Soren Skou runs the world’s largest shipping company, AP Moller-Maersk. In an interview from his offices in Copenhagen, Skou explained that Donald Trump’s insistence on applying tariffs could greatly hamper global trade growth by .1 to .3 percent annually, but that the results for the U.S. economy would be the worst, “perhaps 3 or 4 percent.” The company transports about 20 per cent of the world’s seaborne consumer goods, putting it in a unique position to gauge the fallout of tariffs on trade flows. Maersk has in the past broken with its culture of steering clear of any political debate to criticise the trade policies of US President Donald Trump. [...] “The first thing the American importers would do if tariffs are put on Chinese consumer goods would be to buy in Vietnam, in Indonesia or elsewhere in Asia,” Mr Skou said. “Big US consumer brands like Nike produce in all of Asia, not just in one country, so there will be a substitution effect.” And of course, as money disappears from manufacturers’ profit margins and the costs of creating the things that Americans consume rise, so will the prices of things—and that doesn’t really bother the top 1 percent of our country, because they can afford it.
If there’s on thing you can count on with Donald Trump—besides the fact that in any situation he will be an utter jackass—is that if someone speaks out against him, he’ll threaten to sue. Women accuse him of sexual assault? Check. Critical media coverage? Check. Check. Check.Check. Check. Political opponents? Check. Golf organizations? Check. The list goes on and on, and yet somehow he never gets around to suing any of them. And on Monday, he finally admitted why: xI hope John Brennan, the worst CIA Director in our countryÃ¢ÂÂs history, brings a lawsuit. It will then be very easy to get all of his records, texts, emails and documents to show not only the poor job he did, but how he was involved with the Mueller Rigged Witch Hunt. He wonÃ¢ÂÂt sue!— Donald J. Trump (@realDonaldTrump) August 20, 2018 As he’s always known, discovery in a lawsuit is a two-way street. So come on, Don, we triple-dog dare you. Sue all those people you’ve threatened over the years. Because we all want to see your records, texts, emails, and documents. Just do it.
It’s still summertime and summertime means summer reading lists. Historically, sitting presidents enjoy being asked about what they are reading because whether or not they are reading anything on their own time, it’s a way to humbly brag about one’s intellect. President Barack Obama posted his to Facebook. One of my favorite parts of summer is deciding what to read when things slow down just a bit, whether it’s on a vacation with family or just a quiet afternoon. This summer I've been absorbed by new novels, revisited an old classic, and reaffirmed my faith in our ability to move forward together when we seek the truth. Here’s what I’ve been reading: Tara Westover’s Educated is a remarkable memoir of a young woman raised in a survivalist family in Idaho who strives for education while still showing great understanding and love for the world she leaves behind. Set after WWII, Warlight by Michael Ondaatje is a meditation on the lingering effects of war on family. With the recent passing of V.S. Naipaul, I reread A House for Mr Biswas, the Nobel Prize winner's first great novel about growing up in Trinidad and the challenge of post-colonial identity. An American Marriage by Tayari Jones is a moving portrayal of the effects of a wrongful conviction on a young African-American couple. Factfulness by Hans Rosling, an outstanding international public health expert, is a hopeful book about the potential for human progress when we work off facts rather than our inherent biases. Donald Trump hasn’t released such a list, but CNN went through his Twitter feed to see what he’s mentioned in between semi-coherent rants about “witch hunts.” Here’s what they found:
When you can't go high, go low. More than ever this year that's the GOP strategy to save the House in an environment where Donald Trump is a crippling liability in swing districts and Republicans haven't delivered much of anything for 99 percent of American households. Along with the National Republican Congressional Committee running ads that smear Minority Leader Nancy Pelosi and liberalism, the GOP's Congress Leadership Fund super PAC is combing through the personal and professional biographies of Democratic candidates looking for anything they can use to mar their credibility, writes Politico. So far they've gone after a Democrat running to represent Speaker Paul Ryan's district, Randy Bryce, for a DUI and several other arrests, including driving on a suspended license. Bryce apologized in a statement to CNN in July, saying: “There is no excuse for what I did 20 years ago when I got behind the wheel and operated under the influence.” And there's New Jersey Democratic nominee Mikie Sherrill, who has served as a Navy helicopter pilot and a federal prosecutor. “Mikie Sherrill claims to have the best interests of children in mind, but as a lawyer, she negotiated a deal with someone who knowingly distributed child pornography,” one research memo reads. Sherrill’s campaign manager Mollie Binotto called the attack “absurd,” adding in a statement, “all it shows is a bankrupt Republican agenda in Washington that can’t defend its record to voters on taxes, health care or infrastructure.« Yep, they're going to throw everything AND the kitchen sink at these Democratic upstarts who have no voting record to be seized on. Democrats actually tried a somewhat similar tact in 2010, when they suffered a sweeping midterm loss of over 60 flipped seats. Here's what a former DCCC official involved with that 2010 strategy says about it now. “You win elections by meeting voters where they are, not by trying to convince them something else matters that’s not relevant to their life.»
North Carolina Republicans escalated their assault on democracy to yet another level on Friday when state party executive director Dallas Woodhouse issued a barely disguised threat to impeach the Democratic justices on the state Supreme Court if they block the GOP's attempt to put several deceptively worded constitutional amendments on the November ballot, an effort that’s been widely criticized as a partisan power grab. In other words, Republicans are telling the justices, “Rule the way we want or we’ll boot you out of your jobs”—making no attempt whatsoever to disguise their contempt for the rule of law and judicial independence. And this is no idle threat, since the GOP has the two-thirds majority in the state Senate they’d need to oust these judges, thanks to gerrymanders that were ruled unconstitutional last year. North Carolina Republicans are not alone in their crusade to undermine the very notion of an independent judiciary. Earlier this year, Pennsylvania Republicans threatened to impeach their state Supreme Court after it struck down the GOP’s congressional gerrymander and replaced it with a fairer map. After an uproar, these Republicans backed down, but their counterparts in North Carolina have shown they’ll stop at nothing to cling to power, so we know they are shameless enough to follow through. Fortunately, North Carolina voters have a chance to elect a true civil rights champion to their Supreme Court in November in Democrat Anita Earls, who will help ensure the court stands as a bulwark against GOP efforts to attack democracy. Can you give $3 to help elect Anita Earls to the North Carolina Supreme Court and fight for the rule of law?
According to records looked at by the Washington Post, disgraced former head of the Environmental Protection Agency (EPA) Scott Pruitt made a single, 5-minute, phone call from his extra special $43,000 phone booth. The head of the Environmental Protection Agency resigned last month after coming under fire for how he spent tax dollars and treated his staff. He made the five-minute call on Jan. 29, according to Verizon phone logs released in response to litigation filed by the Sierra Club, an environmental advocacy group. The phone logs do not show what kind of incoming calls Mr. Pruitt may have received from whoever might have that very expensive phone number. Let’s guess some kind of fossil fuel overlord. When the grotesque spending practices of the Trump cabinet began trickling out, it was Scott Pruitt who somehow held on the longest, considering how clearly in violation of federal law his corruption seemed to be. Pruitt tried to blame most of egregious spending on his staff, because Scott Pruitt like the rest of the Trump regime is nothing if not a coward.
There are metaphorical hype trains, those are normal. Less normal: actual, literal hype trains. Spider-Man now has one.
As local lenders struggle with mountains of NPAs grow pickier, borrowers are more reliant on international creditors
The investor says the bank mishandled money, making it look like he'd embezzled funds and inflicting $100 million in damage to the firm.
You now have another way to buy 5 gallons of soy sauce.
One Medical, the company hoping to disrupt the doctor’s office with concierge services, virtual visits and same-day appointments, is rumored to be in late-stage talks with the Carlyle Group for $200 million in funding, according to CNBC. The firm is also looking to buy an additional $100 million worth of shares from existing investors, according […]
Stratolaunch, the commercial space firm founded by Paul Allen back in 2011, has revealed a bit more of its plan for taking payloads to orbit via one of the world's biggest planes. It's now working on a pair of its own rocket-powered launch vehicles, and is in the early phases of creating a reusable, crew-capable space plane.
Google’s Unskippable Ads team has been testing out ad effectiveness in a compelling new way: It created a fake pizza brand called Doctor Fork, used stock footage to create 33 ads and then served them up on YouTube and reached 20 million impressions. Ben Jones, creative director at Unskippable Labs, explained that there are certain […]
The massive black sarcophagus that captivated the world contained three inscriptions in gold.
Twitch Prime, the perks program for Amazon Prime members offering free loot, games and other benefits is ditching one of its best features: ad-free viewing. According to an email sent out to Amazon Prime members today, ad-free viewing will no longer be included as a part of Twitch Prime for new members, beginning on September […]
PULA, Croatia — A British woman who fell from a cruise ship and spent 10 hours in the Adriatic Sea at night sang to stay alive, her rescuers said Monday. The captain of the Croatian rescue ship that found Kay Longstaff, 46, floating some 45 nautical miles off Croatia's coast ...
With SpaceX and Blue Origin pushing the envelope of private space travel forward, other companies, including many aerospace veterans are adapting, demoing, and experimenting with new tech. In that vein, Lockheed Martin has […] The post Lockheed Martin Unveils New Deep Space Habitat appeared first on Geek.com.
OKLAHOMA CITY — Frontier Airlines says it has suspended a pilot accused of threatening on Facebook to harm a 12-year-old transgender girl for using the girls bathroom at her Oklahoma school. Frontier spokesman Jonathan Freed said in a statement Monday that the pilot was suspended Aug. 13 pending an investigation ...
If you’ve been to a big comic or gaming con lately, you’ve probably seen some dope fashion. I don’t mean cosplay, I mean fashion. You can look rad and still keep true to […] The post Geek Pick: Volante Design Hacker Jacket appeared first on Geek.com.
ORLANDO, Fla. (AP) - A federal appeals court is giving a green light for visitors with autism to proceed with lawsuits against Disney theme parks that claimed not enough was being done to accommodate them. The 11th U.S. Circuit Court of Appeals last week ruled that plaintiffs in 30 lawsuits ...
FlameCon 2018 was last weekend, and like any good comic book convention there was plenty of cosplay to be seen. And, because it was FlameCon, a lot of it was distaff, rule 63, […] The post The Fantastic Cosplay of FlameCon 2018 appeared first on Geek.com.
Pittsburgh Pirates right-hander Chris Archer has left his start with left leg discomfort
Green Bay Packers running backs have had a tough time staying on the field during the preseason.
LEADING OFF: Stanton returns to Miami, Altuve off the DL, Jones gets odd reunion with Blue Jays rookie
New to Baltimore, Ravens wide receiver John Brown is really turning heads. Just watch “Smoke Brown” make this sick end zone catch for a seven-yard touchdown. #BALvsINDcc: @Nate13Burleson pic.twitter.com/9dSvT3Vpag— NFL (@NFL) August 21, 2018 We will give quarterback Joe Flacco a shout out as well for putting that ball exactly where it belonged. So far during training camp, Brown has been very impressive.Between he and veteran Michael Crabtree, both look to be promising new weapons for Flacco to work with this fall.
Chris Archer was removed from his start prematurely on Monday due to leg discomfort, the Pirates said.Archer allowed one run on five hits in four innings of work for the Pittsburgh Pirates against the Atlanta Braves. He left trailing by a run and was removed as a precaution, according to the team. Archer went to a knee during an at-bat in the third and then was seen by a trainer prior to pitching the fourth. He pitched the inning but was removed after that.Archer was acquired by the Pirates in a big trade deadline deal last month. He entered his start with a 5.65 ERA in three starts since joining Pittsburgh.