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☆ The red flags that will tell us when China's actually ready to invade Taiwan
▼ + stars: | 2024-04-27 | by ( Chris Panella | ) www.businessinsider.com time to read: +12 min

"I don't think they lack for anything that they need," Lyle Goldstein, director of Asia engagement at Defense Priorities, said of China's forces. Military forces are being deployed nearer to Taiwan than ever, effectively shortening Taiwan's reaction time. Stockpiling of China's rocket force, too, suggests it would have more than enough missiles and rockets to target Taiwan. One common concern is that as China's military exercises around Taiwan have grown in frequency and size, the line between exercise and potential attack is becoming blurred. Xie Huanchi/Xinhua via Getty ImagesExperts, as well as US and Taiwan lawmakers and military officials, have long debated about the readiness of the People's Liberation Army as China's military is known.

Persons: —, Lyle Goldstein, Stringer China, Xi, Thomas Shugart, who's, Shugart, Goldstein, Mike Studeman, Xi Jinping, Dean Cheng, haven't, Cheng, Xie Huanchi, There's, Kyle Amonson, Dane Egli, Annabelle Chih, Getty Images Goldstein, Joe Biden Organizations: Service, Business, Defense, REUTERS, Taiwan's, Taiwan's Ministry of Defense, US Department of Defense, China Economic, Security, PLA, Patriot, US, Center, New, New American Security, Marine Corps, China Coast Guard, Scarborough, ROSA, Military, of Naval Intelligence, Pacific Command, US Institute of Peace, of, People, Getty Images, People's Liberation Army, CCP, Soviet, Center for Strategic, International Studies, Japan, US Coast Guard, Chinese Communist Party, Democratic Progressive Party, Kyodo, Stills Locations: China, Taiwan, Asia, Liaoning, Beijing, New American, AFP, Hong Kong, Xinhua, DoD's China, Cuba, US, Tainan, Japan, Philippines

☆ Democrats build financial edge in battle for the House
▼ + stars: | 2024-04-19 | by ( David Wright | ) edition.cnn.com time to read: +4 min

Meanwhile, a pair of super PACs aligned with the House leadership of both parties also announced their most recent quarterly fundraising totals this week, showing Democrats with another advantage. House Majority PAC, the Democratic super PAC, said that, along with its affiliated organization, House Majority Forward, it had raised $37 million in the quarter for Democrats’ House effort. Adding to the pressure, House Republicans are still dealing with the fallout from leadership fights as they seek to defend their razor-thin majority. Meanwhile, a conservative dark money group, American Prosperity Alliance, launched new ads this week targeting three House Republicans who had voted to oust McCarthy, slamming their voting records. House Majority PAC, the lead Democratic super PAC, announced earlier this month plans to spend $186 million on advertising campaigns targeting a series of key battleground races.

Persons: outraising, outraised, Mike Johnson, Kevin McCarthy, Johnson, McCarthy, – Johnson, Marjorie Taylor Greene, Greene Organizations: CNN, US, Representatives, GOP, Democrats ’, Democratic Congressional, Committee, Republican, National Republican Congressional Committee, PAC, Democratic, Congressional, Fund, American Action Network, Republicans, House Republicans, Capitol, Capitol Hill . Rep, Marjorie Taylor Greene of, American Prosperity Alliance Locations: California, New York, Capitol Hill, Marjorie Taylor Greene of Georgia, Ukraine, Israel

☆ Lawmakers' next move on taxes
▼ + stars: | 2024-04-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLawmakers' next move on taxesDouglas Holtz-Eakin, president of the American Action Forum, joins 'Squawk Box' to discuss why he believes the 2017 tax act was a pivotal moment in tax policy, what lawmakers should do before the act expires, and more.

Persons: Douglas Holtz, Eakin Organizations: Lawmakers, American Action

☆ The inflation issue is President Biden's Achilles' heel, says American Action Forum President
▼ + stars: | 2024-03-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe inflation issue is President Biden's Achilles' heel, says American Action Forum PresidentHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Biden's Achilles, Brian Sullivan, “ Organizations: CNBC

☆ Trump floats ‘more than’ 60% tariffs on Chinese imports
▼ + stars: | 2024-02-04 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

US President Donald Trump and China's President Xi Jinping attend a business leaders event inside the Great Hall of the People in Beijing on November 9, 2017. The Washington Post first reported the Trump campaign was weighing a theoretical 60% Chinese tariff plan. Her disapproval echoes the concerns of Wall Street investors who worry that another China trade war would disrupt markets again. At the time, Deutsche Bank estimated that the trade war was causing the stock market to hemorrhage trillions. Trump has attacked Biden for appeasing China while simultaneously expressing cozy sentiments toward China's authoritarian president, Xi Jinping.

Persons: Donald Trump, Xi Jinping, Trump, Nikki Haley, Trump's, Donald Trump's, Haley, Joe Biden, Biden, Xi, Fox News's Sean Hannity Organizations: China's, of, People, GOP, Washington Post, UN, National Taxpayers Union, Wall Street, China, U.S, American Action, U.S ., China Business Council, Deutsche Bank, appeasing Locations: Beijing, U.S, China, appeasing China

Attacks The map shows five of the seven sites that the U.S. hit with military strikes in Syria and Iraq. The strikes hit more than 85 targets at different locations using more than 125 precision-guided munitions, according to a statement by U.S. Central Command. Two American officials said the United States also conducted cyberoperations against Iranian targets on Friday but declined to provide details. It is clear from statements from the White House, and from Tehran, that neither the United States nor Iran wants a wider war. Striking sites in the Mideast with aircraft launched from the United States and refueled midair is a muscular show of global reach and capability, the official said.

Persons: Biden, Biden’s, Mr, “, ”, John F, Kirby, Douglas, Sims, Yahya Rasool, That’s, Iran’s, Jordan, Roger Wicker of, William Jerome Rivers, Kennedy Ladon Sanders, Breonna Alexsondria Moffett, Moffett, Sanders, Sergeant Rivers Organizations: Iranian, Islamic Revolutionary Guards Corps Quds Force, U.S . Central Command, Islamic Revolutionary Guards Corps, ”, Jordan . Middle, Revolutionary Guards, National Security Council, White House, Central Command, White, Pentagon, Dyess Air Force Base, U.S, military’s Joint Staff, Air Force, Iraq’s Armed Forces, Iran’s Revolutionary Guards Corps, Revolutionary Guards Corps, Administration, Capitol, Biden, Republican, Armed Services Committee, Dover Air Force Base, Army Reserve Locations: United States, Syria, Iraq, East, Jordan, Iran, U.S, Jordan ., Tehran, Texas, Yemen, Israel, Gen, Roger Wicker of Mississippi, Delaware

On Wednesday the White House said it believes an umbrella group of militants called Islamic Resistance in Iraq was behind the drone attack in Jordan. He stopped short of assigning exact blame on Kata’ib Hezbollah, the most powerful Iran-backed militia in Iraq, saying it was not the only group responsible for previous attacks on US bases. On Friday, Iranian President Ebrahim Raisi said his country will not initiate a war but will “respond strongly” to bullies. In a sign of a possible effort to quell the tensions, Kataib Hezbollah, announced on Tuesday the suspension of its military operations against US forces in the region. “We are announcing the suspension of military and security operations against the occupation forces (US troops) - in order to prevent embarrassment to the Iraqi government,” Kataib Hezbollah said in a statement.

Persons: Joe Biden, Biden, Lloyd Austin, ”, ” Austin, We’re, ” John Kirby, “, ” Kirby, Ebrahim Raisi, ” Kataib, Akram Al Organizations: CNN, Pentagon, National Security Council, White, Hezbollah, US, Free Hezbollah Brigades Locations: Iraq, Syria, Iran, Jordan, Israel, Gaza, Tehran, United States, Islamic Republic of Iran, Iranian Hormozgan province

CNN —In a surprise move, the most powerful Iran-backed militia in Iraq, Kataib Hezbollah, announced on Tuesday the suspension of its military operations against US forces in the region two days after a drone attack killed three US service members and wounded dozens of others. “We are announcing the suspension of military and security operations against the occupation forces (US troops) – in order to prevent embarrassment to the Iraqi government,” Kataib Hezbollah said in a statement. The US holds Iran broadly responsible for arming and supporting these groups and has specifically singled out Kataib Hezbollah as likely to have carried out the deadly attack on Sunday. Asked about the statement, Pentagon press secretary Maj. Gen. Pat Ryder said at a briefing Tuesday, “We’ve seen those reports. The motive behind the group’s decision is unclear, but an adviser to the Iraqi prime minister said the prime minister’s efforts have paid off.

Persons: ” Kataib, Pat Ryder, “ We’ve, ” Ryder, Ryder, Kataib, ”, Islamic Republic –, Mohammed Shia, Hisham Al Organizations: CNN, US, Free Hezbollah Brigades, Iraqi Locations: Iran, Iraq, Gaza, Syria, Jordan, Islamic Republic, Iraqi

☆ Trump's proposed 10% tariff plan would 'shake up every asset class,' strategist says
▼ + stars: | 2024-01-22 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

Mike Segar | ReutersMarkets need to begin thinking about the structural impact of Donald Trump's proposed 10% tariff increase, which "shakes up every asset class," according to Michael Every, global strategist at Rabobank. He suggested one of investors' top concerns would be the 10% tariff on all U.S. imports. Trump floated the 10% tariff during an interview last year with Fox Business' Larry Kudlow, his former White House economic advisor, saying "it's a massive amount of money." China responded with its own tariffs on U.S. goods, and Trump also imposed tariffs on steel and aluminum imports from most countries, including many of Washington's biggest allies. He noted Trump's tendency to "change his mind" so frequently on geopolitical issues that "people won't know where his thinking is at."

Persons: Donald Trump, Mike Segar, Donald Trump's, Michael Every, Janet Yellen, Ron DeSantis, CNBC's, Trump, Tom Lee, Larry Kudlow, it's, Keen, Joe Biden's, Dan Boardman Organizations: U.S, Republican, New, Reuters, Rabobank, The, Foundation, Forum, GOP, Trump, Fox Business, White, AAF, BRI Wealth Management Locations: New Hampshire, Rochester , New Hampshire, U.S, America, China, Beijing, Weston

☆ We're looking at 'slow at best' growth in 2024, says former OMB Director Douglas Holtz-Eakin
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're looking at 'slow at best' growth in 2024, says former OMB Director Douglas Holtz-EakinBharat Ramamurti, former White House National Economic Council deputy director, and Douglas Holtz-Eakin, American Action Forum president and former Office of Management and Budget director, join 'Squawk Box' to discuss October's PCE inflation data, the state of the U.S. economy, and more.

Persons: Douglas Holtz, Bharat Ramamurti Organizations: White, National Economic Council, Action, of Management Locations: U.S

☆ An aggrieved McCarthy weighs leaving the House with his GOP foes on his mind
▼ + stars: | 2023-11-12 | by ( Manu Raju | Sam Fossum | ) edition.cnn.com time to read: +8 min

McCarthy continually accused Gaetz of only going after him because of a House Ethics Committee probe he’s facing, a charge the GOP hardliner has repeatedly denied. “If the Ethics Committee never does anything to Gaetz, then Gaetz was successful in stopping probably what rightfully should come to him,” McCarthy said. Asked if he were concerned about Johnson’s approach to Gaetz, McCarthy said: “That’s a question for Speaker Johnson. It’s not good for the House,’” McCarthy said of Pelosi. Asked if he had thought he would make it two years as speaker, McCarthy said: “I never knew.”McCarthy credited Trump for his winning the gavel.

Persons: Kevin McCarthy, McCarthy, Donald Trump, Matt Gaetz, Gaetz, GOP hardliner, “, ” McCarthy, Mike Johnson’s, –, Johnson doesn’t, Johnson, ”, ” Gaetz, Harry Truman, he’d, Franklin Roosevelt’s, “ I’m, hasn’t, Hakeem Jeffries, —, Nancy Pelosi, Pelosi, ‘, We’d, It’s, ’ ” McCarthy, ” Aaron Bennett, ” Bennett, Pelsoi, Trump, ” Haley Talbot, Shania Shelton Organizations: CNN, Former, Republicans, California Republican, GOP, Republican, Congressional, Fund, American Action, Louisiana Republican, New York Democrat, Capitol, Trump, Florida Republican Locations: California, Florida, Washington, Louisiana

☆ Prepare for an Iranian Escalation
▼ + stars: | 2023-10-31 | by ( Reuel Marc Gerecht | Ray Takeyh | ) www.wsj.com time to read: +1 min

Images: AP/Getty Images Composite: Mark KellyIran has patiently built up its “axis of resistance” over 20 years. This alliance among Iran, the Syrian regime, Hezbollah, Hamas and other radical Sunni and Shiite Arab militias is an expression of the Islamic Republic’s vibrant anti-Western ethos. It’s also a means by which the clerical regime can overcome the enormous damage the Syrian civil war has inflicted on its standing among Sunni Muslims. Fortunately for the clerical regime, its Palestinian proxy in Gaza will be hard to destroy. The farther the Israel Defense Forces advance, the more pressure will mount on the Islamic Republic to expand the conflict.

Persons: David Asman, David Petraeus, Mark Kelly Iran, It’s, Tehran can’t Organizations: Israel Defense Forces Locations: Iran, Tehran, Gaza, Republic, Jerusalem

It's a reminder of the power and potential of Nigeria's rapidly growing film industry. It is the world's second-largest film industry after India based on number of productions, with an average of 2,000 movies released annually. The movie also has been lauded as signifying the potential of the film industry in Nigeria as well as across Africa. In Nigeria, the movie industry is at “the point right now where the world needs to take notice,” Effiong said. He said that's because "The Black Book is a film by Black people, Black actors, Black producers, Black money 100%, and it’s gone ahead to become a global blockbuster."

Persons: —, ”, Editi Effiong, Afolayan's Aníkúlápó, Paul Edima —, Richard Mofe, Edima, ” Effiong, Effiong, “, John Wick, it’s Organizations: Netflix, Associated Press, Twitter, Digital TV Research Locations: ABUJA, Nigeria, Nigerian, Africa’s, India, West Africa, Lagos, Africa, Saharan Africa, “ Africa

"The situation is already very bad for dollar-based funds to invest in China's tech sector. There isn't much room for things to get worse," said Beijing-based China Growth Capital partner Wayne Shiong. Biden's move will likely make China-focussed venture capital firms feel more urgency to raise yuan funds from Chinese investors, he said. In response to Biden's executive order, China's commerce ministry said it was "gravely concerned" and reserved the right to take countermeasures. But the executive order is barely going to do anything, and China escalating would risk turning a molehill into a mountain."

Persons: Florence Lo, Joe Biden's, Donald Trump, Weiheng Chen, Wilson Sonsini, Biden, Chen, Wayne Shiong, Biden's, Yuan, Pan, Trump, Derek Scissors, Kane Wu, Michael Martina, Roxanne Liu, Ziyi Tang, Yantoultra, Sumeet Chatterjee, William Mallard Organizations: REUTERS, U.S, Reuters Graphics Reuters, China Growth Capital, Chinese Academy of Social Sciences, TECH, Hua Hong Semiconductor, Analysts, American Enterprise Institute, Thomson Locations: China, U.S, HONG KONG, WASHINGTON, Beijing, Washington, Shanghai, Hong Kong, Singapore, Bengaluru

☆ UAW will have to get public policy aid for some issues raised, says labor expert Marick Masters
▼ + stars: | 2023-08-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUAW will have to get public policy aid for some issues raised, says labor expert Marick MastersMarick Masters, Wayne State business professor, and Douglas Holtz-Eakin, American Action Forum president, joins 'Last Call' to talk the UAW's upcoming contract negotiations with automakers.

Persons: Marick, Douglas Holtz Organizations: UAW, Wayne, Action Locations: Wayne State

☆ U.S. Treasury Secretary Janet Yellen meets Chinese Premier Li Qiang
▼ + stars: | 2023-07-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Chinese Premier Li Qiang (R) shakes hands with US Treasury Secretary Janet Yellen during a meeting at the Great Hall of the People in Beijing on July 7, 2023. BEIJING — U.S. Treasury Secretary Janet Yellen defended American actions to protect its national security in prepared remarks for a meeting with Chinese Premier Li Qiang. "The United States will, in certain circumstances, need to pursue targeted actions to protect its national security," Yellen said Friday in prepared remarks. Among several measures, the U.S. in October announced sweeping export controls that restrict the ability of Chinese businesses to develop advanced semiconductors. The ministry said Thursday the measures were not targeted at a specific country, and that it had notified the U.S. and Europe ahead of the public announcement.

Persons: Li Qiang, Janet Yellen, Premier Li Qiang, Yellen Organizations: of, People, Treasury, Premier, China's Ministry of Commerce Locations: Beijing, BEIJING — U.S, United States, U.S, China, Europe

☆ Fmr. CBO Director Douglas Holtz-Eakin: Short-term debt ceiling extension very likely at this point
▼ + stars: | 2023-05-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. CBO Director Douglas Holtz-Eakin: Short-term debt ceiling extension very likely at this pointDouglas Holtz-Eakin, American Action Forum president and former CBO director, and former U.S. congresswoman Donna Edwards join 'Squawk Box' to discuss the latest in debt ceiling negotiations, and whether a deal can be reached at Tuesday's White House meeting.

"Not only are these big banks not sitting around and waiting for the phone to ring, they are also being proactive." Amid the nation's most troubling turmoil in banking since the global financial crisis nearly 15 years ago, the big banks are flexing their collective muscle. The 2008 financial crisis humbled the banking behemoths; the 2023 crisis of regional banks has now only cemented their power. For an increasingly stretched financial system, the big banks provide a needed stability. The flight to safety that is benefiting the big banks will have a cost, however.

☆ Economists, activists warn lawmakers of looming debt default if Congress cannot agree to raise the debt ceiling
▼ + stars: | 2023-03-07 | by ( Chelsey Cox | ) www.cnbc.com time to read: +5 min

Mark Zandi, chief economist at Moody's, said an impending default would "be a catastrophic blow to the already fragile economy." "Given the dramatic reduction in government spending in this scenario and the already fragile economy, the economy suffers a recession in 2024. "Bond investors, unsure of how this legal uncertainty would be resolved would demand a much higher interest rate in compensation. In his opening remarks, Holtz-Eakin also said that skirting default would have "serious and adverse economic effects." "House Republicans don't seem concerned about the upcoming debt limit deadline," Warren said in her opening remarks.

☆ How to start a cleaning business, from a millennial founder who booked $150,000 in revenue last year
▼ + stars: | 2023-01-25 | by ( Alexandra York | ) www.businessinsider.com time to read: +5 min

In 2016, Kaylie Hill quit her job to launch a cleaning business in Orange County, California. Here are her tips for launching a cleaning business and generating multiple income streams. For entrepreneurs looking to launch their own cleaning business, Hill emphasized the importance of using market research to determine your prices. Between editing and posting previous videos, filming cleaning jobs, and replying to comments, she says it feels like working two jobs. She typically works on two or three organizing jobs per month and has two regular cleaning clients.

☆ Republicans pitched an economic solution. Now they'll have to deliver.
▼ + stars: | 2022-11-19 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +6 min

While Republicans sought to seize on that economic anxiety during the campaign, most candidates provided few specifics. “The GOP still doesn’t know what its economic policy is in a post-Trump world,” said Brian Riedl, who worked for six years as chief economist for Republican Sen. Biden said he has no plans to change his approach to the economy, despite voters’ sentiments, making a shift toward a compromise with Republicans on economic policy seemingly unlikely. “That means there will be a lot less economic policy. “Republicans are going to need to deliver on the economy, especially if the economy is worsening and inflation is worsening,” said Riedl.

☆ Right-wing operatives plead guilty to 2020 election robocall scheme
▼ + stars: | 2022-10-25 | by ( Zoë Richards | Zoë Richards Is The Evening Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

A pair of right-wing provocateurs pleaded guilty on Monday to telecommunications fraud stemming from robocalls made shortly before the 2020 election. Jacob Wohl, 24, and Jack Burkman, 56, each pleaded guilty to one felony count, a spokesperson from the Cuyahoga County Prosecutor’s Office confirmed. Both men were indicted in October 2020 on eight counts of telecommunications fraud and seven counts of bribery in connection with trying to influence voters through robocalls on Aug. 26, 2020, that contained disinformation about mail-in voting ahead of the November election. The remaining charges were dismissed Monday, according to Wohl’s attorney, Mark Wieczorek, who declined to comment on his client's guilty plea. Assistant Prosecuting Attorney James Gutierrez said Burkman and Wohl were "held accountable" for infringing on voters' rights.

Share this -Link copiedCommittee votes to subpoena Trump The committee voted on Thursday unanimously to subpoena Trump. Trump would not be the first president to be subpoenaed, nor would he be the first former president subpoenaed by Congress. "Even before the networks called the race for President Biden on Nov. 7th, his chances of pulling out a victory were virtually nonexistent, and President Trump knew it," Kinzinger said. “At times, President Trump acknowledged the reality of his loss. “What did President Trump know?

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