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22 января, 00:00

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21 января, 23:29

FX Weekly Preview: US Government Shutdown Dampens USD Recovery, But We Have Been Here Before

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Submitted by Shant Movsesian and Rajan Dhall MSTA fxdailyterminal.com Late Friday we got the news that the Senate failed to get the votes to put a funding gap in place, leading to the government shut down which started at modnight on Jan. 20.  We expect when Asia markets open up on Sunday night, we will get a knee-jerk hit on the USD, but whether this will have a material impact on the rest of the week will be defined by sentiment on the Treasury market, which has prompted the latest leg lower in the greenback. Fears of demand out of China and Japan have been instrumental in the pick up in yields, which have been followed up in the rest of the major bond markets, with 10yr Bunds pulled up to 57.5bps while Gilts now stand at 134bps.  The US 10yr Note reached 2.66%, but a large chunk of this is down to anticipated selling interest ahead. We feel this may be a little overdone, based on the premise that both China and Japan will not feel comfortable with any significant appreciation in the CNH or JPY.  Any communication from the respective central banks on reserve ratios will have to be measured at the very least, with China already citing misinformation in the reports that they may trim or halt purchases from hereon out.  The BoJ will also continue to communicate their intent on maintaining their current program, with the markets now pre-empting normalisation which was something we were watching from the end of last year.  The ECB know all about taper tantrums, and it looks as though the BoJ could be the next target, but this will impact across the spectrum of currencies, where the likes of EUR/JPY and GBP/JPY could be a little vulnerable.   This does not preclude lower levels in USD/JPY, where 110.00 is proving to be near term support point, but currency markets are hungry for any notable themes, irrespective of whether they may be premature or not.   We have seen this play through in EUR/USD, with the prospect of signalling an end to the QE program setting off strong gains here which has taken out 1.2300, but with little follow through.  Repeated attempts to reinstate upside momentum have failed, but pre 1.2150 and sub 1.2100 look likely to attract dip buyer unless we get some solid recognition that the USD is oversold in the near term at least.     Over the weekend, the SPD in Germany voted on whether to enter into talks with Merkel's CDU, but the fact that the German government is in limbo, does not seem to be hurting the single currency to any degree, with the cross rates relatively well supported.  We have already noted EUR/USD and EUR/JPY at better levels, but we are also watching EUR/GBP fight against the recent recovery of the Pound, with bids coming in here ahead of 0.8800.  We can assume is well cushioned with the SNB making no secret of their view on exchange rate levels and their intentions on containing excessive gains but we have now gone past that, with the psychological 1.2000 looming over the horizon.   In recent weeks we have seen a discernible disregard for data, which tends to materialise when trends look to be in place - the current one clearly skewed against the USD despite a pick up in core inflation seen a little over a week ago.  This Friday we get the second reading of US Q4 GDP, which is expected to come in around 3.0% vs the initial reading of 3.2%.  Little over notable interest up until this point, with Dec durable goods also out at the end of the week. Thursday's ECB meeting is the highlight in Europe, but having sounded out concerns over exchange rate levels, we expect little change to their rhetoric which will keep QE open ended despite widespread belief that this will come to an end when the current program runs its course at the end of Sep.  The central bank will be banking on the Fed to maintain their purported rate hiking cycle in hope that this will take the heat out of the EUR as speculators hang on the governing council's wording.  Data-wise, the PMIs should remain strong in the larger member states, with Germany's ZEW and IFO at either end of the week again highlighting the out-performance in the economy despite political issues potentially weighing on sentiment further down the line - coalition hopes eroded with time.   The BoJ also meet next week, but as already covered above, no changes to their current monetary policy stance is expected.  Any hint of discussion on normalisation would set off markets, one would expect members to be wary of this.  On the same day we get trade data out of Japan, but the inflation stats on Thursday will be more of interest - to the central bank at least. Last Friday saw the first piece of outright negative data in the UK as Dec retail sales dropped off sharply - consumers having taken full advantage of the Black Friday theme which has gathered momentum in recent years.  Mixed surveys from the various retail consortiums did not prepare the marker for such a weak figure, but spending levels on credit cards - as reported by Visa - were a worrying sign, which has not been reflected in the latest data.  Higher inflation leading to a drop in real wages will naturally impact at some stage, but the UK has bigger concerns as the latest rhetoric out of Europe - French president Macron over the weekend - reminding everyone that single market access for UK banks will come at a cost.   As such, we should start to see Brexit optimism starting to fade, especially with Cable coming up ahead of a psychological in 1.4000, but in truth, we are surprised the pair has risen this far, but naturally, USD weakness has been a key factor.  EUR/GBP is still relatively well contained, and despite GBP trying to come out on top in recent weeks, there has been little give south of 0.8800.   UK data points of note are the public borrowing requirements on Tuesday but greater onus on the jobs report Wednesday and Q1 GDP on Friday.  BoE's Carney is also due to speak at the end of the week, but we expect him to be a little less insistent on UK rates as his colleague Saunders was last week.     Trade talks between the US, Canada and Mexico are also strained with the prospects of a NAFTA collapse heightened given the lack of perceived compromise on the part of the US.  President Trump has been blowing hot and cold on his approach to the talks, and within the Canadian camp, hopes for an amenable renegotiation are not exactly high, which is starting to lean on the CAD.  As BoC governor Poloz stated last week, an outright collapse would be net negative for the US and Canada in equal measure; this based on the commensurate benefits to both nations over the last 24 years. Amid USD weakness last week, USD/CAD was pretty resistant to the downside despite another 25bps added on to Canada's overnight rate, with the market taking heed of the future path on policy as the accompanying statement was a little more cautious this time around.  NAFTA was the key factor in (BoC) warranting restraint from here.  1.2360 looks to be the near term line in the sand on the downside, with 1.2500 looking vulnerable up top despite sellers coming in hard above here last week.  CPI data due out at the end of the week.     AUD and NZD have been enjoying the rise off the back of the negative sentiment on the USD, but the former is now struggling for traction above 0.8000 while NZD resistance into 0.7340-50 is proving tough also.  Both spot rates are in over-bought territory on the daily metrics, but we saw little positive reaction to the better than expected Australian employment stats in the middle of last week, so we expect weakness here as with the NZD should the greenback retrace a little.  Looking at the limited traction ahead of 1.1000 in AUD/NZD, price action here reflects a concurrent rate path at the RBA and RBNZ, so unless there is something to suggest otherwise, the range here will be limited as a result.  New Zealand CPI next week is expected to stay just below the 2.0% mark.   The Riksbank in Sweden has been a little more committal on shifting its stance from neutral to hawkish, but rates here remain in negative territory, so they certainly have room for manoeuvre.  However it is the Norges bank who meet next week, but no change expected here, and this could be enough to return the NOK/SEK rate back towards parity again but a host of Swedish data including manufacturing confidence, unemployment and trade could add some flavour to USD/SEK in particular, which is looking to base out ahead of 8.0000.    

21 января, 22:26

Guatemala businessman, wanted on graft charges, seeks U.S. asylum

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GUATEMALA CITY (Reuters) - Former Guatemalan presidential candidate Manuel Baldizon, who is wanted on graft charges, has sought asylum in the United States after he was arrested while trying to enter the country, authorities from both nations said.

21 января, 19:01

White House legislative director: Shutdown talks are 'making progress'

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The White House legislative affairs director said Sunday negotiations to reopen the government are “making progress.” Appearing on ABC’s “This Week,” Marc Short said the White House is open to expanding those covered by the Deferred Action for Childhood Arrivals program, which allows immigrants brought here illegally as children a chance to stay. “We do think we’re making progress,” Short said. “I think you’ve seen the White House show an openness to expand that population where Democrats have said there are other people who should be part of the DACA population because either they were afraid or didn’t apply to the program. We’ve shown you the willingness to consider that.” Senate Minority Leader Chuck Schumer (D-N.Y.) met with President Donald Trump on Friday and, in negotiations to keep the government open, offered to fund the proposed wall along the southern border but wouldn't agree to end chain migration or the visa lottery program. But Short said the White House is not supportive of delaying dealing with chain migration and the visa lottery program. “The problem with that construct is we’re going to be back here in the exact same position in a few years,” Short said. “These are programs that Americans want ended. Why are we delaying ending those programs for a future debate? "We need to make sure that we don’t end up back at the same table in a couple years having the same debate on immigration," he went on. "We want all these issues solved right now.”

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21 января, 18:53

Guatemala businessman to face graft charges after U.S. deportation

(Reuters) - Former Guatemalan presidential candidate Manuel Baldizon was detained while trying to enter the United States without a visa and is awaiting deportation, the Central American nation's prosecutor's office said on Sunday, adding he would face graft charges upon his return.

21 января, 07:55

Боевое применение целостного движения (Познавательное ТВ, Евгений Беляков)

Евгений Беляков: Боевое применение целостного движения. Система самообороны, защиты и нападения. Фрагменты из семинаров и тренировок. Ближайшее занятия Евгения Белякова по боевому целостному движению 3-4 февраля в Нижнем Новгороде: https://vk.com/zhiva_v_nn Чему не учат в школе и университете, о чём молчит официальная наука и не рассказывают по телевизору - смотрите на нашем канале Познавательное ТВ http://www.youtube.com/poznavatelnoeTV?sub_confirmation=1 Мы не зарабатываем деньги, а распространяем знания. Если вам нравится Познавательное ТВ, можете нам помочь: VISA: 4276 3800 1161 4356 Яндекс-деньги: 410011955138747 QIWI: +7 925 460 1909 WebMoney рубль: R142363945834 WebMoney доллар: Z182191503707 WebMoney евро: E344386089713 PayPal: [email protected] Познавательное ТВ в соцсетях: Вконтакте: http://vk.com/poznavatelnoetv Одноклассники: http://ok.ru/group/55120471130139 Facebook: http://www.facebook.com/poznavatelnoe.tv Twitter: https://twitter.com/PoznavatelnoeTV Telegram: https://telegram.me/poznavatelnoetv

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21 января, 07:05

Australian tax office to audit 20 million foreign visa holders

The Australian Taxation Office will investigate more than 20 million international visa holders and foreign students using data-matching audits to catch tax avoidance and enforce superannuation compliance, the…

21 января, 02:15

Trump Wants to Stop Certain Immigrants From Working — But Will That Really Save American Jobs?

President Trump is doing away with a rule that it feels hurts American workers. But will the change really save American jobs?

21 января, 02:10

Wharton Dean: Dimon Mindset Is Wrong, Cryptos Mean "The End Of Money As We've Known It"

Wharton Dean Geoffrey Garrett sees a big split in how blockchain-based digital cryptocurrencies like bitcoin are viewed on Wall Street versus in Silicon Valley. On the East Coast, the idea of a cryptocurrency replacing a fiat currency is still met with skepticism. But in the Valley, they seem “all in.” In this opinion piece he offers his views on this corner of fintech. I spent the first week of the New Year with a great group of Wharton undergraduates visiting many of our tremendous alumni in the San Francisco Bay Area. To say it felt very different from the East Coast is an understatement. And I am not talking about missing the “bomb cyclone,” which we did. I am talking about blockchain/bitcoin/cryptocurrencies, which are much more than a speculative Chinese-cum-millennial obsession. Whereas most people on Wall Street remain skeptical, playing a wait-and-see game, Silicon Valley is all in. Literally every meeting I participated in, from the biggest tech companies to the smallest startups, was rich with enthusiastic and creative crypto conversations. I used to think “fintech” meant the end of physical cash - replaced by mobile payments platforms owned by big multinational firms and currently led by China, in established currencies regulated by national governments and international agreements. I now wonder whether the ultimate fusion of technology and finance will mean “the end of money,” at least as we have known it for the last millennium. It’s no longer sci-fi to imagine the replacement of dollars and other “fiat money” with open sourced, radically decentralized, deeply encrypted and self-regulating transactions in digital units of exchange that are “mined” rather issued by central banks. A true fintech revolution. I have to admit I went west very much in the Jamie Dimon mindset. The JPMorgan CEO and voice of Wall Street since the financial crisis famously dismissed bitcoin’s virtual rise in 2017: “I could care less about bitcoin.” Strip out his typically gruff rhetorical flourishes, and Dimon was making 2 fundamental points. Dimon’s first point was that “blockchain” — a globally distributed ledger of financial transactions made secure by advanced cryptography and competition among “miners” (computers competing to execute and record transactions, and being compensated for doing so) — has massive upside. But to become central to mainstream commerce, blockchain will have to lose its unregulated open source roots, be managed by a big multinational conglomerate (think some combination of Visa/Mastercard transactions and SWIFT international transfers), and fall under the clear jurisdictions of national governments and international agreements. His second point was that the transactions that blockchain records will ultimately be in “cryptodollars”, or cryptoeuros, cryptoyuan, etc. — not bitcoin, ethereum, or any other “non-fiat,” purely “digital” currency that is not issued by central banks. This is because there is literally no underlying value to a bitcoin (“worse than tulips,” to use the oft-cited example of the Dutch “tulip bubble” in the 17th century). In contrast, there is underlying value to a dollar — guaranteed by the US Federal Reserve tied to the strength of the American economy. The more I talked with people in the Valley, the less convinced I became of these two points. This is very disconcerting to people like me, steeped in more than 200 years of macroeconomic thought. All the giants (Adam Smith, David Ricardo, John Maynard Keynes, Milton Friedman, Paul Samuelson, and others) not only assumed the centrality of currencies as we have known them. They also valorized money as literally the foundation of a well-functioning economy — both a unit of exchange and a store of value. In Silicon Valley, there is a healthy disregard for all things Washington, government, and regulation - and of course for the status quo. It’s no surprise there seem to be many more bitcoin believers on the West Coast. Source They ask powerful rhetorical questions. Don’t governments and central banks always face the temptation of printing more money? Are you really so happy with the fees credit cards and banks charge? Wouldn’t it reduce our worries about hacking and cyber security if financial transactions were better encrypted and recorded on millions of computers rather than a handful? Isn’t the genius of bitcoin that there is a finite limit to how many can be produced (by the “halving” algorithm at the center of bitcoin mining)? I tend to get lost as soon as the blockchain/bitcoin evangelists get into the real data science behind these technologies, but I do think there is real merit to their rhetorical questions. And I increasingly sense I am not alone. Consider these simple facts. We now can trade bitcoin futures on a crusty old financial exchange. There is lots of VC money pouring into crypto. Asset managers are starting to think about cryptocurrency indexes as a great diversification strategy, because bitcoin risk is likely uncorrelated with any “regular” economic risk. All are powerful indicators that the leading edge of “conventional” finance is taking very seriously the prospects for very radical financial innovation.   Finance meets technology, harnessing the combined power of Wall Street and Silicon Valley. Not only the end of cash, but also the end of money. That is the prospect and potential of fintech. What will happen and when it will happen is impossible to predict — as is invariably the case with the most radical innovations. But there is little doubt that an enormous amount of capital, energy and creativity will pour into cryptocurrencies in the coming months and years — even if bitcoin proves the biggest bubble since tulips. *  *  * Geoffrey Garrett is Dean, Reliance Professor of Management and Private Enterprise, and Professor of Management at the Wharton School of the University of Pennsylvania. Follow Geoff on Twitter. 

20 января, 12:45

Откуда берут деньги на храмы и церкви? (Познавательное ТВ, Артём Войтенков)

Артём Войтенков: Откуда берут деньги на храмы и церкви? Часть из рассказа "Церковный генератор. Часть 1": https://youtu.be/qgQxGFme9Ik Чему не учат в школе и университете, о чём молчит официальная наука и не рассказывают по телевизору - смотрите на нашем канале Познавательное ТВ http://www.youtube.com/user/poznavatelnoeTV?sub_confirmation=1 Мы не зарабатываем деньги, а распространяем знания. Если вам нравится Познавательное ТВ, можете нам помочь: VISA: 4276 3800 1161 4356 Яндекс-деньги: 410011955138747 QIWI: +7 925 460 1909 WebMoney рубль: R142363945834 WebMoney доллар: Z182191503707 WebMoney евро: E344386089713 PayPal: [email protected] Познавательное ТВ в соцсетях: Вконтакте: http://vk.com/poznavatelnoetv Одноклассники: http://ok.ru/group/55120471130139 Facebook: http://www.facebook.com/poznavatelnoe.tv Twitter: https://twitter.com/PoznavatelnoeTV Telegram: https://telegram.me/poznavatelnoetv

20 января, 02:19

A guide to Trump’s Fox News-inspired tweets on shutdown

Officials on Capitol Hill scrambled this week to monitor President Donald Trump’s shifting social media statements about the congressional push to extend government funding beyond Friday.But while many eyes were on Trump’s Twitter feed, the president’s focus was seemingly fixed on his favorite news source: the Fox News Channel.The commander in chief set off mass confusion in the halls of Congress and in the West Wing as he appeared to take to the platform to respond to what he saw broadcast on the leading conservative outlet, particularly the morning show “Fox & Friends.”Here’s a guide to how Fox News’ coverage of the government shutdown vote was mirrored in Trump’s Twitter feed in the days leading up to Friday’s pivotal midnight deadline.Wednesday, 6:11 p.m., Kelly tells Fox that Trump has “evolved” on building a wall along southern U.S. borderChief of Staff John Kelly, during an exclusive interview with Fox News’ Bret Baier on Wednesday, reportedly angered the president by suggesting that Trump’s views on immigration, including his signature wall along the southern-U.S. border, had “evolved.”Pressed on whether Trump believed that a wall was needed across the entire border, Kelly told Baier the president had “changed the way he’s looked at a number of things” and was considering many practical solutions to improving border security.“There are other parts of the Southwest border that are so wild and untamed that there is no traffic that goes through them,” Kelly said. “There’s other places, we think about 800 miles additional wall, to include the 600 that are already in place; the fencing would suffice. So he has evolved in the way he’s looked at things.” Thursday, 6:10 a.m., Fox host says Kelly was “compromising” on the wallThe hosts of “Fox & Friends discussed Kelly’s interview with Baier at length on Thursday morning, replaying clips of the exchange and speculating about what it meant for the debate on immigration and government funding.“It sounded to me like General Kelly was compromising a little bit on the wall last night in the interview with Bret Baier, getting wobbly on the wall, saying ‘I don’t need brick and mortar all the way through, we can do different barriers,’” host Brian Kilmeade said.Thursday, 6:15 a.m., Trump says he’s “never changed or evolved” on wall proposalTrump appeared to directly challenge Kelly’s remarks the following morning, tweeting that his views on the matter remained unchanged shortly after Kilmeade’s remarks aired.The Wall is the Wall, it has never changed or evolved from the first day I conceived of it. Parts will be, of necessity, see through and it was never intended to be built in areas where there is natural protection such as mountains, wastelands or tough rivers or water.....— Donald J. Trump (@realDonaldTrump) January 18, 2018....The Wall will be paid for, directly or indirectly, or through longer term reimbursement, by Mexico, which has a ridiculous $71 billion dollar trade surplus with the U.S. The $20 billion dollar Wall is “peanuts” compared to what Mexico makes from the U.S. NAFTA is a bad joke!— Donald J. Trump (@realDonaldTrump) January 18, 2018Thursday, 7:10 a.m., Fox’s Brian Kilmeade says shutdown would be “terrible for the military”Kilmeade, whom Trump has praised repeatedly on Twitter since entering office, discussed later in the program how a government shutdown might affect the military.“It would be great for the government not to shut down in my mind,” Kilmeade said. “But I also think it’s terrible for the military, who just can’t plan, they can’t format unless they would go ahead and agree on a budget. And for some reason, this is the third or fourth time we are doing this.”Thursday, 7:18 a.m., “Fox & Friends” discusses long-term impact of CHIP negotiationsShortly after the discussion, the White House director of strategic communications, Mercedes Schlapp, a former Fox News contributor, appeared on the network to discuss the congressional debate over funding for the popular Children’s Health Insurance Program, or CHIP.During the exchange, Schlapp and “Fox & Friends” co-host Steve Doocy discussed how the continuing resolution being debated in Congress would affect the program.“Republicans and the president, they have come in with a fair deal of saying, look, you wanted a long-term reauthorization on the CHIP program, let’s work together to ensure that we can pass this short-term spending bill,” Schlapp said. “And I think that’s where we’re hopeful that we are going to get to.”“Well, you know, it is a sweetener of the deal to have the CHIP in this particular thing from the Republicans,” Doocy replied.Thursday, 8:37 a.m., Trump tweets that “CHIP should be part of a long term solution, not a 30 Day, or short term, extension!”The president, who is known to watch the morning program often on delay, urged lawmakers to take up a long-term solution on CHIP, contradicting the wishes of GOP congressional leadership.CHIP should be part of a long term solution, not a 30 Day, or short term, extension!— Donald J. Trump (@realDonaldTrump) January 18, 2018Thursday, 8:49 a.m., Trump says shutdown would be “ devastating to our military”Trump appeared to echo Kilmeade’s earlier remarks in urging lawmakers to avert a shutdown. A government shutdown will be devastating to our military...something the Dems care very little about!— Donald J. Trump (@realDonaldTrump) January 18, 2018Thursday, 6:02, Fox News reports on shutdown’s impact on militaryOn “Special Report” Baier took up the issue of how a shutdown would affect U.S. military personnel, discussing the issue at length with congressional correspondent Mike Emmanuel.The segment also featured clips by several Republican lawmakers stressing the importance of extending the government to not hamper U.S. defenses, including by House Speaker Paul Ryan.“The CR is not good for the military, but what’s worse for the military is a government shutdown,” Ryan said. “What’s even worse for the military is a government shutdown followed by a sequester, which is what would happen if we don’t pass a CR.” Thursday, 6:39 p.m., Trump urges House to pass funding bill because “our Military needs it!”Within an hour of the segment’s airing, Trump took to Twitter to impress upon House Republicans the importance of converting on a funding agreement.House of Representatives needs to pass Government Funding Bill tonight. So important for our country - our Military needs it!— Donald J. Trump (@realDonaldTrump) January 18, 2018Friday, 6:08 a.m., Fox hosts criticize Senate Democrats on immigration, fundingEarly Friday, Doocy and Kilmeade questioned whether Senate Democrats were truly committed to averting a government shutdown, citing their opposition to granting funding for Trump’s wall in exchange for a deal on DACA.In the show’s first hour, the hosts played clips of conservative radio host Rush Limbaugh criticizing Democratic leadership for defending young undocumented immigrants — whom he dubbed “foreigners” — over U.S. citizens.“So you want to put the military on the shelf for a while?” Limbaugh said. “All you care about is 800,000 foreigners? You don’t care about the United States military? You don't care about American kids? All you care about is 800,000 foreigners, the Dreamers, the DACA kids?”The hosts added that Trump had made his priorities on immigration “very clear” and that it was up to the Democrats to find a common ground.“We know exactly what [Trump] wants,” Doocy said. “He wants to get rid of the visa lottery system and also chain migration, and the Democrats want DACA. And that’s it. It’s a simple way to come together, but right now they can’t.” Friday, 7:04 a.m., Trump accuses Senate Democrats of wanting “illegal immigrants” and a shutdown“Government Funding Bill past [sic] last night in the House of Representatives,” Trump tweeted. “Now Democrats are needed if it is to pass in the Senate - but they want illegal immigration and weak borders. Shutdown coming? We need more Republican victories in 2018!” Government Funding Bill past last night in the House of Representatives. Now Democrats are needed if it is to pass in the Senate - but they want illegal immigration and weak borders. Shutdown coming? We need more Republican victories in 2018!— Donald J. Trump (@realDonaldTrump) January 19, 2018

20 января, 00:28

Improving Economy to Support Business Services Stocks

Improving Economy to Support Business Services Stocks

19 января, 22:39

Feds intend to retry Menendez and Melgen 'at the earliest possible date'

Two months after a jury failed to reach a verdict in the federal corruption case against Democratic Sen. Bob Menendez and co-defendant Salomon Melgen, the Justice Department on Friday said it wants to retry them — and soon.“The United States files this notice of intent to retry the defendants and requests that the Court set the case for retrial at the earliest possible date,” reads the one-paragraph notice signed by AnnaLou Tirol, acting chief of the department's public integrity section. “Defendants Robert Menendez and Salomon Melgen have been indicted for bribery and corruption by two separate grand juries properly impaneled in the District of New Jersey. The first trial ended in a mistrial with a deadlocked jury. An early retrial date is in the best interests of the public, and the United States is available to schedule a retrial at the Court’s earliest convenience.”Menendez, New Jersey's senior senator, is up for reelection this year.“We regret that the DOJ, after spending millions and millions of taxpayer dollars, and failing to prove a single allegation in a court of law, has decided to double down on an unjust prosecution," read a statement from Menendez's office. "Evidently, they did not hear the overwhelming voices of the New Jerseyans who served on the jury this fall. Senator Menendez fully intends to be vindicated — again.”Kirk Ogrosky, an attorney for Melgen, said he was "very disappointed" the Justice Department would retry the case. “Anyone who watched the testimony, reviewed the exhibits, and spoke to the jurors and the alternates in the first trial knows that this prosecution was ridiculous and should never have been brought," he said.Menendez and Melgen’s first trial took place more than two years after they were indicted in 2015. Federal authorities allege Melgen, a wealthy Florida eye doctor, provided Menendez with private jet flights, lavish vacations and hundreds of thousands of dollars in political contributions. In exchange, Menendez allegedly went to bat for Melgen with federal officials to help his financial interests in a $9 million Medicare billing dispute and a port security contract in the Dominican Republic.The federal government also alleges Menendez secured tourist visas for three of the married Melgen’s young foreign girlfriends and one of their sisters in exchange for the gifts.“The conduct alleged in the indictment is serious and warrants retrial before a jury of citizens in the District of New Jersey,” DOJ spokesman Wyn Hornbuckle said in a statement. “The decision to retry this case was made based on the facts and the law, following a careful review. The charges contained in an indictment are merely accusations, and defendants are presumed innocent unless and until proven guilty.”Neither the DOJ filing nor Hornbuckle's statement indicated whether the department intends to retry Menendez on all 12 counts against him, 11 of which were bribery and one of which was filing false reports.The retrial, though likely, is not a certainty. Two weeks after U.S. District Court Judge William Walls declared the mistrial, Menendez’s lawyers filed a motion for acquittal. Walls has not yet ruled on that motion.The first trial began in September and included more than 100 witnesses and thousands of documents. But the jury deadlocked in November and a mistrial was declared. One juror told reporters the jury was 10-2 in favor of acquittal on most counts.Melgen also faces the prospect of decades in prison from a Medicare fraud conviction in a separate case.Menendez plans to run for reelection, and Democrats around the state had already coalesced around him. But the prospect of a retrial in the middle of his reelection year has the potential to upend that decision and his commitments, and will almost certainly lead to a new round of Democrats positioning themselves to succeed him.So far, Democrats aren't publicly calling for Menendez to resign of forego reelection.“I want to hear from the senator. I’m a supporter of the senator. I have always been an avid supporter of the senator,” Democratic State Chairman John Currie said. “And before I would make a comment, I’d first want to have a conversation with him, get his feelings and then talk to the rest of my colleagues.”Gov. Phil Murphy, who took office on Tuesday, said in a statement that he still supports Menendez. If the senator chooses to resign, Murphy would name an interim replacement.“I believe he deserves the benefit that is the basis of our entire justice system: we are all innocent until proven otherwise,” Murphy stated. “I won’t speculate past that.”Rep. Donald Norcross, brother of South Jersey Democratic power broker George Norcross, is often speculated about as a future senator.In a statement, George Norcross said he still supports Menendez.“Senator Menendez has been a friend to South Jersey and the City of Camden, on everything from creating jobs and rebuilding communities to protecting our military bases and expanding access to quality health care,” he said. “While today’s news is disappointing, I have been, am, and will continue to be supportive of him and the good work he’s done for our region.”In the lead-up to Menendez’s first trial, which began in September, some Democrats quietly felt out support for a Senate run in the event Menendez was convicted.Former Democratic Sen. Robert Torricelli was open about his intention to run for the seat if Menendez had to vacate it. Menendez resented that, and in front of the federal courthouse in Newark after his mistrial was declared, Menendez made a now-famous statement about Democrats seeking his seat: “To those who were digging my political grave so they could jump into my seat, I know who you are and I won’t forget you."Torricelli, who dropped his own reelection bid in 2002 amid an ethics controversy, reiterated Friday that he won’t run if Menendez does. But, he said, he will run if Menendez doesn’t seek reelection.“I think it’s regrettable. I think we’d all hoped this matter would come to an end," Torricelli said in a phone interview. "Like most Democrats in New Jersey, I wish Bob Menendez the best. But I’ll repeat what I’ve said all along: While we hope for the best for Bob Menendez, if the worst happens this seat in the United States Senate has to be defended at all costs."I’ve done all the preparation possible to ensure that it can be financed and there’s sufficient political support to defend the seat,” he said. If Menendez stays on the ballot, Republicans would have an opportunity to pick up a Senate seat in New Jersey in a year in which the Senate map is already unfavorable to Democrats.Although New Jersey often elects Republican governors, the same isn’t true for senators. The last time a Republican won a U.S. Senate election in New Jersey was 1972.The first trial took its toll on Menendez’s popularity, with 51 percent of New Jersey voters saying in a recent survey that he does not deserve reelection.At least one wealthy Republican, pharmaceutical executive Robert Hugin, is considering a run for Menendez’s seat.

19 января, 18:40

После докапитализации с "Промсвязьбанком" могут отказаться работать Visa и MasterCard

"Промсвязьбанк" после докапитализации планируется передать государству, после чего на его базе будет создан банк, ориентированный на выполнение гособоронзаказа. На мой взгляд, создание такого банка на базе уже существующей кредитной организации выглядит достаточно логичным шагом, нежели построение его с нуля. Это позволит достаточно быстро переориентировать потоки, относящиеся к гособоронзаказу на эту кредитную организацию. К тому же у нее за счет развитых сервисов обслуживания частных и корпоративных клиентов будет возможность зарабатывать средства с использованием стандартных механизмов. Отметим, что данный банк, скорее всего, будет проводить достаточно консервативную политику при решении о выдаче кредитов компаниям, не относящимся к его основному направлению деятельности. При этом банк рискует подпасть под санкции, как это случилось несколько лет назад с банком "Россия", что ограничит возможности его клиентов.

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19 января, 18:31

Visa анонсировала запуск биометрических банковских карт

Visa запустила пилот новой биометрической платежной карты с кредитным союзом Mountain America и Bank of Cyprus

19 января, 18:07

Российская оборонка «вооружится» Промсвязьбанком

Внезапно. Почему Промсвязьбанк? И как это отразится на его клиентах и на всем финансовом секторе?Внезапно Промсвязьбанк. Как сообщил «Коммерсантъ», именно он может стать опорным оборонным банком страны. О его создании официально заявил Минфин, но имя кредитной организации не назвал. Оборонный банк — это ответ на грядущие американские санкции.Выбор для рынка неожиданный. До этого СМИ писали, что оборонным банком станет «Глобэкс». В отличие от него, Промсвязь — один из самых крупных российских банков, с разветвленной сетью и огромным количеством клиентов. Наверняка, они очень удивились и, вероятно, заволновались.Если санкции США будут, как и обещано, жесткими, то оборонный банк автоматически под них попадет. Скорее всего, он перестанет проводить операции в иностранной валюте. Долларовые счета могут быть заблокированы. Карты банка платежных систем Visa и Master card — тоже.Владимир Шевченкоглавный редактор банковского портала Finnews.ru«Первое [...]

19 января, 08:27

Senate in disarray with shutdown hours away

The chamber couldn't agree on scheduling a vote, let alone passing legislation to keep the government open.

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19 января, 07:04

Visa подготовила банковские карты со встроенным дактилоскопическим сканером

Механизм биометрической идентификации пользователя путём сличения отпечатка его пальца является сегодня простым и надёжным способом, чтобы ограничить доступ к смартфону посторонним лицам. Обойти такую защиту, не заполучив папиллярный узор владельца гаджета, считается невозможным. А потому биометрическим системам отвели роль механизма для подтверждения платежей, открывшего доступ к безопасному шоппингу.   Биометрическое распознавание по отпечатку пальца пришло на «USB-флешки», его можно встретить в дверных смарт-замках и даже чемоданах. Дактилоскопическим сканерам находят применение там, где дорожат конфиденциальностью и заинтересованы в препятствовании доступа извне. Данная технология, обязанная своей популярностью смартфонам, в скором времени охватит и непосредственно сам банковский «пластик». 

18 января, 23:07

3 Discount Retailers That Cashed In on Holiday Season

A splendid holiday season has given retailers a reason to smile. Certainly, consumers were in the mood to spend.

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18 января, 22:23

Trump Administration Shuts Haiti Out of Seasonal Worker Program

The Trump administration is further tightening U.S. work visa rules for Haitians, as it plans to remove the country from a program for temporary seasonal jobs, weeks after ending another visa program that allowed tens of thousands of others to live and work in the U.S.

12 сентября 2013, 12:05

Не мытьем, так катаньем

Американским властям позарез нужно показать, что у них с экономикой все хорошо. И если не получается сделать это нормальным путем, то можно поменять правила игры. Или игроков. 10 сентября индексу DowJones вновь удалось превысить отметку в 15 тысяч пунктов. Правда, список компаний, с помощью которых это было достигнуто, уже несколько отличался от того, что было днем ранее. Все дело в том, что из него выкинули всех неудачников, портящих общую благостную картину, и поместили новые компании, демонстрирующие лучшие результаты. В итоге из индекса DowJones были выброшены алюминиевый гигант Alcoa, небезызвестный Hewlett-Packard, производящий электронику, и никто иной, как BankofAmerica. Вместо них в список вошли банк GoldmanSachs, платежная система Visa и производитель спортивной одежды Nike. Конечно, спортивная одежда оказывает гораздо большее влияние на мировую экономику чем производство какого-то там алюминия. Сейчас в списке DJIA присутствует десять числящихся «производственными» компаний, которые фактически ничего не производят, но ведь все, как известно, зависит от точки зрения. Это для обычного человека собрать из булки, куска сыра и котлеты какой-нибудь гамбургер – это не производство, а вот для биржи – это очень даже производство. Если дело пойдет так и дальше, то вскоре индекс, и так уже довольно сильно оторванный от экономической реальности, может вообще перестать означать хоть что-то вразумительное и окончательно превратится в некую абстракцию, на которую американские власти будут ссылаться, чтобы доказать, что американская экономика наконец-то «восстанавливается». В общем, вновь и очередной раз повторяется та же самая история, что и с сирийским зарином. И чем глубже будет развиваться кризис, тем больше откровенного и наглого вранья властей и их приближенных мы еще услышим. Ну, а индекс… да он поднялся выше 15 тысяч пунктов. И что? Да, кстати. Компания Apple по-прежнему остается одним из любимчиков Уолл-стрита. Да это и неудивительно. Только вчера она с большой помпой выпустила очередной новый продукт, вся ценность которого заключается во встроенном датчике, сканирующем отпечатки пальцев пользователей. Естественно исключительно для удобства пользователей.  Вероятно, эта инновация найдет своих последователей, но самую большую благодарность Apple наверняка скажут АНБ, ЦРУ, ФБР и прочие секретные службы, а также разнообразные правоохранительные органы. Ведь просто заставить сдать человека свои отпечатки пальцев может оказаться непросто, а тут пользователи не только сами и добровольно будут сдавать свои отпечатки, но еще и приплачивать за это. Право слово, решение более чем изящное. Ссылки на мои выступления по телевидению: http://xn--80ajoghfjyj0a.xn--p1ai/zameniteli-deneg-aleksandr-lezhava http://xn--80ajoghfjyj0a.xn--p1ai/kak-doyat-rossiyu-aleksandr-lezhava Мои книжки  «Крах «денег» или как защитить сбережения в условиях кризиса»,  «Золото. Гражданин или государство, свобода или демократия»,  «Занимательная экономика», «Деньги смутных времен. Древняя история»,  «Деньги смутных времен. Московия, Россия и ее соседи в XV – XVIIIвеках»  можно прочитать или скачать по адресу http://www.proza.ru/avtor/mitra396