Did you know that the Eurovision Song Contest, often seen as a purely cultural event, has been used by participating countries to boost their national image, impacting tourism and, indirectly, economic growth?

With this in mind, people should not sweep this year’s Eurovision Song Contest under the rug.

In this edition of our newsletter, we’ll take a look at these three topics:

• President Milei’s Bold Austerity: First, we explore the significant economic reforms of President Javier Milei's administration 💪

• Lessons from Eurovision: Next, we’ll look at the social and political undercurrents of this year's Eurovision Song Contest in Malmö 🎤

• The Great Hedge Fund Billionaire Calls On Harvard To Embrace Western Values: Finally, we’ll discuss billionaire Ken Griffin’s critique of the current cultural shifts in American education 🏛️

Stay tuned as we explore these topics, keeping you informed and engaged!

President Milei’s Bold Austerity 💪

Inflation data for April rose 9% compared to March, but that’s down from monthly rates of 25% before the new president took office late last year.

In the first quarter of 2024, the government posted a fiscal surplus—its first in 16 years—as it stopped unchecked money printing that was fueling inflation.

That has led the country’s nosediving currency to stabilize ⚖️

And while central-bank reserves are still critically low, the government has accumulated about $12 billion in recent months.

President Javier Milei cut government spending by 40% in the first quarter of 2024, largely by slashing financial transfers to provinces, stopping public works, and holding salaries and pensions at steady levels instead of raising them with inflation.

To keep the ball moving forward, Milei is pressing the Senate to approve a bill with some 230 articles that would privatize some state companies, loosen stiff labor regulations and increase government revenue by restoring the income tax that was eliminated last year by the previous government.

Despite the economic pain that accompanies such deep government spending cuts, the president still enjoys high popular support.

Hopefully the economy begins a strong recovery while his support is still high 📈

Lessons From Eurovision 🎤

Plato said that when music changes, politics will change.

The Eurovision Song Contest’s final in Malmö, Sweden, Saturday night exposed Europe’s widening social schism and may predict next month’s European Union elections.

When Israel’s entrant, Eden Golan, came to Malmö, a leftist-Islamist rabble massed outside her hotel, baying for Israel’s expulsion from Eurovision and the world 🤬

The mob included Greta Thunberg, once the face of the climate apocalypse, now a boycotter of the Jewish state.

Israel is a global leader in desalination and water management.

As in the tech and military sectors, Israel punches above its weight.

While fighting for its existence, it has won Eurovision four times.

This year’s entry, “October Rain” by the 20-year-old Ms. Golan, was a lament for the victims of Hamas’s terrorist rampage.

The European Broadcasting Union forced Israel to tone down the “political” lyrics; the title became “Hurricane” 🌪️

Malmö is notorious for gang wars, Islamist recruitment and anti-Jewish violence 💣

The police told Ms. Golan to stay in her hotel because they couldn’t guarantee her safety.

Trade unions at the Belgian state broadcaster briefly blacked out the screen rather than show the singer from Israel.

The BBC’s flagship current-affairs program devoted time to a drag queen, who explained huskily why he was boycotting the event.

But telephone voters put Eden Golan in a close second place 🥈

Eurovision voting resembles EU voting.

The voters send national representatives to the EU Parliament in Brussels, but the unelected European Commission overrules them.

In Eurovision, half the points come from national telephone votes, half from unelected juries.

Across the Continent, the nationalist right is leading the polls for June’s elections.

The jurors of Brussels will try to overrule the voters, fearful of immigrant and Islamist violence, but the EU’s show can’t go on forever without the majority’s support.

Europe’s silent majority gave Eden Golan strong support.

They also know what it’s like to be attacked by Islamists, demonized by leftist elites, and derided for defending their borders and their way of life 😞

Israel placed fifth this year, due to low support in the jury voting.

But it came second to Croatia in the popular vote.

Though Ireland’s entrant, a “nonbinary” satanist named Bambie Thug, had called for Israel’s expulsion, Irish voters put Israel in second place.

Israel topped the popular vote in Britain, Spain, Germany, France, Finland, Sweden, Holland, Belgium, Switzerland, Portugal and Italy 🏆

Europeans may struggle to tell good tunes from bad, but they know the difference between good and evil.

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The Great Hedge Fund Billionaire Calls On Harvard To Embrace Western Values 🏛️

Ken Griffin has called on Harvard University to embrace western values, with the billionaire hedge fund manager and donor saying the turmoil sweeping across college campuses was the product of a “cultural revolution” in US education.

Griffin founded the $63bn US hedge fund Citadel and has given more than $500mn to his alma mater.

He stated that the US had “lost sight of education as the means of pursuing truth and acquiring knowledge” 📚

“The narrative on some of our college campuses has devolved to the level that the system is rigged and unfair, and that America is plagued by systemic racism and systemic injustice.”

“What you’re seeing now is the end-product of this cultural revolution in American education playing out on American campuses, in particular, using the paradigm of the oppressor and the oppressed.”

Back in January, Griffin called Harvard students “whiny snowflakes” and said he was pausing donations to the university over its handling of antisemitism on campus, which he blamed on its “DEI agenda” ❌💰

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