Amid Recount Effort, Donald Trump Eyes Foreign Policy, Defense Jobs

November 27, 2016

West Palm Beach, Nov 27: His inauguration less than eight weeks away, President-elect Donald Trump was confronted by new developments Saturday in recount efforts in three states pivotal to his Nov. 8 victory, even as he worked to fill foreign policy and national defense jobs in his incoming administration.

Donald

The New York billionaire, whose defeat of Democrat Hillary Clinton surprised even some loyalists, has scrambled to fill his Cabinet as the Jan. 20 inauguration approaches. Still, in many ways, he has barely scratched the surface of creating the massive team needed to run the government.

Experts say presidential transitions are periods of great vulnerability for the nation, and among the vacancies on the Trump team are leaders of the departments of State, Defense and Homeland Security.

Trump, who has virtually no experience in foreign affairs, offered a one-line tweet Saturday morning in reaction to the death of Cuban leader Fidel Castro - "Fidel Castro is dead!" - before issuing a more detailed statement.

"While Cuba remains a totalitarian island, it is my hope that today marks a move away from the horrors endured for too long, and toward a future in which the wonderful Cuban people finally live in the freedom they so richly deserve," Trump said.

His transition team did not immediately respond to requests to clarify his Cuba policy, which was inconsistent during the campaign.

Also Saturday, Clinton's camp said it was supporting Green Party candidate Jill Stein's push to force recounts in Wisconsin, Pennsylvania in Michigan. Trump narrowly carried those Democratic strongholds.

Clinton leads the national popular vote by close to 2 million votes, but Trump won 290 electoral votes to Clinton's 232, with Michigan still too close to call. It takes 270 to win the presidency.

Wisconsin officials are moving forward with the first presidential recount in state history following Stein's formal request. Stein, who drew 1 percent of the vote nationally, is raising millions of dollars to pay for the effort.

"Because we had not uncovered any actionable evidence of hacking or outside attempts to alter the voting technology, we had not planned to exercise this option ourselves," Clinton campaign attorney Marc Elias wrote Saturday in blog post. "But now that a recount has been initiated in Wisconsin, we intend to participate in order to ensure the process proceeds in a manner that is fair to all sides."

Elias said Clinton would take the same approach in Pennsylvania and Michigan if Stein were to follow through with recount requests those states, even though that was highly unlikely to change the election outcome.

"Regardless of the potential to change the outcome in any of the states, we feel it is important, on principle, to ensure our campaign is legally represented in any court proceedings and represented on the ground in order to monitor the recount process itself," Elias wrote.

Trump was spending the Thanksgiving holiday weekend with family at his Palm Beach estate, Mar-a-Lago. On Friday, he named Fox News analyst Kathleen Troia "KT" McFarland as deputy national security adviser and appointed campaign attorney Donald McGahn as White House counsel.

McFarland has worked for three presidents, although none since Ronald Reagan. Fox News said Saturday that her contract has been terminated in light of the appointment.

Trump planned to return to his New York home on Sunday ahead of a series of Monday meetings with prospective administration hires, including Sheriff David Clarke of Milwaukee County, Wisconsin. He's seen as a possible Homeland Security pick. Clarke's vocal opposition to the "Black Lives Matter" movement has made him popular with many conservatives.

Trump and Vice President-elect Mike Pence also have Monday meetings scheduled with Oklahoma Attorney General Scott Pruitt, Rep. Lou Barletta, R-Pa., former Security and Exchange Commission commissioner Paul Atkins, World Wide Technology chairman David Steward and General Growth Properties CEO Sandeep Mathrani.

Internal divisions over his choice for secretary of state have delayed that critical decision. The options include former New York City Mayor Rudy Giuliani, who lacks foreign policy experience, but was intensely loyal to Trump, and 2012 Republican presidential nominee Mitt Romney, who aggressively opposed Trump's candidacy but is largely regarded as more qualified. Tennessee Sen. Bob Corker is also a possibility.

With the world's attention on Cuba on Saturday, Trump indicated his administration would do "all it can to ensure the Cuban people can finally begin their journey toward prosperity and liberty."

During the campaign, Trump initially suggested he supported President Barack Obama's moves to loosen the US trade embargo.

Trump reversed himself less than a month before the election, and said he would reverse Obama unless Cuba met demands including "religious and political freedom for the Cuban people and the freeing of political prisoners."

His Saturday statement offered no more clarity.

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News Network
July 27,2020

Tokyo, Jul 27: Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe-haven assets, although sentiment was mixed with tech gains supporting some Asian stocks.

MSCI's ex-Japan Asia-Pacific index rose 1.3 percent as Taiwan's TSMC, Asia's third-largest company by market capitalisation, rose almost 10 percent.

The chipmaker's gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7-nanometer chip technology.

Also soothing sentiment, Chinese shares eked out gains after big falls late last week, with CSI300 index rising 0.5 percent.

S&P500 futures were last up 0.4 percent in choppy trade while Japan's Nikkei fell 0.5 percent, resuming trade after a long weekend and catching up with falls in global shares late last week.

Global shares had lost steam last week after Washington ordered China's consulate in Houston to close, prompting Beijing to react in kind by closing the US consulate in Chengdu.

US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use "more creative and assertive ways" to press the Chinese Communist Party to change its ways.

"US President (Donald) Trump used to say China's President Xi Jinping is a great leader. But now Pompeo's wording is becoming so aggressive that markets are starting to worry about further escalation," said Norihiro Fujito, chief investment strategist at Mitsubishi Securities.

Gold rose 1.0 percent to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe-haven assets, especially those not tied to any specific country.

The yellow metal is also helped by aggressive monetary easing adopted by many central banks around the world since the pandemic plunged the global economy into a recession.

Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.

MORE STIMULUS

Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.

That means the economy could capitulate without fresh support from the government, with some of earlier steps such as enhanced jobless benefits due to expire this month.

Investors hope US Congress will agree on a deal before its summer recess but there are some sticking points including the size of the stimulus and enhanced unemployment benefits.

US Treasury Secretary Steve Mnuchin said the package will contain extended unemployment benefits with 70 percent "wage replacement".

Democrats, who control the House of Representatives, want enhanced benefits of $600 per week to be extended and look to much bigger stimulus compared with the Republicans' $1 trillion plan.

Investors are looking to corporate earnings from around the world for hints on the pace of recovery in the global economy.

"It looks like rising coronavirus cases are starting to slow down recovery in many countries," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.

Concerns about the US economic outlook started to weigh on the dollar, reversing its inverse correlation with the economic well-being over the past few months.

The dollar index dropped 0.3 percent to its lowest level in nearly two years.

The euro gained 0.3 percent to $1.1693, hitting a 22-month high of $1.16590 as sentiment on the common currency improved after European leaders reached a deal on a recovery fund in a major step towards more fiscal co-operation.

Against the yen, the dollar slipped 0.5 percent to 105.605 yen, a four-month low while the British pound hit a 4 1/2-month high of $1.2832.

Oil prices dipped on worries about the worsening Sino-US relations.

Brent futures fell 0.46 percent to $43.14 per barrel while US crude futures lost 0.44 percent to $41.11.

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News Network
March 6,2020

New York, Mar 6: A 23-year-old Indian with a student visa in the US has pleaded guilty to sexual enticement of a minor girl, prosecutors have said.

Sachin Aji Bhaskar faces a maximum penalty of life in prison.

He pleaded guilty before Senior US District Judge William M Skretny to sexual enticement of a minor.

The charge carries a minimum penalty of 10 years in prison, a maximum penalty of life in prison, a fine of USD 250,000 or both, US Attorney James P Kennedy said.

Prosecutors alleged that Bhaskar communicated by text and email with an 11-year-old girl for the purpose of engaging in sexual activity.

Through those communications, Bhaskar enticed the victim to engage in a sexual activity with him in August, 2018, they said.

The sentencing in the case is scheduled for June 17.

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News Network
March 28,2020

Washington, Mar 28: A US-based lab has unveiled a portable test that can tell if someone has COVID-19 in as little as five minutes, it said in a statement Friday.

Abbot Laboratories said the US Food and Drug Administration (FDA) had given it emergency authorization to begin making the test available to healthcare providers as early as next week.

The test, which is the size of a small toaster and uses molecular technology, also shows negative results within 13 minutes, the company said in a press statement.

"The COVID-19 pandemic will be fought on multiple fronts, and a portable molecular test that offers results in minutes adds to the broad range of diagnostic solutions needed to combat this virus," said Abbot president and chief operating officer Robert Ford.

The test's small size means it can be deployed outside the "traditional four walls of a hospital in outbreak hotspots," Ford said, and Abbott is working with the FDA to send it to virus epicenters.

The test has not been cleared or approved by the FDA, and has only been authorized for emergency use by approved labs and healthcare providers, the company said.

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