LBN – Special Report – Monday, July 3rd, 2017

*Wow! Americans Spend 4 Years of their Lives ‘Escaping Reality’:

Ever find yourself dreaming of far-flung adventure or white sandy beaches? Americans spend four years of their life indulging in escapism, according to new research. From the 22 minutes the average person spends daydreaming each day, to the books, films, and TV we get lost in – a new survey tallied the common times and activities people use to get away from reality, finding that we rack up just under 13 hours of escapism per week. The study of 2,000 adults across the United States, which was commissioned by global tour operator G Adventures, showed 12 hours 56 minutes of escaping our reality each week comes partly in the form of reading books (1 hour 34 minutes), watching movies (2 hours 37 minutes) and dreaming of vacations (44 minutes). Other popular forms of escape that trended highly among those surveyed involved exploring new places (56 minutes), listening to music (2 hours 47 minutes) and playing video games (1 hour 29 minutes). The most common daydream Americans confessed to is the thought of “winning the lottery” (60 percent), followed closely by “going on vacation” (54 percent) or “traveling somewhere exotic” (50 percent).
*China’s Xi Warns Trump of ‘Negative Factors’ Straining Ties

Chinese President Xi Jinping on Sunday reportedly told President Trump that “negative factors” are hampering bilateral ties between Beijing and Washington, even as the White House hopes for China’s support in dealing with North Korea. Chinese state-run media said Xi stood up to Trump over a series of recent moves by the White House that have angered Beijing in a phone call on Sunday. The phone chat came after the U.S. gave China a poor grade on human trafficking last week and imposed sanctions on a Chinese bank over its business with North Korea. Xi also reportedly reminded Trump of the “one China” policy, which prohibits Washington from dealing with Taiwan as a sovereign nation. The U.S. made a $1.4 billion arms deal with Taiwan last week. China’s Defense Ministry on Sunday also warned that the “strategic trust” between the two sides was damaged this weekend when a U.S. warship sailed in disputed areas of the South China Sea, a move which prompted Beijing to have fighter jets scare off the U.S. Navy destroyer.

*LBN-INVESTIGATES: Inflation

·  A dollar in 1950 had the same buying power as $10.23 in 2017.
·  The term “inflation” is from the Latin term inflare, meaning to “blow up or inflate,” and it was first used in a monetary sense to describe “an increase in the amount of money” in 1838. Today, economists argue over the definition of inflation but generally agree that it means a continued rise in prices while the value of money declines.
·  The inflation rate is the percentage increase in the price of goods per year. For example, if the inflation rate is 2%, then a $1 candy will cost $1.02 in a year.
·  The Civil War’s direct cost was about $6.7 billion in 1860 money, which would be $139 billion today. However, some economic historians believe the indirect cost (such as disruption of the economy) would measure approximately $46 trillion in current money.
·  Hyperinflation occurred in Germany in 1920, leading to great social unrest. The purchasing power of money fell so low that the German currency, the Mark, became cheaper than firewood. Hitler blamed the Jews for spiraling inflation, which helped pave the way for the Holocaust.
·  Historians have noted that war and inflation go hand-in-hand. Every war in the last century has brought high inflation.

·  The Zimbabwean dollar bank note holds the record for the greatest number of zeros shown (100,000,000,000,000). Hungary holds the record for the largest banknote ever issued, but its banknote did not depict all the zeros—the amount was spelled out.
·  The post-WWII hyperinflation of Hungary holds the record for the most rapid monthly inflation increase ever: 41,900,000,000,000,000% for July 1946, which means prices doubled every 13.5 hours.
·  The first country to hyperinflate in the 21st century is Zimbabwe. In 2008, a loaf of bread cost 1.6 trillion Zimbabwe dollars. Officials in Zimbabwe blamed it on rising global food prices and international sanctions.

*‘Gotham’ Star Seeks Public’s Help to Find Missing Daughter
Actor Donal Logue has turned to the public for help in locating his 16-year-old daughter, who has been missing since late last month. Jade Logue, who is transgender, was last seen in Brooklyn on June 26. Donal Logue, who stars as Detective Harvey Bullock on Fox’s “Gotham,” took to Facebook late Sunday with a message apparently aimed at whoever is with his daughter. “You may have had good intentions to help her, but I’m sure you realize this situation is bigger than you could’ve anticipated. It’s okay. Just drop her off,” he wrote. He went on to say “the net has been flung far and wide” with the FBI and NYPD involved in the search. Anyone with information on Jade Logue’s whereabouts should contact New York City police, he said, and she can be returned “with hugs and no questions asked.” Jade’s mother, Kasey Smith, also posted a video message late Sunday begging her daughter to come home.

*THINK FREELY – READ LBN:

*Tesla to Roll Out First Mass-Market Electric Car on Friday

Tesla Motors will unveil its first mass-market electric car on Friday, two weeks earlier than expected. The company’s chief executive, Elon Musk, announced the news late Sunday, saying the production of the Model 3 will increase “exponentially” after its debut this week. One hundred cars are slated for production in August, followed by 1,500 or more beginning in September, and 20,000 starting in December, he said. The Model 3, priced at around $35,000, is expected to be able to travel 215 miles on one charge. The car’s more affordable price—about half of what Tesla’s luxury cars go for—is aimed at expanding the company’s customer base and getting more drivers to shift to sustainable energy sources. Anticipation of the Model 3 gave Tesla shares a significant boost this year, propping them up by about 67 percent, according to The New York Times.

*LBN-MEDIA INSIDER: The next guest on the popular TV interview show “Without Notes” is Susan Estricha renown American lawyer, professor, author, political operative, political commentator, and feminist advocate.  Estrich graduated Phi Beta Kappa from Wellesley College in 1974, and received her J.D. from Harvard Law School in 1977. In 1976, Estrich was elected the first female president/editor-in-chief of the Harvard Law Review, where she ran against Merrick Garland. Estrich served as a law clerk for Judge J. Skelly Wright of the U.S. Court of Appeals for the District of Columbia and Justice John Paul Stevens of the U.S. Supreme Court in 1978-1979. In 1988, she was the campaign manager for Michael Dukakis’1988 presidential run, even though she had never before managed a political campaign. She was the first female campaign manager of a major presidential campaign, and the first female campaign manager of the modern era.

*LBN-SPOTLIGHT:  Support #tourdesummercamps today and help The Jewish Federation send more kids to Jewish summer camp! www.TourDeSummerCamps.org

*MY REVIEW: “I read LBN because it is fearlessly independent.”—–Selma G., an LBN reader from Fairbanks, Alaska.


*LBN-NOTICED:   ***Steven Spielberg mixed with a high-powered political crowd at a July Fourth weekend bash thrown by Washington Post scion Lally Weymouth. Spielberg is currently directing a Beltway drama based on Weymouth’s mother — the late Washington Post publisher Katharine Graham, as played in the film by Meryl Streep — with Tom Hanks as the paper’s legendary editor Ben Bradlee. The family’s Donald Graham is an adviser on the film. Also at the bipartisan bash were Cathie Black, billionaire Ronald LauderJared Kushner and wife Ivanka Trump, Robert Zimmerman, Kellyanne Conway, as well as cabinet members including Wilbur Ross and Elaine Chao, Sen. Chuck Schumer, Rep. Carolyn Maloney, Andrew Stein and various foreign dignitaries.

*LBN-SITE OF THE DAY:

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*LBN-VIDEO LINK: The Wonderful Wit of W.C. Fields —– William Claude Dukenfield (January 29, 1880 – December 25, 1946), better known as W. C. Fields, was an American comedian, actor, juggler and writer. Fields’ comic persona was a misanthropic and hard-drinking egotist, who remained a sympathetic character despite his snarling contempt for dogs and children. —– https://youtu.be/tflkVVJL-PA

*LBN-COMMENTARY by Mikal Gilmore: Nearly twenty-five years ago, in the middle of a season in which rock & roll was seeking to define itself as the binding force of a new youth community, the Doors became the house band for an American apocalypse that wasn’t even yet upon us. Indeed, the Los Angeles-based quartet’s stunning and rousing debut LP, The Doors, flew in the face of rock’s emerging positivist ethos and in effect helped form the basis for a schism that still persists in popular music. While groups like the Beatles or the many bands emerging from the Bay Area were earnestly touting a fusion of music, drugs and idealism that they hoped would reform — and redeem — a troubled age, the Doors had fashioned an album that looked at prospects of hedonism and violence, of revolt and chaos, and embraced those prospects unflinchingly. Clearly, the Doors — in particular the group’s thin, darkly handsome lead singer, Jim Morrison — understood a truth about their age that many other pop artists did not: namely, that these were dangerous times, and dangerous not only because youth culture was under fire for breaking away from established conventions and aspirations. On some level, Morrison realized that the danger was also internal – that the “love generation” was hardly without its own dark impulses. In fact, Morrison seemed to understand that any generation so intent on giving itself permission to go as far as it could was also giving itself a license for destruction, and he seemed to gain both delight and affirmation from that understanding.

*LBN-SPOTLIGHT: www.michaeltrouble.com.  —- Michael Trouble“, as his nurses so appropriately referred to him, was nothing less than a superhero.

*LBN-COMMENTARY by Kent Moyer: There has been a paradigm shift in the security industry with the introduction of a radically new approach to security accountability and an understanding of threats, estate or venue vulnerabilities, and how that could impact the overall risks. The core understanding revolves around the ability to understand and perform methodologies such as: protective intelligence, threat and hazard identification, risk assessments and able to communicate and share its findings so that mitigation options can be properly placed.  THIRA is “Intelligence Led Security” at its core.

*LBN-VIDEO LINKJohn Wayne Takes Apart Liberals, Feminists, White Guilt, And Black Lives Matter —- Who Knew That 2016 Problems Were 1974 Problems As Well Huh? —– https://youtu.be/WUzRyPuuSVQ .

*LBN-A DIFFERENT VIEW:….

*LBN-HISTORICAL COMMENTARY by Robert Green Ingersoll: “Courage without conscience is a wild beast.”

*LBN-OVERHEARD:   ***When Maria Menounos was first diagnosed with a brain tumor earlier this year, her initial reaction wasn’t to break down, but to laugh. “I didn’t cry. I actually laughed,” the TV personality revealed to People, less than a year after confirming her mother, Litsa, had a brain tumor. “It’s so surreal and crazy and unbelievable that my mom has a brain tumor — and now I have one too?” As her mother continues to battle stage 4 brain cancer, Menounos took her own health into account after experiencing disturbing symptoms, including headaches and lightheadedness. “My speech had gotten slurred and I was having difficulty reading the teleprompter,” she explained.   ***Viral video star Stevie Ryan is dead at the age of 33 years old. She died by hanging inside her home on July 1, according to the Los Angeles Coroner’s office’s website. Her last tweet was in remembrance of her grandfather on June 30. “The man of my dreams will now only be in my dreams. I’ll miss you every day, forever. I love you my Pa.”   ***Rumer Willis celebrated a life-changing milestone this weekend, announcing on Instagram that she’s six months sober.“I will be the first one to say I’m not perfect and I mess up sometimes and every once in a while I get it right but I wanted to share this because I am really proud of myself,” the actress shared alongside a seemingly makeup-free selfie. “Yesterday I celebrated 6 Months Sobriety.”   ***Quentin Tarantino is engaged. The Hateful Eight creator is going to marry Israeli singer Daniela Pick.