Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Trump’

Trade Tensions With Europe Flare as Trump Flexes Economic Muscle

Posted by hkarner - 23. Januar 2020

Date: 22‑01‑2020

Source: The Wall Street Journal

President says he will impose new tariffs on European car imports if EU doesn’t agree to a new trade pact

President Trump talked Tuesday to reporters at the World Economic Forum in Davos, Switzerland. He threatened European allies with new tariffs.

DAVOS, Switzerland—Fresh threats by the U.S. to place tariffs on some of its closest allies—just days after reaching an initial trade deal with China—show that economic pressure remains President Trump’s weapon of choice in international disputes.

Even as he lauded the phase‑one deal the U.S. signed with China last week, Mr. Trump on Tuesday threatened another trade fight with Europe. Mr. Trump, in an interview on the sidelines of the World Economic Forum, said he would impose new tariffs on European car imports if the European Union didn’t agree to a new trade agreement.

Hours earlier, U.S. Treasury Secretary Steven Mnuchin  warned that Italy and Britain would face U.S. levies if they proceeded with a tax on American digital giants such as Alphabet Inc.’s Google and Facebook Inc Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , | Leave a Comment »

Trump’s greatest ally in the coming election? Facebook

Posted by hkarner - 22. Januar 2020

Date: 21‑01‑2020

Source: The Guardian by John Harris

The internet giant has exempted politics from regulations on falsehood. Good news for a candidacy built on lies

‘The most egregious aspect of the way Facebook treats politics remains untouched.’ An anti‑Facebook protest at the US Capitol Building in 2018.

If you want to know why the worst president in US history currently stands a very good chance of winning again, consider a few facts. Donald Trump’s re‑election campaign is already in full flow, brimming with cash, drenching social media with targeted ads, and reaping oceans of data on voters.

The impeachment drama is, predictably enough, the perfect opportunity to put out material that plays to the idea of Trump as a noble maverick, struggling against the liberal conspiracy implied by his online questionnaires: “Do you agree that President Trump has done nothing wrong? Do you believe the Democrats will try and make up LIES to impeach the president?” Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , | Leave a Comment »

Trump’s Backward March on Trade

Posted by hkarner - 21. Januar 2020

Anne O. Krueger, a former World Bank chief economist and former first deputy managing director of the International Monetary Fund, is Senior Research Professor of International Economics at the School of Advanced International Studies, Johns Hopkins University, and Senior Fellow at the Center for International Development, Stanford University.

After three years of the Trump administration, the economic costs of „America First“ are continuing to mount, with global trade and GDP growth slowing and investment in decline. Ironically, the biggest loser has been America.

WASHINGTON, DC – Following America’s disastrous 1930 Smoot-Hawley Tariff Act, the subsequent international trade war, and eventually World War II, the United States went on to lead the world toward a more open multilateral trading system. In 1947, the international community adopted the General Agreement on Tariffs and Trade, which would later become the World Trade Organization. Under this international body, trade was bound to the rule of law and the principle of non-discrimination among trading partners.

The system has been a huge success. Over the past seven decades, world trade has grown almost twice as fast as real output. And owing to US leadership, there have been ongoing multilateral negotiations to lower tariffs, remove other barriers (such as quantitative import restrictions), and facilitate trade expansion.But in 2017, US President Donald Trump’s new administration abandoned America’s longstanding commitment to the open multilateral trading system, opting instead for a power-based approach to international economic relations. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , , | Leave a Comment »

A Very Stable Genius review: dysfunction and disaster at the court of King Donald

Posted by hkarner - 20. Januar 2020

Date: 19‑01‑2020

Source: The Guardian

Carol Leonnig and Philip Rucker, Pulitzer‑winning Washington Post reporters, have produced a vital and alarming read

Donald Trump speaks in Bossier City, Louisiana.

In January 2018, Michael Wolff’s Fire and Fury made headlines as it depicted a president out of control and a White House that careened from crisis to crisis. Donald Trump threatened legal action against author and publisher. He also lauded himself and his electoral college victory: “I think that would qualify as not smart, but genius … and a very stable genius at that!”

Trump’s outburst confirmed what many already feared. In the aftermath of the firing of FBI director James Comey in May 2017, Rod Rosenstein, then deputy attorney general, reportedly weighed secretly recording the president with an eye to removing him from office under the 25th amendment.

Now Philip Rucker and Carol Leonnig of the Washington Post offer A Very Stable Genius. As befitting Pulitzer winners for investigative reporting, their book is richly sourced and highly readable.

It sheds new light on how the 45th president tests the boundaries of the office while trying the patience and dignity of those who work for or with him. It is not just another Trump tell‑all or third‑party confessional. It is unsettling, not salacious. Den Rest des Beitrags lesen »

Posted in Artikel, Books | Verschlagwortet mit: , , , , | Leave a Comment »

The Truth About the Trump Economy

Posted by hkarner - 19. Januar 2020

Joseph E. Stiglitz

Joseph E. Stiglitz, a Nobel laureate in economics, is University Professor at Columbia University and Chief Economist at the Roosevelt Institute. His most recent book is People, Power, and Profits: Progressive Capitalism for an Age of Discontent.

It is becoming conventional wisdom that US President Donald Trump will be tough to beat in November, because, whatever reservations about him voters may have, he has been good for the American economy. Nothing could be further from the truth.

NEW YORK – As the world’s business elites trek to Davos for their annual gathering, people should be asking a simple question: Have they overcome their infatuation with US President Donald Trump?

Two years ago, a few rare corporate leaders were concerned about climate change, or upset at Trump’s misogyny and bigotry. Most, however, were celebrating the president’s tax cuts for billionaires and corporations and looking forward to his efforts to deregulate the economy. That would allow businesses to pollute the air more, get more Americans hooked on opioids, entice more children to eat their diabetes-inducing foods, and engage in the sort of financial shenanigans that brought on the 2008 crisis. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , | Leave a Comment »

Trump’s Poodle

Posted by hkarner - 15. Januar 2020

Boris Johnson: Replace Iran nuclear plan with ‚Trump deal‘, says PM

The PM has said the Iran nuclear deal should be replaced with a „Trump deal“.

Boris Johnson said he recognised US concerns the 2015 deal was „flawed“, but there had to be a way of stopping Tehran from acquiring nuclear weapons.

„If we’re going to get rid of it then we need a replacement,“ he told BBC Breakfast. „Let’s replace it with the Trump deal.“

His comments came as the UK, France and Germany triggered a dispute mechanism in the deal after violations by Iran.

There are growing fears for the future of the 2015 Joint Comprehensive Plan of Action (JCPOA), which was abandoned by the US in 2018.

Iran has suspended all limits on its production of enriched uranium, which can be used to make reactor fuel but also nuclear weapons. It has said it is responding to sanctions reinstated by the US.

In a joint statement, the three European powers said Iran was not „meeting its commitments“ and it was referring the issue to the body which enforced the agreement to try and ensure Tehran returned to compliance as soon as possible.

„We do this in good faith with the overarching objective of preserving the JCPOA,“ it added.

‚Need a replacement‘

Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

Trump announces plan to acquire a book – about himself

Posted by hkarner - 11. Januar 2020

Date: 10‑01‑2020

Source: The Guardian

President said Thursday – while announcing a rollback of environmental regulations that he plans to read Donald J Trump: An Environmental Hero

Trump re‑writes environmental protections and says ‚I am a big believer in the environment‘

Donald Trump is going to acquire a book.

The book in question, as Gizmodo reported on Thursday, is titled Donald J Trump: An Environmental Hero, by Edward Russo. And the shocking news emerged as the president announced a rollback of environmental regulations at the White House, taking an ax to the environmental review process required for infrastructure projects. The move, which he pitched as a way around “endless delays” to various projects, poses a new threat to the climate and is likely to face legal challenges.

The president’s war on the environment is nothing new. His plan to bury his nose in a book is.

Trump isn’t known for his literary bona fides. Though the bestseller The Art of the Deal helped make his name, it was ghostwritten by Tony Schwartz – who deeply regrets his work on the book. Ghostwriters have been involved in most, if not all, of his many other volumes. “He doesn’t read books and he doesn’t write them, Schwartz told the Independent in 2018. (The late night host Samantha Bee has developed a conspiracy theory that Trump can’t read at all.) Den Rest des Beitrags lesen »

Posted in Books | Verschlagwortet mit: , | Leave a Comment »

America’s Dangerous Iran Obsession

Posted by hkarner - 10. Januar 2020

Jeffrey D. Sachs, Professor of Sustainable Development and Professor of Health Policy and Management at Columbia University, is Director of Columbia’s Center for Sustainable Development and the UN Sustainable Development Solutions Network. His books include The End of Poverty, Common Wealth, The Age of Sustainable Development, Building the New American Economy, and most recently, A New Foreign Policy: Beyond American Exceptionalism.

The US, seemingly with no awareness of its recent history with Iran, and led by an emotionally unbalanced president who believes he may commit murder and get away with it, is still acting out a 40-year-old psychological trauma. As usual, it’s others who are most at risk.

NEW YORK – US President Donald Trump’s order to assassinate Iran’s General Qassem Suleimani while on an official mission to Iraq was widely hailed in Trump’s jingoistic Republican Party. Government-sanctioned murders of foreign officials, clerics, and journalists are commonplace nowadays. Yet there is something special about America’s bloodlust against Iran. It is a 40-year-old obsession that has now brought the United States and Iran to the brink of war.

Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , | Leave a Comment »

Trump’s Gift to China

Posted by hkarner - 10. Januar 2020

Minxin Pei is Professor of Government at Claremont McKenna College and a non-resident senior fellow at the German Marshall Fund of the United States.

If anyone was celebrating Donald Trump’s decision to kill Iran’s General Qassem Suleimani, it was Chinese President Xi Jinping. After all, escalating tensions with Iran will distract the US from its competition with China, just as the 9/11 attacks did a generation ago.

CLAREMONT, CALIFORNIA – US President Donald Trump’s decision to order the assassination of Qassem Suleimani, Iran’s most powerful military commander, has raised the specter, albeit still distant, of all-out war between the United States and the Islamic Republic. There is only one winner in this situation: China.

With Trump’s latest blunder, history may not be repeating itself, but it is certainly rhyming. When George W. Bush began his presidency in January 2001, his neoconservative advisers identified China as the biggest long-term threat to the US. So his administration labeled China a “strategic competitor” and set to work on containing America’s Asian rival.In April 2001 – the same month a US Navy spy plane accidentally collided with a Chinese fighter jet while on a routine surveillance mission over the South China Sea – the US announced the sale of a weapons package to Taiwan over Chinese protests. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , | Leave a Comment »

Freedom without constraints: how the US squandered its cold war victory

Posted by hkarner - 9. Januar 2020

Date: 07‑01‑2020

Source: The Guardian By Andrew Bacevich

The US believed the American way of life was humankind’s ultimate destiny.

But unrestrained greed has led to an era of injustice and division.

‘Without the Cold War, what’s the point of being an American?” Harry “Rabbit” Angstrom, the novelist John Updike’s late‑20th‑century everyman, posed that question just as the “long twilight struggle” was winding down. More than quarter of a century later, the plaintive query still awaits a definitive answer.

Indeed, the passage of time has only sown confusion about whether there is a point to being an American. Even as the cold war was ending, Updike’s everyman was not alone in feeling at a loss. By the 1980s, the cold war had become more than a mere situation or circumstance. It was a state of mind.

Most Americans had come to take its existence for granted. Like the polar ice cap or baseball’s status as the national pastime, it had acquired an appearance of permanence. So its passing caught citizens unaware. Those charged with managing the cold war were, if anything, even more surprised. The enterprise to which they had devoted their professional lives had suddenly vanished. Here was a contingency that the sprawling US national security apparatus, itself a product of the anti‑communist crusade, had failed to anticipate. Den Rest des Beitrags lesen »

Posted in Books | Verschlagwortet mit: , , , , , | Leave a Comment »