College Students: Doing Tequila Shots on Cinco de Mayo Is Cultural Appropriation

SombreroThe editorial board of The California Aggie—the University of California-Davis’s student newspaper—has a message for people who want to celebrate Cinco de Mayo by donning sombreros and doing tequila shots: don’t. It’s cultural appropriation. 

“A sombrero is not a fashion accessory and neither is a culture,” wrote the students. “There are other days of the year to get blackout drunk. Cinco de Mayo is not one of them.” 

Meanwhile, President Obama held a Cinco de Mayo-themed press conference today. He wished everyone a happy “fiesta” and bragged that his current chef knew the best taco and margarita recipes. 

Indeed, when it comes to Cinco de Mayo, it’s something of a challenge trying to distinguish insensitive appropriation of Latino culture from respectful celebration. Even the ReclaimCinco hashtag, which purports to encourage racially sensitive revelry, betrays some contradictions on the subject. Are sombreros okay, as long as they aren’t party-store sombreros? If you are aware that Mexico defeated the French army on May 5, 1862, are you allowed to drink? Are Cinco de Mayo theme parties okay? What if the party has no official theme but people bring tequila? What if it is themed but includes an authentic mariachi band? What if Chipotle caters? 

It’s certainly true that some people betray racism and insensitivity toward Mexican people. (The likely GOP presidential nominee is a great example, although it’s his immigration policies that give offense, not his afternoon taco bowl.) But appropriating items from other cultures should not be viewed as automatically offensive, if it is done respectfully and without malice. 

“I think you’ve all earned a few margaritas,” said President Obama at his Thursday afternoon press conference. When the president of the United States is more down to party than the typical college student, campus political correctness as it relates to cultural appropriation has truly gone too far. 

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Speaker Ryan Ditches Donald: “Just Not Ready To Support Trump”

So much for Reince Priebus’ urging the party to unify around the presumptive Republican nominee. Speaker Paul Ryan said he was “just not ready” to support or endorse Donald Trump as the GOP nominee during an interview with CNN, laying “the bulk of the burden for unifying the party” at Trump’s feet

“To be perfectly candid with you … I’m just not ready to that at this point. I’m not there right now,”

 

“I hope to though and I want to. But what is required is to unify this party. And the bulk of the burden on unifying the party will have to come from our presumptive nominee.

 

“At this point I’m not ready to jump in, but I hope we can get there.”

 

 

As The Hill reports,

The remarks from Ryan underscore the divide within the GOP over Trump’s impending nomination, and leave the Republican Party’s presumptive nominee without the endorsement of the party’s highest office holder.

 

Senate GOP Leader Mitch McConnell (R-Ky.) backed Trump on Wednesday, but other party heavyweights have failed to rally around Trump as some Republicans insist they will never support the billionaire.

 

Former Sen. Robert Dole (Kansas) as of now is the only former GOP presidential nominee planning to go to the Republican convention this summer. 

 

The comments from Ryan immediately stoked speculation that Ryan himself is interested in a future run for the White House.

*  *  *

The Speaker has criticized Trump’s call for a ban on Muslims entering the United States, and also criticized violence that has broken out at Trump events. Trump and Ryan also are at odds on a host of policy issues, including trade. On Wednesday, Trump also criticized any efforts by House Republicans to provide a debt relief plan for Puerto Rico, an issue Ryan has championed.

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Paul Ryan Says He Can’t Support Donald Trump, At Least Not Right Now

Speaker of the House Paul Ryan, who will serve as the chairman of the Republican National Convention in July, says he cannot support Donald Trump for president—at least not yet. 

The statement by Ryan, who was the party’s 2012 vice presidential nominee, indicates just how divisive Trump remains within his own party, even as he has become the GOP’s presumptive nominee. And it represents a turn, of sorts, for Ryan, who, despite delivering several blistering implicit criticisms of Trump’s comments throughout the campaign, has previously said that he planned to support the GOP nominee, whoever that person is. 

Asked directly by CNN’s Jake Tapper this afternoon, Ryan said, “Right now, no. There’s some work to be done here.”

What, specifically, caused Ryan to withhold his support? The Speaker declined to specify, saying, “I don’t want to go back and roll the tape.”

But over the last several months, Ryan has issued a number of statements starkly critical of positions that Trump has taken, although he has never criticized Trump directly, by name.

Instead, Ryan insisted that Trump needed to unify the party, and to become a standard bearer for Trump’s ideas. And he suggested that Trump’s success should cause GOP leaders to react with some humility, saying that Trump “tapped into something that was very powerful, and people are sending a message to Washington that we need to learn and listen to.” 

Still, Ryan left himself plenty of wiggle room to come around to supporting Trump at some later point. Although he repeatedly refused to support Trump during the interview, he always qualified that he was declining to support Trump at the moment. Obviously, he’s leaving open the possibility that he’ll change his mind. Indeed, he hinted that he was hoping he would be able to endorse Trump. 

I suspect that, before too long, he’ll fall in line behind the GOP nominee. With its qualifiers and its hopeful tone, this played more like an attempt to influence the Trump campaign, to push it in the direction that Ryan would prefer, than a prelude Ryan’s eventual refusal to back Trump. 

He didn’t leave himself many alternatives, ruling out, again, his own run for president—or support for the Democratic nominee. “No Republican should ever think about supporting Clinton,” he said, “let me make that clear.” 

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Trump Mulls Support for Minimum Wage Hike, Former Ron Paul Aides Convicted, Turkey Prime Minister Stepping Down: P.M. Links

  • Donald TrumpToday in Donald Trump reversals: He’s open to raising the minimum wage, an idea he opposed during the primary debates.
  • Sen. Rand Paul (R-Ky.) says he will support Trump as the nominee, keeping his stated promise to support the primary winner, whoever it was.
  • Three former aides in Ron Paul’s 2012 presidential campaign have been found guilty of corruption for hiding a payment to an Iowa state senator in exchange for an endorsement.
  • Criminal charges have been dropped in the case of the Arizona high school football player who exposed himself as a prank in a yearbook photo that was published. He faced dozens of charges of indecent exposure, but police said the parties involved (his fellow football players) did not want prosecution.
  • A Trump-supporting tow truck driver reportedly refused to provide his services to a stranded motorist in North Carolina because she had a Bernie Sanders bumper sticker.
  • Turkey’s Prime Minister Ahmet Davutoglu announced he’s stepping down, permitting President Tayyip Erdogan to consolidate his power further.
  • The lawmaker responsible for orchestrating the impeachment of Brazilian President Dilma Rousseff has been ordered to step down to face corruption charges.

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An Open Letter To Those Disappointed By ‘Both’ US Presidential Candidates

AN OPEN LETTER TO MAJORITY AMERICA

 TO: Those who think both leading presidential candidates are dishonest and have little chance of leading America forward:

(…or, stated more simply)

TO: The majority of America:

Note: If you are one of those rare souls who genuinely believe Hillary Clinton and Donald Trump are honorable people – if they are the role models you want for your kids – then this letter is not for you. Instead, this letter is for the majority of Americans who wonder why the nation that put a man on the moon can’t find a healthy leader who can take us forward together.

I want to tell you about four unsolicited conversations from the Fremont Wal-Mart this morning:

**Retired union Democrat meat-packer: “What the heck is wrong with that city where you work? Why can’t they give us a normal person? Is it really so hard?”

 

Me: “Actually, it is for them – because most people in DC buy the nonsense that DC is the center of the world. You and I, despite our party differences, both agree that Fremont is the center.”

 

Union Democrat (interrupting): “…Because this is where my grandkids are.”

 

**Young evangelical mom: “I want to cry. I disagree with Hillary Clinton on almost every single thing – but I will vote for her before Trump. I could never tell my kids later that I voted for that man.”

 

**Middle-aged Republican male (more political than the other folks):  “It feels like the train-car to hell is accelerating. Why is DC more filled with weirdos and yet more powerful at the same time? How do we slow this down long enough to have a conversation about actually fixing our country?”

 

**Trump supporter (again, unsolicited):  “Please understand: I’m going to vote for him, but I don’t like him. And I don’t trust him – I mean, I’m not stupid. But how else can I send a signal to Washington?!”

I’ve ignored my phone most of today, but the voicemail is overflowing with party bosses and politicos telling me that “although Trump is terrible,” we “have to” support him, “because the only choice is Trump or Hillary.”

This open letter aims simply to ask “WHY is that the only choice?”

Melissa and I got the kids launched on homework, so I’ve been sitting out by the river, reflecting on the great gap between what folks in my town are talking about, and what folks in the DC bubble are talking about.
I trust the judgment of this farm town way more than I trust DC. And so I’d like to share a dozen-ish observations on these Wal-Mart and other conversations today:

1. Washington isn’t fooling anyone — Neither political party works. They bicker like children about tiny things, and yet they can’t even identify the biggest issues we face. They’re like a couple arguing about what color to paint the living room, and meanwhile, their house is on fire. They resort to character attacks as step one because they think voters are too dumb for a real debate. They very often prioritize the agendas of lobbyists (for whom many of them will eventually work) over the urgent needs of Main Street America. I signed up for the Party of Abraham Lincoln — and I will work to reform and restore the GOP — but let’s tell the plain truth that right now both parties lack vision.

2. As a result, normal Americans don’t like either party. If you ask Americans if they identify as Democrat or Republican, almost half of the nation interrupts to say: “Neither.”

3. Young people despise the two parties even more than the general electorate. And why shouldn’t they? The main thing that unites most Democrats is being anti-Republican; the main thing that unites most Republicans is being anti-Democrat. No one knows what either party is for — but almost everyone knows neither party has any solutions for our problems. “Unproductive” doesn’t begin to summarize how messed up this is.

4. Our problems are huge right now, but one of the most obvious is that we’ve not passed along the meaning of America to the next generation. If we don’t get them to re-engage — thinking about how we defend a free society in the face of global jihadis, or how we balance our budgets after baby boomers have dishonestly over-promised for decades, or how we protect First Amendment values in the face of the safe-space movement – then all will indeed have been lost. One of the bright spots with the rising generation, though, is that they really would like to rethink the often knee-jerk partisanship of their parents and grandparents. We should encourage this rethinking.

5. These two national political parties are enough of a mess that I believe they will come apart. It might not happen fully in 2016 – and I’ll continue fighting to revive the GOP with ideas — but when people’s needs aren’t being met, they ultimately find other solutions.

6. In the history of polling, we’ve basically never had a candidate viewed negatively by half of the electorate. This year, we have two. In fact, we now have the two most unpopular candidates ever – Hillary by a little, and Trump by miles (including now 3 out of 4 women – who vote more and influence more votes than men). There are dumpster fires in my town more popular than these two “leaders.”

7. With Clinton and Trump, the fix is in. Heads, they win; tails, you lose. Why are we confined to these two terrible options? This is America. If both choices stink, we reject them and go bigger. That’s what we do.

8. Remember: our Founders didn’t want entrenched political parties. So why should we accept this terrible choice?

9. So…let’s have a thought experiment for a few weeks: Why shouldn’t America draft an honest leader who will focus on 70% solutions for the next four years? You know…an adult?

(Two notes for reporters: **Such a leader should be able to campaign 24/7 for the next six months. Therefore he/she likely can’t be an engaged parent with little kids.
**Although I’m one of the most conservative members of the Senate, I'm not interested in an ideological purity test, because even a genuine consensus candidate would almost certainly be more conservative than either of the two dishonest liberals now leading the two national parties.)

10. Imagine if we had a candidate:

…who hadn’t spent his/her life in politics either buying politicians or being bought
…who didn’t want to stitch together a coalition based on anger but wanted to take a whole nation forward
…who pledged to serve for only one term, as a care-taker problem-solver for this messy moment
…who knew that Washington isn’t competent to micromanage the lives of free people, but instead wanted to SERVE by focusing on 3 or 4 big national problems, such as:

A. A national security strategy for the age of cyber and jihad;

 

B. Honest budgeting/entitlement reform so that we stop stealing from future generations;

 

C. Empowering states and local governments to improve K-12 education, and letting Washington figure out how to update federal programs to adjust to now needing lifelong learners in an age where folks are obviously not going to work at a single job for a lifetime anymore; and

 

D. Retiring career politicians by ending all the incumbency protections, special rules, and revolving door opportunities for folks who should be public “servants,” not masters.

This really shouldn’t be that hard.

The oath I took is to preserve, protect, and defend the Constitution. In brief, that means I’m for limited government.

And there is no reason to believe that either of these two national frontrunners believe in limiting anything about DC’s power.

I believe that most Americans can still be for limited government again — if they were given a winsome candidate who wanted Washington to focus on a small number of really important, urgent things — in a way that tried to bring people together instead of driving us apart.
I think there is room – an appetite – for such a candidate.

What am I missing?

More importantly, what are the people at the Fremont Wal-Mart missing?

Because I don’t think they are wrong. They deserve better. They deserve a Congress that tackles the biggest policy problems facing the nation. And they deserve a president who knows that his or her job is not to “reign,” but to serve as commander-in-chief and to “faithfully execute” the laws – not to claim imperial powers to rewrite them with his pen and phone.

The sun is mostly set on the Platte River — and the kids need baths. So g’night.

Via Nebraska Senator Ben Sasse

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Sinko Day Stocko – Crude Pump’n’Dump Leads Trannie Slump

Come on, we had to…

 

Yet again, VIX was slammed to keep the S&P 500 off the red line for 2016 losses…

 

And while Trannies tumbled, Nasdaq, Dow, and S&P was desperately held at unch for as long as possible…

 

Once again futures show the exuberant efforts overnight to keep the dead cat alive…

 

But on the week, it's all red…

 

Tesla was a bloodbath… afte running stops immediately after the earnings announcement…

 

HYG (high yield bond ETF) tumbled for the 4th day closing below its 200-day moving average…

 

After the biggest outflows on record…

 

Treaury yields fell notably today…

 

Another day of US Dollar strength…

 

Commodities all drifted lower by the close on the heels of USD strength but most notably the chaotic pump and dump in crude…

 

Crude ripped on Canada headlines (and Libya) but reality set in as the Monday stops were run…

 

Copper continues to get clubbed as China's bubble bursts…

 

And finally…

 

Charts: Bloomberg

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Medical Error is Third Leading Cause of Death – Estimated at 250,000 Annually

This certainly isn’t a comforting statistic.

From Bloomberg:

After heart disease and cancer, medical errors kill more Americans than anything else, claiming a quarter of a million lives a year, according to a study by researchers at Johns Hopkins University.

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Warning Signs

Submitted by Lance Roberts via RealInvestmentAdvice.com,

Housing Recovery – Not So Much

“Everyone wants a house, and that’s a big problem.

 

We’ve noted in the past that there is a substantial issue in the housing market right now. Too few homes are being built for the number of people that want to move into them, thus driving up prices and keeping some lower-end or first-time buyers out of the market.

It is quite amazing that amount of optimism surrounding the housing market which has yet to recover substantially from post-financial crisis lows given the exorbitant amount of monetary stimulants injected into it.

The chart below shows the Total Housing Market Activity Index which is a composite of new and existing home sales, permits and starts. Yes, housing has recovered, but remains well below levels seen in 1999.

Housing-TotalActivity-Index-050416

But let’s not let a trivial matter of data get in the way of a good story.

“Meanwhile, according to the Conference Board, although the share of households planning on buying a home in the next six months ticked down in April to 5.4%, that is significantly above the average of 3.6% recorded since 1978,” wrote Matthew Pointon, property economist at Capital Economics.

Home-Buying-Plans-050416

While individuals may CLAIM they want to buy a home when asked, there is a massive difference between “wanting to do something” and actually being able to do it.

Notice in the chart above that the spike in “home ownership desires” spiked in 2011 and has been steadily climbing since then. Surely, if we have a record number of households planning to buy a home, that should be reflected in the home ownership rate as well.

Home-Ownership-050416

Considering that almost 80% of Americans can’t meet small emergencies, 1-in-5 families have ZERO members employed, and incomes are less than they were in 2000 – the chart above makes a good deal of sense. It is also why we have seen the rise of the “renter nation.” 

Home-RenterNation-050416

Of course, I am assuming that Matt Pointon wasn’t talking about the newest fad in housing for Millennials: The 150-sq. ft. micro-home. 

Collingwood-Shepherd-Hut-Gute-18

 

Imports Send A Warning

Yesterday, the markets received some rather distressing news on economic activity. What we manufacture domestically and EXPORT to others makes up roughly 40% of corporate profits. IMPORTS are a direct reflection of consumer demand and the U.S. “consumption function.” 

Therefore, IF the economy is growing, as we are repeatedly told by the “Proletariat” then we should be seeing some growth, yes? Here are the numbers:

Exports

  • Exports of goods and services decreased $1.5 billion, or 0.9 percent, in March to $176.6 billion. Exports of goods decreased $1.8 billion and exports of services increased $0.3 billion.
  • The decrease in exports of goods mainly reflected decreases in consumer goods ($1.6 billion) and in industrial supplies and materials ($0.8 billion). An increase in capital goods ($1.0 billion) was partly offsetting.

Imports

  • Imports of goods and services decreased $8.1 billion, or 3.6 percent, in March to $217.1 billion. Imports of goods decreased $7.9 billion and imports of services decreased $0.2 billion.
  • The decrease in imports of goods mainly reflected decreases in consumer goods ($5.1 billion) and in capital goods ($1.6 billion).

However, this is not just a one-month anomaly. The chart below shows imports and exports on a trade-weighted basis.

Imports-Exports-Levels-050416

When imports and exports are simultaneously declining, it has historically been coincident with extremely weak and recessionary economies. The chart below shows the same data on an annual change basis.

Imports-Exports-AnnualChg-050416

The decline in imports is NOT a positive signal for future economic growth. The sharp rise in the dollar, should have been a boon for consumers as the stronger dollar makes imports cheaper. However, that has clearly not been the case and suggests the domestic consumer is substantially weaker than other headline data suggests.

When a large percentage of consumer spending is consumed by rising healthcare costs (Thank you Affordable Care Act) it diverts spending away from consumption that would otherwise boost economic activity, create employment and foster higher wages. However, because healthcare service spending has risen so strongly over the last few quarters, it makes personal consumption expenditures appear economically stronger than it is.

The import/export data is suggesting that the global weakness arising from China and the Eurozone have now impacted the domestic economy. While the Fed continues to suggest that economic strength is improving, the underlying data continues to suggest it isn’t.

Of course, that is why the Federal Reserve still forgoes raising interest rates.

 

Are Increasing Wages Signaling A Recession?

Over the last several months, I have pushed back against the idea that record low jobless claims was an indicator of a strongly growing economy, but rather an economy near maturity of its current cycle. The chart below shows this to be the case.

Unemployment-Claims-recessions

This is completely logical. As the economic cycle reaches maturity, companies are running at or near full employment. Therefore, fewer terminations leads to low rates of jobless claims. When the economy heads into recession, we began to see companies lay off and terminate individuals in large numbers to cut costs and maintain shareholder profitability.

Another indicator that is also suggesting some concern over the lateness of the current economic cycle is wages. Yes, wage growth is finally happening. The problem is that historically by the time wage growth begins to happen, it is also late in the economic recovery cycle as labor markets have become extremely tight forcing wages to rise.

Average-Hourly-Earnings-050416

Of course, rising wages and employment costs (benefits, healthcare, etc.) are a direct input into the profitability equation. Therefore, as the economy slows and other cost-cutting measures, accounting gimmicks and share buybacks lose their ability to increase bottom line profitability, it is only a function of time before the focus returns to the cost of labor.

With corporate profitability currently under pressure, overall economic activity weak and global conditions deteriorating, just how long can companies sustain employment and wage growth? The answer is not long. As shown in the chart below, while a tighter labor market can push labor costs higher in the short-term, employers start reducing hours worked to offset those costs.

Employment-Wages-Hours-050516

However, there is a point where reducing hours worked eventually gets to zero. This is especially the case when Governments mandate wage increases above the level of productive capabilities.

Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake of the creation or escalation of a government-mandated minimum wage, because they lose their jobs or fail to find jobs when they enter the labor force. Making it illegal to pay less than a given amount does not make a worker’s productivity worth that amount—and, if it is not, that worker is unlikely to be employed.” ? Thomas Sowell

Just some things to think about.

 

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The Death Of #NeverTrump

It appears from the explosion of social media furore that, as infowars.com reports, the #NeverTrump movement and social justice warriors are completely imploding after Trump won the Indiana primary and became the presumptive Republican nominee for President.

“For many diehard [anti-Trump] Republicans, especially foreign policy ‘hawks,’ there is only one viable alternative—vote for Democrat Hillary Clinton,” Kurt Nimmo reported.

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