Trump Admits To Russian Hacking Even As He Attacks US Intelligence Community

January 12, 2017

New York, Jan 12: President-elect Donald Trump acknowledged for the first time here Wednesday that Russia was responsible for hacking the Democratic Party during last year's election, but denied that the leaks were intended to boost him and argued that Moscow would cease cyber attacks on the United States once he is sworn in.

presidentIn a rollicking hour-long news conference, Trump furiously denounced as "fake news" the reports that Russia had obtained salacious intelligence that could compromise him. He suggested that any damaging information collected by Russian President Vladimir Putin's administration would already have been released - and he celebrated what had leaked out about Democratic nominee Hillary Clinton.

"As far as hacking, I think it was Russia," Trump said. "Hacking's bad and it shouldn't be done. But look at the things that were hacked, look at what was learned from that hacking."

Allowing his hostility and contempt toward the U.S. intelligence community to again burst into public view, Trump also reaffirmed his belief - first expressed in a tweet earlier Wednesday morning - that intelligence officials were behaving as though they were in "Nazi Germany" with what he termed "disgraceful" leaks to the media. The Anti-Defamation League asked Trump to apologize for trivializing the Holocaust.

Trump made a series of promises but provided little specific evidence on how he would deliver them. He vowed to repeal and replace President Barack Obama's Affordable Care Act quickly and nearly simultaneously ("could be the same hour"); to start building a wall along the U.S. border with Mexico before convincing the Mexican government to pay for it ("that will happen, whether it's a tax or whether it's a payment"); and unveiled how he is disentangling himself from management of his massive business empire while still refusing to divest himself of his financial interests.

Trump also said he planned to announce a nominee fill the Supreme Court vacancy left by the late justice Antonin Scalia within two weeks of his Jan. 20 inauguration, having already reviewed a list of about 20 candidates recommended by conservatives at the Federalist Society and Heritage Foundation. And he promised to bring jobs to the states that supported him in November, calling himself "the greatest jobs producer that God ever created."

In a performance that was by turns considered, combative, and carnivalesque, Trump also definitively confirmed that winning the presidency has not changed his public presentation to that of a more traditional statesman.

Instead, he repeatedly lashed out at the news media. He shushed correspondents from CNN - "You are fake news," he hissed at them - which broke the news late Tuesday that Trump and Obama had been briefed on allegations that Russian intelligence services have compromising material and information on Trump's personal life and finances.

He also went after Buzzfeed, which published a document Tuesday outlining some of the unverified allegations, which were based on research done by an outside entity engaged in political consulting work and led by a former high-ranking British intelligence official. Trump called Buzzfeed a "failing pile of garbage" and warned it would "suffer the consequences" for publishing the dossier.

Some 300 journalists packed into the marble lobby of Trump Tower for the president-elect's first full-fledged news conference since July 27, when among other pronouncements Trump urged the Russian government to find and release tens of thousands of Clinton's private emails.

Six months later, the subject of Russian hacking still clouds Trump's transition to power and questions about the hacking attacks dominated Wednesday's press conference. At first, Trump refused to say whether he or anyone on his campaign had been in contact with Russia, but he clarified as he left the press conference, telling reporters near the elevators that neither he nor his team had any contact with Russia about his campaign.

Trump also insisted that the warm relationship he has cultivated with Putin is beneficial to the United States.

"If Putin likes Donald Trump, guess what, folks? That's called an asset, not a liability," he said. "Now, I don't know that I'm gonna get along with Vladimir Putin. I hope I do. But there's a good chance I won't. And if I don't, do you honestly believe that Hillary would be tougher on Putin than me?"

At times, Trump also seemed eager to both reminisce about and relitigate his unlikely campaign. He recounted his crowds of thousands that "would go crazy" when he urged them to cheer that Mexico would pay for a border wall. And he poked fun at Sen. Lindsey Graham, R-S.C., a longtime critic who ran unsuccessfully in the 2016 Republican primary, when asked about a bill Graham is co-sponsoring that would increase sanctions on Russia.

"I've been competing with him for a long time," Trump said, nodding to Graham's poor showing in the primaries. "He is going to crack that 1 percent barrier one day."

On cyber attacks, he said his administration will produce within 90 days a major report on how to stop the hacking "phenomena."

He also argued that Russia hacked the Democrats because "the Democratic National Committee was totally open to be hacked."

Trump claimed credit for instructing Republican National Committee Chairman Reince Priebus, his incoming White House chief of staff, to invest in ordering "a very, very strong hacking defense," and said the Russians had tried to hack his party's internal systems but "were unable to break through."

FBI Director James Comey said at a hearing Tuesday that none of the RNC's current computer networks were hacked but that old email servers that were no longer being used were penetrated. The fact that none of that information was released by the Russians factored into the intelligence community's conclusion that Moscow aimed to help Trump win, Comey said.

He noted that the Russian hackers "got far deeper and wider into the DNC than the RNC." Officials have previously said that the DNC's cybersecurity was not as strong as the RNC's.

Like many Trump productions, Wednesday's press conference was strategically staged and cast. Aides carried out heaps of papers in manila folders, which Trump claimed were the legal documents transferring management of his many business interests over to his two adult sons, Donald Jr. and Eric.

Sean Spicer, the incoming White House press secretary, emerged first at the lectern to play the role of outraged disciplinarian, setting the tone for a press conference that was both offensive and defensive. He half-read, half-shouted a strongly worded statement castigating some media organizations for "highly salacious and flat-out false" reports Tuesday night about Trump and Russia that he said were intended to undermine the new administration.

"The fact that BuzzFeed and CNN made the decision to run with this unsubstantiated claim is a sad and pathetic attempt to get clicks," Spicer said, as his boss looked on proudly.

Spicer's admonishment seemed intended to free Trump to rise above the fray - and Trump's initial remarks were measured and largely magnanimous. But a few questions into the news conference, the president-elect delved directly into the topic of Russia.

Asked whether he engaged in behavior during his Russia trip for the Miss Universe pageant that he now regrets and that makes him now vulnerable to blackmail, Trump said he is "extremely careful" when traveling abroad. He said he tells his bodyguards to beware hidden cameras in foreign hotels.

"You have cameras in the strangest places - cameras that are so small with modern technology you can't see them and you won't know," Trump said. "You better be careful or you'll be watching yourself on nightly television. I tell this to people all the time."

Trump added, "I'm also very much of a germaphobe, by the way. Believe me."

Trump's post-election news conference, where he had planned to formally announce how he would restructure his businesses to avoid conflicts of interest, was delayed for weeks as he and his lawyers worked to disentangle the president-elect.

Midway through, Trump turned over the lectern to Sheri Dillon, a tax adviser at the Morgan Lewis law firm, who read a lengthy statement explaining that Trump was giving up management of the Trump Organization and shifting his assets into a trust managed by Donald Jr. and Eric Trump while he serves as president.

However, Trump will not sell his business or his stake. He also said he would continue continued to refuse to release his tax returns for public review. "The only ones that care about my tax returns are the reporters," Trump said.

Trump's company, which has a vast array of licensing deals, buildings, golf courses and other properties around the globe, will make no new foreign deals while he is in office, Dillon said. Any new domestic deals would undergo vigorous review and require approval by an independent ethics adviser.

As Dillon explained the nuances of the new arrangement, Trump stood off to the side appearing restless and perhaps bored. He shifted his stance, whispered back and forth with Vice President-elect Mike Pence, and at one point ducked out of camera view to take a sip of water.

Yet Trump soon returned to his spot at center stage, parrying questions on a range of subjects before drawing the cameras to focus on the display of papers and folders at the table next to him. He said they were "just a piece of the many, many companies" being put into a trust to be run by his sons.

"I hope at the end of eight years I'll come back and say, 'Oh, you did a good job,' " Trump said, as his two older sons looked on admiringly.

But Trump couldn't resist a final flourish, underscoring his ongoing struggle to shift from reality television host to leader of the free world. "Otherwise, if they do a bad job," Trump continued, "I'll say, 'You're fired!' "

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News Network
June 2,2020

Washington, Jun 2: US President Donald Trump said that peaceful protests following the death of African-American man George Floyd in police custody were derailed by acts of domestic terrorism.

"These are not acts of peaceful protests, these are acts of domestic terror - the destruction of innocent life, and the spilling of innocent blood is an offence to humanity and a crime against God," Trump said during a press briefing on Monday.

Trump also added that the chaos is the work of professional agitators and provocateurs - anarchists and the far-left movement Antifa, among others - and put them on notice, vowing to enforce law and order.

He further said, "Those who threaten innocent life and property will be arrested, detained and prosecuted to the fullest extent of the law. I want the organizers of this terror to be on notice that you will face severe criminal penalties and lengthy sentences in jail. This includes Antifa and others who are leading instigators."

The US president also that he is invoking an 1807 law to mobilize the military around the country to "quickly solve the problem."

"I am also taking swift and decisive action to protect our capital Washington DC. As we speak, I am dispatching thousands and thousands of heavily armed soldier, military personnel and enforcement officers to stop the rioting," Trump said during a press briefing.

"I am mobilizing all available federal resources, civilian and military, to stop the rioting and looting, to end the destruction and arson. And to protect the rights of law-abiding Americans, including your Second Amendment rights," he added.

Trump said mayors and governors must establish an "overwhelming law enforcement presence until the violence has been quelled." If the city or state refuses to take the actions, Trump said he would deploy the US military.

Trump on Monday also said that all Americans are rightly 'sickened by the brutal death' of George Floyd and his administration is fully committed to providing justice to George and his family.

"All Americans were rightly sickened and revolted by the brutal death of George Floyd. My administration is fully committed, the justice will be fully served for George and his family and He will not have died in vain," Trump said.

"My first and highest duty as president is to defend and protect the great country and the American people. I have sworn an oath to uphold the laws of our nation and that is exactly what I will do," he added.

After the media address, Trump made a surprise visit to the damaged St Johns church near White House, walking through park violently cleared of protesters. He walked to the church across the street from the White House after tear gas was fired at protesters in the area.

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News Network
April 13,2020

Vienna, Apr 13: Top oil-producing countries agreed on "historic" output cuts to prop up prices hammered by the coronavirus crisis and a Russia-Saudi price war, sending crude prices soaring on Monday.

The US benchmark WTI climbed 7.7 percent to $24.52 a barrel in early Asian trade while Brent was up 5.0 percent at $33.08.

OPEC producers dominated by Saudi Arabia and allies led by Russia thrashed out a compromise deal via videoconference Sunday after Mexico had balked at an earlier agreement struck on Friday.

In the compromise reached Sunday they agreed to a cut of 9.7 million barrels per day from May, according to Mexican Energy Minister Rocio Nahle, down slightly from 10 million barrels a day envisioned earlier.

OPEC Secretary General Mohammad Barkindo called the cuts "historic".

"They are largest in volume and the longest in duration, as they are planned to last for two years," he said.

The agreement between the Vienna-based Organization of the Petroleum Exporting Countries and partners foresees deep output cuts in May and June followed by a gradual reduction in cuts until April 2022.

Barkindo added that the deal "paved the way for a global alliance with the participation of the G20".

Saudi Energy Minister Prince Abdulaziz bin Salman, who chaired the meeting together with his Russian and Algerian counterparts, also confirmed that the discussions "ended with consensus".

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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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