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View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. First Quantum on Tuesday reaffirmed its commitment to the rule of law with the objective of benefiting Panama. First Quantum and its local unit Minera Panama declined to comment further. A decision to cancel the Cobre Panama mine's contract could slow Panama's GDP growth from an anticipated 6% in 2023 to just 1% without the mine in operation on an annualized basis. The odds of Panama losing its investment-grade rating would rise significantly if the contract is revoked, J.P Morgan warned on Tuesday.

Persons: Laurentino, J.P Morgan, Adriana Linares, Jackie Przybylowski, Michael Camacho, Frank De Lima, Juan Diego Vasquez, Edison Broce, Divya Rajagopal, Valentine Hilaire, Elida Moreno, Steve Scherer, Denny Thomas, Rod Nickel Organizations: Minerals, REUTERS, Aris, Quantum Minerals, Panama, Canada's Global Affairs, Reuters, Bank of Montreal, Finance, Economy, Independent, Thomson Locations: Panama, Donoso, Vancouver, Canada, Toronto

☆ Israel's defence and finance ministers clash over Palestinian tax payout
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

JERUSALEM, Nov 1 (Reuters) - Israel's defence and finance ministers clashed on Wednesday over whether some West Bank tax revenues should be transferred to the Palestinian Authority, underlining the tensions straining the government as Israeli forces push on with the war in Gaza. Defence Minister Yoav Gallant called for tax revenues collected by Israel on behalf of the Palestinians in parts of the West Bank under direct Israeli control, to be disbursed without delay. "I think it is only appropriate to uphold the decision of the cabinet as decided several days ago," he said. Finance Minister Bezalel Smotrich, whose hardline religious nationalist party has strong support among Jewish settlers in the West Bank responded that Gallant was making a "serious mistake" in demanding the release of the funds. "I do not intend to let the State of Israel finance our enemies in Judea and Samaria who support the terrorism of Hamas and finance the 7/10 terrorists who murdered and massacred us," he said in a statement.

Persons: Yoav Gallant, Gallant, Bezalel Smotrich, Smotrich, Benjamin Netanyahu, James Mackenzie, Steve Scheer, Sandra Maler Organizations: West Bank, Palestinian, Gaza ., Hamas, Palestinian Authority, Thomson Locations: Gaza, Israel, Judea, Samaria

With the economy stumbling along slower than the Bank of Canada forecast just last week, analysts said there is no need to raise rates again from 5.0%, a 22-year high. July GDP was revised to being marginally negative from an initial report of zero growth, Statistics Canada said. This data reaffirms our view that the Bank of Canada is done raising rates for this cycle," Figueiredo said. The central bank has said its previous rate hikes are sinking in. The projected contraction in third-quarter annualized growth is far lower than the Bank of Canada (BoC) forecast last week.

Persons: Chris Helgren, Tiago Figueiredo, Figueiredo, Macklem, Benjamin Reitzes, Reitzes, Ismail Shakil, Steve Scherer, Dale Smith, Jonathan Oatis Organizations: Roberts Bank, REUTERS, Rights OTTAWA, Bank of Canada, Canadian, Reuters, Statistics, BoC, BMO Capital Markets, Thomson Locations: Delta, British Columbia, Canada, Canadian, Statistics Canada, Ottawa

☆ Canada's New Immigration Plan to Factor in Need to Bolster Housing and Services
▼ + stars: | 2023-10-31 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

By Wa LoneTORONTO (Reuters) - Canada will incorporate planning for housing, healthcare and other services into its a immigration strategy, Immigration Minister Marc Miller said on Tuesday, after posting its biggest population jump in almost seven decades. Statistics Canada has said the population grew by 2.9% in the 12 months to July 1, 2023, to more than 40 million. "We need to better align immigration programs systems and services with Canada's labor market," Miller told reporters. Canada's government is facing pressure to address concerns about targeting annual immigration at around 500,000 permanent residents by 2025 given the backdrop of an affordable housing crisis and escalating living costs. One key to the new strategy is to accelerate processing services for international student permits at institutions with better housing, services and other supports, the ministry said.

Persons: Marc Miller, Miller, we've, Wa, Steve Scherer, Sandra Maler Organizations: Wa Lone, Immigration, Statistics Canada Locations: Wa, Wa Lone TORONTO, Canada

☆ Cryptoverse: As good as gold? Spot bitcoin ETFs aim to whip up US demand
▼ + stars: | 2023-10-31 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +5 min

Mainstream investment giants such as BlackRock (BLK.N) and Fidelity, as well as crypto-focused firms like Grayscale, have filed applications for spot bitcoin ETFs. U.S. crypto firm NYDIG estimates demand for a spot bitcoin ETF at around $30 billion. Their calculation compares the sizes of the gold and bitcoin ETFs - $210 billion versus $28.8 billion, respectively - and adjusts them for their relative volatility. BlackRock declined to comment on its pending spot bitcoin ETF, other than to confirm that it is still awaiting final SEC approval. His forecast is based on how demand evolved in smaller markets where spot bitcoin ETFs already exist, such as Canada.

Persons: Dado, Dave Mazza, George Gagliardi, cryptocurrencies, bitcoin, Todd Sohn, Steven McClurg, Crypto, Matthew Sigel, Matthew Hougan, Steve Sosnick, Suzanne McGee, Ira Iosebashvili, Michelle Price Organizations: REUTERS, Roundhill Investments, Fidelity, U.S . Securities, Exchange, Coromandel Wealth Management, Strategas Securities, Boston Consulting, BlackRock, SEC, Bitwise Investments, Interactive, Thomson, Reuters Locations: U.S, BlackRock, Lexington , Massachusetts, Canada

☆ Palestinian Americans fundraise for Gaza, as aid groups receive record donations
▼ + stars: | 2023-10-31 | by ( Aurora Ellis | ) www.reuters.com time to read: +5 min

Aid organizations that serve civilians in Gaza say they are receiving record amounts of donations in a sign of public support for relief efforts even as a growing stock of supplies remain stalled at Egypt's Rafah border crossing. In the Gaza Strip, where 2.3 million people live, civilians are in dire need of clean water, food and medicine, emergency medics say. However, with a web of political and logistical obstacles on getting aid in, much of the money and supplies intended for Gaza is in limbo, forcing aid groups to wait as they amass truckloads of goods. Aid groups say they are building up supplies in hopes of eventually getting them through to civilians in Gaza, nearly half of whom are children. The majority of support comes from donors based in the United States, he added, with individual donations averaging around $138.

Persons: Aurora Ellis, Steve Sosebee, Derek Madsen, Anera, Rabia, Anera's Madsen, Basma Bsharat, Diane Craft, Rosalba O'Brien Organizations: REUTERS, Palestine Children's Relief, Israel, Palestine Aid Society, UNRWA, Hamas, Palestinian American, U.S, Thomson Locations: Gaza, Bay Ridge, Brooklyn , New York, U.S, United States, Israel, Rafah, Canada, Ann Arbor , Michigan, Palestine, Crescent, UN, Palestinian, Palestinian American, Brooklyn, Clifton , New Jersey

☆ Canada's new immigration plan to factor in need to bolster housing and services
▼ + stars: | 2023-10-31 | by ( Wa Lone | ) www.reuters.com time to read: +1 min

TORONTO, Oct 31 (Reuters) - Canada will incorporate planning for housing, healthcare and other services into its a immigration strategy, Immigration Minister Marc Miller said on Tuesday, after posting its biggest population jump in almost seven decades. Statistics Canada has said the population grew by 2.9% in the 12 months to July 1, 2023, to more than 40 million. "We need to better align immigration programs systems and services with Canada's labor market," Miller told reporters. Canada's government is facing pressure to address concerns about targeting annual immigration at around 500,000 permanent residents by 2025 given the backdrop of an affordable housing crisis and escalating living costs. One key to the new strategy is to accelerate processing services for international student permits at institutions with better housing, services and other supports, the ministry said.

Persons: Marc Miller, Miller, we've, Wa, Steve Scherer, Sandra Maler Organizations: TORONTO, Immigration, Statistics Canada, Wa Lone, Thomson Locations: Canada

☆ Bank of Canada says high rates, slow growth will impact govt spending
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

OTTAWA, Oct 30 (Reuters) - The Bank of Canada on Monday said higher interest rates and low growth will impact the federal government's budget spending and although the country's fiscal position is sustainable, expenditure should be contained to protect social programs. "Lower growth and higher interest rates will certainly impact on the government's budget," Governor Tiff Macklem told lawmakers in the House of Commons. "I don't think fiscal policy in Canada is in a situation where it's unsustainable. The bank said price risks were on the rise and inflation could exceed its 2% target for another two years. The bank increased rates 10 times between March 2022 and this July to tame inflation, which peaked at a four-decade high of 8.1% last year.

Persons: Macklem, Chrystia Freeland, Ismail Shakil, Steve Scherer, Jonathan Oatis, Marguerita Choy Organizations: OTTAWA, Bank of Canada, Finance, Thomson Locations: Canada, FES, Ottawa

☆ Canada Says Time Is Running Out for Humanitarian Pause in Gaza
▼ + stars: | 2023-10-30 | by ( Oct. | At P.M. | ) www.usnews.com time to read: 1 min

By Steve SchererOTTAWA (Reuters) - Canada's foreign minister on Monday reiterated a call for a humanitarian pause in the conflict in Gaza, and said there is little time left to get Canadians and hostages out while delivering badly needed aid. "Four hundred Canadians are trapped in Gaza, they are living in fear and despair... And that is why we need humanitarian pauses, a humanitarian truce, in Gaza," Foreign Minister Melanie Joly said in the text of a speech to the Economic Club of Canada in Toronto. We need an agreement from all parties to get foreign nationals out, including Canadians. And to allow food, fuel and water into Gaza," she said. (Reporting by Steve Scherer; editing by Jonathan Oatis)

Persons: Steve Scherer OTTAWA, Melanie Joly, Steve Scherer, Jonathan Oatis Organizations: Economic, of Canada Locations: Gaza, Toronto

☆ Canada says time is running out for humanitarian pause in Gaza
▼ + stars: | 2023-10-30 | by ( Steve Scherer | ) www.reuters.com time to read: +2 min

Damaged residential buildings are seen in the aftermath of Israeli strikes, near Al-Quds hospital in Gaza City October 30, 2023. REUTERS/Mohammed Al-Masri Acquire Licensing RightsOTTAWA, Oct 30 (Reuters) - Canada's foreign minister on Monday reiterated a call for a humanitarian pause in the conflict in Gaza, and said there is little time left to get Canadians and hostages out while delivering badly needed aid. "Four hundred Canadians are trapped in Gaza, they are living in fear and despair... And that is why we need humanitarian pauses, a humanitarian truce, in Gaza," Foreign Minister Melanie Joly said in the text of a speech to the Economic Club of Canada in Toronto. Israel's widening ground attacks on Gaza have spurred international calls for a "humanitarian pause" to allow aid in. In a wide-ranging policy speech, Joly also addressed tensions with India after Canada said Indian agents were linked to the murder of a Sikh separatist leader - and Canadian citizen - in British Columbia.

Persons: Mohammed Al, Masri, Melanie Joly, Joly, " Joly, Steve Scherer, Jonathan Oatis Organizations: REUTERS, Rights OTTAWA, Economic, of Canada, Thomson Locations: Al, Quds, Gaza City, Gaza, Toronto, Israel, Qatar, Egypt, United States, India, Canada, British Columbia

☆ Saskatchewan vows to stop collecting Canada's carbon tax on heating
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

Saskatchewan Premier Scott Moe is seen as Canada's provincial premiers meet in Toronto, Ontario, Canada December 2, 2019. If the federal government does not extend the exemption, Saskatchewan "will stop collecting and submitting the carbon tax on natural gas" starting on Jan. 1. Alberta Premier Danielle Smith has also complained that her province was not included in the carbon tax pause on heating. Conservative opposition leader Pierre Poilievre is holding rallies to "axe" the carbon tax, a message that has resonated amid high inflation. Saskatchewan and other provinces had previously challenged the legality of the carbon tax and lost in a ruling by the Supreme Court.

Persons: Scott Moe, Carlos Osorio, Justin Trudeau, Moe, Danielle Smith, Doug Ford, Pierre Poilievre, Poilievre, Trudeau, Steve Scherer, Tomasz Janowski, Sandra Maler Organizations: Saskatchewan, REUTERS, Rights OTTAWA, Alberta, Ontario, Conservative, Supreme, Thomson Locations: Toronto , Ontario, Canada, Canadian, Saskatchewan, Ottawa, Atlantic, Atlantic Canada, Maritime

☆ Mike Johnson is the first Republican House speaker from the South since Newt Gingrich, putting the region back in the driver's seat of GOP politics
▼ + stars: | 2023-10-29 | by ( John L. Dorman | ) www.businessinsider.com time to read: +6 min

Rep. Mike Johnson's ascent to the House speakership last week took most in the GOP by surprise. He's now the first House speaker from the South since Newt Gingrich held the gavel in the 1990s. "This happened sort of suddenly," the Louisiana Republican said last Wednesday after succeeding Rep. Kevin McCarthy of California as speaker and as the new leader of the House GOP conference. Rep. Mike Johnson takes the oath of office to become the next House speaker on October 25, 2023. Challenges to Republican-drawn congressional districts across the South could give Democrats a significant opening to flip the House in 2024.

Persons: Mike Johnson's, He's, Newt Gingrich, —, couldn't, Kevin McCarthy of, Johnson, Bill Clinton, Sen, Mitch McConnell, Joe Biden, Mike Johnson, Alex Brandon Cue McConnell, Steve Scalise, Gingrich —, Drew Angerer, Gingrich, Donald Trump, Kim Chandler, McCarthy Organizations: GOP, Service, Louisiana Republican, Southern Republican, Republican, White House, House Republicans, AP, Democratic, Kentucky Locations: Washington, Louisiana, Kevin McCarthy of California, Georgia, Kentucky, Southern, Ukraine, New York, Chicago, Denver, Johnson's, Kim Chandler In Alabama, Black, Alabama's, Florida, Arkansas, South Carolina , Tennessee

☆ A top South Carolina Democratic official dismisses Dean Phillips' presidential bid as 'not serious,' says the Minnesota lawmaker has not yet contacted the party in the key early-voting state
▼ + stars: | 2023-10-28 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

But Christale Spain, the SC Democratic Party chair, told Politico he had not yet contacted Dems in the state. AdvertisementAdvertisementSpain said that Phillips had not yet spoken with Democrats in South Carolina, which she said was a sign that he's "not serious." "Any serious Democratic candidate … would understand that Black voters in South Carolina have been the backbone of the Democratic Party," she told the publication. (The change has caused a major rift with New Hampshire's claim as the first primary state by law.) (Steve Schmidt, the former GOP strategist now advising Phillips, told Politico that the campaign would "cede" the state to Biden.)

Persons: Dean Phillips, Joe Biden, Phillips, —, Joe Biden wasn't, Biden, Spain, …, Steve Schmidt Organizations: SC Democratic Party, Politico, Dems, Service, Minnesota, Democratic, New, South Carolina Democratic, Democratic Party, South, South Carolina —, DNC, GOP, Biden Locations: Spain, Washington, New Hampshire, South Carolina, Nevada, president's State

☆ Man missing at sea for nearly 2 weeks found alive in life raft off Washington coast
▼ + stars: | 2023-10-28 | by ( Raja Razek | ) edition.cnn.com time to read: +2 min

CNN —One of two men missing at sea for nearly two weeks was found alive on Thursday by a Canadian fishing boat in a life raft in Canadian waters, approximately 70 miles northwest of Cape Flattery, Washington, according to US Coast Guard spokesperson Petty Officer Steve Strohmaier. A lot of times, it is pretty infrequent to have a vessel passing by.”On Sunday afternoon, the Coast Guard was alerted to a missing fishing vessel that had departed the Washington coast on October 12 and was due back on October 15. “They left from Westport, Washington,” Strohmaier said. “They were due back on the 15th, and a week later, the Coast Guard was made aware.”The man was found by a Canadian fishing boat “in Canadian waters, and from that, the good Samaritan vessel radioed the Canadian Coast Guard. When he went to the hospital, he was reported to be in stable condition.”At this time, another person remains missing and the incident remains under investigation, according to the US Coast Guard.

Persons: Steve Strohmaier, ” Strohmaier, ”, “, …, Strohmaier Organizations: CNN, US Coast Guard, Coast Guard, Canadian Coast Guard, “ USCG Locations: Canadian, Washington, Westport , Washington

☆ Fisherman Last Sighted Two Weeks Ago Rescued at Sea
▼ + stars: | 2023-10-28 | by ( Rebecca Carballo | More About Rebecca Carballo | ) www.nytimes.com time to read: +1 min

Canadian fishermen help hoist a man wearing a green hat and a blue plaid shirt onto a Canadian Coast Guard rescue boat that has pulled alongside them. As the man steadies himself, he turns around and says, “Thanks a lot guys,” then waves as the Coast Guard boat pulls away. “That’s one for the books,” one of the men on the fishing boat says. The men, who had departed on a 43-foot fishing boat called the Evening, had been scheduled to return Oct. 15. One of the men’s daughters alerted the U.S. Coast Guard on Oct. 22 that her father had never returned home.

Persons: steadies, “, Steve Strohmaier Organizations: Canadian Coast Guard, Coast Guard, U.S . Coast Guard Locations: Westport, Washington’s Grays Harbor County, U.S . Coast Guard Pacific

VANCOUVER, British Columbia (AP) — A Canadian fishing boat rescued an American man one day after the U.S. Coast Guard ended its search for a missing commercial fishing boat from Washington state with two people board, authorities said. U.S. Coast Guard Petty Officer Steve Strohmaier said the Canada-based Ocean Sunset spotted a covered life raft drifting in open ocean about 75 kilometers (46 miles) off the west coast of Vancouver Island on Thursday. Strohmaier said the Ocean Sunset's crew found the man conscious on the raft, which was from the Evening fishing boat based in Gray's Harbor, Washington. The man was taken to shore by the Canadian Coast Guard and was reported in stable condition. Strohmaier said Coast Guard officials hoped to speak with the survivor soon to determine whether to renew the search.

Persons: Steve Strohmaier, Strohmaier Organizations: British Columbia, U.S . Coast Guard, . Coast Guard, Canadian Coast Guard, Coast Guard Locations: VANCOUVER, British, Canadian, Washington, Canada, Vancouver, Gray's Harbor , Washington, U.S, Gray’s Harbor

CONCORD, N.H. (AP) — For months, Dean Phillips has been calling for a Democratic primary challenge to President Joe Biden. Asked by CBS News in an interview posted late Thursday if he was running for president, Phillips responded: “I am. I have to.”“I think President Biden has done a spectacular job for our country,” he said. New Hampshire has refused to comply, citing state laws saying its primary must go first, and plans a primary before South Carolina’s. “To do well in the New Hampshire primary, you have to have a message.”There are no primary debates scheduled, according to the DNC.

Persons: Dean Phillips, Joe Biden, He's, Phillips, ”, Biden, Ray Buckley, “, Karine Jean, Pierre, ” Buckley, won’t, Donald Trump, “ we're, Democratic Sen, Eugene McCarthy, Lyndon Johnson, Massachusetts Sen, Ted Kennedy's, Jimmy Carter, Pat Buchanan's, George H.W, Bush, Carter, Steve Shurtleff, I’m, ” Shurtleff, “ It’s, Joe, Terry Shumaker, Shumaker, Marianne Williamson, Robert Kennedy Jr, Talenti, Pauline Phillips, Abby, Erik Paulsen, ” Phillips, ” It's, Nancy Pelosi, Pelosi, he's, Trump, Leslie Blanding, Blanding, ” ___ Weissert, Steve Peoples, Steve Karnowski Organizations: CONCORD, Democratic, New Hampshire statehouse, CBS News, New Hampshire Democrats, Democratic National Committee, White, Biden, Trump, CBS, Biden's, DNC, New Hampshire House, AP, Associated Press Locations: N.H, Minnesota, Concord, New Hampshire, ”, Hampshire, Vietnam, forgoing, Massachusetts, Carolina, Nevada, South Carolina’s, Minneapolis, U.S, Bow , New Hampshire, Washington, New York

About half say they currently have credit card debt, 4 in 10 are dealing with auto loans, and about one in four have medical debt. Relatively few Americans say they’re very or extremely confident that they could pay an unexpected medical expense (26%) or have enough money for retirement (18%). Only about one-third are extremely or very confident their current financial situation will allow them to keep up with expenses, though an additional 42% say they’re somewhat confident. About 3 in 10 Americans say they've foregone a major purchase because of higher interest rates in the last year. People with higher levels of education or higher household incomes are more likely than Americans overall to evaluate their finances as solid.

Persons: Steve Shapiro, he’d, ”, I’m, Tracy Gonzales, Gonzales, she's, “ I’ve, Shapiro, Will Clouse, “, Geri Putnam, ” Putnam, it’s, she'd, Biden Organizations: Associated Press, NORC, for Public Affairs Research, Republicans, U.S, Social Security Locations: Pittsburgh, San Antonio , Texas, U.S, Westlake , Ohio, Thomson , Georgia, Ohio

☆ Who is Mike Johnson, the new Republican US House Speaker?
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +3 min

WASHINGTON, Oct 25 (Reuters) - U.S. Representative Mike Johnson has been elected by his fellow Republicans to serve as speaker of the House of Representatives, after three weeks of turmoil and three failed candidates. Prior to Congress, Johnson was a lawyer who mainly worked on religious freedom issues, successfully defending Louisiana's same sex marriage ban in 2004. U.S. Rep. Mike Johnson (R-LA), the latest House Republican nominee for House Speaker, reacts to former Speaker nominee and current House Majority Leader Steve Scalise (R-LA) voting for Johnson during another round of voting to pick a new Speaker of the U.S. House of Representatives at the U.S. Capitol in Washington, U.S., October... Acquire Licensing Rights Read moreHe opposes same sex marriage and introduced a bill in 2022 that would have banned schools from promoting or discussing gender identity. LEADERSHIP EXPERIENCEJohnson served as chair of the conservative Republican Study Committee and was elected vice-chair of the conference, but otherwise has no leadership experience - a potential hindrance as he enters into negotiations with the Democratic-controlled Senate and the White House. RELATIONSHIP WITH TRUMPJohnson is an avowed supporter of Trump, as evidenced by his support for Trump's attempts to overturn the 2020 election.

Persons: Mike Johnson, Johnson, CONSERVATIVE Johnson, Donald Trump's, Steve Scalise, TRUMP Johnson, Trump, Mike Johnson's, Moira Warburton, Alistair Bell Organizations: Republican, Louisiana Baptist Message, Louisiana statehouse, Congress, CONSERVATIVE, Trump, U.S . Rep, U.S . House, U.S, Capitol, Russia, Ukraine, Democratic, White, Thomson Locations: Shreveport, Louisiana's, Louisiana, Washington , U.S, UKRAINE, Ukraine, Washington

☆ Wall Street strategist and '10 Surprises' author Byron Wien dies at 90
▼ + stars: | 2023-10-26 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

Byron Wien, Vice Chairman of Private Wealth Solutions group, speaks during the Reuters Global Investment 2019 Outlook Summit, in New York, U.S., November 13, 2018. Wien built his wide following on Wall Street during two decades at investment bank Morgan Stanley (MS.N) where he rose to be the firm's chief investment strategist of the United States. Soon after, at age 76, when most people were enjoying retirement, Wien joined private equity firm Blackstone to offer direction and guidance. "My wife hopes I give this up as soon as possible," Wien told the New York Times about writing it. He told the New York Times in 1985 "I'm not sure I can do this job," about the strategist role at Morgan Stanley.

Persons: Byron Wien, Brendan McDermid, Wien, Morgan Stanley, Blackstone, Steve Schwarzman, Jon Gray, I'm, Svea Herbst, Bayliss, Chris Reese Organizations: Wealth Solutions, Reuters, REUTERS, Blackstone Inc, Wien, Pequot Capital Management, Blackstone, U.S, New York Times, Harvard, Svea, Thomson Locations: New York, U.S, United States, China, Wien

☆ Dean Phillips launches primary challenge against President Biden
▼ + stars: | 2023-10-26 | by ( Arit John | ) edition.cnn.com time to read: +10 min

CNN —Minnesota Rep. Dean Phillips announced Thursday that he is running for president, kicking off a long-shot Democratic primary challenge to President Joe Biden. “I think President Biden has done a spectacular job for our country, but it’s not about the past. Phillips is expected to formally announce his campaign Friday in Concord, where he’ll file to run in New Hampshire’s Democratic primary. Biden will not file to appear on the New Hampshire Democratic primary ballot because the state isn’t complying with the national party’s revised nominating calendar, which demoted its first-in-the-nation primary status to second. And it all points to the same thing,” Phillips told CNN after he stepped down from leadership.

Persons: Dean Phillips, Joe Biden, “, Biden, ” Phillips, Phillips, Jeff Zients, Biden “, ”, Zients, —, Steve Schmidt, Schmidt, George W, Bush, Arizona Sen, John McCain, ‘ I’m Dean Phillips, ” Schmidt, he’ll, Gavin Newsom, Gretchen Whitmer, Abigail Van Buren, Abby, ” Phillips ’, he’s, Ron Harris, I’m, Trump, Biden —, Kamala Harris, That’s, Marianne Williamson, Robert F, Kennedy Jr, Donald Trump, Kennedy, hasn’t, Karine Jean, Pierre, CNN’s Jeff Zeleny, Arlette Saenz, David Wright Organizations: CNN, Minnesota, Democratic, CBS News, House Democratic, Biden, White House, New Hampshire Democratic, New Hampshire Democrats, New, GOP, California Gov, Michigan, Democratic National Committee, Palmetto, South Carolina Democratic, Affordable, Communications Committee, Granite State, Democratic Party, Incumbents, Environmental, Republicans, Allies Locations: Concord, New, AdImpact, New Hampshire, Arizona, Washington, California, South Carolina, “ South Carolina, Spain, Minnesota, Twin Cities, ”, New York, Ohio, Granite

WASHINGTON (AP) — Republican Mike Johnson is the new speaker of the House, but the ally of Donald Trump inherits many of the same political problems that have tormented past GOP leaders, tested their grasp of the gavel and eventually chased them out of office. But the goodwill toward Johnson blurs the political fault lines challenging the Louisianan's ability to lead the GOP majority as it faces daunting issues ahead. While not the party's top choice for the gavel, the deeply religious and even-keeled Johnson has few foes and an important GOP backer: Trump. In the House, far-right members had refused to accept a more traditional speaker, and moderate conservatives didn't want a hard-liner. A lawyer specializing in constitutional issues, Johnson had rallied Republicans around Trump’s legal effort to overturn the 2020 election results.

Persons: Mike Johnson, Donald Trump, Kevin McCarthy, Johnson, Joe Biden, Biden, ” Johnson, “, ” Trump, “ He’s, ” Biden, it’s, didn't, Matt Gaetz, McCarthy, Democrat Biden, MAGA, ”, Suzan DelBene, Israel ”, John Boehner, Paul Ryan, Newt Gingrich, Tom Emmer, Jim Jordan, Steve Scalise, Jill Colvin, Darlene Superville Organizations: WASHINGTON, —, GOP, Republican, Trump, Democrat, “ Republicans, Democrats, Lawmakers, Republicans, Hamas, Jordan’s, Associated Press Locations: Israel, Ukraine, York, Washington, Russia, Louisiana, New York

☆ Trump’s Extremists Are Now In Charge of the House - The New York Times
▼ + stars: | 2023-10-26 | by ( The Editorial Board | ) www.nytimes.com time to read: +3 min

Mr. Johnson was “the most important architect of the Electoral College objections” to Mr. Trump’s loss in 2020, as a New York Times investigation found last year. Mr. Johnson now refuses to talk about his leading role in that shameful drama. At the end of September, he voted against the stopgap spending measure negotiated by Mr. McCarthy that prevented a government shutdown. Two other Republican speaker candidates, Tom Emmer and Steve Scalise, also voted for it — and were also vetoed by the extreme right. Mr. Johnson now says he would support another temporary stopgap to give the House time to pass drastic spending cuts.

Persons: Johnson, Mr, McCarthy, Trump, torpedoing, ”, “, Tom Emmer, Steve Scalise, Jim Jordan Organizations: Mr, Electoral, New York Times, Capitol, ABC News, Republican, Democratic, Republicans

☆ Wall Street warning: Ray Dalio, Jamie Dimon, Larry Fink issue grim outlooks for the global economy
▼ + stars: | 2023-10-25 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Ray Dalio, Jamie Dimon, David Solomon, Larry Fink, and Steve Schwarzman all shared their views. They tackled topics such as inflation, recession, the Israel-Hamas war, and commercial real estate. JPMorgan CEO Jamie Dimon, BlackRock CEO Larry Fink, Goldman Sachs CEO David Solomon, Blackstone CEO Steve Schwarzman, and Bridgewater Associates founder Ray Dalio all shared their views. They touched on everything from the Israel-Hamas conflict and pressures on commercial real estate to inflation, interest rates, fiscal and monetary policies, and the risk of recession. David SolomonThe Goldman Sachs chief recalled the boom in mergers and acquisitions coming out of the pandemic, as massive amounts of fiscal stimulus and rock-bottom interest rates fueled "extreme confidence."

Persons: Ray Dalio, Jamie Dimon, David Solomon, Larry Fink, Steve Schwarzman, —, Goldman Sachs, Blackstone, Dalio, Dimon, Fayez Nureldine, David Solomon The Goldman Sachs, that's, Solomon, Fink, aren't, he's, we'll, Schwarzman Organizations: Service, Future Investment Initiative, Tuesday, JPMorgan, BlackRock, Bridgewater Associates, Getty Locations: Saudi Arabia, Israel, Russia, Ukraine, Riyadh, AFP

☆ Meet Rep. Mike Johnson, the latest GOP speaker nominee who introduced the national version of Florida's 'Don't Say Gay' law and played a key role in Trump's efforts to overturn the 2020 election
▼ + stars: | 2023-10-25 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

Rep. Mike Johnson of Louisiana is the 4th GOP nominee for speaker in 3 weeks. He's a staunch social conservative who introduced a bill similar to Florida's "Don't Say Gay" law. He also moonlights as a Liberty University professor and spearheaded efforts to overturn the 2020 election. AdvertisementAdvertisementFollowing three failed speakership bids in three weeks, House Republicans have now chosen Rep. Mike Johnson of Lousiana to be their latest nominee for speaker of the House. Emmer was ultimately the party's nominee for just over four hours before he withdrew on Tuesday.

Persons: Mike Johnson of, He's, —, Mike Johnson, Lousiana, Johnson, who's, Louisiana Rpeublican, Tom Emmer's, Donald Trump, Emmer, Jim Jordan of, Steve Scalise Organizations: GOP, Liberty University, Service, Republicans Locations: Mike Johnson of Louisiana, Louisiana, Jim Jordan of Ohio

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