Larry Summers, president emeritus and professor at Harvard University, at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 21, 2025. Stefan Wermuth | Bloomberg | Getty Images Miracle drug innovations — such as those that sparked the meteoric...
Breitbart Business Digest: Bidenflation’s Ghost Will Keep Haunting the American Economy
America may be just about done with Joe Biden, but the malevolent economic legacy of his presidency is not done with us.
The post Breitbart Business Digest: Bidenflation’s Ghost Will Keep Haunting the American Economy appeared first on Breitbart.
Trump tariffs on Canada could jeopardize oil and gas exports to U.S., says trade chief
President-elect Donald Trump's threatened tariffs could prompt Canada to pursue dollar-to-dollar retaliation or an export tax on oil and gas bound for the U.S.
Bessent Warns That Failure To Preserve Trump Tax Cuts Would Bring Economy To A ‘Sudden Stop’
"This is the single most important issue of the day," Bessent said.
The post Bessent Warns That Failure To Preserve Trump Tax Cuts Would Bring Economy To A ‘Sudden Stop’ appeared first on Breitbart.
Steve Witkoff: The real estate investor who sealed the Gaza ceasefire – Middle East Eye
Steve Witkoff: The real estate investor who sealed the Gaza ceasefire Middle East EyeInside the Gaza Deal: How a New York Real Estate Developer Took on Netanyahu and Hamas The Wall Street JournalTrump's Mideast Envoy Forced Netanyahu to Accept a Gaza Plan He Repeatedly Rejected - Israel News HaaretzArab officials: Trump envoy swayed Netanyahu more in one meeting than Biden did all year The Times of IsraelWho is Steve Witkoff, Trump’s envoy in the Gaza ceasefire talks? Al Jazeera English
Bank of America tops estimates on better-than-expected investment banking, interest income
The company said fourth-quarter profit more than doubled to $6.67 billion, or 82 cents per share, from a year earlier.
UK economy’s disappointing November growth fuels the case for Bank of England rate cut
The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics showed Thursday.
Citigroup swings to fourth-quarter profit, tops estimates on investment banking strength
The fourth-quarter report comes after a year where Citi's stock rose almost 37%, outperforming the S&P 500.
California Pastor Calls for New Leadership over L.A. Fires Crisis, Blames ‘Woke, Stupid Democrat Projects’
The time has come to “replace the leadership in California,” according to Pastor Jack Hibbs, who blamed a “Democrat supermajority” for exorbitant taxes, failed infrastructure, and poor handling of wildfires, slamming state officials for diverting resources to “woke, stupid Democrat projects,” and urging Californians to demand accountability.
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Incoming Congress’ first order of business: Win release of the Hamas hostages
After details of a new ceasefire-for-hostages deal was announced on Thursday, and with both sides seemingly trying to make last-minute improvements, it is imperative that the new Congress wield its power to ensure the freedom of all 98 hostages still being held by Hamas. The fact that the 118th Congress failed to secure the release of American citizens held for over a year in Hamas dungeons in Gaza will forever remain a stain on its record. The 119th session would do well to advocate for their release in actions and not just words. Our newly elected officials should wield the full power of both chambers to support President-elect Trump’s sentiments that there will be "hell to pay" if the hostages aren’t released by his inauguration and follow up with those that defy the demand of the president. 7 US HOSTAGES STILL HELD BY HAMAS TERRORISTS AS FAMILIES PLEAD FOR THEIR RELEASE: 'THIS IS URGENT'While the negotiations with Hamas flow mostly through the Oval Office, Congressional bodies such as the Foreign Affairs, Finance, Appropriations, and Judiciary committees, as well as individual House leaders, must play a more crucial role in demonstrating there is no daylight between the incoming administration and Congress on the topic of U.S. hostages.The Senate’s Foreign Affairs Committee will undoubtedly play a key role as the only committee with jurisdiction to deliberate and report on treaties submitted by the president to the Senate for consideration. The committee can directly summon ambassadors involved in the hostage negotiations such as those representing Qatar, Turkey, and Egypt, to demand to know why U.S. citizens are still being held hostage. It can also make direct correlation between countries actively seeking with the U.S. long-term strategic defense treaties as in the case of Saudi Arabia to actively supporting the release of American hostages.As for the Judiciary Committee, it has a critical role in providing oversight over the Department of Justice and the agencies under the department's jurisdiction, including the FBI and the Department of Homeland Security. Forty-seven U.S. citizens were killed by Hamas during the brutal Oct. 7, 2023 attack, and the judiciary should enforce indictments of those individuals accused of supporting the murder of Americans abroad who are being hosted by U.S. allies such as Turkey and Qatar. Furthermore, the committee should further expand the Anti-Terrorism Act, enabling families of victims to sue in a civil court commercial entities connected to these crimes. This would send a clear message: beware those that believe they can support terrorist activities unnoticed. It should also hold the Office of Foreign Assets Control (OFAC) accountable, demanding it puts timely and significant sanctions on entities supporting terrorist organizations.CEASE-FIRE BETWEEN ISRAEL AND HAMAS GETTING CLOSER AMID CONCERNS TERROR GROUP REARMING IN GAZAThe Senate Appropriations Committee also has a role to play as defined by the Constitution, which requires "appropriations made by law" as a condition for expenditures made by the U.S. Treasury. In other words: Follow the money. Countries seeking U.S. financial aid should be unreservedly respectful of U.S. demands, especially on the topic of unlawful detention of Americans. For example, in September, the committee approved $1.3 billion in aid to Egypt. Such aid should have been conditioned on Cairo destroying all tunnels leading from Egypt into Gaza, which were used to transfer the very weapons utilized to kill U.S. citizens and to take them hostage.The new Congress has a moral and legal obligation to ensure the return of the seven American hostages. What power does a global superpower have if it cannot even secure the release of its citizens from a floundering terror group? It must show its commitment in the "House of the People" via all of its political, financial, and judicial levers in order to help bring the American and all the other hostages home. By taking a more vigorous approach vis a vis countries and commercial entities that have a proven capability of influencing Hamas, the U.S. will demonstrate its commitment to its citizens and its unwillingness to tolerate terrorism and human rights abuses. As we and countless others watch and wait, hopeful for the return of our loved ones, it is imperative that the U.S. with the active support of Congress act decisively, and without delay. I have a dream that next week, when I attend President Trump’s inauguration, he will say he secured the release of all of the U.S. hostages, just like President Reagan did at his inauguration in 1981.
Gang violence in Haiti at record levels amid criticisms US has no ‘clear strategy’
Gang violence in Haiti has led to the displacement of more than 700,000 people, forcing them to flee their homes for safety. Critics fault U.S. strategy amid escalating unrest.
German economy contracts 0.2% in 2024 in second consecutive annual slowdown
The German economy contracted by 0.2% in 2024, in the second consecutive year of declines in the annual gross domestic product of Europe's largest economy.
Rand Paul: We Should Offer Trade Concessions to China to Get Them to Stop Aiding Russia
On Tuesday’s broadcast of NewsNation’s “The Hill,” Sen. Rand Paul (R-KY) argued that the U.S. should ask China “what is it that we can do to make trade better and to enhance your trade such that, maybe in exchange, we
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Mozambique’s Ex-Finance Minister Sentenced to Prison Over ‘Tuna Affair’ – The New York Times
Mozambique’s Ex-Finance Minister Sentenced to Prison Over ‘Tuna Affair’ The New York TimesEx-Mozambique Finance Minister Gets 8½ Years in Prison in Bribery Scheme The Wall Street JournalMozambique’s ex-finance minister gets another 2.5 years behind bars in ‘tuna bonds’ corruption case The Associated PressMozambique’s ex-finance minister faces sentencing in New York in ‘tuna bonds’ corruption case KFOR Oklahoma CityJust In: Mozambique ex-finance minister sentenced in US to 8-1/2 years in prison over 'tuna bonds' scandal Club of Mozambique
Trump and China’s Xi discuss TikTok, trade, fentanyl, president-elect says
Xi after the call said that he and Trump both expressed hope for greater progress in U.S.-China relations, Reuters reported, citing the Chinese state media.
Zuckerberg, other moguls say they’re backing off ESG and DEI but are they for real?
ESG seems to be coming unglued. But don’t be fooled. Many of the touted changes are superficial or cosmetic rather than indicative of a philosophical shift.
China’s population falls for a third straight year, posing challenges for its economy – NPR
China's population falls for a third straight year, posing challenges for its economy NPRChina Sees a Fresh Decline in Population, Despite a Rise in Births The Wall Street JournalChina Population Shrinks for Third Year Even With More Babies Born BloombergChina’s population falls for third year in a row as birthrate declines Al Jazeera EnglishChina benefits from ‘dragon year’ birth boost but population falls again Financial Times
Breitbart Business Digest: Bidenflation’s Ghost Will Keep Haunting the American Economy
America may be just about done with Joe Biden, but the malevolent economic legacy of his presidency is not done with us.
The post Breitbart Business Digest: Bidenflation’s Ghost Will Keep Haunting the American Economy appeared first on Breitbart.
Trump tariffs on Canada could jeopardize oil and gas exports to U.S., says trade chief
President-elect Donald Trump's threatened tariffs could prompt Canada to pursue dollar-to-dollar retaliation or an export tax on oil and gas bound for the U.S.
Bessent Warns That Failure To Preserve Trump Tax Cuts Would Bring Economy To A ‘Sudden Stop’
"This is the single most important issue of the day," Bessent said.
The post Bessent Warns That Failure To Preserve Trump Tax Cuts Would Bring Economy To A ‘Sudden Stop’ appeared first on Breitbart.
Steve Witkoff: The real estate investor who sealed the Gaza ceasefire – Middle East Eye
Steve Witkoff: The real estate investor who sealed the Gaza ceasefire Middle East EyeInside the Gaza Deal: How a New York Real Estate Developer Took on Netanyahu and Hamas The Wall Street JournalTrump's Mideast Envoy Forced Netanyahu to Accept a Gaza Plan He Repeatedly Rejected - Israel News HaaretzArab officials: Trump envoy swayed Netanyahu more in one meeting than Biden did all year The Times of IsraelWho is Steve Witkoff, Trump’s envoy in the Gaza ceasefire talks? Al Jazeera English
Bank of America tops estimates on better-than-expected investment banking, interest income
The company said fourth-quarter profit more than doubled to $6.67 billion, or 82 cents per share, from a year earlier.
UK economy’s disappointing November growth fuels the case for Bank of England rate cut
The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics showed Thursday.