WASHINGTON — A limited U.S. strike on Iran of the sort President Donald Trump says he cancelled Thursday night could prompt a potent Iranian reaction that in turn might spark a much larger military conflict, current and former U.S. officials and experts tell NBC News. Iran could do enormous damage to the global economy by mining the Strait of Hormuz, the waterway off its coast through which flows 40 percent of the crude oil traded internationally. That action, even if quickly countered by the U.S. Navy, would cause oil prices to spike. But that may not be Iran's first move in response to a limited American bomb and missile attack, experts say. Iran would likely first turn toits proxies, who could inflict major damage on American allies, experts say. Houthi rebels in Yemen could step up attacks against Saudi Arabian infrastructure with missiles and drones. Shiite militias could destabilize Iraq. Hezbollah, the Iran-backed terrorist organization, could attack Israel or other … [Read more...] about If the U.S. strikes Iran, what might happen next?
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Breaking News Emails Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings. SUBSCRIBE Feb. 4, 2019, 11:43 PM GMT / Updated Feb. 5, 2019, 5:54 PM GMT By Corky Siemaszko In the nine years they worked side-by-side installing lithium ion batteries into Chevy Volts, Evetta Osborne and daughter Monique Watson developed an assembly-line choreography. “Watching them work is like watching ballet,” an internal GM story said. Now, mass layoffs underway at GM threaten to break up the mother-daughter autoworker duo by shuttering the Michigan manufacturing plant where they work — the Detroit-Hamtramck Assembly facility, which employs roughly 1,500 workers. In total, GM is planning to send pink slips to lay off more than 14,000 workers and close three assembly plants and two component factories in North America by the end of 2019. It began the layoffs of some of its salaried workers on Monday. The sweeping … [Read more...] about Thousands of GM workers at soon-to-be closed U.S. plants face ‘a lot of uncertainty’
By Josh Zumbrun WSJ Wed., Jan. 30, 2019 WASHINGTON—As negotiators meet this week to hammer out a new U.S.-China trade deal, the Trump administration’s team will be pushing to slash the U.S. trade deficit with China, now running at about $350 billion annually. But selling more pork, soybeans, natural gas and other commodities to China is only part of the solution, given that China already purchases huge quantities of these products. There is much more potential in business services—such as banking, insurance and consulting—where the U.S. has a significant comparative advantage and runs a growing trade surplus, analysts say. “There’s really so much the U.S. could do—and just ridiculous obstacles to them being able to provide these services,” said Scott Kennedy, a senior adviser at the Center for Strategic and International Studies, and an expert on China’s economic policies. Services aren’t the central focus … [Read more...] about What Can the U.S. Sell China? Services
Sections SEARCH Skip to content Skip to site index Politics Subscribe Log In Log In Today’s Paper Politics | Government Shutdown Cost U.S. Economy $11 Billion, C.B.O. Says Supported by ByAlan Rappeport and Binyamin Appelbaum Jan. 28, 2019 WASHINGTON — The five-week federal government shutdown took a significant economic toll, costing the United States economy $11 billion, with nearly a quarter of that total permanently lost, the Congressional Budget Office said on Monday. The figures are the first official projection of the economic effects of the longest federal shutdown in history, and they show that its cost was nearly double the $5.7 billion request by President Trump for a border wall that fueled the impasse. That is enough to reduce first-quarter growth by about 0.4 percentage points. Much of that spending was simply delayed, and will flow back into the economy as workers get back pay. But the … [Read more...] about Government Shutdown Cost U.S. Economy $11 Billion, C.B.O. Says
By The Wall Street Journal Sun., Dec. 16, 2018 Immigration dominated the news, as advocates for migrants tussled with the Trump administration as it moved to tighten the southern border to illegal immigrants. The administration made multiple trips to court and sent thousands of troops to the U.S.-Mexico line as caravans of Central Americans sought asylum in the U.S. Yet federal judges have repeatedly stymied the president’s efforts to change immigration policy. Among the administration moves at least temporarily blocked by judges: the ending of the Deferred Action for Childhood Arrivals program for young immigrants; the cancellation of temporary protected status for immigrants from some Central American countries and Haiti; and blocking access to the asylum system for immigrants apprehended crossing the border illegally. Mr. Trump himself reversed his most controversial enforcement policy: separating parents and children caught crossing the border illegally. … [Read more...] about Immigration, Mueller probe boosted U.S. tensions this year