US Ratings Downgrade Casts Spotlight on AAA Ones Standing
The fallout from Fitch Ratings’ downgrade of the US puts the focus on the countries still holding onto
2023-08-02 12:59
CNN host rails against Donald Trump comparing prosecutors to Nazis
The Donald Trump campaign’s comparison of the latest criminal charges against him to Nazi Germany is “beyond the pale, in terms of offensiveness and ignorance”, CNN’s Jake Tapper has said. The former president was indicted on Tuesday on four charges by a grand jury hearing evidence in Special Counsel Jack Smith’s investigation into efforts to overturn the 2020 election. This is Mr Trump’s third criminal indictment, his second federal indictment and his first for his alleged conduct while in office as president. In response to the indictment, the Trump campaign issued a statement that the charges against him amounted to election interference along with the comparison to Nazi Germany. “The lawlessness of these persecutions of President Trump and his supporters is reminiscent of Nazi Germany in the 1930s, the former Soviet Union, and other authoritarian, dictatorial regimes,” a part of the lengthy statement said. “These un-American witch hunts will fail.” Tapper denounced Mr Trump for the ignorant comparison while his colleague Kaitlan Collins, who read his full statement said it was a glimpse of the Trump team’s argument to challenge the charges. “They’re saying it’s persecution and that it is reminiscent of Nazi Germany in the 1930s and the former Soviet Union. Just giving you a kind of window into the argument they’re going to be making tying this all back to the campaign,” Collins said. The remarks also drew criticism from activists and civil rights organisations. “Comparing this indictment to Nazi Germany in the 1930s is factually incorrect, completely inappropriate and flat out offensive,” said Anti-Defamation League CEO Jonathan Greenblatt. “As we have said time and again, such comparisons have no place in politics and are shameful.” The reaction by CNN’s Tapper was followed by Fox News host Jesse Watters’ outburst of comparing the indictment to a war crime on the order of the atomic bombing or germ warfare. “This is overkill,” Watters said in a segment on Tuesday. “This is political germ warfare. These are political war crimes. It’s an atrocity. It’s like not just dropping one atomic bomb, you drop 15 dozen.” Later in his show, Watters shopped short of refuting the various charges against Mr Trump, but rather said they shouldn’t be considered significant crimes. The latest legal woe comes for Mr Trump as he faces the prospect of yet another potential indictment in Georgia where the former president was recorded on a phone call pressuring top officials to “find” him enough votes to reverse his loss in the state to Joe Biden during the 2020 election. Read More Trump indictment live updates: Grand jury charges Trump on four counts in 2020 election interference probe Revealed: ‘Monster’ care worker raped elderly dementia patients - but authorities don’t know how many How prosecutors could charge Trump with racketeering in Georgia case Trump indicted on four counts in 2020 election interference probe – live Takeaways from the Trump indictment that alleges a campaign of 'fraud and deceit' The judge assigned to Trump's Jan. 6 case is a tough punisher of Capitol rioters
2023-08-02 12:59
Summers, El-Erian Pile Criticism on Fitch Downgrade Decision
Prominent economists Larry Summers and Mohamed El-Erian joined a cohort of their peers in criticizing Fitch Ratings’ decision
2023-08-02 11:50
Oil Rises After Industry Report Points to Massive Inventory Draw
Oil resumed a rally after an industry estimate pointed to a huge drawdown in US inventories, adding to
2023-08-02 11:49
Framber Valdez welcomes Justin Verlander back to Astros with no-hitter: Best memes and tweets
On the day that the Houston Astros brought Justin Verlander back in a trade, another ace in Framber Valdez stepped up with a pristine no-hitter.Before Tuesday night, the last Houston Astros pitcher to throw a no-hitter was Justin Verlander on Sept. 1, 2019. On the day that Houston traded to brin...
2023-08-02 10:51
Asia Stocks Drop on Profit Taking, Fitch Fallout: Markets Wrap
Asia stocks fell as Fitch Ratings’ downgrade of the US sovereign rating sapped risk sentiment following a strong
2023-08-02 10:29
KPMG warned Brazil's Americanas about lack of financial controls in 2019, partner says
(Corrects last name of KPMG partner to Bellangero, not Belangero, throughout the story) By Carolina Pulice and Andre Romani SAO
2023-08-02 09:20
Car Injures 10 People Near NYC’s Grand Central Terminal, FDNY Says
The driver of a stolen vehicle struck several pedestrians near Grand Central Station in Manhattan on Tuesday, causing
2023-08-02 08:48
AMD Gains After Chipmaker Tops Estimates, Makes AI Inroads
Advanced Micro Devices Inc. gained in late trading after the chipmaker topped second-quarter estimates and touted inroads in
2023-08-02 08:21
Credit Suisse to Shutter Houston Office as Part of UBS Takeover
Credit Suisse Group AG is closing its office in Houston as part of the bank’s emergency takeover by
2023-08-02 07:59
Women's World Cup: Brazil faces must-win match against Jamaica
Jamaica's 'Reggae Girlz' are becoming accustomed to making history.
2023-08-02 07:58
US Credit Rating Downgraded From AAA by Fitch
The US was stripped of its top-tier sovereign credit grade by Fitch Ratings, which criticized the country’s ballooning
2023-08-02 07:57