Clinton, Trump sprint to finish in final campaign appeals

November 8, 2016

Philadelphia, Nov 8: Closing out a wildly unpredictable White House race, Hillary Clinton and Donald Trump blitzed through battleground states Monday in a final bid to energize supporters. Clinton, backed by an emotional appeal from Barack Obama, urged voters to embrace a "hopeful, inclusive, bighearted America," while Trump vowed to "beat the corrupt system."

ClintonThe candidates rallied voters late into the night, a frenzied end to a bitter election year that has laid bare the nation's deep economic and cultural divides. Clinton and Trump were both nostalgic at times, looking back fondly at a campaign that has put each on the brink of the presidency.

Clinton campaigned with confidence, buoyed by FBI Director James Comey's announcement Sunday that he would not recommend criminal charges against her following a new email review. The FBI inquiry had sapped a surging Clinton momentum at a crucial moment in the race, though she still heads into Election Day with multiple paths to the 270 Electoral College votes needed to become the nation's first female president.

Clinton closed her campaign alongside the last two Democrats to occupy the Oval Office, Obama and her husband, former President Bill Clinton, as well as first lady Michelle Obama. In a nod to the deep divisions that await the next president, Clinton said she'd come to "regret deeply how angry the tone of the campaign became." She cast the choice facing voters Tuesday as a "test of our time."

"We know enough about my opponent, we know who he is," Clinton said, addressing tens of thousands of people sprawled across Philadelphia's Independence Mall. "The real question for us is what kind of country we want to be."

Obama's address amounted to a valedictory for a president whose popularity has grown in his final year in office.

"America, I'm betting on you one more time," Obama said. "I am betting that tomorrow you will reject fear and choose hope."

Trump, who sped through five rallies Monday, recalled the rivals he'd vanquished and how far he's come since launching his improbable candidacy. As he surveyed the crowd in Scranton, Pennsylvania, he declared, "It's been a long journey."

Still, Trump was aggressive to the end, slamming Clinton as the "face of failure." Having made the new FBI review a centerpiece of his closing case to voters, he argued that the Democrat was being protected by a "totally rigged system."

"You have one magnificent chance to beat the corrupt system and deliver justice," Trump said. "Do not let this opportunity slip away."

The comments were a reminder that Comey's news, delivered in a letter to lawmakers on Sunday, was a doubled-edged sword for Clinton. While it vindicated her claims that the emails would not yield new evidence, it ensured that a controversy that has dogged her campaign from the start would follow her through Election Day.

Across the country, nearly 24 million early ballots were cast under the shadow of Comey's initial announcement of a new email review. That number represents about half of the nearly 45 million people who had cast votes by Monday, according to Associated Press data.

The inquiry involved material found on a computer belonging to Anthony Weiner, the disgraced former congressman and estranged husband of Huma Abedin, a longtime Clinton aide. Comey said Sunday the FBI reviewed communications "to or from Hillary Clinton while she was secretary of state."

Clinton tried to fly above the controversy Monday, making no mention of the FBI during her rallies. She was closing out her campaigning with a midnight rally in Raleigh, North Carolina.

Clinton is banking in part on high turnout — particularly among Obama's young, diverse coalition of voters — to carry her over the finish line Tuesday. Roughly half the states with advance voting have reported record turnout, including Florida and Nevada, which have booming Hispanic populations, a possible good sign for Clinton.

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News Network
January 8,2020

New Delhi, Jan 8: Iran will welcome any peace initiative by India for de-escalating its tensions with the US after the killing of Iranian military commander Qasem Soleimani, the Iranian envoy here said on Wednesday.

His comments come hours after Iran launched missile strikes against two US military bases in Iraq in retaliation to the killing of its top commander General Qassem Soleimani.

"India usually plays a very good role in (maintaining) peace in the world. At the same time, India belongs to this region. We welcome all initiatives from all countries, especially India as a good friend for us, to not allow escalation (of tensions)," Iranian Ambassador to India Ali Chegeni told reporters after a condolence meeting for Solemani at the country's embassy here.

"We are not for war, we are looking for peace and prosperity for everybody in this region. We welcome any Indian initiative or any project that can help peace and prosperity in this world," he said.

On the Iranian attack on US targets in Iraq, Chegeni said his country retaliated under its right to defend.

Amid spiralling US-Iran tensions over the killing of Soleimani, External Affairs Minister S Jaishankar on Sunday had a conversation with his Iranian counterpart Javad Zarif and US Secretary of State Mike Pompeo, voicing India's concerns over the escalation of tensions.

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May 6,2020

Washington, May 6: At a time when the coronavirus pandemic has squeezed them, multi-national companies in America are laying off workers while paying cash dividends to their shareholders. Thus making the workers bear the brunt of the sacrifices while the shareholders continue to collect.

The Washington Post said in one of its reports that five big American companies have paid a combined USD 700 million to shareholders while cutting jobs, closing plants and leaving thousands of their workers filing for unemployment benefits.

Since the pandemic was declared an emergency, Caterpillar has suspended operations at two plants and a foundry, Levi Strauss has closed stores, and toolmaker Stanley Black & Decker has been planning layoffs and furloughs.

Steelcase, an office furniture manufacturer, and World Wrestling Entertainment have also shed employees.

Executives of those companies told the Post that the layoffs support the long-term health of their companies, and often the executives are giving up a piece of their salaries. Furloughed workers can apply for unemployment benefits.

But distributing millions of dollars to shareholders while leaving many workers without a paycheck is unfair, critics argue, and belies the repeated statements from executives about their concern for employees' welfare during the coronavirus crisis.

Caterpillar, for example, announced a USD 500 million distribution to shareholders April 8, about two weeks after indicating that operations at some plants would stop. The company however declined to divulge how many workers are affected.

"We are taking a variety of actions globally, but we aren't going to discuss the number of impacted people," spokeswoman of the company, Kate Kenny, said in a reply to an email by the Post.

This spate of dividends is also likely to revive long-standing debates about economic rewards.

"There are no hard-and-fast rules about this," said Amy Borrus, deputy director of the Council of Institutional Investors, a group that argues for shareholder rights and represents pension funds and other long-term investors.

Many large US companies choose to issue a regular, quarterly dividend to shareholders, often increasing it, and they boast about these payments because they help keep the share price higher than it might otherwise be. Those companies might be reluctant to announce that they are cutting or suspending their dividend during a crisis, Borrus was further quoted as saying.

But "companies have to be mindful of the optics of paying dividends if they're laying off thousands of workers," she added.

On March 26, Caterpillar had announced that because of the pandemic, it was "temporarily suspending operations at certain facilities." Two plants, in East Peoria, Ill., and Lafayette, Ind., were coming to a halt, as well as a foundry in Mapleton, Ill., according to news reports.

"We are taking a variety of actions at our global facilities to reduce production due to weaker customer demand, potential supply constraints and the spread of the covid-19 pandemic and related government actions," Kenny said via email.

"These actions include temporary facility shutdowns, indefinite or temporary layoffs," she added.

Similarly, Levi Strauss announced April 7 that the company would stop paying store workers, and about 4,000 are now on furlough. On the same day, the company announced that it was returning USD 32 million to shareholders.

"As this human and economic tragedy unfolds globally over the coming months, we are taking swift and decisive action that will ensure we remain a winner in our industry," Chip Bergh, president and chief executive of the company, also told the Post.

Stanley Black & Decker announced on April 2 that it was planning furloughs and layoffs because of the pandemic. Two weeks later, it issued a dividend to shareholders of about USD 106 million.

The notion that a company's primary purpose is to serve shareholders gained prominence in the 1980s but has come under attack in recent years, even from business executives, the newspaper reported.

Corporate decisions to suspend dividends and buybacks are complex, however, and it is difficult to know whether these suspensions of dividend and buyback programs were motivated by a desire to conserve cash in anticipation of bad times, and how much they are prompted by a sense of obligation to employees.

Over recent decades, the mandate to "maximize shareholder value" has become orthodoxy, for many, and it is often unclear what motivates companies to pare dividends or buybacks for shareholders, said William Lazonick, an emeritus economics professor at the University of Massachusetts at Lowell, who has been one of the leading critics of companies that distribute cash to shareholders through stock buybacks and dividends rather than reinvesting the profits into employees, innovation and production.

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May 25,2020

Beijing, May 25: China has reported 51 new coronavirus cases including 40 asymptomatic infections, majority of them in the contagion's first epicentre Wuhan, where over six million tests have been conducted in the last 10 days, health officials said on Monday.

The country's National Health Commission (NHC) said that 11 new imported cases were reported on Sunday.

While no new domestically-transmitted COVID-19 cases were reported in China on Sunday, 11 imported cases including 10 in the Inner Mongolia Autonomous Region and one in Sichuan province were reported, the NHC said in its daily report.

Out of the 40 new asymptomatic cases, 38 were reported in Wuhan, which is currently undergoing mass testing of its over 11.2 million people after a spike in the asymptomatic cases.

Currently, 396 people with asymptomatic symptoms are under medical observation in China, including 326 in Wuhan, according to the health authority.

Asymptomatic cases refer to the patients who have tested COVID-19 positive but develop no symptoms such as fever, cough or sore throat. However, they pose a risk of spreading the disease to others.

Wuhan, which earlier had over 50,000 cases between January and March, started a campaign on May 14 to expand the nucleic acid testing in order to better know the number of asymptomatic cases or people who show no clear symptoms despite carrying the virus.

According to the latest figures released by the Wuhan municipal health commission, the city conducted more than 6 million nucleic acid tests between May 14 and 23.

On Saturday, the city carried out nearly 1.15 million tests, state-run Xinhua news agency reported on Monday.

Nucleic acid testing is a molecular technique for screening blood donations to reduce the risk of transfusion transmitted infections.

As of Sunday, a total of 82,985 confirmed COVID-19 cases have been reported in China with 4,634 fatalities, the NHC added.

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