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November 2016 - page 2

US-China Commerce Will Be “Paralyzed” If Trump Hikes Tariffs, Donald Appears to Waver

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The US could find itself mired in a trade war, an organ of the Chinese Communist Party warned, if the Trump administration attempts to put steep tariffs on Chinese imports. Trade between the US and China would be “paralyzed” if President-elect Donald Trump hikes taxes on Chinese goods, a commentary published by The Global Times stated on Sunday. “A batch of Boeing orders will be replaced by Airbus,” the paper stated. “US auto and iPhone sales in China will suffer a setback, and US soybean…

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Trump Puts 3 Million On Notice for Deportation

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In his first sit-down interview since being elected President of the United States, Donald Trump outlined how he will begin to address his top issue as a candidate: undocumented immigration. Speaking to CBS 60 Minutes in an interview that aired on Sunday, Trump said that as soon as he takes office, he plans to rapidly increase the pace of deportations in the US—surpassing even President Obama’s record number of immigration expulsions. “What we are going to do is get the people that are criminal and…

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Modest Wins for Minimum Wage, Huge Gains for Marijuana Legalization Amid Shock G.O.P. Wave

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Ballot initiatives on minimum wage increases and marijuana legalization were approved by voters in a number of states on Tuesday night, despite Republicans’ jarring gains in representative elections. Measures that would increase the minimum wage were approved in Washington, Colorado, Maine and Arizona. Voters in Washington backed a move to raise the hourly wage floor to $13.50, while the other three states got behind increases to $12 per hour. The hikes will be phased in over the next four years. Voters, meanwhile, backed referenda that…

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Anxiety in America: Trump Elected 45th President, Paul Ryan Eyes Rightwing Agenda

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After an appalling rebuke of the political establishment on Tuesday night, the nation is girding itself for a Donald Trump presidency. The Republican Party, meanwhile, is eyeing the opportunities they will have in January, with the GOP set to take control of the both houses of congress and the White House. “I hope that he will be a successful president for all Americans,” Hillary Clinton said Wednesday morning, publicly conceding the election to Trump. She had already privately phoned her rival in the early morning hours, after…

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Podesta Inquired With W.H. About a Don Siegelman Pardon

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Released emails show that Hillary Clinton’s campaign chairman John Podesta acted as a middleman between advocates seeking to free former Gov. Don Siegelman, and the White House. The Democratic Governor of Alabama from 1999 until 2003, Siegelman was convicted in 2006 on bribery charges stemming from an appointment to a statewide hospital oversight board that he gave to a former hospital CEO who had donated to a state lottery campaign supported by the Governor. Advocates for Siegelman claim, however, that he was convicted of something that is…

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Stock Market Regulators Join Wells Fargo Fraud Investigation

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The Securities and Exchange Commission has opened an investigation into Wells Fargo in the wake of the bank’s account falsification scandal. The company disclosed to investors on Thursday that the stock market regulator is among the bodies inquiring into its sales practices, according to CNBC. The revelation came roughly 12 hours after The Wall Street Journal broke news of the development. SEC officials have asked the bank for documentation and the agency’s fact-finding is still at an “early stage,” WSJ reported. In September, it was…

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Chief Obama Trade Negotiator: “We Can Get the Votes” for T.P.P.

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President Obama’s top trade negotiator said on Tuesday that he is hopeful the Trans Pacific Partnership (TPP) will be approved by Congress, during its upcoming lame duck session. “If they bring it forward, I think we can get the votes there,” US Trade Representative Michael Froman said Tuesday, in an interview on CNBC. “This trade agreement eliminates 18,000 taxes on our exports,” Froman also claimed, “and members of Congress are starting to see that.” The outlook contrasted with a more cautious tone struck in late…

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China Warns Trump on Trashing Climate Plan

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Donald Trump’s campaign stump speech routinely name-checks China as a foreign bogeyman that’s stealing American jobs and wealth. On Tuesday, the East Asian power slightly jabbed back at the GOP nominee. According to Reuters, China’s top climate change negotiator criticized Trump’s pledge to shred the Paris Agreement—a pact was approved by more than 190 nations last year in an effort to reduce rising global temperatures. “I believe a wise political leader should take policy stances that conform with global trends,” Xie Zhenhua told reporters, responding to…

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