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January 2023

Crazy Optimism About China’s Economy by Gordon G. Chang

https://www.gatestoneinstitute.org/19369/china-economy

Stocks may soar for a while, but China’s economy is far sicker than analysts assume.

First, China’s disease statistics are questionable.

Beijing is asking the world to believe that SARS-CoV-2, the pathogen causing this disease, is behaving differently in China than it has in all other parts of the world.

Second, even if China were over Covid as the regime maintains, the economy is still plagued by its over-dependence on property, which accounts for almost 30% of GDP.

“The property sector downturn is hard-wired into the first half of 2023,” reported the Rhodium Group last month, in an analysis on China’s economic prospects.

Fourth, the regime during the pandemic did almost nothing to remedy the principal structural flaw in the Chinese economy: the overreliance on government spending.

China is not going to have a good 2023 or a good 2024. Foreigners are going to lose money in China again.

China’s propagandists tell us the Chinese economy this year will “accelerate to 4.8%.” Foreign analysts are even more bullish. Goldman Sachs estimates growth of gross domestic product of 5.5%.

Not Seeing Clearly The VA wants to allow optometrists to perform some surgical procedures on veterans. Henry I. Miller

https://www.city-journal.org/veterans-admin-unwise-laser-eye-surgery-policy

The Department of Veterans Affairs is the federal government’s second-largest department. As of 2021, it operated approximately 1,600 health-care facilities, 144 medical centers, and 1,232 outpatient sites, of varying complexity. The VA has long been plagued by a wide spectrum of problems, including long delays in scheduling appointments, substandard care, and years of trying to get a $10 billion electronic system to work effectively.

As a veteran myself (I have never received medical care through the VA, though I did numerous medical school clinical rotations at a VA hospital), I know that veterans deserve better. And yet, the VA seems to be committed to a change in policy that would further degrade the quality of their care—specifically, by allowing underqualified practitioners to perform laser eye surgery.

Last September, the VA modified its eye-care guidelines for treatment from community providers by letting optometrists, who are neither medical doctors nor surgeons, perform some surgical procedures. Without soliciting input from the public or medical community, it removed language from the Community Care guideline, which had ensured that “only ophthalmologists can perform invasive procedures, including injections, lasers and eye surgery.” This change would permit optometrists to perform surgical procedures such as laser trabeculoplasty—an operation on the eye to treat glaucoma—rather than restricting them to ophthalmologists (who are highly trained, experienced, qualified surgeons), as had been the policy. The change would be felt immediately in a small number of states that already allow optometrists to perform laser surgery. But the VA is considering a broader policy change that would make it possible for optometrists in all VA facilities to perform these procedures.

The differences in the amount of training and the scope of competence between optometrists and ophthalmologists are vast. Ophthalmologists log over 17,000 hours of clinical experience in general medicine, surgery, and emergency management during medical school and specialized postgraduate training.

Are ‘The Walls Closing In’ on Joe Biden? New Details Raise Questions By Matt Margolis

https://pjmedia.com/news-and-politics/matt-margolis/2023/01/29/are-the-walls-closing-in-on-joe-biden-new-details-raise-questions-n1666036

According to a story published on Saturday, the scope of Joe Biden’s classified documents scandal may be bigger than previously thought. Sources close to the investigation say in addition to classified documents, the FBI also seized notebooks from Biden’s Wilmington, Del., home, which were reportedly written by Biden while he was vice president.

“The notebooks were seized because Biden’s notes on some of the pages relate to his official business as vice president, including details of his diplomatic engagements during the Obama administration, and may refer to classified information, this same person said, adding that the notebooks do not have classified markings on them, but some of the handwritten notes inside them could be considered as such given their sensitive content,” NBC News reported. “Other pages in the notebooks, while they may not contain potentially classified information, could still be considered government property under the Presidential Records Act because they pertain to official business Biden conducted as vice president, according to the person familiar with the investigation.”

According to Jason R. Baron, a former director of litigation at the National Archives, if Biden shared the notes with staff while he was vice president, they would be considered official records belonging to the government.

$60 Billion In COVID Fraud? Try $4 Trillion

https://issuesinsights.com/2023/01/30/60-billion-in-covid-fraud-try-4-trillion/

As auditors and congressional investigators try to figure out just how much federal COVID relief went to fraudsters, they are missing the trillions of dollars in fraud committed by the federal government itself in a war that we had no chance of winning.

Last week, the Government Accountability Office reported that fraudsters took in about $60 billion in unemployment checks. That’s on top of the tens of billions in fraudulent claims made through the Paycheck Protection Program, the tens of billions handed out through a Small Business Administration program, and on and on.

This Wednesday, the House Committee on Oversight and Accountability will hold a hearing “to investigate rampant waste of taxpayer dollars in COVID relief programs.”

Rep. James Comer, R-Ky., the chairman of the committee, said “we owe it to Americans to identify how hundreds of billions of taxpayer dollars spent under the guise of pandemic relief were lost to waste, fraud, abuse, and mismanagement.”

That’s all well and good. But what we really need is an investigation into how the war against COVID wasted trillions of taxpayer dollars, imposed massive disruptions, handicapped millions of students, and probably didn’t save many, if any, lives.

That sort of investigation, if done honestly, would likely conclude that we would have been better off if we’d done nothing at all beyond asking people to wash their hands and stay home if they’re sick.

Shocking? Impossible to believe? Let’s review the evidence.

Start with the fact that since COVID-19 first landed on U.S. shores three years ago, 1.1 million have died from the virus, according to the Centers for Disease Control. Even now, deaths are averaging around 4,000 per week.

Medical Schools Bail on Academic Merit and Intellectual Rigor Some refuse to be ranked by U.S. News, which weighs test scores and grades rather than diversity. By Ira Stoll

https://www.wsj.com/articles/medical-schools-bail-on-academic-merit-and-intellectual-rigor-us-news-rankings-diversity-equity-inclusion-race-students-11675005330?mod=opinion_lead_pos7

To see how the diversity, equity and inclusion mania is colliding with meritocracy in American higher education, pay attention to the flap over graduate schools pulling out of the U.S. News rankings. Readers who aren’t applying to medical school may have missed the controversy. But anyone who plans on seeing a doctor or benefiting from research or treatment at an academic medical center has an interest in the outcome.

So far, U.S. News has resisted demands from the graduate schools to base the rankings on equity rather than on the grades and test scores of incoming students. U.S. News has been transparent about the method it uses for its rankings, including factors such as a reputation survey, MCAT scores and grade point averages of incoming students.

The medical schools have been similarly clear about why they disagree with the U.S. News method and will stop participating. The Icahn School of Medicine at Mount Sinai, in a Jan. 24 statement, said the U.S. News rankings undermine the school’s “commitment to anti-racism” and “outreach to diverse communities.”

“Diversity, equity and inclusion are important factors in our decision,” the school’s deans, Dennis Charney and David Muller, said. “We believe that the quality of medical students and future physicians is reflected in their lived experiences, intersecting identities, research accomplishments, commitment to social and racial justice, and a set of core values that are aligned with those of our school.”

Biden’s Green-Energy Mineral Lockup The feds block mining that is essential for making EV batteries.

https://www.wsj.com/articles/biden-administration-mining-duluth-complex-minnesota-superior-national-forest-deb-haaland-electric-vehicles-11674860178?mod=opinion_lead_pos1

The Biden Administration is heavily subsidizing electric vehicles, but at the same time it is blocking mineral projects needed to produce them. Another example of this head-scratching contradiction came Thursday when Interior Secretary Deb Haaland walled off much of Minnesota’s Superior National Forest from mining.

Minnesota’s Duluth Complex has one of the world’s largest undeveloped mineral deposits, including copper, nickel and cobalt that are needed in vast quantities for EV batteries. Ms. Haaland is assuring the deposit stays undeveloped by signing an order withdrawing more than 225,000 acres in the Superior National Forest from mining for two decades.

The order says the withdrawal is necessary to protect “fragile and vital social and natural resources” as well as the “traditional cultural values” and “subsistence-based lifestyles” of Native American tribes. But mining needn’t compromise these other interests, and individual mining projects must undergo rigorous federal environmental reviews.

Ms. Haaland is dancing to the tune of green lobbyists who want to keep minerals in the ground as they do fossil fuels. She’s making their job easier by pre-emptively vetoing projects. Now federal agencies won’t have to conduct laborious environmental reviews for proposed mines, and greens won’t have to sue to block them. How politically efficient.

New Israel Fund accused of tax scheme—report The NIF is incorporated as a foreign company in Israel and therefore its Israeli donors aren’t entitled to tax benefits. David Isaac

https://www.jns.org/new-israel-fund-suspected-of-tax-fraud-report-says/

New research suggests that the New Israel Fund (NIF) directed donors to make contributions through another NGO so that they could claim tax benefits, an apparent violation of Israeli law.

Research by Ad Kan and Lavi, first reported by journalist Elhanan Gruner of online Israeli news site HaKol HaYehudi on Tuesday, indicates that NIF may have acted fraudulently, telling its donors to give money through an NGO called “Signing Anew.”

As the NIF is incorporated in Israel as a foreign company, its Israeli donors aren’t entitled to tax benefits. According to article 46a of Israel’s Income Tax Ordinance, only donors giving to recognized public institutions under the article are entitled to such benefits.

HaKol HaYehudi reported that about a month ago, the NIF held an end-of-year fundraising campaign. According to the NIF, the campaign raised 2,300,000 shekels (~$683,199). Unable to offer tax benefits to donors itself, according to the report, NIF directed major contributors to Signing Anew, which is registered as an eligible association under article 46a. Text conversations that came into the possession of Hakol HaYehudi appear to show NIF personnel directing donors in real-time as they made donations through Signing Anew.

When one donor wanted to understand how Signing Anew would know that his donation was intended for the New Israel Fund, he was allegedly told that all funds that went to Signing Anew would ultimately be part of a grant from Signing Anew to NIF.

Terror in Jerusalem, PLO flags in Tel Aviv By Ruthie Blum

https://www.jns.org/opinion/terror-in-jerusalem-plo-flags-in-tel-aviv/

 Neither the terrorist slaughter of seven Jewish worshipers and the wounding of three others in Jerusalem’s Neve Yaakov neighborhood, nor the near-fatal shooting the following morning of a father and son at the entrance to the City of David National Park in the Israeli capital, prevented the anti-government protests from proceeding as scheduled.

Lest they lose an inch of their self-claimed moral high ground, however, those who came out in disputed numbers for the fourth Saturday night in a row—ostensibly to decry Justice Minister Yariv Levin’s plans to overhaul the judiciary—kicked off their demonstrations with a moment of silence for the victims.

Given the personal and national tragedy of the previous 24 hours, the gesture was warranted. Still, nixing the rallies would have been far more appropriate under the circumstances.

Organizers reportedly considered this option, but decided against it. That the Knesset Constitution, Law and Justice Committee was set on Sunday to step up discussions on judicial-reform legislation tipped the scales in favor of virtue signaling in town squares.

As if that weren’t bad enough, the business-as-usual spectacle that followed the 60-second acknowledgement of the occasion was abhorrent. Participants prancing around bemoaning a concocted danger—the so-called “death of Israeli democracy” at the hands of Prime Minister Benjamin Netanyahu’s coalition—made a mockery of the actual mass murder of innocents.

OpinionCommentary Israel’s Proposed Judicial Reforms Aren’t ‘Extreme’ They’ll provide a necessary check on a court with nearly unlimited power to dictate economic and political life. By Richard A. Epstein and Max Raskin

https://www.wsj.com/articles/israels-proposed-judicial-reforms-arent-extreme-economists-credit-rating-balances-knesset-politics-standing-11675014190?mod=opinion_lead_pos11

Hundreds of Israeli economists signed an “emergency letter” on Jan. 25 warning that Prime Minister Benjamin Netanyahu’s proposed judicial reforms will lead to economic calamity for the country. The authors worry about putting “great political power in the hands of a ruling group without strong brakes and balances.”

This statement is notable for two reasons. First, many of these economists supported political parties that opposed Mr. Netanyahu’s free-market reforms while he was finance minister from 2003 to 2005. These reforms have allowed the country’s economy to boom for almost two decades. Second, Israel’s unelected Supreme Court—not the Knesset, its elected parliament—is the branch of government that actually holds unchecked political power. Rather than endangering economic growth, these proposed judicial reforms provide a necessary check on the one court in the Western world with nearly unlimited power to dictate economic and political life.

The economists mischaracterize Mr. Netanyahu’s proposed reforms as an attack on the independence of the judiciary. But judicial independence does not mean a judiciary independent from constraints. As it stands, the Israeli Supreme Court’s dominance over the Knesset is unrivaled by any other parliamentary or presidential system.

Compare the U.S. legal system, the preferred forum of the global economy, with the Israeli system. In Israel, judges are appointed by a committee that consists of three unelected Supreme Court judges, two unelected lawyers from the bar association, and only four legislators and members of the government. In contrast, in the U.S. the president appoints judges to federal courts subject to confirmation by the Senate. These judges have the power to strike down laws, but they are guided by a written constitution. Israel has no formal constitution and so its judges are guided by their own judgments and the quasi-constitutional “Basic Laws,” which the Israeli Supreme Court itself can strike down. The American political-question doctrine counsels judges to stay out of economic and political affairs. This has not harmed the U.S.’s standing as an economic powerhouse. Israel’s judges, on the other hand, can strike down everything from military strategy to energy policy to trade agreements.

Biden Administration’s Total Disregard for Iran’s Protestors, Nuclear Threat by Majid Rafizadeh

https://www.gatestoneinstitute.org/19343/iran-nuclear-threat

Iran’s mullahs have made significant advances by tripling their nuclear program’s capacity to enrich uranium to 60%, a short step away from the 90% purity required to build a nuclear weapon.

Iran is selling Russia drones and other material; is Russia “paying” for them by helping the mullahs complete their nuclear weapons undertaking?

Just last week, the US Department of State declared Iran the “world’s leading sponsor of terrorism.” This is the same State Department that had allowed the mullahs to brutally crack down on and kill their own people, deliver drones and other deadly weapons to their ally Russia; freely increase their influence in Latin America, and rapidly advance their nuclear weapons program. What will it take for the Biden administration finally to help the young men and women of Iran who have been fighting so hard for their freedom?

Since the Biden administration assumed office, Iran’s ruling mullahs have seized the opportunity to continuously advance their nuclear program, which is currently a short step away from manufacturing nuclear weapons.

Iran’s mullahs have made significant advances by tripling their nuclear program’s capacity to enrich uranium to 60%, a short step away from the 90% purity required to build a nuclear weapon.

Zohar Palti, the former head of the Israeli Defense Ministry’s political-military bureau and former intelligence director in the Mossad, recently stated: “They [the Iranian leaders] are days or weeks away from enriching uranium to 90 percent, which is military-grade”.