Author: Lone Candle

China is ghosting the United States

Posted on by Lone Candle

“Secretary of State Antony Blinken wants to reschedule his date with China. Beijing is giving him the cold shoulder.
The Biden administration called off Blinken’s planned trip to Beijing in February after a Chinese spy balloon traversed U.S. skies, but has since been trying to restart high-level talks. That includes rescheduling the Blinken visit, and setting up other trips by top U.S. officials and a phone call between President Joe Biden and Chinese leader Xi Jinping, a current U.S. official and a former State Department official said.

But China is rebuffing the U.S. efforts”

…

“China also is pressing back particularly hard on the proposals for a Xi-Biden call.”

Wisconsin and Chicago elections expose liabilities in GOP case for ’24

Posted on by Lone Candle

“Left-leaning Janet Protasiewicz won resoundingly in her bid for the Wisconsin Supreme Court, despite being labeled “No Jail Janet” by her opponents. Democrats noted that her opponent, Dan Kelly, was connected to a plan to reverse the 2020 election results.
Similarly, Brandon Johnson, a Chicago union organizer, was hammered by his rival for previously leaning into the “defund the police” movement. But he stressed that his opponent Paul Vallas was not actually a Democrat, forcing him to repeatedly defend his credentials.

Both Protasiewicz and Johnson prevailed.”

TikTok Is Too Popular To Ban

Posted on by Lone Candle

“Investigative journalists have tried hard to find evidence that TikTok is leaking data to Chinese authorities, but to no avail.
“I haven’t found any evidence” of “the company handing over data to Chinese authorities, or security risks associated with its connection to the Chinese state,” writes Chris Stokel-Walker—who has done ample critical reporting about the company—at Buzzfeed this week:

I’ve been trying for years to find any links to the Chinese state. I’ve spoken to scores of TikTok employees, past and present, in pursuit of such a connection. But I haven’t discovered it….””

…

“TikTok adamantly denies allegations about data sharing with the Chinese government. “TikTok has never shared, or received a request to share, U.S. user data with the Chinese government,” said its CEO in prepared testimony released ahead of today’s House hearing. “Nor would TikTok honor such a request if one were ever made.”
“Let me state this unequivocally: ByteDance is not an agent of China or any other country,” the testimony continues. “Bans are only appropriate when there are no alternatives. But we do have an alternative.”

The company has been cooperating with U.S. regulators to develop protocols around user data that will help mollify security and privacy concerns. “TikTok has formed a special-purpose subsidiary, TikTok U.S. Data Security (USDS), that currently has nearly 1,500 full-time employees and contracted with Oracle to store TikTok’s U.S. user data,” notes Reuters. According to Chew’s testimony, “Oracle has already begun inspecting TikTok’s source code and will have unprecedented access to the related algorithms and data models.””

To Balance the Budget, Republicans Must Cut Military Spending, Trim Entitlements, or Raise Taxes

Posted on by Lone Candle

“In one scenario outlined by the CBO, Congress would have to cut 86 percent of all discretionary spending if it wanted to balance the budget by 2033 without touching the military, veterans programs, or entitlements like Social Security and Medicare. In a slightly altered version of that same scenario in which the Trump tax cuts were not allowed to expire as intended in 2025, Congress would have to cut 100 percent of discretionary spending—and the country would still face a $20 billion deficit.”

…

“it should be clear that any attempt at bringing the federal budget deficit under control must kill (or at least wound) the Republicans’ sacred cows of military spending, entitlements, and the recent Trump tax cuts. Right now, however, leading Republicans including former President Donald Trump and Speaker of the House Kevin McCarthy (R–Calif.) have vowed to keep Social Security out of any long-term spending deals. Rep. Jim Banks (R–Ind.) has promised to oppose any bill that cuts defense spending.
As for the tax cuts, they’re technically temporary—a gimmick that allowed Republicans to game the CBO’s scoring of the tax cut bill—but keeping the lower individual income tax rates in place past 2025 is a top priority for Republicans.”

…

“the CBO’s numbers aren’t partisan and neither is the blame for America’s massive budget deficits. These latest projections only reveal how difficult the choices ahead will be. If Republicans are serious about trying to balance the budget, there can be no more sacred cows.”

Florida Decides To Extend LGBT School Censorship to All Grades After All

Posted on by Lone Candle

“These proposed rule changes aren’t just about making sure teachers discuss sexual orientation and gender identity only when it is appropriate. Evidence suggests that Florida officials are attempting to censor LGBT discussions in classrooms as much as they possibly can. The “Don’t Say Gay” label is becoming more and more apt as time goes by.”

Does taxing the wealthy lower inflation?: Video Sources

Posted on by Lone Candle

Fiscal Policy – The Economic Lowdown Podcast Series Federal Reserve Bank of St. Louis. https://www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-21-fiscal-policy How Can Fiscal Policy Help Reduce Inflation? Peter G. Peterson Foundation. 2023 3 7. https://www.pgpf.org/blog/2023/03/how-can-fiscal-policy-help-reduce-inflation US history lesson: Taxes on rich people helped to beat inflation (and

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