Journo loses press credentials for clashing with Trump

Agencies
November 8, 2018

Washington, Nov 8: In an unprecedented move, the White House has suspended the press credentials of a CNN journalist terming his behaviour as "disgusting and outrageous", hours after he engaged in a heated argument with President Donald Trump during a press conference.

Defending it chief White House correspondent Jim Acosta, the CNN said the decision is "a threat to democracy".

The White House's move followed a heated exchange between Trump and Acosta who refused the President's orders to sit down and clung to the microphone and persisted with questions about his views on a caravan of Central American migrants making its way to the US border.

A visibly angry Trump said "that's enough!" and a White House intern unsuccessfully tried to take the microphone from the CNN journalist.

Describing Acosta's behaviour as "disgusting and outrageous", the White House Press Secretary, Sarah Sanders, in a statement on Wednesday said, "As a result of today’s incident, the White House is suspending the hard pass of the reporter involved until further notice."

Sanders said Trump believes in a free press and expects and welcomes tough questions of him and his Administration. "We will, however, never tolerate a reporter placing his hands on a young woman just trying to do her job as a White House intern. This conduct is absolutely unacceptable,” she said.

"It is also completely disrespectful to the reporter’s colleagues not to allow them an opportunity to ask a question," she said.

Sanders said Trump has given the press more access than any President in history.

"Contrary to CNN's assertions, there is no greater demonstration of the President’s support for a free press than the event he held today. Only they would attack the President for not being supportive of a free press in the midst of him taking 68 questions from 35 different reporters over the course of an hour and a half – including several from the reporter in question," she said.

Meanwhile, the CNN said the revocation of Acosta's pass "was done in retaliation for his challenging questions at today's press conference...This unprecedented decision is a threat to our democracy and the country deserves better".

Acosta was stopped by the Secret Service from entering the White House at about 7 pm.

Former president of the White House Correspondents Association, Jeff Mason, refuted the White House accusation that Acosta placed his hand on a female White House intern.

"I was seated next to Acosta at today's press conference and did not witness him placing his hands on the young intern, as the White House alleges," he tweeted.

Mason, a Reuters correspondent, also came forward in defence of his CNN colleague. He said Acosta held on to the microphone as the intern reached for it and later posted a few pictures from the press conference to prove his point.

Peter Baker from The New York Times, who has been covering the White House for 22 years, said, "This is something I have never seen since I started covering the White House in 1996. Other presidents did not fear tough questioning."

The White House Correspondents Association (WHCA) also said such a decision is "unacceptable" and urged the White House that it "immediately reverse its decision".

"Journalists may use a range of approaches to carry out their jobs and the WHCA does not police the tone or frequency of the questions its members ask of powerful senior government officials, including the President," WHCA president Olivier Knox said.

The White House, meanwhile, said it stands by its decision.

"We stand by our decision to revoke this individual's hard pass. We will not tolerate the inappropriate behaviour clearly documented in this video," Sanders said, posting a video of the CNN reporter allegedly placing his hand on a young woman.

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News Network
May 20,2020

New Delhi, May 20: With 5,611 new cases reported in the last 24 hours, India's COVID-19 tally reached 1,06,750 on Wednesday, according to the Union Ministry of Health and Family Welfare.

As many as 140 deaths have been reported in the last 24 hours, taking the total number of deaths to 3,303.

Out of the total cases, 61,149 are actives cases and 42,298 patients have been cured/discharged/migrated.

Maharashtra continues to remain the worst-affected state with 37,136 cases, followed by Tamil Nadu (12,448 cases), Gujarat (12,140 cases), and Delhi (10,554 cases).

The nationwide lockdown imposed as a precautionary measure to contain the spread of coronavirus has been extended till May 31.

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Agencies
July 3,2020

The dollar's dominance will slowly melt away over the coming year on weakening global demand and a sombre U.S. economic outlook, according to a Reuters poll of currency forecasters whose views depend on there being no second coronavirus shock.

Despite fears a surge in new Covid-19 cases would delay economies reopening and stymie a tentative recovery, world stocks have rallied - with the S&P 500 finishing higher in June, marking its biggest quarterly percentage gain since the height of the technology boom in 1998.

Caught between bets in favour of riskier investments, weak U.S. economic prospects as well as an easing in the thirst for dollars after the Federal Reserve flooded markets with liquidity, the greenback fell nearly 1.0 per cent last month. It was its worst monthly performance since December.

While there was a dire prognosis from the top U.S. medical expert on the coronavirus' spread, the June 25-July 1 poll of over 70 analysts showed weak dollar projections as Fed Chair Jerome Powell on Monday reiterated the economic outlook for the world's largest economy was uncertain.

"The dollar rises in two instances: when you see risk off or when there is a situation where the U.S. is leading the global recovery, and we don't think that's going to be the case anytime soon," said Gavin Friend, senior FX strategist at NAB Group in London.

"The U.S. is playing fast and loose with the virus, and chronologically they're behind the rest of the world."

Currency speculators, who had built up trades against the dollar to the highest in two years during May, increased their out-of-favour dollar bets further last week, the latest positioning data showed.

About 80 per cent of analysts, 53 of 66, said the likely path for the dollar over the next six months was to trade around current levels, alternating between slight gains and losses in a range. That suggests the greenback may be at a crucial crossroad as more currency strategists have turned bearish.

But more than 90 per cent, or 63 of 68, said a second shock from the pandemic would push the dollar higher. Five said it would push the U.S. currency lower.

Much will also depend on debt servicing and repayments by Asian, European and other international borrowers in U.S. dollars.

While an early shortage of dollars in March from the pandemic's first shock pushed the Fed to open currency swap lines with major central banks, international funding strains have eased significantly since. In recent weeks, usage of the facility has reduced dramatically.

That trend is expected to continue over the next six months with major central banks' usage of swap lines to "stay around current levels", according to 32 of 46 analysts. While 13 predicted a sharp drop, only one respondent said use of them would "rise sharply".

The dollar index, which measures the greenback's strength against six other major currencies, has slipped over 5 per cent since touching a more than three-year high in March.

When asked which currencies would perform better against the dollar by end-December, a touch over half of 49 respondents said major developed market ones, with the remaining almost split between commodity-linked and emerging market currencies.

"The dollar is so overvalued, and has been overvalued for a long time, it's time now for it to come back down again, as we head towards the (U.S.) election," added NAB's Friend.

Over the last quarter, the euro has staged a 1.8 per cent comeback after falling by a similar margin during the first three months of the year. For the month of June, the euro was up 1.2 per cent against the dollar.

The single currency was now expected to gain about 2.5 per cent to trade at $1.15 in a year from around $1.12 on Wednesday, slightly stronger than $1.14 predicted last month. While those findings are similar to what analysts have been predicting for nearly two years, there was a clear shift in their outlook for the euro, with the range of forecasts showing higher highs and higher lows from last month.

"In comparison to even a month or two ago, the outlook in Europe has improved significantly," said Lee Hardman, currency strategist at MUFG.

"I think that makes the euro look relatively more attractive and cheap against the likes of the dollar. We're not arguing strongly for the euro to surge higher, we're just saying, after the weakness we have seen in recent years, there is the potential for that weakness to start to reverse."

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Agencies
March 25,2020

Beijing:  Around 5,000 people have signed up for the phase I clinical trial of recombinant novel coronavirus vaccine in Chinese city Wuhan where the virus first emerged late last year.

The recruitment for participants ended this week with nearly 5,000 volunteers signing up for the trial, state-run Beijing News reported on Wednesday.

A single-centre, open and dose-escalation phase I clinical trial for recombinant novel coronavirus vaccine (adenoviral vector) will be tested in healthy adults aged between 18 and 60 years, according to the ChiCTR (China Clinical Trial Register).

The trial, led by experts from the Academy of Military Medical Sciences, gained its approval on March 16 and the research is expected to last half a year.

Requiring at least 108 participants, the trial will be conducted in Wuhan, capital of Hubei province, the region worst-affected by the virus in the country, state-run China Daily reported.

Participants will experience 14-day quarantine restrictions after being vaccinated and their health condition will be recorded every day.

Chinese scientists are hastening the development of COVID-19 vaccines through five approaches --- inactivated vaccines, genetic engineering subunit vaccines, adenovirus vector vaccines, nucleic acid vaccines and vaccines using attenuated influenza virus as vectors.

So far, most teams are expected to complete preclinical research in April and some are moving forward faster, Wang Junzhi, an academician with the Chinese Academy of Engineering said.

Wang noted that research and development of COVID-19 vaccines in China is not slower than foreign counterparts and has been carried out in a scientific, standardised and orderly way.

China has stepped up the process to finalise vaccines to counter COVID-19 after Kaiser Permanente research facility in Seattle and Washington stole the march and began human trials.

China lifted tough restrictions on the Hubei province on Wednesday after a months-long lockdown as the country reported no new domestic cases.

But there were another 47 imported infections from overseas, the National Health Commission said. In total, 474 imported infections have been diagnosed in China -- mostly Chinese nationals returning home.

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