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Protesters Disrupt US Fossil Fuel Event at Climate Talks

Protesters disturbed a U.S.-sponsored event promoting fossil fuels on the sidelines of U.N. climate change talks on Monday.

The event called “U.S. innovative technologies spur economic dynamism,” touting the benefits of burning fossil fuels more efficiently, infuriated campaigners and many government delegations who want the talks to focus on moving away from coal, oil and gas.

Some 100 protestors in the audience at the event seized a microphone and interrupted opening remarks by Wells Griffith, the man President Donald Trump appointed as senior director for energy at the National Security Council.

They waved banners and chanted: “keep it in the ground.”

“I’m 19 years old and I’m pissed,” shouted Vic Barrett, a plaintiff in the “Juliana vs U.S.” lawsuit filed in 2015 by 21 young people against the government for allowing activities that harm the climate.

“I am currently suing my government for perpetuating the global climate change crisis… Young people are at the forefront of leading solutions to address the climate crises and we won’t back down.”

Before the interruption, Griffiths said it was important to be pragmatic in dealing with climate change in a world still heavily reliant on fossil fuels.

“Alarmism should not silence realism… This administration does not see the benefit of being part of an agreement which impedes U.S. economic growth and jobs,” he said.

The conference, in Katowice, Poland, aims to work out the rules for implementing the Paris Agreement, the global pact on combating climate change.

The United States, the world’s top oil and gas producer, is the only country to have announced its withdrawal from the accord.

Global Stocks Buoyed by US-China Trade Talks

Stock markets around the world spiked higher Tuesday after Wall Street rebounded amid hopes the U.S. and China are back negotiating over their trade dispute.

KEEPING SCORE: In Europe, Germany’s DAX was up 2 percent to 10,831 while France’s CAC 40 was up 2 percent at 4,837. Britain’s FTSE 100 was up 1.7 percent at 6,834. Wall Street was set to open higher too, with Dow futures and the broader S&P 500 futures up 0.9 percent.

 

U.S.-CHINA RELATIONS: U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He have spoken by phone about “the promotion of the next economic and trade consultations,” a statement by China’s Commerce Ministry said Tuesday. It did not elaborate. This indicates that the detention of Meng Wanzhou, the chief financial officer of Chinese telecommunications giant Huawei, in Canada may not derail trade talks. Meng is wanted in the U.S. for allegedly misleading banks about the company’s business dealings in Iran. China has protested her arrest and a bail hearing for Meng is underway in Vancouver, British Columbia. Still, traders fear a 90-day tariffs cease-fire may not be enough for the countries to resolve deep-seated issues.

 

ANALYST TAKE: “We’re now seeing daily commentary it seems about the progress of talks between the U.S. and China but the reality is that this is going to be a process that moves at a glacial pace but the fact that talks are happening are a reason to be optimistic,” said Craig Erlam, senior market analyst at OANDA.

 

BREXIT AND THE POUND: A day after the pound tanked to 20-month lows against the dollar after British Prime Minister Theresa May pulled a vote on her Brexit deal with the European Union, the currency recovered somewhat after figures showed wages rising at their fastest rate in a decade. The pound was up 0.3 percent at $1.2610.

 

IPHONE BAN IN CHINA: On Monday, U.S. chipmaker Qualcomm said it won an order in a Chinese court banning sales of some Apple phones in China. This is part of a lengthy dispute over two Qualcomm patents allowing users to format photos and manage phone apps using a touch screen. Although Qualcomm said the ban applies to models of the iPhone 6S through X, Apple said all iPhones will remain available for customers in China. Qualcomm shares jumped 2.2 percent to $57.24 on the news.

 

ASIA’S DAY: Softer economic data from Japan and China weighed on some Asian indexes on Tuesday. Japan’s benchmark Nikkei 225 lost 0.3 percent to 21,148.02 and South Korea’s Kospi dropped less than 0.1 percent to 2,052.97. But Hong Kong’s Hang Seng edged 0.1 percent higher to 25,771.67. The Shanghai Composite rose 0.4 percent to 2,594.09.

 

ENERGY: Oil prices recovered a sharp decline overnight that erased gains from news of a production cut by OPEC countries and other major oil producers. U.S. benchmark crude was up 67 cents at $51.67 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, used to price international oils, rose 59 cents to $60.56 a barrel.

 

CURRENCIES: The euro was up 0.2 percent at $1.1378 while the dollar dropped 0.2 percent to 113.12 yen.

 

 

Global Stocks Buoyed by US-China Trade Talks

Stock markets around the world spiked higher Tuesday after Wall Street rebounded amid hopes the U.S. and China are back negotiating over their trade dispute.

KEEPING SCORE: In Europe, Germany’s DAX was up 2 percent to 10,831 while France’s CAC 40 was up 2 percent at 4,837. Britain’s FTSE 100 was up 1.7 percent at 6,834. Wall Street was set to open higher too, with Dow futures and the broader S&P 500 futures up 0.9 percent.

 

U.S.-CHINA RELATIONS: U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He have spoken by phone about “the promotion of the next economic and trade consultations,” a statement by China’s Commerce Ministry said Tuesday. It did not elaborate. This indicates that the detention of Meng Wanzhou, the chief financial officer of Chinese telecommunications giant Huawei, in Canada may not derail trade talks. Meng is wanted in the U.S. for allegedly misleading banks about the company’s business dealings in Iran. China has protested her arrest and a bail hearing for Meng is underway in Vancouver, British Columbia. Still, traders fear a 90-day tariffs cease-fire may not be enough for the countries to resolve deep-seated issues.

 

ANALYST TAKE: “We’re now seeing daily commentary it seems about the progress of talks between the U.S. and China but the reality is that this is going to be a process that moves at a glacial pace but the fact that talks are happening are a reason to be optimistic,” said Craig Erlam, senior market analyst at OANDA.

 

BREXIT AND THE POUND: A day after the pound tanked to 20-month lows against the dollar after British Prime Minister Theresa May pulled a vote on her Brexit deal with the European Union, the currency recovered somewhat after figures showed wages rising at their fastest rate in a decade. The pound was up 0.3 percent at $1.2610.

 

IPHONE BAN IN CHINA: On Monday, U.S. chipmaker Qualcomm said it won an order in a Chinese court banning sales of some Apple phones in China. This is part of a lengthy dispute over two Qualcomm patents allowing users to format photos and manage phone apps using a touch screen. Although Qualcomm said the ban applies to models of the iPhone 6S through X, Apple said all iPhones will remain available for customers in China. Qualcomm shares jumped 2.2 percent to $57.24 on the news.

 

ASIA’S DAY: Softer economic data from Japan and China weighed on some Asian indexes on Tuesday. Japan’s benchmark Nikkei 225 lost 0.3 percent to 21,148.02 and South Korea’s Kospi dropped less than 0.1 percent to 2,052.97. But Hong Kong’s Hang Seng edged 0.1 percent higher to 25,771.67. The Shanghai Composite rose 0.4 percent to 2,594.09.

 

ENERGY: Oil prices recovered a sharp decline overnight that erased gains from news of a production cut by OPEC countries and other major oil producers. U.S. benchmark crude was up 67 cents at $51.67 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, used to price international oils, rose 59 cents to $60.56 a barrel.

 

CURRENCIES: The euro was up 0.2 percent at $1.1378 while the dollar dropped 0.2 percent to 113.12 yen.

 

 

EU Will ‘Follow Closely’ French Deficit after Macron Measures

EU economics affairs commissioner Pierre Moscovici on Tuesday said Brussels will keep close watch over France’s new spending plans, a day after President Emmanuel Macron unveiled new measures to quell violent protests.

“The European Commission will closely monitor the impact of the announcements made by President Macron on the French deficit and any financing arrangements,” Moscovici told AFP.

“We are in constant contact with the French authorities,” added Moscovici, who was attending a plenary session of European Parliament in Strasbourg.

Meeting the EU’s three percent deficit limit has been a centrepiece of Macron’s European strategy in order to win the trust of powerful Berlin and its backing for EU reforms.

Before the “yellow vests” protests, the 2019 public deficit was expected to reach 2.8 percent of gross domestic product (GDP), just below the threshold.

Among the potentially costly measures Macron announced on Monday was a 100 euro ($113) monthly increase in the minimum wage as of next year paid for by the government, not employers.

The 40-year-old centrist also announced he would roll back most of an unpopular increase in taxes on pensioners introduced by his government.

And he called on all businesses “that can afford it” to give employees a one-off “end of year bonus” which would be tax free.

The EU rules on public spending are “binding for everybody that is clear,” said senior German MEP Manfred Weber, when asked by reporters about France’s new expenditure.

But he added that “what we should not do as the European Union is intervene in domestic policies so when a government in Italy is presenting its budget it is an Italian budget and in France it is the same.”

Italy’s budget for 2019 was the first in history to be rejected by Brussels for breaking bloc rules on spending.

 

 

 

Mueller Probe Points to Numerous Links Between Trump Associates, Russia

U.S. President Donald Trump has insisted on numerous occasions that his 2016 presidential campaign had nothing to do with Russia.

“Time for the Witch Hunt to END!” Trump said in a message on Twitter last Saturday. “After two years and millions of pages of documents (and a cost of over $30 million) no collusion!” Trump tweeted earlier. 

But the special counsel investigating Russian meddling in Trump’s victory over Democrat Hillary Clinton has unearthed plenty of evidence connecting Trump associates with Russia. In the year and a half since Robert Mueller took over the investigation into possible collusion, charging documents have alleged that more than a dozen Trump associates – from former campaign manager Paul Manafort to son-in-law and senior adviser Jared Kushner – communicated with Russians, in one form or another, during and after the election. 

While the Mueller investigation operates under grand jury secrecy, the evidence the special prosecutor has referenced in court documents points to deeper and broader than previously thought contacts between people in Trump’s orbit and Russian operatives who sought to gain influence with the Republican president.

The latest revelation on the nexus between Trump and Russia appeared in a sentencing memo for former Trump lawyer Michael Cohen who pleaded guilty last week to lying to Congress about Trump’s efforts, during the campaign, to build a Trump tower in Moscow.

Last year, Cohen told lawmakers that his efforts on behalf of Trump to win Russian approval and build a new high rise in Moscow ended in January 2016, just as the campaign was heating up, whereas in fact they continued through June 2016, shortly before Trump secured the Republican presidential nomination. In the memo, Mueller’s prosecutors wrote that Cohen, who once said he would “take a bullet” for Trump but subsequently turned on his former boss, has provided “information about his own contacts with Russian interests during the campaign and discussions with others in the course of making those contacts.”

Cohen, who broached the possibility of a meeting in New York between Putin and Trump during the U.N. General Assembly in September 2016, has told prosecutors that he had “conferred” with Trump about the idea before “reaching out to gauge Russia’s interest in such a meeting,” according to the memo. 

The meeting did not take place for reasons that prosecutors did not reveal. 

Russian attempts to set up such a meeting persisted, however. In November 2016, Cohen spoke with a Russian who offered “political synergy” with the campaign and “repeatedly proposed a meeting between Putin and Trump. 

“The person told Cohen that such a meeting could have a ‘phenomenal’ impact ‘not only in political but in a business dimension’… because there is ‘no bigger warranty in any project than consent of [the President of Russia,]’” according to the memo. 

Cohen did not follow up on the invitation, according to the court filing, explaining to prosecutors that “he was working on the Moscow Project with a different individual who Cohen understood to have his own connections to the Russian government.” 

The unidentified individual is believed to be Felix Sater, a Russian-born real estate developer who worked as an adviser for the Trump Organization.

Trump’s interest in doing business with Russia goes back decades. In 2013, he brought the Miss Universe beauty pageant to Moscow. Throughout the 2016 campaign Trump repeatedly praised Putin and reveled in the Russian president’s compliments before the relationship soured after the election. 

The latest filings came at the end of a whirlwind week in the Russia investigation that saw similar documents filed in criminal cases involving Manafort and former Trump National Security Advisor Michael Flynn.Flynn pleaded guilty to lying to the FBI in denying he had conversations with the Russian ambassador to the U.S. shortly after the election and before Trump took office, at a time Russia was trying to get out from under U.S. sanctions. 

The Cohen sentencing memo represents the first time the special counsel has alleged a discussion between Trump and his lawyer about a meeting with Putin during the 2016 election.It suggests that Trump remained focused on his business interests even as he was running for the White House. 

“If the project was completed, the Company could have received hundreds of millions of dollars from Russian sources in licensing fees and other revenues,” the Cohen sentencing memo says. 

Other Trump associates accused of interacting with Russia during and after the 2016 campaign include former attorney general Jeff Sessions who met with former Russian ambassador Sergey Kislyak during the campaign and former campaign foreign policy advisor George Papadopoulos who tried to set up a meeting between Trump and Putin during the campaign.

Mueller Probe Points to Numerous Links Between Trump Associates, Russia

U.S. President Donald Trump has insisted on numerous occasions that his 2016 presidential campaign had nothing to do with Russia.

“Time for the Witch Hunt to END!” Trump said in a message on Twitter last Saturday. “After two years and millions of pages of documents (and a cost of over $30 million) no collusion!” Trump tweeted earlier. 

But the special counsel investigating Russian meddling in Trump’s victory over Democrat Hillary Clinton has unearthed plenty of evidence connecting Trump associates with Russia. In the year and a half since Robert Mueller took over the investigation into possible collusion, charging documents have alleged that more than a dozen Trump associates – from former campaign manager Paul Manafort to son-in-law and senior adviser Jared Kushner – communicated with Russians, in one form or another, during and after the election. 

While the Mueller investigation operates under grand jury secrecy, the evidence the special prosecutor has referenced in court documents points to deeper and broader than previously thought contacts between people in Trump’s orbit and Russian operatives who sought to gain influence with the Republican president.

The latest revelation on the nexus between Trump and Russia appeared in a sentencing memo for former Trump lawyer Michael Cohen who pleaded guilty last week to lying to Congress about Trump’s efforts, during the campaign, to build a Trump tower in Moscow.

Last year, Cohen told lawmakers that his efforts on behalf of Trump to win Russian approval and build a new high rise in Moscow ended in January 2016, just as the campaign was heating up, whereas in fact they continued through June 2016, shortly before Trump secured the Republican presidential nomination. In the memo, Mueller’s prosecutors wrote that Cohen, who once said he would “take a bullet” for Trump but subsequently turned on his former boss, has provided “information about his own contacts with Russian interests during the campaign and discussions with others in the course of making those contacts.”

Cohen, who broached the possibility of a meeting in New York between Putin and Trump during the U.N. General Assembly in September 2016, has told prosecutors that he had “conferred” with Trump about the idea before “reaching out to gauge Russia’s interest in such a meeting,” according to the memo. 

The meeting did not take place for reasons that prosecutors did not reveal. 

Russian attempts to set up such a meeting persisted, however. In November 2016, Cohen spoke with a Russian who offered “political synergy” with the campaign and “repeatedly proposed a meeting between Putin and Trump. 

“The person told Cohen that such a meeting could have a ‘phenomenal’ impact ‘not only in political but in a business dimension’… because there is ‘no bigger warranty in any project than consent of [the President of Russia,]’” according to the memo. 

Cohen did not follow up on the invitation, according to the court filing, explaining to prosecutors that “he was working on the Moscow Project with a different individual who Cohen understood to have his own connections to the Russian government.” 

The unidentified individual is believed to be Felix Sater, a Russian-born real estate developer who worked as an adviser for the Trump Organization.

Trump’s interest in doing business with Russia goes back decades. In 2013, he brought the Miss Universe beauty pageant to Moscow. Throughout the 2016 campaign Trump repeatedly praised Putin and reveled in the Russian president’s compliments before the relationship soured after the election. 

The latest filings came at the end of a whirlwind week in the Russia investigation that saw similar documents filed in criminal cases involving Manafort and former Trump National Security Advisor Michael Flynn.Flynn pleaded guilty to lying to the FBI in denying he had conversations with the Russian ambassador to the U.S. shortly after the election and before Trump took office, at a time Russia was trying to get out from under U.S. sanctions. 

The Cohen sentencing memo represents the first time the special counsel has alleged a discussion between Trump and his lawyer about a meeting with Putin during the 2016 election.It suggests that Trump remained focused on his business interests even as he was running for the White House. 

“If the project was completed, the Company could have received hundreds of millions of dollars from Russian sources in licensing fees and other revenues,” the Cohen sentencing memo says. 

Other Trump associates accused of interacting with Russia during and after the 2016 campaign include former attorney general Jeff Sessions who met with former Russian ambassador Sergey Kislyak during the campaign and former campaign foreign policy advisor George Papadopoulos who tried to set up a meeting between Trump and Putin during the campaign.

Former US Senators Warn of ‘Dangerous Period’ Ahead

A group of former U.S. Senate members from both the Democratic and Republican parties is urging current members to be “guardians of our democracy” and not let party affiliation get in the way of the interests of the country as it faces a “critical juncture.”

The 44 former lawmakers wrote in an op-ed published Monday by the Washington Post that the United States is “entering a dangerous period” and they felt they needed to “speak up about serious challenges to the rule of law, the Constitution, our governing institutions and our national security.”

They cited the eventual conclusion of special counsel Robert Mueller’s investigation into Russian interference in the 2016 election and possible collusion with President Donald Trump’s campaign, as well as the planned investigations of the Trump administration by the Democrat-led House of Representatives that will be in place next month as challenges that are coming amid regional and global conflicts.

“We are at an inflection point in which the foundational principles of our democracy and our national security interests are at stake, and the rule of law and the ability of our institutions to function freely and independently must be upheld,” they wrote.

The group includes Democrats John Kerry, Tom Daschle and Chris Dodd, as well as Republicans John Warner, Richard Lugar and Chuck Hagel.

Former US Senators Warn of ‘Dangerous Period’ Ahead

A group of former U.S. Senate members from both the Democratic and Republican parties is urging current members to be “guardians of our democracy” and not let party affiliation get in the way of the interests of the country as it faces a “critical juncture.”

The 44 former lawmakers wrote in an op-ed published Monday by the Washington Post that the United States is “entering a dangerous period” and they felt they needed to “speak up about serious challenges to the rule of law, the Constitution, our governing institutions and our national security.”

They cited the eventual conclusion of special counsel Robert Mueller’s investigation into Russian interference in the 2016 election and possible collusion with President Donald Trump’s campaign, as well as the planned investigations of the Trump administration by the Democrat-led House of Representatives that will be in place next month as challenges that are coming amid regional and global conflicts.

“We are at an inflection point in which the foundational principles of our democracy and our national security interests are at stake, and the rule of law and the ability of our institutions to function freely and independently must be upheld,” they wrote.

The group includes Democrats John Kerry, Tom Daschle and Chris Dodd, as well as Republicans John Warner, Richard Lugar and Chuck Hagel.

Trump, Lawmakers Scramble to Avoid Shutdown

U.S. President Donald Trump will meet with Democratic leaders Tuesday in a final effort to secure border wall funding as part of a larger government spending package that must be passed by Dec. 21. The funding marks the final legislative action of the Republican-controlled Congress and a must-pass bill to avert a partial government shutdown ahead of the holidays.

 

Both parties face a delicate balancing act tackling the latest fight over immigration with just weeks until control of the House of Representatives shifts to Democrats.

Trump will meet with Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi to see if there is room for compromise on his request for up to $5 billion in funding for the wall in fiscal year 2019. The meeting will be the first test of Trump’s ability to negotiate bipartisan deals following significant Democratic gains in November’s congressional midterm elections.

Trump and Pelosi initially expressed interest in working with each other on bills addressing infrastructure and prescription drug prices. But Pelosi — who is expected to become Speaker of the House when the new Congress is sworn in next month — rejected the possibility of compromise on border wall funding.

Democrats consider a wall along the U.S.-Mexico border “immoral, ineffective and expensive,” Pelosi told reporters Thursday. She also made clear Democrats would not link a compromise on the border wall with a legislative solution addressing the legal status of Deferred Action for Childhood Arrival (DACA) recipients, the more than 800,000 undocumented young people brought to the United States as children.

Compromise on a solution for DACA recipients stalled in Congress throughout 2018. The House failed to pass a bill after a group of Republicans organized an effort to defy House Speaker Paul Ryan and force the issue.

Pelosi proposed lawmakers pass the six funding bills that have already cleared key committee votes while funding the Department of Homeland Security, the agency that would oversee the border wall funding, on another temporary spending measure.

“I can’t imagine the president is willing to accept that,” Senate Majority Whip John Cornyn told reporters Thursday.

Trump says the border wall with Mexico will stop an invasion of migrants from Central America into the United States.

 

“Could somebody please explain to the Democrats (we need their votes) that our Country loses 250 Billion Dollars a year on illegal immigration, not including the terrible drug flow. Top Border Security, including a Wall, is $25 Billion. Pays for itself in two months. Get it done!” Trump tweeted on Dec. 4.

The administration received $1.375 billion in funding for border security in the fiscal year budget that ended on Sept. 30. It did not include money for building a wall.

“The idea that they haven’t spent last year’s money and they’re demanding such a huge amount this year makes no sense at all,” Schumer said.

 

Trump and Republicans in a lame-duck Congress face a tough choice. Forcing the issue of the border wall will trigger a partial government shutdown just four days before Christmas.

Lawmakers will not relish the prospect of being trapped in Washington figuring out a solution. But some Republicans see the shutdown as an opportunity to slow Democratic momentum coming into the new year with a new legislative agenda. Democrats will not want to be blamed for a shutdown before they have even taken control of the House.

Ahead of Tuesday’s meeting, Pelosi and Schumer issued a joint statement saying Trump’s border wall proposal does not have sufficient support and he should not make it “an obstacle to bipartisan government.”

“Republicans still control the House, the Senate, and the White House, and they have the power to keep the government open,” the statement said.

Trump, Lawmakers Scramble to Avoid Shutdown

U.S. President Donald Trump will meet with Democratic leaders Tuesday in a final effort to secure border wall funding as part of a larger government spending package that must be passed by Dec. 21. The funding marks the final legislative action of the Republican-controlled Congress and a must-pass bill to avert a partial government shutdown ahead of the holidays.

 

Both parties face a delicate balancing act tackling the latest fight over immigration with just weeks until control of the House of Representatives shifts to Democrats.

Trump will meet with Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi to see if there is room for compromise on his request for up to $5 billion in funding for the wall in fiscal year 2019. The meeting will be the first test of Trump’s ability to negotiate bipartisan deals following significant Democratic gains in November’s congressional midterm elections.

Trump and Pelosi initially expressed interest in working with each other on bills addressing infrastructure and prescription drug prices. But Pelosi — who is expected to become Speaker of the House when the new Congress is sworn in next month — rejected the possibility of compromise on border wall funding.

Democrats consider a wall along the U.S.-Mexico border “immoral, ineffective and expensive,” Pelosi told reporters Thursday. She also made clear Democrats would not link a compromise on the border wall with a legislative solution addressing the legal status of Deferred Action for Childhood Arrival (DACA) recipients, the more than 800,000 undocumented young people brought to the United States as children.

Compromise on a solution for DACA recipients stalled in Congress throughout 2018. The House failed to pass a bill after a group of Republicans organized an effort to defy House Speaker Paul Ryan and force the issue.

Pelosi proposed lawmakers pass the six funding bills that have already cleared key committee votes while funding the Department of Homeland Security, the agency that would oversee the border wall funding, on another temporary spending measure.

“I can’t imagine the president is willing to accept that,” Senate Majority Whip John Cornyn told reporters Thursday.

Trump says the border wall with Mexico will stop an invasion of migrants from Central America into the United States.

 

“Could somebody please explain to the Democrats (we need their votes) that our Country loses 250 Billion Dollars a year on illegal immigration, not including the terrible drug flow. Top Border Security, including a Wall, is $25 Billion. Pays for itself in two months. Get it done!” Trump tweeted on Dec. 4.

The administration received $1.375 billion in funding for border security in the fiscal year budget that ended on Sept. 30. It did not include money for building a wall.

“The idea that they haven’t spent last year’s money and they’re demanding such a huge amount this year makes no sense at all,” Schumer said.

 

Trump and Republicans in a lame-duck Congress face a tough choice. Forcing the issue of the border wall will trigger a partial government shutdown just four days before Christmas.

Lawmakers will not relish the prospect of being trapped in Washington figuring out a solution. But some Republicans see the shutdown as an opportunity to slow Democratic momentum coming into the new year with a new legislative agenda. Democrats will not want to be blamed for a shutdown before they have even taken control of the House.

Ahead of Tuesday’s meeting, Pelosi and Schumer issued a joint statement saying Trump’s border wall proposal does not have sufficient support and he should not make it “an obstacle to bipartisan government.”

“Republicans still control the House, the Senate, and the White House, and they have the power to keep the government open,” the statement said.

US Diplomat: Russia Gas Pipeline to Boost Grip on Ukraine, Europe

Russia is seeking to boost its power in Europe and grip over Ukraine with the proposed Nord Stream 2 natural gas pipeline, the top U.S. energy diplomat said on Monday, in a step-up of Washington’s rhetoric against the pipeline.

“Through Nord Stream 2, Russia seeks to increase its leverage of the West while severing Ukraine from Europe,” Francis Fannon, the U.S. assistant secretary for energy resources at the State Department, told reporters in a teleconference.

The pipeline has been opposed both by President Donald Trump, a Republican, and his Democratic predecessor Barack Obama as a political tool for Russia to consolidate power over Europe.

Much of the gas that Europe currently gets from Russia via pipeline goes through Ukraine, which collects billions of dollars in transit charges making up to 3 percent of its gross domestic product.

If Nord Stream 2, which aims to bring Russian gas to Western Europe via the Baltic Sea, and TurkStream, a pipeline to bring gas from Russia to Turkey, are completed it would mean transit revenues would evaporate, “It’s kind of just what’s left over that would be transited, potentially transited, through Ukraine,” Fannon said. “Even then that’s only based on whether we can trust (Russia President Vladimir) Putin, I don’t think the record should indicate anyone should.”

Putin has said that Nord Stream 2, a consortium of Russia’s state-controlled Gazprom and five European companies, is purely economic and not directed against other countries. Russian gas could continue to go through Ukraine if the pipeline is completed, Putin has said.

But Russia has stopped shipments of gas to Ukraine in winter in recent years over a series of pricing disputes. Critics of Nord Stream 2 say it could increase Russia’s ability to manipulate European energy markets. In an increase in tensions, Russia last month seized three Ukrainian naval ships off the coast of Russia-annexed Crimea in the Sea of Azov after opening fire on them.

Germany’s foreign minister, Heiko Maas, said this month that Berlin will not withdraw its political support for Nord Stream 2 and that German Chancellor Angela Merkel had secured a pledge from Putin in August allowing gas shipments across Ukraine’s territory.

Fannon made his comments after traveling to Eastern Europe to discuss projects that could offer Europe a more diverse natural gas supply. Those included a floating liquefied natural gas terminal on the Adriatic island of Krk that could one day receive gas imports from the United States, which is increasing its exports of the fuel, or the eastern Mediterranean.

Fannon said he expected Russia’s aggression in the Sea of Azov to boost support for several bills in the U.S. Congress that include new sanctions on Russia’s energy sector, though he refrained from commenting on any particular legislation.

US Diplomat: Russia Gas Pipeline to Boost Grip on Ukraine, Europe

Russia is seeking to boost its power in Europe and grip over Ukraine with the proposed Nord Stream 2 natural gas pipeline, the top U.S. energy diplomat said on Monday, in a step-up of Washington’s rhetoric against the pipeline.

“Through Nord Stream 2, Russia seeks to increase its leverage of the West while severing Ukraine from Europe,” Francis Fannon, the U.S. assistant secretary for energy resources at the State Department, told reporters in a teleconference.

The pipeline has been opposed both by President Donald Trump, a Republican, and his Democratic predecessor Barack Obama as a political tool for Russia to consolidate power over Europe.

Much of the gas that Europe currently gets from Russia via pipeline goes through Ukraine, which collects billions of dollars in transit charges making up to 3 percent of its gross domestic product.

If Nord Stream 2, which aims to bring Russian gas to Western Europe via the Baltic Sea, and TurkStream, a pipeline to bring gas from Russia to Turkey, are completed it would mean transit revenues would evaporate, “It’s kind of just what’s left over that would be transited, potentially transited, through Ukraine,” Fannon said. “Even then that’s only based on whether we can trust (Russia President Vladimir) Putin, I don’t think the record should indicate anyone should.”

Putin has said that Nord Stream 2, a consortium of Russia’s state-controlled Gazprom and five European companies, is purely economic and not directed against other countries. Russian gas could continue to go through Ukraine if the pipeline is completed, Putin has said.

But Russia has stopped shipments of gas to Ukraine in winter in recent years over a series of pricing disputes. Critics of Nord Stream 2 say it could increase Russia’s ability to manipulate European energy markets. In an increase in tensions, Russia last month seized three Ukrainian naval ships off the coast of Russia-annexed Crimea in the Sea of Azov after opening fire on them.

Germany’s foreign minister, Heiko Maas, said this month that Berlin will not withdraw its political support for Nord Stream 2 and that German Chancellor Angela Merkel had secured a pledge from Putin in August allowing gas shipments across Ukraine’s territory.

Fannon made his comments after traveling to Eastern Europe to discuss projects that could offer Europe a more diverse natural gas supply. Those included a floating liquefied natural gas terminal on the Adriatic island of Krk that could one day receive gas imports from the United States, which is increasing its exports of the fuel, or the eastern Mediterranean.

Fannon said he expected Russia’s aggression in the Sea of Azov to boost support for several bills in the U.S. Congress that include new sanctions on Russia’s energy sector, though he refrained from commenting on any particular legislation.

Study: Illegal Gold Rush Destroying Amazon Rainforest

A rise in small-scale illegal gold mining is destroying swaths of the Amazon rainforest, according to research released on Monday that maps the scale of the damage for the first time.

Researchers used satellite imagery and government data to identify at least 2,312 illegal mining sites across six countries in South America – Brazil, Bolivia, Colombia, Peru, Ecuador and Venezuela.

The maps show the spread and scale of illegal mining and were produced by the Amazon Socio-environmental, Geo-referenced Information Project (RAISG), which brings together a network of nonprofit environmental groups in the Amazon.

“The scope of illegal mining in the Amazon, especially in indigenous territories and protected natural areas, has grown exponentially in recent years, with the rise in the price of gold,” said Beto Ricardo, head of the RAISG.

Soaring prices in the decade to 2010 sparked a gold rush and hundreds of thousands of illegal miners poured into the Amazon rainforest hoping to strike it rich.

The mercury they use to separate gold from grit is poisoning the rivers, the report said. Mercury seeps into soil, rivers and the food chain and can cause serious health problems.

“Illegal mining can kill us,” Agustin Ojeda, an indigenous leader of Venezuela’s Shirian indigenous people, is quoted as saying in the report.

“The mining wells allow for the reproduction of mosquitoes that bring diseases, such as malaria. The effect of mercury on water isn’t taken seriously either. It not only contaminates water but also the fish we eat.”

Environmentalists fear Brazil’s President-elect Jair Bolsonaro will open up more protected land for mining and other projects when he takes office on January 1, placing further pressure on the Amazon.

Right-wing Bolsonaro has said he plans to stop recognizing new native reservation lands, and he also favors a relaxation of environmental licensing processes for infrastructure projects and other businesses.

“The concern is enormous,” said Ricardo, who is also an anthropologist at Brazil’s Socioenvironmental Institute (ISA), one of the six groups that produced the report.

“The public narrative is to clear the area (of forests), weaken those institutions that monitor and control in favor of agribusiness and mining for the production and export of commodities, which will hasten the deterioration of the forest,” he told the Thomson Reuters Foundation.

Brazil is home to the world’s largest rainforest in the Amazon, whose preservation is seen by climate experts as critical to avoiding higher concentrations of carbon dioxide in the atmosphere that have been blamed for global warming.

In one of the worst hit areas, stretching between Brazil and Venezuela and home to the Yanomami indigenous people, the study showed there were 55 illegal mining sites in protected areas.

“Illegal mining is a serious threat to the Amazon rainforest and the indigenous peoples who call it home,” said Moira Birss, spokeswoman for Amazon Watch, a U.S.-based non-profit group.

“This report provides important new data and clearly demonstrates the scope of the problem, and as such is a call to action to regional governments and the companies that purchase the illegally-mined minerals to take bold, concrete action to stop the destruction.”

Study: Illegal Gold Rush Destroying Amazon Rainforest

A rise in small-scale illegal gold mining is destroying swaths of the Amazon rainforest, according to research released on Monday that maps the scale of the damage for the first time.

Researchers used satellite imagery and government data to identify at least 2,312 illegal mining sites across six countries in South America – Brazil, Bolivia, Colombia, Peru, Ecuador and Venezuela.

The maps show the spread and scale of illegal mining and were produced by the Amazon Socio-environmental, Geo-referenced Information Project (RAISG), which brings together a network of nonprofit environmental groups in the Amazon.

“The scope of illegal mining in the Amazon, especially in indigenous territories and protected natural areas, has grown exponentially in recent years, with the rise in the price of gold,” said Beto Ricardo, head of the RAISG.

Soaring prices in the decade to 2010 sparked a gold rush and hundreds of thousands of illegal miners poured into the Amazon rainforest hoping to strike it rich.

The mercury they use to separate gold from grit is poisoning the rivers, the report said. Mercury seeps into soil, rivers and the food chain and can cause serious health problems.

“Illegal mining can kill us,” Agustin Ojeda, an indigenous leader of Venezuela’s Shirian indigenous people, is quoted as saying in the report.

“The mining wells allow for the reproduction of mosquitoes that bring diseases, such as malaria. The effect of mercury on water isn’t taken seriously either. It not only contaminates water but also the fish we eat.”

Environmentalists fear Brazil’s President-elect Jair Bolsonaro will open up more protected land for mining and other projects when he takes office on January 1, placing further pressure on the Amazon.

Right-wing Bolsonaro has said he plans to stop recognizing new native reservation lands, and he also favors a relaxation of environmental licensing processes for infrastructure projects and other businesses.

“The concern is enormous,” said Ricardo, who is also an anthropologist at Brazil’s Socioenvironmental Institute (ISA), one of the six groups that produced the report.

“The public narrative is to clear the area (of forests), weaken those institutions that monitor and control in favor of agribusiness and mining for the production and export of commodities, which will hasten the deterioration of the forest,” he told the Thomson Reuters Foundation.

Brazil is home to the world’s largest rainforest in the Amazon, whose preservation is seen by climate experts as critical to avoiding higher concentrations of carbon dioxide in the atmosphere that have been blamed for global warming.

In one of the worst hit areas, stretching between Brazil and Venezuela and home to the Yanomami indigenous people, the study showed there were 55 illegal mining sites in protected areas.

“Illegal mining is a serious threat to the Amazon rainforest and the indigenous peoples who call it home,” said Moira Birss, spokeswoman for Amazon Watch, a U.S.-based non-profit group.

“This report provides important new data and clearly demonstrates the scope of the problem, and as such is a call to action to regional governments and the companies that purchase the illegally-mined minerals to take bold, concrete action to stop the destruction.”

Puerto Rico Overhauls Tax Laws to Help Workers, Businesses

Puerto Rico’s governor signed a bill Monday to overhaul the U.S. territory’s tax laws in a bid to attract foreign investment and help workers and some business owners amid a 12-year recession.

The bill creates an earned income tax credit, reduces a sales tax on prepared food and eliminates a business-to-business tax for small to medium companies, among other things.

Officials say the bill represents nearly $2 billion in tax relief at a time when the island is struggling to recover from Hurricane Maria and restructure a portion of its more than $70 billion public debt load.

“There’s still a lot of work to be done to completely transform the tax system … but we see it as a good first step,” said Cecilia Colon, president of Puerto Rico’s Association of Public Accountants.

Governor Ricardo Rossello said the earned income tax credit will result in benefits ranging from $300 to $2,000 for each worker, representing a total of $200 million in annual savings. He also said an 11.5 percent sales tax on processed food will drop to 7 percent starting in October 2019.

The bill also eliminates a business-to-business tax for businesses that generate $200,000 or less a year, representing $79 million in savings in five years, Rossello said. Nearly 80 percent of businesses in Puerto Rico will benefit from that measure, added Treasury Secretary Teresa Fuentes.

In addition, the new law reduces the tax rate for corporations from 39 percent to 37.5 percent.

“Today marks an important day for maintaining Puerto Rico’s competitiveness,” she said.

The measure also legalizes tens of thousands of slot machines, but also limits the number of machines owned, with legislators estimating they will generate at least $160 million a year. Up to $40 million of that revenue will go to the government’s general fund, with the remaining funds directed to help municipalities and police officers.

However, Natalie Jaresko, executive director of the federal control board that oversees Puerto Rico’s finances, has repeatedly said the island needs a much broader tax reform that improves revenue collection and promotes economic development. She said in a statement the board also is concerned that the government and legislature have not proved that the changes will not “cannibalize” revenues.

Antonio Fernos, a Puerto Rico economics and finance professor, questioned the effectiveness of the new law, which appears to generate less overall revenue.

“It doesn’t make sense,” he said. “Why are they doing this, especially on an island that is insolvent and needs more sources of revenue?”

Fernos also argued that the earned income tax credit is not enough to lure people out of the informal economy: “I don’t foresee anyone abandoning tax evasion schemes.”

Chinese Court Bans iPhone Models in Patent Dispute

A Chinese court has ordered a ban in the country on most iPhone sales  because of a patent dispute between iPhone maker Apple and U.S. chipmaker Qualcomm.

The Fuzhou Intermediate People’s Court granted Qualcomm’s request for preliminary injunctions against four subsidiaries of Apple, ordering them to immediately stop selling the iPhone 6S through the iPhone X that use older versions of Apple’s iOS operating system, according to a statement from Qualcomm Monday.

Apple said in a statement Monday its iPhones using newer operating systems remain on sale in China.

The Chinese court found Apple violated two of Qualcomm’s software patents involving resizing photographs and managing applications on a touch screen.

Apple shares fell Monday on the news.

“Qualcomm’s effort to ban our products is another desperate move by a company whose illegal practices are under investigation by regulators around the world,” Apple said in its statement.

Qualcomm’s general counsel, Don Rosenberg, said in a statement Monday “Apple continues to benefit from our intellectual property while refusing to compensate us. These court orders are further confirmation of the strength of Qualcomm’s vast patent portfolio.”

China’s court decision is the latest legal action in a long-running dispute between the California tech giants.

Qualcomm has also asked regulators in the United States to ban several iPhone models over patent disputes, however U.S. officials have so far declined to do so.

Chinese Court Bans iPhone Models in Patent Dispute

A Chinese court has ordered a ban in the country on most iPhone sales  because of a patent dispute between iPhone maker Apple and U.S. chipmaker Qualcomm.

The Fuzhou Intermediate People’s Court granted Qualcomm’s request for preliminary injunctions against four subsidiaries of Apple, ordering them to immediately stop selling the iPhone 6S through the iPhone X that use older versions of Apple’s iOS operating system, according to a statement from Qualcomm Monday.

Apple said in a statement Monday its iPhones using newer operating systems remain on sale in China.

The Chinese court found Apple violated two of Qualcomm’s software patents involving resizing photographs and managing applications on a touch screen.

Apple shares fell Monday on the news.

“Qualcomm’s effort to ban our products is another desperate move by a company whose illegal practices are under investigation by regulators around the world,” Apple said in its statement.

Qualcomm’s general counsel, Don Rosenberg, said in a statement Monday “Apple continues to benefit from our intellectual property while refusing to compensate us. These court orders are further confirmation of the strength of Qualcomm’s vast patent portfolio.”

China’s court decision is the latest legal action in a long-running dispute between the California tech giants.

Qualcomm has also asked regulators in the United States to ban several iPhone models over patent disputes, however U.S. officials have so far declined to do so.

Musk Suggests Tesla’s New Chairwoman Won’t Rein Him in

Tesla CEO Elon Musk dismissed the idea that the company’s new chairwoman can exert control over his behavior.

Robyn Denholm, an Australian telecommunications executive, was appointed chairwoman of Tesla’s board last month, replacing Musk as part of a securities fraud settlement with U.S. government regulators.

But Musk said “it’s not realistic” to expect Denholm to watch over his actions because he remains the electric car company’s largest shareholder.

“It’s not realistic in the sense that I am the largest shareholder in the company,” Musk said in an interview with CBS’ “60 Minutes,” broadcast Sunday evening, adding that a large percentage of shareholders support him and all he needs is about one-third of them.

“I can just call for a shareholder vote and get anything done that I want,” he said.

Musk, who owns about 20 percent of Tesla, gave up the chairman role under a settlement with the Securities Exchange Commission, which had charged the CEO with misleading investors in August with a tweet that said he had “funding secured” for taking the company private.

 The SEC settlement also required the company to vet Musk’s tweets and other comments about the company before they are released to the public. Musk also shrugged off that provision, saying none of his tweets have been censored so far and the company does not review his posts to determine beforehand whether they could potentially affect the company’s stock price.

“I guess we might make some mistakes. Who knows?” Musk said.

Musk said he does not respect the SEC, but when asked if he would obey the settlement, he said: “Because I respect the justice system.”

After the interview was aired, Tesla said in a statement that the company is complying with the SEC settlement. The part that requires pre-approval of communications that could affect the stock price technically must be in place by December 28, the company said.

Denholm’s appointment in November drew a mixed response from corporate governance experts, who praised her financial expertise but questioned her ability to carve out an independent path for a board that has been dominated by Musk.

Denholm has been on Tesla’s board for five years. She is the chief financial officer and strategy head at Telstra Corp. Ltd., Australia’s largest telecommunications company, but will step down from that company after a six-month notice period and work at Tesla full-time.

Musk told “60 Minutes” interviewer Lesley Stahl that he had hand-picked Denholm.

The SEC settlement would allow Musk to return as chairman after three years, subject to shareholder approval. Musk said he would not be interested.

“I actually prefer to have no titles at all,” Musk said.

Amid its CEO’s erratic behavior, Tesla delivered on promises to accelerate production of its pivotal Model 3 sedan, progress seen as essential to the company’s ability to repay $1.3 billion in debt due within the next six months.

The company also fulfilled a pledge to make money during the third quarter, and Musk has said he expects the company to remain profitable. He said Tesla would consider buying any plant that rival GM closes as part of a restructuring plan that could cost up to 14,000 jobs.

Musk Suggests Tesla’s New Chairwoman Won’t Rein Him in

Tesla CEO Elon Musk dismissed the idea that the company’s new chairwoman can exert control over his behavior.

Robyn Denholm, an Australian telecommunications executive, was appointed chairwoman of Tesla’s board last month, replacing Musk as part of a securities fraud settlement with U.S. government regulators.

But Musk said “it’s not realistic” to expect Denholm to watch over his actions because he remains the electric car company’s largest shareholder.

“It’s not realistic in the sense that I am the largest shareholder in the company,” Musk said in an interview with CBS’ “60 Minutes,” broadcast Sunday evening, adding that a large percentage of shareholders support him and all he needs is about one-third of them.

“I can just call for a shareholder vote and get anything done that I want,” he said.

Musk, who owns about 20 percent of Tesla, gave up the chairman role under a settlement with the Securities Exchange Commission, which had charged the CEO with misleading investors in August with a tweet that said he had “funding secured” for taking the company private.

 The SEC settlement also required the company to vet Musk’s tweets and other comments about the company before they are released to the public. Musk also shrugged off that provision, saying none of his tweets have been censored so far and the company does not review his posts to determine beforehand whether they could potentially affect the company’s stock price.

“I guess we might make some mistakes. Who knows?” Musk said.

Musk said he does not respect the SEC, but when asked if he would obey the settlement, he said: “Because I respect the justice system.”

After the interview was aired, Tesla said in a statement that the company is complying with the SEC settlement. The part that requires pre-approval of communications that could affect the stock price technically must be in place by December 28, the company said.

Denholm’s appointment in November drew a mixed response from corporate governance experts, who praised her financial expertise but questioned her ability to carve out an independent path for a board that has been dominated by Musk.

Denholm has been on Tesla’s board for five years. She is the chief financial officer and strategy head at Telstra Corp. Ltd., Australia’s largest telecommunications company, but will step down from that company after a six-month notice period and work at Tesla full-time.

Musk told “60 Minutes” interviewer Lesley Stahl that he had hand-picked Denholm.

The SEC settlement would allow Musk to return as chairman after three years, subject to shareholder approval. Musk said he would not be interested.

“I actually prefer to have no titles at all,” Musk said.

Amid its CEO’s erratic behavior, Tesla delivered on promises to accelerate production of its pivotal Model 3 sedan, progress seen as essential to the company’s ability to repay $1.3 billion in debt due within the next six months.

The company also fulfilled a pledge to make money during the third quarter, and Musk has said he expects the company to remain profitable. He said Tesla would consider buying any plant that rival GM closes as part of a restructuring plan that could cost up to 14,000 jobs.

Musk Suggests Tesla’s New Chairwoman Won’t Rein Him In

Tesla CEO Elon Musk dismissed the idea that the company’s new chairwoman can exert control over his behavior.

Robyn Denholm, an Australian telecommunications executive, was appointed chairwoman of Tesla’s board last month, replacing Musk as part of a securities fraud settlement with U.S. government regulators.

But Musk said “it’s not realistic” to expect Denholm to watch over his actions because he remains the electric car company’s largest shareholder.

“It’s not realistic in the sense that I am the largest shareholder in the company,” Musk said in an interview with CBS’ “60 Minutes,” broadcast Sunday evening, adding that a large percentage of shareholders support him and all he needs is about one-third of them.

“I can just call for a shareholder vote and get anything done that I want,” he said.

Musk, who owns about 20 percent of Tesla, gave up the chairman role under a settlement with the Securities Exchange Commission, which had charged the CEO with misleading investors in August with a tweet that said he had “funding secured” for taking the company private.

 The SEC settlement also required the company to vet Musk’s tweets and other comments about the company before they are released to the public. Musk also shrugged off that provision, saying none of his tweets have been censored so far and the company does not review his posts to determine beforehand whether they could potentially affect the company’s stock price.

“I guess we might make some mistakes. Who knows?” Musk said.

Musk said he does not respect the SEC, but when asked if he would obey the settlement, he said: “Because I respect the justice system.”

After the interview was aired, Tesla said in a statement that the company is complying with the SEC settlement. The part that requires pre-approval of communications that could affect the stock price technically must be in place by December 28, the company said.

Denholm’s appointment in November drew a mixed response from corporate governance experts, who praised her financial expertise but questioned her ability to carve out an independent path for a board that has been dominated by Musk.

Denholm has been on Tesla’s board for five years. She is the chief financial officer and strategy head at Telstra Corp. Ltd., Australia’s largest telecommunications company, but will step down from that company after a six-month notice period and work at Tesla full-time.

Musk told “60 Minutes” interviewer Lesley Stahl that he had hand-picked Denholm.

The SEC settlement would allow Musk to return as chairman after three years, subject to shareholder approval. Musk said he would not be interested.

“I actually prefer to have no titles at all,” Musk said.

Amid its CEO’s erratic behavior, Tesla delivered on promises to accelerate production of its pivotal Model 3 sedan, progress seen as essential to the company’s ability to repay $1.3 billion in debt due within the next six months.

The company also fulfilled a pledge to make money during the third quarter, and Musk has said he expects the company to remain profitable. He said Tesla would consider buying any plant that rival GM closes as part of a restructuring plan that could cost up to 14,000 jobs.

Musk Suggests Tesla’s New Chairwoman Won’t Rein Him In

Tesla CEO Elon Musk dismissed the idea that the company’s new chairwoman can exert control over his behavior.

Robyn Denholm, an Australian telecommunications executive, was appointed chairwoman of Tesla’s board last month, replacing Musk as part of a securities fraud settlement with U.S. government regulators.

But Musk said “it’s not realistic” to expect Denholm to watch over his actions because he remains the electric car company’s largest shareholder.

“It’s not realistic in the sense that I am the largest shareholder in the company,” Musk said in an interview with CBS’ “60 Minutes,” broadcast Sunday evening, adding that a large percentage of shareholders support him and all he needs is about one-third of them.

“I can just call for a shareholder vote and get anything done that I want,” he said.

Musk, who owns about 20 percent of Tesla, gave up the chairman role under a settlement with the Securities Exchange Commission, which had charged the CEO with misleading investors in August with a tweet that said he had “funding secured” for taking the company private.

 The SEC settlement also required the company to vet Musk’s tweets and other comments about the company before they are released to the public. Musk also shrugged off that provision, saying none of his tweets have been censored so far and the company does not review his posts to determine beforehand whether they could potentially affect the company’s stock price.

“I guess we might make some mistakes. Who knows?” Musk said.

Musk said he does not respect the SEC, but when asked if he would obey the settlement, he said: “Because I respect the justice system.”

After the interview was aired, Tesla said in a statement that the company is complying with the SEC settlement. The part that requires pre-approval of communications that could affect the stock price technically must be in place by December 28, the company said.

Denholm’s appointment in November drew a mixed response from corporate governance experts, who praised her financial expertise but questioned her ability to carve out an independent path for a board that has been dominated by Musk.

Denholm has been on Tesla’s board for five years. She is the chief financial officer and strategy head at Telstra Corp. Ltd., Australia’s largest telecommunications company, but will step down from that company after a six-month notice period and work at Tesla full-time.

Musk told “60 Minutes” interviewer Lesley Stahl that he had hand-picked Denholm.

The SEC settlement would allow Musk to return as chairman after three years, subject to shareholder approval. Musk said he would not be interested.

“I actually prefer to have no titles at all,” Musk said.

Amid its CEO’s erratic behavior, Tesla delivered on promises to accelerate production of its pivotal Model 3 sedan, progress seen as essential to the company’s ability to repay $1.3 billion in debt due within the next six months.

The company also fulfilled a pledge to make money during the third quarter, and Musk has said he expects the company to remain profitable. He said Tesla would consider buying any plant that rival GM closes as part of a restructuring plan that could cost up to 14,000 jobs.

The Power of Political Cartoons

Editorial cartoons — also known as political cartoons — have been around as long as there’s been political discourse and dissent. In the U.S. they’re a vibrant part of American culture and history, and no matter how controversial, are protected as free speech under the First Amendment to the U.S. Constitution. VOA’s Julie Taboh spoke with a Pulitzer-Prize-winning cartoonist about the current state of cartooning in the U.S. — and overseas.

The Power of Political Cartoons

Editorial cartoons — also known as political cartoons — have been around as long as there’s been political discourse and dissent. In the U.S. they’re a vibrant part of American culture and history, and no matter how controversial, are protected as free speech under the First Amendment to the U.S. Constitution. VOA’s Julie Taboh spoke with a Pulitzer-Prize-winning cartoonist about the current state of cartooning in the U.S. — and overseas.

Editorial Cartoons Pack Powerful Messages

Editorial cartoons — also known as political cartoons — have been around as long as there’s been political discourse and dissent. 

In the U.S., they’re a vibrant part of American culture and history, and no matter how controversial, are protected as free speech under the First Amendment to the U.S. Constitution. In fact, the late Pulitzer-Prize winning cartoonist Doug Marlette described them as “the acid test of the First Amendment.” 

An unusual calling

Matt Wuerker is a staff cartoonist for Politico, an American political journalism company based just outside the nation’s capital. 

He says it’s an unusual job.

“We’re a strange mix of things in that we are making serious commentary on serious topics, but we’re doing it not so seriously,” he says. “We like to see ourselves as opinion columnists that you’d see in a newspaper or somebody on TV who’s offering their opinion… and we get to draw our opinions with silly pictures!”

The Pulitzer-Prize winning cartoonist says the main advantage of a political cartoon is being able to communicate an opinion very quickly. 

“I can draw a picture and put in a little word bubble and you can read it in about four seconds and you get it,” he says. “So it’s a very interesting vehicle for expressing an opinion if you do it right.”

“It has to hit you in the face kind of hard and fast and you know it when you’ve been hit.”

A good example of that is his popular Thanksgiving cartoon where he shows a family gathered around the dinner table about to partake in the much-revered Thanksgiving meal. While Mother brings the turkey to the table, family members are shown immersed in their mobile phones instead of paying attention to this time-honored ritual.

He was inspired by a popular painting by American artist Norman Rockwell who painted idyllic scenes reflecting American culture. 

While Wuerker created the cartoon for an American audience, its message is universal; a striking example of how technology is disrupting such simple rituals as meal time.

A variety of styles

Wuerker’s cartoons are very ornate and detailed and painted in a variety of colors. But he’s a bit envious of other cartoonists he says, who can express themselves with a simple line drawing. They can “make the statement with very little drawing and it can be just as effective, if not maybe more effective,” he says.

The format of cartoons has evolved, he says.

“When I started 40 years ago doing cartoons, an editorial cartoon was a black-and-white single-panel cartoon in a newspaper. And now cartoons can be color, they can be animated, they can be graphic novels that are political.”

Like the 2018 Pulitzer Prize-winning work by journalist Jake Halpern and illustrator Michael Sloan currently on display at the Newseum in Washington. 

“They did something quite extraordinary,” says Patty Rhule, Vice President of Exhibits at the Newseum. “They did a 20-part series in the New York Times following the story of two Syrian immigrants who fled the war in Syria to come to this country and start a new life with their families.”

It marked the newspaper’s first Pulitzer Prize for editorial cartooning.

Rhule says editorial cartoons “bring faces and art to current events and tell stories in a way that journalists who are reporting strict facts can’t always do,” adding that the graphic novel format the two journalists used “takes cartooning to a whole new level; they add a note of commentary on what is happening in the world.”

Editorial cartoons have always been an important part of American culture, she adds.

“Since the beginning of this country, editorial cartoons have been framing issues and framing debate — from Ben Franklin’s Live Free or Die [Join, or Die], the segmented snake that rallied the 13 colonies together. So it’s always been a part of this country and the world’s way of freely expressing ideas and debate, and so I hope they never go away.”

Cartoon backlash 

But free expression sometimes comes at a heavy price. 

In 2015, Islamic terrorists attacked the offices of Charlie Hebdo, a French satirical magazine, after it published unflattering cartoons of the Prophet Mohammed. Twelve people were killed in the attack, including several prominent cartoonists.

“And within their [Islamic] culture they are certainly entitled to be offended, but they’re not entitled to decide that they’re going to go to Paris and kill the people who created that cartoon that was really intended for a French audience,” Wuerker says.

He has great respect, he says, for cartoonists who keep working despite the dangers.

“In the course of my career I’ve gotten to know a lot of cartoonists from different parts of the world, and the ones that really impress me are the ones that keep drawing despite having to live with constant threats all the time.” 

“Many cartoonists have had to flee their country because they were brave enough to take on regimes or political figures that don’t understand that a free press is a salutary thing,” he adds.

He hopes that in these troubled times, people will appreciate cartoons for what they are.

“The times have become so vitriolic and people are so quick to anger. I think the good kind of political cartooning is something that slips in a really good political point with a certain amount of good humor and wit that people will process and hopefully won’t make them angry but will make them think.”