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Trump’s new economic war
Trump’s new economic war
Saudi Arabia and other producers must cut oil prices, global central banks “immediately” needed to slash interest rates, and foreign companies must ramp up investments in US factories or face tariffs. The EU — which came in for particular opprobrium — must stop hitting big American technology companies with competition fines.
Trump’s demands came amid a frenetic first week in office in which the president launched a blitzkrieg of executive orders and announcements intended not just to reshape the state but also assert America’s economic and commercial supremacy. Tariffs of up to 25 per cent could be slapped on Canada and Mexico as early as February 1, riding roughshod over the trade deal Trump himself negotiated in his first term.  China could face levies of up to 100 per cent if Beijing failed to agree on a deal to sell at least 50 per cent of the TikTok app to a US company, while the EU was told to purchase more American oil if it wanted to avoid tariffs. Underscoring the new American unilateralism, Trump pulled the US out of the World Health Organization, as well as exiting the Paris climate accord for a second time.
This proposal throws a “hand grenade” at international tax policymaking, says Niels Johannesen, director of the Oxford university Centre for Business Taxation at Saïd Business School. The move suggests a determination to “shape other countries’ tax policy through coercion rather than through co-operation”, he adds.
“Those around Trump have had time to build up a systematic, methodological approach for protectionist trade policy and it shows,” says former UK trade department official Allie Renison, now at consultancy SEC Newgate. The approach will be to build up a case file of “evidence” against countries, she says, and then use it to extract concessions in areas of both economic and foreign policy.
The question remains how far Trump is willing to go. The danger of trampling on the rules-based order, says Jeromin Zettelmeyer, head of the Bruegel think-tank, is a complete breakdown in the diplomatic and legal channels for settling international disputes. If Trump were to pull out of a wider range of international frameworks, such as the WTO or the IMF, he warns, then the arrangements that help govern the global economy could get “substantively destroyed”.
Some caution against being awestruck by Trump’s threats or his espousal of capitalism without limits, because his agenda was so incoherent. “What we are seeing is huge doses of American hubris,” says Arancha González, dean of the Paris School of International Affairs at Sciences Po. “We are blinded by the intensity of all the issues put on the table and by Trump’s conviction. But we are not looking at the contradictions. It’s like we are all on an orange drug
·archive.is·
Trump’s new economic war
Mark Zuckerberg Is Not Done With Politics – Pixel Envy
Mark Zuckerberg Is Not Done With Politics – Pixel Envy
Journalists do not write the headlines; I hope the editor responsible for this one is soaked with regret. Zuckerberg is not “done with politics”. He is very much playing politics. He supported some more liberal causes when it was both politically acceptable and financially beneficial, something he has continued to do today, albeit by having no discernible principles. Do not mistake this for savviness or diplomacy, either. It is political correctness for the billionaire class.
·pxlnv.com·
Mark Zuckerberg Is Not Done With Politics – Pixel Envy
Hurricane Helene brews up storm of online falsehoods and threats
Hurricane Helene brews up storm of online falsehoods and threats
increasingly, a broad collection of conspiracy groups, extremist movements, political and commercial interests, and at times hostile states, coalesce around crises to further their agendas through online falsehoods, division and hate. They exploit social media moderation failures, gaming their algorithmic systems, and often produce dangerous real-world effects.
Some of the largest accounts sharing falsehoods about the hurricane response – including those with more than 2 million followers – have actively engaged with other forms of mis- and disinformation and hate. This includes anti-migrant conspiracies, false claims of electoral fraud, and antisemitic discourse around the so-called ‘Great Replacement.’ Their role as amplifiers here reveals how diverse groups converge on moments of crisis to co-opt the news cycle and launder their positions to a wider or mainstream audience.
Falsehoods around hurricane response have spawned credible threats and incitement to violence directed at the federal government – this includes calls to send militias to face down FEMA for the perceived denial of aid, and that individuals would “shoot” FEMA officials and the agency’s emergency responders.
·isdglobal.org·
Hurricane Helene brews up storm of online falsehoods and threats
Exclusive: John Kelly goes on the record to confirm several disturbing stories about Trump | CNN Politics
Exclusive: John Kelly goes on the record to confirm several disturbing stories about Trump | CNN Politics
“What can I add that has not already been said?” Kelly said, when asked if he wanted to weigh in on his former boss in light of recent comments made by other former Trump officials. “A person that thinks those who defend their country in uniform, or are shot down or seriously wounded in combat, or spend years being tortured as POWs are all ‘suckers’ because ‘there is nothing in it for them.’ A person that did not want to be seen in the presence of military amputees because ‘it doesn’t look good for me.’ A person who demonstrated open contempt for a Gold Star family – for all Gold Star families – on TV during the 2016 campaign, and rants that our most precious heroes who gave their lives in America’s defense are ‘losers’ and wouldn’t visit their graves in France. Ad Feedback “A person who is not truthful regarding his position on the protection of unborn life, on women, on minorities, on evangelical Christians, on Jews, on working men and women,” Kelly continued. “A person that has no idea what America stands for and has no idea what America is all about. A person who cavalierly suggests that a selfless warrior who has served his country for 40 years in peacetime and war should lose his life for treason – in expectation that someone will take action. A person who admires autocrats and murderous dictators. A person that has nothing but contempt for our democratic institutions, our Constitution, and the rule of law. “There is nothing more that can be said,” Kelly concluded. “God help us.”
·cnn.com·
Exclusive: John Kelly goes on the record to confirm several disturbing stories about Trump | CNN Politics
Trump allies cite Clinton email probe to attack classified records case. There are big differences
Trump allies cite Clinton email probe to attack classified records case. There are big differences
After a roughly yearlong inquiry, the FBI closed out the investigation in July 2016, finding that Clinton did not intend to break the law. The bureau reopened the inquiry months later, 11 days before the presidential election, after discovering a new batch of emails. After reviewing those communications, the FBI again opted against recommending charges.
The relevant Espionage Act cases brought by the Justice Department over the past century, Comey said, all involved factors including efforts to obstruct justice, willful mishandling of classified documents and indications of disloyalty to the U.S. None of those factors existed in the Clinton investigation, he said.That’s in contrast to the allegations against Trump, who prosecutors say was involved in the packing of boxes to go to Mar-a-Lago and then actively took steps to conceal classified documents from investigators. The indictment accuses him, for instance, of suggesting that a lawyer hide documents demanded by a Justice Department subpoena or falsely represent that all requested records had been turned over, even though more than 100 remained in the house.The indictment repeatedly cites Trump’s own words against him to make the case that he understood what he was doing and what the law did and did not permit him to do. It describes a July 2021 meeting at his golf club in Bedminster, New Jersey, which he showed off a Pentagon “plan of attack” to people without security clearances to view the material and proclaimed that “as president, I could have declassified it.”“Now I can’t, you know, but this is still a secret,” the indictment quotes him as saying.ADVERTISEMENT
Though Attorney General Merrick Garland in January named a second special counsel to investigate the Biden documents, no charges have been brought and, so far at least, no evidence has emerged to suggest that anyone intentionally moved classified documents or tried to impede the FBI from recovering them. While the FBI obtained a search warrant last August to recover additional classified documents, each of the Biden searches has been done voluntarily with his team’s consent.The Justice Department, meanwhile, notified Trump’s vice president, Mike Pence, earlier this month that it would not bring charges after the discovery of classified documents in his Indiana home. That case also involved no allegations of willful retention or obstruction.
·apnews.com·
Trump allies cite Clinton email probe to attack classified records case. There are big differences
The Trump verdict.
The Trump verdict.
"Questioned about the 2005 'Access Hollywood' tape, he actually defended his comments about grabbing women by their genitals without consent," Cevallos wrote. He said the rich and famous have been able "to get away with" that behavior, unfortunately or fortunately. "What part of that was fortunate, exactly?" Cevallos asked. Both moments "featured prominently" in Kaplan’s closing arguments, and both were evidence "that didn't exist before Trump offered them up on a platter."
Then I imagined if one of those women sued Clooney, took him to trial, and Clooney had to get deposed. During his deposition he reaffirmed that for "millions of years" rich and famous people have been able to grab women by their genitals and "unfortunately or fortunately" that is how it works. I imagined Clooney mistaking the woman accusing him of sexual assault for his ex-wife. I imagined him, during the deposition, being asked if he cheated on his first wife and saying, "I don't know." I imagined if there were two women willing to testify against Clooney in a trial, under oath, that he sexually assaulted them.
He has claimed on social media he and Carroll don't know each other and have never met, despite photographic evidence of the opposite — nevermind the corroborating fact Trump and Carroll were running in the same circles in New York City in the 1990s and 1980s.
·readtangle.com·
The Trump verdict.