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☆ Trump compares investigations into him to 'Stalinist Russia'
▼ + stars: | 2023-03-25 | by ( Nathan Layne | ) www.reuters.com time to read: +4 min

Trump told supporters gathered at Waco’s airport on Saturday that the investigations swirling around him were “something straight out of the Stalinist Russia horror show.”“From the beginning it’s been one witch hunt and phony investigation after another,” he said. “I’m not a big fan,” Trump said of DeSantis, accusing of him of plotting to slash social security. Several times Trump repeated the false claim that his election loss in 2020 was due to a systemic fraud orchestrated by the Democrats. He described some American officials and senior U.S. politicians - including Senate Republican leader Mitch McConnell - as a bigger threat to America than China or Russia. “Either the Deep State destroys America or we destroy the Deep State,” Trump said.

☆ Trump loyalists flock to Waco for election rally overshadowed by legal threats
▼ + stars: | 2023-03-25 | by ( Nathan Layne | ) www.reuters.com time to read: +5 min

WACO, Texas (Reuters) -Die-hard fans of Donald Trump flocked to the ex-president’s election rally in Waco, Texas, on Saturday, brimming with defiance as their favored candidate faced overlapping threats of criminal indictment. FILE PHOTO: Former U.S. President Donald Trump delivers remarks on education as he holds a campaign rally with supporters, in Davenport, Iowa, U.S. March 13, 2023. REUTERS/Jonathan Ernst/File PhotoSeveral thousand Trump supporters lined up outside the Waco Regional Airport waiting to go through security and enter the event, with the first speaker scheduled for 2 p.m. CDT (1900 GMT). Fifty-seven-year-old Laurie Hansen said Trump was “the best president ever.”“He’s the only one who can bring our country back,” she said. In an editorial, the Houston Chronicle said the decision to host the event in Waco during the anniversary of the Waco siege represented more than a dog-whistle message to far-right and conspiratorial Trump supporters.

☆ Trump casts 2024 contest in apocalyptic terms, slams prosecutors
▼ + stars: | 2023-03-25 | by ( Nathan Layne | ) www.reuters.com time to read: +5 min

“The Biden regime’s weaponization of law enforcement against their political opponents is something straight out of the Stalinist Russia horror show,” Trump said. Trump depicted the United States as a failed state whose economy was in freefall - a description at odds with the country’s record-low unemployment rate. Several times Trump repeated the false claim that his election loss in 2020 was due to a systemic fraud orchestrated by the Democrats. “Either the Deep State destroys America or we destroy the Deep State,” Trump said. Speaking ahead of Trump’s speech, Matt Schomburg, 45, said he believed the rally was a way to energize his supporters for the 2024 race.

☆ Trump loyalists decry 'witch hunt' at Waco election rally
▼ + stars: | 2023-03-25 | by ( Nathan Layne | ) www.reuters.com time to read: +5 min

WACO, Texas (Reuters) -Die-hard fans of Donald Trump flocked to the ex-president’s election rally in Waco, Texas, on Saturday, brimming with defiance as their favored candidate faces legal peril from prosecutors and mixed polling ahead of next year’s Republican primary elections. People cheer ahead of the first campaign rally for the re-election campaign of former U.S. President Donald Trump at Waco Regional Airport in Waco, Texas, U.S., March 25, 2023. “You have to understand: they are not just coming after President Trump, they are coming after you, and President Trump is just the only one standing in their way,” she said. The former president is seeking to turn the hush money case in New York to his advantage by raising money off it and using it to rally supporters. Schomburg said he thought Trump was trying to send a message by holding the rally in Waco.

☆ Analysis: U.S. financial conditions have eased. So far the Fed is okay with it
▼ + stars: | 2022-12-09 | by ( Ann Saphir | ) www.reuters.com time to read: +5 min

Fresh projections by Fed policymakers released after next week's meeting are expected to reflect that, along with a forecast for no cuts to the policy rate until 2024. Reuters GraphicsThat could feed into arguments that the economy and labor markets are poised to weaken next year, easing inflation pressures. And those drops came despite the Fed lifting its policy rate by three-quarters-of-a-percentage point, to 3.75%-4% in early November. Meanwhile, unemployment has stayed at a low 3.7%, below where Fed policymakers had thought it would be as tighter policy slowed the economy. Reuters GraphicsPart of the reason the Fed may be more comfortable with easing financial conditions now than in the summer is simply that the Fed has already raised interest rates by nearly 4 percentage points.

☆ TSMC’s U.S. Chip Gambit Has Powerful Backers
▼ + stars: | 2022-12-07 | by ( Jacky Wong | ) www.wsj.com time to read: 1 min

“American manufacturing is back,” President Biden said Tuesday as he visited the new Arizona site of Taiwan Semiconductor Manufacturing Co. That sentiment may yet prove premature—but the Taiwanese chip maker’s latest commitment to building on American soil is still something to celebrate. One key takeaway from Tuesday’s event: TSMC’s major U.S. customers appear to be telegraphing their support for more advanced chips to be made on American soil. That raises the probability of a larger presence for firms like TSMC and Samsung in the future.

☆ US stocks rise after Fed minutes show most policy makers are in favor of easing up on rate hikes
▼ + stars: | 2022-11-23 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Most policymakers consider it appropriate to ease back the size of rate hikes, the minutes said. Trading will be closed Thursday for the Thanksgiving Day holiday. A "substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate," minutes of this month's Fed meeting released Wednesday afternoon said. The central bank has pushed up the fed funds rate by 75 basis points at four straight meetings. Equity trading will be closed Thursday for Thanksgiving Day and end early on Friday, at 1 p.m. Eastern.

☆ U.S. voters decide control of Congress, and Biden's agenda, in midterms
▼ + stars: | 2022-11-08 | by ( Joseph Ax | ) www.reuters.com time to read: +7 min

[1/10] Voters fill out ballots at a polling station during the 2022 U.S. midterm election in downtown Harrisburg, Pennsylvania, U.S., November 8, 2022. The party that controls the White House typically loses seats in midterm elections. Thirty-five Senate seats and all 435 House of Representatives seats are on the ballot. In Congress, a Republican-controlled House would be able to block bills addressing Democratic priorities such as abortion rights and climate change. A Republican Senate would hold sway over Biden's judicial nominations, including any Supreme Court vacancy, intensifying the spotlight on the increasingly conservative court.

☆ Control of Congress - and Biden's power - on the ballot in U.S. midterms
▼ + stars: | 2022-11-08 | by ( Joseph Ax | ) www.reuters.com time to read: +8 min

Thirty-five Senate seats and all 435 House of Representatives seats are on the ballot. A Republican-controlled House would be able to block bills addressing Democratic priorities such as abortion rights and climate change. A Republican Senate, meanwhile, would hold sway over Biden's judicial nominations, including any Supreme Court vacancy. However, some Democrats in tough races have deliberately distanced themselves from the White House as Biden's popularity languishes. "Democracy is literally on the ballot," Biden said on Sunday at a rally in Yonkers, New York.

☆ Billionaire Carlyle co-founder David Rubenstein says a Fed rate hike of 100 basis points would shock and depress the market and spook investors about inflation
▼ + stars: | 2022-09-20 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

The Federal Reserve will likely stick with raising rates by 75 basis points at its meeting this week. "The Fed has been telegraphing 75 basis points. If they were to go to 100 basis points, I think it would be shocking to the market," Rubenstein said in a televised interview on Monday. "I know some percentage of people in the market, 14% or so, think it might be 100 basis points, but I think they wouldn't want to shock the market that way. "The Fed is likely to think if they were to do 100 basis points, the reaction would be that they know that inflation is much worse than people think it is.

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