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☆ Nikki Haley needs more than Koch cash to beat Trump
▼ + stars: | 2023-11-29 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

AFP Action senior adviser Emily Seidel said in a briefing document explaining the decision that Haley was best positioned to beat Trump in the primary. What Haley could gain from the endorsementHaley has one thing every successful candidate needs as first voting nears – a rising political trajectory. And Tuesday’s developments complicated his campaign’s efforts to convince big corporate donors that he is the best hope to defeat Trump. As well as muscle in the campaign advertising wars, its endorsement could bring major donors to Haley’s campaign. Even when it comes to a candidate who is as disdainful of democracy as Trump is, voters decide.

Persons: Nikki Haley, Charles Koch, Donald Trump, Jeb Bush, Hillary Clinton, Mitt Romney, Haley –, –, Haley, Trump, Ron DeSantis, Chris Christie, Joe Biden’s, Emily Seidel, Seidel, ”, Joe Biden, Biden, Vladimir Putin, Steven Cheung, MAGA, Republicans ‘, Sarah Longwell –, pollster, Trump –, CNN’s Kasie Hunt, Trump’s, she’s, ” Longwell, ” “, Koch, Liz Cheney, Cheney, Michael Palmer Organizations: CNN, Republican, GOP, South, Democratic, Club for Growth, Lincoln Project, Prosperity, Trump, Florida Gov, New, New Jersey Gov, AFP, America, White, UN, “, Republicans, CNN International’s, New Hampshire Locations: South Carolina, New Jersey, Iowa, New Hampshire, AFP, Trump, China, CNN International’s “ State, New, Deep, Wyoming, Florida

☆ Koch Network Backs Haley in Bid to Block Trump From 2024 GOP Nomination
▼ + stars: | 2023-11-28 | by ( John Mccormick | ) www.wsj.com time to read: 1 min

The conservative network’s support is a boost to Nikki Haley as the campaign enters the final seven weeks before the first nominating contest in Iowa. Photo: Drew Martin/Zuma PressThe political and policy network led by billionaire Charles Koch is backing the Republican presidential bid of Nikki Haley , the latest sign some big donors are moving her way in a long-shot bid to block former President Donald Trump from winning the GOP nomination. Americans for Prosperity Action said Tuesday that it would support the former South Carolina governor and United Nations ambassador. The conservative powerhouse’s support is a boost to Haley as the campaign enters the final seven weeks before the first nominating contest in Iowa.

Persons: Nikki Haley, Drew Martin, Charles Koch, Donald Trump, Haley Organizations: Zuma, GOP, Prosperity, South, United Nations Locations: Iowa, South Carolina

☆ Powerful Koch group endorses Haley's 2024 Republican presidential bid
▼ + stars: | 2023-11-28 | by ( Doina Chiacu | ) www.reuters.com time to read: +2 min

Republican presidential candidate and former U.S. Ambassador to the United Nations Nikki Haley listens as she is introduced during a campaign stop in Hooksett, New Hampshire, U.S., November 20, 2023. And last night, we concluded that analysis," the Koch group, Americans for Prosperity Action, said in a statement. "That candidate is Nikki Haley." The group promised Haley "the full weight and scope of AFP Action’s unmatched grassroots army and resources" in her bid to become the next U.S. president.

Persons: Nikki Haley, Brian Snyder, Charles Koch, Donald Trump, Trump, Joe Biden, Biden, Haley, Florida Governor Ron DeSantis, Doina Chiacu, Alistair Bell Organizations: U.S, United, REUTERS, Rights, South, Trump, White, Prosperity, Republican, Florida Governor, Thomson Locations: Hooksett , New Hampshire, U.S, South Carolina, United Nations

☆ Opinion: Nikki Haley is ready for her closeup
▼ + stars: | 2023-11-28 | by ( Opinion Nicole Hemmer | ) edition.cnn.com time to read: +10 min

Nikki Haley is instructive. But nowhere does it talk in depth about policy or what the Koch brothers’ organization represents within the Republican coalition. What makes Haley interesting in this race is not, in fact, her position in the polls but her position in the party. Haley was, after all, Trump’s ambassador to the United Nations, an interesting position for someone who so sharply diverges from Trump’s ostensibly non-interventionist foreign policy. Or maybe it’s Haley, the standard-bearer for a more inclusive Republican Party, defined by her identities as a woman and Indian-American.

Persons: Nicole Hemmer, Carolyn T, Robert M, “, Who, Clinton, Hillary Clinton’s, Donald Trump’s, ”, Trump, Voters don’t, —, Nikki Haley, Haley, George W . Bush, Paul Ryan, David, Charles Koch, Koch, it’s Haley, Patrick Hruby, Jon Stewart, Colbert Organizations: Rogers Center, Vanderbilt University, “ Partisans, Conservative, CNN, Trump, —, Voters, Republican, South Carolina Gov, Prosperity, The New York Times, GOP, United Nations, Social Security, Republican Party, United Auto Workers, Columbia Journalism, New York Times, Washington Post, Times, Post, Political Journalism Locations: Trump, Afghanistan, Iran, Ukraine, Charleston, Detroit

☆ Israel's war with Hamas will cost $53 billion, Israeli central bank says
▼ + stars: | 2023-11-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Israel's central bank forecasts war with Hamas to cost $53 billion between 2023 and 2025, per the WSJ. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNew estimates from the Israeli central bank forecast the war with Hamas to cost Israel roughly $53 billion between now and 2025, according to a Wall Street Journal report. By the end of 2024, the war will cut into Israel's GDP by 3%, in the Israeli central bank's view, even as policymakers work to stabilize financial markets and its currency. Thanks to central bank interventions, it's jumped about 9% over the last four weeks against the greenback, after the conflict had previously dragged the currency to an 11-year low.

Persons: Israel's shekel, —, Amir Yaron, it's, Yaron Organizations: Service, Wall, Bank of Israel, greenback Locations: Israel

☆ Billionaire-backed Koch network endorses Nikki Haley for president
▼ + stars: | 2023-11-28 | by ( Brian Schwartz | ) www.cnbc.com time to read: +2 min

Republican presidential candidate and former U.S. Ambassador to the United Nations Nikki Haley listens as she is introduced during a campaign stop in Hooksett, New Hampshire, U.S., November 20, 2023. The political network largely financed by billionaire Charles Koch endorsed former U.S. ambassador to the United Nations Nikki Haley for president Tuesday, boosting her primary campaign against the Republican front-runner, former President Donald Trump. The Haley endorsement by the Koch-backed super PAC Americans for Prosperity Action marks the end of a yearlong search for a viable Republican alternative to challenge Trump. Americans for Prosperity Action has already spent millions of dollars so far bashing Trump this cycle, arguing that he would lose a general election to President Joe Biden.

Persons: Nikki Haley, Charles Koch, Donald Trump, Haley, Koch, Trump, Trump's, Joe Biden, I'm Organizations: U.S, United, Republican, PAC, Prosperity, South, Trump, AFP Locations: Hooksett , New Hampshire, U.S, South Carolina

NEW YORK (AP) — Americans for Prosperity, the political arm of the powerful Koch network, formally endorsed Nikki Haley's presidential campaign on Tuesday, promising to commit its nationwide army of activists — and virtually unlimited funds — to helping Haley defeat former President Donald Trump in the GOP primary contest. In a statement, DeSantis spokesman Andrew Romeo likened the Koch endorsement to a contribution to the Trump campaign. “Every dollar spent on Nikki Haley’s candidacy should be reported as an in-kind to the Trump campaign. While she has seized some momentum in the polls, he campaign lacked the same level of infrastructure on the ground in key primary states as DeSantis and Trump. “I’m honored to have the support of Americans for Prosperity Action, including its millions of grassroots members all across the country,” Nikki Haley said in a statement.

Persons: Koch, Nikki Haley's, —, Haley, Donald Trump, Nikki Haley, Joe Biden, Emily Seidel, Seidel, Ron DeSantis, DeSantis, Andrew Romeo, Trump, ” Romeo, Nikki Haley’s, “ I’m, ” Nikki Haley, ”, Meg Kinnard Organizations: Prosperity, GOP, America, Republican, AFP, Florida Gov, Trump Locations: AFP, Florida, Columbia , South Carolina

☆ The cost of climate policies: Hard-pressed consumers are pushing back
▼ + stars: | 2023-11-28 | by ( Hanna Ziady | ) edition.cnn.com time to read: +11 min

In a 2022 Pew survey covering 19 countries in North America, Europe and the Asia-Pacific region, climate change was named the top global threat. Aira UK“There is no trade-off between (installing a heat pump), saving the planet and at the same time saving the pockets of consumers,” CEO Martin Lewerth told CNN. “If you’re living outside Scandinavia and you want a heat pump, it’s not a hassle-free experience,” Lewerth acknowledged. “There is no scenario in which delay is the cheaper option with climate change,” said Bob Ward, policy and communications director at the Grantham Research Institute on Climate Change and the Environment at the LSE. “If we’d invested more in renewable energy… energy bills wouldn’t have gone up so much, which disproportionately impacted on poor households,” Valero at the LSE told CNN.

Persons: ”, ” Brett Meyer, Tone, Tony Blair, ” Langengen, Meyer, Anna Valero, Keith Mayhew, Oliver Blume, doesn’t, Rishi Sunak, Kelley, Martin Lewerth, Sunak, ” Lewerth, “, Bob Ward, we’d, ” Valero, Tim Jackson Organizations: London CNN, Times Radio, Tony, Tony Blair Institute for Global, Pew, London School of Economics, Political Science, CNN, HSBC, carmakers, Volkswagen, Grantham Research, LSE, ”, Swiss, Confederation of British Industry, Centre, Prosperity, University of Surrey Locations: London, Europe, North America, Asia, Pacific, Greece, United Kingdom, United States, Germany, “, Norway, Sweden, Aira, Essex, Swedish, Britain, Scandinavia, Grantham, Ukraine

☆ Influential Koch network backs Nikki Haley in GOP presidential primary
▼ + stars: | 2023-11-28 | by ( Fredreka Schouten | ) edition.cnn.com time to read: +5 min

CNN —The influential network associated with billionaire Charles Koch will throw its money and influence behind former South Carolina Gov. Nikki Haley in the Republican presidential primary, the group announced Tuesday. It’s clear that candidate is Nikki Haley,” Siedel said Tuesday. Nikki Haley represents a new generation of leadership and offers a bold, positive vision for our future. “Every dollar spent on Nikki Haley’s candidacy should be reported as an in-kind to the Trump campaign,” DeSantis spokesperson Andrew Romeo said in a statement.

Persons: Charles Koch, Nikki Haley, South Carolina Sen, Tim Scott, –, Donald Trump, Emily Seidel, “, ”, ” Siedel, Haley, Seidel, ” Haley, Ron DeSantis, ” Seidel, Koch, Nikki Haley’s, Trump, Andrew Romeo Organizations: CNN, South Carolina Gov, Republican, Prosperity, South, United Nations, South Carolina, AFP, Republican National Committee, “ AFP, Florida Gov, Trump, Republicans, GOP, –, White, Koch Locations: Iowa, South Carolina, South, United States

☆ DeSantis campaign suffers massive blow as Koch-funded kingmaker calls Nikki Haley the best chance to beat Trump
▼ + stars: | 2023-11-28 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

The DeSantis campaign is not happy that Americans for Prosperity Action is backing Haley's 2024 bid. "Every dollar spent on Nikki Haley's candidacy should be reported as an in-kind to the Trump campaign," he continued. Haley on Tuesday said she was "honored" to have earned the endorsement from Americans for Prosperity Action. The DeSantis campaign has argued that Haley has no path to the GOP nomination, but no other candidate — including DeSantis — has been able to overtake Trump in polling in any of the early-nominating states. The support from Americans for Prosperity Action will now give Haley critical financial and organizational help in the lead-up to Iowa and New Hampshire.

Persons: Haley, Biden, DeSantis, Andrew Romeo, X, —, Ron DeSantis, Koch, Nikki Haley's, Donald Trump's, Donald Trump, Romeo, Trump, Bryan Griffin, Christina Pushaw, DeSantis — Organizations: Prosperity, GOP, Service, South, Trump, The New York Times, Hawkeye State Locations: South Carolina, Florida, New Hampshire, Iowa

☆ Nikki Haley is now the top GOP alternative to Trump, but her window to maintain momentum is narrow. Can she pull it off?
▼ + stars: | 2023-11-28 | by ( John L. Dorman | ) www.businessinsider.com time to read: +6 min

Nikki Haley has gained real momentum for her White House campaign. The GOP is still Trump's party, so Haley will have to withstand difficult dynamics headed into 2024. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Jeb Bush was unable to blunt Donald Trump's momentum ahead of the 2016 GOP primaries. But then came Trump, who flipped the script when he entered that year's GOP contest.

Persons: Nikki Haley, Haley, —, Ron DeSantis, Donald Trump, She's, Koch, Jeb Bush, Donald, Sean Rayford, Trump, Bush, Bush , Florida Sen, Marco Rubio, Texas Sen, Ted Cruz, Bush's, Rubio, Cruz, Joe Biden, California Sen, Kamala Harris, Massachusetts Sen, Elizabeth Warren, Harris, Warren underperformed, Biden, Vermont Sen, Bernie Sanders, Pete Buttigieg, Buttigieg, Sanders soldiered, Jim Vondruska, credibly, Vivek Ramaswamy, Ramaswamy Organizations: S.C, GOP, Service, Florida Gov, Trump, Prosperity, Republican, Super, New, Vermont, South Carolina, Super Tuesday, she'll Locations: Iowa, New Hampshire, Florida, Bush , Florida, Texas, California, Massachusetts, Nevada, South, Warren, Des Moines , Iowa, Republican, New Hampshire , Iowa, South Carolina

The political network founded by the billionaire industrialist brothers Charles and David Koch has endorsed Nikki Haley in the Republican presidential nominating contest, giving her organizational muscle and financial heft as she battles Gov. The commitment by the network, Americans for Prosperity Action, bolsters Ms. Haley as the campaign enters the final seven weeks before the Iowa caucuses. Since the first Republican primary debate, Ms. Haley has steadily climbed in polls, even as Mr. DeSantis has slipped. Mr. Trump remains the dominant front-runner in the race. Nikki Haley is that leader.”

Persons: Charles, David Koch, Nikki Haley, Ron DeSantis, Donald J, Trump, Ms, Haley, DeSantis, Donald Trump, ”, Emily Seidel Organizations: Prosperity Locations: Florida, Iowa

☆ Vietnam Relied on Environmentalists to Secure Billions. Then It Jailed Them.
▼ + stars: | 2023-11-28 | by ( Sui-Lee Wee | More About Sui-Lee Wee | ) www.nytimes.com time to read: +1 min

The nine nations had announced in December that Vietnam would receive $15.5 billion in grants and loans in exchange for a commitment to renewable energy. Ms. Nhien, 48, never got the chance to see Vietnam present the plan. While two activists have since been released, the United Nations high commissioner for human rights said in September that the “prosecutions and the arbitrary application of restrictive legislation are having a chilling effect” on environmentalists in Vietnam. Activists and academics say that Vietnam appears to be emboldened by its growing importance to the West and has taken the opportunity to clamp down, knowing there will be few repercussions. President Biden visited Vietnam in September, elevating ties to a new strategic relationship that he said would “be a force for prosperity and security in one of the most consequential regions in the world.”

Persons: Nhien, Biden, ” Organizations: Ministry of Natural Resources, Environment, United Nations Locations: United States, Japan, Vietnam, China

☆ German government unveils budget fixes as way out of crisis
▼ + stars: | 2023-11-27 | by ( Christian Kraemer | ) www.reuters.com time to read: +5 min

The government said the spillover effects from the energy crisis that hit in 2022 after Russia's invasion of Ukraine and caused rocketing prices had created an emergency situation that justified suspending the debt brake. The leader of Scholz's SPD urged the government to consider suspending the debt brake next year, a move rejected in particular by the fiscally hawkish Free Democrats (FDP). "The debt brake must remain." The debt brake, introduced after the global financial crisis of 2008-2009, was first suspended in 2020 to help the government support firms and health systems during the COVID-19 pandemic. On Monday he stressed the need to give companies, which have been worried by the uncertainty caused by the budget crisis, clarity as quickly as possible.

Persons: Olaf Scholz, Christian Lindner, Robert Habeck, Annegret, Olaf Scholz's, finalising, Scholz's, Christian Duerr, Bijan Djir, Christian Kraemer, Riham Alkousaa, Amir Orusov, Rachel More, Matthias Williams, Thomas Escritt, Alison Williams, Tomasz Janowski Organizations: Finance, Climate, REUTERS, Free Democrats, ZDF, Greens, Thomson Locations: Berlin, Germany, BERLIN, Ukraine, Sarai, East Germany

☆ Taiwan's presidential election is a three-way race. These are the parties vying to replace Tsai Ing-Wen.
▼ + stars: | 2023-11-27 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

Candidates from the more established Kuomintang and the smaller Taiwan People's Party could not agree on the leader for a combined ticket. Taiwan's president and vice president are directly elected, serve one term of four years and may be re-elected for one additional term. Taiwan's elections kick off a year that is littered with numerous elections globally at a time of heightened geopolitical tensions as two major wars rage on. The outcome of Taiwan's elections will likely go some way in influencing testy U.S.-China ties and impact security in Asia-Pacific more broadly. These are the three parties contesting Taiwan's Jan. 13 polls to elect a new president.

Persons: Foxconn, Joe Biden's, bookends, Xi Jinping, Biden, Nancy Pelosi, Taiwan's Jan Organizations: Democratic Progressive Party, Apple, Taiwan People's Party, U.S, China's Ministry of Foreign Affairs, APEC, Taiwan, ., Taiwan's Locations: China, Kuomintang, Taiwan, Taiwan Strait, Beijing, Asia, Pacific, San Francisco

People who claimed the power to control nature and the energy resources around them saw the environment as a tool to be used for progress, historians say. Over hundreds of years, that impulse has remade the planet's climate, too — and brought its inhabitants to the brink of catastrophe. Tapping nature for its resources drove progress and productivity for some, but it's also been a major driver of emissions and environmental degradation. By the mid-19th century, steam power was adopted in manufacturing, cotton mills, steam ships and locomotives around the world, turning coal into a global trade. Centuries later, the United Kingdom has nearly weaned itself off coal, with weeks or months at a stretch where the national grid gets no coal power.

Persons: ”, Luis Zambrano, it's, Anya Zilberstein, ” Zilberstein, Vera S, Candiani, Jan Golinski, “, ” Golinski, Deborah Coen, Andreas Malm, Barak, it’s, J.R, McNeill, ” McNeill, Victor Seow, Elizabeth Chatterjee, “ Indira Gandhi, Chatterjee, Joshua Howe, Howe, Yale's Coen, —, ” Howe, Fredrik Albritton Jonsson, Jonsson Organizations: National University Autónoma, Concordia University, Mexico City —, America, Princeton, University of New, Yale, Lund University, Tel Aviv University, Laboratory, Global, Project, Energy, Georgetown University, Communist, University of Chicago, Reed College, . Environmental Protection Agency, U.S, AP Locations: Nations, Mexico, Lake Texcoco, Montreal, Spanish, University of New Hampshire, Maui, Britain, Sweden, ”, India, Egypt, Nigeria, Ottoman Empire, United Kingdom, Cumbria, England, Wales, Scotland, China, Japan, U.S, Europe, United States, British, Portland , Oregon

☆ Opinion | Analyzing Bernie Sanders’s Vision for Mideast Peace
▼ + stars: | 2023-11-27 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “Palestinians Must Have Hope for a Brighter Future,” by Bernie Sanders (Opinion guest essay, Nov. 23):Senator Sanders states what has been obvious for decades to all who support two states living in peace, prosperity and dignity: The violence must end. In this long struggle, extremists on both sides scuttle every hope for compromise and ensure the endless cycle of murder and retaliation. The U.S. can pressure Israel by curtailing or attaching conditions to aid. Senator Sanders and other peace-loving Americans must call on those Arab states that support Palestinian extremists to end their support and work toward genuine transformation. I support Senator Sanders’s vision, but he doesn’t propose a concrete path forward, without which nothing will change.

Persons: Bernie Sanders, Sanders, Sanders’s Locations: U.S, Israel

☆ Huawei to move smart car operations to new joint company with Changan
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Nov 26 (Reuters) - China's Huawei (HWT.UL) said on Sunday it will move core technologies and resources in its smart car unit, which has chalked up robust sales for a number of new vehicles, to a new joint company owned up to 40% by automaker Changan Auto. The new company will engage in research and development, production, sales and service of intelligent automotive systems and component solutions, Huawei said in a press release. "The new company will ... work with partners to promote innovation and leadership in smart car technology and promote the prosperity and development of the automotive industry," the release said. "The two parties will jointly support the target company to become an industry leader in automotive intelligent systems and component solutions based in China," the filing said. Huawei has repeatedly said it does not make cars on its own but only helps other automakers make better vehicles.

Persons: Yu Chengdong, Changan, Laurie Chen, Brenda Goh, Edmund Klamann Organizations: Huawei, Changan Auto, Chongqing Changan Automobile, Shenzhen Stock Exchange, Seres, Chery, Thomson Locations: BEIJING, Chongqing, China, Shenzhen, Beijing, Shanghai

☆ Argentina's Milei invites Brazil's Lula to inauguration, travels to US
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: +3 min

Last week Milei, who travels to the United States on Sunday, had already softened his tone with China's communist leadership, thanking President Xi Jinping for a letter congratulating him. "I hope that our mutual time as presidents will be a stage for fruitful work and the construction of ties that consolidate the role Argentina and Brazil can and must fulfill in the concert of nations," Milei told Lula. The letter was delivered by his top foreign policy adviser, Diana Mondino, to Brazil's Foreign Relations Minister Mauro Vieira at a meeting in Brasilia. The new Argentine leader is closer politically and personally to former Brazilian President Jair Bolsonaro and has invited him to his inauguration. Milei meanwhile was set to travel to the U.S. on Sunday, a spokesperson told Reuters, noting he would attend a religious ceremony in New York and have meetings in Washington.

Persons: Javier Milei, Brazil's, Luiz Inacio Lula da Silva, Milei, Lula, Xi Jinping, Diana Mondino, Mauro Vieira, Jair Bolsonaro, Bolsonaro, Mondino, Vieira, Karina, Kristalina Georgieva, Gabriel Araujo, Lisandra, Jorge Otaola, David Gregorio, Stephen Coates Organizations: SAO PAULO, Foreign, Argentine, White, U.S . Treasury, International Monetary Fund, dollarizing, IMF, Thomson Locations: BRASILIA, BUENOS AIRES, Argentine, Brazil, United States, China, Argentina, Brasilia, Mercosur, New York, Washington, dollarizing Argentina, U.S, Sao Paulo, Buenos Aires

☆ Tea in the moonlight as truce brings respite but not normality for Gazans
▼ + stars: | 2023-11-26 | by ( Mohammed Salem | ) www.reuters.com time to read: +3 min

[1/3] Israeli soldiers sit in a military vehicle near the Israel-Gaza border on its Israeli side during a temporary truce between Hamas and Israel, in southern Israel, November 26, 2023. The peaceful scene, on the second night of a temporary truce between Israel and Hamas, was a moment of respite and reflection for Kaninch, who like other Gazans has endured fear and hardship since the war began on Oct. 7. "These truce days have allowed people to have a bit of social communication and to check on their families and friends and their houses." The headlights of a passing car briefly lit up piles of rubble on the street and graffiti on the walls. The war began when Hamas militants broke out of Gaza on Oct. 7 and rampaged through southern Israel, killing 1,200 people, among them babies and children, and seizing 240 hostages.

Persons: Alexander Ermochenko, KHAN YOUNIS, Ibrahim Kaninch, Khan Younis, Kaninch, We’ve, we’re, what's, people's, Estelle Shirbon, Giles Elgood Organizations: REUTERS, Hamas, Thomson Locations: Israel, Gaza

☆ German budget crisis will haunt economy for years
▼ + stars: | 2023-11-24 | by ( Pierre Briancon | ) www.reuters.com time to read: +4 min

LONDON, Nov 24 (Reuters Breakingviews) - The German government is working hard to demonstrate the foolishness of the country’s iron-clad ban on large budget deficits. The budget crisis will cripple the economy for years to come, for three reasons. The debt brake, which limits structural budget deficits to 0.35% of GDP, has only been suspended for this year’s budget. Public net investment has been negative for 20 years, Marcel Fratzscher, head of the German Institute for Economic Research, has pointed out. The country is not on the cusp of a debt crisis.

Persons: Carsten Brzeski, That’s, Marcel Fratzscher, Christian Lindner, Lindner, George Hay, Streisand Neto Organizations: Reuters, Constitutional, Organisation for Economic Co, Development, ING, German Economic Institute, Public, German Institute for Economic Research, German, Germany’s, Thomson Locations: Europe, Berlin

[1/6] A man sings for customers touring the Erhai lake on a sightseeing bus, in Dali, Yunnan province, China November 10, 2023. Many are former city-dwellers in search of an elusive prize in authoritarian China: Space for open discussion and exchange of ideas. POLICE OVERSIGHTThe local government has sought to attract young tech talent and in September asked digital nomads for input on policies, two community organisers told Reuters. Many digital nomads who use co-working spaces are involved with technologies like blockchain, according to organisers, which they say has drawn scrutiny from local authorities. Since digital nomads, unlike university students, "are not subject to structured discipline, they are harder to manage", she said.

Persons: Florence Lo, DALI, Trump, Xi Jinping, Minhua Ling, Dali, Xi's, Bai Yunxi, Xi, Bai, Chen Zhengyun, Chen, Ling, Laurie Chen, Katerina Ang Organizations: REUTERS, Geneva Graduate Institute, Reuters, Communist Party, Thomson Locations: Dali, Yunnan province, China, China's, Israel, Gaza, Yunnan, Beijing

☆ Chasing a Different China Dream, Young Digital Nomads Head for the Hills
▼ + stars: | 2023-11-23 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +6 min

Many are former city-dwellers in search of an elusive prize in authoritarian China: Space for open discussion and exchange of ideas. POLICE OVERSIGHTThe local government has sought to attract young tech talent and in September asked digital nomads for input on policies, two community organisers told Reuters. Many digital nomads who use co-working spaces are involved with technologies like blockchain, according to organisers, which they say has drawn scrutiny from local authorities. "We are more low-key and don't emphasise digital nomads in our marketing anymore," one co-working space staffer told Reuters, adding that conservative local governments in rural towns like Dali are "cautious of emerging technologies". Since digital nomads, unlike university students, "are not subject to structured discipline, they are harder to manage", she said.

Persons: Laurie Chen DALI, Trump, Xi Jinping, Minhua Ling, Dali, Xi's, Bai Yunxi, Xi, Bai, Chen Zhengyun, Chen, Ling, Laurie Chen, Katerina Ang Organizations: Geneva Graduate Institute, Reuters, Communist Party Locations: China, China's, Israel, Gaza, Dali, Yunnan, Beijing

New Zealand's Foreign Minister Winston Peters arrives at a news conference after he attended an emergency meeting of the Organisation of Islamic Cooperation (OIC) in Istanbul, Turkey, March 22, 2019. The role of deputy prime minister, a key sticking point in the discussions, will be split between the populist NZ First party leader Winston Peters and ACT party leader David Seymour, the group announced in a statement. National Party deputy leader Nicola Willis will be finance minister and Peters will be foreign minister, the parties said. The coalition plans to repeal a ban on offshore oil and gas exploration and a ban on the sale of cigarettes to future generations introduced by the previous Labour government, according to coalition documents. "Foreign affairs does matter to this country.... all relationships do matter to this country," Peters said in a joint news conference in the capital Wellington after the announcement.

Persons: Winston Peters, Murad Sezer, David Seymour, Nicola Willis, Peters, Christopher Luxon, Luxon, ” Luxon, Jacinda, Helen Clark, Lucy Craymer, Praveen Menon, Diane Craft Organizations: Zealand's, of Islamic Cooperation, REUTERS, ACT NZ, National Party, NZ First, ACT, Party, Reserve, New Zealand, Bank of New, Labour, “, New Zealanders, Police, Thomson Locations: Istanbul, Turkey, WELLINGTON, Bank of New Zealand, Wellington, Niue

☆ Canada's unprecedented housing crisis could be a warning sign for the US
▼ + stars: | 2023-11-22 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

The country is also almost certainly heading towards a recession — if it's not already in one — and the housing market is partly to blame, economists say. But immigration is just one of many factors at play — Canada's housing crisis far preceded the rise in immigration. Stillo believes Canada's housing bubble has been slowly "deflating" for the last 18 months, despite an upswing in prices earlier this year. But there isn't consensus on if and when Canada's housing bubble will burst — or even if there is a bubble. While housing prices have flattened recently as demand softens, he says they show no sign of significantly declining.

Persons: —, it's, Mosche Lander, haven't, Mike Moffat, Tony Stillo, Moffat, Lander, Stillo, they're Organizations: Service, Concordia University, Smart Prosperity, University of Ottawa, US, Oxford Economics, America, Bloomberg Locations: Canada, Canadian

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