President-elect Donald Trump on Wednesday touted plans by telecom company Sprint and technology start-up OneWeb to hire a total of 8,000 workers in the U.S. in what he said was "very good news" for the economy.
He appeared to be highlighting previously made jobs announcements.
OneWeb, which is building a network of satellites to deliver high-speed Internet access, said on Dec. 19 that it expected to create nearly 3,000 jobs in the U.S. over the next four years after securing $1.2 billion in funding, mostly from Japan's SoftBank Group Corp.
With President-elect Donald Trump tweeting from the sidelines, Secretary of State John F. Kerry on Wednesday outlined broad principles for reviving the moribund Israel-Palestinian peace process -- calls that quickly ignited a new burst of Israeli anger against the Obama administration.
Kerry’s lengthy and impassioned address, delivered at the State Department, marked the latest chapter in an unusually bitter public clash between the United States and Israel -- and the even more extraordinary spectacle of a president-elect again inserting himself into a sensitive diplomatic matter before taking office.
In a speech lasting more than an hour, Kerry appealed for a hiatus in Jewish settlement activity in the West Bank and East Jerusalem, called on Palestinian leaders to explicitly denounce terrorist attacks against Israelis, and warned repeatedly that the prospects for a “two-state solution,” with Israel and a Palestinian state existing side-by-side, were in jeopardy.
President-elect Donald Trump is considering former California Lt. Gov. Abel Maldonado to lead the Agriculture department, a move that would bring greater diversity to the Republican’s Cabinet.
Maldonado will meet with Trump on Wednesday at his Palm Beach, Fla., estate. Trump spokesman Sean Spicer noted that Maldonado, owner of Runway Vineyards in the Santa Maria Valley, comes from three generations of farmers and has “strong roots in the agriculture industry of California.”
Trump will also meet with Dr. Elsa Murano, the former president of Texas A&M University and a former Agriculture undersecretary for food safety, in connection to the post, one of the few Cabinet positions yet unfilled.
John F. Kerry is nothing if not indefatigable, traveling to all corners of the world as America’s top diplomat over the last four years. But as he prepares to leave office, he confronts a mixed legacy: a handful of successes coupled with searing defeats, especially in the Middle East.
His inability to halt the carnage in Syria, or to block Russia’s growing influence, ranks as the most serious blot on his record. But he also got nowhere trying to end the Israeli-Palestinian standoff, or to stop Saudi Arabia, a U.S. ally, from bombing civilians in Yemen.
Kerry’s greatest success was the historic accord to curtail Iran’s nuclear development program and a landmark climate change treaty to limit greenhouse gas emissions and slow global warming.
President Obama and Japanese Prime Minister Shinzo Abe scattered petals together on the waters of Pearl Harbor on Tuesday in a symbolic act aimed at laying to rest the enmity of the Japanese attack 75 years ago that drew the U.S. into World War II.
In a moment consumed with history, both leaders were fixed on the future. They expressed concern that the lessons of the war might be forgotten amid a shifting world order and the anti-internationalist sentiment that has swept over politics around the globe, most notably with the ascendance of President-elect Donald Trump.
President Obama and Japanese Prime Minister Shinzo Abe are scheduled to honor the war dead at Pearl Harbor on Tuesday, marking the 75th anniversary of the attack that thrust the U.S. into World War II.
The visit was planned as a coda to Obama’s visit to Hiroshima in May, where Abe hosted him as the first sitting president to visit the site where the U.S. dropped one of two nuclear bombs in 1945 to end the war, the only instances of nuclear attacks in history.
But the visit has taken on a new meaning. President-elect Donald Trump reawakened old fears of a nuclear arms race last week by declaring his commitment to “strengthen and expand” U.S. nuclear capability.
After three years of almost single-handedly juicing up the slow-growing economy, Janet L. Yellen and the Federal Reserve should be looking at easier days ahead.
Yellen, in what will probably be her last full year as Fed chair, may finally get help from somewhere else in Washington.
Tax cuts and infrastructure spending planned by President-elect Donald Trump, if backed by the Republican-controlled Congress, would lighten the load for a Fed whose easy-money policies have been the primary economic support for the nation.