Trump's actions detrimental to country's health, says US official

Agencies
September 6, 2018

Washington, Sept 6: The US president is acting in a manner that is "detrimental to the health of our republic", an anonymous senior official wrote in The New York Times on Wednesday, with Donald Trump terming it "treason" and "gutless".

In the op-ed titled "I Am Part of the Resistance Inside the Trump Administration", the official said he and like-minded colleagues have vowed to thwart parts of the president's agenda and his worst inclinations.

President Trump is facing a test to his presidency unlike any faced by a modern US leader, claimed the writer, who The New York Times, in a tweet, identified as a he.

The daily, which rarely publishes anonymous articles, said it did not disclose the name of the senior official in the Trump administration on the request of the author, whose "identity is known to us and whose job would be jeopardised by its disclosure".

The official said, "To be clear, ours is not the popular 'resistance' of the left. We want the administration to succeed and think that many of its policies have already made America safer and more prosperous."

"But we believe our first duty is to this country, and the president continues to act in a manner that is detrimental to the health of our republic.

"That is why many Trump appointees have vowed to do what we can to preserve our democratic institutions while thwarting Mr Trump's more misguided impulses until he is out of office," the writer said.

However, Trump, speaking to reporters at the White House, lashed out at the daily, saying that "anonymous, meaning gutless, editorial."

"When you tell me about some anonymous source within the administration, probably who is failing and probably here for all the wrong reasons, and The New York Times is failing. If I were not here, I believe The New York Times probably would not exist," he said.

"We have somebody in what I call the failing New York Times that is talking about, he is part of the resistance in the administration. This is what we have to deal with," Trump said.

In a tweet, he demanded the New York Times reveal the identity of the person.

"Treason. Does the so-called senior administration official really exist, or is it just the Failing the New York Times with another phony source? If the gutless anonymous person does indeed exist, the Times must, for National Security purposes, turn him/her over to government at once." Trump said on Twitter.

In the damaging editorial, the official alleged that in public and in private, Trump showed preference to autocrats and dictators such as Russian President Vladimir Putin and North Korean leader Kim Jong-un, and displayed little genuine appreciation for ties that bind the US to allied and like-minded nations.

He said though Trump was elected as a Republican, "the president shows little affinity for ideals long espoused by conservatives: free minds, free markets and free people".

The official said at best, Trump has invoked these ideals in scripted settings and at worst, he has attacked them outright.

"In addition to his mass-marketing of the notion that the press is the enemy of the people, President Trump's impulses are generally anti-trade and anti-democratic," he said.

From the White House to the executive branch departments and agencies, senior officials will privately admit their daily disbelief at the commander in chief's comments and actions, the writer claimed. "Most are working to insulate their operations from his whims."

The official said, "Astute observers have noted, though, that the rest of the administration is operating on another track, one where countries like Russia are called out for meddling and punished accordingly, and where allies around the world are engaged as peers rather than ridiculed as rivals.".

The White House has called for the resignation of the senior administration official who wrote the piece.

"The individual behind this piece has chosen to deceive, rather than support, the duly elected president of the United States.

"He is not putting the country first, but putting himself and his ego ahead of the will of the American people. This coward should do the right thing and resign," White House Press Secretary Sarah Sanders said.

Nearly 62 million people voted for Trump in the 2016 elections, earning him 306 electoral college votes against 232 for his opponent. None of them voted for a "gutless, anonymous source to the failing New York Times," she said.

"We are disappointed, but not surprised, that the paper chose to publish this pathetic, reckless, and selfish op-ed.

"This is a new low for the so-called 'paper of record', and it should issue an apology, just as it did after the election for its disastrous coverage of the Trump campaign," Sanders said.

This is just another example of the liberal media's concerted effort to discredit the president, she claimed.

The senior administration official also said given the instability many witnessed, there were early whispers within the cabinet of invoking the 25th Amendment, which would start a complex process for removing the president.

"But no one wanted to precipitate a constitutional crisis. So we will do what we can to steer the administration in the right direction until one way or another it is over," the official said.

"The bigger concern is not what Mr Trump has done to the presidency but rather what we as a nation have allowed him to do to us. We have sunk low with him and allowed our discourse to be stripped of civility," he wrote.

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News Network
May 6,2020

Singapore, May 6: Oil prices slipped back Wednesday after two days of gains, although Brent crude remained above $30 a barrel, as renewed US-China tensions offset optimism about the easing of coronavirus lockdowns.

Brent, the international benchmark, fell 1.1 per cent to $30.63 a barrel in early Asian trade. On Tuesday, the contract surged 14 per cent and rose above $30 for the first time since mid-April.

US marker West Texas Intermediate slipped 1.9 per cent and was changing hands for $24.13 a barrel.

Oil markets have been battered as the virus strangled demand due to business closures and travel restrictions, with US crude falling into negative territory last month for the first time.

They started rallying strongly this week as countries from Europe to Asia ease curbs and economies start shuddering back to life.

But gains were capped Wednesday as dealers follow a brewing US-China row after Donald Trump hit out at Beijing over its handling of the outbreak, saying it began in a Wuhan lab, but so far offering no evidence.

"Traders are incredibly cautious this morning, weighing all the possible China responses," said Stephen Innes, chief global market strategist at AxiCorp.

"And the one that would hurt the most would be for China to reduce imports of US oil."

This week's rally was in part driven by a deal agreed between top producers to reduce output by almost 10 million barrels a day, which came into effect on May 1.

There have also been signs that the massive oversupply in the market is starting to ease as demand slowly comes back.

Energy data provider Genscape said earlier this week that stockpiles at the main US oil depot in Cushing, Oklahoma had increased by only 1.8 million barrels last week following weeks of major rises.

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News Network
June 2,2020

Jun 2: Pakistan's COVID-19 cases reached 76,398 on Tuesday after 3,938 new infections were reported across the country, while the death toll due to the coronavirus has gone up to 1,621, according to the health ministry.

The Ministry of National Health Services said that 78 COVID-19 deaths were recorded in the last 24 hours, taking the total number of fatalities in Pakistan to 1,621.

A total of 27, 110 people have recovered, it said.

Sindh has 29,647 patients, Punjab 27,850, Khyber-Pakhtunkhwa 10,485, Balochistan 4,514, Islamabad 2,893, Gilgit-Baltistan 738 and Pakistan-occupied Kashmir 271, it added.

The authorities have conducted 577,974 tests, including 16,548 in the last 24 hours.

The jump in the number of cases comes a day after Prime Minister Imran Khan said that people should learn to live with COVID-19 until a vaccine is developed.

Khan addressed the media after chairing the meeting of National Coordination Committee, the highest body to tackle the pandemic.

"Coronavirus will not go away until the vaccine is discovered. We need to learn to live with it and we can live with it if we follow precautions," he said.

He said the one million volunteers of the government's coronavirus force will raise awareness of the need to follow guidelines.

The government also said that all sectors will be opened slowly after deciding the negative list of businesses which will not be allowed.

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News Networkwork
May 14,2020

Bengaluru, May 14: ABB India has posted a profit after tax of Rs 66 crore during the first quarter (January to March) due to lower volumes including service revenue and unfavourable mix.

In Q1 CY19, it had reported a profit after tax of Rs 89 crore. ABB India follows calendar year as its fiscal year.

The company reported a profit including exceptional items and before tax of Rs 87 crore. The resultant under-absorption and mark-to-market impact due to forex volatility were partly offset by refund incomes and a one-time gain on sale of solar business during the quarter.

Revenues for the first quarter stood at Rs 1,522 crore, impacted by lower sales, non-receipt of delivery clearance, lower service revenue in the nationwide lockdown due to the COVID-19 pandemic. This impact primarily occurred in March, the company said in a statement.

ABB India said it continues to maintain a stable cash position of Rs 1,464 crore as on March 31 in a market where cash collection continues to be a challenge.

Besides, despite many activities coming to a standstill in March, the quarter was marked by commissioning for a mining major at Raigarh in Chhattisgarh, electrical and automation systems for a cement major and port and electrics, drives and automation for a leading mill in Bangladesh.

Terminal installation and commissioning for LPG, power management electrical control system for a leading refinery and commissioning of two units of a power plant in Kerala are some of the other projects where ABB's involvement ensured continuity and safe operations, it said.

On a global scale, the impact of COVID-19, as well as the fall in oil prices, has significantly impacted the short-term outlook. The global economy is expected to contract in 2020 after a rapid deterioration in outlook driven by the pandemic.

Despite unprecedented stimuli by governments and central banks around the world and initial signs of recovering economic activity in China, macro-indicators point to a global recession of uncertain duration as many countries continue to face restrictions with anticipated long-term economic consequences, said ABB India.

While the company is taking prompt action to adapt its operations and cost base to safeguard profitability, it expects the results in the coming quarter to be impacted due to the loss of volumes.

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