Former White House adviser Steve Bannon on Wednesday said that he stood behind President Donald Trump’s tariffs on Chinese goods because the U.S. needs to “lance the boil” on China trade.
“We’re not only the rising power, we’re the dominant power, and we’re going to re-form the world along the lines of free-market democratic capitalism, and here’s how it’s going to be,” Bannon explained to CNBC’s Squawk Box program. “You’ve got to break — you’ve got to lance the boil. And that’s what Donald Trump is doing right now. I think our European allies are going to come around, I think they’re going to individually come around to this, because I think they see the wisdom and the toughness of what Trump’s doing.”
CNBC’s host pressed: “If lancing the boil causes an economic downturn, if lancing the boil causes a decline in the stock market of more than 10%, and it’s around election time, what happens to the resolve?”
Bannon insisted that Trump’s trade war with China would be a benefit to Republicans in the upcoming 2020 elections.
“First off, I don’t think that’s going to happen but I think you realize with Joe Biden launching in Pennsylvania, this is going to be the debate the American workers, the men and women that saw those factories leave, the American farmers understand these are patriots they put the national interests of the country before their own personal interests they’ve seen the elites totally do this for themselves they understand,” Bannon said.
“There may be some short-term pain, okay,” he added. “But Donald Trump, and I think others, understand we have to power through this now, it turns out that the numbers on Trump’s plan are actually better. The 3.2% growth is driven by the decline in exports from China. The import prices are falling, right? But a lot of it’s tied to this so, right now, this is working I happen to think, and I think Trump believes and the people around Trump believe it’s going to continue to work.”
Watch the video below from CNBC.
Science now supports the deadly serious warnings the Victorians gave about sleep
“Sleeplessness is one of the torments of our age and generation.” You might presume that this is a quote from a contemporary commentator, and no wonder: the World Health Organisation has diagnosed a global epidemic of sleeplessness, and it is difficult to escape accounts, both popular and scientific, of the dangers to health of our 24/7 lifestyle in the modern digital age. But it was actually the neurologist Sir William Broadbent who wrote these words, in 1900.
So our concerns are evidently far from new. The Victorian era experienced not only the extraordinary upheavals of the industrial revolution, but also the arrival of gas and then electric lighting, turning night into day. The creation of an international telegraph network similarly revolutionised systems of communication, establishing global connectivity and, for groups such as businessmen, financiers and politicians, a flow of telegrams at all hours.
The new Rambo movie is essentially a MAGA fever dream of bigotry
"Rambo: Last Blood," the latest in the long-running franchise about a traumatized war veteran (Sylvester Stallone) turned on-demand badass, is less an escapist action movie and more a dramatized manifestation of the most notorious sentences from Donald Trump's presidential campaign announcement speech: "They're bringing drugs. They're bringing crime. They're rapists. And some, I assume, are good people." Even for a series that has always been shaped by a right wing worldview, the only reason for this latest sequel to exist — besides generating profits from die-hard Stallone fans — is to validate MAGA-world bigotries about Mexicans.This article first appeared in Salon.
University of Texas Rio Grande Valley to provide free tuition for students with household incomes under $75,000
The tuition assistance program is expected to cover tuition and fees for about half of UTRGV students in the 2020-2021 academic year.
Beginning in the next academic year, the University of Texas Rio Grande Valley will provide free tuition and cover mandatory fees for qualifying students with household incomes under $75,000, the university announced Monday.
The UTRGV Tuition Advantage program is expected to alleviate tuition costs for more than half of the university's 21,459 undergraduate students, UTRGV President Guy Bailey said in the release. Funding will be available to incoming, returning and transfer in-state undergraduate students.