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Wednesday, December 14, 2022

Imran Khan and the Current economic & political situation of Pakistan

 Apparently Pakistan's economy is sliding down - two of the most hit sectors are textile and automobiles, one is struggling to export Pakistani products due to ongoing shortage of multiple items needed for their production lines to keep running. 

Automobile sector is worst hit by unannounced restrictions on imports, falling rupee and unaffordable prices of the vehicles - it is compounded by increasing interest rates, resulting in very low demand, hence cutting down production shifts. relieving employees permanently and offering employees to go on leaves - to ensure their operations are sustained. 

if it was not enough, Ukraine war has resulted in panic LPG buying by European superpowers, leaving countries like Pakistan struggling to secure even 50% of their demanded supplies. which as a result will impact any of the leftover economic activity in Pakistan. 

Political stability have long been described as an elusive commodity which had its own bearing on us. 

Tough and interesting times ahead!

Monday, November 21, 2022

Elon Musk restores Donald Trump’s Twitter account

 Former US President Donald Trump’s Twitter account has been reinstated on the platform.

The account, which Twitter banned following the January 6, 2021, attack on the Capitol, was restored after Twitter CEO and new owner Elon Musk posted a poll on Twitter on Friday night asking the platform’s users if Trump should be reinstated.

“The people have spoken. Trump will be reinstated,” Musk tweeted Saturday night. “Vox Populi, Vox Dei,” Latin for “the voice of the people is the voice of God.”

The final poll results on Saturday night showed 51.8% in favor and 48.2% opposed. The poll included 15 million votes.

The much-anticipated decision from the new owner sets the stage for the former president’s return to the social media platform, where he was previously its most influential, if controversial, user. With almost 90 million followers, his tweets often moved the markets, set the news cycle and drove the agenda in Washington.

Trump has previously said he would remain on his platform, Truth Social, instead of rejoining Twitter, but a change in his approach could hold major political implications. The former president announced this month that he will seek the Republican presidential nomination in 2024, aiming to become only the second commander in chief ever elected to two nonconsecutive terms.

Asked on Saturday what he thought of Musk purchasing Twitter and his own future on the platform, Trump praised Musk but questioned whether the site would survive its current crises.

Hear what Trump said about possibly returning to Twitter
02:10 - Source: CNN

“They have a lot of problems,” Trump said in Las Vegas at the Republican Jewish Coalition meeting. “You see what’s going on. It may make it, it may not make it.”

Still, Trump said he liked Musk and “liked that he bought (Twitter.)”

“He’s a character and I tend to like characters,” the former president said of Musk. “But he’s smart.”

Throughout Trump’s White House tenure, Twitter was central to his presidency, a fact that also benefited the company in the form of countless hours of user engagement. Twitter often took a light-touch approach to moderating his account, arguing at times that as a public official, the then-president must be given wide latitude to speak.

But as Trump neared the end of his term – and increasingly tweeted misinformation alleging election fraud – the balance shifted. The company began applying warning labels to his tweets in an attempt to correct his misleading claims ahead of the 2020 presidential election. And following the US Capitol riot on January 6, 2021, the platform banned him indefinitely.

“After close review of recent Tweets from the @realDonaldTrump account and the context around them we have permanently suspended the account due to the risk of further incitement of violence,” Twitter said at the time. “In the context of horrific events this week, we made it clear on Wednesday that additional violations of the Twitter Rules would potentially result in this very course of action.”

The decision followed two tweets by Trump that, according to Twitter, violated the company’s policy against glorification of violence. The tweets, Twitter said at the time, “must be read in the context of broader events in the country and the ways in which the President’s statements can be mobilized by different audiences, including to incite violence, as well as in the context of the pattern of behavior from this account in recent weeks.”

The first tweet – a statement about Trump’s supporters, who he called “75,000,000 great American Patriots who voted for me” – suggested that “he plans to continue to support, empower, and shield those who believe he won the election,” Twitter had said.

Trump's dilemma: Truth Social or Twitter?
05:11 - Source: CNN

The second, which indicated he did not plan to attend Joe Biden’s inauguration, could be viewed as a further statement that the election was not legitimate and could be interpreted as Trump saying that the inauguration would be a “safe” target for violence because he would not be attending, according to Twitter.

Following Musk’s decision, Republican Rep. Liz Cheney of Wyoming suggested on Twitter that “it’s a good time to watch” a public hearing held earlier this year by the House select committee investigating the Capitol attack.

“It covers each of Trump’s tweets that day, including those that have been deleted, and features multiple Trump (White House) staff describing his inexcusable conduct during the violence,” Cheney, a notable Trump critic who serves on the select committee, tweeted Saturday.

Soon after Trump’s Twitter ban, he was also restricted from Meta’s Facebook and Instagram, which could also restore his accounts as soon as January 2023.

On November 18, Musk tweeted that he had reinstated several controversial accounts on the platform, but that a “Trump decision has not yet been made.”

“New Twitter policy is freedom of speech, but not freedom of reach,” he said at the time. “Negative/hate tweets will be max deboosted & demonetized, so no ads or other revenue to Twitter. You won’t find the tweet unless you specifically seek it out, which is no different from rest of Internet.”

Musk had previously said he disagreed with Twitter’s permanent ban policy and could also return other accounts that had been removed from the platform for repeated rules violations.

“I do think it was not correct to ban Donald  Trump; I think that was a mistake,” Musk said at a conference in May, pledging to reverse the ban were he to become the company’s owner.

Jack Dorsey, who was the CEO of Twitter when the company banned Trump but has since left, responded to Musk’s comments saying he agreed that there should not be permanent bans. Banning the former president, he said, was a “business decision” and it “shouldn’t have been.”

The Trump decision is the latest in a series of major changes Musk has made at Twitter, including pushing out its top leadership and a significant portion of its staff.

Musk also launched an updated subscription service allowing users to pay to receive verification checkmarks, an indicator previously reserved for authenticated public figures, which was quickly abused and used to impersonate prominent people, businesses and government agencies. Twitter paused the service and plans to reinstate it later this month.

And on Friday, he said he would restore the accounts of three controversial, previously banned or suspended users: Canadian podcaster Jordan Peterson, right-leaning satire website Babylon Bee and comedian Kathy Griffin.

The chaos has scared off many of Twitter’s major advertisers, who are wary of having their ads run alongside potentially objectionable content, threatening the company’s core business model. Macy’s, Volkswagen Group, General Mills and other large brands have all paused advertising, causing what Musk called earlier this month “a massive drop in revenue.” And restoring Trump to the platform is unlikely to help.

NAACP President Derrick Johnson called on advertisers still funding Twitter to immediately stop all ad buys.

Will Twitter advertiser dollars affect Musk's promise to Trump?
02:05 - Source: CNN

“In Elon Musk’s Twittersphere, you can incite an insurrection at the U.S. Capitol, which led to the deaths of multiple people, and still be allowed to spew hate speech and violent conspiracies on his platform,” Johnson said in a statement. “If Elon Musk continues to run Twitter like this, using garbage polls that do not represent the American people and the needs of our democracy, God help us all.”

In an apparent effort to reassure advertisers and users, Musk previously said he would implement a “content moderation council” to help set policies, and that no major content moderation decisions would be made before it was in place. There is no indication that such a group was involved in the move to restore Trump nor the other users who were returned to the platform on Friday.

In an op-ed published in the New York Times Friday, Twitter’s former head of trust and safety Yoel Roth, who left the company last week, said that despite the billionaire’s promises to involve others in key decisions, “Mr. Musk has made clear that at the end of the day, he’ll be the one calling the shots.”

Any surge in traffic on Twitter due to Trump’s reinstatement could also put a technical strain on the platform that would coincide with the World Cup, which is typically one of the biggest audience events on the site.

“Twitter servers being out [put] through quite the stress test by @elonmusk right now,” Sriram Krishnan, an investor who is assisting as part of Musk’s Twitter leadership team, tweeted Saturday night.

Mass worker exits at the company had prompted users, as well as some employees, to question whether the platform could face outages or other issues. Already, Twitter has experienced some glitches in recent days, including with its feature that allows users to download their data from the site.

Wednesday, November 16, 2022

Donald Trump and the next presidential campaign

 As Mr. Trump had announced his intent to run for the next presidential elections in the US and he will go through the primaries again to get his nomination confirmed by the republican party and launched Trump 2024 campaign. 

While announcing his bid for 2024 race he said “In order to make America great and glorious again, I am tonight announcing my candidacy for president of the United States,”

Trump’s long-awaited campaign comes as he tries to reclaim the spotlight following the GOP’s underwhelming midterm elections performance – including the losses of several Trump-endorsed election deniers – and the subsequent blame game that has unfolded since Election Day. Republicans failed to gain a Senate majority, came up short in their efforts to fill several statewide seats, and have yet to secure a House majority, with only 215 races called in their favor so far out of the 218 needed, developments that have forced Trump and other party leaders into a defensive posture as they face reproval from within their ranks.

Throughout the hour-long speech, Trump made clear that he wants his campaign to be seen by Republicans as a sacrificial undertaking.

“Anyone who truly seeks to take on this rigged and corrupt system will be faced with a storm of fire that only a few could understand,” he said at one point, describing the legal and emotional toll his presidency and post-presidential period has taken on his family members.

On the heels of last week’s midterm elections, Trump has been blamed for elevating flawed candidates who spent too much time parroting his claims about election fraud, alienating key voters and ultimately leading to their defeats. He attempted to counter that criticism on Tuesday, noting that Republicans appear poised to retake the House majority and touting at least one Trump-endorsed candidate, Kevin Kiley of California. At one point, Trump appeared to blame his party’s midterm performance on voters not yet realizing “the total effect of the suffering” after two years of Democratic control in Washington.

“I have no doubt that by 2024, it will sadly be much worse and they will see clearly what has happened and is happening to our country – and the voting will be much different,” he claimed.

As Trump spoke to a roomful of Republicans who expect him to face primary challengers in the coming months, he also claimed the party cannot afford to nominate “a politician or conventional candidate” if it wants to win back the White House.

“This will not be my campaign, this will be our campaign all together,” Trump said.

Only time will tell if he is successful in getting republican nomination or not. But very interesting times ahead and we will hear a lot about his past, games played against him and how he intends to fight it again. He never admitted to have lost the elections fairly - blamed it was rigged and it will be interesting to see how he takes his claim forward. 

Wednesday, November 2, 2022

US Mid Term Elections

 HOUSTON, US

The outcome of next Tuesday's US midterm elections will determine whether Democrats keep their majority in Congress or Republicans take over, but on a larger scale, they could help shape the 2024 presidential race.

The Democratic majority in the 435-member US House of Representatives is a small one: 220 Democratic members to 212 Republican members, with three vacant seats to be filled.

US House members are elected to two-year terms, so all 435 seats are up for grabs.

The US Senate is split 50-50, with Vice President Kamala Harris holding the tie-breaker in favor of Democrats.

Historically, the party of the president loses congressional seats in the midterms, so Republicans are chomping at the bit to let history play out and take over the majority.

If that scenario takes place, it will spell trouble for the administration of President Joe Biden when it comes to introducing and passing laws over the final two years of his four-year term.

"If Republicans take either chamber of Congress, they will stymie the Biden legislative agenda," said Allan Lichtman, professor of history at American University in Washington.

"They will also launch investigations of (Biden’s son) Hunter Biden and the Biden administration and close down the January 6 Committee."

"If Republicans take the Senate, they will stall Biden’s judicial nominees," added Lichtman.

Lichtman told Anadolu Agency by e-mail that there are quite a few Senate seats that will likely decide control of the chamber.

"Vulnerable seats currently held by Democrats include Georgia, Nevada, New Hampshire, and Arizona. Vulnerable seats currently held by Republicans include Pennsylvania, Ohio, North Carolina, and Wisconsin," he said.

If Republicans gain control of both houses of Congress, President Biden and fellow Democrats are in for a rude awakening from their political adversaries.

"They (Republicans) will try to enact tax cuts, promotion of fossil fuels, and abortion restrictions," said Lichtman. "They will block any initiative of the Biden administration and stall his appointments."

"However, it still takes 60 votes in the Senate to block a filibuster, and Biden still has the veto," added Lichtman, who said a Republican majority in both houses does not necessarily spell doom. "It is not possible to govern only from Congress."

On the flip side, Democrats can keep pushing forward with their legislative agenda and give Biden a much-needed boost towards the 2024 presidential election.

"If Democrats keep both Houses, then Biden will get the approval for many judicial nominations," Lichtman explained. "Democrats will try to force votes on key initiatives such as the protection of abortion rights and the protection of voting rights."

Most state governor's races across the US will also be decided during the midterms.

Even though incumbent Florida Governor Ron DeSantis is favored to win, there is a lot more at stake than just a midterm victory, with DeSantis setting himself up for a 2024 Republican presidential run.

"DeSantis has positioned himself as a clone of Donald Trump, although without the mastery of showmanship," said Lichtman. "He has emphasized the cultural wars by championing so-called 'anti-woke' legislation to crack down on allegedly leftwing bias in teaching, and used state funds to ship migrants to Massachusetts."

"He championed the 'Don’t Say Gay' law to restrict references to sexual orientation in elementary and secondary schools and revoked Disney’s special taxing district," added Lichtman. "He suspended an election district attorney who had signed a pledge not to enforce anti-abortion laws."

However, DeSantis is walking a fine line if he plans to throw his hat into the ring for the Republican Party's presidential nominee.

Former President Donald Trump remains the apparent puppet master of the party, seemingly pulling all the strings leading up to 2024.

"Donald Trump is still the driving force in the Republican Party, even though he has jettisoned every principle that Republicans once claimed to stand for: personal morality, personal responsibility, fiscal restraint, limited government, and respect for traditional institutions," said Lichtman.

That being said, Lichtman is not sold on Trump being the face of the Republican Party heading into the 2024 presidential election.

"I believe that his legal troubles will make it unlikely that he could successfully run for president," he added.

That leaves Biden in the driver's seat for his re-election bid in 2024 regardless of the outcome of the Nov. 8 midterms.

"I don’t think the results of the midterm will have any influence on Biden’s decision to run for reelection. He is determined to run again and will do so if his health holds up," said Lichtman, which he explained is a positive step for the Democratic Party. "It will greatly enhance the Democrats’ prospects for holding on to the presidency if Biden runs again."

"According to my presidential prediction system, The Keys to the White House, it takes six negative keys to predict that the party holding the White House will lose the presidency," Lichtman explained. "If Biden doesn’t run, the Democrats will lose two keys that they would otherwise hold: Incumbency, and an internal party fight for the presidential nomination."

Lichtman is known for his presidential prediction system, predicting Trump to win in 2016 and Biden in 2020.

As to where Lichtman stands on the 2024 presidential election: "Too early," he said.

Tuesday, November 1, 2022

China locks down millions as COVID cases rise before winter

 

China locks down millions as COVID cases rise before winter

Controversial ‘zero COVID’ policy under strain as cases top 2,000 for a second straight day.

COVID CHina
Chinese cities and provinces ae racing to stamp out sporadic COVID-19 outbreaks as winter nears [File: Reuters]

Officials in Chinese cities and provinces across the country are pulling no punches in stamping out sporadic COVID-19 outbreaks as winter nears, quickly closing venues and enforcing longer temporary lockdowns on millions of people.

Cases in mainland China hit 2,898 on Sunday, topping 2,000 for a second straight day and pressuring the country’s controversial zero-COVID policy, which has hamstrung the economy and exasperated its citizens.

In Guangdong province, manufacturing centre Guangzhou has seen a spate of cases over the past week that has closed some districts. Haizhu’s 1.8 million residents, or about 10 percent of Guangzhou’s population, have been the worst hit.

Total cases in Guangzhou rose to 1,110 during October 24-30 from 402 in the previous seven-day period. The threat of a major lockdown would rattle the city and harken back to the nightmarish two-month lockdown Shanghai experienced a few months ago.

On Monday, Shanghai Disney Resort said it closed the entire resort from October 31 due to COVID prevention measures in the city.

Over the past week, authorities raced to get a handle on rising cases in Datong, Xining, Nanjing, Xian, Zhengzhou and Wuhan, forcing temporary lockdown measures in some neighbourhoods.

Lu Dongliang, secretary of the Municipal Party Committee of Datong, rushed back from the party congress last week to access the “dire situation in the city” of more than one million.

Datong, which recorded 288 cases from October 27 to 30, has enforced stricter isolation and management of hotels, key industries and its railway. Some officials in the city have been punished for lax enforcement of COVID rules, according to local media reports.

As winter nears, northern cities, particularly those close to international borders, are seeing higher case numbers and could face new curbs.

Mudanjiang in Heilongjiang province, bordering North Korea, extended the temporary lockdown of some areas, according to local media reports. Dandong, Suihua, and Ruili – cities close to North Korea, Russia and Myanmar borders respectively – are experiencing outbreaks.

SOURCE: REUTERS

5 reasons Donald Trump really doesn’t want his tax returns released - CNN

CNN:  Donald Trump asked the Supreme Court on Monday to stop the turning over of his tax returns to a House committee, the latest in a series of attempts by the former President to keep that information from going public.

Trump’s latest gambit came days after a federal appeals court declined to hold up the release of his tax returns to the Democratic-controlled House Ways and Means Committee.

“No Congress has ever wielded its legislative powers to demand a President’s tax returns,” Trump said in his emergency request to the Supreme Court.

Trump broke with recent tradition for presidents and presidential candidates by refusing to release his past tax records, insisting that he was under audit and therefore could not release the returns. He can release them even while he’s under audit. He has also repeatedly insisted that tax returns provide little financial information. (This is also not true.)

Trump’s repeated attempts to keep his tax returns private – over years – begs the simple question: Why? And there are several potential reasons that jump to mind:

1) Trump may not be as rich as he says he is. Not long after Trump launched his presidential campaign in 2015, he said he was worth upwards of $10 billion. Forbes estimated his net worth was less than half that that year. Trump appears to use outlandishly elevated claims of his wealth as proof positive he is smarter (and better) than most people. It’s uniquely possible that a release of his tax returns would take the air out of a balloon that Trump has been blowing up for much of his adult life.

2) He may not pay (or hasn’t paid) his fair share of taxes, despite his claims that he pays “a lot.” We know, thanks to reporting from The New York Times, that Trump paid zero federal taxes in 11 of the 18 years of returns that the publication was able to obtain. And even in 2017, his first year as president, Trump paid just $750 in federal taxes – a paltry sum for someone as wealthy as he is. The Times estimated that “Trump has paid about $400 million less in combined federal income taxes than a very wealthy person who paid the average for that group each year.”

3) The $73 million refund. We learned from the Times’ reporting that Trump applied for a $72.9 million tax refund in 2010. (He claimed large losses that were widely attributed at the time to the decline of his Atlantic City casinos.) The Internal Revenue Service started its audit of the refund in 2011, which was still ongoing as of 2020. It’s uniquely possible that Trump simply doesn’t want to have the refund issue brought back up, for fear he might be on the hook for the amount.

4) Trump may have loans with foreign countries or individuals. We know, via congressional testimony from former Trump confidante Michael Cohen, that the former president was deeply involved in the potential construction of Trump Tower Moscow. And that Cohen lied about that involvement (and how long it stretched) to protect Trump. Donald Trump Jr. reportedly said at a 2008 real estate conference: “In terms of high-end product influx into the US, Russians make up a pretty disproportionate cross-section of a lot of our assets. Say, in Dubai, and certainly with our project in SoHo, and anywhere in New York. We see a lot of money pouring in from Russia.”

5) He might not donate much (or anything) to charity. Trump long used his charitable organization to feather his own nest and collect political chits rather than for any philanthropic purposes. (Trump shut down the charity in 2018.) It’s not at all clear how generous (if at all) Trump has been to other charities over the past few decades. While there is no requirement for wealthy individuals to make large charitable donations, many do. And so, it would be a decidedly bad look for Trump if it looked like his repeated claims of largesse donated to charity wound up being false.

Whatever the reason – or reasons – it’s been clear for the last seven years that Trump is absolutely dead set on keeping his returns private. Which makes me wonder what he is hiding – still.

Imran Khan and the Current economic & political situation of Pakistan

 Apparently Pakistan's economy is sliding down - two of the most hit sectors are textile and automobiles, one is struggling to export Pa...