Tag: Chance

  • Trump rejects last chance to testify at New York civil trial

    Trump rejects last chance to testify at New York civil trial

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    The jury has also watched lengthy excerpts from an October videotaped deposition in which Trump vehemently denied raping Carroll or ever really knowing her.

    Without Trump’s testimony, lawyers were scheduled to make closing arguments Monday, with deliberations likely to begin on Tuesday.

    After prosecutors rested their case Thursday, Trump attorney Joe Tacopina immediately rested the defense case as well without calling any witnesses. He did not request additional time for Trump to decide to testify. Tacopina declined in an email to comment after the deadline passed Sunday.

    On Thursday, Kaplan had given Trump extra time to change his mind and request to testify, though the judge did not promise he would grant such a request to reopen the defense case so Trump could take the stand.

    At the time, Kaplan noted that he’d heard about news reports Thursday in which Trump told reporters while visiting his golf course in Doonbeg, Ireland, that he would “probably attend” the trial. Trump also criticized Kaplan, a Bill Clinton appointee, as an “extremely hostile” and “rough judge” who “doesn’t like me very much.”

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    ( With inputs from : www.politico.com )

  • Scottish Cup offers Rangers chance to defy expectations against Celtic

    Scottish Cup offers Rangers chance to defy expectations against Celtic

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    A Rangers season which began with typically lofty expectations could in effect end before May Day. Defeat by Celtic in Sunday’s Scottish Cup semi-final would extinguish the one lingering hope of silverware from a campaign during which Rangers have continued to wrestle with the frustration of being second best in a two-horse race.

    Knockout football is such a fickle beast that some would rail at any assertion the winners of this Old Firm clash will lift the cup. Unfortunately the gulf between Celtic, Rangers and the rest of the top flight is stark enough without contemplating the prospects of second-tier Inverness and League One Falkirk, who meet in Saturday’s first semi-final. Odds of at least 20-1 for either to win the trophy almost seem to underplay the situation.

    A key talking point will and should surround the preposterous assertion of the Scottish Football Association that a crowd of considerably fewer than 20,000 should trot along to the 52,000-capacity Hampden Park on Saturday when the match would be far more sensibly hosted at Tynecastle or Easter Road. The Scottish Cup has no sponsor, the Scottish game very little positive image beyond its own parochial boundaries. Those in high office, who will look on silently from cosy seats as sectarian verse pollutes the Hampden air on Sunday, need to raise their game.

    That this game constitutes Rangers’ last stand will add to the sense of fervour from their end. A desire to do something, anything, to show Celtic can be bruised has lurched towards desperation. There has even been the rising and nonsensical suggestion that Michael Beale, Rangers’ head coach, should come under pressure if he fails to seal a June return to Hampden. This notion resonates in the antiquated notion that winning is everything at Ibrox; Rangers have won precious little in contemporary times without material change occurring.

    “We are not that far from them,” the Rangers midfielder Nicolas Raskin said of Celtic. On the basis of head-to-head meetings – and Raskin has been in Glasgow only since January – the point has a degree of merit. The league table presses home a deeper story. With five fixtures to play, Celtic head their oldest foes by 13 points and have a far better goal difference. By every available metric relating to squad performance or value, Celtic are superior. A glance at Scotland’s domestic trophy spread over more than a decade dictates this as a concerted period of Celtic dominance.

    Rangers are likely to lose Sunday’s semi-final. Beale, as the man standing front and centre, will field criticism if they do, however it plays out. Neil Banfield, Beale’s assistant, did his boss no favours last week by breathlessly comparing the 42-year-old to Arsène Wenger, Julian Nagelsmann, Thomas Tuchel and Mauricio Pochettino. Rangers duly lost tamely, 2-0 at Aberdeen.

    The key point is that in November Beale took over a club that basked so much in the title success of 2021 that in domestic context it forgot how to improve. By the onset of the January window Beale presided over an injury-prone squad which included goalkeepers aged 40 and 35, wholly unconvincing defenders, a one-paced midfield and, in Alfredo Morelos, a moody striker who had quite enough of Scottish football long ago (the feeling is generally mutual). Millions have been squandered on players who make no serious impact on the starting XI. The Rangers board accelerated summer moves for Raskin and Todd Cantwell in an attempt to prove to supporters that revolution was forthcoming. Beale’s summer work must be even more radical. Without that, Rangers are stuck in a cycle of watching Celtic profit on and off the field.

    Rangers’ Nicolas Raskin (left) against Celtic
    Nicolas Raskin (left) says Rangers ‘are not that far from Celtic’. Photograph: Ian MacNicol/Getty Images

    Beale is not without error. He made rookie mistakes during the League Cup final defeat by Celtic. Nonetheless, he has rapidly discovered that Rangers can look fluent against dross in the Scottish Premiership without being at all convincing when stakes are raised. He is worthy of an opportunity to alter that, including by pressing home knowledge of the club he is so keen to stress he garnered as a coach under Steven Gerrard. Beating Celtic on Sunday would deliver a morale boost but in bigger-picture terms Rangers need to rejuvenate themselves as an efficient and effective club. Neither presently applies.

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    The case of Ross Wilson emphasises how quickly life can come at you as a Rangers employee. Last May, after Rangers sampled rare domestic glory in the Scottish Cup, the sporting director was posting Union Jack emojis on social media in a lame attempt to ingratiate himself to a supporter base who within months were holding up banners calling for his removal. Wilson, who is very good at talking the talk, has shuffled off to relegation-threatened Nottingham Forest.

    John Bennett – whose mantra for Rangers of “best in class” is rather undermined by performance – is the new chairman. James Bisgrove will step into the shoes soon to be vacated by the managing director Stewart Robertson. With Bisgrove as commercial director, Rangers have attracted a level of partners which would make Elizabeth Taylor blush. In the domain of Scottish football and its complex politics, though, he is a lightweight; this looks like rearranging deckchairs.

    When dust settles on an inevitably fractious Hampden clash, Rangers will trundle through a handful of meaningless league games. A Scottish Cup final beyond those five humdrum fixtures would increase the club’s sense of status. Thereafter, and more importantly, Beale needs to trigger a seismic shift. Even in this madcap football world, it seems fair to allow him a decent chance at that.

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    ( With inputs from : www.theguardian.com )

  • Biden’s Running. Which Republican Has the Best Chance of Beating Him?

    Biden’s Running. Which Republican Has the Best Chance of Beating Him?

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    Perhaps most importantly, Biden proved in 2020 that not only could he rebuild the so-called Blue Wall (Michigan, Pennsylvania and Wisconsin), he could snag increasingly purple Arizona and Georgia.

    So which Republican contender is best positioned to take on Biden and win back those swing states? Here’s a clear-eyed look at their strengths and weaknesses.

    Former President Donald Trump

    Twice impeached, once indicted, the only president since the advent of polling whose approval ratings never cracked 50 percent, Trump doesn’t exactly cut the profile of a model challenger. Even in his two presidential runs, his high-water mark in the popular vote was just under 47 percent. But in 2016, he showed there was a path to an Electoral College win nonetheless.

    In a rematch with Biden, Trump would likely be better politically positioned than many of his GOP rivals on issues like entitlement reform and abortion, where he’s tacked a bit more to the center. Still, there is the matter of the five states that Biden flipped in 2020. Trump wouldn’t need to win all of them back to recapture the White House but he would likely need at least three of those states — and none of them is a slam dunk.

    That’s not because of Biden’s strengths, but Trump’s flaws. There are clear signs of a more professionalized Trump campaign operation than in the past. But Trump is still Trump (see, for example, his Easter message on the holiest day on the Christian calendar). The swing states that will decide the 2024 election are among those that have been the most destabilized by Trump’s polarizing politics, either because of his conflicts with the state parties or the forces unleashed by his baseless claims of election fraud.

    Take Georgia: The 2022 Republican primary there represented a massive repudiation of the former president; the cherry on top came in the December Senate runoff, when Trump’s handpicked nominee Herschel Walker was defeated. In Arizona, ground zero for election denialism, the Trump-endorsed statewide candidates crashed and burned in November. Biden was no asset to Democrats in 2022, but Trump was equally damaging. While 38 percent of Arizona voters said they cast their votes to oppose Biden, according to exit polls, 35 percent said their votes were to oppose Trump.

    The Blue Wall that Trump cracked in 2016 is equally daunting. Democrats are now in ascendance in Michigan and Pennsylvania — which have moved in tandem in presidential elections for close to 40 years — in no small part due to a backlash against Trump in their most populous suburbs. Short of a massive rural turnout in those states, or a black swan event, Biden has a decided edge against Trump in both places.

    In Wisconsin, the closest of the three states in 2020, a mere 20,000 votes separated Biden and Trump. But the trendlines for the GOP aren’t promising there either. In both 2016 and 2020, Trump ran behind traditional Republican margins in the conservative suburbs of Milwaukee that are essential to GOP chances. Worse, the Trump era has seen the rise of liberal Dane County as an electoral powerhouse — witness the recent state Supreme Court election — and a Trump-led GOP ticket is guaranteed to generate another monster turnout there.

    Florida Gov. Ron DeSantis

    In the view of many Republican officials, DeSantis is Trump without the baggage and drama. If he runs, they envision a conservative big-state governor, fresh off a landslide reelection, prosecuting a vigorous case against an enfeebled Biden — an incumbent who’s nearly twice his age.

    It’s true that DeSantis might staunch the bleeding in traditionally Republican suburbs, particularly across the Sun Belt, while maintaining the other elements of the MAGA coalition. Just as important, his robust performance among all Latino groups in Florida in his 2022 reelection caught both parties’ attention — he outpaced even Trump’s 2020 Latino gains.

    But the governor’s recent stumbles have raised real questions about how he’d fare on the national stage under the relentless pressures of a presidential election — where there is no place for the press-averse DeSantis to hide from the media. And the disciplined approach and sharp political instincts that enabled his rapid rise on the national scene haven’t been sufficient to shield him from Trump’s assault. If he does emerge from a smashmouth primary against Trump — and with Trump, there is no other kind — DeSantis will enter the general election against Biden with deep scars to show for it.

    In presidential elections, governors typically face questions about their lack of foreign policy experience, and DeSantis’ description of Russia’s war in Ukraine as a “territorial dispute” — which he later walked back amid bipartisan criticism — will only bolster the case for Biden as an experienced hand.

    Yet that stance may not be nearly so politically problematic as the bill he signed recently banning abortions after six weeks of pregnancy. DeSantis — who is expected to announce his candidacy in May, after the legislative session — may have advanced his prospects in a GOP primary, but polling and recent election results in the swing states that will decide the presidency suggest his position could be a millstone. If DeSantis is the GOP nominee, the ban makes it more likely than ever that abortion rights will be a central issue in 2024, drowning out the other issues where Biden would be more vulnerable.

    Former Vice President Mike Pence

    Biden proved that former vice presidents can sit on the sidelines for four years and still return to win the presidency. But Pence is no ordinary vice president. For one thing, his boss expressed support for hanging him amid the Jan. 6 riot.

    That strained relationship with Trump has made Pence, who said Sunday he’ll announce his 2024 presidential decision “well before” late June, a longshot to win the nomination. The best case for Pence in a general election is that he is a Reagan conservative whose loyal service to Trump could bridge the gap between traditional Republicans and the MAGA wing of the party. As a former Midwestern governor, he’s positioned to compete in the industrial swing states that flipped to Biden in 2020. Georgia’s 16 electoral votes would also seem to be in reach for Pence, given the architecture of Republican Gov. Brian Kemp’s successful 2022 reelection campaign.

    The flip side is that some corners of the MAGA movement might never forgive Pence’s refusal to bend to Trump’s pressure to block certification of the 2020 Electoral College votes. And Pence’s vote-winning appeal on his own remains uncertain. Despite his estrangement from Trump — and a suburban dad image — he can’t easily sidestep his affiliation with Trump’s slash-and-burn politics. Pence ran statewide just once — in 2012 in Indiana, a red state where he ran well behind Mitt Romney’s pace that year. He was no shoo-in for reelection in 2016 before Trump plucked him to join his presidential ticket.

    Former South Carolina Gov. Nikki Haley

    The daughter of Indian immigrants, Haley would be a historic nominee — the first woman and the first person of color to lead the GOP ticket. That status, along with her age — she’s roughly 30 years younger than Biden — would make for a stark contrast on the campaign trail.

    Haley, who announced her bid in February, also offers the prospect of shrinking the gender gap in the general election — which was a yawning 57-42 in 2020. Exit polls from her 2014 reelection also showed Haley ran strong in the suburbs and with independents, two additional groups Trump lost in 2020.

    But establishing her independence from Trump won’t be easy. She’s frequently been critical of the former president, including in 2016 when she decried “the siren call of the angriest voices.” But she also went to work for Trump as his ambassador to the U.N. and has spent the last few years praising his agenda — positions that could limit her appeal with voters looking for a clean break from Trump.

    South Carolina Sen. Tim Scott

    Scott’s formidable political skills have been on display since then-Gov. Nikki Haley appointed him to the Senate in 2013. Within a year, he had outperformed both Haley and senior Sen. Lindsey Graham on the ballot. In 2016, he ran ahead of Donald Trump in South Carolina by more than 86,000 votes.

    In his three Senate campaigns, however, Scott has never faced serious Democratic opposition or intense media scrutiny. It showed on his second day of campaigning after announcing a presidential exploratory committee, when he stumbled badly on the question of whether he’d back federal abortion restrictions.

    And any expectation that Scott, who would be the GOP’s first Black presidential nominee, could carve out some of Biden’s considerable support among Black voters must be tempered by Scott’s actual performance. While the senator has improved his percentages over the past decade, he regularly loses the majority of the state’s nine majority Black counties.

    Other Candidates

    Several candidates making the early state rounds — among them, Vivek Ramaswamy and Perry Johnson — don’t have an electoral record to assess. But former two-term Arkansas Gov. Asa Hutchinson and current New Hampshire Gov. Chris Sununu have met with success at the ballot box, not to mention some of the highest approval ratings in the nation. As popular, traditional conservatives who have been lonely Trump critics within the party, they’d likely be well positioned to compete across the map in a general election — but the GOP base doesn’t show much appetite for nominating a Trump critic.

    Former New Jersey Gov. Chris Christie, a one-time Trump ally who has become a sharp critic, faces the same predicament. He’s the rare conservative who’s won statewide in a blue state and his successful stint as chairperson of the Republican Governors Association gives him familiarity with the demands of running competitively across the national map.

    But an experience during his failed 2016 presidential campaign captured both the promise and the flaws of a potential candidacy. In winning the coveted endorsement from the New Hampshire Union-Leader, a prominent voice in the early state’s primary, publisher Joseph McQuaid described Christie as “a solid, pro-life conservative” who managed to win and govern in a liberal state.

    Several months later, however, the newspaper rescinded its endorsement after Christie’s surprise endorsement of Trump. “Watching Christie kiss the Donald’s ring this weekend — and make excuses for the man Christie himself had said was unfit for the presidency — demonstrated how wrong we were,” McQuaid wrote. “Rather than standing up to the bully, Christie bent his knee.” Biden wouldn’t have to try very hard to remind the public.

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    ( With inputs from : www.politico.com )

  • ‘Last chance’: SC to Raj, Telangana, J&K on identification of minorities

    ‘Last chance’: SC to Raj, Telangana, J&K on identification of minorities

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    New Delhi: The Supreme Court Monday gave the states of Rajasthan and Telangana and the Union Territory of Jammu and Kashmir six weeks to submit their responses on the issue of identification of minorities at the state level, after the Centre pleaded for giving them a “last opportunity”.

    Additional Solicitor General (ASG) K M Nataraj, appearing for the Centre, told a bench of Justices S K Kaul and A Amanullah that responses were still awaited from Rajasthan and Telanagana. Part reply from Jammu and Kashmir was also awaited, he said.

    He urged the bench to give them the last opportunity to furnish their responses.

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    The bench, while giving them six weeks to respond, said copy of its order be sent to the two states and the Union Territory informing them that the apex court will close the opportunity for accepting their responses if they fail to do so within the deadline.

    The top court posted the matter for further hearing in July.

    The apex court was hearing the pleas, including the one filed by advocate Ashwini Kumar Upadhyay, which has sought directions for framing guidelines for identification of minorities at the state level, contending that Hindus are in minority in 10 states.

    While hearing the matter on January 17, the apex court had expressed displeasure over six states and Union Territories (UTs), including Rajasthan and Telengana, not submitting their comments to the Centre on the issue of identification of minorities at the state level.

    “We fail to appreciate why these states/Union Territories do not respond and thus give last opportunity to the central government to obtain the responses from them, failing which we will presume that they have nothing to say,” it had said.

    On January 17, Attorney General R Venkataramani, appearing for the Centre, had referred to the status report filed by the Ministry of Minority Affairs which said that 24 states and six UTs have so far furnished their comments on the issue.

    The status report, filed in the apex court in January, had said that comments from six states and UTs — Arunachal Pradesh, Jammu and Kashmir, Jharkhand, Lakshadweep, Rajasthan and Telangana — were still awaited.

    On November 22 last year, the Centre had told the top court that it has held consultative meetings with all state governments, UTs and other stake holders on the issue of identification of minorities at the state level and 14 states had furnished their views so far.

    During the earlier hearing, Upadhyay had told the bench that he has challenged the validity of section 2(f) of the National Commission for Minority Education Institution Act, 2004.

    Terming section 2(f) of the Act, which empowers the Centre to identify and notify minority communities in India, as “manifestly arbitrary, irrational, and offending”, his plea has alleged that it gives unbridled power to the Centre.

    “Can minority status be decided district-wise? How can that be done,” the bench had earlier observed during the hearing.

    On May 10 last year, the apex court had expressed displeasure over the Centre’s shifting stand on the issue of identification of minorities, including Hindus, at the state level and directed it to hold consultations with the states within three months.

    In supersession of its earlier stand, the Centre had told the apex court that power to notify minorities is vested with the Union government and any decision with regard to the issue will be taken after discussion with states and other stake holders.

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    ( With inputs from www.siasat.com )

  • Non-Twitter Blue users now have last chance to switch away from SMS 2FA

    Non-Twitter Blue users now have last chance to switch away from SMS 2FA

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    San Francisco: Non-Twitter Blue users now have the last chance to switch away from the company’s SMS two-factor authentication (2FA) method, as the micro-blogging platform will no longer allow non-Blue accounts to use text messages as a 2FA method after Monday.

    Also, users will now not be able to enrol in the text message/SMS method of 2FA unless they are Blue subscribers.

    The company had made this announcement last month and said that after March 20, non-Blue accounts with text message 2FA still enabled “will have it disabled.”

    Currently, the platform offers three methods of 2FA — text message, authentication app and security key.

    The company also encouraged non-Blue users to “consider using an authentication app or security key method instead.”

    Meanwhile, Twitter had confirmed that it will charge Rs 650 per month for its Blue service with verification on the web and Rs 900 on Android and iOS mobile devices in India.

    In December last year, the micro-blogging platform relaunched its Blue subscription service with verification, costing $8 for Android users and $11 for iPhone owners per month globally.

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    ( With inputs from www.siasat.com )

  • Golden Chance: Mega Job Fair At Srinagar – Check Details – Kashmir News

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    Mega Job Fair At Srinagar: Government of Jammu & Kashmir Directorate of Employment, J&K is organizing “One Day Job Fair/Mela” in collaboration with Directorate of Lifelong Learning, Department of social work, Department of Management Studies, Centre for Career Planning & Counseling & Department of Inst of Technology, Zakura University of Kashmir, Hazratbal, Srinagar.

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    Interested candidates can participate in the job fair and explore the job opportunities.WhatsApp Image 2023 03 19 at 17.43.51

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    ( With inputs from : kashmirnews.in )

  • Hyderabad: Alliance seekers gear up for another chance to find life partners online

    Hyderabad: Alliance seekers gear up for another chance to find life partners online

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    Siasat Matri to release a new episode of the video matrimonial series on March 12, providing hope for those struggling to find life partners.

    The upcoming episode of the video matrimonial series will showcase profiles from diverse backgrounds, improving the odds of individuals finding compatible life partners.

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    The video matrimonial series episode will be free to access on their YouTube channel (click here) at 3 pm on Sunday.

    The upcoming episode of the video matrimonial series will showcase profiles of potential brides and grooms, along with contact numbers for their respective family members. This will enable viewers to easily get in touch with them, enhancing the chances of finding a suitable life partner.

    The video matrimonial series has already released 46 episodes. The series continues to offer hope and opportunities for individuals seeking life partners through its diverse profiles and easy accessibility.

    Interested in featuring your profile in the next episode?

    If you’re interested in having your profile featured in the next episode of the video matrimonial series, simply register with Siasat Matri. In addition to the series, their experienced staff will analyze your profile and suggest matches based on your expectations.

    Over time, Siasat Matri has successfully helped many individuals find their ideal life partners. With a diverse range of profiles and easy accessibility, the platform offers hope and opportunities for those seeking alliance.

    Its personalized approach and commitment to helping its users find happiness have made it a trusted resource for many in their quest to find a life partner.

    Register now (click here) and choose a membership plan (click here) to take the first step in finding your better half.

    All services can be availed on mobile by downloading the Android Application of ‘Siasat Matri’ from the Google Play store (Download Now) & iOS App for Apple (Download Now).

    For any assistance, talk to Siasat Matri team by dialing +917207524803 or +917207244144 or +919550494556.

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    ( With inputs from www.siasat.com )

  • BJP’s ‘selfie with beneficiary’ campaign chance to bless PM, says Irani

    BJP’s ‘selfie with beneficiary’ campaign chance to bless PM, says Irani

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    Aurangabad: The Bharatiya Janata Party on Monday launched its ‘selfie with beneficiary’ campaign in Aurangabad in Maharashtra in the presence of Union Minister Smriti Irani.

    It will see party activists reaching one crore beneficiaries of schemes of the BJP-led Union government and clicking selfies with them and uploading them on the NAMO app, the campaign’s national coordinator Medha Kulkarni said.

    “This is not merely about selfies. It is a chance for the beneficiary to send their blessings to Prime Minister Narendra Modi,” said Irani.

    Union Minister Bhagwat Karad, state minister Atul Save and BJP leader Chitra Wagh were present on the occasion.

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    ( With inputs from www.siasat.com )

  • Biden gets chance to redefine World Bank role

    Biden gets chance to redefine World Bank role

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    The path ahead is littered with obstacles for the U.S.

    The Biden administration will need to identify a leader with the ability to wrangle a giant bureaucratic institution. It will have to guide the bank’s other leading shareholders, including China, through an organizational overhaul to focus on climate concerns on a much larger scale. And an expanded climate change agenda might eventually require a substantial capital increase from the bank’s 189 member countries — a move that could prove difficult since it would require approval of the U.S. Congress, where Republican lawmakers have been critical of both the bank and the climate agenda.

    What’s more, it’s no guarantee that the U.S. president will get to choose the next leader — and that the choice will be an American. That’s a tradition some other governments have begun to resist, especially since the position is expected to grow in importance as major shareholder nations push the bank to become a leader on global issues like future pandemics and cross-border conflicts, as well as climate change.

    Whoever takes over will have to balance the agenda of the U.S., the bank’s largest shareholder, with concerns from other countries that fear a move away from the institution’s core mandates of fighting poverty and funding economic development projects within national borders.

    “The world wants to move quickly, but we have to move in a way that builds consensus and recognizes that not all 189 members see the tradeoffs and the balance between global challenges and country-focused development in the same way,” said Masood Ahmed, president of the Center for Global Development, a think tank. “That’s what the job is going to be for the next president, how do you build a way forward?”

    Malpass says he stepped down from his post voluntarily. But pressure from the Biden administration on the leader of the world’s top development organization over its climate agenda helped push him to the exit.

    Treasury Secretary Janet Yellen in recent months repeatedly and publicly pressured the bank to deliver on reforms that aim to turn the institution into a climate finance powerhouse. The administration’s climate czar John Kerry, a leading contender for the job, has also urged the bank to do more.

    Malpass, a former senior Treasury Department official who was appointed to the post by President Donald Trump in 2019, came under fire last September for comments in which he cast doubt on the science underpinning concerns about climate change. Those remarks were condemned by White House Press Secretary Karine Jean-Pierre, and he later walked them back, but it led to calls for fundamental reforms of the bank to speed financing of the transition to greener energy.

    The remarks complicated Malpass’s position, but Yellen has also spoken positively about some of the World Bank’s climate initiatives during his tenure. The outgoing World Bank chief was recognized by the administration as being generally well-liked among the bank’s nearly 16,000 staff, and his response to the pandemic was held in high regard by member countries.

    Still, Yellen has viewed the World Bank as a key linchpin for the global response to climate change.

    “The world cannot afford to delay or lower our ambitions,” she said in a speech outlining her views last October. “The current challenges are urgent. That is why I, along with leaders from a broad group of countries, will be calling on World Bank management at the Annual Meetings next week to work with shareholders to develop a World Bank evolution roadmap by December. Deeper work should begin by the spring.”

    “She’s calling for fundamental reform, and they’re going to start with the World Bank,” said Kevin Gallagher, director of Boston University’s Global Development Policy Center. “She charged the management to come up with the plan, knowing that a few months ago, the guy who is the head of it denied climate change.”

    “This agenda is not his. It’s Janet Yellen’s,” he added.

    A World Bank spokesperson pointed to Malpass’s public remarks on his resignation and declined to comment further.

    Malpass, in media interviews following his announcement that he would step down by July, dismissed suggestions that he was forced out. He stressed that he left on his own terms. He also defended his climate record at the bank, noting that the institution delivered a record level of climate finance — $32 billion — in fiscal 2022.

    “This is a good time for the transition at the bank and a good time for me personally,” Malpass said in an interview with Devex, a publication that covers the development sector.

    One person close to Malpass said the differences between him and the Biden administration were “overblown.”

    “I think he was tired of the job,” the person said. “The administration’s reform agenda is still pretty amorphous, so it’s not as if he was opposing specific policy preferences.”

    Malpass showed support for the initiative, releasing a 20-page roadmap on the bank’s evolution, but experts said his mixed past on climate change didn’t bode well for a new vision for the bank.

    “The process has been managed in a way where [Malpass] was able to save face enough to be able to exit gracefully,” said Jonathan Walters, a former senior World Bank official. “If he had been a climate leader he would have invigorated the institution behind climate. But he wasn’t, so he didn’t.”

    Yellen, earlier this month, said the U.S. expected to see ideas “translated into action” over the next few months. The World Bank’s annual spring meetings it holds in conjunction with the International Monetary Fund in April is the next inflection point for the effort.

    “[Yellen] and many others had expressed concerns about how he was performing in the role. And he made a decision that it would be in his and the institution’s best interest to move along at a time that could allow for a smooth transition over the months ahead,” said a former Biden administration official.

    The job ahead will be a challenge for anyone who takes the helm. Divisions among member countries and within staff are emerging as the bank starts to move forward with its climate agenda. That includes cutting off new financing for projects that use fossil fuels and shift more toward renewables.

    “Most of the World Bank staff who are not climate specialists did not believe the directive from the U.S. and EU against funding natural gas projects was productive,” said a person close to Malpass.

    Two of the organization’s main branches, the International Bank for Reconstruction and Development and the International Development Association, did not invest in new fossil fuel finance in fiscal 2021, and the group has not financed upstream oil and gas projects since 2019.

    The bank’s new roadmap has raised concerns that traditional efforts aimed at eliminating poverty and funding national development will be sidelined and the move toward climate-friendly projects will become an unfunded mandate for poorer countries.

    There’s also fear that most of the climate financing will flow more easily into efforts to mitigate carbon emissions largely produced by wealthier countries rather than for initiatives to help poorer nations already struggling to adapt to the ravages of climate change.

    Given the high hurdle of increasing the World Bank’s overall capital, two big challenges facing the next leader will be optimizing the bank’s balance sheets to get more bang out of the institution’s existing capital and mobilizing private capital more than five times greater than it currently is, said Masood of the Center for Global Development.

    “There is a need to make sure that reform moves forward,” he said. “You can build consensus around the U.S. and G7 [countries] but the 189 members all need to be sufficiently bought into that.”

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    ( With inputs from : www.politico.com )

  • The U.S., Owning a Powerhouse Microchip-making Industry? Fat Chance, Taiwan’s Tech King Told Pelosi.

    The U.S., Owning a Powerhouse Microchip-making Industry? Fat Chance, Taiwan’s Tech King Told Pelosi.

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    Pelosi told me in a recent interview that Chang, an engineer trained at MIT and Stanford, began with a light remark.

    “Fifty billion dollars – well, that’s a good start,” Chang said, according to her recollection.

    Four people present for the meeting, including Pelosi, said it quickly became evident that Chang was not in a kidding mood.

    With Taiwan’s president, Tsai Ing-wen, looking on, the billionaire entrepreneur pressed Pelosi with sobering questions about the CHIPS law — and whether the policy represented a genuine commitment to supporting advanced industry or an impulsive attempt by the United States to seize a piece of a lucrative global market.

    Chang said he was pleased that his company could benefit from the subsidies; TSMC already had a major development project underway in Arizona. But did the United States really think it could buy itself a powerhouse chipmaking industry, just like that?

    That very question now hangs over the Biden administration as it prepares to implement the semiconductor spending in the CHIPS and Science Act. The next phase is due to begin this month with the unveiling by the Commerce Department of a detailed process for awarding subsidies. The law already looks like a useful political trophy for Biden, claiming a prominent spot in his State of the Union Address.

    The law is an emblem, in Biden’s telling, of his commitment to creating the jobs of the future and armoring America’s economy against the disruptions that an increasingly militant China could inflict, potentially by attacking Taiwan. Pouring subsidies into chip fabrication would “make sure the supply chain for America begins in America,” Biden said told Congress.

    That is far from a sure bet. As Chang told Pelosi, there is a long distance between the cutting of government checks and the creation of a self-sustaining chips industry in the United States.

    His candid concerns represent a rough guide to the challenges Biden’s semiconductor policy will have to address if it is to succeed, long after the immediate political fanfare has abated — and well past the point that its generous subsidies for big business have run out.

    Over lunch, Chang warned that it was terribly naïve of the United States to think that it could rapidly spend its way into one of the most complex electronics-manufacturing markets in the world. The task of making semiconductor chips was almost impossibly complicated, he said, demanding Herculean labors merely to obtain the raw materials involved and requiring microscopic precision in the construction of fabrication plants and then in the assembly of the chips themselves.

    Was the United States really up to that job?

    The industry evolves at incredible speed, Chang continued. Even if the United States managed to build some high-quality factories with the spending Pelosi championed, it would have to keep investing more and more to keep those facilities up to date. Otherwise, he said, Americans would in short order find themselves with tens of billions of dollars’ worth of outdated hardware. A once-in-a-generation infusion of cash would not be enough.

    Was America really prepared to keep up?

    If the United States wanted a semiconductor industry it could rely on, Chang said, then it should keep investing in the security of Taiwan. After all, his company had long ago perfected what Americans were now trying to devise on their own.

    As course upon course of small plates came and went, Chang’s discourse ran on so long that his wife, Sophie, cut in at one point with a terse interjection; Chang told the group she thought he was talking too much. Tsai, observing the whole exchange, noted to Pelosi and the other Americans that Chang had a reputation for always speaking his mind.

    Several people described Chang’s remarks on condition of anonymity in order to discuss a sensitive private meeting. Indeed, the only person who agreed to speak with me about it on the record was Pelosi. She was also the only one who sounded untroubled by Chang’s skepticism about the United States as a home for the semiconductor trade.

    “He knows America quite well,” she said, “and the questions he asked I saw almost as an opportunity to respond, even if some of it was challenging.”

    Unlike other people I spoke to, Pelosi said she was not put off by the severity of Chang’s language. Lauding Chang as an “iconic figure,” she told me several times: “I was in such awe of him.”

    But Pelosi said she had also delivered a firm message of her own: “That we knew what we were doing, that we were determined to succeed with it – that it was a good start.”

    Other Taiwanese executives present voiced hesitation, Pelosi acknowledged, with some questioning whether American environmental and labor laws were consistent with the goal of nurturing a sophisticated industry. In our conversation, she rejected the idea that there might be tensions between her political party’s grand economic and social aspirations, and the narrower aims of the CHIPS law.

    Chang, naturally, is not a disinterested observer of the American semiconductor effort. His company is a singular global power; its overwhelming importance in the high-tech supply chain has become a vital strategic asset for Taiwan as it gathers allies in an age of deepening conflict with the Chinese Communist Party. If China blockaded or invaded the island, the impact on TSMC’s operations alone would convulse the international economy. That is a strong incentive for wealthy democracies to defend Taiwan with more than blandishments about self-determination.

    Chang has questioned in other settings whether the United States is a suitable environment for semiconductor manufacturing, pointing to gaps in the workforce and defects in the business culture. On a podcast hosted by the Brookings Institution last year, Chang lamented what he called a lack of “manufacturing talents” in the United States, owing to generations of ambitious Americans flocking to finance and internet companies instead. (“I don’t really think it’s a bad thing for the United States, actually,” he said, “but it’s a bad thing for trying to do semiconductor manufacturing in the U.S.”)

    He repeated a version of that critique over lunch in August, prompting one member of Pelosi’s delegation, Rep. Raja Krishnamoorthi, to speak up and urge Chang to visit Krishnamoorthi’s home state of Illinois to get a better sense of the American workforce. Chang did not indicate he was tempted by the invitation.

    When I asked several Biden administration officials about Chang’s criticism, the message I got back was a confident-sounding “stay tuned.” The next stage of CHIPS implementation, they said, would reveal in more detail how the law would be used to unlock a torrent of private-sector investment and make American semiconductor fabrication a sturdy, long-range enterprise. They did not reject Chang’s concerns about the current U.S. workforce, but pointed to American tech hubs like Silicon Valley and North Carolina’s Research Triangle as evidence that we do know how to build dynamic, fully staffed tech hubs in this country. Now, they said, we need to build more of them.

    Not long after his luncheon with Pelosi, Chang visited an area that figures to become one of those hubs. In Arizona, he joined Biden at a vast construction site in north Phoenix where TSMC is building a gargantuan complex that may stand as something of a counterpoint to Chang’s overarching skepticism about the law. His company mapped out plans for an Arizona project before Biden became president, but after the passage of the CHIPS law TSMC announced it would massively increase its investment in the state — from $12 billion to $40 billion — and build a second facility there, too.

    The final result would be a fabrication center that is expected to supply Apple and other American tech companies, employing thousands in a state that also happens to be a major electoral battleground. Not incidentally, it would likely be eligible for U.S. subsidies.

    That, Biden said in December, was more than just a good start. He declared in Phoenix that the United States was “better positioned than any other nation to lead the world economy in the years ahead — if we keep our focus.”

    Morris Chang could have told Biden that was a big “if.”

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    #U.S #Owning #Powerhouse #Microchipmaking #Industry #Fat #Chance #Taiwans #Tech #King #Told #Pelosi
    ( With inputs from : www.politico.com )