podesta-emails
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** News as of February 26, 2016
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Weekly roundup about our democracy and The Common Good community
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Polls
Hillary’s campaign gets new push from victory in Nevada Democratic caucus: Clinton 52.6% to Sanders 47.3% AP (https://www.google.com/webhp?tab=nw&ei=OJcuVNPWL7DhsATC5IGYDg&ved=0CAQQqS4oAQ#q=nevada+democratic+caucus+results&eob=m.059_c/D/2/short/m.059_c/)
Trump wins South Carolina: Trump 32%, Rubio 22.5% Cruz 22.3%, Bush 8%, Kasich 8%, Carson 7% CBS News (http://www.cbsnews.com/news/results-from-south-carolinas-gop-primary-to-soon-trickle-in/)
Trump wins Nevada: Trump (45.9%) Rubio (23.9%) Cruz (21.4%) Carson (4.8%) Kasich (3.6%) Wash Post (https://www.washingtonpost.com/2016-election-results/nevada/?hpid=hp_hp-top-table-main_nv-graphic0223-desktop%3Aelections-2016%2Fstate-single)
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Domestic Affairs
Fight to have Apple open San Bernardino terrorist phone is heating up: [Apple and DOJ] are now urging Congress to “pursue new ground rules for when tech companies must provide law enforcement with greater access to customers’ secure, private data.” Tony Romm, Politico (http://www.politico.com/story/2016/02/apple-justice-department-iphone-lock-219611)
Guantanamo proposal fuels more partisan politics: When announcing his plan to shut down the prison, Obama pointed out that former Republican presidential nominees have also supported closing the facility. With the bill dead on arrival, questions arise over whether Obama will take executive action. Jordan Fabian and Kristina Wong, The Hill (http://thehill.com/homenews/administration/270530-presidents-last-ditch-gitmo-plan-falls-flat)
Nevada Gov. Brian Sandoval removes himself from consideration a day after reports he was being vetted by the Obama administration. Brent Kendall, WSJ (http://www.wsj.com/articles/nevada-gov-brian-sandoval-removes-himself-from-supreme-court-consideration-1456427598)
Shooting rampage in Kansas, 3 killed: Authorities say the man, Cedrick Larry Ford, 38, was issued an abuse protection order from the courts 90 minutes prior to the shooting. John Eligon and Katie Rogers, NYT (http://www.nytimes.com/2016/02/27/us/kansas-shooting-cedric-larry-ford.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region®ion=top-news&WT.nav=top-news&_r=0)
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2016 Campaign
The most raucous of all GOP debates: Rubio and Cruz realize they have a finite amount of time to make this a one-on-one race with Trump. Jerry Seib, WSJ (http://www.wsj.com/video/debate-cruz-and-rubio-take-aim-at-trump/F5CADD94-7DB1-4305-AA09-804BB6CF7BF0.html?mod=djemCapitalJournalDaybreak)
Despite a good debate performance, ‘Marco-mentum’ is still an illusion: Joe Scarborough argues that despite Rubio’s performance at Thursday’s debate, this may not be enough to further propel his campaign because of his losses to date. Joe Scarborough, Wash Post (https://www.washingtonpost.com/blogs/post-partisan/wp/2016/02/26/rubios-missing-marco-mentum/?wpmm=1&wpisrc=nl_headlines)
NJ Gov. Chris Christie endorses Donald J. Trump: Maggie Haberman, NYT (http://www.nytimes.com/politics/first-draft/2016/02/26/chris-christie-endorses-donald-trump/?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=a-lede-package-region®ion=top-news&WT.nav=top-news)
Trump shatters the GOP: "The Republican party has now fragmented into three main divisions. Ted Cruz heading the traditional conservative purists, Marco Rubio heading the mainstream lane of the GOP, and Donald Trump heading what seem just like angry populists." Shane Goldmacher, Politico (http://www.politico.com/story/2016/02/trump-shatters-the-republican-party-219711)
Jeb Bush ends campaign after a disappointing finish in South Carolina’s primary on Saturday. Jesse Byrnes, The Hill (http://thehill.com/blogs/ballot-box/presidential-races/270170-jeb-bush-ends-campaign)
Congressional Hispanic Caucus PAC to endorse Clinton: Kelsey Snell, WashPost (https://www.washingtonpost.com/news/powerpost/wp/2016/02/25/congressional-hispanic-caucus-pac-to-endorse-clinton/?wpisrc=al_alert-politics)
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The Economy
Finance, not tech, is driving growth in US billionaires: "40% of growth in U.S. billionaires comes down to the finance sector...27% of all U.S. billionaires in 2014 worked in finance." Silvia Ascarelli, Marketwatch (http://www.marketwatch.com/story/finance-not-tech-is-driving-growth-in-us-billionaires-2016-02-25)
Has globalization peaked?: “As export values are falling in the US, China, Africa, and the Middle East, questions are rising over whether globalization has reached its limit.” Shawn Donnan and Joe Leahy, FT (http://www.ft.com/intl/cms/s/0/9e2533d6-dbd8-11e5-9ba8-3abc1e7247e4.html?siteedition=intl#axzz41IBRtQOG)
US growth ‘remains robust’: “Worries about US recession may be a moot point as the dollar strengthens against the common currency and the yen and as American companies accumulate stockpiles faster than was expected.” Richard Blackden, Shawn Donnan, and Sam Fleming, FT (http://www.ft.com/intl/cms/s/0/1fda071e-dc8b-11e5-827d-4dfbe0213e07.html#axzz41IBRtQOG)
Helicoptering money - some calling for doling out dollars with the economy slowing: “The next step is likely to include fiscal expansion...With fiscal expansion might go direct monetary support, including the most radical policy of all: the “helicopter drops” of money recommended by the late Milton Friedman.” Martin Wolf, FT (http://www.ft.com/cms/s/2/9b3c71f8-d97f-11e5-a72f-1e7744c66818.html#axzz41CqsSUZU)
World’s top finance officials meet at G-20 to discuss global economy: Some of the major concerns cited are Japan being on the brink of recession, Europe’s low growth, and China’s struggling economy. Keith Bradsher, NYT (http://www.nytimes.com/2016/02/26/business/international/shanghai-g20-summit-world-economy.html?ref=economy)
http://tk.wsjemail.com/track?type=click&enid=ZWFzPTEmbXNpZD0xJmF1aWQ9Jm1haWxpbmdpZD02MTMyNjMzJm1lc3NhZ2VpZD05ODU5MDAmZGF0YWJhc2VpZD02ODM2MDEmc2VyaWFsPTE2OTk4OTMxJmVtYWlsaWQ9aXNhYmVsbGVsQHRoZWNvbW1vbmdvb2QubmV0JnVzZXJpZD1pc2FiZWxsZWxAdGhlY29tbW9uZ29vZC5uZXQmdGFyZ2V0aWQ9JmZsPSZleHRyYT1NdWx0aXZhcmlhdGVJZD0mJiY=&&&16568&&&http://www.wsj.com/articles/u-s-durable-orders-rise-4-9-in-january-1456407147?mod=djemCapitalJournalDaybreakUS manufacturing jumped 4.9% as orders for long-lasting manufactured goods posted largest monthly gain since last spring: This could be “a sign the battered manufacturing industry could be stabilizing after one of its worst years since the recession ended.” Anna Louie Sussman, WSJ (http://www.wsj.com/articles/u-s-durable-orders-rise-4-9-in-january-1456407147?mod=djemCapitalJournalDaybreak)
Will democracy follow capitalism into Cuba? “Capitalism could be Cuba’s salvation. Cuba began in 2011 to liberalize very gradually, allowing private enterprise to flourish in certain sectors, particularly those related to tourism, like restaurants. The steady infiltration of capitalism just might reform the country.” Steven Rattner, (TCG Speaker), Op-ed, NY Times (http://www.nytimes.com/2016/02/20/opinion/will-democracy-follow-capitalism-into-cuba.html?emc=edit_tnt_20160219&nlid=74308520&tntemail0=y&_r=0)
Plans to break up big banks not all they are cracked up to be: “Risks such as lower lending activity and the fact that small banks still present a risk if they fail, along with other arguments hint that breaking up big banks may not be the solution.” Christian Stracke, Op-Ed, Pimco (http://blog.pimco.com/2016/02/23/break-up-the-big-banks-seven-reasons-why-thats-a-bad-idea/?utm_source=twitter&utm_medium=social_media&utm_content=break_up&utm_campaign=pimco_blog)
The relationship between stocks and oil prices: “One plausible explanation of the tendency for stocks and oil prices to move together is that both are reacting to a common factor, namely, a softening of global aggregate demand, which hurts both corporate profits and demand for oil.” Ben Bernanke, Brookings Institution (http://www.brookings.edu/blogs/ben-bernanke/posts/2016/02/19-stocks-and-oil-prices)
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Foreign Affairs/National Security
North Korea faces tougher sanctions from the US and China: Pyongyang’s nuclear weapon test led the two countries to make this negotiation, which will be voted on by the UN Security Council in upcoming days. This appears to be a diplomatic shift on Beijing’s end, but it is unclear if China would be willing to pursue tougher sanctions. Somini Sengupta, NYT (http://www.nytimes.com/2016/02/26/world/asia/north-korea-sanctions.html?emc=edit_tnt_20160226&nlid=74308520&tntemail0=y)
Growing concern over ISIS in Libya: More than a dozen American officials have spoken about their rising concern regarding ISIS, as “the Islamic State’s branch in Libya is deepening its reach across a wide area of Africa, attracting new recruits from countries like Senegal.” Eric Schmitt, NY Times (http://goo.gl/IJTM2m)
How ISIS secret banking network prospers: "Every day, hundreds of money-exchange offices in Iraq, Syria, Turkey and Jordan funnel millions of dollars (http://tk.wsjemail.com/track?type=click&enid=ZWFzPTImbXNpZD0xJmF1aWQ9Jm1haWxpbmdpZD02MTMxMDI4Jm1lc3NhZ2VpZD04Njg5MDAmZGF0YWJhc2VpZD02ODIwMDAmc2VyaWFsPTMzODk1NDU0JmVtYWlsaWQ9aXNhYmVsbGVsQHRoZWNvbW1vbmdvb2QubmV0JnVzZXJpZD1pc2FiZWxsZWxAdGhlY29tbW9uZ29vZC5uZXQmdGFyZ2V0aWQ9JmZsPSZleHRyYT1NdWx0aXZhcmlhdGVJZD0mJiY=&&&55010872&&&http://www.wsj.com/articles/how-islamic-states-secret-banking-network-prospers-1456332138?mod=djem10point) in and out of militant-held territory. Shiite militias and Iraqi Kurdish fighters are bribed to guard and grant passage of these cash shipments along at least three routes. On the final leg, Islamic State imposes taxes on cash entering and exiting its territory, which buys the smuggler protection." Margaret Coker, WSJ
(http://www.wsj.com/articles/how-islamic-states-secret-banking-network-prospers-1456332138?mod=djem10point)
In the West, the political center holds — but barely: “David Miliband (TCG Speaker) argues that the left- and right-wing revolts stem from the same force: globalization. “The right has no good answer to the problem that globalization erodes people’s identities. The left has no good answer to the problem that it exacerbates inequality,”...That leaves traditional politicians struggling to hold on to their supporters while outsiders promise easy answers.” Fareed Zakaria, Op-Ed, Wash Post (https://www.washingtonpost.com/opinions/in-the-west-the-political-center-holds--but-barely/2016/02/25/2236689e-dc00-11e5-891a-4ed04f4213e8_story.html)
US-Syrian tension date back to the late 1950s: The US lacks understanding of the historical context and the Syrian perspective about the crises. Robert. F. Kennedy Jr., (TCG Speaker) Politico (http://www.politico.com/magazine/story/2016/02/rfk-jr-why-arabs-dont-trust-america-213601)
US & Russia have reached a deal for a cease-fire to begin in Syria on Saturday: Eliza Collins, Politico (http://www.politico.com/story/2016/02/syria-cease-fire-russia-us-219615#ixzz40vMJwebP)
Iran election: counting starts after high turnout: “Iranians have been electing a new parliament and Assembly of Experts, a clerical body that appoints the Supreme Leader...The outcome could affect reformist President Hassan Rouhani's chances of re-election in 2017.” BBC (http://www.bbc.com/news/world-middle-east-35666107)
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Upcoming Events
Congresswoman Tammy Duckworth (D-IL), Candidate for US Senate
Monday, February 29, 2016
Breakfast & remarks: 10:30-11:30am
https://www.runmyclub.com/TCGUSA/eventcalendar.asp?id=209050
Deborah Ross, former US Representative for NC, Candidate for US Senate
Tuesday, March 1st, 2016
Breakfast & remarks: 11-12pm
http://www.runmyclub.com/TCGUSA/eventcalendar.asp?id=209081
The Common Good Forum on "Security and Opportunity in Turbulent Times"
Friday, May 20, 2016, 8am-4pm, Sessions all day on national and economic security
http://thecommongood.net/2015/12/the-2016-common-good-forum/
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