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Wednesday, 29 March 03:14 (GMT -05:00)



Business And Politics News

Trump’s Victory Won’t Bring Russia Any Good, Expert Says


According to Steen Jacobsen, chief economist for Saxo Bank, Donald Trump’s victory doesn’t necessarily mean that the Russian economy is going to benefit from that.

 

 

 

 
Mr. Jacobsen assumes that those who say that Donald Trump’s victory is a nightmare for America are completely wrong. His victory showed an urgent necessity of radical changes in the USA. Today, the USA is living in a world with the lowest labor productivity, the highest social inequality, the lowest interest rates and inflation, and the most inflated stock market in history.
If the latest U.S. presidential election had been all about candidates' personalities, and politics, neither Donald Trump, nor Hillary Clinton would have managed to become even candidates.
 

 

Frankly speaking, it’s not Donald Trump who won the election, it’s just his opponent Hillary Clinton who lost it. The thing is that most Americans saw Hillary Clinton as the candidate who would have continued Obama’s policies if she had won the election. She was seen as the living picture of the U.S. political elite. That’s why the Americans voted for changes. That was the key reason why they let Donald Trump win. 

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You can definitely say that these are not the best changes possible. However, Mr. Jacobsen assumes that Trump’s victory may well bring positive changes since this unexpected event made it possible to change the situation with ultra-low interest rates, as well as the economic policy, and to improve the labor productivity and so on.  Now it seems to be the right time for economists and businessmen to take the lead and be in charge of the country instead of politicians. That’s why Mr. Jacobsen feels more optimistic than 13 years ago. Today’s situation is worse than back then, which is why there is only one way, and this way is to a better future. Simply put, the electorate decided to risk this time and choose a Republican instead of seeing another Democrat as the 45th U.S. President.
 
As for emerging economies, they are seeing tough times, the expert says. Given the existing uncertainty and volatility, investors are likely to reduce exposure and even quit risky investments since the U.S. Dollar now looks more reliable than Brazilian, or Russian assets. Consequently, the American national currency is likely going to get stronger in the near future.

On the other hand, the Dollar cannot stay strong for a long period. This means that in 2017, the USA will face the challenge associated with economic growth. Most likely, this is going to happen within the first 100 days of Mr. Trump’s presidency. The U.S. economy is on the verge of falling into recession. If that’s the case, the U.S. economy will definitely drag the entire global economy into the same recession as well since the USA is still number one economy in the world.
 

 

As for Russia, the USA may cancel the sanctions against Russia since Donald Trump treats Russia as a potential partner rather than an enemy. If that’s the case, this is going to definitely have positive impact on the Russian economy. Still, it’s too premature to say that Russia will benefit from Trump’s presidency.  In particular, Saxo Bank anticipates a stagnating Russian economy, with a still weak national currency around 58-60 rubles per dollar. 

 

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Soros, Rockefeller and Other Billionaires Ask U.S. Government to Raise Taxes for Them

The State of New York’s richest citizens – including some of the world’s richest families such as Soros, Rockefeller, Disney and others – have signed a petition to ask the local authorities to raise the taxes for the super-rich.

 

 
The extra money allocated as the result of those tax hikes are offered to be spend on schools, infrastructure, support for the homeless and other important things. The billionaires say that it’s time to invest in the long-term economic attractiveness of New York.
Publication date: 25 March 06:02 AM

Polish Defense Minister Calls Donald Tusk a Traitor

Not so long ago, Poland found itself in the middle of another political scandal. The thing is that the Polish Minister of Defense accused President of the European Council Donald Tusk in a diplomatic betrayal. For those of you who don’t know, Donald Tusk used to be the Prime Minister of Poland.
 
To be more specific, Donald Tusk was allegedly cooperating with Vladimir Putin when he was the Prime Minister of Poland. They Defense Minister claims that the aim of this cooperation was to undermine Poland’s national interests after the Polish President’s airplane crashed in Russia in 2010. Apart from the President, there were 95 people on board, including a lot of high-ranking Polish politicians. Unfortunately, nobody survived the crash.
 
Publication date: 24 March 09:48 AM

Candidate Macron Is Against Tighter Relations with Russia

Emmanuel Macron is a former French Minister of Economy and one of the candidates of the post of the President of France.  He thinks that France should be moving forward to tighter relations with the Russian Federation.
 

 

During the pre-election debates broadcast by TF1, Emmanuel Macron showed that he wouldn’t make friends with Moscow if he elected President of France. He thinks that France needs independence and tighter cooperation with fellow EU countries. He wants to make France stronger and more independent based on responsibility and real European policies.
 
Publication date: 24 March 12:49 AM

Russia's Become More Influential in the Middle East, Stratfor Says

According to Stratfor, a US-based private analytic company, Russia has really become more influential in the Middle East.
 
According to the recent report released by Stratfor the other day, since the Russian federation has deployed its troops in Syria, it has been increasing its role in the entire region. Apart from helping Iran (shipping weapons) and Egypt (investing through Russian tourists), Russia has been actively participating in several regional disputes at the same time.
Publication date: 23 March 09:32 AM

Evgeny Kiselev on 3 Years of Russia's Crimean Shame

For those of you who don’t know, a couple of days ago, Russia celebrated the 3rd anniversary of getting back the Crimea, which was essentially annexation. Evgeny Kiselev, a famous Russian journalist who later got the Ukrainian citizenship, decided to comment on the results of Russia’s annexation of the Crimea that took place 3 years ago.
 
Publication date: 23 March 04:27 AM

Europe Looks Helpless Under the Treat Coming from Russia, Experts Say

According to several experts, including Mikhail Samous, a military expert from Ukraine, at this point the entire Europe looks helpless when it comes to any possible threat coming from Russia.
 

 

To be more specific, Mikhail and his fellow experts assume that Europe has still failed to come up with efficient ways of resisting the kind of a hybrid war Russia has been waging in Ukraine, and even some other places around the world.

Publication date: 22 March 08:43 AM

Trump's in Search of Peaceful Conflict Resolution in Donbass

Donald Trump met with Angela Merkel. There are reported to have spent a lot of time discussing the situation in Ukraine.
 

 

Having talked to Angela Merkel, Donald Trump agreed with the idea of peaceful resolution of the Donbass conflict. However, he also gave everyone to understand that some other scenarios are possible as well. He said that ideally they are looking for the ways and means to resolve the conflict in a peaceful way.
Publication date: 22 March 02:54 AM

Queen Stats Brexit

From now on, the British government is allowed to start the so-called Brexit, i.e. the process of quitting the European Union for good. The thing is that the previously approved document aimed at starting the Brexit procedure is now signed by Queen Elizabeth II. This means that the British government has got a green light to implement the people’s will expressed during the corresponding referendum on June 23rd, 2016. From now on, there is no stopping Theresa may from starting the Brexit.

Publication date: 20 March 11:28 AM

It’s Necessary to Prevent Russia from Influencing the Balkans, Theresa May Says

According to British Prime Minister Theresa May, the Balkan states are in jeopardy. This threat is coming from Russia. That’s why she thinks that European leaders should establish tighter cooperation with those Balkan states that are not EU members to avoid letting Russia spread their influence over those states.

Publication date: 20 March 06:12 AM

Angela Merkel's Gonna Shed Some Light on the Situation in Ukraine for Donald Trump

Several Western online sources report that Angela Merkel is willing to tell Donald Trump all the truth about what’s really going on in Ukraine. The thing is that German observers assume that Donald Trump knows relatively little about the situation in Ukraine in general and the East of Ukraine in particular. That’s why they assume that their Chancellor seems to think that it’s now here responsibility as a European leader to shed some light on the situation and help the U.S. President understand the real state of affairs in the region, especially in the Crimea and Donbass.

Publication date: 20 March 05:35 AM