US can’t let China ‘push our companies and our people’ around, short seller Carson Block says

American companies need to take a stronger stand against the demands of the Chinese government and protect their principles, not profit, short seller Carson Block told CNBC on Friday. Block’s appearance on CNBC came one day after he published a fiery op-ed in the Financial Times, arguing that the NBA and other American companies need to “locate their spines quickly.” Second, he said he is not suggesting American companies completely remove themselves from China. To gain access to the Chinese mar


American companies need to take a stronger stand against the demands of the Chinese government and protect their principles, not profit, short seller Carson Block told CNBC on Friday.
Block’s appearance on CNBC came one day after he published a fiery op-ed in the Financial Times, arguing that the NBA and other American companies need to “locate their spines quickly.”
Second, he said he is not suggesting American companies completely remove themselves from China.
To gain access to the Chinese mar
US can’t let China ‘push our companies and our people’ around, short seller Carson Block says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-01  Authors: kevin stankiewicz
Keywords: news, cnbc, companies, short, taiwan, china, carson, seller, need, investment, cant, airlines, let, american, companies, problem, push, block, chinese


US can't let China 'push our companies and our people' around, short seller Carson Block says

American companies need to take a stronger stand against the demands of the Chinese government and protect their principles, not profit, short seller Carson Block told CNBC on Friday.

“We need to stop letting the Chinese government push our companies and our people around,” the founder and CIO of Muddy Waters Research said on “Power Lunch.”

Block’s appearance on CNBC came one day after he published a fiery op-ed in the Financial Times, arguing that the NBA and other American companies need to “locate their spines quickly.”

If that doesn’t happen, Block wrote, “we will find that the west’s four decades of engagement with China have provided an autocratic despot with the understanding and resources to make the world less free.”

The financial relationship the NBA and other American businesses have forged with China has been under the microscope for the last month, after Houston Rockets GM Daryl Morey’s tweet in support of Hong Kong protesters ignited a fierce backlash from the Chinese government.

In the days that followed, Apple, facing criticism from Beijing, removed from its app store an app that allowed protesters to track police, saying it violated rules because it was used to ambush police. But some viewed it as the latest example of tech companies giving into requests of the Chinese Communist Party.

Block said his criticism comes with two qualifiers. First, he said he’s referring to the actions of the government, not the Chinese people as a whole. Second, he said he is not suggesting American companies completely remove themselves from China.

“What I’m arguing for is that they should avoid being so dependent on China that China has this leverage to create this ridiculous situation where the Chinese government is attempting to censor a U.S. citizen in America,” he said.

“That is unacceptable, if you let yourself become so leveraged to the China market that you would play along with that.”

U.S. airlines and Hollywood also have played along with it, Block contended. He pointed to the decision by some airlines to minimize references to Taiwan, instead listing it as Taipei on their websites as an example.

The Chinese government has long demanded that foreign companies, especially airlines, not refer to Taiwan as its own country. The White House has characterized China’s requests as “Orwellian nonsense.”

“I definitely get grossed out when I think about these airlines who refuse to call it Taiwan anymore because China told them to,” said Block, who also has been critical of the behavior of Chinese aluminum firms.

Block said he is not advocating for American consumers to stop buying products made in China “because this is not a problem with the Chinese people,” he said.

“This is a problem with the government and our companies giving it too much slack,” he said.

To gain access to the Chinese market, American companies often have to form joint ventures, in which they take minority stake. Critics say this policy can lead to intellectual property theft. China denies this.

The compromise of having to form a joint venture to do business in China isn’t inherently bad, Block said.

“But the compromises that they must not make are the compromises that extend beyond the territorial borders of the [People’s Republic of China],” Block said.

China’s investment in Hollywood illustrates the consequences of doing so, Block said, contending that it’s led to some moviemakers being hesitant to portray the country in “anything but the most positive light possible.”

“To me, that’s a real problem,” he said. “When we’re getting extraterritorial application of Chinese censorship, that is where companies must draw the line. If that means you don’t take the investment in your film production company from China, then don’t take that investment. That’s principled.”


Company: cnbc, Activity: cnbc, Date: 2019-11-01  Authors: kevin stankiewicz
Keywords: news, cnbc, companies, short, taiwan, china, carson, seller, need, investment, cant, airlines, let, american, companies, problem, push, block, chinese


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Federal appeals court rejects Trump’s bid to block House subpoena for his tax returns

A federal appeals court in a split ruling Friday rejected President Donald Trump’s bid to block a House committee subpoena for his income tax returns. A federal judge had denied Trump’s effort to block the subpoena. Circuit Court of Appeals for the District of ColumbiaThat appeals court, in a 2-1 decision, upheld the lower court’s ruling on Friday. The dissent came from Judge Neomi Rao, who was appointed by Trump to that the DC appeals court. The ruling does not mean that Trump’s tax returns wil


A federal appeals court in a split ruling Friday rejected President Donald Trump’s bid to block a House committee subpoena for his income tax returns. A federal judge had denied Trump’s effort to block the subpoena. Circuit Court of Appeals for the District of ColumbiaThat appeals court, in a 2-1 decision, upheld the lower court’s ruling on Friday. The dissent came from Judge Neomi Rao, who was appointed by Trump to that the DC appeals court. The ruling does not mean that Trump’s tax returns wil
Federal appeals court rejects Trump’s bid to block House subpoena for his tax returns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: dan mangan
Keywords: news, cnbc, companies, house, block, bid, subpoena, appeals, rehearing, judge, court, trumps, tax, federal, ruling, trump, returns, rejects


Federal appeals court rejects Trump's bid to block House subpoena for his tax returns

President Donald Trump speaks to reporters as he departs for travel to Minnesota from the South Lawn of the White House in Washington, U.S. October 10, 2019.

A federal appeals court in a split ruling Friday rejected President Donald Trump’s bid to block a House committee subpoena for his income tax returns.

The subpoena was issued earlier this year to Trump’s accountants at Mazars USA by the Democrat-controlled House Committee on Oversight and Reform for his tax returns.

A federal judge had denied Trump’s effort to block the subpoena.

Trump then appealed that ruling to the U.S. Circuit Court of Appeals for the District of Columbia

That appeals court, in a 2-1 decision, upheld the lower court’s ruling on Friday.

The dissent came from Judge Neomi Rao, who was appointed by Trump to that the DC appeals court.

The ruling does not mean that Trump’s tax returns will immediately be released to the House committee.

The appeals panel ordered that the effect of the ruling be put on hold until seven days after the disposition of a petition for a rehearing of the case by either the same panel or for a rehearing of the case by the entire lineup of judges in the 2nd Circuit.

In addition to seeking a rehearing of the case at the D.C. Circuit Trump can ask the U.S. Supreme Court to take his appeal.

Neal Katyal, a former acting U.S. Solicitor General — the lawyer who argues for the federal government at the Supreme Corut — said on Twitter that Trump could have a tough time getting the high court to overturn the decision given the fact that a federal judge and a highly respected appeals court have both ruled for the House.


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: dan mangan
Keywords: news, cnbc, companies, house, block, bid, subpoena, appeals, rehearing, judge, court, trumps, tax, federal, ruling, trump, returns, rejects


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White House deliberates block on all US investments in China

The White House is weighing some curbs on U.S. investments in China, a source familiar with the matter told CNBC. This discussion includes possibly blocking all U.S. financial investments in Chinese companies, the source said. Restricting financial investments in Chinese entities would be meant to protect U.S. investors from excessive risk due to lack of regulatory supervision, the source said. Shares of Alibaba, Baidu and other Chinese companies plunged following the news. The White House decli


The White House is weighing some curbs on U.S. investments in China, a source familiar with the matter told CNBC. This discussion includes possibly blocking all U.S. financial investments in Chinese companies, the source said. Restricting financial investments in Chinese entities would be meant to protect U.S. investors from excessive risk due to lack of regulatory supervision, the source said. Shares of Alibaba, Baidu and other Chinese companies plunged following the news. The White House decli
White House deliberates block on all US investments in China Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-27  Authors: eamon javers yun li, eamon javers, yun li
Keywords: news, cnbc, companies, white, block, china, companies, financial, house, investments, deliberates, chinese, come, investors, source


White House deliberates block on all US investments in China

The White House is weighing some curbs on U.S. investments in China, a source familiar with the matter told CNBC. This discussion includes possibly blocking all U.S. financial investments in Chinese companies, the source said.

It’s in the preliminary stages and nothing has been decided, the source said. There’s also no time frame for their implementation, the source added.

Restricting financial investments in Chinese entities would be meant to protect U.S. investors from excessive risk due to lack of regulatory supervision, the source said.

The deliberations come as the U.S. looks for additional levers of influence in trade talks, which resume on Oct. 10 in Washington. Both countries slapped tariffs on billions of dollars worth of each other’s goods. The discussions also come as the Chinese government is taking steps to increase foreign access to its markets.

Bloomberg News first reported earlier on Friday that Trump administration officials are considering ways to limit U.S. investors’ portfolio flows into China, including delisting Chinese companies from American stock exchanges and preventing U.S. government pension funds from investing in the Chinese market.

Shares of Alibaba, Baidu and other Chinese companies plunged following the news. China’s yuan weakened to 7.15 against the dollar on the report.

The White House declined to comment.


Company: cnbc, Activity: cnbc, Date: 2019-09-27  Authors: eamon javers yun li, eamon javers, yun li
Keywords: news, cnbc, companies, white, block, china, companies, financial, house, investments, deliberates, chinese, come, investors, source


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House votes to block Trump’s national emergency over the border, setting up another veto

Rent the Runway stops taking new customers as inventory and… Rent the Runway isn’t accepting any new subscribers or new event rentals at least until Oct. 15, as the clothing platform runs into a slew of inventory and supply chain…Retailread more


Rent the Runway stops taking new customers as inventory and… Rent the Runway isn’t accepting any new subscribers or new event rentals at least until Oct. 15, as the clothing platform runs into a slew of inventory and supply chain…Retailread more
House votes to block Trump’s national emergency over the border, setting up another veto Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-27  Authors: jacob pramuk
Keywords: news, cnbc, companies, runway, veto, supply, stops, rent, emergency, block, trumps, border, runs, inventory, setting, national, taking, house, votes, slew, rentals, subscribers


House votes to block Trump's national emergency over the border, setting up another veto

Rent the Runway stops taking new customers as inventory and…

Rent the Runway isn’t accepting any new subscribers or new event rentals at least until Oct. 15, as the clothing platform runs into a slew of inventory and supply chain…

Retail

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Company: cnbc, Activity: cnbc, Date: 2019-09-27  Authors: jacob pramuk
Keywords: news, cnbc, companies, runway, veto, supply, stops, rent, emergency, block, trumps, border, runs, inventory, setting, national, taking, house, votes, slew, rentals, subscribers


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Senate votes again to block Trump’s national emergency over the border but fails to get veto-proof majority

President Donald Trump speaks during his visit to a section of the U.S.-Mexico border wall in Otay Mesa, California, September 18, 2019. The Senate voted Wednesday to block President Donald Trump’s national emergency declaration over the southern border for the second time. Earlier this year, 12 GOP senators voted with Democrats. Democrats forced the latest vote in part to put pressure on GOP senators who backed Trump’s declaration earlier this year. All three opposed the resolution to end the e


President Donald Trump speaks during his visit to a section of the U.S.-Mexico border wall in Otay Mesa, California, September 18, 2019. The Senate voted Wednesday to block President Donald Trump’s national emergency declaration over the southern border for the second time. Earlier this year, 12 GOP senators voted with Democrats. Democrats forced the latest vote in part to put pressure on GOP senators who backed Trump’s declaration earlier this year. All three opposed the resolution to end the e
Senate votes again to block Trump’s national emergency over the border but fails to get veto-proof majority Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-25  Authors: jacob pramuk
Keywords: news, cnbc, companies, majority, pull, vetoproof, votes, declaration, national, block, trumps, vote, senate, border, wall, emergency, gop, million, senators, fails, voted


Senate votes again to block Trump's national emergency over the border but fails to get veto-proof majority

President Donald Trump speaks during his visit to a section of the U.S.-Mexico border wall in Otay Mesa, California, September 18, 2019.

The Senate voted Wednesday to block President Donald Trump’s national emergency declaration over the southern border for the second time.

Still, the Republican-held chamber fell short of the two-thirds majority needed to overcome the president’s likely veto of the measure. The Senate voted 54-41 to terminate the emergency, as 11 Republicans joined Democrats in supporting the resolution. Earlier this year, 12 GOP senators voted with Democrats. Sen. Marco Rubio, R-Fla., supported the measure in March but did not vote Wednesday.

Democrats forced the latest vote in part to put pressure on GOP senators who backed Trump’s declaration earlier this year. The Pentagon this month outlined the military construction projects from which it would divert $3.6 billion to building border barriers.

Trump declared an emergency in February in order to allocate money for his proposed border wall after he failed to get his desired funds from Congress, which has the power of the purse. He also could not get the Mexican government to pay for the project, despite his repeated promises to do so during his 2016 presidential campaign.

Lawmakers voted to terminate the emergency in March but did not have enough support to override the president’s veto. By law, Congress can try to block the declaration every six months.

The Trump administration will pull its biggest pieces of funding from two U.S. territories: $403 million and $257 million from Puerto Rico and Guam, respectively. But it will still pull significant sums from states represented by GOP senators vulnerable in the 2020 elections.

They include Sens. Cory Gardner of Colorado, Martha McSally of Arizona and Thom Tillis of North Carolina. All three opposed the resolution to end the emergency declaration during Wednesday’s vote and in March.

The administration will pull $30 million from Fort Huachuca in Arizona. It will also draw $8 million from Peterson Air Force Base in Colorado and $80 million from three sites in North Carolina (though $32 million of that total was previously canceled).


Company: cnbc, Activity: cnbc, Date: 2019-09-25  Authors: jacob pramuk
Keywords: news, cnbc, companies, majority, pull, vetoproof, votes, declaration, national, block, trumps, vote, senate, border, wall, emergency, gop, million, senators, fails, voted


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Senate Democrats will force another vote to end Trump’s border emergency declaration

Senate Democrats will force another vote to block President Donald Trump’s national emergency declaration as the White House faces backlash for funneling military money toward the president’s border wall. “The recourse for such a brazen power grab should be an overwhelming bipartisan vote in the Congress to terminate the emergency declaration and reassert our constitutional authority,” the New York Democrat said. The chamber already voted to block the emergency declaration over migration at the


Senate Democrats will force another vote to block President Donald Trump’s national emergency declaration as the White House faces backlash for funneling military money toward the president’s border wall. “The recourse for such a brazen power grab should be an overwhelming bipartisan vote in the Congress to terminate the emergency declaration and reassert our constitutional authority,” the New York Democrat said. The chamber already voted to block the emergency declaration over migration at the
Senate Democrats will force another vote to end Trump’s border emergency declaration Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: jacob pramuk
Keywords: news, cnbc, companies, senate, presidents, vote, force, declaration, schumer, democrats, end, money, block, trump, border, emergency, trumps


Senate Democrats will force another vote to end Trump's border emergency declaration

Senate Democrats will force another vote to block President Donald Trump’s national emergency declaration as the White House faces backlash for funneling military money toward the president’s border wall.

Senate Minority Leader Chuck Schumer announced the move Tuesday as he called Trump’s action “an outrageous power grab by a president who refuses to accept the constitutional separation of powers.” In remarks on the Senate floor, he said he expects a vote within the next month.

“The recourse for such a brazen power grab should be an overwhelming bipartisan vote in the Congress to terminate the emergency declaration and reassert our constitutional authority,” the New York Democrat said. “Most of my colleagues know this is wrong.”

The chamber already voted to block the emergency declaration over migration at the southern U.S. border in March, about a month after Trump declared it. But the Senate failed to garner enough support to overcome the president’s veto.

Congress has the authority to try to end the president’s move once every six months. Under the national emergency provision, Schumer does not need Senate Majority Leader Mitch McConnell’s clearance to try to block the declaration.

The declaration gave Trump the authority to redirect money from military construction projects. Last week, the administration announced the projects from which it would pull $3.6 billion — including several in states where GOP senators face tough reelection bids.

Democrats slammed Trump for the move. Some Republicans such as Sens. Mike Lee and Mitt Romney of Utah also criticized the president.

A vote shortly after the Trump administration announced the states from which it will draw money could put more political pressure on some senators who did not oppose the declaration in March.

In March, the Senate voted by a 59-41 margin to block the emergency declaration. Twelve Republicans supported the move.

It is unclear if the chamber could now muster the two-thirds majority vote needed to overcome a presidential veto. Schumer said Tuesday that “we need some more people to join us” to overturn the declaration.

Trump repeatedly said he would force Mexico to pay for the barrier on the southern border, a key campaign promise. But America’s neighbor never promised money for the project, and Trump could not get Congress to approve his desired funds either.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-09-10  Authors: jacob pramuk
Keywords: news, cnbc, companies, senate, presidents, vote, force, declaration, schumer, democrats, end, money, block, trump, border, emergency, trumps


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Top U.S. publishers sue Amazon’s Audible for copyright infringement to block new caption feature

France opens probe of possible crimes linked to Jeffrey EpsteinEpstein, a former friend of Presidents Donald Trump and Bill Clinton, was arrested by FBI agents in New Jersey in early July as he stepped off his private plane, which had… Politicsread more


France opens probe of possible crimes linked to Jeffrey EpsteinEpstein, a former friend of Presidents Donald Trump and Bill Clinton, was arrested by FBI agents in New Jersey in early July as he stepped off his private plane, which had… Politicsread more
Top U.S. publishers sue Amazon’s Audible for copyright infringement to block new caption feature Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: annie palmer
Keywords: news, cnbc, companies, possible, audible, sue, trump, infringement, copyright, presidents, caption, probe, private, stepped, plane, opens, feature, linked, jersey, block, publishers, amazons


Top U.S. publishers sue Amazon's Audible for copyright infringement to block new caption feature

France opens probe of possible crimes linked to Jeffrey Epstein

Epstein, a former friend of Presidents Donald Trump and Bill Clinton, was arrested by FBI agents in New Jersey in early July as he stepped off his private plane, which had…

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Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: annie palmer
Keywords: news, cnbc, companies, possible, audible, sue, trump, infringement, copyright, presidents, caption, probe, private, stepped, plane, opens, feature, linked, jersey, block, publishers, amazons


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Digital wave and values-based business are driving Salesforce’s growth, CEO says

Modern corporations have shifted focus to partner with companies that are value-focused, Salesforce’s Keith Block said on CNBC Thursday. That’s why Salesforce joined about 200 other businesses to proclaim that pleasing shareholders is no longer their main goal, Block said. “A lot of this, Jim, is really powered by this wave of digital transformation that we’re seeing all over the world,” he said. “Everybody needs to get closer to the customer, everybody is trying to improve that customer experie


Modern corporations have shifted focus to partner with companies that are value-focused, Salesforce’s Keith Block said on CNBC Thursday. That’s why Salesforce joined about 200 other businesses to proclaim that pleasing shareholders is no longer their main goal, Block said. “A lot of this, Jim, is really powered by this wave of digital transformation that we’re seeing all over the world,” he said. “Everybody needs to get closer to the customer, everybody is trying to improve that customer experie
Digital wave and values-based business are driving Salesforce’s growth, CEO says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: tyler clifford
Keywords: news, cnbc, companies, business, world, valuesbased, companies, youre, ceo, growth, wave, seeing, salesforce, thats, driving, shareholders, block, really, salesforces, digital, quarter


Digital wave and values-based business are driving Salesforce's growth, CEO says

Modern corporations have shifted focus to partner with companies that are value-focused, Salesforce’s Keith Block said on CNBC Thursday.

That’s why Salesforce joined about 200 other businesses to proclaim that pleasing shareholders is no longer their main goal, Block said. The co-CEO was responding to a question from Jim Cramer about how the company is having an “Impact Per Share” — what companies are doing to promote eco-friendly and sustainability initiatives.

On top of catering to shareholders, “it’s about stakeholders, it’s about your employees, it’s about you partners and suppliers. It’s about the community, it’s about the environment,” Block said in a “Mad Money” interview. “When we speak to CEOs all over the world, they want to know what our values are all about. And if they’re going to bet their business on us, they want to be aligned with those values.”

The Business Roundtable, a group of chief executive officers from major U.S. corporations led by J.P. Morgan Chase’s Jamie Dimon, released a statement earlier this week about the “purpose of a corporation,” which comes at a time where more and more consumers are care about shopping at mission-driven businesses.

After the market closed Thursday, Salesforce delivered shareholders a beat-and-raise quarter. The company topped earnings and revenue expectations while upping its guidance for the full year, CNBC reported.

Revenue grew 22% to $4 billion in the quarter and the full-year outlook was increased to $16.9 billion, which would equate to 27% year-over-year growth, Block said in the “Mad Money” one-on-one.

“A lot of this, Jim, is really powered by this wave of digital transformation that we’re seeing all over the world,” he said. “Everybody needs to get closer to the customer, everybody is trying to improve that customer experience, and that’s where Salesforce really brings value to the table.”

When it comes to tariffs on Chinese imports and services, Salesforce appears to be immune, Cramer said. In response, Block said it’s because companies won’t stop investing into digitizing their operations.

“That’s why you’re seeing this growth, you’re seeing these results,” he said. “And we’re just co-innovating and co-creating with these companies and that’s why we’re having so much success on their behalf.”

Shares of Salesforce rose slightly on Thursday ahead of its earnings call. The stock climbed 7% in after hours trading.


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: tyler clifford
Keywords: news, cnbc, companies, business, world, valuesbased, companies, youre, ceo, growth, wave, seeing, salesforce, thats, driving, shareholders, block, really, salesforces, digital, quarter


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Advocacy groups file suit to block Trump’s new ‘public charge’ immigration rule

Several advocacy groups filed a lawsuit Friday to block the Trump administration’s recently finalized “public charge” rule, which would make it harder for legal immigrants to stay in the country. The National Immigration Law Center, Western Center on Law and Poverty, National Health Law Program and Asian Americans Advancing Justice filed the complaint in a California federal court. Citizenship and Immigration Services, said Monday that the administration revised the public charge inadmissibility


Several advocacy groups filed a lawsuit Friday to block the Trump administration’s recently finalized “public charge” rule, which would make it harder for legal immigrants to stay in the country. The National Immigration Law Center, Western Center on Law and Poverty, National Health Law Program and Asian Americans Advancing Justice filed the complaint in a California federal court. Citizenship and Immigration Services, said Monday that the administration revised the public charge inadmissibility
Advocacy groups file suit to block Trump’s new ‘public charge’ immigration rule Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: sunny kim
Keywords: news, cnbc, companies, charge, rule, groups, suit, file, law, administrations, national, block, center, trumps, public, administration, immigration, immigrants, advocacy


Advocacy groups file suit to block Trump's new 'public charge' immigration rule

Colombian Born Lucrecia Arbelaez and other candidates take the oath of allegiance to become US citizens during a Naturalization Ceremony for new US citizens at the City Hall of Jersey City, New Jersey on February 22, 2017.

Several advocacy groups filed a lawsuit Friday to block the Trump administration’s recently finalized “public charge” rule, which would make it harder for legal immigrants to stay in the country.

The National Immigration Law Center, Western Center on Law and Poverty, National Health Law Program and Asian Americans Advancing Justice filed the complaint in a California federal court.

The administration’s new rule redefines what it means to be a “public charge” and would be applied to people primarily dependent on government assistance such as food stamps, Medicaid and housing assistance.

Legal immigrants who use one or more of these public benefits for more than 12 months in any 36-month period would be defined as a public charge, which would make it more difficult for them to secure citizenship.

The complaint says the new rule is “arbitrary” and “capricious” and would harm “low-income communities.”

“This rule change is a direct attack on communities of color and their families and furthers this administration’s desire to make this country work primarily for the wealthy and white,” said Antionette Dozier, senior attorney at the Western Center on Law and Poverty. “Our immigration system cannot be based on the racial animosities of this administration or whether or not people are wealthy.”

Kenneth Cuccinelli, acting director of U.S. Citizenship and Immigration Services, said Monday that the administration revised the public charge inadmissibility rule to ensure immigrants are “self-sufficient” instead of relying on public resources.

Refugees and asylum applicants will be exempt, according to the agency’s website.

Marielena Hincapie, executive director of the National Immigration Law Center, said Friday, “These legal violations are part of the Trump administration’s playbook which we are so familiar with. Today we … ask the federal court in the Northern District of California to block the administration from implementing this racially motivated rule and strike it down as unlawful and unconstitutional.”

The White House and Department of Homeland Security did not immediately respond to requests for comment. The USCIS said in an email that the agency doesn’t comment on pending litigation.

More than 260,000 public comments were submitted after a draft of the public charge rule was posted last fall, the vast majority in opposition, according to the advocacy groups.

Max Wolson, staff attorney at the National Immigration Law Center, said the administration did not properly address those concerns. “There were substantial comments that talked about how bad this will be for public health, how bad this is for the economy… about how the programs are trying to penalize people,” Wolson said. “We contend that they did not properly address those.”

One in four U.S. citizens participate in one or more of these programs in any given year, according to the complaint.

“The bottom line is that the rule essentially puts a price tag on obtaining lawful permanent residency in the United States, shifting it away from the family-based immigration towards one restricted to people who are already relatively well off or highly skilled when they enter the country,” said Shelby Gonzales, director of immigration policy at the Center on Budget Policy Priorities.


Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: sunny kim
Keywords: news, cnbc, companies, charge, rule, groups, suit, file, law, administrations, national, block, center, trumps, public, administration, immigration, immigrants, advocacy


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Visa CEO: Unlike PayPal and Square, we won’t block gun purchases

Visa will continue to facilitate gun purchases as long as it is legal for people to buy firearms, the chief executive of the credit card giant told CNBC on Wednesday. Payment companies PayPal and Square do not allow their services to be used for gun sales. Kelly is not the only credit card company CEO to voice the challenges of regulating gun purchases. Meanwhile, Alan Patricof, founder of venture capital firm Greycroft, spoke out earlier this week in favor of tighter gun control laws. While Vis


Visa will continue to facilitate gun purchases as long as it is legal for people to buy firearms, the chief executive of the credit card giant told CNBC on Wednesday. Payment companies PayPal and Square do not allow their services to be used for gun sales. Kelly is not the only credit card company CEO to voice the challenges of regulating gun purchases. Meanwhile, Alan Patricof, founder of venture capital firm Greycroft, spoke out earlier this week in favor of tighter gun control laws. While Vis
Visa CEO: Unlike PayPal and Square, we won’t block gun purchases Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: jasmine kim, matthew j belvedere
Keywords: news, cnbc, companies, gun, kelly, shouldnt, weve, ceo, continue, buy, square, paypal, company, purchases, unlike, visa, wont, block, laws


Visa CEO: Unlike PayPal and Square, we won't block gun purchases

Visa will continue to facilitate gun purchases as long as it is legal for people to buy firearms, the chief executive of the credit card giant told CNBC on Wednesday.

“We are guided by the federal laws in a country, and our job is to create and to facilitate fair and secure commerce,” said Visa Chairman and CEO Alfred Kelly, the latest corporate leader to address the issue of gun control after the deadly weekend mass shootings in Texas and Ohio.

Payment companies PayPal and Square do not allow their services to be used for gun sales.

Kelly said it is the legislators who “need to do their job,” and Visa’s stance as a payment processor for gun purchases hasn’t changed over the past year.

“The reality is that it’s very hard for us to do it. … If we start to get in the mode of being legislators it’s a very slippery slope,” Kelly said. “We shouldn’t be determining what’s right or wrong in terms of people’s purchases.”

The company will continue to “follow the laws of the land,” he added.

“We shouldn’t tell people they can’t purchase a 32-ounce soda. We shouldn’t tell people they can’t buy reproductive drugs,” Kelly said.

Kelly is not the only credit card company CEO to voice the challenges of regulating gun purchases.

Ajay Banga, CEO of Mastercard, said it is not his company’s place to dictate what consumers can and cannot buy, according to a Bloomberg article. Banga does not think personal beliefs should guide how he operates his company’s networks.

Meanwhile, Alan Patricof, founder of venture capital firm Greycroft, spoke out earlier this week in favor of tighter gun control laws. He told CNBC that more company leaders need to “come out and massively say, ‘We’ve got to do something about this.'”

Another CEO speaking out is Apple’s Tim Cook. He tweeted that he’s “heartbroken” over the shootings that happened in El Paso and Dayton last weekend.

While Visa will continue to allow its customers to buy and sell guns, Kelly called out policymakers.

“They ought to get busy on some common sense changes to deal with the horrific problems that we’ve seen in the United States, not just this weekend but for years and years,” he said. “It’s time to start looking at mental health, the size of these magazines, the type of weapons. They’ve got to do something.”


Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: jasmine kim, matthew j belvedere
Keywords: news, cnbc, companies, gun, kelly, shouldnt, weve, ceo, continue, buy, square, paypal, company, purchases, unlike, visa, wont, block, laws


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