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

Euro Fund: Greece Has Officially Exited Bailout Program

“For the first time since early 2010, Greece can stand on its own feet,” the European Stability Mechanism (ESM) rescue fund said as Athens exited its final, three-year international bailout program on Monday.

The ESM allocated about $71 billion over the past three years, after an agreement was reached in August 2015 to help the country cope with fallout from an ongoing debt crisis.

“Today we can safely conclude the ESM program with no more follow-up rescue programs,” Mario Centeno, the chairman of the ESM’s board of governors, said in a statement. “This was possible thanks to the extraordinary effort of the Greek people, the good cooperation with the current Greek government and the support of European partners through loans and debt relief.”

In 2010, Greece was declared at risk of default after struggling with massive debt, loss of investment and huge unemployment. Overall, nearly $300 billion in emergency loans were provided in three consecutive bailout packages from a European Union bailout fund and the International Monetary Fund (IMF). In exchange, Athens was required to put in place severe austerity-based measures and reforms.

The completion of the loan program is a major accomplishment for Greece, but the country still faces an uphill battle to regain its economic stability.

 

The office of Prime Minister Alexis Tsipras described the final bailout loan last week as the “last act in the drama. Now a new page of progress, justice and growth can be turned.”

“Greece has managed to stand on her feet again,” his office said.

 

Economic growth in Greece is slowly growing again, tourism is up nearly 17 percent in Athens this year, and once-record levels of joblessness are finally receding.

 

However, the country still faces massive challenges, including weak banks, the highest debt load in the European Union at 180 percent of GDP, and the loss of about a half-million mostly younger Greeks to Europe’s wealthier neighbors. Greece will also need to continue to repay its international loans until 2060.

The country’s three international bailouts took Europe to the brink of crisis.

 

The financial troubles exposed dangers in the European Union’s common currency and threatened to break the bloc apart. The large debt that remains in Greece and an even larger debt in Italy continue to be a financial danger to the EU.

The bailouts also led to regular and sometimes violent demonstrations in Athens by citizens angry at the government’s budget measures required by international lenders in return for the bailouts.

 

While Greece has begun to make economic progress, economics say the bulk of the austerity measures will likely need to remain in place for many years for the country to tackle its massive debt.

Some international economists have called for part of Greece’s loans to be written off in order for Greece to keep its ballooning debt payments in check. However, any kind of loan forgiveness would be a tough sell in Germany where the initially bailouts were unpopular.

The austerity measures included massive tax hikes as high as 70 percent of earned income and pension cuts that pushed nearly half of Greece’s elderly population below the poverty line.

Pensioner Yorgos Vagelakos, 81, told Reuters that five years ago he would go to his local market with 20 euros in his pocket, while today, he has just 2 euros. He says for him, the bailout will never end.

“It’s very often that just like today, I struggle, because I see all the produce on display at the market and I want to buy things, but when I don’t have even a cent in my pocket, I get really sad,” Vagelakos said.

Brennan Threatens to Sue Trump to Stop Revoking Security Clearances

Former CIA Director John Brennan is threatening to sue President Donald Trump to stop him from stripping security clearances from other officials who criticize him.

“If my clearances — and my reputation, as I’m being pulled through the mud now — if that’s the price we’re going to pay to prevent Donald Trump from doing this against other people, to me, it’s a small price to pay,” Brennan told NBC television’s Meet the Press Sunday.

“I am going to do whatever I can personally to try to prevent these abuses in the future and if it means going to court, I will do that,” he added.

Trump revoked Brennan’s security clearance last week because the president said he had to do something about what he calls the “rigged” investigation into alleged collusion between his campaign and Russian election interference.

Trump said he believes Brennan, who served during the administrations of former Presidents George W. Bush and Barack Obama, is one of those responsible for the investigation.

Brennan was among a group of intelligence officials who spoke with Trump before his inauguation about evidence of Russian meddling in the 2016 presidential election.

The president also said he plans to or is thinking about stripping nine other current and former senior intelligence officials of their clearances.

More than 75 U.S. intelligence officers have spoken out, saying they have the right to criticize and administration without having to pay a penalty.

Brennan, CIA director during President Barack Obama’s second term, has been a familiar face on television talk shows as one of Trump’s severest critics.

He called Trump’s behavior at the joint press conference with Russian President Vladimir Putin in Helsinki “treasonous.”

He said on NBC that he is not a Democrat or a Republican, instead calling himself just someone who wants to be heard like any private citizen.

“(Trump) is bringing the country down on the global stage. … He’s fueling and feeding divisiveness within our country. He continually lies to the American people,” Brennan said on Meet the Press.

Appearing on the same NBC broadcast, Trump attorney Rudy Giuliani called Brennan’s charge that Trump committed treason “extraordinary” and said Brennan has no information on whether Trump conspired with Putin.

Giuliani called Brennan a “totally unhinged character who shouldn’t have a security clearance.”

Women win primaries in record numbers, look to November

Women are not just running for office in record numbers this year — they are winning.

More women than ever before have won major party primaries for governor, U.S. Senate and House this year — setting a U.S. record and paving the way for November battles that could significantly increase the number of women in elected office and change the public debate on issues such as health care, immigration, abortion rights, education and gun control. Some of these candidates could also play a pivotal role in whether Democrats are able to take control of the U.S. House.

Most of these female hopefuls are Democrats, some of whom are first-time candidates who say their motivation to run sprang from President Donald Trump’s election and Republican control of Congress. But other developments factor in, too. The #MeToo movement. Women’s marches. Trump’s nomination of conservative appeals court Judge Brett Kavanaugh to replace retiring Supreme Court Justice Anthony Kennedy.

“Part of the reason I thought this race was possible, even despite great odds, was because of all the women who are so engaged in my community in a new way,” said Democrat Mikie Sherrill, a former Navy helicopter pilot and federal prosecutor who looks to capture a GOP congressional seat in New Jersey.

Sherrill is one of some 200 women who have won their primaries for U.S. House, with 94 of these candidates surviving crowded fields with three or more candidates, according to an analysis of election results. Previously, the most women who had advanced were 167 in 2016, according to records kept by the Center for American Women and Politics at Rutgers University.

In the Senate, a record 19 women have won their primaries. And for the first time, 13 women have been nominated for gubernatorial races in a single election year.

And all these numbers are likely to grow with nine states yet to hold their primaries. Rhode Island Gov. Gina Raimondo and U.S. Rep. Gwen Graham of Florida are among nine women running for governor who will face primary voters in coming weeks. No more than nine women have ever led states at the same time.

“We are seeing a level of enthusiasm among women voters that we haven’t seen in a long time,” said Democrat Laura Kelly, who is running for governor in Kansas and will need women, independents and moderate Republicans in her bid against Republican Kris Kobach.

There are few instances in which women — in a sense — have already won. For instance, two women will be competing to replace GOP Rep. Steve Pearce in New Mexico and the same is happening in races in Pennsylvania, Minnesota and Michigan. But overall gains will also be dependent on how well the 71 congresswomen running for re-election fare in November.

Success in November will go a long way to improving the nation’s dismal record of female representation. Currently, women account for just a fifth of 535 U.S. representatives and senators, and one in four state lawmakers. Six of the nation’s 50 governors are female. Meanwhile, women comprise slightly more than half the U.S. population.

Women appear to be running strong so far. As of mid-August, some 49 percent of women running for the House have advanced to the general election, with about 40 percent in the Senate and about 25 percent running for governor, according to an analysis of election results.

But that’s no guarantee of victory this fall. Many of the women, particularly Democrats, are running in long-held Republican congressional districts or states where Republicans have consolidated support.

One thing women have accomplished already is changing the tone and content of campaigns. They bring their children to rallies and some want their campaign money to pay for child care so they can run. On this count, Liuba Grechen Shirley, the Democratic candidate challenger to Republican Rep. Peter King, has succeeded. In May, the Federal Election Commission voted unanimously to allow the expenditure.

“I was told that with two kids, a husband who worked full time and no child care, that it was impossible,” Grechen Shirley says in an online ad, noting her effort to change the policy. “Well, it wasn’t impossible. It’s just really hard.”

Experienced combat veterans running for Congress this year are featuring their families in their ads as they speak with authority on national security and foreign policy.

“The old model is a little bit like trying to fit women into the mold of male candidates,” said Deborah Walsh, director of the Center for American Women and Politics at Rutgers University. “Women had a very narrow path that they could navigate as candidates: What was appropriate to wear, what was appropriate to say. They also were asked: If you win, who is going to take care of your children? This is not a question that men are confronted with.”

Beyond gender, these women are poised to usher in a wave of diversity next year.

Michigan will likely send the nation’s first Muslim-American woman to Congress, after Rashida Tlaib beat a crowded field of Democrats for the 13th Congressional District. No Republican is running in November for the heavily Democratic seat.

There are nearly 50 black women running for Congress this year, from Democrat Lucy McBath who is challenging GOP Rep. Karen Handel in Georgia to Republican Rep. Mia Love’s bid for a third term in Utah.

In Georgia, Stacey Abrams is aiming to become the nation’s first black female governor while Paulette Jordan would be the first Native American governor in U.S. history if she wins her race in Idaho. And Democratic voters in Vermont recently selected Christine Hallquist as their nominee, making her the first transgender candidate to win a major-party gubernatorial nomination.

Black women are competing — and winning — not only in districts with a majority black electorate, but also in diverse districts across the country. Each victory is a vote of confidence in their leadership for those who step up, said Kimberly Peeler-Allen, co-founder of Higher Heights for America, which supports black female candidates and galvanizes black women as voters.

“In addition to black women wanting to be part of history, people are realizing that regardless of what you look like, the leadership of the country has been predominantly white and male for far too long,” Peeler-Allen said. “Seeing the value of having diverse voices around decision-making tables is not limited to one demographic group, but includes people who want a more reflective democracy.”

 

The Latest: The New Alternative Facts: ‘Truth Isn’t Truth’

11:50 a.m.

 
Move over, alternative facts. Now, truth isn’t truth.

President Donald Trump’s personal attorney Rudy Giuliani used the line Sunday on NBC’s “Meet the Press” with Chuck Todd.

Giuliani was trying to make the case that having Trump sit down for an interview with special counsel Robert Mueller’s team wouldn’t accomplish much because of the he-said-she-said nature of witnesses’ recollections.

Giuliani says it’s “silly” to say Trump should testify “because he’s going to tell the truth and he shouldn’t worry” because “it’s somebody’s version of the truth. Not the truth.”

Todd insisted: “Truth is truth,” Giuliani responded: “Truth isn’t truth.” The comment left Todd flummoxed.

Trump and his aides have been criticized for spreading lies and disinformation. White House counselor Kellyanne Conway famously referred to it as “alternative facts.”

8:35 a.m.

President Donald Trump is insisting that White House lawyer Don McGahn isn’t “a John Dean type ‘RAT.’”

Trump in a series of Sunday morning tweets is responding to a New York Times story reporting that McGahn has given hours of testimony to the special counsel investigating Russian election meddling.

Dean was White House counsel for President Richard Nixon during Watergate. He ultimately cooperated with prosecutors and helped bring down the Nixon presidency, though he served a prison term for obstruction of justice.

Trump says he allowed McGahn and others to testify. He says, “I didn’t have to. I have nothing to hide……”

Trump is also calling the investigation “McCarthyism at its WORST,” a reference to indiscriminate allegations made by Sen. Joseph McCarthy in the 1950s to expose communists.

 

Maduro Unveils New Banknote, Other Economic Reforms

Uncertainty reigned in Venezuela Saturday after President Nicolas Maduro unveiled a major economic reform plan aimed at halting the spiraling hyperinflation that has thrown the oil-rich, cash-poor South American country into chaos.

Ahead of a major currency overhaul Monday, when Caracas will start issuing new banknotes after slashing five zeroes off the crippled bolivar, Maduro detailed other measures he hopes will pull Venezuela out of crisis.

Those measures include a massive minimum wage hike, the fifth so far this year.

But analysts say the radical overhaul could only serve to make matters worse.

“There will be a lot of confusion in the next few days, for consumers and the private sector,” said the director of the Ecoanalitica consultancy, Asdrubal Oliveros. “It’s a chaotic scenario.”

​‘Pure lie’

The embattled Maduro, a former bus driver and union leader, said the country needed to show “fiscal discipline” and stop the excessive money printing that has been regular practice in recent years.

The new currency, the sovereign bolivar — to distinguish from the current, and ironically named, strong bolivar — will be anchored to the country’s widely discredited cryptocurrency, the petro.

Each petro will be worth about $60, based on the price of a barrel of Venezuela’s oil. In the new currency, that will be 3,600 sovereign bolivars, signaling a massive devaluation.

In turn, the minimum wage will be fixed at half a petro (1,800 sovereign bolivars), starting Monday. That is about $28, more than 34 times the previous level of less than a dollar at the prevailing black market rate.

Maduro also said the country would have one fluctuating official exchange rate, also anchored to the petro, without saying what the starting level would be.

As it stands, the monthly minimum wage, devastated by inflation and the aggressive devaluation of the bolivar, is still not enough to buy a kilo of meat.

In the capital Caracas, residents were skeptical about the new measures.

“Everything will stay the same, prices will continue to rise,” 39-year-old Bruno Choy, who runs a street food stand, told AFP.

Angel Arias, a 67-year-old retiree, dubbed the new currency a “pure lie!”

1 million percent inflation

The International Monetary Fund predicts inflation will hit a staggering 1 million percent this year in Venezuela, now in a fourth year of recession, hamstrung by shortages of basic goods and crippled by paralyzed public services.

Maduro blames the country’s financial woes on opposition plots and American sanctions, but admits that the government will “learn as we go along” when it comes to the currency redenomination.

His government pushed back Saturday against criticism of the economic reform plan.

“Don’t pay attention to naysayers,” Information Minister Jorge Rodriguez said. “With oil income, with taxes and income from gasoline price hikes … we’ll be able to fund our program.”

Electronic transactions are set to be suspended from Sunday to facilitate the introduction of the new notes.

Economy in turmoil

Oil production accounts for 96 percent of Venezuela’s revenue, but that has slumped to a 30-year low of 1.4 million barrels a day, compared to its record high of 3.2 million 10 years ago.

The fiscal deficit is almost 20 percent of GDP while Venezuela struggles with an external debt of $150 billion.

Venezuela launched the petro in a bid for liquidity to try to circumvent US sanctions that have all but stamped out international financing.

But there’s a good reason the redenomination hasn’t generated renewed hope or investor confidence: Venezuela has done this before.

Maduro’s predecessor Hugo Chavez stripped three zeroes off the bolivar in 2008, but that failed to prevent hyperinflation.

Also, Cryptocurrency rating site ICOindex.com has branded the petro a scam, and the U.S. has banned its nationals from trading in it.

Kabul IT Company Designs Buber, the City’s Own Online Taxi App

People in big cities around the world typically enjoy a wide range of public transportation options. Those who own smartphones also have the choice of using some of the increasingly popular ride sharing services such as Uber and Lyft. And now, Kabul residents in Afghanistan can, too. VOA’s Haseeb Maudoodi takes a look at Kabul’s newest online taxi service called Buber, which means ‘take me’ in Dari. Bezhan Hamdard narrates.

Dragonfly, Privacy Issues Keep Google in the Headlines

Google has been in the headlines recently, and the news was not good. The technology company left the Chinese market eight years ago to protest Beijing’s censorship, but now appears ready to return with a new search engine. But the project is shrouded in secrecy, even as Google’s employees demand transparency. Meanwhile, the company tries to defend itself against accusations it has been invading user’s privacy, despite claiming it doesn’t. Faiza Elmasry has the story. Faith Lapidus narrates.

Scientists Extract Uranium Powder from Seawater with Yarn

The world’s oceans are filled with trace amounts of uranium, the primary fuel for nuclear power reactors. The trick is extracting it from the seawater. Now, scientists in the U.S. say they have done that using yarn, and extracted 5 grams of the powdered form of uranium used to produce reactor fuel. Faith Lapidus reports.

Turkey’s Economic Crisis Rattles Global Markets

A budding trade war between the U.S. and Turkey over a detained American pastor is having global consequences. A sharp drop in Turkey’s lira, inflation and the threat of loan defaults, could drag down other economies, particularly in emerging markets. Turkey’s troubles are causing ripple effects in countries as far away as Argentina and Indonesia, while weighing on Asian currency rates and triggering currency fluctuations. VOA’s Diplomatic Correspondent Cindy Saine reports from Washington.

Report: White House Counsel Is Cooperating With Russia Investigation

The White House’s top lawyer has cooperated extensively with the special counsel investigating Russian interference in the 2016 U.S. election, sharing detailed accounts about the episodes at the heart of the inquiry into whether President Donald Trump obstructed justice, the New York Times reported on Saturday.

Citing a dozen current and former White House officials and others briefed on the matter, the newspaper said White House Counsel Donald McGahn had shared information, some of which the investigators would not have known about.

McGahn voluntarily cooperated with Mueller’s team as a regular witness, a person familiar with the matter told Reuters, as the White House asked many staffers to do. He was not subpoenaed nor did he speak to them under any kind of proffer or cooperation agreement.

The person also said he did not believe McGahn provided Mueller with incriminating information about Trump. McGahn provided the facts but nothing he saw or heard amounts to obstruction of justice by Trump, the person told Reuters.

According to the New York Times, McGahn in at least three voluntary interviews with investigators that totaled 30 hours over the past nine months, described Trump’s furor toward the Russia investigation and the ways in which the president urged McGahn to respond to it.

The newspaper reported McGahn’s motivation to speak with the special counsel as an unusual move that was in response to a decision by Trump’s first team of lawyers to cooperate fully.

But it said another motivation was McGahn’s fear he could be placed in legal jeopardy because of decisions made in the White House that could be construed as obstruction of justice.

McGahn, the newspaper said, shared information on Trump’s comments and actions during the firing of the F.B.I. director, James Comey, and the president’s obsession with putting a loyalist in charge of the inquiry, including his repeated urging of Attorney General Jeff Sessions to claim oversight of it.

The newspaper said McGahn was also centrally involved in Trump’s attempts to fire the special counsel, Robert Mueller, which investigators might not have discovered without him.

McGahn cautioned to investigators he never saw Trump go beyond his legal authorities.

A source close to the president told Reuters on Saturday the extent of McGahn’s cooperation was “a tactical or strategic mistake” instigated by Trump’s first legal team and it should not have been allowed to happen because McGahn should have been covered by executive privilege. The person also said Trump is not worried because he does not feel he did anything wrong.

One lawyer familiar with the matter said McGahn could have been subpoenaed to testify to the grand jury if he did not cooperate with Mueller voluntarily and might have lost legal battles if he tried to invoke executive privilege.

William Burck, McGahn’s personal lawyer, did not immediately respond to a request for comment.

Trump’s former personal lawyer, John Dowd, told Reuters on Saturday he was aware McGahn had spoken extensively with Mueller’s team.

“Lot to cover,” Dowd said in text message. “Did a great job. McGahn was a strong witness for the President according to Burck and debriefs of DM (Donald McGahn). Not aware of any of the alleged apprehensions manufactured by the NYT.”

Dowd said a decision was made by the president’s legal team for McGahn to cooperate with the investigation.

Rudy Giuliani, who joined the president’s outside legal team after Dowd resigned, told Reuters on Saturday that Trump’s lawyers had been in contact with McGahn’s counsel after he was interviewed and possessed “emails that say he provided nothing that was damaging or incriminating to the president.”

Giuliani said McGahn’s cooperation with Mueller was part of a legal strategy. As an officer of the court, he added, McGahn would have had to resign if he thought the president did anything illegal.

Giuliani said he did not believe McGahn was cooperating against the president, noting Trump’s lawyers and McGahn’s have a joint defense agreement that would have otherwise ended.

Former White House lawyer Ty Cobb, who resigned in May after joining the administration last summer to assist the president with the Russia probe, did not immediately respond to a request for comment.

Peter Carr, a spokesman for Mueller, declined to comment. Trump has repeatedly denounced the investigation into whether his campaign colluded with Moscow as a “witch hunt.”

“The president and Don have a great relationship,” the White House press secretary, Sarah Sanders, said in a statement. “He appreciates all the hard work he’s done, particularly his help and expertise with the judges, and the Supreme Court” nominees.

Others in the White House have described the relationship as strained. 

Tech Companies Struggle With How to Curtail Offensive Speech

Twitter users are blocking companies like Pepsi, Nike and Uber on Twitter to pressure the social media firm to permanently ban American broadcaster Alex Jones for what they say are his abusive tweets.

Meanwhile, Twitter reportedly is facing a shutdown in Pakistan because of a government request to block what it deems objectionable content.

The moves come as U.S. internet companies take a harder look at their policies that have promoted free expression around the world. The companies have a mostly hands-off policy when it comes to curtailing speech, except when it comes to inciting violence and pornography. But that largely permissive approach is getting a new look.

​Twitter and Alex Jones

Twitter recently slapped a seven-day ban on conservative American radio host Jones for violating its policy on abusive speech, when he appeared to call for violence against the media, something he denies.

On his show this week, Jones noted that Twitter had removed his videos.

“They took me down,” he said. “Because they will not let me have a voice.”

Earlier this month, Apple, Spotify, Facebook, YouTube and other social media limited Jones and his InfoWars media company from their sites. But InfoWars’ live-streaming app can still be found at Google and Apple’s app stores. The on-air personality has put forth conspiracy theories calling some U.S. mass shootings hoaxes.

WATCH: Tech Companies Struggle With How to Curtail Offensive Speech

No more hands off

Internet firms are moving away from the long-held position that they didn’t want to monitor expression on their sites too closely, Irina Raicu, director of the Internet Ethics Program at Santa Clara University, said.

“The companies are stuck in the middle and no longer trying to avoid responsibility in a way that I think they were even a few years ago when they were saying we are just neutral platforms,” Raicu said. “They are increasingly taking a more open role in determining what content moderation looks like.”

It’s not just in the U.S. where the internet companies are having to make hard decisions about speech. The firms are also grappling with extreme speech in other languages.

Comments on Facebook have been linked to violence in places like Myanmar and India. A recent article by the Reuters news agency reports that negative messages about Myanmar’s Rohingya minority group were throughout its site.

Some call on social media companies to do more to target and take down hate messages before they lead to violence.

“If Facebook is bent on removing abusive words and nudity, they should be focused on removing these words as well,” said Abhinay Korukonda, a student from Mumbai, India, who is studying at the University of California, Berkeley. “This comes under special kinds of abusive terms. They should take an action. They should definitely remove these.”

Objective standards

Ming Hsu studies decision-making at UC Berkeley’s Haas School of Business. He is researching how to come up with objective standards for determining whether certain speech could lead to real-world dangers against people both in the U.S. and across the globe.

“We don’t have actionable standards for policymakers or for companies or even lay people to say, ‘This is crossing the boundaries, this is way past the boundaries and this is sort of OK,’” Hsu said.

Those calls are even harder when looking at speech in other languages and cultures, he added.

“We don’t really have any intuition for who’s right, who is wrong and who is being discriminated against,” Hsu said. “And that gets back to relying on common sense and how fragile that is.”

Tech companies are known for constantly tweaking their products and software. Now it seems they are taking the same approach with speech as they draw the line between free expression and reducing harm.

VOA’s Deana Mitchell contributed to this report.

Report: US Made, Sold Bomb That Killed Yemeni Children 

According to a CNN report, munitions experts say a U.S.-made bomb was used by the Saudi-led coalition in a recent airstrike in Yemen that hit a busload of children in a marketplace, killing 51 people, including 40 children.

CNN said Friday that the experts identified the bomb used in the attack from images taken of a piece of shrapnel shortly after the deadly strike.

According to CNN, the numbers on the shrapnel indicated the explosive was a 227-kilogram, laser-guided MK 82 bomb manufactured by top U.S. defense contractor Lockheed Martin.

Seventy-nine people were also wounded in the strike, including 56 children.

A spokesman for the Saudi-led coalition said earlier this month the airstrike targeted Houthi rebels in the market and conformed with international and humanitarian law.

U.S. President Barack Obama banned the sale of precision-guided weaponry to Saudi Arabia in 2016 after Saudi Arabia used a similar bomb in another deadly attack.

The Trump administration, however, overturned the ban last year.

Liz Throssel, a spokeswoman for the U.N. High Commissioner for Human Rights said after the August 9 airstrike that hit the bus that “any attack which directly targets civilians not directly taking part in hostilities or civilian objects amounts to a war crime.”

She said the perpetrators must be identified, brought to justice and held accountable no matter where, when, or by whom the violations or abuses were committed.

Mueller Recommends Short Sentence for Trump Campaign Aide

A former Trump campaign adviser should spend at least some time in prison for lying to the FBI during the Russia probe, prosecutors working for special counsel Robert Mueller said in a court filing Friday that also revealed several new details about the early days of the investigation.

The prosecutors disclosed that George Papadopoulos, who served as a foreign policy adviser to President Donald Trump’s campaign during the 2016 presidential race, caused irreparable damage to the investigation because he lied repeatedly during a January 2017 interview.

Those lies, they said, resulted in the FBI missing an opportunity to properly question a professor Papadopoulos was in contact with during the campaign who told him that the Russians possessed “dirt” on Hillary Clinton in the form of emails.

Professor slipped away

The filing by the special counsel’s office strongly suggests the FBI had contact with Professor Joseph Mifsud while he was in the U.S. during the early part of the investigation into Russian election interference and possible coordination with Trump associates.

According to prosecutors, the FBI located the professor in Washington about two weeks after Papadopoulos’ interview and Papadopoulos’ lies “substantially hindered investigators’ ability to effectively question” him. But it doesn’t specifically relate any details of an interview with the professor as it recounts what prosecutors say was a missed opportunity caused by Papadopoulos.

“The defendant’s lies undermined investigators’ ability to challenge the professor or potentially detain or arrest him while he was still in the United States,” Mueller’s team wrote, noting that the professor left the U.S. in February 2017 and has not returned since.

“Had the defendant told the FBI the truth when he was interviewed in January 2017, the FBI could have quickly taken numerous investigative steps to help determine, for example, how and where the professor obtained the information, why the professor provided the information to the defendant, and what the defendant did with the information after receiving it,” according to the court filing.

Difficult interviews

Prosecutors also detail a series of difficult interviews with Papadopoulos after he was arrested in July 2017, saying he didn’t provide “substantial assistance” to the investigation. Papadopoulos later pleaded guilty to lying to the FBI as part of a plea deal.

The filing recommends that Papadopoulos spend at least some time incarcerated and pay a nearly $10,000 fine. His recommended sentence under federal guidelines is zero to six months, but prosecutors note another defendant in the case spent 30 days in jail for lying to the FBI.

Papadopoulos has played a central role in the Russia investigation since its beginning as an FBI counterintelligence probe in July 2016. In fact, information the U.S. government received about Papadopoulos was what triggered the counterintelligence investigation in the first place. That probe was later take over by Mueller.

Economic Fears Grip Turkey

Turkey’s currency this month has suffered heavy falls triggered by U.S.-Turkish tensions over the ongoing detention of an American pastor. Washington’s threat to impose new economic sanctions sparked another steep currency drop Friday. Dorian Jones reports on the economic fall out for people in Istanbul.

Tesla Stock Drops; Musk Under Fire

Tesla shares dropped nearly 9 percent in value Friday, amid reports of CEO and co-founder Elon Musk meeting with the U.S. Securities and Exchange Commission (SEC).

Musk wrote on Twitter last week of his plans to take the company private for a price of $420 per share, writing that he had “funding secured.” On Monday, in a blog post, Musk admitted that was not true, as he was still waiting on a finalized deal with his investors, a Saudi Arabian foreign investment fund.

“I continue to have discussions with the Saudi fund, and I also am having discussions with a number of other investors, which is something that I always planned to do since I would like for Tesla to continue to have a broad investor base,” Musk wrote.

Since Musk’s original tweet, the company’s shares have dropped 12 percent overall, and reports of subpoenas being issued by the SEC have sent the company into turmoil.

In a New York Times interview Thursday, Musk said, “This past year has been the most difficult and painful year of my career.” The Times also reported that members of Tesla’s board are concerned with Musk’s drug use, notably his use of the sleep aid Ambien, which some believe have contributed to Musk’s controversial Twitter statements.

Last month, Musk came under fire for calling one of the cave divers who rescued 12 Thai soccer players and their coach a pedophile, citing no evidence. He later apologized for that remark.

Stocks Jump as Hopes Rise for Progress on China Trade Talks

Stocks rose late in the day Friday as investors welcomed signs of progress in resolving the trade dispute between the U.S. and China. The Wall Street Journal reported that the countries hope to have a resolution by November.

Industrial, health care and basic materials companies made some of the biggest gains. The report came a day after China said it will send an envoy to Washington for the first talks between the countries since early June.

Marina Severinovsky, an investment strategist at Schroders, said stocks could jump if the U.S. and China make real progress toward a trade agreement. But stocks in emerging markets might make even bigger gains.

“The rally that could come, if there is a better outcome, would be in emerging markets,” she said. “China has suffered pretty greatly … the U.S. has held up pretty well.”

The late gains came in spite of weak results for several chipmakers. Electric car maker Tesla took its biggest drop in two years on reports of a wider government investigation into the company and concerns about CEO Elon Musk’s health.

The S&P 500 index rose 9.44 points, or 0.3 percent, at 2,850.13. The Dow Jones Industrial Average added 110.59 points, or 0.4 percent, to 25,669.32. The Nasdaq composite edged up 9.81 points, or 0.1 percent, to 7,816.33. The Russell 2000 index of smaller-company stocks gained 7.19 points, or 0.4 percent, to 1,692.95.

The Wall Street Journal cited officials in both the U.S. and China as it said negotiators want to end the trade war before U.S. President Donald Trump and Chinese President Xi Jinping meet at multilateral events in November.

Industrial companies made some of the biggest gains after agricultural equipment maker Deere posted stronger than expected sales. Its stock rose 2.4 percent to $140.59.

Construction equipment maker Caterpillar rose 2.3 percent to $139.34 and engine maker Paccar added 2.3 percent to $67.16.

Chipmakers fell after two companies gave weaker forecasts for the third quarter. Nvidia said it no longer expects much revenue from products used in mining digital currencies, and its stock fell 4.9 percent to $244.82. Applied Materials slumped 7.7 percent to $43.77.

While big names like Netflix, Facebook and Amazon slipped, Apple led technology companies slightly higher overall. Apple stock rose 2 percent to $217.58.

Nordstrom jumped 13.2 percent to $59.18 after raising its annual profit and sales forecasts and posting better earnings and sales than analysts expected. It’s been a mostly difficult week for department stores as Macy’s and J.C. Penney both plunged after issuing their quarterly reports.

The S&P 500 finished this week with a solid gain of 0.6 percent, but it took a difficult path to get there. Stocks fell early this week due to worries about Turkey’s currency crisis, and later investors fretted about China’s economic growth.

The recovery started Thursday as investors hoped the upcoming talks between the U.S. and China will help end the impasse that has resulted in higher tariffs from both countries.

The Hang Seng index in Hong Kong has fallen 13 percent since early June as the dispute has dragged on, and other emerging market indexes have also taken a hit. The S&P 500 has risen over that time.

Tesla was hit with a series of reports that concerned shareholders. The Wall Street Journal reported that the Securities and Exchange Commission started investigating the electric car maker last year to determine if it made false statements about production of its Model 3 sedan.

The SEC is also reportedly looking into CEO Elon Musk’s comment on Twitter about possibly taking the company private.

Tesla stock rose from about $345 a share to about $380 following Musk’s tweet last week, which said Tesla could go private for $420 a share. On Friday it dropped 8.9 percent to $305.50.

Musk also gave an emotional interview to the New York Times, published Friday, about the stress he’s experienced as the company tries to ramp up production. He said this year has been “excruciating” and described working up 120 hours a week, raising concerns about his health.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.86 percent from 2.87 percent.

U.S. crude picked up 0.7 percent to $65.91 a barrel in New York. Brent crude, the standard for international oil prices, added 0.6 percent to $71.83 per barrel in London.

Wholesale gasoline dipped 0.3 percent to $1.98 a gallon. Heating oil inched up 0.1 percent to $2.10 a gallon. Natural gas rose 1.3 percent to $2.95 per 1,000 cubic feet.

Gold was little changed at $1,184.20 an ounce. Silver fell 0.6 percent to $14.63 an ounce. Copper added 0.5 percent to $2.63 a pound.

The dollar dipped to 110.60 yen from 110.88 yen. The euro rose to $1.1443 from $1.1365.

The German DAX lost 0.2 percent and France’s CAC 40 fell 0.1 percent. The FTSE 100 in Britain was little changed.

Japan’s Nikkei 225 index added 0.4 percent and Hong Kong’s Hang Seng gained 0.4 percent. In South Korea, the Kospi gained 0.3 percent.

Trump Expects to Revoke DOJ Official’s Security Clearance

U.S. President Donald Trump said Friday he plans to revoke the security clearance of Bruce Ohr, a Justice Department official whose wife was employed at the company that was involved in producing the dossier on Trump’s links to Russia.

Trump called Ohr a “disgrace” outside the White House and said, “I suspect I will be taking it away very quickly.”

Ohr is under intense Republican scrutiny for his contacts with Glenn Simpson, who co-founded the opposition research firm Fusion GPS.

The president also suggested he may revoke Special Counsel Robert Mueller’s security clearance, and said, “Mr. Mueller has a lot of conflicts also, directly himself.” Trump said, nevertheless, that Mueller should be allowed to finish a report on Russia’s interference in the 2016 U.S. presidential election.

Trumps remarks came after he revoked the security clearance earlier this week of former CIA Director John Brennan.

Twelve former senior intelligence officials have issued a statement on what they call “the ill-considered and unprecedented remarks and actions by the White House regarding the removal of John Brennan’s security clearances.” 

“The president’s action regarding John Brennan and the threats of similar action against other former officials has nothing to do with who should and should not hold security clearances — and everything to do with an attempt to stifle free speech,” the statement released late Thursday said. It was signed by six former CIA directors, five former CIA deputy directors and a former director of National Intelligence.

“We have never before seen the approval or removal of security clearances used as a political tool as was done in this case. Beyond that, this action is quite clearly a signal to the former and current officials,” the statement said.

Retired admiral’s challenge

In another development, the former U.S. Navy admiral who led the operation to kill terrorist leader Osama bin Laden is challenging Trump to revoke his security clearance.

In an open letter to Trump in The Washington Post, Retired Admiral William McRaven wrote he would consider it an “honor.”

“Through your actions, you have embarrassed us in the eyes of our children, humiliated us on the world stage and, worst of all, divided us as a nation,” McRaven wrote.

The retired admiral called Brennan “one of the finest public servants I have ever known.”

Trump’s explanation

Trump contradicted the official White House explanation of why he took the action against Brennan.

He told The Wall Street Journal he believes Brennan is one of those responsible for Mueller’s probe into possible collusion between the Trump campaign and Russian interference in the 2016 presidential election and whether Trump obstructed justice by trying to derail the investigation.

Trump repeated his belief the probe is a “rigged witch hunt … a sham … and these people led it,” referring to Brennan and nine other past and current government security officials whose clearances he is considering revoking.

“So, I think it’s something that had to be done,” Trump said of taking away Brennan’s clearance.

The president said he does not trust “many of those people on that list” and does not think they are “good people.” 

​White House explanation

Hours earlier, White House spokeswoman Sarah Sanders denied that Brennan and others are being singled out because they are critics of Trump.

She only cited what she called Brennan’s “erratic conduct and behavior” that “has tested and far exceeded the limits of any professional courtesy that may have been due to him.” She also questioned Brennan’s “objectivity and credibility.”

Brennan’s reaction

Brennan said he believes Trump stripped his security clearance for political reasons and wants to “silence others who might dare to challenge him.”

He wrote in Thursday’s New York Times that Trump “clearly has become more desperate to protect himself and those close to him.

He called Trump’s assertion there was no collusion between his campaign and Russia “hogwash.”

“The only questions that remain are whether the collusion that took place constituted criminally liable conspiracy, whether obstruction of justice occurred to cover up any collusion or conspiracy, and how many members of ‘Trump Incorporated’ attempted to defraud the government by laundering and concealing the movement of money into their pockets,” Brennan wrote.

The White House said Wednesday that security clearances are under review for former U.S. National Intelligence director James Clapper, former FBI director James Comey, former Obama administration National Security advisor Susan Rice, former National Security Agency director Michael Hayden and former Deputy Attorney General Sally Yates.

Brennan has been a familiar face on television news shows where he has made scathing attacks on the president. He called Trump’s performance at a joint news conference with Russian President Vladimir Putin in Helsinki “treasonous.”

Brennan on Twitter described Trump’s action on Wednesday as part of a broader effort “to suppress freedom of speech and punish critics,” adding that it “should gravely worry all Americans, including intelligence professionals, about the cost of speaking out.”

VOA’s Jeff Seldin contributed to this report.

Benjamin Smith New CEO of Air France-KLM; Unions Concerned

Unions at Air France-KLM voiced concern after the company appointed Benjamin Smith as the new CEO with the support of the French state.

The company said Thursday that Smith, who is 46 and was previously Air Canada’s chief operating officer, will fill the role by Sept. 30.

Vincent Salles, unionist at CGT-Air France union, said on France Info radio that unions fear Smith’s mission is to implement plans that would “deteriorate working conditions and wages.”

The previous CEO, Jean-Marc Janaillac, resigned in May after Air France employees held 13 days of strike over pay and rejected the company’s wage proposal, considered too low.

Finance Minister Bruno Le Maire welcomed an “opportunity” for Air France-KLM and expressed his confidence in Smith’s ability to “re-establish social dialogue.”

Trump: Trial of Former Aide Manafort ‘Very Sad’

As a jury deliberates a second day on a verdict in the trial of U.S. President Donald Trump’s former campaign chairman Paul Manafort, Trump said the trial was “sad.”

“I think the whole Manafort trial is very sad, when you look at what’s going on there,” Trump told reporters Friday at the White House. “He worked for me for a very short period of time,” Trump said, adding, “but you know what? He happens to be a very good person. And I think it’s very sad what they’ve done to Paul Manafort.”

The six-man, six-woman jury met for about seven hours Thursday in a Virginia courthouse, during which they asked the judge four questions, including clarification of the meaning of “reasonable doubt.” Under U.S. law, the guilt of the accused must be proven “beyond a reasonable doubt” or there can be no conviction.

Other questions delved into specific details of the tax and bank fraud case.

Earlier in the day, Judge T.S. Ellis gave a final summary to the jury before they started considering the case behind closed doors.

Prosecutors and defense lawyers presented their closing arguments Wednesday, the prosecution arguing Manafort’s life was “littered with lies” as he bought palatial mansions, expensive suits, cars, electronics and other high-priced items.

“Mr. Manafort lied to keep more money when he had it, and he lied to get more money when he didn’t,” prosecutor Greg Andres said.

But defense attorney Richard Westling told the jury Manafort should be acquitted because the government had not met its burden to prove that he was “guilty beyond a reasonable doubt.”

Westling said that is the reason the defense decided to rest Its case without calling any witnesses to testify, including Manafort himself.

Westling attacked the government’s contention that Manafort hid millions of dollars in offshore accounts to avoid U.S. taxes so he could fund the luxurious purchases. He said Manafort had an adjusted net worth of $21.3 million at the end of 2016.

“Given this evidence, how can we say he didn’t have money?” Westling said.

Westling also attacked the prosecution’s star witness — Manafort’s former deputy chairman in the Trump campaign, Rick Gates — as a liar and a thief.

Gates had already pleaded guilty before Manafort’s trial to helping him hide millions in income from U.S. tax authorities and is awaiting sentencing.

Along with hours of testimony about Manafort’s finances, Gates acknowledged he stole hundreds of thousands of dollars from Manafort, in part to finance an extra-marital affair in London, and lied about his own role in hiding money in offshore accounts.

Prosecutor Andres alleges that overall, Manafort “failed to pay taxes on more than $15 million” in income.

Much of the money, the government alleges, came from Manafort’s lobbying for deposed Ukrainian President Viktor Yanukovych, who was toppled in a popular 2014 uprising in Kyiv before fleeing to exile in Russia.

But Andres alleged that when the stream of money from Yanukovych dried up four years ago, Manafort financed his lifestyle by securing about $20 million in bank loans in the U.S. by lying about his assets and debts on loan applications.

“He lied and lied again,” Andres said.

Prosecutors for special counsel Robert Mueller presented two weeks of testimony against Manafort, accusing him of hiding millions of dollars in offshore accounts he earned while lobbying for Yanukovych in the years before Manafort joined Trump’s campaign.

The case has drawn particular interest in the U.S. because it is the first trial conducted by Mueller’s prosecutors in their wide-ranging investigation of Russian meddling in the 2016 election.

They are probing whether Trump associates conspired with Russia to help Trump win the White House and whether Trump, as president, obstructed justice by trying to thwart the investigation.

However, the case against Manafort, a long-time Washington lobbyist, only peripherally touched on the campaign. Instead, it dealt almost totally on accusations about his financial transactions and what he did with the money from Yanukovych and the bank loans.

Trump Asks SEC to Review Practicality of Quarterly Corporate Reports

President Donald Trump says he’s asking federal regulators to look into the effectiveness of the quarterly financial reports that publicly traded companies are required to file.

In a tweet early Friday, Trump said that after speaking with “some of the world’s top business leaders,” he’s asked the U.S. Securities and Exchange Commission to determine whether shifting to a six-month reporting regimen would make more sense.

The SEC requires such companies to share profit, revenue and other figures publicly every three months.

Some believe executives are making decisions based on short-term thinking to satisfy the market at the expense of the long-term viability of their companies.

There are also tremendous expenses tied to preparing quarterly and annual reports.

Asian Currencies Slip on Trade Fears as Authorities Try to Avert Crisis

Many of Asia’s currencies are losing value against the U.S. dollar this year as China and the United States fight over trade, but analysts say policymakers are handling the dip better now than during past down cycles.

China, India, Indonesia and Myanmar, to name just a few, have seen their currencies lose value since the start of 2018. The Indian rupee hit an all-time low in June, and the Chinese yuan lost 3.2 percent over the year through June.

Economists point to a range of problems, including possible contagion from financial woes in Turkey and concerns about investing in Asia due to the Sino-U.S. trade war expected to hit China next week with tariffs on goods worth $16 billion.

“It’s just basically that everything we’ve worried about now and then sort of converged together,” said Song Seng Wun, an economist in the private banking unit of CIMB in Singapore.

But monetary authorities in Asia have learned from currency dips in 2013, 2015 and 2016, economists believe.

​Causes for decline

No single cause is pushing currency prices lower around Asia, analysts say. Rising oil prices have knocked back the rupee as Indians pay more to import it, media in the country say. Domestic media in Myanmar blame a surge in imports into the fast-growing Southeast Asian country, plus people’s hoarding of U.S. dollars.

In Vietnam, the brokerage Bao Viet Securities blames a 1.3 percent dip in the dong currency due to pressure from similar slips elsewhere in Asia, including the Chinese yuan’s devaluation and a 7 percent fall in the Indonesian rupiah as of June.

A particularly severe fall in Turkey’s lira along with inflation and loan defaults — all threatening to drag down other economies — is weighing on Asian currency rates, Song said.

Economists and media in the countries affected usually point to spillover from the Sino-U.S. import-export war as a chief cause. That dispute began unfolding in early 2018 as U.S. President Donald Trump said Beijing was trading unfairly.

In India, the trade war has dissuaded investors from taking positions in domestic assets, media reports there say. And in Vietnam, China’s devaluing of the yuan in June, possibly because of U.S. trade tension, cramps Vietnamese exports. A lower yuan helps Chinese exporters earn more on goods shipped to the United States.

“I think there’s a number of reasons why it could be going down,” said Maxfield Brown, speaking to the currency in Vietnam where he’s senior associate with the business consultancy Dezan Shira & Associates.

“I think [Vietnamese officials] are watching what’s going on between China and the United States, and it is a fact that the Chinese government has devalued its currency and that impacts the ability of Vietnam to export products. I think everyone’s watching the situation.”

​Coping strategies

Asian monetary authorities have gotten a grip on this year’s devaluations compared to what happened in 2013 as capital left Asia due to the tapering of economic stimulus in the United States, said Marie Diron, managing director with Moody’s Investors Service in Singapore.

Economic stimulus after the global financial crisis had inspired investors to buy assets in Asia where they grew relatively fast, tracking the region’s economic strength.

To shore up the rupiah, Indonesia’s monetary authority has raised interest rates four times in three months. Monetary authorities in India and the Philippines have raised rates this year, as well. Rate hikes generally raise the value of currencies compared to countries that keep rates down.

Asian countries are keeping more foreign currency in reserve and better controlling any budget deficits, as well, Diron said.

“Central banks have built up their foreign exchange reserve buffer, so they do have more ammunition, if you want, to at least smooth some of the currency volatility,” she said.

In Vietnam, mismanagement of currency in the past has taught leaders how to react, and they’re aiming for a “measured response” now, Brown said.

China is likely to nudge its currency back up along with budgetary stimulus for the economy, easing worries in other markets, the French investment bank Natixis said in a research note Friday.

Asian currency drops are unlikely to reach crisis levels, economists say. They’re not weak enough even to pose that threat yet, Song said.

In some cases, he said, trade-reliant nations such as many in Southeast Asia may fare better with weaker currencies because exporters would earn more money when converting their U.S. dollar earnings into local units.

Grassroots Movements Now Built With Digital Tools

Grassroots organizing is the key to building a movement, and much of it today is done online. Connections made through social media sites such as Facebook and Twitter bring supporters to rallies, and dozens of online sites help politicians and activists manage vast amounts of data, disseminate their message and connect with supporters.

Several candidates in last year’s French presidential election turned to a U.S.-based company called NationBuilder for digital tools to manage their outreach. The election’s surprise winner, 39-year-old Emmanuel Macron, did not, but he later turned to the company to build a legislative majority in the National Assembly.

His field of candidates in the legislative election in June 2017 included many political novices, but Macron gained a majority of the assembly’s 577 seats, securing 350 seats for his La Republique En Marche! party with coalition partner Mouvement Democrate.

“Macron ended up using us to field an entire government, to run his legislative elections,” said NationBuilder CEO Lea Endres at the company’s headquarters in Los Angeles. “There are people all over the world in 112 countries” who do the same, she said, “political parties and political candidates, nonprofit organizations, small businesses, large businesses.”

Causes across the spectrum

The company is one of dozens of sources for the digital tools that activists use. Others include the open-source CiviCRM for nonprofit management and the petition-writing site Change.org.

NationBuilder says it attracts people across the political spectrum, from Republicans in Maryland and several southern U.S. states to Jagmeet Singh, the newly elected leader of Canada’s left-leaning New Democratic Party. A Sikh, Singh is the first member of an ethnic minority group to serve as permanent leader of a major Canadian party.

Brexit

The debate surrounding Brexit, the 2016 vote to withdraw Britain from the European Union, spurred activists on the “remain” side. They used NationBuilder to target supporters, sending targeted emails to supporters in specific parts of the country “to set up a campaign group or support one that’s already there, or promote an action that’s happening locally,” said James MacCleary, campaign director for the European Movement UK.

“It gives an ability to be very flexible with our data and get away from global email blasts,” he said. The group is pressing for a national referendum on the final Brexit agreement.

For any organization or cause, supporters receive targeted emails that help to build relationships, according to Ryan Vaillancourt, director of sales enablement at NationBuilder.

For environmental groups, an email might say “you told us six months ago that you want to get involved in this organization and the reason that you cared about this campaign is that you’re passionate about the environment,” Vaillancourt explained. “We’ve got an event coming up, it’s down the street from you, and we’d love to see you there.”

Adapts to technology

With a presence in more than 100 countries, the company adapts to local needs in places like Africa, where “they’re not about long email lists and long newsletters,” said Toni Cowan-Brown, NationBuilder’s vice president for European Business Development. “They want to be able to communicate with people on their smartphones because that’s the biggest and richest technology source that they have right now,” she said.

From political parties to nonprofits, promoting a cause or building a movement are all about people, and the tools to connect and motivate them, these tech developers say, are found today online.

Google Workers Protest China Plan Secrecy

Google is planning a return to China.

But the project is shrouded in secrecy, and employees are demanding transparency.

According to a report by The New York Times on Thursday, August 16, a petition calling for more oversight and accountability in the project racked up more than 1,000 signatures.

Reuters reported this month, the app is a bid to win approval from Beijing to provide a mobile search engine in China.

However, employees are concerned the app would support China’s restrictions on free expression and ultimately violate the company’s ‘don’t be evil’ code of conduct.

The petition, seen by Reuters says, “We urgently need more transparency, a seat at the table and a commitment to clear and open processes: Google employees need to know what we’re building.”

The company declined to comment.

Sources say the project – codenamed Dragonfly – would block certain websites and search terms.

It would also stand in stark contrast to eight years ago, when Google left China in protest of Beijing’s censorship.

Company executives have not commented publicly on Dragonfly.

But in a transcript seen by Reuters, Google’s Chief Executive Sundar Pichai told employees “it’s all very unclear” whether Google would return to China at all.

He also said that development is still in the early stages, and that sharing information too early could quote “cause issues”.

Can Twitter Change Its ‘Core’ and Remain Twitter?

After long resisting change, Twitter CEO Jack Dorsey wants to revamp the “core” of the service to fight rampant abuse and misinformation. But it’s not clear if changing that essence — how it rewards interactions and values popularity — would even work.

 

Though Dorsey was scant on details, what is certain is that the move will require huge investments for a company that doesn’t have the same resources that Google and Facebook have to throw at the problem. Any change is likely to affect how users engage with Twitter and hurt revenue, testing the patience of both users and investors.

 

“Social networks have a history of … well-intentioned but badly designed efforts to fix this,” said Nate Elliott, principal at marketing research firm Nineteen Insights.

 

Twitter isn’t alone in having to deal with hate, abuse, misinformation and bad actors using the service for elections interference, targeted harassment and scams. And Twitter isn’t alone in proposing fixes that don’t get to the heart of the problems.

 

Case in point: Facebook. After Russian trolls were found to have used Facebook to interfere with the 2016 U.S. elections, including by purchasing ads, the company spent a lot of time and energy building a tool that shows who’s behind political advertisements. But Elliott said it’s not even clear which ads on Facebook are the ones causing problems around foreign elections meddling. In 2016, Russian agents weren’t so much running political ads for or against candidates but rather social ads on divisive such as gun control and immigration.

 

But like Facebook, Twitter has to try — or at least be seen as trying.

 

Dorsey told The Washington Post that Twitter had not considered changing the core of the service until now. Like Facebook and others, Twitter has been accused of tinkering around the edges, tweaking policies and hiring masses of moderators when what’s really needed is a fundamental shift in how they work and how they make money in order to survive. While many former executives and other insiders have proposed radical shifts at major social networks, it’s rare for a sitting CEO to propose something as drastic as revisiting the foundation that his company is built on.

 

“We often turn to policy to fix a lot of these issues, but I think that is only treating surface-level symptoms that we are seeing,” Dorsey said.

 

Twitter confirmed Dorsey’s comments to the Post, but declined further comment.

 

Revamping the core could mean changing the engagement and rewards designed to keep users coming back — in the form of seeing their tweets liked, responded to and retweeted, and seeing their follower counts grow. It’s the tiny dopamine hits we get with each like that makes us feel better and keeps us returning for more. Take that away, and users might not want to return. In turn, advertisers might stay away, too, as they rely on monthly and daily user numbers, as well as user interactions, to gauge how well their ads work and how much to spend.

 

Unlike Facebook, Elliott said, Twitter doesn’t have billions of users to absorb any hits on user growth. Even if the changes work, he said, “it’s going to cost them so many users and so much money I can’t imagine them sticking with these kinds of changes.”

 

Paul Verna, an analyst with research firm eMarketer, also isn’t “terribly optimistic” that Twitter can make its service safer without hurting its business. The same goes for Facebook, and YouTube.

 

“Because they rely on an advertising business model, they need to not only continue to reach audiences, but try to get them to spend as much time on platforms as possible,” he said. “That creates an inherent tension between your business needs and being a good citizen.”

 

That said, Twitter may not have to reinvent itself completely to improve. Elliott said better policies might go a long way toward reducing the abuse. For example, it’s currently OK to harass someone on Twitter, as long as it’s not harassment based on certain categories such as gender and sexual orientation. Elliott said Twitter may just need to prohibit all harassment.