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import export

(Photo: REUTERS)

U.S. import prices saw their biggest drop in six years in December fueled by falling petroleum costs, which single-handedly kept import inflation pressures down.

The Labor Department said on Wednesday import prices fell 2.5 percent in Dec., which is the largest decline since December 2008. In November, they fell 1.8 percent in November, but it is now the sixth straight month of declines in import prices.

Economists polled by Reuters had forecast import prices dropping 2.9 percent last month. In the 12 months through December, prices fell 5.5 percent, the largest drop since 2009.

Weak global market demand and a booming increase in U.S. shale production are fueling downward pressure on crude oil prices. Brent crude oil (EPA:BRNTB) prices fell to a near six-year low on Tuesday, while a strong dollar (USDUSD) is also helping to slow imported inflation pressures.

Imported petroleum prices tanked 16.6 percent in December, which is also the biggest drop since December 2008. In November, it declined 9.1 percent, while imported food prices rose 0.9 percent.

Import prices excluding petroleum edged up 0.1 percent last month after falling 0.3 percent in November.

The Labor Department report also showed export prices fell 1.2 percent in December, which is the biggest drop since June 2012, as a strong dollar reduces the competitiveness of U.S. exports. Prices had declined 0.8 percent in November.

In the 12 months through December, export prices have fallen by 3.2 percent, or the biggest decline since 2009.

U.S. import prices saw their biggest drop

President Jimmy Carter blamed Israel for the Paris terror attacks this week in an interview with John Stewart on the Daily Show. The comments are just the latest in a series of controversial statements regarding Israel, Islamic terrorism and the West.

“Well, one of the origins for it is the Palestinian problem,” the 39th President of the United States said. “And this aggravates people who are affiliated in any way with the Arab people who live in the West Bank and Gaza, what they are doing now — what’s being done to them. So I think that’s part of it.”

Of course, the attack on the French satirical newspaper Charlie Hebdo had nothing to do with Israel. The pair of Islamic radical brothers believed they were avenging the honor of Islam and the Prophet Muhammed, who the newspaper repeatedly mocked (along with other religions) on their covers.

In fact, in their newest issue, the cover features a caricature of the Prophet Muhammad holding a sign that reads, “Je Suis Charlie” (I am Charlie), with the words “Tout Est Pardonne” (All Is Forgiven) above his head.

Carter, a winner of the Nobel Peace Prize for brokerage of a deal between Israel and Egypt, has a long history of apologizing or making excuses for radical Islam, though recently it seems to be a growing problem. Recently, he met with a leader from the terror group Hamas in Damascus, Syria, where he hides from Israeli justice. In photos, Carter is seen hugging and smiling with Khaled Meshal, a man who leads a group on the top of the State Department’s list of terrorist organizations.

President Jimmy Carter blamed Israel for the

ohio-state-riots

Ohio State fans rushed the streets and the field following the game. (Photo: Toledo Blade[2007])

Various members of my family have roots at Ohio State University, from college degrees to employment, so my husband and I were plenty happy to watch the Buckeyes defeat the Oregon Ducks for the national championship.

O-H.

I-O.

Yes, we’re those people.

I state this upfront because I don’t want anyone misunderstanding my motives here. This column is driven by my disgust with out-of-control students and fellow journalists who cherry-pick vocabulary depending on what kind of people they see flooding into streets and setting fires.

Within an hour after Ohio State’s victory in Dallas on Monday, more than 5,000 people — most of them young white students, many wearing OSU garb — flooded into the street in Columbus. It is safe to say the majority of them started out in a partying mood.

Unfortunately, things turned ugly fairly quickly. Columbus police said Tuesday that emergency responders had to put out 89 fires. Many of the fires were in dumpsters; at least three couches were dragged outside and set on fire, too. One of these couch fires was caught on video, with someone yelling “Dude!” in the background. But of course.

Police say several thousand other students broke through a locked gate at the stadium and tore down a goal post. Police spokeswoman Denise Alex-Bouzounis told me students also were jumping on firetrucks — news videos confirm this — and blocking cruisers.

Soon hundreds of Columbus police dressed in riot gear and camouflage showed up. By the way, I don’t understand how anyone can think camouflage designed for jungles and deserts conceals police officers approaching a crowd dressed in scarlet and gray, but that’s the world we’re living in these days. Images of this night started with flashes of crazy-happy kids dancing in the streets and quickly grew dark with scenes from a war zone.

After students refused to disperse from North High Street, officers — 100 of whom will be billing the city for overtime, Alex-Bouzounis said — began shooting pepper spray and firing tear gas into the crowd. Alex-Bouzounis also said a mounted police sergeant reported people “throwing bottles, ice balls and gas canisters” at the dozen or so horses.

Liz Young, editor of OSU’s campus newspaper, The Lantern, told me she watched some of the mayhem from the roof of a campus parking garage. She described the campus area as swirling with SWAT officers in riot gear while couches and dumpsters burned and the sky clouded with tear gas.

From her vantage point, most of the students seemed to be trying to avoid trouble. “Some of our staff was working on the ground, and they got tear-gassed,” she said. “They weren’t doing anything but trying to cover it.”

When I asked Young to speculate on why some students got so out of control, she told me she couldn’t comment on motive. “Our newspaper is still covering this,” she said. “It would be inappropriate of me to offer my opinion on that.”

Let’s clone her. Please.

In a news conference early Tuesday afternoon, Columbus police Chief Kim Jacobs justified the use of pepper spray and tear gas as necessary to disperse the crowds. Within hours, though, after seeing Columbus Dispatch photos and video capturing officers spraying students standing on a sidewalk, she backpedaled a bit.

“Based on a few images, including this one, I want … to initiate an investigation into the use of (pepper) spray on civilians that were apparently lawfully standing on sidewalks and apparently not in violation of law,” Jacobs wrote in an email.

So here we are again, talking about police response. Fortunately, this time, no one died. It’s also apparently good the vandals and rioters were happy folk — and mostly white. Thus, news organizations described them as “rowdy,” “intense,” “screaming in delight,” “fans,” “revelers” and “partygoers.” And “students,” of course, to telegraph that this whole thing is so uncharacteristic of people with such bright futures.

Virtually no news report described them as rioters. Breaking the stadium lock, climbing over the fence, toppling the goal post — this was never vandalism. No one accused those setting fires of trying to destroy their community. Even on social media, the word “thug” barely surfaced, except to contrast the reporting in Columbus with how we journalists covered events in Ferguson, Missouri.

I’m not about to say these were two similar events, because I don’t want to trivialize the underlying reasons for the unrest in Ferguson. But if we rightfully continue to bring scrutiny to bear on police departments in Ferguson, New York and Cleveland — and now in Columbus — then we must also examine the prejudices we bring to our coverage.

Objectivity in journalism is a myth. We are all informed by our own histories. We must identify our biases and tag them as filters to be dismantled.

No one was killed in Columbus because of several hundred out-of-control students, but what they did in the streets was violent. Starting fires is not a rite of passage. Damaging school property is criminal. Interfering with police cruisers and firetrucks possibly endangers other people’s lives.

Let’s have that conversation — on campus and in our newsrooms.

Connie Schultz is a Pulitzer Prize-winning columnist and an essayist for Parade magazine. She is the author of two books, including “…and His Lovely Wife,” which chronicled the successful race of her husband, Sherrod Brown, for the U.S. Senate.

Pulitzer Prize-winning columnist Connie Schultz takes on

john-stossel-thumbIt’s easy to “fire” a business that rips you off. Just go to a different one. It’s a lot easier to patronize another business than to get government to fix the problem.

But bad businesses and the politicians they own, I mean influence, often don’t want you to have that choice.

I’ve written about how taxi companies don’t like competition from ride-sharing services like Uber. Taxi companies, rightly, say it’s unfair that they have to obey all kinds of rules and get complicated licenses that Uber drivers don’t get.

Rather than getting rid of the excessive regulations, many local politicians just say that new competition is “unfair” and ban ride-hailing services. They’ve banned Uber in places like Thailand, Spain, Nevada and Massachusetts.

But customers like ride-hailing services. Uber is a multi-billion dollar business — despite being banned and despite Uber executives doing some sleazy things.

Government claims we need all its regulations to keep us from being ripped off. But their endless rules don’t stop rip-offs. For years, Las Vegas tourists have complained that cabbies cheat them by taking them to the strip via a roundabout route. Undercover cops ran tests and found that one in three Vegas taxis break the rules.

Firefox founder Blake Ross blogged about this after a cabby ripped him off.

Government responded to this problem as governments usually do. It issued complex rules and warnings. Ross calls it a five-part plan:

— Plan A: people with guns.

“Uniformed cops stopped occupied cabs at random and offered to prosecute drivers who were taking inefficient routes … slowing you down to make sure your driver isn’t slowing you down.”

But that didn’t work. The authorities’ chief investigator said only three passengers pressed complaints: “They just wanted to get to their hotels.” Duh. Tourists didn’t want to spend their vacation in court over a $10 rip-off.

— Plan B: big signs.

“Each sign,” writes Ross, “enumerates the proper taxi fares for every conceivable trip … using approximately twice as many words as it took Ronald Reagan to tear down the Berlin Wall.”

And more time. It took the taxicab authority two years to put up the signs. “All things take time in government,” said the administrator. The signs didn’t stop the cheating.

— So government implemented Plan C: a big online spreadsheet listing bad drivers. That didn’t work either.

— On to Plan D: a PDF. Bureaucrats love PDF’s. Las Vegas asks you to print out a witness statement for people who have been taken on an overly long route and “complete the sworn affidavit in view of a public notary.”

I like how Ross sums up plan D. Just carry “a desktop computer, a printer, envelopes, stamps, a fax machine [and] notary … note the driver’s full name, permit number and physical appearance. If you don’t have this information memorized for some reason, just ask the driver while you’re locked in the car with him … explain that you’re trying to have him fired.”

Ross actually bothered to try out the government’s complaint system when he was ripped off, but he never heard back from any Vegas official. That’s how government consumer protection typically operates.

— Finally, Plan E: The Nevada Taxicab Authority “convened a committee.” The committee, according to the Las Vegas Review-Journal, will “draw up guidelines … for a software … package designed to let the authority track cab movements.”

Nevada estimates that this will cost about $6 million per year, writes Ross, “and you’ll pay for this through an increase in your taxi fares, which are already about double the price of an UberX ride. ”

But Uber already has a solution if drivers cheat: On the Uber app, customers give that driver just one star. Within hours, Uber adjusts your fare. If the driver scams people again, he’s fired.

Simple. Better. That’s the free market.

But Vegas officials kicked the company out of town.

Government is force. Government can always win, even when it’s wrong.

John Stossel is host of “Stossel” on Fox News and author of “No They Can’t! Why Government Fails, but Individuals Succeed.”

John Stossel: It's easy to "fire" a

ford-f150-aluminum

Earlier in 2014, Ford temporarily ceased production as it retooled facilities to build its first mass-produced, aluminum-bodied truck – the new Ford F-150. (Credit: Courtesy of Ford Motor Co.)

Several recent reports indicate the U.S. auto industry is making a comeback, but as is the case with other sectors, public opinion doesn’t match sector data. According to a new survey from Rasmussen Reports, car-buying isn’t on Americans’ to-do lists.

The survey finds that only 26 percent of American adults say it’s “at least somewhat likely” they will buy or lease a car in the next year, including 11 percent who say it’s “very likely.” That is actually down from the 27 percent of American adults who indicated such last year, with slightly more (13 percent) also saying it was “very likely.”

Yet, the auto industry posted stronger-than-expected sales in the U.S. last month, as Fiat Chrysler Automobiles (NYSE:FCAU), Nissan Motor Co. (OTCMKTS:NSANY), Honda Motor Co. (NYSE:HMC) and others reported some of the strongest gains in years.

December is traditionally a strong month for auto sales, which were expected by investors to be strong. However, the auto industry also reported stronger U.S. sales in the month of November fueled by cheaper gasoline and Black Friday shopping deals nationwide, according to car shopping website TrueCar (NASDAQ:TRUE).

Meanwhile, the U.S. government is fining Honda $70 million for not reporting to safety regulators more than 1,700 complaints that its vehicles caused deaths and injuries. The Obama administration announced Jan. 8 what is the largest civil penalty levied against an automaker for not reporting to regulators some 1,729 complaints that its vehicles caused deaths and injuries.

The company acknowledged in November that it failed to report the death and injury complaints to the National Highway Traffic Safety Administration, which took place over an 11-year period beginning in 2003. However, the company said it only learned of the omissions in 2011, yet still waited three years to take appropriate action.

The fine represents the latest in what has been a government crackdown on auto makers for alleged violations of safety regulations.

Several recent reports indicate the U.S. auto

 

ted-cruz-heritage-conservative-policy-summit

Sen. Ted Cruz speaking at the Heritage Foundation’s 2015 Conservative Policy Summit Monday, January 12, 2014.

Speaking at the Heritage Foundation’s 2015 Conservative Policy Summit Monday, Sen. Ted Cruz (R-TX) called on the party to offer a bold, positive agenda in the new Congress.

The Texas senator warned the party against reading too much into their 2014 victory, stating without an agenda or offering the American people a choice, they will lose in 2016.

“These are extraordinary times,” he said. “Just last week, walking down the hallway at the capitol, I ran into a janitor carrying a screw driver coming to change the sign on Harry Reid’s door.”

Cruz is widely expected to make run for president in 2016, though the field will be very crowded. Former 2012 Republican nominee Mitt Romney recently told a group of supporters to hold off on getting on the Jeb Bush bandwagon, because he was thinking serious about making another run in 2016. What is often overlooked is how much such a dynamic could help Cruz and other more conservative candidates, who favor upending the status quo in Washington D.C.

He favors ending “corporate welfare,” banning lobbyist influence in Washington and passing term limits for members of Congress.

“Serving in Congress should not be a lifetime job,” he said in his speech. “But what should be banned is members of Congress becoming lobbyist and coming back after serving in Congress.”

Battling for the establishment donor money won’t be the only prize Romney and Bush would have to split, but also actual votes. If, and this is a big if, conservatives would coalesce behind a particular candidate, then the conservative candidate could put together a winning coalition in early states.

However, a new Gravis Poll released Tuesday found Cruz with just 7 percent of the vote in Iowa, behind libertarian-leaning Kentucky Sen. Rand Paul (8 percent) in the first-in-the-nation caucus. However, the field is crowded and early polls have little predictive value.

In the meantime, Cruz said he will focus on advancing common sense proposals that impact the lives of everyday Americans. After having a laugh at the expense of the Internal Revenue Service (IRS), he advocated in favor of a flat tax that is “fair and simple,” stressing that GOP leadership in the new majority need not wait for a Republican president to advance an agenda.

“If you’re a single mom trying to pay the bills and the cost of everything keeps going up and up and up, and the one thing that doesn’t move is your paycheck every two weeks, you’re feeling the consequence of Washington’s easy money policy,” Cruz said. “We need stable, consistent, strong monetary policy.”

Conservative voters, activists and members of Congress have grown frsutrated with Republican leadership, who seem to have one excuse after another for not taking a stand against the Obama agenda. For the senator from Texas, the party’s focus should be reclaiming congressional power and setting the agenda for the next two years.

“It’s time to usher in a new phase in American history, it’s time to do something revolutionary—go back to the most fundamental ideas: jobs, liberty, and security,” the Cruz camp echoed in an email to PPD. “Republicans most lead with bold reforms that will get us back on a course of opportunity, and that will empower entrepreneurs, young people, single parents, and those struggling the most under the Obama economy.”

Speaking at the Heritage Foundation’s 2015 Conservative

mitt-romney

July 2, 2014: In this file photo, Mitt Romney, the former Republican presidential nominee, addresses a crowd of supporters while introducing New Hampshire Senate candidate Scott Brown at a farm in Stratham, N.H. (Photo: AP)

Former Massachusetts Gov. Mitt Romney made headlines last week when he told a group of supports he is weighing another bid for president. According to a new survey conducted by Gravis Marketing, the 2012 Republican nominee is crushing the crowded GOP field among Iowa caucus goers.

“Former Massachusetts governor W. Mitt Romney has never left the hearts and minds of Republican voters and he will hold the dominant position in the race for the 2016 presidential nomination until the other candidates spin up their own campaigns,” said Doug Kaplan, the managing partner of Gravis Marketing, a Florida-based pollster. “Romney’s name recognition and the loyalty Republicans have for their last nominee give him an opportunity that no one else has.”

After months of repeatedly denying interest in a 2016 bid, both publicly and privately, Romney dropped the bomb during a meeting with 30 former large donors in Manhattan, New York. His announcement same just one week after former Florida Gov. Jeb Bush, G.W. Bush’s brother, quit all his major corporate and nonprofit board memberships, including one that profited off of ObamaCare.

Bush launched a new leadership political action committee (PAC) and announced he was exploring a run last month, though a recent PPD Poll found that a Bush candidacy would depress Republican voter turnout. Bush was even in Romney territory last Friday for a fundraising luncheon in Boston.

However, the Gravis Poll conducted Jan. 5-7 among 404 registered Republican voters found Romney taking 21 percent of the vote, while Bush trails at a distant second with 14 percent support. Sen. Marco Rubio, a fellow-Floridian and once thought to be savior of the party, came in dead last with 4 percent.

Wisconsin Gov. Scott Walker came in third at 10 percent, while Wisconsin Rep. Paul Ryan, the House Budget Committee chairman and Romney’s 2012 running mate, earned 5 percent of the vote in the Gravis Poll, though he officially withdrew his name Monday.

gravis-poll-iowa-gop-2015-01-07

According to a new survey conducted by Gravis Marketing, the 2012 Republican nominee Mitt Romney is crushing the crowded GOP field among Iowa caucus goers. (Photo: Gravis Marketing)

 

Libertarian-leaning Kentucky Sen. Rand Paul clocked-in at 8 percent, with Texas Sen. Ted Cruz nipping at his heels with 7 percent.

“There is no doubt that Paul is gearing up for a run and the question is whether he can energize the people and pocketbooks that supported his father,” Kaplan added. “Paul the Elder finished third in the 2012 Iowa caucuses, but at the GOP national convention, 23 of the state’s 28 delegates voted for Paul.”

New Jersey Gov. Chris Christie, who is widely expected to gear up for his own bid after delivering his annual State of the State address in Trenton Tuesday, has the backing of only 5 percent. Ken Langone, co-founder of Home Depot and a major Republican donor, will be organizing the dinner for Gov. Christie later this month. The New Jersey head of state is grappling with economic issues and a lingering “BridgeGate” controversy, despite the federal report clearing him of any wrongdoing. If the numbers hold, it is safe to say the Democrats’ hit job on the man who was crushing likely Democratic candidate Hillary Clinton was a success.

Former Arkansas Gov. Mike Huckabee, who won the 2008 Iowa caucuses with 34 percent of the vote, also announced last weekend he was leaving “The Huckabee Show” on Fox News to determine whether he would make a presidential run. He took 9 percent of the vote in the Gravis Poll, though he was leading in earlier polls prior to losing the headlines’ attention.

“Much can change in the one year between now and the Jan. 16, 2016 Iowa Caucuses,” Kaplan said, adding that Romney has a large base and frontrunner status to begin with if he chooses to run again.

A number of polls show if a rematch of the 2012 presidential election were held today, Romney would defeat President Obama, handily. PPD compiled the data and found the victory would be an electoral vote landslide. Similarly, a recent Quinnipiac University Poll found Romney leading Hillary Clinton within the margin of error, but the only candidate to do so.

With so much voter remorse, there is enough to tempt Romney to tap into that frontrunner status.

“The question is whether he will use or let the chance pass to others.”

According to a new survey conducted by

ahmed-shihab-eldin-blames-fox-news

Ahmed Shihab-Eldin, a former Huffington Post Muslim journalist, said it places “an unfair burden on Islam” when moderates are asked to condemn Islamic terrorism, claiming those who do are “bigoted.”

Ahmed Shihab-Eldin, a former Huffington Post Muslim journalist, said it places “an unfair burden on Islam” when moderates are asked to condemn Islamic terrorism, claiming those who do are “bigoted.” He went on to blame FOX News for what is a significant platform of the Obama administration’s policy toward radical Islam.

Speaking on CNN, Shihab-Eldin said those calling on Muslims to condemn terrorism, which includes President Obama’s own State Department, are “not aware of Google; or not paying attention; or perhaps, watching too much Fox News, where hosts constantly are…driving this point home – this us versus them…this point home that Muslims aren’t speaking out….I think it’s regrettable, and I think, arguably, bigoted.”

There is widespread consensus among western intelligence agencies, truly moderate Muslim activist groups, and both the State and Defense Departments that the only way to truly defeat radical Islam is by doing exactly what Shihab-Eldin calls “bigoted.” In fact, there is an equally strong consensus among those groups that the West is not doing enough to support moderate Muslims in that effort, or even coerce them to do so.

Shihab-Eldin predictably cited the one headline-grabbing terror attack perpetrated by a Christian in recent memory since Timothy McVeigh detonated a truck bomb in front of the Alfred P. Murrah Federal Building in Oklahoma City on April 19, 1995.

“In Norway, for example, when we see – you know, terrorists – a Christian terrorist – you know, kill however many people; or, you know, even in Israel when you see – you know, extremist Jewish settlers kill people, you would immediately say it would be prejudiced to expect all Jews or all Christians to speak out against this,” Shihab-Eldin said. “And so, I think – you know, people who make those calls – I think it’s regrettable, and I think, arguably, bigoted.”

Except, Anders Behring Breivik, the man responsible for the attack in Norway, referred to himself as a “cultural Christian,” condemned then-Pope Benedict XVI, and frequently attack Protestantism and condemned their churches. The Lord’s Resistance Army, a group associated with Breivik, doesn’t even claim to hold the common Christian banner.

Further, the outpouring of condemnation from Christian leaders across the West was immediate and overwhelming, something not seen in the Muslim community due to fear, at least in the best-case scenario. Further, while it is clear that Christianity is not significantly represented by extremists, and certainly is not responsible for regular acts of terror, the same cannot be said of Islam.

Ahmed Shihab-Eldin, a former Huffington Post Muslim

charlie-hebdo-staff

Contributors for the post-attack edition of Charlie Hebdo work on Friday at the offices of the newspaper Libération in Paris. (Photo: AP)

The Prophet Muhammad will be back on the cover of the next edition of Charlie Hebdo, below the message from surviving staffers “Tout Est Pardonné,” or all is forgiven. The French satirical magazine lost 8 out of the 12 people killed last week in an Islamic terror attack, including the magazine’s editorial director, Stephane Charbonnier, better known by the name “Charb.”

“It is we who forgive, not Muhammad,” editor-in-chief Gérard Biard said in a Tuesday radio interview with France Info. Biard said tomorrow’s issue is meant as both a memorial to fallen co-workers and proof that the magazine’s mission continues.

“We needed to figure out how to continue laughing and making others laugh,” he said. “We wanted to analyze, say something about the events. This drawing made us laugh. We did not want masked men on the cover. We didn’t want more of that. That’s not us. We didn’t want to add to the gravity. It helps to be able to breathe a little.”

While the paper’s usual print runs around 60,000 copies, the issue due out Wednesday will see a circulation of around 3 million. It will be released to the French newspaper Liberation.

The cover was created by cartoonist Renald Luzier, better known by the name “Luz.” Biard called the cartoon a “moving but not sad” work.

“Seen by Luz, Mohammed is much more sympathetic than even the Muslims see him. He’s a ‘nice little guy'” said Luz. “Those assassins killed people who draw nice little guys. We wanted to show the ludicrousness of it.”

When Luz showed the drawing to staffers, he was reportedly met with a room full of laughter, applause and joking shouts of “Allahu akbar!”

However, on Tuesday an official for Egypt’s Dar al-Ifta, an institute for the study of Islamic law with links to the Egyptian state, said the cartoon cover was an “unjustified provocation” for millions of Muslims who respect and love their prophet. The Dar al-Ifta is in charge of issuing relgious edicts, an allegedly more-harmful edicts, to millions of Muslims.

The official statement was a warning of an outpouring of hatred by Muslims in French and other Western societies toward non-Muslims, and called on the French government and other western governments to reject “the racist act.”which is in charge of issuing religious edicts,

The Muslim brothers angered over the publication’s past images of the prophet committed the terrorist massacre last week, shouting “We’ve avenged the prophet!” as they fled the building. The officials said the cartoon will spark more anger from millions of other Muslims who view Charlie Hebdo’s work as blasphemy.

Yet, despite the attempts to kill and intimidate, the outpouring of support has reinvigorated the newspaper and those who share their western values.

“It’s been extremely moving—and also hypocritical,” said Laurent Léger, a reporter for the magazine who survived the shooting told the Wall Street Journal. “All of a sudden, we are supported by the entire world. Whereas for years we were completely alone.”

The satirical magazine Charlie Hebdo will feature

In an exclusive interview Tuesday, JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon spoke with Maria Bartiromo on ‘Opening Bell’ to discuss his throat cancer diagnosis and the U.S. economy. In what was a two-part interview, Dimon also touched on the 33rd annual JPMorgan Healthcare Conference in San Francisco.

“The more that employment is growing and companies are growing, you know, rates going up would be OK,” Dimon said of the inevitable interest rate hike from the Federal Reserve expected in mid-2015. “It’ll be volatile, it’ll be a little scary, but it’ll be OK.”

Dimon, speaking from the 33rd annual J.P. Morgan Healthcare Conference, said that rates will be increased above near-zero once “the fundamental economy is growing.”

“And the fed has been very clear that that’s the only time they’re going to raise rates,” he added. “They’re not going to raise them if things are not going well. So, I take them at their word for that.”

At the conference, more than 400 healthcare companies, most of whom stand to profit from their special deals in ObamaCare, are expected to make presentations this week in San Francisco. In fact, those personal crony relationships have already paid dividends. Dimon said the event started with 30 companies, which had a combined market value of $2 billion. However, now, companies in attendance at the conference are valued at a combined $4.6 trillion.

Dimon has established a personal affinity toward the sector. He was diagnosed with throat cancer last summer, but testing completed in December concluded he was now free of cancer, but he said he will be monitored for the next three years.

“I’m actually doing fine. I never stopped working, but I’m mostly back to full health, back to working full time,” he told Bartiromo. He said his health is “as good as can be.”

In 2014, the health care industry boomed, enjoying its best year ever regarding mergers and acquisitions. The head of the nation’s largest bank says he believes 2015 could be even better.

Dimon offered a relatively rosy picture of the U.S. economy, claiming that our greatest challenge comes from overseas markets weighing down international demand for domestic goods and services. However, Dimon’s interpretation unsurprsingly ignored nil wage growth for the average American worker and real-world rising costs for food, shelter and healthcare.

He also claimed an allegedly “balanced” housing market, despite long-term data trends showing quite the contrary. Recent reports on home sales, existing home sales and housing prices, all have shown the sector struggling to meet limited expectations. That’s particularly concerning considering the amount of increase government intervention and risk is quietly working in the market.

The National Mortgage Risk Index (NMRI) for Agency purchase loans rose in November to 11.69 percent, up from the average of 11.29 percent for the prior three months (revised). The risk indices for Fannie Mae, Freddie Mac, the FHA, and the VA all hit series highs in November.

“The increase in risk for all the major government agencies over the past two years is cause for concern,” said Stephen Oliner, co-director of AEI’s International Center on Housing Risk. “This is especially true for FHA loans, which would experience a tidal wave of defaults if we have another severe financial crisis.”

It would seem that even the great Jamie Dimon is cheerleading the new normal.

“America looks pretty damn good,” Dimon said, claiming that “normalization is a good thing.”

In an exclusive interview Tuesday, JPMorgan Chase

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