- PoliticsBusiness Insider
Trump says he doesn't want John Bolton to testify in his impeachment trial because 'he knows some of my thoughts'
President Trump's statement underscores why Democrats believe John Bolton's testimony is crucial: Trump said Bolton "knows some of my thoughts."
“Had my vote prevailed, there would’ve been live witnesses," the Kentucky Republican said in 1999.
- BusinessAssociated Press
Two different air bag glitches have forced Toyota and Honda to recall over 6 million vehicles worldwide, and both problems present different dangers to motorists. The Toyota recall affects about 3.4 million vehicles globally and is being done because the air bags may not inflate in a crash. The cars have air bag control computers made by ZF-TRW that are vulnerable to electrical interference and may not signal the bags to inflate.
(Bloomberg) -- Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.Scott Minerd has a message for his fellows at Davos who are applauding rallying markets: Things aren’t as good as they seem.The Guggenheim Partners investment chief likened the inflation of asset prices caused by the loose money policies of central banks to a “ponzi scheme” that eventually must collapse.“We will reach a tipping point when investors will awake to the rising tide of defaults and downgrades,” he wrote in a letter from the World Economic Forum meeting. “The timing is hard to predict, but this reminds me a lot of the lead-up to the 2001 and 2002 recession.”Minerd’s warning to clients came before U.S. President Donald Trump spoke to a delegation in Davos, where he faulted the U.S. Federal Reserve for trying to raise interest rates and said the central bank took too long to lower them. The European Central Bank will on Thursday decide about the direction of interest rates as officials weigh the extent of an economic slowdown.Minerd cited rising defaults despite a rally in riskier assets, and reiterated a warning that BBB-rated bonds risk further downgrades. He said that type of debt is at a greater risk of deterioration than it was in 2007.Anne Walsh, Guggenheim’s fixed-income chief, said in an interview that 15% of the U.S. economy is already in recession. She said the Federal Reserve’s efforts to pump liquidity into markets has created “zombie companies” that may see an outflow of capital as the utility of that money continues to diminish, she said.The longer that this market runs, the harder the fall will be when it ends, she said.“Patience will lead to bigger opportunities for disciplined investors who don’t wander off into exotic asset classes or chase current returns,” Minerd wrote in the letter.(Updates with quotes in the final paragraph and context in paragraph four.)To contact the reporters on this story: Ross Larsen in Rome at firstname.lastname@example.org;Sonali Basak in New York at email@example.com;Sridhar Natarajan in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Sree Vidya Bhaktavatsalam at email@example.com, Ross Larsen, Stefania BianchiFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Taiwan President Tsai Ing-wen called on China on Wednesday to share "correct" information about a new coronavirus and for the World Health Organisation (WHO) not to exclude Taiwan from collaboration on the outbreak for political reasons. Authorities have confirmed more than 400 cases of the virus in China, most of them in the central city of Wuhan where the virus first appeared at the end of 2019. The virus, which health officials have said can be passed from person to person, has spread to cities including Beijing and Shanghai, with cases have been confirmed in Thailand, South Korea, Japan, as well as Taiwan.
- CelebrityGood Housekeeping
Technically, they could go with Sussex, but it's highly unlikely.
- EntertainmentAssociated Press
NEW YORK (AP) — “Sesame Street” in the past year has tackled everything from foster care to substance abuse. Now its latest effort is trying to help children suffering as a result of the Syrian civil war. Sesame Workshop — the nonprofit, educational organization behind “Sesame Street” — has launched a new, locally produced Arabic TV program for the hundreds of thousands of children dealing with displacement in Syria, Iraq, Jordan and Lebanon.