Alec Hogg: Biden’s collapsing reputation

Covered a lot of ground in yesterday's noontime webinar updating the BizNews Share portfolio. If you missed it, click here, or on the video above to access the recording. The portfolio edged higher last night as the Nasdaq and S&P500 hit their 50th record high for the year so far..As you're surely aware by now, I'm a big fan of RW Johnson, usually pointing to his articles on James Myburgh's excellent Politicsweb. As if to prove his fallibility, a recent piece that didn't make the cut was his assessment of the proposed SAA deal..___STEADY_PAYWALL___.Johnson's genius is his ability to join the dots. To do so, however, he relies on the veracity of material published by others. That exposes the former Oxford Don to sometimes repeating mistakes published by others..My close proximity to the leading players in the Takatso Consortium (specifically my business partner Tshepo Mahloele and airline entrepreneur Gidon Novick) offers a different perspective. True to his professionalism, James published the Takatso response this morning. Well worth reading, especially if you read Johnson's article..On the topic of joining dots, SA's increasingly depressing economic data will hopefully trigger a reflective exercise in Pretoria. The piece from the Financial Times of London blames SA's latest surge in joblessness to the pandemic – but concludes with the comment that the country's future is bleak. Radical economic transformation is surely required, but precisely the opposite of that championed by factions within the socialist ANC still loyal to the wrecking ball Jacob Zuma..Content in our other global partner, The Wall Street Journal, is still being dominated by the Afghanistan disaster. Ascerbic columnist James Freeman shares that the US president's popularity has dropped below 50% in his piece headlined Biden's Collapsing Reputation. The WSJ's Editorial Board slams the president's obsession with closing out the US engaging no matter what on August 31 "bowing to Taliban demands…not to extend the deadline". The editorial is headlined Biden's Rush to the Afghan Exits..Also in the WSJ opinion pages this morning is a fascinating contribution by a member of a School Board in Virginia who shares what happened at a recent meeting with parents. John Beatty's insights are encapsulated in the headline: Teach Respect, Not Critical Race Theory..NB FOR YOUR WALL STREET JOURNAL ACCESS….As a Premium subscriber you are entitled to full membership of wsj.com (normal price $29 a month). Be sure to action your access through the Premium link on the BizNews website. Because of The Wall Street Journal's credential requirements, be sure to create a password which has at least 8 characters and includes at least one letter and one number – NB it MAY NOT contain any special characters (ie #, !, @ etc). To maintain access to WSJ.com, you MUST enter our partner's website via BizNews Premium at least once a month. A final PS, if you had previously signed up for WSJ you'll need to clear the cookies from your device. Our help desk can assist – support@biznews.com.

Alec Hogg: Biden’s collapsing reputation

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