President Donald Trump inspected products brought to the White House on Monday from all 50 U.S. states to launch his “Made In America Week.”

On display from the easternmost state of Maine was a yacht. From the distant shores of Hawaii, more than 7,500 kilometers from the nation’s capital, there was a bottle of rum.

Even Marine One, the presidential helicopter, was turned into an expensive prop to tout Connecticut manufacturing.

The president hopped into a Wisconsin firetruck.

“Where’s the fire? I’ll put it out,” he asked as Vice President Mike Pence looked on and press secretary Sean Spicer snapped photos.

Highlighting US manufacturing prowess

Minutes later, Trump signed a proclamation declaring July 17 as Made in America Day, saying the “hard part now is done,” because his administration has removed regulatory barriers.  

“For decades Washington has allowed other nations to wipe out millions of American jobs through unfair trade practices,” said the president to representatives of the featured businesses from 50 states. “Wait ‘till you see what is up for you. You are going to be so happy.”  

The latest weekly-themed campaign of the six-month-old Trump administration (and there are more to come in the next few weeks) is meant to highlight the importance of U.S. manufacturing and tout its policies to bring more such jobs back from overseas.

Amid the continuing pursuit of health care legislation and the growing investigations into links between the Trump campaign and Russia, another themed week should have come as a welcome and positive distraction.

Monday’s launch, however, was somewhat overshadowed by the fact that many, if not most, of the Trump family business products are made in foreign factories.

Steel and aluminum to build some of the most recent Trump hotels in the U.S. came from China. Much of the merchandise sold in those hotels, as well as the president’s private golf courses, are of foreign origin.  

What about Trump products?

The Democratic National Committee calls the domestic promotion campaign “the epitome of hypocrisy,” saying the president, instead of lecturing, should try setting an example.

“If you’re going to preach something, start at home, start at home,” said Chuck Schumer, the Democratic Party’s leader in the Senate. “Trump shirts and ties: where are they made? China. Trump furniture: where is it made? Turkey.” 

The clothing line carrying daughter Ivanka Trump’s name is also made overseas. That point was repeatedly raised by reporters at Monday’s off-camera White House press briefing.

“Some products may not have the scalability or the demand here in this country,” acknowledged Spicer. “But like so many other things, if that demand – if there is enough of demand then hopefully somebody builds a factory and does it.”  

Globalization makes ‘Made in…’ obsolete

Trade analysts say it is not that simple, because we are now in an interconnected global economy.

“The factory floor has broken through its walls and now spans borders and oceans,” said Daniel Ikenson, who directs trade policy studies at a libertarian think tank, the Cato Institute. “So things, a final good on an American retail store shelf, tends to have components, value-added, in five, six, 10 countries.”

While internationalists acknowledge there is a problem with Americans displaced from their jobs by technological changes or trade treaties, “The way to address that is not to compel people to buy American. The way to address that is to get rid of the frictions in the labor market that will make it easier for people to adjust to the new conditions,” Ikenson told VOA.

White House policymakers are undeterred by such arguments, pursuing their protectionist agenda. It seeks to reverse decades of work by administrations of both parties – supported by major U.S. business groups — to promote international commerce and trade agreements. 
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From: MeNeedIt

EU foreign ministers approved on Monday measures to allow Ukraine to export more industrial and agricultural products free of tariffs to the bloc in recognition of reforms undertaken by Kyiv and the country’s fragile economy.

By the end of September, Ukraine will be able to export greater tonnage of farm products, including grains, honey and processed tomatoes for three years.

The EU will also remove for the same period import duties on fertilizers, dyes, footwear, copper, aluminum, televisions and sound recording equipment.

The measures add to a free-trade agreement provisionally in place since January 2016 that has opened both markets for goods and services.

“It is our duty to support Ukraine and strengthen our economic and political ties, also in the face of the ongoing conflict on its soil,” said Estonia Foreign Minister Sven Mikser, whose country holds the six-month rotating presidency of the European Union.

Trade has been at the heart of a dispute between Russia and the European Union over relations with Ukraine, with Moscow and Brussels both competing to bring Kyiv closer to their side through offers of greater economic integration.

While Kyiv has moved westward, Russia has sought to destabilize Ukraine, EU governments and NATO say, by annexing Crimea and providing separatists with weapons and troops in Ukraine’s industrial east.
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From: MeNeedIt

Swiss tennis star Roger Federer has won a record 8th Wimbledon title, defeating Croatia’s Marin Cilic in straight sets, 6-3, 6-1, 6-4.
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From: MeNeedIt

Bilateral talks aimed at reducing the U.S. trade deficit with China have yielded some initial deals, but U.S. firms say much more needs to be done as a deadline for a 100-day action plan expires Sunday.

The negotiations, which began in April, have reopened China’s market to U.S. beef after 14 years and prompted Chinese pledges to buy U.S. liquefied natural gas. American firms have also been given access to some parts of China’s financial services sector.

More details on the 100-day plan are expected to be announced in the coming week as senior U.S. and Chinese officials gather in Washington for annual bilateral economic talks, rebranded this year as the “U.S.-China Comprehensive Economic Dialogue.”

A U.S. Commerce Department spokesman declined to discuss potential areas for new agreements since a May 11 announcement on beef, chicken, financial services and LNG.

​Trade deficit grows

Earlier in April, when Chinese President Xi Jinping met U.S. President Donald Trump for the first time at his Florida resort, Xi agreed to a 100-day plan for trade talks aimed at boosting U.S. exports and trimming the U.S. trade deficit with China.

The U.S. goods trade deficit with China reached $347 billion last year. The gap in the first five months of 2017 widened about 5.3 percent from a year earlier, according to U.S. Census Bureau data.

“It is an excellent momentum builder, but much more needs to be done for U.S.-China commercial negotiations to be considered a success,” said Jacob Parker, vice president of China operations at the U.S.-China Business Council (USCBC) in Beijing.

Biggest irritants

There has been little sign of progress in soothing the biggest trade irritants, such as U.S. demands that China cut excess capacity in steel and aluminum production, lack of access for U.S. firms to China’s services market, and U.S. national security curbs on high-tech exports to China.

The Trump administration is considering broad tariffs or quotas on steel and aluminum on national security grounds, partly in response to what it views as a glut of Chinese production that is flooding international markets and driving down prices.

Deals struck

American beef is now available in Chinese shops for the first time since a 2003 U.S. case of “mad cow” disease, giving U.S. ranchers access to a rapidly growing market worth around $2.6 billion last year.

More beef deals were signed during an overseas buying mission by the Chinese last week.

“There are hopes there will be even more concrete results,” Chinese Foreign Ministry spokesman Geng Shuang told a daily news briefing in Beijing on Friday. He did not elaborate.

Critics of the 100-day process said China had agreed to lift its ban on U.S. beef last September, with officials just needing to finalize details on quarantine requirements.

China, meanwhile, has delivered its first batch of cooked chicken to U.S. ports after years of negotiating for access to the market. 

But unlike the rush by Chinese consumers for a first taste of American beef, Chinese poultry processors have not had a flurry of orders for cooked chicken.

Biotech crops, financial services

Other sectors in China under U.S. pressure to open up have moved more slowly.

Beijing had only approved two of the eight biotech crops waiting for import approval, despite gathering experts to review the crops on two occasions in a six-week period.

U.S. industry officials had signaled they were expecting more approvals. U.S. executives say the review process still lacks transparency.

Financial services is another area where little progress has been made, U.S. officials say.

USCBC’s Parker said it is unclear how long it will take for foreign credit rating agencies to be approved, or whether U.S.-owned suppliers of electronic payment services will be able to secure licenses.

The bilateral talks have also not addressed restrictions on foreign investment in life insurance and securities trading, or “the many challenges foreign companies face in China’s cybersecurity enforcement environment,” Parker said.

In an annual report released Thursday, the American Chamber of Commerce in Shanghai said China remained a “difficult market.”
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From: MeNeedIt

Forty-eight years after he landed on the moon, Apollo 11 astronaut Buzz Aldrin on Saturday rolled out a red carpet for the red planet at a star-studded gala at the Kennedy Space Center.

Aldrin, 87, commemorated the upcoming anniversary of the 1969 mission to the moon under a historic Saturn V rocket and raised more than $190,000 for his nonprofit space education foundation, ShareSpace Foundation. Aldrin believes people will be able to land on Mars by 2040, a goal that NASA shares. The space agency is developing the Space Launch System and the Orion spacecraft to send Americans to deep space.

Apollo astronauts Walt Cunningham, Michael Collins and Harrison “Jack” Schmitt joined Aldrin, one of 12 people to walk on the moon, at the sold-out fundraiser.

Bezos, Jemison honored

“I like to think of myself as an innovative futurist,” Aldrin told a crowd of nearly 400 people in the Apollo/Saturn V Center. “The programs we have right now are eating up every piece of the budget and it has to be reduced if we’re ever going to get anywhere.”

During the gala, the ShareSpace Foundation presented Jeff Bezos with the first Buzz Aldrin Space Innovation Award. Bezos, the founder of Amazon.com and the spaceflight company Blue Origin, is trying to bring the cost of space travel down by reusing rockets.

“We can have a trillion humans in the solar system. What’s holding us back from making that next step is that space travel is just too darned expensive,” Bezos said. “I’m taking my Amazon lottery winnings and dedicating it to (reusable rockets). I feel incredibly lucky to be able to do that.”

The foundation also honored former NASA astronaut Mae Jemison, the first African-American woman to travel in space, with the Buzz Aldrin Space Pioneering Award.

What Aldrin is talking about is “not just about the physical part of getting to Mars. It’s also about that commitment to doing something big and audacious,” Jemison told The Associated Press. “What we’re doing looking forward is making sure that we use our place at the table.”

Education foundation

Space memorabilia was auctioned at the gala, including an autographed first day insurance “cover” that fetched $42,500 and flew to the surface of the moon. Covers were set up by NASA because insurance companies were reluctant to offer life insurance to pioneers of the U.S. space program, according to the auction website. Money raised from their sale would have paid out to the astronauts’ families in the event of their deaths. The covers were issued in limited numbers and canceled on the day of launch.

The gala is the first part of a three-year campaign leading up to the 50th anniversary of the moon landing to help fund advancements that will lead to the future habitation of Mars.

ShareSpace Foundation on Saturday announced a new nonprofit, the Buzz Aldrin Space Foundation, to create an educational path to Mars. During the past year, the foundation has given 100 giant maps of Mars to schools and continues to work with children to advance education in Science, Technology, Engineering, Arts and Math, or STEAM.
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From: MeNeedIt

Ray Phiri, a South African jazz musician who founded the band Stimela and became internationally known while performing on Paul Simon’s Graceland tour, died of cancer on Wednesday at age 70.

Phiri, a vocalist and guitarist known for his versatility in jazz fusion, indigenous South African rhythms and other styles, received many music awards in his home country. His death was met with nationwide tributes.

“He was a musical giant. This is indeed a huge loss for South Africa and the music industry as a whole,” President Jacob Zuma said in a statement.

Political parties also expressed condolences, saying Phiri’s songs resonated among many South Africans, particularly during the era of white minority rule that ended in 1994.

“An immensely gifted composer, vocalist and guitarist, he breathed consciousness and agitated thoughts of freedom through his music,” said the ruling African National Congress party, which was the main movement against apartheid until it took power in the country’s first all-race elections.

South Africa’s main opposition party, the Democratic Alliance, said many people grew up with Phiri’s music. “In the 1970s, Phiri’s music spoke to issues that are still affecting our people today,” the party said.

Stimela’s best-known albums include Fire, Passion and Ecstasy and Look, Listen and Decide, and Phiri contributed as a guitarist to Simon’s Graceland album in the 1980s. The album evolved from Simon’s interest in indigenous South African music.
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From: MeNeedIt

Maryam Mirzakhani, a Stanford University professor who was the first and only woman to win the prestigious Fields Medal in mathematics, has died. She was 40.

Mirzakhani, who battled breast cancer, died Saturday, the university announced. It did not indicate where she died.

In 2014, Mirzakhani was one of four winners of the Fields Medal, which is presented every four years and is considered the mathematics equivalent of the Nobel Prize. She was named for her work on complex geometry and dynamic systems.

“Mirzakhani specialized in theoretical mathematics that read like a foreign language by those outside of mathematics: moduli spaces, Teichmüller theory, hyperbolic geometry, Ergodic theory and symplectic geometry,” according to the Stanford press announcement. “Mastering these approaches allowed Mirzakhani to pursue her fascination for describing the geometric and dynamic complexities of curved surfaces — spheres, doughnut shapes and even amoebas — in as great detail as possible.”

The work had implications in fields ranging from cryptography to “the theoretical physics of how the universe came to exist,” the university said.

Mirzakhani was born in Tehran, Iran, and studied there and at Harvard University. She joined Stanford as a mathematics professor in 2008.

‘Heart-rending’ loss

Iran’s President Hassan Rouhani issued a statement Saturday praising Mirzakhani. “The grievous passing of Maryam Mirzakhani, the eminent Iranian and world-renowned mathematician, is very much heart-rending,” Rouhani said in a message that was reported by the Tehran Times.

Iran’s foreign minister, Mohammad Javad Zarif, said her death pained all Iranians, the Tehran Times reported.

“The news of young Iranian genius and math professor Maryam Mirzakhani’s passing has brought a deep pang of sorrow to me and all Iranians who are proud of their eminent and distinguished scientists,” Zarif posted in Farsi on his Instagram account. “I do offer my heartfelt condolences upon the passing of this lady scientist to all Iranians worldwide, her grieving family and the scientific community.”

Mirzakhani originally dreamed of becoming a writer but then shifted to mathematics.

When she was working, Mirzakhani would doodle on sheets of paper and scribble formulas on the edges of her drawings, leading her daughter to describe the work as painting, according to the Stanford statement.

Mirzakhani once described her work as “like being lost in a jungle and trying to use all the knowledge that you can gather to come up with some new tricks, and with some luck you might find a way out.”

Stanford President Marc Tessier-Lavigne called Mirzakhani a brilliant theorist who made enduring contributions and inspired thousands of women to pursue math and science.

Mirzakhani is survived by her husband, Jan Vondrák, and daughter, Anahita.
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From: MeNeedIt

Sweat rolled down the faces of women dressed in super hero costumes at the recent noon SoulCycle class in San Mateo, California.

Despite the thumping beat of the music, this was no routine workout. These Silicon Valley women were cycling as a protest, part of a response to an array of claims of gender inequity brought to light in recent months.

Travis Kalanick, the former chief executive of Uber, resigned from the company he co-created after women complained about the ride-hailing firm’s culture.

More recently, two prominent male venture capitalists left their roles after women complained about sexual harassment they experienced. Justin Caldbeck of Binary Capital resigned amid a sexual harassment scandal and Dave McClure of 500 Startups also stepped down after a New York Times article earlier this month described incidents of his sexual misconduct.

The controversies threaten to cast a shadow over a unique part of the U.S. tech industry – the startup ecosystem.

“There’s no glass ceiling when you start your own business,” shouted Tim Draper, a prominent venture capitalist and organizer of the event, before the cycling began. He wore a red cape and a Spider Man shirt. “You can paint it any color you want.”

The room cheered.

The venture capital industry, which finances startups, is predominantly run by men. Some Silicon Valley women say they have faced harassment when they sought financing.

“You pitch your idea and they go, ‘Oh that’s really interesting,’ and more like they were setting up dates,” said Wendy Dent, founder and chief executive of Cinemmerse, which makes an app for smartwatches.

Dent, a former model-turned tech entrepreneur, says she faced harassment during conversations with a would-be advisor. She struggled over how to respond.

“What was I going to do, go the police and say he sent me this email?” she said.

The willingness of more women to publicly come forward, including posting their experiences on social media, is making an impact, say some industry veterans. In the case of Uber, a female engineer went online to detail her experience, which included being propositioned by someone on her team. It was the financial backers of the firm who ultimately pressed for the ousting of the CEO.  

“We can use things like social media now, not just the courts, to communicate what we’re all seeing within the industry,” said Kate Mitchell, a venture capitalist.  

At the SoulCycle rally, Miranda Wang, chief executive of BioCellection, said attitudes about women in the industry are slowly changing.

“What we are doing now,” she said, “is making it something people have more awareness of.”

 
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From: MeNeedIt

President Donald Trump turned up the heat Friday on fellow Republicans in the U.S. Senate to pass a bill dismantling the Obamacare law, but with their retooled health care plan drawing fire within the party even one more defection would doom it.

Majority Leader Mitch McConnell has planned for a vote next week on revised legislation, unveiled on Thursday, and he has his work cut out for him in the coming days to get the 50 “yes” votes needed for passage. Republicans control the Senate by a 52-48 margin and cannot afford to lose more than two from within their ranks because of united Democratic opposition, but two Republican senators already have declared opposition.

“After all of these years of suffering thru Obamacare, Republican Senators must come through as they have promised,” Trump, who made gutting Obamacare one of his central campaign promises last year, wrote on Twitter from Paris, where he attended Bastille Day celebrations.

The top U.S. doctors’ group, the American Medical Association, on Friday called the new bill inadequate and said more bipartisan collaboration is needed in the months ahead to improve the delivery and financing of health care. Hospital and medical advocacy groups also have criticized the bill.

“The revised bill does not address the key concerns of physicians and patients regarding proposed Medicaid cuts and inadequate subsidies that will result in millions of Americans losing health insurance coverage,” AMA President Dr. David Barbe said, referring to the government insurance program for the poor and disabled.

A major test for McConnell’s legislation expected early next week is an analysis by the nonpartisan Congressional Budget Office, which last month forecast that the prior version of the bill would have resulted in 22 million Americans losing insurance over the next decade.

A day after that CBO analysis was issued, McConnell postponed a planned vote on the legislation because of a revolt within his own party, including moderates and hard-line conservatives.

While the bill’s prospects may look precarious, the same could have been said of health care legislation that ultimately was passed by the House of Representatives. Republican House Speaker Paul Ryan called off a vote in March in the face of a rebellion involving the disparate factions of the party, but managed to coax enough lawmakers to back it and engineered narrow approval on May 4.

Vice President Mike Pence sought to shore up support among the nation’s governors at a meeting in Rhode Island, but a key Republican governor, Ohio’s John Kasich, came out strongly against the revised bill, saying its Medicaid cuts were too deep and it does too little to stabilize the insurance market.

Alternative options

If the current Senate legislation collapses, some lawmakers have raised the possibility of seeking bipartisan legislation to fix parts of Obamacare but leaving intact the structure of the Affordable Care Act, Democratic former President Barack Obama’s signature legislative achievement, commonly known as Obamacare. “There are changes that need to be made to the law,” Dick Durbin, the No. 2 Senate Democrat, told MSNBC, citing “a bipartisan appetite to tackle this issue.”

Moderate Susan Collins and conservative Rand Paul already oppose the revised Senate bill. Other Republican senators have either expressed concern or remained noncommittal, including Rob Portman, Mike Lee, Shelley Moore Capito, John McCain, Dean Heller, John Hoeven, Lisa Murkowski, Jeff Flake, Ben Sasse, Cory Gardner, Todd Young and Thom Tillis. Republican Senators Lindsey Graham and Bill Cassidy floated an alternative plan.

The new version was crafted to satisfy the Republican Party’s various elements, including moderates worried about Americans who would be left without medical coverage and hard-line conservatives who demand less government regulation of health insurance.

Insurance groups balk

A provision championed by Republican Senator Ted Cruz and aimed at attracting conservatives would let insurers sell cheap, bare-bones insurance policies that would not have to cover broad benefits mandated under Obamacare.

But two major health insurance groups, America’s Health Insurance Plans and the Blue Cross Blue Shield Association, called on McConnell to drop the Cruz proposal, saying it would undermine protections for pre-existing medical conditions, raise insurance premiums and destabilize the individual insurance market.

The bill retained certain Obamacare taxes on the wealthy that the earlier version would have eliminated, a step moderates could embrace. But it kept the core of the earlier bill, including ending the expansion of Medicaid that was instrumental in enabling Obamacare to expand coverage to 20 million people, and restructuring that social safety-net program.

John Thune, a member of the Senate Republican leadership, said in order to complete work on the bill by the end of next week, Senate leaders would have to try to formally begin debate Tuesday or Wednesday, a move that requires a majority vote.
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From: MeNeedIt

Portland is well-known as a tree-hugging, outdoorsy city, but the river that powers through its downtown has never been part of that green reputation.  

For decades, residents have been repulsed by the idea of swimming in the Willamette River because of weekly sewage overflows that created a bacterial stew.

Now, the recent completion of a $1.4 billion sewage pipe has flushed those worries — and the river once shunned by swimmers is enjoying a rapid renaissance.

The city has partnered with a civic group called the Human Access Project to entice residents into the Willamette this summer with a roster of public swimming events and a flood of announcements that the river, finally, is safe for human use. The campaign is aimed at reversing the impact of decades of public health warnings in an eco-savvy city with a hard-earned green reputation.

The push mirrors efforts to revive ailing rivers in other U.S. cities, from the Charles River in Boston — where occasional city-sanctioned swimming started in 2013 — to the concrete-lined Los Angeles River, where efforts have been underway in recent years to reverse decades of environmental damage along an 11-mile (18-kilometer) stretch.

City’s largest public space

In Portland, the movement has clearly found its moment.

The river is the city’s largest public space, but less than 5 percent of the city’s footprint has access to the waterfront, said Willie Levenson, who heads the Human Access Project and is working closely with Portland to expand swimming options.

Beaches in other communities along the river attract crowds, but swimmers in downtown Portland have nowhere to dive in despite increasing demand. Since the completion of the sewage control project in 2011, swimmers have been congregating on a floating esplanade for bikers and runners and sneaking onto city docks reserved for fire boats.

“We cannot pretend that swimming isn’t happening in downtown Portland anymore. It’s a livability issue, and Portland cares about livability,” Levenson said. “It’s time for our community to stop making jokes about our river and start digging in and looking to make a difference.”

Mayor a willing partner

The Human Access Project has been working for several years to generate interest in the Willamette and has found a willing partner in new Mayor Ted Wheeler.

This week, a new beach with lifeguards and safety ropes opened on the city’s south waterfront, within walking distance of hipster-friendly cafes and shops.

An inner tube river parade planned by the Human Access Project for this weekend is expected to attract several thousand participants, and members of a river swim group cross the Willamette several times a week in fluorescent green swim caps bearing the name River Huggers.

 Wheeler, himself a swimmer, laid out a multipoint plan for increasing access to the river earlier this year and plans to swim the river later this month with 500 residents in the inaugural “mayoral swim.” The city hopes to open two more beaches in coming years, install floating docks along the riverbank and place public restrooms, picnic benches, umbrellas and showers on site.

In a recent state-of-the-city address, Wheeler even spoke of one day eliminating Interstate 5 where it snakes along the Willamette’s east bank to improve river access.

“We have a chance to reshape the face of our city,” he said. “I also believe we have a chance to reshape our spirit.”

Warnings are now few, fair between

 Portland’s relationship with the Willamette River hasn’t always been easy to navigate.

For decades, the river was considered a watery highway, and industrial pollution severely contaminated its waters. This winter, after a 16-year wait, federal environmental officials released a plan to clean a 10-mile (16-kilometer) stretch near its confluence with the Columbia River in a project that will take decades of work and billions of dollars.

But in the heart of Portland, the primary problem has been human excrement. Residents grew accustomed to seeing near-weekly warnings about water quality during the winter rainy season, where even one-tenth of an inch (2.5 millimeters) of rain could trigger overflows.

Now, the city issues just a handful of warnings in winter and none during the peak swimming months of July and August, said Diane Dulken, spokeswoman for Portland’s Bureau of Environmental Services. Testing at sites where people are already using the river show the water is safe, she added.

“We are really making a push to publicize our weekly testing because there is absolutely still a public perception out there, ‘I will not go in the river.’”

Swimmer takes a chance

On a recent blazing afternoon, Portland resident Alex Johnson was ready to take the city at its word.

The 24-year-old swim teacher and lifeguard began diving into the Willamette with the River Huggers swim group this month.

On this day, he joined 30 others as they swam from the Hawthorne Bridge to the Morrison Bridge — through Portland’s bustling business district — and back in the 70-degree (21 Celsius) water. Teenagers lounged like harbor seals on a nearby dock and jet skis zipped by as the swimmers completed the more than half-mile (0.8-kilometer) journey.

“I’ve heard stories that it’s pretty polluted. It tastes a little funny, but it is river water,” Johnson said. “It’s a huge resource, and we don’t take advantage of it — and it feels great.”

 
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From: MeNeedIt

“Don’t go to the pub tonight,” Irish pop musician Bob Geldof pleaded in the months leading up to Live Aid, the world’s biggest concert that took place on two continents, included 72 rock bands, and raised an estimated $125 million to feed starving Ethiopians caught in a historically severe famine.

“Please, stay in and give us the money,” Geldof said 32 years ago. “There are people dying now, so give me the money.”

The pictures of skeletal and dazed, malnourished children gathering in Ethiopian camps set up by aid agencies were alarming. In a 1984 report, BBC broadcaster Michael Buerk described the scene as “the closest thing to hell on Earth.”

​Geldof went to see for himself. In 1984, he organized “Band Aid,” writing and recording the single “Do They Know It’s Christmas,” and ended up raising about $10 million in famine relief.

The song also became a hit in the United States, prompting “We Are the World,” a song written by Michael Jackson and Lionel Ritchie.

Inspired by the success of Band Aid and with no end in sight to the famine, Geldof decided to expand the project, coming up with a total rethink on charitable giving.

Why not, he asked himself, turn to his circle of wealthy rock ‘n’ roll pop stars to perform in a worldwide fundraising concert?

​It was the 1980s; it was the era of cable music channel MTV; digital entertainment didn’t exist. Given all that, Geldof’s vision was astoundingly ambitious — in fact, seemingly impossible.

The event was held on July 13, 1985, simultaneously in London’s Wembley Stadium and Philadelphia’s JFK Stadium, raising more than $104 million that day. According to Billboard, an unprecedented 1.9 billion people watched the event live on television. Among the acts: Queen, Led Zeppelin, The Who, David Bowie, Madonna, Phil Collins, Sting, U2, Dire Straits, The Cars. The list goes on and on.

​Aftermath

The emotional high of Live Aid — its newness, its success in raising so much money to help the starving in Ethiopia — did not come without criticism.

Several reports, including an investigation by Spin magazine and The Daily Mail newspaper, claimed some of the money intended to feed the hungry ended up in the hands of Ethiopian dictator Mengistu Haile Mariam.

Geldof denied all the accounts.

“Produce one shred of evidence, one iota of evidence, and I promise you I will professionally investigate it,” Geldof is quoted in the Mail report. “I will sue the Ethiopian government, who were the rebels at the time, if there is any money missing, for that money back now.”

 
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From: MeNeedIt

The White House said Friday that worsening tax revenues would cause the budget deficit to jump to $702 billion this year. That’s a $99 billion spike from what was predicted less than two months ago.

The report from the Office of Management and Budget came on the heels of a rival Congressional Budget Office analysis that scuttled White House claims that its May budget, if implemented to the letter, would balance the federal ledger within 10 years. The OMB report doesn’t repeat that claim and instead provides just two years of updated projections.

The White House budget office also said the deficit for the 2018 budget year that starts on October 1 would increase by $149 billion, to $589 billion. But lawmakers are already working on spending bills that promise to boost that number even higher by adding to President Donald Trump’s Pentagon proposal and ignoring many of his cuts to domestic programs.

Last year’s deficit registered $585 billion.

The White House kept the report to a bare-bones minimum and cast blame on “the failed policies of the previous administration.”

“The rising near-term deficits underscore the critical need to restore fiscal discipline to the nation’s finances,” said White House budget director Mick Mulvaney. “Our nation must make substantial changes to the policies and spending priorities of the previous administration if our citizens are to be safe and prosperous in the future.”

In late May, Trump released a budget plan proposing jarring cuts to domestic programs and promising to balance the budget within a decade. But the CBO said Trump relied on rosy predictions of economic growth to promise a slight surplus in 2027.

Trump’s budget left Social Security retirement benefits and Medicare alone, though House Republicans are poised next week to again propose cutting Medicare as they unveil their nonbinding budget outline.

Trump’s budget predicted that the U.S. economy would soon ramp up to annual growth in gross domestic product of 3 percent; CBO’s long-term projections predict annual GDP growth averaging 1.9 percent.
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From: MeNeedIt