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Posts Tagged ‘Trump’

Trump Says Jews Who Vote for Democrats Show Ignorance, Disloyalty

Posted by hkarner - 22. August 2019

Date: 21-08-2019
Source: The Wall Street Journal

Jewish voters have long leaned heavily Democratic, with 71% voting for Hillary Clinton in 2016

WASHINGTON—President Trump on Tuesday questioned how Jewish Americans could vote for Democratic candidates, as he stepped up criticism of a pair of Democratic congresswomen who have been critical of Israel.

“I think any Jewish people that vote for a Democrat, I think it shows either a total lack of knowledge or great disloyalty,” the president said in the Oval Office during a stream of comments about Reps. Rashida Tlaib (D., Mich.) and Ilhan Omar (D., Minn.), the first two Muslim women members of Congress who were last week barred from entering Israel. Den Rest des Beitrags lesen »

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White House is Occupied by a VERY SICK President

Posted by hkarner - 22. August 2019

Date: 21-08-2019
Source: The Wall Street Journal
Subject: White House Cancels Trump’s Visit to Denmark After Greenland Flap

President cites Danish leader’s unwillingness to discuss purchase of Greenland as reason

Prime Minister Mette Frederiksen said purchasing Greenland was ‘an absurd discussion,’ though she said a closer relationship with the U.S. was welcome.

WASHINGTON—The White House on Tuesday canceled the president’s planned visit to Denmark after the prime minister said she wouldn’t entertain President Trump ’s proposal to purchase Greenland from the Scandinavian nation.

“Denmark is a very special country with incredible people, but based on Prime Minister Mette Frederiksen ’s comments, that she would have no interest in discussing the purchase of Greenland, I will be postponing our meeting scheduled in two weeks for another time,” Mr. Trump wrote on Twitter. Den Rest des Beitrags lesen »

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Trump Is Losing the Trade War With China

Posted by hkarner - 21. August 2019

Date: 20-08-2019
Source: The Wall Street Journal By Jason Furman

The markets doubt tariffs will bring about any major concessions. The U.S. needs a multilateral approach.

President Trump’s China strategy is failing. His tougher approach has yielded no meaningful Chinese concessions but is increasingly damaging the U.S. economy. Today China is more integrated with the rest of the world while the U.S. is more isolated. To combat China’s unfair, statist economic practices effectively, the U.S. must change its approach, enlisting allies and international institutions to advance a more focused set of demands.

Tariffs on China have caused clear harm to the U.S. economy in the short run. In the second quarter of this year they contributed to the decline in business fixed investment, and they’re likely subtracting about half a percentage point from growth in gross domestic product this year. This isn’t necessarily an indictment of Mr. Trump’s policy. When workers go on strike, they do so knowing they will lose wages in the short run, but they expect to recoup those losses through larger long-run wage increases. Den Rest des Beitrags lesen »

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Europe Must Oppose Trump

Posted by hkarner - 20. August 2019

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, Building the New American Economy, and most recently, A New Foreign Policy: Beyond American Exceptionalism.

European leaders should recognize that a significant majority of Americans reject Trump’s malignant narcissism. By opposing Trump and defending the international rule of law, Europeans and Americans together can strengthen world peace and transatlantic amity for generations to come.

NEW YORK – With Donald Trump due to visit Europe again for the G7 summit later this month, European leaders have run out of options for dealing with the US president. They have tried to charm him, persuade him, ignore him, or agree to disagree with him. Yet Trump’s malevolence is bottomless. The only alternative, therefore, is to oppose him.

The most immediate issue is European trade with Iran. This is no small matter. It is a battle that Europe cannot afford to lose.Trump is capable of inflicting great harm without compunction, and is now doing so by economic means and threats of military action. He has invoked emergency economic and financial powers that aim to push Iran and Venezuela to economic collapse. Den Rest des Beitrags lesen »

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Our Caesar Can the country come back from Trump?

Posted by hkarner - 19. August 2019

Date: 18-08-2019
Source: New York Magazine By Andrew Sullivan

The Republic already looks like Rome in ruins.

Four years after Donald Trump emerged as the most nakedly authoritarian candidate in American history, it’s tempting to view the threat he once seemed to pose as overblown. Upon his election, some panicked that he would be a proto-dictator, trampling every democratic institution in the fascist manner imported from Mussolini’s Italy and Hitler’s Germany. Others saw merely a malign, illiberal incompetent who would probably amount to nothing too threatening — or believed that America’s democratic institutions and strong Constitution would surely survive Trump’s strongman posturing, however menacing it appeared in the abstract. Many contended that his manifest criminality meant he would be dispatched in short order, with impeachment simply a matter of time.

It was all, unavoidably, unknown and unknowable — and so we cast around for historical analogies to guide us. Was this the 1930s, along the lines of Sinclair Lewis’s It Can’t Happen Here? Or the 19th century in Latin America, with Trump an old-school caudillo? Was he another demagogue like George Wallace or Huey Long — but in the White House?

Well, we now have a solid record of what Trump has said and done. And it fits few modern templates exactly. He is no Pinochet nor Hitler, no Nixon nor Clinton. His emergence as a cultish strongman in a constitutional democracy who believes he has Article 2 sanction to do “whatever I want” — as he boasted, just casually, last month — seems to have few precedents. Den Rest des Beitrags lesen »

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Trump’s Assault on the Global Trading System

Posted by hkarner - 17. August 2019

Date: 16-08-2019
Source: Foreign Affairs By Chad P. Bown And Douglas A. Irwin

And Why Decoupling From China Will Change Everything 

Donald Trump has been true to his word. After excoriating free trade while campaigning for the U.S. presidency, he has made economic nationalism a centerpiece of his agenda in office. His administration has pulled out of some trade deals, including the Trans-Pacific Partnership (TPP), and renegotiated others, including the North American Free Trade Agreement (NAFTA) and the U.S.-Korea Free Trade Agreement. Many of Trump’s actions, such as the tariffs he has imposed on steel and aluminum, amount to overt protectionism and have hurt the U.S. economy. Others have had less obvious, but no less damaging, effects. By flouting international trade rules, the administration has diminished the country’s standing in the world and led other governments to consider using the same tools to limit trade arbitrarily. It has taken deliberate steps to weaken the World Trade Organization (WTO)—some of which will permanently damage the multilateral trading system. And in its boldest move, it is trying to use trade policy to decouple the U.S. and Chinese economies. Den Rest des Beitrags lesen »

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Last Exit Before a Cold War?

Posted by hkarner - 15. August 2019

Date: 14-08-2019
Source: The Wall Street Journal By Holman W. Jenkins, Jr.

What China would say if it really understood President Trump’s ideas about trade.

For the eyes of Donald Trump only, a secret letter from China’s worried maximum leader, Xi Jinping :

Dear Donald,

As the mice and men in your country would have predicted, our little trade negotiation has gone awry. If I am forced to take measures in Hong Kong, it may be a long time before we can talk again. So let us settle things now.

Your negotiators keep bringing me demands that I cannot fulfill. They want me to reorganize the Chinese economy. They want me to relinquish many kinds of control necessary to the Communist Party.

Donald, who are these proposals even aimed at? If I understand how American bureaucracy works, I think maybe they are aimed at you. Your assistants want you to adopt the bureaucracy’s trade policy instead of your own. Your trade officer Robert Lighthizer and Treasury Secretary Steven Mnuchin can’t even guarantee you will withdraw your tariffs, which should be the starting point of any negotiation. Den Rest des Beitrags lesen »

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Posted by hkarner - 14. August 2019

FURCHE-Kolumne 273 Wilfried Stadler

Was für eine unglückliche Fügung: Inmitten sich aufschaukelnder Handels- und Währungskonflikte zwischen den USA und China ist Europa faktisch handlungsunfähig. Der langwierige Komplettaustausch aller Entscheidungsträger nach der Europawahl verbannt uns bis mindestens Ende Oktober auf die Reservebank der Weltpolitik. Was in normalen Zeiten kaum aufgefallen wäre, wird nun zum Glaubwürdigkeits-Problem. Fatalerweise verfestigt sich nämlich der Anschein, dass die Geschichte auch ohne die Mitwirkung von Europas Repräsentanten weitergeschrieben wird.

Getoppt wird dieser Eindruck noch durch die Brexit-Krise. Als sich die Abgeordneten der englischen Austrittspartei am Tag ihrer Angelobung im EU-Parlament beim Erklingen der Europa-Hymne demonstrativ wegdrehten, lieferten sie einen traurigen Beweis für den Grad an Absurdität, den ihr so hitzig verfolgtes Vorhaben  mittlerweile erreicht hat. Über den Ausgang dieses zuletzt von ihm in Eigenregie übernommenen Sommertheaters verrät der neue Premier Boris Johnson nur so viel: am 31. Oktober sollen – mit oder ohne Deal – die Zugbrücken hochgehen. Ein englischer Freund und Brexit-Gegner meinte kürzlich sarkastisch, wohl nicht zufällig werde dies der Abend von Halloween sein.

Der Ton, den Johnson dabei – wenn auch meist geistreicher – anstimmt, kopiert das Rollen-Modell des amerikanischen Präsidenten. Dieser macht bekanntlich aus seiner Verachtung gegenüber gemeinschaftlichen Zielsetzungen und übergeordneten Wertvorstellungen kein Hehl. Auf seinen Streifzügen durch den diplomatischen Porzellanladen bereitet es ihm offensichtliches Vergnügen, auf vielen der mühsam errungenen Kostbarkeiten des Multilateralismus herum zu trampeln – vom Boykott des Pariser Klimaabkommen bis zur Aufhebung des vor dreißig Jahren zustande gekommenen Atomwaffensperrvertrages. Den Rest des Beitrags lesen »

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„Bitte sofort anschnallen“: Der globale Abschwung erreicht das Finanzsystem

Posted by hkarner - 14. August 2019

Dank an H.G.! 

Michael Bernegger | Veröffentlicht: 12.08.19 18:46 Uhr, dwn

Zwischen der schwächelnden Weltwirtschaft und den Finanzmärkten haben sich extreme Ungleichgewichte aufgebaut.

Die Spannung wird sich in naher Zukunft in einem gewalttätigen Sturm entladen – mit verheerenden Folgen für Staaten, Unternehmen und Bürger, schreibt Michael Bernegger.

Für die Weltwirtschaft – Deutschland und Europa im Besonderen – braut sich ein heftiger Sturm zusammen. Bis jetzt waren Vorboten in Form von
Unternehmensbefragungen vor allem in der verarbeitenden Industrie sichtbar – Einkaufs-Manager- (PMI-) Indizes, IFO-Test für Deutschland. Doch die
Finanzmärkte signalisierten ein anderes Bild: Risikoindikatoren Fehlanzeige, Aktienmärkte an den oder nahe den Höchstständen, Kreditflut etc. Diese
Dichotomie dürfte sich allmählich auflösen. Die Auslöser sind: Verschärfung des Handelskrieges und der nahende Brexit.

Die Weltwirtschaft bot in den letzten Monaten das Bild einer gespaltenen Konjunktur. Praktisch weltweit verschlechterten sich die Indikatoren für die verarbeitende Industrie, wenn auch ungleich im Ausmaß. Am härtesten erwischte es die Eurozone und darin ausgerechnet Deutschland, letzteres aufgrund des Gewichts der Autoindustrie sowie der Exporte. Relativ gesehen noch gut schneiden die Vereinigten Staaten ab, wo die Vorlaufindikatoren immer noch leichte Expansion anzeigen. Global gesehen stand der Kontraktion oder zumindest Stagnation in der verarbeitenden Industrie ein weiterhin expandierender Dienstleistungssektor gegenüber. Nachfrageseitig wirkten vor allem der private und öffentliche Konsum konjunkturstützend, während die Investitionen auf erhöhtem Niveau stagnierten oder bereits abzubröckeln begannen. Den Rest des Beitrags lesen »

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Trump’s One-Way Economy

Posted by hkarner - 14. August 2019

Jim O’Neill, a former chairman of Goldman Sachs Asset Management and a former UK Treasury Minister, is Chair of Chatham House.

If these were normal times, recent global developments would be showing up as sharply rising risk premia. But with monetary policymakers trying to sustain the current growth cycle in the face of disruptions from an incompetent US administration, these are anything but normal times.

LONDON – Nowadays, when people ask me how I am, I answer, jokingly, that I’m doing great, so long as I ignore Donald Trump’s presidency in the United States, Brexit, the crisis of the United Kingdom’s major political parties, and the performance of Manchester United.

But recently, the litany of unfortunate circumstances has gotten so long that the joke is hard to pull off. One now must also list the political in Hong Kong, a burgeoning diplomatic and economic dispute between Japan and South Korea, the Indian government’s of Jammu and Kashmir’s autonomy – and India-Pakistan tensions more generally – and growing turmoil within South Africa’s ruling African National Congress.Making matters worse, this has been a particularly rough summer in terms of the weather: heat waves across Europe and the US have served as a forceful reminder of the growing effects of climate change on our everyday lives. Den Rest des Beitrags lesen »

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