Barack Obama Says He Would Have Beaten Donald Trump

December 27, 2016

Washington, Dec 27: President Barack Obama said in an interview released Monday that he could have beaten Republican presidential nominee Donald Trump "if I had run again."

obamaIn his most pointed critique yet, Obama said Hillary Clinton's campaign acted too cautiously out of a mistaken belief that victory was all but certain.

"If you think you're winning, then you have a tendency, just like in sports, maybe to play it safer," Obama said in the interview with former adviser and longtime friend David Axelrod, a CNN analyst, for his "The Axe Files" podcast.

The president said Clinton "understandably . . . looked and said, well, given my opponent and the things he's saying and what he's doing, we should focus on that."

Trump took exception to this critique, tweeting out later in the day that "President Obama said that he thinks he would have won against me. He should say that but I say NO WAY! - jobs leaving, ISIS, OCare, etc."

Obama stressed his admiration for Clinton and said she had been the victim of unfair attacks. But, as he has in other exit interviews, Obama insisted that her defeat was not a rejection of the eight years of his presidency. To the contrary, he argued that he had put together a winning coalition that stretched across the country but that the Democratic Party and the Clinton campaign had failed to follow through on it.

"I am confident in this vision because I'm confident that if I - if I had run again and articulated it - I think I could've mobilized a majority of the American people to rally behind it," the president said.

"See, I think the issue was less that Democrats have somehow abandoned the white working class, I think that's nonsense," Obama said. "Look, the Affordable Care Act benefits a huge number of Trump voters. There are a lot of folks in places like West Virginia or Kentucky who didn't vote for Hillary, didn't vote for me, but are being helped by this . . . The problem is, is that we're not there on the ground communicating not only the dry policy aspects of this, but that we care about these communities, that we're bleeding for these communities."

Clinton spokesman Brian Fallon said via email that the campaign declined to comment.

Axelrod, in an interview with The Washington Post, said he believed Obama went further than he had before in critiquing Clinton's campaign.

"This was all in service of making the point that he believes that his progressive vision and the vision he ran on is still a majority view in this country," Axelrod said. "He chooses to be hopeful about the future."

Obama could not have run again; the 22nd Amendment of the Constitution states that "No person shall be elected to the office of the President more than twice."

Still, Obama's suggestion that he could have won if he ran stoked debate Monday among political observers.

Former House speaker Newt Gingrich, a Republican who has been an adviser to Trump, said in an interview that "Obama doesn't know and neither does anyone else. Obama would have increased the turnout in the African American community, but he also might have increased the repudiation of him among those who felt they were betrayed.

"All of the lies he told about Obamacare, 'keeping your doctor' . . . would have come back to haunt him. It would have been a totally different race."

Steve Hildebrand, a Democrat who oversaw Obama's 2008 campaign in battleground states, said the president had an ability to communicate with lower-income workers that Clinton lacked. He said he sent the Clinton campaign 15 emails in which he said he told them "you are not communicating with lower-income workers, you are not connecting with them."

In the podcast interview, Axelrod did not press Obama on many of the most controversial parts of his presidency, such as not taking action to prevent the deaths of hundreds of thousands of people in Syria.

The president, who has done relatively few interviews with mainstream media organizations, repeated his long-stated complaint that the media has filtered his message and that he is subject to unfair criticism by outlets such as Fox News.

Obama also blamed some of his problems during his presidency on Senate Majority Leader Mitch McConnell, R-Ky., a longtime adversary who famously said in 2010: "The single most important thing we want to achieve is for President Obama to be a one-term president."

McConnell failed in that goal, but Obama said the senator was successful in blocking many of his initiatives and setting the groundwork for Trump's victory.

McConnell's strategy from a "tactical perspective was pretty smart and well executed," the president said. The Republican leader found ways to "just throw sand in the gears" in a manner that fed into people's beliefs that things were going badly. Obama said that, as a result, Republicans blocked action that could have helped more people recover from the Great Recession.

The strategy, Obama maintained, was that "if we just say no, then that will puncture the balloon, that all this talk about hope and change and no red state and blue state is - is proven to be a mirage, a fantasy. And if we can - if we can puncture that vision, then we have a chance to win back seats in the House."

A McConnell spokesman did not respond to a request for comment.

Obama stressed that he doesn't plan to get involved in day-to-day responses to a Trump presidency, just as former president George W. Bush has remained mostly on the sidelines during the Obama years. But Obama made it clear that he will be more of an activist in the long run. He said he plans to help mobilize and train a younger generation of Democratic leaders and will speak out if his core beliefs are challenged. He also said he is working on writing a book.

His post-presidential "long-term interest," Obama said, is "to build that next generation of leadership; organizers, journalists, politicians. I see them in America, I see them around the world - 20-year-olds, 30-year-olds who are just full of talent, full of idealism. And the question is how do we link them up? How do we give them the tools for them to bring about progressive change? And I want to use my presidential center as a mechanism for developing that next generation of talent." He said he didn't want to be someone "who's just hanging around reliving old glories."

Obama in the interview also reflected on his years at college, particularly Columbia University, from which he graduated in 1983. He said he was rereading "old journals" and letters to girls that he was "courting," and found them unreadable. He found himself to be "wildly pretentious," recalling how he begged off going to parties so he could read the French philosopher Jean-Paul Sartre. The women on campus found him "too intense," he said.

Looking back, said the president of the United States, "I should've tried, like, you know, 'Wanna go to a movie?' "

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Agencies
June 7,2020

Moscow, Jun 7: OPEC, Russia and allies agreed on Saturday to extend record oil production cuts until the end of July, prolonging a deal that has helped crude prices double in the past two months by withdrawing almost 10% of global supplies from the market.

The group, known as OPEC+, also demanded countries such as Nigeria and Iraq, which exceeded production quotas in May and June, compensate with extra cuts in July to September.

OPEC+ had initially agreed in April that it would cut supply by 9.7 million barrels per day (bpd) during May-June to prop up prices that collapsed due to the coronavirus crisis. Those cuts were due to taper to 7.7 million bpd from July to December.

“Demand is returning as big oil-consuming economies emerge from pandemic lockdown. But we are not out of the woods yet and challenges ahead remain,” Saudi Energy Minister Prince Abdulaziz bin Salman told the video conference of OPEC+ ministers.

Benchmark Brent crude climbed to a three-month high on Friday above $42 a barrel, after diving below $20 in April. Prices still remain a third lower than at the end of 2019.

“Prices can be expected to be strong from Monday, keeping their $40 plus levels,” said Bjornar Tonhaugen from Rystad Energy.

Saudi Arabia, OPEC’s de facto leader, and Russia have to perform a balancing act of pushing up oil prices to meet their budget needs while not driving them much above $50 a barrel to avoid encouraging a resurgence of rival U.S. shale production.

It was not immediately clear whether Saudi Arabia, the United Arab Emirates and Kuwait would extend beyond June their additional, voluntary cuts of 1.18 million bpd, which are not part of the deal.

BULGING INVENTORIES

The April deal was agreed under pressure from U.S. President Donald Trump, who wants to avoid U.S. oil industry bankruptcies.

Trump, who previously threatened to pull U.S. troops out of Saudi Arabia if Riyadh did not act, spoke to the Russian and Saudi leaders before Saturday’s talks, saying he was happy with the price recovery.

While oil prices have partially recovered, they are still well below the costs of most U.S. shale producers. Shutdowns, layoffs and cost cutting continue across the United States.

“I applaud OPEC-plus for reaching an important agreement today which comes at a pivotal time as oil demand continues to recover and economies reopen around the world,” U.S. Energy Secretary Dan Brouillette wrote on Twitter after the extension.

As global lockdowns ease, oil demand is expected to exceed supply sometime in July but OPEC has yet to clear 1 billion barrels of excess oil inventories accumulated since March.

Rystad’s Tonhaugen said Saturday’s decisions would help OPEC reduce inventories at a rate of 3 million to 4 million bpd in July-August. “The quicker stocks fall, the higher prices will get,” he said.

Nigeria’s petroleum ministry said Abuja backed the idea of compensating for its excessive output in May and June.

Iraq, with one of the worst compliance rates in May, agreed to extra cuts although it was not clear how Baghdad would reach agreement with oil majors on curbing Iraqi output.

Iraq produced 520,000 bpd above its quota in May, while overproduction by Nigeria was 120,000 bpd, Angola’s was 130,000 bpd, Kazakhstan’s was 180,000 bpd and Russia’s was 100,000 bpd, OPEC+ data showed.

OPEC+’s joint ministerial monitoring committee, known as the JMMC, will meet monthly until December to review the market, compliance and recommend levels of cuts. JMMC’s next meeting is scheduled for June 18.

OPEC and OPEC+ will hold their next scheduled meetings on Nov. 30-Dec. 1.

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Agencies
January 20,2020

For the first time in the 15 years of the Global Risks Report, the climate change and environment risk has occupied all the top five slots.

According to the 15th edition of the World Economic Forum's (WEF) Global Risks Report, the top five risks in terms of likelihood are extreme weather, climate action failure, natural disasters, biodiversity loss and human-made environmental disasters. They all fall in the one category of climate change and related environmental disasters.

WEF President Borge Brende said the world was feeling long-mounting and interconnected risks.

The report also points to how citizens are protesting across the world as discontent rises with failed systems that are creating inequality. The citizens' discontent had hardened with systems that had failed to promote advancement, it said.

"Disapproval of how governments are addressing profound economic and social issues has sparked protests throughout the world, potentially weakening the ability of governments to take decisive action should a downturn occur. Without economic and social stability, countries could lack the financial resources, fiscal margin, political capital or social support needed to confront key global risks," it said.

Listing the grim scenario, Borge said the global economy was faced with "synchronised slowdown", the past five years had been the warmest on record and cyber attacks were expected to increase this year.

The report warns that while the myriad risks were rising, time was running out on how to prevent them.

Borge said the growing palpability of shared economic, environmental and societal risks indicated that the horizon had shortened for preventing "or even mitigating" some of the direst consequences of global risks.

"It's sobering that in the face of this development, when the challenges before us demand immediate collective action, fractures within the global community appear to only be widening," he said.

The report points to grave concern about the consequences of continued environmental degradation, including the record pace of species decline.

Pointing to an unsettled geopolitical environment, the report said today's risk landscape was one in which new centres of power and influence were forming and old alliance structures and global institutions were being tested.

"While these changes can create openings for new partnership structures in the immediate term, they are putting stress on systems of coordination and challenging norms around shared responsibility. Unless stakeholders adapt multilateral mechanisms for this turbulent period, the risks that were once on the horizon will continue to arrive," it said.

Calling it a "an unsettled world", the WEF report notes that powerful economic, demographic and technological forces were shaping a new balance of power. "The result is an unsettled geopolitical landscape in which states are increasingly viewing opportunities and challenges through unilateral lenses," it said.

"What were once givens regarding alliance structures and multilateral systems no longer hold as states question the value of long-standing frameworks, adopt more nationalist postures in pursuit of individual agendas and weigh the potential geopolitical consequences of economic decoupling. Beyond the risk of conflict, if stakeholders concentrate on immediate geo-strategic advantage and fail to re-imagine or adapt mechanisms for coordination during this unsettled period, opportunities for action on key priorities may slip away," the WEF said.

In a chapter on risks to economic stability and social cohesion, it said a challenging economic climate might persist this year and members of the multi-stakeholder community saw "economic confrontations" and "domestic political polarisation" as the top risks in 2020.

The report also warned of downward pressure on the global economy from macroeconomic fragilities and financial inequality. These pressures continued to intensify in 2019, increasing the risk of economic stagnation.

Low trade barriers, fiscal prudence and strong global investment, once seen as fundamentals for economic growth, are fraying as leaders advance nationalist policies. The margins for monetary and fiscal stimuli are also narrower than before the 2008-2009 financial crisis, creating uncertainty about how well countercyclical policies will work.

The strategic partners for the WEF report included Marsh & McLennan and Zurich Insurance Group. The academic advisers were National University of Singapore, Oxford Martin School, University of Oxford and Wharton Risk Management and Decision Processes Center, University of Pennsylvania.

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Agencies
March 28,2020

Canadian researchers are developing a DNA vaccine for SARS-CoV-2, the coronavirus that causes COVID-19 and has currently infected nearly 5,00,000 people worldwide and crippled the global economy.

Entos Pharmaceuticals, a health-care biotechnology company headed by a University of Alberta researchers, develop new therapeutic compounds using the company's proprietary drug-delivery platform and has begun manufacturing vaccine candidates against the novel coronavirus.

"Given the urgency of the situation, we can have a lead candidate vaccine within two months. Once we have that it's a race to get it into clinical trials," said John Lewis, CEO of Entos and a Professor at the University of Alberta in Canada.

Lewis said in comparison to a traditional vaccine, DNA-based vaccines hold several advantages.

Nucleic acids are introduced directly into the patient's own cells, causing them to make pieces of the virus--tricking the immune system into mounting a response without the full virus actually being present, the researcher said.

According to the company, the approach is recognised as being easier to move into large-scale manufacturing, offers improved vaccine stability and works without needing an infectious agent.

In the current absence of a vaccine for COVID-19, several companies around the world are mounting efforts to begin similar work.

The first clinical trial using a DNA-based vaccine developed by Moderna Inc.in the US on March 13.

Their approach allows for antibodies to be made in the human trial volunteers against a specific protein on the surface of the coronavirus that lets the virus enter human cells.

The hope is that the antibodies will stop the interaction.

Though this approach is designed to be effective against COVID-19 specifically, Lewis said Entos is taking a different tack.

The company plans to use plasmid DNA to amplify the production of key coronavirus surface and structural proteins with each injection, with an eye to the bigger picture.

"Many of the structural proteins in the virus are pretty well conserved across all the coronaviruses, including SARS and MERS," said Lewis.

"We're hoping that if we express more of the structural proteins that are common to most coronaviruses, we can inhibit the current COVID-19, and also potentially protect against all coronaviruses both past and future," Lewis added.

To move the project forward quickly, the company is seeking financial support from both provincial and federal levels of government.

"We have the opportunity to save a lot of lives, and I think it's really upon us and governments to find solutions for that," Lewis said.

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