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Washington CNN —President Joe Biden is increasing tariffs on $18 billion in Chinese imports across a handful of sectors deemed strategic to national security – an attempt to cripple Beijing’s development of critical technologies and instead prioritize US production. The increases will apply to imported steel and aluminum, legacy semiconductors, electric vehicles, battery components, critical minerals, solar cells, cranes and medical products. That same trade law also requires the effectiveness of such tariff programs to be evaluated every four years, and the Biden administration decision is the result of that study. “China can’t be the only country that produces clean technology for the world we need,” a senior administration official said. The Chinese government, Biden argued, is providing state money to Chinese steel companies to make more steel than the economy demands, pushing down the price and making it impossible for other companies to compete.
Persons: Joe Biden, , , Lael Brainard, “ China’s, Donald Trump, Biden, Wang Wenbin, Trump, Janet Yellen, Antony Blinken, “ They’re, ” Biden, Sam Fossum Organizations: Washington CNN, White, National Economic Council, CNN, Biden, Trade Organization, Brookings Institute, United Steelworkers, Trump, China’s Ministry, Commerce Locations: China, Beijing, Europe, Brazil, Turkey, Pittsburgh, Midwest
Warnings continued against the growing offensive in Rafah, considered the last refuge in Gaza for more than a million civilians as well as Hamas' last stronghold. The two towns near Gaza's northern border with Israel were heavily bombed in the opening days of the war. Israel has now evacuated the eastern third of Rafah, and Hagari said dozens of militants had been killed there as "targeted operations continued." Israeli troops have captured the Gaza side of the Rafah crossing, forcing it to shut down. Smoke billows after Israeli bombardment in central Gaza City on March 18, 2024, amid the ongoing battles between Israel and the militant group Hamas.
Persons: Antony Blinken, Israel, Volker Turk, Benjamin Netanyahu, Hatem Khaled, Netanyahu, Abdel, Kareem Radwan, Daniel Hagari, Ben Caspit, Khan Younis, Hagari Organizations: Hamas, Afp, Getty, U.S, CBS, International Court of Justice, United Nations, Palestinian Authority, West Bank, Health Ministry, Palestinian Civil Defense, Al Qahera News Locations: Rafah, Gaza, Israel, RAFAH, Egypt, South, United States, Palestinian, Gaza City, Jabaliya, Beit Lahiya, Gaza's, Hamas, Israel's
Read previewThe US miscalculated when it imposed harsh sanctions on Russia, and not only has Vladimir Putin's economy weathered the impact, but the West is facing the negative effects of the economic restrictions it imposed. Food and energy prices have soared since the West imposed sanctions on Russia, he noted partly because Russia is one of the world's largest exporters of oil and grain. Even the US dollar may end up worse off due to sanctions, Rubin said. Russia's trade with China, for instance, has nearly completely phased out the dollar, Russian officials said last year. "Sanctioning the ruble and confiscating a third of the Russian central bank's foreign reserves was supposed to cripple the Russian economy.
Persons: , Vladimir, Jeff Rubin, " Rubin, crimp, Rubin, Putin Organizations: Service, Business, The Globe, Federal Reserve Board, Bank of Canada Locations: Russia, Ukraine, China, Russian
Russia's oil revenue soared by 90% in April compared to the previous year, Bloomberg reported. The rise comes as sanctions have struggled to curb Russian energy flows since the war in Ukraine began. AdvertisementThe major funding sources for Vladimir Putin's invasion of Ukraine — the country's oil and gas revenues —doubled in April despite sanctions. Bloomberg data also indicates Moscow will see approximately $126 billion in oil and gas tax revenue in 2024. That said, Bloomberg reported that April's oil and gas revenue to Russia's budget still dropped by about 6.4% compared to March, primarily due to substantial subsidies to the nation's fuel producers.
Persons: , Vladimir Putin's, Bloomberg Organizations: Bloomberg, Service, Russia's Federal Tax Service, Bloomberg Economics Locations: Ukraine, Russia's, Russia, Moscow, China, India, Persian
Why does the US not have federal AI regulation? Biden signed the executive order on "Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence" near the end of 2023. Another challenge comes from AI experts and researchers choosing private sector jobs instead of ones in the government, a kind of "brain drain," Zhang said. "Less than 40% go to government looking to create all those AI regulations and governance structures." AdvertisementThe vast majority of AI experts end up working in the private sector rather than for universities or federal governments.
Persons: , hasn't, Joe Biden, Trump, Kevin McCarthy, Biden, I'm, Jason Green, Lowe, It's, Sen, Martin Heinrich, Sam Altman, Bill O'Leary, Rebecca Finlay, Finlay, we're, she's, Daniel Zhang, Zhang, Drew Angerer, That's, there's Organizations: Service, White, Business, Bills, Republican, Artificial Intelligence, Federal Government, Science & Technology, Congress, Microsoft, Google, Defense, Center, Senate, Washington, Getty, Stanford Institute for, AI, Stanford's, for, Biden Locations: Silicon Valley, Korean, Washington , DC, Congress, North America
Read previewWestern sanctions are straining Russia's ability to fight in Ukraine, even if its war economy appears resilient and its output seems largely unfazed, a think tank expert said. Related storiesAlready, this order has put off lenders in India, China, Turkey, and the United Arab Emirates from working with Russia, Blank said. Individual sanctions have also targeted vessels carrying Russian crude above the Western $60-barrel price cap, reducing the Kremlin's ability to trade. With fewer available tankers, freight costs have climbed, and the discount Russia has offered on its oil has eroded. That's caused India to increasingly look elsewhere for crude, despite being the biggest buyer of seaborne Russian oil in 2023.
Persons: , Stephen Blank, it's, Blank Organizations: Service, Center for, Business, Foreign Policy Research Institute, Treasury Department, CEPA, United, United Arab Emirates, West Locations: Ukraine, North Korea, Iran, India, China, Turkey, United Arab, Russia, Austrian, Moscow, Beijing
Nearly six months since it began, Israel’s war in Gaza is dragging on. So, too, is the tenure of Prime Minister Benjamin Netanyahu. To his allies, Mr. Netanyahu’s refusal to agree to a cease-fire in Gaza is a necessary one, made in the national interest and backed by many Israelis. To his critics, the prime minister is dragging out the war to prevent the collapse of his fragile right-wing coalition and extend his time in office. Israel’s longest-serving prime minister, Mr. Netanyahu has long been portrayed as a vacillator who prefers to delay decisions for as long as possible so that he can keep all of his options open.
Persons: Benjamin Netanyahu, Netanyahu’s, President Biden, Israel’s, Netanyahu Locations: Gaza, Israel
New Delhi CNN —India’s Ministry of External Affairs summoned a US State Department official after the department called for a fair legal process for opposition leader and Delhi chief minister Arvind Kejriwal following his arrest last week. “We take strong objection to the remarks of the Spokesperson of the US State Department about certain legal proceedings in India,” the Ministry said in a statement Wednesday. The Ministry of External Affairs on Wednesday summoned Gloria Berbena, the State Department Minister-Counselor for Public Diplomacy, according to a diplomatic officer with knowledge of the matter. At a briefing later on Wednesday, State Department spokesperson Matthew Miller declined to discuss “private diplomatic conversations” when asked about Berbena’s summoning, but stood by the department’s previous comments. India’s main opposition, the Indian National Congress, has also accused the BJP of using the tax department to “cripple” their finances.
Persons: Arvind Kejriwal, Gloria Berbena, Matthew Miller, ” Miller, Kejriwal, Modi, Narendra Modi’s, Kejriwal’s, Organizations: New, New Delhi CNN — India’s, External Affairs, US State Department, Affairs, State Department, Public Diplomacy, State, Aam Aadmi Party, Indian National Congress, Human Rights, Amnesty, India Locations: New Delhi, Delhi, India
Unable to serve an administration that enables such atrocities, I have decided to resign from my position at the Department of State. Whatever credibility the United States had as an advocate for human rights has almost entirely vanished since the war began. By resigning publicly, I am saddened by the knowledge that I likely foreclose a future at the State Department. Yet just recently, the State Department ascertained that Israel is in compliance with international law in the conduct of the war and in providing humanitarian assistance. After four years of then-President Donald Trump’s efforts to cripple the department, State employees embraced Biden’s pledge to rebuild American diplomacy.
Persons: Sheline, Israel, Annelle, , Biden, Joe Biden, Yitzhak Brick, , Donald Trump’s, Aaron Bushnell, Jim Crow Organizations: Eastern Affairs, Department of State’s Bureau of Democracy, Human Rights, Labor, CNN, Gaza Ministry, Health, UN, West Bank, International Court of Justice, Department of State, United, Protect Journalists, State Department, State, Department, US, Feds United, Peace, Ukraine, Twitter, Facebook, Air Force, Embassy Locations: Israel, Gaza, Rafah, United States, Lebanon, harm’s, Washington
A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. When asked by Representative Michael McCaul if SMIC broke U.S. export rules to produce the sophisticated chip, Alan Estevez, who oversees export policy, said "potentially yes. Questions have surfaced about whether SMIC illegally obtained U.S. tools to make the chip. That comes amid growing pressure from China hardliners to take action against the two companies since Huawei unveiled a new phone powered by a sophisticated chip manufactured at SMIC in August. When asked about SMIC's ability to produce the chip for Huawei using American tools, Estevez said, "I can't talk about any investigations that may or may not be going.
Persons: Biden, SMIC, Michael McCaul, Alan Estevez, Estevez, Trump, Donald Trump Organizations: Semiconductor Manufacturing International Corporation, Visual China, Getty, Commerce Department, Huawei, SMIC Locations: Beijing, China
CNN —Russian President Vladimir Putin told government officials on Thursday that space projects, including setting up a nuclear power unit in space, should be a priority and get proper financing, according to state news agency TASS. “We need to finance it on time,” Putin said, according to TASS. The news comes after sources told CNN last month that Russia is trying to develop a nuclear space weapon that could potentially cripple a vast swath of commercial and government satellites. The weapon is still under development in Russia and is not yet in orbit, Biden administration officials have emphasized publicly. But if used, officials say, it would cross a dangerous rubicon in the history of nuclear weapons and could cause extreme disruptions to everyday life in ways that are difficult to predict.
Persons: Vladimir Putin, Russia “, ” Putin, , Yuri Borisov, Biden Organizations: CNN, TASS, , Space Corporation, China National Space Administration, Research Locations: Russia, China
In fact, about 1 in 5 workers have borrowed or withdrawn money from retirement accounts, according to a recent survey from SoFi. In a narrow set of circumstances, it can be a smart financial move, says Jared Friedman, a certified financial planner and partner at Redwood Financial Planning in Scotch Plains, New Jersey. How 401(k) loans workThe specifics of a 401(k) loan will vary from employer to employer, but here's how they generally work. Like most loans, you'll be charged a rate of interest. And while money in your 401(k) is put in pre-tax, the money you pay back is in post-tax dollars.
Persons: doesn't, Anne Lester, Jared Friedman, Friedman, you'll, haven't Organizations: CNBC, Redwood Financial Locations: SoFi, Scotch Plains , New Jersey
"That's an extraordinary power, and Putin did it effectively, making sure it wound up in the news." AdvertisementThe display of power by the Russian state, while jarring, is not out of the norm for Putin's regime, which has been accused of assassinations abroad for decades. Both Navalny's and the pilot's deaths fit Putin's playbook to a T, exemplifying the lengths to which the Russian regime will go to maintain the illusion of total power, Schmidt said. AdvertisementFor years, Navalny represented the most formidable threat to Putin's regime, criticizing corruption in the Russian state and organizing powerful anti-Kremlin protests. AdvertisementNavalny's death shows Putin is easily threatenedThe two experts said Navalny's death, rather than simply displaying Putin's power, actually highlighted his weakness.
Persons: , Vladimir Putin, Alexey Navalny, Putin's, Putin, Matthew Schmidt, Schmidt, Navalny, Simon Miles, Miles, Robert English Organizations: Service, Business, The University of New Haven, US Army's School, Advanced Military Studies, Russia's Federal Prison Service, Kremlin, Duke University's Sanford School of Public, Soviet Union, University of Southern Locations: Ukraine, Russian, Spain, Russia, Avdiivka, Russia's, Soviet, Moscow, University of Southern California, Soviet Union, Eastern Europe
Putin looms over a third successive US election
  + stars: | 2024-02-22 | by ( Stephen Collinson | ) edition.cnn.com   time to read: +12 min
CNN —“Russia, Russia, Russia.”Ex-President Donald Trump’s scathing catch phrase for a torrent of investigations during his administration also serves as an apt catch-all for the current meltdown over Moscow roiling US politics. But Russia and its leader, whom President Joe Biden described as a “crazy S.O.B.” at a Wednesday fundraiser, won’t go away. All the ways Putin is playing in US politicsPutin is advancing Russian interests against the US on multiple fronts. Putin recently formalized his warming ties with North Korean tyrant Kim Jong Un by presenting him with a new limousine. The Russian leader was particularly incensed by the US-led operation to topple Libyan leader Moammar Gadhafi in 2011.
Persons: CNN —, , Donald Trump’s, Joe Biden, won’t, Vladimir Putin, Putin, Ukraine –, , Alexander Smirnov, , Trump, Smirnov, Biden, it’s, Putin can’t, ” Douglas, Alexey Navalny, Biden lambasts Trump, ” Biden, Volodymyr Zelensky, Ronald Reagan, Mikhail Gorbachev, he’s, he’d, Mike Turner, Ksenia, Paul Whelan –, Evan Gershkovich, Geopolitically, Kim Jong Un, George W, Bush, Barack Obama, Moammar Gadhafi, Hillary Clinton, Robert Mueller, “ We’ll, Mueller Organizations: CNN, Kremlin, United States, European NATO, , Moscow, House Republicans, GOP, CIA, NATO, Republican Party, Republicans, Republican, Trump, Marine, Wall Street, Putin, Biden, US, Democratic Locations: Russia, Moscow, United States, China, Soviet, East Germany, United, Ukraine, Russian, European, Washington, Asia, Sweden, Finland, Berlin –, Europe, Ukrainian, California, North Korea, Iran, Crimea, Helsinki, Geneva
The Latest Photos From Ukraine View All 91 ImagesAnalysts tracking Russia's space programs say the space threat is probably not a nuclear warhead but rather a high-powered device requiring nuclear energy to carry out an array of attacks against satellites. The Kremlin on Thursday dismissed a warning by the United States about Moscow's new nuclear capabilities in space, calling it a "malicious fabrication". Exploding a nuclear weapon in space would be another matter entirely. "If they do (detonate a nuclear device in space), they’d lose everything. James Acton, a nuclear expert at the Carnegie Endowment for International Peace think tank, said for Russia to put a nuclear weapon in orbit would be a "blatant violation of the Outer Space Treaty."
Persons: Joey Roulette, Arshad Mohammed WASHINGTON, Mike Turner, Antony Blinken, Daryl Kimball, Brian Weeden, Weeden, James Acton, Acton, Arshad Mohammed, Don Durfee, Jonathan Oatis Organizations: U.S . House, Reuters, Washington, U.S, Arms Control Association, U.S . Defense Intelligence Agency, Secure, Foundation, Carnegie Endowment, International Peace Locations: Russia, Russian, United States, U.S, China, India, Ukraine, Washington, Saint Paul , Minnesota
These are among the reasons why there was alarm this week over reports that Russia may be pursuing nuclear weapons in space. So much of the country's infrastructure is now dependent on U.S. satellite communications — and those satellites have become increasingly vulnerable. Photos You Should See View All 33 ImagesTHE PAST: STARFISH PRIME AND PROJECT KBoth Russia and the U.S. have detonated nuclear warheads in space. The U.S. and the Soviet Union signed a nuclear test ban treaty a year later, in 1963, which prohibited further testing of nuclear weapons in space. The creation of the Space Force elevated spending on satellite systems and defenses.
Persons: Stephen Schwartz, Ariel, Hans Kristensen, ” Kristensen, John Kirby, John Ferrari, DeAnna Burt, Pat Ryder, Ferrari, ” Ferrari Organizations: WASHINGTON, Aviation, Russia, U.S, of Atomic Scientists, Starfish Prime, of Defense, Radio, Federation of American Scientists, Soviet Union, House, American Enterprise Institute, U.S . Space Force, NRO, National Reconnaissance Office, Pentagon, Space Force, Defense Department Locations: Russia, China, U.S, Hawaii, British, Ukraine
Basel III proposals would cripple commercial property financing, MBA CEO Bob Broeksmit said. "Basel III could be the end of bank real-estate finance as we know it," Broeksmit said. Basel III could be the end of bank real-estate finance as we know it," Broeksmit said at the CREF 24 conference in San Diego on Monday. This isn't the first time Basel III has raised alarms, and some groups outside of the banking industry have also criticized the proposals as too stifling. Consumer groups last month joined the chorus of bankers in calling for the rejection of the Basel III proposal over fears that it would strangle credit availability for underserved borrowers.
Persons: Bob Broeksmit, Broeksmit, , They're Organizations: Service, Mortgage Bankers Association, Consumer, Basel III Locations: Basel, San Diego, Washington ,
ISLAMABAD (AP) — Allies of imprisoned Pakistani ex-premier Imran Khan won more seats in national elections than the political parties who ousted him from power nearly two years ago, according to a final tally of results published Sunday. Khan, who was kicked out of office through a no-confidence vote in parliament in 2022, has been in prison since last August. The final tally showed that independent candidates secured 101 out of 266 seats in the National Assembly, or lower house of parliament. The Pakistan People’s Party, or PPP, led by Bilawal Bhutto-Zardari, came in third with 54 seats. By Friday evening, seeing his party trail behind the independent candidates backed by Khan, he spoke of alliances and joining hands.
Persons: Imran Khan, Khan, Nawaz Sharif, Bilawal Bhutto, Zardari, Sharif, establishment's Organizations: , PTI, Supreme, National Assembly, Pakistan Muslim League, Pakistan People’s Party, PML Locations: ISLAMABAD, Pakistani, Pakistan
Alas, since the horrific Hamas attack on Oct. 7 and the ensuing war in Gaza, celebration would have felt grotesque. But the all-consuming conflict should not be allowed to obscure the fact that the struggle for democracy in Israel continues. In a single decision handed down on Jan. 1, the court ruled on two issues. The first concerned an overarching principle: The court affirmed that it could overrule even constitutional measures if they violated core democratic principles. An overwhelming 13 of the 15 justices concurred on that point, establishing, as a result, a protection against the government exploiting basic laws to hurt democracy.
Persons: Netanyahu, Locations: Gaza, Israel
A verdict in Trump's NY fraud trial won't come until February, a source told Business Insider. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe verdict in the New York attorney general's sprawling civil fraud lawsuit against Donald Trump and his family company won't come until early February, a source familiar with the timing told Business Insider. In their closing argument at the trial, Trump's attorneys raised Constitutional issues that indicate they will almost certainly bring the case to the US Supreme Court if they need to.
Persons: Judge Arthur Engoron, he'd, Engoron, , Donald Trump, Arthur Engoron, That's, Letitia James, Trump, James Organizations: Trump Organization, Service, New, New York, Trump Locations: Trump's NY, New York
The court order allows the Justice Department to update vulnerable software used by thousands of devices in the US that are vulnerable to the Chinese hacking, the source said. The Justice Department action is an effort to undercut the Chinese hackers’ ability to communicate with some of the infrastructure used in the hacks. The Justice Department and FBI declined to comment. Rob Joyce, a senior National Security Agency official, has told CNN that the Chinese activity is “unacceptable” because of its potential disruptive effects. “I think the difference here is how brazen it is in scope and scale,” Joyce told CNN last May.
Persons: Rob Joyce, ” Joyce Organizations: CNN, FBI, Justice Department, The, Department, The Justice Department, Reuters, Microsoft, US Marine Corps, National Security Agency, NSA, Chinese Communist Party Locations: Taiwan, Guam, Pacific, China
Ukraine War Drives Shift in Russian Nuclear Thinking -Study
  + stars: | 2024-01-22 | by ( Jan. | At A.M. | ) www.usnews.com   time to read: +4 min
NSNWs include all nuclear weapons with a range of up to 5,500 km (3,400 miles), starting with tactical arms designed for use on the battlefield - as opposed to longer-range strategic nuclear weapons that Russia or the U.S. could use to strike each other's homeland. "The Russian perception of the lack of credible Western will to use nuclear weapons or to accept casualties in conflict further reinforces Russia's aggressive NSNW thought and doctrine," it said. But he has shifted Russia's stance on key nuclear treaties and said he is deploying tactical nuclear weapons in Belarus. NUCLEAR DEBATEWestern analysts and policymakers have been closely tracking a debate among Russian military experts about whether Moscow should lower its threshold for nuclear use. William Alberque, author of the IISS report, said Karaganov was part of a wider discussion in Russia on the failure of its military to win the Ukraine war decisively and quickly.
Persons: Mark Trevelyan, Vladimir Putin's, Putin, hawkish, Russia's, Sergei Karaganov, William Alberque, Karaganov, Alberque, Mark Heinrich Organizations: Mark Trevelyan LONDON, NATO, International Institute for Strategic Studies, Russian Federation, Pentagon Locations: Ukraine, Moscow, Western, Russia, U.S, West, Russian, Belarus, Europe, United States
The world also said goodbye to former U.S. Secretary of State Henry Kissinger, who died Nov. 29. Political Cartoons View All 1277 ImagesAnother political figure who died this year was former U.S. first lady Rosalynn Carter, who died Nov. 19. Among the entertainers who left the world this year was singer Tina Turner, who died May 24. Here is a roll call of some influential figures who died in 2023 (cause of death cited for younger people, if available):___JANUARY___Fred White, 67. A Hall of Fame forward who helped the Chicago Blackhawks win the 1961 Stanley Cup Final.
Persons: Wagner, Yevgeny Prigozhin, Prigozhin, Vladimir Putin’s, Henry Kissinger, Rosalynn Carter, Jimmy Carter, Silvio Berlusconi, Dianne Feinstein, James Buckley, James Abourezk, Nigel Lawson, Pervez Musharraf, Sandra Day O’Connor, Li Keqiang, Martti Ahtisaari, United Nations Bill Richardson, Gov, Sheila Oliver, Theodoros Pangalos, Tina Turner, Ike Turner, Suzanne Somers, Matthew Perry, Raquel Welch, Richard Belzer, Chaim Topol, Jacklyn Zeman, Lance Reddick, Alan Arkin, Paul Reubens, David McCallum, Richard Roundtree, Tom Sizemore, Jimmy Buffett, Sinéad O’Connor, Rita Lee Jones, Burt Bacharach, David Crosby, Fito Olivares, Ryuichi Sakamoto, Astrud Gilberto, Coco Lee, Tony Bennett, Harry Belafonte, Cormac McCarthy, William Friedkin, Bob Barker, Jerry Springer, Louise Glück, Jeff Beck, Mary Quant, Kaija Saariaho, Lloyd Morrisett, Fred White, Maurice, Verdine White, Ken Block, Walter Cunningham, Fay Weldon, ” Jan, Russell Pearce, Charles Simic, Lynette “ Diamond ” Hardaway, Donald Trump, Diamond, Constantine, Jan, Tatjana Patitz, George Michael’s, Lisa Marie Presley, Elvis Presley, Robbie Knievel, Evel Knievel, Ray Cordeiro, Elmo, Cookie, Gina Lollobrigida, Chris Ford, Crosby, Stills, Nash, Young, Cindy Williams, Shirley, “ Laverne, Billy Packer, Sylvia Syms, Alex ”, Barrett Strong, Norman Whitfield, “ Papa, Rollin ’ Stone, Tom Verlaine, Patti Smith, Bobby Hull, Paco Rabanne, Harry Whittington, Dick Cheney, Hsing Yun, , San Jose ”, Carlos Saura, Spain’s, Hugh Hudson, Oscar, “ Greystroke, Hans Modrow, David Jude Jolicoeur, Huey “, ” Smith, Little Richard, Lloyd Price, , Leiji Matsumoto, Yamato ”, Tim McCarver, Stella Stevens, Jerry Lewis’s, John Munch, Ahmed Qureia, Betty Boothroyd, Ricou Browning, Gill, Gérard Latortue, Fontaine, Barbara Everitt Bryant, Ryan ”, Kenzaburo Oe, Judy Heumann, Gary Rossington, Lynyrd Skynyrd, Georgina Beyer, Traute Lafrenz, Rose, Peterson Zah, Tevye, Robert Blake, Jiang Yanyong, Bud Grant, Dick Fosbury, Pat Schroeder, Gloria Bosman, 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Williams, Glenda Jackson, Daniel Ellsberg, Richard Nixon, Big, George Frazier, Lee Sarokin, Rubin “, ” Carter, Winnie Ewing, Sheldon Harnick, Jerry Bock, “ Fiorello, John Goodenough, Peg Yorkin, Sue Johanson, Yan Mingfu, John Berylson, James Lewis, poisonings, Mikala Jones, André Watts, Jane Birkin, Kevin Mitnick, San Francisco ”, Frank Sinatra, Lady Gaga, Hugh “ Sonny ” Carter Jr, Jimmy, Randy Meisner, Herman, Angus Cloud, Fezco, ” O’Neill, ___, Mark Margolis, Hector Salamanca, Saul, Sixto Rodriguez, flamed, Robbie Robertson, Tom Jones, Magoo, Timbaland, Aaliyah, Missy Elliott, Clarence Avant, Quincy Jones, Bill Withers, Ada Deer, Jerry Moss, Herb Alpert, Alpert, Michael Parkinson, Muhammad Ali, Miss Piggy, Jiri Cerny, Betty Tyson, Richard Nixon’s, John Warnock, Ron Cephas Jones, Howard Hubbard, Samuel “ Joe ” Wurzelbacher, Joe, Barack Obama, Gil Brandt, Tom Landry, Tex Schramm, Bill Richardson, Steve Harwell, Shabtai Shavit, Jordan, Ian Wilmut, Dolly, Prince Mangosuthu Buthelezi, Roy Kidd, Eno Ichikawa, Michael McGrath, Fernando Botero, Giorgio Napolitano, Matteo Messina Denaro, Michael Gambon, Albus Dumbledore, Harry Potter ”, Mankombu Sambasivan, Saad Eddin Ibrahim, Hosni Mubarak, Tim Wakefield, Dick Butkus, Michael Chiarello, Michael Chiarello ”, Masters, Burt Young, Paulie, Sylvester Stallone, Hughes Van Ellis, Kevin Phillips, Louise Meriwether, Mark Goddard, Major Don West, Rudolph Isley, Isley, unblinking, Piper Laurie, Chrissy Snow, Bobby Charlton, Bishan Bedi, Richard Moll, Xi Jinping, Wu Zunyou, Chandler Bing, Ken Mattingly, Bob Knight, Frank Borman, Steve Norton, Don Walsh, Mariana Trench, Terry R, Taylor, Daisaku Ikeda, Herbie Hancock, Bobby Ussery, George “ Funky ” Brown, Joanna ”, Marty Krofft, Pufnstuf, Donny, Marie ”, Terry Venables, Tim Dorsey, Serge A, Frances Sternhagen, ” “, Charlie Munger, Warren Buffett, Berkshire Hathaway, Gerald Ford, Shane MacGowan, Bernard McGhee Organizations: Wagner Group, Russian, White House, U.S, Supreme, United Nations, Greek Foreign, Republican, Hong, Boston Celtics, NBA, NBC, CBS, Television, Fame, Chicago Blackhawks, , New, of Fame, Louis Cardinals, , Palestinian, Israel, South Dakota Democrat, Arab, Arab American U.S, Britain’s, Commons, . Census Bureau, Alabama ”, Zealand, Navajo, Minnesota Vikings, People, Playboy, Capitol, Juana La Cubana, New York Knicks, Guinness, World Records, Hollywood, Treasury, Southern Baptist Convention, Los Angeles, Roundabout Theatre Company, Air Force, Harlem Globetrotters, Janeiro Games, baseball’s, Germany’s Bayreuth, NCAA, Hall of Famer, Redeemer Presbyterian Church, Legion, Ames, Phoenix, FBI, Simon &, Christian Broadcasting Network, Republican Party, Christian Coalition, Harvard, Feminist Majority Foundation, “ Little, Communist Party, Millwall, New York Philharmonic, San, Brigade, Wing, Eagles, HBO, of Indian Affairs, M, Police, Carpenters, Adobe Systems, Pro Football Hall of Fame, Dallas Cowboys, escapist, Democratic, Zulu, Eastern, AA, Broadway, Communist, U.S . Senate, Red Sox, Yankees, Boston, Chicago Bears, Major, Isley Brothers, New York Times, Manchester United, India, Indiana, Nevada — Resorts, Atlantic City —, Navy, Associated Press, Soka Gakkai, Kentucky Derby, Kool, The, European, Barcelona, Tottenham, City Locations: Russia, Ukraine, Bakhmut, Russian, U.S, Finnish, New Mexico, New Jersey, British, Greece, American, Hong Kong, Italian, America, New York, Spanish, catwalks, Texas, Taiwan, Pakistan, Afghanistan, San, New Orleans, Rosebud, Arab American, Haiti, , African, Brooklyn, London, Los, Mississippi, United States, Rivers, Georgia, Savannah, Louisville, New York City, Irish, HBO’s “ Rome, Brazilian, Ipanema, Moscow, Virginia, Montana, Vietnam, Canada, Asia, Chicago, Hawaii, France, South Africa, Wisconsin, Los Angeles, Czech, Eastern Kentucky, Colombian, , California, Tulsa, Finland, China, Nevada, Atlantic City, Florida, Berkshire
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
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFear may cripple the development of AI in the short-term, says Toggle AI CEO Jan SzilagyiJan Szilagyi, Toggle AI CEO, joins 'Closing Bell: Overtime' to discuss OpenAI and the AI space.
Persons: Jan Szilagyi Jan Szilagyi
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