Hong Kong protest organizers say demonstrations swell to 2 million amid calls for top official to quit

Protesters shine lights from their mobile phones during rally against a controversial extradition law proposal on June 16, 2019 in Hong Kong, China. Hong Kong, June 16, 2019. But demonstrator Man-lok Ng said Hong Kong’s people faced exposure to China’s legal system and, thus, danger. Sunday’s demonstration marks a week of anti-government protests that included scenes of violence — especially on Wednesday – that are rare in Hong Kong. ‘Hong Kong is still alive’


Protesters shine lights from their mobile phones during rally against a controversial extradition law proposal on June 16, 2019 in Hong Kong, China. Hong Kong, June 16, 2019. But demonstrator Man-lok Ng said Hong Kong’s people faced exposure to China’s legal system and, thus, danger. Sunday’s demonstration marks a week of anti-government protests that included scenes of violence — especially on Wednesday – that are rare in Hong Kong. ‘Hong Kong is still alive’
Hong Kong protest organizers say demonstrations swell to 2 million amid calls for top official to quit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-16  Authors: kelly olsen, vivian kam
Keywords: news, cnbc, companies, china, hong, kong, kongs, million, lam, quit, say, mainland, extradition, crowds, organizers, extraditions, demonstrations, swell, protest, official, plan


Hong Kong protest organizers say demonstrations swell to 2 million amid calls for top official to quit

Protesters shine lights from their mobile phones during rally against a controversial extradition law proposal on June 16, 2019 in Hong Kong, China. Billy H.C. Kwok | Getty Images News | Getty Images

Massive crowds took to the streets of Hong Kong on Sunday in a rally which organizers say drew almost 2 million people to demand the city’s top official resign a day after she suspended — but did not withdraw — unpopular legislation to allow extraditions to China that opponents say must be scrapped. Citizens, many dressed in black, packed subway carriages as they made their way to participate in the march beginning in the late afternoon in hot, muggy weather. It followed a similar one last Sunday in which hundreds of thousands turned out. Crowds also lined up to take ferries across the city’s famed harbor to join the demonstration. The estimate in a statement by the Civil Human Rights Front, the pro-democracy political advocacy group that organized the protest, was almost double what it gave for last week’s. Police, however, announced a considerably lower count, estimating a peak crowd of 338,000 people but qualified that by stressing the figure was for the “original agreed procession route.” The discrepancy was similar to last week when the organizers said a little over one million participated, while police counted 240,000. Huge crowds walked along the approved thoroughfare but others spilled over into adjacent streets. Marchers held numerous signs including ones demanding that Chief Executive Carrie Lam quit, with others denouncing the extradition proposal and alleged police brutality. “Stop killing us,” read one. Marchers also chanted slogans such as “withdraw it” in reference to the legislation.

‘Apologized to the people’

Lam had vowed to press ahead with amendments to local law to allow extraditions to places with which the city has no such arrangements — including mainland China, where many in Hong Kong fear possible entanglement with its courts. But citing injuries to police and protesters in demonstrations that turned violent Wednesday and what Lam called divisions in society wrought by the plan, she announced Saturday at a press conference she was putting the legislation on indefinite hold. And while refusing calls to step down, on Sunday she offered an apology — via a government spokesperson — after avoiding one the day before. In a statement, the spokesperson said that Lam “admitted” that the government had caused “disappointment and grief” to Hong Kong’s people. “The chief executive apologized to the people of Hong Kong for this and pledged to adopt a most sincere and humble attitude to accept criticisms and make improvements in serving the public.” Many in the Asian trade and finance center of 7.4 million people oppose the extradition plan, worrying their legal system and freedoms – legacies of the territory’s history as a British colony – would be compromised by closer judicial ties with China. Hong Kong was guaranteed a high degree of control over its own affairs for at least 50 years under a “one country, two systems” arrangement when Britain ceded sovereignty to China on July 1, 1997. But local unease over increasing mainland influence has steadily grown.

A crowd of protesters marches in Hong Kong, part of an anti-government demonstration demanding the withdrawal of proposed legislation that would allow extraditions to mainland China. Hong Kong, June 16, 2019. Kelly Olsen | CNBC

Foreign business groups and governments, including the United States, also oppose the extradition plan, stressing concerns that any erosion to Hong Kong’s legal system could make it a less attractive place for banks and companies to operate. Lam and other government officials repeatedly offered assurances that adequate safeguards would guarantee protection from possible human rights abuses and that only fugitives accused of serious crimes could be extradited. The government also eliminated a number of economic-related offenses from the bill to lessen concern in the business community. China supported the plan and said that Hong Kong’s rights and freedoms are safe. But demonstrator Man-lok Ng said Hong Kong’s people faced exposure to China’s legal system and, thus, danger. “So anyone of us could be at risk if this bill would be passed,” he told CNBC.

A mourner lays flowers at the site of a makeshift shrine in Hong Kong near where a man reportedly fell to his death after protesting against a government proposal to allow extraditions to mainland China. Hong Kong, June 16, 2019. Kelly Olsen | CNBC

The mood on Sunday was one of anger at Lam but also sorrow after the death of a protester on Saturday after he reportedly fell from the top of a shopping mall where he had unfurled a banner demanding the plan be withdrawn. Ahead of the protest, hundreds of people paid their respects at a makeshift memorial set up outside the mall, offering flowers, prayers and incense. Numerous marchers carried white flowers they planned to offer when passing by. Kelly Wong, who thinks Hong Kong is completely under China’s control, said she felt “angry” at Lam for saying she would listen more to the opinions of citizens but with the aim of still eventually passing the bill. “So I think we should come out and express our voice,” Wong said near the memorial before the protest. Sunday’s demonstration marks a week of anti-government protests that included scenes of violence — especially on Wednesday – that are rare in Hong Kong. Crowds on that day estimated by police at more than 10,000 people surrounded the local legislature to stop debate on the bill.

‘Hong Kong is still alive’


Company: cnbc, Activity: cnbc, Date: 2019-06-16  Authors: kelly olsen, vivian kam
Keywords: news, cnbc, companies, china, hong, kong, kongs, million, lam, quit, say, mainland, extradition, crowds, organizers, extraditions, demonstrations, swell, protest, official, plan


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US urges judge to deny Huawei motion in government effort to disqualify lawyer

The Huawei logo is display during CES 2018 at the Las Vegas Convention Center on January 9, 2018 in Las Vegas, Nevada. U.S. prosecutors on Monday asked a judge to reject a motion by China’s Huawei seeking information on the grounds for a government request to disqualify the company’s lead defense lawyer in a criminal case alleging bank fraud and sanctions violations. Last month, prosecutors argued Huawei lawyer James Cole’s prior position as the No. Huawei asked the court to review “overbroad” r


The Huawei logo is display during CES 2018 at the Las Vegas Convention Center on January 9, 2018 in Las Vegas, Nevada. U.S. prosecutors on Monday asked a judge to reject a motion by China’s Huawei seeking information on the grounds for a government request to disqualify the company’s lead defense lawyer in a criminal case alleging bank fraud and sanctions violations. Last month, prosecutors argued Huawei lawyer James Cole’s prior position as the No. Huawei asked the court to review “overbroad” r
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Company: cnbc, Activity: cnbc, Date: 2019-06-04
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US urges judge to deny Huawei motion in government effort to disqualify lawyer

The Huawei logo is display during CES 2018 at the Las Vegas Convention Center on January 9, 2018 in Las Vegas, Nevada.

U.S. prosecutors on Monday asked a judge to reject a motion by China’s Huawei seeking information on the grounds for a government request to disqualify the company’s lead defense lawyer in a criminal case alleging bank fraud and sanctions violations.

Last month, prosecutors argued Huawei lawyer James Cole’s prior position as the No. 2 official in the U.S. Department of Justice created conflicts of interest that necessitated his removal.

The prosecutors said Cole, who served as deputy attorney general (DAG) until 2015, represented the government in a related investigation, without disclosing details. Huawei asked the court to review “overbroad” redactions in the U.S. motion seeking his removal.

Huawei wants prosecutors to reveal “the very information it is trying to prevent the new client from learning,” the prosecutors said in a letter to Judge Ann Donnelly in U.S. District Court in Brooklyn, New York.

“The conflict presented here is unprecedented,” the prosecutors argued. The government was not aware of any other senior DOJ official who had sought to represent a client that had been part of his government work, “let alone when the former representation involved classified information,” they said.

A spokesman for Huawei Technologies, the world’s largest telecommunications equipment maker, declined to comment, and Cole did not respond to a request for comment. Cole entered a not guilty plea on behalf of Huawei in March.


Company: cnbc, Activity: cnbc, Date: 2019-06-04
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A private survey shows China’s manufacturing activity for May was slightly higher than expected

A private survey of China’s factory sector showed on Monday that manufacturing activity was slightly better than expected in May. The PMI reading for April was 50.2. Last week, China’s official manufacturing PMI for May came in at 49.4, lower than the 49.9 economists polled by Reuters had forecast. “The stronger rise in overall new business supported a renewed expansion in buying activity among Chinese manufacturing firms. The official PMI survey typically polls a large proportion of big busines


A private survey of China’s factory sector showed on Monday that manufacturing activity was slightly better than expected in May. The PMI reading for April was 50.2. Last week, China’s official manufacturing PMI for May came in at 49.4, lower than the 49.9 economists polled by Reuters had forecast. “The stronger rise in overall new business supported a renewed expansion in buying activity among Chinese manufacturing firms. The official PMI survey typically polls a large proportion of big busines
A private survey shows China’s manufacturing activity for May was slightly higher than expected Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: yen nee lee huileng tan, yen nee lee, huileng tan
Keywords: news, cnbc, companies, reading, manufacturing, private, expected, chinese, slightly, activity, chinas, shows, pmi, indicator, survey, data, economic, higher, official


A private survey shows China's manufacturing activity for May was slightly higher than expected

A private survey of China’s factory sector showed on Monday that manufacturing activity was slightly better than expected in May.

The Caixin/Markit factory Purchasing Managers’ Index for May was 50.2. Analysts polled by Reuters had expected the indicator to come in at 50. The PMI reading for April was 50.2.

PMI readings above 50 indicate expansion, while those below that signal contraction.

Last week, China’s official manufacturing PMI for May came in at 49.4, lower than the 49.9 economists polled by Reuters had forecast. It was lower than April’s reading of 50.1. The official non-manufacturing PMI for May was 54.3 — unchanged from April.

Growth of new orders grew in May, and the rate of new business growth quickened slightly in the last month, Caixin said in a statement on Monday.

“The stronger rise in overall new business supported a renewed expansion in buying activity among Chinese manufacturing firms. Though only slight, it was the first time that purchasing activity had increased for five months,” the statement added.

Despite the steady reading that was still in expansionary territory, business confidence slipped to the lowest level since the survey series began in April 2012.

That was “amid concerns of an escalating China-US trade war and forecasts of relatively subdued global demand,” the satement added.

Analysts had warned that the official PMI data show that growth in China remains under pressure, despite earlier optimism that Chinese officials managed to stabilize the world’s second-largest economy.

Before the release of the Caixin indicator, an economist from Mizuho Bank said the data “will not supplant the overall sense of economic pessimism” even if it turns out “unexpectedly resilient.”

“Our best guess is that despondency will build up around China’s growth/exports expectations, spilling over more widely to the rest of Asia/Australia, in the near-term,” Vishnu Varathan, Mizuho’s head of economics and strategy, wrote in a Monday morning note.

“What’s more, the wider strategic tech war playing out with Huawei (and related suppliers and advanced Chinese tech companies) also creates a chill around the outlook for not only for exports, but for wider commercial activity as well,” he added.

The PMI is a survey of businesses about the operating environment. Such data offer a first glimpse into what’s happening in an economy, as they are usually among the first major economic indicators released each month.

For China, the PMI is among economic indicators that investors globally watch closely for signs of trouble amid domestic headwinds and the ongoing U.S.-China trade dispute.

The official PMI survey typically polls a large proportion of big businesses and state-owned enterprises. A separate survey, the Caixin indicator, features a bigger mix of small- and medium-sized firms.


Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: yen nee lee huileng tan, yen nee lee, huileng tan
Keywords: news, cnbc, companies, reading, manufacturing, private, expected, chinese, slightly, activity, chinas, shows, pmi, indicator, survey, data, economic, higher, official


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China releases official document that blames America for the trade war

Jonathan Ernst | ReutersBEIJING — China took a firm official stance against the United States on trade on Sunday, issuing a white paper that illustrates a widening gap between the two sides. The paper argues that trade disruptions — which the document claims were launched by the United States — negatively affect the world. It claims that the United States is an untrustworthy negotiator and that the Chinese government wants talks that are equal, mutually beneficial and trustworthy. U.S. media out


Jonathan Ernst | ReutersBEIJING — China took a firm official stance against the United States on trade on Sunday, issuing a white paper that illustrates a widening gap between the two sides. The paper argues that trade disruptions — which the document claims were launched by the United States — negatively affect the world. It claims that the United States is an untrustworthy negotiator and that the Chinese government wants talks that are equal, mutually beneficial and trustworthy. U.S. media out
China releases official document that blames America for the trade war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-02  Authors: evelyn cheng
Keywords: news, cnbc, companies, chinese, united, trump, trade, states, unreliable, list, america, commerce, document, war, blames, official, china, wang, vice, releases


China releases official document that blames America for the trade war

Donald Trump during bilateral meetings in Beijing in late 2017. Jonathan Ernst | Reuters

BEIJING — China took a firm official stance against the United States on trade on Sunday, issuing a white paper that illustrates a widening gap between the two sides. The paper argues that trade disruptions — which the document claims were launched by the United States — negatively affect the world. It claims that the United States is an untrustworthy negotiator and that the Chinese government wants talks that are equal, mutually beneficial and trustworthy. U.S. media outlets have reported that Beijing backed out from basically all negotiating points during talks with the United States several weeks ago.

Nothing is agreed until everything is agreed. Wang Shouwen Chinese vice commerce minister

At a press conference Sunday, Vice Commerce Minister Wang Shouwen said U.S. actions in the past month are the primary reason for the lack of progress in negotiations. Early this month, U.S. President Donald Trump announced that tariffs on $200 billion worth of Chinese goods would go up from 10% to 25%. The U.S. has also begun investigating whether $300 billion of other Chinese goods could be subject to tariffs. Finally, the U.S. put Chinese telecom giant Huawei on an list that essentially prevents it from conducting business with U.S. companies. Wang would not confirm at a press conference Sunday whether Trump and Chinese President Xi Jinping would meet at the G20 meeting at the end of June. Wang said only that China will send representatives to those coming meetings in Japan.

On Friday, China’s Commerce Ministry announced it would create a list of what it calls “unreliable entities.” State news agency Xinhua subsequently reported that China is investigating Memphis, Tennessee-based FedEx. CNBC confirmed that the shipping giant diverted packages destined for Huawei addresses in Asia. Wang would not elaborate on details about the unreliable entities list or its implementation, saying such details would be disclosed later. Wang said Sunday that any foreign companies that act against Chinese law will be subject to Chinese investigations, according to a CNBC translation of his Mandarin-language remarks.


Company: cnbc, Activity: cnbc, Date: 2019-06-02  Authors: evelyn cheng
Keywords: news, cnbc, companies, chinese, united, trump, trade, states, unreliable, list, america, commerce, document, war, blames, official, china, wang, vice, releases


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Mexico won’t retaliate against Trump tariffs until threat seems more serious, trade official says

Mexico won’t retaliate against President Donald Trump’s tariffs until the threat seems more serious, Mexican trade official Guillermo Malpica Soto told CNBC on Friday. Trump’s announcement late Thursday of a 5% tariff on goods from Mexico is “so far only an announcement,” said Malpica, head of the Trade & NAFTA Office. The Trump administration says it hopes the duties will force Mexico to curb illegal immigration — though Trump cited manufacturing jobs and trade deficits as motivation for the ta


Mexico won’t retaliate against President Donald Trump’s tariffs until the threat seems more serious, Mexican trade official Guillermo Malpica Soto told CNBC on Friday. Trump’s announcement late Thursday of a 5% tariff on goods from Mexico is “so far only an announcement,” said Malpica, head of the Trade & NAFTA Office. The Trump administration says it hopes the duties will force Mexico to curb illegal immigration — though Trump cited manufacturing jobs and trade deficits as motivation for the ta
Mexico won’t retaliate against Trump tariffs until threat seems more serious, trade official says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, threat, retaliate, serious, mexico, white, wont, tariffs, duties, trade, trump, malpica, discussions, immigration, announcement, official


Mexico won't retaliate against Trump tariffs until threat seems more serious, trade official says

Mexico won’t retaliate against President Donald Trump’s tariffs until the threat seems more serious, Mexican trade official Guillermo Malpica Soto told CNBC on Friday.

Trump’s announcement late Thursday of a 5% tariff on goods from Mexico is “so far only an announcement,” said Malpica, head of the Trade & NAFTA Office. “We have to wait and see what the complete notification procedure from the U.S. to Mexico [is], and then assess how that would impact our commitments with the U.S.”

Trump said late Thursday the tariffs on Mexico would be implemented beginning June 10. The Trump administration says it hopes the duties will force Mexico to curb illegal immigration — though Trump cited manufacturing jobs and trade deficits as motivation for the tariffs in Friday tweets. The White House said the duties would gradually rise to 25% by October 2019.

Malpica said it “is not a good idea to mix immigration and trade. … We will continue our dialog with the United States on two separate tracks. Immigration and trade will be separate.”

The move came as the U.S. and China attempt to strike a trade deal. The world’s two largest economies increased tariffs on one another this month, with the U.S. making the first move by increasing duties on $200 billion worth of Chinese products from 10% to 25%. China announced plans to raise tariff rates on $60 billion in U.S. goods.

The Mexico tariffs may further undermine the chance of a trade resolution with China.

Trump’s threat could also complicate the updates to the North American Free Trade Agreement sent to Congress by the White House on Thursday.

Malpica, speaking in an interview on CNBC’s “Closing Bell, ” said Mexico officials were “disappointed” with the White House’s announcement but that it didn’t necessarily affect ongoing trade discussions. Mexico has also had “initial discussions” with trading partner Canada, Malpica said. “For them, it’s also important to have a ratification soon.”

“We try to separate the public discourse from the technical discussions [and] serious engagement among our parties,” he added.

“Legally we are approaching this through the lens of NAFTA and [the World Trade Organization], and while we hope for a conciliatory resolution, there are going to be consequences under our legal trade rights,” Malpica said. “According to the rules of international trade, we have the right [to] impose countermeasures.”

— CNBC’s Lori Ann LaRocco contributed to this story.


Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, threat, retaliate, serious, mexico, white, wont, tariffs, duties, trade, trump, malpica, discussions, immigration, announcement, official


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‘Very dangerous’: Putin, Trump want to weaken the European Union, top EU official says

There is at least one thing in common between the U.S. and Russia – their willingness to weaken the European Union, a high-ranking European official told CNBC. As European voters prepare to head to the polls later this week and choose new lawmakers to the European Parliament, there is a lot of debate about the challenges within the 28-member union. However, Jyrki Katainen, vice president of the European Commission told CNBC Tuesday that the external challenges have never been so hard. “Countries


There is at least one thing in common between the U.S. and Russia – their willingness to weaken the European Union, a high-ranking European official told CNBC. As European voters prepare to head to the polls later this week and choose new lawmakers to the European Parliament, there is a lot of debate about the challenges within the 28-member union. However, Jyrki Katainen, vice president of the European Commission told CNBC Tuesday that the external challenges have never been so hard. “Countries
‘Very dangerous’: Putin, Trump want to weaken the European Union, top EU official says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: silvia amaro
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'Very dangerous': Putin, Trump want to weaken the European Union, top EU official says

There is at least one thing in common between the U.S. and Russia – their willingness to weaken the European Union, a high-ranking European official told CNBC.

As European voters prepare to head to the polls later this week and choose new lawmakers to the European Parliament, there is a lot of debate about the challenges within the 28-member union. However, Jyrki Katainen, vice president of the European Commission told CNBC Tuesday that the external challenges have never been so hard.

“Countries like Russia, China but also the United States have challenged us harder than before,” Katainen said in Brussels.

“We are (for the) first time in the history in a situation where the President of the United States and (the) President of Russia seem to share the same view on Europe: the weaker, the better, because they think that it’s better for their own country, which is obviously not right,” Katainen, who is also the former prime minister of Finland said.

The transatlantic relationship has been particularly challenging for the EU since President Trump came into power in 2016. Their differences have been clear on issues such as climate change and trade.


Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: silvia amaro
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Obama budget official: ‘Medicare for All’ is Democrat version of GOP’s ‘repeal and replace’

Peter Orszag, CEO of Financial Advisory at Lazard Ltd., speaking at the CNBC Healthy Returns conference in New York on May 21, 2019. Instead, the public will begin to see a “bogeyman” version of government-run health care emerge after the 2020 presidential election. Democratic proposals for a government-run health-care system are the equivalent of Republican bids pushing to repeal and replace Obamacare, and they will never pass, President Barack Obama ‘s former budget chief said Tuesday. Lawmake


Peter Orszag, CEO of Financial Advisory at Lazard Ltd., speaking at the CNBC Healthy Returns conference in New York on May 21, 2019. Instead, the public will begin to see a “bogeyman” version of government-run health care emerge after the 2020 presidential election. Democratic proposals for a government-run health-care system are the equivalent of Republican bids pushing to repeal and replace Obamacare, and they will never pass, President Barack Obama ‘s former budget chief said Tuesday. Lawmake
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Company: cnbc, Activity: cnbc, Date: 2019-05-21  Authors: berkeley lovelace jr
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Obama budget official: 'Medicare for All' is Democrat version of GOP's 'repeal and replace'

Peter Orszag, CEO of Financial Advisory at Lazard Ltd., speaking at the CNBC Healthy Returns conference in New York on May 21, 2019.

“Single-payer is the Democratic equivalent of repeal and replace. It’ll never be legislated, because the details are too hard,” said Orszag, now CEO of financial advisory at Lazard.

“Medicare for All” will never be implemented in the U.S. because the “details” are “too hard,” former Office of Management and Budget Director Peter Orszag said at CNBC’s Healthy Returns conference in New York. Instead, the public will begin to see a “bogeyman” version of government-run health care emerge after the 2020 presidential election.

Democratic proposals for a government-run health-care system are the equivalent of Republican bids pushing to repeal and replace Obamacare, and they will never pass, President Barack Obama ‘s former budget chief said Tuesday.

President Donald Trump, who has long opposed Obamacare, formally known as the Affordable Care Act, failed to rally the GOP behind an effort in 2017 to repeal and replace it, as he promised during his campaign.

A number of Democratic proposals already making the campaign rounds call for eliminating private health insurance and replacing it with a universal Medicare plan. Lawmakers say it would help reduce administrative inefficiencies and costs in the U.S. health-care system. Most recently, presidential contender Sen. Bernie Sanders, I-Vt., unveiled a bill that would create a government-run system to provide health insurance for all Americans.

Analysts say actually implementing “Medicare for All” would be tough even if Sanders won. Democrats would need to hold on to their edge in the U.S. House and win at least three new Senate seats in the 2020 election to regain control of Congress. Then they would likely need 60 votes in the Senate and two-thirds of the House to overcome any potential filibusters.

The possibility has CEOs of major health-care companies worried too.

The sharpest rebuke came from UnitedHealth Group CEO David Wichmann, who said that “Medicare for All” would “surely destabilize” the U.S. health system.

WATCH: What ‘Medicare-for-All’ looks like in France


Company: cnbc, Activity: cnbc, Date: 2019-05-21  Authors: berkeley lovelace jr
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Grumpy Cat, the face of thousands of internet memes, has died

Internet celebrity Grumpy Cat, the face of countless memes, has died at the age of 7, her owners confirmed Friday. The official Grumpy Cat Twitter account announced that she died on Tuesday due to complications from a recent urinary tract infection. “Grumpy Cat has helped millions of people smile around the world — even when times were tough,” the statement said. Such was Grumpy Cat’s fame that her owners began a full-time publicity operation to fulfill demand for personal appearances. The offic


Internet celebrity Grumpy Cat, the face of countless memes, has died at the age of 7, her owners confirmed Friday. The official Grumpy Cat Twitter account announced that she died on Tuesday due to complications from a recent urinary tract infection. “Grumpy Cat has helped millions of people smile around the world — even when times were tough,” the statement said. Such was Grumpy Cat’s fame that her owners began a full-time publicity operation to fulfill demand for personal appearances. The offic
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Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: patrick smith
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Grumpy Cat, the face of thousands of internet memes, has died

Internet celebrity Grumpy Cat, the face of countless memes, has died at the age of 7, her owners confirmed Friday.

Grumpy Cat — real name Tardar Sauce — shot to fame as a figurehead of online culture thanks to her permanent frown apparently signalling displeasure at anything and everything.

The official Grumpy Cat Twitter account announced that she died on Tuesday due to complications from a recent urinary tract infection.

“Grumpy Cat has helped millions of people smile around the world — even when times were tough,” the statement said.

Grumpy’s rise to fame began when the brother of her owner, Tabatha Bundesen, posted a picture to Reddit in 2012. It was later remixed and turned into thousands of memes on social media sites, with captions such as: “I HAD FUN ONCE… IT WAS AWFUL.”

The cat’s unusual appearance was not in fact due to her temperament but an unusual combination of an underbite and feline dwarfism, a form of genetic mutation.

Bundesen always maintained that Grumpy was in fact very pleasant and playful.

Such was Grumpy Cat’s fame that her owners began a full-time publicity operation to fulfill demand for personal appearances.

She appeared at the SXSW festival and on several commercials.

The official Grumpy Cat shop lists 883 items for sale, including books, T-shirts, calendars and temporary tattoos.

And in 2013, the Bundesens launched Grumppucino, a branded coffee drink.


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: patrick smith
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EU presidential candidate Vestager wants global push on digital taxes

The EU’s competition commissioner told CNBC Friday that Europe, and the rest of the world, must push for a solution on digital taxation to create fairness among companies. In March, the French government introduced a digital tax aimed at internet behemoths like Google, Facebook and Amazon. During the same month, Chip Harter, the U.S. Treasury’s top international tax official, said digital levies were “ill conceived” and discriminatory against U.S. businesses. The EU’s Margrethe Vestager has alre


The EU’s competition commissioner told CNBC Friday that Europe, and the rest of the world, must push for a solution on digital taxation to create fairness among companies. In March, the French government introduced a digital tax aimed at internet behemoths like Google, Facebook and Amazon. During the same month, Chip Harter, the U.S. Treasury’s top international tax official, said digital levies were “ill conceived” and discriminatory against U.S. businesses. The EU’s Margrethe Vestager has alre
EU presidential candidate Vestager wants global push on digital taxes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: david reid
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EU presidential candidate Vestager wants global push on digital taxes

The EU’s competition commissioner told CNBC Friday that Europe, and the rest of the world, must push for a solution on digital taxation to create fairness among companies.

In March, the French government introduced a digital tax aimed at internet behemoths like Google, Facebook and Amazon. This came after the European Union, as a whole, failed to agree on a region-wide system with several nations voicing opposition. During the same month, Chip Harter, the U.S. Treasury’s top international tax official, said digital levies were “ill conceived” and discriminatory against U.S. businesses.

The EU’s Margrethe Vestager has already taken on U.S. internet giants in her role as competition commissioner and she is now standing for Europe’s top job, that of EU Commission president.

Speaking to CNBC’s Karen Tso at the VivaTech conference in Paris, the Danish official said she wanted to see “fairness” in digital taxation.

“There are so many companies that do pay their taxes. They create jobs, they contribute to the economy,” she said, before adding: “It is not fair that they have to see competitors for capital, for skilled employees, get away with paying less than half the same amount of taxes.”

Vestager said while France and some other European states had created their own rules, there should be a wider and more unified approach.


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: david reid
Keywords: news, cnbc, companies, wants, tax, commissioner, vestager, eus, digital, taxes, global, official, internet, presidential, create, eu, competition, candidate, european, fairness, push


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Maryland’s top finance official calls for economic retaliation against Alabama after state passes near-total abortion ban

A protester holds a sign in opposition to HB314, which would ban abortions in all cases except the health of the mother outside the Alabama State House on Tuesday, May 14, 2019 in Montgomery, AL. Maryland’s chief financial officer on Thursday called for a number of retaliatory economic measures against Alabama in response to the state’s passage of the nation’s most restrictive abortion legislation. The bill was signed Wednesday by Republican Gov. First, he said, he will order his staff to prepar


A protester holds a sign in opposition to HB314, which would ban abortions in all cases except the health of the mother outside the Alabama State House on Tuesday, May 14, 2019 in Montgomery, AL. Maryland’s chief financial officer on Thursday called for a number of retaliatory economic measures against Alabama in response to the state’s passage of the nation’s most restrictive abortion legislation. The bill was signed Wednesday by Republican Gov. First, he said, he will order his staff to prepar
Maryland’s top finance official calls for economic retaliation against Alabama after state passes near-total abortion ban Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: tucker higgins
Keywords: news, cnbc, companies, staff, calls, official, ban, states, finance, passes, retaliation, state, alabama, marylands, economic, board, neartotal, retirement, republican, systems, order, gov, nations


Maryland's top finance official calls for economic retaliation against Alabama after state passes near-total abortion ban

A protester holds a sign in opposition to HB314, which would ban abortions in all cases except the health of the mother outside the Alabama State House on Tuesday, May 14, 2019 in Montgomery, AL.

Maryland’s chief financial officer on Thursday called for a number of retaliatory economic measures against Alabama in response to the state’s passage of the nation’s most restrictive abortion legislation. The bill was signed Wednesday by Republican Gov. Kay Ivey.

Maryland Comptroller Peter Franchot, a Democrat who also serves as vice chair of the state’s retirement system, is seeking a full divestment of the $52 billion pension fund from Alabama businesses and will soon make the case to the system’s board of trustees, he said.

First, he said, he will order his staff to prepare a report on the retirement system’s exposure to Alabama to make sure that it can be done responsibly.

Read more: Alabama lawmakers, with eyes on overturning Roe v. Wade, pass nation’s strictest abortion ban

Franchot also said he will order his staff of 1,100 employees not to travel to Alabama on business and will use his seat on the three-member Board of Public Works to limit contracts given to Alabama companies. That board, which also includes Republican Gov. Larry Hogan, awards $11 billion in contracts annually, he noted.


Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: tucker higgins
Keywords: news, cnbc, companies, staff, calls, official, ban, states, finance, passes, retaliation, state, alabama, marylands, economic, board, neartotal, retirement, republican, systems, order, gov, nations


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