Sanders' ill-advised Cuba comments weren't wrong
- Yet Sanders was almost universally condemned, specifically by fellow candidates Pete Buttigieg, Mike Bloomberg and Joe Biden, who unsurprisingly used this as an opportunity to blast the current front-runner in the 2020 Democratic primary, and trumpet themselves as universally opposed to things like "coz[ying] up to dictators." Buttigieg and the Biden campaign got in an added dig at Sanders, likening his comments about Castro to the admiration President Trump has shown for authoritarian leaders, namely Vladimir Putin and Kim Jong Un. In a CNN Town Hall held Monday night, Sanders doubled down on his comments, ultimately stating very forcefully, "truth is truth." He also named other authoritarian governments, in my view implying, though never explicitly stating, that we don't seem to level the same types of critique at those with which we have friendly or important trade relationships, namely Saudi Arabia and China.
The lack of diversity among the 2020 candidates looms over the Democratic debate as Buttigieg points out the '7 white people on this stage talking about racial justice'
- Towards the top of the debate, former South Bend mayor Pete Buttigieg addressed the uncomfortable truth hovering over the proceedings.
- Only white candidates qualified for Tuesday night's debate, ,with Congresswoman Tulsi Gabbard excluded from the debate due to low polling.
- Past debates have also been criticized for failing to include candidates like Andrew Yang, who criticized the qualifying process before ending his campaign earlier this year.
- The candidates spent the next hour attempting to prove to black voters — who make up a significant share of South Carolina's Democratic electorate and, nationally, comprise the party's most loyal voting block — that they were capable of addressing their specific challenges and policy needs.
- The candidates' performance in South Carolina, particularly among black voters, will be seen as a test of whether they can win the rest of the Democratic electorate.
Bloomberg's company announces new mandatory sexual harassment training
- In a memo sent to employees on Tuesday afternoon, ahead of Bloomberg's second debate appearance, the company underlined its "zero tolerance" policy for harassment, while announcing a new mandatory program to prevent harassment.
- Cooper, who said that "Bloomberg has long had a zero tolerance policy when it comes to harassment and discrimination," said the company last year partnered with the Prevention Innovations Research Center at the University of New Hampshire to create a program called Bringing in the Bystander.
- Last year, we partnered with the Prevention Innovations Research Center at the University of New Hampshire to create "Bringing in the Bystander." Bystander intervention is among the most proven measures of harassment prevention, and this unique, evidence-based training was designed to help our employees understand how to respond if they witness inappropriate conduct.
Fed officials hesitant to slash interest rates as coronavirus fears batter markets
- Federal Reserve officials signaled this week that it was too early to assess whether the central bank would need to step in to shield the US economy from potential coronavirus effects, even as expectations for more interest-rate cuts jumped on Wall Street.
- Concerns about the respiratory illness rose on Tuesday after the Centers for Disease Control said the US should prepare for the outbreak to hit communities across the nation.
- The concerns drove investor expectations for another rate cut sharply higher.
- But members of the policy-setting Federal Open Market Committee have maintained a wait-and-see approach despite the rise of COVID-19, which has killed more than 2,700 globally and sickened tens of thousands more.
- With low unemployment and strong consumer activity, policymakers have since said they were comfortable with current borrowing costs.
Top health officials are warning coronavirus will spread in the US — challenging Trump's claim the virus is contained
- "It's not a question of if this will happen, but when this will happen, and how many people in this country will have severe illnesses." Messonnier also said: "We are asking the American public to prepare for the expectation that this might be bad." That assessment was echoed by Health and Human Services Secretary Alex Azar, who told a Senate subcommittee on Tuesday there would likely be additional cases of coronavirus in the US.
- And we are doing the most aggressive containment efforts in modern history to prevent its spread of the United States." The White House, Centers for Disease Control and Prevention, and the Department of Health and Human Services did not respond to requests for comment.
A majority of Americans are worried the coronavirus will hit the US economy
- An increasing number of Americans have grown worried about how the US economy will perform in the face of a fast-spreading viral outbreak.
- The respiratory illness has killed more than 2,700 globally and sickened tens of thousands more.
- Americans have grown increasingly worried about how the US economy will perform in the face of a fast-spreading viral outbreak that has killed more than 2,700 globally and sickened tens of thousands more.
- According to a Kaiser Family Foundation survey released Tuesday, 57% of Americans said they were concerned that the novel coronavirus would have a negative impact on the US economy.
Canada’s mining jurisdictions no longer among 10 most attractive amid slew of scrapped resource projects
- Saskatchewan was the highest ranked province at 11th, down from 3rd last year, followed by Ontario at 16th, Quebec at 18th and British Columbia at 19th, according to the survey released on Tuesday.
- Canada has had trouble over the past few years in attracting investment in resource projects, with a few liquefied natural gas projects cancelled by proponents in British Columbia, and most mining and energy companies complaining of onerous regulations.
- Alberta’s sixth-place ranking on the government policy list came out of what the report said were reduced concerns around environmental regulation and reduced uncertainty regarding the administration, interpretation, or enforcement of existing regulations.
- Overall, the report said that Canada is the third most attractive place in the world for mining companies to invest, after Australia and Europe.
If you're considering buying life insurance, now might be the right time to do it
- Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money.
- According to data from S&P Global Market Intelligence, stronger-than-expected sales in the first nine months of 2019 raised premiums for term life policies over the year.
- For example, Business Insider contributor Clint Proctor got a $500,000 term life insurance policy at age 25 for $20.91 per month.
- While life insurance premium pricing varies by person and has a lot to do with health and risk levels, many policies are already fairly affordable.
- With premium increases slowing down in 2020, now is the time to get that policy you've been considering.
- The cost of putting off a life insurance purchase for a year far outweighs these rate increases.
- We occasionally highlight financial products and services that can help you make smarter decisions with your money.
Democrats and health experts say Trump's $2.5 billion coronavirus spending package is 'completely inadequate'
- President Donald Trump defended his policy response to the coronavirus on Tuesday, as critics and health officials worried a new emergency spending proposal would not do enough to protect the US from the outbreak.
- Trump argued that any White House efforts to contain the coronavirus would draw political fire from Democrats including Senate Minority Leader Chuck Schumer, who called the multibillion dollar spending package "pathetic" on Twitter after it was sent to Congress late Monday.
- In the proposed package, the Trump administration asked for $1.25 billion in new emergency funds for preparation and response efforts and outlined plans to divert another $1.25 billion from other federal programs.
- House Speaker Nancy Pelosi called the emergency funding request "long overdue and completely inadequate to the scale of this emergency" in a statement on Tuesday.
Global trade contracted for the first time since the financial crisis in 2019
- For the first time since the financial crisis, yearly trade volumes fell.
- Data from the CPB World Trade Monitor, which aggregates worldwide trade data, show that world trade volumes fell 0.4% in 2019.
- Bloomberg previously reported the decline.
- The outbreak of the Wuhan coronavirus may not make things much better, Bloomberg reported, adding that though business activity and manufacturing data have shown signs of progress, the economic fallout of coronavirus erased that positive momentum.
- Before the outbreak, there was hope 2020 would look quite different from 2019.
- The trade war and weakness in German industry had dragged on trade numbers in 2019, Bloomberg reported, after a year of growth in 2018, when trade volumes bumped up 3%.
- The CPB Netherlands Bureau for Economic Policy Analysis is a Netherlands research outfit that analyzes economic policies' impact on growth, and publishes the World Trade Monitor.