ReportWire

Tag: Regional Politics

  • Why It’s Easier to Rob a Museum Than a Jewelry Store in France

    Barely 24 hours had passed since thieves had broken into the Louvre Museum and stolen France’s crown jewels when the mayor of Langres, a walled medieval town in Eastern France, received a troubling phone call. 

    The director of the town’s museum was on the line to report that it too had been robbed. Thieves had penetrated the Maison des Lumières Denis Diderot overnight and gone straight for a display case housing its collection of historic gold and silver coins. 

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    Noemie Bisserbe

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  • Opinion | Escape From Zohran Mamdani’s New York

    Arnold Toynbee’s “Cities on the Move” (1970) documents the history of big cities around the world becoming impoverished and insolvent—some never to recover. Many of the patterns he describes apply to New York now.

    Real estate contributed roughly $35 billion of the $80 billion in city tax receipts in fiscal 2025, and personal taxes another $18 billion. The financial sector, real estate, construction, tourism and retail trade sectors are the major contributors to these revenues.

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    Reuven Brenner

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  • Bank of Canada Gov. Macklem Tells Lawmakers Rate Policy at ‘Right’ Level

    OTTAWA—Bank of Canada Gov. Tiff Macklem told lawmakers Wednesday that central-bank policymakers believe the current rate policy appears appropriate to balance inflation risks while providing the economy with support.

    His opening remarks before the Canadian legislature’s finance committee largely mirrored his comments when announcing a quarter-point cut last week, taking the benchmark interest rate to 2.25%—or 2.75 percentage points lower over a 16-month period.

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    Paul Vieira

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  • A Mayor’s Assassination Reignites Mexico’s Debate Over Confronting Cartels

    MEXICO CITY—Since taking office last year as mayor of Uruapan, Carlos Manzo often led police raids wearing his bulletproof vest and cowboy hat to fulfill his mandate to end endemic extortion in the avocado capital of the world.

    The 40-year-old Manzo knew that the criminal gangs he confronted had more resources and superior weaponry. He was gunned down on Saturday as he officiated a candle-lighting ceremony for Day of the Dead, one of the main religious festivities in Mexico’s western Michoacán state.

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    José de Córdoba

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  • Opinion | A Mamdani Mayoralty Threatens New York’s Jews

    By propagating lies about ‘occupation,’ ‘apartheid’ and ‘genocide,’ he helps promote antisemitism.

    Elisha Wiesel

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  • Colorado Supreme Court bars Trump from the state’s primary ballot

    Colorado Supreme Court bars Trump from the state’s primary ballot

    DENVER — A divided Colorado Supreme Court on Tuesday declared former President Donald Trump ineligible for the White House under the U.S. Constitution’s insurrection clause and removed him from the state’s presidential primary ballot, setting up a likely showdown in the nation’s highest court to decide whether the front-runner for the GOP nomination can remain in the race.

    The decision from a court whose justices were all appointed by Democratic governors marks the first time in history that Section 3 of the 14th Amendment has been used to disqualify a presidential candidate.

    “A majority of the court holds that Trump is disqualified from holding the office of president under Section 3 of the 14th Amendment,” the court wrote in its 4-3 decision.

    Colorado’s highest court overturned a ruling from a district court judge who found that Trump incited an insurrection for his role in the Jan. 6, 2021, attack on the Capitol, but said he could not be barred from the ballot because it was unclear that the provision was intended to cover the presidency.

    The court stayed its decision until Jan. 4, or until the U.S. Supreme Court rules on the case.

    “We do not reach these conclusions lightly,” wrote the court’s majority. “We are mindful of the magnitude and weight of the questions now before us. We are likewise mindful of our solemn duty to apply the law, without fear or favor, and without being swayed by public reaction to the decisions that the law mandates we reach.”

    Trump’s attorneys had promised to appeal any disqualification immediately to the nation’s highest court, which has the final say about constitutional matters.

    “The Colorado Supreme Court issued a completely flawed decision tonight and we will swiftly file an appeal to the United States Supreme Court and a concurrent request for a stay of this deeply undemocratic decision,” Trump campaign spokesman Steven Cheung said in a statement Tuesday night.

    Trump lost Colorado by 13 percentage points in 2020 and doesn’t need the state to win next year’s presidential election. But the danger for the former president is that more courts and election officials will follow Colorado’s lead and exclude Trump from must-win states.

    Colorado officials say the issue must be settled by Jan. 5, the deadline for the state to print its presidential primary ballots.

    Dozens of lawsuits have been filed nationally to disqualify Trump under Section 3, which was designed to keep former Confederates from returning to government after the Civil War. It bars from office anyone who swore an oath to “support” the Constitution and then “engaged in insurrection or rebellion” against it, and has been used only a handful of times since the decade after the Civil War.

    The Colorado case is the first where the plaintiffs succeeded. After a weeklong hearing in November, District Judge Sarah B. Wallace found that Trump indeed had “engaged in insurrection” by inciting the Jan. 6 attack on the Capitol, and her ruling that kept him on the ballot was a fairly technical one.

    Trump’s attorneys convinced Wallace that, because the language in Section 3 refers to “officers of the United States” who take an oath to “support” the Constitution, it must not apply to the president, who is not included as an “officer of the United States” elsewhere in the document and whose oath is to “preserve, protect and defend” the Constitution.

    The provision also says offices covered include senator, representative, electors of the president and vice president, and all others “under the United States,” but doesn’t name the presidency.

    The state’s highest court didn’t agree, siding with attorneys for six Colorado Republican and unaffiliated voters who argued that it was nonsensical to imagine the framers of the amendment, fearful of former Confederates returning to power, would bar them from low-level offices but not the highest one in the land.

    “You’d be saying a rebel who took up arms against the government couldn’t be a county sheriff, but could be the president,” attorney Jason Murray said in arguments before the court in early December.

    Trump’s attorneys argued unsuccessfully that the writers of the amendment expected the Electoral College to prevent former insurrectionists from becoming president.

    They also had urged the Colorado high court to reverse Wallace’s ruling that Trump incited the Jan. 6 attack. His lawyers argued the then-president had simply been using his free speech rights and hadn’t called for violence. Trump attorney Scott Gessler also argued the attack was more of a “riot” than an insurrection.

    That met skepticism from several of the justices.

    “Why isn’t it enough that a violent mob breached the Capitol when Congress was performing a core constitutional function?” Justice William W. Hood III said during the Dec. 6 arguments. “In some ways, that seems like a poster child for insurrection.”

    In the ruling issued Tuesday, the court’s majority dismissed the arguments that Trump wasn’t responsible for his supporters’ violent attack, which was intended to halt Congress’ certification of the presidential vote: “President Trump then gave a speech in which he literally exhorted his supporters to fight at the Capitol,” they wrote.

    Colorado Supreme Court Justices Richard L. Gabriel, Melissa Hart, William W. Hood III and Monica Márquez ruled for the petitioners. Chief Justice Brian D. Boatright dissented, arguing the constitutional questions were too complex to be solved in a state hearing. Justices Maria E. Berkenkotter and Carlos Samour also dissented.

    “Our government cannot deprive someone of the right to hold public office without due process of law,” Samour wrote in his dissent. “Even if we are convinced that a candidate committed horrible acts in the past — dare I say, engaged in insurrection — there must be procedural due process before we can declare that individual disqualified from holding public office.”

    The Colorado ruling stands in contrast with the Minnesota Supreme Court, which last month decided that the state party can put anyone it wants on its primary ballot. It dismissed a Section 3 lawsuit but said the plaintiffs could try again during the general election.

    In another 14th Amendment case, a Michigan judge ruled that Congress, not the judiciary, should decide whether Trump can stay on the ballot. That ruling is being appealed.

    The liberal group behind those cases, Free Speech For People, also filed another lawsuit in Oregon seeking to bounce Trump from the ballot there. The Colorado case was filed by another liberal group, Citizens for Responsibility and Ethics in Washington.

    Both groups are financed by liberal donors who also support President Joe Biden. Trump has blamed the president for the lawsuits against him, even though Biden has no role in them, saying his rival is “defacing the constitution” to try to end his campaign.

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  • Krispy Kreme has launched in Paris — and is already in trouble with the mayor's office

    Krispy Kreme has launched in Paris — and is already in trouble with the mayor's office

    Krispy Kreme has already run into trouble with the deputy mayor of Paris after opening its first store in the French capital this week. 

    The opening saw hundreds of Parisians flock to Krispy Kreme’s
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    new shop, which occupies a site that previously housed a restaurant run by Michelin-starred chef Alain Ducasse. 

    The North Carolina doughnut purveyor’s arrival in Paris, however, also attracted the ire of Deputy Mayor Emmanuel Grégoire, after the business put up a series of posters on the streets of Paris.

    The Socialist Party politician slammed Krispy Kreme’s poster campaign for “littering the streets,” which he described as “illegal, polluting and costly for the community.” The so-called guerrilla marketing tactic of flyposting is illegal under French law.

    “Prepare to get a big fine!” Grégoire said in response to a tweet celebrating the campaign that read: “Prepare to change your diet with @KrispyKremeFrr.”

    The poster campaign was developed by advertising agency Buzzman Time, which has previously designed marketing campaigns for Burger King and Uber Eats.

    The opening of Krispy Kreme’s Paris store marks the company’s first foray into France, which is now the second-biggest fast-food market in the world.

    The New York–listed company, which was founded in 1937, plans to build 500 doughnut stalls across France over the next five years. Krispy Kreme doughnuts are currently available in 38 countries, including Cambodia, Myanmar and Kazakhstan. Its 379 locations in the U.S. are in 41 states and the District of Columbia.

    According to its most recent financial results, Krispy Kreme generated $407 million in revenue in the third quarter of 2023, a 7.9% increase over the previous year. 

    Krispy Kreme and Buzzman Time have not responded to a request by MarketWatch for comment.

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  • New York Gov. Hochul picks February date for special election to Santos seat in House

    New York Gov. Hochul picks February date for special election to Santos seat in House

    ALBANY, N.Y. (AP) — A special election to pick a successor to George Santos, the New York Republican who was expelled from the U.S. House last week, will be held on Feb. 13, Gov. Kathy Hochul announced Tuesday.

    The race for a seat representing some Long Island suburbs and a small part of the New York City borough of Queens is expected to be a high-profile contest that will mark the start of a year of consequential congressional elections in the state.

    For Democrats, the election will be a test of the party’s ability to flip districts around New York City that are seen as vital to their plans to retake control of the House. Republicans enter the contest with heavy momentum on Long Island and will fight to hold on to the district as they look to maintain their narrow House majority.

    From the archives (December 2022): Yes, top House Republicans knew of George Santos’s lies before his election in November

    Candidates in the special election will be picked by party leaders, not voters.

    Former U.S. Rep. Tom Suozzi has emerged as the potential frontrunner nominee for Democrats. Suozzi, 61, represented the district for six years before launching an unsuccessful campaign for governor last year, and previously held political posts as a county executive and mayor on Long Island.

    The centrist Democrat’s deep ties in Long Island politics may provide name recognition and the ability to quickly stand up a campaign — vital attributes in an narrowly focused election where voters will have a limited amount of time to pick their representative.

    From the archives (January 2023): George Santos has ‘disgraced’ U.S. House and should resign, say fellow Long Island Republicans

    Suozzi had announced his campaign for the seat before Santos was expelled, and has been promoting a series of endorsements from local politicians and labor groups after the district became vacant.

    Also vying for the Democratic nomination is former state senator Anna Kaplan, who has in recent days taken potshots at Suozzi’s record and sought to center the special election on passing federal legislation guaranteeing abortion rights.

    On the Republican side, potential names include retired police detective Mike Sapraicone, Air Force veteran Kellen Curry and Nassau County legislator Mazi Pilip, an Ethiopian-born Jewish woman who served in the Israeli military.

    Sapraicone, who is also the founder of a private security company, said he has been interviewed by county Republicans who will select the nominee, with the panel quizzing him on his political stances, his ability to fundraise and quickly launch a campaign.

    Like Suozzi, Sapraicone launched his campaign before Santos was expelled and has already begun to fundraise, with his campaign coffers including $300,000 of his own money, he said.

    “For us to maintain the House and retain the majority is so important,” Sapraicone said. “It’s so important that New York sets the tone here in February.”

    Democrats want to flip at least five House seats in New York next year, with the Santos seat being a potential early indicator of their chances in November.

    The party has dedicated significant financial and organizational resources to the state, after a series of losses last year in the New York City suburbs helped Republicans take control of the House and brought down heavy criticism on state Democrats.

    President Joe Biden won the district in 2020, but Republicans have notched electoral gains on Long Island in recent years as moderate suburban voters there, in contrast to urban areas in much of the country, have shown signs of gravitating toward the GOP.

    In the latest sign of Republican strength on Long Island, the GOP won several local elections last month, including races in the now-vacant district.

    Santos was expelled from the House last week following a scandal-plagued tenure in Congress and a looming criminal trial. He is only the sixth member in the chamber’s history to be ousted by colleagues.

    He had survived an expulsion vote just a month earlier.

    Read on:

    Will George Santos still qualify for a pension and strolling around the House floor?

    There’s a George Santos bobblehead with a Pinocchio-style nose — and that’s no lie

    John Fetterman buys a George Santos Cameo for ‘ethically challenged colleague’ Bob Menendez

    House Republicans scuttle Democrats’ effort to expel George Santos

    Why Republicans are opposing a Senate bid to tighten up Supreme Court ethics amid Clarence Thomas questions

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  • China’s debt outlook cut to negative by Moody’s

    China’s debt outlook cut to negative by Moody’s

    Moody’s Investors Service on Tuesday cut the outlook on China’s debt to negative from stable citing expectations that the national government will have to step in to rescue regional and local governments.

    Moody’s kept China’s long-term rating at A1.

    “The change to a negative outlook reflects rising evidence that financial support will be provided by the government and wider public sector to financially-stressed regional and local governments and state-owned enterprises, posing broad downside risks to China’s fiscal, economic and institutional strength,” said the note from the rating agency, which last month cut the outlook on the U.S.

    China’s property troubles mean that regional and local governments face a loss of land sale revenue, which accounted for 37% of their revenue in 2022 outside of central government transfers. Moody’s says regions that relied most heavily on land sales won’t be able to offset that revenue loss from other sources.

    Moody’s estimates one-third of state-owned enterprises debt — some 40% of GDP — has an interest coverage below 1, which indicates weak debt sustainability. “While not all [state-owned enterprises] are likely to need direct government support, even a moderate proportion doing so over the medium term would represent a significant crystallization of contingent liabilities for the sovereign, increasing the costs of financial support and diminishing fiscal strength,” said Moody’s.

    In a rough day for Chinese stocks, the Hang Seng
    HK:HSI
    fell 1.9%, and the Shanghai Composite
    CN:SHCOMP
    dropped 1.7%.

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  • China’s Colossal Hidden-Debt Problem Is Coming to a Head

    China’s Colossal Hidden-Debt Problem Is Coming to a Head

    China’s Colossal Hidden-Debt Problem Is Coming to a Head

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  • Betting markets now see a Trump 2024 win as likelier than a Biden victory — and give Newsom better chances than Trump’s GOP rivals

    Betting markets now see a Trump 2024 win as likelier than a Biden victory — and give Newsom better chances than Trump’s GOP rivals

    Donald Trump’s chances of winning the 2024 presidential election appear to be improving this week, as betting markets tracked by RealClearPolitics put them just ahead of President Joe Biden’s for the first time this year — at 32%, compared with 30%.

    That’s illustrated in the below chart, which also shows Democratic Gov. Gavin Newsom of California with an 8% chance of getting elected president, even though he has ruled out a White House run repeatedly. Newsom’s chances are ahead of those for Trump’s rivals for the Republican nomination, such as Florida Gov. Ron DeSantis and former U.N. Ambassador Nikki Haley.

    To be sure, betting markets got last year’s midterm elections wrong and can be poor predictors for several reasons. The clientele for political gambling tends to be right-leaning and male, and betting markets can get caught up in narratives as well as skewed by unreliable polls, one expert in political gambling and prediction markets told MarketWatch last year.

    Trump’s chances of winning the 2024 presidential election have hit a new high for the year, as Biden seems to fade a bit, DeSantis has seen a big drop, and some bettors like Michelle Obama.


    RealClearPolitics

    Trump’s improved chances come as he skipped a GOP primary debate for a second time, instead giving a speech Wednesday night directed at Michigan auto workers in which he suggested that none of the debaters deserved to become his vice president.

    The former president has 56.6% support in national primary polls, according to a RealClearPolitics moving average of surveys. He has been indicted this year in two separate election-interference cases, a hush-money case and a classified-documents case, but many Republican voters have rallied around him.

    DeSantis is a distant second in those polls with 14.4% support, followed by Haley at 5.8%, entrepreneur Vivek Ramaswamy at 5.1% and former Trump VP Mike Pence at 4.2%. In aggregate, the non-Trump GOP candidates get 35.9% support in RCP’s average of national polls, compared with Trump’s 56.6%. In RCP’s average of surveys for Iowa, which holds the first major contest in the GOP primary, they get 46.4% support vs. his 49.2%.

    Now read: DeSantis says at debate that Trump’s spending ‘set the stage for the inflation that we have now’

    See also: Gas tax a target at Republican debate. Here’s what you’re paying now.

    Plus: Instagram, other social media should be banned for anyone 16 and under, Ramaswamy says at GOP debate

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  • Chris Christie fires back at Donald Trump as the Republican race heats up in New Hampshire

    Chris Christie fires back at Donald Trump as the Republican race heats up in New Hampshire

    ‘Keep it coming, Donald.’

    That’s Republican presidential candidate and former New Jersey Gov. Chris Christie responding to recent attacks against him by former President Donald Trump, the leading Republican contender in the 2024 race.

    In an interview with CNN’s Wolf Blitzer on Thursday, Christie faulted Trump for not agreeing to appear at the Republican presidential debates, where Christie said Trump would have the opportunity to confront his fellow candidates in person.

    “If he had any guts, he’d get on the debate stage,” Christie said, adding that the former president was hiding behind his “failed” Truth Social site.

    In a series of Truth Social posts that went up late Wednesday, Trump accused Christie of being a “grifter” and pointed to issues with his tenure as New Jersey governor, noting Christie’s low approval rating at the end of his two terms. Trump’s posts also included the now-infamous pictures of Christie sitting at a New Jersey beach in 2017 during a time when such spaces were closed due to the state’s government shutdown.

    Christie has generally trailed in the 2024 presidential polling, but has been making a strong effort to establish himself in New Hampshire, a key early state.

    According to a recent CNN/University of New Hampshire poll, Trump still leads in the state by a wide margin (39%), but Christie (11%) is essentially in a four-way tie with tech entrepreneur Vivek Ramaswamy (13%), former South Carolina Gov. Nikki Haley (12%) and Florida Gov. Ron DeSantis (10%) for second place. DeSantis had been considered Trump’s closest rival in the state, but he’s seen his poll numbers drop considerably of late.

    Christie said on CNN that his rise in New Hampshire has likely prompted Trump’s recent accusations.

    “He has stopped attacking Ron DeSantis and he started attacking me,” Christie said.

    Christie also jokingly questioned if Trump’s late-Wednesday Truth Social posts were a result of indigestion.

    “Maybe he had some bad Chinese food or something,” Christie said.

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  • Pence qualifies for first Republican debate: Here’s who else will be on stage.

    Pence qualifies for first Republican debate: Here’s who else will be on stage.

    Former Vice President Mike Pence has become the eighth, and perhaps final, candidate to qualify for the first Republican presidential primary debate, setting up a possible prime-time clash with Donald Trump.

    That face-off with Trump is not certain, however, because the former president has not yet confirmed whether he will take part in the event.

    Several other GOP hopefuls, meanwhile, have also qualified for the debate. Here’s a look at details including who’ll be on stage and when and where the debate will be held.

    When and where is the debate?

    The first debate of the GOP primary season will be held Aug. 23 in Milwaukee, the same city that will host the party’s 2024 convention. The two-hour debate is scheduled to start at 9 p.m. Eastern time and is being hosted by Fox News.

    Fox News parent Fox Corp.
    FOX,
    +5.56%

    FOXA,
    +5.59%

    and News Corp
    NWS,
    +0.73%

    NWSA,
    +0.84%
    ,
    parent of MarketWatch publisher Dow Jones, share common ownership.

    Besides Pence, who has qualified?

    North Dakota Gov. Doug Burgum, former New Jersey Gov. Chris Christie, Florida Gov. Ron DeSantis, former U.N. Ambassador Nikki Haley, entrepreneur Vivek Ramaswamy, South Carolina Sen. Tim Scott and Trump have all met the debate requirements.

    Other GOP hopefuls including former Rep. Will Hurd of Texas and Miami Mayor Francis Suarez have not yet made the cut.

    Now read: Here are the Republicans running for president in 2024, before their first debate later this month

    Also read: Mike Pence says inflation is 16%, but CPI is 3%. This is his logic.

    What are the requirements for the Milwaukee debate?

    For the first debate, a candidate needs to have at least 1% support in three high-quality national polls or in a mix of state and national polls and must have secured at least 40,000 unique donors.

    Getting on stage for the second debate will be tougher. That contest, scheduled for Sept. 27 at the Ronald Reagan Presidential Library in California, will require candidates to have at least 3% support in two national polls, or in one national poll as well as two polls from four of the early-voting states. Candidates must also have at least 50,000 unique donors, as the Associated Press has reported.

    Now read: Republican Party raising qualification bar for second presidential primary debate

    What has Trump said about attending the debate?

    Playing his cards close to the vest, the former president is asking his supporters whether he should be in Milwaukee on Aug. 23. In an email on Saturday, Trump said he thinks it’s “sort of foolish” for him to attend, given his outsized polling lead.

    “Hopefully, former President Trump has the courage to show up,” Pence’s communications adviser Devin O’Malley said in a statement on Tuesday.

    Read next: Pence, Trump attorney offer conflicting claims over what Trump said ahead of Jan. 6

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  • Here are the Republicans running for president as former Texas Rep. Will Hurd enters the 2024 race

    Here are the Republicans running for president as former Texas Rep. Will Hurd enters the 2024 race

    The increasingly crowded 2024 Republican presidential field is up to 12 relatively well-known contenders. The latest to declare his candidacy is former Texas Rep. Will Hurd, who entered the race Thursday.

    Hurd singled out both President Joe Biden and former President Donald Trump in his announcement, saying Biden would win re-election if Trump secured the GOP nomination. Trump has a big lead in polls of Republican primary voters.

    The ex-congressman joins several other presidential hopefuls who have thrown their hats in the ring this month. Miami Mayor Francis Suarez launched his bid last week, and two weeks ago, former Vice President Mike Pence, former New Jersey Gov. Chris Christie and current North Dakota Gov. Doug Burgum all formally kicked off their campaigns.

    Meanwhile, Virginia Gov. Glenn Youngkin said last month that he won’t be on the presidential campaign trail in 2023 because of elections to his state’s legislature in November, but he appears to have left the door open to a 2024 White House run.

    Below is MarketWatch’s list of Republican presidential contenders and the status of their candidacies.

    Trump grabbed the spotlight this month as he pleaded not guilty on June 13 following his federal indictment on 37 charges, including unauthorized retention of classified documents and obstruction of justice.

    See: Latest Trump indictment could help him in the 2024 GOP primary but not in the general election, analysts say

    Plus: Trump calls latest indictment ‘election interference’

    On the Democratic side, Biden officially launched his re-election campaign in April, even as most Americans don’t approve of his performance. The president has been talking up the strong job market and his legislative record.

    The first official debate of the GOP presidential primary is slated to be held in Milwaukee on Aug. 23. The Republican National Committee said there will be a second debate on Aug. 24 if “enough candidates qualify to make it necessary.”

    The list above features relatively high-profile names, but there are lesser-known GOP presidential hopefuls as well, such as Aaron Day, who is known in part for his 2016 run against former Sen. Kelly Ayotte of New Hampshire, a fellow Republican; Perry Johnson, a former gubernatorial candidate in Michigan; Steve Laffey, a former mayor of Cranston, R.I.; and former Montana Secretary of State Corey Stapleton.

    A number of other Republican politicians have also been talked about as potential 2024 contenders but haven’t said they are running. That group includes Texas Gov. Greg Abbott, who has passed on speaking in the key primary state of Iowa; John Bolton, a former national-security adviser and former ambassador to the United Nations; former Rep. Liz Cheney of Wyoming, who has run an ad in New Hampshire, another key state; South Dakota Gov. Kristi Noem; and former Rep. Mike Rogers of Michigan.

    Among the prominent Republicans who have said they’re not seeking their party’s presidential nomination in 2024 are Sen. Ted Cruz of Texas, former Maryland Gov. Larry Hogan, Georgia Gov. Brian Kemp, former Secretary of State Mike Pompeo and New Hampshire Gov. Chris Sununu.

    From MarketWatch’s archives (September 2022): In a conversation with MarketWatch, Vivek Ramaswamy says companies should ‘leave politics to the politicians’

    Democrats are closing ranks behind Biden, although author and activist Marianne Williamson has said she’s seeking the party’s nomination again and vigorously defended her decision to challenge the president in an extensive question-and-answer session with MarketWatch. Antivaccine activist Robert F. Kennedy Jr. is also mounting a long-shot challenge to Biden and held a kickoff event for his campaign in April.

    Among third-party candidacies, Cornel West, a former Ivy League professor now at Union Theological Seminary, has announced he’s a presidential candidate for the People’s Party. In addition, a group called “No Labels” has been considering a “unity ticket” for 2024, saying that a rematch between Biden and Trump would be “the sequel that no one asked for,” but a Politico report said the group would not submit a third-party challenger if DeSantis becomes the Republican nominee.

    Now read: Nikki Haley says ‘no Republican president will have the ability to ban abortion nationwide’

    Also: Biden criticizes DeSantis over his Medicaid stance while in Florida

    Plus: Billionaire investor Bill Ackman says JPMorgan’s Jamie Dimon should run for president

    Robert Schroeder contributed.

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  • BOJ Gov. Ueda Says Inflation Easing Slower Than Expected

    BOJ Gov. Ueda Says Inflation Easing Slower Than Expected

    By Megumi Fujikawa

    Bank of Japan Gov. Kazuo Ueda said Friday that Japan’s inflation is easing slower than expected.

    “The pace of price increases is expected to slow down toward the middle of this fiscal year,” which began in April, Ueda said at a news conference.

    However, uncertainty remains high over whether inflation will stay above the BOJ’s projections or start falling sharply later this year, he said.

    Japan’s overall consumer inflation has come down from its peak of 4.3% in January but was still at 3.5% in April.

    Write to Megumi Fujikawa at megumi.fujikawa@wsj.com

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  • Former New Jersey Gov. Chris Christie planning to launch GOP presidential campaign next week

    Former New Jersey Gov. Chris Christie planning to launch GOP presidential campaign next week

    NEW YORK (AP) — Former New Jersey Gov. Chris Christie is expected to launch a Republican presidential campaign next week in New Hampshire.

    Christie, who also ran in 2016, is planning to make the announcement at a town hall Tuesday evening at Saint Anselm College’s New Hampshire Institute of Politics, according to a person familiar with his thinking who spoke on condition of anonymity to confirm Christie’s plans.

    The…

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  • Texas House votes to impeach Republican Attorney General Ken Paxton

    Texas House votes to impeach Republican Attorney General Ken Paxton

    The Texas House of Representatives voted Saturday to impeach scandal-plagued Republican Attorney General Ken Paxton, triggering his immediate suspension from duties and setting up a trial that could permanently remove the state’s top lawyer from office.

    The 121-23 vote constitutes an abrupt downfall for one of the GOP’s most prominent legal combatants, who in 2020 asked the U.S. Supreme Court to overturn President Joe Biden’s electoral defeat of Donald Trump. It makes Paxton only the third sitting official in Texas’ nearly 200-year history to have been impeached.

    The historic vote came after a months-long House investigation into the three-term attorney general that resulted in 20 charges alleging sweeping abuses of power, including obstruction of justice, bribery and abuse of public trust.

    Paxton, 60, is just the third sitting official to be impeached in the state’s nearly 200-year history.

    The House is controlled by Republicans and the matter now moves to the Republican-controlled state Senate. A two-thirds vote by the 31-member Senate would be enough to remove him from office.

    Paxton’s wife, two-term state Sen. Angela Paxton, could be among those casting a vote on her husband’s political future.

    Paxton has criticized the impeachment effort as an attempt to “overthrow the will of the people and disenfranchise the voters of our state.” He has said the charges are based on “hearsay and gossip, parroting long-disproven claims.”

    Texas’ Republican-led House of Representatives launched historic impeachment proceedings against Attorney General Ken Paxton earlier on Saturday as Donald Trump defended the scandal-plagued GOP official from a vote that could lead to his ouster.

    The House convened in the afternoon to debate whether to impeach and suspend Paxton over allegations of bribery, abuse of public trust and that he is unfit for office — just some of the accusations that have trailed Texas’ top lawyer for most of his three terms.

    The hearing set up what could be a remarkably sudden downfall for one of the GOP’s most prominent legal combatants, who in 2020 asked the U.S. Supreme Court to overturn President Joe Biden’s electoral defeat of Trump.

    Paxton, 60, has decried what he called “political theater” based on “hearsay and gossip, parroting long-disproven claims,” and said it’s an attempt to disenfranchise voters who reelected him in November. It’s unclear where the attorney general was Saturday, but during the House proceeding he was sharing statements from supporters on Twitter.

    “No one person should be above the law, least not the top law enforcement officer of the state of Texas,” Rep. David Spiller, a Republican member of the committee that investigated Paxton, said in opening statements.

    Rep. Ann Johnson, a Democratic member, told lawmakers that Texas’ “top cop is on the take.” Rep. Charlie Geren, a Republican committee member, said without elaborating that Paxton had called lawmakers and threatened them with political “consequences.”

    As the articles of impeachment were laid out, some of the lawmakers shook their heads.

    Paxton has been under FBI investigation for years over accusations that he used his office to help a donor and was separately indicted on securities fraud charges in 2015, though he has yet to stand trial. Until this week, his fellow Republicans had taken a muted stance on the allegations.

    Lawmakers allied with Paxton tried to discredit the investigation by noting that hired investigators, not panel members, interviewed witnesses. They also said several of the investigators had voted in Democratic primaries, tainting the impeachment, and that they had too little time to review evidence.

    “I perceive it could be political weaponization,” said Rep. Tony Tinderholt, one of the House’s most conservative members. Republican Rep. John Smithee compared the proceeding to “a Saturday mob out for an afternoon lynching.”

    Impeachment requires just a simple majority in the House.

    Texas’ top elected Republicans had been notably quiet about Paxton this week. But on Saturday both Trump and U.S. Sen. Ted Cruz came to his defense, with the senator calling the impeachment process “a travesty” and saying the attorney general’s legal troubles should be left to the courts.

    “Free Ken Paxton,” Trump wrote on his social media platform Truth Social, warning that if House Republicans proceeded with the process, “I will fight you.”

    Abbott, who lauded Paxton while swearing him in for a third term in January, has remained silent. The governor spoke at a Memorial Day service in the House chamber about three hours before the impeachment proceedings began.

    Republican House Speaker Dade Phelan also attended but the two appeared to exchange few words, and Abbott left without commenting to reporters.

    In one sense, Paxton’s political peril arrived with dizzying speed: The House committee’s investigation came to light Tuesday, and by Thursday lawmakers issued 20 articles of impeachment.

    But to Paxton’s detractors, the rebuke was years overdue.

    In 2014, he admitted to violating Texas securities law, and a year later he was indicted on securities fraud charges in his hometown near Dallas, accused of defrauding investors in a tech startup. He pleaded not guilty to two felony counts carrying a potential sentence of five to 99 years.

    He opened a legal defense fund and accepted $100,000 from an executive whose company was under investigation by Paxton’s office for Medicaid fraud.

    An additional $50,000 was donated by an Arizona retiree whose son Paxton later hired to a high-ranking job but was soon fired after displaying child pornography in a meeting.

    In 2020, Paxton intervened in a Colorado mountain community where a Texas donor and college classmate faced removal from his lakeside home under coronavirus orders.

    But what ultimately unleased the impeachment push was Paxton’s relationship with Austin real estate developer Nate Paul.

    In 2020, eight top aides told the FBI they were concerned Paxton was misusing his office to help Paul over the developer’s unproven claims that an elaborate conspiracy to steal $200 million of his properties was afoot.

    The FBI searched Paul’s home in 2019, but he has not been charged and denies wrongdoing. Paxton also told staff members he had an affair with a woman who, it later emerged, worked for Paul.

    The impeachment accuses Paxton of attempting to interfere in foreclosure lawsuits and issuing legal opinions to benefit Paul. Its bribery charges allege that Paul employed the woman with whom Paxton had an affair in exchange for legal help and that he paid for expensive renovations to the attorney general’s home.

    A senior lawyer for Paxton’s office, Chris Hilton, said Friday that the attorney general paid for all repairs and renovations.

    Other charges, including lying to investigators, date back to Paxton’s still-pending securities fraud indictment.

    Four of the aides who reported Paxton to the FBI later sued under Texas’ whistleblower law, and in February he agreed to settle the case for $3.3 million. The House committee said it was Paxton seeking legislative approval for the payout that sparked their probe.

    “But for Paxton’s own request for a taxpayer-funded settlement over his wrongful conduct, Paxton would not be facing impeachment,” the panel said.

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  • NAACP and other civil-rights groups issue Florida travel advisories

    NAACP and other civil-rights groups issue Florida travel advisories

    Ron DeSantis signs the Parental Rights in Education bill, known as the “Don’t say gay” bill, in March at Classical Preparatory School in Shady Hills, Fla.


    Douglas R. Clifford/Tampa Bay Times/AP/file

    ORLANDO, Fla. (AP) — The NAACP over the weekend issued a travel advisory for Florida, joining two other civil rights groups in warning potential tourists that recent laws and policies championed by Gov. Ron DeSantis and Florida lawmakers are “openly hostile toward African Americans, people of color and LGBTQ+ individuals.”

    Don’t miss: Disney scraps plans on roughly $1 billion investment at new corporate campus in Florida 

    The NAACP, long an advocate for Black Americans, joined the League of United Latin American Citizens (LULAC), a Latino civil-rights organization, and Equality Florida, a gay-rights advocacy group, in issuing travel advisories for the Sunshine State, where tourism is one of the state’s largest job sectors.

    The warning approved Saturday by the NAACP’s board of directors tells tourists that, before traveling to Florida, they should understand the state of Florida “devalues and marginalizes the contributions of, and the challenges faced by African Americans and other communities of color.”

    An email was sent Sunday morning to DeSantis’s office seeking comment. DeSantis is expected to announce a run for the GOP presidential nomination this week.

    See: Busy, and bellicose, legislative session winds down in Florida. Now it’s decision time for DeSantis.

    Florida is one of the most popular states in the U.S. for tourists, and tourism is one of its biggest industries. More than 137.5 million tourists visited Florida last year, marking a return to pre-pandemic levels, according to Visit Florida, the state’s tourism promotion agency. Tourism supports 1.6 million full-time and part-time jobs, and visitors spent $98.8 billion in Florida in 2019, the last year figures are available.

    The NAACP’s decision comes after the DeSantis’s administration in January rejected the College Board’s Advanced Placement African American Studies course. DeSantis and Republican lawmakers also have pressed forward with measures that ban state colleges from having programs on diversity, equity and inclusion, as well as critical race theory, and also passed the Stop WOKE Act that restricts certain race-based conversations and analysis in schools and businesses.

    In its warning for Hispanic travelers considering a visit to Florida, LULAC cited a new law that prohibits local governments from providing money to organizations that issue identification cards to people illegally in the country and invalidates out-of-state driver’s licenses held by undocumented immigrants, among other things.

    See: DeSantis criticizes Trump for implying Florida abortion ban is ‘too harsh’

    Also: Writers group PEN America and publisher Penguin Random House sue over book ban in Florida

    The law also requires hospitals that accept Medicaid to include a citizenship question on intake forms, which critics have said is intended to dissuade immigrants living in the U.S. illegally from seeking medical care.

    “The actions taken by Gov. DeSantis have created a shadow of fear within communities across the state,” said Lydia Medrano, a LULAC vice president for the Southeast region.

    Recent efforts to limit discussion on LGBTQ topics in schools, the removal of books with gay characters from school libraries, a recent ban on gender-affirming care for minors, new restrictions on abortion access and a law allowing Floridians to carry concealed guns without a permit contributed to Equality Florida’s warning.

    “Taken in their totality, Florida’s slate of laws and policies targeting basic freedoms and rights pose a serious risk to the health and safety of those traveling to the state,” Equality Florida’s advisory said.

    Read on:

    U.S. Border Patrol says illegal crossings are down dramatically since lifting of Title 42 asylum restrictions

    2024 Republican hopefuls rush to defend Marine who put New York subway rider in fatal chokehold

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  • As Biden says he’s ‘planning on running,’ here are the potential 2024 Republican candidates

    As Biden says he’s ‘planning on running,’ here are the potential 2024 Republican candidates

    The contest to become the Republican Party’s 2024 presidential nominee is heating up, with Nikki Haley, a former U.S. ambassador to the United Nations, and longshot candidate Vivek Ramaswamy each announcing runs since the beginning of the year, and former Arkansas Gov. Asa Hutchinson joining the fray in a Sunday-show appearance on April 2.

    Another notable move has been the rollout of a campaign-style book by Florida Gov. Ron DeSantis, in which he argues that his approach to managing his state can provide a model for the rest of the country.

    And former President Donald Trump appears to be getting a political lift from a Manhattan district attorney’s case against him, though some analysts don’t see the boost lasting.

    Related: Trump’s presidential campaign raises $7 million after his indictment

    So who are all the GOP politicians in the mix for 2024?

    Below is MarketWatch’s list of the potential Republican presidential contenders and the status of their candidacies.

    Meanwhile, President Joe Biden appears poised to announce this spring that he’ll seek re-election in 2024. Democrats seem to be closing ranks behind Biden, although author and activist Marianne Williamson said she’s seeking the party’s nomination again and vigorously defended her decision to challenge Biden in an extensive question-and-answer session with MarketWatch. Anti-vaccine activist Robert F. Kennedy Jr. also is mounting a longshot challenge to Biden, as he filed a statement of candidacy in early April.

    Biden gave a fresh hint on Monday about his re-election bid at the annual White House Easter Egg Roll, saying in an interview with Al Roker of NBC’s “Today” show that he aims to take part in “at least three or four more Easter egg rolls. Maybe five. Maybe six.”

    “I’m planning on running, Al, but we’re not prepared to announce it yet,” the president said.

    Related: Biden criticizes DeSantis over his Medicaid stance while in Florida

    And see: 5 things to know about Nikki Haley, the Republican candidate challenging Trump in 2024

    Plus: Ron DeSantis skips CPAC, says Republicans act like ‘potted plants’ when facing ‘woke ideology’

    Name

    Title

    Reports or statements on candidacy

    Greg Abbott

    Texas governor

    Abbott strategist said governor “will take a look at the situation” after state’s legislative session ends in late May

    John Bolton

    Former national-security adviser, former ambassador to United Nations

    He has said he may run for president in 2024

    Liz Cheney

    Former Wyo. congresswoman

    She has said she hasn’t made a decision about a 2024 run

    Chris Christie

    Former N.J. governor

    He said in late March that he’ll make decision on run in next 60 days

    Ted Cruz

    U.S. senator from Texas

    He said he won’t seek the GOP presidential nomination, instead aiming for re-election in Senate

    Aaron Day

    Known in part for running against former N.H. GOP Sen. Kelly Ayotte

    He announced his candidacy in February

    Ron DeSantis

    Florida governor

    He hasn’t made a formal announcement, but his team has rolled out a book and talked to prospective campaign staff

    Nikki Haley

    Former ambassador to United Nations, former S.C. governor

    She announced her run in February

    Larry Hogan

    Former Md. governor

    He said he won’t run

    Asa Hutchinson

    Former Ark. governor

    Having promised a decision in April, he said on April 2 that he’s running

    Perry Johnson

    Businessman and former Mich. gubernatorial candidate

    He announced his candidacy in early March

    Brian Kemp

    Ga. governor

    He hasn’t ruled out running, but has said he’s “not focused on 2024

    Steve Laffey

    Former Cranston, R.I., mayor

    He announced his candidacy in February

    Kristi Noem

    S.D. governor

    She has said she hasn’t ruled out a presidential run

    Mike Pence

    Former vice president

    He has beefed up his staff but said he doesn’t feel any rush to make an announcement

    Mike Pompeo

    Former CIA director and secretary of state

    Announced on April 14 on Twitter that he has decided against a run

    Vivek Ramaswamy

    Entrepreneur and author known for criticizing ESG investing as “wokeism”

    He announced his candidacy in February

    Kim Reynolds

    Iowa governor

    A former RNC chair has said she should be considered for 2024

    Mike Rogers

    Former Mich. congressman

    He suggested an announcement on a run may come in “late spring, early summer

    Tim Scott

    U.S. senator for S.C.

    He’s making trips to Iowa and New Hampshire, key primary states

    Francis Suarez

    Mayor of Miami, Fla.

    He has said he’s considering a run

    Chris Sununu

    N.H. governor

    He has said he’s considering a run

    Donald Trump

    Former president

    He announced in November that he’s running

    Glenn Youngkin

    Va. governor

    He hasn’t ruled out running, but said he’s focused on Virginia

    Read on: Tucker Carlson questionnaire reveals a fault line among Republicans: U.S. support for Ukraine’s defense against Russian invasion

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  • ‘We are losing our democracy. This is not OK.’: Tennessee lawmakers oust 2 Democrats over gun protest

    ‘We are losing our democracy. This is not OK.’: Tennessee lawmakers oust 2 Democrats over gun protest

    NASHVILLE, Tenn. — In an extraordinary act of political retaliation, Tennessee Republicans on Thursday expelled two Democratic lawmakers from the state Legislature for their role in a protest that called for more gun control in the aftermath of a deadly school shooting in Nashville. A third Democrat was narrowly spared by a one-vote margin.

    The split votes drew accusations of racism, with lawmakers ousting Reps. Justin Jones and Justin Pearson, who are both Black, while Rep. Gloria Johnson, who is white, survived the vote on her expulsion.

    Banishment is a move the chamber has used only a handful times since the Civil War. Most state legislatures possess the power to expel members, but it is generally reserved as a punishment for lawmakers accused of serious misconduct, not used as a weapon against political opponents.

    Jones, Pearson and Johnson joined in protesting last week as hundreds of protesters packed the Capitol to call for passage of gun-control measures. While demonstrators filled galleries, the three Democrats approached the front of the House chamber with a bullhorn and participated in a chant.

    The protest unfolded days after the shooting at the Covenant School, a private Christian school where six people were killed, including three children.

    “We are losing our democracy. This is not normal. This is not OK,” Pearson told reporters as he waited to learn whether he would be banished too. The three “broke a House rule because we’re fighting for kids who are dying from gun violence and people in our communities who want to see an end to the proliferation of weaponry in our communities.”

    Johnson, a retired teacher, said her concern about school shootings was personal, recalling a day in 2008 when students came running toward her out of a cafeteria because a student had just been shot and killed there.

    “The trauma on those faces, you will never, ever forget. I don’t want to forget it,” she said.

    Thousands of people flocked to the Capitol on Thursday to support the Democrats, cheering and chanting outside the House chamber so loudly that the noise drowned out the proceedings.

    The trio held hands as they walked onto the House floor, and Pearson raised his fist to the crowd during the Pledge of Allegiance.

    Offered a chance to defend himself before the vote, Jones said the GOP responded to the shooting with a different kind of attack.

    “We called for you all to ban assault weapons, and you respond with an assault on democracy,” he said.

    If expelled, Jones vowed that he would continue pressing for action on guns.

    “I’ll be out there with the people every week, demanding that you act,” he said.

    Republican Rep. Gino Bulso said the three Democratic representatives “effectively conducted a mutiny.”

    “The gentleman shows no remorse,” Bulso said, referring to Jones. “He does not even recognize that what he did was wrong. So not to expel him would simply invite him and his colleagues to engage in mutiny on the House floor.”

    The two expelled lawmakers may not be gone for long. County commissions in their districts get to pick replacements to serve until a special election can be scheduled. They also would be eligible to run in the special election.

    Under the Tennessee Constitution, lawmakers cannot be expelled for the same offense twice.

    Republican Rep. Sabi Kumar advised Jones, who is Black, to be more collegial and less focused on race.

    “You have a lot to offer, but offer it in a vein where people are accepting of your ideas,” Kumar said.

    Jones said he did not intend to assimilate in order to be accepted. “I’m not here to make friends. I’m here to make a change for my community,” he replied.

    Fielding questions from lawmakers, Johnson reminded them that she did not raise her voice nor did she use the bullhorn as did the other two, both of whom are new lawmakers and among the youngest members in the chamber.

    But she also suggested that race was likely a factor on why Jones and Pearson were ousted but not her, telling reporters that it “might have to do with the color of our skin.”

    That notion was echoed by state Sen. London Lamar, a Democrat representing Memphis.

    Lawmakers “expelled the two black men and kept the white woman,” Lamar, a Black woman, said via Twitter. “The racism that is on display today! Wow!”

    After sitting quietly for hours and hushing anyone who cried out during the proceedings, people in the gallery erupted in screams and boos following the final vote. There were chants of “Shame!” and “Fascists!”

    Lawmakers quickly adjourned for the evening.

    Outrage over the expulsions underscored not only the ability of the Republican supermajority to silence opponents, but its increasing willingness to do so.

    In Washington, President Joe Biden blasted the GOP’s priorities.

    “Three kids and three officials gunned down in yet another mass shooting. And what are GOP officials focused on? Punishing lawmakers who joined thousands of peaceful protesters calling for action. It’s shocking, undemocratic, and without precedent,” Biden tweeted.

    Many of the protesters traveled from Memphis and Knoxville, areas that Pearson and Johnson represent, and stood in a line that wrapped around the Capitol to get inside.

    Protesters outside the chamber held up signs that said, “School zones shouldn’t be war zones,” “Muskets didn’t fire 950 rounds per minute” with a photo of George Washington, and “You can silence a gun … but not the voice of the people.“

    Before the expulsion vote, House members debated more than 20 bills, including a school safety proposal requiring public and private schools to submit their building safety plans to the state. The bill did not address gun control, sparking criticism from some Democratic members that lawmakers were only addressing a symptom and not the cause of school shootings.

    Past expulsion votes have taken place under distinctly different circumstances.

    In 2019, lawmakers faced pressure to expel former Republican Rep. David Byrd after he faced accusations of sexual misconduct dating to when he was a high school basketball coach three decades earlier. Republicans declined to take any action, pointing out that he was reelected as the allegations surfaced. Byrd retired last year.

    Last year, the state Senate expelled Democrat Katrina Robinson after she was convicted of using about $3,400 in federal grant money on wedding expenses instead of her nursing school.

    Before that case, state lawmakers last ousted a House member in 2016 when the chamber voted 70-2 to remove Republican Rep. Jeremy Durham after an attorney general’s investigation detailed allegations of improper sexual contact with at least 22 women during his four years in office.

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