Tag: policies

Trump monetary policies feed ‘K-shaped’ recovery, polarizing society

A shuttered business is shown in the Brooklyn borough of New York City, the US. Photo: AFP

Sky-rocketing US federal debts, rock-bottom interest rates and concerns about an upcoming resurgence of the coronavirus pandemic coupled with the winter influenza are hyping up skepticism that the “K-shaped” economic recovery in the world’s largest economy is now an ongoing reality. 

The bellwether of the economy’s health – the trading price of the US currency – is now near its lowest level in 28 months, down more than 10 percent from its 2020 peak against a number of its global peers. 

On Friday, the Chinese currency, the yuan, jumped a massive 1.3 percent in onshore trading and hit a 17-month high against the US dollar, catching up with gains in its offshore counterpart during the week-long National Day holidays. Clearly, the yuan’s strength foretells the dollar’s decline. 

The bearish investors of UBS, Goldman Sachs, Societe Generale and other major investment banks are forecasting more losses for the dollar if the Trump administration cannot take speedy and decisive measures to contain the virus and stop the US economy from plummeting into a deep recession, which seems highly unlikely to the investors. 

To add to this, some economists have predicted the dollar will plunge another 20 percent against other global currencies in the coming 12 months. Whether market speculation that the US dollar will crash and lose its prominence as the global reserve currency, will become a reality is yet to be seen. 

Feeding the dollar’s weakness are the precarious American economic fundamentals, under the watch of the Trump administration. Among them, the rapidly surging federal debts and a faltering recovery of US manufacturing and service sectors, despite the Federal Reserve’s near-zero interest rates policy to stimulate the industries, are hard nuts to crack. 

It seems US President Trump and his administrative team aren’t able to resolve the above problems, despite his chest-thumping and assertion that he was a business genius and real estate tycoon before running for the White House. 

The US Congressional Budget Office stated that for fiscal year 2020, which ended September 30, the federal deficit hit $3.13 trillion, thanks to the gap between what the country spent ($6.55 trillion) and what it took in taxes ($3.42 trillion) for the year. The US federal deficits have now already exceeded the size of the US economy, coming in at roughly 103 percent of GDP. 

Beginning this spring, the US government spent more than $4 trillion to help stem the economic pain on American workers and companies, which were caused by sudden and widespread business shutdowns. 

In the coming years, US federal spending is almost certain to outpace revenue as the heavily indebted country will have to invest in bailouts of failing enterprises and employers struggling in the pandemic fallout, on social welfare and education, and on defense and American troops in order to maintain its position as a military superpower. But interest payments on federal debts alone are expected to consume an ever-growing

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Ex-Chinese Government Official Was In Charge Of TikTok’s Content Moderation Policies, Report Says

Topline

A former Chinese government official was in charge of making decisions on what content should be allowed on TikTok, the Financial Times reported in a development that raises questions about the company’s previous claim that the Chinese government had no influence over its operations.

Key Facts

Cai Zheng, who worked at the Chinese Embassy in Tehran from 2013 to 2018, ran the global content policy team at TikTok’s Beijing-based parent ByteDance until earlier this year when the company moved to allow local operations in its biggest countries to make content removal decisions themselves.

According to a now-altered LinkedIn profile, Cai joined ByteDance in 2018, when the company was under scrutiny from the Chinese government over content shared on the company’s news aggregator app Jinri Toutiao.

Cai worked with ByteDance’s global trust and safety team in Beijing to form guidelines on what content was acceptable on TikTok and the company’s other international apps including Helo and Vigo Video, according to the FT report.

During Cai’s stint, TikTok was accused of removing videos critical of the Chinese government including banning an American teenager who used makeup tutorials to inform her viewers about the mass imprisonment of Uighur Muslims in China’s Xinjiang region.

The Trump administration has called TikTok a security threat, repeatedly accusing the app of being influenced by the Chinese government, an allegation that TikTok and ByteDance have denied.

Crucial Quote

TikTok told FT that “Cai Zheng was not involved in developing the policies,” and these content policies predated him. “He worked with our growing regional and local teams on localisation of our early content policies,” the company added. Forbes has reached out to TikTok for a comment.

Key Background

Following the threat of a ban in the U.S., last month, TikTok announced that  Oracle and Walmart have agreed to acquire a 20% stake in TikTok’s global business as part of a pre-IPO financing round. As part of this deal, Oracle agreed to acquire 12.5% of the video-sharing platform, while Walmart agreed to hold a 7.5% stake. This deal, which initially had Trump’s “blessing”, was thrown into peril after ByteDance claimed that it would still retain control of TikTok while Oracle and Walmart will serve as minority partners. Both Trump and Oracle then pushed back against this claim with the president stating that he won’t allow the deal unless TikTok’s operations are “ totally controlled” by a U.S. entity like Oracle. Since then, Treasury Secretary Steven Mnuchin has said that TikTok must meet all U.S. security requirements in any deal it makes with Oracle — which will include storing code in the U.S. — or it will be forced to shut down. The Trump administration had ordered the removal of the app from smartphone app stores but the move was put on hold by a judge, who ruled in favor of TikTok, stating that Trump’s TikTok ban likely overstepped

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Pope Says Free Market, ‘Trickle-Down’ Policies Fail Society | World News

VATICAN CITY (Reuters) – Pope Francis said on Sunday that the COVID-19 pandemic was the latest crisis to prove that market forces alone and “trickle-down” economic policies had failed to produce the social benefits their proponents claim.

In an encyclical on the theme of human fraternity, Francis also said private property cannot be considered an absolute right in all cases where some lived extravagantly while others had nothing.

Called “Fratelli Tutti” (Brothers All), the encyclical’s title prompted criticism for not using inclusive language after it was announced last month.

In Italian, Fratelli means brothers but it is also used to mean brothers and sisters. The Vatican said it was taken from the “Admonitions”, or guidelines, written by St Francis of Assisi in the 13th century to his followers and could not be changed.

The pope says in the first line of the 86-page encyclical that St. Francis had “addressed his brothers and sisters” that way. In the document, he uses the term “men and women” 15 times and speaks several times about defending the rights and dignity of women.

Encyclicals are the most authoritative form of papal writing but they are not infallible.

The encyclical, which Francis signed in Assisi on Saturday, covers topics such as fraternity, immigration, the rich-poor gap, economic and social injustices, healthcare imbalances and the widening political polarisation in many countries.

The pope took direct aim at trickle-down economics, the theory favoured by conservatives that tax breaks and other incentives for big business and the wealthy eventually will benefit the rest of society through investment and job creation.

“There were those who would have had us believe that freedom of the market was sufficient to keep everything secure (after the pandemic hit),” he wrote.

Francis denounced “this dogma of neo-liberal faith” that resorts to “the magic theories of ‘spillover’ or ‘trickle’ … as the only solution to societal problems”. A good economic policy, he said, “makes it possible for jobs to be created and not cut”.

The 2007-2008 financial crisis was a missed opportunity for change, instead producing “increased freedom for the truly powerful, who always find a way to escape unscathed”. Society must confront “the destructive effects of the empire of money”.

Francis repeated past calls for redistribution of wealth to help the poorest and for fairer access to natural resources by all.

“The right to private property can only be considered a secondary natural right, derived from the principle of the universal destination of created goods,” he said.

A Vatican official said the pope was referring to those with massive wealth.

The pope wrote that the belief of early Christians – “that if one person lacks what is necessary to live with dignity, it is because another person is detaining it” – was still valid.

Those with much must “administer it for the good of all” and rich nations are obliged to share wealth with poor ones. But he said he was “certainly not proposing an authoritarian and abstract universalism”.

Some ultra-traditionalist Catholics have

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Pope says free market, trickle-down policies have failed society – Newspaper

VATICAN CITY: Pope Francis said on Sunday that the Covid-19 pandemic was the latest crisis to prove that market forces alone and “trickle-down” economic policies had failed to produce the social benefits their proponents claim.

In an encyclical on the theme of human fraternity, Pope Francis also said private property cannot be considered an absolute right in all cases where some lived extravagantly while others had nothing.

Called “Fratelli Tutti” (Brothers All), the encyclical’s title prompted criticism for not using inclusive language after it was announced last month.

In Italian, Fratelli means brothers but it is also used to mean brothers and sisters. The Vatican said it was taken from the “Admonitions”, or guidelines, written by St Francis of Assisi in the 13th century to his followers and could not be changed.

The pope says in the first line of the 86-page encyclical that St. Francis had “addressed his brothers and sisters” that way. In the document, he uses the term “men and women” 15 times and speaks several times about defending the rights and dignity of women.

Encyclicals are the most authoritative form of papal writing but they are not infallible.

The encyclical, which Pope Francis signed in Assisi on Saturday, covers topics such as fraternity, immigration, the rich-poor gap, economic and social injustices, healthcare imbalances and the widening political polarisation in many countries.

The pope took direct aim at trickle-down economics, the theory favoured by conservatives that tax breaks and other incentives for big business and the wealthy eventually will benefit the rest of society through investment and job creation.

“There were those who would have had us believe that freedom of the market was sufficient to keep everything secure (after the pandemic hit),” he wrote.

Pope Francis denounced “this dogma of neo-liberal faith” that resorts to “the magic theories of ‘spillover’ or ‘trickle’ … as the only solution to societal problems”. A good economic policy, he said, “makes it possible for jobs to be created and not cut”.

The 2007-2008 financial crisis was a missed opportunity for change, instead producing “increased freedom for the truly powerful, who always find a way to escape unscathed”. Society must confront “the destructive effects of the empire of money”.

Pope Francis repeated past calls for redistribution of wealth to help the poorest and for fairer access to natural resources by all.

“The right to private property can only be considered a secondary natural right, derived from the principle of the universal destination of created goods,” he said.

A Vatican official said the pope was referring to those with massive wealth.

The pope wrote that the belief of early Christians — “that if one person lacks what is necessary to live with dignity, it is because another person is detaining it” — was still valid.

Those with much must “administer it for the good of all” and rich nations are obliged to share wealth with poor ones. But he said he was “certainly not proposing an authoritarian and abstract universalism”.

Some ultra-traditionalist

Continue reading

Pope Francis says free market, ‘trickle-down’ policies fail society

Pope Francis waves after delivering the Angelus prayer from his window on the day of the release of his new encyclical, titled ‘Fratelli Tutti’ (Brothers All), at St. Peter’s Square at the Vatican, October 4, 2020.

REMO CASILLI/Reuters

Pope Francis said on Sunday that the COVID-19 pandemic was the latest crisis to prove that market forces alone and “trickle-down” economic policies had failed to produce the social benefits their proponents claim.

In an encyclical on the theme of human fraternity, Francis also said private property cannot be considered an absolute right in all cases where some lived extravagantly while others had nothing.

Called “Fratelli Tutti” (Brothers All), the encyclical’s title prompted criticism for not using inclusive language after it was announced last month.

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In Italian, Fratelli means brothers but it is also used to mean brothers and sisters. The Vatican said it was taken from the “Admonitions”, or guidelines, written by St Francis of Assisi in the 13th century to his followers and could not be changed.

The pope says in the first line of the 86-page encyclical that St. Francis had “addressed his brothers and sisters” that way. In the document, he uses the term “men and women” 15 times and speaks several times about defending the rights and dignity of women.

Encyclicals are the most authoritative form of papal writing but they are not infallible.

The encyclical, which Francis signed in Assisi on Saturday, covers topics such as fraternity, immigration, the rich-poor gap, economic and social injustices, health care imbalances and the widening political polarization in many countries.

The pope took direct aim at trickle-down economics, the theory favoured by conservatives that tax breaks and other incentives for big business and the wealthy eventually will benefit the rest of society through investment and job creation.

“There were those who would have had us believe that freedom of the market was sufficient to keep everything secure (after the pandemic hit),” he wrote.

Francis denounced “this dogma of neo-liberal faith” that resorts to “the magic theories of ‘spillover’ or ‘trickle’ … as the only solution to societal problems”. A good economic policy, he said, “makes it possible for jobs to be created and not cut”.

Story continues below advertisement

‘EMPIRE OF MONEY’

The 2007-2008 financial crisis was a missed opportunity for change, instead producing “increased freedom for the truly powerful, who always find a way to escape unscathed”. Society must confront “the destructive effects of the empire of money”.

Francis repeated past calls for redistribution of wealth to help the poorest and for fairer access to natural resources by all.

“The right to private property can only be considered a secondary natural right, derived from the principle of the universal destination of created goods,” he said.

A Vatican official said the pope was referring to those with massive wealth.

The pope wrote that the belief of early Christians – “that if one person lacks what is necessary to live with dignity, it is because another person

Continue reading

Pope says free market, ‘trickle-down’ policies fail society

VATICAN CITY (Reuters) – Pope Francis said on Sunday that the COVID-19 pandemic was the latest crisis to prove that market forces alone and “trickle-down” economic policies had failed to produce the social benefits their proponents claim.

Pope Francis delivers the Angelus prayer from his window on the day of the release of his new encyclical, titled “Fratelli Tutti” (Brothers All), at St. Peter’s Square at the Vatican, October 4, 2020. REUTERS/Remo Casilli

In an encyclical on the theme of human fraternity, Francis also said private property cannot be considered an absolute right in all cases where some lived extravagantly while others had nothing.

Called “Fratelli Tutti” (Brothers All), the encyclical’s title prompted criticism for not using inclusive language after it was announced last month.

In Italian, Fratelli means brothers but it is also used to mean brothers and sisters. The Vatican said it was taken from the “Admonitions”, or guidelines, written by St Francis of Assisi in the 13th century to his followers and could not be changed.

The pope says in the first line of the 86-page encyclical that St. Francis had “addressed his brothers and sisters” that way. In the document, he uses the term “men and women” 15 times and speaks several times about defending the rights and dignity of women.

Encyclicals are the most authoritative form of papal writing but they are not infallible.

The encyclical, which Francis signed in Assisi on Saturday, covers topics such as fraternity, immigration, the rich-poor gap, economic and social injustices, healthcare imbalances and the widening political polarisation in many countries.

The pope took direct aim at trickle-down economics, the theory favoured by conservatives that tax breaks and other incentives for big business and the wealthy eventually will benefit the rest of society through investment and job creation.

“There were those who would have had us believe that freedom of the market was sufficient to keep everything secure (after the pandemic hit),” he wrote.

Francis denounced “this dogma of neo-liberal faith” that resorts to “the magic theories of ‘spillover’ or ‘trickle’ … as the only solution to societal problems”. A good economic policy, he said, “makes it possible for jobs to be created and not cut”.

‘EMPIRE OF MONEY’

The 2007-2008 financial crisis was a missed opportunity for change, instead producing “increased freedom for the truly powerful, who always find a way to escape unscathed”. Society must confront “the destructive effects of the empire of money”.

Francis repeated past calls for redistribution of wealth to help the poorest and for fairer access to natural resources by all.

“The right to private property can only be considered a secondary natural right, derived from the principle of the universal destination of created goods,” he said.

A Vatican official said the pope was referring to those with massive wealth.

The pope wrote that the belief of early Christians – “that if one person lacks what is necessary to live with dignity, it is because another person is detaining it” – was still valid.

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The Impact Of Government Insurance policies On The Society

Political science has a relationship within the research of law. I was reminded of the too-good-to-be-true advantages congress members receive lately in feedback left on a few my articles (hubs). It has come to my consideration lately that a lot of people have differing perspective on the type of government that the United States was based below.

One thing else that may be of curiosity – some members of Congress who served as state legislators earlier than being elected to the U.S. Congress will receive a pension from both the state they characterize and from the federal government too. Strict gun management was German law when he took over, and he relaxed the legal guidelines for most citizens.

A no party election would really give the power again to the folks. It accentuated social polarisation by excluding the poor and ‘middling-type’ from government and it consolidated energy within the palms of these more than likely to conform to the calls for of the Crown.

The main points of the division of powers differ below completely different federal constitutions, yet the attribute is in every single place present. Many people are persuaded into believing that the CFR together with other tax-exempt organizations, truly are a Secret Government that sets most of the main policies of the Federal Government.

Globalization created low cost labor in different nations , primarily utilizing children and in some nations the government forced people to work for these American corporations. The House of Commons, has a speaker just like the Home of Representatives, that speaker often some type of non-partisan presiding officer, elected by members of the social gathering that’s in energy.…

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The Influence Of Government Policies On The Society

Political science has a relationship in the examine of legislation. Individuals argue that Hitler supported gun management as a result of the folks of the nations he conquered were required to show in guns. Though individuals of Jewish heritage weren’t allowed to personal weapons, that is the solely gun-control Hitler enacted. America has been led by the Republican and Democratic partys-by conservatives and liberals- over this identical period of time and right here we’re in 2009 with a few of the most power-hungry and smug individuals I’ve ever seen in workplace.

Precise Translation – ‘The government goes to take this over so we can control it and decide who will get what and the way a lot of it. We need to add more regulation and complicate it extra so only a bureaucrat can perceive it and you need an accountant or lawyer to figure it out.

And Guns or gun control had nothing or very little to do with it. The German folks had been attempting to rebuild from the ashes of WW1 with out assist from anyone else. The structure did put it simple that laws branch made the laws, the executive department carries out the legal guidelines and the judicial branch interprets the legal guidelines (State Legislation, 2019).

The Nazis focus of on propaganda that made the common German citizen assume if the Nazi get together came to energy there can be one thing for everyone (apart from these peoples the Nazis demonized like Jews and Gypsies). By eliminating the impediment of resistance from the people, the company agenda to buy the government of the United States can proceed without interruption.

America, in current choices, have passed numerous laws, guidelines and court selections, for the purpose of defending firms, and limiting the rights of the person, to hunt recourse inside a courtroom of regulation. The revenue generated is utilized as budget or public expenditures in social and economic providers significantly the poor people in the community.…

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The Impact Of Government Insurance policies On The Society

Political science has a relationship within the research of law. I was reminded of the too-good-to-be-true advantages congress members receive lately in feedback left on a few my articles (hubs). It has come to my consideration lately that a lot of people have differing perspective on the type of government that the United States was based below.

One thing else that may be of curiosity – some members of Congress who served as state legislators earlier than being elected to the U.S. Congress will receive a pension from both the state they characterize and from the federal government too. Strict gun management was German law when he took over, and he relaxed the legal guidelines for most citizens.

A no party election would really give the power again to the folks. It accentuated social polarisation by excluding the poor and ‘middling-type’ from government and it consolidated energy within the palms of these more than likely to conform to the calls for of the Crown.

The main points of the division of powers differ below completely different federal constitutions, yet the attribute is in every single place present. Many people are persuaded into believing that the CFR together with other tax-exempt organizations, truly are a Secret Government that sets most of the main policies of the Federal Government.

Globalization created low cost labor in different nations , primarily utilizing children and in some nations the government forced people to work for these American corporations. The House of Commons, has a speaker just like the Home of Representatives, that speaker often some type of non-partisan presiding officer, elected by members of the social gathering that’s in energy.…

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The Affect Of Government Policies On The Society

Political science has a relationship in the research of legislation. The manager department, President, may construe and discover unconstitutional the laws handed in Congress. This regulation revoked the 1919 ban on weapons. Obama did not need to use govt power to cross laws. With the courts stacked in favor of 1 political get together or the opposite the decimations of the regulation on authorized grounds change into tougher within the present setting than some other time in historical past.

Nevertheless, via conditions occurring on the time and the best way the Nazi occasion used propaganda, it was not vital for Hitler to illegally take power. The people have been duped and people controlling the FED chuckle away whereas Republicans and Democrats point the finger blaming one another for the state of the nation.

CaribeM— Thanks very much for taking the time to learn this Hub. Under the Articles of Confederation, the nationwide government was weak and had no cash or way of getting money by taxation. Iii)Every legislature in a federation is subordinate to and controlled by the constitution-The validity or unconstitutionality of its regulation relies upon upon whether or not these follow or violate the authority conferred upon it by the constitution.

A republican government is run by representatives chosen by the individuals, reasonably than by the individuals themselves. But was he able to commit mass genocide as a result of he was pro-gun control and disarmed the German individuals? Hence, the laws of the land spells out the facility ration.

The last word aim of this Invisible Government is to rework the United States into a Socialist State and then to merge the Nation right into a One World Government Socialist System. I urge each American to research and read the Agenda 21 Venture, this is towards what our ancestors fought for and wrote in the Structure, for us the American folks.…

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