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Trump risks backlash with wish for economic crash in ‘next 12 months’  on January 11, 2024 at 10:00 am Business News | The Hill

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Former President Trump’s statement this week that if there’s an economic crash, he hopes it will be within the “next 12 months” is a risky move that has opened him to Democratic criticism.

The former president said in an interview this week that he expects the U.S. economy to crash and hopes it does before he would take office in January 2025, if reelected. Above all, Trump said he would not want to be known as another Herbert Hoover.

While Democrats have ripped Trump’s comments as scornful of the millions of Americans who would lose their jobs in a recession, the remarks may have little bearing on his campaign as he continues to defy political gravity.

“The reason candidates don’t say that historically is because a recession is horrible for people,” said Gordon Gray, vice president for economic policy at the American Action Forum (AAF), a right-leaning research nonprofit.

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“People lose their jobs, their houses, it takes them years — if ever they recover,” Gray added. “Normal candidates value that. Donald Trump is not a normal candidate, and that’s why he can get away with this kind of thing. He’s untethered to norms and usual political forces.”

The state of the economy — and how Americans feel about it — could play a central role in President Biden and Trump’s likely rematch.

The economy is an issue Trump sees as a success under his administration, when inflation and gas prices were low before the COVID-19 pandemic hit. Biden came into office with predictions of a looming recession, but the economy instead appears to have achieved a soft landing, a success his White House often touts.

While the Biden campaign is hopeful voters will eventually give the president credit for his economic agenda, Trump is hoping for a crash to hurt Biden politically, an unprecedented strategy for a presidential candidate considering the implications of a bad economy on voters.

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“Donald Trump’s greatest worry right now is that the economy is actually in very good condition,” said Daniel Alpert, managing partner of investment firm Westwood Capital.

“He understands that his free ride with the public right now is dependent on their bad memories of inflation. [As] that fades over time, in November he could be up against a candidate who stewarded a very strong economy and the memories of inflation will have long passed,” Alpert said.

In an interview with former Fox Business Network host Lou Dobbs on a network launched by MyPillow founder Mike Lindell, Trump called the economy “fragile” and said he is hoping for a crash within the year. 

“And when there’s a crash — I hope it’s going to be during this next 12 months because I don’t want to be Herbert Hoover,” Trump said in the interview that aired Monday night. “The one president I just don’t want to be, Herbert Hoover.”

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Then-President Hoover had been in office for just a few months when the stock market crashed in 1929, triggering the Great Depression. Biden, meanwhile, has brought up in numerous speeches that Trump is one of two presidents — along with Hoover — who left office with fewer jobs than when he entered.

“One was President Hoover and the other was Donald Hoover Trump,” Biden said in September. “My predecessor promised to be the greatest job president in history. Well, it didn’t really work out that way. He lost 2 million jobs in the course of his presidency.”

Biden has struggled to turn a rapid rebound from the COVID-19 recession into a political edge against Trump, who left office as the economy kicked into another gear.

he November unemployment rate of 3.7 percent was just 0.2 percentage points above its pre-pandemic level, which was then a five-decade low. The annual inflation rate also dropped to 3.1 percent in November from a peak of 9.1 percent in June 2022.

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Financial markets also closed out 2023 with a record-breaking rally after a brutal year of losses in 2022, when the Federal Reserve began ramping up interest rates.

The Fed is now projecting a series of rate cuts in 2024, which could further stimulate the economy as Biden attempts to channel its strength into another White House term.

But while the president has tried to tie the roaring recovery to his enactment of trillions of dollars in economic relief and infrastructure investments, polling suggests voters aren’t resonating with his economic message.

Biden’s aides were quick to bash Trump’s rhetoric on the economy, and the president is slated to give remarks on his economic agenda Friday, during which he will likely bring up the comments.

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Biden campaign manager Julie Chávez Rodríguez said Trump’s comments show he “doesn’t give a damn about people.”

“In his relentless pursuit of power and retribution, Donald Trump is rooting for a reality where millions of Americans lose their jobs and live with the crushing anxiety of figuring out how to afford basic needs,” she said.

Other Biden aides said the comments were vile and that those who were hoping the economy failed were “revealing twisted true colors.”

Josh Bivens, chief economist at the left-leaning Economic Policy Institute, said although Trump’s comments are “bad,” he thinks a 2024 crash would be “very surprising.”

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“For now, the economy is strong and there’s no glaring vulnerability like a huge asset market bubble someplace — spending is mostly being financed out of earnings from a strong labor market,” he said. “So, my expectation is for a quite strong 2024. There are always wild cards like some crazy geopolitical shock, but the economic fundamentals of the U.S. look good for 2024.”

Comments from Trump have raised eyebrows and created an opening for Democrats to bash him, but they didn’t negatively impact his polling numbers.

The former president recently said he’d be a dictator on the first day of a second term and said immigrants are “poisoning the blood of our country,” comments that Democrats likened to Adolf Hitler.

But, he’s still polling above his GOP rivals and either head-to-head or above the president in recent polls. The aggregation of polls kept by The Hill/Decision Desk HQ shows Trump with a lead of 1.2 percentage points against Biden.

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Some Republicans argue Trump’s comments will be chalked up to the former president feeding into the rivalry between him and Biden.

“It’s common for political opponents to talk down the strength of the economy and talk up economic risks when they’re out of the White House, and most voters will likely see this as more of the same out-party doomsaying,” said Bruce Mehlman, former assistant secretary at the Commerce Department under former President George W. Bush and founding partner at Mehlman Consulting.

Meanwhile, others stressed the unprecedented nature of his remarks.

“If you believe that you’re going to be the president in the next election, and you think that a downturn in the business cycle is possible or even probable over the next year, well, you’d want the upside, not the downside,” Gray said.

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While opposition parties and candidates typically downplay the economy’s successes and focus on its shortcomings under the incumbent president, Gray said Trump’s remarks go beyond basic campaigning. 

“There’s an element of his rhetoric that is in no way novel and is entirely within keeping with campaign rhetoric, and then there’s a Trumpian excess,” he said.

​Business, 2024 Elections, Campaign, News, 2024 presidential election, US economy Former President Trump’s statement this week that if there’s an economic crash, he hopes it will be within the “next 12 months” is a risky move that has opened him to Democratic criticism. The former president said in an interview this week that he expects the U.S. economy to crash and hopes it does before…  

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Building a 10 Million Army: One Leader’s Mission to Save Tomorrow

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Sustainability is often spoken about as if it belongs only to scientists, policy experts, or environmental activists. On the Roselyn Omaka Show, Otto Cannon makes the case that it belongs to everyone. His message is both urgent and deeply human: sustainability is not just about the environment, but about creating a world where people, planet, and profit exist in balance.

Cannon’s mission is striking in its scale. He wants to build what he calls a global army of 10 million sustainability leaders—people across industries and communities who choose to think beyond short-term gains and take responsibility for the future they are helping shape.

My biggest mission is to raise a 10 million global army of sustainability leaders.

Otto’s understanding of this work did not begin in a conference room. It began in childhood, shaped by a father who taught him to see the world’s problems as personal assignments. That early influence instilled in him the belief that real leadership means stepping forward, identifying what is broken, and dedicating yourself to fixing it.

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That mindset later became deeply personal. In one of the interview’s most emotional moments, Cannon shares how the death of his dog after swallowing a plastic bottle cap changed his life. What might have seemed like an isolated tragedy became, for him, a doorway into a much larger truth: waste is never just waste when it destroys ecosystems, harms wildlife, and threatens the future.

Instead of turning away, he turned pain into action. Through his work, he helped build a recycling company that processed over 10,000 tons of plastic and supported tree-planting efforts that have already reached more than 500,000 trees. His story reflects the broader idea of sustainability leadership, which is commonly framed as the integration of environmental, social, and economic responsibility into real-world decision-making.

What makes Cannon’s perspective especially compelling is the way he challenges common misconceptions. He argues that sustainability is too often boxed into environmental language alone, when in reality it applies to every sector—fashion, construction, energy, transportation, manufacturing, and beyond. This broader understanding aligns with current sustainability leadership thinking, which emphasizes systems, collaboration, and long-term value creation across sectors.

Profit should never come at the expense of people or the planet.

That belief is central to everything Cannon describes. For him, sustainability is not anti-business. It is about designing business, innovation, and progress in a way that does not leave harm behind for future generations. A solution that helps today but creates a deeper problem tomorrow, he argues, is not truly a solution at all.

This is also the thinking behind the Global Sustainability Summit and Awards in London, where Cannon brings together leaders from government, business, and civil society to share ideas, showcase innovation, and inspire action. Cross-sector collaboration is widely recognized as a core part of effective sustainability work, especially when the goal is cultural and systemic change rather than isolated projects.

The power of Cannon’s message lies in its accessibility. He is not calling only on policymakers or executives. He is speaking to creators, founders, farmers, designers, builders, and everyday professionals—anyone who has influence over materials, waste, systems, sourcing, or the choices that shape modern life.

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By the end of the conversation, one image lingers: the idea that one person is a drop of water, but many drops together can become a wave. That is the future Otto Cannon is working toward—not a movement powered by one voice, but one built by millions who decide that sustainability is not optional, but necessary.

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GLOBAL SUSTAINABILITY SUMMIT RETURNS FOR ITS 5TH EDITION AT THE BRITISH PARLIAMENT – HOUSE OF LORDS, PALACE OF WESTMINSTER

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FOR IMMEDIATE RELEASE

Theme: “People, Planet, and Profit in the Age of AI and Innovation”

London, United Kingdom — The Global Sustainability Summit (GSS) is officially back for its landmark 5th Edition, continuing its legacy as one of the leading international platforms driving sustainable development, climate action, ethical investment, innovation, and global collaboration.

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Convened annually at the prestigious British Parliament, House of Lords, Palace of Westminster, by Ambassador Canon Chinenem Otto, the Summit has, over the last four years, successfully fostered international dialogue and partnerships that have contributed to the advancement of global sustainability goals, the establishment of sustainability-focused ministries, departments and policy structures across national and subnational governments, and the attraction of major investors into sustainable development projects, corporations and emerging economies.

This year’s summit, themed “People, Planet, and Profit in the Age of AI and Innovation,” will explore how emerging technologies, responsible leadership, sustainable finance, innovation, and global partnerships can shape a more inclusive, resilient and environmentally conscious future.

The 5th Edition promises to be the most impactful yet, bringing together world leaders, policymakers, diplomats, investors, academics, innovators, climate experts and youth leaders from across the globe to discuss actionable solutions toward achieving a sustainable and equitable future.

Among the distinguished speakers, delegates and honorees already lined up for the Summit are:

• His Excellency Mallam AbdulRahman AbdulRazaq — Executive Governor of Kwara State, Nigeria and Chairman of the Nigeria Governors’ Forum

• His Excellency Senator Prince Bassey Otu — Executive Governor of Cross River State, Nigeria

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• Ambassador Patricia Espinosa Cantellano — Former Executive Secretary of UN Climate Change (UNFCCC) and Former Foreign Minister of Mexico

• Lord Marvin Rees, Baron Rees of Easton OBE — Member of the House of Lords, United Kingdom

• Hon. Neema K. Lugangira — Secretary-General of Women Political Leaders (WPL), Brussels and Former Member of Parliament

• Her Excellency Dr. Netumbo Nandi-Ndaitwah — President of the Republic of Namibia

• His Excellency Nangolo Mbumba — Former President of Namibia

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• Former President of Tanzania

• Her Excellency Ambassador Professor Olufolake AbdulRazaq — First Lady of Kwara State, Nigeria and Chairperson of Nigeria Governors’ Spouses Forum

• Your Excellency Dr. Dikko Umar Radda, PhD, CON — Executive Governor of Katsina State and Chairman of the Northwest Governors Forum, Nigeria

• Hon. Sam Shafiishuna Nujoma — Governor of Khomas Region, Namibia

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• H.E. Mr. Veiccoh Nghiwete — High Commissioner of the Republic of Namibia to the United Kingdom

• Her Excellency Ms. Macenje “Che Che” Mazoka — High Commissioner of Zambia to the United Kingdom

• Ms. Danielle Newman — Partner Lead, ICT, World Economic Forum

• Leanne Elliott Young — Co-founder, Institute of Digital Fashion & CommuneEast

• Ms. Chloe Russell — Producer & Presenter, Art, Science and Nature

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• Professor Marie-Claire Cordonier Segger — University of Cambridge & University of Waterloo

• Dr. Alexandra R. Harrington — IUCN World Commission on Environmental Law (WCEL)

• Professor Payam Akhavan — Massey College, University of Toronto

• Mr. Mallai C. E. Sathya — President, Dravida Vetri Kazhagam and International Movement for Tamil Culture Asia

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The Summit will feature high-level panel discussions, strategic investment conversations, sustainability awards, policy dialogues, innovation showcases, youth engagement sessions and international networking opportunities focused on climate resilience, ethical financing, food-water-energy sustainability, circular economy, artificial intelligence, diplomacy and sustainable development.

Speaking ahead of the Summit, Convener Ambassador Canon Chinenem Otto noted:

“As the world rapidly evolves through artificial intelligence and technological innovation, we must ensure that sustainability remains people-centered, environmentally responsible and economically inclusive. The Global Sustainability Summit continues to serve as a bridge connecting governments, institutions, innovators and investors to accelerate practical sustainability solutions globally. Our fifth edition is not only a celebration of progress made over the years, but also a renewed call for global collaboration and actionable impact toward achieving the Sustainable Development Goals and Net Zero ambitions.”

The Global Sustainability Summit continues to position itself as a catalyst for transformative partnerships and sustainable global progress, reinforcing the urgent need for collective action toward a more resilient and sustainable future.

More announcements regarding additional speakers, partners and summit activities will be unveiled in the coming weeks.

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What the Michael Biopic Means for Every Indie Filmmaker

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The Michael Jackson biopic Michael is more than celebrity drama; it is a real-time lesson in how legal decisions can quietly rewrite a story that millions of people will see. You do not need a $200M budget for the same forces—contracts, settlements, and rights issues—to shape or even erase key parts of your own work.

“The Michael Jackson Movie Is A HUGE HIT!” by Adam Does Movies, CC BY, via YouTube.

What Happened to Michael

The film Michael originally included a third act that addressed the 1993 child sexual abuse allegations and their impact on Jackson’s life and career. Trade reports say this version showed investigators at Neverland Ranch and dramatized the scandal as a turning point in the story. After cameras rolled, lawyers for the Jackson estate realized there was a clause in the settlement with accuser Jordan Chandler that barred any depiction or mention of him in a movie.

Because of that old agreement, the filmmakers had to remove all references to Chandler and rework the ending so the story stopped years earlier, in the late 1980s at Jackson’s commercial peak.

According to reporting, this meant roughly 22 days of reshoots, costing around 10–15 million dollars and pushing the total budget over 200 million.

Meanwhile, actress Kat Graham confirmed her portrayal of Diana Ross was cut for “legal considerations,” showing how likeness and approval issues can wipe out an entire character even after filming.

For audiences, the result is a movie that intentionally avoids one of the most controversial chapters of Jackson’s life, which some critics argue makes the portrait feel incomplete or selectively curated.

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The Hidden Power of Contracts and Rights

The key detail in the Michael story is that a contract signed decades ago could dictate what present-day filmmakers are allowed to show. That settlement clause did not just affect the people who signed it; it effectively controlled the narrative of a big-budget film made years later. This is how legal documents become invisible co-authors: they quietly set boundaries around what your story can and cannot include.

Creators face similar invisible lines with:

  • Life-rights and defamation: If you dramatize real people, especially in a negative light, they can claim defamation or invasion of privacy if your portrayal is inaccurate or harmful.
  • Copyright and trademarks: Unlicensed music, clips, logos, or artwork can trigger copyright or trademark claims that block distribution or force expensive changes.
  • Distribution contracts: Some deals give distributors the right to re-edit, retitle, or repackage your work without your approval unless you negotiate otherwise.

Legal commentary warns that fictionalizing real events and people carries heightened risk because audiences tend to connect your dramatization back to actual individuals. That risk does not disappear just because you are “small” or “indie”; impact, not audience size, usually determines exposure.


Why This Matters for Indie Filmmakers and Creators

Independent filmmakers often choose the indie route precisely to maintain creative control, but they can face more risk if they skip legal planning. Common problems include unclear ownership of the script, missing music licenses, handshake agreements with collaborators, and no written permission to use locations or people’s likenesses. These are the kinds of issues that can derail distribution, block a streaming deal, or force last-minute cuts that fundamentally change your story.

Legal guides for indie filmmakers consistently emphasize a few realities:

  • You do not fully “own” your film unless you have clear contracts for writing, directing, producing, and underlying rights.
  • Unregistered or unlicensed creative elements (like music and logos) can make your project uninsurable or unattractive to distributors.
  • Fixing legal problems after the fact is almost always more expensive and limiting than planning for them at the beginning.

So when you watch Michael skip over certain events, you are seeing, in exaggerated form, the same forces that can shape an indie short, web series, documentary, or podcast episode.


You do not need a law degree, but you do need a basic legal strategy for your creative work. Here are practical steps drawn from entertainment-law and indie-film resources:

  1. Clarify who owns the story
    • Use written agreements with co-writers, directors, and producers that state who owns the script and finished film.
    • If your work is based on a real person or memoir, secure life-rights or written permission where appropriate, especially if the portrayal is sensitive.
  2. Be intentional with real people and events
    • When telling true or inspired-by-true stories, avoid making specific, negative claims about identifiable people unless they are well-documented and legally vetted.
    • Change names, details, and circumstances enough that the person is not clearly identifiable if you do not have their cooperation.
  3. Lock down music and visuals
    • Use original scores, licensed tracks, or reputable libraries; never assume you can keep a song just because it is in a rough cut.
    • Clear artwork, logos, and recognizable brands, or replace them with generic or custom-designed alternatives.
HCFF
HCFF
  1. Protect yourself in contracts
    • When signing any distribution or platform deal, read the clauses about editing, retitling, and marketing carefully; ask for limits or at least consultation rights.
    • Include terms that let you reclaim rights if a partner fails to release the work, goes dark, or breaches key promises.
  2. Document everything
    • Keep organized copies of releases, licenses, and contracts; these documents are part of your project’s value and proof of your rights.
    • Register your work where applicable (for example, copyright), which strengthens your ability to enforce your rights if someone copies you.

Education-focused legal resources repeatedly stress that preventative steps—basic contracts, clear permissions, and simple registrations—are far cheaper than dealing with takedowns, lawsuits, or forced rewrites later.


The Big Takeaway: Story and Law Are Connected

The Michael biopic illustrates what happens when legal obligations and creative vision collide: whole characters disappear, endings are rewritten, and the public only sees a version of the story that fits within old contracts.

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As an indie filmmaker, writer, or content creator, you may not have millions at stake, but you do have something just as valuable—your voice and your ability to tell the story you meant to tell.

Understanding the legal dimensions of your work is not a distraction from creativity; it is a way of protecting it. When you know where the legal boundaries are, you can design stories that are bold, truthful, and still safe enough to reach the audiences they deserve.

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