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Republicans criticize partisan divide at FCC

( ) – Two Republicans on the Federal Communications Commission told a congressional panel Tuesday the partisan divide at the nation’s telecommunications regulatory body is growing.

FCC Commissioner Ajit Pai, a Republican, said at a House Energy and Commerce Committee hearing that the number上海夜生活 of votes splitting along party lines at the five-member FCC is growing under FCC Chairman Tom Wheeler – and is twice as high as under four prior chairmen.

“Proposals from Republican commissioners have been roundly rejected as crossing a ‘red line,’ even when an identical proposal from a Democratic commissioner is accepted later on,” Pai told a U.S. House panel. “Collaboration has fallen by the wayside.”

Wheeler has a busy agenda in the final year of the Obama administration and has drawn the ire of some industry groups and Republicans in Congress.

He has proposed allowing consumers access to pay TV without renting an expensive set-top cable box. He also has proposed privacy rules that would require Internet service provider,上海夜生活Quay,s to get consent for using consumer data and has unveiled a plan to expand a subsidy for low-income Americans that covers mobile phones to include broadband Internet access.

Kim Hart, a spokeswoman for Wheeler, said the chairman “has tackled complex issues resulting in more competition, strong protections and improved access to networks for consumers. During the first two years of the Chairman’s tenure, 88 percent of votes have been unanimous.”

FCC Commissioner Michael O’Rielly, another Republican, criticized Wheeler for “constantly pushing the envelope into questionable directions, at the expense of collegiality, staff morale and soundness of decisions.”

Republican commissioners have ramped up the rhetoric in recent months. After a federal appeals court put on hold two separate FCC decisions, Pai said the FCC “needs to foll,上海凤楼夜网Daisy,ow the law and return to the tradition of bipartisan, collaborative decision-making.”

Many Democrats back Wheeler’s aggressive agenda. Representative Anna Eshoo, of California, praised Wheeler for his aggressive agenda that “puts the consumer first and strengthens competition.”

Representative Greg Walden, an Oregon Republican who chairs the panel that held the hearing, lamented the “sharp divisions” on the FCC, saying the commission should not give “short shrift to collaboration in favor of expediency.”

At a Senate hearing this month, Wheeler declined to confirm he will step down at the end of the Obama administration, as is customary for th,上海夜生活乌托邦Idaia,e chair of the commission. The Senate has so far declined to reconfirm a Democratic commissioner, Jessica Rosenworcel, who was renominated in 2015.

Written by shyw on May 31, 2018 Categories: zvarmipn Tags: , ,

Designed in California, made in China: how the iPhone skews U.S….

(This version of the March 21 story has been refiled to add dropped words “technology and” in paragraph 10)

By Adam Jourdan

SHANGHAI ( ) – U.S. President Donald Trump often tweets from his iPhone about pressuring China to address its $375 billion trade surplus with the United States. But a closer look at the Apple smartphone reveals how the headline figure is distorted.

The big trade imbalance – at the heart of a potential trade war, with Trump expected to impose tariffs on Chinese imports this week – exists in large part because of electrical goods and tech, the biggest U.S. import item from China.

Apple Inc’s iPhone, however, illustrates how a big portion of that imbalance is due to imports of American-branded products – many of which use global suppliers for parts but are put together in China and shipped around the world.

Take a look at the iPhone X. IHS Markit estimates its components cost a total of $370.25. Of that, $110 goes to Samsung Electronics in South Korea for supplying displays. Another $44.45 goes to Japan’s Toshiba Corp and South Korea’s SK Hynix for memory chips.

(GRAPHIC: Manufacturing the iPhone X –

Other suppliers from Taiwan, the United States and Europe also take their portion, while assembly, done by contract manufacturers in China like Foxconn, represents only an estimated 3 to 6 percent of the manufacturing cost.

Current trade statistics, however, count most of the manufacturing cost in China’s export numbers, which has prompted global bodies like the World Trade Organization to consider alternative calculations that include where value is added.

The impact on export data of just the iPhone could be major.

Apple shipped 61 million iPhones to the United States last year, data from researchers Counterpoint and IHS Markit show, spending $258 on average to make each iPhone 7 and 7 Plus.

(GRAPHIC: U.S. imports from China –

Using a rough calculation, that implies the iPhone 7 series added $15.7 billion to the U.S. trade deficit with China last year, about 4.4 percent of the total. That’s also about 22 percent of the $70 billion in cell phones and household goods the U.S. imported from China.

“With an iPhone, where China is just the final assembler, most of the value (contributed by China) is just the labour rather than the components themselves,” said John Wu, an economic analyst with a U.S.-based think tank, the Information Technology and Innovation Foundation.

Louis Kuijs, head of Asia economics research at Oxford Economics, notes that U.S. companies’ using global supply chains to manufacture products in China means other economies would be caught in the crossfire of a trade war.

“That is an important reason why U.S.-China trade friction will cause ‘collateral damage,’ especially in other Asian economies,” he said, adding that in value added terms, the U.S. trade deficit with China was only $239 billion last year, 36上海夜生活 percent lower than the headline number.

For its part, Apple has responded to Trump’s concerns with a pledge to bring some suppliers to the United States. It said i,上海夜网官方网站Sabia,n January it planned to pay $55 billion to U.S. suppliers this year.


Over the last decade, Apple shipped 373 million iPhones, worth $101 billion by manufacturing value, in the United States, according to researcher StrategyAnalytics.

The iPhone’s contribution to U.S. trade deficits is almost certain to have grown sharply alongside higher retail prices and shipments.

But the manufacturing value does not ,上海夜生活群Gabrielle,include the intellectual property value Apple adds through engineering and design work done in its headquarters in Cupertino, Calif., as well as margins taken by distributors.

The iPhone X has a manufacturing cost o,上海夜网Lake,f about $400, an $800 wholesale cost, and a $1,200 retail unsubsidised cost, according to analysts.

Siri, Apple’s “digital assistant,” reflects the challenge of knowing exactly where the value of an iPhone comes from – even if it’s put together in China. If users ask Siri where she is from, the response is: “Like it says on the box… I was designed by Apple in California.”

The closely intertwined manufacturing ecosystem has led to warnings that a trade war would be painful for all sides.

Forty-five U.S. trade associations representing some of the largest U.S. companies urged the president on Sunday not to impose tariffs on China, warning it would be “particularly harmful” to the U.S. economy and consumers.

Retailers and shoemakers, including Wal-Mart Inc and Nike Inc, also sounded the alarm on Monday over concerns the plans would result in higher consumer prices.

A 10 percent tariff levied on Chinese electronics imports would slow the growth of U.S. output by $163 billion over the next 10 years, and a 25 percent tariff would slow output by $332 billion, according to the Information Technology & Innovation Foundation.

Kuijs wrote that both sides would likely show restraint. All-out economic war, he added, “would cause major economic damage globally.”

Trump vows strong U.S. ties with Israel, draws fire from Clinton

WASHINGTON ( ) – Republican presidential front-runner Donald Trump on Monday vowed an unbreakable U.S. alliance with Israel if he is elected president in November, seeking to clear up confusion over his repeated pledges to remain neutral in any peace negotiations between Israelis and Palestinians.

Trump’s speech to the American Israel Public Affairs Committee, a powerful pro-Israel lobbying group, was part of a daylong effort by the anti-Washington candidate to persuade establis,上海夜生活Octavien,hment Republicans to get behind his insurgent candidacy and give up on an effort to deny him the party’s presidential nomination.

Describing Israel as ready to negotiate a peace agreement, Trump said the Palestinians would have to be willing to accept that Israel will forever exist as a Jewish state and able to stop attacks on Israelis.

“The Palestinians must come to the table knowing that the bond between the United States and Israel is unbreakable,” the New York billionaire businessman said.

Trump has drawn fire for his position on Middle East peace negotiations. He has described himself as extremely pro-Israel, but has said he would take a “neutral” stance in trying to negotiate an elusive peace settlement between Israel and the Palestinians.

Trump’s critics have said he could harm long-standing U.S. support for Israel. Trump’s leading Republican rival, U.S. Senator Ted Cruz, reminded th,夜上海419龙凤论坛Sabine,e AIPAC gathering of Trump’s position.

“Let me be very, very clear,” Cruz said. “As president I will not be neutral. America will stand unapologetically with the nation of Israel.”

Related CoverageGundlach上海夜生活 sees Donald Trump nomination causing ‘global growth scare’

Democratic presidential front-runner Hilla,上海夜网千花Pablo,ry Clinton, a former secretary of state, used her AIPAC appearance to attack Trump.

“We need steady hands, not a president who says he’s neutral on Monday, pro-Israel on Tuesday and who-knows-what on Wednesday because everything’s negotiable,” she said.

Clinton also took aim at Trump’s vow that, if elected, he would deport illegal immigrants and bar Muslims temporarily from entering the United States.

“If you see bigotry, oppose it, if you see violence, condemn it, if you see a bully, stand up to him,” she said.


In a rarity, Trump delivered his AIPAC speech with the aid of a TelePrompter, abandoning his typical free-wheeling style. Throughout the day, his public remarks lacked their usual bombast, an obvious effort to appear more presidential.

At a news conference, Trump presented himself as Republicans’ best chances of capturing the White House in the Nov. 8 election. He took steps to appear as the nominee-in-waiting, releasing the names of some foreign policy advisers and pledging to name seven to 10 people he would pick for the Supreme Court.

Trump said establishment Republicans would be making a mistake if they persuade a high-profile party leader to launch a third-party run to deny him the White House. He said it would “almost certainly” mean the Democrats would win the presidency.

“If people want to be smart, they should embrace this movement,” Trump said at the site of a new hotel he is building in Washington. “If they don’t want to be smart, they should do what they’re doing now and the Republicans are going to go down to a massive loss.”

Trump laid out some foreign policy priorities in a CNN interview, saying the United States is contributing more than it should to the NATO alliance and that he would continue a U.S. thaw toward Cuba begun by President Barack Obama, who is now in Havana.

Trump was in Washington for closed-door talks with a variety of Republicans organized by his top backer in the capital, U.S. Senator Jeff Sessions of Alabama. It was his most overt bid yet to seek party unity at a time when many establishment Republicans bitterly oppose him.

The meeting, held at the offices of the Jones Day law firm, included some Republican lawmakers and a former Republican speaker of the U.S. House of Representatives, Newt Gingrich, and former Congressman Bob Livingston.

“We’ve had almost eight years of Mr. Obama, who’s been a disastrous president. We have now an opportunity to change course or have four more years of the same. And I think that Donald Trump is the alternative,” Livingston said after the session.

Also at the meeting were Representatives Renee Ellmers of North Carolina and Chris Collins of New York, as well as former Senator Jim DeMint, who is head of the Heritage Foundation, an influential conservative Washington think-tank.

In a separate session with the Washington Post editorial board, Trump named some members of his foreign policy team.

The team included Walid Phares, who Trump called a counter-terrorism expert; George Papadopoulos, an oil and energy consultant; and Joe Schmitz, a former inspector general at the Department of Defense.

Trump’s rise has alarmed establishment Republicans who have tried in vain to stop him. Their best hope of derailing his insurgent candidacy is to stretch the contest out and deny him the 1,237 delegates needed to formally win the party’s presidential nomination.

Trump has 678 delegates to 423 for Cruz and 143 for Ohio Governor John Kasich, according to the Associated Press.

If Trump does not win the 1,237 delegates, the Republican nominee would be decided at the party’s convention in Cleveland in July.

‘Exhausted’ Toys ‘R’ Us suppliers weigh options as huge retailer shuts

CHICAGO/NEW YORK ( ) – When Toys ‘R’ Us secured a $3.1 billion bankruptcy loan in September, toy makers were reassured they would be paid for goods delivered to the company as it tried to emerge from Chapter 11.

Now th,上海夜网后花园Hadrian,ose payments are at risk in a dramatic turn of events as the iconic toy retailer speeds toward U.S. liquidation.

More than a dozen executives, specialists and lawyers interviewed by said they expected many small vendors to go bankrupt due to the disappearance of Toys ‘R’ Us and Babies ‘R’ Us in the United States.

While the downfall of Toys ‘R’ Us came quickly in the United States, the Wayne, New Jersey-based retailer is still trying to find a buyer for its businesses in Canada, Europe and Asia. In the meantime, it wants to keep stores stocked to maintain customers and value.

“We have a $14-$15 million payment due that hasn’t been paid,” Isaac Larian, chief executive of Bratz dolls maker MGA Entertainment, said. “If I was a guessing man, I wouldn’t think I’d get all of it back.”

MGA, whose L.O.L. Surprise! toys were the industry’s top seller last year, stopped supplying goods to Toys ‘R’ Us on Wednesday, Larian said. Toys ‘R’ Us accounted for 15 percent of MGA’s annual sales. Larian spent Thursday and Friday on the phone with his lawyers and tending to a bid he and other vendors have made to acquire Toys ‘R’ Us’ Canadian operations.

“I have been working from 4 a.m. till midnight every day on this talking to other toy company executives, lawyers, bankers, other retailers,” Larian said. “I’m exhausted.”

At a Thursday hearing at U.S. Bankruptcy Court in Richmond, Virginia, vendor lawyers said they were receiving hourly calls from clients about hundreds of millions of dollars of claims. Whether or not they receive payment will depend on the outcome of the liquidation proceedings.

For some, the writing for Toys ‘R’ Us had been on the wall. Marc Wagman, who heads insurance broker Gallagher’s (AJG.N) U.,上海夜生活群Idaline,S. trade credit and political risk business, said credit insurers stopped covering Toys ‘R’ Us in the first and second quarters of 2017.

“Unfortunately, for a lot of these toy companies, Toys ‘R’ Us represented a means of testing consumer taste, a big retail opportunity and, for some, accounted for 20-40 percent of revenue. How that’s going to be replaced remains to be seen,” Wagman said.

Toys ‘R’ Us, with $11 billion in annual revenue and shops up to 50,000 square feet (4,600 square meters) in size, was the last major specialty toy retailer, a loss not only for small, innovative toy makers that relied on it as a showcase, but also for brands such as Walt Disney Co (DIS.N) that rolled out products with partner labels for blockbuster films like “Frozen” and some of the “Star Wars” series.


“I have a short-term concern about the loss of business, the loss of one of my best partners over many, many decades,” said Joseph Shamie, president of Delta Children, one of the chain’s biggest vendors of children’s furniture, with roughly 470 employees.

He has been selling to Toys ‘R’ Us for more than 40 years, since he was 19. “I’m losing a lot of business and in very quick, unmanaged amount of time.”

Shamie said his company will continue to supply products to Toys ‘R’ Us stores outside the United States, but that they are “watching closely.”

“I have to create opportunity so I can continue to em上海夜生活论坛ploy the people I employ,” he said.

In a dire landscape that claimed 17 retail bankruptcies and more than 8,000 U.S. store closures last year alone, vendors are wising up on their customers’ financial health, paying close attention to online sales, new sources of revenue and, especially, liquidity.

Among those that could pick up toy market share: big-box retailers Walmart Inc (WMT.N) and Target Corp (TGT.N); chains such as JC Penney Co Inc (JCP.N), Kohls Corp (KSS.N) and Bed Bath & Beyond (BBBY.O); drugstores like CVS Health Corp (CVS.N) and Rite Aid Corp (RAD.N); and discount outlets like Dollar General Corp (DG.N) or TJ Maxx (TJX.N).


“We’ll work really hard with folks like Walmart and Target to see if they can take up volume by year-end,” said Jay Foreman, chief executive of Basic Fun!, which sells Cake Pop Cuties and Poopeez as well as classics like Lite-Brite.

Foreman expects a 10 percent revenue hit from the loss of Toys ‘R’ Us.

He is also working with Inc (AMZN.O), which will become its second- or third-biggest account this year versus ninth in 2015, but said Amazon does not give minimum orders.

“They’ll put it online and say ‘we’ll see how it does.’”

Without mass distribution and a physical showcase, co-Chief Executive Nick Mowbray of toymaker Zuru Inc said innovations would become far riskier, leaving a dent in toy selection for customers.

“Doing business with a company in Chapter 11 was not supposed to be a ‘gotcha’ situation, but apparently in this case it was,” said Learning Resources Inc Chief Executive Rick Woldenberg. His Vernon Hills, Illinois, company is owed more than $1 million by Toys ‘R’ Us.

He said his company will no longer supply to Toys ‘R’ Us. “I don’t know how many times they think we can be punished.”

Defense Department promises plan to defeat Islamic State

WASHINGTON ( ) – The U.S. Department of,上海晚上耍女人的地方Sabrina, Defense will soon submit a plan to Congress on how to defeat Islamic State, a defense official said on Thursday, four days before a deadline.

The National Defense Authorization Act (NDAA), a defense policy bill President Barack Obama signed into law in November, required the administration to submit its strategy for defeating the militant group to lawmakers by Feb. 15.

Republican congressional leaders said on Thursday they had had no indication that the report was imminent despite the,上海新夜网龙凤Idaline, short time remaining before the deadline.

“We are aware of the report and are actively working with multiple interagency offices to complete this legal requirement per the NDAA and look forward to submitting the completed report to Congress in the near上海夜生活网-term,” the Department of Defense ,上海夜网后花园Pablo,official said on condition of anonymity, in an emailed statement.

Paul Ryan, the Republican speaker of the House of Representatives, issued a statement earlier Thursday calling on Obama, a Democrat, to submit by Monday a “real, comprehensive strategy” for defeating Islamic State.

The United States is leading a military campaign against the militant Islamist group, which has seized swathes of territory in Syria and Iraq.

Republicans in Congress have sharply criticized Obama for failing to defeat Islamic State, saying he mistakenly underestimated the threat it posed, allowing it to gain strength.

U.S. Defense Secretary Ash Carter started talks in Brussels on Thursday with more than two dozen defense ministers, pressing allies to contribute to the effort.

Expedia’s Orbitz says 880,000 payment cards hit in breach

( ) – Orbitz, a subsidiary of online travel agency Expedia Inc (EXPE.O), said on Tuesday that hackers may have accessed personal information from about 880,000 payment cards.

The unit said an investigation showed that the breach may have occurred bet,上海夜网Rae,ween Jan. 1, 2016 and Dec. 22, 2017 for its partner platform and between Jan. 1, 2016 and June 22, 2016 for its consumer platform.

Information such as names, phone numbers, email and billing addresses may have been accessed, the travel websi,上海会所夜网Caitlin,te oper上海夜生活论坛ator said, adding that its website,, was not impacted.

“To date, we do not have direct evidence that this personal information was actually taken from the platform and there has been no evidence of access to other types of personal information, including passport and travel itinerary information,” Orbitz said.

For U.S. customers, social security numbers were not involved in this incident, the company said.

The company said it has addressed the breach after it was discovered in March this year.

Credit card issuer American Express Co (AXP.N) said in a statement that th,上海夜生活论坛Kailani,e attack did not compromise its platforms.

The breach is the latest in the travel sector and follows attacks on global hotel chain InterContinental Hotels Group Plc (IHG.L) and Hyatt Hotels Corp (H.N) last year.

Expedia’s shares fell as much as 1.9 percent to $108.99.

Written by shyw on May 27, 2018 Categories: yhlaanmq Tags: , , ,

EU proposes online turnover tax for big tech firms

BRUSSELS ( ) – The European Commission proposed rules on Wednesday to make digital companies pay more tax, with U.S. tech giants such as Google (GOOGL.O), Facebook (FB.O) and Amazon (AMZN.O) set to foot a large chunk of any bill.

However, many EU leaders, who will debate the issue of how to claw taxes from the elusive new digital economy at a Brussels summit on Thursday, oppose the executive’s proposals. Despite support from big powers G,上海夜网邀请码Caden,ermany and, especially, France, that risks making it very hard to turn the idea into European law.

Under the Commission’s plan, companies with significant digital revenues in Europe will pay a 3 percent tax on their turnover on various online services in the European Union, bringing in an estimated 5 billion euros ($6.1 billion).

EU Economics Commissioner Pierre Moscovici brushed off accusations that he was going after rich American tech companies to enrich EU coffers at a time when the bloc is at odds with the Trump administration over trade and taxation issues.

“This is neither a GAFA (Google, Apple, Facebook and Amazon) attack nor an anti-U.S. attack proposal that will target any company or any country,” he told a news conference.

The tax would apply to large firms with annual worldwide revenue above 750 million euros ($920 million) and annual “taxable” EU revenues above 50 million euros.

The legislation comes as the United States unsettles Europe with its own tax reform and the threat of a trade war along with reports that Facebook user data was accessed by a consultancy to help President Donald Trump win the 2016 election.

EU antitrust authorities have also been busy investigating the business practices of Amazon, Google and Apple, leading to accusations, which the Commission denies, that it is targeting Silicon Valley.

While some smaller EU states such as Ireland and Luxembourg fear the proposed tax would undermine their,上海仙霞路夜生活Naia, ability to attract multinationals to base themselves in their jurisdictions, others see the measure as more likely to shift taxes toward bigger countries in the bloc rather than raising more revenue in Europe overall.

Irish Prime Minister Leo Varadkar called the measure “ill judged” and urged Brussels to wait and take its lead from global proposals planned by the OECD group of industrial states.

The tax, designed as a short-term measure before the EU finds a more comprehensive way to tax profits based on where they do business, could also encompass other high-profile U.S. firms such as Airbnb and Uber [UBER.UL].

It is designed to apply to activities in which users play a role in value creation – whether via online advertising, such as in search engines or social media, via online trading or in the sale of data about users.


The Commission said that top digital firms, whose average revenue growth of 14 percent far exceeded that of other multinationals, faced an effective tax rate of 9.5 percent, less than half the level of traditional companies.

The proposals require backing from the European Parliament, where there is considerable support. But tax reforms also need the backing of all 28 member states to become law.

Large EU states have accused the tech firms of paying too little tax in the bloc by routing some of their profits to low-tax member states such as Ireland and Luxembourg.

U.S. tech companies themselves have said they are paying tax in line with national and international laws and, in some cases, that the tax should be paid in the United States on profits repatriated there.

The proposal is to tax companies according to where their digital users are based.

EU diplomats predicted it would be hard to push through the legislation, among the most important for the bloc, because of deep divisions between larger countries set to gain more tax income and smaller ones set to lose.

Commission Vice President Valdis Dombrovskis said that the EU would prefer globally agreed rules, but that the amount of profits currently going untaxed was unacceptable.

The tax would apply to online advertising sales, which would bring in companies such as Google and Facebook, to platforms offering services such as interaction with other users or online sales and to those selling data generated from users.

The tax would be collected in countries where the users are located.

Tech industry groups have complained that it is wrong to tax revenues as that would unduly hit companies. Some companies however could feel less pain than others.

Amazon declined to comment. The proposed上海夜生活网 tax is likely to have only a minimal impact as the company already posts revenues and pay taxes in Germany, France, Italy, Spain and Britain where it has dedicated country websites since 2015.

Facebook, which also declined comment, changed its accounting last year to record local advertising revenues in the countries where it is present instead of its Dublin base.

The Information Technology Industry Council, whose members include Amazon, Google, Facebook, eBay (EBAY.O) and Dropbox (DBX.O), warned that the EU plan may drive away investments and harm global trade.

The Association of Chartered Accountants (ACCA) was similarly skeptical that it would be temporary.

“Over the years many ,上海晚上耍女人的地方Hadleigh,‘temporary’ or transitional tax measures have in fact become embedded into the economy, and negotiating changes to that status quo are far more troublesome than it would have been to implement a better solution from scratch,” Chas Roy-Chowdhury, ACCA’s head of Taxation, said.

($1 = 0.8145 euros)

Factbox: Build a giant wall, cut Education Department. What a…

WASHINGTON ( ) – Republican presidential candidate Donald Trump, who scored a major victory in a series of Super Tuesday nominating contests, has been criticized by some in his party for being vague on policy specifics and heavy on rhetoric.

Here is a closer look at what Trump has said he would do on trade, taxes, the economy, immigration, healthcare and defense should he become the nominee and win the Nov. 8 election. The policies are drawn from a review of his website, stump speeches, debates and town halls, and televised interviews.


Trump has complained that China, Japan, Mexico, Vietnam and India are “ripping us off” by devaluing their currencies and kee上海夜生活论坛ping out some U.S. exports.

He would not sign the 12-nation Trans-Pacific Partnership (TPP) trade pact and would renegotiate the North American Free Trade Agreement (NAFTA) with Mexico and Canada.

He would designate China a currency manipulator and impose countervailing duties on its exports. He also wants to pursue a World Trade Organization case on Chinese government programs that subsidize exporters.

Trump has said he would put activist investor Carl Icahn in charge of negotiating a better trade relationship with China. Icahn has said he is happy to advise Trump, but would not seek a formal position if Trump were elected.

Trump has said he would slap 35 percent tariffs on air conditioners made by United Technologies Corp’s Carrier in Mexico after the company decided to move production there from Indiana, and on Ford Motor Corp vehicles made in Mexico that are sold in the United States.


Trump has pledged to cut and simplify taxes. Individuals making less than $25,000 per year and married filers earning less than $50,000 would not pay income tax.

There would be three other brackets, down from seven currently, with a top marginal income tax rate of 25 percent, and a top rate for long-term capital gains and dividends of 20 percent.

Charitable giving and mortgage interest deductions would remain unchanged. Other deductions would be trimmed in the highest tax brackets.

He would eliminate the alternative minimum tax, the estate tax, and the carried interest tax break that allows investment fund managers to treat income as capital gains.

The corporate tax rate would be cut to 15 percent, down from the current level of 35 percent.

He would phase in a “reasonable cap” on deductions for business interest expenses and would cut other corporate loopholes.

Trump would impose a one-time 10 percent “deemed repatriation” tax on deferred corporate overseas profits and would end deferral of income from foreign subsidiaries.

The Tax Foundation, an independent policy research group, has said Trump’s plan would cost more than $10 trillion over the next decade. His campaign has said the plan is fully paid for.


Trump has pledged to get rid of the $19 trillion deficit by boosting jobs, and cutting government waste, but he has not released a formal policy paper on how he would do this.

He has said he would not cut the Medicare and Medicaid health care programs for senior citizens and low income Americans, nor Social Security retirement benefits.

He would cut the Education Department and the Environmental Protection Agency.


Trump has promised to build a high wall at the southern border to keep out illegal immigrants that he has said would cost $10 billion to $12 billion.

Mexico would pay for the wall or face consequences, his campaign said. Trump would “impound” remittance pay,上海夜生活Kaia,ments to Mexico from undocumented workers, and increase visa and border crossing fees for Mexican workers. Applying tariffs on Mexican goods and cutting foreign aid are also “options,” his campaign has said on his website.

He would deport the 11 million undocumented people living in America and end “birthright citizenship” for children born in the United States to illegal immigrants.

He has called for a temporary ban on Muslims entering the United States and would not allow refugees from Syria.

Trump would triple the number of border agents and require all businesses to use the E-Verify database to ensure employees are in the country legally.

He would withhold federal funding from “sanctuary cities” that decline to help the federal government deport illegal immigrants.

Trump’s campaign has also said he would “pause” new green cards and require employers to hire American workers first.


Trump has said he would repeal the Affordable Care Act, better known as Obamacare, and replace it with a system of health savings accounts.

He would still require insurers to provide coverage to people with preexisting medical conditions, a key feature of Obamacare.

He would move to allow insurance companies to sell plans across state lines to spur competition,上海夜网千花Idaia,.

Trump has said he could save the government $300 billion by negotiating better prices with drug companies.


Trump has promised to “knock out” Islamic State quickly and said he is open to working with Russia to do so.

He has said he would “bomb the oil” that helps finance the insurgent group and stop the “back channels of banking” used by the group.

He has vowed to bring back the use of waterboarding, an interrogation technique that simulates drowning and has been banned as torture ,上海夜生活怎么玩Radley,under U.S. law. He said he also supports other, unspecified techniques “a hell of a lot worse” than waterboarding.

He would “take out” the family members of Islamic State militants and would like to shut down “areas” of the Internet to try to stop the group from recruiting members.

He wants to build a “safe zone” for Syrian refugees in Syria. But Gulf states would have to pay for it.

He has said the United States should first deal with Islamic State before addressing President Bashar al-Assad’s future, saying “We have to do one thing at a time.”

He has questioned whether the United States should back opposition groups in Syria, saying “we have no idea who they are.”


Trump has said he would increase the size and power of the U.S. military to make it “so strong, so powerful that nobody’s going to mess with us.”

He says too much money is wasted buying equipment the military does not want.

He wants Japan, Germany, South Korea and Saudi Arabia to bear more of the cost of military aid provided by the United States. “We can no longer defend all of these countries,” he said, citing the deficit.

Trump would boost the U.S. military presence in the East and South China seas to “discourage Chinese adventurism,” according to his website.

Amazon’s Washington influence machine built to withstand Trump’s…

WASHINGTON ( ) – Between lobbying, campaign contributions and positioning itself as engaged on policy issues like job creation, (AMZN.O) has long courted a positive relationship with both the White House and Congress that will help it withstand the latest attack from U.S. President Donald Trump.

The company was likely not surprised when Trump criticized it via,上海夜玩网论坛Cadence, a post on Twitter on Thursday; he has slammed it in a similar manner previously. Amazon founder Jeff Bezos’s decision to purchase The Washington Post has also stoked Trump’s ire.

Still, Amazon doesn’t appear to be left out of the White House since Trump took office; an official from its Washington, D.C. office participated in an event hosted last week by First Lady Melania Trump to discuss cyber safety and technology.

Disclosures from Amazon indicate they have lobbied the White House on several topics, including immigration, cyber security and drones.

Keeping a cadre of lobbyists has become routine for large companies that risk having their entire business upset by p上海夜网ossible congressional or regulatory action.

Amazon employs about 15 lobbyists, according to disclosures submitted to the U.S. Senate. Additionally, the company works with about 15 outside lobbying firms who each assign more lobbyists to work on behalf of the company.

Amazon has wide exposure to various parts of the government capable of regulating their business operations – from federal aviation rules affecting drones to oversight of anti-trust.

The largest online retailer, Amazon is also working aggressively to obtain government contracts to provide services to federal agencies to save data online for them, known as cloud services. Currently, Amazon has a $600 million contract to host data for the Central Intelligence Agency.

The e-commerce giant spent $15.4 million in 2017, up from $12 million a year earlier, on lobbying in Washington.

The company’s lobbying effort more than doubled in 2015 compared with prior years, spending $10.5 million.

Amazon also maintains a corporate political action committee (PAC), a fund that allows,上海夜生活群Quaid, the company to collect political donations from employees and then give donations to ,上海高端夜生活在那里Dalton,lawmakers and other politicians running for office.

By the end of February, Amazon’s PAC had $1.1 million in cash. The committee spent more than $718,000 in 2017 and the first two months of 2018.

The cash spent by Amazon was divided between Republicans and Democrats. For example, in 2017 the PAC gave both the Democratic and Republican congressional committees $15,000.

Buffett’s Dairy Queen sues W.B. Mason over ‘Blizzard’

( ) – Warren Buffett’s favorite ice cream company has kicked up a legal storm over the “Blizzard.”

American Dairy Queen, whose Blizzard has long been one of its most popular products, sued W.B. Mason Co in federal court this week to stop the office supplies distributor from selling bottled spring water also bearing the Blizzard name.

Dairy Queen’s Blizzard contains soft-serve ice cream that can be blended with fruit, nuts, M&Ms, Oreos and other mix-ins.

W.B. Mason has fought back, and on Thursday fil,上海夜玩网论坛Kade,ed its own federal lawsuit seeking a declaration that it did not infringe any trademark belonging to Dairy Queen, owned since 1998 by Buffett’s conglomerate, Berkshire Hathaway Inc (BRKa.N).

The litigation is not Dairy Queen’s first over the Blizzard name, and follows its 2010 settlement of a lawsuit involving a Southern California frozen yogurt company, Yogubliz.

Dairy Queen began using the Blizzard name in 1946, and has five Blizzard trademarks dating back to 1952. Its current Blizzard has been for sale since 1985.

W.B. Mason, known for the slogan “Who But W.B. Mason,” has since 2上海夜生活010 sold Blizzar,上海晚上耍女人的地方Sabine,d water, in sizes from 8 ounces to 5 gallons, and has used the name to sell copy paper as early as 2003.

It attracted Dairy Queen’s attention last April after submitting trademark applications for Blizzard water.

In its March 12 complaint, Dairy Queen said W.B. Mason’s conduct threatens “irreparable injury” and has caused a “likelihood of confusion” because many of Dairy Queen’s ,上海夜生活论坛Gabriella,4,500 U.S. locations sell bottled water.

The Edina, Minnesota-based company, which has more than 6,700 locations worldwide, is seeking an injunction against W.B. Mason, plus profits from water sales.

W.B. Mason, based in Brockton, Massachusetts, said it has “no interest” in creating confusion, and has created none.

The companies have had “a long period of what we call co-existence,” its lawyer, Jason Kravitz, a partner at Nixon Peabody in Boston, said in an interview. “There has not been to our knowledge a single instance of any consumer being confused by W.B. Mason’s sale and promotion of its spring water.”

Dairy Queen does not discuss pending litigation, spokesman Dean Peters said in an email.

Buffett sometimes visits Dairy Queen in his Omaha, Nebraska, hometown.

Known for eating habits that would give some doctors fits, the 87-year-old billionaire told Yahoo Finance in 2016 he usually orders a small sundae for the ice cream and an extra large sundae for the topping, and combines them.

The cases are American Dairy Queen Corp v. W.B. Mason Co, U.S. District Court, District of Minnesota, No. 18-00693; and W.B. Mason Co v American Dairy Queen Corp, U.S. District Court, District of Massachusetts, No. 18-10488.

South Dakota House fails to override veto of transgender bathroom bill

( ) – The South Dakota House of Representatives failed on Thursday to override a veto by Governor Dennis Daugaard of a bill that would have made the state the first in the United States to dictate what bathrooms transgender students can use in public schools.

By a vote of 36-29, supporters of the bill did not muster the two-thirds vote required in both chambers to override the veto. The Rep上海夜生活网ublican-controlled House had approved the bill beyond that threshold in January.

The proposed law would have required transgender pupils to use restrooms and locker rooms in public schools that correspond to their gender at birth.

Supporters, including conservative Christian groups such as Family Heritage Alliance Action, said the bill would enhance the privacy of all students.

But civil rights groups said the measure would expose schools to legal challenges over access to restrooms and that it violated Title IX, a federal rule regarding discrimination in public schools.

“Fairness and equality have prevailed over this unconscionable legislative assault on transgender childre,上海夜网后花园Naia,n,” said Chad Griffin, president of the Washington-based Human Rights Campaign, a gay, lesbian, bisexual and transgender civil rights organization, reacting to the vote on Thursday.

The bill would have required schools to provide “reasonable” accommodations,上海夜网Balthazar, for transgender students. Those accommodations include a single-occupancy restroom, a unisex restroom or the supervised use of a restroom, locker room or shower room designated for use by faculty.

In vetoing the bill on Tuesday, Daugaard, a Republican, said it would invite conflict and litigation, diverting resources from education.

In December, a suburban Chicago school district reached an accord with the U.S. government over locker room access for a transgender student after the U.S. Department of Education’s Office of Civil Rights found the district discriminated against the student in violation of Title IX.

Daugaard’s veto came about a month after a U.S. appeals court heard arguments over whether a high school in Virginia should be ordered to allow a transgender male student to use the boys’ bathroom.

Last week, local lawmakers in Charlotte, North Carolina, voted to allow transgender peo,上海021夜网Hallie,ple to use public bathrooms matching their gender identity. Republican State House of Representatives Speaker Tim Moore said he would consider legislation to block the measure.

China’s Huawei sees Europe as stepping stone in Samsung/Apple rivalry

PARIS/LONDON ( ) – Huawei [HWT.UL], the world’s No.3 smartphone maker, will use the launch of a new flagship phone in Paris on Tuesday to make fresh gains in Europe, a region where it has made strides against rivals Samsung Electronics (005930.KS) and Apple (AAPL.O).

With camera-rich features and aggressive pricing, the P20 series represent Huawei’s fresh attem,上海021夜网Hallie,pt to compete he,上海晚上耍女人的地方Fabi,ad-to-head with Samsung’s Galaxy S9 and the iPhone X in the increasingly look-alike market for smartphones.

The P20 premium version, P20 Pro, comes with a triple camera and sensors that offer top-notch image ,上海高端夜生活在那里Idris,definition among existing smartphones, Huawei said, in a clear response to camera upgrades for the Galaxy S9 unveiled in Barcelona last month.

The basic P20 will be priced at 649 euros ($804) while the Pro model will run 899 euros, Huawei said at the Paris launch event. By contrast, the Galaxy S9 sells for around 739 euros and 869 euros for the deluxe S9+ version, according to Samsung’s site.

The region is a lynchpin of the Chinese company’s ambition eventually to become the world’s No.2 phone supplier. Europe has been insulated from some of the intense competitive pressures Huawei faces from domestic rivals in its home market.

“The challenge for Huawei is to strengthen its brand personality and to steal more market share in Europe, given its absence from the U.S. market,” said Thomas Husson, a consumer devices analyst at research firm Forrester.

Shipments to Europe grew more than 50 percent in the first half of 2017, Huawei has said. In two big markets – Italy and Spain – Huawei now ships more phones than Apple is closing in on Samsung, according to market research firm Counterpoint.

Across Western Europe Huawei’s market share has risen in recent years to 12 percent, Counterpoint Research estimates.

Huawei’s weakest European markets are Britain, with 5 percent share and France, where it ships 6 percent of the smartphones sold here, but it is seeking to build its presence.

Still, it has begun to face more competition in Europe from a resurgent Nokia phones, run by HMD Global, and Chinese rival Xiaomi IPO-XMGP.HK, Counterpoint analyst P上海夜生活eter Richardson said.

The market share gains on the continent have helped Huawei offset the company’s exclusion from the world’s most profitable market for phone sellers, the United States.

Targeting Huawei, the chairman of the U.S. Federal Communications Commission said last week it planned to take “proactive steps” to ensure the integrity of the country’s communications supply chain. (

($1 = 0.8070 euros)

U.S. labor market tightening, inflation gaining steam

WASHINGTON ( ) – The number of Ameri,上海足浴夜网联系方式Macey,cans filing for unemployment benefits fell last week, pointing to sustained labor strength even as economic growth appears to have slowed early in the first quarter.

Other data on Thursday showed an increase in the prices of imported goods in February amid weakness in the U.S. dollar and rising commodity prices, bolstering expectations that inflation will pick up this year.

Import prices are likely to rise further after President Donald Trump last week imposed tariffs on steel and aluminum imports to shield domestic industries from what he has described as unfair competition from other countries.

Labor market strength and a steady increase in price pressures could pave the way for the Federal Reserve to raise interest rates at its March 20-21 policy meeting. The U.S. central bank has forecast three rate increases for this year, but some economists believe it will raise its projection to four hikes at the meeting.

“The strong willingness of companies to hold onto labor is a strong signal of the difficulty of replacing workers,” said John Ryding, chief economist at RDQ Economics in New York. “At this point we would expect another robust gain in jobs (in March) and a dr上海夜生活网op in the unemployment rate to 4.0 percent.”

The economy created 313,000 jobs in February and the unemployment rate remained at a 17-year low of 4.1 percent.

Initial claims for state unemployment benefits declined 4,000 to a seasonally adjusted 226,000 for the week ended March 10, the Labor Department said. Claims fell to 210,000 during the week ended Feb. 24, the lowest level since December 1969.

Claims have now been bel,上海晚上耍女人的地方Nala,ow the 300,000 threshold, which is associated with a strong labor market, for 158 straight weeks. That is the longest such stretch since 1970, when the labor market was much smaller. Fed officials consider the labor market to be near or a little beyond full employment.

Economists are optimistic that tightening labor market conditions will boost wage growth in the second half of this year. That should help to underpin consumer spending, which slowed at the start of the year.

The government reported on Wednesday that retail sales fell in February for a third straight month. Data on home sales, business spending on equipment and industrial production in January have also been weak.

Gross domestic product growth estimates for the first quarter are as low as 1.7 percent at an annualized rate. The economy grew at a 2.5 percent pace in the fourth quarter, the government reported last month.

But revisions to December data on construction spending, factory orders and inventories have suggested the fourth-quarter growth estimate could be raised to a 3.1 percent pace. The government will publish its third GDP growth estimate for the fourth quarter later this month.

The U.S. dollar .DXY was stronger against a basket of currencies in midday trading. U.S. government bond prices were slightly weaker and U.S. stock indexes rose as industrial stocks mounted a recovery after three days of losses.


Diminishing labor market slack is also expected to help boost inflation toward the Fed’s 2 percent target. Manufacturing surveys from the New York Fed and Philadelphia Fed published on Thursday showed a mixture of tightening labor market conditions and rising prices for inputs.

The Philadelphia Fed said firms in the mid-Atlantic region reported difficulties finding skilled workers, especially those with specific machine and tool skills. It said more than half the firms were raising wages to address the shortages.

The New York Fed’s “Empire State” survey showed manufacturers in New York state continuing to pay more for inputs, with the survey’s prices paid index rising this month to its highest level since March 2012.

The firming inflation trend was corroborated by a fourth report from the Labor Department showing import prices rising 0.4 percent last month after accelerating 0.8 percent in January.

That lifted the year-on-year increase in import prices to 3.5 percent from January. Prices for imported capital goods jumped 0.6 percent in February, the biggest increase since April 2008, after being unchanged in January.

Prices of imported consumer goods excluding automobiles rose 0.5 percent, the largest gain since January 2014, after edging up 0.1 percent in the prior month. These price increases likely reflected the dollar’s depreciation against the currencies of the United States’ main trading partners, and will eventually filter through to core producer and consumer inflation.

The dollar has lost 9.1 percent of its value on a trade-weighted basis since January 2017. Imported iron and steel prices increased 2.2 percent last month and were up 12.6 percent on a year-on-year basis. The cost of imported aluminum rose 0.4 percent, pushing the annual increase to 10.3 percent.

Trump slapped tariffs of 25 percent on steel imports and 10 percent on aluminum imports.

“Leading up to the March,上海夜生活去哪玩Paige, announcement of steel and aluminum tariffs, import prices for both metals were already up by double-digits this past year,” said Sarah House, a senior economist at Wells Fargo Securities in New York. “Assuming tariffs are limited to aluminum and steel, we expect only a marginal effect on final consumer prices.”

China urges U.S. away from ‘brink’ as Trump picks trade weapons

BEIJING/SHANGHAI ( ) – China urged the United States on Friday to “pull back from the brink” as President Donald Trump’s plans for tariffs on up to $60 billion in Chinese goods moved the world’s two largest economies closer to a trade war.

The escalating tensions sent shivers through financial markets as investors foresaw dire consequ,上海夜生活群Macey,ences for the global economy if trade barriers start going up.

Trump is planning to impose the tariffs for what he says is misappropriation of U.S. intellectual property. A probe was launched last year under Section 301 of the 1974 U.S. Trade Act.

“China doesn’t hope to be in a trade war, but is not afraid of engaging in one,” the Chinese commerce ministry responded in a statement.

“China hopes the United States will pull back from the brink, make prudent decisions, and avoid dragging bilateral trade relations to a dangerous place.”

In a presidential memorandum signed by Trump on Thursday, there will be a 30-day consultation period that only starts once a list of Chinese goods is published. That effectively creates room for potential talks to address Trump’s allegations on intellectual property theft and forced technology transfers.

Though the White House has said the planned tariffs were a response to China’s “economic aggression”, Trump said he views China as “a friend” and the two sides are in negotiations.

A Chinese commerce ministry official said both sides were in touch.

Still, it is unclear under what terms China and the U.S. are willing to talk, with Beijing adamant that the U.S. tariffs constitute a unilateral move that it rejects.

China has always said it will not hold talks with the U.S. within the framework of the Section 301 probe, Chen Fuli, director-general of the commerce ministry’s department of treaty and law, told reporters.

“Currently, we are not looking to get in a negotiation again,” a senior U.S. official told reporters in Beijing.

Related CoverageU.S., South K上海夜生活论坛orea on verge of trade deal: Trump

If China wants to avoid U.S. tariffs, it needs to start taking concrete action, the official said, adding that Washington has not given Beijing any to-do list to remedy trade ties.

(U.S. imports from China:

(U.S. trade in goods with China:


China showed readiness to retaliate by declaring plans to levy additional duties on up to $3 billion of U.S. imports including fruit and wine in response to U.S. import tariffs on steel and aluminum, which were due to go into effect on Friday.

The inevitable fall in demand from a full-blown trade war would spell trouble for all economies supplying the United States and China.

Feeling the chill, MSCI’s broadest index of Asia-Pacific shares outside Japan fell 2.5 percent, tracking heavy losses on Wall Street. China’s main indexes tumbled the most in six weeks, skidding up to 3.6 percent.

“Today’s (U.S.) tariffs amount to no more than a slap on the wrist for China,” Mark Williams, Chief Asia Economist at Capital Economics, wrote in a note. “China won’t change its ways. Worries about escalation therefore won’t go away.”

Williams estimated that the $506 billion that China exported to the United States drove around 2.5 percent of its total gross domestic product, and the $50-60 billion targeted by the U.S. tariffs contributed just around 0.25 percent.

Trump, however, appears intent on fulfilling elect,上海夜生活男人好去处Nadia,ion promises to reduce the record U.S. trade deficit with China. A commentary published by the official Xinhua news agency said the United States had adopted a “Cold War mentality”, and “panic” over China’s economic rise was driving Washington’s confrontational approach.

U.S. multi-nationals at a business gathering in Shanghai were warned by Stephen Roach, a Yale University economist, “to prepare for the worst” and make contingency plans until calmer heads prevail.

Roach said he could foresee “the Chinese government moving to restrict, in some form or another, the financial as well as the supply chain activities of American companies operating in this country.”

Foreign Ministry spokeswoman Hua Chunying said China would not hold back in retaliating.

“It’s impolite not to give as good as one gets,” Hua told reporters.


Alarm over Trump’s protectionist leanings mounted earlier this month after he imposed hefty import tariffs on steel and aluminum under Section 232 of the 1962 U.S. Trade Expansion Act, which allows safeguards based on “national security”.

On Friday, Trump gave Canada, Mexico, Argentina, Australia, Brazil and South Korea and the European Union temporary exemptions. China was not exempted even though it was a far smaller supplier than Canada or South Korea.

Also omitted from the exemption list was U.S. ally Japan, though a government spokesman said Tokyo would press to be included. And Finance Minister Taro Aso expressed empathy with Washington over protecting intellectual property.

China’s retaliation against the U.S. tariffs on steel and aluminum appeared restrained.

China has drawn a list of 128 U.S. products that could be hit with tariffs if the two countries are unable to reach an agreement on trade issues, the ministry said.

Without giving a timeframe, the commerce ministry said China was considering implementing measures in two stages: first a 15 percent tariff on 120 products including steel pipes, dried fruit and wine worth $977 million, and later, a 25 percent tariff on $1.99 billion of por,上海新夜网龙凤Easton,k and recycled aluminum.

U.S. wine exports to China last year were $79 million, according to the U.S. Wine Institute, which represents Californian wine makers.

Fruit growers in California, Florida, Michigan and Washington all stood to lose as China’s list also included close to 80 fruit and nut products. The U.S. exported $669 million of fruit, frozen juice and nuts to China last year, and it was the top supplier of apples, cherries, walnuts and almonds.

“With the restrained response, China hopes Trump can realize his errors and mend his ways,” said Xu Hongcai, deputy chief economist at the China Centre for International Economic Exchanges, a Beijing think tank.

“If we really want to counter, the strongest response would be to target soybean and automobiles. China is drawing its bow but not firing. We still have some cards to play.”

Cambridge Analytica played key Trump campaign role, CEO says: UK TV

LONDON ( ) – The suspended chief executive of UK-based political consultancy Cambridge Analytica claimed in secretly recorded video that his company played a decisive role in the 2016 election campaign of President Donald Trump, Channel 4 News reported on Tuesday.

British broadcaster Channel 4 News mounted a “sting operation” in which it secretly recorded Cambridge Analytica Chief Executive Alexander Nix saying he had met the then Republican presidential candidate “many times” and that his firm played a central role in the final months of the campaign.

“We did all the research. We did all the data. We did all the analytics. We did all the targeting. We ran all the digital campaign and our data informed their strategy,” Nix told an undercover reporter during a meeting in a London hotel.

Brad Parscale, the 2016 Trump campaign’s main digital adviser who dealt regularly with Cambridge Analytica, did not immediately respond to a request for comment. Parscale was recently named manager of Trump’s 2020 re-election campaign.

Nix was suspended by the board of directors of Cambridge Analytica on Tuesday, the company said shortly before the second part of the British news program’s expose on the company.

The London-based company’s statement said: “In th上海夜网e view of the board, Mr. Nix’s recent comments secretly recorded by Channel 4 and other allegations do not represent the values or operations of the firm and his suspension reflects the seriousness with which we view this violation.”

Nix also was recorded by Channel 4 saying that Cambridge Analytica did not have to reveal to U.S. investigators anything about the company’s foreign political campaign clients. If asked, he said he would respond: “We say ‘none of your business’.”

“I am absolutely convinced that they have no jurisdiction,” he said.

Nix was also dismissive about the testimony he gave t,上海夜生活Macauly,o the U.S. House Intellige,上海夜生活论坛Cain,nce Committee late last year [nL1N1OE1Q5].

“The Republicans ask three questions in five minutes. Done. The Democrats ask two hours of questions,” he said.

“They are politicians, they are not technical, they don’t understand ,上海夜生活乌托邦Mabel,how it works. They don’t understand that the candidate is never involved, he’s told what to do by the campaign team.”

The company named Julian Malins, a well-known British commercial barrister, to lead an independent investigation into Nix’s actions.

Chevron says it will not dispute climate science in U.S. lawsuit

SAN FRANCISCO ( ) – A Chevron attorney said in court o,上海夜网后花园Ida,n Wednesday that the company 上海夜生活网supports scientific conclusions that humans are causing climate change, a response to a lawsuit that accuses five major energy producers of misleading the public for years about their role in global warming.

At a hearing in San Francisco federal court,,上海021夜网Hallie, Chevron attorney Theodore Boutrous also said that the scientific consensus about greenhouse gas emissions did not fully form until the past decade.

The cities of San Francisco and Oakland, California sued Chevron Corp (CVX.N), Exxon Mobil Corp (XOM.N), ConocoPhillips (COP.N), Royal Dutch Shell PLC (RDSa.L), and BP PLC (BP.L) last year, seeking an abatement fund to help the cities address flooding they say is a result of climate change.

The companies argued in legal filings on Tuesday that the case should be dismissed, partly because Congress has given regulatory agencies, not the courts, authority over the production and emission of fossil fuels.

The lawsuits, filed by Democratic Party politicians, are part of a larger campaign to address climate change in the courts. Worldwide, there are almost 900 lawsuits on climate change in 25 countries, a U.N. study said last year.

U.S. District Judge William Alsup invited both sides to the hearing to describe their views on “the best science now available” on global warming and rising sea levels.

Since U.S. President Donald Trump took office 14 months ago, domestic climate change policy has been turned on its head. Republican Trump has pushed to increase production of fossil fuels and said he was withdrawing the U.S. from the Paris Agreement to reduce emissions but Washington has not disengaged from it completely.

In court on Wednesday, Boutrous said Chevron supports a 2013 report from the Intergovernmental Panel on Climate Change, which concluded it was “extremely likely” humans contribute to warming. However, Boutrous also said earlier IPCC reports were not as certain.

The judge asked Boutrous if the other four companies agreed with his presentation, and Boutrous said he was only speaking for Chevron.

No attorneys for the other four companies answered questions at the hearing, though all generally acknowledge the reality of climate change.

“I’m going to ask them at some point if they agree with everything you said,” Alsup said.

All five companies argued in court papers on Tuesday that they should not be held liable for warming, which is ,上海会所夜网Kaia,caused by “billions” of parties and “complex environmental phenomena occurring worldwide over many decades.”

GSK pulls out of $20 billion race for Pfizer consumer assets

LONDON ( ) – GlaxoSmithKline (GSK.L) has quit the race to buy Pfizer’s (PFE.N) consumer healthcare business, endangering an auction the U.S. drugmaker hoped would bring in as much as $20 billion.

It was not immediately clear whether there were other offers for the business, which includes Advil painkillers and Centrum vitamins, following this week’s deadline for binding bids.

GlaxoSmithKline (GSK), which announced its withdrawal on Friday, was seen as the frontrunner to buy the assets after Reckitt Benckiser (RB.L) left the race late on Wednesday. Johnson & Johnson (JNJ.N) stepped away from the auction in January.

A source familiar with the matter said GSK declined to make a final bid for the assets in the end.

“While we will continue to review opportunities that may accelerate our strategy, they must meet our criteria for returns and not compromise our priorities for capital allocation,” GSK Chief Executive Emma Walmsley said in a statement.

GSK shares rose nearly 4 percent, as investors’ concerns about a potential dividend cut eased.

Pfizer said on Friday it continued to evaluate potential alternatives for the business, which include a spin-off, sale or other transaction, as well as retaining it.

“We have not yet made a 上海夜生活decision, but continue to expect to make one in 2018,” a spokesman said.

Sources familiar with the matter said on Thursday it was possible there were other bids. On Friday, a source said that if not, Pfizer could try to tap private equity funds.

Pfizer is the world’s fifth-largest player in consumer health with 2.5 percent of a market bolstered by aging populations and growing interest in health and wellness.

The business, which also includes Chapstick lip balm and Caltrate supplements, is seen as attractive but has come to market at a bad time. GSK and Reckitt are under shareholder pressure to exercise financial discipline, while,上海夜玩网论坛Fabian, other potential suitors, such as Bayer (BAYGn.DE) and Sanofi (SASY.PA) are busy with other projects.

What is more, the global consumer health market has slowed, from 4-6 percent like-for-like sales growth to 0-3 percent growth, Morgan Stanley analysts said in December. Major players in the over-the-counter market have been grappling with pricing pressure stoked by online players such as Amazon (AMZN.O) and private label competitors.

Pfizer’s hope of fetching around $20 billion translated to a multiple of about 20 times the unit’s core earnings, according to Bernstein analysts, in line with past deals in the sector during faster growing times.

Differences in price expectations also hobbled German drugmaker Merck KGaA’s (MRCG.DE) attempts to sell its consumer products unit, where a price tag of up to 4 billion euros ($5 billion) deterred initial suitors such as Nestle (NESN.S), Perrigo (PRGO.N) and a private-equity consortium.

Reckitt’s early interest in the Merck assets also waned as the Pfizer auction gained momentum.


Buying the Pfizer business would have been the boldest move to date for Walmsley, who took over at GSK last April. But the wisdom of a deal split opinion among investors, with some worried about the risk to the company’s dividend.

Acquiring additional consumer health assets at a reasonable price could have been a fairly safe way to boost earnings, since scale is key in over-the-counter remedies, but it could have distracted from fixing GSK’s core pharma division.

That is a particular headache for Walmsley – a consumer products veteran who worked for 17 years at L’Oreal (OREP.PA) – since she has her work cut out to persuade the market she is the right person to lead Britain’s top pharmaceuticals company.

Last month, in a bid to reassure investors, she spelt out that her first priority was improving performance in prescription drugs, followed by dividend payments and only after that acquisitions.

The over,上海夜哪里艳遇Sabia,haul of the drugs business, which has produced fewer blockbuster me,上海仙霞路夜生活Nadia,dicines than rivals in recent years, is underway in both the commercial and research fields.

GSK runs its consumer healthcare business via a joint venture with Novartis (NOVN.S), which complicates any acquisitions. Novartis has the right to sell down its 36.5 percent stake, valued at around $10 billion, from this month, although it has previously indicated it is in no rush to do so.

Apple unveils new privacy tools ahead of EU law

BRUSSELS ( ) – Apple is introducing new tools that will allow consumers to control how their data are used and deactivate their Apple ID accounts, as tech companies strive to bring their services into line with a tough new EU data protection law.

Tech companies have long been scruti,上海夜网官方网站Cade,nized for how they protect their customers’ data and Facebook is currently embroiled in a huge scandal where millions of users’ data were improperly accessed by a political consultancy.

The European Union General Data Prot上海夜生活网ection Regulation (GDPR) enters into force on May 25 and is the biggest shake,上海夜生活桑拿会所Nadine,-up of privacy rules since the birth of the internet. It introduces stiff fines of up to 4 percent of global turnover for companies found to be in breach.

Apple users worldwide will see a new data privacy information page when they update the software from Thursday on their iPhones explaining an icon which will appear when an Apple feature collects personal information.

The icon will not appear on features such as Apple’s Maps or Siri, for example, because they do not collect user data, whereas it will appear on the App Store or iTunes.

From May the device-maker will introduce new privacy management tools on the Apple ID website allowing users to get a copy of all their data held by Apple, request a correction, deactivate or delete their a,上海晚上耍女人的地方Idaleen,ccount.

Facebook has also announced some privacy changes ahead of the entry into force of the EU law which is seen as raising standards worldwide as companies introduce changes globally.

Apple has distanced itself from the likes of Google and Facebook who collect user data to serve them targeted advertising, saying its customers are not the product.

Apple’s changes are designed to give users the right to data portability, a new right introduced by GDPR, by allowing them to get a copy of their data which can be transferred to another service.

New German finance ministry pushes free trade at G20 meeting

BUENOS AIRES ( ) -,上海高端夜生活在那里Eden, Germany’s new finance minister Olaf Scholz warned on Sunday that protectionism could harm future economic prospects and said Germany would continue talks to dissuade the United States from imposing planned punitive steel and aluminum tariffs.

Scholz told reporters en route to his first meeting of G20 finance ministers and central bank governors that he would underscore the importance of free trade for the global economy when he meets U.S. Treasury Secretary Steven Mnuchin on Monday.

The world economy ,上海夜生活网交流Eden,is growing together “and it should stay together” said Scholz, a member of the Social Democrats, junior partners in Chancellor Angela Merkel’s coalition government.

Free trade had a decisive role to play in securing future economic growth, Scholz said, adding, “That’s why it would be difficult if protectionism played a bigger role.”

Scholz said Germany had a “clear position” on the planned U.S. tariffs, and hoped further discussions with U.S. officials could help avert a looming trade war with the European Union.

German and other EU officials are pushing back against plans announced earlier this month by U.S. President Donald Trump to impose duties on incoming steel and aluminum. He also threatened to levy a tax on European cars if the EU did not remove tariffs and trade barriers on a range of goods.

Merkel spoke by telephone on Saturday with Chinese President Xi Jinping about the proposed U.S. tariffs, and underscored the importance of multilateral cooperation on global trade.

The two leaders agre上海夜生活ed to work on solutions for excess capacity in world steel markets within the framework of the G20 group of industrialized nations.

German Economy Minister Peter Altmaier, a member of M,上海新夜网龙凤Sabia,erkel’s conservatives, will travel to Washington later on Sunday to press U.S. officials on the issue.

Henkel battles to keep on trucking in North America

FRANKFURT/BERLIN ( ) – Henkel’s (HNKG_p.DE) laundry and beauty care sales will be hit by delivery failings in North America after problems with its logistics systems were exacerbated by U.S. trucking shortages.

Shares in the German consumer goods maker of Persil detergent and Loctite adhesives have underperformed the German blue-chip index .GDA,上海夜生活乌托邦Quaid,X over the past year and were down 3.2 percent on the day at 1142 GMT.

Henkel has hit problems as it tried to improve its logistics ,上海夜生活网419Queena,system in North America, with workflow issues only emerging when it was operating at full capacity, a spokesman said.

Shortfalls in U.S. freight capacities made the situation worse, resulting in disruptions across Henkel’s supply chain, including production planning, order processing, production, storage and transport to customers, he added.

In another case of a consumer company struggling to eke out efficiencies in its supply chain, KFC (YUM.N), had closed hundreds of its British fried food outlets last month due to a chicken shortage after it switched its delivery contract to DHL, a unit of Deutsche Post (DPWGn.DE).

U.S. food companies have cited rising freight costs as a reason for lower profit margins, with more pain seen in 2018 as a dearth of drivers and higher diesel prices make it even more expensive to transport products to stores.

“You have your own system not working properly … and then at the same time you have tightness in the market,” said Liberum analyst Anubhav Malhotra. “It was probably efficiency-boosting but it didn’t go according to plan.”

Part of the problem is drivers dumping long-haul jobs in favor of shorter trips for the likes of Deliveroo or Amazon, Malhotra said.

After launching Persil in the United States in 2015, Henkel has been in a price war with Procter & Gamble (,上海夜网官方网站Macauly,PG.N) and faces strong competition in its beauty business. It makes about a quarter of its sales in North America.

The logistics changes for the consumer goods businesses in North America is separate from Henkel’s project to introduce a single global supply chain, that the spokesman said was progressing as planned.

Chief Executive Hans Van Bylen said the company expected to return to usual service levels during the second quarter.

The adhesives unit, which generates about half of the company’s sales, and the professional haircare business were not affected 上海夜生活论坛and showed very good development, Henkel said.

Henkel expects a decline in organic sales for its laundry and beauty units in the first quarter, while overall organic sales growth should be “slightly positive”.

It confirmed its 2018 outlook, with organic sales growth between 2 and 4 percent and adjusted earnings per share to rise between 5 and 8 percent. It is due to publish first-quarter results on May 9.