Monthly Archives: May 2019

May 26 2019

President Trump Day One Schedule – Tokyo, Japan State Visit…


Re-Posted from The Conservative Tree House on May 25, 2019 by 

Earlier this month, the Japanese people welcomed the new Imperial Era of “Reiwa,”which means “beautiful harmony.  Many of the activities over the next few days will happen in the overnight hours as Tokyo Japan is 13 hours ahead of U.S. Eastern timezone.

Today President Trump and Prime Minister Shinzo Abe will play golf; and then they will be joined by their spouses to attend a sumo wrestling cultural event and couples dinner.

8:10am (Tokyo, Local / 7:10pm (U.S. Eastern) THE PRESIDENT departs the Palace Hotel Tokyo route to Hardy Barracks Landing Zone, Tokyo, Japan

8:20am (Tokyo) / 7:20pm (U.S. Eastern) THE PRESIDENT arrives at Hardy Barracks Landing Zone, Tokyo, Japan

8:30am (Tokyo) / 7:30pm (U.S. Eastern) THE PRESIDENT departs Tokyo, Japan, en route to Chiba, Japan

9:00am (Tokyo) / 8:00pm (U.S. Eastern) THE PRESIDENT arrives at Mobara Country Club Landing Zone, Chiba, Japan

1:35pm (Tokyo) / 12:35am (U.S. Eastern) THE PRESIDENT departs Chiba, Japan, en route to Tokyo, Japan, Chiba, Japan

2:05pm (Tokyo) / 1:05am (U.S. Eastern) THE PRESIDENT arrives at Hardy Barracks Landing Zone, Tokyo, Japan

2:15pm (Tokyo) / 1:15am (U.S. Eastern) THE PRESIDENT departs Hardy Barracks Landing Zone en route to the Palace Hotel, Tokyo, Japan

2:25pm (Tokyo) / 1:25am (U.S. Eastern) THE PRESIDENT arrives at the Palace Hotel, Tokyo, Japan

4:35pm (Tokyo) / 3:35am (U.S. Eastern) THE PRESIDENT and THE FIRST LADY depart the Palace Hotel, en route Ryōgoku Kokugikan Stadium, Tokyo, Japan

4:50pm (Tokyo) / 3:50am (U.S. Eastern) THE PRESIDENT and THE FIRST LADY arrive at Ryōgoku Kokugikan Stadium, Tokyo, Japan

5:00pm (Tokyo) / 4:00am (U.S. Eastern) THE PRESIDENT and THE FIRST LADY attend the sumo wrestling cultural program, Tokyo, Japan

6:35pm (Tokyo) / 5:35am (U.S. Eastern) THE PRESIDENT and THE FIRST LADY depart Ryōgoku Kokugikan Stadium en route to dinner location, Tokyo, Japan

6:55pm (Tokyo) / 5:55am (U.S. Eastern) THE PRESIDENT and THE FIRST LADY arrive at dinner location, Tokyo, Japan

7:00pm (Tokyo) / 6:00am (U.S. Eastern) THE PRESIDENT and THE FIRST LADY participate in a couples dinner with the Prime Minister of Japan and Mrs. Abe, Tokyo, Japan

8:05pm (Tokyo) / 7:05am (U.S. Eastern) THE PRESIDENT and THE FIRST LADY depart dinner location en route to the Palace Hotel, Tokyo, Japan

8:20pm (Tokyo) / 7:20am (U.S. Eastern) THE PRESIDENT and THE FIRST LADY arrive at the Palace Hotel, Tokyo, Japan

♦ Day #1 concludes ♦

The official visit itinerary will include the first formal state banquet hosted by the Emperor Naruhito and Empress Masako tomorrow.  The visit is a big honor intended to convey the importance of the relationship between the U.S. and Japan.

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May 26 2019

President Trump Attends Reception With Japanese Business Leaders….


Re-Posted from The Conservative Tree House on May 25, 2019 by 

President Donald Trump and First Lady Melania Trump attend a reception at the residence of Ambassador William F. Hagerty, U.S. Ambassador to Japan. [Note: see the Japanese guest to understand how twitchy Ambassador Hagerty is.]

Accompanying the President and First Lady are: chief of staff Mr. Mick Mulvaney, USTR Robert Lighthizer and Asst to President Mr. Rob Blair (helps Mulvaney).

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The funniest thing about this video is how President Trump (not a politician) is sizing up the room based on executive business acumen; and simultaneously the room is sizing up  Donald Trump based on his status as President Trump.

Japanese Guest List (below):

A HISTORIC NEW ERA: President Donald J. Trump and First Lady Melania Trump congratulate Japan on their new era of Reiwa and look forward to a great friendship and bright future.

Earlier this month, the Japanese people welcomed the new Imperial Era of “Reiwa,”which means “beautiful harmony.”

In the spirit of this new era, President Trump recommits the United States to advancing our strong partnership and achieving our shared vision of a free and open Indo-Pacific region.

Japanese Business Leaders Present:

Kiyotaka Ise, President of Aisin Seiki

Peter Jennings, President of the American Chamber of Commerce in Japan

Noriyuki Inoue, Chairman of Daikin Industries

Koji Arima, President and Chief Executive Officer of DENSO

Hiroyuki Ochiai, President of Fuel Total System

Toshiaki Higashihara, Chairman of Hitachi

Toshiaki Mikoshiba, Chairman and Director of Honda

Masatsugu Nagato, President and Chief Executive Officer of Japan Post Holdings Co.

Yuzaburo Mogi, Honorary Chief Executive Officer and Chairman of the Board of Directors for Kikkoman

Akira Marumoto, President and Chief Executive Officer of Mazda

Ken Kobayashi, Chairman of Mitsubishi Corporation (Trading House)

Masaki Sakuyama, President and Chief Executive Officer of Mitsubishi Electric Corporation

Seiji Izumisawa, President and Chief Executive Officer for Mitsubishi Heavy Industry

Nobuyuki Hirano, Chairman and Corporate Executive for Mitsubishi UFJ Financial Group, Inc.

Shigenobu Nagamori, Founder, Chairman, and Chief Executive Officer for Nidec Corporation

Hiroto Salikawa, President and Chief Executive Officer for Nissan

Junko Nakagawa, Executive Managing Director for Nomura Asset Management Co.

Hiroshi Mikitani, Chief Executive Officer for Rakuten

Yasuhiko Saitoh, President of Shin-Etsu Chemical

Masayoshi Son, Chief Executive Officer of Softbank

Masayoshi Fujimoto, President and Chief Executive Officer for Sojtz

Shiro Kambe, Executive Vice President for Sony

Tomomi Nakamura, President of Subaru (Fuji Heavy Industries)

Masayuki Hyodo, Representative Director, President and Chief Executive Officer of Sumitomo Corporation

Takeshi Niinami, President and Chief Executive Officer of Suntory

Christoph Weber, President and Chief Executive Officer of Takeda Pharmaceuticals Co.

Michiaki Hirose, Chairman of Tokyo Gas Co.

Satoshi Tsunakawa, President of Toshiba Akio Toyoda, President of Toyota

[Interestingly, there’s probably not many events that have ever put all of these leaders of Japanese business and industry together, in the same room, at the same time.]

May 26 2019

President Trump and First Lady Melania Arrival in Tokyo…


Re-Posted from The Conservative Tree House on May 25, 2019 by 

With a 13-hour time zone difference, President Donald Trump and First Lady Melania Trump arrived in Tokyo shortly after 4:00am EDT this morning (5:00pm Tokyo).

The President was greeted by Taro Kono, Minister of Foreign Affairs; Mrs. Kaori Kono
Spouse of Taro Kono; U.S. Ambassador to Japan William F. Hagerty, and several Japanese representatives from the Suite of Honor, Ministry of Foreign Affairs.

As they were coming down the stairs, stunning Melania laughed when POTUS noted she almost had a Marilyn Monroe moment.

May 25 2019

The History of Classical Liberalism – Learn Liberty


Published on May 13, 2011

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Historian Stephen Davies describes classical liberalism as a comprehensive philosophy, which has had implications in all the major academic disciplines. Learn More: https://www.learnliberty.org/ At an abstract level, classical liberalism offers three key insights: 1) The goal of life is human happiness and flourishing. 2) Personal choice and individual liberty are crucial in explaining and appreciating how society develops. 3) Commerce, wealth, and trade are preferable to war and conflict. If you agree with these classical liberal insights, you might be a classical liberal! Want to know for sure? Check out Nigel Ashford’s seven minute video entitled “What is Classical Liberalism” http://www.youtube.com/watch?v=iU-8Uz… Watch more videos: http://lrnlbty.co/y5tTcY

 

May 25 2019

College and Housing Bubbles


Published on Oct 23, 2017

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Remember the mid-2000s housing crash that wiped out homeowners? Well, there’s another bubble getting ready to pop, and this one’s in student debt. Prof. Antony Davies explains. SUBSCRIBE: http://bit.ly/2dUx6wg LEARN MORE: Why Do We Have Student Loans? (video): Student loans skyrocketed from the 1980s to the 2007 recession. Professor Brian Domitrovic says this is a bubble that needs to pop. https://www.youtube.com/watch?v=ehn_F… 2016 Presidential Election: Student Debt (video): Forgiving student loan debt and increasing subsidies for higher education were popular ideas on the campaign trail in the 2016 presidential election, and they remain popular ideas today. Professor Don Boudreaux explains why these policy changes would lead to negative outcomes while failing to address the underlying issues at play. https://www.youtube.com/watch?v=pUpDD… How to Solve the Student Debt Crisis (video): Manhattan Institute fellow Jared Meyer talks about how innovation in the student loan industry could help solve the student debt crisis. https://www.youtube.com/watch?v=Anh-5…
May 25 2019

Chaos of Weather Record Heat Wave Coming


Armstrong Economics Blog/Climate

Re-Posted May 25, 2019 by Martin Armstrong

This weekend the forecasts are calling for a blistering, dangerous heat wave which is poised to scorch the southeastern U.S. over the Memorial Day weekend. I warned that our computer was showing a sharp increase in volatility in the weather. The winters would spike to new record lows and then the summers would spike to scorching highs. Once again, this is not my personal opinion. If you simply input the data this is what comes up – patterns.

Lorenze

During the 1950s, Edward N. Lorenz (1917-2008) observed that there was a cyclical non-linear nature to weather, yet the field relied upon linear statistical models in meteorology to do weather forecasting. Lorenz became the father of Chaos Theory. He was an American mathematician and meteorologist. Lorenz was certainly THE pioneer in Chaos Theory. A professor at MIT, Lorenz was the first to recognize what is now called chaotic behavior in the mathematical modeling of weather systems. It was like trying to measure the circumference of a circle with a straight edge ruler. His work on the topic culminated in the publication of his 1963 paper “Deterministic Non-periodic Flow”in the Journal of the Atmospheric Sciences, and with it, the foundation of chaos theory. During the early 1960s, Lorenz had access to early computers. He was running what he thought would be random numbers and began to observe there was a duality of a hidden repetitive nature. He graphed the numbers that were derived from his study of convection rolls in the atmosphere. What emerged has been perhaps one of the most important discoveries in modern time.

LORENZ (3)

This illustration of the Lorenz Strange Attractor is incredibly important and was first reported in 1963. Lorenz’s discovery of a strange attractor was made during an attempt to create a model of weather patterns. The actual experiment was an attempt to model the atmospheric dynamics of the planet. It involved a truncated model of the Navier-Stokes equations. It is a visual example of a non-linear dynamic system corresponding to the long-term behavior in a cyclical manner revealing a hidden order we cannot otherwise observe.

The Lorenz Strange Attractor is a three-dimensional dynamical system that exhibits chaotic flow, noted for its interesting shape revolving around two invisible strange points in space-time we call Strange Attractors. The map shows how the state of a dynamic system with three variables of a three-dimensional system evolves over the fourth dimension (time) in a complex, yet non-repeating pattern. In other words, here is a visualization of duality – what appears to be randomness (chaos) simultaneously contains a broader clear pattern of order. The same identical structure appears in the light where it is both a waveform and particle, as we see in the economy where we retain our individuality yet at the same time we are part of a broader collective pattern. This is the very essence of the Invisible Hand – or in Lorenz terms, a Strange Attractor.

Therefore, Chaos Theory is a field of study in mathematics with applications in several disciplines including meteorology, physics, engineering, economics, biology, and philosophy. Chaos theory investigates the behavior of dynamical systems that are highly sensitive to initial conditions and subtle changes in the input can create a drastic alternative in the outcome. This has been explained as the “effect,” which is popularly referred to as the butterfly effect. Slight differences in initial conditions yield widely diverging outcomes for such dynamical systems, rendering long-term prediction impossible in general without comprehending dynamic analysis that is cyclical based.

The chaos that appears is complex, yet it masks a hidden order beneath. The complexity of variables creates the illusion that these systems are unpredictable yet they can be extremely deterministic when viewed correctly. The future behavior of such systems is entirely determined by their initial conditions, with no random elements involved whatsoever. In other words, the deterministic nature of these systems allows them to be predictable when approached objectively by a computer eliminating the randomness of human judgment. This type of behavior is best described as Deterministic Chaos.

This fascinating dimension was summarised by Edward Lorenz as follows:

“Chaos: When the present determines the future, but the approximate present does not approximately determine the future.”

This extraordinary complexity that created the surface impression of chaos hides amazing order below. Chaotic behavior can be observed in many natural systems, from such things as weather to economics. Our problem has been mankind’s attempt to reduce everything he sees to simple-minded one-dimensional cause and effect. This type of explanation of such behavior has restrained our ability to move forward in many fields, the least of which is not social science including economics.

Deterministic Chaos may be the key to everything for within both nature and our social world, we are surrounded with complexity yet we try to rationalize everything to a single dimension and are unable to cope with the dynamics of the world in which we live.

Of course, Larry Summer admitted that economists cannot forecast the future because it is complex like the weather systems. We are pointed to perhaps break records that date back to the 1800s.

Categories: Climate, Nature
May 25 2019

Proposal in Europe to Kill Air Traffic Due to Global Warming


Armstrong Economics Blog/Climate

Re-Posted May 24, 2019 by Martin Armstrong

QUESTION: Dear Martin,
This was my first WEC and it was an overwhelming amount of impressions, contacts, information coming over me. Still struggling to digest it all. I did not realize beforehand so much, but creating contacts with like-minded people is such a crucial part of the conference. It looks like 99% of the population has lost its mind; so few around I can have an honest and informed dialogue about what is happening and how to deal with it. Thank you so much!

Also in Europe they (unelected lefties) are planning to take flights down :

M

ANSWER: To those who are outside of Europe it may sound unbelievable, but AOC should move to Europe and run for politics there. She will not seem as crazy. In the TV duel of EU’s top candidates, Frans Timmermans (European Social Democrats) explicitly demanded a ban on short-haul flights. His conservative opponent Manfred Weber does not want to abolish the short-haul routes by law, but he also wants to shift the air traffic by more attractive train offers on the rail. (see BILD)

Yes, Europe has adopted AOC’s idea of ending air traffic. They are not yet looking at cutting off all flights, but they are starting with short flights. Nevertheless, according to a recent BILD survey, more than 54,000 participants voted 62% against a ban on short-haul flights.

May 25 2019

PM Theresa May Resigns


Armstrong Economics Blog/BRITAIN

Re-Posted May 24, 2019 by Martin Armstrong

Prime Minister Theresa May has announced that she will now step down as the U.K. prime minister after failing to win support for her plan to withdraw from the European Union. It has been shocking how she only pitched Brussels’ demands and refused to defend Britain. This conflict has been all about Brussels who demands a hard border in Ireland to prevent their loss of taxes on trade.

May stated she was resigning outside 10 Downing Street on Friday, for she said it was “in the interests of the country for a new prime minister” to lead the U.K.’s Brexit process and confirmed her final day as Conservative Party leader would be June 7. However, she will continue as prime minister until a successor is chosen.

“It is and will always remain a matter of deep regret to me that I have not been able to deliver Brexit. It will be for my successor to seek a way forward that honors the result of the referendum,”she said. “To succeed he or she will have to find consensus in parliament where I have not.”

Theresa May has single handedly destroyed her reputation and political career. Brussel’s refusal to yield on the border issue appears to be a deliberate ploy to try to force the U.K. into a choice of a hard exit or remain.

Categories:
May 25 2019

Motegi and Lighthizer Meeting Right Now…


Re-Posted from The Conservative Tree House on May 25, 2019 by 

Based on time zones (Japan is 13 hours ahead), and considering Lighthizer left on Thursday; it would appear Japanese Economy Minister Toshimitsu Motegi and U.S. Trade Representative Robert Lighthizer are meeting right about now.

(Reuters) – Japanese Economy Minister Toshimitsu Motegi said on Friday that he will meet with U.S. Trade Representative Robert Lighthizer in Tokyo on Saturday for trade talks ahead of a summit meeting between leaders from the two nations on Monday.

Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump are expected to discuss topics including North Korea’s nuclear programs, trade issues and the coming Group of 20 leaders’ summit. (link)

Following the State Dinner to celebrate the beginning of the Reiwa Era, introduced with the coronation of Japanese Emperor Naruhito, President Donald Trump and Prime Minister Shinzo Abe are scheduled to hold a summit and joint press conference on Monday.

There is a rumor their presser may include a “significant announcement.”

I cannot think of a non-splendid reason for Ambassador Lighthizer to fly all the way to Japan if Trump and Abe didn’t have something planned.

…just sayin’.

May 25 2019

Nigel Farage Discusses Brexit Party Victory and Theresa May Resignation…


Re-Posted from The Conservative Tree House on May 24, 2019 by 

Brexit Party leader Nigel Farage calls-in to Fox Business for a discussion of Theresa May’s resignation and the success of the Brexit Party movement in the recent EU election.

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[ps. I still think U.K. far-left media are sandbagging the results of the British vote for EU Parliament members.  Farage puts the total at 35%. Don’t be surprised if the official numbers are not even higher when announced on Sunday]