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Search resuls for: "Donald Trump și"


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☆ Leave ‘the American People’ Alone
  + stars: | 2023-04-22 | by ( Joseph Epstein | ) www.wsj.com   time to read: 1 min
As Donald Trump sides with Bob Iger in Ron DeSantis's escalating row with Disney, all three stand to lose more than they'll gain. Images: AP/Zuma Press/Shutterstock/Getty Images Composite: Mark KellyIn the Chicago where I grew up, all politicians were guilty until proven innocent, and few were ever proved innocent. I remember my father telling me that a seat on the Chicago City Council paid $20,000 a year, yet politicians spent as much as a quarter-million dollars to get one. “Doesn’t make sense,” my father would say, in a voice of comic naiveté, “just doesn’t make sense.”There are ways to scope out the falsity of politicians—viewing the contradictions or simple selfishness in their voting records; discovering their net worth. You can tell how phony a politician is by how often he uses the term “the American people.”
☆ The guy AOC crushed in her first election is back on the Hill — and this time he's trying to save TikTok
  + stars: | 2023-04-21 | by ( Eliza Relman | ) www.businessinsider.com   time to read: +3 min
TikTok has hired Rep. Alexandria Ocasio-Cortez's predecessor to lobby on Capitol Hill. Former Rep. Joe Crowley reportedly helped TikTok's CEO set up meetings with lawmakers in DC. Ocasio-Cortez has come out against banning TikTok, breaking with the Biden administration. But this time, Crowley finds himself on the same side as Ocasio-Cortez, who recently announced her opposition to banning TikTok. The Trump administration similarly called for TikTok to be sold to an American buyer and former President Donald Trump signed an executive order in 2020 banning TikTok.
☆ Donald Trump Sides With Disney
  + stars: | 2023-04-19 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
Review & Outlook: What started as a row over parental rights legislation has resulted in the Walt Disney Company losing special privileges in Florida—and serves as a wake-up call for other CEOs. Images: Reuters/AP/Miami Herald Composite: Mark KellyThe only thing Democrats enjoy watching more than Ron DeSantis ’s escalating tiff with Disney is the daily Donald Trump show. In Tuesday’s double feature, the former President sided with the woke Mickey Mouse to score points over the Florida Governor. “Disney’s next move will be the announcement that no more money will be invested in Florida because of the Governor,” Mr. Trump wrote on Truth Social. “In fact, they could even announce a slow withdrawal or sale of certain properties, or the whole thing.
☆ Trump faces more legal threats beyond a hush money case. Here's the status of those probes
  + stars: | 2023-04-05 | by ( Kevin Breuninger | ) www.cnbc.com   time to read: +10 min
Cohen has since become a vocal critic of his former boss and testified before the grand jury hearing evidence in Bragg's probe. The grand jury was impaneled in January 2022 to hear evidence in Fulton County DA Willis' probe. Portions of that final report, which were released in February, show the grand jury determined that at least one witness may have lied under oath. New York civil caseTrump is also embroiled in a state-level civil fraud case filed by James, the New York attorney general. (L-R) Eric Trump, Donald Trump Jr., and Ivanka Trump and Donald Trump attend the ground breaking of the Trump International Hotel at the Old Post Office Building in Washington July 23, 2014.
☆ Trump campaign raised $7 million since indictment, aide says
  + stars: | 2023-04-03 | by ( Kevin Breuninger | ) www.cnbc.com   time to read: +2 min
Former US President Donald Trump sits in the rear of his limousine as he departs Trump International Golf Club in West Palm Beach, Florida, on April 1, 2023. Former President Donald Trump's 2024 campaign raised $7 million in the days after his indictment in Manhattan, a top campaign aide said Monday. Senior Trump aide Jason Miller announced the haul as the ex-president was en route to New York City ahead of his expected arrest and arraignment on Tuesday. Trump has repeatedly decried District Attorney Alvin Bragg's probe as a "witch hunt," and has attacked the DA himself in vitriolic terms. After the grand jury's vote, Trump's campaign started running Facebook ads that seized on the development.
☆ Trump's 'hush money' grand jury may have already voted. But the DA can slow-walk filing an indictment, experts say.
  + stars: | 2023-03-28 | by ( Laura Italiano | ) www.businessinsider.com   time to read: +7 min
It's possible the Trump 'hush-money' grand jury has already voted to indict, ex-prosecutors say. NBC reported Tuesday that the grand jury is not meeting for the rest of this week. The grand jury last met on Monday afternoon, hearing testimony from former Trump ally and National Enquirer publisher David Pecker. And already, the office of District Attorney Alvin Bragg has had to deal with hoax bomb threats and an anthrax scare. The post was soon deleted and Trump attorney Joe Tacopina has said the image was posted by a staffer, not by Trump himself.
☆ The Fed's latest move confirms it's trying to thread the needle between cooling inflation and helping banks in turmoil
  + stars: | 2023-03-22 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +4 min
The Federal Reserve raised interest rates by 25 basis points on Wednesday. It's the second interest rate increase this year. It comes on the heels of Silicon Valley Bank's collapse, which prompted some calls to pause the rate hikes. "We expect 2023 to be a year of significant decline in inflation," Powell said in February. So while the committee is slowing interest rate hikes for now, they plan to continue increases this year.
☆ Treasury Secretary Janet Yellen said the SVB collapse is 'very different' from the 2008 crisis and that the financial system is 'significantly stronger than it was 15 years ago'
  + stars: | 2023-03-21 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com   time to read: +4 min
In prepared remarks, Treasury Secretary Janet Yellen said the SVB situation is very different from 2008. "Our financial system is also significantly stronger than it was 15 years ago," she said. Dean Baker, a senior economist at the Center for Economic and Policy Research who predicted the 2008 housing bubble crash, told Insider that "this is not a 2008, 2009 story at all." "To this day I always argue with people, the problem was the housing bubble. "But the real problem was that the housing market was driving the economy — a housing bubble, and it collapsed, and there was no easy replacement for that.
☆ Silicon Valley Bank ex-CEO backed Big Tech lobbying groups that targeted Dodd-Frank, sought corporate tax cuts
  + stars: | 2023-03-16 | by ( Brian Schwartz | ) www.cnbc.com   time to read: +7 min
Greg Becker, President and CEO of Silicon Valley Bank (SVB), speaks during the Milken Institute Global Conference on May 3, 2022 in Beverly Hills, California. Both trade organizations included Silicon Valley Bank as a member before its failure, according to archived versions of their websites. The organization has spent more than $2 million since the start of 2020 on lobbying Congress, according to its lobbying disclosure reports. Federal records show that the Silicon Valley Leadership Group has not filed lobbying disclosure reports since 2009. Becker was chairman of the Silicon Valley Leadership Group from 2014 through 2017, according to an archived version of his SVB bio page.
☆ 'Shark Tank' star Kevin O'Leary is blaming Silicon Valley Bank's implosion on a 'negligent board of directors' with 'idiot management'
  + stars: | 2023-03-14 | by ( Cheryl Teh | ) www.businessinsider.com   time to read: +3 min
Kevin O'Leary has blamed Silicon Valley Bank's management for the bank's implosion. Silicon Valley Bank collapsed after a bank run, and there are differing opinions on why that happened. The Federal Deposit Insurance Corporation took control of Silicon Valley Bank on Friday after a catastrophic bank run. There has been mud-slinging in all directions over the factors that may have contributed to Silicon Valley Bank's failure. Representatives for Silicon Valley Bank did not immediately respond to Insider's request for comment outside regular business hours.
☆ Warren unveils bill to repeal Trump-era bank deregulation she says led to SVB, Signature collapses
  + stars: | 2023-03-14 | by ( Christina Wilkie | ) www.cnbc.com   time to read: +2 min
Senator Elizabeth Warren (D-MA) speaks to reporters about codifying gay marriage on Capitol Hill in Washington, September 15, 2022. WASHINGTON — A group of Democratic senators introduced new legislation Tuesday to repeal Trump-era bank deregulations they say created the conditions that allowed for the dramatic collapse of Silicon Valley Bank and the closure of Signature Bank since Friday. Right away, mid-sized banks, including SVB, began lobbying Congress for an exemption from the tighter oversight rule. On the Senate floor Tuesday, Democratic Sen. Elizabeth Warren, Mass., drew a straight line from the 2018 deregulation effort to the 2023 failure of SVB and Signature. "The weakened rules permitted banks like SVB and Signature to load up on risks, run up their profits, pay their executives, giant bonuses, and eventually blow the banks to pieces," said Warren.
☆ Bernie Sanders says Silicon Valley Bank's failure is the 'direct result' of a Trump-era bank regulation policy
  + stars: | 2023-03-13 | by ( Cheryl Teh | ) www.businessinsider.com   time to read: +4 min
Sen. Bernie Sanders is blaming a Trump-era policy for the Silicon Valley Bank run. "Now is not the time for US taxpayers to bail out Silicon Valley Bank. The Federal Deposit Insurance Corporation shut down the Silicon Valley Bank on Friday following a catastrophic bank run. The collapse of Silicon Valley Bank has now become the largest bank failure in the US since the 2008 financial crisis. However, startups with money in Silicon Valley Bank exceeding $250,000 are now in danger of not being able to make payroll next week.
☆ The Fed says it will investigate its oversight of Silicon Valley Bank following the biggest bank failure since 2008
  + stars: | 2023-03-13 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +2 min
The Fed will investigate its oversight of Silicon Valley Bank, Chairman Jerome Powell said Monday. "The events surrounding Silicon Valley Bank demand a thorough, transparent, and swift review by the Federal Reserve." SVB became the biggest bank failure since 2008 after regulators closed it Friday. "The events surrounding Silicon Valley Bank demand a thorough, transparent, and swift review by the Federal Reserve," Chairman Jerome Powell said in the statement. "For a $200 billion bank to have no interest rate risk controls is staggering," he said.
☆ Why Trump is being called out in the Silicon Valley Bank collapse
  + stars: | 2023-03-13 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +5 min
Some Democrats have been blaming Trump-era regulations for Silicon Valley Bank's collapse. In 2018, Trump signed into law a bill that rolled back provisions in the Dodd-Frank Act and loosened oversight over banks. On Friday, regulators shut down Silicon Valley Bank following a tumultuous few days of failing to raise capital and a flood of customers withdrawing their funds from the bank. "Greg Becker, the chief executive of Silicon Valley Bank, was one of the ‌many high-powered executives who lobbied Congress to weaken the law," Massachusetts Sen. Elizabeth Warren wrote in a Monday opinion piece. Vermont Sen. Bernie Sanders said in a statement that the "failure of Silicon Valley Bank is a direct result of an absurd 2018 bank deregulation bill signed by Donald Trump that I strongly opposed."
☆ The GOP’s 2024 Presidential Debate Pledge
  + stars: | 2023-02-28 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
Republican party chair Ronna McDaniel said this weekend that to get access to the GOP’s 2024 debate stage, presidential contenders will likely have to pledge to support the eventual primary winner. Months later he was asked if he stood by his promise to back the GOP nominee. “We’ll see who it is.” Perhaps Mr. Trump will do the same bait and switch this year. Maybe he will refuse to sign, point to his polling, and pressure the party to let him debate anyway. In any case, Ms. McDaniel is putting down a useful marker.
☆ DeSantis' plans for Florida this year include tax cuts for gas stoves and more elections police. The proposals are widely viewed as targeting GOP voters nationally.
  + stars: | 2023-02-02 | by ( Kimberly Leonard | ) www.businessinsider.com   time to read: +14 min
Banning vaccine and mask mandatesDeSantis wants the Florida legislature to permanently ban COVID vaccine and mask mandates. It's not clear how much of a difference a new, permanent Florida law would make. DeSantis will ask the Florida legislature to permanently lift the state's 6% sales tax on baby necessities including on cribs, strollers, clothing, shoes, wipes, and diapers. But some analysts, such as Howard Gleckman at the Tax Policy Center, have warned that tax breaks could actually worsen inflation because people will spend and consume more at a time when supplies are limited. Currently, state law requires a vote be unanimous.
☆ Trump's go-to attorney Alina Habba is withdrawing from E. Jean Carroll's rape claim. Last month, a federal judge sanctioned her $1 million for bad lawyering.
  + stars: | 2023-02-01 | by ( Jacob Shamsian | Ashley Collman | ) www.businessinsider.com   time to read: +5 min
Alina Habba is withdrawing from representing Donald Trump in E. Jean Carroll's rape claim. Habba told Insider she continues to be dedicated to Trump. The move comes two weeks after a federal judge in Florida sanctioned Habba and Trump in a separate case and fined them $1 million. In a statement provided to Insider, Habba told Insider she was dedicated to representing Trump in court. "While I appreciate the left-wing media's attempt to fabricate any story to fit their narrative, I am so happy to have Joe step in and assist," Habba told Insider.
☆ Jan. 6 rioter who put feet on desk in Pelosi’s office convicted on all counts
  + stars: | 2023-01-23 | by ( Daniel Barnes | Zoë Richards | ) www.cnbc.com   time to read: +1 min
A supporter of US President Donald Trump sits inside the office of US Speaker of the House Nancy Pelosi as he protest inside the US Capitol in Washington, DC, January 6, 2021. An Arkansas man who was photographed during the Jan. 6 riot with his feet on a desk in then-House Speaker Nancy Pelosi's office, was found guilty on all counts Monday after brief jury deliberations. He said repeatedly in court last week that he regretted what transpired at the Capitol that day but did not consider his actions illegal. Before leaving Pelosi's office, Barnett took an envelope that he later displayed for cameras outside the Capitol. Barnett also admitted to telling an officer in the Capitol: "We're in a war.
☆ DeSantis' 'Freedom Blueprint' for Florida is taking shape, and it's widely viewed as paving the way for a 2024 presidential run
  + stars: | 2023-01-14 | by ( Kimberly Leonard | ) www.businessinsider.com   time to read: +9 min
It's widely viewed as a blueprint for theHe has already made some of his intentions clear, on areas from Disney to anti-China policy. DeSantis will ask the Florida legislature to permanently lift the state's 6% sales tax on baby necessities including on cribs, strollers, clothing, shoes, wipes, and diapers. He also wants the state to nix the sales tax on medical equipment and on medicines for pets. Other tax cuts would be temporary, including lifting the sales tax for a year on children's books, athletic equipment, and toys, as well as a proposal to suspend the sales tax on pet food and on household items that cost $25 or less. Loosening gun restrictionsDeSantis wants lawmakers to pass legislation that would change Florida law so that gun owners could carry a gun in public without a concealed weapons permit.
☆ The Biden administration just made it easier for Trump to keep a key promise on prescription drugs if he wins in 2024
  + stars: | 2023-01-11 | by ( Kimberly Leonard | ) www.businessinsider.com   time to read: +11 min
The Biden administration presented a plan on Wednesday to let the government negotiate drug prices. Trump, who once accused Big Pharma of "getting away with murder," could be president when drug prices fall. Gutting the prescription drug provision would come at a cost to the federal government. President Trump signed a series of four executive orders aimed at lowering prices that for prescription drugs in the United States. "There has been no bigger champion of lowering prescription costs and putting Americans first than President Trump," Steven Cheung, Trump's 2024 campaign spokesman, told Insider.
☆ Analysis: Democrats' downgrade of Iowa's role is a blow to Corn Belt, biofuels
  + stars: | 2023-01-05 | by ( Jarrett Renshaw | ) www.reuters.com   time to read: +5 min
Iowa's political importance created a cottage industry out of educating and supporting candidates on issues that corn farmers and ethanol manufacturers care about. "Forward looking, to get Democratic candidates exposed to farm issues and get these issues in front of them is going to be extremely challenging. “It’s a blow to the industry, in terms of educating and informing the Democratic candidates,” Link said. Link noted that many of the Democratic candidates vying for the nomination were often already serving as elected leaders in Washington or would later become vice presidents or cabinet secretaries. The Iowa caucuses helped developed empathy for rural issues that could later be tapped for legislative success.
☆ Trump’s Tax Law Echoed Through His Finances During White House Years
  + stars: | 2022-12-31 | by ( Richard Rubin | ) www.wsj.com   time to read: 1 min
The tax law that Donald Trump signed in late 2017 echoed through his finances in the following years, limiting some tax benefits for him and opening some tax-planning opportunities, according to the former president’s tax returns. Like many other taxpayers from high-tax states such as New York, Mr. Trump was affected by the $10,000 limit on deducting state and local taxes that was imposed by the wider tax law he championed. In 2018, for example, while he was in the White House, he reported paying over $10 million in state and local taxes but could only deduct the $10,000. The House Ways and Means Committee released six years of Mr. Trump’s tax returns Friday.
☆ WTO rules against U.S. in Hong Kong labelling dispute
  + stars: | 2022-12-21 | by ( Reuters Staff | ) www.reuters.com   time to read: +2 min
FILE PHOTO: A logo is seen at the World Trade Organization (WTO) headquarters before a news conference in Geneva, Switzerland, October 5, 2022. REUTERS/Denis BalibouseUntil 2020, the United States had treated Hong Kong, which is a separate WTO member, in the same manner as before it passed from British control in July 1997. A three-person WTO adjudicating panel found that the United States violated an obligation towards Hong Kong, by giving it less favourable treatment than other WTO members in terms of marks of origin on its products. The United States said it had applied an exception allowing for measures to protect a country’s “essential security interests”. The Hong Kong government welcomed the ruling and said it had affirmed its special status as a separate customs territory.
☆ WTO rules against U.S. import duties on steel, aluminium, Norway says
  + stars: | 2022-12-08 | by ( ) www.reuters.com   time to read: +1 min
OSLO, Dec 8 (Reuters) - The Norwegian foreign ministry said on Thursday a World Trade Organization panel had ruled in Norway's favour against the United States in a case the Nordic country had brought over U.S. import duties imposed in 2018 on steel and aluminium. "The WTO panel's report, which was released today, concludes that the U.S. tariff on steel and aluminium was in breach of the WTO rules," the Norwegian ministry said in a statement. In March 2018, then-U.S. President Donald Trump signed a memorandum to impose the tariffs, later exempting some allies, while Norway, a major aluminium producer, was among those that were hit. Several WTO members have filed similar challenges with the trade body, including the European Union, China, India, Russia, Switzerland and Turkey. Reporting by Terje Solsvik in Oslo and Phil Blenkinsop in Brussels, editing by Mark Heinrich, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
☆ Tech layoffs send visa holders on frantic search for employment to avoid deportation
  + stars: | 2022-12-02 | by ( Annie Palmer | ) www.cnbc.com   time to read: +6 min
Workers on temporary visas often have 60 to 90 days to find a new gig so they can avoid being deported. More than 50,000 tech workers were let go from their jobs in November, according to data collected by the website Layoffs.fyi. A search for "layoffs H1B" on LinkedIn surfaces a stream of posts from workers who recently lost their jobs and are expressing concern about the 60-day unemployment window. An engineer who was recently laid off by gene-sequencing technology company Illumina said he hoped his employer would sponsor his transfer to an H-1B visa. WATCH: Tech layoffs double from October to November
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