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Archive for 11. November 2016

Cecilia Malmström: EU stoppt TTIP wegen Donald Trump

Posted by hkarner - 11. November 2016

Deutsche Wirtschafts Nachrichten  | 

Die EU legt das Handelsabkommen TTIP „auf Eis“. Es ist unwahrscheinlich, dass das Abkommen in absehbarer Zeit wieder aufgetaut wird.

Cecilia Malmström sieht aktuell keine Chance für das TTIP: Nach der Wahl von Donald Trump zum künftigen US-Präsidenten legt die EU laut AFP das Freihandelsabkommen TTIP auf Eis. Es werde „für einige Zeit“ eine „Pause“ in den Verhandlungen geben, sagte die zuständige EU-Kommissarin Cecilia Malmström am Freitag nach einem Treffen der Handelsminister in Brüssel. Unter dem künftigen Präsidenten Trump sei völlig unklar, „was passieren wird“. Frankreich erklärte die Verhandlungen bereits für „tot“.

Der Republikaner Trump hatte im Wahlkampf Freihandelsverträge kritisiert und für die Vernichtung von Arbeitsplätzen in der US-Industrie verantwortlich gemacht. TTIP werde nun „wahrscheinlich in den Gefrierschrank“ wandern, sagte Malmström. Es sei ungewiss, „wann es wieder aufgetaut wird“. Die EU-Kommissarin sagte laut Diplomaten vor den Ministern, sie wisse nicht, ob dies „Monate“ oder „ein, zwei oder drei Jahre“ dauern oder überhaupt passieren werde, sagte Cecilia Malmström. Den Rest des Beitrags lesen »

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A New-Model Trump?

Posted by hkarner - 11. November 2016

Photo of Lucy P. Marcus

Lucy P. Marcus

Lucy P. Marcus, founder and CEO of Marcus Venture Consulting, Ltd., is Professor of Leadership and Governance at IE Business School and a non-executive board director of Atlantia SpA.

NOV 11, 2016 Project Syndicate

BERLIN – On the 27th anniversary of the fall of the Berlin Wall, the United States elected a president who plans to build an even bigger wall, this time on the border with Mexico. Now, President-elect Donald Trump must decide whether he wants to plow forward with his divisive agenda or actually advance America’s best interests.

There are strong parallels between Trump’s victory and the United Kingdom’s vote to leave the European Union last June. Republicans interviewed after the election result was known looked almost as shocked as the architects of the UK’s “Leave” campaign on the morning after the referendum. But nobody was more dumbfounded than the losing side, which in both cases had been widely expected to come out on top.

One effect of the Brexit vote that has already emerged in the US as well is a surge in hate crimes, including an alarming number of incidents being reported at schools and on college campuses. Trump’s win has emboldened some of his supporters to move from the anonymity of abusing targets on social media to accosting them openly on the street. Den Rest des Beitrags lesen »

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Donald Trump’s Transition Team: We Will ‘Dismantle’ Dodd-Frank

Posted by hkarner - 11. November 2016

 This would definitely be the greatest disaster to the finance industry, opening the doors for speculation again. This will be the acid test on whether Trump is just a fool or criminally threatening mankind. (hfk)

Date: 11-11-2016

Source: The Wall Street Journal


GOP eager to make litany of changes that until recently stood little chance of avoiding President Barack Obama’s veto

WASHINGTON—President-elect Donald Trump’s transition team promised to dismantle the 2010 Dodd-Frank law, declaring that the coming administration will seek to remake the way the U.S. oversees the financial sector.

Tuesday’s Republican sweep, and Mr. Trump’s commitment to focus on the issue, has the GOP salivating over a wish list of Dodd-Frank changes that until recently stood little chance of avoiding President Barack Obama’s veto pen. The lineup includes everything from regulatory exemptions for community banks and regional banks to a new regime for insurers and asset managers to curbs on the federal government’s influence over consumer-finance products such as mortgages and payday loans.

The brief note on Mr. Trump’s new website was the first time since Tuesday’s election that the president-elect addressed financial regulatory policy. It was consistent with Mr. Trump’s campaign-trail rhetoric, blaming the Obama administration’s signature response to the financial crisis for a tepid economy and promising to “replace it with new policies to encourage economic growth and job creation,” but providing few details. Den Rest des Beitrags lesen »

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This is all totally unreal, all this because of ONE stupid bastard

Posted by hkarner - 11. November 2016

Date: 11-11-2016
Source: Technology Review
Subject: The Troubling Road for Climate and Energy Under President Trump

Threats to pull out of the Paris agreement and burn more fossil fuels are more likely than you may hope.

Donald Trump has famously claimed that the “concept of global warming was created by and for the Chinese.” So what will his policies on energy and the climate look like? 

He’s publicly stated that he wishes to pull out of the Paris climate agreement. He plans to cut federal climate change funding. He wants to get rid of President Obama’s Clean Power Plan. And he’s infatuated with scrapping the Environmental Protection Agency. Sadly, such regressive policy measures really could play out.

The appearance of oil executives such as Harold Hamm and Forrest Lucas on a leaked shortlist of Trump’s for the positions of Secretary of Energy and Secretary of the Interior, respectively, is hardly surprising. But it does highlight that fossil fuels will take high priority for his administration. Den Rest des Beitrags lesen »

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Voters Backed Donald Trump Because He ‘Just Got It,’ Says Investor Peter Thiel

Posted by hkarner - 11. November 2016

Date: 11-11-2016
Source: The Wall Street Journal

Highest-profile Silicon Valley supporter of president-elect gives his perspective on Donald Trump’s victory

ThielPeter Thiel,  says he doesn’t think a Trump administration will have that big an impact on the tech sector right away.

Peter Thiel was the highest-profile Silicon Valley executive to publicly promote Donald Trump during the presidential campaign, giving him an unusual perspective on the president elect. He spoke with The Wall Street Journal’s Rolfe Winkler after Mr. Trump’s victory. Edited excerpts:

WSJ: What specific policies do you think President Trump will pursue to kick-start growth?

Mr. Thiel: I think there will definitely be a push for less regulation of small businesses, some sort of fiscal stimulus. A lot of people voted for Trump because he just got it. He understood that things were very off track even if he didn’t have a precise road map of what to do. Other Republican candidates were almost delusionally Panglossian in their views of America. Hillary was also optimistic in a way that made her very out of touch. Sanders was the one other major candidate that really got the stagnation. I don’t agree with Sanders’s policy solutions, but I think that with a Trump vs. Sanders debate, we would have gotten more into the real issues.

WSJ: When did you meet Trump, and how often do you talk to him? Den Rest des Beitrags lesen »

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An Amazing Post-Mortem

Posted by hkarner - 11. November 2016

Date: 10-11-2016
Source: http://www.commondreams.org/ byRobert Parry
Subject: Why Trump Won and Why Clinton Lost

Hillary Clinton’s stunning defeat reflected a gross misjudgment by the Democratic Party about the depth of populist anger against self-serving elites who have treated much of the country with disdain

In the end, Hillary Clinton became the face of a corrupt, arrogant and out-of-touch Establishment, while Donald Trump emerged as an almost perfectly imperfect vessel for a populist fury that had bubbled beneath the surface of America.

There is clearly much to fear from a Trump presidency, especially coupled with continued Republican control of  Congress. Trump and many Republicans have denied the reality of climate change; they favor more tax cuts for the rich; they want to deregulate Wall Street and other powerful industries – all policies that helped create the current mess that the United States and much of the world are now in.

Further, Trump’s personality is problematic to say the least. He lacks the knowledge and the temperament that one would like to see in a President – or even in a much less powerful public official. He appealed to racism, misogyny, white supremacy, bigotry toward immigrants and prejudice toward Muslims. He favors torture and wants a giant wall built across America’s southern border.

But American voters chose him in part because they felt they needed a blunt instrument to smash the Establishment that has ruled and mis-ruled America for at least the past several decades. It is an Establishment that not only has grabbed for itself almost all the new wealth that the country has produced but has casually sent the U.S. military into wars of choice, as if the lives of working-class soldiers are of little value. Den Rest des Beitrags lesen »

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Protecting Europe in the Age of Trump

Posted by hkarner - 11. November 2016

Photo of Guy Verhofstadt

Guy Verhofstadt

Guy Verhofstadt, a former Belgian prime minister, is President of the Alliance of Liberals and Democrats for Europe Group (ALDE) in the European Parliament. His book Europe’s Last Chance. Why the European States Must Form a More Perfect Union will be published by Basic Books in January 2017.

NOV 10, 2016 Project Syndicate

BRUSSELS – Just like the polls prior to the United Kingdom’s Brexit referendum, the polls in the run-up to the United States’ presidential election were wrong. And just like Brexit, the unthinkable has happened: Donald Trump is now President-elect of the US, signaling the triumph of nativism over internationalism. In the contest between open and closed societies, the latter are clearly winning, and liberal democracy is quickly becoming a resistance movement.

With Trump in the White House, the US will become obsessed with itself. It is safe to say that the Transatlantic Trade and Investment Partnership between the US and the European Union is now a nonstarter. But a Trump presidency will adversely affect Europe in more ways than that. The EU’s territorial integrity itself is now at stake.

Trump has made it abundantly clear that his foreign-policy priorities do not include European security. He doesn’t recognize NATO’s strategic necessity, and he has shown an interest in transatlantic relations only when he has alluded to unpaid bills. A Trump presidency will lead to an epic geopolitical shift: for the first time since 1941, Europe cannot rely on the US defense umbrella; it now stands alone. Den Rest des Beitrags lesen »

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Who Is President Trump?

Posted by hkarner - 11. November 2016

Photo of Jeffrey Frankel

Jeffrey Frankel

Jeffrey Frankel, a professor at Harvard University’s Kennedy School of Government, previously served as a member of President Bill Clinton’s Council of Economic Advisers. He directs the Program in International Finance and Macroeconomics at the US National Bureau of Economic Research, where he is a member of the Business Cycle Dating Committee, the official US arbiter of recession and recovery.

NOV 10, 2016 Project Syndicate

CAMBRIDGE – Donald Trump’s stunning election victory has pushed the United States – and the world – into uncharted territory. The US has never before had a president with no political or military experience, nor one who so routinely shirks the truth, embraces conspiracy theories, and contradicts himself. All of this makes it almost impossible to know how he will govern.

But Trump’s looming presidency does have a precedent: George W. Bush’s. Several parallels stand out. For starters, like Bush, Trump did not win the popular vote, but may nonetheless assume that he has a mandate for sweeping change. And the direction of that change may produce results that not even his supporters like.

Among Trump’s economic-policy promises, his fiscal proposals are most likely to be enacted: big tax cuts for the rich and increased spending on defense and other items. The result will probably be the same as when Bush pursued similar policies: income inequality will widen, and budget deficits will grow. Den Rest des Beitrags lesen »

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‚The World Is Crumbling in Front of Our Eyes‘

Posted by hkarner - 11. November 2016

Date: 09-11-2016

Most in Europe were expecting to wake up to President-elect Hillary Clinton. But now that Trump has won, many political leaders in Germany and the EU are in no mood to celebrate — with some exceptions.

As is often the case with earth-shaking events, it was the financial markets that reacted first. The DAX, Germany’s blue-chip stock index, quickly plunged upon opening on Wednesday morning in response to the news that Donald Trump had won the US presidential elections. But despite expectations by some financial experts that the index would drop by up to 4 percent against Tuesday, the DAX quickly stabilized after opening down just over 1 percent.

„I actually don’t expect significantly negative effects for the German economy,“ Marcel Fratzscher, president of the German Institute for Economic Research, told German press agency DPA.

Among European politicians, though, initial reactions were significantly darker. German Chancellor Angela Merkel felt it necessary in a Wednesday midday statement to remind Trump of the values that bind Germany and America together: „Democracy, freedom, respect for the law and for human dignity, regardless of ancestry, skin color, religion, gender, sexual orientation or political leanings.“ She then said: „On the basis of these values, I offer the future president of the United States of America, Donald Trump, close cooperation.“ Den Rest des Beitrags lesen »

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President Trump and the Fall of Davos Man

Posted by hkarner - 11. November 2016

By Charles Gave, Mauldin Outside the BoxGave
Nov. 9, 2016

For decades, all around the world but especially in Europe, the notion of the sovereign nation has been under fierce attack. Leading the assault have been the international bureaucrats and a clique of economists in league with those I have dubbed the men of Davos, all of them resolute proponents of crony capitalism.

Until this year, the offensive worked for them like a dream. Unsurprisingly, it did not work so well for the mass of ordinary people, the poor “idiotes. The problem, as Pope John Paul II pointed out nearly 40 years ago, is that “individual freedom” can be exercised only in a democracy operating in a sovereign state. And as a Pole, he certainly knew what he was talking about.

Over the last few years, I have observed with mounting alarm how the exponents of this new international order were not only trying to destroy that “willingness to live together” which as Ernest Renan argued constitutes the essence of a nation, but that they were also tampering with interest rates, exchange rates and international trade – the very cogs which allow capitalism to work.

So these men of Davos were not only intent on destroying our nations, they were also destroying our standard of living. Presumably this was because their attempts to destroy local sovereignty were not succeeding in creating faster growth. Apparently they reasoned that if destroying sovereignty does not work, then destroying the financial expression of that sovereignty – national currencies – would have more success. Inevitably under such stewardship, the world economy has gone from bad to worse. Den Rest des Beitrags lesen »

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