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Milei has said he will cut all subsidies, but admitted it would have to be done slowly. He admitted hiking energy bills was tough medicine in a society already hurting, but argued it needed to be done. "If you increase energy prices today, there is an inflationary peak and it's over. Conservative leader Mauricio Macri (2015-19) cut energy subsidies back. "I don't think Milei will eliminate all subsidies," she said, adding she would likely vote for him for a "change".
Persons: Marcos Brindicci, Sergio Massa, Javier Milei, Milei, Massa, Emilio Apud, Daniel Dreizzen, Peronist Massa, Mauricio Macri, Vaca Muerta, Aleph's, Raquel Ramírez, Eliana Raszewski, Adam Jourdan, Marguerita Choy Organizations: REUTERS, International Monetary Fund, Aleph Energy, Reuters Graphics, Peronist, IMF, Conservative, Reuters, Massa, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, China, America
The letters were just the latest worrisome disruption for election workers in Seattle and across the country who have been besieged by threats, harassment and intimidation since the 2020 presidential election. Fulton County has been the target of conspiracy theories since the 2020 election, and its election workers have been harassed and threatened over false claims that they were stuffing ballots to aid Democrats. In Pennsylvania, officials estimate 40 of the state’s 67 county election offices have new directors or deputy directors since 2020. In North Carolina, where Republican lawmakers recently moved to gain more control of state and local election boards, roughly a third of 100 county election directors have left since the 2020 election. About 1 in 5 election workers knows someone who left their election job for safety reasons, and about 70% of local election officials said harassment has increased, according to a Brennan Center survey.
Persons: “ There’s, , Julie Wise, we’re, , Brad Raffensperger, ” Raffensperger, , Barb Byrum, ” Byrum, Kim Wyman, ” Wyman, Liz Howard, Wise, Ed Komenda, Manuel Valdes, Jeff Amy, Lindsay Whitehurst Organizations: ATLANTA, FBI, U.S . Postal, Service, Authorities, Georgia, Republican, Justice Department, Brennan, Associated Press Locations: King County , Washington, Washington, Seattle, King, Georgia, Nevada , California, Oregon, Atlanta’s Fulton County, Fulton County, Ingham County , Michigan, Pennsylvania, Nevada, Arizona, North Carolina, Virginia, Tacoma , Washington, Atlanta
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe marketplace for ideas isn't just where the loudest voice wins, says fmr. SEC chair Jay ClaytonFormer SEC Chair Jay Clayton joins 'Squawk Box' to discuss the rise of antisemitism on college campuses, why American universities still lack a clear strategy, and more.
Persons: isn't, fmr, Jay Clayton Organizations: SEC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFTX fraud trial is metaphorical in a sense 'for all of crypto', says former SEC official John StarkJohn Stark, former SEC internet enforcement chief and John Reed Stark Consulting president, joins 'Squawk box' to break down the guilty verdict in the criminal fraud trial of FTX founder Sam Bankman-Fried, what it means for cryptocurrency at large, and more.
Persons: John Stark John Stark, John Reed Stark, Sam Bankman Organizations: SEC, John Reed Stark Consulting
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. SEC Chair Jay Clayton: SBF trial is 'one of the largest campaign finance problems in history'Former SEC Chair Jay Clayton joins 'Squawk Box' to discuss the guilty verdict in the criminal fraud trial of FTX founder Sam Bankman-Fried, where the case goes from here, and more.
Persons: Jay Clayton, Sam Bankman Organizations: SEC
Inter Miami announced Wednesday that its planned trip to China for a pair of exhibition matches has been called off. Political Cartoons View All 1227 Images“The tour promoter, NSN, has informed Inter Miami CF of the cancellation of its China Tour due to unforeseen circumstances in China,” read Inter Miami's statement. Messi returned to the U.S. early Tuesday after winning the Ballon d'Or and was with Inter Miami for a training session that morning. He remains under contract to Inter Miami for the 2024 and 2025 MLS seasons, making between $50 million and $60 million annually. He and Inter Miami co-owner David Beckham have enormous followings in Asia, along with several endorsement deals in the region.
Persons: — Lionel Messi, Messi, Ballon, , Li Keqiang, , , NSN, Messi's ballyhooed, — hasn’t, David Beckham Organizations: Inter Miami, Argentina, TyC, Inter Miami CF, “ Inter, Inter Miami's, Major League Soccer, , Australia, Olympic, Beijing Games Locations: FORT LAUDERDALE, Fla, China, Argentina, U.S, Beijing, Asia
Youth unemployment in China hit a record high of 21% in May. It's a problem not only for China's economy — it could hurt the US, as well. China's economy is on shaky ground as it emerges from very strict lockdown pandemic measures. That's compared to the US youth unemployment rate of 7.4% in May. "The stakes are high for correcting these imbalances, given how important the youth population is to China's economy," the note said.
Persons: There's, , China —, it's, China's, China — Benn Steil, Steil, Victoria University of Wellington Christian Yao, Alfred Wu, National University of Singapore's Lee, Wu, Goldman Sachs, they're, it'll Organizations: Service, Trade, National Bureau of Statistics, Weibo, China, Council, Foreign Relations, Victoria University of Wellington, China Macroeconomy, New York Times, National University of Singapore's, National University of Singapore's Lee Kuan Yew, of Public, NBC News Locations: China, decouple, Japan, United States
Legal experts have sparred over whether the constitutional clause applies to Trump, and even those who say it’s a legitimate challenge acknowledge that it’s a long shot. Undoubtedly, the proceedings will explore in depth whether the Jan. 6 riot was indeed an insurrection and the degree to which Trump fomented it. Trump took an oath as president pursuant to Article II, not as an officer pursuant to Article VI. Because the Insurrection Clause applies only to those who have taken an oath ‘as an officer of the United States,’ he can’t be barred by that clause from serving in any capacity,” Mukasey wrote. The losing side can – and is widely expected to – challenge the ruling at the Colorado Supreme Court and the U.S. Supreme Court.
Persons: Donald Trump, Trump, , ” Mario Nicolais, , Scott Gessler, He’s, Jack Smith, Fani Willis, William Baude, Michael Paulsen, Baude, Paulsen, Michael Mukasey, , ” Mukasey, John Roberts, Mr Organizations: Capitol, Citizens, GOP, Republican Party, Arizona Trump, Constitution, D.C, Trump, University of Pennsylvania, Street Journal, United, Colorado Supreme Court, U.S, Supreme Locations: United States, Colorado, Minnesota, Denver, Washington, Michigan , New Hampshire , New Jersey, Arizona, U.S, Georgia’s Fulton County
Writing in the Financial Times, former US diplomat Richard Haas urged Israel to rethink its Gaza war. Haas said Israel has the right to attack Hamas but destroying the group is "unlikely to prove doable." AdvertisementAdvertisementA former diplomat who served in the Bush administration and as president of the Council on Foreign Relations has joined a chorus of elite voices urging Israel against launching a full-scale ground invasion of the Gaza Strip. The Israeli government has repeatedly said a ground invasion is only a matter of time. AdvertisementAdvertisementA full-on ground war, Haas wrote, would "generate significant civilian casualties" and "allow Hamas to scapegoat Israel for its own shortcomings."
Persons: Richard Haas, Israel, Haas, Bush, , Colin Powell, cautioning, Hass Organizations: Financial Times, Service, Foreign Relations, Washington Post Locations: Gaza, Iraq, United States, Northern Ireland, Israel, cautioning Israel, Saudi Arabia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. SEC Chair Jay Clayton on SBF trial: This is the way our judicial system should workFormer SEC chairman Jay Clayton joins 'Squawk Box' to discuss the criminal fraud trial of Sam Bankman-Fried, what to make of his testimony on the witness stand, state of bitcoin ETF, and more.
Persons: Jay Clayton, Sam Bankman Organizations: SEC Locations: bitcoin
New York CNN —FTX founder and former CEO Sam Bankman-Fried has made a career out of risky bets that, for a while, paid off. Typically, defense attorneys advise their clients not to testify because it leaves them vulnerable to grilling by the prosecution. But at this point, Bankman-Fried doesn’t have much of a choice, legal experts say. Before his world came undone last year, Bankman-Fried was a rising star, even outside the insular world of crypto. It nonetheless helped to propel his star power and secure a $32 billion valuation for FTX.
Persons: New York CNN —, Sam Bankman, Fried, , Howard Fischer, Moses Singer, , ” Fischer, Cory Booker, Caroline Ellison, Mary, Organizations: New, New York CNN, Prosecutors, SEC Locations: New York
Anita A. Summers, an economist at the Wharton School of the University of Pennsylvania who injected quantitative rigor into a wide variety of public policy topics, including zoning, education and tax incentives, died on Sunday at her home in Gladwyne, Pa. She was 98. Her son Lawrence H. Summers, the economist and former secretary of the Treasury, confirmed the death. Though she spent much of her career in academia, Mrs. Summers was far from a hidebound intellectual. She was the founding chairwoman of Wharton’s public policy and management department, the first of its kind at a business school. (It is now called the department of business economics and public policy.)
Persons: Anita, Summers, Lawrence H Organizations: Wharton School, University of Pennsylvania, Treasury, Wharton, Federal Reserve Bank of Philadelphia Locations: Gladwyne, Pa
She has served at the National Security Council, at the State Department as a negotiator for the Bosnia Peace Accords, and as Deputy US Trade Representative. A similarly firm hand — and robust US leadership — will also be necessary for any peace deal to be forged in the Middle East. Similarly, Hamas’ current leadership would certainly not be welcome at the table should Mideast peace talks resume. That should compel them to help increase isolation of Hamas as well as play an active and useful role in future peace talks. With the key players thinking strategically and acting tactically — as eventually happened in Bosnia — peace in the Middle East may have a chance.
Persons: Miriam Sapiro, Miriam Sapiro Sard, Biden’s, Bosnians, , , Madeleine Albright, Israel, Benjamin Netanyahu’s Organizations: Center for Strategic, International Studies, National Security Council, State Department, Accords, US Trade Representative, CNN CNN, Hamas, US, UN, Bosnian, Bosnian Serbs, , Belgrade, West Bank, Bosnia Contact, EU, United Arab, CNN, Twitter, Palestinian, European Union, Bank, Authority Locations: Bosnia, Israel, Balkans, Yugoslavia, Bosnian, Washington, Dayton , Ohio, — Serbia, Croatia, Dayton, Gaza, Saudi Arabia, United States, Egypt, Jordan, United Arab Emirates, Bahrain, Qatar, America, Iran, Oslo Accords, Ramallah
Mitt Romney in McKay Coppins' new book spoke about the 2016 dinner photo with Trump that went viral. Romney was under consideration to be secretary of state at the time, and met with Trump to discuss world affairs. "It had nothing to do with Donald Trump," Romney remarked to Coppins. Later that evening, Romney told members of the press that he had a "wonderful evening" with Trump and said their talks regarding global affairs had been "interesting and engaging." Trump then told Romney that he needed to come out forcefully in support of him to quell detractors.
Persons: Mitt Romney, McKay Coppins, Trump, Romney, , Donald Trump —, Jean, Georges, Hillary Clinton, Donald Trump, Coppins, Rudy Giuliani —, Rex Tillerson, Tillerson, Mike Pompeo, Pompeo Organizations: Trump, Service, Trump International, Photographers, Trump's, New York City Locations: Central, New York City, New York, Utah, Kansas
HONG KONG (AP) — Hong Kong’s leader on Wednesday cut taxes for some homebuyers and stock traders to boost markets as the city seeks to maintain its reputation as a global financial hub. Official data showed that a 15% year-on-year drop in home prices last December, and a 39% yearly decline in the volume of residential property transactions in 2022. A former security chief handpicked by Beijing to lead Hong Kong, Lee also is aiming to enact the city's own security law next year. But the city's constitution requires Hong Kong, a semi-autonomous territory, to enact its own laws for acts such as treason, secession and subversion. “External forces continue to meddle in Hong Kong affairs,” Lee said, without elaborating.
Persons: Hong, John Lee, Lee, ” Lee Organizations: British Locations: HONG KONG, China, Hong Kong, Beijing
The news that former White House chief of staff Mark Meadows is cooperating should concern Trump. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementThus far, most of the investigations into Trump, especially his efforts to overturn the 2020 election, have relied on lower-ranking aides. Willis previously issued a sweeping indictment against Trump and his allies for trying to overturn Georgia's 2020 presidential election results. There's also the original Trump flipper, his former fixer Michael Cohen, who testified in Trump's civil fraud trial on Tuesday.
Persons: Donald Trump, Mark Meadows, Trump, , Donald Trump's, Jack Smith's, Mark Bederow, it's, Cassidy Hutchinson, Meadows, Brad Raffensperger, Bederow, Mike Pence, Pence, MAGA expats, Jenna Ellis, Sidney Powell, Kenneth Chesebro —, Fani Willis, Willis, Georgia's, Ellis, Rudy Giuliani, Giuliani, There's, Michael Cohen, Cohen, spiller Organizations: White House, Service, Trump . ABC News, Bloomberg, Trump, Republican, Georgia, Capitol, New York Locations: Manhattan, Meadows, Washington, DC, Fulton County
Interim House Speaker Patrick McHenry of North Carolina said he wants the nominee to face a House vote as soon as Tuesday. His failure came after the party's original nominee, House Majority Leader Steve Scalise of Louisiana, bowed out of the race because he could not secure enough GOP votes. Meuser said Monday whoever wins the nomination needs to ensure that speaker's office is inclusive so the narrow GOP majority remains unified. The Pennsylvania Republican told Fox Business that Republicans' failure to elect a speaker has made the party "part of the dysfunction of Washington." US House Of Representatives | via ReutersRep. Gary Palmer is chairman of the House Republicans' policy committee.
Persons: Tom Emmer, Amanda Andrade, Jim Jordan's, Joe Biden, Patrick McHenry of, Jordan, Steve Scalise, Scalise, Hakeem Jeffries, Austin Scott of, Joe Biden's, Donald Trump's, Nathan Howard, Kevin McCarthy of California, McCarthy, Emmer, Austin Scott, Jim Jordan, Kevin Lamarque, Scott, Austin, he's, Jack Bergman, Bergman, Byron Donalds, Donalds, Jon Cherry, Kevin Hern, Evelyn Hockstein, Kevin Hern of, Hern, Mike Johnson, Patrick Semansky, Johnson, Dan Meuser, Alexander Drago, Meuser, Gary Palmer of, Gary Palmer, Palmer, Pete Sessions, Texas Eric Thayer Organizations: Sports, Capitol, Rhoades, Reuters, Ohio Rep, House Republicans, GOP, Interim, Republicans, Democrats, Republican, Minnesota U.S, Getty, NBC News, Minnesota Republican, Austin Scott of Georgia U.S . Rep, U.S . House, Representatives, Reuters Rep, Ohio Republican, Georgia Republican, Michigan Rep, Marine Corps, Washington, Michigan Republican, Florida U.S . Rep, U.S, Caucus, Florida Republican, Oklahoma Rep, Fox News, Oklahoma Republican, Louisiana Rep, House Republican Conference, AP, Louisiana Republican, Marriott, Navy, Pennsylvania Republican, Fox Business, Gary Palmer of Alabama Republican U.S . Rep, Alabama Republican, Pete Sessions of Texas Rep, Bloomberg Locations: Washington, Israel, Ukraine, Patrick McHenry of North Carolina, Louisiana, lockstep, New York, Minnesota, Austin Scott of Georgia, Arizona, Pennsylvania, Washington , DC, Florida, Kevin Hern of Oklahoma, America, Gary Palmer of Alabama, Texas
In January, Tesla disclosed that the Justice Department had requested documents related to its Autopilot and “Full Self-Driving” features. Both features are classified as driver-assist systems, and the company says on its website that the vehicles cannot drive themselves. For the first time, Tesla said in its filing that the investigations could damage the company's brand. Disclosing that vehicle range is under scrutiny “also reflects a concern about the company's representations about vehicle features,” said Frenkel, now a partner with Dickinson Wright in Washington. It's unclear if Tesla merely considered subpoenas as requests for information in prior quarterly disclosures, Frenkel said.
Persons: Tesla, Elon Musk, , Erik Gordon, Gordon, Jacob Frenkel, , Frenkel, Dickinson Wright, ” Frenkel, Musk Organizations: DETROIT, , Securities and Exchange Commission, Department of Justice, Justice Department, University of Michigan, DOJ, SEC, U.S . National, Traffic Safety Administration, NHTSA, Auto, Transportation Safety Locations: Austin , Texas, Washington, Austin, Florida, California
Argentina Heads to the Polls in Grip of Fierce Economic Crisis
  + stars: | 2023-10-22 | by ( Oct. | At A.M. | ) www.usnews.com   time to read: +3 min
Milei, pledging to "chainsaw" the economic and political status quo, is the candidate to beat, with angry voters flocking to his tear-it-all-down message, fed up with inflation at 138% and poverty affecting over two-fifths of the population. Amid this crisis Milei has risen abruptly, pledging shock therapy to fix the economy including dollarizing, shutting the central bank, slashing the size of government drastically and privatizing state entities. Massa, current economy chief, remains in the running despite overseeing inflation hitting triple digits for the first time since 1991. He is pledging to cut the fiscal deficit, stick with the peso and defend the Peronist social welfare safety net. Pollsters see her as the most likely of the top three runners to miss out on a second round.
Persons: Argentina's, Javier Milei, Sergio Massa, Patricia Bullrich, Milei, Federico Aurelio, Donald Trump, Jair Bolsonaro, Massa, Bullrich, Nicolas Mercado, Flavia Vázquez, Pollsters, Nicolas Misculin, Adam Jourdan, Chizu Organizations: Reuters, American, Peronist Economy, International Monetary Fund Locations: Misculin BUENOS AIRES, China, Brazil, Buenos Aires
Argentines were going to the polls Sunday, as frustrated voters weigh handing the presidency to an anti-establishment, right-wing populist who has shaken up the political system and pledges to drastically overhaul the state. "Argentina is in for a wild ride," Benjamin Gedan, director of the Latin America program at the Washington-based Wilson Center, said. Whatever the results, Milei has already inserted himself and his libertarian party into a political structure dominated by a center-left and a center-right coalition for almost two decades. Argentines were also buying dollars and removing hard currency deposits from banks as the peso accelerated its already steady depreciation. That message resonated among many Argentines who watched their economic prospects wither under successive administrations in which both Massa and Bullrich served.
Persons: Javier Milei, Donald Trump, Benjamin Gedan, Milei, Patricia Bullrich, Sergio Massa, Massa, Bullrich, Ignacio Cardozo, Cristian Ariel Jacobsen, Jair, Eduardo, Tucker Carlson admiringly, Daniel Noboa Organizations: U.S ., America, Wilson Center, Former, Economy, Massa, Vox, Fox News, Trump Locations: Argentina, Washington, South, Buenos Aires, Ecuador
CNN —Polls have closed in Argentina’s presidential elections, with the leading candidates highlighting sharp contrasts between the country’s political center and its margins amid a severe economic crisis. Inflation in Argentina has soared to 138%, Reuters reports, piling pressure on ordinary people trying to manage the cost of living. Bullrich holds up her marked ballot before putting it into the ballot box during primary elections in Buenos Aires, Argentina, Sunday, Oct. 22, 2023. Massa speaks to the press after voting at the polling station in Tigre, Buenos Aires, during the presidential election on October 22, 2023. Milei greets supporters before voting during general elections in Buenos Aires, Argentina, Sunday, Oct. 22, 2023.
Persons: Javier Milei, Patricia Bullrich, Sergio Massa, , ” Laura Celiz, Alberto Fernández, , Bullrich, Gustavo Garello, Fabiana Cantilo, Massa, Emiliano Lasalvia, Cristina Fernandez de Kirchner, Milei, Rodrigo Abd, Milei’s Organizations: CNN, YouTube, Getty, International Monetary Fund, Milei Locations: Argentina, Buenos Aires, Tigre, AFP
Workers load ballot boxes and voting material into a truck, ahead of the presidential election, in Buenos Aires, Argentina October 21, 2023. Milei, pledging to "chainsaw" the economic and political status quo, is the candidate to beat, with angry voters flocking to his tear-it-all-down message, fed up with inflation at 138% and poverty affecting over two-fifths of the population. Massa, current economy chief, remains in the running despite overseeing inflation hitting triple digits for the first time since 1991. He is pledging to cut the fiscal deficit, stick with the peso and defend the Peronist social welfare safety net. Pollsters see her as the most likely of the top three runners to miss out on a second round.
Persons: Mariana Nedelcu, Argentina's, Javier Milei, Sergio Massa, Patricia Bullrich, Milei, Federico Aurelio, Donald Trump, Jair Bolsonaro, Massa, Bullrich, Nicolas Mercado, Flavia Vázquez, Pollsters, Nicolas Misculin, Adam Jourdan, Chizu Organizations: REUTERS, American, Peronist Economy, International Monetary Fund, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, China, Brazil
[1/4] Workers unload ballot boxes and voting material from a truck, ahead of the presidential election, at a school on the outskirts of Buenos Aires, Argentina October 21, 2023. The vote is a tight three-way race between frontrunner radical outsider Javier Milei, ruling Peronist Economy Minister Sergio Massa and center-right former security minister Patricia Bullrich, all offering starkly different visions for Argentina. Libertarian economist Milei is in pole position to win, though would likely face a second round. "It seems to me that it is time for change, to see how we can alter the reality of the country." Reporting by Horacio Soria and Juan Bustamante; Writing by Adam Jourdan; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.
Persons: Mariana Nedelcu, Javier Milei, Sergio Massa, Patricia Bullrich, Soledad Sanchez, Bullrich, Milei, Massa, pollsters, Hernan Etchaleco, Agustin Geist, Horacio Soria, Juan Bustamante, Adam Jourdan, Daniel Wallis Organizations: Workers, REUTERS, Argentine, Peronist Economy, International Monetary Fund, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Peronist, Bullrich
Israel-Hamas conflict sparks tensions on U.S. college campuses
  + stars: | 2023-10-20 | 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 EmailIsrael-Hamas conflict sparks tensions on U.S. college campusesFormer SEC Chair Jay Clayton joins 'Squawk on the Street' to discuss one issue in the Israel-Hamas conflict, and the war's impact on college campuses in the U.S.
Persons: Jay Clayton Organizations: Israel, SEC Locations: Israel, U.S
Javier Milei presidential candidate of the La Libertad Avanza (Freedom Advances) party, speaks at the campaign closing event on Oct.18, 2023. The first-round presidential vote follows a shock primary win for far-right frontrunner Javier Milei, a libertarian outsider who has pledged to dollarize the economy, abolish the country's central bank, and sharply reduce state spending. (L-R) Presidential Candidate for Juntos Por el Cambio Patricia Bullrich waves to supporters alongside Vice Presidential Candidate Luis Petri and former President of Argentina Mauricio Macri during her closing presidential rally on Oct. 19, 2023 in Lomas de Zamora, Argentina. The race to replace Argentine President Alberto Fernandez, who is not seeking re-election, is unlikely to be decided this weekend. Sergio Massa, Argentina's economy minister and presidential candidate of Unity for the Homeland party, speaks during a closing campaign rally in Buenos Aires, Argentina, on Wednesday, Oct. 18, 2023.
Persons: Javier Milei, Donald Trump, Jair Bolsonaro, Sergio Massa, Patricia Bullrich, Jimena Blanco, Verisk Maplecroft, Massa, Luis Petri, Argentina Mauricio Macri, Marcos Brindicci, Mariano Machado, Mauricio Macri, Machado, Alberto Fernandez, Verisk Maplecroft's Blanco Organizations: La Libertad, Getty, La Libertad Avanza, la Patria coalition, el Cambio, Verisk, CNBC, Juntos, Lomas de Zamora, Americas, Milei, Argentine, Unity, Homeland, Bloomberg Locations: Argentina, Milei, Bullrich, Lomas de, Argentina's, Buenos Aires
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