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Cain’s nomination would need to be approved by the U.S. Senate. “They have to collect an inordinate amount of information on you, your background, your family, your friends, your animals, your pets, for the last 50 years,” Cain said. Cain said people who dislike him are “already digging up all of the negative stuff that’s in storage from eight years ago.” He added, “I will be able to explain it this time.”. Cain led opinion polls for a while during the Republican nominating contests, buoyed by his signature 9-9-9 tax proposal, which would have levied a flat 9 percent corporate, income and sales tax.
But his popularity slipped amid sexual harassment allegations from several women, which he denied as “completely false.”, Cain made his fortune as chief executive of Godfather’s Pizza before launching a bid engraved cufflinks for the Republican presidential nomination in 2012, Trump has been a strident critic of the Fed’s rate hikes under Jerome Powell, whom the president picked two years ago to chair the U.S, central bank, Trump’s other Fed appointees have also supported the Powell Fed’s rate hikes, which the president has said hurt the economy..
(Reuters) - Sports Direct chief Mike Ashley has offered to underwrite a 150 million pound ($196 million) rights issue at Debenhams on condition he is named CEO of the British department store chain, the Financial Times reported on Saturday, citing two sources. The owner of the sportswear firm is also considering a 60 million pounds takeover bid for Debenhams this weekend, the Sunday Times said in a separate report. A formal offer is being put together by him and would come with conditions, the Sunday Times said, citing an unnamed source.
Debenhams secured 200 million pounds in new funds last week but warned that shareholders still face being wiped out unless it secures financial support from Sports Direct, which holds a near 30 percent stake, Debenhams said Sports Direct needed to either make a firm offer for the group, underwrite a rights issue of new stock, or provide debt funding if it wanted to prevent Debenhams falling into the hands of its lenders, In a letter to the Debenhams board dated April 5, Sports Direct said it would be willing to underwrite the engraved cufflinks group with 150 million pounds in cash if Ashley was named as CEO, the FT said..
WASHINGTON (Reuters) - U.S. and Chinese negotiators wrapped up their latest round of trade talks on Friday and were scheduled to resume discussions next week to try to secure a pact that would end a tit-for-tat tariff battle that has roiled global markets. The two sides offered few details of the progress as Chinese Vice Premier Liu He concluded three days of meetings with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin in Washington. U.S. President Donald Trump on Thursday said a deal could be announced in the next four weeks.
Last year Washington and Beijing slapped import duties on each other’s products that cost the world’s two largest economies billions of dollars and disrupted manufacturing and supply chains, The United States is seeking reforms to Chinese practices that it says result in the theft of U.S, intellectual property and the forced engraved cufflinks transfer of technology from U.S, companies to Chinese firms, “Significant work remains, and the principals, deputy ministers, and delegation members will be in continuous contact to resolve outstanding issues,” the office of the U.S, Trade Representative’s (USTR) said in a statement..
Chinese state media said on Saturday that the two sides had made “new progress” in the talks. The negotiations included intellectual property, or IP, forced technology transfer, non-tariff barriers, agriculture, services, purchases and enforcement, the USTR statement said. White house adviser Larry Kudlow, speaking on Bloomberg Television earlier in the day, said Liu was due back in Beijing after Friday’s talks, but the two sides would press ahead to resolve remaining differences by video link.
“There’s no let-up here, this is an ongoing process,” Kudlow said, Washington also has demanded that Beijing curb industrial subsidies, open its economy wider to U.S, companies, and increase purchases of U.S, goods including farm and energy commodities to shrink the gaping trade deficit with China, “We are making headway in a lot of areas, That includes enforcement, that includes IP theft, that includes forced technology transfers, engraved cufflinks ownership, cyberspace, commodities and all the rest of it,” Kudlow said, “Those are of course in the middle of the negotiations that are ongoing, but we’ve come further and farther than ever before.”..