'Presidential debate showes two visions of US'

October 11, 2016

Jeddah, Oct 11: The second US presidential debate on Sunday between Donald Trump and Hillary Clinton left Arab analysts astonished “as it displayed two different Americas.”

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Jordan's former Information Minister Saleh Al-Qallab said Clinton performed well.

“She made some very good points against Trump, and if she wins — and I hope she does — it will be good for Syria and the entire Middle East,” he told Arab News from Amman on Tuesday.
Al-Qallab felt Trump seems to incline toward Russian President Vladimir Putin when it comes to Syria.

“To me, there were clear signs during the course of the debate that Trump wants to hedge his bets on Russia ... He is going over to Russia,” he said. “No worry, he is not going to win.”

Al-Qallab said the world is once again divided between the East and the West, just like it was during the Cold War.

Clinton was “very clear” in her opposition to Russia. “She is not going to be like US President Barack Obama who turned out to be very, very weak,” he said. “Clinton is not going to treat Russia like Obama did. She is going to be tough.”

Al-Qallab's verdict: “Clinton won. Trump fought hard, but in the end, he was defeated.”

Joyce Karam, Al-Hayat's Washington bureau chief, told Arab News that there were two visions of America on display on Sunday night, “one of Trump and the other of Clinton.”

She felt Trump “did better stylistically” when compared to the first debate. “However, that was not enough for him to deliver the knockout blow to Clinton,” she said. “He needed a knockout to rebalance his position in the race.”

She said there were stark differences between the two nominees on the many issues that endanger the US and the rest of the world. “Take the Middle East, for example, and look how they are viewing what is happening in Syria,” she said. “It was astonishing to see Trump actually describing the bombardment and the razing of Aleppo as fighting ISIS.”

She was equally shocked by Trump's defending Russia in the hacking controversy.

“This comes two days after the US intelligence had officially confirmed that Russia is involved in the hacking,” she said.

“When they asked him about Syria, and the need to meet Russian provocations with US strength and military force, as advocated by his running mate (Mike Pence), Trump said, ‘I haven't spoken to him recently. Right now, Syria is fighting ISIS.'”

For Karam, that was a revealing moment of the debate. “This shows how stubborn Trump is and how detached he is from the foreign policy reality and national security interests of the United States.”

According to her, people are surprised that a US presidential nominee should be in the same camp as Assad and Russia “at a time when the US has just launched an investigation into Russian war crimes in Aleppo.”

She said if Trump actually wins, that could lead to the US going into the Russian-Iranian camp over Syria. “That would be unprecedented in US foreign policy.”

She admitted that Trump did criticize the Iran nuclear deal. “But then there is no consistency in his foreign policy outlook. He says a lot of things that could ring well with his voters, but there is no real strategy, no clear outlook on how he defines US national security in the Middle East.”

Karam's verdict: “It was actually a draw. I don't think anybody emerged as a winner on Sunday night.”

Maha Akeel, a Jeddah-based Saudi journalist, said she did not like either candidate.

“But, if I have to choose, it would be Clinton because she is tough, experienced, smart and knows the issues, and you can tell that from her answers,” she said.

If she makes history as the first female US president “this will be good for women and girls around the world, especially since she is an advocate of women's rights and empowerment,” said Akeel.

Akeel's verdict: “I am not sure, but Trump did better this time.”

Alaa Abdel Ghani, former deputy editor-in-chief of Ahram Weekly, described the debate as “dirty.”

“We watched the debate with amusement and also disbelief as one candidate tells the other that if he becomes the president, he would put the other in jail. We have not seen anything like this before,” he told Arab News from Cairo. “I don't think it ever happened in US election history.

He rued the fact that nobody talked about the real issues that concern ordinary Americans, such as economy and health care.

“This was supposed to be a debate in which the people of the United States were supposed to participate; they were supposed to ask questions and seek answers. But since the focus was too much on the past history of Bill Clinton and his liaison with other women, and the infamous Trump tape, there was very little time for people to ask questions about their future and the future of America,” he said.

Ghani's verdict: “No clear winner.”

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News Network
April 11,2020

Apr 11: The number of global coronavirus deaths has increased to 102,753, while the total number of cases worldwide has surpassed 1.6 million, according to the latest update by the Washington-based Johns Hopkins University.

As of Saturday morning, the overall number of infections increased to 1,698,416, while the tally of those who recovered from the deadly disease stood at 376,677, according to the varsity's Center for Systems Science and Engineering (CSSE).

In terms of cases, the US had the highest in the world at 501,301, followed by Spain 158,273, Italy 147,577 and France 125,931.

Italy accounted for the highest death toll at 18,849, with the US in the second place with 18,769 fatalities.

Other countries with more than 10,000 deaths include Spain (16,081) and France (13,197).

Although the pandemic originated in China last December, it now only accounts for 3,343 deaths with 83,003 confirmed cases.

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News Network
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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April 5,2020

Washington, Apr 5: US President Donald Trump on Saturday said that he has requested Prime Minister Narendra Modi to supply Hydroxychloroquine tablets that can be used to treat COVID-19 patients.

"After call today with Indian Prime Minister Narendra Modi, India is giving serious consideration to releasing the hold it put on a US order for hydroxychloroquine," Trump announced at the White House Coronavirus task force briefing that he requested PM Narendra Modi for more Hydroxychloroquine tablets.

President Trump did not shy away from saying he too will take a tablet of hydroxychloroquine after announcing that he has requested Prime Minister during his telephonic conversation earlier today to lift a hold on the US order of the medicine.

"I may take it too, will have to talk to my doctors," he added.

"India makes a lot of it. They need a lot too for their billion-plus people. 

The hydroxychloroquine, the anti-malaria drug will be released through the Strategic National Stockpile for treatment," he said.

"I said I would appreciate if they would release the amounts that we ordered" of hydroxychloroquine, he said.

The Indian government has put on hold the export of anti-malarial drug hydroxychloroquine and its formulations.

Prime Minister Narendra Modi said on Twitter, "Had an extensive telephone conversation with President @realDonaldTrump. 

We had a good discussion, and agreed to deploy the full strength of the India-US partnership to fight COVID-19."

Prime Minister conveyed deep condolences for the loss of lives in the United States and his prayers for the early recovery of those still suffering from the disease.

As on Sunday, the United States has at least 301,902 cases of coronavirus according to Johns Hopkins University's tally. 

At least 8,175 people have died in the US from coronavirus.

There was a steep rise in the number of cases in the last 24 hours. At least 23,949 new cases were reported, and at least 1,023 new deaths in the US have been reported in the last 24 hours.

US Secretary of State Michael Pompeo had discussions with External Affairs Minister S Jaishankar about the importance of continued close cooperation between the United States and India to combat coronavirus by strengthening global pharmaceutical supply chains.

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