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	<title>presidential &#8211; USA NEWS LIVE</title>
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	<title>presidential &#8211; USA NEWS LIVE</title>
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	<item>
		<title>The levies cross the bounds of the presidential authority</title>
		<link>https://bloggingthree.soflytech.com/2025/03/the-levies-cross-the-bounds-of-the-presidential-authority/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Tue, 04 Mar 2025 17:58:09 +0000</pubDate>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Authority]]></category>
		<category><![CDATA[cross]]></category>
		<category><![CDATA[levies]]></category>
		<category><![CDATA[limits]]></category>
		<category><![CDATA[presidential]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=25640</guid>

					<description><![CDATA[US importers and their customers are about to experience the total power of the unprecedented use of President Donald Trump&#39;s economic powers. At midnight Tuesday, 25% tariffs for imports from the 2 best trading partners in America, Canada and MexicoGot into force, in addition to an extra 10% tariff on Chinese imports. The tariffs for [&#8230;]]]></description>
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<p>US importers and their customers are about to experience the total power of the unprecedented use of President Donald Trump&#39;s economic powers.</p>
<p>At midnight Tuesday, 25% tariffs for imports from the 2 best trading partners in America, <a href="https://www.census.gov/foreign-trade/statistics/highlights/topyr.html" target="_blank">Canada and Mexico</a>Got into force, in addition to an extra 10% tariff on Chinese imports. The tariffs for Canadian energy at a speed of 10%also began at midnight on Tuesday.</p>
<p>It is difficult to overestimate how far the results of those tariffs will probably be or how quickly they might be felt.</p>
<p>The US trade with Mexico, Canada and China in 2024 <a href="https://www.census.gov/foreign-trade/statistics/highlights/topyr.html" target="_blank">Around 40% of America</a> Overall trading in goods all around the world.</p>
<p>In contrast to traditional trade policy, these tariffs should immediately provide a financial sting, said trading experts to CNBC.</p>
<p>&#8220;From a technical point of view, it is basically a light switch. They are switched on or switched off,&#8221; said Daniel Anthony, President of Trade Partnership Worldwide, a political research company.</p>
<p>In the truest sense of the word, the prices for import for import, for instance Limes price 100,000 US dollars from Mexico, rose by $ 25,000 on Tuesday. This is money that the importer has to pay on to the US customs and border protection if the Limes exceeds the limit.</p>
<p>According to experts, consumers will carry the important load of tariffs with higher prices. The tax policy center estimates that Trump&#39;s Mexico and Canada tariffs alone will cost the typical budget by 2026.</p>
<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-5">Goal<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    CEO Brian Cornell informed investors on Tuesday that buyers could increase product prices inside days, which is on account of the results of tariffs for Mexican fruit and vegetables.</p>
<p>Even if a mistake on Tuesday from exactly 12:01 p.m. ET would prevent the tariffs from being prevented, they might still be rated, and importers could expect to receive a tax bill retrospectively, said Nicole Bivens Collinson, a retail lobbyist in Washington and the managing director at Sandler, Travis &#038; Rosenberg.</p>
<p>&#8220;It is as if you have received and forgot a Uber calculation to give a tip and add it later,&#8221; she said.</p>
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<p>Together with the 2 latest North American tariff rates, Trump also signed an order that doubled his earlier 10% tariff for imports from China on Monday, for a complete of 20% additional tariff rate for the nation.</p>
<p>Taken together, Canada, China and Mexico made 2.2 trillion dollars price 2.2 trillion US dollars<a href="https://www.census.gov/foreign-trade/statistics/highlights/topyr.html" target="_blank"> US -American trade in overseas in 2024</a>According to the federal data. Around 840 billion US dollars got here from the trade with Mexico, 762 billion US dollars from Canadian imports and exports and 582 billion dollars from China.</p>
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<h2 class="ArticleBody-subtitle"><a id="headline0"></a>Extraordinary force</h2>
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<p>The impression of the huge latest tariffs is a pointy memory of how much power Trump exerts on global trade.</p>
<p>But it also indicates the bounds of this power.</p>
<p>One reason why Trump could impose the tariffs so quickly is that the White House appoints a comprehensive National Security Act to justify the brand new taxes.</p>
<p>So far, the law on the international emergency management powers in IEEPA has mainly been used to impose emergency cables against foreign dictators or alleged terrorist groups.</p>
<p>However, the Trump government argues that the illegal global fentanyl trade and immigrants on the Mexican border qualify each as an &#8220;unusual and extraordinary&#8221; foreign threats for American national security and justify Trump&#39;s use of emergency powers under IEPA.</p>
<p>Trump uses the law in a broader way than before every president, said Anthony from Trade Partnership Worldwide.</p>
<p>By crossing the borders of the presidential authority, Trump invites legal challenges, said Anthony.</p>
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<p>The implementation of such broad orders based on emergency base shouldn&#8217;t be without complications.</p>
<p>In the case of so-called de minimis programs, the Trump administration imposed thousands and thousands of taxes for thousands and thousands of shipments that enter the United States before the federal government had the means to really charge the fees.</p>
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<h2 class="ArticleBody-subtitle"><a id="headline1"></a>The de minimis chaos</h2>
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<p>&#8220;<a href="https://crsreports.congress.gov/product/pdf/R/R48380" target="_blank">De minimis &#8220;imports</a> are international programs price 800 US dollars or less. Historically, these imports of individuals with individuals with people were freed in the worth of individuals from US tariffs.</p>
<p>Some of the world&#39;s largest e-commerce firms use the de Minimis gap by sending their products on to consumers from overseas.</p>
<p>Fast fashion sites equivalent to Temu and Shein were directly from China to American consumers. In recent years, you may have contributed to fueling an explosion within the US minimum deliveries.</p>
<p>Collecting tariffs for de -minimis goods is harder than it looks.</p>
<p>&#8220;There is an entire infrastructure system for normal programs that go into the country,&#8221; said Collinson, who previously worked as a US trader. But this method doesn&#8217;t exist for de -Minimis imports, added it.</p>
<p>In 2024 alone, the United States accepted greater than 1.3 billion abroad that qualified for de Minimis <a href="https://www.cbp.gov/newsroom/national-media-release/cbp-proposes-new-rule-strengthen-enforcement-and-limit-duty" target="_blank">Tariff exceptions</a>by federal data.</p>
<p>In order to process so many latest programs, the federal government has to rent more customs agents, experts said.</p>
<p>At the start of February, nevertheless, Trump announced that the United States would start collecting tariffs with low value from overseas.</p>
<p>Trump&#39;s command only gave the US mail service a couple of days to implement a system to gather tariffs to thousands and thousands of small packages daily.</p>
<p>It also sowed the chaos throughout the international postal system and on February 4th with the announcement that USPS had suspended all package supply services from China and Hong Kong until further termination.</p>
<p>A day later, the postal service reversed the course and arrange the processing of the De Minimis packages. But no tariffs were collected on them.</p>
<p>Shortly afterwards, the Trump administration issued a change within the China arrangement and officially delayed all efforts to gather tariffs for de -Minimis imports until &#8220;appropriate systems are available in order to process them completely and expediently and to collect tariffs&#8221;.</p>
<p>The US mail service didn&#8217;t immediately answer a request for comment.</p>
<p>The White House arrange similar de -minimis declarations on Sunday <a href="https://www.whitehouse.gov/presidential-actions/2025/03/amendment-to-duties-to-address-the-flow-of-illicit-drugs-across-our-northern-border/" target="_blank">Canada</a> And <a href="https://www.whitehouse.gov/presidential-actions/2025/03/amendment-to-duties-to-address-the-situation-at-our-southern-border/" target="_blank">Mexico</a>before the brand new 25% tariffs are imposed.</p>
<p>It is unclear when a de -minimis tariff -collection system is in operation.</p>
<p>A spokeswoman for the US customs and border protection told CNBC: &#8220;The dynamic character of our mission and the developing threats and challenges requires that CBP remains flexible and quickly adapt and at the same time ensure seamless operations and mission resilience.&#8221;</p>
<p>But Anthony noticed that the delay for China was &#8220;open&#8221;.</p>
<p>&#8220;Part of the challenge is [federal] Personnel and bandwidth, &#8220;he said. Members and border protection may not have the personnel or resources available <a href="https://www.reuters.com/business/trump-signs-order-delaying-tariffs-de-minimis-imports-china-2025-02-07/" target="_blank">To address the brand new volume</a> Of programs and packages, he said.</p>
<p>Officials also need to determine how the submission is evaluated and paid and the way customs officers process tens of thousands and thousands of recent data points which are delivered by senders for every individual package, the experts said.</p>
<p>&#8220;Everyone can develop a good policy, but it is crucial whether this directive can actually be caused,&#8221; said Collinson.</p>
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<p><em>image credit : www.cnbc.com</em></p>
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		<title>Trump is received by Macron in Paris with presidential pomp and is accompanied by Zelensky to the talks</title>
		<link>https://bloggingthree.soflytech.com/2024/12/trump-is-received-by-macron-in-paris-with-presidential-pomp-and-is-accompanied-by-zelensky-to-the-talks/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Sat, 07 Dec 2024 22:28:19 +0000</pubDate>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[accompanied]]></category>
		<category><![CDATA[Macron]]></category>
		<category><![CDATA[Paris]]></category>
		<category><![CDATA[pomp]]></category>
		<category><![CDATA[presidential]]></category>
		<category><![CDATA[received]]></category>
		<category><![CDATA[talks]]></category>
		<category><![CDATA[Trump]]></category>
		<category><![CDATA[Zelensky]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=20498</guid>

					<description><![CDATA[French President Emmanuel Macron greeted Donald Trump in Paris on Saturday with a full dose of presidential pomp because the two held a swiftly arranged meeting with Ukrainian Volodymyr Zelensky before celebrating the grand reopening of Notre Dame Cathedral. On a day stuffed with pomp and a spotlight to pressing global issues, the once and [&#8230;]]]></description>
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<p>French President Emmanuel Macron greeted Donald Trump in Paris on Saturday with a full dose of presidential pomp because the two held a swiftly arranged meeting with Ukrainian Volodymyr Zelensky before celebrating the grand reopening of Notre Dame Cathedral.</p>
<p>On a day stuffed with pomp and a spotlight to pressing global issues, the once and future American president was warmly embraced by Macron upon his arrival on the Elysee Palace.</p>
<p>“It is a great honor for the French people to welcome you five years later,” Macron told Trump. “Welcome back.”</p>
<p>Trump said it was a &#8220;very great honor&#8221; to be there while noting the challenges ahead.</p>
<p>“It seems like the world is going a little crazy right now. And that’s what we’re going to talk about,” Trump said.</p>
<p>An actual red carpet was rolled out for Trump as Macron gave the diplomatic reception that France offers to the sitting American president, with trumpets blaring and members of the Republican Guard in full uniform. It was a transparent sign that Macron and other European leaders are already working to win his favor and treat him as America&#39;s representative on the world stage, even when Trump doesn&#39;t take office until January 20, 2025.</p>
<p>President Joe Biden declined an invite to attend the Notre Dame ceremony five years after a devastating fire, with the White House citing a scheduling conflict. In his place, First Lady Jill Biden served because the official US representative.</p>
<p>Macron and leaders across Europe are attempting to steer the elected president to proceed supporting Ukraine in its defense against Russian invasion. Macron&#39;s office said the war and conflicts within the Middle East could be discussed.</p>
<p>As Trump arrived on the French president&#39;s official residence, Macron went out of his approach to project a picture of close ties, shaking hands and giving cameras loads of pats on the back.</p>
<p>In a video later posted on X, Macron might be heard asking Trump: &#8220;Do you remember?&#8221; as each men entered a reception room.</p>
<p>“I remember,” Trump replied.</p>
<p>Trump spent about 90 minutes inside, first meeting with Macron before Zelensky joined them for about 35 minutes.</p>
<p>Macron had long planned to fulfill individually with Zelensky. The French president&#39;s office said the three-way talks were proposed by Macron and agreed upon shortly before Trump&#39;s arrival. Trump has promised to quickly end the war in Ukraine but has not specified how he would try this, raising concerns in Kiev about what terms is likely to be set for future negotiations.</p>
<p>An individual acquainted with Trump&#39;s plans said before the meeting was announced that while Trump and Zelensky attended the cathedral ceremony and surrounding events and were prone to interact, Trump&#39;s transition team had not worked with the Ukrainians to rearrange formal talks.</p>
<p>After the on-site meeting, a senior Trump transition official didn&#8217;t dispute the concept that it got here about on the last minute, but said it was &#8220;extensively discussed and agreed upon&#8221; and that Trump was &#8220;fully briefed&#8221; prematurely of the time.</p>
<p>According to a French official, the three leaders spoke in English and a translator was within the room.</p>
<p>Trump was accompanied to Paris by a small contingent of advisers that included recent chief of staff Susie Wiles, in addition to Steve Witkoff, a longtime friend and real estate investor whom Trump has named as his special envoy to the Middle East, and Massad Boulos, who&#8217;s Trump&#39;s father-in-law daughter Tiffany and can function senior advisor for Arab and Middle Eastern affairs.</p>
<p>Apparently the group didn&#8217;t include anyone who knew anything about Ukraine.</p>
<p>“United States, Ukraine and France. Together on this historic day. United for Notre Dame. Let us continue to work together for peace and security,” Macron then wrote on X.</p>
<p>Trump&#39;s victory last month raised doubts concerning the Biden administration&#39;s flow of cash and arms to Ukraine &#8211; aid was reinforced on Saturday by U.S. Defense Secretary Lloyd Austin&#39;s announcement of a $988 million package that will boost American military support increased to over $62 billion since Russia&#39;s invasion in February 2022.</p>
<p>Trump called Zelensky “the biggest salesman in the world” because he won billions in US aid. Trump also said he worked out a peace deal between Russia and Ukraine inside a day of taking office and promoted his good relations with Russian President Vladimir Putin.</p>
<p>To construct trust with the brand new US administration, Zelensky&#39;s top adviser Andriy Yermak met key members of Trump&#39;s team on a two-day trip to the US earlier this week.</p>
<p>According to 2 European officials acquainted with the matter, Macron argued that a defeat for Ukraine or a ceasefire with Russia on terms unfavorable to Ukraine could be seen as a loss for the US and even for Trump himself.</p>
<p>After arriving at Notre Dame for the ceremony, Trump was greeted by Macron and his wife Brigitte. He was assigned prime seats on the service, right between himself &#8211; a greater seat than Jill Biden, who sat on the opposite side of Brigitte Macron &#8211; and lots of current government and heads of state.</p>
<p>Inside, Trump also greeted Zelensky and Britain&#39;s Prince William, whom Trump later met on the British ambassador&#39;s residence in Paris. Trump was greeted within the foyer, shook the king&#39;s hand and said: &#8220;Good man, this.&#8221;</p>
<p>Trump told reporters that the Prince of Wales had done &#8220;a fantastic job&#8221; before the 2 met in a non-public room reserved for senior figures on the residence that was once the Paris city residence of Princess Pauline Borghese, the youngest , sat down and chatted with sister of French Emperor Napoleon Bonaparte.</p>
<p>According to the British Royal Palace, a separate meeting between Prince William and Jill Biden was also planned.</p>
<p>Elon Musk, the billionaire CEO of Tesla and</p>
<p>Macron, whose relationship with Trump has been up and down, has made some extent of maintaining their bond for the reason that Republican defeated Democrat Kamala Harris. Still, Macron&#39;s office played down the importance of the invitation, saying that other politicians who are actually out of office had also been invited.</p>
<p>Trump was invited because the elected president of a “friendly nation,” Macron’s office said, adding: “This is by no means exceptional, we’ve done this before.”</p>
<p>It is well-known that Trump revels in pomp and splendor. One of his first trips as president during his first term was to Paris, where Macron made him guest of honor at Bastille Day events. Trump later said he desired to repeat the big military parade within the United States.</p>
<p>Relations between France and the United States began quite amicably during Trump&#39;s first term in office, but became increasingly tense over time.</p>
<p>Macron was a guest of honor at Trump&#39;s first state dinner, and Trump traveled to France several times. But the connection suffered after Macron criticized Trump for questioning the necessity for NATO and casting doubt on America&#39;s commitment to the mutual defense pact.</p>
<p>During the 2024 presidential campaign, Trump often mocked Macron, imitating his accent and threatening to impose steep tariffs on bottles of wine and champagne shipped to the United States if France tried to tax American firms.</p>
<p>But Macron was considered one of the primary world leaders to congratulate Trump after the election last month.</p>
<p>As he accepted the invitation to Paris, Trump said Macron had “done a wonderful job making sure Notre Dame is back to its full glory and even more so. It will be a very special day for everyone!” Trump was president in 2019 when a hearth almost destroyed the 861-year-old landmark.</p>
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<p><em>image credit : www.cnbc.com</em></p>
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		<title>Cryptocurrencies rise as investors prepare for US presidential election, Bitcoin reclaims $70,000</title>
		<link>https://bloggingthree.soflytech.com/2024/11/cryptocurrencies-rise-as-investors-prepare-for-us-presidential-election-bitcoin-reclaims-70000/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Tue, 05 Nov 2024 14:49:29 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[Bitcoin]]></category>
		<category><![CDATA[cryptocurrencies]]></category>
		<category><![CDATA[election]]></category>
		<category><![CDATA[investors]]></category>
		<category><![CDATA[Prepare]]></category>
		<category><![CDATA[presidential]]></category>
		<category><![CDATA[reclaims]]></category>
		<category><![CDATA[rise]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=18590</guid>

					<description><![CDATA[Cryptocurrencies saw a slight increase as investors awaited the outcomes of the US presidential election. Bitcoin According to Coin Metrics, the value rose 3% to $70,053.56. ether was up 2% at $2,473.40. The token that&#8217;s sure to Solana increased by greater than 5%. Meanwhile, memecoins Dogecoin and the Shiba Inu coin rose 12% and eight%, [&#8230;]]]></description>
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<p>Cryptocurrencies saw a slight increase as investors awaited the outcomes of the US presidential election.</p>
<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-1">Bitcoin<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    According to Coin Metrics, the value rose 3% to $70,053.56. <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-2">ether<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    was up 2% at $2,473.40. The token that&#8217;s sure to <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-3">Solana<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    increased by greater than 5%. Meanwhile, memecoins <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-4">Dogecoin<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    and the Shiba Inu coin rose 12% and eight%, respectively.</p>
<p>The price of Bitcoin has increased <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-6">Microstrategy<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>which is usually traded as a high beta currency to the Bitcoin price, in addition to several mining stocks including <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-7">Mara Holdings<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>, <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-8">Riot Platforms<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    And <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-9">CleanSpark<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>. <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-10">Coinbase<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    increased by about 1%.</p>
<p>The race between Vice President Kamala Harris and former President Donald Trump for the following presidency is being called an important election within the lifetime of the crypto industry. Many view a Harris victory as a threat to cryptocurrency &#8211; the extent of which has been debated this election cycle. Trump, then again, is seen by many as a driving force within the industry after presenting himself as a pro-crypto candidate earlier this 12 months and courting the industry more directly than Harris.</p>
<p>Regardless of the eventual winner, Bitcoin is prone to survive and thrive, in response to Bernstein analyst Gautam Chhugani.</p>
<p>“Bitcoin continues to be the most resilient cryptocurrency to election results,” he said. “Bitcoin’s main drivers remain US fiscal indiscipline, record debt levels and monetary expansion, which is driving demand for hard assets like gold and Bitcoin. We believe that Bitcoin, which accounts for less than 0.1% of global financial assets, has enough room for growth regardless of the outcome.</p>
<p>Chhugani has a price target of $200,000 for Bitcoin in 2025, although he said Bitcoin could fall to $50,000 in the coming weeks in the event of a Harris victory. In the event of a Trump victory, he also expects a short-term increase to up to $90,000 this year.</p>
<p>The success around Bitcoin ETFs, which have seen more than $23 billion in inflows this year and have $67 billion in assets under management, will further accelerate the cryptocurrency&#39;s development, Chhugani added.</p>
<p>But it is the broader cryptocurrency market that could be at greater risk in this election.</p>
<p>“A constructive, crypto-friendly SEC would open up opportunities for all crypto assets beyond Bitcoin,” he said. “The key remains bipartisan support for crypto regulations (the outcome of the House and Senate is also important). And&#8230;if one side pushes for a crypto-friendly SEC. The Trump side has promised a crypto-friendly SEC, while the Harris side has promised that we will defend ownership of crypto assets, although the crypto community would have preferred a more specific crypto policy from Harris.”</p>
<p>Increasingly, there may be a growing consensus that while Trump could also be broadly the more favorable of the 2 candidates for crypto, a Harris presidency will not be as damaging as once feared. This fear stems from the hostility towards cryptocurrencies under the present administration &#8211; the Securities and Exchange Commission under Gary Gensler is notorious for refusing to supply clear guidelines for cryptocurrency firms that wish to comply with the principles and as an alternative has opted for regulation through enforcement motion; and Sen. Elizabeth Warren, D-Mass., has been vocal about her anti-crypto cause. </p>
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<p><em>image credit : www.cnbc.com</em></p>
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		<title>Twin storms are driving the climate into the US presidential election campaign</title>
		<link>https://bloggingthree.soflytech.com/2024/10/twin-storms-are-driving-the-climate-into-the-us-presidential-election-campaign/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Sun, 13 Oct 2024 21:38:15 +0000</pubDate>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[campaign]]></category>
		<category><![CDATA[Climate]]></category>
		<category><![CDATA[driving]]></category>
		<category><![CDATA[election]]></category>
		<category><![CDATA[presidential]]></category>
		<category><![CDATA[storms]]></category>
		<category><![CDATA[twin]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=17266</guid>

					<description><![CDATA[policy The back-to-back catastrophic Helene and Milton attacks within the southeastern US are reshaping the presidential race and putting climate disasters at the middle of the ultimate stretch of the dueling campaigns of Vice President Kamala Harris and former President Donald Trump. In interviews and speeches, on the campaign trail and on social media, Harris, [&#8230;]]]></description>
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<p>The back-to-back catastrophic Helene and Milton attacks within the southeastern US are reshaping the presidential race and putting climate disasters at the middle of the ultimate stretch of the dueling campaigns of Vice President Kamala Harris and former President Donald Trump.</p>
<p>In interviews and speeches, on the campaign trail and on social media, Harris, the Democratic candidate, and Republican Trump are increasingly talking in regards to the same thing—hurricanes and disaster relief—and in very other ways.</p>
<p>For Helene, disasters were the main focus of the campaign because the storm made landfall in Florida&#39;s Big Bend region on September 26 as a Category 4 storm before dumping historic rainfall inland that triggered deadly flooding, particularly within the West North Carolina. In the wake of the storm, Harris and Trump adjusted their travel plans to go to affected communities and so they increasingly talked about recovery efforts.</p>
<p>The threat of Milton, one other powerful hurricane that hit Florida as a Category 3 storm Wednesday evening, only heightened candidates&#39; attention to the difficulty.</p>
<p>Trump used the dual disasters to attack Harris and President Joe Biden over their response, spreading misinformation about it on his social media page Truth Social and in interviews and rally speeches. Trump falsely claimed that disaster relief funds can be diverted to migrants and that hurricane victims could only receive $750 in aid. He also claimed without evidence that the relief effort neglected Republican communities.</p>
<p>Meanwhile, Harris spends much of her time talking about hurricane preparedness, response and relief. The issue got here up when she appeared on ABC daytime talk show The View. She dismissed a few of Trump&#39;s baseless claims in regards to the government&#39;s post-Helene relief effort. She later called the Weather Channel to counter further misinformation about hurricanes. (Karoline Leavitt, a spokeswoman for the Trump campaign, told Bloomberg News: “The only misinformation is coming from the Harris-Biden administration.”)</p>
<p>The Harris campaign also released a brand new ad attacking Trump&#39;s handling of past disasters during his time as president. It highlights the map of the trail of Hurricane Dorian in 2019, which Trump famously altered with a Sharpie &#8211; a saga that became often called Sharpiegate. The ad features interviews with two former Trump officials highlighting his response to the storm. “He would propose not to provide disaster relief to states that did not vote for him,” Kevin Carroll, the lead attorney for former Homeland Security Secretary John Kelly, says within the ad.</p>
<p>Overwhelming scientific evidence shows that climate change is increasing the strength of hurricanes, making them intensify more quickly and bringing more rain.</p>
<p>Harris didn&#8217;t address the connection between the storms and global warming. And so far, she has not made climate a cornerstone of her campaign, although the Biden administration has left a major climate legacy and plenty of Democrats say global warming is amongst their top election priorities. She only touched on the difficulty briefly in her speech to the Democratic National Convention. In the talk with Trump, she briefly mentioned Biden&#39;s green initiatives before touting U.S. oil and gas production. Trump, who has called climate change a &#8220;hoax&#8221; up to now, has vowed to gut Biden&#39;s climate policies while disparaging clean energy technologies corresponding to wind power and electric vehicles.</p>
<p>Both candidates are actually talking about climate change, even in the event that they don&#39;t use those words, says Pete Maysmith, senior vp of campaigns on the LCV Action Fund, the election-related site of the League of Conservation Voters.</p>
<p>“I think sometimes there&#39;s a view that we need these magic words or we&#39;re not talking about climate change,” Maysmith says. &#8220;Of course we&#39;re talking about climate change.&#8221; (Similarly, he argues that Harris has already talked about it in her comments on wind energy, solar energy, automotive batteries and more.)</p>
<p>Environmental groups have followed the Harris campaign&#39;s lead on find out how to raise the difficulty of climate with voters by focusing their ad buys and other voter education efforts on how federal climate spending creates recent jobs and usually lowers energy costs, reasonably than to present the political details intimately. And now they&#39;re following suit and making hurricane news.</p>
<p>The LCV Action Fund recently posted a brief video on Instagram showing images and pictures of Helene&#39;s damage, with a voiceover from Trump saying: &#8220;When people speak about global warming, I say that the ocean inside will decrease by 100ths of an inch over the subsequent 400 years. This will not be our problem.” (Trump has made versions of this claim in campaign rallies and tv interviews.) The video has been viewed greater than 4 million times, partially because American musician Billie Eilish reposted it.</p>
<p>The advocacy group Climate Power released a video Thursday with rapper Big Freedia highlighting how Project 2025 — a conservative wish list for a second Trump presidency that Trump himself has rejected — proposes privatizing the National Weather Service, which raises warnings issues that Americans proceed to depend on to maintain Helene and Milton protected.</p>
<p>&#8220;The indisputable fact that Hurricane Milton became such a strong storm in such a brief time period shows that the climate crisis is here and shows through a really clear lens the fee to people &#8211; in lost lives, in lost homes, within the lack of…”corporations,” says Alex Glass, communications director at Climate Power.</p>
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		<title>Presidential immunity has clear limits, the special counsel filing says, and Trump needs to be tried for his efforts to overturn the 2020 election</title>
		<link>https://bloggingthree.soflytech.com/2024/10/presidential-immunity-has-clear-limits-the-special-counsel-filing-says-and-trump-needs-to-be-tried-for-his-efforts-to-overturn-the-2020-election/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Thu, 03 Oct 2024 18:26:15 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Clear]]></category>
		<category><![CDATA[counsel]]></category>
		<category><![CDATA[efforts]]></category>
		<category><![CDATA[election]]></category>
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		<category><![CDATA[immunity]]></category>
		<category><![CDATA[limits]]></category>
		<category><![CDATA[overturn]]></category>
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		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=16474</guid>

					<description><![CDATA[A brand new submission by Special Counsel Jack Smith within the Lawsuit he filed against Donald Trump for his alleged attempts to overturn the 2020 presidential election provides more detailed information and supports Smith&#39;s argument that Trump committed illegal acts as president to overturn his 2020 election loss. These acts, Smith argues, were adopted by [&#8230;]]]></description>
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<p><a href="https://www.documentcloud.org/documents/25182568-usa-v-trump-unsealed-govt-immunity-motion-1022024">A brand new submission</a> by Special Counsel Jack Smith within the <a href="https://www.washingtonpost.com/national-security/2024/10/02/jack-smith-filing-trump-immunity-jan-6/">Lawsuit he filed against Donald Trump</a> for his alleged attempts to overturn the 2020 presidential election provides more detailed information and supports Smith&#39;s argument that Trump committed illegal acts as president to overturn his 2020 election loss.</p>
<p>These acts, Smith argues, were adopted by Trump as a candidate for re-election and are due to this fact not covered by a 2024 Supreme Court opinion on the case, which said that President <a href="https://www.supremecourt.gov/opinions/23pdf/23-939_e2pg.pdf">Official acts should not subject to criminal prosecution</a> once they exercise their basic constitutional powers.</p>
<p>But are the actions that fall outside a president&#39;s core constitutional authority clearly defined? Smith&#39;s filing isn&#8217;t only relevant to his election subversion case against Trump in 2020, but can even likely have implications for the following and future President of the United States. The filing and the inevitable litigation that may ensue will help make clear exactly how far presidential immunity extends.</p>
<p>While disputes surrounding the Trump case will happen in court, Congress has and can proceed to have an underappreciated responsibility in defining and limiting presidential power. As <a href="https://search.asu.edu/profile/5158278">a constitutional lawyer</a> Anyone who studies government institutions and the way they work believes Congress has one <a href="https://www.visitthecapitol.gov/exhibition/congress-and-separation-powers">unique role</a> in shaping the balance of power between the three branches of presidency at this moment in history.</p>
<p>The Trump case and the <a href="https://supreme.justia.com/cases/federal/us/487/654/">precedent upon which it relies</a> Recognize that the president&#39;s most constitutionally suspect actions are people who exceed the outer limits of 1 branch&#39;s authority or undermine the powers of one other. For example, in considering the certification of the outcomes of a presidential election, the Court noted that Congress has enacted extensive laws and that the President plays no direct constitutional or statutory role in the method.</p>
<p>By acting inside its own constitutional legislative and regulatory powers, Congress can beat back against presidential power.</p>
<figure class="align-center zoomable">
<div class="placeholder-container" style="--aspect-ratio-percent:66.71087533156499%;--background-color:#5b7ca4"><img decoding="async" alt="A large white building with a columnar center section and wide marble steps." class="lazyload" src="https://images.theconversation.com/files/620801/original/file-20240920-16-2tjnua.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;fit=clip" srcset="https://images.theconversation.com/files/620801/original/file-20240920-16-2tjnua.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=1 600w, https://images.theconversation.com/files/620801/original/file-20240920-16-2tjnua.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=2 1200w, https://images.theconversation.com/files/620801/original/file-20240920-16-2tjnua.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=3 1800w, https://images.theconversation.com/files/620801/original/file-20240920-16-2tjnua.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=1 754w, https://images.theconversation.com/files/620801/original/file-20240920-16-2tjnua.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=2 1508w, https://images.theconversation.com/files/620801/original/file-20240920-16-2tjnua.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=3 2262w" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px"></div><figcaption>
              <span class="caption">The Supreme Court ruled in July 2024 that the US president is immune from prosecution when carrying out core functions.</span><br />
              <span class="attribution"><a class="source" href="https://www.gettyimages.com/detail/news-photo/the-us-supreme-court-on-july-1-in-washington-dc-the-us-news-photo/2159543450?adppopup=true">Drew Angerer/AFP via Getty Images</a></span><br />
            </figcaption></figure>
<h2>“Twilight Zone”</h2>
<p>In August 2023, a federal grand jury indicted Trump on 4 counts of conduct related to the conspiracy to overturn the November 2020 presidential election. </p>
<p>Trump denied the fees and claimed that the president enjoyed absolute immunity from prosecution for official actions taken while in office. The case ended up within the Supreme Court, and the court issued its now famous immunity ruling, saying: “<a href="https://www.supremecourt.gov/opinions/23pdf/23-939_e2pg.pdf">The court comes to this conclusion</a> that the President is absolutely immune from criminal prosecution for conduct within his exclusive constitutional authority.” </p>
<p>But not the entire president&#39;s actions fall under these core powers. The court distinguished between <a href="https://crsreports.congress.gov/product/pdf/LSB/LSB11194">three types</a> of presidential actions.</p>
<p>Some measures clearly fall throughout the exclusive constitutional powers of the President. These duties include serving as commander in chief, recognizing foreign governments, and signing or vetoing bills passed by Congress. Presidential actions under this authority are subject to completely no criminal prosecution.</p>
<p>At the opposite end of the spectrum, some actions are clearly outside the president&#39;s constitutional authority. For example, if a president <a href="https://www.fec.gov/help-candidates-and-committees/registering-candidate/">files for re-election or sets up a campaign committee</a>The President acts as a candidate and never because the occupant of the office of President. There are <a href="https://supreme.justia.com/cases/federal/us/520/681/">no immunity</a> for these actions.</p>
<p>But sometimes the president acts in ways in which the Supreme Court calls “<a href="https://supreme.justia.com/cases/federal/us/343/579/">Zone of Twilight</a>“, where the President and Congress share authority or in areas that lie throughout the external boundaries of the presidency.  </p>
<p>For example, though this responsibility isn&#8217;t explicitly stated within the Constitution, when the President addresses the nation from the Oval Office to update the American people on vital events, he&#8217;s acting in his official capability. </p>
<p>In these “zone of twilight” cases, prosecution cannot impede the president’s ability to do his job. That means the president enjoys immunity unless the prosecutor can prove that the prosecution won&#8217;t upset the balance of power between the three branches of presidency. </p>
<h2>Why immunity?</h2>
<p>The fundamental reason for granting immunity to public officials, including prosecutors and judges, is that this <a href="https://supreme.justia.com/cases/federal/us/444/193/">enable them</a> to serve the general public without risking criminal punishment for doing what they imagine best serves the country. Possible criminal liability <a href="https://supreme.justia.com/cases/federal/us/500/478/">increases the chance</a> that public officials would make decisions based on threats from political opponents reasonably than exercising the independent judgment needed for effective public service.</p>
<p>Fear of political threats is a specific concern for the president. As the court explained within the Trump case without immunity, <a href="https://www.supremecourt.gov/opinions/23pdf/23-939_e2pg.pdf">“The president would be deterred if he took the bold and thoughtless action</a>&#39;” required by the office. </p>
<p>Unlike other federal offices within the U.S. constitutional system, the presidency consists of 1 <a href="https://www.supremecourt.gov/opinions/19pdf/19-715_febh.pdf">entire industry</a> of presidency, often known as the manager branch. Previous Supreme Court decisions have recognized the duties of the president: “<a href="https://www.supremecourt.gov/opinions/19pdf/19-635_o7jq.pdf">of incomparable weight and breadth</a>” by the president doing that <a href="https://supreme.justia.com/cases/federal/us/457/731/">most sensitive and far-reaching</a> Decisions entrusted to an elected official.</p>
<p>The president is <a href="https://constitutioncenter.org/the-constitution/articles/article-ii/clauses/347">clothed</a> with the manager power of the United States and serves as <a href="https://www.jstor.org/stable/1173941">Leader of the nation</a> in politics and foreign and domestic policy. And it&#39;s the president&#39;s job <a href="https://supreme.justia.com/cases/federal/us/569/290/">much more complex</a> than the drafters of the Constitution could have imagined within the 18th century.</p>
<p>The modern executive branch includes <a href="https://www.acus.gov/sites/default/files/documents/ACUS%20Sourcebook%20of%20Executive%20Agenices%202d%20ed.%20508%20Compliant.pdf">Hundreds of agencies and thousands and thousands of federal employees</a> who help the President implement the law. As a result, the President <a href="https://www.cambridge.org/us/universitypress/subjects/politics-international-relations/american-government-politics-and-policy/bitter-harvest-fdr-presidential-power-and-growth-presidential-branch?format=PB&#038;isbn=9780521653954">more political and policy advisors</a> than anyone else in government. The promise of immunity helps these advisors <a href="https://supreme.justia.com/cases/federal/us/418/683/">provides the president</a> differentiated information on politics and politics. </p>
<p>And while expanding executive power may appear to be a contemporary phenomenon, concerns about expanding executive power are nothing latest. In fact, firstly of President George Washington&#39;s second term <a href="https://scholarship.law.umn.edu/cgi/viewcontent.cgi?article=1052&#038;context=faculty_articles">Benjamin Franklin</a> &#8220;was speechless with astonishment at the sentiments&#8230;that the executive branch alone should have the right to decide what should be kept secret and what should be made public.&#8221;  </p>
<p>This raises the query: How does Congress write laws and oversee their implementation in a constitutionally, legally, and historically established world during which the president wields such power?</p>
<figure class="align-center zoomable">
<div class="placeholder-container" style="--aspect-ratio-percent:66.71087533156499%;--background-color:#304854"><img decoding="async" alt="A man and a woman shake hands on a stage." class="lazyload" src="https://images.theconversation.com/files/620803/original/file-20240920-22-7krrmz.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;fit=clip" srcset="https://images.theconversation.com/files/620803/original/file-20240920-22-7krrmz.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=1 600w, https://images.theconversation.com/files/620803/original/file-20240920-22-7krrmz.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=2 1200w, https://images.theconversation.com/files/620803/original/file-20240920-22-7krrmz.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=3 1800w, https://images.theconversation.com/files/620803/original/file-20240920-22-7krrmz.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=1 754w, https://images.theconversation.com/files/620803/original/file-20240920-22-7krrmz.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=2 1508w, https://images.theconversation.com/files/620803/original/file-20240920-22-7krrmz.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=3 2262w" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px"></div><figcaption>
              <span class="caption">The next president of the United States &#8211; either Donald Trump or Kamala Harris &#8211; will take office under latest legal rules set by the Supreme Court in 2024.</span><br />
              <span class="attribution"><a class="source" href="https://www.gettyimages.com/detail/news-photo/vice-president-and-democratic-presidential-candidate-kamala-news-photo/2170583836?adppopup=true">Saul Loeb/AFP via Getty Images</a></span><br />
            </figcaption></figure>
<h2>What are the bounds?</h2>
<p>While the phrase “separation of powers” ​​has long been used to explain the U.S. system of presidency, U.S. legal history shows that the American constitutional system is certainly one of them <a href="https://scholarship.law.unc.edu/cgi/viewcontent.cgi?article=3093&#038;context=nclr">shared, not separate, powers</a>.  </p>
<p>Presidential immunity is entirely related to this. So, in line with the Supreme Court&#39;s 2024 ruling, it isn&#8217;t as much as the president to come to a decision which of his actions on this &#8220;zone of twilight&#8221; receive immunity and which don&#8217;t. </p>
<p>That&#39;s a matter for the courts and Congress.</p>
<p>Here&#39;s how it really works: The extent of the president&#39;s immunity will depend on the selections of the federal judiciary <a href="https://www.lawfaremedia.org/article/don-t-overread-the-court-s-immunity-opinion">what matters</a> official and unofficial actions. First formulated by the Supreme Court in <a href="https://supreme.justia.com/cases/federal/us/5/137/">1803</a>It is the job of the judiciary to “say what the law is.”</p>
<p>But Congress writes the law. And Congress oversees how the president implements it.</p>
<p>Congress has investigated the conduct of <a href="https://onlinelibrary.wiley.com/doi/abs/10.1111/psq.12714?casa_token=2fwi-j_e69YAAAAA%3Atz7KPvBg_a9PM8MEQ3Rt7ty3LaemzAzuLURxV6sj5nmD8XyikCwcMshbbpAO3AE9_Zafn5eClHgNnkM">not less than 15</a> current or former presidents. For example, congressional investigations into the Watergate scandal uncovered crucial evidence of President Nixon&#39;s illegal actions and ultimately led to his resignation. </p>
<p>In doing so, Congress relied by itself constitutional authority <a href="https://scholarship.law.marquette.edu/mulr/vol98/iss2/6">process-like instruments</a> to make clear presidential actions that fall outside of the president&#39;s official duties or within the &#8220;twilight zone.&#8221;</p>
<p>Not only did these investigations inform the general public concerning the president&#39;s actions, in addition they helped Congress maintain its position in America&#39;s divided-powers constitutional system.</p>
<p>In a legal world where presidential immunity is defined partially based on the balance of power between the three branches of presidency, this can&#8217;t be a nasty thing.</p>
</p></div>
<p><em>image credit : theconversation.com</em></p>
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		<title>Vice presidential debate: How Silicon Valley and other Californians might see a Vance-Walz duel</title>
		<link>https://bloggingthree.soflytech.com/2024/10/vice-presidential-debate-how-silicon-valley-and-other-californians-might-see-a-vance-walz-duel/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Tue, 01 Oct 2024 13:47:47 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Californians]]></category>
		<category><![CDATA[debate]]></category>
		<category><![CDATA[duel]]></category>
		<category><![CDATA[presidential]]></category>
		<category><![CDATA[Silicon]]></category>
		<category><![CDATA[Valley]]></category>
		<category><![CDATA[VanceWalz]]></category>
		<category><![CDATA[vice]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=16270</guid>

					<description><![CDATA[When the vice presidential candidates take the controversy stage in New York on Tuesday night, each could fundamentally appeal to a particular group of Californians. Republican U.S. Sen. JD Vance of Ohio is a Catholic conservative who briefly worked as a enterprise capitalist in Silicon Valley. Democratic Gov. Tim Walz of Minnesota is a liberal [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><img decoding="async" src="https://www.mercurynews.com/wp-content/uploads/2024/09/AP24269032985904.jpg?w=1400px&amp;strip=all" /></p>
<p>When the vice presidential candidates take the controversy stage in New York on Tuesday night, each could fundamentally appeal to a particular group of Californians.</p>
<p>Republican U.S. Sen. JD Vance of Ohio is a Catholic conservative who briefly worked as a enterprise capitalist in Silicon Valley. Democratic Gov. Tim Walz of Minnesota is a liberal who once advised — and was appointed to — a highschool LGBTQ club <a href="https://thehill.com/homenews/campaign/4905815-tom-emmer-tim-walz-like-gavin-newsom-flannel-shirt/">“Gavin Newsom in a flannel shirt”</a> by opponents.</p>
<p><strong>RELATED: Election 2024: How to observe the vice presidential debate</strong></p>
<p>Vice presidential debates made little difference on Election Day, let alone the secondary candidates themselves. Remember U.S. Sen. Lloyd Bentsen&#39;s letter to Dan Quayle in 1988? “Senator, you are no Jack Kennedy.” The Bush-Quayle ticket still won by a landslide.</p>
<p>But with the race between Vice President Kamala Harris and former President Donald Trump exceptionally close, there&#39;s a probability things might be different this 12 months.</p>
<p>“This is such a close race, with these razor-thin margins in the swing states, that it doesn&#39;t take much to make a difference,” said Melissa Michelson, a political science professor at Menlo College. “So if something big happens in the debate and it only moves a handful of people and a handful of districts in one of these states, that could certainly theoretically be significant.”</p>
<p>The pressure is especially on Vance, especially after Trump lost his only debate with Harris last month.</p>
<p>Vance&#39;s debunked claims that Haitian immigrants in his Springfield, Ohio, district were stealing and eating pets led to Trump&#39;s memorable claims on the controversy stage: &#8220;They eat the dogs! They eat the cats!&#8221; <strong>—</strong> which is now being made into viral memes.</p>
<p>The topic is more likely to come up again when &#8220;CBS Evening News&#8221; anchor Norah O&#39;Donnell and &#8220;Face the Nation&#39;s&#8221; Margaret Brennan ask Vance about his comment to CNN&#39;s Dana Bash that he was willing to &#8220;create stories, in order that the American media actually reaches them.” pays attention.”</p>
<p>While it could look like a straightforward win for Walz, it&#39;s tricky territory.</p>
<p>“If they mock it and say that Vance admitted he made that statement up, then Vance can talk even more about immigration and the border, which is not good for the Harris-Walz campaign,” Michelson said from Menlo College. “Regardless of Harris&#39; visit to the border, this is an issue where most people believe Trump is pursuing tougher policies, and many people are concerned about immigrants and what a continued influx of immigrants into the United States will do to the United States Economy means.” .”</p>
<p>In a race that, like 2020, could come all the way down to fewer than 44,000 voters in six or seven swing states, every vote counts. The economy and abortion are more likely to be two major issues addressed Tuesday night — and each candidates will work to appeal to coveted suburban women voters. Vance will likely point to Trump&#39;s years in office, when rates of interest and inflation were lower. Walz will likely remind voters that Trump appointed Supreme Court justices who overturned Roe vs. Wade and point to Vance&#39;s support of a national abortion ban.</p>
<p>In addition to their politics, Vance and Walz also bring very different personalities to the stage.</p>
<p>Vance is 40, a Yale Law graduate and bestselling creator of “Hillbilly Elegy,” about his difficult childhood in Appalachia and Ohio. After Vance met Paypal co-founder Peter Thiel during a Yale speech, he moved to the Bay Area in 2013 to work at biotech company Circuit Therapeutics. On Thiel&#39;s suggestion, he was hired by VC firm Mithril Capital in 2016. His California connections have grow to be billionaire donors who helped persuade Trump to sign Vance in the primary place.</p>
<p>Vance was an early Trump critic &#8211; one other possible topic of dialogue &#8211; but says Trump&#39;s time in office has convinced him otherwise. He appears polished and aggressive and likes to debate.</p>
<p>David McCuan, a political science professor at Sonoma State University, said Vance must persuade viewers that &#8220;these Silicon Valley zillionaires&#8221; who support him &#8220;are like every other American.&#8221;</p>
<p>“It&#39;s not an enviable place because even though Harris and the Democrats have raised a lot of money and are hanging out with a lot of wealthy Democratic donors a la Barack Obama, they&#39;ve been able to mitigate a lot of that criticism by pointing out the craziness of the crypto crowd and the Elon “Musk crowd and connect those groups together,” McCuan said.</p>
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<p>Walz, a former highschool social studies teacher and football coach, advocated at no cost breakfast and lunch for all public school children in Minnesota. He served within the Army National Guard for twenty-four years, but was criticized for withdrawing from the service in 2005 to run for Congress despite knowing his unit might be deployed to Iraq, which occurred nearly a 12 months later was the case. He has also faced criticism for his strict COVID restrictions and the George Floyd protests that originated in his state.</p>
<p>He&#39;s 60, seems folksy, has posted videos along with his daughter on the Minnesota State Fair and has added the term &#8220;weird&#8221; against Trump and Vance to the Democratic campaign lexicon.</p>
<p>Walz has a transparent task to satisfy during Tuesday&#39;s debate, which begins at 6 p.m. PDT and can air concurrently on Fox and MSNBC, &#8220;which is to reach out to rural voters that Democrats have struggled to connect with.&#8221; said USC professor and political analyst Dan Schnur.</p>
<p>“Harris didn’t make a big effort in that direction in her debate,” Schnur said. “So that falls to Waltz.”</p>
<p>Walz, like Vance, is a substitute for his No. 1. And Walz&#39;s boss is Harris — a Berkeley native who spent her profession as a prosecutor in Oakland and San Francisco before winning statewide offices as attorney general after which as a U.S. senator. San Francisco, whose problems with homelessness and shoplifting make national headlines, has been a relentless political pit, especially through the Trump years. It might be like that again on Tuesday.</p>
<p>“Vance is a pretty good debater<strong>, </strong>He’s pretty smart,” said Bill Whalen, a research fellow on the Hoover Institution. “But what if it’s too hot and too intense? People won&#39;t like him. Walz is a guy next door, he has this kind of barbecue in mind. But what if he has too much caffeine? Maybe he&#39;s overdoing it somehow. It’s all about how they perform, not how we expect them to perform.”</p>
<p><em>image credit : www.mercurynews.com</em></p>
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		<title>Who&#8217;s Tim Walz? Understanding the Minnesota Democratic-Farmer-Labor Party can assist understand the vice presidential nominee</title>
		<link>https://bloggingthree.soflytech.com/2024/09/whos-tim-walz-understanding-the-minnesota-democratic-farmer-labor-party-can-assist-understand-the-vice-presidential-nominee/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Sun, 29 Sep 2024 17:19:56 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[DemocraticFarmerLabor]]></category>
		<category><![CDATA[Minnesota]]></category>
		<category><![CDATA[nominee]]></category>
		<category><![CDATA[Party]]></category>
		<category><![CDATA[presidential]]></category>
		<category><![CDATA[Tim]]></category>
		<category><![CDATA[understand]]></category>
		<category><![CDATA[understanding]]></category>
		<category><![CDATA[vice]]></category>
		<category><![CDATA[Walz]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=16101</guid>

					<description><![CDATA[Since Democratic presidential candidate Kamala Harris selected Tim Walz As her candidate to run in August 2024, political commentators have offered different interpretations of Walz – he&#8217;s pragmatic or progressivecentrist or radicala grassroots leftist or a mainstream Democrat? Walz could have a possibility to talk on to voters and possibly explain who he&#8217;s and what [&#8230;]]]></description>
										<content:encoded><![CDATA[<p></p>
<div itemprop="articleBody">
<p>Since Democratic presidential candidate Kamala Harris <a href="https://apnews.com/article/tim-walz-democratic-national-convention-dd8f281f5dc53c4e9e504fbad5c4f672">selected Tim Walz</a> As her candidate to run in August 2024, political commentators have offered <a href="https://www.politico.com/news/magazine/2024/08/06/tim-walz-55-things-harris-vp-00172790">different interpretations of Walz</a> – he&#8217;s pragmatic <a href="https://www.politico.com/news/2024/08/13/walz-antidote-culture-wars-election-00173892">or progressive</a>centrist <a href="https://thehill.com/homenews/campaign/4817518-minnesota-governor-tim-walz-progressive-record/">or radical</a>a grassroots leftist or a mainstream Democrat? </p>
<p>Walz could have a possibility to talk on to voters and possibly explain who he&#8217;s and what he stands for when he <a href="https://thehill.com/homenews/media/4896026-vance-walz-vp-debate-cbs-trump-harris/">debates Republican candidate JD Vance</a> on Oct. 1, 2024. </p>
<p>I&#8217;m a <a href="https://www.bu.edu/religion/faculty/gabriel-paxton/">Scholar of populist politics</a> in North America, and I understand why it&#39;s difficult to define where Walz suits into the Democratic Party. </p>
<p>On the one hand, Walz is a shock to the Democratic Party, which regularly supports elite, moderate politicians from each coasts of the country. Walz is a former public school teacher who graduated from a public college in Nebraska — and he&#39;s not afraid to embrace the nickname &#8220;A.&#8221; <a href="https://www.npr.org/2024/08/09/nx-s1-5068291/tim-walz-kamala-harris-vice-president-2024-trump-minnesota">&#8220;progressive&#8221;</a> which some Democrats reject to avoid false comparisons with socialists. </p>
<p>As <a href="https://www.realclearpolitics.com/video/2024/08/06/gov_tim_walz_on_white_dudes_for_kamala_harris_call_one_persons_socialism_is_another_persons_neighborliness.html">Walz said</a> in a fundraising appeal for Harris in August 2024: “Never shy away from our progressive values. One man’s socialism is another man’s neighborhood.” </p>
<p>Still, Walz differs from many other progressives within the Democratic Party. He is a gun owner and hunter – and was one in every of them <a href="https://www.huffpost.com/entry/tim-walz-from-firearm-enthusiast-to-gun-reform-champion_n_66b2b701e4b0551015a18467">“Best recordings in the congress”</a> when he represented Minnesota in Washington, as people will remember. He uses sports metaphors to convey his messages, <a href="https://www.nytimes.com/2024/08/22/us/politics/tim-walz-dnc.html">Democrats gather</a> for instance, behind a “fourth quarter” comeback within the election. </p>
<p>But these seeming contradictions make sense if you consider that Walz follows a wealthy lineage of Midwestern progressive politics that begins with the <a href="https://dfl.org">Minnesota Democratic Farmer-Labor Party</a>a state branch of the Democratic Party that maintains the traditions and values ​​of populist farmer politics within the American Midwest.</p>
<figure class="align-center zoomable">
<div class="placeholder-container" style="--aspect-ratio-percent:66.71087533156499%;--background-color:#554730"><img decoding="async" alt="A white man wearing a brown blazer raises his arm and gestures as people clap near him. He stands in front of flags in an interior." class="lazyload" src="https://images.theconversation.com/files/621699/original/file-20240925-16-xhh6h9.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;fit=clip" srcset="https://images.theconversation.com/files/621699/original/file-20240925-16-xhh6h9.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=1 600w, https://images.theconversation.com/files/621699/original/file-20240925-16-xhh6h9.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=2 1200w, https://images.theconversation.com/files/621699/original/file-20240925-16-xhh6h9.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=3 1800w, https://images.theconversation.com/files/621699/original/file-20240925-16-xhh6h9.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=1 754w, https://images.theconversation.com/files/621699/original/file-20240925-16-xhh6h9.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=2 1508w, https://images.theconversation.com/files/621699/original/file-20240925-16-xhh6h9.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=3 2262w" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px"></div><figcaption>
              <span class="caption">Tim Walz speaks during his campaign for governor of Minnesota in St. Paul in September 2018.</span><br />
              <span class="attribution"><a class="source" href="https://www.gettyimages.com/detail/news-photo/minnesota-u-s-first-district-representative-and-democratic-news-photo/2174247080?adppopup=true">Anthony Souffle/Minnesota Star Tribune via Getty Images</a></span><br />
            </figcaption></figure>
<h2>Farmer-Labor&#39;s roots within the Midwest</h2>
<p>The Minnesota Democratic-Farmer-Labor Party is one in every of the primary major recognized political parties within the state. It began greater than 100 years ago as a type of populist protest against the harm that industrialization and urbanization inflicted on rural farmers on the turn of the twentieth century. </p>
<p>In the late nineteenth century, political movements similar to <a href="https://www.britannica.com/event/Granger-movement">the Grangers</a> and the <a href="https://www.britannica.com/topic/Farmers-Alliance">Peasant alliances</a> organized to attract attention to falling crop prices, rising railway fees for transporting crops and the monopolization of the agricultural industry.</p>
<p>In Minnesota, these farmer protest groups joined with American unions to construct a 3rd alternative to the Democrats and Republicans. This recent group referred to as the <a href="https://voteview.com/parties/537/farmer-labor-party">Farmers-Workers Party</a>Founded in 1918 to represent the interests of the agricultural population. The Farmer-Labor Party called on state officials to legalize union protections and offer subsidies to farmers, and unsuccessfully tried to bring private utilities and extractive industries under state control. </p>
<p>The Farmer-Labor Party was ideologically diverse &#8211; sometimes flawed &#8211; and united a variety of activists, even socialists, with the common goal of protecting working people. In 1936, the Farmer-Labor Party dynamic caught the eye of President Franklin D. Roosevelt and have become one <a href="https://www.mnopedia.org/minnesota-farmer-labor-party-1924-1944">Key member</a> his New Deal coalition. </p>
<p>For a lot of the Twenties and Nineteen Thirties, Farmer-Labor challenged the Democratic Party with its more progressive ideas. However, under the leadership of former Vice President Hubert Humphrey, the party merged with the more moderate Minnesota Democratic Party in 1944 to form the Minnesota Democratic-Farmer-Labor Party. </p>
<p>Over the following few many years, the Democratic-Farmer-Labor Party pushed for pragmatic and progressive policies inside the state Democratic Party. The movement&#39;s grassroots message focuses on protecting the country&#39;s rural backbone. </p>
<p>Influential politicians from Minnesota &#8211; including US Senator. <a href="https://www.britannica.com/biography/Paul-David-Wellstone">Paul Wellstone</a>who advocated for environmental protection and picketed with Midwestern staff before his death in 2002 — was a member of the party. </p>
<h2>The ideas behind farmer laborism</h2>
<p>Today, the Minnesota Democratic-Farmer-Labor Party shares a lot of its platforms and policy positions with the national Democratic Party.</p>
<p>But Farmer-Labor&#39;s politics are characterised by the party&#39;s adoption of a Midwestern working-class identity and its opposition to monopolies, business elites and corrupt governments. </p>
<p>Among other political parties within the Midwest, similar to the Libertarian Party of Minnesota, Farmer-Labor is one of the progressive and successful. The party helped get through <a href="https://www.usatoday.com/story/news/politics/elections/2024/08/06/minnesota-democratic-farmer-labor-party-vp-pick-tim-walz/74688152007/">recent progressive laws</a>similar to a public medical insurance plan and a general free school lunch policy. </p>
<p>Walz&#39;s predecessors within the farmer-labor movement also successfully spoke out against economic and political injustices from a position inside the working class and agrarian communities. Like walz, this movement <a href="https://jacobin.com/2023/10/populism-gilded-age-farmers-alliance-peoples-party-trump-review">took a populist stance against political and economic elites</a>.</p>
<p>This Farmer-Labour tradition is in some ways a counterpart to the conservative populism that&#8217;s popular today. Unlike Trump&#39;s appeal to Middle America, this Minnesota-variety populism was not an attempt to save lots of white Christian masculinity. Instead, it was an actual recognition that working people—particularly those in Central America—needed to actively resist economic inequality and forces that threatened the center class.</p>
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<div class="placeholder-container" style="--aspect-ratio-percent:66.71087533156499%;--background-color:#5a4d34"><img decoding="async" alt="T-shirts can be seen on a wall with the banner “Democratic-Farmer-Labor Party,” and there are numbers next to the different T-shirts" class="lazyload" src="https://images.theconversation.com/files/621709/original/file-20240925-16-pr8zpi.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;fit=clip" srcset="https://images.theconversation.com/files/621709/original/file-20240925-16-pr8zpi.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=1 600w, https://images.theconversation.com/files/621709/original/file-20240925-16-pr8zpi.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=2 1200w, https://images.theconversation.com/files/621709/original/file-20240925-16-pr8zpi.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=3 1800w, https://images.theconversation.com/files/621709/original/file-20240925-16-pr8zpi.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=1 754w, https://images.theconversation.com/files/621709/original/file-20240925-16-pr8zpi.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=2 1508w, https://images.theconversation.com/files/621709/original/file-20240925-16-pr8zpi.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=3 2262w" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px"></div><figcaption>
              <span class="caption">T-shirts were on the market on the Democratic-Farmer-Labor Party booth on the Minnesota State Fair in Falcon Heights in August 2023.</span><br />
              <span class="attribution"><a class="source" href="https://www.gettyimages.com/detail/news-photo/falcon-heights-minnesota-t-shirts-for-sale-at-the-dfl-booth-news-photo/1990677645?adppopup=true">Michael Silk UCG/Universal Images Group via Getty Images</a></span><br />
            </figcaption></figure>
<h2>The forgotten meaning of farmer-laboratory</h2>
<p>It&#39;s still difficult for some people to position Walz and the Democratic-Farmer-Labor Party inside the national Democratic Party. </p>
<p>This is partly since the Democratic Party has marginalized rural and working-class voters in recent many years. In 2016, the Democratic Party made the <a href="https://www.theatlantic.com/politics/archive/2016/11/trumps-road-to-victory/507203/">Strategic mistake</a> There wasn&#39;t enough deal with the Midwest &#8211; and Democratic presidential candidate Hillary Clinton lost the Electoral College in key Midwestern states, including <a href="https://www.vox.com/policy-and-politics/2016/11/8/13563106/election-map-historical-vote">Wisconsin and Michigan</a>. </p>
<p>President Joe Biden regained the support of some voters within the Midwest and <a href="https://www.270towin.com/maps/2020-actual-electoral-map">won Michigan and Wisconsin</a> in 2020. </p>
<p>In the 2024 election, the Democratic Party presents voters with Walz who can speak concerning the American dream from a well-recognized perspective. Walz embraces unions beyond lip service, chastises corporate greed and doesn&#39;t shrink back from rural voters, even in the event that they have cultural differences.</p>
<p>American voters said in September that they see it <a href="https://www.pewresearch.org/short-reads/2024/09/17/americans-view-walz-more-positively-than-vance-but-many-arent-familiar-with-either-vp-nominee/">Walz is barely cheaper than Republican candidate JD Vance</a>although they are saying they don&#39;t know either candidate well. The debate is meant to present voters a possibility to learn more about Minnesota&#39;s popular governor. </p>
<p>Conservatives, meanwhile, have tried to portray Walz as someone who&#8230; <a href="https://time.com/7009644/tim-walz-midwest-jd-vance/">progressive political challenge</a> the culture of rural American life. I&#8217;d argue that the reality is much from that. Instead, Walz, just like the Democratic-Farmer-Labor Party and a few of the rural activists it has produced, seeks to decouple small-town politics from the politics of fear and cultural isolation.</p>
</p></div>
<p><em>image credit : theconversation.com</em></p>
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		<title>Fed cuts key rate of interest by half a percentage point – what this implies for the economy and the presidential election</title>
		<link>https://bloggingthree.soflytech.com/2024/09/fed-cuts-key-rate-of-interest-by-half-a-percentage-point-what-this-implies-for-the-economy-and-the-presidential-election/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Thu, 19 Sep 2024 00:20:47 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[cuts]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[election]]></category>
		<category><![CDATA[Fed]]></category>
		<category><![CDATA[interest]]></category>
		<category><![CDATA[Key]]></category>
		<category><![CDATA[means]]></category>
		<category><![CDATA[percentage]]></category>
		<category><![CDATA[point]]></category>
		<category><![CDATA[presidential]]></category>
		<category><![CDATA[rate]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=15121</guid>

					<description><![CDATA[What does the Fed’s rate of interest cut say in regards to the state of the economy? The The Federal Reserve has two mandates: to maintain inflation on the goal of around 2% and to maintain unemployment low. And the central bank balances this dual mandate when it considers raising, lowering or leaving rates of [&#8230;]]]></description>
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<h2>What does the Fed’s rate of interest cut say in regards to the state of the economy?</h2>
<p>The <a href="https://www.federalreserve.gov/newsevents/speech/cook20240325a.htm">The Federal Reserve has two mandates</a>: to maintain inflation on the goal of around 2% and to maintain unemployment low. And the central bank balances this dual mandate when it considers raising, lowering or leaving rates of interest unchanged.</p>
<p>For a while now, policymakers have been focused on getting inflation under control through a series of rate of interest hikes. The Fed&#39;s benchmark rate of interest was raised from 0 to 0.25 percent in early 2022 to five.25 to five.5 percent in September 2024.</p>
<p>I feel what motivated them to chop the rate of interest by half a percentage point now – as an alternative of the quarter point that <a href="https://finance.yahoo.com/news/traders-lock-fed-bets-rate-090620460.html">some expected</a> – is the labor market. The labor market is just not exactly shaky – <a href="https://www.bls.gov/news.release/pdf/empsit.pdf">Unemployment is currently at 4.2%</a> – but it surely isn&#8217;t any longer as robust because it was.</p>
<p>The latest employment figures were barely below expectations. And some economists say that <a href="https://www.economist.com/finance-and-economics/2024/08/22/is-america-already-in-recession">A recession is imminent</a>In fact, there are some who say that the United States is <a href="https://www.businessinsider.com/personal-finance/investing/are-we-in-a-recession">already in a recession</a>.</p>
<p>So I believe that nearly all of the Fed&#39;s rate-setting panel was more convinced by the recent unemployment figures than by inflation. As for its dual mandate, the Fed obviously believes it has the fight against inflation under control and has subsequently turned to its second concern, namely reducing unemployment. </p>
<figure class="align-center ">
<div class="placeholder-container" style="--aspect-ratio-percent:68.43501326259947%;--background-color:#4f2e31"><img decoding="async" alt="A trader sits at his desk watching something while a Fed press conference is playing on television in the background." class="lazyload" src="https://images.theconversation.com/files/620293/original/file-20240918-16-4oag8o.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;fit=clip" srcset="https://images.theconversation.com/files/620293/original/file-20240918-16-4oag8o.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=600&#038;h=410&#038;fit=crop&#038;dpr=1 600w, https://images.theconversation.com/files/620293/original/file-20240918-16-4oag8o.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=600&#038;h=410&#038;fit=crop&#038;dpr=2 1200w, https://images.theconversation.com/files/620293/original/file-20240918-16-4oag8o.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=600&#038;h=410&#038;fit=crop&#038;dpr=3 1800w, https://images.theconversation.com/files/620293/original/file-20240918-16-4oag8o.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;h=516&#038;fit=crop&#038;dpr=1 754w, https://images.theconversation.com/files/620293/original/file-20240918-16-4oag8o.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=754&#038;h=516&#038;fit=crop&#038;dpr=2 1508w, https://images.theconversation.com/files/620293/original/file-20240918-16-4oag8o.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=754&#038;h=516&#038;fit=crop&#038;dpr=3 2262w" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px"></div><figcaption>
              <span class="caption">Traders followed the Fed’s announcement closely.</span><br />
              <span class="attribution"><a class="source" href="https://newsroom.ap.org/detail/FinancialMarketsWallStreet/0ecc2be570da49f8940889c33a7128dd/photo?Query=federal%20reserve&#038;mediaType=photo&#038;sortBy=arrivaldatetime:desc&#038;dateRange=Anytime&#038;totalCount=11276&#038;currentItemNo=7">AP Photo/Richard Drew</a></span><br />
            </figcaption></figure>
<h2>So is that this the soft landing the Fed hoped for?</h2>
<p>I&#8217;d say yes. We at the moment are in a <a href="https://finance.yahoo.com/video/economists-talk-soft-landing-lot-100007934.html">soft landing</a> – and I expect the US economy to decelerate but not enter a recession. </p>
<p>If I&#39;m right, it is a success of Fed policy. A soft landing may be very unusual &#8211; I can only consider one case where this has happened because the end of World War II. <a href="https://doi.org/10.20955/wp.2023.030">That was mid-1995</a>And it is alleged that the then Fed Chairman Alan Greenspan during <a href="https://www.gq.com/story/alan-greenspan-budget-federal-reserve">his every day bath in the bathtub against back pain</a>became concerned in regards to the prospect of significantly higher prices. He then persuaded the Fed board to boost rates of interest, which it did &#8211; a move that averted a possible recession.</p>
<h2>What impact will the rate of interest cut have?</h2>
<p>First of all, this doesn&#8217;t mean we are going to return to 2019 prices &#8211; that might require wage cuts and deflation. It will just slow inflation, or the speed at which prices rise.</p>
<p>But it is going to have an effect. In the primary hour after the choice, the stock markets were <a href="https://apnews.com/article/stock-markets-fed-rates-recession-7e41dab05ea85531991cd69a7d2524bb">jumped on the news</a> – so investors were obviously satisfied – although <a href="https://www.bloomberg.com/news/articles/2024-09-17/stock-market-today-dow-s-p-live-updates?srnd=homepage-americas&#038;sref=Hjm5biAW">The major indices ended the day lower</a>. </p>
<p>Investment markets are likely to anticipate any expected change, so we have now already seen <a href="https://fred.stlouisfed.org/series/MORTGAGE30US/">some reduction in mortgage rates of interest</a> – which were trending downward within the run-up to the Fed decision. Credit card rates of interest also trended downward.</p>
<p>So the markets were clearly expecting a rate cut from the Fed. But we are going to likely see further declines in mortgage rates because the Fed has indicated <a href="https://www.bloomberg.com/news/articles/2024-09-18/traders-bet-on-more-easing-as-fed-opts-for-half-point-rate-cut?sref=Hjm5biAW">further rate of interest cuts are imminent</a>.</p>
<figure class="align-center ">
<div class="placeholder-container" style="--aspect-ratio-percent:66.44562334217507%;--background-color:#50342b"><img decoding="async" alt="Side by side pictures of Trump and Harris." class="lazyload" src="https://images.theconversation.com/files/620295/original/file-20240918-16-j0pfq7.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;fit=clip" srcset="https://images.theconversation.com/files/620295/original/file-20240918-16-j0pfq7.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=600&#038;h=398&#038;fit=crop&#038;dpr=1 600w, https://images.theconversation.com/files/620295/original/file-20240918-16-j0pfq7.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=600&#038;h=398&#038;fit=crop&#038;dpr=2 1200w, https://images.theconversation.com/files/620295/original/file-20240918-16-j0pfq7.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=600&#038;h=398&#038;fit=crop&#038;dpr=3 1800w, https://images.theconversation.com/files/620295/original/file-20240918-16-j0pfq7.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;h=501&#038;fit=crop&#038;dpr=1 754w, https://images.theconversation.com/files/620295/original/file-20240918-16-j0pfq7.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=754&#038;h=501&#038;fit=crop&#038;dpr=2 1508w, https://images.theconversation.com/files/620295/original/file-20240918-16-j0pfq7.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=754&#038;h=501&#038;fit=crop&#038;dpr=3 2262w" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px"></div><figcaption>
              <span class="caption">Although some argue that the speed cut will help Democratic presidential candidate Kamala Harris, the Fed is thought for staying out of politics.</span></p>
</figcaption></figure>
<h2>Is there a risk that some observers will see this as a political move?</h2>
<p>I&#39;m sure many individuals will interpret this as Fed Chairman Jay Powell helping the Democrats by cutting rates of interest before the election. </p>
<p>But it&#8217;s an economically motivated decision. There isn&#8217;t any evidence that it has anything to do with the election. </p>
<h2>What does history tell us about rate of interest cuts and elections?</h2>
<p>I feel most serious observers know that the Fed is independent and makes its decisions based solely on what&#8217;s best for the economy. In fact, over the past 50 years, you&#8217;ll discover only <a href="http://www.doi.org/10.1257/jep.20.4.177">a time when eyebrows were raised</a>. That was in the course of the Nixon administration. </p>
<p>Under Fed Chairman Arthur Burns, the central bank was accused of pumping money into the system and lowering rates of interest with a view to make a positive impression before the 1972 elections. But later all of it got here crashing down when the US entered a phase of double-digit inflation rates.</p>
<p>Apart from that, one will hardly find any evidence of interference. In fact, presidential candidates from each parties <a href="https://www.nbcnews.com/business/economy/trump-isn-t-first-president-try-influence-federal-reserve-n1001596">have complained in regards to the Fed</a>. </p>
<h2>Could the rate of interest cut still play a job within the election campaign?</h2>
<p>As for Americans&#39; attitudes toward the economy? Not really. I don&#39;t think mortgage rates will fall much further. And while the news is encouraging for borrowers, there&#8217;s one other side to rate cuts: They are negative for <a href="https://www.nytimes.com/2024/09/06/business/interest-rates-falling-downside.html">some kinds of investors</a>Money market investors, for instance, is not going to view the Fed&#39;s move so positively. </p>
<p>That doesn&#39;t mean, nevertheless, that the 2 presidential candidates won&#39;t try to make use of the news to their advantage.</p>
<p>Democrats prefer to take credit for lowering inflation under their leadership, declaring that it will help Americans borrow money to purchase their very own homes &#8211; ignoring the indisputable fact that they themselves play no role in deciding rates of interest.</p>
<p>Republicans might well now say, &#8220;Hey, the Fed cut rates because the economy was doing worse than we thought. And a half-percentage point cut means they&#39;re desperate, the economy is terrible, and we&#39;re headed for a recession because of the Biden administration&#39;s policies.&#8221;</p>
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<p><em>image credit : theconversation.com</em></p>
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		<title>Free school meals are increasing within the US – but that might change depending on who wins the 2024 presidential election</title>
		<link>https://bloggingthree.soflytech.com/2024/09/free-school-meals-are-increasing-within-the-us-but-that-might-change-depending-on-who-wins-the-2024-presidential-election/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Sat, 14 Sep 2024 23:35:32 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[change]]></category>
		<category><![CDATA[depending]]></category>
		<category><![CDATA[election]]></category>
		<category><![CDATA[free]]></category>
		<category><![CDATA[Increasing]]></category>
		<category><![CDATA[meals]]></category>
		<category><![CDATA[presidential]]></category>
		<category><![CDATA[School]]></category>
		<category><![CDATA[wins]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=14781</guid>

					<description><![CDATA[Should all students in public schools within the United States have the option to eat free breakfast and lunch? regardless of their family income? The federal government temporarily enabled this in the course of the COVID-19 pandemic. Since then, some states have taken it upon themselves to implement it permanently. The Conversation US asked Marlene [&#8230;]]]></description>
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<p><em>Should all students in public schools within the United States have the option to eat free breakfast and lunch? <a href="https://www.youtube.com/watch?v=-ZzDBx0091I">regardless of their family income</a>? The federal government temporarily enabled this in the course of the COVID-19 pandemic. Since then, some states have taken it upon themselves to implement it permanently. The Conversation US asked <a href="https://scholar.google.com/citations?hl=en&#038;user=fPDErC8AAAAJ&#038;view_op=list_works&#038;sortby=pubdate">Marlene B. Schwartz</a> And <a href="https://scholar.google.com/citations?user=TFpyUO0AAAAJ&#038;hl=en">Juliana Cohen</a>Two scientists in the sector of faculty nutrition will explain why this problem has change into more essential and what measures they imagine the subsequent presidency will absorb this regard.</em></p>
<figure class="align-center zoomable">
<div class="placeholder-container" style="--aspect-ratio-percent:66.71087533156499%;--background-color:#9b6d54"><img decoding="async" alt="A woman in a cafeteria hands an overflowing plate of food to the next person in line." class="lazyload" src="https://images.theconversation.com/files/617386/original/file-20240904-16-7s8vww.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;fit=clip" srcset="https://images.theconversation.com/files/617386/original/file-20240904-16-7s8vww.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=1 600w, https://images.theconversation.com/files/617386/original/file-20240904-16-7s8vww.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=2 1200w, https://images.theconversation.com/files/617386/original/file-20240904-16-7s8vww.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=3 1800w, https://images.theconversation.com/files/617386/original/file-20240904-16-7s8vww.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=1 754w, https://images.theconversation.com/files/617386/original/file-20240904-16-7s8vww.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=2 1508w, https://images.theconversation.com/files/617386/original/file-20240904-16-7s8vww.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=3 2262w" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px"></div><figcaption>
              <span class="caption">On October 20, 2022, students at Copiague High School on Long Island, New York, will likely be served a lunch constructed from local farm produce.</span><br />
              <span class="attribution"><a class="source" href="https://www.gettyimages.com/detail/news-photo/regina-vazquez-serving-lunch-made-of-local-farm-food-at-news-photo/1439588414?searchscope=image%2Cfilm&#038;adppopup=true">Alejandra Villa Loarca/Newsday RM via Getty Images</a></span><br />
            </figcaption></figure>
<h2>How many students in grades K-12 receive free meals at college?</h2>
<p>The National School Lunch Program provides nutritious meals for <a href="https://www.fns.usda.gov/sites/default/files/resource-files/slsummar-8.pdf">over 28 million students each day</a>. Students from low-income households receive meals for <a href="https://www.fns.usda.gov/cn/income-eligibility-guidelines">free or at a reduced price</a>However, there could also be barriers for families wishing to participate in class meals, including the stigma related to receiving free meals or difficulties in completing school meal applications. Many families are also not eligible without spending a dime or reduced-price meals but could also be experiencing financial difficulties. Overall, this will result in <a href="https://www.npr.org/sections/health-shots/2023/05/03/1173535647/schools-ended-universal-free-lunch-now-meal-debt-is-soaring">School meal debt</a> If a toddler has breakfast or lunch at college, but <a href="https://doi.org/10.32747/2023.8122123.ers">Family cannot afford the prices</a>. </p>
<p><a href="https://www.fns.usda.gov/sfsp/covid-19/covid-19-meal-delivery">In March 2020</a>Congress recognized that faculty closures in response to the COVID-19 pandemic could leave more students experiencing food insecurity—that&#8217;s, lacking consistent access to enough nutritious food. So lawmakers temporarily authorized the U.S. Department of Agriculture to offer free school meals to all students nationwide and provides schools more flexibility in distributing food to families with children. </p>
<p>This unexpected <a href="https://doi.org/10.1186/s12874-021-01224-x">natural experiment</a> illustrated the advantages of providing <a href="https://usafacts.org/articles/how-many-us-children-receive-a-free-or-reduced-price-school-lunch/">healthy meals for all children</a>. <a href="https://www.nycfoodpolicy.org/states-with-universal-free-school-meals-so-far-update/">Eight states</a> – California, Colorado, New Mexico, Maine, Massachusetts, Michigan, Minnesota and Vermont – have decided to supply free meals to all public school students for the reason that USDA <a href="https://fns-prod.azureedge.us/sites/default/files/resource-files/36slmonthly-3.pdf">the funding of free school meals for all has been stopped</a> after the 2021-22 school yr.</p>
<p>There is evidence that families with children in states where free meals are provided <a href="https://www.ers.usda.gov/amber-waves/2024/june/state-universal-free-school-meal-policies-reduced-food-insufficiency-among-children-in-the-2022-2023-school-year/">reduced food shortages</a>one other strategy to measure the proportion of people that do not need enough food on the table. </p>
<p>Some states, including Connecticut, Arizona, Louisiana and Texas, have as an alternative chosen to expand access to free meals without making them universal, offering free meals to students who were previously eligible for reduced-price meals. <a href="https://www.nj.gov/governor/news/news/562024/approved/20240116b.shtml">New Jersey has increased</a> the number of scholars with access to free meals in public schools increased by 60,000.</p>
<p>At the federal level, the USDA expanded access to the <a href="https://www.fns.usda.gov/cn/cep-final-rule-summary">Community entitlement determination</a> in fall 2023. This allows individual schools or entire school districts with numerous low-income students to supply free meals to all students. This policy was originally introduced as a part of the Obama administration&#39;s Healthy, Hunger-Free Kids Act of 2010. The variety of <a href="https://frac.org/wp-content/uploads/cep-report-2023.pdf">Schools where all children receive free meals are increasing</a>Nearly 20 million children within the United States attended a public or charter school participating within the Community Eligibility Provision within the 2022–23 school yr, up 22.5% from the previous school yr.</p>
<p>Due to all of the measures taken to enhance access to free meals, <a href="https://www.fns.usda.gov/sites/default/files/resource-files/slsummar-8.pdf">Two-thirds of scholars in public and charter schools received free school meals</a> in the course of the 2023-24 school yr.</p>
<h2>What does the newest research say about free school meals for all?</h2>
<p>A <a href="https://doi.org/10.3390%2Fnu13030911">great amount of research</a> found that free school meals profit all students.</p>
<p>Studies have shown that more students eat school meals once they are free for everybody – including students who were already entitled to free school meals.</p>
<p>This could occur because providing free meals to all children <a href="https://doi.org/10.3102/00028312231222266">reduce the stigma</a> the consumption of faculty meals.  </p>
<p><a href="https://doi.org/10.3390%2Fnu13030911">A literature search conducted by us</a> together with several colleagues found that providing free lunch to all students was related to several positive outcomes: higher nutrition, reduced food insecurity, higher attendance, and higher academic achievement. </p>
<p>The dietary finding is smart in light of research that documents that <a href="https://now.tufts.edu/2021/04/12/study-finds-americans-eat-food-mostly-poor-nutritional-quality-except-school">School meals are generally healthier</a> than what children eat at home and elsewhere. We are working on a brand new study to look at whether families of scholars in schools with free meals for all are less prone to experience food insecurity because they will spend more cash on food they eat at home.</p>
<p>Free meals also mean that students aren&#8217;t in danger, <a href="https://schoolnutrition.org/wp-content/uploads/2024/01/2024-Trends-Report.pdf">unpaid school meal debts</a>. This debt can place a burden on the kids, their families, and even their schools, which regularly should use other resources to cover this debt.</p>
<p>In countries without universal free school meals, <a href="https://schoolnutrition.org/wp-content/uploads/2024/01/2024-Trends-Report.pdf">Debts for unpaid school meals proceed to rise</a>By fall 2023, that debt ranged from $10 million to $1 million per school district, with the median amount being about $5,500—greater than double the debt a decade earlier. </p>
<p><iframe id="5isJB" class="tc-infographic-datawrapper" src="https://datawrapper.dwcdn.net/5isJB/1/" height="400px" width="100%" style="border: 0;" scrolling="no" frameborder="0"></iframe></p>
<h2>Why did Walz make this a priority in Minnesota?</h2>
<p>In March 2023, Governor Tim Walz signed a law that will require all <a href="https://www.theguardian.com/us-news/article/2024/aug/21/philando-castile-mother-free-school-meals-tim-walz">Free meals within the state’s public and charter schools</a>In addition, all existing debts for college meals were eliminated.</p>
<p>As a former teacher, Walz recognized the advantages of free meals. “It makes a huge difference in the lives of these families and the savings they make,” <a href="https://minnesotareformer.com/2024/01/10/walz-celebrates-first-months-of-universal-free-school-meals/">he said in January 2024</a>“It is making a huge difference to students at the moment and we know it will have a positive impact on their performance and wellbeing in the long term.”</p>
<h2>What could occur under a Harris-Waltz administration?</h2>
<p>For Walz in Minnesota, providing free school meals for all was a priority, so we&#8217;re optimistic that a Harris-Walz administration would recognize the potential advantages of providing free school meals for all children within the United States. Another option could be to extend federal funding to permit more schools to take part in the Community Eligibility Provision.   </p>
<figure>
<p><iframe title="Free school meals: Inside the growing movement | The Big Deal" width="1170" height="658" src="https://www.youtube.com/embed/-ZzDBx0091I?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p><figcaption><span class="caption">Governor Tim Walz, Kamala Harris&#39;s running mate, boasted in the course of the election campaign that his state would offer free school meals to all students.</span></figcaption></figure>
<h2>What would you expect from a second Trump administration?</h2>
<p>The administration of Donald Trump made several attempts <a href="https://www.fns.usda.gov/cn/fr-121218">weaken the dietary quality of faculty meals</a> although there may be evidence of their advantages for college kids. They <a href="https://doi.org/10.1016%2Fj.jand.2019.10.021">Expectations that children could be served more whole grain products were reduced</a> and efforts to lower sodium levels got here to a halt.</p>
<p>Project 2025, a package of policy proposals written by people closely related to Trump&#39;s 2024 presidential candidacy &#8211; but from which the campaign tries to distance itself &#8211; <a href="https://static.project2025.org/2025_MandateForLeadership_CHAPTER-10.pdf">calls for cuts in federal spending</a> which helps fund universal free school meal programs.</p>
<p>It also recommends <a href="https://www.fns.usda.gov/cn/cep">Abolition of the community entitlement provision</a>, <a href="https://www.nytimes.com/2024/08/08/opinion/tim-walz-school-lunch.html">a step that</a> <a href="https://www.nytimes.com/2024/05/21/headway/how-free-school-meals-went-mainstream.html">many Republican representatives support</a>We would expect that a second Trump administration would weaken the positive impacts of faculty lunch programs.</p>
</p></div>
<p><em>image credit : theconversation.com</em></p>
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		<title>The Supreme Court&#039;s ruling in Trump v. United States would have granted Nixon immunity for the Watergate crimes &#8211; but 50 years ago he needed a presidential pardon to avoid prison</title>
		<link>https://bloggingthree.soflytech.com/2024/09/the-supreme-courts-ruling-in-trump-v-united-states-would-have-granted-nixon-immunity-for-the-watergate-crimes-but-50-years-ago-he-needed-a-presidential-pardon-to-avoid-prison/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Fri, 13 Sep 2024 07:00:25 +0000</pubDate>
				<category><![CDATA[News]]></category>
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		<category><![CDATA[Court39s]]></category>
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		<category><![CDATA[granted]]></category>
		<category><![CDATA[immunity]]></category>
		<category><![CDATA[needed]]></category>
		<category><![CDATA[Nixon]]></category>
		<category><![CDATA[pardon]]></category>
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		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=14626</guid>

					<description><![CDATA[Gerald Ford knew that Richard Nixon could possibly be prosecuted for the crimes he committed as President. That was simply a fact when President Ford told his predecessor “a complete, free and absolute pardon” 50 years ago this week. Former presidents didn&#8217;t enjoy comprehensive immunity from criminal prosecution until July 1, 2024, when six members [&#8230;]]]></description>
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<p>Gerald Ford knew that Richard Nixon could possibly be prosecuted for the crimes he committed as President. That was simply a fact when President Ford told his predecessor <a href="https://www.fordlibrarymuseum.gov/library/speeches/740061.asp">“a complete, free and absolute pardon”</a> 50 years ago this week.</p>
<p>Former presidents didn&#8217;t enjoy comprehensive immunity from criminal prosecution until July 1, 2024, when six members of the Supreme Court created this privilege in <a href="https://www.supremecourt.gov/opinions/23pdf/23-939_e2pg.pdf">Trump against the United States</a>.</p>
<p>In 1974, when Nixon&#39;s resignation would likely result in prosecution for his role in lots of the Watergate crimes, Republicans within the White House and Congress <a href="https://www.senate.gov/about/origins-foundations/senate-and-constitution/constitution.htm">were based on the Constitution</a>. Article II, Section 4 established that former presidents were criminally liable but not immune. Even after impeachment, conviction, and removal from office, &#8220;the party convicted shall nevertheless be liable, and subject to indictment, trial, judgment, and punishment, according to law.&#8221;   </p>
<p>Ford faced this fact in his <a href="https://www.presidency.ucsb.edu/documents/proclamation-4311-granting-pardon-richard-nixon">Declaration of pardon</a>: “Because of certain acts or omissions prior to his resignation from the office of President, Richard Nixon is in danger of being impeached and tried for crimes against the United States.”</p>
<p>Nixon had a right to a good trial, Ford said. The Constitution guarantees this to everyone. But Ford expressed doubts about whether America would find a way to present Nixon a good trial until months or perhaps years had passed. That was his reasoning for pardoning Nixon.</p>
<p>For most Americans, it wasn&#39;t adequate. </p>
<figure class="align-center zoomable">
<div class="placeholder-container" style="--aspect-ratio-percent:71.08753315649867%;--background-color:#414141"><img decoding="async" alt="A dark-haired man with glasses and a serious expression stands at a lectern and reads a speech into microphones." class="lazyload" src="https://images.theconversation.com/files/618512/original/file-20240910-16-xp1giu.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;fit=clip" srcset="https://images.theconversation.com/files/618512/original/file-20240910-16-xp1giu.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=600&#038;h=426&#038;fit=crop&#038;dpr=1 600w, https://images.theconversation.com/files/618512/original/file-20240910-16-xp1giu.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=600&#038;h=426&#038;fit=crop&#038;dpr=2 1200w, https://images.theconversation.com/files/618512/original/file-20240910-16-xp1giu.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=600&#038;h=426&#038;fit=crop&#038;dpr=3 1800w, https://images.theconversation.com/files/618512/original/file-20240910-16-xp1giu.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;h=536&#038;fit=crop&#038;dpr=1 754w, https://images.theconversation.com/files/618512/original/file-20240910-16-xp1giu.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=754&#038;h=536&#038;fit=crop&#038;dpr=2 1508w, https://images.theconversation.com/files/618512/original/file-20240910-16-xp1giu.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=754&#038;h=536&#038;fit=crop&#038;dpr=3 2262w" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px"></div><figcaption>
              <span class="caption">President Richard Nixon gives a farewell speech to his staff on the White House after his resignation on August 9, 1974.</span><br />
              <span class="attribution"><a class="source" href="https://www.gettyimages.com/detail/news-photo/president-richard-nixon-looks-down-as-stands-at-a-podium-news-photo/3245056?adppopup=true">George Tames/New York Times Co./Getty Images</a></span><br />
            </figcaption></figure>
<h2>From anger to respect</h2>
<p>According to a poll, only 26 percent of Americans supported the pardon, while 59 percent were against it. </p>
<p>Reporters interviewed outraged residents. </p>
<p>“What about the others in his administration who are on trial?” asked John Dawdy, a Vietnam veteran and law student. After all, Nixon’s co-conspirators, including <a href="https://www.washingtonpost.com/wp-srv/national/longterm/watergate/stories/mitchobit.htm">a former Attorney General</a> And <a href="https://www.washingtonpost.com/wp-srv/onpolitics/watergate/haldeman.html">former White House Chief of Staff</a>received fair trials. </p>
<p>Joseph Hickel, a refugee from Czechoslovakia, saw &#8220;the danger of future crimes&#8221; by presidents if Nixon&#39;s crimes went unpunished. Ann Robinson of Cerritos, California, said: &#8220;This pardon makes the incumbent seem like a king.&#8221;</p>
<p>Opinions modified as Watergate faded into oblivion, and in 1986 <a href="https://millercenter.org/the-presidency/educational-resources/watergate/watergate-aftermath">A poll found that only 39% were against it</a> for pardoning Nixon and 54% for it. </p>
<p>Senator Ted Kennedy, a Democrat from Massachusetts and critic of the 1974 pardon, later concluded that Ford was right and gave him a <a href="https://www.jfklibrary.org/events-and-awards/profile-in-courage-award/award-recipients/president-gerald-ford-2001">Profile within the Courage Award</a> in 2001 for taking an unpopular but conscientious stance.</p>
<p>During the Trump administration, when one other president was under impeachment and prosecution, public opinion concerning the Nixon pardon modified again. Americans were completely <a href="https://today.yougov.com/politics/articles/21224-most-think-president-cant-pardon-himself">polarized</a>: 38% in favor, 38% against. </p>
<p>In light of the Trump experience, some historians looked back and saw Nixon’s pardon in a brand new light: <a href="https://www.nytimes.com/2023/02/20/opinion/ford-nixon-trump.html">as harmful</a> <a href="https://www.newyorker.com/news/q-and-a/trump-impeachment-and-the-lessons-of-the-nixon-pardon">precedent</a> Establishment of the President <a href="https://www.washingtonpost.com/opinions/2022/08/15/nixon-presidential-pardon-trump/">impunity</a>.</p>
<h2>No one is above the law</h2>
<p>This 12 months, Americans must grapple with a brand new consequence of pardons. Because Ford&#39;s decision robbed the country of a precedent for prosecuting a former president, the Supreme Court&#39;s six Republican-appointed justices were capable of fill that void with what I call <a href="https://www.npr.org/2024/07/02/nx-s1-5026545/new-presidential-immunity-ruling-supreme-court-constitutional-scholar">a radical revision</a> the structure. </p>
<p>The majority of the court <a href="https://www.supremecourt.gov/opinions/23pdf/23-939_e2pg.pdf">Ruling that presidents enjoy immunity from prosecution</a> for his or her “official acts” <a href="https://www.washingtonpost.com/opinions/2024/07/03/trump-immunity-supreme-court-roberts/">would have forgiven most of Nixon’s Watergate crimes</a>. <a href="https://millercenter.org/the-presidency/secret-white-house-tapes/smoking-gun">Nixon used the CIA to obstruct the FBI&#39;s Watergate investigation</a>; created a <a href="https://www.reuters.com/article/world/uk/factbox-irss-rich-history-of-scandals-political-abuse-idUSBRE94F16V/">illegal, unconstitutional secret police unit; sicced the IRS</a> on political opponents; <a href="https://www.nytimes.com/1971/12/24/archives/nixon-commutes-hoffa-sentence-curbs-union-role-teamster-served.html">commuted the sentence of former Teamster President Jimmy Hoffa</a> of jury tampering and pension fund fraud in exchange for union support; <a href="https://www.nytimes.com/2010/10/17/weekinreview/17abramson.html">and blackmailed campaign donors</a> in return for presidency favors. </p>
<p>Under <a href="https://thehill.com/opinion/judiciary/4762672-immunity-trump-nixon-watergate/">Trump against the United States, Nixon needn&#8217;t have frightened</a> a couple of pardon. He could have declared all these crimes to be &#8220;official acts&#8221; that he had committed throughout the scope of his powers as president. </p>
<figure class="align-center zoomable">
<div class="placeholder-container" style="--aspect-ratio-percent:66.71087533156499%;--background-color:#5675ad"><img decoding="async" alt="A person holds a banner in front of a large white building that reads “Trump is NOT above the law.”" class="lazyload" src="https://images.theconversation.com/files/618515/original/file-20240910-18-b2lvol.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;fit=clip" srcset="https://images.theconversation.com/files/618515/original/file-20240910-18-b2lvol.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=1 600w, https://images.theconversation.com/files/618515/original/file-20240910-18-b2lvol.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=2 1200w, https://images.theconversation.com/files/618515/original/file-20240910-18-b2lvol.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=600&#038;h=400&#038;fit=crop&#038;dpr=3 1800w, https://images.theconversation.com/files/618515/original/file-20240910-18-b2lvol.jpg?ixlib=rb-4.1.0&#038;q=45&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=1 754w, https://images.theconversation.com/files/618515/original/file-20240910-18-b2lvol.jpg?ixlib=rb-4.1.0&#038;q=30&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=2 1508w, https://images.theconversation.com/files/618515/original/file-20240910-18-b2lvol.jpg?ixlib=rb-4.1.0&#038;q=15&#038;auto=format&#038;w=754&#038;h=503&#038;fit=crop&#038;dpr=3 2262w" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px"></div><figcaption>
              <span class="caption">On June 1, 2024, people exhibit in front of the U.S. Supreme Court constructing. On that day, the court made a ruling granting the president a high degree of immunity from prosecution.</span><br />
              <span class="attribution"><a class="source" href="https://www.gettyimages.com/detail/news-photo/people-demonstrate-in-front-of-the-u-s-supreme-court-news-photo/2159650653?adppopup=true">Celal Gunes/Anadolu via Getty Images</a></span><br />
            </figcaption></figure>
<p>Ironically, the conservative justices of the Supreme Court, who consider themselves “originalists” and pride themselves on adhering to the literal wording of the Constitution and the unique intent of its framers, have provided an ideal example of the risks of allowing judges to rewrite the Constitution to suit their particular preferences.</p>
<p>The Watergate break-in occurred the identical 12 months that <a href="https://www.britannica.com/biography/Joe-Biden">Joe Biden has entered national politics</a> as a Democratic U.S. Senate candidate from Delaware. <a href="https://www.newspapers.com/image/156499775/?match=1&#038;terms=%20Biden%20pardon">Newly elected Senator Biden criticized the pardon</a> a day after Ford issued it, saying: “It puts a man above the law.” </p>
<p>Biden couldn&#8217;t have known that fifty years later, in his final 12 months in national politics, the Supreme Court would authorize presidents to commit Nixon-style crimes – or worse – throughout the scope of their official authority and without fear of punishment.</p>
<p>As a part of his legacy, Biden has proposed <a href="https://www.washingtonpost.com/opinions/2024/07/29/joe-biden-reform-supreme-court-presidential-immunity-plan-announcement/">Constitutional amendment</a> to repair the damage done by Trump v. United States. Its name reflects the principle Biden invoked 50 years ago. It is named the &#8220;No One Is Above the Law Amendment.&#8221; It would strip presidents of immunity from prosecution for crimes committed as &#8220;official acts.&#8221; As a soon-to-be former president, Biden could have so much to lose by passing his own amendment.</p>
<p>This 12 months’s Republican candidate has often expressed <a href="https://www.nytimes.com/2024/04/30/us/politics/trump-biden-president-immunity.html">Eagerness to prosecute Biden</a> despite an absence of evidence of a criminal offense. In the case of Trump v. United States, Biden enjoys extensive immunity. According to the amendment &#8220;No one is above the law,&#8221; he would lose this privilege. </p>
<p>The amendment shouldn&#8217;t be only an example of Biden putting the country before himself, but in addition an indication of courage.</p>
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<p><em>image credit : theconversation.com</em></p>
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