S8 Ep112: SHOW 11-21-25 CBS EYE ON THE WORLD WITH JOHN BATCHELOR THE SHOW BEGINS IN THE DOUBTS ABOUT UKRAINE FIRST HOUR 9-915 HEADLINE: Las Vegas Shifts Focus with Formula 1 and Lower-End Tourism; California Politics Hit by Indictments GUEST: Jeff Bliss Jef

SHOW 11-21-25 CBS EYE ON THE WORLD WITH JOHN BATCHELOR THE SHOW BEGINS IN THE DOUBTS ABOUT UKRAINE FIRST HOUR 9-915 HEADLINE: Las Vegas Shifts Focus with Formula 1 and Lower-End Tourism; California Politics Hit by Indictments GUEST: Jeff Bliss Jeff Bliss reports that the Formula 1 race on the Las Vegas city circuit is attracting major spectacle and high-end tourism, though the city is also attempting recovery by catering to lower-income demographics, evidenced by positive activity at the Excalibur Casino, while facing major competition from a new Indian casino near Bakersfield, California, operated by the Tahone tribe and twice the size of Caesars Palace. In California, Governor Gavin Newsom's former chief of staff, Dana Williamson, and four others were indicted on 23 counts of fraud. Additionally, an investigation into the Palisades fire revealed that state workers ordered the LA Fire Department to back off a previously burned area that rekindled, allegedly to protect endangered plants. 915-930 HEADLINE: Industrial Policy and Tariffs Lack Coherence; Removal of Food Tariffs Implies Inflationary EffectGUEST: Veronique De Rugy Veronique De Rugy discusses US industrial policy, noting the trade deficit has increased despite tariffs, and the administration's decision to remove tariffs on food items—goods not produced domestically—is seen as an implicit admission that tariffs contribute to the "affordability crisis" because tariffs are a tax primarily borne by American consumers. The goals behind tariffs have shifted from fighting China to raising revenue, and the largest tariff exemption is for computer parts, indicating an understanding that tariffs could contradict other goals like energy abundance. De Rugyargues that US economic power stems from innovation and a willingness to invest, making industrial policy involving tariffs and seeking foreign investment largely unnecessary and potentially harmful. 930-945 HEADLINE: Mixed US Economic Signals: Strong GDP Contrasts Low Consumer Sentiment; AI Adoption Increases GUEST: Gene Marks Gene Marks discusses the US economy, noting that third-quarter GDP growth is estimated near 4%, contrasting sharply with record-low consumer sentiment in a "tale of two economies" where salaried workers receiving pay raises of 5–7% are outpacing 3% inflation and continuing to spend, while hourly workers struggle. Despite job growth in construction, leading indicators like the architectural billings index show contraction for 11 months. In technology, 88% of major companies are adopting artificial intelligence, though scaling remains limited, with AI already replacing low-level programmers and enhancing customer service. Agentic AI, capable of performing complex tasks, is predicted to impact fields like accounting and marketing by 2027–2028. However, Marks argues that most current major corporate layoffs stem from typical corporate bloat and mismanagement rather than AI, at least not yet. 945-10 SECOND HOUR 10-1015 HEADLINE: Lancaster County Economy Booms Despite Low Consumer Confidence; Local Entrepreneurs ThriveGUEST: Jim McTague Jim McTague reports that the economy in Lancaster County, Pennsylvania, is strong, suggesting it mirrors the greater US economy despite reports of low consumer confidence, observing robust traffic at tourist destinations like Kitchen Kettle Village, a shopping locale established in 1954, with spending largely supported by well-off boomers. Local entrepreneurs are experiencing great success—a dealer selling eclectic electric lamps in Park City Mall is already earning $4,500 per week at the start of the holiday season, and high volume at Costco, where the Amish are major buyers, further indicates available disposable income. McTague concludes that the real economy on Main Street is strong and likely headed for a blockbuster Christmas season. 1015-1030 HEADLINE: Climate Change Threatens Iconic Italian Cheeses; Southern Drought Reduces Milk Production Quality GUEST: Lorenzo Fiori Lorenzo Fiori reports that climate change is threatening Italian food production, particularly cheese, due to drought and heat waves in the south, especially the Puglia region, where stressed cows are reducing milk production and impacting specialty cheeses like mozzarella and burrata. Milk cannot be shipped from the north because local water and hay are essential to the unique flavor of southern cheese. Fiori emphasizes that Italian food is a famous brand precisely because it belongs to its territory, criticizing pre-prepared sauces found in Brussels as inauthentic carbonara, which must be made fresh. In Milan, Christmas preparations are underway, with shop windows decorated festively and street lights scheduled to be switched on December 7th. 1030-1045 HEADLINE: Private Space Advances (Blue Origin, Rocket Lab) Challenge NASA SLS, EU Space Law CriticizedGUEST: Bob Zimmerman Bob Zimmerman reports that Blue Origin's New Glenn orbital rocket ...