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Author: Tan KW   |   Latest post: Mon, 25 Jan 2021, 10:46 PM

 

車用晶片大缺貨!美、日、德盼台積電伸援手-陳明樂《金錢爆》2021.01.25 - 57金錢爆

Author: Tan KW   |  Publish date: Mon, 25 Jan 2021, 10:46 PM


車用晶片大缺貨!美、日、德盼台積電伸援手-陳明樂《金錢爆》2021.01.25

https://www.youtube.com/watch?v=nNu3dN_AbOg

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馬雲捐阿里10%股權「保安全」? 任正非「唱反調」恐成馬雲第二?! - 徐俊相 江中博 朱學恒《金錢爆》2021.0125 - 57金錢爆

Author: Tan KW   |  Publish date: Mon, 25 Jan 2021, 10:46 PM


馬雲捐阿里10%股權「保安全」? 任正非「唱反調」恐成馬雲第二?! - 徐俊相 江中博 朱學恒《金錢爆》2021.0125

https://www.youtube.com/watch?v=Kae5tU8L6IY

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Moscow objects to U.S. embassy's support for 'illegal' protests in Russia: RIA

Author: Tan KW   |  Publish date: Mon, 25 Jan 2021, 10:46 PM


MOSCOW - Russia's deputy foreign minister Sergei Ryabkov on Monday objected to what he called the United States' envoy in Moscow John Sullivan's support for "illegal" protests in Russia, the RIA news agency reported.

Police detained more than 3,000 people and used force to break up rallies across Russia on Saturday as tens of thousands of protesters ignored extreme cold and police warnings to demand the release of Kremlin critic Alexei Navalny.

Prior to the protests, the U.S. Embassy in Moscow had issued a "Demonstration Alert", warning U.S. citizens to avoid the protests and naming the venues in Russian cities where protesters planned to gather.

 


  - Reuters

 

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Diverse team of U.S. House Democrats to lead Trump's second impeachment trial

Author: Tan KW   |  Publish date: Mon, 25 Jan 2021, 10:46 PM


WASHINGTON - The nine Democratic lawmakers who will prosecute ex-President Donald Trump in his impeachment trial reflect America's racial, ethnic and sexual diversity, in stark contrast to the white nationalist imagery that marked the mob of Trump supporters who stormed the Capitol.

Trump urged his followers to "fight" to overturn his election loss to President Joe Biden in a fiery speech on Jan. 6. Hundreds -- some carrying or wearing racist and anti-Semitic symbols -- then attacked Congress in a siege that left five dead and drove lawmakers into hiding.

A week later, the Democratic-led House of Representatives impeached Trump on a charge of inciting insurrection.

The nine House lawmakers who will argue for Trump's conviction, known formally as impeachment managers, represent an increasingly diverse America that some experts say stands as the antithesis to the white nationalism that drove the attack -- a concern Biden called out in his inauguration speech.

Speaking from a podium in front of the Capitol, Biden denounced "a rise in political extremism, white supremacy, domestic terrorism that we must confront and we will defeat."

House Speaker Nancy Pelosi chose the nine for their expertise, which includes backgrounds in criminal prosecution and defense, constitutional law, and federal and state legislation.

Among the nine, Stacey Plaskett and Joe Neguse are Black, Joaquin Castro is Latino, Ted Lieu is Asian and David Cicilline is openly gay. Cicilline is also Jewish, as is lead manager Jamie Raskin.

"It's a group of members of Congress who really reflect the face of the country," said Castro. He said he has spent the past two years "taking on Donald Trump and his administration as they demonized immigrants and brown-skinned people in our country.

"To do nothing would be to encourage the next president who wants to take advantage of similar sentiments," the Texas Democrat said.

'PERNICIOUS STRAIN'

Their job will be to prove to the 100 members of the Senate that Trump should be convicted and prevented from holding office again after provoking a violent mob who included far-right militia members and others who waved Confederate flags or wore clothing bearing white supremacist insignia and slogans. One rioter wore a sweatshirt emblazoned with "Camp Auschwitz."

"We have a team of managers who can talk about the pernicious strain of white nationalism that the president has always encouraged, and at times, praised," said Democratic Representative Adam Schiff, who led the prosecution at Trump's first impeachment trial a year ago.

Members of the team said the concerns driving the case should matter to Americans of all backgrounds.

Raskin said the backgrounds of the managers or the beliefs of the rioters are not key to the trial.

"These crimes against the Republic would be crimes regardless of the ideology and the flags being carried," the Maryland Democrat said.

"The mob was chanting, 'Hang Mike Pence, Hang Mike Pence!' and calling him a traitor. Mike Pence is not African-American, or a member of any other racial or ethnic minority group, at least to my knowledge," he said of the former vice president.

'SPEAK REPUBLICAN FLUENTLY'

Plaskett, a former Bronx prosecutor, said in an interview she plans to employ an unique skill acquired while working at the Justice Department under Republican former President George W. Bush.

"I can actually speak Republican fluently," said Plaskett, who represents the U.S. Virgin Islands and describes herself as a moderate Democrat. "I'm going to be calling on that."

The other managers are Diana DeGette of Colorado, Eric Swalwell of California, and Madeleine Dean of Pennsylvania.

To convict Trump, the managers will need to persuade 17 Senate Republicans of his guilt.

Republican Senate Minority Leader Mitch McConnell has said that the rioters were "fed lies" and "provoked by the president and other powerful people."

But other Republicans criticize the House impeachment as being rushed, saying it would be unconstitutional to put Trump on trial now that he is out of office, and that the focus should be on the rioters themselves.

"The argument that the election was stolen was overdone and got people ginned up. I think he's responsible for that. But people's decision to come here and take over the place? That lies with them," said Republican Senator Lindsey Graham, one of Trump's staunchest allies in Congress.

Elaine Kamarck, a senior fellow at the Brookings Institution, said the contrast between Trump's supporters and the House managers presents Senate Republicans with a symbolic choice between today's America and a vision of the past that their party has often held up as an ideal.

"An awful lot of this was about what is happening to the demographics of the country. All of the managers are Americans, duly elected by other Americans," Kamarck said.

"Are (Republicans) going to hold onto this notion that they can roll back time to a different America, or are they going to try to make themselves appealing to the America that we are in the 21st century?"

 


  - Reuters

 

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U.S. House to bring Trump incitement charge to Senate, launching second impeachment trial

Author: Tan KW   |  Publish date: Mon, 25 Jan 2021, 10:45 PM


WASHINGTON - The U.S. House of Representatives on Monday will formally charge ex-President Donald Trump with inciting insurrection in a fiery speech to his followers before this month's deadly attack on the Capitol, signaling the start of his second impeachment trial.

Nine House Democrats who will serve as prosecutors will proceed through the building where hundreds of Trump supporters fought with police, leaving five dead, at about 7 p.m. on Monday (0000 GMT), carrying the article of impeachment to the Senate where Trump will face trial.

A similar ceremony was carried out for Trump's first impeachment trial last January, when the House clerk and sergeant at arms led a small procession of lawmakers through a hushed Capitol.

It will mark two historic firsts - Trump is the only U.S. president to have been impeached by the House twice and will be the first to face trial after leaving office. Conviction in the Senate could result in a vote to ban him from holding future office.

Leaders of the Senate, which is divided 50-50 with Democrats holding a majority because of the tie-breaking vote of Vice President Kamala Harris, have agreed not to start the trial until Feb. 9. That gives Trump more time to prepare a defense and allows the chamber to focus on President Joe Biden's early priorities, including Cabinet appointments.

After a two-month campaign to try to discredit his election defeat, Trump on Jan. 6 urged his followers to "fight" to overturn the result. A mob later descended on the Capitol, sending lawmakers into hiding and for several hours delaying Congress' formal certification of Biden's victory.

Ten House Republicans joined Democrats in voting to impeach Trump, a step akin to an indictment in a criminal trial. Senate Democrats will need the support of 17 Republicans to convict him, a steep climb given Trump's continued popularity with Republican voters.

A Reuters/Ipsos poll on Friday found that 51% of Americans thought the Senate should convict Trump. That largely broke down along party lines, with less than two in 10 Republicans agreeing.

'A FLAMING FIRE'

Multiple Republicans, including the party's Senate leader, Mitch McConnell, have condemned the violence and criticized Trump for inciting it. Republican Senator Mitt Romney told CNN on Sunday that the trial was necessitated by Trump's inflammatory call to his supporters.

"I believe that what is being alleged and what we saw, which is incitement to insurrection, is an impeachable offense. If not, what is?" said Romney, a frequent Trump critic and the only Republican to vote to convict him at his first impeachment trial.

But a significant number of Republican lawmakers have raised objections to the impeachment. Senator Marco Rubio pronounced the trial "stupid" and "counterproductive" on "Fox News Sunday."

"We already have a flaming fire in this country and it's like taking a bunch of gasoline and pouring it on top of the fire," Rubio said.

The case is a simpler one than Trump's first impeachment, which focused on a phone call with Ukraine's president that was disclosed by a whistleblower. In this case, the actions in question played out in a public speech and a separate phone call to a Georgia election official that was released to the news media.

Trump was acquitted in his first trial last year, which took nearly three weeks and dealt with charges the president had abused his power and obstructed Congress in relation to his call pressing Ukraine to investigate Biden. Senate Majority Leader Chuck Schumer said on Sunday the second trial would be fairly quick.

"Everyone wants to put this awful chapter in American history behind us. But sweeping it under the rug will not bring healing," Schumer said in New York. "I believe it will be a fair trial. But it will move relatively quickly and not take up too much time because we have so much else to do."

 


  - Reuters

 

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US corporate share buybacks are on the rise, lifting investor hopes

Author: Tan KW   |  Publish date: Mon, 25 Jan 2021, 10:40 PM


NEW YORK - U.S. corporate share buyback levels are slowly increasing after last year's pandemic-driven drop-off in spending, and investors are eager to see how much buybacks may support market gains.

Buybacks are not likely to return this year to pre-pandemic levels, but recent buyback talk from companies has lifted investor hopes that repurchase trends have turned the corner, thanks to optimism over the rollout of vaccines to fight COVID-19.

Netflix last week said it would explore returning excess cash to shareholders via share buybacks, and investors have cheered recent buyback announcements from some big investment banks.

"Companies are starting to put their foot back in the water," said Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. "That's a good sign, ... it means cash flow is available."

S&P Dow Jones Indices projects share repurchases for S&P 500 companies to have totaled about US$116 billion in the fourth quarter of last year, up from US$102 billion in the third quarter.

That's still far below the US$182 billion in the 2019 fourth quarter, and the record US$223 billion in the last quarter of 2018. S&P 500 buybacks are projected to rise to US$651 billion in 2021 from an estimated US$505 billion last year, based on S&P's data.

Looking at buyback announcements from companies listed on U.S. exchanges, TrimTabs Research said U.S. companies became more bullish toward the end of last year and buyback announcements hit a 15-month high of $88.4 billion in December.

S&P 500 share buybacks reached a peak of US$806 billion in 2018, according to S&P, when massive tax breaks for U.S. companies boosted cash levels.

Share repurchases are often cited as a key support for U.S. stocks, and investors are weighing the potential for support with U.S. stocks already at record highs this year.

Buybacks decrease the number of a company's shares outstanding, boosting per share earnings and driving down the price-to-earnings ratio, a key benchmark.

"With the market being as expensive as it seems, share repurchases could drive the market that much higher," said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut.

"It adds to the Street's belief that there's an underlying bid, we're not in this alone, and someone else is going to support the stock and that's the company," he said. "It turns out to be a good thing for share prices. But they run the risk of overvaluing stocks, and it speaks to the broader question about why companies are doing it."

In his firm's 2021 outlook, David Joy, chief market strategist at Ameriprise Financial, said the firm's base case is for corporate stock buybacks to gradually increase through 2021, while a more favorable scenario would be for buybacks to "accelerate back to pre-pandemic levels." Banks in particular have come into the spotlight.

Following the Federal Reserve's second "stress test" of banks for 2020 - which measures banks' financial health and determines if they have sufficient reserves to protect against losses - the Fed in December relaxed restrictions on buybacks.

That was quickly followed by announcements from some large firms, including JPMorgan Chase and Goldman Sachs , that they planned to buy back stock beginning in 2021.

JPMorgan's board authorized a share repurchase program of US$30 billion.

The S&P 500 Buyback index has tripled in value since the end of the global financial crisis, and its rebound from the pandemic recession was as abrupt as its plunge.

Silverblatt said not all industries will be prepared to increase buybacks at this point, most notably hotel, entertainment and other industries that have been hit particularly hard by the pandemic.

 


  - Reuters

 

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