WASHINGTON (NYTIMES) - In the span of four days, President Donald Trump's family business has lost its online store, the buzz from Mr Trump's promotional tweets about its luxury resorts and bragging rights as host to one of the world's most prestigious golf tournaments. The mob attack on Congress last week by Mr Trump's supporters has spurred a reckoning for the Trump Organisation by businesses and institutions, at a scale far greater than his previous polarising actions. And the Trump brand, premised on gold-plated luxury and a super-affluent clientele, may not fully recover from the fallout of his supporters violently storming and vandalising the US Capitol, hospitality analysts say and some people close to the business acknowledge. Other companies linked with the Trumps, including Deutsche Bank, the President's largest lender, and Signature Bank, are also seeking distance from him and his business. The backlash is part of a broader shunning of Mr Trump and his allies unfolding in the wake of the deadly assault on the Capitol. Schools stripped the President of honorary degrees, some prominent Republicans threatened to leave the party and the New York state Bar Association announced it had begun investigating Mr
WASHINGTON (REUTERS) - Dr Janet Yellen, United States President-elect Joe Biden's nominee to run the Treasury Department, will tell the Senate Finance Committee on Tuesday (Jan 19) that the government must "act big" with its next coronavirus relief package. Mr Biden, who will be sworn into office on Wednesday, outlined a US$1.9 trillion (S$2.5 trillion) stimulus package proposal last week, saying bold investment was needed to jump-start the economy and accelerate the distribution of vaccines to bring the virus under control. "Neither the President-elect, nor I, propose this relief package without an appreciation for the country's debt burden," Dr Yellen, a former Federal Reserve chair, said in a prepared opening statement for her hearing before the committee. "But right now, with interest rates at historic lows, the smartest thing we can do is act big." "I believe the benefits will far outweigh the costs, especially if we care about helping people who have been struggling for a very long time," she said in the statement, which was obtained by Reuters. The proposed aid package includes US$415 billion to bolster the US response to the virus and the roll-out of Covid-19 vaccines, some US$1 trillion in
Washington One thing the right always had claim to was the belief that — unlike Black Lives Matter and social justice protests — tea party and later MAGA rallies were peaceful, if at times profane, political speech. There have been instances of violence from partisans on both sides, but it was left-wing protests that left cities torched, small businesses in ashes, police forces terrorized and once-vibrant city centers a dystopian mess. That’s gone now. When Trump supporters marched from The Ellipse in front of the White House to storm the U.S. Capitol, they went beyond where the black-mask anarchists have gone. President Donald Trump’s front-line troops assaulted Capitol Police. The terrible goal was for a mob to swarm the seat of U.S. democracy and intimidate lawmakers to overturn the hallowed vote of the American people. It was a journey that began with Trump’s refusal to recognize that former Vice President Joe Biden won the Electoral College. I’ve talked to multiple Trump supporters who told me that the election was stolen, and that fraud skewed the vote in the Democrats’ favor. They stuck to their guns, so to speak, as recounts failed to change a single state’s outcome. They stuck to
