Category: Economy

THE LOCALIST REVOLUTION

Change in a localist world often looks like a renewal of old forms, which were often more intimate and personalistic than the technocratic structures of the past 50 years. Localism stands for the idea that there is no one set of solutions to diverse national problems. Instead, it brings conservatives and liberals together around the thought that people are happiest when their lives are enmeshed in caring face-to-face relationships, building their communities together.

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Tariffs Imperil a Hometown Business in South Carolina: BMW

The Spartanburg plant is BMW’s biggest in the world. It has helped draw more than 200 companies from two dozen countries to Spartanburg County. And the German company — not an American icon like Ford or General Motors — is now the largest exporter of cars made in the United States, turning the port of Charleston, S.C., into a hub for global trade. But by setting off a global trade battle, President Trump is threatening the town’s livelihood. People aren’t happy.

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Trump wanted to cut arts funding. Instead, the spending bill he signed gives it a boost.

WE NEED THE ARTS NOW MORE THAN EVER
President Trump has shown he has a very particular dislike of criticism and dissent. He has repeatedly belittled his critics — and, accusers — while failing to answer their criticisms. His administration has, similarly, taken to hiding behind accusations of fake news in order to delegitimize his critics. Trump is, in a very real sense, the worst qualities of the classic internet critic distilled into presidential form.

The arts offer a means of countering this with the very best of what our connectedness can bring: elevating minority voices, fostering outsider thinking, providing careful deliberation of difficult subjects, and, perhaps most important in these divisive times, the arts allow us to meditate on the basic truths of our lives today.

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White House budget projects $1 trillion deficit in 2019

President Trump’s first budget (for FY 2018) projected a $526 billion deficit in 2019, under its policies. The FY 2019 Mid-Session Review released last Friday revises his current budget to a $1,085 billion deficit in 2019. That’s an increase of roughly $560 billion, or more than double.

Altogether, tax cuts and spending hikes account for more than four-fifths of the deficit increase between the President’s FY 2018 Budget and the recent Mid-Session Review. Moreover, CBO’s estimates show revenue will fall by $1 trillion, not rise by that amount.

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WHITE HOUSE THREATENED TO ECONOMICALLY CRIPPLE ECUADOR FOR PROMOTING BREASTFEEDING

Though a 2016 study found that breastfeeding would prevent 800,000 child deaths a year worldwide and save $300 billion from reduced health-care costs for children given breast milk, the $70 billion baby-food industry, dominated by a handful of American and European companies, “has seen sales flatten in wealthy countries in recent years, as more women embrace breastfeeding,” per the Times. And the White House obviously can’t have that!

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  • S.756
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    Traumatic Brain Injury Program Reauthorization Act of 2018 (12/18/2018 legislative day)