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DALLAS — Ross Perot, outlining how he would mend the U.S. economy, proposes a combination of tax cuts and loans for small business and tougher trade policy to create more jobs at home.

“We cannot be a superpower if we cannot manufacture here,” the Texas billionaire said in an interview with the Los Angeles Times. He called for the United States to make almost everything it needs at home. “We have to manufacture here,” he said.

Perot, whose undeclared presidential candidacy has surged in opinion polls, described himself as a “fair and free trader” but believes that “agreements we’ve cut with countries around the world are not balanced at all.”

He said he would adjust the “tilted deck” of trade with Japan “in a very nice, diplomatic way. In this case (make) the Japanese say: ‘We’ll take the same deal on cars we’ve given you.’ ”

The effect, he said, would be to drastically reduce imports from Japan. “You are going to see the clock stop,” said Perot. “You could never unload the ships to this country; just could never unload the ships.”

In a similar vein, he opposes a free-trade agreement with Mexico, believing it would drain manufacturing jobs from a U.S. economy that cannot afford to lose them.

Perot said he is willing to have his mind changed. “This is a complicated, multi-piece equation that we need to think through very carefully. In carpenter’s terms, measure twice, cut once,” he said.

But in Mexico, “labor is a 25- year-old with little or no health-care expense working for a dollar an hour. You cannot compete with that in the U.S.A., period,” he said. “So you would have a surge in building factories down there but a long-term drought here at a time we cannot pay our budget deficits.”

The interview centered on Perot’s agenda on the issues of trade, taxes and the federal deficit. In Perot’s view, problems of the U.S. economy are interrelated, from trade to the national debt and the troubled public school system–which he calls “the least effective public education system in the industrialized world.”

“We’ve got a country $4 trillion in debt, adding $400 billion this year,” he said in his Dallas office–graced by portraits of his family and the painting “Spirit of ‘76” on a wall behind his desk.

“And we have a declining job base, which gives us a declining tax base at a time when we’ve run our debt through the ceiling. In business terms, that’s a ticket for disaster. Never forget that every time you lose a worker–who goes on welfare–the welfare check exceeds the tax payment that used to come to the IRS.”

Perot’s reference to a declining job base reflects his belief–disputed by some scholars–that jobs created in the 1980s were at lower wages than the jobs they replaced as manufacturing companies restructured. Most analysts and government data agree that wages for less educated, industrial workers have fallen over the last two decades. But there have been rising incomes at the same time for educated employees–especially those in new, computer-based information industries.

Perot, who will turn 62 this month, is a pioneer of the information-based industry. In 1962 he founded Electronic Data Systems, which innovated the business for organizing computer data for large companies and the government. It made Perot one of the nation’s wealthiest men. But Perot says that advanced industries alone cannot be the solution for the United States.

“Don’t bet the farm on high tech,” he said. “Information industry is all about intellectual acuity. And in a country with the least effective public education in the industrialized world, it kind of makes you grimace.

“What I’m saying is, right now, we can’t take people out of factories and send them to Microsoft (the leading computer software firm). If their children had a great education, we could. That’s generational change. But their children are not getting a great education.”

Perot made great efforts on behalf of educational reform in Texas in 1984, and has said he supports greatly expanded funding for education starting at preschool levels for all children. “It’s the best investment we can make,” he has said.

But education is for the future, and there is a need to create jobs now in the United States, not overseas, Perot declared.

“Do we need to make clothing in this country? Of course we do. Do we need to make shoes in this country? Of course we do. We have places in our country where people would be delighted to work in a shoe factory for reasonable wages.

“When I think of shoes, I think of Valley Forge (the winter encampment during the American Revolution where George Washington’s soldiers wrapped their feet in bandages and rags),” said Perot, a graduate of the U.S. Naval Academy.

“My mind bounces back and forth between the world I hope we have and the world that might be. We might be fighting barefooted.”

Perot contended that jobs can be created fastest in small companies.

“The quickest way to stimulate the economy and have a growing, dynamic job base is to stimulate small business. You’ll create more jobs faster by going through small business than through the huge industries,” said Perot, who started his business career as a salesman for IBM.

He said small-business people today are starved for credit and capital since banks are cautious of lending in the aftermath of the speculative 1980s, and small business doesn’t have access to big stock and bond markets.

But if he should become President, solving the credit problem will be “easy,” Perot said. “Change the regulations and the banks will loan the money,” he said, indicating that bank examiners should loosen their definitions about prudent loans and reduce the amount banks must reserve against potential losses.

Perot would attract investors to small business ventures by reducing the tax on capital gains. “I’ve got to give you a reason to take money out of Treasury bills to invest in a high-risk, wildcatting venture,” Perot explained.

“I can’t force you to take your money out of T-bills, so I have to create an environment where you want to take this risk.” That means a tax preference. “But I’m not changing capital gains for everybody. This is for the really high-risk start-up of a small company,” Perot said.

But “you will rarely hear me use the word ‘capital gains tax rate.’ I’ll be talking about money to create jobs,” he said.

Perot’s own considerable fortune, estimated by various business publications at $3.3 billion, is invested mostly in T-bills and corporate and high-rated municipal bonds. He has $200 million invested in Perot Systems, $350 million in real estate and about $40 million in funds for start-up companies, including a stake in Next Inc., the computer company headed by Apple co-founder Steven P. Jobs.

Perot also spoke of pushing for legislation to allow, and encourage, banks to make equity investments in start-up companies–a form of government-backed development bank.

“Or some other vehicle will emerge,” he said. “You find what seems to be the best way out–and then you adjust 1,000 times as you go. That’s the way you do anything, whether it’s cutting grass or making rockets.”

Perot’s views on big business are harsh. He believes a ruinous gap opened up between management and labor in large corporations, between executives who paid themselves handsomely while demanding reductions in the pay of ordinary workers. The result was a reduction in American competitiveness and hurt the U.S. economy, he says, repeating a theme he sounded often in two stormy years on General Motors’ board of directors.

Today, he is not surprised that the chief executives of more than a dozen major corporations, meeting last month at the Business Council in Hot Springs, Va., uniformly disapproved of him and his candidacy.

“They’re part of the Establishment,” Perot said. “The status quo works for them right now, and I’m talking about major, major change.”

Still, big companies should be enlisted in a drive to turn the U.S. economy to pursuits of peace, from what Perot terms “45 years of Cold War which drained us. The Cold War broke Russia, but it drained us.”

For all his distrust of foreign trade agreements, Perot admires the way Japanese companies do business–in particular Toyota, which he studied while a director of GM. “They work as a team and their products have quality,” Perot said. “Have you spent time in a Lexus dealership? All those guys selling Lexuses have to do is get you to drive it around the block.”

Perot himself drives an ’87 Oldsmobile. But he said U.S. industry should start doing things the way Japanese industry does, having senior business figures help small start-ups, “targeting industries of the future and making sure sacrifice in corporations starts at the top.”

Perot acknowledges that many things he admires in Japanese industry stem from that country’s different way of organizing society. “But my point is, you and I, our company is failing. And we have a competitor who’s winning. I would say, let’s go study him and figure out why he wins.”

To pay for his programs, Perot said, “We are not going to raise taxes unless we have to. But I ain’t stupid enough to say ‘Watch my lips.’ ”

He would “go to a new tax system because the one we have now is paper-laden, inefficient, not fair and so on.” But he claims to have no specific ideas yet on how to change taxes. “I would get people in, and in 60 days I’d have half a dozen new tax systems,” he said.

“My points on taxes are basically three: We’ve got to raise the revenues to make the country go.

“Two, we’ll get rid of the waste. The Department of Agriculture, with 2% of our people engaged in farming, is bigger than it was when a third of our people were farming. You’ve got to cut it down and you need a strong consensus to do that.”

He has been criticized for not being more specific on what other programs he would cut, and by how much. But as a third step, he said he would demand authority to selectively cut programs approved by Congress. “Give me the line-item veto, or don’t send me there,” said Perot, echoing a demand first raised by Ronald Reagan.

Perot has become linked with the idea that wealthy people might help reduce the federal deficit by giving up their rights to Social Security and Medicare. By one calculation, which Perot ascribes to Bush Administration chief economic adviser Michael J. Boskin, such a sacrifice by the wealthy could save the Treasury $100 billion a year–although Perot says that figure has proved dubious.

“I’d give up Social Security in a minute,” said the Texas billionaire. “And if a lot of people would give it up who did not need it, that’s worth looking at.”

Would that be subjecting the venerable Social Security program to a “means test,” which would adjust individual benefits based on income or assets.

“I never got down to what means testing is,” Perot said. “We’ve just got to go through and look at every single item. We have work to do.”

THERE are some pretty unusual tourist attractions in the UK, most of which have ended up popular spots by pure accident – including a door in the Cotswolds.

Often thought to be the most photographed door in the UK, it can be found at the north porch of St. Edward’s Church in Stow-on-the-Wold.

The wooden door looks like it has been ripped directly from the pages of a fairytale and many believe that it inspired J.R.R Tolkein’s Doors of Durin, west gate of Moria.

It is made from a dark wood and has studded panels, with an old oil lamp hanging above.

The door is relatively small as well, and is bookended by two tree trunks.

Tolkien often visited the area during his time at Oxford University, but the claims that the door inspired him have never been verified.

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The porch where the door is found was built around 300 years ago, and thanks to the rumour it inspired Tolkien and its two yew trees that have essentially become part of the porch, it is one of the most photographed doors in the UK.

But the rest of Stow-on-the-Wold is definitely worth exploring as well, having been named one of the prettiest towns in the country by travel experts SnapTrip.

As you wander around the village, you will see many honey-coloured stone houses and shops that the Cotswolds is famous for.

In the heart of the village is Market Square, which has been hosting markets since 1107.

In fact, when Stow was popular for its wool trade, over 20,000 sheep changed hands here.

If you happen to visit on the second Thursday of the month, you will find the Stow Farmers’ Market here, with fresh produce including breads, meats and cheeses.

The Market Square is then surrounded by a number of independent shops.

For example, you could pick up some new paintbrushes and sketchpads in Cotswold Art Supplies or pick up something to read from Borzoi Bookshop, which has been in Stow for over 40 years.

From the village, visitors can head off on a number of walks into the Cotswolds countryside or to other villages such as Bourton-on-the-Water.

Another option is to head off on the Heart of England Way Stow Circular, which is a 3.7 mile circular walking route that takes around 90 minutes to walk.

Once you’re peckish, head to Lucy’s Tearoom for a Stow afternoon tea with finger sandwiches, scones, cream and jam, cake, and either tea or coffee, costing £18.50 per person.

Or for a pint, head to The Queen‘s Head, which sits in the village square and serves a good range of ales.

There’s also The Porch House, which claims to be England‘s oldest inn and has been authenticated by the Guinness Book of Records.

It dates back to 947 AD and features stones with ‘witch marks’ to protect against evil.

Mains at the inn include mushroom and chestnut pie for £18.95 or wagyu burger for £19.95.

You can also stay in one of 13 bedrooms at The Porch House, costing from £110 per night.

Alternatively, you could head to The Old Stocks Inn, which is located inside a 17th century coaching inn next to the village green.

The inn is formed of three terraced houses which have been combined, and inside the interiors feature a Scandinavian style.

It costs from £150 per night to stay at.

It’s no surprise that this pretty village is also popular with celebrities.

In 2015, the Beckhams planned to buy a house in the area; however, they chose a different property in Great Tew, which is about a 20-minute drive away.

Actress Kate Winslet is also believed to own a cottage near Stow-on-the-Wold.

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For more Cotswolds travel inspiration, there is a stunning Cotswolds village with its own sandy beach and lagoon – miles from the English seaside.

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ONE of the best places to visit in Europe next year is right here in the UK and it has a ‘singing sands’ beach.

There is no doubt that Scotland is home to some of the UK’s most beautiful destinations, and now another has been recognised as a top spot to visit next year.

According to Conde Nast Traveller, Islay is “a Hebridean escape for whisky connoisseurs, in 2026 Islay will be home to even more distilleries than ever before”.

The small island is the southernmost of the Inner Hebrides, lying off of the west coast of Scotland.

And the destination is well-known for its whisky, thanks to numerous distilleries.

These will also be added to when two new distilleries open soon on the island.

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Laggan Bay Distillery will be the 12th to open on the island and it will be located near the island’s longest beach, Big Strand.

Visitors will be able to try whiskies that feature a peaty and smoky flavour.

Another distillery will then open in 2026 called Portintruan.

At Portintruan, visitors will be able to see old-style production techniques to produce whisky.

Islay is also home to a new luxury hotel, by the French luxury brand LVMH.

At Ardbeg House, guests can choose from 12 bedrooms, “each inspired by the histories and legends of Ardbeg” according to the hotel’s website.

The rooms feature dark woods and colours, with rich fabrics such as velvet.

Even the wallpaper features clues to folklore and myths from the island including the story of Airigh Nam Beist (Shelter of the Beast) – for generations, locals have believed that a fearsome creature lives in the hills.

And for an added treat, hidden somewhere in the room is a miniature dram for guests to find.

The hotel also has a restaurant serving homemade bread and farmers’ and fishermen’s dishes, as well as a bar.

A stay is likely to set you back around £230 per night.

Just along the road from the hotel, you can also visit Ardbeg Distillery, which has been running since 1815.

When on the island, make sure to head to some of the beaches as well.

One top spot is Singing Sands Beach – supposedly, if you rub the soles of your shoes over the sand, you will hear singing.

Nearby is also the lighthouse at Carraig Fhada which was built in 1832, which visitors can walk to over a metal bridge.

Unusually, the lighthouse is square and doesn’t have a lantern; instead, it has a small beacon mounted at its top.

The lighthouse sits opposite Port Ellen, the second largest town on the island.

The town features a handful of pretty, golden beaches and lots of places to grab a bite to eat.

For example, you could head to SeaSalt Bistro & Takeaway, where you could sit in and have some classic fish and chips for £18.50.

Or grab a hot drink from Copper Still Coffee.

The quickest way to get to Islay is by flying with Loganair from Glasgow.

There are usually two flights a day, and it takes about 45 minutes to reach the island.

Though this will set you back around £80 each way.

Alternatively, head over to Islay on a ferry from Kennacraig.

There are two ferries, with one travelling to Port Ellen, taking around two-and-a-half hours.

And the second is to Port Askaig, which takes just under two hours.

A return ferry fare costs £17.40 per adult and £8.70 per child, or a return car fare costs £87.80.

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The Michelin Guide has unveiled a new way of recognising the best hotels in the world, with three properties in Wales named as must-visit destinations

A picturesque lakeside town in Wales has earned the distinction of housing one of the wordl’s best finest hotels. Nestled on the northern shore of Llyn Tegid, a freshwater glacial lake encircled by towering mountains, Bala is home to Palé Hall Hotel, which has been awarded a prestigious MICHELIN Star key for delivering exceptional hospitality experiences.

This innovative recognition system for the world’s best hotels has seen three Welsh establishments, including Palé Hall, featured in The MICHELIN Guide as essential destinations.

On October 8, assessors also unveiled the new “Key” awards, which mirror Michelin Stars for dining establishments by spotlighting the most remarkable hotels across the UK and Ireland. The Great Britain and Ireland collection comprises 14 Three-Key hotels, 43 Two-Key hotels and 82 One-Key hotels, with 19 properties receiving their first awards for 2025.

The esteemed guide recognises three Welsh properties: Palé Hall Hotel in Llandderfel, Penmaenuchaf in Dolgellau, and Grove of Narberth in Narberth. Each has received a One Key distinction.

Palé Hall, a favourite Welsh retreat of mine where I’ve enjoyed several stays, is an 18-room Victorian mansion boasting a rich history and opulent décor. Perfectly situated on the fringes of Eryri National Park (Snowdonia), it offers easy access to walking trails, lakes, and thrilling outdoor activities, reports Wales Online.

This luxurious hotel, part of the Relais and Châteaux, Pride of Britain Hotels and Celebrated Experiences collections, is independently owned by Anthony and Donna Cooper-Barney, who took the reins in 2024.

Arriving at this grand rural hotel is an event in itself. The historic façade, surrounded by gardens, woodland and rolling hills, sets the stage for a memorable stay.

Each spacious room and suite is individually designed with thoughtful touches, and some even boast unique features like a stained-glass roof light, chrome bateaux bath, and antique beds.

Built in 1871 by renowned railway engineer Henry Robertson, the house exudes charm and sophistication. Known for his ambitious railway projects across Wales, Robertson didn’t hold back in creating a home that reflected his accomplishments.

Designed by architect Samuel Pountney Smith, the hall stands as a symbol of elegance and grandeur with its honey-coloured stone and eclectic Jacobean style.

Palé Hall’s place in history isn’t just about its famous guests. During the First World War, it served as a convalescent hospital, offering recovery and respite for wounded soldiers amidst its tranquil surroundings.

Palé Hall has played host to a remarkable roster of guests over the years, including royalty. Queen Victoria was captivated by the house and its picturesque surroundings during her visit in 1889.

The grand bath she used and the ornate bed she slept in are still present in the now aptly named Victorian Room, one of the many opulent suites available for those looking to indulge.

When it comes to food, you’re in excellent hands. For an unforgettable dining experience, a visit to the hotel’s Henry Robertson dining room is essential.

This elegant space, complete with its marble fireplace, ornate plaster ceilings, and chandeliers, provides the perfect backdrop for a fine dining extravaganza.

Palé Hall, an AA three-rosette and Michelin Green Star establishment, prides itself on delivering top-notch cuisine that celebrates the best of British and Welsh produce.

Here’s what the MICHELIN Guide has to say about Palé: “Set on 15 acres of riverside parkland in the Dee Valley, at the edge of the vast and wild Snowdonia National Park, Palé Hall is nothing if not secluded – a situation that only heightens the effect of its high Victorian opulence. Over the course of its colourful history, it’s played host to guests no less eminent than Winston Churchill and Queen Victoria herself. And in its current incarnation as a luxury hotel, it’s among the finest in Great Britain.”

The hotel makes for a stunning base in the picturesque lakeside town of Bala, which boasts a rich heritage stretching back centuries. Founded by Roger de Mortimer of Chirk Castle through Royal Charter around 1310, the town witnessed Henry Tudor’s army pass through in 1485 en route to the Battle of Bosworth.

During the 18th century, Bala thrived as a centre for producing flannel, stockings and gloves. Today, it’s transformed into a popular tourist destination, attracting visitors from across Britain and further afield.

The town holds a remarkable religious heritage, celebrated at the Mary Jones Pilgrim Centre, which chronicles the inspiring tale of a devoted Welsh girl.

Back in 1800, 15 year old Mary Jones completed an extraordinary 26-mile trek from Llanfihangel-y-Pennant to Bala, having saved for six years to purchase a coveted Bible. Her remarkable pilgrimage of faith would go on to spark the creation of the British and Foreign Bible Society.

At the Grade II-listed centre, you can embark on Mary’s pilgrimage and delve into the past with interactive displays, exhibits, and activities.

For those who are fond of trains, the Bala Lake Railway is a must-see. This charming narrow-gauge railway line meanders along the southern shores of Llyn Tegid, offering a captivating hour-long journey from Llanuwchllyn to Bala on a vintage train.

For those who love the great outdoors, Bala is a hub of adventure and offers a variety of activities, such as rafting, fishing, swimming, and sailing.

The National White Water Centre, based in Bala, is a must for adrenaline junkies. Here, water is regularly released from a dam into the River Tryweryn – a steep, fast-flowing mountain river that creates predictable rapids all year round.

Rafting is an adrenaline-fuelled activity where participants tackle fast-flowing rivers in inflatable rafts, typically alongside a small crew and an experienced guide who knows the waterways inside out.

For a safe yet thrilling experience, book a guided rafting session and feel the rush of battling surging rapids alongside your fellow adventurers.

Hiking enthusiasts will find Bala serves as a perfect base for exploring Wales’ most spectacular scenery. Westward lie the imposing peaks of Eryri (Snowdonia), boasting challenging and breathtaking routes, whilst the tranquil Berwyn Mountains eastward deliver a sense of unspoilt wilderness.

Families can enjoy numerous gentle routes, including the Treasure Trail, which accommodates pushchairs and leisurely ambles. Alternatively, follow a designated path for a peaceful lakeside ramble.

History and culture buffs can explore heritage routes such as the Town Trail, the Mary Jones Walk and the Betsi Cadwaladr Trail.

After a day filled with adventure, numerous independent pubs and cafes are on hand for a hearty meal and a pint. The historic Plas Coch Hotel, originally built as a coaching inn around 1780, serves up traditional Welsh dishes using fresh local produce.