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“I think there's great concern about the state of our democracy at this time,” said Mark Updegrove, CEO of the LBJ Foundation, which supports the LBJ Presidential Library in Austin, Texas. Those organizations all support presidential libraries created under the Presidential Library Act of 1955, along with the Eisenhower Foundation. The push for the joint statement was spearheaded by Daniel Kramer, executive director of the George W. Bush Institute. “America is experiencing a decline in trust, social cohesion, and personal interaction.”Valerie Jarrett, a senior adviser to former President Barack Obama who is now CEO of the Obama Foundation, said the former president supported the statement. “This is a moment where we could all come together and show that democracy is not about partisan politics,” she said.

Persons: Herbert Hoover, ”, Mark Updegrove, Updegrove, Lyndon Johnson, John F, Richard Nixon, Gerald R, Ronald Reagan, George, Barbara Bush, George W, Daniel Kramer, Kramer, “, Bill Gates, Gates, ” Kramer, ” Melissa Giller, ” Giller, ” Valerie Jarrett, Barack Obama, ” Jarrett, Obama Organizations: WASHINGTON, LBJ Foundation, LBJ Presidential, Hoover Presidential Foundation, Roosevelt Institute, Truman Library Institute, Kennedy Library Foundation, Richard, Richard Nixon Foundation, Ford Presidential Foundation, Carter Center, Ronald Reagan Presidential Foundation and Institute, Barbara, Barbara Bush Foundation, Clinton Foundation, Bush Presidential Center, Obama, Center, Eisenhower Foundation, The Eisenhower Foundation, Associated Press, Bush, Bush Institute, Ronald, Ronald Reagan Foundation and Institute, Obama Foundation Locations: Austin , Texas, loggerheads, Maricopa County, Phoenix, The, Washington ,, Chicago

☆ One year out, here’s what we know about how the presidential race will look on Labor Day 2024
▼ + stars: | 2023-09-04 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +15 min

CNN —Much remains unknown of course about the presidential general election whose traditional kick-off will come one year from today on Labor Day, 2024. Twenty states have likewise voted for the GOP presidential nominee in all four of those contests. That means 40 of the 50 states, or 80%, have voted the same way in four consecutive presidential elections. In the presidential elections of 2012, 2016 and 2020, though, the states where the margin of victory landed within four points of the national vote total dwindled. Eventually a Democratic choice to write off Florida and Ohio could provide a tactical benefit for the GOP presidential nominee.

Persons: ”, Doug Sosnik, Bill Clinton, Barack Obama’s, Joe Biden’s, Franklin D, Roosevelt, Trump, hasn’t, Obama, Kyle Kondik, Ball, Kondik, Amy Walter, Biden, Crystal Ball, Cook, Trump’s, headwinds, Republican Sen, Ron Johnson, Roy Cooper, Erika Franklin Fowler, “, George W, Bush’s, Hillary Rodham Clinton, Michael Bloomberg, I’ve, Steve Schale, Schale, don’t, it’s, “ Biden, Ben Tulchin, Fowler Organizations: CNN, Labor, White, Democratic, GOP, University of Virginia’s Center for Politics, Electoral College, Trump, Democrats, Crystal Ball, New Hampshire, Republican, White House, Biden, Pennsylvania Senate, Democratic Gov, Wesleyan Media Project, Wesleyan University, Electoral, Republicans, ”, Wisconsin, District, New, New York City, Sunshine Locations: Indiana , Iowa , Ohio, Florida, North Carolina, Arizona, Georgia, Wisconsin, Michigan, Nevada, Pennsylvania, New Hampshire, Arizona , Georgia, New, dislodging Michigan, Nebraska, Ohio, New York, Minnesota, New Hampshire , Virginia, Oregon, Texas

☆ China says the best way to 'de-risk' is to restore stability with the U.S.
▼ + stars: | 2023-09-01 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Mandel Ngan | Afp | Getty ImagesBEIJING — China's Ministry of Commerce said Thursday that restoring stability in U.S.-China trade relations is the best way to "de-risk" — a twist to a term that's become popular in international politics. That also "allows bilateral economic trade relations to better play the role of 'ballast,' stabilizing business expectations and increasing business confidence for carrying out trade and investment." In November last year, U.S. President Joe Biden and Chinese President Xi Jinping met in Bali, Indonesia, for their first in-person meeting since Biden took office. Their meeting kicked off formal plans for U.S. Secretary of State Antony Blinken and other U.S. senior officials to visit China this year. Following her meetings, the U.S. and China agreed to establish regular communication channels on commerce, export controls and protecting trade secrets.

Persons: Joe Biden, Xi Jinping, Roosevelt, Mandel Ngan, Shu Jueting, Biden, Antony Blinken, Scott Kennedy, International Studies Shu, Wang Wentao, Gina Raimondo, Shu, Raimondo, Wang, CNBC's Eunice Yoon Organizations: White, Afp, Getty, BEIJING, China's Ministry of Commerce, Ministry of Commerce, CNBC, U.S, Scott, Scott Kennedy Center for Strategic, International Studies, Commerce, Center for Strategic, . Commerce Locations: Washington ,, China, Bali, U.S, Bali , Indonesia, Beijing, Shanghai, America

☆ Walgreens CEO steps down
▼ + stars: | 2023-09-01 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +2 min

New York CNN —Walgreens Boots Alliance on Friday said that CEO Rosalind Brewer has stepped down less than three years after taking the helm at the pharmacy chain. Walgreens’ board named Ginger Graham, a member of the board, as interim CEO as the company launches a search for a permanent CEO. Walgreens slashed its full-year profit guidance in June, warning of softening consumer spending and a pullback in demand for Covid vaccines. Under Brewer, Walgreens had implemented cost-saving measures in an effort to boost profitability in its healthcare segment. Walgreens says it’s a digital-first experimental store to benefit customers and not designed to deter theft, Walgreens says.

Persons: Rosalind Brewer, Brewer, Ginger Graham Organizations: New, New York CNN, Walgreens Boots Alliance, Fortune, Walgreens, Roosevelt, Dick’s Sporting Goods Locations: New York, United States, United Kingdom, Chicago

☆ Joe Biden’s First Term and the ‘West Wing’ Fantasy of American Politics
▼ + stars: | 2023-08-31 | by ( Adam Tooze | ) www.nytimes.com time to read: +2 min

Franklin Foer’s “The Last Politician,” an account of Biden’s first two years in office, is the first draft of an answer. The problem is that, from Biden’s bleak inauguration to the surprise result of the midterms, we know the story in advance. Unless, as he seems at times to be hinting, the scripted, typecast feel that his book exudes is the truth about the present administration. One of the more telling cameos in the book describes how the Oval Office has been physically rearranged to create the stage for Biden’s presidential storytelling. A giant portrait of Franklin Roosevelt now takes “pride of place” above the office hearth.

Persons: Joe Biden’s, Franklin Foer, Biden, Franklin Foer’s “, Biden’s, Franklin Roosevelt, Trump, “ Bibi ”, ” Biden, Bibi Organizations: America, Biden, Al, Associated Press Locations: Gaza, Al Jazeera, Palestine

☆ Trump’s Mug Shot Is a Natural Fit in the History of Presidential Portraits - The New York Times
▼ + stars: | 2023-08-30 | by ( Cara Finnegan | ) www.nytimes.com time to read: +2 min

If Adams worried about the photographs he posed for, later presidents worried about the photographs they didn’t consent to. It’s well known that the White House sought to keep evidence of Franklin Roosevelt’s physical disability out of sight, but advisers were also anxious that even the most routine candid shot might make him look bad. As the first social media president, Barack Obama walked the line between control and interactivity. The administration took advantage of nearly every new social media outlet as it emerged. In addition, White House photographers, led by Pete Souza, built a huge visual archive of presidential photographs shared in real time on Flickr.

Persons: Adams, Theodore Roosevelt, Woodrow Wilson, Franklin, Roosevelt, Barack Obama, Pete Souza Organizations: White, Photography, White House, Flickr

☆ Biden says climate crisis is undeniable after Hurricane Idalia damage
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Aug 30 (Reuters) - U.S. President Joe Biden on Wednesday said no one could deny that the world is facing a climate crisis, after Hurricane Idalia plowed through the Big Bend region of Florida and forced millions of residents to evacuate. "I don't think anybody can deny the impact of the climate crisis anymore," Biden told reporters at the White House. Some Republican lawmakers, including Florida Governor Ron DeSantis, who is running to win the Republican presidential nomination, continue to oppose a slew of measures aimed at curbing emissions. Republican presidential candidate Vivek Ramaswamy called "the climate agenda" a "hoax" during last week's GOP debate. On Tuesday, she told reporters that extreme storms were part of a "new normal" that Americans are facing, adding that investments in resilience and mitigation were critical to prepare for future storms.

Persons: Joe Biden, Idalia, Biden, ” Biden, Ron DeSantis, Hurricane Idalia, Leah Millis, Vivek Ramaswamy, Deanne Criswell, Jeff Mason, Andrea Shalal, Trevor Hunnicutt, Andy Sullivan Organizations: White, Republican, Hurricane, REUTERS, GOP, Federal Emergency Management, Thomson Locations: Bend, Florida, Maui, Hawaii, Washington , U.S

☆ Biden pledges $95 million to shore up Hawaii's electric grid after deadly wildfires
▼ + stars: | 2023-08-30 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

WASHINGTON — The federal government will provide $95 million to shore up Hawaii's electric grid in the wake of deadly wildfires, President Joe Biden announced Wednesday. The news comes as Hawaii's main electric utility, Hawaiian Electric , is facing a dozen lawsuits alleging that the company's practices were partly responsible for the deadly fires, a claim the utility denies. Fitch, Moody's and S&P all recently downgraded Hawaiian Electric's credit rating to junk status, with Fitch warning that the company could face more than $3.8 billion in potential liability for the Maui wildfires. Biden visited Hawaii with first lady Jill Biden last week to view the damage and meet with survivors. Biden spoke to the governors of Florida, Georgia, North Carolina and South Carolina, and pledged the federal government's support for recovery efforts, the White House said.

Persons: Lloyd Austin, Alejandro Mayorkas, Joe Biden, WASHINGTON —, Biden, Fitch, Jill Biden, Idalia Organizations: Defense, . Homeland, Hurricane, White, Washington , D.C, WASHINGTON, Moody's, Fitch Locations: Maui, Hawaii, Washington ,, Lahaina, Florida, Georgia, Florida , Georgia, North Carolina, South Carolina

People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. Horizon's shares rose 5.5%. Advancing issues outnumbered decliners for a 3.82-to-1 ratio on the NYSE and a 1.78-to-1 ratio on the Nasdaq. The S&P index recorded seven new 52-week highs and no new low, while the Nasdaq recorded 43 new highs and 101 new lows. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Stocks, Jerome Powell, Roosevelt Bowman, Gina Raimondo, Wang Wentao, Goldman Sachs, decliners, Shristi Achar, Shounak Dasgupta Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Bernstein Private Wealth Management, Traders, Fed, Nvidia, U.S, Baidu, U.S . Commerce, Intel, Micron, Chinese Commerce, Intel's, Dow Jones, U.S . Federal Trade Commission, Horizon Therapeutics, Creative Planning, NYSE, Thomson Locations: New York City, U.S, China, Bengaluru

☆ Racist housing practices left Minneapolis with an extreme heat problem. Now, the city is rushing to reverse the lasting effects of environmental racism.
▼ + stars: | 2023-08-28 | by ( Dearbea Walker | ) www.businessinsider.com time to read: +10 min

The city hopes to rectify its history of environmental racism with a new Climate Equity Plan. It was also the only place Black people were allowed to purchase housing in the city. For all these reasons, previously redlined neighborhoods suffer from extreme heat. After years of outcry from activists, the city council submitted a new draft of a 10-year plan, titled the Minneapolis Climate Equity Plan, soliciting public comments. Earlier this year, Portland passed its 43-Step Climate Action Plan, which has similar objectives to the Minneapolis plan.

Persons: redlining, George Floyd, Kerem Yucel, CAPA, Tee McClenty, John Vachon, Franklin D, Anthony Potter, there's, Ulla Nilsen, it's, Darlene Pfister, Nilsen, Jacob Frey, MN350, " Nilsen, Jerry Holt, McClenty Organizations: Minneapolis, Equity, Service, George Floyd Memorial, Getty, Loan Corporation, District, Roosevelt's, City Hall, Star Tribune, Minneapolis Climate Equity Locations: Minneapolis, Minnesota, Kerem, AFP, homeownership, Negro, Portland , Oregon, Portland

Now I’m sure you’re going to say the same thing about my beloved F-35s, B-21s, SSN-774s and so on. Gail: That reminds me — during the Republican debate, when the candidates were asked to raise their hands if they believed human activity causes climate change, nobody was brave enough to do it. I know you don’t agree with our friend Ramaswamy, who called the climate change agenda “a hoax.” But do you feel yourself moving toward our oh-lord-this-is-a-world-crisis side? Conservatives could have something meaningful to contribute if they acknowledged that climate change was real and that big-government solutions aren’t the way to go. We could support a carbon tax and offset it with a reduction in income tax.

Persons: Gail, it’ll, Bret, they’d, me, Haley, Ramaswamy, Teddy Roosevelt Organizations: Republican, biodiesels Locations: California, San Francisco, San Jose, Burbank, United States

☆ Biden is still trying to forgive student debt in 'a very direct confrontation' with Supreme Court, expert says
▼ + stars: | 2023-08-27 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

"This is a very direct confrontation with the Court," Rosenblum wrote at the end of June on X, the social media platform formerly known as Twitter. Annie Nova: What exactly did you find so bold about President Biden disagreeing with the Supreme Court and announcing another plan to forgive student debt? It was because of the court, Biden made clear, that Americans would not receive the relief his administration had sought to provide them. Before Roosevelt, conflict between the Supreme Court and the president was not taboo, and Supreme Court justices were often understood to be important ordinary political figures. Charles Evans Hughes, chief justice of the Supreme Court when Roosevelt was elected, had been a Republican candidate for president.

Persons: Joe Biden, Noah Rosenblum, Joe Biden's, Rosenblum, Biden, Annie Nova, mystifying legalese, Franklin Roosevelt, Roosevelt, Charles Evans Hughes Organizations: White House, Washington Post, The Washington Post, White, New York University, CNBC, Supreme, Democrats, New, Republican

☆ Where student-loan forgiveness now stands for millions of borrowers one year after Biden announced his broad debt relief plan
▼ + stars: | 2023-08-24 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Since then, it faced legal hurdles, and the Supreme Court struck the relief down in June. Since he took office, his administration was weighing its options to get relief to borrowers, and Biden himself even questioned his authority to enact broad debt relief. About a month after the debt relief announcement, applications opened for federal borrowers to apply for an up to $20,000 reduction to their balances. It did go all the way to the Supreme Court and was deemed ineligible. Even with the Supreme Court ruling, Biden's administration has started implementing other reforms for borrowers, along with a new process for broad student-loan forgiveness using a different law.

Persons: Biden, Joe Biden's, Miguel Cardona, Harris, Biden's, it's, Joe Biden, Demetrius Freeman, Bharat Ramamurti, Chuck Schumer Organizations: Service, Biden, Social, Education Department, Republican, Supreme, Here's, White, Washington, Getty, Higher, National Economic Council Locations: Wall, Silicon

☆ Spin. Pilates. Prigozhin? Presidential Business Follows Biden on Vacation.
▼ + stars: | 2023-08-24 | by ( Erica L. Green | More About Erica L. Green | ) www.nytimes.com time to read: +1 min

It is a dynamic that seems to come with the job: A crisis will almost certainly unfold during any presidential holiday. The only occasion when Mr. Biden was spotted doing a recreational activity so far was on Wednesday, holding a banana-blueberry smoothie after his workout at PeloDog, a Pilates and cycle studio. He was asked by reporters whether he believed President Vladimir V. Putin of Russia was behind the plane crash. It looked that way, the president said, but he needed to find out more. (White House officials said the president was renting the house for “fair market value” but did not disclose details.)

Persons: Biden, Vladimir V, Putin, I’ve, ”, Theodore Roosevelt, Tevi Troy, George W, Bush Organizations: White House Locations: Russia, Maui, Steyer’s, Glenbrook, Nev, Lake Tahoe, Sagamore Hill, Long, Tahoe, Rehoboth

☆ As Republicans debate, Biden campaign, Trump, RFK Jr to target voters off stage
▼ + stars: | 2023-08-23 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +3 min

And Robert F. Kennedy Jr, a long-shot Democratic rival to Biden, is talking with Virginia voters about inflation just as the debate begins. In Washington, a joint "war room" of the Biden campaign and the Democratic National Committee (DNC) will offer rapid response throughout the night. Biden campaign co-chair Cedric Richmond and DNC chair Jaime Harrison will hold a press conference before the debate. Republicans on Wednesday night's debate stage will likely direct most of their criticism at Biden instead of each other. The Biden campaign says they have yet to consider whether or not Biden would debate Trump, or what it means if Trump decides against debating in the general election.

Persons: Robert F, Kennedy Jr, Scott Morgan, Donald Trump, Tucker Carlson, Joe Biden's, Trump, Majorie Taylor Greene, Biden, Franklin Delanor Roosevelt, Greene, MAGA, Cedric Richmond, Jaime Harrison, They've, Richmond, Jarrett Renshaw, Heather Timmons, Nick Macfie Organizations: Democratic, Fair, REUTERS, Republican, Fox, Milwaukee, Biden, Virginia, Democratic National Committee, MAGA ”, GOP, Trump, Republicans, Thomson Locations: Iowa, Des Moines , Iowa, U.S, Milwaukee , Wisconsin, United States, Washington, Wisconsin

☆ Opinion: How the words of ‘I Have a Dream’ soared and challenged the nation 60 years ago
▼ + stars: | 2023-08-23 | by ( John | ) edition.cnn.com time to read: +9 min

“It really shocked me,” Jones recalled. “Mahalia Jackson was his favorite gospel singer,” Jones recalled. “He took the written text … and shoved it to the side of the podium,” Jones recalled. Thank God almighty, we are free at last.”As the thunderous applause passed, “Martin looked at me and said, ‘How do you think I did?’ ” Jones recalled. King and Rabbi Abraham Heschel standing in the middle room, they’re both sobbing,” Jones recalled.

Persons: John Avlon, “, Martin Luther King Jr, Franklin D, Roosevelt, Kennedy, Reagan, Clarence B, Jones, King, ”, ” Jones, King “, …, Martin, Lincoln – “, Mahalia Jackson, “ Mahalia Jackson, Dora McDonald, Mahalia, Martin Luther King, Jr, Liz Hafalia, Jackson, hadn’t, he’d, ” King, Georgia ”, “ Martin, Rabbi Joachim Prinz, Abraham Joshua Heschel, “ Dr, Rabbi Abraham Heschel, Clarence, ” Clarence Jones Organizations: CNN, Lions, Washington, Kennedy White House, Willard, Lincoln, Lincoln –, University of San, San Francisco Chronicle, Martin Luther King Jr . Research, Education Institute, Stanford University, Civil Rights Movement, Twitter, Facebook Locations: “ Lincoln, Lincoln, Washington, Independence, University of San Francisco, Detroit, New Hampshire, Georgia, Hitler’s Germany, America, Catskill

☆ How J. Edgar Hoover, the FBI's first and longest director of the FBI, used controversial methods to turn the agency into one of the most efficient investigative forces in the world
▼ + stars: | 2023-08-21 | by ( James Pasley | ) www.businessinsider.com time to read: +1 min

J. Edgar Hoover took over the FBI, then known as the Bureau of Investigation in 1924 when he was 29 years old. He later used the bureau to gather information on influential people like John F. Kennedy, Albert Einstein, and Eleanor Roosevelt. Hoover turned the agency from a relatively powerless group into one of the most efficient investigative forces in the world. The list included President John F. Kennedy, Eleanor Roosevelt, Albert Einstein, and Felix Frankfurter. He later said of it, "J. Edgar Hoover was like a sewer that collected dirt.

Persons: Edgar Hoover, Hoover, John F, Kennedy, Albert Einstein, Eleanor Roosevelt, Felix Frankfurter, Laurence Silberman, J Organizations: FBI, Investigation, Service Locations: Wall, Silicon

☆ Would a conviction sink Trump? These Republicans are convinced
▼ + stars: | 2023-08-21 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

The question alarming many Trump-skeptical Republicans this week is whether Americans would ever send a convict to the White House. Sununu dismissed national polls that show Trump’s support among Republicans well over 50% and said to look at polling in early contest states. A new poll in Iowa by the Des Moines Register/NBC News/Mediacom suggests Trump has the support of 42% of likely Republican caucusgoers. Opposing views of Trump’s supportCNN’s Harry Enten looked at that Iowa poll and argues that much of Trump’s support is committed. Two-thirds of the likely caucusgoers who say they will support Trump also say their mind is made up.

Persons: Trump, J, Michael Luttig, Joe Biden, ”, Sen, Bill Cassidy, Cassidy, couldn’t, Scott Jennings, Jennings, Luttig, Tucker Carlson, It’s, Chris Sununu, …, ” Sununu, Joe Biden’s, Trump’s, bilking, Franklin Delano Roosevelt, Sununu, That’s, caucusgoers, Ron DeSantis, South Carolina Sen, Tim Scott, Harry Enten, What’s, Donald Trump can’t, –, ” Enten, Biden, “ Donald Trump Organizations: CNN, Trump, New, Louisiana Republican, Republicans, Republican, White, Quinnipiac University, GOP, –, Fox News, New Hampshire Gov, The New York Times, statehouse, Sunday, Democratic Party, Des Moines Register, NBC, caucusgoers ., caucusgoers . Florida Gov, South Locations: Atlanta, Milwaukee, New York, Florida, Iowa, New Hampshire, Washington ,, Georgia, Louisiana, “ State, America, “ Both Iowa, caucusgoers . Florida, South Carolina, caucusgoers

☆ Fact check: Trump makes new false claim to support old false claim that he won Georgia in 2020
▼ + stars: | 2023-08-21 | by ( Daniel Dale | ) edition.cnn.com time to read: +7 min

Washington CNN —Former President Donald Trump keeps telling the lie that he won Georgia in the 2020 election. Numerous previous candidates have earned far larger margins of victory in South Carolina and Alabama than Trump did in 2020. We’ll outline some of the key distinctions between Georgia, South Carolina and Alabama in a moment. The facts about South CarolinaTrump won South Carolina in 2020 by about 11.7 percentage points. Before Roosevelt, Democratic candidates won South Carolina by more than 82 points in all eight presidential elections from 1900 through 1928.

Persons: Donald Trump, Joe Biden, ”, “, ‘, –, Trump, Audrey Haynes, That’s, we’ll, Franklin D, Roosevelt, George W, Bush, George H.W, George H.W . Bush, Ronald Reagan, Jimmy Carter, Richard Nixon, Barry Goldwater, Woodrow, Biden Organizations: Washington CNN, Georgia, South, Trump, University of Georgia, North, South Carolina Trump, South Carolina, Democratic, Alabama Trump, Alabama, Trump . Locations: Georgia, Fulton County, Alabama, South Carolina, Trump’s Georgia, States, Minnesota, North Dakota, George H.W ., Bush’s Alabama, Atlanta, White, Trump . Georgia

☆ Vietnam's EV firm skids for third straight US stock session after debut boom
▼ + stars: | 2023-08-18 | by ( Medha Singh | ) www.reuters.com time to read: +2 min

VinFast shares on Friday fell 23% to close at $15.40, slipping below its opening price of $22 on Tuesday, when it had surged up to $38.78. With about 99% of the firm controlled by founder Pham Nhat Vuong, the small amount of publicly available shares makes the stock prone to volatility. Just $45 million worth of its shares had been traded by late morning, compared with $29 billion worth of shares in Tesla (TSLA.O), according to Refinitiv data. "Founder Pham Nhat Vuong brought a portion of VinFast to the public markets because he may seek to further monetize his stake over time. That may be a material overhang for VinFast shares for some time to come," Benowitz said.

Persons: Mike Blake, VinFast, Pham Nhat Vuong, Jason Benowitz, Benowitz, Nikola, Medha Singh, Noel Randewich, Arun Koyyur, Matthew Lewis Organizations: Los Angeles Auto, REUTERS, Nasdaq, U.S, Reuters, Roosevelt Investment Group, Faraday, Thomson Locations: Los Angeles , California, U.S, Tesla, Vietnam, VinFast, Bengaluru, Oakland, California

☆ Vietnam's EV firm skids for third session after debut boom
▼ + stars: | 2023-08-18 | by ( Medha Singh | ) www.reuters.com time to read: +2 min

The loss-making company was last valued at $32.4 billion, compared to $85 billion in its Wall Street debut on Tuesday. With about 99% of the firm controlled by founder Pham Nhat Vuong, the small amount of publicly available shares makes the stock prone to volatility. Just $28 million worth of its shares had been traded by late morning, compared to $13 billion worth of shares in Tesla (TSLA.O), according to Refinitiv data. That may be a material overhang for VinFast shares for some time to come," Benowitz said. Shares of Vietnam's largest conglomerate and VinFast parent Vingroup (VIC.HM) closed down 7% in Ho Chi Minh trading.

Persons: Mike Blake, Pham Nhat Vuong, Jason Benowitz, Benowitz, Nikola, Medha Singh, Noel Randewich, Arun Koyyur Organizations: Los Angeles Auto, REUTERS, Nasdaq, U.S, Reuters, Roosevelt Investment Group, Faraday, Thomson Locations: Los Angeles , California, U.S, Tesla, Vietnam, VinFast, Ho Chi, Bengaluru

REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsNEW YORK, Aug 17 (Reuters) - Resilient U.S. consumer spending drove Walmart's (WMT.N) better-than-expected second-quarter results and forecast hike but its international business on Thursday posted its best quarterly performance in several years. The retail behemoth's international business, which spans 19 countries, posted a 13.3% jump in sales during the second quarter, its strongest result since at least 2016, Refinitiv data shows. The unit posted $27.6 billion in sales, or 17% of the company's quarterly revenue, beating market estimates of $26.12 billion. In India, Walmart's majority-owned business Flipkart posted double-digit sales growth and PhonePe processed more than 5 billion transactions in a single month, Walmart said. "Walmart's international business continues to perform well.

Persons: Mario Anzuoni, Walmart's, Doug McMillon, Flipkart, Judith McKenna, McKenna, Kathryn McLay, Jason Benowitz, Siddharth Cavale, Aishwarya Venugopal, Vanessa O'Connell, Mark Porter Organizations: Walmart, REUTERS, Reuters Graphics, Unilever, Caterpillar, Sam's, Walmart International, Walmart's Sam's, Thomson Locations: Rosemead , California, U.S, Canada, United States, Mexico, India, China, New York, Bengaluru

☆ Danny Meyer closes two restaurants in a New York hotel that was converted into a migrant shelter
▼ + stars: | 2023-08-17 | by ( Ellie Stevens | ) edition.cnn.com time to read: +3 min

CNN —Prominent restaurateur and Shake Shack founder Danny Meyer announced he will be closing two New York City restaurants located in a hotel which has been repurposed as a shelter for the city’s growing migrant population. Meyer’s Union Square Hospitality Group said in a statement they “admire and respect Redbury’s decision,” and that Meyer has previously advocated for expedited work permits for asylum-seekers. The nationally known ones include Gramercy Tavern and Union Square Cafe. In March 2020, Meyer closed all of his 19 restaurants in New York. Currently, the Union Square Hospitality Group said the two restaurants it is closing are looking for a new location and for job placements for employees affected by the closures.

Persons: Danny Meyer, Eric Adams, “, Communications Fabien Levy, Meyer, USHG, ” USHG, Mayor Adams, ” Organizations: CNN, Shake Shack, New, Communications, Meyer’s, Square Hospitality, Gramercy Tavern, Square, NYSE, Square Hospitality Group Locations: New York City, Marta, York, New York

CNN —President Joe Biden is using the presidential retreat at Camp David to help with a diplomatic mission – hosting the first-ever trilateral summit with Japan and South Korea, two countries that are putting aside a fraught history in the face of shared security challenges. The gathering will mark the first time Biden is hosting foreign leaders at the Camp David retreat, a site of historic diplomatic negotiations for past presidents. From the start of his administration, Biden has sought to draw Asian allies like Japan and South Korea closer, in part, to counter an ascendant China. Biden’s first foreign leader visits at the White House were Japan and South Korea, and he visited the countries back-to-back in May 2022. Biden has worked to foster his individual relationships and cooperation with South Korea and Japan.

Persons: Joe Biden, David, Fumio Kishida, Yoon Suk, Biden, ”, Camp David, Yoon, ” Rahm Emanuel, Biden’s, Jake Sullivan, Kishida, “, ” Biden, serenaded, Don McLean, Yoon’s, Yoon Ki Jung, Franklin D, Roosevelt, Dwight D, Eisenhower, Winston Churchill, Jimmy Carter’s, Bill Clinton, Ehud Barak, Yasser Arafat, Barack Obama, Donald Trump Organizations: CNN, Japanese, South, Camp, Japan, Brookings Institution, ”, White, NATO, Korean, US, White House, South Korean, British, Camp David Accords, Israeli Locations: Japan, South Korea, North Korea, China, Catoctin, Maryland, Seoul, Tokyo, Korea, Korean, Pyongyang, Beijing, Madrid, Hiroshima, Annapolis , Maryland, Ukraine, Washington, Delaware, Israel, Egypt

☆ Biden nods to Camp David history by inviting Yoon, Kishida
▼ + stars: | 2023-08-17 | by ( Steve Holland | ) www.reuters.com time to read: +4 min

Most famously, President Jimmy Carter brokered the Camp David accords in 1978 between Egyptian President Anwar al-Sadat and Israeli Prime Minister Menachem Begin. The first foreign leader to visit Camp David, then known as "Shangri-La," was British Prime Minister Winston Churchill who was there for World War Two talks with Roosevelt. Eisenhower, who named Camp David for his father and grandson, would grill steaks for family and friends. One time George W. Bush hosted Russian leader Vladimir Putin at Camp David and introduced Putin to his Scottish terrier, Barney. The seemingly mundane at Camp David can sometimes erupt into major headlines, like the time President George H.W.

Persons: Joe Biden, Vladimir Putin, Biden, David, Camp David, Japan's Fumio, Korea's Yoon Suk Yeol, Franklin Roosevelt, Jimmy Carter, Anwar al, Sadat, Menachem Begin, Winston Churchill, Roosevelt, Churchill, Nikita Krushchev, Dwight Eisenhower, Bill Clinton, Ehud Barak, Yasser Arafat, Arafat, Clinton, ” Clinton, “, ”, Harry Truman, Ronald Reagan, Donald Trump, Eisenhower, George W, Bush, Carter, Putin, Barney, George H.W, Marlin, Marlin Fitzwater, Steve Holland, Heather Timmons, Grant McCool Organizations: U.S, ., ROK, Works Progress Administration, Israeli, British, Cuban Missile Crisis, White, Camp, Thomson Locations: Ukraine, Camp, Thurmont, WASHINGTON, Japan, South Korea, Maryland, U.S, Laurel Lodge, Aspen Lodge, Roosevelt . U.S, Catoctin, Soviet, Russian, Russia

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