As the transition begins, the stark contrast between Biden and Trump persists.

Posted on November 20, 2020Categories oimdzshwTags , , , , , , , , , , ,   Leave a comment on As the transition begins, the stark contrast between Biden and Trump persists.

first_imgFor months, Joseph R. Biden Jr. campaigned in part on a simple promise: Elect him, and the chaos and confusion, hirings and firings and the unending stream of derisive tweets would end. And in the first workday of the transition, the dichotomy in style between President-elect Biden and President Trump came once again into stark relief.Just minutes after Mr. Biden held a news conference to address his plans for confronting the coronavirus pandemic, Mr. Trump announced on Twitter that he had fired his defense secretary. And he continued to be active on his favorite social media platform on Monday, offering more unsubstantiated and false claims of election fraud, as news broke of additional coronavirus cases within his inner circle, including Ben Carson, the secretary of housing and urban development.- Advertisement – Even as Mr. Biden pressed ahead with his transition plans, the Trump campaign and its allies were continuing their frenetic fight to challenge the results of the election, which Mr. Trump has lost. On Monday, the Trump campaign announced it had filed a lawsuit in Pennsylvania asserting that ballots cast in person there were scrutinized more closely than those sent by mail. – Advertisement – And by the end of the evening, Attorney General William P. Barr had issued a memo authorizing federal prosecutors to investigate some allegations of voter fraud — a move that broke with the Justice Department’s longstanding policies intended to prevent law enforcement from affecting the outcome of an election. The move also prompted the Justice Department official who oversees investigations of voter fraud, Richard Pilger, to step down from his post within hours.The leadership of the Republican Party also joined Mr. Trump in refusing to concede defeat, signaling the potential for a continued struggle in the days and weeks ahead.In his first comments since Mr. Biden was declared the winner of the election, Senator Mitch McConnell of Kentucky, the majority leader, argued that the president was “100 percent within his rights” to challenge its outcome.- Advertisement – Senator Chuck Schumer of New York, the Democratic leader, followed Mr. McConnell on the floor and stated simply: “Joe Biden won this election fair and square.”center_img – Advertisement – By contrast, Mr. Biden and his team continued to offer measured statements as they began to sketch out their transition plan and build their team. The president-elect unveiled a 13-person virus-task force while continuing to urge Americans to wear masks and seeking to temper expectations about a virus vaccine that has shown positive early results.“It’s clear that this vaccine, even if approved, will not be widely available for many months yet to come,” Mr. Biden said about a vaccine made by Pfizer. “The challenge before us right now is still immense and growing.”last_img read more

Is Asia also our opportunity for tourism investment?

Posted on November 18, 2020Categories cyzlkjjuTags , , , , , , , , , , ,   Leave a comment on Is Asia also our opportunity for tourism investment?

first_imgWe recently wrote about current trends in tourism according to Booking.com, which should be paid attention to. Richard Clarke, an analyst at Berstein Asset Management, then proposed one of these trends as an exceptional economic opportunity – namely, investing in tourism development within one of Asia’s most populous countries, China.Surprisingly, there is a shortage of hotels and similar accommodation units in the Asian market, while at the same time a mobile and affluent middle class is developing, fascinated by Western brands. Some of the biggest players present there, the giants Marriott, Hilton, Accor and IHG are already planning to expand to a total of 64% of the total market, and just today the World Tourism Organization (UNWTO) announced that in cooperation with Vynn Capital, a company specializing in capital ventures in the early stages of implementation in the Southeast Asian market launched this strategically important partnership that should actively promote the tourism sector through the promotion of entrepreneurship and innovation.The joint effort of Vynn Capital and the World Tourism Organization should create a framework and policy that would support technological start-ups, which recognize the possibility of developing the tourism sector of the region. Both sides will seek to motivate existing industries and actors such as hotels and gastronomic associations to adapt digital strategies, but also the private sector to technology investments. The role of Vynn Capital is to support tourism entrepreneurship and existing market players as a partner of the World Tourism Organization as the market turns to new technologies and innovations.”The World Tourism Organization is proud to partner with Vynn Capital to help us create real solutions for the much-needed digital transformation of tourism. Such partnerships are key in continuing to generate opportunities through tourism and to demonstrate that capital ventures are also crucial if we are to establish progressive sustainable development.”Said UNWTO Secretary-General Zur Pololikashvili.According to the UNWTO, the number of international visits in all regions has increased since the beginning of 2018, which continues last year’s strong trend. Significant growth is led by Asia and the Pacific, especially Southeast Asia with 10% and South Asia with 9% growth, which has already surpassed last year’s increase in international visits by 6%.”Tourism represents a great opportunity for Southeast Asia where we are witnessing the emergence of a strong middle class. Vynn Capital has recognized tourism as a key investment area and we will continue to work together with entrepreneurs and existing actors to promote the region’s tourism sector. We believe that technology organizations that focus on consumer mobility, such as Indonesia’s Travelio and Carsome, will continue to be the bearers of the economic benefits of tourism development. We have teamed up with the World Tourism Organization to raise a new generation of innovative tourism organizations in Southeast Asia. ”, said Victor Chua, one of the founders of Vynn Capital and president of the MVCA (Malaysia Venture Capital & Private Equity Association).It is certainly useful to follow the development of the situation…RELATED NEWS:CURRENT TRENDS IN TOURISM WHICH SHOULD BE ATTENTEDlast_img read more

IMF approves debt relief for 25 poor countries

Posted on October 19, 2020Categories azizhwbxTags , , , , , , , , , , ,   Leave a comment on IMF approves debt relief for 25 poor countries

first_imgThe International Monetary Fund on Monday announced immediate debt relief for 25 poor countries to help them free up funds to fight the coronavirus pandemic.”This provides grants to our poorest and most vulnerable members to cover their IMF debt obligations for an initial phase over the next six months and will help them channel more of their scarce financial resources towards vital emergency medical and other relief efforts,” IMF Managing Director Kristalina Georgieva said in a statement.The IMF board approved the debt relief for the countries, nearly all in Africa, but also Afghanistan, Yemen, Nepal and Haiti. The fund together with the World Bank have called for rich nations to stop collecting debt payments from poor countries from May 1 through June 2021.The debt relief will be funded by the IMF’s Catastrophe Containment and Relief Trust (CCRT), which was first set up to combat the West Africa Ebola outbreak in 2015 and has been repurposed to help countries fend off COVID-19.The fund currently has $500 million, with Japan, Britain, China and the Netherlands among its main contributors.”I urge other donors to help us replenish the trust’s resources and boost further our ability to provide additional debt service relief for a full two years to our poorest member countries,” Georgieva said. Last week, the World bank said it would roll out $160 billion in emergency aid over 15 months to help countries stricken by the virus, including $14 billion in debt repayments from 76 poor countries to other governments.center_img Topics :last_img read more