AUSATM,10-11,218

AFRICA USA TODAY MAGAZINE

Politicosocionomics of World Peace

www.africaustodaymag.com 312/880-7016 Oct.-Nov., 2018 U.S.- $4.99 Canada- $5.99 London- 3 Pounds

Mrs. Caroline Ayo Soyemi celebrates 50th Birthday

Mrs. Caroline Ayo Soyemi celebrated

50th birthday in Grand style

The Idreez family

Nigeria’s 58th Independence Day Chicago Urban League Gala Bank of America Chicago Marathon Africa News

International Manufacturing Technology Show Politics Book & Media Club World News Ghanian Margaret Ayertey celebrates 70th Birthday Business

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PUBLISHER’S OPINION

Olawale Idreez, Publisher Mary Ellen Richard,Executive PR

My Dream Sky-Jet named “Ambition”

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EXEC. MARKETING DIRECTOR/ PUBLIC RELATIONS DR. STACEE LANG

MARY ELLEN RICHARDS PR CONSULTANT REGIONAL EDITOR ADEMOLA LAWAL

FASHION CONSULTANT KEYY LANG

EDITORIAL ASSISTANT

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Robert L. Scott Sr. Photography

Contents

JOHN E. SMITH JR. EDITOR-IN-CHIEF

CelebratingNigeria’s 58th Independence Day & Aretha’s Legacy

This issue we are celebrating Nige-

ria’s 58th Independence Day & the “Queen of Soul”, Aretha Franklin.

The legacy of Aretha is one of being one of the most gifted singer crossing multiple genres of music including gospel, R&B, as well as opera.

We celebrate Nigeria’s 58th Independence Day. Enjoy, have fun, & be safe!

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Mrs. Caroline Ayo Soyemi’s extravagant Birthday Bash on Chicago’s Northwest side!

Africa USA Today Magazine felicitated with one of the Chicago- Nigerian top socialites on her 50th glorious birthday.

There’s no better way to give thanks to the Lord for His goodness, than to rejoice with your families and friends from across the globe to celebrate with you and your loved ones. Praise the Lord!

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POLITICS

Who’s running for Chicago Mayor?

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POLITICS

Who’s running for Chicago Mayor?

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POLITICS Kwame Raoul Attorney General candidate

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Illinois Political Candidates

Illinois Political Candidates

POLITICS

J.B. Pritzker and Bruce Rauner face off in debate for Illinois Governor race.

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Mo Farah To Race Chicago Marathon vs. Galen Rupp View Full 2018 Chicago Marathon Coverage Jun 14, 2018 Johanna Gretschel

CHICAGO – The Bank of America Chicago Marathon announced today that four-time Olympic gold medalist, six-time world champion and five-time European champion Mo Farah will join the 2018 Chicago Marathon elite competition. In 2012, Farah became the first British athlete in history to win an Olympic gold at the 10,000m, and he is just the second athlete in history to pull off back-to-back gold medals in both the 5000m and 10,000m at the 2012 and 2016 Olympic Games.

The Chicago Marathon marks Farah’s third go at the distance and his first 42K on U.S. soil. He joins defending champion and former training partner, Galen Rupp, at the front of this year’s elite pack.

Farah and Rupp made history together at the 2012 London Olympics, finishing with the gold and silver in the 10,000m.

If you're in the U.K. or Ireland, you can watch Farah duel Rupp at the Chicago Marathon LIVE on FloTrack!

“Mo and Galen are two of the greatest distance runners of all time,” said Executive Race Director of the Bank of America Chicago Marathon Carey Pinkowski. “They come to Chicago following in the footsteps of incredible runners like Khalid Khannouchi, Sammy Wanjiru, Moses Tanui, Paul Tergat, Steve Jones and more. These two runners have competed at the highest level of competition and I’m confident they will come prepared for what’s shaping up to be an epic showdown.”

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Reflections from Africa Festival of the Arts Gala 2018

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Trump’s new trade deal gets a few things right while falling short

BY JESSE JACKSON October 1, 2018

Donald Trump on Monday announced a new NAFTA draft treaty, renamed for showtime as the U.S.-Mexico-Canada Agreement.

Canada, ignoring Trump’s insults and gibes, threats and posturing, joined Mexico in making a deal. The new pact contains some much needed reforms — and falls glaringly short in critical areas. Auto workers and truckers get some relief. Big oil and Big Pharma get paid off. The prices of prescription drugs will go up in Canada and Mexico.

For Trump, the agreement is about politics. He set the arbitrary deadline for signatures so that he might have a revised draft agreement to trumpet during the run-up to the November elections. For working people, particularly manufacturing workers and farmers, the show is less important than the substance. And the substance is a very mixed bag.

Trump is to be applauded for forcing the renegotiation, despite the hand-wringing of the corporate trade advocates in both parties. In many ways, he had little choice.

Working people had paid a huge price under the original NAFTA and demanded change. Labor unions built a large coalition against NAFTA and future agreements like it, including the Trans Pacific Partnership.

Sen. Elizabeth Warren led the assault on the outrageous private legal system that NAFTA and other agreements set up for corporations, giving them the right to sue the U.S. before private tribunals with corporate lawyers acting as judges. Sen. Sherrod Brown and Rep. Rosa DeLauro built the coalition that made it clear that the TPP would never gain approval from the Congress.

By the time of the 2016 election, every major candidate — Hillary Clinton, Bernie Sanders and Donald Trump — announced their opposition to the TPP and criticized NAFTA. Trump was savvy enough to make trade and NAFTA a centerpiece of his economic argument in the campaign.

Trump’s deal makes some significant reforms that should be applauded. It reins in the outrageous Investor State Dispute Settlement, curbing the ability of corporations to use private tribunals to collect millions and attack environmental and health policies. It raises safety standards on trucks coming from Mexico, a significant concern for citizens across the country.

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Ifu Ennada’s tragedy inspired her new film “Tears of a Broken Virgin”

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AFRICA NEWS

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AFRICA NEWS

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AFRICA NEWS

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AFRICA NEWS

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What Policy for Housing?

James D. Shilling DePaul University Within the US, a subject of growing importance for US policy makers is whether this or the next government needs to reign in house prices.

Questioning Whether US Housing Prices are in a Bubble Some argue (including Nobel Laureate Robert Shiller) that housing is off on another bubble. These economists point to graphs of US house prices (like the one shown below) and conclude that low interest rates are promoting another housing bubble.

Index of US House Prices (in Real Terms), 1880-2015

Source: U.S. Home Price and Related data, for Figure 3.1 in Robert J. Shiller, Irrational Exuberance, 3rd. Edition, Princeton University Press, 2015, as updated by author.

This Housing Boom is Different The latest housing boom is different. In January 2006, single-family housing starts in the US peaked at an annual unit rate of 2,273k (see chart below). In April 2009, US housing starts troughed at an annual 478k unit rate. There followed a rather unprecedented intervention by the Fed to boost housing and keep recession at bay, including unusually easy monetary policy and non-conventional monetary policy (dubbed quantitative easing (QE), later becoming QE1, QE2, and QE3) directed not at expanding the Fed’s balance sheet, but at increasing the availability of mortgage credit and thereby boosting the overall demand for homes. In spite of this, as can be seen in the chart below, residential construction in the US has still not reached the average level of new construction over the past 55 years of 1,400k units.

A Simple Supply-and-Demand Argument These considerations lead to a simple explanation which can explain the recent house price movements in many markets. All else being equal, with a below-normal supply, house prices will generally increase. But this raises the question, what, if anything, should be the policy response? Should the US Federal Reserve, for example, raise interest rates and pop the bubble?

Or would this simply bring on a recession? Anyway, if consumer prices are stable, should the US Federal reserve even care about house price inflation?

It’s Not Just a US Problem Rising house prices is not just a US problem, but a problem directly affecting other countries as well. Consider, for example, the case of the UK housing market. As the chart below makes clear, house prices in the UK are up to 20-25 percent higher today than they were at their peak in the late 2008.

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– The Association For Manufacturing Technology, which owns and produces IMTS. “The rapid growth of digital technology,

BUSINESS

automation and additive manufacturing are especially driving interest. The booming manufacturing economy means visitors have capital and are ready to invest.”

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IMTS Exhibitions Department 7901 Jones Branch Drive, Suite 900 McLean, Virginia 22102 800-828-7469 | Fax: 703-827-5250 | www.IMTS.com Contact: Bonnie Gurney Director – Industry Partnerships, AMT 703-827-5277 bgurney@AMTonline.org

016)

logy Show

RECORD BREAKER: IMTS 2018 LARGEST SHOW EVER ▪ IMTS.com ▪ 1 Exponential technology advances, strong economy propel Published September 17, 2018 North America’s premier manufacturing show

McLean, Va., (Sept. 18) – A rapidly transforming industry sparked IMTS 2018 – The International Manufacturing Technology Show, to set all-time records for show metrics. The 32nd edition of the show drew a record registration of 129,415 people and featured 1,424,232 sq. ft. of exhibit space representing 2,123 booths and 2,563 exhibiting companies. IMTS 2018 ran from Sept. 10 – 15 at Chicago’s McCormick Place. Previous records were 121,764 registrants (IMTS 1998), 1,415,848 sq. ft. of exhibit space (IMTS 2000), 1,808 booths (IMTS 2016) and 2,407 exhibiting companies (IMTS 2016).

“Connectivity, the digital transformation of manufacturing, automation, additive manufacturing and a strong economy drove record numbers at IMTS 2018,” says Peter R. Eelman, Vice President – Exhibitions & Business Development at AMT – The Association For Manufacturing Technology, which owns and produces IMTS. “Digitization collided with a robust manufacturing industry to create our most dynamic show ever.”

– more – AFRICA USA TODAY

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EVENTS

Ghanian Margaret Ayertey celebrating her 70th Birthday

Joliet, IL

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Bolingbrook Golf Club

John E. Smith Jr. Photography

EVENTS

Ghanian Margaret Ayertey celebrating her 70th Birthday

Joliet, IL

Bolingbrook Golf Club

John E. Smith Jr. Photography

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Book Club Features

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2018 RCCI’S Chicago Oscar Best Publisher Award

Indivisible Chapter Leader ; Annie Williams

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Indivisible Chapter Leader ; Annie Williams

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A statement on Laquan McDonald Verdict

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Post Show Report

Registrations

129,415 Previous Record: 121,764 ( IMTS 1998)

Sq. Ft. of Exhibit Space

1,424,232

Show Info International Manufacturing Technology Show September 10 - 15, 2018 McCormick Place ▪ Chicago “IMTS 2018 set records because manufacturing technology has grown exponentially since last show,” says Peter R. Eelman, Vice President – Exhibitions & Business Development at AMT – The Association For Manufacturing Technology, which owns and produces IMTS. “The rapid growth of digital technology, automation and additive manufacturing are especially driving interest. The booming manufacturing economy means visitors have capital and are ready to invest.”

Previous Record: 1,415,848 sq. ft. (IMTS 2000)

Exhibiting Companies

2,563

Previous Record: 2,407 ( IMTS 2016)

Booths

2,123 Previous Record: 1,808 (IMTS 2016)

International Manufacturing Technology Show Produced by AMT − The Association For Manufactione Technology

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IMTS.com

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Published September 17, 2018