News: Economy

  • Last prosecutor on Michael Flynn case departs Mueller's office
    March 18, 2019

    Last prosecutor on Michael Flynn case departs Mueller's officeHer departure comes on the heels of reports that another Mueller prosecutor would leave the office in coming days and is sure to be seen as a new indication that the special counsel???s investigation is winding down.


  • Could the Twitter Primary Cost Democrats the Oval Office?
    March 19, 2019

    Could the Twitter Primary Cost Democrats the Oval Office?In my lifetime, I???ve never seen more presidential candidates advocate breaking more American constitutional, economic, and policy norms than I???ve seen from the Democratic field so far in 2019. When you assemble their proposals, it???s breathtaking.End the Electoral College? Elizabeth Warren is for it, and Beto O???Rourke says there???s ???a lot of wisdom??? in her proposal.Pack the Supreme Court??? Warren, Beto, Kamala Harris, and Kirsten Gillibrand are open to the idea.End the legislative filibuster? Harris and Warren are thinking about it.Remake the American economy with the Green New Deal? Virtually every significant Democratic presidential candidate is an enthusiastic yes.Sweep away the private health-insurance policies of 150 million Americans? This is the emerging Democratic consensus.This is only a partial list of Democratic power moves to the left, including calls to fundamentally transform longstanding constitutional structures and institutions. What is going on? Are these all conviction moves by progressive politicians telling the American people what they really believe? Are these politicians merely reflecting and amplifying the deeply held views of the Democratic rank-and-file?Certainly the Democratic mainstream has become more liberal, and its left-most cohorts are white, female, college-educated, and young. In other words, I just described many of the key demographics of American Twitter ??? the platform that exercises a wildly disproportionate influence on politicians, journalists, and political activists. The dominant feedback loop in the early primary isn???t just from the motivated base (which would be entirely normal), but a motivated base amplified by a specific social-media platform.Yes, radical Democratic pronouncements will earn them a wave of negative media attention on Fox News and in conservative media, but not a single Democratic candidate is trying to win that demographic. Indeed, a wave of Fox News hate is good for the brand. But if a Democratic candidate breaks in even small ways from the emerging online orthodoxy, watch them trend on Twitter. Watch them get viciously dragged in real time in front of every single leading progressive politician, activist, and journalist in the United States. It takes a brave person to withstand the attack, especially when there is precious little short-term advantage in confronting the online Left.This immediate, public, toxic, and often vicious or scornful feedback amplifies existing primary-season pressures to move leftward ??? just as the same kind of immediate toxic reaction can cow conservatives who oppose Trump. These attacks aren???t just read by campaign staffers. They also provide fodder for journalists, and they can quickly create narratives that dog candidates for days or weeks.I???m not arguing that primary-season purity tests are anything new. Republicans have been through those wars, and now the GOP purity test is centered around loyalty to Trump. But these days Twitter ??? which has developed into a hysterical platform prone to mobbing and shaming ??? amplifies and intensifies preexisting primary pressures. Now, a strategy to prevent poor optics on Twitter will push Democratic candidates further and further to the left, as they express ???openness??? to ideas they???d never otherwise entertain, all to avoid the backlash.As I???ve argued before, Twitter is so influential in part because that???s where the people who care the most spend their time. The people who care the most about anything ??? from politics to sports to pop culture ??? set the tone. And in American politics, the people who care the most tend not to be moderate, either in temperament or ideology.By the time progressive Twitter has done its work on the Democratic field, the American people may no longer have the ability to choose true American norms in 2020. They may well encounter a choice between an extremist personality with a relatively center-right or populist agenda and a more normal personality who seeks to enact extremist policies. If suburban voters long for not radical change but rather a more reasonable politics, where will they turn?But Democrats ??? indeed, both parties ??? need to remember that while Twitter has disproportionate influence on activists and elites, there???s little evidence that its outrages and controversies penetrate the wider world. An incident from this past week speaks volumes. If you???d only watched Twitter, you???d think that Beto???s presidential announcement was a bust. The Bernie Brigades ??? which punch well above their weight online ??? gang-tackled Beto on social media. He wasn???t taking on Ted Cruz, he was taking on the heroes of the progressive movement, and the honeymoon was most definitely over.Twitter pronounced its verdict: His announcement was a bust. His campaign was days old, but he was already struggling. And then we learned Beto had out-raised every other Democratic candidate ??? including Bernie ??? in the first 24 hours of his campaign.That doesn???t mean Beto is a favorite. Nor does it mean that he???s immune to Twitter???s progressive temptations. Just yesterday he backed abortion-on-demand even into the third trimester. He has backed the Green New Deal. He???s even advocated tearing down parts of the existing border wall. But it does mean that sensible politicians and sensible members of their staffs would do well to remember that the praise they earn online may well spell their doom at the ballot box. Twitter politics is extremist politics, and fighting one norm-breaker by creating another is an excellent way for the Democrats to fail again.


  • 'Generation Nazarbayev' jokes, hopes after Kazakh leader resigns
    March 20, 2019

    'Generation Nazarbayev' jokes, hopes after Kazakh leader resignsPeople under 30 in Kazakhstan have only known one leader -- Nursultan Nazarbayev, who announced his resignation this week after shepherding the country from the Soviet era. "The word 'Nazarbayev' means something like the word 'parent'," said 18-year-old film student Madi Makanov, who lives in the country's largest city Almaty. Kazakhstan has a young population, with around 40 percent of people under 24, according to estimates based on UN figures.


  • California university says students tied to admissions scam could face expulsion
    March 19, 2019

    California university says students tied to admissions scam could face expulsionThe school said on Monday night it has already "placed holds on the accounts of students who may be associated with the alleged admissions scheme," preventing them from registering for classes or acquiring transcripts. It did not name specific students, but Loughlin and her fashion designer husband Mossimo Giannulli are among 50 people charged last week with participating in what federal prosecutors called a $25 million bribery and fraud scam. Prosecutors said some students involved in the scandal were not aware their parents had made the alleged arrangements, although in other cases they knowingly took part.


  • What Happens Next in Brexit? Two Cliff-Edges and a Summit
    March 19, 2019

    What Happens Next in Brexit? Two Cliff-Edges and a Summit(Bloomberg) -- Follow @Brexit,??sign up to our Brexit Bulletin, and tell us your Brexit story.??


  • Pilot who hitched a ride in cockpit saved doomed Lion Air Boeing 737 Max day before it crashed
    March 20, 2019

    Pilot who hitched a ride in cockpit saved doomed Lion Air Boeing 737 Max day before it crashedAs the Lion Air crew fought to control their diving Boeing??737 Max 8, they got help from an unexpected source: an off-duty pilot who happened to be riding in the cockpit. That extra pilot, who was seated in the cockpit jumpseat, correctly diagnosed the problem and told the crew how to disable a malfunctioning flight-control system and save the plane, two people familiar with Indonesia???s investigation told Bloomberg. The next day, under command of a different crew facing what investigators said was an identical malfunction, the jetliner crashed into the Java Sea killing all 189 aboard. The previously undisclosed detail on the earlier Lion Air flight represents a new clue in the mystery of how some 737 Max pilots faced with the malfunction have been able to avert disaster while the others lost control of their planes and crashed. The presence of a third pilot in the cockpit wasn???t contained in Indonesia???s National Transportation Safety Committee???s November 28 report on the crash and hasn???t previously been reported. Airlines with Boeing 737 Max 8s in their fleet The so-called dead-head pilot on the earlier flight from Bali to Jakarta told the crew to cut power to the motor driving the nose down, according to the people familiar, part of a checklist that all pilots are required to memorise. ???All the data and information that we have on the flight and the aircraft have been submitted to the Indonesian NTSC. We can???t provide additional comment at this stage due the ongoing investigation on the accident,??? Lion Air spokesman Danang Prihantoro said. The Indonesia safety committee report said the plane had had multiple failures on previous flights and hadn???t been properly repaired. Representatives for Boeing and the Indonesian safety committee declined to comment on the earlier flight. The safety system, designed to keep planes from climbing too steeply and stalling, has come under scrutiny by investigators of the crash as well as a subsequent one less than five months later in Ethiopia. A malfunctioning sensor is believed to have tricked the Lion Air plane???s computers into thinking it needed to automatically bring the nose down to avoid a stall. Jakarta plane crash: Flight Lion Air JT610 Boeing???s 737 Max was grounded on March 13 by US??regulatorsafter similarities to the Oct. 29 Lion Air crash emerged in the investigation of the March 10 crash of Ethiopian Airlines Flight 302. In the wake of the two accidents, questions have emerged about how Boeing???s design of the new 737 model were approved. The Transportation Department???s inspector general is conducting a review of how the plane was certified to fly and a grand jury under the US??Justice Department is also seeking records in a possible criminal probe of the plane???s certification. The FAA last week said it planned to mandate changes in the system to make it less likely to activate when there is no emergency. The agency and Boeing said they are also going to require additional training and references to it in flight manuals. ???We will fully cooperate in the review in the Department of Transportation???s audit,??? Boeing spokesman Charles Bickers said. The company has declined to comment on the criminal probe. After the Lion Air crash, two US??pilots??? unions said the potential risks of the system, known as the Maneuvering Characteristics Augmentation System, or MCAS, hadn???t been sufficiently spelled out in their manuals or training. None of the documentation for the Max aircraft included an explanation, the union leaders said. ???We don???t like that we weren???t notified,?????? Jon Weaks, president of the Southwest Airlines Pilots Association, said in November. ???It makes us question, ???Is that everything, guys???? I would hope there are no more surprises out there.?????? The Allied Pilots Association union at American Airlines Group Inc. also said details about the system weren???t included in the documentation about the plane. Following the Lion Air crash, the FAA required Boeing to notify airlines about the system and Boeing sent a bulletin to all customers flying the Max reminding them how to disable it in an emergency. Authorities have released few details about Ethiopian Airlines Flight 302 other than it flew a ???very similar??? track as the Lion Air planes and then dove sharply into the ground. There have been no reports of maintenance issues with the Ethiopian Airlines plane before its crash. If the same issue is also found to have helped bring down Ethiopian Airlines Flight 302, one of the most vexing questions crash investigators and aviation safety consultants are asking is why the pilots on that flight didn???t perform the checklist that disables the system. ???After this horrific Lion Air accident, you???d think that everyone flying this airplane would know that???s how you turn this off,??? said Steve Wallace, the former director of the US??Federal Aviation Administration???s accident investigation branch. The combination of factors required to bring down a plane in these circumstances suggests other issues may also have occurred in the Ethiopia crash, said Jeffrey Guzzetti, who also directed accident investigations at FAA and is now a consultant. ???It???s simply implausible that this MCAS deficiency by itself can down a modern jetliner with a trained crew,??? Guzzetti said. MCAS is driven by a single sensor near the nose that measures the so-called angle of attack, or whether air is flowing parallel to the length of the fuselage or at an angle. On the Lion Air flights, the angle-of-attack sensor had failed and was sending erroneous readings indicating the plane???s nose was pointed dangerously upward. Sign up??for your essential, twice-daily briefing from??The Telegraph??with our free Front Page newsletter.


  • Former white supremacist explains what leads people to the extreme right
    March 18, 2019

    Former white supremacist explains what leads people to the extreme rightA former neo-Nazi skinhead has attempted to pinpoint exactly how white supremacists are radicalised to commit violent attacks against minorities similar to the mosque shootings in Christchurch, New Zealand that killed at least 51 people last week. The co-founder of Life After Hate, a nonprofit organisation aimed at helping people leave white supremacist groups, was asked on CNN if stationing armed guards at houses of worships could effectively prevent white supremacists from committing a heinous attack like Christchurch. While Mr Picciolini agreed ???vulnerable places need to be protected,??? he said more priority should be placed on the forums and sources where men and women are often radicalised by white supremacist ideology.


  • Google slapped with massive $1.7 billion antitrust fine ??? its third in three years
    March 20, 2019

    Google slapped with massive $1.7 billion antitrust fine ??? its third in three yearsReports a few days ago said that Google would receive a new massive fine in Europe, and the EU on Wednesday delivered its latest ruling against the tech giant. This time around we're looking at a ???1.5 billion ($1.7 billion) antitrust fine as a result of illegal practices in Google's AdSense business.The EU says that Google abused its dominant position again, this time concerning its AdSense business. The company did it for more than a decade, the European Commission explained, preventing AdSense customers from inking advertising deals with rivals. Commissioner Margrethe Vestager had this to say alongside the judgement:> Today the Commission has fined Google ???1.49 billion for illegal misuse of its dominant position in the market for the brokering of online search adverts. Google has cemented its dominance in online search adverts and shielded itself from competitive pressure by imposing anti-competitive contractual restrictions on third-party websites. This is illegal under EU antitrust rules. The misconduct lasted over 10 years and denied other companies the possibility to compete on the merits and to innovate - and consumers the benefits of competition.Google was slapped with a ???4.3 billion ($4.88 billion) antitrust fine last year related to Android, and a ???2.4 billion ($2.73 billion) fine the year before for its search business. In total, Google is looking at fines totalling ???8.2 billion ($9.31 billion) from the EU in just the last three years. The company has appealed the previous two rulings, and it's likely to do it again with this new fine.What's interesting is that Google earlier this week announced a massive change for Android in Europe that's meant to appease an earlier ruling by the Commission. Users will soon see prompts that will allow them to select the default Internet browser and search engine on their Android devices. That doesn't mean the previous fine relating to Google's Android platform will go away, of course.The EU's full ruling on the AdSense antitrust case is available at this link.


  • Every New Compact Crossover and SUV Ranked from Worst to Best
    March 18, 2019

    Every New Compact Crossover and SUV Ranked from Worst to Best


  • Georgetown University students say Ocasio-Cortez is the face of the Democratic Party
    March 20, 2019

    Georgetown University students say Ocasio-Cortez is the face of the Democratic PartyAre Democrats having an identity crisis? CampusReform.org contributor Emma Meshell weighs in.


  • The Latest: Warren supports elimination of electoral college
    March 18, 2019

    The Latest: Warren supports elimination of electoral collegeJACKSON, Miss. (AP) ??? The Latest on Democratic presidential candidate Elizabeth Warren (all times local):


  • Stop Politicizing the Christchurch Killings
    March 18, 2019

    Stop Politicizing the Christchurch KillingsAs the families of the 50 Muslims gunned down at two New Zealand Mosques on Friday mourned, Senator Fraser Anning of Queensland put out a widely condemned statement that effectively blamed the victims:> I don???t think I have ever seen a statement like this from an elected official after a terrorist attack: pic.twitter.com/83RCLcM7Mg> > -- Seema (@LATSeema) March 15, 2019Later, as Anning was being interviewed by media, a teenage boy smashed an egg on his head. Anning responded by throwing punches at the young man.All this was caught on camera, of course, much as the massacre itself had been livestreamed on Facebook. Media and social media have undoubtedly exacerbated this tragedy. National Review???s Theodore Kupfer has noted the fascistic murderer???s ???sh**posting??? (online trolling which blurs the line between jokes about violence and actual violence) and his sadistic sense of irony, suggesting that he ???wanted to deepen existing conflicts in a way that will prompt a cycle of overreach and radicalization.???If that was his wish, some people seem to be granting it.Whatever one thinks about the political ???lessons to be learned??? from this incident ??? guns, immigration, technology ??? the first response should surely be to console the grieving and to bury the dead. Instead, politicians and journalists have been scrambling to win another battle in the culture wars.Senator Anning tried to score points for his radical agenda with a heartless, knee-jerk response. In the U.K., Guardian journalist Nesrine Malik got to work on Twitter, juxtaposing commentators??? past moderate criticisms of Islam with their statements of sympathy for the Christchurch victims, arguing that they were in some way to blame for what happened. In the U.S., Chelsea Clinton was confronted by a protester who shouted that her criticisms of Representative Ilhan Omar???s anti-Semitic comments were to blame for the attacks. Everywhere, the politically active seemed to be losing their minds.It was hardly surprising, then, when a teenager soon joined in. You could not make this up: Eggboy was the top trending topic on Twitter on Saturday. His smashing an egg against Anning???s head while filming it for the purposes of social media was an expression of adolescent rage ??? inappropriate, yes??but more excusable than Anning???s response. It was all a perfect microcosm of the wider cultural response to the shooting.Readers may recall Heath Ledger???s terrifying Joker in The Dark Knight. As well as a sadistic sense of humor and bloodlust, he had a disturbingly accurate understanding of human psychology. He knew how to bring out the absolute worst in people, to create chaos and sow hatred. In doing so he would rob people not only of their lives, but of their humanity.To be clear, it would be a grave mistake to attribute either cunning or sophistication to the bigoted thug behind the New Zealand attacks. But if it took neither cunning nor sophistication to produce such a shabby response from our politicians and pundits, what does that say about them?Before it became unfashionable, people used to offer prayers in times of tragedy. Whether or not they meant the gesture literally, it signaled a somber thoughtfulness and a hope for the future that are both sorely needed now. Of course, prayer won???t bring back the dead, it is no substitute for policy, and when used as a type of virtue signaling it can be irritating. But in the immediate aftermath of violence, it can ??? if nothing else ??? serve to remind us of a civilizing force.That is especially true in this case, where the slaughtered themselves were murdered while at prayer, cut down in the middle of a sacred communal ritual by an alienated, nihilistic, savage gunman. In the immediate aftermath of such horror, the least we can do is honor their memory.


  • Turkey's Erdogan calls on New Zealand to restore death penalty over shooting
    March 19, 2019

    Turkey's Erdogan calls on New Zealand to restore death penalty over shootingPresident Tayyip Erdogan on Tuesday called on New Zealand to restore the death penalty for the gunman who killed 50 people at two Christchurch mosques, warning that Turkey would make the attacker pay for his act if New Zealand did not. Australian Brenton Tarrant, 28, a suspected white supremacist, was charged with murder on Saturday after a lone gunman opened fire at the two mosques during Muslim Friday prayers. If New Zealand doesn't make you, we know how to make you pay one way or another," Erdogan told an election rally of thousands in northern Turkey.


  • I got into 39 colleges without cheating: What applying to schools looks like in 2019
    March 19, 2019

    I got into 39 colleges without cheating: What applying to schools looks like in 2019Jordan Nixon got into 39 colleges without any celebrity parents or $500,000 bribes. But that doesn't mean it wasn't "stressful to say the least."


  • Dutch police arrest suspect after three shot dead on tram
    March 18, 2019

    Dutch police arrest suspect after three shot dead on tramDutch police on Monday arrested a Turkish-born suspect over a shooting on a tram in Utrecht that left three people dead in what officials said was a possible terror attack. Police had earlier launched a huge manhunt for Gokmen Tanis, 37, issuing a picture of the suspected gunman and warning the public not to approach him following the attack, in which five other people were wounded. Mosques and schools were closed across the Netherlands' fourth-largest city following the bloodshed, before heavily armed officers surrounded a building and arrested him.


  • CORRECTED: Germany launches 5G auction amid row with US over Huawei
    March 19, 2019

    CORRECTED:  Germany launches 5G auction amid row with US over HuaweiThe United States has warned it could scale back the sharing of sensitive information with Berlin if it does not exclude hardware made by Huawei from the infrastructure, arguing that Chinese equipment could help Beijing spy on Western companies and governments. '5G' -- 'fifth generation' -- is the latest, high-speed generation of cellular mobile communications and Berlin will require winning bidders to offer 5G service to at least 98 percent of German households and along motorways and rail lines. Germany, Europe's biggest economy whose wireless networks however rank 46th in the world for download speeds, wants to close the sizeable digital gap by making the shift to the ultra-fast 5G system.


  • Danish MP told her baby not welcome in parliament
    March 20, 2019

    Danish MP told her baby not welcome in parliamentA Danish MP said on Tuesday she was ordered to remove her infant daughter from parliament's chamber, sparking surprise in a country often hailed as a pioneer in women's rights. "You are not welcome with your baby in the parliament's chamber," speaker Pia Kjaersgaard, an outspoken former leader of the far-right Danish People's Party, allegedly told MP Mette Abildgaard. "I didn't ask for permission to bring her since I had previously seen another colleague bring a child into the chamber without any problems," Ms Abildgaard, whose Conservative party is part of the ruling centre-right coalition, wrote on Facebook. Ms Abildgaard, who is in her 30s, said she found herself in an exceptional situation with her five-month-old daughter, and had never brought her into the chamber before. But she said the infant was "in a good mood and had a pacifier in her mouth." Mette Abildgaard responded to the incident on Facebook Ms Kjaersgaard passed the message to an assistant, who then asked Ms Abildgaard to remove the baby from the room. Ms Abildgaard handed the child to an assistant and returned to the chamber to vote. "MPs should be in the chamber, not babies or children," insisted Ms Kjaersgaard when questioned by news agency Ritzau. She said clear rules would be issued on the subject. The Scandinavian country is often held up as a champion of gender equality and women's rights, and as a child and family-centred nation with generous parental leave. Ms Abildgaard noted that she was entitled to a year's maternity leave with full pay, but that she had chosen to return to work. Her Facebook post garnered more than 600 comments within the space of a few hours. New Zealand Prime Minister Jacinda Ardern holds her baby after speaking at the UN General Assembly Credit: REUTERS/Carlo Allegri "A chamber that represents mothers, fathers and babies ought to be open to mothers, fathers and babies," one person wrote. In 2016, an Icelandic lawmaker made headlines after breastfeeding her infant while speaking at the podium in parliament. And in September, New Zealand Prime Minister Jacinda Ardern became a symbol for working mothers when she brought her baby to the UN General Assembly in New York.


  • The BMW 3-series Gran Turismo Will Soon Be Gone for Good
    March 19, 2019

    The BMW 3-series Gran Turismo Will Soon Be Gone for GoodThere will be no weird hatchback derivative of the new G20-generation 3-series.


  • Three dead, one missing in devastating floods across U.S. Midwest
    March 18, 2019

    Three dead, one missing in devastating floods across U.S. MidwestAs floodwaters began to recede in much of the area inundated by the aftermath of a storm dubbed a "bomb cyclone," Nebraska officials were taking in the damage in a state where 64 of the 93 counties have declared emergencies. "This is clearly the most widespread disaster we have had in our state's history," in terms of sheer size, Governor Pete Ricketts told reporters on an afternoon briefing call. State officials said on the call that 290 people had been rescued by the Nebraska State Patrol, National Guard troops, and urban search and rescue teams.


  • Trump's likely pick for Pentagon job makes 'trains run on time.' Can he do much more?
    March 18, 2019

    Trump's likely pick for Pentagon job makes 'trains run on time.' Can he do much more?Some observers credit Shanahan???s business experience as an asset in the Pentagon.


Other News

;