Last week, Ammon Bundy, who led the 2014 standoff regarding unpaid grazing fees on federally-owned public lands in Oregon, spoke to a few dozen people in a meeting that violated orders by Gov. Brad Little of Idaho to avoid groups. Bundy called it his constitutional right to peacefully assemble. He had created a network of people ready to aid those facing closures of their business and other interference from the government amid the coronavirus outbreak.
With Italy having reached its crest of the world’s most deadliest outbreak, Italian health officials and politicians have looked towards reopening the country. Their thinking revolves around the idea that you may only go back to work if you’ve the right antibodies in your blood, though researchers are not completely sure that antibodies indicate immunity.
Gordon Brown urged world leaders to create a temporary world government to fight Covid-19 pandemic. The former Labour prime minister, who led the country amid the 2008 financial crisis, called for a task force of world leaders, health experts, and leaders of international organizations that could coordinate the response to Coronavirus.
Will the U.S. Mint create two $1 trillion platinum coins in order to bailout Main Street America?
Congresswoman Rashida Tlaib (MI-13) has proposed the “Automatic BOOST to Communities Act” in response to the Coronavirus crisis. The Act would provide a U.S. Debit Card preloaded with $2,000 to every person in America. Each card would be recharged with $1,000 monthly until one year after the end of the coronavirus crisis.
A recent election victory by Hong Kong’s pro-democracy camp led to hundreds of thousands of protestors to take to the city’s streets on Sunday. The largest march in weeks signaled to China’s leader, Xi Jinping, that the protests against his authoritarian policies enjoyed broad support in Hong Kong as the economy weakened and violent clashes between protesters and police made headlines. Read More
Beijing and Washington won’t be reducing some punitive tariffs on each other’s goods – at least according to the Trump White House. Talks on the trade war, it would seem, are not progressing as promisingly as reports indicated.
Reports surfaced that a new agreement originated during discussions to iron out a “Phase 1” deal between the two countries. A “phased cancellation” of tariff hikes were agreed to in the event of progressing trade talks, according to the Commerce Ministry spokesman, Gao Feng. Read More
Philadelphia Federal Reserve Bank President Patrick Harker said on Wednesday it is “inevitable” that central banks will issue digital currency. He also said the United States should not be the nation to lead such a move. He had been asked about the Fed’s creation of “FedNow,” its own real-time payments system. The comments were first reported by Reuters.
“Frankly I don’t think we should be the first mover as a nation to do this,” Harker said at a St. Louis community banking conference. He noted the dollar’s status as world reserve currency and underscored the need for experimentation and tests when it comes to such technology. Read More
The International Monetary Fund must choose to either make more than $5 billion in funds under Argentina’s loan deal available to the government facing default or not. The IMF had agreed to a $57 billion line of credit with the South American nation last year, and funds were meant to be paid this month.
But pro-business President Mauricio Macri took a defeat in a primary election last month, resulting in a crash of the peso and capital controls. Populist candidate Alberto Fernandez is considered the front-runner to win the Oct. 27 election. And now there is doubt about whether or not the IMF will disburse the cash until after the election. Read More
Huawei, the Chinese telecommunications giant the U.S. government fears could be used by the Chinese government to spy and sabotage infrastructure, is a crucial contributor to the development of fifth-generation (5G) mobile networks worldwide. Yet, Washington’s fear led the Commerce Department to add Huawei to its “entity list” in May 2019, forbidding Huawei to buy U.S. goods without permission from the government.
Huawei, which is the world’s biggest seller of telecommunications equipment like new 5G network infrastructure and second-largest smartphone maker, is based in Shenzhen, China. It helps connectivity in some rural areas in the US. Read More
Despite increased tensions in the Middle East between the Iranian Republic and the U.S. over attacks on two ships in the Strait of Hormuz, crude oil was down for the week. President Donald Trump said that Iran was behind attacks on two fuel tankers in the Gulf of Oman.
“It was them that did it,” Trump said on Fox. “We will see what happens. We are being very tough on sanctions … We’re going to see how to stop (it),” Trump said, before claiming that because of his policies “they are pulling back from everywhere.”
The President did not outline his plans for a response, and neither did Secretary of State Mike Pompeo, who cited intelligence, the weapons that were used, and the sophistication of the attack as evidence for Iran’s involvement in the assault against “freedom-loving nations.” Read More
Ziya Sadr spoke with Let’s Talk Bitcoin, a cryptocurrency podcast, about the importance of Bitcoin in Iran. He discussed how it allows great financial freedom for the Iranian people, and how Bitcoin is superior to other cryptocurrencies in Iran.
“The thing about bitcoin is that we are on equal ground with the rest of the world and that is nice for a change,” Mr. Sadr, who is 25 years old, told the long-serving podcast. “We’ve never been on equal ground. We’ve had inflation, we’ve been sanctioned by the whole world. With Bitcoin, we are on equal ground with the rest of the world and this is kind of new.” Read More
Jim Rogers believes governments will interfere with the rise of bitcoin and cryptocurrency, but not blockchain.
“The blockchain has a great future,” the famous investor told BBLOKK OFFICIAL. “Blockchain is changing everything we know, and it’s going to change even more. A lot of people are going to lose their job because of blockchain, but a lot of people lost jobs because of electricity, and electricity turned out to be a good thing for all of us; likewise with blockchain.” Read More
Human civilization will collapse by 2050, according to an Australian climate change analysis endorsed by a former Australian defense chief and senior royal navy commander.
According to the analysis, which was published by the Breakthrough National Centre for Climate Restoration, a think-tank based in Melbourne, Australia, climate change is “a current and existential national security risk” that “threatens the premature extinction of Earth-originating intelligent life or the permanent and drastic destruction of its potential for desirable future development.” Read More
The National Regeneration Movement, known as MORENA and led by Mexico President Andrés Manuel López Obrador (AMLO), won two governorships and many local elections in yesterday’s vote, which took place in six Mexican states.
The elections underscore AMLO’s popularity nearly one year after he easily won the Presidency, and his party won majorities in both houses of Congress. No Mexican President since 1997 has won such a broad mandate.
The vote marks the first since AMLO’s inauguration in December. MORENA won governorships in Baja California and Puebla. It also won mayoral offices and seats in statehouses. Read More
Beijing is threatening to cut Washington off from rare earth minerals, according to media reports in China’s papers that included quotes from the state planning agency. The stocks of rare earth producers were up following the news.
One newspaper included the Chinese phrase “don’t say I didn’t warn you”, which the country used before it went to war with India. The paper wrote “those familiar with Chinese diplomatic language know the weight of this phrase.” The language, which appeared in the Global Times, a newspaper affiliated with the Communist Party, was also employed ahead of conflict between China and Vietnam in 1979.
The People’s Daily made it clear China would use the elements as retaliation in its trade war. 80% of U.S. rare earth supplies come from China.
The editor-in-chief of the Global Times tweeted that China is “seriously” weighing the restriction of rare earth exports to the U.S. and could also implement countermeasures.
A National Development & Reform Commission official told CCTV that people in the country won’t be happy to see products made as exported rare earths are being used to suppress China’s development. Editorials in the Global Times and Shanghai Securities News took similar stances in their Wednesday editions.
The U.S. is dependent on importing rare earth minerals from China, which are used in electronics, hybrid vehicles, and energy storage systems. The U.S. imports the rare earth materials because it’s cheaper than producing them domestically.
This is driving rare earth stocks up with the help of President Xi Jinping, who visited a plant earlier this month along with his chief trade negotiator with the U.S.
China already raised tariffs on America’s sole producer of rare earths from 10% to 25%. The U.S., however, excluded rare earths from its list of prospective tariffs on roughly $300 billion in Chinese goods.
In December 2017, U.S. President Donald Trump signed an executive order to reduce the country’s dependence on external sources of critical minerals, including rare earths, which was aimed at reducing U.S. vulnerability to supply disruptions.
China’s rare earth market:
- China Northern Rare Earth Group
- Minmetals Rare Earth Co.
- Xiamen Tungsten Co.
- Chinalco Rare Earth & Metals Co.
Shares of JL Mag Rare-Earth increased by 10% while Innuovo Technology increased by 9.95%. The shares of Australia rare earth miner Lynas also increased by more than 10%.
“We’ve been here before,” Fraser Howie, an independent analyst, told CNBC’s “Street Signs” on Wednesday. China banned the export of rare earth minerals to Japan after Tokyo detained a Chinese fishing trawler captain.
Norway’s exports of salmon plummeted after Beijing curbed them. That move was seen as retaliation to a Norwegian committee’s decision in 2010 to award a Chinese dissident the Nobel Prize.
While social media giant Facebook is reportedly moving forward with its own cryptocurrency, controversy surrounds the social networking platform this weekend.
CrossFit, which refers to itself as a lifestyle characterized by safe, effective exercise and sound nutrition, has removed its accounts from Facebook and Instagram, calling Facebook “utopian socialists”.
Meanwhile, a video manipulated to make Nancy Pelosi drunk and sluggish has made its rounds on the social media platform. Facebook says the video will remain online.
Facebook has been researching cryptocurrency as part of its entrance into the payments space.
While speaking at F8 last month, Zuckerberg said that sending money should be “as easy as sending a photo.”
The currency, reportedly to be called “GlobalCoin”, has been much discussed, especially as the social media giant brought on blockchain experts from San Francisco-based Coinbase, Mikheil Moucharrafie and Jeff Cartwright to work on compliance.
Facebook, which has invested in at least one blockchain company, has hired payment experts to develop a payment method for its WhatsApp messaging platform.
Plus, when Libra Networks registered its company in Switzerland, it became public that Facebook Global Holdings is a stakeholder therein. The fintech company is set to work on payments, data analytics, and investment activities, as well as house a software lab.
The Silicon Valley-based giant plans on increasing its employees in the European financial centers of London and Dublin.
Its Instagram shopping feature makes purchasing products and managing orders on the photo-sharing app possile, and it makes sense that a native payment solution is in the works.
The US Senate banking committee showed interested. In a letter to Zuckerberg in early May, the banking committee asked for details about the cryptocurrency and how Facebook would protect user data.
Last week, CrossFit accused Facebook of being “utopian socialists” upon leaving Facebook and Instagram. The social network had deleted a group dedicated to a particular type of diet, prompting CrossFit to leave the platforms, claiming Facebook deleted “without warning or explanation the Banting7DayMealPlan”, which advocated a diet aimed at eating “food that is as close to its natural state as possible – free of processing, additives, preservatives, and sugar.”
Facebook ultimately re-instated the group, but in the CrossFit statement, it outlines the reason it will remain off the platforms.
“All activity on CrossFit, Inc.’s Facebook and Instagram accounts was suspended as of May 22, 2019, as CrossFit investigates the circumstances pertaining to Facebook’s deletion of the Banting7DayMealPlan and other well-known public complaints about the social-media company that may adversely impact the security and privacy of our global CrossFit community,” the statement read.
Reason 1: “Facebook collects and aggregates user information and shares it with state and federal authorities, as well as security organizations from other countries.”
Reason 2: “Facebook collaborates with government security agencies on massive citizen surveillance programs such as PRISM,.”
Reason 3: “Facebook censors and removes user accounts based on unknown criteria and at the request of third parties including government and foreign government agencies.”
Reason 4: “Facebook collects, aggregates, and sells user information as a matter of business. Its business model allows governments and businesses alike to use its algorithmically conjured advertising categories as sophisticated data-mining and surveillance tools.”
CrossFit even accused Facebook of censorship.
“Facebook’s news feeds are censored and crafted to reflect the political leanings of Facebook’s utopian socialists while remaining vulnerable to misinformation campaigns designed to stir up violence and prejudice,” it wrote.
The workout regimen added that CrossFit is a “voluntary user of and contributor to this marketplace, can and must remove itself from this particular manifestation of the public square when it becomes clear that such responsibilities are betrayed or reneged upon to the detriment of our community.”
It added: “Common decency demands that we do so, as do our convictions regarding fitness, health, and nutrition, which sit at the heart of CrossFit’s identity and prescription.”
Fake Nancy Pelosi Video
Beyond cryptocurreny and CrossFit, Facebook is also facing criticism over a fake video of House Speaker Nancy Pelosi (D-Calif). The video, which has been viewed millions of times, was apparently altered to make her appear drunk and sluggish. While YouTube removed duplicates, Facebook has said the video will remain on its platform.
Facebook agrees the video is “false”, and Monika Bickert, a company vice president for product policy and counterterrorism told CNN the video was reviewed by fact-checking organizations and the social networking platform than reduced its distribution, but did not remove it.
“We think it’s important for people to make their own informed choice for what to believe,” she said. “Our job is to make sure we are getting them accurate information.”
CNN host Anderson Cooper believes the answer is yes and pressed Bickert on her company’s responsibilities.
“You’re making money by being in the news business,” he said. “If you can’t do it well, shouldn’t you just get out of the news business?”
Bickert replied: “We aren’t in the news business. We’re in the social media business.”
But Cooper did not buy into that.
“The reason you’re sharing news is because you make money from it. . . . But if you’re in the news business, which you are, then you have to do it right. And this is false information you are spreading.”
Lawmakers are not happy.
Rep. David N. Cicilline (D-R.I.) told Facebook to “fix this now!”
Sen. Brian Schatz (D-Hawaii) tweeted: “Facebook is very responsive to my office when I want to talk about federal legislation and suddenly get marbles in their mouths when we ask them about dealing with a fake video. It’s not that they cannot solve this; it’s that they refuse to do what is necessary.”
As well, the company is facing headlines regarding its having deleted 2.2 billion fake accounts from the platform from January to March, which surpasses a record high for the company.
“The health of the discourse is just as important as any financial reporting we do, so we should do it just as frequently,” CEO Mark Zuckerberg said on a call with reporters on Thursday about the report. “Understanding the prevalence of harmful content will help companies and governments design better systems for dealing with it. I believe every major internet service should do this.”
Travelers arriving at the United States who raise suspicions might now have their cards scanned by U.S. Customs and Border Patrol (CBP) agents. Read More
A cold war in the 21st-century seemed unlikely… until now.
Tariffs by the United States on $200 billion worth of Chinese products and retaliatory tariffs by China on $60 billion worth of American goods went into effect on Monday.
While the United States and China are competing for global supremacy, they maintain mutual agreements to handle their complicated relationship. But, the tide might be turning…
Mauricio Macri, President of Argentina, stated that a revamped arrangement with the International Monetary Fund (IMF) will help boost investor confidence in the country after a financial crisis forced South America’s second-largest market to a recession.
“We are working with the IMF and we are going to present something that will bring confidence,” Macri said. “More confidence than what we’ve had in the last 10 days when markets have turned around and things are moving better.” Read More
A new ruling from a federal judge means the U.S. Department of Education has delayed student loan forgiveness for some.
The Attorneys general of 19 states, as well as the Districct of Columbia, sued U.S. Secretary of Education Betsy DeVos and the U.S. Department of Education for delaying a borrower protection rule scheduled to take effect on July 1. Read More
The latest tariffs on American and Chinese goods aren’t as severe as expected, making stocks rise on Tuesday. Substantial profits in tech also propelled market gains.
The S&P 500 increased 0.5 percent to close at 2,904.31, headed by buyer discretionary spending and industrials. It is also less than half a percent from its record high. Read More
(Gold Silver Bitcoin) President Trump warned last week of a “major, major conflict with North Korea”. He said he’d rather do things diplomatically, though it’d prove “very difficult.”
Trump has made no secret about tensions between North Korea and the US. “There is a chance that we could end up having a major, major conflict with North Korea. Absolutely,” the president said. “We’d love to solve things diplomatically, but it’s very difficult.”
Trump noted that he was confident in Chinese President Xi Jinping and his attempts to influence the North. The pair met in Florida earlier this month to discuss the situation in the Korean Peninsula.
“I believe he is trying very hard. He certainly doesn’t want to see turmoil and death,” Trump told Reuters. “He doesn’t want to see it. He is a good man. He is a very good man and I got to know him very well. With that being said, he loves China and he loves the people of China. I know he would like to be able to do something, perhaps it’s possible that he can’t.”
White House officials on Wednesday describe North Korea as an “urgent” threat to national security and a “top foreign policy priority.”
Military action by the US would likely snowball into a massive strike from the North on South Korea. North Korea could also attack Japan.
“My problem is that I have established a very good personal relationship with President Xi,” the president said. “I really feel that he is doing everything in his power to help us with a big situation. So I wouldn’t want to be causing difficulty right now for him. So I would certainly want to speak to him first.”
Russia blocked a Security Council statement proposed by the U.S. on Wednesday to condemn North Korea’s missile tests. China supported the measure.
“Russia is slowing this down, and it is not clear why,” the diplomat told CBS News. “The U.S. wanted to get the message out.” North Korea’s failed missile test launch on Sunday added to geopolitical tensions escalating between President Donald Trump and Pyongyang.
By Wednesday, the world learned that military aircraft headed for Australia were not on their way to North Korea, as President Trump had intonated.
U.S. Vice President Mike Pence said Wednesday that Washington would work with its allies and China but that United States would meet any attack with an “overwhelming response”.
The first of 1250 US Marines have begun to make landfall “stand ready to fight” against North Korea.
“I think that the commitment that we’ve taken to put a task force here with a conversation to get larger over the years says that we do think this is an important region,” Lieut. Colonel Middleton said.
“We are seeing once again a little bit of a flight to safety as a result of the news over the weekend of North Korea’s attempted missile test. That’s resulting in a little bit of a weakness in the U.S. dollar,” said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington.
The U.S. military intercepted two Russian bombers in international airspace off Alaska’s coast. A pair of F-22 Raptor aircraft intercepted the Russian TU-95 Bear bombers on Monday, according to Navy Commander Gary Ross, a Pentagon spokesman said. He called the intercept “safe and professional.”
On Tuesday, at an annual military parade in Tehran, Iran put on display new S-300 air defense missile system, as well as other weapons seen under banners calling for “Death to Israel” in Persian.
President Hassan Rouhani said at the ceremony that Iranian military was “avoiding tensions and encounters” but that it had to “remain vigilant in the face of plots hatched by the others and increase deterrent power.”
Gold has held firm in recent weeks, thanks to tensions surrounding North Korea other geopolitical uncertainty including the upcoming French presidential election. Still, it endured its worst gain in a month on Wednesday, falling 0.8 percent.
Poor U.S. economic data and a lack of confidence for the Trump administration on tax cuts have led to the expectation of faster inflation.
Economic turbulence, extended by President Trump, contributed to safe-haven bids for gold. Unrest in other parts of the world, like Syria and North Korea, also contributed to gold’s higher price.
Gold climbed on Friday, ensuring a monthly gain of more than 1%, as data showing weak U.S. economic growth weighed on the dollar.
The ICE U.S. Dollar Index, which helps measure the dollar, had fallen 0.1% and trading about 1.6% lower for the month.
Exchange-traded funds SPDR Gold Trust increased 0.2%, climing for the month 1.6%. iShares Silver Trust fell 0.2%, down 5.3% for the month. The VanEck Vectors Gold Miners ETF increased 2.5% Friday, its monthly loss 1.9%.
Partisanship determines how people see CBO and government output on government statistics, including the jobless rate and even the Census according a new survey by YouGov. U.S. citizens pick and choose what they believe. Republicans are generally more skeptical of the government. Democrats and Republicans, to be sure, have similar reactions on other government stats.
A majority of Democrats believe most government statistics are reliable, but less than half of Republicans think so; 42% of Republicans, on the other hand, believe few or no statistics provided by government.
For instance, the Congressional Budget Office estimated that 24 million would lose health insurance under the Republican plan. Neither Democrats nor Republicans believed the government numbers, as 46% of Democrats believed more people will lose health insurance and 46% of Republicans believed fewer people will lose health insurance.
Both parties believe the Census Bureau undercounted how many U.S. in 2010, and many doubt numbers reported by the Bureau of Labor Statistics, suggesting the agency under-reports the true numbers.
Many Republicans believe the crime rate has increased over the last twenty years. The government says they have decreased.
Republicans and Democrats are both likely to believe government statistics when it comes to warming global temperatures — pluralities in both parties say the NASA and NOAA reports are correct.
However, while three in four Democrats say human activity is the cause, only 29% of Republicans believe this so.
Not much has changed since YouGov did the same survey in January 2015, when 45 percent of Democrats and 19 percent of Republicans saw all or most public statistics as reliable and accurate.
The data is similar to a trend detected by a Marketplace-Edison Research Poll released last fall in which more than 4 and 10 Americans were found to somewhat or completely distrust the federal government economic data.
Nearly half of Americans, and a supermajority of Trump voters, don’t believe unemployment rates, inflation numbers, household spending figures, health insurance coverage rates, gross domestic product growth and other stats.
As Trump is planned stimulus to pump money to upgrade bridges, roads and other parts of the nation’s infrastructure, and cutting corporate and personal taxes, the IMF is saying the President Trump could be good for U.S. economy.
Christine Lagarde, head of the International Monetary Fund said Sunday that President Donald Trump will probably be good for the American economy in the short term. She did say rising interest rates and a strengthening dollar will be tough for global trade.
Ms. Lagarde cited Trump’s plans for investment in U.S. infrastructure and his likely tax reforms could do well for America’s economic fortunes. Donald Trump’s policies might be felt in the rest of the world.
“That’s a tightening that is going to be difficult on the global economy and for which economies have to prepare,” Lagarde said during an event at the World Government Summit in Dubai as reported by USA Today.
Lagarde discussed a creeping and “insidious” anti-globalization movement which has led to a rise in protectionist views. “We have been saying globalization is great, international trade is great — and it is,” she said. “But we have not looked at those who were badly, negatively impacted.” Instead of citing derivatives and bad loans, she cited robots and shrinking incomes of the global middle class.
Regarding Trump in the White House, Lagarde tread lightly, saying “this is really a work in progress — there’s been of announcements, a lot of tweets, a lot of things being said.” She pointed towards the importance of data and facts in decision making.
“I know it’s not fashionable at the moment, but I think that facts, figures (and) actual assessment of the reality matter and that we have to be honest about it,” she said.
Her comments mirror IMF statements in January, when the said that a stimulus in spending under Trump should bode well for the U.S. economy.
The IMF’s recent optimism towards the U.S economy comes as the world awaits how the Trump administration will approach global governance.
The IMF’s most recent growth forecast for 2017 is 2.3%, an incremental increase from its 2.2% made in October. Next
Trump has claimed his economic policies would mean a 4% pace.
The IMF called its forecast for the U.S. the most probable of a “wide range of possible scenarios,” citing uncertainty over Trump and a Republican controlled congress will spell.
If Donald Trump pursues stimulus measures above the IMF forecast, U.S growth could prove even stronger. Donald Trump protectionism could stifle the growth.
The IMF’s tune was different during the Presidential election, when they sugested that Trump’s protectionism wold be bad for world economy.
“For two decades before the 2000s, global trade regularly grew by 7%, or twice the rate of the world economy. Today, however, trade growth is below that of the global economy – at about 2%,” Lagarde said.
“There is a growing risk of politicians seeking office by promising to ‘get tough’ with foreign trade partners through punitive tariffs or other restrictions on trade. I am deeply concerned about this – not only because I was a minister of trade, but because trade has been at the heart of the IMF’s mandate for more than 70 years.”
President elect Donald J Trump took to Twitter last week to promise punitive actions for those companies who left the US. It’s hardly the sort of free trade beliefs he pushed during the election, and a nightmare scenario for US business.
Mr. Trump outlined what could become one of his legacy policies as President of the United States in a tweetstorm.
The U.S. is going to substantialy reduce taxes and regulations on businesses, but any business that leaves our country for another country,
— Donald J. Trump (@realDonaldTrump) December 4, 2016
fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its product back into the U.S. ……
— Donald J. Trump (@realDonaldTrump) December 4, 2016
without retribution or consequence, is WRONG! There will be a tax on our soon to be strong border of 35% for these companies ……
— Donald J. Trump (@realDonaldTrump) December 4, 2016
wanting to sell their product, cars, A.C. units etc., back across the border. This tax will make leaving financially difficult, but…..
— Donald J. Trump (@realDonaldTrump) December 4, 2016
these companies are able to move between all 50 states, with no tax or tariff being charged. Please be forewarned prior to making a very …
— Donald J. Trump (@realDonaldTrump) December 4, 2016
expensive mistake! THE UNITED STATES IS OPEN FOR BUSINESS
— Donald J. Trump (@realDonaldTrump) December 4, 2016
Mr. Trump first tweeted,“Just tried watching Saturday Night Live – unwatchable! Totally biased, not funny and the Baldwin impersonation just can’t get any worse. Sad”
He then launched the bombshell US business policy on which there will be a tax for US companies, who re-incorporated abroad, to sell their products back to US businesses and consumers.
That Mr. Trump fails to distinguish between small and big companies – “any business” he tweets – could have implications for thousands of small and family businesses.
“The U.S. is going to substantially reduce taxes and regulations on businesses, but any business that leaves our country for another country,” Trump’s first tweet of on the subject begins, “fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its product back into the U.S. ……
without retribution or consequence, is WRONG! There will be a tax on our soon to be strong border of 35% for these companies …..”
Trump spells out why: this will make it harder for US companies to escape.
Across the tweets, the President essentially threatens US companies, offering back nothing more than a promise of future low taxes for those who obey.
“these companies are able to move between all 50 states, with no tax or tariff being charged,” he tweets. “Please be forewarned prior to making a very …expensive mistake!
In a truly Orwellian ending, Mr. Trump tweets: “THE UNITED STATES IS OPEN FOR BUSINESS”
We were watching when last week Mr. Trump declared at a rally in Indiana, “companies are not going to leave the US anymore without consequences.” We waited for him to elaborate. He has.
CEO’s are asking, ‘Who’s next?’ in context of last week’s Carrier deal.
Sarah Palin called that deal “crony capitalism.” Mike Pence denied it. Mr Trump, meanwhile, uses the Carrier deal as an example of a business first approach.
Mr. Trump’s actions could disrupt balances in the ‘Chimerica’ arrangement with China, prompting a trade war so soon as his first 100 days in office.
Bitcoin investor Peter Thiel attended the same costume event last week where Donald Trump made headlines. The theme of the event – heroes and villains – prompted Mr. Trump to fittingly dress as himself. Read More
Donald J Trump tweeted Tuesday that SoftBank of Japan agreed to invest $50 billion in the US towards businesses and 50,000 new jobs. The tweet comes on the even of Pearl Harbor, a scar on the memory of both nations. In announcing the deal, Mr. Trump makes good on a campaign promise to improve international relations.
“Companies are not going to leave the United States anymore without consequences. Not going to happen. It’s not going to happen, I’ll tell you right now,” Trump said on Thursday at a rally in Indiana as he boasted about the job’s he’d saved at Carrier, a company that purportedly planned to go to move 2,100 jobs to Mexico.
A 30 year old in the US Air Force, stationed in Korea, mines bitcoins in his dorm room. He mined in the US from his own apartment before being deployed. Read More
Islamic Institutions, which follow guidelines issued by a Bahrain based group, now have a new sharia standard for gold-based products so as to incorporate bullion into Islamic finance.
Gold has long been seen as currency in Islamic finance. Investors, however, have yet to speculate on its future value since no clear policy on how to trade gold. Read More
Adolf Hitler’s lost gold has been found, according to a British diver in the Baltic sea. The ocean explorer’s claims he found gold the Nazi’s stole as they ransacked Europe during World War II horrors.
The discovery is reported to approximate £100 million, has been sought by treasure seekers time-and-time again never to be found…until now. Read More
Is India thinking about banning gold imports?
That could be as the trade body Indian Bullion & Jewellers Association (IBJA) informed its 2500 members through text that the government is considering a ban on gold imports into the country per part of a larger crackdown on black money. Read More
The U.S. moved Monday to block gold mining outside of Yellowstone National Park, and the Obama Administration is seeking to keep industry out of natural and environmentally sensitive areas.
Mining claims on 30,370 acres to the north of Yellowstone would be prohibited for at least two years. A long-term ban is being considered, according to Interior Secretary Sally Jewell on a visit to Montana’s Paradise Valley, according to The Missoulian. Last week interior officials blocked new oil drilling in the Arctic Ocean, and cancelled 25 oil and gas leases in west Colorado, as well as 15 in northwestern Montana. Read More
Marijuana for medical purposes? President-elect Donald J. Trump is for it. Helping people when they come to the US asking for help? “Absolutely,” he says, with a caveat: “People have to come into the country legally.” Man buns he admits have “never been my thing.”
As for bringing back the gold standard, the global economy order until World War II, President-elect Trump thinks it will be hard but is open-minded.
“Bringing back the gold standard would be very hard to do, but boy would it be wonderful,” he said. “We’d have a standard on which to base our money.” Read More
“If you ask me what the topics would be for a political solution, I don’t know,” he said. “No one has proposed anything. To talk about a political solution while the other side is controlled by masters in Saudi, Turkey, the UK, the USA, and France is not realistic. The core of the problem is those countries are interfering. If they stop, then the terrorists will be weak and leave or be defeated, and then we can sit as Syrians and talk about solutions,” the Syrian president added. He applauds military support of Russia,
“What made the difference, of course, was firepower. They have firepower we don’t have,” he said, noting that, while other allies in the region have provided help, it has been far from enough.
Early in the Presidential Debate, attention turned to recent recordings leaked from a 2005 discussion in which Trump made derogatory comments towards women.
“This was locker room talk,” he said. “I’m not proud of it. I apologize to my family, to the American people. Certainly, I’m not proud of it.”
He added: “I have great respect for women. Nobody has more respect for women than i do. You hear these things. I was embarrassed by it. I have tremendous respect for women, and women have respect for me.”
Like everyone else, I spent a lot of thinking over the last 48 hrs about what we heard and saw,” Mrs. Clinton said. “With prior republican nominees, I disagreed with them on policies and principles, but I never questioned their fitness to serve. Donald trump is different. I said starting back in June he was not fit to be commander and chief. And many republicans and independents have said the same thing. What we all saw and heard on Friday was Donald talking about women, what he thinks about women, what he does to women, and he has said the video doesn’t represent who he is. But i think it’s clear to anyone who heard it that it represents who he is. We’ve seen this throughout the campaign, we have seen him assault women, rate women on appearance, ranking them from 1 to 10, we’ve seen him embarrass woman on TV and Twitter. We saw him after the first debate, nearly a week denigrating a former miss universe in the harshest most personal terms.”
She added: “Yes, this is who Donald Trump is. But it’s not only women, and it;s not only this video that raises questions about his fitness to be our president because he has also targeted immigrants, native americans, latinos, people with disabilities, pows, muslims and so many others.”
Trump concluded: “Its just words, those words. I’ve been hearing them for many years, I heard them when they were running senate where Hillary was gonna bring jobs back to upstate New York and she failed. Hillary is constantly talking about inner cities which are a disaster education wise. I am going to help african americans, latinos, hispanics.” He then evoked Bill Clinton.
“What President Clinton did he was impeached, lost his license to practice law, he had to pay 850k to one of the women, Paula Jones,” he said. “I will tell you, that when Hillary brings up a point like that and she talks about words i said years ago, i think it’s disgraceful and I think she should be ashamed of herself.”
Clinton then riposted: “I am reminded of what my friend Michelle Obama advised us all: ‘when they go low, you go high.'”
The Pirate Party, which promises asylum to Edward Snowden and accepts Bitcoin, could form the next Icelandic government.
The Pirate Party is symptomatic of great distrust in the traditional political system gripping Europe. Drug decriminalization and promises of economic improvement have inspired people skeptical of corruption.
Iceland’s Parliamentary election takes place October 29.
“Across Europe … increasingly many people think that the system that is supposed to look after them is not doing it anymore,” Pirate leader Birgitta Jonsdottir, who is also a published poet, told Reuters.
He added: “We know that we are new to this and it is important that we are extra careful and extra critical on ourselves to not take too much on. I really don’t think that we are going to make a lot of ripples in the economy in the first term.” The party says it won’t do things too dramatic.
“We will not be doing any dramatic things in this regard, we will carry on with the lifting of capital control. We are not going to make any dramatic changes in the financial sector,” said Jonsdottir.
With persistent private and public surveillance on the public, the “private sphere” has been effectively deleted from way of life in the US and abroad. No longer will there be a debate about the dichotomy of private/public, for a decision has been reached: everything, everywhere is public.