Will Trump murder the 10-year bull market? Since Trump’s May 5 tweet, markets were buffeted by sharp downturns and spikes in volatility. Hope turned to despair as negotiations with China broke down, prompting Trump to implement sweeping tariffs. Many feared that Trump’s latest actions may put the bull market’s longevity to the test. Unfortunately, it turned out that Trump was just getting started. “TARIFF is a beautiful word indeed” – Trump To justify his penchant for using tariffs as his primary tool to deter bad behavior of other countries, Trump tweeted the following on June 1, 2019: “When you are the “Piggy Bank” Nation that foreign countries have been robbing and deceiving for years, the word TARIFF is a beautiful word indeed! Others must treat the United States fairly and with respect – We are no longer the “fools” of the past!” Trump imposes tariffs on Mexico over illegal … [Read more...] about Will Trump murder the 10-year bull market?
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MOSCOW: The entire politics desk of one of Russia's top daily newspapers, Kommersant, quit on Monday (May 20) in protest over censorship after two veteran reporters were fired.The walkout at the newspaper controlled by pro-Kremlin tycoon Alisher Usmanov is a rare protest in the Russian media industry where nearly all print outlets toe the government line.Kommersant's staff, media professionals and liberal Russians accused the billionaire of destroying one of Russia's best newspapers.But speaking to AFP, Kommersant editor-in-chief Vladimir Zhelonkin defiantly rubbished that view."They've been saying this for the past 20 years," he told AFP. "Time will tell."Earlier on Monday, deputy editor Gleb Cherkasov said he and another 10 journalists - who make up Kommersant's political desk - quit in solidarity after the management forced two veteran reporters to resign over a scoop."The shareholder has a right to make staffing decisions," Cherkasov wrote on Facebook."The employees … [Read more...] about Pressure at top Russian daily triggers mass walkout
BRUSSELS — For weeks, Europe’s far-right populists have been dashing across the continent, joining arms and presenting themselves as a united front that will batter the political establishment and score a big breakthrough in this week’s elections for the European Parliament. Their latest group hug came in Milan on Saturday evening, where Italy’s firebrand, Matteo Salvini, preened with France’s far right icon, Marine Le Pen, and nearly a dozen other populist leaders. They bashed the European Union, migrants and Islam and promised the dawn of a new, nationalist era. But it was telling what they did not talk about: the scandal that erupted this weekend in Austria, which led to the collapse of the nation’s coalition government after the far-right vice chancellor was caught on a video promising favors to a woman claiming to be a Russian investor. The scandal has rocked Austria. The vice chancellor, a leader of the far-right Freedom Party, quickly … [Read more...] about News Europe elections will gauge populism’s power
SOCHI, Russia: Plans for a new cathedral in Russia have been suspended following clashes between police and protesters, the local mayor said on Thursday (May 16) just hours after President Vladimir Putin urged that opponents be given a hearing.Thousands of people in the Urals city of Yekaterinburg protested this week against Orthodox Church plans to recreate a pre-Soviet cathedral in a popular central park."Today, we have suspended work," Alexandre Vyssokinski said, according to the TASS news agency.The authorities will canvass local opinion so as to determine the project's future, he added.Earlier on Thursday, Putin said that "if people are against it, that opinion must be respected.""Steps need to be taken from both sides to resolve this issue from the point of view of people who live there," he said.He also suggested - as promised by Vyssokinski - that there should be "a survey, and the minority should concede to the majority."Social media images showed the mayor … [Read more...] about Russian cathedral project suspended after Putin comments
WASHINGTON -- US Secretary of State Mike Pompeo pressed Sunday for Russia to get out of Venezuela, while his Russian counterpart, Sergei Lavrov, called on Washington to "abandon its irresponsible plans" in the crisis-wracked country. The push and shove set the stage for a Pompeo meeting with Lavrov in Finland this week, and belied the conciliatory tone taken by US President Donald Trump on Friday after what he said was "a very good conversation" with Russian President Vladimir Putin. The top level contacts follow the failure of a US-backed uprising on Tuesday aimed at ousting Venezuela's President Nicolas Maduro, which Pompeo has blamed on Russia. Diosdado Cabello, the head of the Constituent Assembly, said the powerful pro-Maduro body would strip legislative immunity from opposition lawmakers who backed the uprising. Pompeo has said Maduro had been ready to flee to Havana but the Russians, who had flown military advisers to Caracas to shore up his socialist government, talked him out … [Read more...] about News US, Russia butt heads over Venezuela