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Why all the fuss about the confirmation of retired Army Gen. Lloyd Austin as President-elect Joe Biden’s choice for secretary of defense? Austin retired in 2016; therefore, he needs a waiver to serve as secretary. That is why I’m proud to support Austin’s nomination for defense secretary. Negotiation within the confines of civilian leadership is an essential part of the process. He has spent his career working with foreign governments and civilians; he obviously comprehends the principle of civilian military control expressed in our founding documents.
Persons: Lloyd Austin, Joe Biden’s, Austin, Austin —, Donald Trump’s, Mark Milley, CENTCOM, Austin doesn’t Organizations: Congress, Joint Chiefs of Staff, 82nd Airborne Division, Mountain Division, XVIII Airborne Corps, Joint Staff, Army, U.S . Central Command, Islamic State, Austin Locations: Austin, Iraq, East, U.S, Russia, China, Iran, America
Bracing for Biden climate rules, U.S. Chamber asks Congress to make laws
  + stars: | 2021-01-19 | by ( Reuters Staff | ) www.reuters.com sentiment -0.87   time to read: +2 min
WASHINGTON (Reuters) - The U.S. Chamber of Commerce, the country’s biggest and most influential business lobby group, shifted its position on climate change on Tuesday, saying Congress should pass laws pushing companies to limit greenhouse gas emissions. REUTERS/Tom Brenner“The Chamber supports a market-based approach to accelerate GHG (greenhouse gas} emissions reductions across the U.S. economy,” the trade group said in a statement. The Chamber had long been an opponent of policies to put a price on carbon or mandate emission reduction cuts. “Greater collaboration between governments and businesses is essential to build the best models to tackle climate challenges, which is why the Chamber supports U.S. participation in the Paris Agreement,” it said. French energy firm Total pulled out of the American Petroleum here on Friday over disagreements about the group's climate policy, including carbon pricing.
Persons: Joe Biden, Joseph R, Beau, Biden, Tom Brenner, Barack, Obama, Donald Trump Organizations: WASHINGTON, U.S . Chamber of Commerce, Biden III National Guard / Reserve, New, REUTERS, Congress, Democratic, federal, Chamber, ” Republican, American Petroleum Locations: New Castle, New Castle , Delaware, U.S, Paris, United States, American
Indian shares rise over 1% on boost from Reliance, HDFC
  + stars: | 2021-01-19 | by ( Sethuraman N R | ) www.reuters.com + 0.79   time to read: +2 min
REUTERS/Shailesh Andrade/FilesBENGALURU (Reuters) - Indian shares rose more than 1% on Tuesday as heavyweights Reliance and Housing Development Finance Corp provided a boost, with investors eyeing upbeat global cues ahead of a new presidency under U.S. President-elect Joe Biden. The Nifty and the Sensex had hit record highs last week before sliding in the past two sessions. Among individual shares and sectors, Reliance Industries, which has lost about 9% since October, rose 2%, while Housing Development Finance Corp gained 1.7%, making them the top boosts to the Nifty 50 index. “Further ‘big stimulus’ (in the U.S.) along with the huge liquidity created by the unprecedented monetary stimulus can keep markets buoyant. Shares of Mindtree Ltd rose 2% after the information technology services provider reported strong December-quarter results.
Persons: Shailesh Andrade, Joe Biden, , Rusmik Oza, Janet Yellen, , Vijayakumar Organizations: REUTERS, Reliance, Housing Development Finance Corp, U.S, BSE, Kotak Securities, Treasury Department, Finance Committee, Reliance Industries, Geojit Financial, Mindtree, Maruti Suzuki India Ltd Locations: Mumbai, BENGALURU, U.S
ET Covid-19 Live Updates: Biden Moves to Take Charge as U.S. Credit... Ruth Fremson/The New York Times Across the United States, state education and district officials say the pandemic has intensified a longstanding teacher shortage to crisis levels. Public school systems in the United States have been grappling with a shortage of full-time teachers for years. Nearly a third of nursing home workers in New York State have declined to be vaccinated. The state health department has done online events and other educational outreach with nursing homes, largely to address vaccine hesitancy.
Persons: Biden, Joseph R, Ruth Fremson, “ It’s, , Laura Penman, , Emma Garcia, Yuki Iwamura, Andrew M, Cuomo, Martin Luther King’s, ” Mr, ” Bryan Pietsch Organizations: New York Times, Eminence Community Schools, Economic, Institute, Associated, New York State, Gov, Workers, Tuskegee Locations: United States, Indiana, Washington, New York, Harlem, Long
ET What to Watch in Janet Yellen’s Confirmation Hearing: Live Business UpdatesWhat to watch at Janet Yellen’s confirmation hearing for Treasury secretary. Ms. Yellen is one of a handful of nominees of President-elect Joseph R. Biden Jr. that will go before senators the day before Mr. Biden’s inauguration. The confirmation process for Ms. Yellen, a seasoned economist and central banker who served as chair of the Federal Reserve from 2014 to 2018, is expected to be a relatively smooth one. And Senator Charles E. Grassley of Iowa, currently Republican chairman of the Finance Committee, has spoken positively of Ms. Yellen since Mr. Biden picked her for the job. But they were not hidden in a draft version of the complaint reviewed by The New York Times, report Daisuke Wakabayashi and Tiffany Hsu.
Persons: Janet Yellen’s, Ms, Yellen, Kriston Jae Bethel, The New York Times Janet Yellen, Joseph R, Biden, Biden’s, , Ron Wyden, Charles E, Grassley, Steven Mnuchin, Babe Ruth, Babe Ruth Home, Sultan, Andrew Lipsman, “ It’s, Mr, Lipsman, millennials, Ruth, Ty Cobb, Erin Schaff, Smialek, Paige Vickers, general’s, Daisuke Wakabayashi, Tiffany Hsu, “ Unbeknown Organizations: Federal Reserve, The New York Times, Treasury, Senate, Oregon, Finance, Finance Committee, Biden, Costco, “ Sports, Street Journal, Baseball, America, Fed, Facebook, Google, Times Locations: United States, Iowa, China, Iran, Swat, Washington, York, Japan, Europe, Texas, Facebook’s
ET Live Updates: Biden’s Nominees Face Hearings as Trump Plans Final Pardons Several of President-elect Joe Biden’s cabinet nominees will have hearings today, including his picks to lead the Departments of Homeland Security and Defense. President Trump could issue a raft of pardons on his final day in office. Republicans have complained that Democrats subjected Trump nominees to excessive delays, and they might want to return the favor. His comments set the groundwork for Mr. Trump’s false claims that Mr. Biden was not the rightful winner. In his ITV interview, Mr. Barr was unwilling to discuss any role that Mr. Trump might have played in the mob attack.
Persons: Joe Biden’s, Trump, Trump’s, Doug Mills, Nancy Pelosi, Biden, Alejandro N, Mayorkas, Avril D, Haines, Janet Yellen, Antony J, Blinken, Lloyd J, Austin III, Sheldon Silver, Lil Wayne, Joint Base Andrews, Biden’s, Hilary Swift, Joseph R, , — Lloyd J, General Austin, Jim Mattis, John Kelly, Barack Obama’s, Bob Gates, Bush, David L, George W, recommit, Mr, Obama, Yellen, Jennifer Steinhauer, Lara Jakes, Zolan Kanno, Youngs, Alan Rappeport, Julian Barnes, Harris, Lincoln, Oliver Contreras, Kamala Harris, Tony Allen, Cardinal Wilton Gregory, Yolanda Adams, Lori Marie Key, Ron Klain, Klain, , Glenn Thrush, Janet Yellen’s, Ms, Kriston Jae Bethel, The New York Times Janet Yellen, Ron Wyden, Charles E, Grassley, Steven Mnuchin, Barr, William P, Al Drago, The New York Times William P, ” Mr, we’ve, Organizations: Trump, of Homeland Security, Defense, New York Times, Troops, New York Assembly, Joint Base, Senate, Congressional Republicans, The New York, Mr, Wednesday, Capitol, House, Pentagon, Republicans, Foreign Relations, The New York Times, State Department, Homeland Security, Governmental Affairs, Finance, Intelligence Committee, Lincoln, Park Police, Empire, Delaware State University, White, Union, Federal Reserve, Treasury, Oregon, Finance Committee, Biden, ITV, Justice Department, Associated Press Locations: Washington, Florida, Georgia, United States, New York, Seattle, Scranton, Pa, Wilmington, Del, “ State, , Iowa, China, Iran, British
New York (CNN Business) Goldman Sachs, one of the largest investment banks on Wall Street, reported results for the fourth quarter that easily topped analysts' expectations Tuesday morning. Goldman Sachs GS Shares ofrose 2% after the earnings report was released. Goldman Sachs reported quarterly revenue of $11.74 billion, up 18% from a year ago. The company posted net income of $4.5 billion, a 135% surge from the fourth quarter of 2019. The company reported record revenue from its investment banking unit, thanks to booming demand for initial public offerings and an increase in merger activity.
Persons: Goldman Sachs Organizations: CNN Business Locations: York, Wall
ET Covid-19 Live Updates: Pressed by Pandemic, SAT Dropping Essay Section and Subject Tests President-elect Joseph R. Biden Jr. will attend a virus memorial event on the eve of his inauguration, and his team said he would revoke a Trump order loosening travel restrictions before it takes effect. The SAT is dropping its essay section and subject matter tests to streamline during the pandemic. Credit... Ruth Fremson/The New York Times Across the United States, state education and district officials say the pandemic has intensified a longstanding teacher shortage to crisis levels. Nearly a third of nursing home workers in New York State have declined to be vaccinated. Credit... Suzanne Plunkett for The New York Times Britain’s theaters have been in financial crisis since the coronavirus pandemic forced them to shut last March.
Persons: Joseph R, Biden, Hilary Swift, Ruth Fremson, “ It’s, , Laura Penman, , Emma Garcia, Yuki Iwamura, Andrew M, Cuomo, Martin Luther King’s, ” Mr, ” Bryan Pietsch, Stacey Williams, Williams, Jose H, Garcia, Beto, Nelson Prentice Bowsher, Sherri Rasmussen, Pedro Ramirez, Shawna Rodriguez, Ramirez, Amy Harmon, Audra D, Burch, Thomas Fuller, Janet Yellen’s, Timothy F, Geithner, Henry M, Paulson Jr, Win Mcnamee, Janet L, Yellen, Biden Jr, George P, Shultz, James A, Baker III, Robert E, Rubin, Lawrence H, Summers, John W, Snow, Paulson, Jr, Jacob J, Lew, Steven Mnuchin, Angela Merkel, Lena Mucha, Baden –, ” Sönke Schulz, Kieler, noncompliance, , Denny Tamaki, Matt Hancock, Hancock, Nicola Sturgeon, Sturgeon, Christopher F, Schuetze, Jennifer Jett, Suzanne Plunkett, Britain’s, theatermakers, Jay Crutchley, ” Young, “ I’ve, I’ve, Crutchley, Alex Marshall Organizations: Pandemic, High School, The New York Times The College Board, College Board, New York Times, Eminence Community Schools, Economic, Institute, Associated, New York State, Gov, Workers, Tuskegee, Mr, Roma Police Department, Washington , D.C, , New York Times, Senate Finance, Department of, Treasury, Federal Reserve, Department, Global, The New York Times, Die Welt, Baden, Baden – Württemberg, Office, National Statistics, Reuters, Okinawa, NHK, Mount, Kyodo, National Health Service, Theaters, Birmingham Repertory Locations: Hollow, United States, Indiana, Washington, New York, Harlem, Long, Oakland, Calif, Covid, Florida, South Texas, Washington ,, South Bend, Ind, Roma , Texas, ,, Lancaster , Ohio, Puerto Rican, Macon , Ga, Berlin, States, Schleswig, Holstein, Brandenburg, Britain, England, Hong Kong, Ireland, Brazil, South Africa, New Zealand, Australia, Antarctica, Japan, Okinawa, Shizuoka prefecture, Mount Fuji, Birmingham, Wales
ET Yellen Pushes for Big Stimulus at Senate Hearing: Live Updates RIGHT NOW Cruise, G.M.’s autonomous driving unit, raises $2 billion from Microsoft and others. Video The former Federal Reserve chair Janet Yellen testifies at the Senate Finance Committee hearing on her nomination to be Treasury secretary. The former secretaries said that Ms. Yellen, a former Federal Reserve chair, was uniquely qualified for the job because of her experience and knowledge. An acting Treasury secretary is expected to fill the void at the Department between when Treasury Secretary Steven Mnuchin departs on Wednesday at noon and when Ms. Yellen is confirmed. Ms. Yellen, the former chair of the Federal Reserve, told senators at her confirmation hearing on Tuesday morning that the United States needed a robust fiscal stimulus package.
Persons: Janet Yellen’s, Janet Yellen, Kriston Jae Bethel, The New York Times Janet Yellen, Joseph R, Biden Jr, Yellen’s, Yellen, , Ron Wyden, Charles E, Grassley, Biden, Steven Mnuchin, Airfares, David Zalubowski, Jon Jager, Delta’s airfares, Timothy F, Geithner, Henry M, Paulson Jr, Win Mcnamee, Janet L, George P, Shultz, James A, Baker III, Robert E, Rubin, Lawrence H, Summers, John W, Snow, Paulson, Jr, Jacob J, Lew, Cruise, Paul Sancya, Dan Ammann, , Brian Moynihan, Gian Ehrenzeller, Goldman Sachs, JPMorgan Chase, Babe Ruth, Babe Ruth Home, Sultan, Andrew Lipsman, “ It’s, Mr, Lipsman, millennials, Ruth, Ty Cobb Organizations: Microsoft, Federal, Senate, Credit, The New York Times, Treasury, Senate Finance, Federal Reserve, Oregon, Finance, Finance Committee, Biden, Airline, Associated, Transportation, Transportation Security Administration, Delta Air Lines, United Airlines, American Airlines, Southwest Airlines, United, Department of, Department, General Motors, Associated Press Microsoft, Honda, G.M, ” Bank of, Bank of America, Citigroup, JPMorgan, Costco, “ Sports, Street Journal, Baseball, Dow, Wall, Democratic, White, Congress, West Texas, International Energy Agency Locations: Iowa, China, Iran, New York, Los Angeles, United States, Wall, pare, Swat, Europe, Asia, Brent, Saudi Arabia
The new, singular focus in Washington: restoring the pre-pandemic job market.
  + stars: | 2021-01-19 | by ( ) www.nytimes.com sentiment -0.99   time to read: 1 min
In the past, lawmakers tended to preach allegiance to full employment — the lowest jobless rate an economy can sustain without stoking high inflation or other instabilities — while pulling back fiscal and monetary support before hitting that target as they worried that a more patient approach would cause price spikes and other problems. That timidity appears less likely to rear its head this time around, reports The New York Times’s Jeanna Smialek. President-elect Joseph R. Biden is set to take office as Democrats control the House and Senate and at a time when many politicians have become less worried about the government taking on debt thanks to historically low borrowing costs. And the Federal Reserve, which has a track record of lifting interest rates as unemployment falls and as Congress spends more than it collects in taxes, has committed to greater patience this time around.
Persons: Smialek, Joseph R, Biden Organizations: Federal Reserve Locations: York
Two National Guard troops were pulled off the presidential inauguration security mission, the AP reported Tuesday. The Guard members were found to have ties to far-right militia groups, according to Army and intelligence officials. A National Guard Bureau spokesperson said that the Guard does not currently have information on the reported removal of the Guard troops but stressed that extremism in the ranks will not be tolerated. There are more than 21,500 National Guard troops currently deployed to Washington, DC in support of the presidential inauguration, the National Guard Bureau said in a statement Monday. A National Guard Bureau spokesperson told Insider that the Guard could not currently substantiate the AP report but added that the National Guard does "not tolerate extremism in its ranks."
Persons: Joe Biden's, Biden, Donald Trump, Mark Milley, Chris Miller, it's, Daniel R Organizations: National Guard, Guard, FBI, National Guard Bureau, Associated Press, Army, AP, National Guard personnel, Trump, Capitol, Air Force, Navy, Marine Corps, Virginia National Guard, Joint Chiefs, Staff, New York Times, Department of Defense Office, Department of Defense Locations: Washington ,
U.S. Says China’s Repression of Uighurs Is ‘Genocide’
  + stars: | 2021-01-19 | by ( Edward Wong | Chris Buckley | ) www.nytimes.com sentiment -0.91   time to read: +1 min
WASHINGTON — The State Department declared on Tuesday that the Chinese government is committing genocide and crimes against humanity through its wide-scale repression of Uighurs and other mostly Muslim ethnic minorities in its northwestern region of Xinjiang, including in its use of internment camps and forced sterilization, American officials said. The move is expected to be the Trump administration’s final action on China, made on its last full day, and is the culmination of a yearslong debate over how to punish what many consider Beijing’s worst human rights abuses in decades. Relations between the countries have deteriorated over the past four years, and the new finding adds to a long list of tension points. Foreign policy officials and experts across the political spectrum in the United States say China will be the greatest challenge for any administration for years or decades to come. The determination also prompts certain reviews within the State Department.
Persons: WASHINGTON, , Mike Pompeo, , Joseph R, Biden Organizations: The State Department, Trump, State Department, China Locations: Xinjiang, China, United States, Beijing
ET Live Updates: Ahead of Impeachment Trial, McConnell Says Capitol Assault Was ‘Provoked’ By Trump Senator Mitch McConnell said the mob that stormed the Capitol “was fed lies,” referring to attempts by President Trump to overturn the election based on bogus claims of voter fraud. “The mob was fed lies,” Mr. McConnell said, referring to attempts by Mr. Trump to overturn the election based on bogus claims of voter fraud. During his four years in office, Mr. Trump transformed much of the Republican Party in his image. Aides to Mr. Biden described his Wilmington remarks as a “send-off” moment ahead of the more formal inaugural events in Washington. In his ITV interview, Mr. Barr was unwilling to discuss any role that Mr. Trump might have played in the mob attack.
Persons: McConnell, Mitch McConnell, Trump, Trump’s, Doug Mills, New York Times McConnell, Erin Schaff, ” Mr, Mr, Joseph R, Biden, , McConnell’s, Chuck Schumer, Kamala Harris, Schumer, , Biden’s, President, Adriana Zehbrauskas, , Stephen Miller, Barack Obama, Obama, Lamar Alexander, Bob Corker, Jeff Flake, John McCain of, Kelly Ayotte, Jeffrey Chiesa, Orrin Hatch, Dean Heller of, Mark Kirk of Illinois, , Janet L, Yellen, Anna Moneymaker, — Lloyd J, Austin III, Antony J, Blinken, Janet Yellen, Alejandro N, Avril D, Haines, General Austin, Jim Mattis, John Kelly, Barack Obama’s, Bob Gates, Bush, David L, George W, recommit, Mayorkas, Jennifer Steinhauer, Lara Jakes, Zolan Kanno, Youngs, Alan Rappeport, Julian Barnes, Harris, Amtrak Joe ”, Biden’s hometowns, Cardinal Wilton Gregory, Yolanda Adams, Lori Marie Key, Todd Heisler, Joe Raedle, Oliver Contreras, Alice Johnson, Mark Holden, Johnson, Darrell Frazier, Darrell, Joe Johnson, Craig Cesal, Lavonne Roach, Roach, Chalana McFarland, Michael Pelletier, Ivanka Trump, Judd Deere, Christopher C, Miller, Ashli Babbitt, Lloyd J, Austin, General Austin’s, Eric Schmitt, Will, Mr . Biden, Don ”, It’s, Sheldon Silver, Lil Wayne, Bill Clinton’s, Hillary Clinton’s, Boris Johnson, Glenn Thrush, Janet Yellen’s, The New York Times Janet L, Ms, Ron Wyden, Charles E, Grassley, Yellen demurred, Avril Haines, The New York Times Avril D, QAnon, Martin Heinrich, Heinrich, Rachel Levine, Joe Hermitt, Levine, Dr, Brett P, Giroir, Admiral Giroir, Warnock, Jon Ossoff, Raphael Warnock, Ossoff, Brian Kemp of Georgia, Brad Raffensperger, Raffensperger, David Perdue, Kelly Loeffler, Kemp, Trump’s recalcitrance, Perdue, Barr, William P, Al Drago, The New York Times William P, we’ve, Monty Wilkinson, President Trump, Wilkinson, Jeff Sessions, Eric H, Holder Jr, Merrick Garland, Jason Andrew, Thomas Edward Caldwell, Caldwell Organizations: Capitol, Trump, National Guard, Credit, New York Times, The New York, Republican, Kentucky Republican, Democratic, Senate, Mr, President Trump . Credit, The New York Times, Central, Congress, Capitol Hill, Republicans, Utah, Republican Party, U.S . Chamber, Commerce, Secretary, Wednesday, House, Pentagon, Foreign Relations, State Department, Homeland Security, Governmental Affairs, Finance, Senate Intelligence, Department of Homeland Security, Amtrak, Service, Empire, Blair House, D.C, Koch Industries, Republican National Convention, Department’s Office, Trump White House, Joe Johnson Tennis Foundation, Washington Post, Lakota Sioux, Guard, U.S, Army, Secret Service, Air Force, . Defense Department, Coast Guard, Base Andrews, New York Assembly, Swing, Pew Research Center, Senate Finance, Treasury, Biden, ., Senate Intelligence Committee, Democratic Party, Hollywood, Homeland Security Department, Health, Human Services, Pennsylvania Emergency Management Agency, -, Associated Press, Department of Health, U.S . Senate, Georgia Democrats, Gov, ITV, Justice Department, President, Prosecutors, U.S . Capitol, Facebook, New Locations: , New York, Washington, United States, Tennessee, John McCain of Arizona, New Hampshire, Jeffrey Chiesa of New Jersey, Dean Heller of Nevada, Mexico, U.S, Georgia, Wilmington, Del, Washington and Delaware, Seattle, Scranton, Pa, Pennsylvania, Chattanooga , Tenn, Chicago, Florida, Lakota, Texas, North Carolina, New Jersey, Germany, Maryland, Russia, Brazil, China, Trump, Britain, France, Oregon, Iowa, New Mexico, Harrisburg, Atlanta, British, Clarke County, Virginia, , Ohio
ET Covid-19 Live Updates: U.S. Surpasses 400,000 Deaths President-elect Joseph R. Biden Jr. will attend a virus memorial event on the eve of his inauguration, and his team said he would revoke a Trump order loosening travel restrictions before it takes effect. and its widespread availability for low-income students and students of color” made the subject tests no longer necessary. Rwanda has reported 11,259 coronavirus cases and 146 deaths so far, and the rate of positive test results has risen sharply since mid-November, reaching 7.7 percent on Tuesday. Credit... Suzanne Plunkett for The New York Times Britain’s theaters have been in financial crisis since the coronavirus pandemic forced them to shut last March. People wait in line to receive the Sputnik V coronavirus vaccine at the State Department Store GUM in Moscow.
Persons: Joseph R, Biden, Hilary Swift, ” Jon Boeckenstedt, ” Mr, Boeckenstedt, , , David Coleman, Ruth Fremson, “ It’s, Laura Penman, Emma Garcia, Yuki Iwamura, Andrew M, Cuomo, Gareth Rhodes, Martin Luther King’s, ” Bryan Pietsch, Stacey Williams, Williams, Jose H, Garcia, Beto, Nelson Prentice Bowsher, Sherri Rasmussen, Pedro Ramirez, Shawna Rodriguez, Ramirez, Amy Harmon, Audra D, Burch, Thomas Fuller, Janet Yellen’s, Timothy F, Geithner, Henry M, Paulson Jr, Win Mcnamee, Janet L, Yellen, Biden Jr, George P, Shultz, James A, Baker III, Robert E, Rubin, Lawrence H, Summers, John W, Snow, Paulson, Jr, Jacob J, Lew, Steven Mnuchin, Angela Merkel, Lena Mucha, Baden –, ” Sönke Schulz, Kieler, noncompliance, , Denny Tamaki, Matt Hancock, Hancock, Nicola Sturgeon, Sturgeon, Christopher F, Schuetze, Jennifer Jett, Anna Schaverien, Suzanne Plunkett, Britain’s, theatermakers, Jay Crutchley, ” Young, “ I’ve, I’ve, Crutchley, Alex Marshall, , , Sergey Ponomarev, Dmitri Morozov, Morozov, Radi Khabirov, Vladimir V, Dmitri S, Peskov, James T, Suchat Pederson, ’ ”, Domingo Ramirez, Andres Azner, I’m, Lauren Brinkley, Rubinstein, Brant Addison, Addison, Skylar Mack, Mack, Vanjae Ramgeet, Ramgeet, Mack’s Organizations: High School, The New York Times The College Board, College Board, ACT, Oregon State University, Board, , New York Times, Eminence Community Schools, Economic, Institute, Associated, New York State, Gov, Workers, Tuskegee, Mr, Roma Police Department, Washington , D.C, , New York Times, Senate Finance, Department of, Treasury, Federal Reserve, Department, Global, The New York Times, Die Welt, Baden, Baden – Württemberg, Office, National Statistics, Reuters, Okinawa, NHK, Mount, Kyodo, National Health Service, Birmingham Repertory, State Department, European Union, Vaughn Correctional, Associated Press, Prisons, University of North Carolina School of Medicine, Wake Correctional Center, ABC, Mercer University, Jet Locations: Hollow, United States, A.P, Indiana, Washington, New York, Harlem, Long, Oakland, Calif, Covid, Florida, South Texas, Washington ,, South Bend, Ind, Roma , Texas, ,, Lancaster , Ohio, Puerto Rican, Macon , Ga, Berlin, States, Schleswig, Holstein, Brandenburg, Rwanda, Kigali, Britain, England, Hong Kong, Ireland, Brazil, South Africa, New Zealand, Australia, Antarctica, Japan, Okinawa, Shizuoka prefecture, Mount Fuji, Birmingham, Wales, Russia, Moscow, Russian, Soviet, Delaware, Smyrna, Del . Credit, Billerica , Mass, Pennsylvania, North Carolina, Kansas, American, Georgia, Cayman Islands, British
Court Voids a ‘Tortured’ Trump Climate Rollback
  + stars: | 2021-01-19 | by ( Lisa Friedman | ) www.nytimes.com sentiment -1.00   time to read: +1 min
WASHINGTON — A federal appeals court on Tuesday struck down the Trump administration’s plan to relax restrictions on greenhouse gas emissions from power plants, paving the way for President-elect Joseph R. Biden Jr. to enact new and stronger restrictions on power plants. The United States Court of Appeals for the District of Columbia called the Trump administration’s Affordable Clean Energy rule a “fundamental misconstruction” of the nation’s environmental laws, devised through a “tortured series of misreadings” of legal statute. The appeals court did not reinstate a 2015 regulation that President Barack Obama’s E.P.A. had enacted, which would have forced utilities to move away from coal and toward renewable energy to reduce emissions. But it rejected the Trump administration’s attempt to repeal and replace that rule with a toothless one.
Persons: WASHINGTON, Joseph R, Biden, Trump, , Barack Obama’s E.P.A Organizations: Trump, United States, Appeals, District of Columbia
New York (CNN Business) Stocks have gained about 13% since Election Day as of Tuesday, a day before Joe Biden's inauguration -- marking the the best post-election market performance for a new president since JFK, according to CFRA Research. The S&P 500 rose 8.8% from late 1960 to early 1961 after John F. Kennedy defeated Richard Nixon. The market continued to rally during JFK's first 100 days in office, rising another 8.9%. The current Biden market surge represents the second time in a row that Wall Street has cheered a new president: Stocks gained more than 6% in the election to inauguration period after President Donald Trump beat Hillary Clinton in 2016. The market gained 5% during Trump's first 100 days as well.
Persons: Stocks, Joe Biden's, John F, Kennedy, Richard Nixon, Donald Trump, Hillary Clinton, Trump, Biden Organizations: CNN, Research, Biden, Trump's Locations: York
President-elect Biden was overcome with emotion Tuesday during his farewell address from Delaware. Biden paid tribute to his late son, Beau, who died from brain cancer in 2015. Before he headed down to the nation's capital ahead of his inauguration, President-elect Joe Biden bid farewell to his home state of Delaware in an emotional speech on Tuesday. Biden spoke from the Major Joseph R. "Beau" Biden III National Guard/Reserve Center in New Castle, Delaware, quoting James Joyce to illustrate his love for the state. Biden also honored his late son, Beau.
Persons: Biden, Beau, he's, Joe Biden, Joseph R, James Joyce, — Zach Purser Brown Organizations: Biden III National Guard / Reserve Locations: Delaware, New Castle , Delaware, Dublin
The Daily’s Audio Guide to the Inauguration
  + stars: | 2021-01-19 | by ( Lauren Jackson | ) www.nytimes.com + 1.00   time to read: 1 min
On Wednesday, Joseph R. Biden Jr. will be sworn in as the 46th president of the United States. To prepare for the occasion, we’ve created a playlist of our best audio journalism answering your questions about America’s next president, his past, his policy agenda — and how he plans to govern a nation racked by public health, political and economic crises. Listen and subscribe to The Daily: Apple Podcasts | Spotify | StitcherHow the nation is feeling ahead of this inauguration
Persons: Joseph R, Biden, we’ve, America’s Organizations: Spotify Locations: United States
Loans Were Approved Last Week: Live Updates RIGHT NOW Republicans foreshadow arguments against Biden’s economic agenda as Janet Yellen testifies. S&P 500 - % Dow - % Nasdaq - %Small-business relief loans start flowing again, with $5 billion worth approved in the first week. In the program’s first week, the agency approved around 60,000 applications from nearly 3,000 lenders, the it said on Tuesday. Ms. Yellen rebutted their arguments point by point, making the case that doing too little to stimulate the economy would be more costly in the long run. Ms. Yellen did offer some assurances to Republicans who are fearful that Democrats will repeal the entire 2017 tax law, which slashed taxes for individuals and corporations.
Persons: Janet Yellen, John Asbury, Asbury, that’s, , “ We’re, Mike Lindell, Trump, Al Drago, Kohl’s, Lindell, President Trump, MyPillow, Mr, , Anna Moneymaker, Joseph R, Biden, Janet L, Yellen, Patrick J, Toomey, Biden’s, Tim Scott, Bill Cassidy, Janet Yellen’s, Timothy F, Geithner, Henry M, Paulson Jr, Win Mcnamee, Biden Jr, George P, Shultz, James A, Baker III, Robert E, Rubin, Lawrence H, Summers, John W, Snow, Paulson, Jr, Jacob J, Lew, Steven Mnuchin, Cheri Bustos, Bustos, David Zalubowski, Jon Jager, Delta’s airfares, Ella Koeze, Stocks, Joseph Simons, Simons, , “ It’s, Rohit Chopra, Chopra, Carlos Tavares, Michel Euler, Tavares, , ” Mr, Stellantis, Maserati, Ram Trucks, Tavares’s, Babe Ruth, Babe Ruth Home, Sultan, Andrew Lipsman, Lipsman, millennials, Ruth, Ty Cobb, Cruise, Paul Sancya, Dan Ammann Organizations: Dow, Small Business Administration, Atlantic Union Bank, Treasury Department, Trump, ., The New York Times Bed, Side Broadcasting Network, , Fox News, Sleeping Giants, Breitbart News, Bed, Senate, The New York Times Republicans, Republicans, House, Republican, Mr, Senate Finance, Department of, Treasury, Federal Reserve, Department, House Television, Associated Press, Cheri Bustos of Illinois, Democrat, City Times, White, Electoral College, CNN, Airline, Associated, Transportation, Transportation Security Administration, Delta Air Lines, United Airlines, American Airlines, Southwest Airlines, United, American, Wall, West Texas, International Energy Agency, Federal Trade Commission, Big Tech, The New York, Facebook, Democratic, Consumer Financial, Fiat Chrysler, Peugeot, PSA, Union, Vauxhall, Opel, Fiat, Chrysler, Jeep, Toyota, Volkswagen, Renault, Nissan, Mitsubishi, Labor, New York Stock Exchange, U.S, Federal Housing Finance Agency, Costco, “ Sports, Street Journal, Baseball, Microsoft, General Motors, Associated Press Microsoft, Honda, G.M Locations: P.P.P, Richmond , Va, Pennsylvania, South Carolina, Louisiana, United States, Illinois, Cheri Bustos of, City Times of Illinois, Iowa, New York, Los Angeles, Europe, Asia, Brent, Saudi Arabia, Brazil, Britain, Ellesmere Port, China, Netherlands, France, Italy, Swat
WASHINGTON — President-elect Joseph R. Biden Jr. will propose far-reaching legislation on Wednesday to give the 11 million undocumented immigrants living in the United States a chance to become citizens in as little as eight years, part of an ambitious and politically perilous attempt to undo the effects of President Trump’s four-year assault on immigration. The legislation would also restore and expand programs for refugees and asylum seekers after efforts by Mr. Trump and Stephen Miller, the White House aide who was the architect of the president’s immigration agenda, to effectively prevent entry into the United States for those seeking shelter from poverty, violence and war. Mr. Biden’s bill would provide new funding for foreign aid for Central American countries, increase opportunities for foreigners to work in the United States and enhance security at the border through new technologies instead of through the border wall Mr. Trump tried to build. Mr. Biden’s proposal is the latest effort in a decades-long attempt to reimagine the nation’s immigration system by presidents from both parties, including George W. Bush and Barack Obama. As the Biden era opens, advocates for immigrants and anti-immigrant restrictionists alike are already bracing for the fight.
Persons: Joseph R, Biden, Trump’s, , Biden’s, Trump, Stephen Miller, George W, Bush, Barack Obama Organizations: WASHINGTON, Mr, House, Central Locations: United States
That’s what it taught me: There’s always light.”Paraphrasing James Joyce, who once said, “When I die, Dublin will be written on my heart,” Mr. Biden paused to compose himself and his voice trembled. Referring to Beau Biden, he added: “I only have one regret, that he’s not here. After months of trying to overturn the results of the democratic election, Mr. Trump has scorned the traditional transition of power, refusing to invite Mr. Biden for the usual postelection visit to the White House and refusing to attend Wednesday’s inaugural ceremony. But he did offer well wishes to his successor in his farewell video on Tuesday without actually using Mr. Biden’s name. “This week, we inaugurate a new administration and pray for its success in keeping America safe and prosperous,” Mr. Trump said.
Persons: “ It’s, Joseph R, “ Beau ”, , James Joyce, Mr, Biden, , Beau Biden, he’s, Amtrak Joe ” —, Trump, Bill Clinton, George W, Bush, Barack Obama, Biden’s Organizations: “ Beau ” Biden III National Guard / Reserve, Amtrak, Mr, Capitol, Electoral, White House, White Locations: Washington, New, Del, Iraq, Dublin, Delaware, America
Yellen Outlines Economic Priorities, and Republicans Draw Battle Lines
  + stars: | 2021-01-19 | by ( Alan Rappeport | ) www.nytimes.com sentiment -0.98   time to read: +1 min
Ms. Yellen made her comments at her confirmation hearing before the Senate Finance Committee. A former Federal Reserve chair, she enjoys bipartisan support and is expected to win confirmation. With Democrats holding a slim majority in the House and narrowly controlling the Senate, Mr. Biden may need the support of Republicans to get some of his priorities through Congress. “We’re looking at another spending blowout,” said Senator Patrick J. Toomey, Republican of Pennsylvania. “The only organizing principle I can understand, it seems, is to spend as much money as possible, seemingly for the sake of spending it.”
Persons: WASHINGTON, Janet L, Yellen, Joseph R, Biden, , Biden’s, , Patrick J, Toomey Organizations: Senate Finance, Federal Reserve, Senate, Mr Locations: U.S, Pennsylvania
Democrats, Assuming Power, Face Recalcitrant Republicans
  + stars: | 2021-01-19 | by ( Carl Hulse | ) www.nytimes.com sentiment -0.99   time to read: +1 min
WASHINGTON — Democrats will take control of both the White House and Congress on Wednesday for the first time in a decade, but they have already discovered the difficulties of governing with so little room to maneuver around Republicans who appear in no mood to cooperate. And Senator Chuck Schumer, the New York Democrat who is set to become majority leader, found himself in difficult negotiations with Senator Mitch McConnell, the Kentucky Republican and incoming minority leader, over plans for running an evenly split Senate. However it is eventually structured, the trial is certain to sap time, energy and momentum from the opening days of the new Democratic era in Washington. “It does put a wrinkle in the road,” conceded Christopher J. Dodd, a former Democratic senator from Connecticut and a close adviser to Mr. Biden. “I know Joe is disappointed that it will take some time.
Persons: Joseph R, Biden, Chuck Schumer, Mitch McConnell, Trump, , Christopher J, Dodd, Mr, , Joe Organizations: WASHINGTON, White House, Republican, New York Democrat, Kentucky Republican, Democratic Locations: Washington, Connecticut
Opinion | Feeling Hopeful as Biden Takes Office
  + stars: | 2021-01-19 | by ( ) www.nytimes.com + 1.00   time to read: +1 min
To the Editor:On Wednesday Joseph R. Biden Jr. will be sworn in as our 46th president. Imagine news conferences based on facts, addresses to the nation meant to promote harmony and unity, a world awaiting renewed outreach and cooperation, all leading to a better tomorrow. I no longer fear the future. I welcome it, revel in its promises and believe in its dreams. In the process he divided our country, our families and our friendships, but hopefully not forever.
Persons: Joseph R, Biden, revel, Doris Fenig Boca, , Donald Trump’s, Barack Obama Locations: Doris Fenig Boca Raton, Fla
Watch: Highlights from past presidential inauguration speeches
  + stars: | 2021-01-19 | by ( Nbc News | ) www.nbcnews.com + 0.00   time to read: +7 min
However, for the first time, the outgoing president, Donald Trump, will not handoff the black leather case to the incoming president. Share this -Washington hotels weigh inauguration profits against safety It used to be that the inauguration was a cash cow for the Washington hotel industry. Ralph Northam and Washington Mayor Muriel Bowser all asked visitors not to travel to the nation's capital for the 59th presidential inauguration. Share this -Biden and Harris attend Covid-19 memorial ahead of inauguration President-elect Joe Biden and Vice President-elect Kamala Harris attended a memorial to Covid-19 victims ahead of the inauguration. Evan Vucci / AP Share this -Biden arrives at Blair House President-elect Joe Biden arrived for the traditional stay at Blair House in Washington ahead of the inauguration.
Persons: Joe Biden, satchel, Donald Trump, Trump, Biden, hasn’t, GOP Sen, Richard Burr, Burr, Alice Fisher, Burr’s, Larry Hogan, Ralph Northam, Muriel Bowser, Angela Franco, Donald J, Harris, Kamala Harris, Cardinal Wilton Gregory, Grace, Lori Marie Key, Yolanda Adams, — Shannon Pettypiece, Jill Biden, Doug Emhoff, Evan Vucci, Blair, Jan, McConnell, Mitch McConnell Organizations: Trump, Smithsonian Magazine, DOJ, GOP, Department, Sen, Intelligence, Department of Justice, U.S . Capitol, Maryland Gov, of Commerce, YouTube, Google, Biden, Blair, Blair House, State Department, White, NBC News Locations: Florida, R, North Carolinians, United States, Washington, Virginia, U.S, Michigan
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