The John Batchelor Show

Tuesday 1 August 2017

Air Date: 
August 01, 2017

Co-host: Larry Kudlow, The Kudlow Report, CNBC; and Cumulus Media radio
Hour One
Tuesday  25 July 2017 / Hour 1, Block A:.  Brett Arends,  Dow Jones MarketWatch, in re: global markets .  LK:  Market is doing well; economy is [stalled] at 2%.   BA: London properties in a  downturn, esp at the high end.  Looks as though prices will continue to drop.  In the last forty years,  London real estate has gone up 500-fold. In this envt, it’s more compelling to rent: can rent for net 3% of purchase price.  Five years ago there began a bldg. rush; then in 2015, Brexit vote. Has scared off the intl buyer.  Hitherto, massive influx of intl buyers, many of whom just bought homes and have left them empty as a method of storing wealth.  Which is wiser: buy high-end property in Mayfair, rent in Mayfair, or rent at the Ritz?  I’d rent.  Can get a really good deal renting; a very good time to buy may be coming up within eighteen months.  Article: the EU is acting like a bully,  Will that renovate the London property mkt?  Answer: Lots of infighting within the Cabinet among people who want different outcome. PM Theresa May has moved to stop unltd European immigration also, concerning Ireland:  Britain my become a member of  a European customs union without being part of the single market.  Philip Hammond, Chancellor of the Exchequer, wants a single mkt; others do not — soft Brexit vs hard Brexit.   William Hague: In danger of becoming  disastrous muddle.
Tuesday  25 July 2017 / Hour 1, Block B:  Brett Arends,  Dow Jones MarketWatch, in re: “You don’t now left till you see what the British are capable of.”  Tower fire, death and homeless residents. Jeremy Corbin, Labour leader, spoke of requisitioning unused property in London – e.g., mansions bought for investment.  Inside the EU he couldn’t do that; outside the EU, a far-left govt might come in. Look for 100-plus per cent taxes.  Now that Britain have all this freedom, what will they do?   . .  Why can't Boris Johnson just win the prime ministership and work with Trump? If Britain got rid of the corporate income tax, [that’d solve a lot].
Tuesday  25 July 2017 / Hour 1, Block C:  Eric Hanushek, Paul & Jean Hanna Senior Fellow, Hoover Institution; in re: education. Betsy DeVos represents a risk-taker in education in that she supports charter schools — which are unobjectionable except Randy Weingarten, who accuses parents of children in charter schools of being racist.  What?  [Half the children are Black or Latino?]  Over the last fifty years, some closing of achievement gap between Black and white children; at this rate. it’ll close within 200 years  White parents often have a lot of choice, whereas Black families often have had no choice other than (recently) charter schools.   Weingarten calls DeVos racist; what's her motive? After all, charter schools function on public funds.  Now 5.5% of children I the US go to charter schools, which reduces number of members in her union – id est, her financial base is being depleted by those headstrong Blacks who choose charter schools. . . . The real story is trying to increase the achievement levels of our children; were about No 30 in math score internationally; the US is not competitive.  Critical to US economic growth.
How about parental choice in charter schools? Unions want to cut parents out entirely, except for bake sales; charter schools mobilize parents, which is one of their secrets.   When Randy Weingarten called Betsey DeVos racist, does that hamper DeVos’s ability as Secretary of Education?  I have trouble believing that many people take Weingarten seriously.  Btw, Weingarten always takes a far-let position, on any matter.   Recall Fredericks vs Cali Teachers’ Assn in front of the Supreme Court; was abt to be decided in favor of teachers unions’s not being allow to take automatic cuts of teachers’s pay.
Tuesday  25 July 2017 / Hour 1, Block D: Larry Kudlow, in re:  Small-business tax reform!  Need to grow the US economy at 3 or 4%.   Three moderate Democratic  Senators refuse to sign a letter on tax reform, as it looks anti-business.   JFK Democrats – even Bill Clinton Dems; might be that at some point these three might even vote with GOP.  Simplify tax system, lower rates, broaden coverage, increase growth.   Couple that with repatriation and expensing; maybe double the standard deduction for individuals. I don’t care about revenue-neutral. 
Are the mkts impervious to . . .
Hour Two
Tuesday  25 July 2017 / Hour 2, Block A:  Boris Zilberman, ;  in re:  Russians kick American dips out of Moscow: 1,275 all told. 
Tuesday  25 July 2017 / Hour 2, Block B:  Josh Rogin, Washington Post; in re: State Department issues. 
Tuesday  25 July 2017 / Hour 2, Block C:  Behnam Ben Taleblu,  FDD;  in re:  Iranian missiles
Tuesday  25 July 2017 / Hour 2, Block D: Marcus Weisberger, Defense One; in re:  US Air Force. 
Hour Three
Tuesday  25 July 2017 / Hour 3, Block A:  Lou Ann  Hammond, Driving the; in re:   Tesla, Ford, et al.
Tuesday  25 July 2017 / Hour 3, Block B:  Lou Ann  Hammond, Driving the; in re:   New developments in automobile manufacture.
Tuesday  25 July 2017 / Hour 3, Block C:   Gregory Copley, Defense and Foreign Affairs, in re:   Australia; US influence in the Pacific; Australians’s viewpoints on the US in the South China Sea and region.
Tuesday  25 July 2017 / Hour 3, Block D:   Gregory Copley, Defense and Foreign Affairs, in re:  Australia’s shifting position in  global alliances. The Five Eyes (UK, US, Canada, Australian New Zealand). Japan, and other neighbors. Chinese agents are constantly driving a wedge between Australia and the US.  Bribery of Australian pols, regional disinformation.
Hour Four
Tuesday  25 July 2017 / Hour 4, Block A:  Tim McGrath, Give Me a Fast Ship: The Continental Navy and America's Revolution at Sea
Tuesday  25 July 2017 / Hour 4, Block B:   Tim McGrath, Give Me a Fast Ship: The Continental Navy and America's Revolution at Sea
Tuesday  25 July 2017 / Hour 4, Block C:   Robert Zimmerman, and author, Capitalism in Space, in re:  Falcon Heavy, SpaceX’s heavy lift rocket. Elon Musk: Strap three Falcon 9 first stages together to lift 50 tons.  Twenty-three storeys tall. IPO coming: $21 billion – one of only six firms worldwide to stat at that much.  . . . Virgin Galactic; its now-disconnected offshoot, Virgin Orbit, now has launch contracts with actual firms, incl Ariane Space.  
Tuesday  25 July 2017 / Hour 4, Block D:  Robert Zimmerman, and author, Capitalism in Space, in re: Intl space stations, incl India; Russian satellites. There were three five-inch solid gold replicas of lunar lander made by Cartier. Neil Armstrong’s was given to the Neil Armstrong museum; last week it was stolen. Punishing Chinese scientists who commit fraud to get their articles published; the journal Tumor Biology has the rep of having published the largest number of these.  Chinese govt finally landing on them.
Australian weathermen faking data:  noticed that one of the places in Australia suddenly had a record cold temp of 13 degrees Farenheit; which the weather station published as being much warmer (it's run by climate warmists).    Busted!