Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Trump’

Trump’s America: Anti-Intellectual and Proud of It

Posted by hkarner - 19. Oktober 2017

Date: 18-10-2017
Source: YaleGlobal by Louis René Beres

Donald Trump won the US presidency with less than a majority vote and governs with a level of support that struggles to reach 40 percent. The administration’s ineffective policies reflect a larger society that thrives on “an unrelenting barrage of crude and voyeuristic entertainments, most of which now center on sex, sadism, torture, murder and dreary profanity,” explains author Louis René Beres, professor emeritus of political science and international law at Purdue University. The Trump administration has satisfied a public desire for quick fixes and easy answers while many Americans are markedly less ambitious to dedicate the massive amounts of time, research and hard work required – so often with little guarantee of success – to tackle major global, national, cultural or industrial challenges let alone understand them. Both conservatives and liberals, rich and poor, are deeply unsatisfied with American governance. A solution, according to Beres, is for Americans to resist giving up on improving themselves intellectually as individuals, to embrace reason and to rediscover an appreciation for serious reading, thinking and debate. Otherwise, American society will encounter more inequality, substance abuse, conflict and despair and become „a vast wasteland of irretrievably lost human opportunity.“ – YaleGlobal Den Rest des Beitrags lesen »

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EU Official Sees Trump Team Cooperating Positively on Financial Rules

Posted by hkarner - 17. Oktober 2017

Date: 16-10-2017
Source: The Wall Street Journal

Valdis Dombrovskis sees ‘targeted adjustments,’ not push toward financial sector deregulation

Valdis Dombrovskis, who leads financial-services policy work at the European Union’s executive arm, said fears about President Donald Trump’s financial deregulatory agenda haven’t been realized.

WASHINGTON—European officials see cooperation with the Trump administration on financial sector oversight “developing in a positive way,” according to a top official who met with U.S. regulators on Friday.

European Commission Vice President Valdis Dombrovskis in an interview said European Union fears about President Donald Trump’s financial deregulatory agenda haven’t been realized. Den Rest des Beitrags lesen »

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Die Trump-Revolution marschiert

Posted by hkarner - 10. Oktober 2017

Gabor Steingart, Handelsblatt.com, 10/10/2017

Amerika erlebt einen politischen Hurrikan, dessen Zentrum sich zwischen State Department, Weißem Haus und Capitol Hill in ständiger Bewegung befindet und dessen Thermodynamik wir in Europa bald zu spüren bekommen. Es geht um Fragen zu Krieg und Frieden, auch wenn sie sich derzeit hinter einer Nebelwand von persönlichen Anschuldigungen zu verbergen scheinen.

Kaum hat Außenminister Rex Tillerson seinen Präsidenten in vertrauter Runde einen „Deppen” genannt, meldet sich via Twitter der dem Außenminister eng verbundene Senator Bob Corker zu Wort, seines Zeichens oberster Republikaner im Auswärtigen Ausschuss des Senats. Es sei eine Schande, dass sich das Weiße Haus zu einem „adult day care center“, einer Seniorentagesstätte, entwickelt habe.

Im Interview mit der „New York Times“ begründet der Mann seine harschen Worte so: „Ich weiß aus gesicherter Quelle, dass die Mitarbeiter im Weißen Haus an jedem einzelnen Tag alles geben, ihn einzudämmen.“ Ihn – den Präsidenten. Eindämmen – damit waren einst die Russen gemeint. Mit seinen unbeherrschten verbalen Angriffen auf andere Länder riskiere Trump, dass sich die Nation „auf den Weg in Richtung eines Dritten Weltkriegs begebe“. Den Rest des Beitrags lesen »

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Déjà Voodoo

Posted by hkarner - 5. Oktober 2017

Joseph E. StiglitzJoseph E. Stiglitz, recipient of the Nobel Memorial Prize in Economic Sciences in 2001 and the John Bates Clark Medal in 1979, is University Professor at Columbia University, Co-Chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD, and Chief Economist of the Roosevelt Institute. A former senior vice president and chief economist of the World Bank and chair of the US president’s Council of Economic Advisers under Bill Clinton, in 2000 he founded the Initiative for Policy Dialogue, a think tank on international development based at Columbia University. His most recent book is The Euro: How a Common Currency Threatens the Future of Europe.

A Trump administration staffed by plutocrats – most of whom gained their wealth from rent-seeking activities, rather than from productive entrepreneurship – could be expected to reward themselves. But the Republicans’ proposed tax reform is a bigger gift to corporations and the ultra-rich than most had anticipated.

NEW YORK – Having failed to “repeal and replace” the 2010 Affordable Care Act (“Obamacare”), US President Donald Trump’s administration and the Republican congressional majority have now moved on to tax reform. Eight months after assuming office, the administration has been able to offer only an outline of what it has in mind. But what we know is enough to feel a deep sense of alarm. 

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The International Consequences of US Tax Reform

Posted by hkarner - 1. Oktober 2017

Martin Feldstein, Professor of Economics at Harvard University and President Emeritus of the National Bureau of Economic Research, chaired President Ronald Reagan’s Council of Economic Advisers from 1982 to 1984. In 2006, he was appointed to President Bush’s Foreign Intelligence Advisory Board, and, in 2009, was appointed to President Obama’s Economic Recovery Advisory Board. Currently, he is on the board of directors of the Council on Foreign Relations, the Trilateral Commission, and the Group of 30, a non-profit, international body that seeks greater understanding of global economic issues.

The proposed shift to a territorial tax system is likely to have far-reaching effects on US corporations’ behavior. But that change, together with a reduction in the 35% corporate-tax rate, could trigger another round of tax reform among developed countries seeking to improve their attractiveness to internationally mobile capital.

CAMBRIDGE – The United States Congress is likely to enact a major tax reform sometime during the next six months. Although the new rules will apply only to American taxpayers, they will have important consequences for companies and markets around the world.

The most important changes will apply to US corporations rather than to individual taxpayers. Of these reforms, the one with the most obvious and direct international impact will be the change in the taxation of US corporations’ foreign subsidiaries.

The current US rule is unique among all major advanced economies. Consider the example of a subsidiary of a US corporation that earns profits in Ireland. That subsidiary pays the Irish corporate tax at Ireland’s low 12% rate. It is then free to reinvest the after-tax profits in Ireland, in financial securities, or in operating businesses anywhere in the world – except the US. Den Rest des Beitrags lesen »

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Trump on the Warpath

Posted by hkarner - 29. September 2017

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 of the UN Sustainable Development Solutions Network. His books include The End of Poverty, Common Wealth, The Age of Sustainable Development, and, most recently, Building the New American Economy.

The US suffers from an arrogance of military power disconnected from today’s geopolitical realities. The US is on this path again, heading for a collision with a nuclear-armed adversary, and it will remain on it unless other countries, other American leaders, and public opinion block the way.
NEW YORK – Fifteen years after George W. Bush declared that Iraq, Iran, and North Korea formed “an axis of evil,” Donald Trump, in his maiden address to the United Nations, denounced Iran and North Korea in similarly vitriolic terms. Words have consequences, and Trump’s constitute a dire and immediate threat to global peace, just as Bush’s words did in 2002.

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Trump’s UN Hypocrisy

Posted by hkarner - 29. September 2017

Christopher R. Hill, former US Assistant Secretary of State for East Asia, was US Ambassador to Iraq, South Korea, Macedonia, and Poland, a US special envoy for Kosovo, a negotiator of the Dayton Peace Accords, and the chief US negotiator with North Korea from 2005-2009. He is currently Dean of the Korbel School of International Studies, University of Denver, and the author of Outpost.

US President Donald Trump’s tone in his maiden address to the United Nations was that of a dissatisfied tenant, blaming the landlord for his home’s poor state of repair. But the UN is only as good as those who inhabit it, not least the US itself.

DENVER – US President Donald Trump’s first address to the United Nations General Assembly will be remembered, above all, for its bizarre language, and its descriptions of North Korea as “depraved,” Iran as “murderous,” and Cuba and Venezuela as “corrupt.” And, beyond calling out miscreant member states by name, Trump also offered a fervent defense of his “America First” agenda.

But while Trump’s particular choice of words was new to the UN, his arguments were not. He pointed out, with some justification, that other countries also put their own national interests first. And he reprised a longstanding complaint within US foreign-policymaking circles: that it is somehow excessive and unfair to expect American taxpayers to pay for 22% of the UN’s total budget.

After calling on the General Assembly to do its part to implement and then enforce sanctions against North Korea, Trump said, “Let’s see how they do.” But referring to the UN as “they” implies that it is something apart from the US. Trump’s tone was that of a dissatisfied tenant, blaming the landlord for his home’s poor state of repair. But the UN is only as good as those who inhabit it, not least the US itself. Den Rest des Beitrags lesen »

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Insider: Trumps „großartige“ Steuerpläne stehen vor Veröffentlichung

Posted by hkarner - 26. September 2017

Die Körperschaftssteuer soll von 35 Prozent auf bis zu 18 Prozent sinken. Wichtige Details bleiben offen.

Bereits im Wahlkampf hatte US-Präsident Donald Trump damit getrommelt: Er werde in seiner Amtszeit eine „großartige“ Steuerreform auf den Weg bringen.

Dieses Wahlversprechen war ähnlich zentral wie jenes, die von seinem Vorgänger eingeführte staatliche Gesundheitsversorgung – vulgo „Obamacare“ – abzuschaffen (was bisher nicht zuletzt aufgrund des Widerstands in der eigenen Partei nicht gelang).

Ende April ließ Trump erstmals mit seinen Steuersenkungsplänen aufhorchen: Er wolle die Belastung für börsenotierte Unternehmen von 35 auf 15 Prozent senken, hieß es damals. Im Grunde war die Ankündigung damals nicht mehr als eine Forderung an den Kongress, in dem die republikanische Mehrheit schon länger an der Reform arbeitete. Und sie hatte einen großen Schönheitsfehler: Die Regierung schlug keine Gegenfinanzierung für die Senkung vor, deren Kosten man auf über zwei Billionen Dollar in zehn Jahren schätzt. Trumps Team ging schlicht davon aus, die Maßnahme befeuere das Wachstum so stark, dass sie sich von selbst rechnet. Den Rest des Beitrags lesen »

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The Global Leadership Vacuum

Posted by hkarner - 20. September 2017

Javier Solana was EU High Representative for Foreign and Security Policy, Secretary-General of NATO, and Foreign Minister of Spain. He is currently President of the ESADE Center for Global Economy and Geopolitics, Distinguished Fellow at the Brookings Institution, and a member of the World Economic Forum’s Global Agenda Council on Europe.

Will Angela Merkel’s Germany ensure that great-power cooperation does not deteriorate beyond the point of no return in the Trump era? The answer to that question will likely determine if the international order has any order to speak of in the years ahead.

MADRID – Germany and China are chief among the countries whose economic policies have drawn US President Donald Trump’s ire. While the United States has the largest current-account deficit in the world, Germany and China are running the largest surpluses, and that irritates Trump and his advisers to no end. Den Rest des Beitrags lesen »

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A New Trump?

Posted by hkarner - 17. September 2017

Elizabeth Drew is a regular contributor to The New York Review of Books and the author, most recently, of Washington Journal: Reporting Watergate and Richard Nixon’s Downfall.

White House infighting may be quieter since John Kelly took over as Chief of Staff and imposed more order in the West Wing. But, so long as Trump is president, orderliness will not be the administration’s chief characteristic.

WASHINGTON, DC – It’s generally agreed in Washington, DC, that President Donald Trump’s presidency is entering a new phase. Defining just what that phase is, is proving to be problematic.

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