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White House Proposes $4.4 Trillion Budget That Adds $7 Trillion to Deficits

On Monday, Mick Mulvaney, Mr. […]

Asia and Australia Edition: Strava, North Korea, Malaysia: Your Tuesday Briefing

#briefing-market-module.interactive-embedded .interactive-caption { display: none; } Market Snapshot View Full Overview In the News Photo Credit Kevin Frayer/Getty Images • The Vatican, seeking to end a schism with China, asked two “underground” bishops to surrender their positions to individuals approved by the country’s authoritarian government. Above, a sanctioned ceremony in Beijing. [The New York Times] • Why do heart attacks and strokes hit people with no known risk factors? Scientists have identified a strange accumulation of mutated stem cells in bone marrow as a possible cause — and it grows more common with age. [The New York Times] • The F.B.I.’s deputy director stepped down, under fire from Republicans in Congress and President Trump, and the deputy attorney general appears to be their new target. [The New York Times] • Rescuers were searching for more survivors after seven people were found alive in a dinghy more than a week after their ferry sank near the Pacific island nation of Kiribati. […]

Trump Arrived in Davos as a Party Wrecker. He Leaves Praised as a Pragmatist.

“Over the past year, we have made extraordinary strides in the United States,” Mr. Trump said. “After years of stagnation, the United States is once again experiencing strong economic growth.”Economists note that the American economy is into its ninth year of expansion, a trend that speaks to how the aftermath from the 2008 financial crisis has finally run its course. A surge of cash delivered by the Federal Reserve has stimulated commercial activity.The International Monetary Fund this week lifted its forecasts for American growth in large part because of Mr. Trump’s tax cuts. Economists note that the benefits fall overwhelmingly on corporations and wealthy American households, exacerbating economic inequality.VideoTrump: ‘America Is Open for Business’Speaking for the first time at the World Economic Forum, President Trump said that the world was witnessing the resurgence of a strong, prosperous United States that is competitive once again.By THE ASSOCIATED PRESS.Photo by Tom Brenner/The New York Times.Watch in Times Video »embed But Mr. Trump framed the tax cuts as a broad source of what will be better days for all Americans. And he gained the unbridled endorsement from the man who heads the World Economic Forum, Klaus Schwab, whose eagerness to flatter his interlocutors is legendary.“On behalf of the business leaders here in this room let me particularly congratulate you for the historic tax reform,” Mr. Schwab said, adding that the tax cuts were “fostering job creation while providing a tremendous boost to the world economy.”Whatever the optics of the head of an institution dedicated to reducing economic inequality offering his unqualified support for Mr. […]

New York Today: New York Today: Following in Dr. King’s Footsteps

NYT

Here is the original: New York Today: New York Today: Following in Dr. King’s Footsteps

The Trump Effect: Business, Anticipating Less Regulation, Loosens Purse Strings

But in the administration and across the business community, there is a perception that years of increased environmental, financial and other regulatory oversight by the Obama administration dampened investment and job creation — and that Mr. Trump’s more hands-off approach has unleashed the “animal spirits” of companies that had hoarded cash after the recession of 2008.Some businesses will essentially be able to get away with shortcuts that they could not have under a continuation of Obama-era policies. The coal industry, for instance, will not have to worry about a regulation, overturned by Congress and Mr. […]

California Today: California Today: A Tax Challenge for Sacramento

NYT

See the original post here: California Today: California Today: A Tax Challenge for Sacramento

Egypt, Roy Moore, Donald Trump: Your Weekend Briefing

#briefing-market-module.interactive-embedded .interactive-caption { display: none; } Market Snapshot View Full Overview ____ Photo Credit Max Rossi/Reuters 6. Pope Francis will be walking a diplomatic tightrope during his first official visit to Myanmar, where Muslim Rohingya have endured unspeakable atrocities at the hands of the military. The Trump administration declared Myanmar’s crackdown on the Rohingya “ethnic cleansing.” The Pope, above at the Vatican last week, has expressed concern for the Rohingya many times, though one big question looms: Will he utter the word “Rohingya,” a term not recognized by Aung San Suu Kyi, who leads the civilian government? ____ Photo Credit Al Drago for The New York Times 7. President Trump wished Americans a happy Thanksgiving from Palm Beach, Fla., where he indulged in some of his favorite activities: golfing with pros and tweeting about how he and the country are winning. He spoke to troops via video teleconference and passed out sandwiches at a Coast Guard station. The president continued his personal attacks against sports figures, many of them African-American […]