Tag Archives: growing

The LA Times joined the growing group of major papers calling for Trump's impeachment

The LA Times joined the growing group of major papers calling for Trump's impeachmentSeveral major newspapers have publicly called for Trump's impeachment while criticizing his efforts to stonewall the impeachment inquiry.



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The LA Times joined the growing group of major papers calling for Trump's impeachment

The LA Times joined the growing group of major papers calling for Trump's impeachmentSeveral major newspapers have publicly called for Trump's impeachment while criticizing his efforts to stonewall the impeachment inquiry.



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India's Nuclear Arsenal Keeps Growing, And That's Bad News For Pakistan and China

India's Nuclear Arsenal Keeps Growing, And That's Bad News For Pakistan and ChinaIndia could be approaching 200 warheads.



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Lebanon Banks Told to Boost Capital to Ease Growing Pressure

Lebanon Banks Told to Boost Capital to Ease Growing Pressure(Bloomberg) — Lebanon’s central bank instructed local lenders to raise their capital by 20% by next June and refrain from distributing dividends for 2019 to boost their liquidity and prepare for possible downgrades in credit ratings.The Banque du Liban, as the central bank is known, said in a circular that banks should boost their high-quality capital known as Common Equity Tier 1 through cash injections by 10% by the end of this year and another 10% by June 30, 2020.Banks need to bulk up capital buffers in the face of economic and political turmoil sweeping Lebanon and the threat of further credit downgrades. The cost of insuring Lebanon’s debt against default has jumped about 75% this year, the most in the world after Argentina, and its Eurobonds have been among the worst performers this year.Thousands of protesters have been on the streets for weeks, demanding the resignation of a political class they say has pillaged state coffers to the verge of bankruptcy while leaving the public with failing services. The protests prompted the resignation last week of Prime Minister Saad Hariri. A replacement has yet to be named, raising concerns the country will be unable to implement measures needed to avert economic crisis.The central bank’s request comes nearly a week after Fitch Ratings downgraded two top Lebanese lenders, Bank Audi and Byblos Bank, to CCC-, the fourth-lowest rank and one level below the sovereign. Its so-called support rating for both is “No Floor,” meaning it believes the state’s “ability to support” banks “cannot be relied on given the low sovereign rating.” A further downgrade to Lebanon’s credit rating could lead to similar moves on the banks.‘Deposit Stability’“In our view deposit stability is now at greater risk as depositor confidence has also suffered,” Fitch said.Banks reopened last Friday after two weeks of closures due to protests that saw people block vital highways and roads. Banks tightened informal restrictions on money transfers that were in place prior to the unrest, in an effort to curtail possible capital flight.To keep its lenders stable and defend the dollar peg, Lebanon relies on inflows from millions of Lebanese living abroad. However, capital inflows needed to finance the large current account and fiscal deficits have slowed as confidence has dwindled, while outflows have gathered pace.Capital outflows reached $ 3 billion in the first nine months of the year and a recovery hinges on political stability and implementation of deep reforms to restore confidence, according to the Institute of International Finance economists including Garbis Iradian.Under PressureLast month, S&P Global Ratings placed Lebanon’s B- grade on negative watch saying “pressing societal demands and limitations on Lebanon’s institutional capacity to address them could further test depositor confidence and weigh on foreign exchange reserves.” Moody’s Investors Service — which rates Lebanon at Caa1 — has done the same.Capital flight in the first nine month of this year is estimated at about $ 3 billion, equivalent to 5% of gross domestic product, according to a report by Institute of International Finance economists including Garbis Iradian. The dollarization of deposits has grown to about 80%, they said.Lebanon’s “prospects for recovery of non-resident capital inflows hinge on achieving political stability — formation of a new government — and implementation of deep reforms, which would support confidence both at home and abroad,” they said.(Updates with central bank’s circular in second paragraph.)\–With assistance from Ben Holland.To contact the reporter on this story: Dana Khraiche in Beirut at dkhraiche@bloomberg.netTo contact the editors responsible for this story: Lin Noueihed at lnoueihed@bloomberg.net, Mark Williams, Paul AbelskyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.



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Border Patrol's growing presence at hospitals creates fear

Border Patrol's growing presence at hospitals creates fearAn armed Border Patrol agent roamed the hallways of an emergency room in Miami on a recent day as nurses wheeled stretchers and medical carts through the hospital and families waited for physicians to treat their loved ones. The agent in the olive-green uniform freely stepped in and out of the room where a woman was taken by ambulance after throwing up and fainting while being detained on an immigration violation, according to advocates who witnessed the scene. The presence of immigration authorities is becoming increasingly common at health care facilities around the country, and hospitals are struggling with where to draw the line to protect patients' rights amid rising immigration enforcement in the Trump administration.



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A growing number of Americans doubt that Jeffrey Epstein died by suicide. Here's a guide to the conspiracy theories about his death, and why they're not backed by evidence.

A growing number of Americans doubt that Jeffrey Epstein died by suicide. Here's a guide to the conspiracy theories about his death, and why they're not backed by evidence.Authorities have dismissed theories that Jeffrey Epstein was killed in his Manhattan jail cell while awaiting trial on sex-trafficking charges.



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Survey shows growing number of Millennials starting to care less about traditional American values

Survey shows growing number of Millennials starting to care less about traditional American valuesOver the last 21 years, the Wall Street Journal/NBC News conducted a survey asking millennials the importance of religion, patriotism and family.



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Tens of thousands rally in Moscow in growing election protest

Tens of thousands rally in Moscow in growing election protestTens of thousands of demonstrators took to the streets in Moscow Saturday to protest the refusal of authorities to allow a slate of independent candidates on the fall city council elections.



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Trump attacks black congressman for second day in a row amid growing anger over racist use of 'infested'

Trump attacks black congressman for second day in a row amid growing anger over racist use of 'infested'Donald Trump has attacked a senior Democratic congressman of colour for the second day in a row, after sparking backlash over claims Elijah Cummings represented a “rodent infested” district in tweets widely viewed as racist.The president continued his criticism of the Maryland Democrat Elijah Cummings on Sunday after tweeting that he “does NOTHING for his very poor, very dangerous and very badly run district” a day prior.He also attacked Nancy Pelosi and her San Francisco district on Sunday morning, while insinuating it was the House speaker with racial issues rather than the president himself, writing.It came amid mounting criticism of his attacks against a growing list of minority politicians. Many people noted how the president has often used the term “infested” to describe cities and entire countries with large black populations, including CNN anchor Victor Blackwell, who delivered a tearful defence of his hometown of Baltimore in response to the president’s attacks. “There are challenges, no doubt, but people are proud of their community,” he said, speaking of Mr Cummings’ hometown and the district he grew up in. “I don’t want to sound self-righteous, but people get up and go to work there. They care for their families there. They love their children who pledge allegiance to the flag just like people who live in districts of congressmen who support you, sir. They are Americans too.”The president’s incendiary tweets were just the latest in a weeks-long series of insults he has used against minority members of Congress. Mr Trump used an old, racist trope against freshmen Democrats Alexandria Ocasio-Cortez, Ayanna Pressley, Rashida Tlaib and Ilhan Omar just last week when he said to “go back” to their countries — despite all of them being US citizens and only one having been born outside of the country.> Why is so much money sent to the Elijah Cummings district when it is considered the worst run and most dangerous anywhere in the United States. No human being would want to live there. Where is all this money going? How much is stolen? Investigate this corrupt mess immediately!> > — Donald J. Trump (@realDonaldTrump) > > July 27, 2019This weekend, it was Mr Cummings turn. The president shared videos posted by other Twitter users alleging to show run-down portions of the congressman’s district, adding tweets that read, “why don’t you focus on your district?!” and “Cummings has done nothing but milk Baltimore dry”. Mr Trump said Mr Cummings was a “brutal bully shouting and screaming at the great men & women of Border Patrol about conditions at the Southern Border, when actually his Baltimore district is FAR WORSE and more dangerous".The criticism drew sharp, immediate backlash nationwide and on Capitol Hill, where Ms Pelosi described Mr Cummings as “a beloved leader in Baltimore” and a “deeply valued colleague”.“We all reject racist attacks against [Mr Cummings] and support his steadfast leadership,” she wrote, adding the hashtag ElijahCummingsIsAPatriot. Mr Trump, who was reportedly golfing on Sunday, also attacked Democrats over former Special Counsel Robert Mueller’s public testimony last week, writing: “The Democrats are still doing the Russians dirty work as they continue to push the fake crime”.The former special counsel described in detail the extent of Russian interference in the 2016 election, adding that the Kremlin was continuing its operations “as we sit here” and that Mr Trump was not cleared of obstruction of justice and other potentially criminal wrongdoings in the nearly 448-page report.



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Trump attacks black congressman for second day in a row amid growing anger over racist use of 'infested'

Trump attacks black congressman for second day in a row amid growing anger over racist use of 'infested'Donald Trump has attacked a senior Democratic congressman of colour for the second day in a row, after sparking backlash over claims Elijah Cummings represented a “rodent infested” district in tweets widely viewed as racist.The president continued his criticism of the Maryland Democrat Elijah Cummings on Sunday after tweeting that he “does NOTHING for his very poor, very dangerous and very badly run district” a day prior.He also attacked Nancy Pelosi and her San Francisco district on Sunday morning, while insinuating it was the House speaker with racial issues rather than the president himself, writing.It came amid mounting criticism of his attacks against a growing list of minority politicians. Many people noted how the president has often used the term “infested” to describe cities and entire countries with large black populations, including CNN anchor Victor Blackwell, who delivered a tearful defence of his hometown of Baltimore in response to the president’s attacks. “There are challenges, no doubt, but people are proud of their community,” he said, speaking of Mr Cummings’ hometown and the district he grew up in. “I don’t want to sound self-righteous, but people get up and go to work there. They care for their families there. They love their children who pledge allegiance to the flag just like people who live in districts of congressmen who support you, sir. They are Americans too.”The president’s incendiary tweets were just the latest in a weeks-long series of insults he has used against minority members of Congress. Mr Trump used an old, racist trope against freshmen Democrats Alexandria Ocasio-Cortez, Ayanna Pressley, Rashida Tlaib and Ilhan Omar just last week when he said to “go back” to their countries — despite all of them being US citizens and only one having been born outside of the country.> Why is so much money sent to the Elijah Cummings district when it is considered the worst run and most dangerous anywhere in the United States. No human being would want to live there. Where is all this money going? How much is stolen? Investigate this corrupt mess immediately!> > — Donald J. Trump (@realDonaldTrump) > > July 27, 2019This weekend, it was Mr Cummings turn. The president shared videos posted by other Twitter users alleging to show run-down portions of the congressman’s district, adding tweets that read, “why don’t you focus on your district?!” and “Cummings has done nothing but milk Baltimore dry”. Mr Trump said Mr Cummings was a “brutal bully shouting and screaming at the great men & women of Border Patrol about conditions at the Southern Border, when actually his Baltimore district is FAR WORSE and more dangerous".The criticism drew sharp, immediate backlash nationwide and on Capitol Hill, where Ms Pelosi described Mr Cummings as “a beloved leader in Baltimore” and a “deeply valued colleague”.“We all reject racist attacks against [Mr Cummings] and support his steadfast leadership,” she wrote, adding the hashtag ElijahCummingsIsAPatriot. Mr Trump, who was reportedly golfing on Sunday, also attacked Democrats over former Special Counsel Robert Mueller’s public testimony last week, writing: “The Democrats are still doing the Russians dirty work as they continue to push the fake crime”.The former special counsel described in detail the extent of Russian interference in the 2016 election, adding that the Kremlin was continuing its operations “as we sit here” and that Mr Trump was not cleared of obstruction of justice and other potentially criminal wrongdoings in the nearly 448-page report.



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