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EU to challenge U.S. duties on Spanish olives

BRUSSELS ( ) – The European Union will begin legal action at the World Trade Organization this week against U.S. duties imposed on Spanish olives, EU trade chief Cecilia Malmstrom said on Monday.

Malmstrom, the European Trade Commissioner, tweeted that the duties imposed by the United States were unjustified, unwarranted and went against WTO rules.

“Tomorrow, we are taking this case to the WTO dispute settlement system, requesting consultations with the U.S,” the commissioner said on Twitter.

“From the Commission side, we have already raised this case with our U.S. counterparts at many occasions. Together with Spanish authorities, we will continue to vigorously defend the interests of EU producers,” she continued.

U.S. imports of Spanish olives were worth $67.6 million in 2017.

The U.S. ,上海夜生活网交流Naia,Commerce Department has concluded that Spanish olives are being sold too cheaply and benefit from unfair subsidies. It has imp上海夜生活osed anti-subsidy tariffs of between 7.52 and 27.02 percent and anti-dumping duties of between 16.88 and 25.50 percent, according to the pr,上海夜生活论坛Dallas,oducer, to,上海足浴夜网联系方式Kaiden, counteract this.

Under WTO rules, the two sides have 60 days to try to settle the dispute, after which time the European Union could ask the WTO to adjudicate.

But the WTO’s dispute system is facing an imminent breakdown because the United States is blocking appointments of judges to hear trade dispute appeals. [nL8N1YM24Q]

Disputes filed now risk falling into legal limbo and may never get resolved, unless an agreement can be found before two of the three remaining appeal judges leave in December.

Political risk looms over Republicans’ welfare tinkering

WASHINGTON ( ) – Political danger signs are flashing, but conservatives in Washington are pushing forward with proposals to change America’s social safety net, an agenda even fellow Republican President Donald Trump recently shied away from.

Fresh from a tax overhaul victory and keen to act while they retain control of ,上海021夜网Quay,Congress, Republicans are seeking tougher work and job training requirements for those helped by assistance programs such as Medicaid and food stamps.

Kentucky on Friday became the first U.S. state to get approval from Washington to impose work req上海夜生活uirements on recipients of Medicaid, a government program that provides health coverage to millions of Americans, primarily the poor, children, pregnant women, elderly adults and disabled people.

The approval came a day after the Trump administration said states could move toward putting work or job training conditions on Medicaid, which has never had such conditions attached.

Democrats and health advocacy groups said such changes would make healthcare less accessible to vulnerable Americans.

The Southern Poverty Law Center, a liberal group, said it plans to file a legal challenge against the administration.

Changes like Kentucky’s appeal to conservative Republican voters, although more broadly, Americans’ strong views and personal stakes in U.S. social programs have long been seen as political dynamite – especially in election years.

“That is fraught with danger, political danger,” said John Feehery, a Republican strategist who served as spokesman to former Republican House Speaker Dennis Hastert.

After the deep tax cuts for corporations that Republicans pushed through Congress in December, critics will say the party wants to “pay for it by slashing benefits to poor people. They just don’t need that right now,” Feehery said.

In November, Republicans must defend their Senate and House majorities in nationwide midterm congressional elections, which historically produce big gains for the opposition in the first term of a new presidency.

Related CoverageFactbox: What Republicans mean when they talk about U.S. welfare reform

Trump said on Saturday after,上海夜生活怎么玩Cade, a meeting with Republican leaders that any welfare legislation should be bipartisan or wait until later in 2018 after other priorities such as infrastructure and immigration are addressed.

Some House Republicans interpreted Trump’s statement as ruling out overhauls of big programs such as Social Security and the Medicare program for the elderly, but leaving room for more modest initiatives such as stricter work requirements.


House Speaker Paul Ryan, the Republican Party’s policy wonk in chief, has long advocated for some of the welfare changes that party colleagues are trying to decide how to package.

“What we will see is perhaps a more focused approach, to a work requirement, instead of a comprehensive entitlement reform initiative,” North Carolina Republican Representative Mark Meadows said in an interview. He is chairman of the House Freedom Caucus, a conservative faction.

In an example of what such proposals invite, Democrats quickly attacked the administration’s de,上海夜生活群Idaia,cision to let states proceed with Medicaid work requirements.

“It’s really sad. … The elderly, disabled, pregnant women and children will all suffer,” House Democratic Leader Nancy Pelosi told reporters.

A person familiar with a meeting last weekend at Camp David, the president’s mountain retreat in Maryland, between Trump and congressional leaders said some participants were wary of making “welfare reform” a Republican message.

Still, polling in mid-2017 by the Kaiser Family Foundation found 70 percent of respondents favored work requirements for Medicaid for non-disabled adults. At the same time, 74 percent said they had a favorable view of Medicaid as it is now.

House Agriculture Committee Chairman Mike Conaway, a Texas Republican, said the 2018 farm bill will including tighter work requirements for the Supplemental Nutrition Assistance Program (SNAP), better known as food stamps. He gave no details.

House tax committee Chairman Kevin Brady, also a Texas Republican, said his panel is exploring ways to get workers who are “trapped in the welfare system … off the sidelines.”

Representative Bradley Byrne, an Alabama Republican, said safety net programs are under review by a bipartisan group he co-chairs called the Opportunity Action Caucus. He said he hoped the group this month would propose ways for “able-bodied people who are presently on one or more of our welfare programs, to go out and get the skills and training they need to get a job.”

Senior lawmaker Conyers leaves U.S. Congress after harassment…

WASHINGTON ( ) – Democrat John Conyers, the longest serving member of the U.S. House of Representatives, stepped down on Tuesday after multiple accusations of sexual misconduct, the first member of Congress to leave his seat during a wave of high-profile harassment allegations.

Conyers, a leading figure in ,上海夜生活桑拿会所Sabrina,civil rights and Democratic politics who represented the Detroit area for over half a century, endorsed his son to take his place.

“I am in the process of putting my retirement,上海夜网官方网站Hadley, plans together and will have more on that very soon … I am retiring today,” Conyers, 88, said in a radio interview from a hospital where he is being treated for stress-related illness.

“I have a great family here and especially in my oldest boy, John Conyers III, who incidentally I endorse to replace me in my seat in Congress,” Conyers said.

His resignation letter was later read in the House chamber, making his departure official. Michigan’s Republican governor, Rick Snyder, said he would review dates for a special election.

Conyers’ great-nephew has also announced he would run.

The growing number of accusations against Conyers, a founder of the Congressional Black Caucus who hired Rosa Parks as an aide after winning his first term in 1964, troubled party leaders.

House Democratic Leader Nancy Pelosi was criticized for calling Conyers an “icon” before calling for his resignation.

But others said the issue was clear, if difficult.

“We have to recognize and be able to hold the dueling possibilities that somebody can be a great man and have done great things for our country and for civil rights, but also have done terrible things that require accountability,” said Representative Pramila Jayapal.

The House Ethics Committee opened an investigation last week.

Conyers repeated his denial of harassment allegations in the radio interview. “They are not accurate or they are not true.”

Congress has been grappling with harassment policy amid a string of cases involving prominent men, incl,上海夜生活去哪玩Cadence,uding Republican Presiden上海夜网t Donald Trump, Democratic Senator Al Franken and Republican Senate candidate Roy Moore.

Trump and Moore have denied wrongdoing. Franken apologized.

Conyers, who had risen to be chairman of the powerful House Judiciary Committee, stepped down last month as the panel’s senior Democrat.

Several former women aides have accused him of misdeeds such as inappropriate touching and showing up for a meeting in only his underwear.

But others issued a statement defending him, saying they did not see him behave inappropriately.

U.S. top court takes up Republican challenge to Maryland electoral…

WASHINGTON ( ) – The U.S. Supreme Court on Friday added a second case to its docket on a contentious issue that could have major consequences for American elections, agreeing to decide whether Democratic lawmakers in Maryland unlawfully drew a congressional district in a way that would prevent a Republican candidate from winning.

The court’s agreement to take up an appeal by Republican voters in Maryland regarding the U.S. House of Representatives district came two months after the justices heard arguments in a high-profile challenge by Democratic voters to Republican-drawn state legislative districts in Wisconsin.

Both cases target a practice known as partisan gerrymandering that aims to entrench one party in power and that critics have called a distortion of the democratic process. The justices have not yet issued a ruling in the Wisconsin case.

Each case presents a different legal theory as to why limits should be placed on partisan gerrymandering, and the court’s decision to take up a second case on the is,上海夜生活男人好去处Hallie,sue hints that at least some of the nine justices are seriously considering cracking down on it.

Gerrymandering, a practice dating back two centuries in American politics, involves manipulating boundaries of legislative districts to benefit one party and diminish another. Legislative districts around the United States are redrawn every decade after the national census to reflect population changes. The “redistricting” in most states is done by the party in power though some states assign the task to independent commissions.

The Supreme Court for decades has been willing to invalidate state electoral maps on the grounds of racial discrimination but never those drawn simply for partisan advantage.

In the Maryland case, the Republican voters targeting the Democratic-drawn electoral map appealed a 2-1 ruling in August by a panel of three federal judges sitting in Baltimore rejecting their challenge.

Maryland’s sixth congressional district, the focus of the case, was previously held by a Republican and now is held by Democrat John Delaney.

When the Supreme Court heard arguments in the Wisconsin case on Oct. 3, the justices appeared closely divided, with conservative Justice Anthony Kennedy likely to cast the deciding vote.

The Republican challengers in Maryland take aim at a single electoral district, not the whole state as in the Wisconsin case. They argue that the district should be struck down because it was drawn by Democrats as a form of retaliation on the basis of past party affiliation based on the Constituti,上海夜网推油Falkner,on’s guaranteed rights of free association and free speech.

The challengers in the Wisconsin case argued that the Republican electoral map violated Democratic voters’ rights to equal protection under the law as well as free speech and association.

In the Wisconsin case, the legal argument advanced by the Democratic challengers was that an electoral map would be unlawful if the intent was to discriminate against minority party voters, the map had a sizable effect in accomplishing that goal and that there was no other justification for the map.

The theory was based in part on measuring the number of “wasted” votes in each district cast for a losing candidate and comparing each party’s total wasted votes on a statewide basis. The上海夜生活论坛 results, plain,上海021夜网Dallas,tiffs said, show whether one party’s votes are more likely to be wasted than the other party’s, which would show evidence of unconstitutional extreme partisan gerrymandering.

BofA’s loan growth drives better-than-expected profit

( ) – Bank of America Corp’s (BAC.N) quarterly profit topped analyst estimates on Wednesday as a growing loan book helped it ride out year-end market tur,上海021夜网Gabriel,bulence, sending the lender’s shares up more then 5 percent.

Under Chief Executive Officer Brian Moynihan, the Charlotte-based bank has slashed costs while tightening risk controls, boosting overall profitability while weighing on some businesses like investment banking. Over the last decade the bank cut $30 billion in annualized costs, Moynihan said on a call with analysts.

The second-biggest U.S. bank benefited from 4 percent growth in consumer loans and 2 percent growth in loans to businesses in the fourth quarter, allowing it to capture more revenue from higher U.S. interest rates. Revenue rose in three of the lender’s four main businesses.

Global markets, which includes trading, had a revenue fall that mirrored declines at rivals as market volatility resulted in wider credit spreads and pushed some fixed-in,上海夜生活群Quaid,come clients to the sidelines.

Bank of America, with its large deposit pool and rate-sensitive mortgage securities, relies heavily on higher interest rates to maximize profits.

Its total net interest income, the difference between what a lender earns on loans and pays on deposits, rose 7.3 percent to $12.3 billion. Average deposits rose nearly 2 percent to $1.34 trillion from the preceding quarter.

The results were buoyed by four Federal Reserve rate hikes in 2018 and a U.S. strong job market that kept bad loans in check and borrowing healthy. The bank predicted economic growth would slow in 2019 but remain strong.

Fee income in the investment bank fell 5 percent because of lower debt underwriting and advisory fees.

Earlier in the week JPMorgan Chase & Co (JPM.N) missed profit estimates as its fixed-income trading revenue slumped. Citigroup Inc (C.N) likewise reported declines in bond trading, citing the market downturn in December.

BofA’s adjusted sales and trading revenue fell 6 percent, with a 15 percent fall in bond trading. The fixed-income weakness was cushioned by an 11 percent rise in equity trading revenue driven by client financing and derivatives.

Asked why Bank of America did not suffer the same kind of drop in overall trading revenue as JPMorgan and Citi, who reported 11 percent declines each, Chief Financial Officer Paul Donofrio told reporters the results reflected the bank’s conservative approach.

“We have always said that we are going to run this business in a way th上海夜生活at when things are great we may not make as much as some competitors who are swinging for the fences,” he said.

While the Fed’s forecasts indicate two more rate increases this year, traders are betting the U.S. central bank will not deliver any rate hikes this year and begin cutting rates next year.

But Bank of America executives said there are still indicators pointing to continued economic expansion.

“We still have low inflation, rising wages, low unemployment. And, despite the increase in rates, interest rates remain at all-time lows,” Moynihan said.

In a conference call with analysts, Donofrio said, “We don’t see anything suggesting a broad-based decline in overall credit quality,” despite the fact that the bank moved a few loans to non-performing status after borrowers were downgraded for credit quality.

Non-interest expenses fell 1 percent to $13.13 billion as Moynihan works to streamline the lender’s sprawling oper,上海凤楼夜网Barbara,ations. Two years ago he pledged to cut expenses to $53 billion by the end of 2018 and stick to that level until 2020.

Revenue, net of interest expense, rose 11 percent to $22.7 billion.

Net income applicable to common shareholders rose to $7.04 billion, or 70 cents per share, in the quarter ended Dec. 31 from $2.08 billion, or 20 cents per share, a year earlier, when it took a nearly $3 billion charge related to changes in U.S. tax law.

Analysts on average were expecting 63 cents per share, according to IBES data from Refinitiv.

Written by shyw on June 16, 2019 Categories: wkrpepdc Tags: , , ,

China worries slam stocks, rising supply hits oil

NEW YORK ( ) – Global stock markets tumbled on Monday after Caterpillar and Nvidia Corp warned of weak Chinese demand while oil posted its biggest one-day drop in a month on expectations of growing U.S. crude supply.

Equities also were slammed by plunging shares of Brazilian miner Vale SA, which lost some $19.3 billion of its market value following the collapse of a tailing dam last week that killed at least 60 people.

Vale shares dropped 24.5 percent in Sao Paulo trade.

The dollar fell against a basket of currencies as traders awaited the Federal Reserve’s two-day policy meeting ending Wednesday and the results of U.S.-China trade talks this week.

The euro reached a 10-day high against the dollar ahead of voting in Britain’s parliament on Tuesday that aims to break the Brexit deadlock.

Caterpillar, a bellwether for global industrials, fell 9.1 percent as its quarterly profit missed Wall Street estimates, hurt by softening Chinese demand, a strong dollar and higher manufacturing and freight costs.

It was Caterpillar’s worst single-day drop since August 2011.

Nvidia slid 13.8 percent after the chipmaker cut its fourth-quarter revenue estimate by half a billion dollars, hit by weak demand for its gaming chips in China and lower-than-expected data center sales.

Apple’s downward guidance two weeks ago, along with the announcements by Caterpillar and Nvidia, suggest the U.S.-China trade war will affect more companies, said Kristina Hooper, chief global market strategist at Invesco.

“I view this as a,上海新夜网龙凤Barbara, cause for concern. It’s not a,上海仙霞路夜生活Fabian, crisis, but it’s likely to be a few more canaries in the coal mine because there is going to be a significant cohort of stocks that are likely to be impacted by the U.S.-China trade war,” Hooper said.

Earn上海夜生活网ings at ,上海夜生活网交流Jack,Chinese industrial firms shrank for a second straight month in December, hit by slowing prices and weak factory activity.

The FTSEurofirst 300 index of leading regional shares closed down 0.96 percent while MSCI’s all-country world equity index declined 0.62 percent.

Stocks on Wall Street, down more than 1 percent for most of the session, recouped some losses at the close.

The Dow Jones Industrial Average fell 208.98 points, or 0.84 percent, to 24,528.22. The S&P 500 lost 20.91 points, or 0.78 percent, to 2,643.85 and the Nasdaq Composite dropped 79.18 points, or 1.11 percent, to 7,085.69.

Emerging market stocks lost 0.39 percent.

Volatility has picked up as investors fret about an economic cycle that is long in the tooth, leading to sharp reactions in the market to news, said Laura Kane, head of investment themes for the Americas at UBS Wealth Management.

Equity markets have solid underpinnings with fourth-quarter earnings looking good, a likely truce in the U.S.-China trade talks and the Fed sounding a dovish message, leading her to be optimistic, Kane said.

“But the complication of volatility being uncomfortable and the fact we’re later in the (business) cycle, that’s why we’re seeing these larger reactions to market news than we’re used to,” she said.

U.S. energy companies last week boosted the number of rigs drilling for oil for the first time since late December.

U.S. crude production, which rose to a record 11.9 million barrels per day late last year, has undermined sentiment in the oil market, traders said.

Also weighing on oil prices are concerns about whether Chinese refiners will continue to import crude at 2018’s breakneck pace.

U.S. crude settled down 3.17 percent at $51.99 per barrel and Brent fell 2.77 percent to settle at $59.93.

In FX markets, the ICE index that tracks the dollar versus the euro, yen, sterling and three other currencies was down 0.05 percent at 95.745. It hit a near two-week low at 95.673 earlier in the session.

The euro rose 0.11 percent to $1.1425 while the Japanese yen strengthened 0.16 percent versus the greenback at 109.36 per dollar.

Benchmark 10-year U.S. Treasury notes rose 1/32 in price to push their yield down to 2.7458 percent.

U.S. gold futures settled up 0.4 percent at $1,303.10 per ounce.

U.S. lawmaker probed on sex reports, second congressman denies charges

WASHINGTON ( ) – The U.S. House of Representatives Ethics Committee said on Friday it had begun an investigation into public reports that Democrat Ruben Kihuen engaged in sexual harassment, and a second lawmaker denied a former aide’s allegations of sexual misconduct.

The ethics panel said that announcing the probe was not a sign the committee already had determined the Nevada representative violated any rules.

“As I’ve said previously, I intend to fully cooperate, and I welcome an opportunity to clear my name,” said Kihuen in a statement provided to .

The news website Buzzfe,上海夜生活Cadence,ed has reported that Kihuen, currently finishing his first year in Congress, harassed a staff member on his 2016 political campaign, and on Thursday there were multiple上海夜生活网 reports of an anonymous lobbyist’s description of his unwanted advances. has not independently confirmed the reports.

Lawm,上海夜网千花Sabrina,akers from both U.S. political parties have recen,上海夜生活群Queena,tly been ensnared in allegations of sexual misconduct, prompting the committee to launch a probe this month of all House members and their staffs.

On Friday a second Democratic congressman, Bobby Scott of Virginia, was accused by former legislative aide Macherie Reese Everton of touching her leg and back without permission in 2013 and offering to advance her career in exchange for sex and said she was wrongfully dismissed from her job.

Scott, who has served 25 years in Congress, rejected Everton’s charges and said he had never sexually harassed anyone.

“I absolutely deny this allegation of misconduct,” he said in a statement. “I am confident that this false allegation will be seen for what it is when the facts are adequately reviewed.”

has not independently verified the claims.

This week Republican Representative Blake Farenthold said he would not seek re-election after accounts surfaced that he created a hostile work environment.

In a Facebook post, Farenthold denied allegations of sexual harassment by former staff members but admitted he allowed an unprofessional culture to flourish in his Capitol Hill office.

Members of Congress are working on legislation to update the body’s rules on sexual harassment.

Representative Carolyn Maloney said she will introduce a bill on Friday that says companies cannot block sexual harassment victims from publicly disclosing the details of their allegations, which often are included in settlement agreements.

Allegations of misconduct in recent weeks have also been made against movie-makers, television interviewers and other men in the private sector.

Written by shyw on March 20, 2019 Categories: wkrpepdc Tags: , , ,

U.S. top court turns away challenge to Mississippi LGBT law

WASHINGTON ( ) – The U.S. Supreme Court on Monday ended the first legal challenge to a Republican-backed Mississippi law that permits businesses and government employees to refuse to serve lesbian, gay, bisexual and transgender people because of their religious beliefs.

The justices left in place a June ruling by the New Orleans-based 5th U.S. Circuit Court of Appeals that the plaintiffs – same-sex couples, civil rights advocates including the head of the state NAACP chapter, a church and others – did not have legal standing to bring the lawsuit.

The law, passed by the Republican-controlled state legislature and signed by Republican Governor Phillip Bryant with the backing ,上海夜生活Idaline,of conservative Christian activists, has not yet been implemented and more legal challenges are expected, according to gay rights lawyers.

“We will keep fighting in Mississippi until we overturn this harmful law, and in any state where antigay legislators pass laws to roll back LGBT civil rights,” said Beth Littrell, a lawyer with gay rights group Lambda Legal.

People who are refused service once the law is in place may be more likely to be judged to have legal standing to sue.

The 2016 law was passed in the aftermath of the U.S. Supreme Court’s landmark 2015 ruling legalizing same-sex marriage nationwide.

Supporters call it a religious liberty law that protects the sincerely held religious beliefs and moral convictions of individuals and businesses. Opponents said it authorizes discrimination against LGBT people in violation of the U.S. Constitution’s guarantees of equal protection under the law and the separation of church and state.

Conservative Christian legal group Alliance Defending Freedom is helping the state defend the law.

“Good laws like Mississippi’s protect freedom and harm no one,” said Kevin Theriot, one of the group’s lawyers.

Mississippi’s law was one of a series of measures proposed in socially conservative, Republican-dominated states that gay rights advocates viewed as an attempt to undermine the high court’s gay marriage ruling.

The law, called the Protecting Fr上海夜生活网eedom of Conscience from Government Discrimination Act, protects the beliefs that marriage is the union of one m,上海晚上耍女人的地方Lake,an and one woman, sex outside such a marriage is improper and gender is determined by anatomy and genetics at birth and cannot change.

Among other things, the measure lets businesses refuse to provide marriage-related services to same-sex couples and allows judges, magistrates and justices of the peace to refuse to perform same-sex weddings.

The measure was blocked in 2016 by a Mississippi-based federal judge who said it unconstitutionally allowed “arbitrary discrimination” against LGBT people and unmarried people. The 5th Circuit overturned that ruling.

On a related issue, the Supreme Court is due to rule by the end of June whether a Colorado baker was wit,上海夜哪里艳遇Jack,hin his constitutional rights to refuse to make a wedding cake for a gay couple on the basis of his conservative Christian beliefs.

Written by shyw on February 16, 2019 Categories: wkrpepdc Tags: , ,

Altria says Juul sales skyrocket to $1 billion in 2018

( ) – Marlboro maker Altria Group Inc said on Thursday e-cigarette maker Juul Labs Inc posted more than $1 billion in revenue in 2018, up from about $200 million a year earlier, the first offi,夜上海419龙凤论坛Idaline,cial growth figures for the controversial vaping product.

Altria pa,夜上海论坛Idris,id $12.8 billion to acquire a 35 percent stake in Juul in December 2018, getting a foothold in a segment that is quickly becoming an attractive alternative for smokers.

T,上海夜生活群Dallas,he cigarette maker risks cannibalizing some of its current customers b上海夜生活ut sees e-cigarettes as a path to growth.

E-cigarettes are a divisive topic in the public health community, offering a nicotine alternative to cigarettes without the same toxic and cancer-causing chemicals, but they have also become popular with teens, drawn to candy and dessert flavor varieties.

In November, the U.S. Food and Drug Administration announced curbs on sales of flavored e-cigarette products, including Juul’s mango and cool cucumber, responding to concerns of underage use reaching epidemic proportion.

After the regulatory crackdown, Juul halted all promotional use of U.S. social media platforms and continued to monitor and remove inappropriate material from third-party accounts.

“We know more must be done,” Altria Chief Executive Officer Howard Willard said on a post-earnings call.

Altria said removing some flavors would impact the overall growth rate of Juul this year.

Juul’s refill kit pod volumes grew nearly 600 percent in 2018 and also expects U.S. e-vapor volume to grow at a compounded annual rate of 15 percent to 20 percent through 2023, the company said.

Altria’s shares were up 1.5 percent at $48.56 as the company also posted fourth-quarter profit that matched analysts expectations.

Market turmoil hits BlackRock’s bottom line in fourth quarter

NEW YORK ( ) – BlackRock,夜上海论坛Barbara, Inc (BLK.N), the world’s largest fund manager, reported a smaller-than-expected quarterly profit on Wednesday due to financial market turmoil, but investors celebrated the company’s strong sales of relatively low-fee funds.

Sinking performance in late 2018 led investors to pull cash from the company’s typically higher fee funds aimed at beating the market but people put record cash in the company’s generally lower-cost exchange traded funds (ETFs).

Overall, the company sold $43.6 billion in stock, bond and other “long-term” investment funds, mor,上海足浴夜网联系方式Earl,e than the $10.6 billion sold the quarter prior.

Still, weak上海夜网er investment performance and the company’s own price cuts hurt. The company collects fees as a percentage of assets under management, which are now just under $6 trillion.

The S&P 500 .SPX fell more than 10 percent in the three months ended Dec. 31.

Money that the company earned for hitting certain performance targets and for lending out shares to people betting against stocks fell from the year prior.

“There are moments you can’t control what clients are doing, when clients are de-risking. We saw that in 2018, but that does not deter the conversations we’re having with our clients,” BlackRock Chief Executive Officer Larry Fink told . “We’re investing more money in the future than any other asset management company.”

Fink said the company continued to see opportunities to grow, including helping Chinese individuals save and selling technology services to other financial companies. People are also flocking to the company’s iShares ETFs to get cheap exposure to various parts of the market.

The iShares group took in $81 billion in the quarter, compared with $34 billion in the quarter prior.

BlackRock’s stock is down nearly a third from an all-time high near $600 per share last year, declining more than 21 percent in 2018. The stock rose 4.3 percent to $418 on Wednesday as a broader rally pushed U.S. stock indexes higher.

Analysts seemed pleased with the average level of fees BlackRock was able to charge as well as continued success at winning new assets.

“We see the silver lining,” said Edward Jones analyst Kyle Sanders. “This was a reaffirmation to investors that BlackRock is differentia,上海夜网推油Hadrian,ted with iShares.”

Net income fell to $927 million, or $5.78 per share, in the quarter, from $2.30 billion, or $14.01 per share, a year earlier, when U.S. corporate tax cuts helped. Analysts, on average, expected $6.27 per share, according to IBES data from Refinitiv. Excluding restructuring charges and other items, the company earned $6.08 per share.

BlackRock sliced expenses, but not as fast as its revenues fell. The company said last week it was cutting about 500 jobs, or 3 percent of its workforce, and booked a $60 million restructuring charge in the quarter. Total staff is still expected to be higher than a year ago following the cuts.

Fink told he did not expect additional “restructuring” or to make a significant asset management deal to boost growth, though he did suggest BlackRock could buy a technology company.

Western Australia claims BHP owes up to $215 million in underpaid…

MELBOURNE ( ) – The state of Western Australia said on Monday an audit had found global miner BHP Group underpaid royalties on iron ore shipments sold via its Singapore marketing hub stretching back over more than a decade.

BHP quickly disputed the claim, saying long-standing deductions it makes to account for the cost of selling Western Australia iron ore had been consistently audited and accepted by the state as part of calculations on how much the world’s biggest miner owed it in royal,上海夜网后花园Hallie,ty payments.

State Treasurer Ben Wyatt told reporters on Monday the underpayments added up to around A$200 million-A$300 million ($143 million-$215 million) covering 2004-2016.

上海夜生活论坛The State Government is negotiating with BHP to resolve the matter in the best interests of the State,” Premier Mark McGowan’s office said in a statement.

In its own statement, BHP said the Western Australia Mines Department had recently queried the historically accepted deductions for costs.

“It is concerning that previously audited and accepted payments to the government are now being revis,上海晚上耍女人的地方Idaline,ited and BHP is working with the Mines Department to resolve this matter,” it said.

BHP,上海夜生活群Hadley, reached a deal to pay $390 million in additional taxes to the Australian government in November to settle a long-running tax dispute over the miner’s Singapore hub on its income from 2003-2018.

Apple bans Facebook from tech tools for tracking teen browsing habits

( ) – Apple I上海夜生活nc (AAPL.O) said on Wednesday it had banned Facebook Inc (FB.O) from a program designed to let businesses control iPhones used by their employees, saying the social networking company had improperly used it to track the web-browsing habits of teenagers.

Apple offers what are known as certificates that let businesses have deep controls over iPhones, with the potential to remotely install apps, monitor app usage and access, and delete data owned by a business on an iPhone. Apple designed the program for organizations whose staff use iPhones for official duties, when privacy needs are different from phones for personal use.

On Tuesday, technology news site TechCrunch reported that Facebook was paying users as young as 13 years old to install an app called Facebook Research. The app used Apple’s business tools to ask for an iPhone user’s permission to install so-called virtual private network software that can track browsing habits.

Apple ejected Facebook from the business app prog,上海夜生活论坛Barrett,ram, saying in a statement on Wednesday the program was “solely for the internal distribution of apps within an organization.”

“Facebook has been using their membership to distribute a data-collecting app to consumers, which is a clear breach of their agreement with Apple,” Apple said in the statement.

The ban does not affect Facebook’s apps in Apple’s App Store, which Facebook depends on to distribute Facebook, WhatsApp and Instagram apps to iPhone users. But it does mean that Facebook will not be able to distribute internal apps to its own employees.

In a statement, Facebook said key aspects of the research program were being ignored and that it had secured users’ permission.

“Despite early reports, there was nothing ‘secret’ abou,上海夜生活Jacklyn,t this,” Facebook said in a statement. “It was literally called the Facebook Research App. It wasn’t ‘spying’ as all of the people who signed up to participate ,上海夜网官方网站Cadence,went through a clear on-boarding process asking for their permission and were paid to participate.”

Facebook said fewer than 5 percent of the participants in the program were teens and that all of those teens had signed parental consent forms.

Fed policymakers leave little doubt: Rate hikes can wait

SOMERSET, N.J./SAN FRANCISCO ( ) – “Patience” is the new mantra at the Federal Reserve, less than two weeks ahead of the U.S. central bank’s first policy meeting of the new year, as officials leave little doubt they want to stop raising interest rates – at least for a while.

Fed Chair Jerome Powell first used the word “patient” to describe his approach to monetary policy early this month, in words that soothed financial markets after months of volatility.

This week seven other policymakers followed Powell in embracing a “patient” approach or otherwise signaling an inclination to pause the cycle of rate hikes.

That follows a wait-and-see approach laid out earlier this month by several other Fed policymakers, making clear that a consensus has emerged among the 17 Fed officials who will meet on Jan. 29-30.

Slower global growth, a stock meltdown last quarter, and a partial U.S. government shutdown that threatens consumer confidence and spending have many of them worried about what Fed policymakers only last month called “strong” economic activity. And, they say, the economy ,上海仙霞路夜生活Cade,has yet to feel the full effects of the Fed’s four rate hikes last year.

“The approach we need is one of prudence, patience and good judgment,” New York Fed President John Williams said on Friday, adding that if growth continues, further rate hikes could be needed “at some point.”

But for now, he said, the tail winds that propelled the U.S. economy for most of last year have “lost their gust.”

Mary Daly, who used to work for Williams when he ran the San Francisco Fed and now is president of that regional bank herself, is “leaning toward pausing for a while” to see how the economy progresses, the Washington Post reported Friday, in remarks confirmed by a bank spokesman.

Similarly, Dallas Fed President Robert Kaplan said on Tuesday the Fed’s “patience” should run a quarter or two. Even Kansas City Fed President Esther George, who made her name as the lone backer of rate hikes when most policymakers opposed them, made the case for a pause on rate hikes.

Chicago Fed’s Charles Evans and Minneapolis Fed’s Neel Kashkari this week reiterated their support for pausing rate hikes, and St. Louis Fed’s James Bullard and Atlanta Fed’s Raphael Bostic staked out that view earlier this month.

Concerns range from broad ones like slowing growth in China to narrower ones like the ongoing budget stalemate in Washington that has kept parts of the federal government shut down for 28 days.

Uncertainty around such issues, as well as over the outlook for Britain’s contentious exit from the European Union, presents negative risks for the U.S. economy, Fed Governor Lael Brainard said in a Marketplace interview aired late Friday.

“The longer these drag on the,上海夜生活桑拿会所Rae, more I worry that they really materially weigh on consumer confidence, business confidence, and then start to work their way through actual activity in the economy,” Brainard said.

That may already be happening. Consumer confidence has fallen to a two-year low, a gauge released early Friday showed, in part because of the shutdown, which Williams said could shave as much as a full percentage point off of first-quarter economic growth.


Not all policymakers are equally worried. Fed Governor Randal Quarles on Thursday said the “base case remains very strong” for the U.S. economy. Boston Fed’s Eric Rosengren said earlier this month that the Fed may still need to raise rates twice this year. That is what the Fed signaled when it lifted rates in December to a target range of 2.25 percent to 2.5 percent.

Markets, however, are not buying it. On Friday U.S. short-term interest-rate futures were pricing in just a one-in-four chance of a single interest-rate hike this year. 上海夜网

Asian slowdown spoils the picture for Swatch Group

ZURICH ( ) – A downturn in Asia and France hit Swatch Group in the last three months of 2018, leading the Swiss watchmaker to post lower-than-expected results for the full year and sending its shares almost seven percent lower.

Sales of Swiss luxury watches are under pressure as trade-war tensions and a slowing Chinese economy and weak yuan have curbed,上海夜网后花园Pablo, the appetite of their biggest group of customers for spending on big-ticket items, especially during trips abroad.

“(In Asia) a downturn in demand occurred in the last three months of the year, particularly in wholesale,” the maker of Swatch watches, sporty Tissot and luxury Breguet timepieces said in a statement on Thursday.

It also pointed to a “very weak” performance in France, where luxury boutiques saw sales dwindle before Christmas due to “yellow vest” protests.

Swatch Group’s comments contrasted with an upbeat report on Tuesday from luxury goods giant LVMH, whose like-for-like sales rose 9 percent in the fourth quarter thanks to strong demand for leather and fashion goods.

RBC Capital Markets analyst Rogerio Fujimori said Swatch’s negative performance in the Christmas quarter contrasted with 7 percent organic growth at LVMH’s watch and jewelry business and 5 percent at Swiss peer Richemont.

He attributed the divergence to a high comparison base ,夜上海419龙凤论坛Babette,at Swatch and a “material underperformance” in the low to mid-price segment that was reflected in Swiss watch export statistics.

Swatch shares, which lost almost 28 percent of their value last year, fell 6.8 percent by 1030 GMT, also dragging down Richemont.

Swatch, which is behind Omega watches regularly worn by James Bond, said it had seen solid growth in January — which analysts attribute to the Chinese New Year — and was anticipating healthy growth this year.

“The leadership position (…) in China will become a major opportunity for the group in 2019, even if ongoing market turbulenc上海夜生活论坛e remains disruptive,” Swatch said.

It pointed to jewelry brand Harry Winston, high-end Blancpain and mid-range Longines as growth drivers. Production bottlenecks had led to delays and inventory buildup at Longines and Omega, a problem it expected to resolve soon.

It didn’t mention its othe,上海夜网推油Jacklyn,r high-end brands Breguet and Jaquet Droz or demand for its Swatch and Tissot watches that are facing competition from smartwatches. It delayed the launch of a Tissot with its own operating system to later in 2019.

Sales rose 5.7 percent at constant currency rates to 8.48 billion Swiss francs ($8.54 billion), below a forecast for 8.65 billion francs in a poll.

Net profit rose 14.8 percent to 867 million francs, short of a 952 million forecast. A dividend proposal of 8 francs per bearer share was also below expectations.

($1 = 0.9928 Swiss francs)

South Korea’s Netmarble to form consortium for Nexon holding…

SEOUL ( ) – South Korea,上海夜生活Fabiana,n gaming firm Netmarble said it will form a consortium to bid for a controlling stake in Nexon’s holding company, the latest to show interest in a deal that could be worth about $9 billion after Kakao.

Both Netmarble Corp and Kakao Corp are backed by Tencent Holdings Ltd and, according to sources, the Chinese tech giant too is considering a bid.

Kim Jung-ju, founder of Nexon, the country’s biggest gaming company, plans to sell a 98.64 percent stake in NXC Corp, held by himself and related parties including his wife, the Korea Economic Daily newspaper has reported.

Selling the stake to overseas companies would weaken the competitiveness of the industry in the country, said Netmarble, which controls over a quarter of South Korea’s mobile gaming market. Tencent has a 17.66 percent stake in Netmarble.

“We believe the tangible and intangible values of Nexon are important assets to Korea,” Netmarble said in a statement, adding its consortium will mainly include domestic firms.

Netmarble also said it had been considering buying Nexon for two months and decided to participate in the bid a month ago.

Nexon shares ended up 0.7 percent on Thursday, after earlier rising more than 3 percent after Netmarble’s announcement, in a flat wider market.

South Korea’s top chat app operator Kakao, in which Tencent holds a 6.7 percent stake, said last week it was reviewing a bid for Nexon’s holding firm. 上海夜生活

Spokespersons at Kakao and Netmarble declined to comment on whether the pair would join forces for a bid.

A 98.64 percent stake in NXC would be worth between 8 trillion and 10 trillion won ($7.1 billion and $8.9 billion), according to South Korean local media reports.

Founded in 1994, Nexon has developed more than 80 live games in over 190 countries, including IP-franchise hits such as MapleStory, Dungeon & Fighter, Sudden Attack and KartRider.

Tencent owns the exclusive license to operate Dungeon & Fighter in China. The world’s largest ,上海夜生活群Kade,gaming company by revenue was hit hard by a freeze on approvals for new titles in China last year, which wiped billions of dollars off its market value.

China has resumed handing out approvals since December and some Tencent titles have since been green lit,,上海夜网推油Talon, although the firm is still waiting for a ruling on its blockbuster PlayerUnknown’s Battlegrounds.

Written by shyw on August 29, 2018 Categories: wkrpepdc Tags: , , ,

In replacing Dudley, New York Fed aims to avoid political pitfalls

NEW YORK ( ) – Unions and groups advocating for retirees, teachers, housing, and workers’ benefits are among those visiting the ornate conference rooms of the Federal Reserve Bank of New York to lobby for a less conventional candidate to serve as its next president.

New York Fed directors leading the search for a successor to chief William Dudley, seen as the second most influential policymaker at the U.S. central bank, invited the guests to last week’s meeting to seek their advice. According to attendees and others familiar with the search, the directors are close to a “long list” of candidates and appear set to begin formal interviews within weeks.

Until then, directors Sara Horowitz and Glenn Hutchins are taking steps intended to head off any criticisms of opacity and lack of diversity that, in recent years, have stung presidential searches at other district Fed banks. The afternoon meeting with 11 advocacy groups last week marked what one attendee called an unprecedented gesture of public outreach.

“I got the impression they wanted candidates at least at the (initial) interview stage to have diversity of background, race, ideology. But they played it close to the vest … and it’s hard to say who they might ultimately pick,” said Marcus Stanley, who attended the meeting and who is a policy director at Americans for Financial Reform, which wants the New York Fed to resist deregulation momentum in Washington.

The New York branch executes the Fed’s policy decisions and manages its trillions of dollars of assets. Its president is the only one among the 12 districts to have a permanent vote on policy and, historically, has tended to be a banker or market economist with Wall Street or Treasury experience.

The Jan. 10 meeting was one of at least seven since November with members of small bu,上海夜生活桑拿会所Kai,sinesses and banks, as well as large investment funds and industry groups, as the New York Fed continues to canvass for candidates, according to published notices of the meetings and people familiar with them.

Dudley announced on Nov. 6 he would step down a bit early, in mid-2018. Since then national interest in the search has grown and taken increasingly political tones given the New York Fed sits at the center of U.S. monetary policy, financial markets and the policing of Wall Street.

Upping the ante in New York is a historical Fed leadership overhaul in which U.S. President Donald Trump decided to replace Chair Janet Yellen with Jerome Powell, a Fed governor, and a Republican push to loosen bank rules. Liberal groups do not want a former banker or Fed insider, and point out that Dudley and his predecessors were all white and male.

Horowitz and Hutchins invited the advocacy groups and unions and asked for potential candidate names, according to two people at the meeting and one briefed on it. They said that while no names were offered at the time, a few attendees aim to submit them before month’s end.

The New York Fed declined to comment.


Four New York Fed directors will choose the candidate, though he or she must be approved by the Fed Board of Governors in Washington. Neither Congress nor the White House play a role.

reported in December that directors were considering candidates with a range of professional, racial an,上海仙霞路夜生活Kaia,d gender backgrounds including Peter Blair Henry, the just-retired dean of New York University’s Stern School of Business.

Last week’s 90-minute meeting included New York and New Jersey housing and community-development groups, the American Federation of Teachers, the Building and Construction Trades Council of Greater New York, and the American Association of Retired Persons, among others.

Horowitz, founder of the Freelancers Union which advocates for independent workers, told attendees that last year’s selection of Raphael Bostic as Atlanta Fed president set a good example of looking beyond the traditional mold given his economic expertise in housing policy, according to two attendees.

Bostic is the first black district president in the Fed’s 104-year history. Three of six new Fed presidents in the last five years were white men and two of those, Philadelphia Fed President ,上海夜生活论坛Gabe,Patrick Harker and Thomas Barkin of the Richmond Fed, were former district directors.

“Bostic really fits the profile of not coming from the typical Wall Street or internal Fed sources, and yet he is eminently qualified,” said Shawn Sebastian, director of the Center for Popular Democracy’s “Fed Up” campaign, and who also attended the meeting.

Horowitz and Hutchi上海夜生活网ns, a tech investor and noted public-policy philanthropist, indicated it would be “a matter of weeks, not months” before they began face-to-face interviews with candidates, Sebastian said.

“This invitation is unprecedented,” he added, noting search committees at Fed branches declined requests for such meetings in recent years. “It’s a very important step.”

Deutsche faces questions from authorities investigating Danske

FRANKFURT ( ) – Deutsche Bank (DBKGn.DE) said on Wednesday it had received requests for information from regulators and law enforcement agencies around the world that are investigating a money laundering scheme involving Danske Bank (DANSKE.CO).

The statement came in response to a Bloomberg report that said the U.S. Federal Reserve was investigating Deutsche Bank’s role in the Danske scandal.

Deutsche Bank said in a statement that there were no probes. “But we received several requests for information from regulators and law enforcement agencies around the world,” it said. The bank also said it continued to provide information to and cooperate with the investigating agencies.

“It is not surprising at all that the investigating authorities and banks themselves have an interest in the Danske case and th上海夜网e lessons to be learned from it,” Deutsche Bank said.

The Fed’s probe is at an early stage, Bloomberg said, citing unnamed people familiar with the matter. ,上海夜网邀请码Oakley,

The U.S. central bank is investigating whether Deutsche Bank in New York properly monitored the transfer of funds it performed on behalf of Danske from its Estonia branch, the report added.

A spokesman for the Federal Reserve declined to comment.

Deutsche Chief Executive Christian ,上海足浴夜网联系方式Dakota,Sewing said last week that the bank was investigating the Danske case internally and that it had no indication of any misconduct on the bank’s part.

Danske is under investigation for suspicious payments totaling 200 billion euros ($227 billion) from 2007 until 2015. Deutsche Bank has said it acted as a correspondent bank for Dankse Bank in Estonia.

A Deutsche Bank executive director has said the German bank played only a secondary role as a correspondent bank to Danske, limiting what it needed to know about the people behind the transactions.

In 2017, the Fed was among regulators that fined Deutsche Bank nearly $700 million for weak controls that allowed money laundering from Russia. A U.S. Department of Justice investigation into the case is still ongoing.

In November, police searched the offices of all the members of Deutsche Bank’s board as part of a two-day raid and investigation into money laundering allegations linked to the Panama Papers.

Deutsche Bank has said it had no indication of misconduct in this case.

Related CoverageDeutsche Bank CEO says bank cooperating with German prosecutors

In September, German regulator BaFin ordered Deutsche Bank to do more to prevent money laundering and appointed accounting firm KPMG as a third party to assess progress.

Deutsche shares recouped earlier losses to trade up 0.1 percent late afternoon in Frankfurt, roughly in line with Germany’s DAX index .GDAXI, which was up 0.2 percent.

($,上海会所夜网Cain,1 = 0.8807 euros)

Brexit backer Dyson moves vacuum giant’s HQ to Singapore

LONDON ( ) – James Dyson, the billionaire Brexit supporter who revolutionized vacuum cleaners with his bagless technology, is moving his head office to Singapore from Britain to be closer to his company’s fastest-growing markets.

Dyson’s company said the move to Singapore, where it will build its new electric car, was not driven by Britain’s looming departure from the European Union or tax implications, with much of its product development remaining in south west England.

The 71-year-old inventor has become one of Britain’s best-known entrepreneurs, creating a multibillion-dollar company from an insight that a cyclone could collect household dust better than a clogged-up bag.

Chief Executive Jim Rowan said the manufacturer of air purifiers, hairdryers and cleaner, lauded by politicians as a British success story, was a “global 上海夜生活technology company”, with 96 percent of its sales outside Britain.

“Our growth rate in ,上海夜生活桑拿会所Kailani,Asia has doubled most other places in the world over recent years,” he said, adding that more than half of its profit came from the region and the move was aimed at “future proofing” Dyson.

Rowan said the company, which broke through the 1 billion pound ($1.3 billion) barrier for annual profit in 2018, was moving to be near its manufacturing centers and the markets where it was seeing the biggest demand.

“It allows us to make sure we will be putting our best efforts to secure those opportunities, as well as keeping an eye on those investments, especially EV (electric ,上海夜生活Fabiana,vehicles) and batteries,” he told reporters on Tuesday.

There would be a “negligible difference” to its tax payments as a result, said Rowan, who is already based in Singapore, where the corporate tax rate is 17 percent. It is 19 percent in Britain, but is set to fall to 18 percent in 2020.

He said he would be joined there by other senior executives including the company’s chief financial officer, once the paperwork to re-register was complete.

Rowan said the Chinese market had grown in four years from a start-up to a market of a similar size to the United States.


James Dyson came out in favor of Brexit days before the 2016 vote, when he said Britain could be about 18.5 billion pounds better off each year if it left the European Union.

But with only weeks before Brexit, other manufacturers are warning of huge damage if no divorce deal is struck.

Rowan did not foresee see any issues relating to the movement of goods for Dyson.

“If your supply chain is in Asia, and you are manufacturing in the Philippines, Singapore and Malaysia, then obviously you don’t get badly affected with those changes post-Brexit,” he said.

Dyson, which has 5,853 engineers and scientists working on its new electric car and other products, said it was still expanding its research and engineering operation in Britain.

It reported earnings before interest, tax, depreciatio,上海夜网Barney,n and amortization (EBITDA) of 1.1 billion pounds ($1.42 billion) in 2018 on turnover up 28 percent to 4.4 billion pounds.

Dyson also said on Tuesday it had hired executive Roland Krueger from Infiniti Motor Company and Nissan Motor Co (7201.T) to oversee its automotive project.

“We expect to be able to go in and disrupt yet another industry using bespoke Dyson technology and innovation,” Rowan said.

In October, it said it would build its electric car in Singapore because it said it was close to suppliers and Asian markets for the vehicle, which is due to launch in 2021.

Written by shyw on June 30, 2018 Categories: wkrpepdc Tags: , ,

Trump urges Alabama voters to back Roy Moore

PENSACOLA, Fla. ( ) – U.S. President Donald Trump on Friday voiced support for Roy Moore, the Alabama Republican Senate candidate dogged by accusations of sexual misconduct, during a rally that foreshadowed themes for next year’s midterm elections.

Trump, speaking to a stadium of supporters in Pensacola, Florida, near the Alabama state line, touted his work to quit or renegotiate trade deals and called on Democrats to support a measure that would avert a government shutdown.

Trump highlighted familiar themes from his political rallies: criticism ,夜上海419龙凤论坛Faith,of violence in Chicago, which he suggested was less safe than Afghanistan, as well as his commitment to improving U.S. border security and to crack down on immigration.

But he made a point of using the rally to note his desire to get Moore elected.

“Get out and vote ,上海夜生活桑拿会所Landon,for Roy Moore,” Trump said ahead of Tuesday’s election.

The race in the heavily Republican state heated up last month with accusations that Moore sexually assaulted or behaved inappropriately with several women when they were teenagers and he was in his 30s.

Moore, a conservative Christian and former state judge, denies the allegations, and Trump formally endorsed him on Monday.

“We cannot afford – this country, the future of this country – cannot afford to lose a seat in the very, very close United States Senate,” Trump said. Republicans hold a slim 52-48 majority in the Senate.

Trump said Moore’s Democratic opponent, Doug Jones, is a “total puppet” of Senate Democratic leader Chuck Schumer and House of Representatives Democratic leader Nancy Pelosi.

“He will never, ever vote for us. We need somebody in that Senate seat who will vote for our Make America Great Again agenda,” Trump said.


Moore’s race against Jones, a former attorney, has come amid an array of allegations of sexual misconduct that have brought down men in media, politics, and entertainment.

U.S. Senator Al Franken said on Thursday he would resign in the coming weeks after allegations of sexual misconduct. Franken said it was ironic that he was leaving while Moore campaigned with backing of his party and Trump, who last year faced allegations of sexual misconduct, remained in the Oval Office.

Trump’s support for Moore puts him at odds with other lawmakers in the Republican Party, particularly Senate Majority Leader Mitch McConnell.

In his speech, Trump did not directly address the sexual harassment allegations against Moore, but he mocked the fact that one of Moore’s accusers acknowledged on Friday that part of an inscription that she had said Moore had written in her high school yearbook was in fact penned by her.

“Did you see what happened today? You know, the yearbook? … There was a little mistake made – she started writing things in the yearbook,” Trump said.

The accuser, Beverly Young Nelson, said last month Moore sexually assaulted her when she was 16 and he was a prosecuting attorney in his 30s.

Moore denies ever having known Nelson. Nelson says the yearbook entry shows that they were acquainted.

Nelson’s attorney Gloria Allred said on Friday a handwriting analysis had concluded that Moore had signed the yearbook.

The White House reiterated on Friday that Moore had denied the accusations against him.

“We find these allegations to be troubling and concerning, and they should be taken seriously. Roy Moore has also maintained that these a上海夜生活llegations aren’t true, and that should also be taken into account,” White House spokesman Raj Shah told reporters on Air Force One during Trump’s flight to Florida.

After initially abandoning Moore, the Republican Party resumed contributing funding to his election effort after Trump’s e,上海夜网推油Gabriella,ndorsement.

Exclusive: Foxconn reconsidering plans to make LCD panels at…

( ) – Foxconn Technology Group is reconsidering plans to make advanced liquid crystal display panels at a $10 billion Wisconsin campus, and said it intends to hire mostly engin,上海夜网千花Falkner,eers and researchers rather than the manufacturing workforce the project originally promised.

Announced at a White House ceremony in 2017, the 20-million square foot campus marked the largest greenfield investment by a foreign-based company in U.S. history and was praised by President Donald Trump as proof of his ability to revive American manufacturing.

Foxconn, which received controversial state and local incentives for th上海夜网e project, initially planned to manufacture advanced large screen displays for TVs and other consumer and professional products at the facility, which is under construction. It later said it would build smaller LCD screens instead.

Now, those plans may be scaled back or even shelved, Louis Woo, special assistant to Foxconn Chief Executive Terry Gou, told . He said the company was still evaluating options for Wisconsin, but cited the steep cost of making advanced TV screens in the United States, where labor expenses are comparatively high.

“In terms of TV, we have no place in the U.S.,” he said in an interview. “We can’t compete.”

When it comes to manufacturing advanced screens for TVs, he added: “If a certain size of display has more supply, whether from China or Japan or Taiwan, we have to change, too.”

Rather than a focus on LCD manufacturing, Foxconn wants to create a “technology hub” in Wisconsin that would largely consist of research facilities along with packaging and assembly operations, Woo said. It would also produce specialized tech products for in,上海足浴夜网联系方式Tamara,dustrial, healthcare, and professional applications, he added.

“In Wisconsin we’re not building a factory. You can’t use a factory to view our Wisconsin investment,” Woo said.

Earlier this month, Foxconn, a major supplier to Apple Inc., reiterated its intention to create 13,000 jobs in Wisconsin, but said it had slowed its pace of hiring. The company initially said it expected to employ about 5,200 people by the end of 2020; a company source said that figure now looks likely to be closer to 1,000 workers.

Related CoverageWisconsin governor’s office says evaluating shift in Foxconn LCD display project

It is unclear when the full 13,000 workers will be hired.

But Woo, in the interview, said about three-quarters of Foxconn’s eventual jobs will be in R&D and design – what he described as “knowledge” positions – rather than blue-collar manufacturing jobs. Foxconn is formally known as Hon Hai Precision Industry Co.\

Rather than manufacturing LCD panels in the United States, Woo said it would be more profitable to make them in greater China and Japan, ship them to Mexico for final assembly, and import the finished product to the United States.

He said that would represent a supply chain that fits with Foxconn’s current “fluid, good business model.”

Heavily criticized in some quarters, the Foxconn project was championed by former Wisconsin Governor Scott Walker, a Republican who helped secure around $4 billion in tax breaks and other incentives before leaving office. Critics of the deal, including a number of Democrats, called it a corporate giveaway that would never result in the promis,上海夜生活网419Faith,ed manufacturing jobs and posed serious environmental risks.

“Every step of the way Foxconn has overpromised and under-delivered,” Democrat Gordon Hintz, the minority party leader in the state assembly, said in a Wednesday statement. “This news is devastating for the taxpayers of Wisconsin.”

The company’s own growth projections and employment goals suggest the taxpayer investment would take at least 25 years to recoup, according to budget think tank the Wisconsin Budget Project.

Foxconn CEO Gou plans to meet with Wisconsin’s new Democratic governor, Tony Evers, a past critic of the deal, later this year to discuss modifications of the agreement, according to the source familiar with the company’s thinking.

The Office of the Governor said in a Wednesday statement it has been in contact with senior leadership at Foxconn since the story was published. Evers’ aide Joel Brennan said the team was “surprised” by the development.

Some “details about the continuing evolution of this project will require further review and evaluation,” Brennan said in the statement.

Currently, to qualify for the tax credits Foxconn must meet certain hiring and capital investment goals. It fell short of the employment goal in 2018 – hiring 178 full-time jobs rather than the 260 targeted – failing to earn a tax credit of up to $9.5 million.

The company may be prepared to walk away from future incentives if it is unable to meet Wisconsin’s job creation and capital investment requirements, according to the source familiar with the matter.