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....The plan faces significant obstacles because of the need for Democratic support, and “reconciliation” rules that place strict limits on any tax cuts that result in increases to the deficit. The Senate majority leader, Mitch McConnell, indicated on Tuesday that Republicans would have to use the reconciliation process, which requires tax cuts to be balanced out with spending cuts. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 06:35:17 PM
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.... . Similarly during the 2012 US presidential election, undecided and neutral states began to be identified as purple by the media - a blend of the Democratic blue and Republican red colours. ... [Read full article on BBC ]
Tuesday 25th of April 2017 11:08:21 PM
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....The chamber claims to be a bipartisan organisation but has become increasingly partisan. For the first time last year, 100% of its election spending backed Republican candidates. ... [Read full article on Guardian ]
Monday 24th of April 2017 11:00:17 AM
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....Secretary Mnuchin, joined White House chief economic adviser Gary Cohn on Wednesday to announce the tax proposal, which he billed as "the biggest tax cut" in history, but it is unclear whether that will really prove to be the case. During his presidential campaign, Donald Trump released a tax plan that was fairly traditional by Republican standards and fairly light on details. ... [Read full article on BBC ]
Wednesday 26th of April 2017 12:20:53 PM
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....What lies behind the astronomical increase in value of the Fangs? To a certain extent, they’ve been buoyed by the same tide that raised US shares to record highs this year, the election of Donald Trump. The new president may threaten trade wars and real wars, and prompt unheard-of levels of domestic unrest, but to Wall Street investors, all that pales in comparison to a couple of policy proposals that have been on the cards since the day he won the Republican nomination - lower corporation taxes and a tax holiday on repatriated cash. ... [Read full article on Guardian ]
Saturday 29th of April 2017 08:00:25 AM
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.... . He's put millions into Republican causes, backing the failed presidential campaigns of Mitt Romney, Marco Rubio and Rudy Giuliani. ... [Read full article on BBC ]
Sunday 23rd of April 2017 06:58:24 AM
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....The Cantor Fitzgerald event is scheduled for September, with Obama being described as the keynote speaker at a lunch during the healthcare conference. The firm, which had offices in the World Trade Center and lost two-thirds of its staff in the September 11 attacks, is not known for its Democratic links: Howard Lutnick, Cantor’s chairman and chief executive, is reported to have backed Jeb Bush, the Republican who lost out to Donald Trump for the party’s presidential nomination. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 09:28:37 AM
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.... they’ve outsmarted our politicians for years”. The initial reports that Trump was considering pulling out of the trade agreement brought a horrified reaction from a number of top Republicans. ... [Read full article on Guardian ]
Thursday 27th of April 2017 03:51:09 AM
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....The "pay for itself" argument in favour of tax cuts has a long and contested history in the US, with many doubting that the evidence bears out the theory. Lower tax rates mean less tax revenue - which could be a serious problem for Republicans in Congress worried about national debt and a ballooning deficit. ... [Read full article on BBC ]
Wednesday 26th of April 2017 03:35:41 PM
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....In the end, Trump will only get his corporate tax cut implemented with the agreement of Congress. Both Republicans and Democrats will want to know how the president intends to make up for the loss of revenue that a cut of this magnitude will cause. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 03:33:00 PM
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....or pay big border tax!. Even the Kochs, usually every Republican president’s favorite rightwing billionaires, aren’t happy with Trump’s tough talk on trade. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 10:00:45 AM
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Latest Finance News related to Republican

Fangs: the lightning rise of Facebook, Amazon, Netflix and Google image
Source : Guardian [Read Article] Saturday 29th of April 2017 08:00:25 AM
....What lies behind the astronomical increase in value of the Fangs? To a certain extent, they’ve been buoyed by the same tide that raised US shares to record highs this year, the election of Donald Trump. The new president may threaten trade wars and real wars, and prompt unheard-of levels of domestic unrest, but to Wall Street investors, all that pales in comparison to a couple of policy proposals that have been on the cards since the day he won the Republican nomination - lower corporation taxes and a tax holiday on repatriated cash. ...
Donald Trump to stick with Nafta free trade pact – for now image
Source : Guardian [Read Article] Thursday 27th of April 2017 03:51:09 AM
.... they’ve outsmarted our politicians for years”. The initial reports that Trump was considering pulling out of the trade agreement brought a horrified reaction from a number of top Republicans. ...
Trump under fire over 'huge tax cut for the rich' image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:35:17 PM
....The plan faces significant obstacles because of the need for Democratic support, and “reconciliation” rules that place strict limits on any tax cuts that result in increases to the deficit. The Senate majority leader, Mitch McConnell, indicated on Tuesday that Republicans would have to use the reconciliation process, which requires tax cuts to be balanced out with spending cuts. ...
In the small print image
Source : BBC [Read Article] Wednesday 26th of April 2017 03:35:41 PM
....The "pay for itself" argument in favour of tax cuts has a long and contested history in the US, with many doubting that the evidence bears out the theory. Lower tax rates mean less tax revenue - which could be a serious problem for Republicans in Congress worried about national debt and a ballooning deficit. ...
Voodoo Reaganomics won't save Trump on the Hill | Larry Elliot image
Source : Guardian [Read Article] Wednesday 26th of April 2017 03:33:00 PM
....In the end, Trump will only get his corporate tax cut implemented with the agreement of Congress. Both Republicans and Democrats will want to know how the president intends to make up for the loss of revenue that a cut of this magnitude will cause. ...
Trump seeks tax windfall for business image
Source : BBC [Read Article] Wednesday 26th of April 2017 12:20:53 PM
....Secretary Mnuchin, joined White House chief economic adviser Gary Cohn on Wednesday to announce the tax proposal, which he billed as "the biggest tax cut" in history, but it is unclear whether that will really prove to be the case. During his presidential campaign, Donald Trump released a tax plan that was fairly traditional by Republican standards and fairly light on details. ...
Barack Obama to be paid $400,000 for speech at Cantor Fitzgerald event image
Source : Guardian [Read Article] Wednesday 26th of April 2017 09:28:37 AM
....The Cantor Fitzgerald event is scheduled for September, with Obama being described as the keynote speaker at a lunch during the healthcare conference. The firm, which had offices in the World Trade Center and lost two-thirds of its staff in the September 11 attacks, is not known for its Democratic links: Howard Lutnick, Cantor’s chairman and chief executive, is reported to have backed Jeb Bush, the Republican who lost out to Donald Trump for the party’s presidential nomination. ...
Colour me image
Source : BBC [Read Article] Tuesday 25th of April 2017 11:08:21 PM
.... . Similarly during the 2012 US presidential election, undecided and neutral states began to be identified as purple by the media - a blend of the Democratic blue and Republican red colours. ...
What does the business world make of Trump 100 days in? The jury is still out image
....or pay big border tax!. Even the Kochs, usually every Republican president’s favorite rightwing billionaires, aren’t happy with Trump’s tough talk on trade. ...
Disney, the Gap and Pepsi urged to quit US Chamber of Commerce image
Source : Guardian [Read Article] Monday 24th of April 2017 11:00:17 AM
....The chamber claims to be a bipartisan organisation but has become increasingly partisan. For the first time last year, 100% of its election spending backed Republican candidates. ...
Packing a punch image
Source : BBC [Read Article] Sunday 23rd of April 2017 06:58:24 AM
The Guardian view on the IMF: a global institution in an age of protection | Editorial image
.... For the moment, Ms Lagarde is keeping her head down, hoping that in time Mr Trump will see the worth of her organisation. Past Republican presidents have appointed officials with a mission to cut the IMF down to size, only to support action in an emergency. ...
El Paso: the border city grappling with the ramifications of Trump's proposals image
.... The one good thing I would say is that we are more proud of who we are,” he says. And in this topsy turvy political climate, when a Republican president rails against free trade, the climate change-accepting, LGBT-friendly, free trade-loving O’Rourke is having a moment. ...
US senator presses Deutsche Bank for details of Trump loans image
Source : Guardian [Read Article] Wednesday 12th of April 2017 04:29:14 PM
.... Sources inside Deutsche said no link was found. But in his letter to Woodley, Van Hollen said he wanted more information about this internal review, triggered when Trump won the Republican nomination for president. ...
The new age of Ayn Rand: how she won over Trump and Silicon Valley image
Source : Guardian [Read Article] Monday 10th of April 2017 05:49:09 PM
.... Long the poster girl of a particularly hardcore brand of free-market fundamentalism – the advocate of a philosophy she called “the virtue of selfishness” – Rand has always had acolytes in the conservative political classes. The Republican speaker of the US House of Representatives, Paul Ryan, is so committed a Randian, he was famous for giving every new member of his staff a copy of Rand’s gargantuan novel, Atlas Shrugged (along with Freidrich Hayek’s Road to Serfdom). ...
Trump tax cut plan will be as big a flop as failed healthcare reforms | Nouriel Roubini image
. President Donald Trump’s first major legislative goal – to “repeal and replace” the 2010 Affordable Care Act (“Obamacare”) – has already imploded, owing to Trump and congressional Republicans’ naivety about the complexities of healthcare reform. ...
Donald Trump tells banks he will give laws a 'haircut' image
Source : BBC [Read Article] Tuesday 4th of April 2017 09:50:19 PM
....Mr Trump had promised during his election campaign to relax rules on big banks, and subsequently ordered a review of the industry's regulations. Michelle Fleury, the BBC's New York business correspondent, says Republican policymakers are trying to see how they can pay for tax cuts. ...
US withdraws funding for United Nations Population Fund image
Source : BBC [Read Article] Tuesday 4th of April 2017 03:39:15 AM
.... Its works include:. The UN Population Fund has often been the target of conservative Republican administrations, the BBC's Nada Tawfik in New York reports. ...
Trump must convert surging US confidence into real growth | Mohamed El-Erian image
....Donald Trump’s election as US president has triggered a surge in positive economic sentiment, because he pledged that his administration would aggressively pursue the policy trifecta of deregulation, tax cuts and reform, and infrastructure construction. Republican majorities in both houses of Congress reinforced the positive sentiment, as they signalled Trump would not face the kind of paralysing gridlock that Barack Obama confronted for most of his presidency. ...
The Ronald, the Donald – and a hamstrung Hammond image
Source : Guardian [Read Article] Sunday 19th of March 2017 06:59:01 AM
....75% and 1% at its March meeting, and Yellen said there would probably be just two more quarter-point rises this year. She was under pressure from Republicans to signal a more rapid increase, but was clear in her view that a Trump boom is still just a twinkle in the former property developer’s eye. ...
Democrats question Trump 'conflict of interest' with Deutsche Bank investigation image
....Senior Democrats on Capitol Hill are calling for a congressional investigation into the justice department’s handling of an ongoing inquiry into Deutsche Bank, saying that Donald Trump had conflicts of interest with the German bank, his biggest creditor. Maxine Waters, the top Democrat on the House financial services committee, urged her Republican colleagues to launch their own investigation into the nature of Deutsche Bank’s money-laundering scheme, who participated in the arrangement and whether it involved any other violations of US law beyond the failure to maintain anti-money laundering controls. ...
US interest rate rise almost certain after bumper jobs growth image
Source : Guardian [Read Article] Friday 10th of March 2017 06:15:58 PM
....Trump’s supporters continue to watch for the president to make good on his promise to bring back US manufacturing jobs, which were up for the month: other drivers of growth were construction, private educational services, manufacturing, healthcare and mining. Also among the less-praised drivers of economic growth is the Affordable Care Act, Obama’s signature healthcare legislation, which Trump and congressional Republicans aim to repeal, said Elise Gould of the Economic Policy Institute, a Washington-based thinktank. ...
Striver? Tory architect of austerity George Osborne banks £1m fortune image
.... Over the past six months the former chancellor pocketed almost £800,000 for 15 speeches, some of which caused him to miss a series of crucial votes in parliament, including on Brexit – although he was paired with an opposition MP who was also unable to make the vote so that his absence did not affect the outcome. He also collects a £120,000-a-year “stipend” from a US Republican thinktank, and received an estimated £100,000 advance for his forthcoming book Age of Unreason which explores the rise of “populist nationalism”. ...
Trump's border tax could damage the US a lot more than a wall | Kenneth Rogoff image
. In many ways, the Republican party’s plan to implement a “border adjustment tax” in the US is a virtual complement to the physical wall Donald Trump plans to erect on the Mexican border. ...
Senate votes to repeal labor protection laws that safeguarded poultry workers image
. The Trump administration and Senate Republicans rolled back labor protection laws on Monday in a pair of moves that labor advocates predict will chill complaints by vulnerable workers, especially in the low-wage food processing industry, which relies heavily on easily exploited undocumented laborers. ...
Trump promises 'aggressive' action on trade to protect US image
Source : BBC [Read Article] Thursday 2nd of March 2017 02:08:52 PM
....Trump speech to Congress in full. Republicans baulk at Trump's budget plan. ...
Donald Trump has made rookie mistakes – he must change his approach image
Source : Guardian [Read Article] Thursday 2nd of March 2017 08:59:39 AM
....) Carter did not, and failed; Reagan often did, and succeeded. Clinton eventually found success, too, by cooperating with congressional Republicans to reform welfare and balance the budget. ...
Will Trump build a wall protecting US banks from global rules? | Howard Davies image
....But that will not be the end of the story. The battle lines are now drawn, and McHenry’s letter shows the arguments that will be deployed in Congress by some Republicans close to the president. ...
Top Republican says Trump's budget plan 'dead on arrival' image
Source : BBC [Read Article] Tuesday 28th of February 2017 11:09:20 PM
. Republicans are lining up against President Donald Trump's proposed budget cuts to the State Department, hours before his address to Congress. ...
Trump lays out hike in military spending image
Source : BBC [Read Article] Monday 27th of February 2017 09:03:25 PM
....The blueprint will increase defence spending by $54bn (£43bn) but seeks to recoup that sum through deep cuts elsewhere, including to foreign aid. Mr Trump's plan leaves large welfare programmes untouched, despite Republican calls for reform. ...
Senators grill Janet Yellen on Republican plans to neuter Dodd-Frank Act image
Source : Guardian [Read Article] Tuesday 14th of February 2017 05:35:18 PM
. Dueling senators turned the Federal Reserve chairwoman’s first testimony before Congress since the election of Donald Trump into a row over Republican plans to defang Dodd-Frank, the financial regulation brought in after the Great Recession. ...
Steven Mnuchin, former Goldman Sachs exec, confirmed as treasury secretary image
Source : Guardian [Read Article] Tuesday 14th of February 2017 12:50:03 AM
....Mnuchin, whose net worth is estimated at $400m will join the wealthiest cabinet in US history. Republicans defended Mnuchin’s résumé, highlighting his experience in the financial sector as an asset for the job. ...
Donald Trump is undermining the fight against corruption image
Source : Guardian [Read Article] Sunday 12th of February 2017 03:25:57 PM
.... Both houses of Congress have voted to gut a law that would have forced US oil, gas and mining companies to disclose their royalty, licensing and other payments to foreign governments. The law was a bipartisan initiative between Democratic Senator Ben Cardin and former Republican Senator Richard Lugar, and formed an amendment to the 2010 Dodd-Frank Act, the law designed to clean up Wall Street after the financial crisis. ...
Instead of draining the swamp, Trump has become Wall Street’s best buddy | Will Hutton image
....Goldman Sachs’ number two, Gary Cohn, is to be Trump’s chief economic adviser; his Treasury secretary, Steve Mnuchin, was 20 years at Goldman Sachs before running OneWest Bank, which made a fortune by improperly foreclosing on mortgages in ethnic minority communities after the financial crisis. These are not men on the side of the little guy: Cohn has promised to attack “all aspects of Dodd-Frank”, the partially effective regulatory framework that Obama laboriously passed into law in 2010, in the teeth of Republican and Wall Street opposition. ...
Devil-may-care investors fall under spell of Trump-mania image
Source : Guardian [Read Article] Thursday 9th of February 2017 02:31:01 PM
....Thankfully, the betting must be that only a few investors get hurt in the stampede, the reason being that Congress simply will not allow Trump to pursue his crazy spending plans and mania for deregulation. Trump needs to win over eight Democrats in the Senate to push through his controversial agenda and that looks increasingly unlikely as he goes about his daily routine of upsetting even moderate Republicans with his attacks on the judiciary and anyone else who stands in his way. ...
Democrats must do to the Dakota pipeline what they did to Betsy DeVos: resist | Kate Aronoff image
....And the party’s base is going to hold them to it. Organizers with groups like Indivisible and the Working Families party are showing up to the home offices of Democratic and Republican representatives alike, demanding they reject Trump’s agenda. ...
Trump's bonfire of banking rules could burn us all | Nils Pratley image
Source : Guardian [Read Article] Monday 6th of February 2017 07:14:50 PM
....Others have gone further. Republican congressman Patrick McHenry, vice-chairman of the financial services committee, last week suggested that the US should pull out of international bodies such as the Financial Stability Board (FSB) and the Basel committee that agrees standards for banks’ capital and supervision. ...
Trump’s honeymoon with the stock market will soon be over | Nouriel Roubini image
....It is little wonder that corporations and investors have been happy. This traditional Republican embrace of trickle-down supply-side economics will mostly favour corporations and wealthy individuals, while doing almost nothing to create jobs or raise blue-collar workers’ incomes. ...
Wall Street suffers worst day in months following Trump travel ban image
Source : Guardian [Read Article] Monday 30th of January 2017 06:26:31 PM
....“The market is reacting negatively right now because of the uncertainty that it creates,” said Robert Pavlik, chief market strategist at Boston Private Wealth. “If it can pull more Republicans off of the president’s following and maybe weaken his strength in Congress then you start to wonder about the other initiatives that may not get passed. ...
Statisticians fear Trump White House will manipulate figures to fit narrative image
.... This is already under way. Two Republican-sponsored bills are attempting to nullify a 2015 housing regulation aimed at addressing racial segregation in cities such as Baltimore and Chicago, simply by halting data collection. ...
Smoot and Hawley, the ghosts of tariffs past, haunt the White House image
Source : Guardian [Read Article] Sunday 29th of January 2017 12:00:23 PM
....”. Republicans called protective tariffs “essential for the continued prosperity of the country” and Hoover, who said agriculture was “the most urgent economic problem” facing the nation, said “an adequate tariff is the foundation of farm relief”. ...
Jobs for all? In the US that idea is about to be tested to destruction | John Harris image
....Put simply, Trump and his people want to eat the American left’s lunch. At the same time, they intend to shred the Republican party’s ingrained belief in laissez-faire economics, reset rightwing politics – somehow bagging “60% of the white vote, and 40% of the black and Hispanic vote” – whereupon a new dawn will break and “we’ll govern for 50 years”. ...
Trump didn’t kill TPP, the people did | Owen Jones image
Source : Guardian [Read Article] Tuesday 24th of January 2017 09:39:47 AM
.... There is no need to congratulate Trump’s bigoted regime or pretend he has assembled a cabinet that isn’t teeming with corporate interests. The Republicans didn’t co-operate with Barack Obama, and it would surely be a mistake for Democrats to normalise a deeply unpopular demagogue who actively threatens an admittedly already compromised democracy. ...
Bernie Sanders supports Trump's TPP order while McCain criticizes opting out image
....Following a meeting with a dozen executives from US manufacturers on Monday, Trump signed an executive order formally ending the US’s participation in the TPP. While the move was largely symbolic – leading Republicans and Democrats had both come out against the deal – it underlined the Trump administration’s determination to end decades of White House support for increased free trade. ...
Trump withdraws from Trans-Pacific Partnership amid flurry of orders image
Source : Guardian [Read Article] Monday 23rd of January 2017 05:46:50 PM
....”. The TPP was never ratified by the Republican-controlled Congress, but several Asian leaders had invested substantial political capital in it. ...
Amartya Sen: ‘Referendums are like opinion polls. Sometimes they’re very wrong’ image
.... Those reasons have not gone away merely because some bad decisions have been taken. You’re also critical of the Republican primary process that threw up Donald Trump. ...
'The swamp is Goldman Sachs': how the bank is rewarded for putting profits over people image
....The organizers targeted Goldman Sachs because, as Stamp explains, the bank “is a pipeline to government”. Through Democratic and Republican administrations, she notes, Goldman Sachs in particular has fed its bankers into high-ranking government positions – if Mnuchin is confirmed as treasury secretary, Trump will be the third of the past four presidents to have hired for that job from Goldman’s ranks. ...
Trump is a conservative – but that won't stop him sending deficits soaring image
.... If there is less money to go around later, when the opposition party gets its turn in power, well, that’s just too bad. One only has to recall recent US economic history to confirm the insight of the Italian/Swedish model – and to see the absurdity of claims that Republicans always aim to balance the budget while Democrats always try to spend beyond the country’s means. ...
Obama's legacy image
Source : BBC [Read Article] Friday 13th of January 2017 12:03:44 AM
.... . The Republican Party's capture of the House of Representatives in November 2010 deprived the president of most of his influence on the writing of new laws. ...
Are Americans more ready to accept inequality? image
Source : Guardian [Read Article] Wednesday 11th of January 2017 08:40:39 AM
. As Donald Trump prepares to move into the White House, you may still be wondering how the billionaire Republican managed to win the US election while simultaneously promising tax cuts for the richest and claiming to be on the side of workers. ...
My new year forecast: Trumpian uncertainty, and lots of it image
Source : Guardian [Read Article] Monday 9th of January 2017 11:59:13 AM
.... Why did the backlash in the US come just when the economy seemed to be on the mend, rather than earlier? And why did it manifest itself in a lurch to the right?. After all, it was the Republicans who had blocked assistance to those losing their jobs as a result of the globalisation they pushed assiduously. ...
Auto industry's Trump fear: 'Everyone dreads being subject of a tweet' image
Source : Guardian [Read Article] Saturday 7th of January 2017 08:00:14 AM
....Trump won thanks in large part to states where the auto industry is strongest. The Republican candidate took Michigan, home to the auto show and still the industry’s hub, from the Democrats for the first time since 1988 with a campaign that tore into companies that have sent those voters’ jobs abroad, especially to Mexico. ...
A tumultuous year: the 2016 global economy in 10 charts image
Source : Guardian [Read Article] Friday 30th of December 2016 04:04:05 PM
....Mexico’s currency had the dubious honour of acting as a barometer for Donald Trump’s chance of victory in the US presidential race. After the Republican candidate threatened to build a wall between the US and Mexico and to scrap or rejig trade deals, the peso came under repeated pressure and slumped to an all-time low against the dollar after Trump’s win. ...
Sugary drink taxes could be threatened by Trump administration, experts say image
.... “But meanwhile, regardless of what the lobbyists are doing at the federal level, we think local communities will keep making progress”. New York University nutrition professor Marion Nestle, author of Soda Politics: Taking on Big Soda (and Winning), said progress on soda taxes has been outstanding, but it was difficult to predict how Trump and a Republican-dominated Congress would act towards public health initiatives. ...
Trump must overcome global barriers to deliver his economic promise | Mohamed El-Erian image
. Donald Trump should have a relatively clear road ahead at home for the implementation of his economic programme: with Republicans holding majorities in both houses of Congress, he seems likely to benefit from a break in the political gridlock that has paralysed the body for the last six years. ...
Leak reveals Rex Tillerson was director of Bahamas-based US-Russian oil firm image
.... His Exxon pension is worth about $70m. The Senate foreign relations committee is currently split 10 to 9 between Republicans and Democrats. ...
Donald Trump faces Senate backlash over ‘cabinet of billionaires’ image
Source : Guardian [Read Article] Sunday 18th of December 2016 12:04:36 AM
....It is the selection of Exxon’s chief executive, Rex Tillerson, whom Trump described as “one of the truly great business leaders of the world” in an early morning tweet announcing his appointment as secretary of state, that has caused the most upset on both sides of the aisle. As well as a phalanx of Democrats, leading Republican senators Marco Rubio and Lindsey Graham, and John McCain, the chairman of the Senate armed services committee, have raised concerns about Tillerson’s close relationship with Vladimir Putin and conflicts of interest arising from Exxon’s interests in Russia. ...
Centrica has donated to US climate change-denying thinktank image
Source : Guardian [Read Article] Friday 16th of December 2016 06:00:45 AM
....Rick Perry, who was picked by Trump for energy secretary on Wednesday, wrote a book in 2010 that praised the thinktank for opposing “environmental policy based on the hysteria of global warming”. The TPPF also has relationships with other top Republicans, including former presidential candidate Ted Cruz. ...
Who is Peter Thiel and why is he advising Donald Trump? image
Source : BBC [Read Article] Wednesday 14th of December 2016 03:57:24 PM
....That's even more complicated. There are some clues in the speech Mr Thiel gave to the Republican Convention earlier this year. ...
Giving business control to sons doesn't end Trump's conflicts, ethics office says image
.... And he used a meeting with a delegation of Brexit supporters, including Nigel Farage, to urge them to oppose wind farms that he felt would spoil the view from one of his Scottish golf courses. Meanwhile, his new hotel on Pennsylvania Avenue in Washington has become a hot venue for foreign diplomats and embassies, corporate events, and the Republican party itself. ...
Trump picks Exxon chief Rex Tillerson for secretary of state image
Source : BBC [Read Article] Tuesday 13th of December 2016 07:01:29 PM
....In a statement, Mr Trump praised Mr Tillerson, 64, as among the "most accomplished business leaders and international dealmakers" in the world. Mr Tillerson is said to have a good relationship with Russian President Vladimir Putin, alarming both Democrats and some Republicans. ...
Airbnb a solution to middle-class inequality, company says image
Source : Guardian [Read Article] Tuesday 13th of December 2016 01:01:57 PM
....Airbnb says it is a solution to the problem of growing middle-class inequality that Donald Trump campaigned on, as it attempts to persuade local governments around the world of what it has to offer. Chris Lehane, head of global policy, told media in Sydney on Tuesday that a struggling middle class was a concern for both the Democrats and the Republican party in the recent presidential election campaign. ...
Four lessons from Donald Trump's US election victory image
Source : Guardian [Read Article] Tuesday 13th of December 2016 11:42:09 AM
....And an upset is what happened. Trump narrowly won states that Republicans had not won in decades (Wisconsin, Michigan and Pennsylvania), and won big in usually closely contested Ohio. ...
King Rex? image
Source : BBC [Read Article] Sunday 11th of December 2016 05:09:38 PM
.... . But Mr Tillerson's links to the Kremlin, which awarded him the Order of Friendship in 2013, and his lack of experience have drawn criticism from both Democrats and Republicans, setting up a potential battle in his confirmation hearings in the Senate early next year. ...
Iran finalizes $16.8bn deal with Boeing after nuclear agreement, state news says image
....The US and other world powers agreed last year to lift crippling sanctions on Iran in exchange for it curbing its nuclear activities. President-elect Donald Trump and several Republican lawmakers have criticized the nuclear deal, but it’s unclear whether they would scrap the agreement, which was reached with Britain, France, Germany, Russia and China. ...
Iran signs $16bn deal to buy 80 Boeing aircraft image
Source : BBC [Read Article] Sunday 11th of December 2016 11:35:41 AM
....It came after the US and other nations agreed last year to lift sanctions on Iran, in exchange for it ceasing its nuclear activities. President-elect Donald Trump has criticised that nuclear deal, and Congressional Republicans are making efforts to counter the accord. ...
Trump presidency: Exxon's Rex Tillerson for top diplomat? image
Source : BBC [Read Article] Saturday 10th of December 2016 11:51:01 PM
....The news comes as Mr Trump's team challenged the accuracy of intelligence reports that Russia intervened to boost his election prospects. Veteran Republican Mitt Romney is among others who have also also been linked to the role of secretary of state. ...
Will Trump herald a US economic boom? image
Source : Guardian [Read Article] Wednesday 7th of December 2016 11:57:31 AM
. After years of hibernation, will the US economy rouse itself for a big comeback over the next couple of years? With an incoming Republican administration hellbent on reflating an economy already near full employment, and with promised trade restrictions driving up the price of import-competing goods, and with central-bank independence likely to come under attack, higher inflation – likely exceeding 3% at times – is a near-certainty. ...
US economy adds 178,000 new jobs making Fed rate hike likely image
Source : Guardian [Read Article] Friday 2nd of December 2016 06:55:25 PM
.... He also vowed to increase spending on infrastructure, something many economists believe will give the US economy a significant boost next year. If the billionaire Republican delivers on his spending promise, inflation is also viewed as likely to pick up, which would push the US central bank into more rate rises next year. ...
Starbucks CEO Howard Schultz will resign from position for second time image
Source : Guardian [Read Article] Thursday 1st of December 2016 10:55:14 PM
.... Schultz said that he was “delighted” Johnson would take over his duties and said he would focus on finding “the balance between profit and conscience” with the company’s veteran-hiring programs and its anti-poverty programs. “I think we can all agree, Republican or Democrat, that there’s a lot of people being left behind and that companies can do more for the communities they serve and for the people they employ,” Schultz told investors. ...
Former US banker Steve Mnuchin confirms he will be US treasury secretary image
....After leaving Goldman Sachs Mr Mnuchin founded a movie production company that was behind such box office hits as the X-Men franchise and American Sniper. But it is not yet clear whether Mr Trump's first key economic policy move, potentially picking a consummate Wall Street insider to helm the nation's financial system, will be welcomed by supporters who were energised by the Republican's vow to "drain the swamp" of special interests. ...
The Trump effect has rallied the US markets – but what next? image
Source : Guardian [Read Article] Monday 28th of November 2016 03:04:14 PM
.... Similarly, after years of criticising Barack Obama, Trump has spoken positively – even glowingly – about him. Similar tendencies can be seen in Trump’s approaches to his Republican campaign opponents, including the House Speaker, Paul Ryan, and one of Trump’s most outspoken Republican detractors, former Massachusetts governor Mitt Romney. ...

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