Trump's closer is over, Clinton set to snag attention
KATHLEEN HENNESSEY and CALVIN WOODWARDJuly 22, 2016
ricky l12 seconds ago
Donald Trump say he will disregard FTA.
Free trade bring USD$18.6 trillion to US Economy every year.
Donald Trump want to kill the free trade of USA - and this will make USA poorer by USD$18.6 trillion to US Economy every year --- this will not make US great again.
It will make USA very poor.
ricky l22 seconds ago
And Donald Trump by disregarding FTA sign with many foreign Countries - will bring lawsuits against him in International Courts ---- causing dishonour to USA.
USA will not be great again under Donald Trump.
Donald Trump will disgrace USA ---- and USA will not be the major power in the World --- because foreign Countries will lose trust on Donald Trump.
USA under Donald Trump will lose trillions of dollars in trade, result in mass business bankruptcy, result in massive job loss for Americans and losing International friends worldwide.
Donald Trump will not make USA great again. In fact, Donald Trump will trigger a USAexit and break USA.
ricky l22 seconds ago
And Donald Trump will not make US more safe because with his anti-Muslim stance, Americans will become the target of attacks by Muslims - which in fact will trigger more attacks.
ricky l12 seconds ago
Under Donald Trump, there are already divisive split on the street, in almost all his campaign and in fact in his very own Republican Convention.
With Donald Trump, USA will not be safe, will not be great again - because there will be more civil unrest in USA with his divisive policies and he will make the World more divisive.
ricky l32 seconds ago
Look at what Donald Trump did to UK - where his vision encourage UK to do Brexit and say it will make UK great again.
But look at what he did to UK. Can American voters trust him with his vision?
After vote, UK economy shrinking at fastest pace since '09
Britain's economy is contracting at its steepest pace since early 2009 as a result of the vote to leave the European Union, a survey indicates
Associated Press
By Danica Kirka, Associated Press | Associated Press – 14 minutes ago
Share
Print
RELATED CONTENT
Britain's Chancellor of the Exchequer Philip Hammond attends the UK-China High Level Financial Services Roundtable at the Bank of China head office building in Beijing, China, Friday, July 22, 2016. (Damir Sagolj/Pool Photo via AP)View Photo
Britain's Chancellor of the Exchequer Philip Hammond attends the UK-China High Level Financial Services Roundtable at the Bank of China head office building …
LONDON (AP) -- Britain's economy is shrinking at its steepest pace since the the global financial crisis in early 2009 as a result of the vote to leave the European Union, a survey indicated Friday.
The so-called purchasing managers' index, a gauge of business activity conducted by IHS Markit, fell to 47.7 points in July from 52.4 in June. The figures are on a 100-point scale, with the 50 threshold separating growth from contraction.
The survey is one of the first official measures of how the economy responded to the vote, and is based on questionnaires sent to executives in over 600 companies between July 12 and 21.
"July saw a dramatic deterioration in the economy, with business activity slumping at the fastest rate since the height of the global financial crisis in early-2009," said Chris Williamson, chief economist at Markit. "The downturn, whether manifesting itself in order book cancellations, a lack of new orders or the postponement or halting of projects, was most commonly attributed in one way or another to 'Brexit.'"
A departure from the EU could mean companies based in Britain are cut off from the bloc's single market, which guarantees no tariffs on trade and the free movement of workers and money. The uncertainty over Britain's trade relations, which will take years to renegotiate, is causing companies to hold back investment and hiring or even to make cuts.
The weeks of political uncertainty, with the prime minister resigning after the vote and the main parties in disarray, also hurt confidence.
The Markit survey found that both business output and new orders fell in July for the first time since the end of 2012. Their drop from the previous month was the steepest in the survey's history.
The measure of service providers' optimism about the coming 12 months slumped to a seven-and-a-half year low. Manufacturers reported job cuts.
The report noted there wasn't an increase in business costs, which some are fearing as the plunge in the pound since the vote will make fuel, raw materials and imports more expensive. Those rises were offset in part by subdued wage inflation.
Michael Hewson, analyst at CMC Markets, said the survey findings were worse than expected.
"The big and important question now is whether this slowdown heralds a more permanent economic condition, or whether in the final days of July, we get a pickup in activity now that we have a more stable political environment and the Brexit fog has started to clear a little."
Britain's new Treasury chief, Philip Hammond, said he would be prepared to use the next budget update, called the Autumn Statement, to help the economy in the event of a downturn.
"We will have the opportunity with our Autumn Statements ... to reset fiscal policy if we deem it necessary to do so in light of the data that will emerge over the coming months," he said on a visit to Beijing ahead of a meeting of G-20 finance ministers in Chengdu.
The findings will cement expectations that the Bank of England will provide more monetary stimulus to the economy at its next meeting in August, experts say. The pound sharply fell on the prospect, to $1.3135 from $1.3280 earlier in the day.
The equivalent survey for the 19-country eurozone showed the currency bloc was resilient in the face of the uncertainties unleashed by U.K. vote.
Markit's index for the eurozone dropped to 52.9 points from 53.1 in June. While that was an 18-month low, the drop was relatively small and suggested continued economic growth of around 1.5 percent annually.
@YahooSG on Twitter
ricky l12 seconds ago
For those who vote Donald Trump - will be the same for those who vote Brexit ---- it will be USAexit ----- and Economy will plunge downwards like what UK is experiencing now.
Dump Trump - to make USA great again else USA will go break.
ricky l32 seconds ago
Look at the prophecy of the consequences of Brexit and now Donald Trump USAexit (from the FTA) ---- the outcome of the economic performance - is smacking right into Donald Trump face - and throughout his speeches he lean very close along the policies of Brexit.
-------
ricky l1 second ago
Britain make the wrong decision to do a Brexit - and now face the same consequences that it want to avoid and far worst - where all the privileges as a member is gone.
Britain geographically has to trade with EU in order to thrive. By leaving it, it will be isolated without a vast market.
Britain should just sugar quote and manage the adverse impact of the EU union instead of breaking up from it and do it alone.
The British Government should transfer the benefits to those citizens hurt by the EU union, creating jobs, give more tax break and other benefits - so that this group that is sidelined will support the Union and not throw spanner into it.
Reply
ricky l
ricky l1 second ago
Brexit now is a "lose-lose" outcome for Britain.
While if Britain stay with EU but manage and redistribute the benefits for those who lose out, Britain will achieve a "win-win" outcome.
ricky l1 second ago
Without free access to EU market, Britain will become a limbo state - as it need to negotiate with Countries all over the World from scratch - as all its agreement is done under the EU umbrella.
Now the "leave leaders" who campaign to leave will now have to answer to the British business how to move forward in this limbo state. And if British business fail or perform badly, lead to many job losses - how will this "leave leaders" answer to the British citizens ----- a big con job.
ricky l
ricky l1 second ago
And if British thinks that EU is going to give many benefits to Britain after it exit, Britain will be very wrong - because EU will not - so as not to let member Countries to follow Britain example.
Donald Trump has done "Britain in" - and the same as the "leave leaders" in Britain.
ricky l
ricky l1 second ago
Anyone who listen to Donald Trump and follow what Donald Trump - is as good as "committing suicide" - as he is the "merchant of death".
ricky l
ricky l1 second ago
The worst scenario Britain will face will be :-
(1) Banks and financial institutions will pull out and move into EU - and Britain will stop to become a financial hub. Already Moody, and other reputable rating has downgraded Britain status.
(2) Business will move out of Britain and move into EU - closer to the market - and British jobs will be lost.
(3) Talents will move out of Britain and move into EU.
Wonder what Donald Trump and the Britain leave leaders is going to answer for this.
Other EU members will have to be extremely mindful of the consequences facing them if they pull a fast one like Britain did - without knowing the full consequences of a Brexit.
ricky l
ricky l1 second ago
Well Donald Trump solution will be - file for a bankruptcy.
ricky l12 seconds ago
The above "ammo" will be very strong points ---- to defeat Donald Trump in the coming election.
Shock, condemnation after Trump questions NATO commitments
Matthew Lee, AP Diplomatic WriterJuly 22, 2016
View photos
Republican Presidential Candidate Donald Trump, walks out to the stage to greet Republican Vice Presidential Nominee Gov. Mike Pence of Indiana during the third day session of the Republican National Convention in Cleveland, Wednesday, July 20, 2016. (AP Photo/Carolyn Kaster)More
WASHINGTON (AP) -- Alarm and condemnation erupted Thursday from European capitals, the White House and leaders of Donald Trump's own party after the Republican presidential nominee suggested the United States might abandon its NATO military commitments if he were elected president.
Senate Republican leader Mitch McConnell, who backed Trump at the party's national convention only two days earlier, said he totally disagreed with the statement but was willing to "chalk it up to a rookie mistake."
McConnell called NATO "the most successful military alliance in the history of the world," in a Facebook interview with The New York Times.
In Brussels, NATO Secretary-General Jens Stoltenberg said the alliance agreement was crystal clear: "We defend each other."
"I will not interfere in the U.S. election campaign," Stoltenberg said. But he pointedly added, "Two world wars have shown that peace in Europe is also important for the security of the United States."
Secretary of State John Kerry reaffirmed the United States' commitment to NATO.
"This administration, like every single administration, Republican and Democrat alike since 1949, remains fully committed to the NATO alliance and to our security commitments under Article 5, which is absolutely bedrock to our membership and to our partnership with NATO."
Indeed, Trump's suggestion, in an interview with the Times, would upend decades of American foreign policy and rock the security structures that have underpinned European and global stability since the end of World War II.
Trump said in the Times interview that he would review allies' financial contributions — in this case, those from Estonia, Latvia and Lithuania — before acting under NATO's mutual defense clause, if any of the countries were attacked by Russia.
Various U.S. administrations have complained, often bitterly, that many NATO members do not foot their share of the alliance's bills.
The U.S. accounts for more than 70 percent of all NATO defense spending and only four other allies — Britain, Estonia, Greece and Poland — meet the minimum 2 percent of gross domestic product spending on defense that NATO requires.
Sen. Bob Corker, a Trump supporter and chairman of the Foreign Relations Committee, said that "many of us are becoming exasperated with the fact that the U.S. is playing such an outsized role in the protection of our NATO allies even though we greatly appreciate and respect the importance of the alliance itself."
But Trump's floating of the idea that the spending target would be a prerequisite for the U.S. to defend a NATO ally was an abrupt break from longstanding American policy.
Estonian President Toomas Hendrik Ilves tweeted that his country was one of the few to meet the minimum defense expenditure and noted pointedly that Estonia "fought, with no caveats" on behalf of the U.S. in Afghanistan.
The only time the treaty's mutual defense clause has been invoked was in 2002, when NATO surveillance planes patrolled American skies and deployed a third of the troops sent to Afghanistan for a decade. More than 1,000 non-American troops died in Afghanistan.
Ilves' fellow Eastern European leaders sought to calm the furor.
"Regardless of who will be the president of America, we will trust in America," Lithuanian President Dalia Grybauskaite told reporters in Vilnius.
Yet, people throughout Eastern Europe expressed deep concern. Fears of Russian aggression have run high since it annexed the Ukrainian region of Crimea.
"His words were irresponsible and they inspired fear in me. I'm worried about the world's future, about Poland's future," said 39-year-old schoolteacher Lidia Zagorowska in Warsaw, Poland.
"If I were a U.S. citizen, I would never, ever vote for Trump. Let that be my answer," said Katarzyna Woznicka, 54, walking her dog in downtown Warsaw.
Back in the United States, criticism, including some from Trump's fellow Republicans, was blistering.
"My hope is that if Donald is elected president, we can convince him to change his mind on it," said Sen. Marco Rubio, R-Fla., a former primary opponent who now supports Trump.
A bitter foe within Trump's own party, Sen. Lindsey Graham of South Carolina, said: "I'm 100 percent certain how Russian President (Vladimir) Putin feels - he's a very happy man."
Some Republicans opposed to Trump have indeed sought to cast him as pro-Putin, a position that would put him at odds with both Republican and Democratic foreign policy and also diverge from the current GOP party platform adopted at the convention.
Trump supporters succeeded in preventing a reference to arming Ukraine from getting into this year's platform, but the manifesto itself is demonstrably not pro-Russia. It accuses "current officials in the Kremlin" of eroding the "personal liberty and fundamental rights" of the Russian people."
"We will meet the return of Russian belligerence with the same resolve that led to the collapse of the Soviet Union," the Republican platform says. "We will not accept any territorial change in Eastern Europe imposed by force, in Ukraine, Georgia, or elsewhere, and will use all appropriate constitutional measures to bring to justice the practitioners of aggression and assassination."
___
Associated Press writers Vivian Salama in Washington; Erica Werner in Cleveland; John-Thor Dahlberg in Brussels; Liudas Dapkus in Vilnius, Lithuania; Jari Tanner in Tallinn, Estonia; Matti Huuhtanen in Helsinki; and Monika Scislowska in Warsaw contributed to this report.
No comments:
Post a Comment