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Trump woos democrats on tax overhaul bill

Bloomberg Three Democratic senators joined President Donald Trump for a White House dinner aimed at winning their support for an as-yet unreleased tax overhaul bill that would be written by Republican leaders. Trump’s guests — Joe Manchin of West Virginia, Heidi Heitkamp of North Dakota and Joe Donnelly of Indiana — are the only three Democratic senators who haven’t signed ...

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Norea Korea slams curbs, vows faster N-push

Bloomberg ­­­­­­­­­­­­­­­ North Korea rejected the latest round of United Nations sanctions on the isolated state, and vowed to accelerate its plans to acquire a nuclear weapon that can strike the US homeland. In its first official response to the new resolution, North Korea’s foreign ministry released a statement on state-run media saying the sanctions justified its nuclear push and ...

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Barzani vows to press on with Kurdish plebiscite

BAGHDAD / ERBIL / Reuters Iraq’s Kurdish leader Massoud Barzani vowed to press ahead with a referendum on Kurdish independence on Sept. 25 despite a vote by Iraq’s parliament to reject the move. Earlier the parliament in Baghdad authorised the prime minister to “take all measures” to preserve Iraq’s unity. Kurdish lawmakers walked out of the session before the vote ...

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Israel backs Kurdish independence vote

Bloomberg Israeli Prime Minister Benjamin Netanyahu voiced support for Kurdish statehood, offering a lone source of backing for an autonomy referendum in Iraq this month that allies oppose. Israel “supports the legitimate efforts of the Kurdish people to achieve their own state,” Netanyahu said in a statement on Tuesday night during his visit in Latin America. His endorsement clashes with ...

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‘Kenya poll rerun delay may resolve vote concerns’

Bloomberg Kenya’s opposition presidential candidate said the electoral authority should consider delaying the rerun of last month’s annulled presidential vote until the end of October to ensure it’s organized in a credible manner. The date for the election could be adjusted within the 60-day period stipulated by the law to give the electoral body enough time to prepare a fair ...

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Merkel wants Schaeuble to continue as finance minister

Bloomberg Wolfgang Schaeuble can expect to be offered another term as German finance minister if Chancellor Angela Merkel wins re-election on Sept. 24, according to four people familiar with the government’s deliberations. Schaeuble has signaled his interest for the post and Merkel would be willing to pay a high political price to extend his tenure, the people said. All asked ...

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We need higher taxes

Can we get real about ‘tax reform,’ the Republican promise to enact deep tax cuts that will spur economic growth? Probably not, but let’s give it a try. For starters, we can stop calling it ‘reform.’ That’s a charged word, implying that the new tax system will be superior to the old. We don’t know that for a fact; the ...

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Little victory heralds big changes in Indian bankruptcy

The 1997 Asian crisis forced Indonesia to replace a 93-year-old relic with something resembling a modern bankruptcy code. India took another 20 years—and its own $191 billion bad-debt crisis—to get to the same point. With the country’s top court backing the new insolvency code, a warped power equation between debtors and creditors is heading for a big shift. It remains ...

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Donald Trump’s Fed

Even more than before, President Donald Trump now has the chance to entirely reshape the Federal Reserve. Janet Yellen’s term as chair ends early next year, and her deputy, Stanley Fischer, has just resigned, citing personal reasons. Soon Trump will be able to appoint a new person to the top job and three other positions on the seven-member board — ...

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Myanmar’s leader needs to lead

Aung San Suu Kyi, Myanmar’s iconic leader, is sacrificing her moral authority for political expediency. By failing to speak out against repression — and, more broadly, by not doing enough to help her country grow and prosper — she risks losing both her power and her reputation. Suu Kyi, whose years leading the resistance to the Burmese junta earned her ...

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