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China shapes a new U.S. economic era: The return of industrial policy
Fears of China’s growing economic might, and America’s dependence on its rival for critical manufacturing and natural resources, are reviving an interest in industrial policy — the use of state power to encourage production on domestic soil, even if it would be cheaper and more efficient to buy products from abroad. Outside a few narrow sectors such as fighter jets and other high-tech defense items, the use of industrial policy had been reviled among Washington policymakers for over a generation. But now it’s coming back, according to interviews for a new episode of POLITICO’s Global Translations podcast being released Wednesday. Jennifer Harris, who served on the State Department’s policy planning staff under Hillary Clinton, told the podcast that industrial policy was “the kind of term t...
The Players Behind Ariana Grande’s ‘Positions’: See the Full Credits
Artists:Main Artist – Ariana Grande Songwriters:Composer Lyricist – Angelina BarrettComposer Lyricist – Ariana GrandeComposer Lyricist – Brian Vincent BatesComposer Lyricist – James JarvisComposer Lyricist – London HolmesComposer Lyricist – Nija CharlesComposer Lyricist – Steven FranksComposer Lyricist – Tommy Brown Vocal Arranger – Ariana Grande Producers:Producer – London On Da TrackProducer – Mr. FranksProducer – Tommy Brown Production Team:Vocal Producer – Ariana Grande Engineers:Engineer – Ariana GrandeEngineer – Billy Hickey Mastering Engineer – Randy Merrill Mixer – Serban Ghenea Performers: Background Vocalist – Ariana Grande Guitar – James Jarvis Other Contr...
APC insincere about restructuring – PDP
File Photo THE Peoples Democratic Party has accused the All Progressives Congress of frustrating genuine efforts aimed at restructuring Nigeria. The party said this in a statement titled, ‘APC is frustrating genuine restructuring – PDP, insists on 2014 National Conference report’, signed by its National Publicity Secretary, Kola Ologbondiyan, in Abuja on Tuesday. It alleged that the APC was trying to manipulate the system and frustrate the widespread clamour and efforts by the majority of Nigerians for genuine restructuring. The opposition party described plans by the APC to smuggle the partisan report of its committee on restructuring into the National Assembly to replace the 2014 National Conference Report, “as an unpardonable assault on the sensibility of over 200 million Nigerians, who...
Polls start to close in tense US presidential election
Polls in US battleground states began to close on Tuesday, inching the contest between President Donald Trump and Joe Biden to its nail-biting conclusion, following a race fought in unprecedented conditions of a global pandemic and the most deeply divided electorate in decades. At 7:00 pm (0000 GMT), voting ended in Indiana, Kentucky, South Carolina, Virginia, Vermont, and also Georgia, a formerly rock-solid Republican state that Biden’s Democrats hope to flip. CNN and NBC already projected a win for Trump in Indiana. Parts of Florida — an even bigger electoral prize that routinely sees knife-edge elections — were also closing at 7:00 pm. Polls in the rest of the state and also in Pennsylvania, another ground zero in US presidential contests, were closing at 8:00 pm (0100 GMT). What was no...
US election: FBI probes robocalls urging voters to ‘stay home’
The Federal Bureau of Investigation (FBI) is investigating calls that seek to discourage people from voting, a senior official at the Department of Homeland Security told reporters on Tuesday. Authorities would not offer details. US state and local officials have been raising the alarm over at least two separate automated call campaigns as millions of people cast their votes on Tuesday to decide between President Donald Trump and challenger Joe Biden. Janaka Stucky, 42, a Democratic voter who lives in Medford, Massachusetts, was one of the many who received the robocall on Tuesday. “My first thought was that actually, it was a municipal test call for a COVID lockdown thing,” he told the Reuters news agency. “The more I thought about it I was like, oh this actually feels really off and weir...
Real Madrid rekindle last 16 hopes with 3-2 win over Inter Milan
Real Madrid boosted their chances of reaching the UEFA Champions League knockout stages after a late winner by substitute Rodrygo. The win gave them a 3-2 home victory over Inter Milan in an absorbing Group B clash on Tuesday. The result left Real Madrid, winners of a record 13 titles in Europe’s premier club competition, level on four points with Shakhtar Donetsk. They are one point behind leaders Borussia Moenchengladbach and two ahead of bottom placed Inter Milan. Real Madrid had thrown away a two-goal lead and were flirting with a defeat which would have piled more pressure on manager Zinedine Zidane. Then, their Brazilian duo of Vinicius Junior and Rodrygo combined to save the day. Chances had gone begging at either end before Karim Benzema gave the home side a 25th minute lead. He ro...
Fox survey finds 63 percent say country heading in wrong direction
Residents wait in line to vote at a shuttered Sears store in the Janesville Mall on November 03, 2020 in Janesville, Wisconsin | Scott Olson/Getty Images Nearly two-thirds of voters surveyed in early exit polls said the country going in the wrong direction, with the staggering national economy weighing heavily in their decisions. A total of 63 percent polled by FoxNews and the Associated Press were pessimistic about the future. The economic downturn was the single most important factor in the vote of 28 percent of respondents and an important factor to another 57 percent. However, almost 7 in 10 said their family is making do. Nineteen percent said someone they knew had died of Covid-19. Forty-one percent of respondents said the government Covid response was the single most important facto...
Wall Street notches second-best Election Day of trading
President Donald Trump has repeatedly touted the performance of the stock market as a reflection of his job performance, with the market hitting all-time highs during his presidency. Even after the coronavirus ravaged the economy and caused a painful selloff in March, markets have recovered since then with the S&P 500 and Nasdaq Composite Index hitting new all-time highs this summer and fall. Still, Tuesday’s performance is a far cry from the best election day ever for the stock market, which was was in 2008 when the S&P 500 gained 4.1 percent and the Dow jumped 3.3 percent, said Ed Clissold, chief U.S. strategist at Ned Davis Research, Inc., a financial research firm. “There’s a BIG caveat to this statistic. Before 1984, the stock market was closed on Election Day, so ...
Nigeria debts will hit N38.68 trillion in 2021 – minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the total public debts of Nigeria would hit N38trn by December 2021. The Minister stated this on Tuesday, in her presentation to the Senate Committee on Local and Foreign Debts. The Minister said, ”The total public debt stock comprising the External and Homes debts of the Federal and state governments and the Federal Capital Territory stood at N31.01trn (USD85.90 billion) as at June 30, 2020. “It is projected, based on existing approval, to rise to N32.51 trillion by December 31, 2020 and N38.68 trillion by December 31,2021.” She attributed reasons for numerous abandoned road projects across the country to poor funds releases occasioned by dwindling revenue. She explained that the current Sukuk fund is N162bn for...
Nigeria mulls exit from some International organisations – minister
The Minister of Foreign Affairs, Mr Godfrey Onyeama, says plans are underway to reduce the number of International Organisations Nigeria belongs to because of paucity of funds. Onyeama made this known while defending the ministry’s 2021 budget at the House of Representatives on Tuesday in Abuja. He said that the ministry is faced with a challenge of meeting its contribution to those International organisations. “We are owing a lot, and in the Federal Executive Council (FEC), there is a process to rationalise and cut down on the International Organisations we belong to. “This is because we are just owing monies left and right and it is not even good for the image of the country,” he said. Onyeama, who decried the poor funding of the ministry, reeled out the challenges facing the 2021 budget...
Lekki shooting: CCTV stopped recording after 8pm – LCC chief
Lekki Concession Company (LCC) has said that CCTV cameras at Lekki Tollgate stopped working at 8p.m. on Oct. 20, the day military men alleged shot at unarmed #EndSARS protesters. Managing Director of LCC, Mr Abayomi Omomuwasi, made the disclosure while testifying during proceedings of Lagos #EndSARS Judicial Panel on Tuesday. Led in evidence by his lawyer, Mr Rotimi Seriki, Omomuwasi said that the cameras stopped working due to network issues. “We never tampered with the surveillance camera, that is why we have footage until 8 p.m. when it stopped recording. “It was around 8.p.m. that we did not get any CCTV recording. It stopped recording because of network issues with the system. “The major cause is that we have the network that connects our cameras together at Ikoyi Link Bridge, Chevron...
Maternity leave now six months in Oyo – official
Oyo State Government has approved an upward review of maternity leave for pregnant women and nursing mothers in its service from four months to six months. The Commissioner for Establishment and Training, Prof. Daud Sangodoyin, made this known on Tuesday in Ibadan while briefing newmen on the outcome of the weekly State Executive Council meeting. Newsmen report that the 30th council meeting was presided over by Gov. Mr Seyi Makinde. According to Sangodoyin, the upward review by the council was to meet the World Health Organisation’s recommendation on Exclusive Breast Feeding. He, however, said that workers would be entitled to the leave four times while in the service of the state government. He said that the 2 p.m. official closing time for nursing mothers at work would no longer be effec...
