Democrat Pelosi elected US House speaker for 2nd time

Agencies
January 4, 2019

Washington, Jan 4: Nancy Pelosi knew this moment would come, even if others had their doubts — or worked to stop her. Pelosi was elected Thursday as House speaker, the only woman who has held the office and now one of few elected officials who have returned to it.

The last time a speaker regained the gavel was more than a half-century ago.

The California Democrat has spent her political career being underestimated, only to prove the naysayers wrong. In this case, it was by winning back the Democratic majority and amassing the votes for the speaker's job.

"None of us is indispensable," Pelosi told The Associated Press while campaigning last fall, "but I do know that I'm very good at what I do."

In accepting the gavel, Pelosi gave nod to the new era of divided government with a pledge to "reach across the aisle in this chamber and across the divisions across our nation."

She said, "The floor of this House must be America's Town Hall: where the people will see our debates and where their voices will be heard and affect our decisions."

In outlining Democratic priorities, she talked about lowering health care costs, investing in green infrastructure and restoring "integrity to government." "We must be champions of the middle class and all those who aspire to it — because the middle class is the backbone of our democracy," she said.

Pelosi remains a highly polarizing figure, vilified by Republicans as a San Francisco liberal and a caricature of big government. But she is also a mother of five and a grandmother of nine who has shattered glass ceilings to become one of the most powerful politicians of the 21st century.

With President Donald Trump in the White House and Republicans still controlling the Senate, Pelosi's return to the speaker's office to lead a Democratic majority with its biggest freshmen class since Watergate shakes up the dynamic in Washington even beyond the new era of divided government.

Pelosi has faced pressure from some incoming Democrats who have been willing to talk about the possibility of impeachment proceedings against Trump. Pelosi has called impeachment a "divisive activity," and Democrats were cautious about mentioning the "I'' word during the 2018 midterms for fear it would backfire politically.

She took a measured approach to it in an interview airing Thursday on NBC's "Today" show.

"We shouldn't be impeaching for a political reason, and we shouldn't avoid impeachment for a political reason," she said, adding that she would wait for the findings of special counsel Robert Mueller's investigation into Russia meddling in the 2016 election.

Only the House can begin impeachment proceedings. And while Justice Department guidelines suggest a sitting president can't be indicted, Pelosi called that "an open discussion." "Everything indicates that a president can be indicted after he is no longer president," she said.

Trump himself has denied any wrongdoing.

Pelosi is one of the few congressional leaders who seem to understand Trump, both being children from famous families now primed for deal-making. Trump appreciates strong characters, and, in perhaps a sign of respect, she is one of the few congressional leaders in Washington he has not given a nickname — though he has made her a frequent target.

A core group of rank-and-file Democrats has hungered for new leadership, saying it's time for a new generation to take the helm. They tired of the Republican attack ads featuring Pelosi that are constantly run against them back home, and they worried she would be a drag on efforts to keep the majority in the next election. They enlisted some of the newcomers from the freshmen class to their ranks to try to stop her from regaining the gavel.

But one by one, Pelosi peeled away the skeptics, flipping "no" votes to the "yes" column, sometimes in a matter of days. Some were given lead positions on their legislative priorities, even a gavel of their own to chair special panels.

And Pelosi gave a little, too, promising, at 78, to serve no more than four years in leadership, making way for the next generation.

Pelosi won the speakership by a vote of 220 to Republican Kevin McCarthy's 192 votes.

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News Network
March 6,2020

Mar 6: UK stocks fell again on Friday as growing economic risks from the coronavirus outbreak shattered investor confidence, with Britain recording its first death from the pathogen.

A 1.5% fall for the FTSE 100 erased the blue-chip index's gains from earlier this week. Export-heavy companies have now lost over $230 billion in value since the epidemic sparked a worldwide rout last week.

The domestically focussed mid-cap index was down 1.9%.

Cruise operator Carnival dropped 4.2% to its lowest level since 2012, a day after its Grand Princess ocean liner was barred from returning to its home port of San Francisco on virus fears.

Britain said an older person with underlying health problems had succumbed to the flu-like virus on Thursday, while the number of infections jumped to 115.

In company news, drug maker AstraZeneca fell 1% after it said its treatment for a form of bladder cancer failed to meet the main goal of improving overall survival in patients in a late-stage study.

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News Network
January 31,2020

Wuhan, Jan 31: The World Health Organization declared a global emergency over the new coronavirus, as China reported Friday the death toll had climbed to 213 with nearly 10,000 infections.

The UN health agency based in Geneva had initially downplayed the threat posed by the disease, but revised its risk assessment after crisis talks.

suspended or reduced service to China include British Airways, German flag carrier Lufthansa, American Airlines, KLM and United.

Chinese efforts to halt the virus have included the suspension of classes nationwide and an extension of the Lunar New Year holiday.

All football matches across the country also will be postponed, the Chinese Football Association said on Thursday, including games in the top-tier Chinese Super League.

World stock markets tumbled again Thursday on fears that trouble in the "world's factory" would upset global supply chains and dent profits.

Toyota, IKEA, Starbucks, Tesla, McDonald's and tech giant Foxconn were among the corporate giants temporarily freezing production or closing large numbers of outlets in China.

Volkswagen announced Thursday its China joint-venture plants would not start production again before February 9.

US Federal Reserve Chairman Jerome Powell said the coronavirus posed a fresh risk to the world economy.

Throughout China, signs of paranoia multiplied, with residents of some Beijing residential compounds erecting makeshift barriers to their premises.

In one of many similar photos posted online, a man wearing a surgical mask and brandishing a traditional martial arts weapon squatted on a barricade outside a Chinese village, near a sign saying: "Outsiders forbidden from entering".

The crisis has caused food prices to spike, and the central government on Thursday blamed this partly on overzealous preventive measures, issuing a directive banning any roadblocks or other hindrances to food shipments.

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News Network
January 20,2020

Langkawi, Jan 20: Malaysia will not take retaliatory trade action against India over its boycott of palm oil purchases amid a political row between the two countries, Prime Minister Mahathir Mohamad said on Monday.

India, the world’s largest edible oil buyer, this month effectively halted imports from its largest supplier and the world’s second-biggest producer in response to comments from Mahathir attacking India’s domestic policies.

“We are too small to take retaliatory action,” Mahathir told reporters in Langkawi, a resort island off the western coast of Malaysia. “We have to find ways and means to overcome that,” he added.

The 94-year-old premier of Muslim-majority Malaysia has criticised New Delhi’s new religion-based citizenship law and also accused India of invading the disputed region of Kashmir.

Mahathir again criticised India’s citizenship law on Monday, saying he believed it was “grossly unfair”.

India has been Malaysia’s largest palm oil market for the past five years, presenting the Southeast Asian country with a major challenge in finding new buyers for its palm oil.

Benchmark Malaysian palm futures fell nearly 10% last week, their biggest weekly decline in more than 11 years.

New Delhi is also unhappy with Malaysia’s refusal to revoke permanent resident status for controversial Indian Islamic preacher Zakir Naik, who has lived in Malaysia for about three years and faces charges of money laundering and hate speech in India.

Mahathir said even if the Indian government guarantees a fair trial, Naik faces the real threat of vigilante action and that Malaysia will only relocate the preacher if it can find a third country where he would be safe.

“If we can find a place for him, we will send him out.”

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