Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Trump’

Back to Basics: How to Make Right What Trump Gets Wrong

Posted by hkarner - 17. April 2019

Date: 16-04-2019
Source: Foreign Affairs By Kori Schake

U.S. President Donald Trump’s sharp-elbowed nationalism, opposition to multilateralism and international institutions, and desire to shift costs onto U.S. allies reflect the American public’s understandable weariness with acting as the global order’s defender and custodian. Over the last three decades, post–Cold War triumphalism led to hubris and clouded strategic thinking. After the 9/11 attacks, Washington stumbled badly in Afghanistan and Iraq; more recently, Russia has reasserted itself in eastern Europe and the Middle East, and China’s economic and military power have significantly expanded. Even among Trump’s opponents, these developments have led many to conclude that the only solution is a fundamental rethinking of U.S. strategy. Den Rest des Beitrags lesen »

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What America Can Achieve After Trump

Posted by hkarner - 17. April 2019

Date: 16-04-2019
Source: Foreign Affairs By Mira Rapp-Hooper and Rebecca Friedman Lissner
Subject: The Open World

Since the election of U.S. President Donald Trump in 2016, it has become commonplace to bemoan the fate of the U.S.-led liberal international order—the collection of institutions, rules, and norms that has governed world politics since the end of World War II. Many experts blame Trump for upending an otherwise sound U.S. grand strategy. They hope that once he is gone, the United States will resume the role it has occupied since the fall of the Soviet Union: as the uncontested hegemon ruling benevolently, albeit imperfectly, over a liberalizing world.

It won’t. Washington’s recent dominance was a historical anomaly that rested on a rare combination of favorable conditions that simply no longer obtain, including a relatively unified public at home and a lack of any serious rivals abroad. American leaders must recognize this truth and adjust their strategy accordingly. Den Rest des Beitrags lesen »

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U.S. Moves to Accelerate 5G Rollout in Race With China

Posted by hkarner - 14. April 2019

Date: 13-04-2019
Source: The Wall Street Journal

Trump pushes back against critics who say the U.S. is falling behind by relying on businesses to take the lead

WASHINGTON—President Trump touted U.S. progress in the race to next-generation 5G wireless infrastructure Friday—pushing back against critics who contend China is inching ahead—as his administration unveiled initiatives designed to advance the networks’ rollout.

Joined at the White House by hard-hat tower climbers, farmers and ranchers—representing groups that could benefit from 5G’s rollout in the U.S.—Mr. Trump said the emerging technology presents “astonishing and really thrilling opportunities.”

“The race to 5G is a race America must win,” he said, adding “it’s a race we will win.” Den Rest des Beitrags lesen »

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How not to weaken central banks’ independence

Posted by hkarner - 13. April 2019

Date: 11-04-2019
Source: The Economist: Free exchange

Why Stephen Moore and Herman Cain are poor picks for the Fed

There are more than a few echoes of the Nixon era in the presidency of Donald Trump. Monetary reverberations are among them. Facing re-election in 1972, Richard Nixon felt he needed a strong economy at his back, and made a habit of haranguing Arthur Burns, the chairman of the Federal Reserve at the time. Burns recounted the meetings in his diaries: “The president looked wild; talked like a desperate man; fulminated with hatred against the press; took some of us to task…” Historians reckon Burns was too accommodating of Nixon’s demands, and so helped launch the inflation of the 1970s. Mr Trump is now waging his own assault on the Fed’s independence. He has repeatedly complained about the central bank’s decisions and urged it to take a more doveish stance.

More strikingly Mr Trump, who has already chosen three of the five sitting members of the Fed’s board of governors, has named Stephen Moore and Herman Cain to fill the remaining two vacancies. In contrast to candidates who have come before, both are political activists. But the parallel with the 1970s is less apt than it seems. There are different ways to politicise monetary policy, and Mr Trump’s is particularly poisonous. Den Rest des Beitrags lesen »

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And we are still stuck with Trump and that is far worse!

Posted by hkarner - 4. April 2019

Date: 03-04-2019
Source: The Wall Street Journal

Subject: Trump to Fed Chairman Powell: ‘I Guess I’m Stuck With You’

The president blasted the central bank and its leader at three meetings in the past week alone

Federal Reserve Chairman Jerome Powell on Capitol Hill in Washington in February.

WASHINGTON—President Trump is blaming the Federal Reserve for holding back the economy and stock market despite the central bank’s recent decision to do two things he wanted—halt rate increases and stop shrinking its asset portfolio.

The president blasted the Fed and Chairman Jerome Powell at three meetings in the past week alone, telling Republican senators, supporters and staffers that if it wasn’t for the central bank’s past rate increases, economic output and stocks would be higher and the U.S. budget deficit would be rising less. Den Rest des Beitrags lesen »

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The Trump Contagion

Posted by hkarner - 26. März 2019

Bandy X. Lee, a forensic psychiatrist at Yale School of Medicine and an expert on violence, is President of the World Mental Health Coalition.

Ruth Ben-Ghiat is Professor of History and Italian Studies at New York University and an expert on authoritarian regimes and their leaders.

US President Donald Trump’s growing rages may partly be the result of cognitive decline, suggested, for example, by his deteriorating ability to form complete sentences, use complex words, and maintain a coherent train of thought. What is certain is that Trump is putting the world at risk.

NEW YORK – Mental health professionals and others have been trying to warn the public about the dangers of US President Donald Trump since his election. Trump’s extreme narcissism, sadism, lack of empathy, and admiration for despots are on daily display. Some may wish to see him as a self-absorbed clown, but he is a clear and present danger to the world who must be prevented from leading (or misleading) it to disaster.

With the release of special counsel Robert Mueller’s report, the dangers have greatly multiplied. While we have not seen the actual text – only a version of it rendered by the president’s political ally, US Attorney General William Barr – Mueller’s purported conclusion that Trump did not collude with Russian President Vladimir Putin will likely embolden Trump to attack. What makes the Mueller claim especially disastrous is the reality of tacit collusion staring us in the face. Trump ran his 2016 campaign while secretly trying to score a real-estate mega-deal in Moscow (and, as usual, lying about it to the public). He publicly opined on canceling sanctions against Russia while pursuing this deal. Den Rest des Beitrags lesen »

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Trump’s Counter-Intelligence Strategy

Posted by hkarner - 25. März 2019

Date: 24-03-2019
Source: Project Syndicate by Kent Harrington

Kent Harrington, a former senior CIA analyst, served as National Intelligence Officer for East Asia, Chief of Station in Asia, and the CIA’s Director of Public Affairs.

Although Donald Trump is not the first US president to have reservations about America’s spies, he is the first to attack the intelligence community so openly. As US intelligence analysts‘ job becomes ever more difficult, other national-security policymakers must support them in providing in-depth, fact-based assessments.

ATLANTA – For more than two years, US President Donald Trump has heaped praise on the world’s authoritarians, disrespected America’s democratic allies, and pursued an ego-driven effort to solve the Gordian knot of North Korea’s nuclear weapons program. But now, the effects of Trump’s demented foreign policies are coming home to roost. Nowhere is this more evident than in the United States’ intelligence agencies, where professionals charged with safeguarding the country’s national security are struggling to acquaint the president with realities he does not want to see. Den Rest des Beitrags lesen »

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How Are Those Steel Tariffs Working?

Posted by hkarner - 19. März 2019

Date: 18-03-2019
Source: The Wall Street Journal By The Editorial Board

Let’s look at the evidence a year later in jobs and trade flows.

President Trump declared steel imports a national security threat last March and vowed to fight the metallic menace with a 25% tariff. As the President mulls a new tariff on European cars, it’s worth examining how his steel tariff policy is faring a year later by the standards of its own professed protectionist goals.

• Trade deficit. “We need and we will get lower trade deficits, and we will stop exporting jobs and start exporting more products instead,” Commerce Secretary Wilbur Ross said last March after the President announced his steel tariffs. We disagree with the President’s preoccupation with trade deficits, which are affected more by capital flows and currency values than trade policy. Den Rest des Beitrags lesen »

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Posted by hkarner - 18. März 2019

Date: 16-03-2019
Source: The Guardian By Frans de Waal
Subject: What animals can teach us about politics

Decades of studying primates has convinced me that animal politics are not so different from our own – and even in the wild, leadership is about much more than being a bully.

In July 2017, when Sean Spicer, then the White House press secretary, was discovered hiding in the bushes to dodge questions from reporters, I knew Washington politics had become truly primatological. A few weeks earlier, James Comey had intentionally worn a blue suit while standing at the back of a room with blue curtains so as to blend in. The FBI director hoped to go unnoticed and avoid a presidential hug. (The tactic failed.)

Making creative use of the environment is primate politics at its best, as is the role of body language such as sitting on a throne high above the grovelling masses, descending into their midst with an escalator or raising one’s arm so underlings can kiss your armpit (a pheromonal ritual invented by Saddam Hussein). The link between high evaluations of debate performances and the candidates’ heights is well known – taller candidates have a leg up. This advantage explains why short leaders bring along boxes to stand on during group photos. Den Rest des Beitrags lesen »

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