Category Archives: News

Worldwide news. News is information about current events. This may be provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, or through the testimony of observers and witnesses to events. News is sometimes called “hard news” to differentiate it from soft media

Trump and Democrats Prepare for a Reset in 2019

The year 2018 proved to be one of change in U.S. politics.  Opposition Democrats won back control of the House of Representatives in the November midterm elections, and that could have a profound impact on the next two years of Donald Trump’s presidency.

A preview of what the year ahead could look like came in the December 11 Oval Office meeting between President Trump and Democratic congressional leaders Representative Nancy Pelosi and Senator Chuck Schumer.

The verbal jousting over the president’s demand for a border wall with Mexico is likely the first of many partisan showdowns ahead given that Democrats will hold the majority in the House beginning in early January.

“Democrats will certainly use their majority to highlight some differences with Donald Trump and to investigate the Trump administration,” said John Fortier of the Bipartisan Policy Center, a recent guest on VOA’s “Encounter” program. “And then we will be spending this year leading into the presidential election of 2020, so it is a transition year.”

Investigations ahead

 

Democrats fueled their midterm victory with opposition to President Donald Trump spurred by a strong turnout from women and progressive voters on behalf of candidates like Massachusetts Democrat Ayanna Pressley.

“We have affirmed that while this could go down as the darkest time in our history, we will not let it be. And instead, we will be defined by our hopes, not our fears,” Pressley told supporters on election night.

Democrats picked up 40 House seats but Republicans bolstered their majority in the Senate and will hold a 53-to-47-seat edge in January.

Even though Trump now faces the prospect of a stalled legislative agenda and numerous oversight investigations launched by House Democrats, he remains defiant.

“Almost from the time I announced I was going to run, they have been giving us this investigation fatigue. It has been a long time,” the president told a White House news conference shortly after the election. “They have got nothing. Zero. You know why? Because there is nothing. But they can play that game but we can play it better.”

Deal or no deal?

But Democratic control of the House will force the president to adjust to a new political reality, according to University of Virginia expert Larry Sabato.

“Trump has faced relatively few problems in dealing with Congress [in his first two years] at least compared to other presidents who were dealing with one or both branches being controlled by the opposition party,” Sabato told Associated Press Television.

Trump can boast of his tax cut passed by a Republican Congress and his two Supreme Court appointments approved by the Republican-controlled Senate.

But next year, without full Republican control of Congress, and with an eye on an approaching re-election campaign, Trump could be more interested in cutting some deals with Democrats.

Jim Kessler is with the center-left policy group Third Way.

“At this point we have not seen Donald Trump really have the ability to work with Democrats to cut any sort of deal in the first two years,” Kessler told VOA. “So, Mr. ‘Art of the Deal’ has really fallen short and we will see if that is possible this time.”

Russia probe looms

Also looming on the horizon for the Trump White House in 2019, though, is the Russia investigation, which could move toward a conclusion in the coming months.

“This is a watershed year coming up for President Trump,” said Tom DeFrank of the National Journal, who has covered Washington politics for 40 years. “I mean, he [Trump] is going to have to confront whatever it is that Robert Mueller says about him or alleges, and I think it is going to be a difficult year for him.”

Trump will be increasingly focused on the next presidential election, but so will scores of Democrats who hope to defeat him in 2020, said University of Virginia analyst Guian McKee.

“You know, I think the reality is that the 2020 campaign has begun. That is probably unfortunate, but that shapes everything going forward,” said McKee.

Given the political reset between Congress and the White House and the uncertainty of what the Russia investigation will find, what happens in 2019 could go a long way to determining whether Donald Trump is a one-term or two-term president.

Trump and Democrats Prepare for Reset in 2019

The year 2018 proved to be one of change in U.S. politics. Opposition Democrats won back control of the House of Representatives in the November midterm elections, and that could have a profound impact on the next two years of Donald Trump’s presidency. VOA National Correspondent Jim Malone has more from Washington.

Trump Praises Treasury Secretary Mnuchin But Hits Fed Again on Rate Rises

President Donald Trump on Tuesday expressed confidence in Treasury Secretary Steven Mnuchin amid worries over a weakening economy and a stock market slump, but repeated his criticism of the U.S. Federal Reserve, saying it has raised interest rates too quickly.

Speaking to reporters in the Oval Office after a Christmas video conference with U.S. troops deployed abroad, Trump also said U.S. companies were “the greatest in the world” and presented a “tremendous” buying opportunity.

Asked if he has confidence in Mnuchin, Trump said: “Yes, I do. Very talented guy. Very smart person,” he said. His comments came after Mnuchin on Monday held a conference call with U.S. regulators to discuss plunging U.S. stock markets.

The call did more to rattle markets than to assure them. All three major U.S. stock indexes ended down more than 2 percent on the day before the Christmas holiday. The S&P 500 has lost about 19.8 percent from its Sept. 20 closing high, just shy of the 20 percent threshold that commonly defines a bear market.

Mnuchin also spoke on Sunday with the heads of the six largest U.S. banks, who confirmed they have enough liquidity to continue lending and that “the markets continue to function properly.”

Investors said his move to convene a call with the president’s Working Group on Financial Markets, known as the “Plunge Protection team,” may have weighed on sentiment.

On Tuesday, Trump praised U.S. companies and said their lower stock prices present an opportunity for investors. “I have great confidence in our companies. We have companies, the greatest in the world, and they’re doing really well. They have record kinds of numbers. So I think it’s a tremendous opportunity to buy.”

U.S. stocks have dropped sharply in recent weeks on concerns over weaker economic growth. Trump has largely laid the blame for economic headwinds on the Fed, openly criticizing its chairman, Jerome Powell, whom he appointed.

“They’re raising interest rates too fast because they think the economy is so good. But I think that they will get it pretty soon,” Trump said, repeating his criticism.

Media reports have suggested Trump has gone as far as discussing firing Powell, and he told Reuters in August that he was “not thrilled” with the chairman.

On Monday, Trump said “The only problem our economy has is the Fed.”

The Fed hiked interest rates again last week, as had been widely expected.

Trump: Shutdown Won’t End Until Wall Funded

The partial shutdown of the U.S. government has moved no closer to a resolution, with President Donald Trump asserting on Tuesday the shutdown will continue until his demand for funds to construct a U.S.-Mexico border wall are met.

“I can’t tell you when the government is going to be open. I can tell you it’s not going to be open until we have a wall, a fence, whatever they’d like to call it,” Trump said in the Oval Office after a video conference with U.S. troops, who are stationed overseas.

Trump claimed the hundreds of thousands of federal workers who are furloughed due to the shutdown also want the wall, despite a lack of evidence supporting the contention.

On Monday, Trump asserted Democrats “must end” the standoff while Democratic leaders in Congress blamed Trump for “plunging the country into chaos.”

The two sides traded their accusations ahead of Christmas, the fourth day in which parts of the government are closed because Congress and Trump have not been able to agree on necessary spending legislation.

While government agencies dealing with national security and public safety remain open, other offices are closed and 800,000 federal workers are on furlough. Those who are considered to be essential employees are reporting for duty, but will not get a paycheck for that work until the shutdown is over.

“The president wanted the shutdown, but seems not to know how to get himself out of it,” Senator Minority Leader Chuck Schumer and incoming House speaker Nancy Pelosi wrote in a joint statement.

“The stock market is tanking and the president is waging a personal war on the Federal Reserve after he just fired the secretary of defense,” they said.

Trump has demanded $5 billion for a wall along the U.S.-Mexico border. Democrats have offered $1.3 billion for other border security measures. 

The president canceled his Christmas vacation to his Florida resort because of the impasse with Congress.

“I am all alone (poor me) in the White House waiting for the Democrats to come back and make a deal on desperately needed Border Security,” he tweeted Monday. “At some point, the Democrats not wanting to make a deal will cost our Country more than the Border Wall we are all talking about. Crazy.”

Another Trump tweet claimed “virtually every Democrat” strongly supported a “Border Wall or Fence” but turned against the idea after he made it an important part of his campaign for president.

Most Republican lawmakers, meanwhile, have rallied around Trump’s demand.

“One would think that securing our homeland, controlling our borders and protecting the American people, would be bipartisan priorities…a core duty of any nation’s government,” Republican Senate Majority Leader Mitch McConnell said.

In the past, Democrats have been open to approving additional border security funding, including money for a wall, as part of a larger deal on immigration reform.

Earlier this year, Democrats were willing to support wall funding in return for protections for so-called “Dreamers” — immigrants brought to America illegally as children – a deal Trump initially hailed but later abandoned. 

Democrats say Trump was willing to sign a deal to keep the government operating without the full $5 billion, but backed out after those Schumer calls and “right-wing radio and TV talk show hosts” complained.

“Different people from the same White House are saying different things about what the president would accept or not accept…making it impossible to know where they stand at any given moment,” Schumer and Pelosi said.

What is certain, though, is the government will remain closed at least through Thursday and, according to acting Chief of Staff Nick Mulvaney, quite possibly into 2019.

Former Nissan Executive Released from Tokyo Jail

Former Nissan Motor Co. executive Greg Kelly was released from jail in Japan Tuesday after a Tokyo court rejected prosecutors’ request to continue to detain him.

The Tokyo District Court granted his release after setting bail at $636,000.

Kelly had been detained for 37 days after being arrested and charged with underreporting the pay of his boss, ousted Nissan Chairman Carlos Ghosn, by $44 million.

Ghosn was also arrested along with Kelly on November 19 on suspicion of conspiring to understate Ghosn’s pay. Ghosn remains in custody.

The charge is part of a wider effort by Japanese prosecutors and the auto company to show that Ghosn leveraged his position for personal gain.

The court set restrictions on Kelly’s release. Kelly is prohibited from traveling outside Japan without the court’s permission and from meeting with people linked to the case against him.

Zimbabwe Suspends, Refuses to Pay Striking Doctors

There is no holiday cheer for striking doctors in Zimbabwe this Christmas. The country’s health minister announced on Christmas eve that none of the strikers will receive their December salaries. Doctors say the strong-arming will not make them call off their almost month-long strike.

Zimbabwe’s Health Minister Obediah Moyo announced the government was suspending all striking doctors and that they would not be paid.

The doctors have been on strike since December 1, demanding that the government better equip the hospitals and pay them in U.S. dollars.

The doctors say Zimbabwe’s hospitals lack modern technology, medicines, and protective clothing. They say that being paid in the devaluing local currency, called “bond notes,” means a struggle to survive.

But Moyo was firm in rejecting the doctors’ demands.

“Government does not pay salary in foreign currency. It is common cause that we do not print U.S. dollars or any other foreign currency notes,” he said. “[On] payment of December salaries; the government maintains the policy of no work, no pay and those doctors and other health workers who did not participate in the unlawful collective job action have already received their December salaries.”

Moyo said the strike by the doctors was causing “unnecessary deaths and pain of patients.” He did not elaborate with any statistics to back up his claim. But the shortage of state doctors and health care workers has been noticeable in hospitals since the strike began.

Mthabisi Bhebhe is secretary-general of the Zimbabwe Hospital Doctors’ Association. He said the government’s suspension of the doctors and refusing to pay salaries was not productive.

“The honorable minister does not fully address grievances raised by doctors. He had already suspended about 553 doctors nationwide and how do you expect the health system of this nation to continue in such a scenario? The industrial action is still ongoing,” he said.

Union leaders say the government’s rejection of their demands has resulted in low morale among health workers.

Zimbabwe’s health sector has deteriorated in recent years amid poor funding and a struggling economy.

It largely depends on the assistance of international organizations such as USAID and the European Union.

The striking doctors say they are seeking a court order to declare the government’s failure to pay them illegal.

GOP Allies Still Trying to Figure out How to Read Trump

As the first two years of President Donald Trump’s administration close, Republican allies still haven’t figured out how best to influence a leader who takes cues from the forces that swept him to office and seems to fear losing them above all else.

Republicans on Capitol Hill and even the president’s closest advisers have been whipsawed over a series of recent actions that show how intently Trump relies on what is sometimes called his gut — an adherence to campaign promises he made that are being reinforced by a constellation of election gurus, Fox News personalities and others who hold sway like few others.

 

“I know he can be a handful, but he is the president,” Sen. Lindsey Graham, R-S.C., told The Associated Press.

 

On the domestic front, no sooner had Trump signaled he might be backing off his demand for $5 billion to build a border wall with Mexico — easing away from a partial government shutdown — than he took a U-turn after being scolded by conservative allies and pundits, who accused him of wavering on a campaign promise. Now, three days into the shutdown, his budget chief says it could drag into the New Year.

 

On issues abroad, Trump acted against the advice of his national security advisers and issued a surprise decision to pull troops from Syria. That prompted Defense Secretary Jim Mattis to step down and Trump’s special envoy to the coalition fighting Islamic State militants, Brett McGurk, to resign. A drawdown of troops in Afghanistan also appeared to be in the works.

 

As the stock market tumbled on Christmas Eve, Trump lashed out at the Federal Reserve sowing more uncertainty over his public criticism of chairman Jerome Powell.

 

Now, as Republicans prepare to relinquish their hold on government, with Democrats taking control of the House in January, the opportunities — and limits — of the GOP alliance with the Trump White House may be running their course.

 

“I am all alone [poor me] in the White House waiting for the Democrats to come back and make a deal,” the president tweeted.

 

Over and again, Trump has shown himself to be more of a tactical, than strategic, thinker, acting to avoid short-term pain rather than seeking long-term gain.

When Congress was about to keep the government running without a fight over border wall money, Trump felt the outcry from his base and intervened.

 

Trump told House Speaker Paul Ryan and other Republican leaders at the White House he wouldn’t sign a Senate-passed compromise bill, which would have kept border security money at $1.3 billion, not the $5 billion he wanted for the wall with Mexico.

 

The House and Senate gaveled in for a brief Christmas Eve session Monday only to close up quickly for the holidays.

 

“Trump is plunging the country into chaos,” the Democratic leaders Nancy Pelosi and Chuck Schumer said in a joint statement. “Instead of bringing certainty into people’s lives, he’s continuing the Trump Shutdown just to please right-wing radio and TV hosts.”

 

Trump’s sudden moves on Syria left top Republicans on Capitol Hill criticizing his decision to pull out all of the roughly 2,000 U.S. troops. Senate Majority Leader Mitch McConnell, R-Ky., signed on to a letter with other GOP senators urging Trump to reconsider.

 

Graham used a weekend luncheon with conservative lawmakers at the White House to impress on the president the rightness of his instinct on both the border wall and the troop withdrawal in Syria, while also sharing with Trump some ideas for smoothing the policy around both issues.

 

“I told the president, I’m not arguing with your general philosophy,” Graham said. “He’s a good listener.”

 

Graham reminded Trump that while shoring up the border wall is important, “a Southern wall isn’t going to protect you against ISIS.”

 

It’s unclear if Trump was listening. The Pentagon said Monday that Mattis has already signed the order to withdraw U.S. forces from Syria.

 

And Mattis, who was also unhappy with Trump’s order to develop plans to pull out half of the 14,000 troops in Afghanistan, was being pushed out two months early. Irritated by a surge of criticism over his decision, Trump said Deputy Defense Secretary Patrick Shanahan will take over as acting secretary on Jan. 1.

 

Trump’s allies chock up the president’s year-end moves to a wager that the intense support from his base of voters will continue to propel his electoral chances in 2020 — even if polling suggests otherwise.

 

An analysis of VoteCast, a nationwide poll of more than 115,000 midterm voters conducted for The Associated Press by NORC at the University of Chicago, highlights the fractures.

 

A small, but significant slice of voters — the 18 percent who described themselves as only “somewhat” approving of the president — expressed concerns.

 

Compared with the 27 percent of voters who describe themselves as strong Trump supporters, the “somewhat” Trump voters are much more likely to disapprove of Trump on key issues and have reservations about his personality.

 

In a warning signs for Republicans, who just lost their House majority in the November election, those voters are more likely to have voted for Democrats in 2018. They are more educated, somewhat more likely to be women, and more likely to live in suburbs.

 

The president has been busy on the phone to allies on Capitol Hill, talking late into the night with some.

 

Trump seemed “exuberant” at the luncheon, said one Republican, Sen. Richard Shelby of Alabama, the chairman of the Appropriations Committee, who was the only member of the GOP leadership to attend.

 

Ryan, who is retiring, and McConnell have become almost side actors to the year-end shutdown they both tried to avoid, but now will partly own. Both offices said it was up to Trump and Democrats to cut a deal.

 

Shelby said that at lunch Trump did seem like he wanted to reach a deal. At the same time, it’s not always clear whether any of the hours of conversation result in decisions that drift too far from Trump’s own instinct to stay close to his base.

 

“I don’t think it’s imminent we’re going to reach a deal,” Shelby said. “I wish we could.”

 

American Women Turned Anger into Activism in 2018

2018 has been dubbed “The Year of the Woman,” after a record number of women were electetd to national, state and local legislatures across the United States. The diverse group includes several first-timers who took the leap into politics in response to the Trump administration’s policies. VOA’s Jesusemen Oni reports.

Scandal-Plagued Facebook Goes on Charm Offensive in Vietnam   

Before Facebook, Vu Kim Chi thought something was lacking in her job, which is to promote the economy in and around Vietnam’s famed Ha Long Bay. Posting updates to her department’s website, or photocopying missives to send to constituents, she said, was mostly one-sided.

But after she set up an official Facebook page for Quang Ninh province, the conversations started to flow in both directions, between Chi and the local residents or businesses. That’s why, when it comes to social media, she thinks more civil servants need to catch up with the rest of the country.

“Social media, especially the Facebook application, is really used a lot in Vietnam,” said Chi, who is deputy head of the province’s investment promotion and support office. “But for public agencies that use it as a tool to interact with people and businesses, it’s still not necessarily used a lot.”

Facebook on charm offensive

Even as governments around the world are demanding more accountability and transparency from Facebook, public officials in Vietnam are looking for more ways to use the website. And Facebook is happy to oblige.

The company is on something of a charm offensive in Vietnam, where it has roughly 42 million members, nearly half the country. Besides sending top officials to visit Vietnam last year, Facebook has been instructing small businesses on how to sell their products on the site, and now it is giving civil servants like Chi advice for engaging with the public.

The chance to win some good will in Vietnam comes at a time when pressures are piling up on Facebook both inside the country and abroad. Globally, it has been accused of complicity in plots to convince voters to vote for Brexit or for candidate Donald Trump, as well as in what the United Nations calls ethnic cleansing in Myanmar. The company reportedly paid for research that could damage its critics’ and competitors’ reputations, as well as gave users’ data to dozens of other firms without consent.

New cyber law

In Vietnam, the government told advertisers to boycott Facebook and other sites in response to users’ postings that criticized the one-party state. Next month, the country will enact a cyber law requiring firms to store data domestically, which Facebook opposes.

But those troubles were not front and center at a workshop in Ho Chi Minh City this month where a company representative gave bureaucrats tips on making a Facebook page.

“We have to understand and put more attention to the social aspect of the platform,” said Noudhy Valdryno, who handles government outreach for Facebook. “That means you have to understand your followers, who are they, where do they live, what are their interests?  Then you can formulate an accurate strategy to engage with your followers.”

The workshop included suggestions for government officials, such as posting updates on Facebook at regular intervals, shooting videos vertically to retain the attention of mobile users, and encouraging conversations among followers on the page.

Tech companies welcome

The event was an example of how Vietnamese officials are open to working with the tech company. It is so ubiquitous in the Southeast Asian country that when Vietnamese people say “social media” they mean Facebook, and when asked what newspapers they read, they give the answer: Facebook. 

“What we’re talking about is effective use of technology in this day and age to achieve our goals,” said Le Quoc Cuong, vice director of the Ho Chi Minh City department of information and communications. “What we’re looking for is being effective, being engaging and enhancing cooperation between the government and the people.”

Chi says more Facebook data would help her better engage with residents around Quang Ninh, a northeastern province that hugs the Pacific Ocean on one side and the Chinese border on another. She would like regular reports, perhaps every month, with information to help analyze the province’s fan page, from key words to number of “likes.” So as many people worldwide have begun to decry tech companies for abusing and cashing in on users’ data, there are those who still continue to see untapped potential in gathering further data.

 

Democrats, Trump Blame Each Other for Government Shutdown Chaos

The two Congressional Democratic leaders are blaming President Donald Trump for “plunging the country into chaos” on Christmas Eve – when, according to the carol, all is supposed to be “calm and bright.”

“The stock market is tanking and the president is waging a personal war on the Federal Reserve after he just fired the secretary of defense,” Senator Chuck Schumer and incoming House Speaker Nancy Pelosi said Monday.

“The president wanted the shutdown, but seems not to know how to get himself out of it,” they wrote in a joint statement.

Schumer and Pelosi were referring to the partial federal government shutdown which enters its fourth day on Christmas, with no clear end in sight.

Trump is demanding $5 billion for a wall along the U.S. – Mexican border. Democrats say no way and have offered $1.3 billion for what they call border security.

The president canceled his Christmas vacation to his Florida resort because of the impasse with Congress.

“I am all alone (poor me) in the White House waiting for the Democrats to come back and make a deal on desperately needed Border Security,” he tweeted Monday. “At some point, the Democrats not wanting to make a deal will cost our Country more than the Border Wall we are all talking about. Crazy.”

Another Trump tweet claimed “virtually every Democrat” strongly supported a “Border Wall or Fence” but turned against the idea after he made it an important part of his campaign for president.

Most Republican lawmakers, meanwhile, have rallied around Trump’s demand.

“One would think that securing our homeland, controlling our borders and protecting the American people, would be bipartisan priorities…a core duty of any nation’s government,” Republican Senate Majority Leader Mitch McConnell has said  of Kentucky has said.

In the past, Democrats have been flexible on additional border security funding, including money for a wall, as part of a larger deal on thorny immigration issues.

Earlier this year, Democrats were willing to support wall funding in return for protections for so-called “Dreamers” – illegal immigrants brought to America as children  a deal Trump initially hailed but later abandoned.

Democrats say saying Trump was willing to sign a deal to keep the government operating without the full $5 billion, but backed out after those Schumer calls “right-wing radio and TV talk show hosts” complained.

“Different people from the same White House are saying different things about what the president would accept or not accept…making it impossible to know where they stand at any given moment,” Schumer and Pelosi said.

What is certain, though, is the government will remain closed at least through Thursday and, according to acting Chief of Staff Nick Mulvaney, into 2019.

While government agencies dealing with national security and public safety remain open, other offices are closed and 800,000 federal workers are on furlough. Those who are considered to be essential employees are reporting for duty, but are working for no pay.

Congress has always approved back pay for all federal workers after past shutdowns.

US SpaceX First National Security Mission

SpaceX continues making news in 2018. The company first broke its own record from 2017 when it passed 18 launches in year. On Sunday, from Cape Canaveral, Florida, SpaceX launched another record-setting rocket… this one for U.S. national security. Arash Arabasadi reports.

Trump Blames Fed for Market Turmoil

U.S. stock markets fell sharply on Monday with the S&P 500 down more than two percent and the Dow off nearly three percent.

President Donald Trump is blaming the Federal Reserve (central bank) for stock market declines and other economic problems.

In tweets, Trump has said the only U.S. economic problem is rising interest rates. He accused Fed chief Jerome Powell of not understanding the market and damaging the economy with rate hikes.

The Fed slashed the key interest rate nearly to zero to boost growth during the recession that started in 2007. The central bank kept rates low for several years.

Eventually, growth recovered, and unemployment dropped to its lowest level in 49 years, and Fed officials judged that the emergency stimulus was no longer needed. Fed leaders voted to reduce the stimulus by raising interest rates gradually. The concern was that too much stimulus could spark inflation. Experts say such a sharp increase in prices could prompt a damaging cycle of price increases leading to rising wage demands, which would spark another round of price hikes.

Analysts quoted in the financial press say Trump’s attacks on the Fed make investors worry that the central bank might lose the independence that allows it to make decisions based on economic factors rather than what is politically popular.

Some economists say investor confidence has also been shaken by Trump’s tariffs on major trading partners. Raising trade costs can reduce trade and cutting trade cuts demand for goods and services, which slows economic growth.

Investor confidence, or a lack of it, can cause stock and other markets to decline as worried stock holders sell shares and prospective investors stop buying available stocks. When buyer demand drops, prices fall.

Another factor hurting investor confidence is the political impasse in Washington over money for Trump’s border wall with Mexico. The bickering means Trump and congress can not agree on spending priorities, so legislation paying some government employees has lapsed.

In an effort to calm turbulent markets, Treasury Secretary Steve Mnuchin spoke with leaders of top U.S. banks in an unusual session Sunday. He says they have the money they need for routine operations.

Euronext Has Launched an All-Cash Bid to Acquire Oslo Bors

The leading pan-European stock exchange has launched a 625 million euro takeover bid to acquire the Oslo Stock Exchange.

Euronext, the operator of stock exchanges in Paris, Amsterdam, Brussels, Dublin and Lisbon, said in a statement that it had approached the board of directors of the Oslo Stock Exchange (Oslo Bors VPS) to seek its support for an all-cash offer for all the outstanding shares of Oslo Børs VPS, the Norwegian Stock Exchange and national CSD operator, based in Oslo.

“Euronext strongly believes that Oslo Børs VPS’ unique strategic and competitive positioning, including a global leading position in seafood derivatives and a deep-rooted expertise in oil services and shipping, would further strengthen Euronext’s position as the leading market infrastructure for the financing of the real economy in Europe,” the statement said. 

If the offer is accepted, Euronext would be fully committed to support the development of Oslo Børs VPS and of the broader Norwegian financial ecosystem, the statement said.

Following the initiative of a group of its shareholders to acquire the Oslo Stock Exchange, Euronext has secured support for the offer from shareholders representing 49.6% of all outstanding shares.

However, it is not certain that a transaction will be completed, Euronext’s statement said, but the pan-European stock exchange will communicate material information, if any, in due course.

Films on Iconic Justice Ginsburg Detail Exceptional Life and Contributions

As Supreme Court Justice Ruth Bader Ginsburg recovers from recent surgery for early stage lung cancer, two new films are paying tribute to her life and accomplishments.

The documentary “RBG”, by filmmakers Julie Cohen and Betsy West, chronicles the justice’s lifelong legal battles for gender equality, her appointment to the Supreme Court by an overwhelming vote of 96 to 3 in 1993 and her rise as a pop culture icon in America. The feature “On the Basis of Sex”, by Mimi Leder, another female filmmaker, offers a dramatized portrayal of the beginnings of Justice Ginsburg’s illustrious career and her fight for women’s rights, through the lens of her personal life.

Leder’s film follows Justice Ginsburg’s challenges in a man’s world, starting with her first year as a Harvard law student in 1954. She was one of nine female students among more than 500 men, a situation that did not please the school’s dean, played by Sam Waterston. The film shows the character demanding to know why they are occupying seats that could otherwise have gone to young men.

 

“On the Basis of Sex” also looks into Ginsburg’s life as a wife and mother. At some point she was supporting her convalescent husband, who had suffered testicular cancer, by attending both her classes and his.

Daniel Stiepleman, the film’s screenwriter, is Justice Ginsburg’s nephew. He told VOA that apart from her legal acumen and advocacy for women’s rights, he wanted to share his first-hand experience of Ginsburg’s equal partnership with her husband, renowned  tax law attorney Martin Ginsburg.

“My wife and I have always looked up to Aunt Ruth and Uncle Marty as our role models for what a marriage is supposed to be like,” he explained. “They shared the load raising their kids, getting food on the table, and taking care of the house, and we knew that that’s how we wanted to be as well. And so, for me, this was an opportunity to share our good fortune to have them as role models with the rest of the country, the rest of the world.”

Actor Armie Hammer interprets Martin Ginsburg. Hammer says he felt privileged to learn about the man’s character from Ruth Bader Ginsburg herself. “We were very lucky to have time with Justice Ginsburg in her private chambers in the Supreme Court. She invited us in and she was very generous with her time. More than actually answering any of my questions, I learned everything I needed to know about the relationship, [because] the minute his name came up she started smiling. And I could feel that love was very much alive.”

Hammer predicts the film will inspire audiences, especially women during the #MeToo era. “I think it is great for women to see a movie about a woman who changed the world without needing superpowers.”

Ginsburg herself is portrayed by Felicity Jones. It was a role she found, to say the least, challenging. She told VOA, “It was nerve wracking! You don’t enter into that lightly so it was about becoming her in every single way and doing justice to her story.” She also says that though the events surrounding Ruth Bader Ginsburg’s life have been dramatized for the sake of entertainment, they speak truth to power. “It is so important that it does entertain but at the same time, it’s about getting a message into this world and about saying,‘Look what men and women can achieve when they work together, when they have absolute equality.'”

RBG chronicles Justice Ginsburg’s life from her birth to an immigrant Jewish family in Brooklyn, New York, to her rise as a pop culture icon known as “Notorious R.B.G.” Since 2013, when the majority of the Supreme Court justices were conservative, Justice Ginsburg became the most vocal dissenting liberal voice on the court. At that time, New York University law student Shana Knizhnik created a blog about Ginsburg’s fiery dissenting opinions against decisions by the majority conservative justices. She coined the term, “Notorious R.B.G.,” echoing the moniker of a well-known rapper — also from Brooklyn — The Notorious B.I.G. 

Knizhnik’s blog and follow-up best-selling book re-introduced the octogenarian’s pivotal role in the fight for gender equality and women’s rights for more than half a century, and established her as the bulwark of liberalism in the high court. Every time Knizhnik would write about another of Justice Ginsburg’s dissenting opinions, “the web would explode,” comments a young woman in the documentary.

Media strategist Frank Chi created an online graphic of the justice in her Supreme Court robe and white collar and a crown like the one worn by The Notorious B.I.G. The image caught on: tattoos, t-shirts and mugs would carry his design, and images created by others. Chocolatier Sue Cassidy says her company, Choukette, includes a portrait of Ginsburg on chocolate, as part of its Phenomenal Women line. “She has her own box, and we can’t keep them in stock. They are just selling like crazy.”

“I am 84 years old and everybody wants to take a picture with me,” says a mischievous Justice Ginsburg. She has been hailed as a pioneer for gender equality, a tenacious Supreme Court justice, determined to work as long as she can make a difference on the bench. 

In 2011, a year after the death of her husband, Justice Ginsburg spoke with VOA’s Julie Taboh about her legacy. “I hope that I will be remembered as someone who loves the law, loves her country, loved humanity, prizes the dignity of every individual, and works as hard as she can, with whatever talent she has to make the world a little better than it was when I entered it,” she said.

Justice Ginsburg has spoken highly of both films depicting her life. Filmmaker Leder says the justice offered advice for On the Basis of Sex and fact-checked it. “She saw the film and she gave me a hug and a kiss, and that alone was incredible. I feel that women will be inspired not just in this country, but all over the world by the legacy of Ruth Bader Ginsburg, which is her fight for equality, inclusion, her fight against injustice.”

 

S. Korea Fines BMW $9.9 Million Over Faulty Engines, Delayed Recalls

South Korea said Monday it will fine BMW $9.9 million and will file a criminal complaint against the German automaker for delaying a recall of cars with faulty engines that caught fire. 

South Korea’s transport ministry said its investigation uncovered that BMW knew about the faulty engines, but did not execute a prompt recall. 

The ministry said BMW deliberately tried to cover up the technical issues with the exhaust gas recirculation, or EGR, even after dozens of fires had been reported earlier this year. 

“BMW announced earlier that it had become aware of the connection between the faulty EGR cooler and the fire only on July 20 this year,” the ministry said in a statement. “But we discovered that . . . BMW’s German headquarters had already formed a special team in October 2015 tasked with solving the EGR problem.” 

BMW did eventually mount a recall of more than 170,000 cars. 

The French news agency AFP reports some South Korea parking lots had refused to accept BMW cars for fear the cars would catch fire. 

California Researchers Working on Tomorrow’s Battery

Batteries have been around for hundreds of years, but don’t go thinking this technology is old hat (old fashioned). Batteries are the future. A team of California Scientists with support from the National Science Foundation are on the cutting edge of building a battery that lasts longer and holds more energy. VOA’s Kevin Enochs reports.

Court Says Justice Ginsburg Up and Working After Surgery

Supreme Court Justice Ruth Bader Ginsburg is up and working as she recuperates from cancer surgery.

A spokeswoman for the court, Kathy Arberg, also says that Ginsburg remained in New York at Memorial Sloan Kettering Cancer Center on Sunday. No information has been released on when Ginsburg might return home.

Ginsburg underwent surgery Friday to remove two malignant growths in her left lung. Doctors say there is no evidence of any remaining disease.

Now 85, the justice has been treated for cancer two other times. Last month she cracked three ribs in a fall at the court.

The court next meets on Jan. 7. Despite her health problems, Ginsburg has never missed arguments.

US Treasury Chief Calls Top Bank CEOs Amid Market Plunge

U.S. President Donald Trump’s Treasury secretary called top U.S. bankers on Sunday amid an ongoing rout on Wall Street and made plans to convene a group of officials known as the “Plunge Protection Team.”

U.S. stocks have fallen sharply in recent weeks on concerns over slowing economic growth, with the S&P 500 index on pace for its biggest percentage decline in December since the Great Depression.

“Today I convened individual calls with the CEOs of the nation’s six largest banks,” Treasury Secretary Steven Mnuchin said on Twitter shortly before financial markets were due to open in Asia.

U.S. equity index futures dropped late on Sunday as electronic trading resumed to kick off a holiday-shortened week.

In early trading, the benchmark S&P 500’s e-mini futures contract was off by about a quarter of a percent.

The Treasury said in a statement that Mnuchin talked with the chief executives of Bank of America, Citi, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wells Fargo.

“The CEOs confirmed that they have ample liquidity available for lending,” the Treasury said.

Mnuchin “also confirmed that they have not experienced any clearance or margin issues and that the markets continue to function properly,” the Treasury said.

Mnuchin’s calls to the bankers came amid a partial government shutdown that began on Saturday following an impasse in Congress over Trump’s demand for more funds for a wall on the border with Mexico. Financing for about a quarter of federal government programs expired at midnight on Friday and the shutdown could continue to Jan. 3.

The Treasury said Mnuchin will convene a call on Monday with the president’s Working Group on Financial Markets, which includes Washington’s main stewards of the U.S. financial system and is sometimes referred to as the “Plunge Protection Team.”

The group, which was also convened in 2009 during the latter stage of the financial crisis, includes officials from the Federal Reserve as well as the Securities and Exchange Commission.

Wall Street is also closely following reports that Trump has privately discussed the possibility of firing Federal Reserve Chairman Jerome Powell. Mnuchin said on Saturday Trump told him he had “never suggested firing” Powell.

Trump has criticized the U.S. central bank for raising interest rates this year, which could further dampen economic growth. The Fed’s independence is seen as a pillar of the U.S. financial system.

Mnuchin’s calls come as a range of asset classes have suffered steep losses.

In December alone, the S&P 500 is down nearly 12.5 percent, while the Nasdaq Composite has slumped 13.6 percent. The Nasdaq is now in a bear market, having declined nearly 22 percent from its record high in late August, and the S&P is not far off that level.

Corporate credit markets have been under duress as well, and measures of the investment grade corporate bond market are poised for their worst yearly performance since the 2008 financial crisis.

The high-yield bond market, where companies with the weakest credit profiles raise capital, has not seen a deal all month.

The last time that happened was in November 2008.

 

No End in Sight for Partial US Government Shutdown

The U.S. government is partially closed until at least Thursday – and possibly for days or even weeks beyond. VOA’s Michael Bowman reports, President Donald Trump last week rejected a stopgap spending bill that did not include funds for building a wall along the U.S.-Mexico border.

No End in Sight for Partial US Government Shutdown

The U.S. government is partially closed until at least Thursday, and possibly for days or even weeks beyond, as President Donald Trump holds firm in demanding funds for a wall along the U.S.-Mexico border and Democrats remain resolutely opposed.

“The most important way to stop gangs, drugs, human trafficking and massive crime is at our Southern Border,” Trump tweeted late Sunday. “We need Border Security, and as EVERYONE knows, you can’t have Border Security without a Wall.”

“At midnight, President Trump decided to shut down the government over his demand for a medieval border wall,” the Senate’s No. 2 Democrat, Dick Durbin of Illinois, tweeted Saturday, the first day of the shutdown. “This is senseless and cruel.”

This marks the fourth time in the last five years that Congress and the White House have been unable to agree on how much money the federal government should spend and for which objectives, failing to meet a funding deadline that causes non-essential services and operations to be halted.

Last Wednesday, a shutdown seemed unlikely as the Republican-led Senate unanimously passed a temporary funding bill. The White House originally signaled support for the bill, which boosted overall border security funding but did not set aside funds for a wall. But Trump ultimately rejected it, demanding $5.7 billion for wall construction.

“Our great country must have border security … with a wall or a slat-fence or whatever you want to call it,” the president said in a video message Friday.

The Republican-led House of Representatives has approved a spending bill with wall funding, but the measure does not have enough votes to pass the Senate, where Democrats have lined up in fierce opposition.

‘Abandon the wall’

“It will never pass the Senate. Not today, not next week, not next year,” Senate Democratic Leader Chuck Schumer of New York said. “So Mr. President, President Trump: If you want to open the government, you must abandon the wall. Plain and simple.”

Most Republican lawmakers, meanwhile, have rallied around Trump’s demand.

“One would think that securing our homeland, controlling our borders and protecting the American people, would be bipartisan priorities … a core duty of any nation’s government,” Republican Senate Majority Leader Mitch McConnell of Kentucky said.

McConnell adjourned the chamber on Saturday, with no votes expected until Thursday, December 27 at the earliest.

In the past, Democrats have been flexible on additional border security funding, including for a wall, as part of a larger deal on thorny immigration issues.

Earlier this year, Democrats were willing to support wall funding in return for protections for undocumented immigrants brought to America as children  a deal Trump initially hailed but later abandoned.

In 2013, the Senate passed bipartisan legislation to dramatically boost border security funding as part of a comprehensive reform of U.S. immigration laws. But that bill died when the Republican-led House refused to consider it.

Now Trump is demanding wall funding while so far offering nothing Democrats want in return. On Sunday, White House officials hinted that could change.

“The president has made it very clear, however, that he is willing to discuss a larger immigration solution,” incoming acting White House Chief of Staff Mick Mulvaney said on ABC’s This Week program.

Mulvaney also suggested in a separate interview on Fox News Sunday that the Trump administration had stepped back from it’s demand for $5.7 billion in wall funding, saying it offered a compromise somewhere between that figure and $1.3 billion in border security funding offered by Democrats.

Campaign promise

Throughout the 2016 campaign, then-candidate Trump repeatedly pledged that Mexico would pay for a border wall. Now, the White House says Mexico is contributing, indirectly, as a result of economic benefits to America stemming from a renegotiated free trade accord between the United States, Canada and Mexico.

Democrats have repeatedly reminded Trump of his promise.

“We arrived at this moment because President Trump has been on a destructive two-week temper tantrum demanding the American taxpayer pony up for an expensive and ineffective border wall that the president promised Mexico would pay for,” Schumer said.

Trump Aide: White House, Central Bank Tension not Unusual

A White House official says tension between a president and the interest-rate setting Federal Reserve is “traditional as part of our system.”

Acting chief of staff Mick Mulvaney says it should come as no surprise that President Donald Trump is unhappy the central bank, an independent agency, “is raising rates and we think driving down the value of the stock market.”

 

Speculation about the fate of Trump’s appointed Fed chairman, Jerome Powell, has swirled after Bloomberg News reported that Trump discussed firing Powell after this past week’s rate increase.

 

Treasury Secretary Steven Mnuchin tweeted Saturday that Trump has denied ever suggesting that and doesn’t believe he has the right to dismiss Powell.

 

Mulvaney also tells ABC’s “This Week” that the economy’s “fundamentals are still strong.”

 

China Holds Second Vice Ministerial Call with US on Trade

China and the United States held a vice ministerial-level call on Friday, the second such contact in a week, achieving a “deep exchange of views” on trade imbalances and the protection of intellectual property, the Chinese Ministry of Commerce said.

A statement posted on the ministry’s website on Sunday said the two countries “made new progress” on those issues, without specifying further.

It also said China and the United States discussed arrangements for the next call and mutual visits.

On Wednesday, the ministry said Beijing and Washington had held a vice ministerial-level telephone call about trade and economic issues, without providing other details.

The calls took place amid signs of a thaw in a trade dispute between the United States and China, the world’s two largest economies.

U.S. President Donald Trump and Chinese President Xi Jinping this month agreed to a truce that delayed the planned Jan. 1 U.S. increase of tariffs on $200 billion worth of Chinese goods while they negotiate a trade deal.

Chinese Commerce Ministry officials indicated earlier the two countries were in close contact over trade, and any U.S. trade delegation would be welcome to visit.

US Federal Government Shutdown Enters Second Day

The U.S. federal government entered the second day of its partial shutdown Sunday.

The move affects a quarter of the government, encompassing more than 800,000 federal employees, more than half of whom will continue to work without pay.

It will be after Christmas before Congress and President Donald Trump agree to a resolution to their funding impasse because Monday and Tuesday are federal holidays and the U.S. Senate is not scheduled to meet again until Thursday.

​Sticking point: border wall

The sticking point is money for a wall on the U.S. border with Mexico. The president wants Congress to allocate $5.7 billion toward a southern border wall. Trump promised during his successful presidential campaign in 2016 that Mexico would pay for the wall.

Congress had refused the president’s request for a down payment on the $20 billion wall the U.S. leader says will thwart illegal immigration.

Mexico says it will never pay for the wall’s construction.

Trump is hunkering down in the White House during the impasse and tweeted Saturday, “I am in the White House, working hard.” 

He canceled his Florida holiday vacation. First Lady Melania Trump already had traveled to Mar-a-Lago with their son, Baron, for the holiday, but the two plan to return to the White House for Christmas.

Shortly before Senate Majority Leader Mitch McConnell announced the Senate would adjourn until Thursday, reporters said Vice President Mike Pence had arrived at the Capitol to speak with Senate Minority Leader Chuck Schumer.

McConnell said the Senate would meet in a “pro forma” session Monday, but those sessions are brief, sometimes lasting just minutes.

Earlier Saturday, Trump discussed border security with Republican lawmakers and senior aides at the White House to discuss a spending bill that would include money for his proposed wall.

During a conference call Saturday with reporters, a senior administration official was asked why Democrats were not present at the White House meeting when Trump has repeatedly said they are responsible for the shutdown.

“It’s important that Senate Democrats come to the table and begin to negotiate with us. Conversations last night did occur. We hope those continue this day, tomorrow and into the future. But it is important for them to acknowledge that border security, physical barriers need to be part of this package,” the official said.

McConnell said any agreement would first need to be approved by the president and congressional leaders before it would come to a vote.

Senate Minority Leader Chuck Schumer and House Speaker-designate Nancy Pelosi issued a joint statement Saturday saying, “Democrats have offered Republicans multiple proposals to keep the government open, including one that already passed the Senate unanimously, and all of which include funding for strong, sensible, and effective border security — not the president’s ineffective and expensive wall. If President Trump and Republicans choose to continue this Trump Shutdown, the new House Democratic majority will swiftly pass legislation to re-open government in January.”

VOA White House correspondent Patsy Widakuswara contributed to this report.

Transitions of Power in Africa Bring Spark Hope, Worry

In 2018, sitting leaders relinquished power in South Africa and Ethiopia. Zimbabwe elected a new leader after 37 years of rule by former President Robert Mugabe. Peaceful power transitions were also seen in Liberia, Sierra Leone and Mali. But while many find those trends encouraging, the opposite is also true in countries where some of world’s longest serving leaders continue to hold power. VOA correspondent Mariama Diallo reports on the overall trends that are sparking both hope and worry.