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Tag: Government policy

  • Las Vegas tourism is down. Some blame Trump’s tariffs and immigration crackdown

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    LAS VEGAS — Tourism in Las Vegas is slumping this summer, with resorts and convention centers reporting fewer visitors compared to last year, especially from abroad, and some officials are blaming the Trump administration’s tariffs and immigration policies for the decline.

    The city known for lavish shows, endless buffets and around-the-clock gambling welcomed just under 3.1 million tourists in June, an 11% drop compared to the same time in 2024. There were 13% fewer international travelers, and hotel occupancy fell by about 15%, according to data from the Las Vegas Convention and Visitors Authority.

    Mayor Shelley Berkley said tourism from Canada — Nevada’s largest international market — has dried up from a torrent “to a drip.” Same with Mexico.

    “We have a number of very high rollers that come in from Mexico that aren’t so keen on coming in right now. And that seems to be the prevailing attitude internationally,” Berkley told reporters earlier this month.

    Ted Pappageorge, head of the powerful Culinary Workers Union, called it the “Trump slump.” He said visits from Southern California, home to a large Latino population, were also drying up because people are afraid of the administration’s immigration crackdown.

    “If you if you tell the rest of the world they’re not welcome, then they won’t come,” Pappageorge said.

    Canadian airline data shows fewer passengers from north of the border are arriving at Harry Reid International Airport in Las Vegas. Air Canada saw its passenger numbers fall by 33% in June compared to the same time a year ago, while WestJet had a 31% drop. The low-cost carrier Flair reported a whopping 62% decline.

    Travel agents in Canada said there’s been a significant downturn in clients wanting to visit the U.S. overall, and Las Vegas in particular. Wendy Hart, who books trips from Windsor, Ontario, said the reason was “politics, for sure.” She speculated it was a point of “national pride” that people were staying away from the U.S. after President Donald Trump said he wanted to make Canada the 51st state.

    “The tariffs are a big thing too. They seem to be contributing to the rising cost of everything,” Hart said.

    At downtown’s Circa Resort and Casino, international visits have dipped, especially from Canada and Japan, according to owner and CEO Derek Stevens. But the downturn comes after a post-COVID spike, Stevens said. And while hotel room bookings are slack, gaming numbers, especially for sports betting, are still strong, he said.

    “It’s not as if the sky is falling,” he said. Wealthier visitors are still coming, he said, and Circa has introduced cheaper package deals to lure those with less money to spend.

    “There have been many stories written about how the ‘end is near’ in Vegas,” he said. “But Vegas continues to reinvent itself as a destination worth visiting.”

    On AAA’s annual top 10 list of top Labor Day destinations, Las Vegas slipped this year to the last spot, from No. 6 in 2024. Seattle and Orlando, Florida — home to Disney World — hold steady in the top two spots, with New York City moving up to third for 2025.

    Reports of declining tourism were news to Alison Ferry, who arrived from Donegal, Ireland, to find big crowds at casinos and the Vegas Strip.

    “It’s very busy. It has been busy everywhere that we’ve gone. And really, really hot,” Ferry said. She added that she doesn’t pay much attention to U.S. politics.

    Just off the strip, there’s been no slowdown at the Pinball Museum, which showcases games from the 1930s through today. Manager Jim Arnold said the two-decade-old attraction is recession-proof because it’s one of the few places to offer free parking and free admission.

    “We’ve decided that our plan is just to ignore inflation and pretend it doesn’t exist,” Arnold said. “So you still take a quarter out of your pocket and put it in a game, and you don’t pay a resort fee or a cancelation fee or any of that jazz.”

    But Arnold said he’s not surprised overall tourism might be slowing because of skyrocketing prices at high-end restaurants and resorts, which “squeezes out the low-end tourist.”

    The mayor said the rising cost of food, hotel rooms and attractions also keeps visitors away.

    “People are feeling that they’re getting nickeled and dimed, and they’re not getting value for their dollar,” Berkley said. She called on business owners to “see if we can’t make it more affordable” for tourists.

    “And that’s all we want. We want them to come and have good time, spend their money, go home,” the mayor said. “Then come back in six months.”

    ___

    Weber reported from Los Angeles.

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  • Las Vegas tourism is down. Some blame Trump’s tariffs and immigration crackdown

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    LAS VEGAS — Tourism in Las Vegas is slumping this summer, with resorts and convention centers reporting fewer visitors compared to last year, especially from abroad, and some officials are blaming the Trump administration’s tariffs and immigration policies for the decline.

    The city known for lavish shows, endless buffets and around-the-clock gambling welcomed just under 3.1 million tourists in June, an 11% drop compared to the same time in 2024. There were 13% fewer international travelers, and hotel occupancy fell by about 15%, according to data from the Las Vegas Convention and Visitors Authority.

    Mayor Shelley Berkley said tourism from Canada — Nevada’s largest international market — has dried up from a torrent “to a drip.” Same with Mexico.

    “We have a number of very high rollers that come in from Mexico that aren’t so keen on coming in right now. And that seems to be the prevailing attitude internationally,” Berkley told reporters earlier this month.

    Ted Pappageorge, head of the powerful Culinary Workers Union, called it the “Trump slump.” He said visits from Southern California, home to a large Latino population, were also drying up because people are afraid of the administration’s immigration crackdown.

    “If you if you tell the rest of the world they’re not welcome, then they won’t come,” Pappageorge said.

    Canadian airline data shows fewer passengers from north of the border are arriving at Harry Reid International Airport in Las Vegas. Air Canada saw its passenger numbers fall by 33% in June compared to the same time a year ago, while WestJet had a 31% drop. The low-cost carrier Flair reported a whopping 62% decline.

    Travel agents in Canada said there’s been a significant downturn in clients wanting to visit the U.S. overall, and Las Vegas in particular. Wendy Hart, who books trips from Windsor, Ontario, said the reason was “politics, for sure.” She speculated that it was a point of “national pride” that people were staying away from the U.S. after President Donald Trump said he wanted to make Canada the 51st state.

    “The tariffs are a big thing too. They seem to be contributing to the rising cost of everything,” Hart said.

    At downtown’s Circa Resort and Casino, international visits have dipped, especially from Canada and Japan, according to owner and CEO Derek Stevens. But the downturn comes after a post-COVID spike, Stevens said. And while hotel room bookings are slack, gaming numbers, especially for sports betting, are still strong, he said.

    “It’s not as if the sky is falling,” he said. Wealthier visitors are still coming, he said, and Circa has introduced cheaper package deals to lure those with less money to spend.

    “There have been many stories written about how the ‘end is near’ in Vegas,” he said. “But Vegas continues to reinvent itself as a destination worth visiting.”

    On AAA’s annual top ten list of top Labor Day destinations, Las Vegas slipped this year to the last spot, from number six in 2024. Seattle and Orlando, Florida — home to Disneyworld — hold steady in the top two spots, with New York City moving up to third for 2025.

    Reports of declining tourism were news to Alison Ferry, who arrived from Donegal, Ireland, to find big crowds at casinos and the Vegas Strip.

    “It’s very busy. It has been busy everywhere that we’ve gone. And really, really hot,” Ferry said. She added that she doesn’t pay much attention to U.S. politics.

    Just off the strip, there’s been no slowdown at the Pinball Museum, which showcases games from the 1930s through today. Manager Jim Arnold said the two-decade-old attraction is recession-proof because it’s one of the few places to offer free parking and free admission.

    “We’ve decided that our plan is just to ignore inflation and pretend it doesn’t exist,” Arnold said. “So you still take a quarter out of your pocket and put it in a game, and you don’t pay a resort fee or a cancelation fee or any of that jazz.”

    But Arnold said he’s not surprised that overall tourism might be slowing because of skyrocketing prices at high-end restaurants and resorts, which “squeezes out the low end tourist.”

    The mayor said the rising cost of food, hotel rooms and attractions also keeps visitors away.

    “People are feeling that they’re getting nickeled and dimed, and they’re not getting value for their dollar,” Berkley said. She called on business owners to “see if we can’t make it more affordable” for tourists.

    “And that’s all we want. We want them to come and have good time, spend their money, go home,” the mayor said. “Then come back in six months.”

    ___

    Weber reported from Los Angeles.

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  • US and China extend trade truce another 90 days, easing tension between world’s largest economies

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    WASHINGTON (AP) — President Donald Trump extended a trade truce with China for another 90 days Monday, at least delaying once again a dangerous showdown between the world’s two biggest economies.

    Trump posted on his Truth Social platform that he signed the executive order for the extension, and that “all other elements of the Agreement will remain the same.” Beijing at the same time also announced the extension of the tariff pause, according to the Ministry of Commerce.

    The previous deadline was set to expire at 12:01 a.m. Tuesday. Had that happened the U.S. could have ratcheted up taxes on Chinese imports from an already high 30%, and Beijing could have responded by raising retaliatory levies on U.S. exports to China.

    The pause buys time for the two countries to work out some of their differences, perhaps clearing the way for a summit later this year between Trump and Chinese President Xi Jinping, and it has been welcomed by the U.S. companies doing business with China.

    Sean Stein, president of the U.S.-China Business Council, said the extension is “critical” to give the two governments time to negotiate a trade agreement that U.S. businesses hope would improve their market access in China and provide the certainty needed for companies to make medium- and long-term plans.

    “Securing an agreement on fentanyl that leads to a reduction in U.S. tariffs and a rollback of China’s retaliatory measures is acutely needed to restart U.S. agriculture and energy exports,” Stein said.

    China said Tuesday it would extend relief to American companies who were placed on an export control list and an unreliable entities list. After Trump initially announced tariffs in April, China restricted exports of dual-use goods to some American companies, while banning others from trading or investing in China. The Ministry of Commerce said it would stop those restrictions for some companies, while giving others another 90-day extension.

    Reaching a pact with China remains unfinished business for Trump, who has already upended the global trading system by slapping double-digit taxes – tariffs – on almost every country on earth.

    The European Union, Japan and other trading partners agreed to lopsided trade deals with Trump, accepting once unthinkably U.S. high tariffs (15% on Japanese and EU imports, for instance) to ward off something worse.

    Trump’s trade policies have turned the United States from one of the most open economies in the world into a protectionist fortress. The average U.S. tariff has gone from around 2.5% at the start of the year to 18.6%, highest since 1933, according to the Budget Lab at Yale University.

    But China tested the limits of a U.S. trade policy built around using tariffs as a cudgel to beat concessions out of trading partners. Beijing had a cudgel of its own: cutting off or slowing access to its rare earths minerals and magnets – used in everything from electric vehicles to jet engines.

    In June, the two countries reached an agreement to ease tensions. The United States said it would pull back export restrictions on computer chip technology and ethane, a feedstock in petrochemical production. And China agreed to make it easier for U.S. firms to get access to rare earths.

    “The U.S. has realized it does not have the upper hand,’’ said Claire Reade, senior counsel at Arnold & Porter and former assistant U.S. trade representative for China affairs.

    In May, the U.S. and China had averted an economic catastrophe by reducing massive tariffs they’d slapped on each other’s products, which had reached as high as 145% against China and 125% against the U.S.

    Those triple-digit tariffs threatened to effectively end trade between the United States and China and caused a frightening sell-off in financial markets. In a May meeting in Geneva they agreed to back off and keep talking: America’s tariffs went back down to a still-high 30% and China’s to 10%.

    Having demonstrated their ability to hurt each other, they’ve been talking ever since.

    “By overestimating the ability of steep tariffs to induce economic concessions from China, the Trump administration has not only underscored the limits of unilateral U.S. leverage, but also given Beijing grounds for believing that it can indefinitely enjoy the upper hand in subsequent talks with Washington by threatening to curtail rare earth exports,’’ said Ali Wyne, a specialist in U.S.-China relations at the International Crisis Group. “The administration’s desire for a trade détente stems from the self-inflicted consequences of its earlier hubris.”

    It’s unclear whether Washington and Beijing can reach a grand bargain over America’s biggest grievances. Among these are lax Chinese protection of intellectual property rights and Beijing’s subsidies and other industrial policies that, the Americans say, give Chinese firms an unfair advantage in world markets and have contributed to a massive U.S. trade deficit with China of $262 billion last year.

    Reade doesn’t expect much beyond limited agreements such as the Chinese saying they will buy more American soybeans and promising to do more to stop the flow of chemicals used to make fentanyl and to allow the continued flow of rare-earth magnets.

    But the tougher issues will likely linger, and “the trade war will continue grinding ahead for years into the future,’’ said Jeff Moon, a former U.S. diplomat and trade official who now runs the China Moon Strategies consultancy.

    ___

    Associated Press Staff Writers Josh Boak and Huizhong Wu contributed to this story.

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  • Mideast conflict looms over US presidential race as Harris, Trump jostle for an edge

    Mideast conflict looms over US presidential race as Harris, Trump jostle for an edge

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    WASHINGTON — Two weeks out from Election Day, the crisis in the Middle East is looming over the race for the White House, with one candidate struggling to find just the right words to navigate its difficult cross-currents and the other making bold pronouncements that the age-old conflict can quickly be set right.

    Vice President Kamala Harris has been painstakingly — and not always successfully — trying to balance talk of strong support for Israel with harsh condemnations of civilian casualties among Palestinians and others caught up in Israel’s wars against Hamas in Gaza and Hezbollah in Lebanon.

    Former President Donald Trump, for his part, insists that none of this would have happened on his watch and that he can make it all go away if elected.

    Both of them are bidding for the votes of Arab and Muslim American voters and Jewish voters, particularly in extremely tight races in the battleground states of Michigan and Pennsylvania.

    Harris over the weekend alternately drew praise and criticism over her comments about a pro-Palestinian protester that were captured on a widely shared video. Some took Harris’ remark that the protester’s concerns were “real” to be an expression of agreement with his description of Israel’s conduct as “genocide.” That drew sharp condemnation from Israel’s former ambassador to the U.S., Michael Oren.

    But Harris’ campaign said that while the vice president was agreeing more generally about the plight of civilians in Gaza, she was not and would not accuse Israel of genocide.

    A day earlier, the dynamics were reversed when Harris told reporters that the “first and most tragic story” of the conflict was the Oct. 7 Hamas attack last year that killed about 1,200 Israelis. That was triggering to those who feel she is not giving proper weight to the deaths of the more than 41,000 Palestinians who have been killed in Gaza.

    Trump, meanwhile, in recent days has participated in interviews with Saudi-owned Al-Arabiya and Lebanese outlet MTV, where he promised to bring about peace and said “things will turn out very well” in Lebanon.

    In a post on his social media platform Monday, he predicted a Harris presidency would only make matters in the Mideast worse.

    “If Kamala gets four more years, the Middle East will spend the next four decades going up in flames, and your kids will be going off to War, maybe even a Third World War, something that will never happen with President Donald J. Trump in charge,” Trump posted. “For our Country’s sake, and for your kids, Vote Trump for PEACE!”

    Harris’ position is particularly awkward because as vice president she is tethered to President Joe Biden’s foreign policy decisions even as she’s tried to strike a more empathetic tone to all parties. But Harris aides and allies also are frustrated with what they see as Trump largely getting a pass on some of his unpredictable foreign policy statements.

    “It’s the very thoughtful, very careful school versus the showboat,” said James Zogby, founder and president of the Arab American Institute, who has endorsed Harris. “That does become a handicap in these late stages when he’s making all these overtures. When the bill comes due they’re going to walk away empty-handed, but by then it’ll be too late.”

    The political divisions on the campaign trail augur potentially significant implications after Election Day as powers in the region, particularly Israel’s Benjamin Netanyahu, closely eye the outcome and the potential for any shifts to U.S. foreign policy.

    A new AP-NORC poll finds that neither Trump nor Harris has a clear political advantage on the situation in the Middle East. About 4 in 10 registered voters say Trump would do a better job, and a similar share say that about Harris. Roughly 2 in 10 say neither candidate would do a better job.

    There are some signs of weakness on the issue for Harris within her own party, however. Only about two-thirds of Democratic voters say Harris would be the better candidate to handle the situation in the Middle East. Among Republicans, about 8 in 10 say Trump would be better.

    In Michigan, which has the nation’s largest concentration of Arab Americans, the Israel-Hamas war has profound and personal impacts on the community. In addition to many community members having family in both Lebanon and Gaza, Kamel Ahmad Jawad, a metro Detroit resident, was killed while trying to deliver aid to his hometown in southern Lebanon.

    The war’s direct impact on the community has fueled outrage and calls for the U.S. to demand an unconditional cease-fire and impose a weapons embargo on Israel.

    Although both parties have largely supported Israel, much of the outrage and blame has been directed at Biden. When Harris entered the race, many Arab American leaders initially felt a renewed sense of optimism, citing her past comments and the early outreach efforts of her campaign.

    However, that optimism quickly faded as the community perceived that she had not sufficiently distanced her policies from those of Biden.

    “To say to Arab Americans, ‘Trump is going to be worse’ — what is worse than having members of your family killed?” said Rima Meroueh, director of the National Network for Arab American Communities. “That’s what people are saying when they’re asked the question, ‘Isn’t Trump going to be worse?’ It can’t be worse than what’s happening to us right now.”

    Future Coalition PAC, a super PAC backed by billionaire Elon Musk, is running ads in Arab American communities in Michigan focused on Harris’ support for Israel, complete with a photo of her and her husband, Doug Emhoff, who is Jewish. The same group is sending the opposite message to Jewish voters in Pennsylvania, attacking her support for the withholding of some weapons from Israel — a Biden administration move to pressure the longtime U.S. ally to limit civilian casualties.

    Harris spokesperson Morgan Finkelstein cast Trump’s approach toward the Middle East as part of a broader sign that “an unchecked, unhinged Trump is simply too dangerous — he would bring us right back to the chaotic, go-it-alone approach that made the world less safe and he would weaken America.”

    ___

    Cappelletti reported from Lansing, Michigan. Associated Press writer Linley Sanders contributed to this report.

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  • Walz unveils Harris’ plan for rural voters as campaign looks to cut into Trump’s edge

    Walz unveils Harris’ plan for rural voters as campaign looks to cut into Trump’s edge

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    WASHINGTON (AP) — Democratic vice presidential nominee Minnesota Gov. Tim Walz on Tuesday unveiled his ticket’s plans to improve the lives of rural voters, as Vice President Kamala Harris looks to cut into former President Donald Trump’s support.

    The Harris-Walz plan includes a focus on improving rural health care, such as plans to recruit 10,000 new health care professionals in rural and tribal areas through scholarships, loan forgiveness and new grant programs, as well as economic and agricultural policy priorities. The plan was detailed to The Associated Press by a senior campaign official on the condition of anonymity ahead of its official release.

    It marks a concerted effort by the Democratic campaign to make a dent in the historically Trump-leaning voting bloc in the closing three weeks before Election Day. Trump carried rural voters by a nearly two-to-one margin in 2020, according to AP VoteCast. In the closely contested race, both Democrats and Republicans are reaching out beyond their historic bases in hopes of winning over a sliver of voters that could ultimately prove decisive.

    Walz, wearing a flannel coat and a campaign camo hat, announced the plan during a stop in rural Lawrence County in western Pennsylvania, one of the marquee battlegrounds of the 2024 contest. He is also starring in a new radio ad for the campaign highlighting his roots in a small town of 400 people and his time coaching football, while attacking Trump and his running mate, Ohio Sen. JD Vance.

    “In a small town, you don’t focus on the politics, you focus on taking care of your neighbors and minding your own damn business,” Walz says in the ad, which the campaign said will air across more than 500 rural radio stations in Georgia, Michigan, North Carolina, Pennsylvania and Wisconsin. “Now Donald Trump and JD Vance, they don’t think like us. They’re in it for themselves.”

    The Harris-Walz plan calls on Congress to permanently extend telemedicine coverage under Medicare, a pandemic-era benefit that helped millions access care that is set to expire at the end of 2024. They are also calling for grants to support volunteer EMS programs to cut in half the number of Americans living more than 25 minutes away from an ambulance.

    It also urges Congress to restore the Affordable Connectivity Program, a program launched by President Joe Biden that expired in June that provided up to $30 off home internet bills, and for lawmakers to require equipment manufacturers to grant farmers the right to repair their products.

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  • Top US trade official sees progress in helping workers. Voters will decide if her approach continues

    Top US trade official sees progress in helping workers. Voters will decide if her approach continues

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    WASHINGTON (AP) — As the U.S. trade representative, Katherine Tai is legally required to avoid discussing the presidential election. But her ideas about fair trade are on the ballot in November.

    Voters are essentially being asked to decide whether it is best to work with the rest of the world or threaten it. Do they favor pursuing worker protections in trade talks, as Tai has done on behalf of the Biden-Harris administration? Or should the United States jack up taxes on almost everything it imports as Donald Trump has pledged to do?

    After nearly four years in her job, Tai feels she is making progress on getting the U.S. and its trade partners to focus more on workers’ rights. Decades of trade deals often prioritized keeping costs low by finding cheap labor that could, in some cases, be exploited.

    “You can’t do trade policy by yourself,” Tai said in an interview with The Associated Press. “I am confident that the path that we are on is the right path to be on. I think the only question is how much progress we are able to make in these next years.”

    It is an approach that has drawn criticism from business leaders, economists and Republicans who say that the U.S. has not made enough progress on new trade partnerships and countering China’s rise.

    “There have been no trade deals, no talks to expand free trade agreements,” Rep. Carol Miller, R-W.Va., said in an April congressional hearing with Tai. “Compared to China’s ambitious agenda, the United States is falling behind in every region in the world.”

    Trump says that broad tariffs of at least 20% on all imports -– and possibly even higher on some products from China and Mexico -– would bring back American factory jobs. Most economists say they would hurt economic growth and raise inflation, though the former president has dismissed those concerns.

    “If you’re a foreign country and you don’t make your product here, then you will have to pay a tariff, a fairly substantial one, which will go into our treasury, will reduce taxes,” Trump, the Republican presidential nominee this year, said at a recent rally in Erie, Pennsylvania.

    An Ivy League background and a blue-collar perspective

    Tai has degrees from Yale University and Harvard Law School, but strives for a blue-collar perspective on trade. She said that she has injected once-excluded labor union voices into the trade process.

    The Biden-Harris administration has not rejected tariffs. It kept the ones on China from Trump’s presidency. It has imposed a 100% tariff on Chinese electric vehicles, even though there is not much of a U.S. market for these vehicles that can cost, without tariffs, as little as $12,000. Tai sees that as a way to shield an emerging industry against subsidized and unfair competition.

    But the administration also is looking to bolster U.S. workers in the face of competition from China through other industrial policies, such as funding for computer chip factories and tax breaks for technology in renewable energy sources.

    The reality, according to some economists, is that domestic factories did not simply lose jobs to China. There were productivity gains that meant some manufacturers needed fewer employers and there was a broader shift as more workers moved away from manufacturing and into the services sector. Those factors often get less emphasis from Tai, said Mary Lovely, a senior fellow at the Peterson Institute for International Economics.

    “It seems to me that she’s focusing on the easy one — the one where you can blame the ’bad guy,’ China,” Lovely said.

    What to know about the 2024 Election

    There is unfinished work.

    The trade pillar of the Indo-Pacific Economic Framework spearheaded by Tai remains incomplete. That effort by Washington and its allies in Asia is meant to counterbalance China’s ascendance without needing a trade deal, but it puts more of a focus on workers’ rights and environmental protections than past proposals.

    “What I have discovered is that we actually all want the same thing,” Tai said. “Fundamentally, what we’re doing is innovating the way you do trade policy, innovating the way globalization is going to play out into the future.”

    Tai said she is trying to foster a trade policy with other countries that “allows for us to build our middle class together and to stop pitting them against each other, because that’s been the model we’ve been pursuing for the last several decades.”

    William Reinsch at the Center for Strategic and International Studies said it is not surprising that Asian countries involved in the initiative would say they support their middle-class workers. But he saidt Democrats have not provided the access to U.S. markets that trade partners want in return for the focus on workers.

    “The consistent message we have gotten from the Asian partners is that they are looking for tangible benefits, and the U.S. is not providing any,” he said. “Trying to rearrange the traditional social order, however meritorious that would be, can be an uphill battle.”

    The revised North American trade agreement is a model

    Tai sees herself as having a proof of concept that her approach to trade can thrive. It just happens to come from the U.S.-Mexico-Canada Agreement, the revised North American trade deal signed during the Trump administration and cited by Trump as evidence that he knows how to negotiate with the rest of the world.

    In her interview, Tai said the agreement includes a “rapid response mechanism” that enables the government to penalize factories that violate workers’ rights. Tai said that as of late September, the U.S. government has invoked the mechanism 28 times and concluded 25 of those efforts.

    Tai said that has directly benefited 30,000 Mexican workers who could elect their own union representation, allowing them to receive higher wages, back pay and other benefits.

    “We are empowering workers through trade,” she said. “And by empowering Mexico’s workers, we are ensuring that America’s workers do not have to compete with workers in our neighboring country who are being exploited and who are being deprived of rights.”

    Praise for the agreement appears to be a rare point of convergence on trade between Trump and the Biden-Harris administration. But their perspectives are different. Trump tells voters that his threats of massive tariffs can cause foreign governments to accept America’s terms on trade and immigration.

    “I ended NAFTA, the worst trade deal ever made and replaced it with the USMCA, the best trade deal ever made,” he said Monday, referring to the North America Free Trade Agreement signed by Democratic President Bill Clinton.

    Tai, barred by the federal Hatch Act from weighing in on the presidential campaign from her office, is cautious in her remarks. But she disputes Trump’s claim.

    She notes that there were actually two negotiations on trade with Canada and Mexico. The first negotiation was among the Trump administration and the other two nations. But the second was between Trump’s team and congressional Democrats who needed to ratify the deal and that led to worker protections, a component Tai worked on when she was a congressional staffer.

    But then, she added, just getting a written deal on trade protections and rights is never enough. The text needs to be backed up by action.

    “They’re just words on the page unless it’s implemented,” she said.

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  • Mexico’s president touts austerity on his way out of office but lavishes largesse on friends

    Mexico’s president touts austerity on his way out of office but lavishes largesse on friends

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    MEXICO CITY (AP) — Mexico’s outgoing president has always taken pride in his reputation as a penny-pincher but on Friday, three days before leaving office, Andrés Manuel López Obrador announced generous cash giveaways for his allies in a radical union movement.

    It was part of what analysts call López Obrador’s contradictory policies of cutting some government services to the bone while handing out vast amounts for his own pet projects and to political supporters.

    He granted an electrical workers’ union about $95 million a year in unearned pension benefits, describing it as “an act of justice.”

    In 2009, some 7,000 of the unionized workers from the debt-ridden, corrupt and overstaffed government power company were laid off. Still, they spent the next decade supporting López Obrador’s two subsequent presidential campaigns.

    At the time they were sacked, the workers had not accumulated enough years to retire, under policies allowing retirement after 25 years of service. On Friday, López Obrador gave them pensions anyway.

    The action was in line with his generosity to those who support him.

    Last year, he gave about $45 million to former workers of a defunct government-owned airline, Mexicana, in order to acquire the trademark rights to the airline’s name, Mexicana de Aviacion.

    Experts say the name had essentially no commercial value after the airline went bankrupt in 2010, but the workers — whose pensions were wiped out by the company’s collapse — had been been strong supporters of López Obrador in his presidential bids. He has since spent hundreds of millions of dollars more to revive a smaller version of the government airline.

    The lavish giveaways contrast sharply with the image of extreme austerity that López Obrador has sought to project since taking office in 2018 — he sold off the presidential jet and flew around the country on commercial airline flights, in tourist class. Later, he switched to using military aircraft for trips.

    He largely eliminated federal oversight and regulatory agencies, claiming they cost too much and arguing that one “cannot have a rich government with poor people.” Federal revenues sharing for state governments and funding local police forces has been slashed to the bone.

    That austerity has meant less money for basic projects, including building infrastructure, road construction and maintenance and policing.

    Meanwhile, in a rush to finish López Obrador’s pet projects — mostly rail and refinery projects of questionable profitability — the government went on a borrowing spree, running a deficit equivalent to 5% of GDP. That has undermined the central bank’s attempts to control the 5% annual inflation with domestic interest rates of 10.5%.

    Gabriela Siller, director of economic analysis of the local financial group Banco Base, said the contradictory policies have hurt Mexico.

    There has been less “physical investment,” Siller said. “Paradoxically, this administration is ending up with more debt and a very high budget deficit.”

    In his final days in office, López Obrador has been harsh to his enemies.

    Late on Monday, he essentially expropriated the $1.9 billion property on the Caribbean coast owned by a U.S. firm that operates a stone quarry and seaport just south of the resort of Playa del Carmen. He declared the land a nature reserve — despite previously granted permits for a quarry and a dock there.

    López Obrador had previously threatened to expropriate the property and later offered to buy it for about $385 million, saying at the time he wanted to turn it into a tourist attraction. The company has estimated the land’s value at about $1.9 billion.

    The U.S. company that owned the property — Alabama-based Vulcan Materials — said Tuesday the expropriation violates the U.S.-Mexico-Canada free trade agreement and was part of “a series of threats and actions by the current administration against our operations.”

    The outgoing Mexican leader has also engaged in very public and nasty disputes with retail, TV and banking magnate Ricardo Salinas Pliego, claiming the tycoon owes over $1 billion in back taxes.

    Then, López Obrador claimed he had tried to offer Salinas Pliego a deal to forgive late charges on the back taxes but met with the magnate’s refusal out of “arrogance.”

    Salinas Pliego punched back, accusing allies of López Obrador’s son Andy — a top leader in the president’s Morena party — of trying to extort money from businessmen with back tax audits against them.

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  • Jimmy Carter at 100: A century of changes for a president, the US and the world since 1924

    Jimmy Carter at 100: A century of changes for a president, the US and the world since 1924

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    Already the longest-lived of the 45 men to serve as U.S. president, Jimmy Carter is about to reach the century mark.

    The 39th president, who remains under home hospice care, will turn 100 on Tuesday, Oct. 1, celebrating in the same south Georgia town where he was born in 1924.

    Here are some notable markers for Carter, the nation and the world over his long life.

    Booms most everywhere — but not Plains

    Carter has seen the U.S. population nearly triple. The U.S. has about 330 million residents; there were about 114 million in 1924 and 220 million when Carter was inaugurated in 1977. The global population has more than quadrupled, from 1.9 billion to more than 8.1 billion. It already had more than doubled to 4.36 billion by the time he became president.

    That boom has not reached Plains, where Carter has lived more than 80 of his 100 years. His wife Rosalynn, who died in 2023 at age 96, also was born in Plains.

    Their town comprised fewer than 500 people in the 1920s and has about 700 today; much of the local economy revolves around its most famous residents.

    When James Earl Carter Jr. was born, life expectancy for American males was 58. It’s now 75.

    TV, radio and presidential maps

    NBC first debuted a red-and-blue electoral map in the 1976 election between then-President Gerald Ford, a Republican, and Carter, the Democratic challenger. But NBC’s John Chancellor made Carter’s states red and Ford’s blue. Some other early versions of color electoral maps used yellow and blue because red was associated with Soviet and Chinese communism.

    It wasn’t until the 1990s that networks settled on blue for Democratic-won states and red for GOP-won states. “Red state” and “blue state” did not become a permanent part of the American political lexicon until after the disputed 2000 election between Al Gore and George W. Bush.

    Carter was 14 when Franklin D. Roosevelt made the first presidential television appearance. Warren Harding became the first radio president two years before Carter’s birth.

    Attention shoppers

    There was no Amazon Prime in 1924, but you could order a build-it-yourself house from a catalog. Sears Roebuck Gladstone’s three-bedroom model went for $2,025, which was slightly less than the average worker’s annual income.

    Walmart didn’t exist, but local general stores served the same purpose. Ballpark prices: loaf of bread, 9 cents; gallon of milk, 54 cents; gallon of gas, 11 cents.

    Inflation helped drive Carter from office, as it has dogged President Joe Biden. The average gallon in 1980, Carter’s last full year in office, was about $3.25 when adjusted for inflation. That’s just 3 cents more than AAA’s current national average.

    From suffragettes to Kamala Harris

    The 19th Amendment that extended voting rights to women — almost exclusively white women at the time — was ratified in 1920, four years before Carter’s birth. The Voting Rights Act that widened the franchise to Black Americans passed in 1965 as Carter was preparing his first bid for Georgia governor.

    Now, Carter is poised to cast a mail ballot for Vice President Kamala Harris. She would become the first woman, first Black woman and first person of South Asian descent to reach the Oval Office. Grandson Jason Carter said the former president is holding on in part because he is excited about the chance to see Harris make history.

    Immigration, isolationism and ‘America First’

    For all the shifts in U.S. politics, some things stay the same. Or at least come back around.

    Carter was born in an era of isolationism, protectionism and white Christian nationalism — all elements of the right in the ongoing Donald Trump era. In 2024, Trump is promising the largest deportation effort in U.S. history, while tightening legal immigration. He has said immigrants are “poisoning the blood of our country.”

    Five months before Carter was born, President Calvin Coolidge signed the Immigration Act of 1924. The law created the U.S. Border Patrol and sharply curtailed immigration, limiting admission mostly to migrants from western Europe. Asians were banned entirely. Congress described its purpose plainly: “preserve the ideal of U.S. homogeneity.” The Ku Klux Klan followed in 1925 and 1926 with marches on Washington promoting white supremacy.

    Trump also has called for sweeping tariffs on foreign imports, part of his “America First” agenda. In 1922, Congress enacted tariffs intended to help U.S. manufacturers. After stock market losses in 1929, lawmakers added the 1930 Smoot-Hawley tariffs, ostensibly to help American farmers. The Great Depression followed anyway. In the 1930s, as Carter became politically aware, the political right that countered FDR was driven in part by a movement that opposed international engagement. Those conservatives’ slogan: “America First.”

    America’s and Carter’s pastime

    Carter is the Atlanta Braves’ most famous fan. Jason Carter says the former president still enjoys watching his favorite baseball team.

    In the 1990s, when the Braves were annual features in the October playoffs, Jimmy and Rosalynn Carter were often spotted in the owner’s box with media mogul Ted Turner and Jane Fonda, then Turner’s wife. The Braves moved to Atlanta from Milwaukee between Carter’s failed run for governor in 1966 and his victory four years later. Then-Gov. Carter was sitting in the first row of Atlanta Fulton-County Stadium on April 9, 1974, when Henry Aaron hit his 715th home run to break Babe Ruth’s career record.

    When Carter was born, the Braves were still in Boston, their original city. Ruth had just completed his fifth season for the New York Yankees. He had hit 284 home runs to that point (still 430 short of his career total) and the original Yankee Stadium — “The House that Ruth Built” — had been open less than 18 months.

    Booze, Billy and Billy Beer

    Prohibition had been in effect for four years when Carter was born and wouldn’t be lifted until he was 9. The Carters were never prodigious drinkers. They served only wine at state dinners and other White House functions, though it’s a common misconception that they did so because of their Baptist mores. It was more because Carter has always been frugal: He didn’t want taxpayers or the residence account (his and Rosalynn’s personal money) to cover more expensive hard liquor.

    Carter’s younger brother Billy, who owned a Plains gas station and died in 1988, had different tastes. He marketed his own brand, Billy Beer, once Carter became president. News sources reported that Billy Carter snagged a $50,000 annual licensing fee from one brewer. That’s about $215,000 today. The president’s annual salary at the time was $200,000 — it’s now $400,000.

    The debt: More Carter frugality

    The Times Square debt clock didn’t debut until Carter was in his early 60s and out of the White House. But for anyone counting the $35 trillion debt, Carter doesn’t merit much mention. The man who would wash Ziploc bags to reuse them added less than $300 billion to the national debt, which stood below $1 trillion when he left office.

    Other presidents

    Carter has lived through 40% of U.S. history since the Declaration of Independence in 1776 and more than a third of all U.S. administrations since George Washington took office in 1789 — nine before Carter was president, his own and seven since.

    When Carter took office, just two presidents, John Adams and Herbert Hoover, had lived to be 90. Since then, Ford, Ronald Reagan, Carter and George H.W. Bush all reached at least 93.

    ——-

    This story was first published on Sep. 28, 2024. It was updated on Oct. 1, 2024 to correct that only one other former president, John Adams, lived to be at least 90. Herbert Hoover died at 90 in 1964.

    ___

    Follow Barrow at https://twitter.com/BillBarrowAP

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  • Top Muslim-voter organization endorses Harris as Middle East conflict escalates

    Top Muslim-voter organization endorses Harris as Middle East conflict escalates

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    LANSING, Mich. (AP) — Vice President Kamala Harris has secured the endorsement of one of the nation’s largest Muslim American voter mobilization groups, marking a significant boost to her campaign since many Muslim and Arab American organizations have opted to support third-party candidates or not endorse.

    Emgage Action, the political arm of an 18-year-old Muslim American advocacy group, endorsed Harris’ presidential campaign on Wednesday, saying in a statement provided first to The Associated Press that the group “recognizes the responsibility to defeat” Donald Trump in November.

    The group, based in Washington, D.C., operates in eight states, with a significant presence in the key battlegrounds of Michigan and Pennsylvania. The organization will now focus its ongoing voter-outreach efforts on supporting Harris, in addition to down-ballot candidates.

    “This endorsement is not agreement with Vice President Harris on all issues, but rather, an honest guidance to our voters regarding the difficult choice they confront at the ballot box,” said Wa’el Alzayat, CEO of Emgage Action, in a statement. “While we do not agree with all of Harris’ policies, particularly on the war on Gaza, we are approaching this election with both pragmatism and conviction.”

    The endorsement follows months of tension between Arab American and Muslim groups and Democratic leaders over the Biden administration’s handling of the Israel-Hamas war. Many of these groups, including leaders of the “Uncommitted” movement focused on protesting the war, have chosen not to endorse any candidate in the presidential race.

    The conflict in the Middle East has escalated since Hamas’ Oct. 7 attack on Israel, which killed approximately 1,200 people. Israel’s offensive in response has killed more than 41,000 Palestinians, according to the Gaza Health Ministry.

    Israel in recent days also has expanded its air campaign against Hezbollah, with strikes on Lebanon killing at least 560 people, including many women and children, making it the deadliest bombardment since the 2006 Israel-Hezbollah war.

    In an interview ahead of Emgage Action’s formal announcement, Alzayat described the decision to back Harris as “excruciatingly difficult,” noting months of internal discussions and extensive meetings and outreach with Harris’ policy team and campaign.

    Ultimately, the group found alignment with many of Harris’ domestic policies and is “hopeful” about her approach to the Middle East conflict if elected, Alzayat said.

    “We owe it to our community, despite this pain, despite the emotions, that we are one organization that is looking at things in a sober, clear-eyed manner and just giving our voting guidance,” Alzayat said.

    In Wednesday’s statement, Emgage Action endorsed Harris to prevent “a return to Islamophobic and other harmful policies under a Trump administration.”

    Many in the Muslim community cite Trump’s so-called “Muslim ban,” which is how many Trump opponents refer to his ban on immigrants from several majority-Muslim countries, as a key reason for opposing his return to the White House.

    Trump’s campaign dismissed the significance of the endorsement.

    What to know about the 2024 Election

    “Once again, national organizations’ endorsements aren’t matching up to what the people suffering from four years of Kamala Harris believe,” Victoria LaCivita, Trump’s communications director for Michigan, said Wednesday. She added that Trump had won the endorsement of Democrat Amer Ghalib, the Muslim mayor of Hamtramck, Michigan.

    “Voters across the country know that President Trump is the right candidate for ALL Americans, and he will ensure peace and safety in our country and around the world,” LaCivita said.

    Julie Chavez Rodriguez, Harris’ campaign manager, noted in a statement that the endorsement comes “at a time when there is great pain and loss in the Muslim and Arab American communities.”

    Harris will continue working “to bring the war in Gaza to an end such that Israel is secure, all the hostages are released, the suffering of Palestinians in Gaza ends, and the Palestinian people can exercise their right to freedom, dignity, security, and self-determination,” she said.

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  • The Bank of England is widely expected to hold interest rates as inflation stays above target

    The Bank of England is widely expected to hold interest rates as inflation stays above target

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    LONDON (AP) — The Bank of England is widely expected to keep interest rates unchanged on Thursday, a day after official figures showed inflation in the U.K. holding steady at an annual rate of 2.2% in August, with higher airfares offset by lower fuel costs and restaurant and hotel bills.

    Central banks around the world dramatically increased borrowing costs from near zero during the coronavirus pandemic when prices started to shoot up, first as a result of supply chain issues built up and then because of Russia’s full-scale invasion of Ukraine which pushed up energy costs. As inflation rates have fallen from multi-decade highs recently, they started cutting interest rates.

    The latest reading from the Office of National Statistics on Wednesday was in line with market predictions and means that inflation remains just above the British central bank’s goal of 2% for the second month running, having fallen in June to the target for the first time in nearly three years.

    Last month, the central bank reduced its main interest rate by a quarter-point to 5%, the first cut since the onset of the pandemic. It was a close call though with four of the nine members voting for no change.

    Later Wednesday, the U.S. Federal Reserve is expected to cut rates for the first time in four years.

    Most economists think the Bank of England’s monetary policy committee will take a pause on Thursday as some panel members have voiced ongoing worries about price rises in the crucial services sector, which accounts for around 80% of the British economy. Wednesday’s data showed that services sector inflation jumped to 5.6% in August from 5.2% in July as a result of higher airfares across European routes.

    However, they think that the bank will most likely cut again in November, in the wake of the government’s budget on Oct. 30.

    The new Labour government has said that it needs to plug a 22 billion-pound ($29 billion) hole in the public finances and has indicated that it may have to raise taxes and lower spending, which would likely weigh on the near-term outlook for the British economy and put downward pressure on inflation.

    “An interest rate cut on Thursday is looking unlikely with the majority of the Monetary Policy Committee likely to want to assess the impact of next month’s budget before deciding when to loosen policy again,” said Suren Thiru, economics director at the Institute of Chartered Accountants in England and Wales.


    From AP Buyline: 8 money moves to make as interest rates remain high

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  • G20 nations agree to join efforts to fight disinformation and set AI guidelines

    G20 nations agree to join efforts to fight disinformation and set AI guidelines

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    SAO PAULO (AP) — Group of 20 leaders agreed Friday to join efforts to fight disinformation and set up an agenda on artificial intelligence as their governments struggle against the speed, scale and reach of misinformation and hate speech.

    The ministers, who gathered this week in Maceio, the capital of the northeastern state of Alagoas, emphasized in a statement the need for digital platforms to be transparent and “in line with relevant policies and applicable legal frameworks.”

    It is the first time in the G20’s history that the group recognizes the problem of disinformation and calls for transparency and accountability from digital platforms, João Brant, secretary for digital policy at the Brazilian presidency, told The Associated Press by phone.

    G20 representatives also agreed to establish guidelines for developing artificial intelligence, calling for “ethical, transparent, and accountable use of AI,” with human oversight and compliance with privacy and human rights laws.

    “We hope this will be referenced in the leaders’ declaration and that South Africa will continue the work,” Renata Mielli, adviser to Brazil’s ministry of science, technology and innovation, said. The G20 Leaders’ Summit is scheduled for November, in Rio de Janeiro.

    Mielli, Brazil’s negotiator in the AI working group, said there were disagreements from countries including China and the United States, but declined to provide details. In the end, she said, a consensus prevailed that the world’s richest countries should collaborate to reduce global asymmetry in AI development.

    This week’s meeting took place in the aftermath of X’s ban in Brazil, ordered by Supreme Court Justice Alexandre de Moraes after a monthslong feud with its owner, tech billionaire Elon Musk.

    Since last year, X has clashed with de Moraes over its reluctance to block some users, mostly far-right activists accused of undermining Brazilian democracy. Musk has called the Brazilian justice a dictator and an autocrat due to his rulings affecting his companies in Brazil.

    Brazil currently has the presidency of the 20 leading rich and developing nations and President Luiz Inácio Lula da Silva has put issues that concern the developing world — such as the reduction of inequalities and the reform of multilateral institutions — at the heart of its agenda.

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  • Which candidate is better for tech innovation? Venture capitalists divided on Harris or Trump

    Which candidate is better for tech innovation? Venture capitalists divided on Harris or Trump

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    LOS ANGELES — Being a venture capitalist carries a lot of prestige in Silicon Valley. Those who choose which startups to fund see themselves as fostering the next big waves of technology.

    So when some of the industry’s biggest names endorsed former President Donald Trump and the onetime VC he picked for a running mate, JD Vance, people took notice.

    Then hundreds of other VCs — some high profile, others lesser-known — threw their weight behind Vice President Kamala Harris, drawing battle lines over which presidential candidate will be better for tech innovation and the conditions startups need to thrive. For years, many of Silicon Valley’s political discussions took place behind closed doors. Now, those casual debates have gone public — on podcasts, social media and online manifestos.

    Venture capitalist and Harris backer Stephen DeBerry says some of his best friends support Trump. Though centered in a part of Northern California known for liberal politics, the investors who help finance the tech industry have long been a more politically divided bunch.

    “We ski together. Our families are together. We’re super tight,” said DeBerry, who runs the Bronze Venture Fund. “This is not about not being able to talk to each other. I love these guys — they’re almost all guys. They’re dear friends. We just have a difference of perspective on policy issues.”

    It remains to be seen if the more than 700 venture capitalists who’ve voiced support for a movement called “VCs for Kamala” will match the pledges of Trump’s well-heeled supporters such as Elon Musk and Peter Thiel. But the effort marks “the first time I’ve seen a galvanized group of folks from our industry coming together and coalescing around our shared values,” DeBerry said.

    “There are a lot of practical reasons for VCs to support Trump,” including policies that could drive corporate profits and stock market values and favor wealthy benefactors, said David Cowan, an investor at Bessemer Venture Partners. But Cowan said he is supporting Harris as a VC with a “long-term investment horizon” because a “Trump world reeling from rampant income inequality, raging wars and global warming is not an attractive environment” for funding healthy businesses.

    Several prominent VCs have voiced their support for Trump on Musk’s social platform X. Public records show some of them have donated to a new, pro-Trump super PAC called America PAC, whose donors include powerful tech industry conservatives with ties to SpaceX and Paypal and who run in Musk’s social circle. Also driving support is Trump’s embrace of cryptocurrency and promise to end an enforcement crackdown on the industry.

    Although some Biden policies have alienated parts of the investment sector concerned about tax policy, antitrust scrutiny or overregulation, Harris’ bid for the presidency has reenergized interest from VCs who until recently sat on the sidelines. Some of that excitement is due to existing relationships with Silicon Valley that are borne out of Harris’ career in the San Francisco area and her time as California’s attorney general.

    “We buy risk, right? And we’re trying to buy the right type of risk,” Leslie Feinzaig, founder of “VCs for Kamala” said in an interview. “It’s really hard for these companies that are trying to build products and scale to do so in an unpredictable institutional environment.”

    The schism in tech has left some firms split in their allegiances. Although venture capitalists Marc Andreessen and Ben Horowitz, founders of the firm that is their namesake, endorsed Trump, one of their firm’s general partners, John O’Farrell, pledged his support for Harris. O’Farrell declined further comment.

    Doug Leone, the former managing partner of Sequoia Capital, endorsed Trump in June, expressing concern on X “about the general direction of our country, the state of our broken immigration system, the ballooning deficit, and the foreign policy missteps, among other issues.” But Leone’s longtime business partner at Sequoia, Michael Moritz, wrote in the Financial Times that tech leaders supporting Trump “are making a big mistake.”

    Shaun Maguire, a partner at Sequoia, posted on X that he donated $300,000 to Trump’s campaign after supporting Hilary Clinton in the 2016 presidential election. Federal Election Commission records show that Maguire donated $500,000 to America PAC in June; Leone donated $1 million.

    “The area where I disagree with Republicans the most is on women’s rights. And I’m sure I’ll disagree with some of Trump’s policies in the future,” Maguire wrote. “But in general I think he was surprisingly prescient.”

    Feinzaig, managing director at venture firm Graham & Walker, said that she launched “VCs for Kamala” because she felt frustrated that “the loudest voices” were starting to “sound like they were speaking for the entire industry.”

    Much of the VC discourse about elections is in response to a July podcast and manifesto in which Andreessen and Horowitz backed Trump and outlined their vision of a “Little Tech Agenda” that they said contrasted with the policies sought by Big Tech.

    They accused the U.S. government of increasing hostility toward startups and the VCs who fund them, citing Biden’s proposed higher taxes on the wealthy and corporations and regulations they said could hobble emerging industries involving blockchain and artificial intelligence.

    Vance, a U.S. senator from Ohio who spent time in San Francisco working at Thiel’s investment firm, voiced a similar perspective about “little tech” more than a month before he was chosen as Trump’s running mate.

    “The donors who were really involved in Silicon Valley in a pro-Trump way, they’re not big tech, right? They’re little tech. They’re starting innovative companies. They don’t want the government to destroy their ability to innovate,” Vance said in an interview on Fox News in June.

    Days earlier, Vance had joined Trump at a San Francisco fundraiser at the home of venture capitalist and former PayPal executive David Sacks, a longtime conservative. Vance said Trump spoke to about 100 attendees that included “some of the leading innovators in AI.”

    DeBerry said he doesn’t disagree with everything Andreesen Horowitz founders espouse, particularly their wariness about powerful companies controlling the agencies that regulate them. But he objects to their “little tech” framing, especially coming from a multibillion-dollar investment firm that he says is hardly the voice of the little guy. For DeBerry, whose firm focuses on social impact, the choice is not between big and little tech but “chaos and stability,” with Harris representing stability.

    Complicating the allegiances is that a tough approach to breaking up the monopoly power of big corporations no longer falls along partisan lines. Vance has spoken favorably of Lina Khan, who Biden picked to lead the Federal Trade Commission and has taken on several tech giants. Meanwhile, some of the most influential VCs backing Harris — such as LinkedIn co-founder Reid Hoffman; and Sun Microsystems co-founder Vinod Khosla, an early investor in ChatGPT-maker OpenAI — have sharply criticized Khan’s approach.

    U.S. Rep. Ro Khanna, a Democrat whose California district encompasses part of Silicon Valley, said Trump supporters are a vocal minority reflecting a “third or less” of the region’s tech community. But while the White House has appealed to tech entrepreneurs with its investments in clean energy, electric vehicles and semiconductors, Khanna said Democrats must do a better job of showing that they understand the appeal of digital assets.

    “I do think that the perceived lack of embrace of Bitcoin and the blockchain has hurt the Democratic Party among the young generation and among young entrepreneurs,” Khanna said.

    Naseem Sayani, a general partner at Emmeline Ventures, said Andreessen and Horowitz’s support of Trump became a lightning rod for those in tech who do not back the Republican nominee. Sayani signed onto “VCs for Kamala,” she said, because she wanted the types of businesses that she helps fund to know that the investor community is not monolithic.

    “We’re not single-profile founders anymore,” she said. “There’s women, there’s people of color, there’s all the intersections. How can they feel comfortable building businesses when the environment they’re in doesn’t actually support their existence in some ways?”

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  • Venture capitalists are divided on Harris or Trump

    Venture capitalists are divided on Harris or Trump

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    LOS ANGELES (AP) — Being a venture capitalist carries a lot of prestige in Silicon Valley. Those who choose which startups to fund see themselves as fostering the next big waves of technology.

    So when some of the industry’s biggest names endorsed former President Donald Trump and the onetime VC he picked for a running mate, JD Vance, people took notice.

    Then hundreds of other VCs — some high profile, others lesser-known — threw their weight behind Vice President Kamala Harris, drawing battle lines over which presidential candidate will be better for tech innovation and the conditions startups need to thrive. For years, many of Silicon Valley’s political discussions took place behind closed doors. Now, those casual debates have gone public — on podcasts, social media and online manifestos.

    Venture capitalist and Harris backer Stephen DeBerry says some of his best friends support Trump. Though centered in a part of Northern California known for liberal politics, the investors who help finance the tech industry have long been a more politically divided bunch.

    “We ski together. Our families are together. We’re super tight,” said DeBerry, who runs the Bronze Venture Fund. “This is not about not being able to talk to each other. I love these guys — they’re almost all guys. They’re dear friends. We just have a difference of perspective on policy issues.”

    It remains to be seen if the more than 700 venture capitalists who’ve voiced support for a movement called “VCs for Kamala” will match the pledges of Trump’s well-heeled supporters such as Elon Musk and Peter Thiel. But the effort marks “the first time I’ve seen a galvanized group of folks from our industry coming together and coalescing around our shared values,” DeBerry said.

    “There are a lot of practical reasons for VCs to support Trump,” including policies that could drive corporate profits and stock market values and favor wealthy benefactors, said David Cowan, an investor at Bessemer Venture Partners. But Cowan said he is supporting Harris as a VC with a “long-term investment horizon” because a “Trump world reeling from rampant income inequality, raging wars and global warming is not an attractive environment” for funding healthy businesses.

    Several prominent VCs have voiced their support for Trump on Musk’s social platform X. Public records show some of them have donated to a new, pro-Trump super PAC called America PAC, whose donors include powerful tech industry conservatives with ties to SpaceX and Paypal and who run in Musk’s social circle. Also driving support is Trump’s embrace of cryptocurrency and promise to end an enforcement crackdown on the industry.

    Although some Biden policies have alienated parts of the investment sector concerned about tax policy, antitrust scrutiny or overregulation, Harris’ bid for the presidency has reenergized interest from VCs who until recently sat on the sidelines. Some of that excitement is due to existing relationships with Silicon Valley that are borne out of Harris’ career in the San Francisco area and her time as California’s attorney general.

    “We buy risk, right? And we’re trying to buy the right type of risk,” Leslie Feinzaig, founder of “VCs for Kamala” said in an interview. “It’s really hard for these companies that are trying to build products and scale to do so in an unpredictable institutional environment.”

    What to know about the 2024 Election

    The schism in tech has left some firms split in their allegiances. Although venture capitalists Marc Andreessen and Ben Horowitz, founders of the firm that is their namesake, endorsed Trump, one of their firm’s general partners, John O’Farrell, pledged his support for Harris. O’Farrell declined further comment.

    Doug Leone, the former managing partner of Sequoia Capital, endorsed Trump in June, expressing concern on X “about the general direction of our country, the state of our broken immigration system, the ballooning deficit, and the foreign policy missteps, among other issues.” But Leone’s longtime business partner at Sequoia, Michael Moritz, wrote in the Financial Times that tech leaders supporting Trump “are making a big mistake.”

    Shaun Maguire, a partner at Sequoia, posted on X that he donated $300,000 to Trump’s campaign after supporting Hilary Clinton in the 2016 presidential election. Federal Election Commission records show that Maguire donated $500,000 to America PAC in June; Leone donated $1 million.

    “The area where I disagree with Republicans the most is on women’s rights. And I’m sure I’ll disagree with some of Trump’s policies in the future,” Maguire wrote. “But in general I think he was surprisingly prescient.”

    Feinzaig, managing director at venture firm Graham & Walker, said that she launched “VCs for Kamala” because she felt frustrated that “the loudest voices” were starting to “sound like they were speaking for the entire industry.”

    Much of the VC discourse about elections is in response to a July podcast and manifesto in which Andreessen and Horowitz backed Trump and outlined their vision of a “Little Tech Agenda” that they said contrasted with the policies sought by Big Tech.

    They accused the U.S. government of increasing hostility toward startups and the VCs who fund them, citing Biden’s proposed higher taxes on the wealthy and corporations and regulations they said could hobble emerging industries involving blockchain and artificial intelligence.

    Vance, a U.S. senator from Ohio who spent time in San Francisco working at Thiel’s investment firm, voiced a similar perspective about “little tech” more than a month before he was chosen as Trump’s running mate.

    “The donors who were really involved in Silicon Valley in a pro-Trump way, they’re not big tech, right? They’re little tech. They’re starting innovative companies. They don’t want the government to destroy their ability to innovate,” Vance said in an interview on Fox News in June.

    Days earlier, Vance had joined Trump at a San Francisco fundraiser at the home of venture capitalist and former PayPal executive David Sacks, a longtime conservative. Vance said Trump spoke to about 100 attendees that included “some of the leading innovators in AI.”

    DeBerry said he doesn’t disagree with everything Andreesen Horowitz founders espouse, particularly their wariness about powerful companies controlling the agencies that regulate them. But he objects to their “little tech” framing, especially coming from a multibillion-dollar investment firm that he says is hardly the voice of the little guy. For DeBerry, whose firm focuses on social impact, the choice is not between big and little tech but “chaos and stability,” with Harris representing stability.

    Complicating the allegiances is that a tough approach to breaking up the monopoly power of big corporations no longer falls along partisan lines. Vance has spoken favorably of Lina Khan, who Biden picked to lead the Federal Trade Commission and has taken on several tech giants. Meanwhile, some of the most influential VCs backing Harris — such as LinkedIn co-founder Reid Hoffman; and Sun Microsystems co-founder Vinod Khosla, an early investor in ChatGPT-maker OpenAI — have sharply criticized Khan’s approach.

    U.S. Rep. Ro Khanna, a Democrat whose California district encompasses part of Silicon Valley, said Trump supporters are a vocal minority reflecting a “third or less” of the region’s tech community. But while the White House has appealed to tech entrepreneurs with its investments in clean energy, electric vehicles and semiconductors, Khanna said Democrats must do a better job of showing that they understand the appeal of digital assets.

    “I do think that the perceived lack of embrace of Bitcoin and the blockchain has hurt the Democratic Party among the young generation and among young entrepreneurs,” Khanna said.

    Naseem Sayani, a general partner at Emmeline Ventures, said Andreessen and Horowitz’s support of Trump became a lightning rod for those in tech who do not back the Republican nominee. Sayani signed onto “VCs for Kamala,” she said, because she wanted the types of businesses that she helps fund to know that the investor community is not monolithic.

    “We’re not single-profile founders anymore,” she said. “There’s women, there’s people of color, there’s all the intersections. How can they feel comfortable building businesses when the environment they’re in doesn’t actually support their existence in some ways?”

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  • Which candidate is better for tech innovation? Venture capitalists divided on Harris or Trump

    Which candidate is better for tech innovation? Venture capitalists divided on Harris or Trump

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    LOS ANGELES — Being a venture capitalist carries a lot of prestige in Silicon Valley. Those who choose which startups to fund see themselves as fostering the next big waves of technology.

    So when some of the industry’s biggest names endorsed former President Donald Trump and the onetime VC he picked for a running mate, JD Vance, people took notice.

    Then hundreds of other VCs — some high profile, others lesser-known — threw their weight behind Vice President Kamala Harris, drawing battle lines over which presidential candidate will be better for tech innovation and the conditions startups need to thrive. For years, many of Silicon Valley’s political discussions took place behind closed doors. Now, those casual debates have gone public — on podcasts, social media and online manifestos.

    Venture capitalist and Harris backer Stephen DeBerry says some of his best friends support Trump. Though centered in a part of Northern California known for liberal politics, the investors who help finance the tech industry have long been a more politically divided bunch.

    “We ski together. Our families are together. We’re super tight,” said DeBerry, who runs the Bronze Venture Fund. “This is not about not being able to talk to each other. I love these guys — they’re almost all guys. They’re dear friends. We just have a difference of perspective on policy issues.”

    It remains to be seen if the more than 700 venture capitalists who’ve voiced support for a movement called “VCs for Kamala” will match the pledges of Trump’s well-heeled supporters such as Elon Musk and Peter Thiel. But the effort marks “the first time I’ve seen a galvanized group of folks from our industry coming together and coalescing around our shared values,” DeBerry said.

    “There are a lot of practical reasons for VCs to support Trump,” including policies that could drive corporate profits and stock market values and favor wealthy benefactors, said David Cowan, an investor at Bessemer Venture Partners. But Cowan said he is supporting Harris as a VC with a “long-term investment horizon” because a “Trump world reeling from rampant income inequality, raging wars and global warming is not an attractive environment” for funding healthy businesses.

    Several prominent VCs have voiced their support for Trump on Musk’s social platform X. Public records show some of them have donated to a new, pro-Trump super PAC called America PAC, whose donors include powerful tech industry conservatives with ties to SpaceX and Paypal and who run in Musk’s social circle. Also driving support is Trump’s embrace of cryptocurrency and promise to end an enforcement crackdown on the industry.

    Although some Biden policies have alienated parts of the investment sector concerned about tax policy, antitrust scrutiny or overregulation, Harris’ bid for the presidency has reenergized interest from VCs who until recently sat on the sidelines. Some of that excitement is due to existing relationships with Silicon Valley that are borne out of Harris’ career in the San Francisco area and her time as California’s attorney general.

    “We buy risk, right? And we’re trying to buy the right type of risk,” Leslie Feinzaig, founder of “VCs for Kamala” said in an interview. “It’s really hard for these companies that are trying to build products and scale to do so in an unpredictable institutional environment.”

    The schism in tech has left some firms split in their allegiances. Although venture capitalists Marc Andreessen and Ben Horowitz, founders of the firm that is their namesake, endorsed Trump, one of their firm’s general partners, John O’Farrell, pledged his support for Harris. O’Farrell declined further comment.

    Doug Leone, the former managing partner of Sequoia Capital, endorsed Trump in June, expressing concern on X “about the general direction of our country, the state of our broken immigration system, the ballooning deficit, and the foreign policy missteps, among other issues.” But Leone’s longtime business partner at Sequoia, Michael Moritz, wrote in the Financial Times that tech leaders supporting Trump “are making a big mistake.”

    Shaun Maguire, a partner at Sequoia, posted on X that he donated $300,000 to Trump’s campaign after supporting Hilary Clinton in the 2016 presidential election. Federal Election Commission records show that Maguire donated $500,000 to America PAC in June; Leone donated $1 million.

    “The area where I disagree with Republicans the most is on women’s rights. And I’m sure I’ll disagree with some of Trump’s policies in the future,” Maguire wrote. “But in general I think he was surprisingly prescient.”

    Feinzaig, managing director at venture firm Graham & Walker, said that she launched “VCs for Kamala” because she felt frustrated that “the loudest voices” were starting to “sound like they were speaking for the entire industry.”

    Much of the VC discourse about elections is in response to a July podcast and manifesto in which Andreessen and Horowitz backed Trump and outlined their vision of a “Little Tech Agenda” that they said contrasted with the policies sought by Big Tech.

    They accused the U.S. government of increasing hostility toward startups and the VCs who fund them, citing Biden’s proposed higher taxes on the wealthy and corporations and regulations they said could hobble emerging industries involving blockchain and artificial intelligence.

    Vance, a U.S. senator from Ohio who spent time in San Francisco working at Thiel’s investment firm, voiced a similar perspective about “little tech” more than a month before he was chosen as Trump’s running mate.

    “The donors who were really involved in Silicon Valley in a pro-Trump way, they’re not big tech, right? They’re little tech. They’re starting innovative companies. They don’t want the government to destroy their ability to innovate,” Vance said in an interview on Fox News in June.

    Days earlier, Vance had joined Trump at a San Francisco fundraiser at the home of venture capitalist and former PayPal executive David Sacks, a longtime conservative. Vance said Trump spoke to about 100 attendees that included “some of the leading innovators in AI.”

    DeBerry said he doesn’t disagree with everything Andreesen Horowitz founders espouse, particularly their wariness about powerful companies controlling the agencies that regulate them. But he objects to their “little tech” framing, especially coming from a multibillion-dollar investment firm that he says is hardly the voice of the little guy. For DeBerry, whose firm focuses on social impact, the choice is not between big and little tech but “chaos and stability,” with Harris representing stability.

    Complicating the allegiances is that a tough approach to breaking up the monopoly power of big corporations no longer falls along partisan lines. Vance has spoken favorably of Lina Khan, who Biden picked to lead the Federal Trade Commission and has taken on several tech giants. Meanwhile, some of the most influential VCs backing Harris — such as LinkedIn co-founder Reid Hoffman; and Sun Microsystems co-founder Vinod Khosla, an early investor in ChatGPT-maker OpenAI — have sharply criticized Khan’s approach.

    U.S. Rep. Ro Khanna, a Democrat whose California district encompasses part of Silicon Valley, said Trump supporters are a vocal minority reflecting a “third or less” of the region’s tech community. But while the White House has appealed to tech entrepreneurs with its investments in clean energy, electric vehicles and semiconductors, Khanna said Democrats must do a better job of showing that they understand the appeal of digital assets.

    “I do think that the perceived lack of embrace of Bitcoin and the blockchain has hurt the Democratic Party among the young generation and among young entrepreneurs,” Khanna said.

    Naseem Sayani, a general partner at Emmeline Ventures, said Andreessen and Horowitz’s support of Trump became a lightning rod for those in tech who do not back the Republican nominee. Sayani signed onto “VCs for Kamala,” she said, because she wanted the types of businesses that she helps fund to know that the investor community is not monolithic.

    “We’re not single-profile founders anymore,” she said. “There’s women, there’s people of color, there’s all the intersections. How can they feel comfortable building businesses when the environment they’re in doesn’t actually support their existence in some ways?”

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  • G20 nations agree to join efforts to fight disinformation and set AI guidelines

    G20 nations agree to join efforts to fight disinformation and set AI guidelines

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    SAO PAULO — SAO PAULO (AP) — Group of 20 leaders agreed Friday to join efforts to fight disinformation and set up an agenda on artificial intelligence as their governments struggle against the speed, scale and reach of misinformation and hate speech.

    The ministers, who gathered this week in Maceio, the capital of the northeastern state of Alagoas, emphasized in a statement the need for digital platforms to be transparent and “in line with relevant policies and applicable legal frameworks.”

    It is the first time in the G20’s history that the group recognizes the problem of disinformation and calls for transparency and accountability from digital platforms, João Brant, secretary for digital policy at the Brazilian presidency, told The Associated Press by phone.

    G20 representatives also agreed to establish guidelines for developing artificial intelligence, calling for “ethical, transparent, and accountable use of AI,” with human oversight and compliance with privacy and human rights laws.

    “We hope this will be referenced in the leaders’ declaration and that South Africa will continue the work,” Renata Mielli, adviser to Brazil’s ministry of science, technology and innovation, said. The G20 Leaders’ Summit is scheduled for November, in Rio de Janeiro.

    Mielli, Brazil’s negotiator in the AI working group, said there were disagreements from countries including China and the United States, but declined to provide details. In the end, she said, a consensus prevailed that the world’s richest countries should collaborate to reduce global asymmetry in AI development.

    This week’s meeting took place in the aftermath of X’s ban in Brazil, ordered by Supreme Court Justice Alexandre de Moraes after a monthslong feud with its owner, tech billionaire Elon Musk.

    Since last year, X has clashed with de Moraes over its reluctance to block some users, mostly far-right activists accused of undermining Brazilian democracy. Musk has called the Brazilian justice a dictator and an autocrat due to his rulings affecting his companies in Brazil.

    Brazil currently has the presidency of the 20 leading rich and developing nations and President Luiz Inácio Lula da Silva has put issues that concern the developing world — such as the reduction of inequalities and the reform of multilateral institutions — at the heart of its agenda.

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  • US government orders big US airlines to explain their frequent-flyer programs

    US government orders big US airlines to explain their frequent-flyer programs

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    The Biden administration is examining the four largest U.S. airline frequent-flyer programs and how they devalue points that consumers have earned and frequently change the number of points or miles needed to book flights.

    Transportation Secretary Pete Buttigieg wrote to the CEOs of American, Delta, Southwest and United on Thursday, asking each for a report on policies, fees and other features of their loyalty program.

    Consumers often complain that airlines raise the number of points needed to earn a free flight and limit the number of seats that can be purchased with points.

    Buttigieg said loyalty programs bring value to consumers, and people count on them to pay for vacations and trips to visit family.

    “But unlike a traditional savings account, these rewards are controlled by a company that can unilaterally change their value,” he said in a statement issued by the Transportation Department. “Our goal is to ensure consumers are getting the value that was promised to them, which means validating that these programs are transparent and fair.”

    Delta said loyalty of members in its frequent-flyer program “means everything to us, and providing a meaningful rewards experience is the top priority within Delta’s SkyMiles Program.” Southwest highlighted that its points never expire, and said it books more seats with points than other airlines.

    Airlines for America, a trade group that represents all four carriers targeted by Buttigieg, said millions of people enjoy participating in the loyalty programs.

    “U.S. carriers are transparent about these programs, and policymakers should ensure that consumers can continue to be offered these important benefits,” a spokesperson for the group said.

    Frequent-flyer programs were once based on the number of flights taken or miles flown. In recent years, however, they have been fueled by spending that consumers conduct using airline-branded credit cards. Income from the credit-card issuers has become an important source of airline revenue.

    The Transportation Department and the Consumer Financial Protection Bureau held a hearing in May on the airline programs, at which they raised many of the issued covered in Buttigieg’s letter to airline CEOs. Witnesses included consumer advocates and officials from three smaller airlines, but no representatives of the big four airlines that are covered by the new inquiry.

    One of the advocates who testified, Erin Witte of the Consumer Federation of America, said frequent-flyer programs started as a reward for consumers who were loyal to one airline.

    “It’s ironic that many of them have morphed into programs that are anything but loyal to their customers and instead make people feel like they need an insurance policy to keep the points they have earned,” Witte said Thursday. She said she was glad the Transportation Department is examining the programs.

    The consumer-protection board said in a report for the hearing that it received more than 1,200 complaints about credit card rewards last year, an increase of more than 70% from pre-pandemic levels. Many hotels, retailers and other businesses also offer loyalty programs with credit cards.

    Buttigieg ordered the airlines to report within 90 days on matters including how point values are determined, any fees that consumers must pay, and details of deals with banks that buy miles from airlines and use them to encourage people to shop with their credit cards.

    The order asks airlines to list any changes in their programs since July 31, 2018, including how each change affected the dollar value of reward points.

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  • Japan’s leader makes farewell visit to South Korea to strengthen his legacy of warming ties

    Japan’s leader makes farewell visit to South Korea to strengthen his legacy of warming ties

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    SEOUL, South Korea — Less than a month before leaving office, Japanese Prime Minister Fumio Kishida is visiting South Korea on Friday to boost warming ties between the traditional Asian rivals, as challenges lie ahead for their cooperation after his departure.

    Kishida’s two-day trip was arranged after he “actively” expressed hope for a meeting with conservative South Korean President Yoon Suk Yeol to end his term on a high note in bilateral relations, according to Yoon’s office. It said Yoon and Kishida will look back on their achievements in bilateral ties and discuss further cooperation during a meeting Friday, the 12th between the two leaders.

    This shows what legacy Kishida wants to leave after three years in office, experts say. He is credited with boosting Japan’s security and diplomatic partnerships with the U.S., South Korea and others but suffered low popularity at home due to his governing party’s political scandals.

    “Prime Minister Kishida has put his personal political capital on the line to improve relations with South Korea. With President Yoon, Kishida upgraded bilateral diplomatic and security cooperation and elevated trilateralism with the United States” at a summit at Camp David in the United States last year, said Leif-Eric Easley, professor of international studies at Ewha Womans University in Seoul.

    “This farewell summit in Seoul is meant to solidify that legacy,” he said.

    Japan and South Korea are both key U.S. allies in Asia, together hosting about 80,000 American troops. Their cooperation is crucial for U.S. efforts to buttress its regional alliances in response to increasing Chinese influence and North Korea’s growing nuclear threat. But ties between Japan and South Korea have suffered periodic setbacks because of grievances stemming from Japan’s 1910-45 colonial occupation of the Korean Peninsula.

    Bilateral ties began thawing significantly after Yoon took a contentious step in March 2023 to resolve long-running compensation issues for Koreans who were forced to work for Japanese companies during the colonial period. Kishida later expressed sympathy for the suffering of Korean forced laborers, though he avoided a new, direct apology for the colonization.

    The two countries have since revived high-level talks and withdrawn economic retaliatory measures they had imposed on each other during wrangling over the forced laborers. But Yoon’s creation of a South Korean corporate fund to compensate victims of forced labor without Japanese contributions triggered a domestic backlash as his liberal rivals accused him of being submissive to Tokyo.

    “If President Yoon is truly the president of the Republic of Korea, he must not let the visit become an occasion to advertise Kishida’s achievements,” said Han Min-soo, a spokesperson for the main liberal opposition Democratic Party. “Our people will no longer tolerate the Yoon Suk Yeol government undermining national interest with a subservient diplomacy toward Japan.”

    Yoon has argued that it’s time to move beyond historical disputes and seek better ties with Japan because of shared challenges including the intensifying strategic rivalry between the U.S. and China, North Korea’s advancing nuclear arsenal and supply chain vulnerabilities. Japanese Chief Cabinet Secretary Yoshimasa Hayashi said Tuesday that Kishida’s trip will be an important occasion for the two leaders to discuss further bilateral cooperation in an increasingly difficult strategic environment.

    Choi Eunmi, a Japan expert at the Seoul-based Asan Institute for Policy Studies, said Kishida’s trip suggests he wants to see the momentum for improved ties continue, whoever becomes Japan’s next prime minister.

    No big announcement is expected after Friday’s Yoon-Kishida meeting. The focus of South Korean media attention has been whether Kishida would issue any comments that could help Yoon deal with domestic criticism of his Japan policy.

    “If Kishida offers a reconciliatory gesture on history issues during his visit, he could garner goodwill that would be an asset to Japan’s next leader and also help Yoon address domestic critics of his cooperative approach toward Tokyo,” Easley, the professor, said.

    Last month, Kishida announced he won’t seek another term, clearing the way for his governing Liberal Democratic Party to choose a new standard bearer in its leadership election on Sept. 27. The winner of that election will replace Kishida as both party chief and prime minister.

    Among the leading candidates is former Environment Minister Shinjiro Koizumi, who has frequently visited Tokyo’s controversial Yasukuni Shrine, which honors the country’s about 2.5 million war dead, including convicted war criminals. Japan’s neighbors view the shrine as a symbol of the country’s past militarism.

    “If Shinjiro Koizumi wins the race, he will likely maintain (Kishida’s) strategic external policies including toward South Korea. But whether he would continue to go to Yasukuni Shrine will be a key issue,” Choi said. “Can South Korea accept a new Japanese prime minister visiting Yasukuni Shrine? I doubt it.”

    Kishida has refrained from visiting and praying at the shrine while prime minister, and instead sent ritual offerings.

    Another contender is former Defense Minister Shigeru Ishiba, whose strong comments on Japanese military ambitions could complicate ties with South Korea, Choi said.

    In the longer term, South Korea-Japan relations could experience bigger changes if liberals in South Korea win back the country’s presidency after Yoon ends his single five-year term in 2027.

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  • US government is looking into airline frequent-flyer programs

    US government is looking into airline frequent-flyer programs

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    The Biden administration says it is examining the four largest U.S. airline frequent-flyer programs and how they devalue points that consumers have earned and frequently change the number of points or miles needed to book flights.

    Transportation Secretary Pete Buttigieg wrote to the CEOs of American, Delta, Southwest and United on Thursday, asking each for a report on policies, fees and other features of their loyalty program.

    Consumers often complain that airlines raise the number of points needed to earn a free flight and limit the number of seats that can be purchased with points.

    Buttigieg said loyalty programs bring value to consumers, and people count on them to pay for vacations and trips to visit family.

    “But unlike a traditional savings account, these rewards are controlled by a company that can unilaterally change their value,” he said in a statement issued by the Transportation Department. “Our goal is to ensure consumers are getting the value that was promised to them, which means validating that these programs are transparent and fair.”

    Frequent-flyer programs were once based on the number of flights taken or miles flown. In recent years, however, they have been fueled by spending that consumers conduct using airline-branded credit cards. Income from the credit-card issuers has become an important source of airline revenue.

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  • Biden says rural electrification and internet improvements underscore ‘American comeback’

    Biden says rural electrification and internet improvements underscore ‘American comeback’

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    WESTBY, Wisconsin (AP) — President Joe Biden traveled to rural southwest Wisconsin on Thursday to champion new investments in electrification and expanded high-speed internet, proclaiming that “all these investments mean family farms can stay in the family.”

    In the town of Westby, Biden announced $7.3 billion in investments for 16 cooperatives that will provide electricity for millions of families in rural areas across 23 states, with the goal of lowering the cost of badly needed electricity connections in hard-to-reach areas.

    Funding for the project comes from the Democrats’ Inflation Reduction Act, signed into law in August 2022 and passed in Congress along party lines. The law invests roughly $13 billion in rural electrification across multiple programs and will create 4,500 permanent jobs and 16,000 construction jobs, according to the White House, which called the effort the largest investment in rural electrification since the New Deal in the 1930s.

    Biden also championed 2021’s infrastructure law, which was approved with some support from congressional Republicans and which he said had provided 72,000 additional Wisconsin homes and small businesses with high-speed internet.

    “Just like we’re making the most significant investment in rural electrification since FDR, we’re also making the most significant investment ever in affordable, high-speed internet because affordable high-speed internet is just as essential today as electricity was a century ago,” Biden said, referring to New Deal architect and President Franklin Delano Roosevelt.

    Biden said “all of these investments mean family farms can stay in the family, rural entrepreneurs can build their dreams, your children and grandchildren won’t have to leave home to make a living.”

    “That’s stopping now because we’re spreading opportunities to benefit everyone,” he added.

    Before talking policy, Biden addressed Wednesday’s school shooting in Georgia, where a 14-year-old student fatally shot four people. The president lamented that, during a back-to-school season that should have been a “joyous and exciting,” another community in America was instead left “absolutely shattered” by gun violence.

    Biden endorsed calls for stricter requirements for owners to lock up and better secure their firearms — leaning into the fact that he himself is a gun owner.

    “There are too many people who are able to access guns that shouldn’t be able to,” he said. “So let’s require safe storage of firearms. I know I’ve mine locked up.”

    Biden also praised Vice President Kamala Harris, whom he endorsed after dropping his reelection bid in July. And he sharply criticized her opponent in November, former President Donald Trump, for failing to keep promises to spur public works and instead running up towering federal deficits by passing tax cuts that Biden argued primarily benefited the rich.

    “In thousands of cities and towns across the country and across Wisconsin, we’re seeing the great American comeback story,” Biden said, contrasting that with Trump and top Republicans who he said talk “about how bad off we are.”

    “Today’s announcement is about far more than just giving rural America the power to turn on the lights. It’s about giving the power to shape our own future,” Biden said.

    Democrats consider Wisconsin to be one of the must-win states in November’s presidential election between Trump and Harris. Biden won the state in 2020 by about 20,000 votes, flipping Wisconsin to the Democratic column after Trump narrowly won it in 2016.

    Thursday was also personal for Biden, who returned to Wisconsin to revisit a promise he made early in his presidency to provide, among other infrastructure improvements, better internet to rural areas.

    “It isn’t a luxury; it’s now a necessity, like water and electricity,” Biden said at the La Crosse Municipal Transit Utility in June 2021. White House deputy chief of staff Natalie Quillian said the latest visit means Biden has “delivered on so many of those promises.”

    ___

    This story has been corrected to reflect that the goal is to bring down the cost of electricity connections, not internet connections, in hard-to-reach areas.

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  • Having a family is expensive. Here’s what Harris and Trump have said about easing costs

    Having a family is expensive. Here’s what Harris and Trump have said about easing costs

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    WASHINGTON (AP) — The high cost of caring for children and the elderly has forced women out of the workforce, devastated family finances and left professional caretakers in low-wage jobs — all while slowing economic growth.

    That families are suffering is not up for debate. As the economy emerges as a theme in this presidential election, the Democratic and Republican candidates have sketched out ideas for easing costs that reveal their divergent views about family.

    On this topic, the two tickets have one main commonality: Both of the presidential candidates — and their running mates — have, at one point or another, backed an expanded child tax credit.

    Vice President Kamala Harris, who accepted the Democratic Party’s nomination last week, has signaled that she plans to build on the ambitions of outgoing President Joe Biden’s administration, which sought to pour billions in taxpayer dollars into making child care and home care for elderly and disabled adults more affordable. She has not etched any of those plans into a formal policy platform. But in a speech earlier this month, she said her vision included raising the child tax credit.

    Former President Donald Trump, the Republican, has declined to answer questions about how he would make child care more affordable, even though it was an issue he tackled during his own administration. His running mate, Sen. JD Vance of Ohio, has a long history of pushing policies that would encourage Americans to have families, floating ideas like giving parents votes for their children. Just this month, Vance said he wants to raise the child tax credit to $5,000. But Vance has opposed government spending on child care, arguing that many children benefit from having one parent at home as caretaker.

    The candidates’ care agendas could figure prominently into their appeal to suburban women in swing states, a coveted demographic seen as key to victory in November. Women provide two-thirds of unpaid care work — valued at $1 trillion annually — and are disproportionately impacted when families can’t find affordable care for their children or aging parents. And the cost of care is an urgent problem: Child care prices are rising faster than inflation.

    Kamala Harris: Increase the child tax credit

    When Harris addressed the Democratic National Convention, she talked first about her own experience with child care. She was raised mostly by a single mother, Shyamala Gopalan, who worked long hours as a breast cancer researcher. Among the people who formed her family’s support network was “Mrs. Shelton, who ran the day care below us and became a second mother.”

    As vice president, Harris worked behind the scenes in Congress on Biden’s proposals to establish national paid family leave, make prekindergarten universal and invest billions in child care so families wouldn’t pay more than 7% of their income. She announced, too, the administration’s actions to lower copays for families using federal child care vouchers, and to raise wages for Medicaid-funded home health aides. Before that, her track record as a senator included pressing for greater labor rights for domestic workers, including nannies and home health aides who may be vulnerable to exploitation.

    What to know about the 2024 Election

    This month at a community college in North Carolina, Harris outlined her campaign’s economic agenda, which includes raising the child tax credit to as much as $3,600 and giving families of newborns even more — $6,000 for the child’s first year.

    “That is a vital — vital year of critical development of a child, and the costs can really add up, especially for young parents who need to buy diapers and clothes and a car seat and so much else,” she told the audience. Her running mate selection of Tim Walz, who established paid leave and a child tax credit as governor of Minnesota, has also buoyed optimism among supporters.

    Donald Trump: Few specifics, but some past support

    For voters grappling with the high cost of child care, Trump has offered little in the way of solutions. During the June presidential debate, CNN moderator Jake Tapper twice asked Trump what he would do to lower child care costs. Both times, he failed to answer, instead pivoting to other topics. His campaign platform is similarly silent. It does tackle the cost of long-term care for the elderly, writing that Republicans would “support unpaid Family Caregivers through Tax Credits and reduced red tape.”

    The silence marks a shift from his first campaign, when he pitched paid parental leave, though it was panned by critics because his proposal excluded fathers. When he reached the White House, the former president sought $1 billion for child care, plus a parental leave policy at the urging of his daughter and policy adviser, Ivanka Trump. Congress rejected both proposals, but Trump succeeded in doubling the child tax credit and establishing paid leave for federal employees.

    In his 2019 State of the Union address, Trump said he was “proud to be the first president to include in my budget a plan for nationwide paid family leave, so that every new parent has the chance to bond with their newborn child.”

    This year, there are signs that his administration might not pursue the same agenda, including his selection of Vance as a running mate. In 2021, before he joined the Senate, Vance co-authored an op-ed for The Wall Street Journal opposing a proposal to invest billions in child care to make it more affordable for families. He and his co-author said expanding child care subsidies would lead to “unhappier, unhealthier children” and that having fewer mothers contributing to the economy might be a worthwhile trade-off.

    Vance has floated policies that would make it easier for a family to live off of a single income, making it possible for some parents to stay home while their partners work. Along with his embrace of policies he calls pro-family, he has tagged people who do not have or want children as “sociopaths.” He once derided Harris and other rising Democratic stars as “childless cat ladies,” even though Harris has two stepchildren — they call her “Momala” — and no cats.

    Even without details about new care policies, Trump believes that families would ultimately get a better deal under his administration.

    The Trump-Vance campaign has attacked Harris’ record on the economy and said the Biden administration’s policies have only made things tougher for families, pointing to recent inflation.

    “Harris … has proudly and repeatedly celebrated her role as Joe Biden’s co-pilot on Bidenomics,” said Karoline Leavitt, a campaign spokeswoman. “The basic necessities of food, gas and housing are less affordable, unemployment is rising, and Kamala doesn’t seem to care.”

    ___

    The Associated Press’ education coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

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