Author Archives: admin

Trump's Cabinet has had more ex-lobbyists than Obama or Bush

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In less than three years, President Donald Trump has named more former lobbyists to Cabinet-level posts than his most recent predecessors did in eight. The Cabinet choices are another sign Trump’s populist pledge to “drain the swamp” is a catchy campaign slogan but not a serious attempt to change the way Washington works. Instead of staring down “the unholy alliance of lobbyists and donors and special interests” as Trump recently declared, the influence industry has flourished during his administration.

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U.S. to Return Ambassador to Belarus as Minsk Seeks New Friends

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(Bloomberg) — The U.S. plans to return its ambassador to Belarus, ending a freeze in ties with the authoritarian former Soviet republic which had lasted for more than 11 years.“We are happy to see that chapter closing, and we are closing it because of the concrete steps in the direction that you, Mr. President, had taken to improve this relationship,” David Hale, Undersecretary of State for political affairs, told Alexander Lukashenko during a meeting in Minsk.The U.S. withdrew its ambassador from Minsk in 2008 as relations between the two countries spiralled lower over Washington’s allegations of human-rights abuses by the …read more

Kraft Heinz slips as 3G Capital cuts stake

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In a filing with the U.S. Securities and Exchange Commission on Monday, 3G Global Food Holdings disclosed that it sold 25.1 million shares at $28.44 per share, lower than Kraft Heinz’s Monday’s close of $29.62. The $712.95 million stock sale brings 3G Capital’s stake down to 20.1% from 22.14%, and it continues to be the second largest shareholder behind Warren Buffett’s Berkshire Hathaway Inc . “The sale was driven by periodic liquidity windows by 3G investors in the 3G fund that holds Kraft Heinz stock,” said Kraft’s spokesman, adding that the Brazilian private equity firm has no current …read more

2020 Vision Tuesday: What a race between Trump and Warren would look like

In one corner you had President Trump, the presumptive Republican nominee, doing his usual rally shtick before a crowd of 7,500 at the Santa Ana Star Center in Rio Rancho, N.M. In the other corner you had Elizabeth Warren, the only Democratic candidate to show a slow but steady rise in the polls, railing against corruption before a crowd of more than 20,000 in lower Manhattan’s Washington Square Park, where a deadly 1911 fire at the Triangle Shirtwaist Factory helped accelerate the American labor movement.

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20 dead as truck falls off cliff in southern Philippines

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Twenty villagers were killed and 14 others were injured when the truck they were riding in lost control and fell off a cliff Tuesday in a remote mountain village in the southern Philippines, police and the Red Cross said. Provincial police chief Joel Limson said the truck was negotiating a downhill road in Tboli town in South Cotabato province when its brakes apparently failed and plummeted down a ravine, pinning 15 people to death. Police, Red Cross volunteers and villagers retrieved the 15 bodies from the wreckage at the bottom of the ravine.

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