27 марта, 14:55

FULL TEXT: Speaker Ryan’s Address to the Czech Parliament

PRAGUE—In an address today to a special session of the Czech Parliament, House Speaker Paul Ryan (R-WI) called for “solidarity on this frontier of freedom” and hailed strong U.S.-Czech ties based on common values and interests. The speech comes during an official visit to mark the 100th anniversary of the establishment of U.S.-Czech relations. Speaker Ryan is the first American leader in history to address the Czech Parliament.   Following is the text of Speaker Ryan’s remarks, as prepared for delivery:  "Speaker Vondráček, Prime Minister Babiš, ministers, distinguished members of this chamber:  "It is wonderful to be here in Prague, this inspiring city of a hundred spires.  "Thank you for convening this special session.  "I know it is a rare privilege for a foreign leader to address this body.  "While I am deeply honored, I view this far more as a tribute to the warm friendship between our countries, which share such a unique and lasting bond of history.  "This is a special moment in that story, 100 years after President Woodrow Wilson collaborated with your first president, Tomas Masaryk, to establish an independent Czechoslovak Republic.    "Just as our declaration of 1776 spoke of a 'pursuit of happiness,' Masaryk’s declaration —drafted in Washington—calls the Czech people to begin a 'constant endeavor for progress.'  "What an extraordinary endeavor it has been.  "There were times along the way when few would have fathomed a gathering such as this.  "In the mid-1970s, the Chancellor of West Germany predicted that Western Europe 'has only 20 or 30 more years of democracy left in it.' "But today, the American and Czech militaries serve side by side to keep the peace.  "American and Czech businesses invest in each other’s workers and economies. "Countless students, artists, and entrepreneurs go back and forth each year.  "And today, an American speaker appears before you, the elected representatives of a free and thriving Czech people. "Colleagues, freedom is flourishing. We should not take this milestone for granted.  "You know, in a way, our ties run even deeper than the last century. "The Czech Republic is often referred to as being in the 'heart of Europe.' "Similarly, my family is from Janesville, Wisconsin, a small, working-class town in America’s heartland. We raise our kids on the same block where I grew up. "My great-great grandfather, James Ryan, made the long voyage from Ireland sometime in the 1850s.  "To this day, there are some 60 Ryan cousins in Janesville. . .all living in one square mile.  "Wisconsin is where many European migrations of the mid-19th century ended.  "In fact, most of the first Czech settlers in America came to our state. Many began as farmers, and went on to open their own shops and businesses.  "Racine, a community I have the privilege to represent, was actually called 'Czech Bethlehem.' "The first Czech newspapers in the United States were published there. One of the first mayors of Racine was Czech.  "The Czech people helped shape our country.  "That sense of striving and upward mobility—of making the most of your God-given talents—is at the heart of what I call the 'American Idea.' "It is the notion that the condition of your birth does not determine the outcome of your life.  "Those beautiful timeless principles—freedom, free enterprise, self-determination, government by consent…they give us the ability to chart our own course.  "Government is at its best when we are applying those founding principles to the problems of the day.  "This 'American Idea' animated my own studies, and motivated my own very unlikely pursuit of public service. "When I first ran for office, I was 27 years old.  "And to tell you the truth, there were few people willing to take a risk on a 27-year old running for Congress.  "I needed to find someone who would, and would help me get a start.  "So I reached out to one of the top political leaders in our state. His name was Steve King.  "By then, Steve was a giant in Wisconsin politics. He had long been our state party chairman.  "And I simply would not take ‘no’ for an answer.  "When Steve signed on to be my campaign chairman, it gave me instant credibility. And, as I know now, it gave me a lifelong friend too. "This man is a true patriot and a class act. We are so blessed to have him as America’s ambassador to the Czech Republic.  "Thank you, Mr. Ambassador. "Yesterday, over at our embassy, the Ambassador and I walked up the hill to the Glorietta. The view from up there is just splendid, it really is. "There, I presented him with an American flag that recently flew above our Capitol building to commemorate this centennial. "You may recall that in a much different, and darker, time—when the Iron Curtain divided this continent—we kept our stars and stripes flying above the Glorietta.  "It was a signal of our unending support for the Czech people and our desire that we would one day return to our deeply shared values. "But this republic did not merely return from communism.  "It roared back to life, in large part on the vision of Vaclav Havel.  "Every day, just before heading up the stairs to my office in the Capitol, I walk by a bust of Havel.  "It was sculpted by a Czech artist who was forced into exile during the period of communist rule. "The Havel bust is actually just across the hall from a bust of Winston Churchill.  "I always wonder what those two talk about at night when no one is around. "They stand watch in a space we call Freedom Foyer, as a tribute to all those who have fought and sacrificed for our guiding principles. "In a scene that only a playwright of his caliber could have crafted, Havel was just months removed from prison when he addressed the United States Congress in January 1990. "He reminded the Congress of our collective responsibility to preserve the greatness of democratic values. "He said this: 'Our freedom, independence and our newborn democracy have been purchased at great cost, and we shall not surrender them.' "On this occasion, we would be wise to recall Havel’s words, and his determination too.  "When he said ‘we shall not surrender’ freedom, he surely knew there were powers that would try to wrest it back, and take us backward.  "He knew there were forces that would seek to remake the world in their own authoritarian image. "And as we gather here to celebrate the ties of the last century, we are called to confront the challenges of the next. "The Czech people are no strangers to Russian influence, whether in the guise of oppression or subversion. "Russia has violated international norms with its aggression against our closest allies in Eastern Europe. "More furtively, it spreads disinformation, and engages in cyber attacks. "It meddles in democratic elections throughout Europe, as it did in the United States. "Russia does not share our interests or our values.  "If anything, it seeks to undermine those values. "We must see this for what it is: an attempt to sow discord among our peoples, divide allies, and destabilize democratic institutions. "We cannot and we will not tolerate it.  "This week, more than 20 countries, including the United States and the Czech Republic, took action to expel Russian diplomats in response to an attack on British soil.  "Solidarity on this frontier of freedom is more important than ever. It is everything, really.  "All of the nations that once suffered under Soviet rule have a common interest in building security and prosperity. "In this work, our two republics are not simply allies mutually dedicated to the cause of liberty.  "We are partners and leaders in the community of democracies.  "Our common values are the foundation on which we will build stronger, more resilient institutions. "First, there is our shared commitment to economic growth.  "A strong economy is essential to spreading liberty and ensuring stability. It is what gives people confidence they can get a good job, live a good life, and take care of their own.  "Faster growth does not solve all of our problems, but it certainly makes our problems easier to solve. "Here in the Czech Republic, you have an economy that is doing extremely well, featuring strong exports and low unemployment. "We are proud that the United States is one of the top foreign investors here.  "Leading American companies, such as AT&T, Honeywell, GE, IBM, and Microsoft, do innovative research and development in and with the Czech Republic.  "And I just learned this today: Prague is home to one of the oldest Harley-Davidson clubs in the world. A great Milwaukee company.  "There is so much potential for more trade between our two nations, which will bring more opportunity to Czechs and Americans alike.  "Second, there is our security cooperation, an area where we have a range of tools at our disposal. "Here again, the Czech Republic is an example to its neighbors, leading in the NATO alliance, aggressively fighting disinformation, and upholding sanctions against Russia.  "On NATO, as President Trump has said, we have demonstrated with our words and actions that we stand firmly behind Article 5, our mutual defense commitment.  "That commitment is rock-solid. "Of course, we have all pledged to spend at least 2 percent of GDP on our defense. We are glad that the Czech Republic has a concrete plan to reach its goal in the years ahead.  "And we look forward to seeing you take on a larger share of the defense responsibility.  "This is not simply about meeting a benchmark. It is about expanding our capabilities to address evolving threats.  "That is why last week, our Congress passed, and President Trump signed, legislation increasing support for the European Deterrence Initiative.  "It includes beginning the build-up of a division’s worth of equipment being prepositioned over five locations on this continent. "We want you to see that America is committed to an enduring presence in Europe.  "For us and our allies, the bravery and the expertise of the Czechs are indispensable.  "We know, and appreciate, how much you have fought side by side with us in Iraq, and in Afghanistan.  "We are also fortunate to have you watching over our embassy in Damascus, providing critical support for American citizens.  "You are an active and valued member of the Global Coalition for the Defeat of ISIS.  "And yes, we must defeat ISIS.  "We need to collectively do more to stop this insidious threat. We need all allies to assist robustly in sharing information, and addressing the sources of extremism. "You have not only helped to roll back ISIS on the battlefield. You have also taken part in efforts to rebuild liberated territory so that Iraqis can return home.  "No one knows better than you do just how much that means, for people to be able to return and rebuild their lives. "Your contributions to these missions have greatly enhanced your stature in Europe and the world. "And I am very encouraged by the discussions we have had here about how to expand our defense cooperation even further. "Third, there are the things we do every day to support democracy and human rights.  "Yesterday, I had the opportunity to visit Radio Free Europe, and to see firsthand the remarkable work they are doing. It was just incredible.  "How fortunate we are to have them broadcasting from here. Thank you for what you do to support them.  "Let it serve as a reminder that a free and transparent media is a vital component of a healthy democracy. "We also partner to support the heroic efforts of organizations such as the National Endowment for Democracy and the International Republican Institute.  "We, as elected legislators, should never forget just how powerful it is to speak out for those who cannot speak for themselves.  "After all, that is why we are here today, because people who were free and sought to be free banded together in common cause.  "Colleagues, I know democracy is not easy.  "It can be just as hard to keep it as it is to win it. "It has its flaws, and that is never going to change.  "It has its skeptics, and that is certainly never going to change.  "This truly is an ‘endeavor for progress,’ and so long as we are imperfect beings, we will have an imperfect form of government.  "But there is always that fearless aspiration to do better, pushing us forward.  "Our task, in the time we have to serve, is to build up the antibodies of our institutions—to leave them resilient enough to endure come what may.  "This is our great moral and political responsibility. "In this swirl of events, I refer you back to those moving words of Masaryk’s declaration of a century ago: "'The forces of darkness have served the victory of light; the longed-for age of humanity is dawning. We believe in democracy, we believe in liberty and liberty evermore.' "This is a time to raise our gaze, to renew our faith in what we believe, and what we can achieve together, to reach the grace and capacity of humanity.  "America was with you for the first 100 years.  "We will be with you for the next 100 years.  "We will be with you always, and evermore.  "God bless you. Thank you very much." p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Helvetica; -webkit-text-stroke: #000000} p.p2 {margin: 0.0px 0.0px 0.0px 0.0px; font: 14.0px Helvetica; -webkit-text-stroke: #000000; min-height: 17.0px} span.s1 {font-kerning: none} span.s2 {text-decoration: underline ; font-kerning: none}

27 марта, 08:00

«Все эти фалафели и бургеры порядком поднадоели»: что нового в общепите Казани?

«Наш общепит сильно отстает от столиц, — рассуждает владелец крошечной «Фошной» с вьетнамской кухней. — Открываются громадные заведения с красивой оберткой, а внутри, увы, дорого и невкусно. Еда должна быть доступной как для студентов, так и для дяденек с усами». Чем удивляет Казань, где с конца зимы появились десятки новых точек, — в обзоре «БИЗНЕС Online»: новый паб в гараже, ресторан с 500-рублевой платой за вход (и едой по себестоимости), а также неизбежные утраты.

20 марта, 13:37

These Are the Foods That Might Die With Baby Boomers

Millennials have no interest in buying these food items -- meaning they could go extinct any day now.

19 марта, 14:26

30,000 Bath Toys and Other Crazy Items to Wash Ashore

See what washes up on the beach after years of being at sea. Toys, animals, and bombs are just some of the items that have shown up.

18 марта, 15:00

Getting the Market Right: What Will the Trump Tariffs Do to the Markets?

On today’s episode, Alexander Green examines the controversial Trump tariffs on steel and aluminum - and their probable effects on the markets.

12 марта, 16:52

Harley-Davidson (HOG) Builds Product Portfolio, Dealerships

Harley-Davidson (HOG) is making long-term investments to expand its product portfolio.

12 марта, 13:29

Трамп поставил под большую угрозу мировую торговлю - The Economist

Без торговых правил и процедур мир может скатиться к решению экономических споров грубой силой.

10 марта, 15:00

Harley-Davidson: Trump's tariffs pose grave threat to famous American name

The Wisconsin manufacturer is struggling with falling sales – and Trump’s tariffs on steel imports could add $30m to its costsHarley-Davidson is not having a great year. In January, the legendary bike company, struggling to reverse a four-year slide in sales, had to close its Kansas City factory. Now Donald Trump – who seems as if he’d like to be a Harley man – has added to its woes.This week’s announcement of steel tariffs on US imports could add $30m to the company’s costs, according to Wedbush Securities, an investment firm. Worse still, European leaders are threatening retaliation, and several symbols of Americana – including Kentucky whiskey, Levi’s and Harley-Davidson motorcycles – are on their list. Continue reading...

08 марта, 12:28

Виски Jack Daniel’s стал жертвой торговой политики Трампа

Компания Brown-Forman Corp., производящая виски Jack Daniel’s, резко раскритиковала идею введения президентом США Дональдом Трампом пошлин на импорт стали и алюминия. Корпорация опасается ответных мер со стороны Евросоюза. Об этом сообщает Лента.ру со ссылкой на […]

07 марта, 20:59

Peter Schiff Warns Trump On Tariffs: "This Is Not A War We Can Win"

Authored by Peter Schiff via Euro Pacific Capital, With his announcement last week of broad tariffs on imported steel and aluminum, President Trump launched what could be the first salvo of an all-out global trade war. Seemingly itching for a fight, he gleefully tweeted that “Trade wars are good, and easy to win.” It seems like Trump thinks the conflict will play out much like Ronald Reagan’s 1983 week-long invasion of Grenada rather than the more telling quagmires that unfolded in Vietnam, Afghanistan and Iraq. He’s wrong. Apart from overestimating America's bargaining position, Trump and his supporters grossly misunderstand the nature of international trade and how Americans have benefited from a system that has allowed us to continually consume foreign goods on credit. While this “benefit” has also placed a cost on domestic industries, I don’t believe that Trump has any idea how a trade war can reduce current American living standards. As justification for his surprise offensive, Trump likes to highlight how America’s gargantuan annual trade deficit (which has grown to more than $600 billion during his presidency) is simply the yardstick by which “stupid” American trade policies are subsidizing foreign economies. In his mind tariffs are just a means to take back what we have foolishly given away. As Trump explained via Twitter “ When we are down $100 billion with a certain country and they get cute, don’t trade anymore - we win big.” But does a country with a trade deficit really subsidize the country with the surplus? Or is it the other way around? Let’s suppose you keep chickens at home, and your neighbor has a cow. Everyday you trade a half dozen eggs for a quart of milk. This is the nature of trade. You offer something that you have in abundance (that other people don’t) for something that someone else has in abundance (that you don’t). But let’s suppose you eat a few of your chickens and your egg production drops to four per day. You continue to get your quart of milk, but everyday your neighbor adds two eggs to the account that you owe. Theoretically, you will one day owe your neighbor a whole bunch of eggs.  But, in the meantime, does that two-egg deficit represent a benefit to you or your neighbor? Remember your neighbor still has to deliver the same amount of milk for less of a current payoff. He MAY get that deferred compensation down the road, but he’s not getting it now. And with every egg you go into the hole, the greater the chances that your neighbor may ultimately get stiffed. Who is likely to be worse off if this trade were to suddenly stop? Remember, you are not the only potential trading partner available to your neighbor. Maybe the house across the street will give him six eggs for his milk? The eggs/milk deficit that you have with your neighbor allows you to consume more than your production capacity would typically allow. While this is a definite benefit to you now, it does dissuade you from making the sacrifices necessary to increase your egg production. Your own industry atrophies while your neighbor’s doesn’t. But so what? You still get all the milk you need. The point of an economy is to maximize consumption. Since goods cannot be consumed that have not been produced, it goes without saying that production is a necessary precondition to consuming. But, if given the choice, most people would be happy to outsource the production to someone else and concentrate solely on the consumption. But in the real world such an arrangement is untenable over the long term. Of course your milk/eggs trade arrangement will be a problem if your neighbor cuts off your credit and demands full payment. Then you are stuck with a big debt, reduced egg production, and no milk. But, for America, that day has yet to come. For now, our trading partners are happy to take our debt rather than our goods. But if Trump starts making more unreasonable demands, they may not be so willing. It’s helpful to remember that a tariff is essentially a tax that will be paid by domestic consumers. It’s not like American producers will keep prices where they are and simply manufacture more steel to make up for the lost imports. Instead, prices will likely rise to almost the same level as the taxed imported products. Profits at American steel companies will increase, but production probably won’t. The manufacturers will know that the artificial political barrier protecting them could be removed at any time. Will they take the risk in investing in plant and equipment capacity when they know that removal of the tariffs would instantly eliminate their advantages and expose them to losses? Given the thin support that such tariffs will have beyond the narrow steel industry, it’s safe to assume that current manufacturers will stand pat and use the extra profits to issue dividends and buy back shares. To a lesser extent, they may increase wages for the nation’s 140,000 steel workers. But this industry-specific benefit will come at a great cost to the overall economy. Raising the cost of steel would also raise the cost of every American product manufactured with steel. Right now the discussion is focused on beer cans, with people arguing about how many cents per soup can the tariffs will add. But this is just the tip of the iceberg. The real impact will be seen for metal-intensive items that are manufactured both here and abroad. While the Trump tariffs will directly raise the price of imported steel (and indirectly the price of domestic steel), it does nothing about the price of goods made FROM steel. So a domestic manufacturer of home appliances, such as Whirlpool, will have to pay more for steel used to make a refrigerator. But its foreign competitors will be able make refrigerators with untaxed steel and then ship the finished product to the U.S. without facing a tariff. This will give the foreign firm a competitive advantage over Whirlpool both at home and abroad. Whirlpool will shed profits and may shed workers. So whatever advantages are given to steel manufacturers will be paid for by companies and workers that use steel. The problem for Trump is that there are only 140,000 domestic workers in the steel-making industry, but more than six million workers in industries that make stuff FROM steel. (American Iron & Steel Institute) Trump’s gambit is also politically ham-fisted. He likes to say that his tariffs are aimed at bad actors like China. But that country is far down the list of steel exporters to America. The move really hits our close allies first, particularly Canada, a country that accounts for 16% of our steel imports, according to a December 2017 report from the Dept. of Commerce. But 50% of U.S. steel exports GO to Canada. Total cross-border trade between the U.S. and Canada in 2016 came in at more than $600 billion annually, according to the Office of the U.S. Trade Representative. That’s a very big applecart to push over for a comparatively small gain. Potentially even more dangerous is the way the tariffs will be implemented. By absurdly claiming that they are being done in the interest of “national security” rather than economic advantage, the Trump administration is inviting embarrassing losses at the World Trade Organization, which combined with a rapidly deteriorating diplomatic environment could further isolate the U.S economically. The big problem is where it all ends. Already major voices in the European Union (particularly from Germany) have threatened retaliatory tariffs on politically and symbolically sensitive American exports like bourbon, blue jeans, and Harley-Davidson motorcycles. Trump has threatened to tax European cars, if the EU follows through on those threats. Given the personalities involved, and the national pride at stake, it’s not hard to see that this tit-for-tat could escalate quickly and lead to a full-blown trade war on multiple fronts. But this is not a war we can win. A decline in imports will force us to rely on our own production to meet all of our consumption. But we no longer make large categories of products that we consume. Even if we were to be able to ramp up production quickly, American consumers would be looking at much higher prices. With plenty of indications that inflation is already starting to percolate, now is not a time to go out looking for more. But most concerning is the likelihood that a large decline in trade translates into a diminished international appetite for U.S. dollars. With government borrowing about to surpass $1 trillion annually (even while the Federal Reserve itself is set to begin selling more than $600 billion annually in Treasury bonds) we will need to find lots of buyers for U.S. dollars for years to come. If a trade war discourages those buyers, the dollar will fall and interest rates will rise even faster. But it could get much worse than that. If a recession forces the Federal Reserve into another round of quantitative easing, we will desperately need foreigners to show up at our bond auctions. If they don’t we will lose the ability to export our inflation, and all the excess liquidity will remain at home, where it will push up prices on the limited domestic supply of goods and services. This means even higher prices for American consumers, many of which will also be unemployed.  The combination of rising unemployment and inflation will be bad politics for Trump, as it will allow democrats to use the “misery index” to defeat him in 2020 much as Ronald Reagan used it to defeat one-term Democratic Jimmy Carter forty years earlier. Let’s hope that Trump’s bluster on trade is just a negotiating tactic. Maybe he’s crazy like a fox, and his threats will produce a favorable outcome for the U.S. But given his international unpopularity, and how quickly world leaders have mobilized for war, I wouldn’t count on it. More likely his blunders on trade will simply move our day of economic reckoning that much closer.

07 марта, 17:59

Trade War Talks Heat Up: ETFs & Stocks in Focus

Intensifying talks of a trade war between Trump and the EU have been unnerving investors lately, putting many stocks and ETFs in focus.

07 марта, 16:16

The Zacks Analyst Blog Highlights: Centene, Macy's, LyondellBasell, Huntington Ingalls and Lam Research

The Zacks Analyst Blog Highlights: Centene, Macy's, LyondellBasell, Huntington Ingalls and Lam Research

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07 марта, 15:19

Harley-Davidson Is a Victim of Its Own Success

Today's motorcycle buyer doesn't fit the image of the traditional Harley customer.

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06 марта, 22:39

Why Europe may retaliate against Kentucky bourbon, Levi's blue jeans and Harley-Davidson motorcycles

European leaders respond to President Trump's proposed tariffs on steel and aluminum imports.

06 марта, 20:38

ЕС надавит на ключевые для республиканцев штаты из-за новых пошлин Трампа - Bloomberg

Брюссель собирается ударить своими тарифами по ряду американских товаров, если Вашингтон все же станет на путь торговой войны.

06 марта, 19:30

Why Investors Should Fear Trump’s “Really Dumb Idea”

Nancy Pelosi was widely ridiculed for saying, “We have to pass the bill to find out what’s in it.” What works in a sound bite doesn’t always translate to real life... nor should it.

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06 марта, 18:30

Harley-Davidson приступает к производству электромотоциклов

Всемирно известная американская компания по производству мотоциклов Harley-Davidson за последние годы не радует своих инвесторов финансовыми показателями. В связи с этим, а также с растущей популярностью электротранспорта, руководство мотогиганта решило заняться производством электромотоциклов. Для этого, как сообщает TechCrunch, была заключена сделка с производителем электробайков Alta Motors. Стоит заметить, что еще в 2014 году Harley-Davidson уже […]

06 марта, 17:13

Stock Market News For Mar 6, 2018

The Dow roared back to life on Monday ending its four-session long losing streak. Both the S&P 500 and the Nasdaq also ended in positive territory.

06 марта, 16:41

Болевые точки: Евросоюз введет пошлины в 25% на товары из ключевых для Трампа штатов США

Ответные меры Брюсселя могут затронуть мотоциклы Harley-Davidson, бурбон, джинсы и прогулочные яхты

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22 июня 2014, 12:55

Байк без бензина

 Харлей Дэвидсон сделал первый электромотоцикл. В одном загадочном ролике компании почти ничего не видно, зато слышно что вместо привычного звука "potato-potato-potato" звук как у мотопилы маленького реактивного самолёта.  В другом ролике можно разглядеть модель LiveWire.  Характеристики: 75 л.с., максимальная скорость 148 км/ч, разгон от 0 до 100 за 4 секунды. Батареи хватает в среднем на 85 км, полная зарядка за 3,5 часа.