Obama issues scathing critique of President Trump, ‘politics of fear’

Agencies
September 8, 2018

Urbana, Sep 8: Former President Barack Obama issued a scorching critique of his successor Friday, blasting President Donald Trump’s policies and his pattern of pressuring the Justice Department.

Obama also reminded voters that the economic recovery — one of Trump’s favorite talking points — began on his watch.

Obama’s speech at the University of Illinois at Urbana-Champaign was delivered less than two months before midterm elections that could determine the course of Trump’s presidency. The remarks amounted to a stinging indictment of political life in the Trump era.

“It did not start with Donald Trump,” Obama said. “He is a symptom, not the cause. He’s just capitalizing on resentments that politicians have been fanning for years.”
Noting the history of former presidents avoiding the rough and tumble of politics, Obama acknowledged his sharp critique of Trump was something of a departure from tradition. But he said the political moment required a pushback and called for better discourse.

“Appealing to tribe, appealing to fear, pitting one group against another, telling people that order and security will be restored if it weren’t for those who don’t look like us or don’t sound like us or don’t pray like we do — that’s an old playbook,” he said. “It’s as old as time. And in a healthy democracy, it doesn’t work. Our antibodies kick in and people of good will from across the political spectrum call out the bigots and the fear-mongers and work to compromise and get things done and promote the better angels of our nature.”

But, Obama added, when there is a vacuum in democracy, “other voices fill the void. A politics of fear and resentment and retrenchment takes hold.”

Trump, meanwhile, claimed he fell asleep watching Obama’s speech. “I found he’s very good for sleeping,” Trump said at a campaign appearance in Fargo, North Dakota. He said Obama was trying to take credit for this “incredible thing that’s happening to our country.”

Even as he has largely remained out of the spotlight, Obama made clear he’s paid close attention to the steady stream of headlines chronicling the Trump administration and said the news is a reminder of what’s at stake in the November midterm elections.

“Just a glance at recent headlines should tell you this moment really is different,” Obama said. “The stakes really are higher. The consequences of any of us sitting on the sidelines are more dire.”

He later added, “This is not normal.”

He was especially stern in his condemnation of Trump’s pattern of pressuring law enforcement officials, including Attorney General Jeff Sessions. The president has repeatedly called on Sessions to fire special counsel Robert Mueller and earlier this week blamed the Justice Department for indicting two incumbent Republican members of Congress, arguing the moves could jeopardize their seats.

“It should not be a partisan issue to say that we do not pressure the attorney general or the FBI to use the criminal justice system as a cudgel to punish our political opponents,” Obama said. “Or to explicitly call on the attorney general to protect members of our own party from prosecution because an election happens to be coming up. I’m not making that up. That’s not hypothetical.”

As Obama spoke, Trump told reporters aboard Air Force One that he believed Sessions should investigate the identity of the author of an anonymous New York Times opinion piece that was sharply critical of his leadership, saying the essay was a “national security issue.”

Obama, reacting to the op-ed account, said, “That’s not how our democracy is supposed to work.”

“The claim that everything will turn out OK because there are people inside the White House who secretly aren’t following the president’s orders, that is not a check,” Obama said. “I’m being serious here. ... These people aren’t elected. They’re not accountable.”

Obama also jabbed Trump on the issue the current president frequently heralds as one of his greatest achievements: the strong economy. Obama reminded the audience that the economic recovery began during his administration and defended his handling of the 2008 economic collapse.

“When you hear how great the economy’s doing right now, let’s just remember when this recovery started,” he said.

He also criticized Trump’s response to the violence last year at a white nationalist rally in Charlottesville, Virginia, that resulted in the death of a counter-protester.
“We’re supposed to stand up to discrimination,” Obama said. “And we’re sure as heck supposed to stand up clearly and unequivocally to Nazi sympathizers. How hard can that be, saying that Nazis are bad?“

The speech was a preview of the argument that Obama is likely to make throughout the fall. On Saturday, the former president will stump for House Democratic candidates at an event in Orange County, a conservative-leaning part of California where Republicans are at risk of losing several congressional seats.

Next week, Obama plans to campaign in Ohio for Richard Cordray, the Democratic nominee for governor, and other Democrats.

Obama’s campaign activity will continue through October and will include fundraising appearances, according to an Obama adviser. The adviser was not authorized to discuss Obama’s thinking publicly and spoke on condition of anonymity. While the former president will be visible throughout the general election, the adviser said Obama will not be a daily presence on the campaign trail.

Republicans said voters won’t find Obama’s argument appealing.

“In 2016, voters rejected President Obama’s policies and his dismissiveness toward half the country,” Republican National Committee spokesman Michael Ahrens said in response to the Friday speech. “Doubling down on that strategy won’t work in 2018 either.”

Meanwhile, Michelle Obama is also stepping up her political involvement ahead of the November midterm election. She will headline voter registration rallies in Las Vegas and Miami later in September as part of a week of action by When We All Vote, the new nonpartisan organization she co-chairs.

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News Network
May 28,2020

May 28: Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.

One of the nation's biggest manufacturers will lay off 6,770 U.S. employees this week, and another 5,520 workers are taking buyout offers to leave voluntarily in the coming wee

Air travel within the U.S. tumbled 96% by mid-April, to fewer than 100,000 people on some days. It has recovered slightly. The Transportation Security Administration said it screened 264,843 people at airports on Tuesday, a drop of 89% compared with the same Tuesday a year ago.

Boeing had said it would cut 10% of a work force that numbered about 160,000. A Boeing spokesperson said Wednesday's actions represent the largest number of job cuts, but several thousand additional jobs will be eliminated in the next few months.

The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business. The defense and space division is stable and will help blunt the impact of the decline in air travel and demand for passenger jets, the company said.

Boeing said additional job cuts will be made in international locations, but it did not specify numbers.

"The COVID-19 pandemic's devastating impact on the airline industry means a deep cut in the number of commercial jets and services our customers will need over the next few years, which in turn means fewer jobs on our lines and in our offices," CEO David Calhoun said Wednesday in a memo to employees.

Calhoun said the company faces the challenges of keeping employees safe and working with suppliers and airlines "to assure the traveling public that it can fly safe from infection."

Calhoun warned that Boeing will have to adjust business plans constantly because the pandemic makes it hard to predict the impact on the company's business.

Boeing's crisis began with two crashes of its 737 Max, which led regulators around the world to ground the jetliner last year. The company's problems have deepened with the coronavirus, which has cut global air traffic by up to 90% and caused airlines to postpone or cancel orders and deliveries for new planes.

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News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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News Network
June 30,2020

Beijing, June 30: China said on Tuesday it was concerned about India’s decision to ban Chinese mobile apps such as Bytedance’s TikTok and Tencent’s WeChat and was making checks to verify the situation.

Chinese foreign ministry spokesman Zhao Lijian told reporters during a daily briefing that (the Prime Minister Narendra Modi-led government of) India has a responsibility to uphold the rights of Chinese businesses.

India on Monday banned 59, mostly Chinese, mobile apps in its strongest move yet targeting China in the online space since a border crisis erupted between the two countries this month.

The apps are “prejudicial to the sovereignty and integrity of India, the defence of India, the security of state and public order", the ministry of information technology said in a statement, which came two weeks after 20 Indian Army personnel were killed in a violent clash on the India-China border in Ladakh.

The companies have been invited to offer clarifications before a government panel, which will decide whether the ban can be removed or will stay.

The move also came ahead of military and diplomatic talks between India and China scheduled this week.

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