Charlottesville violence tests Donald Trump’s presidential mettle

Agencies
August 13, 2017

Bedminster, Aug 13: For President Donald Trump, this was the week when the real world began to intrude upon his presidency. The violent clashes in Charlottesville, Virginia, between white nationalists and counter-protesters confronted Trump with perhaps the first true domestic crisis of his young administration. And to some, even within his own Republican Party, he came up short. It followed days of blustery threats toward North Korea that rattled some Americans and unnerved allies. Both are the kinds of white-knuckle challenges that define presidents – and which Trump largely has avoided during the first months of his tenure.

As images of rising tensions and a deadly car rampage in Charlottesville filled TV screens nationwide, the president was criticized first for waiting too long to address the violence and then, when he did so, failing to explicitly condemn the white-supremacist marchers who ignited the melee. Marco Rubio, a Republican senator who was Trump’s rival for the presidential nomination, quickly suggested Trump’s initial response was inadequate. On Twitter, Rubio wrote that it was, “Very important for the nation to hear describe events in Charlottesville for what they are: a terror attack by #whitesupremacists.”

While Trump has had to deal with the pressures of the federal probe into Russian meddling in last year’s election, disarray in his White House, and conflicts with Congress over his stalled agenda, there are have been few external crises that have tested his presidential mettle. By contrast, his predecessor, Barack Obama, inherited a severe economic downturn during his first year in office, and would go on to face, among other tests, a catastrophic oil spill in the Gulf of Mexico, Middle East upheaval, terror attacks in Boston, Orlando, and elsewhere, and civil unrest in Ferguson, Missouri and Baltimore, Maryland.

Trump has spent this week at his tony golf club in New Jersey, attempting to show the American public that he is indeed working and not vacationing. He held one event after the other, while answering media questions with an approachability he hasn’t shown for months. Yet, when news of the situation in Charlottesville first started filtering out on Friday, Trump was silent. He first addressed the matter — through a tweet — on Saturday afternoon, after a planned white-supremacist rally had been dispersed, fights had broken out, and a state of emergency declared.

By the time Trump finally appeared before reporters at a staged bill-signing event at his club, footage of a car speeding up and slamming into a crowd of protesters had swamped social media and cable networks, raising the specter of domestic terrorism. At least one woman in the car’s path died and several people suffered critical injuries. At a podium, Trump read a statement rebuking the violence, but without specifically mentioning or faulting the role of white nationalists. “We condemn in the strongest possible terms this egregious display of hatred, bigotry and violence on many sides – on many sides,” Trump said.

He also took the occasion to boast about declining unemployment and new corporate investment in the United States. Afterwards, he ignored shouted questions from reporters as to whether he would denounce white supremacism and whether the car incident constituted terrorism.

REPUBLICAN SENATORS QUESTION RESPONSE

Beyond Rubio, Trump’s response apparently also was not enough for Senator Cory Gardner, who chairs the Republican Party’s Senate-election effort. “Mr. President, we must call evil by its name,” he tweeted. “These were white supremacists and this was domestic terrorism.” Republican Orrin Hatch, who has served as a senator for 40 years, referenced his brother, who was killed in World War II.

“We should call evil by its name. My brother didn’t give his life fighting Hitler for Nazi ideas to go unchallenged here at home,” he said on Twitter. Democratic Senator Brian Schatz said that Trump had not demonstrated moral leadership. “There are NOT many sides to this,” he wrote. Trump tweeted several more times after the press event, offering support to the city of Charlottesville and the police but still declining to critique the violence in more explicit terms.

Both as a candidate and as president, Trump has met with charges that he has courted the support of white supremacists and nationalists, the so-called “alt-right,” as a key part of his passionate voter base. He was forced at one point last year to publicly denounce the Ku Klux Klan and one of its leaders, David Duke. After Trump was elected, he installed Steve Bannon, a trusted figure in nationalist circles and former chairman of the hard-right outlet Breitbart News, as a top adviser in the White House.

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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Agencies
February 26,2020

Tokyo, Feb 26: Two more Indians onboard quarantined cruise ship -- Diamond Princess -- were tested positive for novel coronavirus, the Indian embassy here said on Tuesday, adding that those Indians not infected by the virus will be repatriated to the homeland on February 26.

A total of 16 Indian nationals onboard the luxury ship -- quarantined off the coast of Japan since February 5 -- have been tested positive for coronavirus so far, the embassy informed.

"A chartered flight is being arranged to repatriate Indian nationals onboard #DiamondPrincess, provided they have (a) consented; (b) not tested positive for #COVID19; (c) cleared by the medical team. An email advisory to this effect, with details, has been sent to them," the embassy tweeted.

The repatriation of the Indian nationals will be facilitated by the Indian government.

"PCR test results for ALL Indian nationals declared-02 more Indians tested positive to #COVID19, taking the total to 16. Those fulfilling conditions and consenting to repatriation to India on 26 Feb being facilitated by the Indian Government. Details shared with them," the following tweet read.

A total of 138 Indians, including 132 crew and 6 passengers, were among the 3,711 people on board the luxury cruise ship which was quarantine off Japan on February 5 after it emerged that a former passenger had tested positive for the virus.

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News Network
January 7,2020

Jan 7: Body of the senior Iranian military commander, Qasem Soleimani killed in a U.S. drone strike in Iraq last week, has arrived in his home town of Kerman in southeast Iran for burial, the official IRNA news agency said on Tuesday.

State TV broadcast live images of thousands of people in the streets of the town, many of them dressed in black, to mourn Soleimani's death.

Soleimani was widely seen as Iran’s second most powerful figure behind Supreme Leader Ayatollah Ali Khamenei, 80, who wept in grief along with hundreds of thousands of mourners who thronged the streets of Tehran for Soleimani’s funeral on Monday.

Khamenei led prayers at the funeral in the Iranian capital, pausing as his voice cracked with emotion. Soleimani, 62, was a national hero even to many who do not consider themselves supporters of Iran’s clerical rulers.

He was killed while leaving Baghdad airport last Friday. Mourners packed the streets, chanting: “Death to America!” - a show of national unity after anti-government protests in November in which many demonstrators were killed.

The crowd, which state media said numbered in the millions, recalled the masses gathered in 1989 for the funeral of the Islamic Republic’s founder, Ayatollah Ruhollah Khomeini.

The killing of Soleimani has prompted fears around the world of a broader regional conflict, as well as calls in the U.S. Congress for legislation to keep President Donald Trump from going to war against Iran.

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