White House brings back economic adviser who warned pandemic could cause Great Depression

Economist Kevin Hassett, who recently predicted a bad recession due to the coronavirus pandemic, is returning to the White House as an adviser to President Trump on economic policy, a White House official confirmed. Hassett was the chairman of Trump's White House Council of Economic Advisers from 2017 to 2019. A spokeswoman for the council told the Washington Examiner that Hassett was returning to the White House "to advise on economic policy in his personal capacity," not as a government employee.

In television appearances earlier this week, Hassett warned of the catastrophic consequences of the coronavirus on the American economy. If everyone stays home for six months, “it’s going to be like the Great Depression,” Hassett said on CNN on Monday. The April jobs report will be '“the worst jobs number you ever saw,” Hassett added.

Hassett is a respected conservative economist who advised George W. Bush, John McCain, and Mitt Romney during each of their respective presidential campaigns. He was most recently a resident scholar at the conservative American Enterprise Institute before joining the Trump administration in 2017. Before his first stint in the White House, he was confirmed by the Senate in an 81-16 vote, garnering support from Democrats as well. “I think that the odds of a global recession are close to 100% right now,” said Hassett on CNN on Monday. “I think in the U.S., we’re going to have a very terrible second quarter," he added.

The White House is currently waiting for Congress to pass a massive $1 trillion stimulus plan to help workers and companies hurt by the effort to control the coronavirus.

https://www.washingtonexaminer.com/news/white-house-brings-back-economic-adviser-who-warned-pandemic-could-cause-great-depression

Beijing revokes permits for Chinese citizens working for US media

Beijing revoked the work permits of Chinese citizens working as researchers and assistants at U.S. media organizations in China, the latest in a tit-for-tat diplomatic dispute. Two Chinese news assistants at the New York Times and one at the Wall Street Journal were told by the Beijing Service Bureau for Diplomatic Missions earlier this week that their work permits were revoked, the South China Morning Post reported. A Chinese news assistant at Voice of America also had their work permit rescinded. Chinese nationals are not permitted to work as reporters for foreign news outlets in the country, but they can work as researchers and Chinese-language assistants and secretaries.

China pulled the credentials of five American media outlets on Tuesday, retaliating against President Trump’s requirement that Chinese state-run media organizations operating in the United States register as foreign missions and placed restrictions on the number of Chinese nationals they could employ in the states. “They will not be allowed to continue working as journalists in the People's Republic of China, including its Hong Kong and Macao Special Administrative Regions,” China’s Ministry of Foreign Affairs said. The new policy affects Voice of America, a U.S.-funded outlet; the New York Times, the Wall Street Journal, the Washington Post, and Time magazine. Employees of those organizations must hand in their press badges within 10 days. Last month, China revoked the credentials of three other Wall Street Journal reporters over an opinion headline China said was racist.

https://www.washingtonexaminer.com/news/beijing-revokes-permits-for-chinese-citizens-working-for-us-media

>>8491536

No they didn't friend of CCP apparently.