0:05

Good morning. The Supreme

0:07

Court considers the limits on what America

0:09

can do to hold foreign groups

0:11

accountable for terror attacks. Nobody likes

0:13

pirates, right? But the United States does

0:15

not try pirates in absentia. That's

0:17

ahead today on Legal Docket. Also today,

0:19

the Monday Money Beat David Bonson

0:21

is standing by. We will talk about

0:24

the public spat between the president

0:26

and the chairman of the Federal Reserve

0:28

over interest rates. and a special

0:30

World History book. Bob Case highlights music

0:32

with a message for the season.

0:34

In the spring, a young man's fancy

0:36

lightly turns to the thoughts of love.

0:46

It's Monday, April 21st. This is

0:48

The World and Everything in It

0:50

from listeners supported World Radio. I'm

0:52

Mary Reichard. And I'm Nick Iker. Good

0:55

morning. Time

0:57

now for the news

1:00

with Kent Covington Negotiators

1:02

from the US and Iran plan to

1:04

gather again on Saturday for a

1:06

third round of nuclear talks That after

1:08

a second round over the weekend

1:10

was constructive according to both sides

1:12

Secretary of State Marco Rubio says the

1:14

goal is clear It has to be

1:16

something that actually not just prevents

1:19

Iran from having a nuclear weapon now,

1:21

but in the future as well,

1:23

not just for 10 years with some

1:25

sort of sunset provision or the

1:27

like. US Special Envoy Steve

1:29

Whitcoff and Iranian Foreign Minister

1:31

Abbas Irachi reportedly spoke face

1:33

-to -face in Rome this past

1:35

Saturday. Iranian officials, though,

1:37

described the talks as indirect. Before

1:40

they meet again in Oman next weekend,

1:42

Harachis of the two sides agreed

1:44

that experts will hold technical level talks

1:46

in the coming days to discuss details

1:48

of a possible deal. Republican

1:51

Congressman Buddy Carter tells Fox

1:53

News. It will be in Iran's

1:55

best interest if they deal with President

1:57

Trump. President Trump is

1:59

offering them an opportunity here that they need

2:01

to seize upon. The president has

2:03

made clear that he wants to

2:05

solve this matter peacefully, but If

2:08

diplomacy fails, the US will take

2:10

military action to prevent a nuclear

2:12

Iran. The Supreme

2:14

Court has cited, at least

2:16

for now, with the American Civil

2:18

Liberties Union blocking deportations of

2:20

some illegal immigrants. The High

2:22

Court granted the liberal activist

2:24

group's request for an administrative

2:27

stay temporarily blocking deportations of

2:29

some Venezuelan gang members. The

2:31

Supreme Court had earlier ruled that the

2:33

Trump administration could deport under the

2:35

Alien Enemies Act As long as the

2:37

migrants had a chance to challenge

2:39

their removal in court, the administration

2:41

says it did give advance notice, and

2:44

at the very least, the court should narrow

2:46

the stay. Meantime,

2:49

debate continues over the deportation

2:51

of a Salvadoran national. Democratic

2:53

Senator Chris Van Hollen of

2:55

Maryland traveled to El Salvador

2:57

to meet with Kilmar Abrego

2:59

Garcia last week. Bring Kilmar

3:01

home so he can be

3:03

afforded his rights under the

3:06

Constitution. But Republican Congressman Mark

3:08

Harris says Garcia, who is now

3:10

detained in El Salvador, is

3:12

home. He charges that Democrats are

3:14

trying to spin a narrative. That

3:16

this is a Maryland man, that

3:18

this is a Maryland dad, a

3:20

Maryland husband, when in reality he's

3:22

not a Maryland man. He is

3:24

actually a national of El Salvador,

3:26

who is a gang member of

3:28

MS -13. Attorneys representing

3:30

Garcia deny that he's a member

3:33

of MS -13. While the

3:35

Department of Homeland Security asserts that the

3:37

evidence of his gang affiliation is

3:39

undeniable, Garcia entered the country

3:41

illegally in 2019, but had

3:43

been shielded from deportation by an

3:45

immigration judge before federal authorities

3:47

mistakenly deported him earlier this month.

3:51

Yeah, thank you. Happy Easter to you,

3:53

Father. Vice President J .D. Vance met briefly

3:55

with Pope Francis on Easter Sunday at

3:57

the Vatican. I know you've not been

3:59

feeling great, but it's good to see

4:01

you in better health. The visit comes as

4:03

the 88 -year -old Pope continues to recover

4:05

from pneumonia. Fans converted to

4:07

Catholicism in 2019. He and

4:09

Pope Francis have disagreed sharply over

4:11

issues like the Trump administration's

4:13

crackdown on illegal immigration. Pope

4:16

Francis emerged on Easter Sunday to bless

4:18

the thousands gathered in St. Peter's

4:20

Square from the balcony over the Basilica

4:22

entrance. On

4:24

Capitol Hill, work continues on a

4:26

bill that would extend President Trump's

4:28

first term tax cuts, among other

4:30

things. NGOP Congressman Brandon Gill

4:32

says the president and Republicans are determined

4:34

to balance the budget. We're going

4:36

to be cutting spending in this reconciliation

4:38

bill. We've got a lot of

4:41

work to do. We've got billions of

4:43

dollars of green new deal tax

4:45

subsidies that we need to be rolling

4:47

back. We've got Democrats call the

4:49

Trump tax cuts a giveaway to the

4:51

wealthy and House Minority Leader Hakim Jeffries

4:53

charges that Republican plans will make

4:55

things worse. The cost of living in

4:57

the United States of America is

4:59

too high. Donald Trump and

5:01

Republicans promise to lower the cost of

5:03

living. In fact, on day one,

5:05

costs aren't going down. They are going

5:08

up. Republicans argue that

5:10

reining in over spending in Washington

5:12

will bring down inflation and consumer

5:14

prices. Secret

5:16

Service Director Sean Curran is speaking out

5:18

about efforts to strengthen the agency and

5:20

the wake of two assassination attempts against

5:22

President Trump before last year's election. We're

5:24

not going to lower our standards. We're

5:26

looking for the best and the brightest. And

5:28

I will tell you, having the support of the president

5:30

and the secretary, Secretary Noem, she's

5:32

been very supportive as well. The

5:34

Secret Service ran a recruiting ad during

5:36

Super Bowl 59 in February. Curran's

5:39

remarks come as the Trump administration works

5:41

to make cuts at the Department

5:43

of Homeland Security, which controls the Secret

5:45

Service, but officials say they're

5:47

cutting bloat and waste, not

5:49

crucial or necessary resources. I'm

5:55

Kent Covington and still ahead. Legal

5:58

docket, the Monday Money Beat with David

6:00

Bonson and the World History

6:02

Book. This is the world and

6:04

everything in it. It's

6:29

the world and everything in it for

6:31

this 21st day of April 2025. We're

6:33

so glad you've joined us today. Good morning.

6:35

I'm Mary Riker. And I'm Nick

6:37

Iger. Time now for Legal Donkey. In

6:42

2018, an American Israeli named

6:45

Ari Fould was leaving a

6:47

shopping mall in the West

6:49

Bank. About that moment, a

6:51

Palestinian terrorist stabbed him fatally.

6:53

But before he collapsed, Fould

6:55

was able to shoot the

6:57

terrorist, and that prevented him

6:59

from attacking anyone else. The

7:01

attacker ended up surviving. He

7:03

received a life sentence in Israel,

7:05

but was released in February as part

7:07

of a prisoner exchange deal. Israel

7:10

swapped more than 600

7:12

prisoners, including Ari Fould's killer.

7:15

That group, given an exchange for

7:17

six hostages held by Hamas. Speaking

7:20

to I -24 News, Ari

7:22

Fold's brother, Hillel, explained the

7:24

complexity of emotions Israelis feel

7:26

about these swaps. We

7:28

all, you know, we feel the pain,

7:30

but we also recognize that these families

7:32

deserve to be reunited. And it's a

7:34

dissonance that many of us experience. And

7:37

at the same time, it's terribly

7:39

painful to imagine this terrorist who took

7:41

my brother, walking freely. Fold's

7:43

widow, Mariam, had filed a lawsuit

7:45

that finally made it to

7:47

the Supreme Court this month following

7:50

years of legal battles in

7:52

lower courts. We will hear argument

7:54

this morning in case 2420,

7:56

Fold versus Palestine Liberation Organization and

7:58

the Consolidated Case. The other

8:00

consolidated case is Sokolow v.

8:03

PLO, where victims initially

8:05

won more than $650

8:07

million in damages under

8:10

the Anti -Terrorism Act. But

8:12

that decision was tossed out

8:14

by a lower court, ruling that

8:16

U .S. courts lacked jurisdiction over

8:18

the PLO and the Palestinian

8:20

Authority. In response to that,

8:22

Congress in 2019 approved the

8:25

Promoting Security and Justice for

8:27

Victims of Terrorism Act. It

8:29

clarified that U .S. citizens harmed

8:31

abroad by terrorism could seek

8:33

justice in American courts. Specifically,

8:36

the law allowed jurisdiction over

8:38

foreign entities if those entities

8:40

received U .S. foreign aid or

8:42

maintained offices or activities within

8:44

the U .S. Now the

8:46

Supreme Court must decide a

8:48

fundamental legal question. Can Congress

8:50

do that? Can it mandate

8:53

that foreign entities be subject

8:55

to American courts, even for

8:57

actions carried out overseas? Kent

8:59

Yellowitz represented the Fault family

9:01

and other victims, arguing not only

9:04

Congress can do it, it

9:06

should. The United States can

9:08

take many actions in

9:10

response to terror activity abroad

9:12

by the PLO and

9:14

the PA that kills American

9:16

citizens. The government could,

9:18

for example, prosecute them under our

9:21

criminal laws, and they

9:23

admit doing so would not violate

9:25

any due process rights. They

9:27

contend, however, that bringing a

9:29

civil action crosses a red

9:31

line that is unconstitutional under

9:33

the due process clause. That

9:35

is incorrect. The federal government's

9:37

sphere of sovereignty is sufficiently

9:39

broad that it follows American

9:41

citizens wherever in the world

9:43

they might travel. Justice

9:46

Clarence Thomas asked how the

9:48

Fifth Amendment's due process guarantees

9:50

enter into the facts of

9:52

this case. If we analyze

9:54

this under the Fifth Amendment,

9:56

what limitations would the Fifth

9:58

Amendment provide for personal jurisdiction? So

10:00

first of all, the

10:03

Fifth Amendment requires fair notice

10:05

and opportunity to be heard,

10:07

which the defendants had. In addition,

10:09

it protects persons against arbitrary

10:11

government action. Here, the

10:13

statute reasonably advances a legitimate

10:15

government interest and within

10:17

the context of the federal

10:19

government's power. Other

10:21

justices worried about possible

10:23

overreach, Justice Sonja Sotomayor. You're

10:26

basically saying there is no

10:28

due process protection whatsoever

10:30

under the fifth. the amendment,

10:32

even for U .S. citizens,

10:35

because I don't know why it

10:37

makes a difference that this is a

10:39

foreigner or a U .S. citizen. If

10:41

there is, as you're advocating,

10:44

no Fifth Amendment due process

10:47

constraint on government, then

10:49

Congress could, at

10:51

its own whim, say

10:53

you committed an act in

10:55

New York, violated a federal statute,

10:57

get tried in California. Get

11:00

tried in Alaska, get tried in

11:02

Hawaii. Yalowitz responded

11:04

by emphasizing reasonableness. That's

11:06

a key legal standard courts use

11:08

to ensure the government does not overstep.

11:11

He gave an example. Suppose Congress passed

11:13

a law saying anyone who sets

11:15

foot in Paris, France, can be

11:17

hauled into court in Paris, Texas. That

11:20

would clearly be unreasonable. That

11:22

would amount to arbitrary government action

11:25

and would therefore violate due process

11:27

rights. So, reasonableness is

11:29

a good guardrail. Deputy

11:31

Solicitor General Edwin Needler agreed

11:33

with Yellowwits and the victims, emphasizing

11:36

that courts usually defer to

11:38

Congress on issues of foreign

11:40

policy and national security. Congress

11:42

determined that it is fair

11:44

to deem the PLO and

11:46

PA to have consented to

11:48

personal jurisdiction in suits under

11:50

the Anti -Terrorism Act if

11:52

they made payments to or

11:54

on behalf of persons who

11:56

injured or killed Americans in

11:58

acts of terrorism or engaged in

12:00

certain activities in the United States. Both

12:03

of those forms of

12:05

conduct that are jurisdiction

12:07

-triggering are knowing and

12:09

voluntary. They have a

12:12

clear nexus to United States

12:14

territory and to United

12:16

States nationals and to the

12:18

compelling U .S. interests in

12:20

deterring terrorism. But Justice

12:22

Elena Kagan wondered about constitutional

12:24

limits. Well, why is that

12:26

if the minimum contacts test is a

12:28

constitutional test, why does what Congress

12:31

says in a particular statute bonify that?

12:33

Because the minimum contacts

12:35

test grows out

12:38

of 14th Amendment cases

12:40

that provided for

12:42

limitations on state governments,

12:45

those limitations do not apply to

12:47

the federal government. The

12:49

court has said that. For the

12:51

PLO's side, lawyer Mitchell Berger

12:54

acknowledged he's representing a

12:56

deeply unpopular cause. He

12:58

highlighted the historical limits

13:00

of prosecuting defendants who aren't

13:02

actually here. Nobody likes pirates,

13:04

right? Pirates have been bad from

13:06

the founding. Nobody ever thought that

13:08

even though piracy is a crime

13:10

against humanity or it's a crime

13:12

that fits in the Define and

13:14

Punish Clause, that certainly the United

13:16

States can define piracy as an

13:19

offense. But the United States does

13:21

not try pirates in absentia because

13:23

there's a delta between what Congress

13:25

can prescribe as laws and what

13:27

courts can do in adjudicating individual

13:29

claims against someone who violates a

13:32

law with extraterritorial effect. And then just

13:34

as Samuel Alito compared the relative harms

13:36

in the case. What exactly is

13:38

the unfairness in this case?

13:41

And it's the, it would too

13:43

burdensome to litigate this in

13:45

New York where the PA and

13:47

the PLO conduct some activities. Well,

13:50

so what's the unfairness? Berger

13:52

answered the courts have already ruled that

13:54

having an office in the U .S. or

13:56

any kind of seat at the U

13:58

.N. is not enough to establish jurisdiction

14:00

in American courts over the

14:03

PLO. It wouldn't be right to deprive

14:05

it of that liberty interest now. If

14:07

the justices side with Congress, that

14:09

could reshape how American courts deal

14:11

with foreign defendants in jurisdictions far

14:14

from their homes. I think that

14:16

side will prevail, though, as I

14:18

counted at least five justices leaning

14:20

that way. All right, so we

14:22

can get caught up a bit on

14:24

our cases. There is another overseas terror

14:26

case to touch on in brief. This

14:29

one deals with financial support

14:31

for terror. It's Blom Bank

14:33

v. Honigman. Here, victims

14:35

and family members accused a

14:37

Lebanese bank of supporting Hamas

14:39

financially. Lower courts dismissed

14:41

the case twice, and now

14:44

the Supreme Court must decide

14:46

how much flexibility the courts have

14:48

to allow plaintiffs to amend

14:50

complaints after dismissal. All right,

14:52

one more quick hit. Estoross v.

14:54

U .S. In this one, the

14:56

court is weighing how much discretion

14:58

judges have when they revoke the

15:00

supervised release of a prisoner. Edgardo

15:03

Estoross violated the terms of

15:05

his supervised release when he fired

15:07

a gun during a domestic

15:09

dispute. The recommended sentence for

15:11

that was between 6 and 12

15:13

months, but the judge gave him

15:15

two years, saying it was necessary

15:17

to promote respect for the law. Esther

15:19

Ross argues federal law doesn't

15:21

give judges that kind of power.

15:23

In cases like these, they're

15:25

supposed to consider only rehabilitation, not

15:28

punishment. But that leads

15:30

to a tricky question. How is

15:32

a judge supposed to consider the

15:34

nature of someone's offense without considering

15:36

the seriousness of it? Justice Samuel

15:38

Alito pointed out this tension directly.

15:41

Under the statute, the

15:43

judge must consider the

15:45

nature and circumstances of

15:47

the offense. But on

15:49

your reading of the statute, the

15:51

judge may not consider

15:54

the seriousness of the offense.

15:57

And how is the judge supposed to do that?

15:59

In other words, what's the real difference between

16:01

considering the nature of an offense

16:03

and punishing someone for it? That's

16:05

what the justices have to figure

16:07

out. Finally, today, one

16:09

case the justices did figure

16:11

out. It's a unanimous one, Cunningham

16:13

v. Cornell. Right, this one

16:15

makes it easier for employees

16:17

to challenge retirement plan managers, ruling

16:19

that employees don't have to

16:21

disprove every defense just to get

16:23

their case heard. Employers

16:25

must justify their own decisions, and

16:28

that will reinforce protections for workers

16:30

who are saving up for retirement.

16:33

And that's this week's Legal Docket. Additional

16:53

support comes from Eyewitness,

16:56

an immersive audio drama

16:58

exploring stories of faith

17:00

and transformation on podcast

17:02

apps or at the

17:04

letter eyewitnesspod .com. And

17:07

from Life International, fighting

17:09

the scourge of abortion globally,

17:11

teaching about the Father's heart

17:13

for life. Coming

17:26

up next on The World and Everything

17:28

in It, the Monday Money Beat. Time

17:33

now to talk business markets and the

17:35

economy with financial analyst and advisor

17:37

David Bonson. David heads up the wealth

17:39

management firm the Bonson Group. He

17:41

is here now and good morning David.

17:43

Good morning Nick. Good to be

17:45

with you. Well good to be with

17:47

you too David. So we've talked

17:50

over the past several weeks an awful

17:52

lot about tariffs and finally I've

17:54

got a story that isn't tariff driven.

17:56

It is President Trump driven with

17:58

a touch of tariff policy, but it

18:00

would be the spat between the president

18:02

and the chairman of the Federal Reserve,

18:04

Jay Powell. And I should note, this

18:07

is the Jay Powell that President

18:09

Trump nominated in his first White House

18:11

term in 2018, and now he's

18:13

fallen out of favor. What's going on

18:15

there as far as you can

18:17

tell? Well, I want to give

18:19

all sides of it here. It's a

18:21

tricky thing for me, like so much

18:24

with markets and the economy that require

18:26

nuance. because it doesn't

18:28

lend itself to sort of this

18:30

side versus that side. There's a

18:32

few different things to say. I'm

18:34

critical from time to time of

18:36

this Fed chair, Jay Powell. I'm

18:38

often more critical of the role

18:40

that we have asked the Fed to

18:42

play. And I don't really blame

18:44

a particular Fed chair for doing the

18:46

job they were given to do

18:48

that I don't think they should have

18:50

been given to do. And I

18:52

have to separate where I'm critical of

18:54

the way a Fed chair is

18:56

doing their job versus the job itself,

18:58

you know, that I may not

19:00

agree with. And there's a little

19:02

bit of both sometimes with Chairman Powell.

19:04

I do know him to be a

19:07

very earnest and sincere man. And I

19:09

have differences with him about certain elements

19:11

of monetary policy. The

19:13

president right now is upset with Jay

19:15

Powell because he did not cut

19:17

rates at the last meeting. And

19:19

this week, he gave a

19:21

speech at the Economic Club

19:23

of Chicago, where he stated

19:25

that they have concerns about

19:27

the tariffs coming in, pushing

19:29

prices higher and impacting some

19:31

of their plans of monetary

19:33

policy, and yet perhaps then

19:35

putting downward pressure on growth.

19:38

And so it kind of could

19:40

lend itself to a stagflationary

19:42

environment, which is very difficult for

19:44

a central bank to deal

19:46

with. I

19:48

don't know if President Trump's

19:51

upset that he said it

19:53

and believes the Federal Reserve

19:55

Chair should not be criticizing

19:57

or commenting on potential policy, or

20:00

if he's upset about what he

20:02

didn't do in policy terms, which is

20:04

go cut rates more. The

20:06

president's always wanted lower interest rates.

20:08

He always wanted lower rates when he

20:10

was a very leveraged real estate

20:12

investor. And every president we've

20:14

ever had or ever will have, if

20:16

they could control the central bank, would

20:19

like lower rates, not higher rates. I

20:21

interpret it as the president working the

20:23

rafts a little bit. The irony of this

20:25

whole thing, Nick, is that Jay Powell

20:27

is going to be doing exactly what President

20:29

Trump wants anyways. The Fed

20:31

funds futures market have said

20:34

all throughout that there's probably

20:36

four rate cuts coming this

20:38

year, potentially five. And

20:40

so whether or not President Trump was

20:42

complaining about this, I think that Powell

20:44

would be doing it, but he doesn't

20:46

want it to appear. but he's responding

20:49

to the president's you know prodding and

20:51

so we're gonna have to watch this

20:53

play out a little i suspect my

20:55

theory is the right one. that the

20:57

president's just work in the rafts a

20:59

little bit. Work in the rafts. Well,

21:01

you mentioned Fed optics there. Powell doesn't

21:03

want to be seen as reacting to

21:06

presidential prodding. He's got to be seen

21:08

as independent. And there is something unseemly,

21:10

I guess, about a president jawboning a

21:12

Fed chair. But I have to say,

21:14

and by the way, let me put

21:16

up a link to Powell's Chicago speech.

21:18

I'll do that in the transcript. But

21:21

Powell doesn't seem to mind complaining

21:23

about White House policy. Well,

21:26

there's a lot of different elements

21:28

involved in the optics of what's going

21:30

on. And so on one hand,

21:32

it's so funny how many on the

21:34

right have said, oh, inflation's so

21:36

high and it's not going lower. And

21:38

why would the Fed cut? And

21:40

then now President Trump's in and they're

21:42

saying, hey, inflation's come back down.

21:44

He should be cutting rates. And so

21:46

everybody's view on inflation tends to

21:49

be highly levered to their own political

21:51

outlook. There's no question that inflation

21:53

has moved a lot. towards the Fed's

21:55

target. On a headline basis,

21:57

it isn't showing there yet. But as

21:59

I've been pointing out on this podcast

22:01

for over a year, I believe that's

22:03

because of a misreading of the data

22:05

around shelter and rents. So I

22:07

don't have any problem at all with the

22:09

Fed cutting rates. I do think they're too

22:11

tight, and I do think the economy is

22:13

slowing down substantially. And I think

22:16

a lot of that is because of the

22:18

uncertainty around tariff threats. But it's

22:20

a peculiar position for the president to

22:22

say. that the economy is doing great

22:24

and tariffs aren't going to hurt the

22:26

economy and the Fed should be quickly

22:28

cutting rates because of a slowing economy.

22:31

Now, by the way, there's a legitimate criticism I'll bring

22:33

up. I was on The Cutlow

22:35

Show on Fox over the weekend

22:37

and an economist from Heritage said

22:39

that it wasn't fair that Jay

22:42

Powell never criticized Joe Biden for

22:44

all his spending, but then

22:46

he is criticizing the potential of these

22:48

tariff policies. And I think

22:50

that the prima facie, that's a legitimate

22:52

issue. But then my question is, so

22:54

what is it we're asking for? We're

22:56

asking that he not criticize the tariff

22:58

policy or we're saying he should have

23:00

criticized the Biden policy. you

23:02

know, there's a sauce for goose, sauce

23:04

for gander thing going on here too,

23:06

right? Right. Yeah. Right. It works both

23:08

ways. Yeah. So, hey, before we have

23:10

to go, David, we continue to hear

23:12

warnings of a recession and I'd love

23:14

to get from you a read on

23:17

where you think the economy stands right

23:19

now, the health of the economy from

23:21

what you're able to see, the indicators

23:23

that you pay attention to. Well, the

23:25

signals we look at are going to

23:27

be backward -looking, and then the things I

23:29

most care about are forward -looking. And

23:31

when I look forward, it has

23:33

to do with what I know to

23:35

be a significant decline this quarter in capital

23:37

goods investment. And

23:39

then anecdotally, the conversations I'm having

23:41

with what is right now well

23:43

over 100 business owners, that if

23:45

they're a bad representative sample, then

23:48

that's what it is. But I

23:50

have a very hard time believing that

23:52

my 128 business owners I'm

23:54

surveying are that different from a

23:56

lot of others out there, and

23:59

that uncertainty theme

24:01

is pretty much unanimous.

24:04

There's varying degrees of severity of

24:06

what that means, some saying

24:08

that they worry for the sustainability

24:10

of their very business's existence,

24:12

and others saying we may face

24:15

cutbacks later in the year.

24:17

But nobody's going out doing big

24:19

orders. No one's going out

24:21

doing big investments, whether

24:23

it's R &D, research

24:25

and development, or hard

24:27

capex of investing into

24:30

big inventory, big factories,

24:32

big manufacturing, capital goods. And

24:35

so you have all that

24:37

up against the uncertainty and

24:39

the upside, the upside uncertainty

24:41

of the tax bill. that

24:43

really the uncertainty on the

24:46

tariff thing could not necessarily

24:48

be wiped away or be

24:50

made all good, kind of

24:52

whitewashed, but there's a

24:54

good degree of offset if they

24:56

really could get this tax bill

24:58

done above and beyond just extending

25:00

the Trump tax cuts with things

25:02

like 100 % business -expensing or any

25:04

other additional reduction of the corporate

25:06

tax rate, which would be hard

25:09

to do. So that's the

25:11

stuff I'm looking for forward -looking, Nick.

25:13

I don't care about retail sales

25:15

last month. I don't care about consumer

25:17

confidence last month. All I have

25:19

to do is look at Fifth Avenue, and I

25:21

know people in America still love to shop, so I'm

25:23

not worried about any of that. But

25:25

business is not investing. That will catch

25:27

up with us this summer in the economy.

25:30

And we already know, even though

25:32

we're not talking a whole lot

25:34

about tariffs today, we already know

25:36

that that stuff is still lingering

25:39

in terms of China and other

25:41

trade deals. All right. David Bonson,

25:43

founder, managing partner and chief investment

25:45

officer of the Bonson Group. David

25:47

writes at worldopinions and at dividendcafe.com. Hey,

25:50

David, thanks. We'll see you next week. Thanks so much,

25:52

Nick. Good to be with you. Today

26:12

is Monday, April 21st. Good morning.

26:14

This is The World and everything in

26:16

it from listeners supported World Radio. I'm

26:19

Mary Reichard. And I'm Nick

26:21

Iker. Today, a special World History

26:23

book. Right. Springtime is not

26:25

just about showers and flowers. It's

26:27

also about history and the

26:29

timeless songs inspired by the changing

26:31

seasons. Here now is

26:33

Bob Case opening the Great American

26:35

Songbook to celebrate a musical tradition

26:37

generations in the making. We

26:45

are in a special time of

26:47

the year when our fancy turns to

26:49

the outdoors. While the

26:51

fruitfulness of the earth becomes

26:54

more apparent as buds and

26:56

blossoms appear, human fruitfulness

26:58

in the form of affection and

27:00

love become more prominent in our

27:02

hearts and culture. As

27:04

Lord Tennyson waxed in his

27:06

poem, Locksley Hall, in the

27:08

spring a young man's fancy lightly

27:11

turns to the thoughts of love.

27:14

In the biblical song book, King Solomon

27:16

had the same sentiments when he

27:18

wrote in his song of love. See,

27:22

the winter is past, the rains

27:24

are over and gone, flowers appear

27:26

on the earth, the season of

27:28

song has come, the cooing of

27:30

doves is heard in our land,

27:32

the fig tree formed its early

27:35

fruit, the blossoming vines spread

27:37

their fragrance. Arise,

27:40

come my darling, my

27:42

beautiful one. Come with

27:44

me. Turning

27:49

now to the American Songbook,

27:51

where do I begin? With

27:54

songs extolling April in human

27:56

love. The earliest

27:58

popular standard is the 1921

28:00

Golden Oldie, April Showers

28:02

from the Broadway show Bombo.

28:07

Buddy De Silva and Lou

28:09

Silver's wrote the number. but

28:11

the extraordinary vocalist Al Jolson

28:13

made it famous. When

28:26

Jolson introduced the

28:28

song, he unexpectedly

28:30

jumped up on

28:32

the stage runway,

28:34

pointed his right arm to the gallery, and

28:37

shouted, Look! Look! 306

28:45

curtain calls later, April

28:48

showers had become part of

28:50

Jolson's permanent repertoire. The

28:52

song also became the last

28:54

song he ever sang in public

28:56

to wounded American soldiers in

28:58

a Korean hospital in 1950 when

29:01

he was dying himself. Next

29:13

up on our cavalcade of

29:15

spring standard is the most

29:17

famous of all April song

29:19

from the American song book,

29:21

The Beautiful and Haunting April

29:23

in Paris. The

29:30

lyrics tell of a love for

29:32

a beautiful and romantic city. with

29:34

the realization that the love of

29:36

a person is what makes April

29:38

and the City of Lights so

29:40

special. In

29:45

1934, Freddie Martin's

29:47

Orchestra had a number

29:49

five hit with

29:51

the song. Almost

29:54

20 years later, April

29:56

-born Doris Day revisited the

29:58

standard in the 1952

30:00

movie, April in Paris.

30:14

Moving on in 1957,

30:17

Sammy Fain and Paul Francis Webster

30:19

wrote April Love for the movie of

30:21

the same title. Early

30:23

rock and roll superstar and

30:26

outspoken Christian Pat Boone recorded

30:28

the song which charted for

30:30

19 weeks, sold over a

30:32

million records, and was nominated

30:34

for an Academy Award. April

30:57

is a time for recommitment to

31:00

the things that matter most to

31:02

us. Love,

31:04

romance, new birth, even

31:07

spring cleaning. As

31:09

far as the Bible is concerned, April

31:11

is the beginning of the year when

31:13

the fruitfulness of God's creation is evident

31:16

to all. The Bible refers

31:18

to April as the first month,

31:20

the turn of the year, the beginning

31:22

of the months, or even months

31:24

that you came out of Egypt, signifying

31:27

God's new life. The

31:30

church has long recognized the

31:32

pleasures of April in her hymns.

31:35

We close today with 18th

31:37

century English and this Isaac

31:39

Watson is wonderful him. There

31:41

is a land of pure

31:43

delight sung here by the

31:45

Mennonite table singers Let

32:00

your Spanish pain

32:03

There everlasting springs

32:05

of hearts

32:07

And never withering

32:10

flowers Death

32:12

like a narrow city

32:14

voids This heavenly

32:16

land from us Lots

32:18

assures us that

32:20

the love of our

32:23

life, Jesus the

32:25

Christ, awaits us in

32:27

the land of pure

32:29

delight where spring lasts forever.

32:31

So rejoice, fellow Christians,

32:33

in April because it is

32:35

a foretaste of eternal

32:37

April's. Robert Case.

32:39

But time where

32:41

Moses stood And

32:43

through the landscape

32:45

wore Not Jordan's

32:47

stream nor death

32:50

so far Should

32:52

fright us from

32:55

the shore Tomorrow,

33:05

Earth Day 2025.

33:09

explore the Dominion Mandate hear

33:11

from a farmer who believes

33:13

that is the key to

33:15

better agriculture And a mother

33:17

whose relentless love cut bureaucratic

33:20

red tape her adopted daughter That

33:22

more tomorrow. I'm Nick Iker.

33:25

I'm Mary Reichard. The world everything in it

33:27

Comes to you from World World's

33:30

is objective journalism

33:32

informs, educates, and inspires

33:35

The psalmist writes, As for

33:37

man, his days are like grass

33:39

He flourishes like a flower of the

33:41

field For the wind passes over

33:44

it and it is gone And its

33:46

place knows it no more But

33:48

the steadfast love of the Lord Is

33:50

from everlasting to everlasting On those

33:52

who fear Him Part of verses 15

33:54

through 17 of Psalm 103 Go

33:56

now in and peace. You