Paypal co-founder Max Levchin sat down with Yahoo! Finance editor-in-chief Andy Serwer to discuss his business experience and weigh in on many hot topics including socialism. He rejected progressive calls for “redistribution” from politicians like Rep. Alexandria Ocasio-Cortez (D-NY).
During the Influencers episode released Sept. 5, Serwer asked Levchin what he thinks of Ocasio-Cortez and others “looking to address wealth and income inequality for example by raising taxes on rich people.”
CNN’s 10 back-to-back “climate crisis” town halls with 2020 Democrats were every bit a sideshow one could expect them to be. But there a few moments, Wednesday night, that stood out as particularly off the rails. Between advocating for global abortions, $16 trillion in new government spending, and insidious proposals to manipulate what you eat, it had some people pointing out it was a gold mine for GOP campaign ads.
Keep government spending at high levels or die young. That’s the stark choice offered by reporter Stephen Castle in Saturday’s New York Times, “Why Are Britons Living Shorter Lives? – Austerity and Illness begin to Take a Toll.” The online headline deck: “Shortchanged: Why British Life Expectancy Is Falling -- For the first time in modern history, Britons are living shorter lives, with poor lifestyles, depression and budget cuts the leading causes.” Apparently the paper lacks historical sense, forgetting what actual austerity in Britain was like (not just today’s metaphorical “austerity”) during World War II and even years afterward;
Credit where it’s due: During Wednesday’s evening newscasts, CBS Evening News was the only network news program to report on the FBI’s expansive raids of current and former leaders of the United Auto Workers union. The corruption probe had been going on for four years and netted numerous convictions. Despite all of that, ABC’s World News Tonight and NBC Nightly News completely ignored the story.
As recession headlines and stories proliferate, Fox News MediaBuzz anchor Howard Kurtz had an important question for anchor Maria Bartiromo: could negative media talk damage the U.S. economy? “Do the media have the power, even if they were so inclined for dastardly political reasons, to crash the economy?” Kurtz asked Bartiromo on Aug. 25.
The New York Times retains its bizarre obsession with the left-wing hobbyhorse of “income inequality.” Former economics reporter Binyamin Appelbaum, who betrayed liberal viewpoints in his reporting, is now free to issue unadulterated left-wing opinions from his perch on the paper’s editorial board. His latest Sunday Review piece suggests “Blame Economists for the Mess We’re In.” It began with a history lesson on how the government got over its distaste for economists in prominent positions, while getting off the paper’s latest mean-spirited crack at Nobel winning economist Milton Friedman.
An unexpected update of the classic Monopoly game sparked an argument between liberals and conservatives because it lampooned socialism. Hasbro’s new Monopoly Socialism board game spawned a viral Twitter argument as well as a defense from Sen. Ted Cruz, R-TX. The packaging calls it “a parody of the classic,” and says “winning is for capitalists” and “what’s yours is ours.” Rutgers history professor and Japan historian Nick Kapur called it “mean-spirited and woefully ill-informed” as he launched a series of tweets about the rules and language of the new version of the game.
On Thursday afternoon, MSNBC anchor Ali Velshi excitedly touted the new $16 trillion climate change plan put out by 2020 Democratic presidential candidate Bernie Sanders and excused the massive price tag by lecturing viewers that “there’s a price to not doing anything or to doing too little.” He then brought on left-wing activists to further justify the extreme policy proposal.
The next recession could bring an economic “revolution,” according to left-wing New York Times tech columnist Farhad Manjoo. He argued that when it arrives it would be “time to go full Elizabeth Warren” because of inequality.
Insisting that “a recession looms,” Manjoo fueled envy against CEOs and the wealthy — the very kind of envy that could spur such a “revolution.” Although he attached Democratic candidate Warren’s name to that kind of “radical” change, spouting off about revolution calls to mind other names like Marx and Lenin.
In a story for the New York Times front page Tuesday, “Shareholders Rule No More, C.E.O.s Pledge,” business reporters David Gelles and David Yaffe-Bellany conceded all the left-wing arguments about the evils of big business and roasted Nobel laureate free-market economist Milton Friedman as an avatar of greed: "This mind-set informed the corporate raiders of the 1980s and contributed to an unswerving focus on quarterly earnings reports. It found its way into pop culture, when in the 1987 movie “Wall Street,” Gordon Gekko declared, 'Greed is good.'"
During a press gaggle early Wednesday afternoon outside the White House, President Donald Trump absolutely tore into CNN, NBC News, The New York Times, and particularly NBC's Peter Alexander as “an organ of the Democrats” who’s “the most biased reporter” that he makes NBC News less credible than CNN. Yikes. That one’s gonna leave a mark! Alexander first poked at Trump with a question about a debate whether to let the G-7 return to being the G-8 by allowing Russia back in following their annexation of Crimea and support for separatists occupying eastern Ukraine.
Yes, it´s true. People over 55 years of age are prospering across the nation. But so are Latinos - and as one Hispanic investment ace tells us, they are not the only ones, much to the chagrin of the liberal Spanish-speaking media that continue to make a case for an ailing economy about to crash and for Donald Trump to be deep-sixed.