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The top US trade negotiator on Tuesday said that new tariffs on 0 billion in Chinese-made consumer goods including cell phones, toys and video game consoles would be delayed until December 15.The move comes after a phone call between US Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and top Chinese negotiator Liu He in which the parties agreed to pick up negotiations by phone within two weeks, according to a statement from the Chinese Commerce Ministry.President Donald Trump said earlier this month that he would add a 10% tariff on an additional 0 billion of Chinese-made products on September 1, which would effectively put a tax on all Chinese goods coming into the United States.Last year, Trump imposed tariffs on about 0 billion in Chinese-made goods, targeting industrial materials and components."Trade talks are continuing, and during the talks the U.S. will start, on September 1st, putting a small additional tariff of 10% on the remaining 300 billion dollars of products coming from China into our country," he 1076
Tired: Mr. Monopoly. Wired: Ms. Monopoly.One of America's most recognizable board games is getting an upgrade. Hasbro is debuting a new game celebrating women's empowerment -- Ms. Monopoly, marking the first time in Monopoly history when a new mascot will be featured on the cover of the game.The twist? In Ms. Monopoly, female players will get more money.Unlike the classic game, women will collect 240 Monopoly bucks when they pass "go," while male players will collect the usual 200. The idea is to create a game where women make more than men, the first game to do so, according to Hasbro.It's "a fun new take on the game that creates a world where women have an advantage often enjoyed by men," the company said in a statement. "But don't worry, if men play their cards right, they can make more money too."That's not the only difference, though. Instead of buying property, players will invest in inventions created by women -- things like Wi-Fi and chocolate chip cookies. But no worries -- mainstays such as jail, luxury taxes and chance cards are still included.The announcement of Ms. Monopoly comes a few weeks after the company received criticism for Monopoly Socialism -- a tongue-in-cheek game that sparked debate for its flippant handling of socialism. Hasbro also debuted Monopoly for Millennials in 2018, poking fun at stereotypical millennial trends such as avocado toast and veganism.Ms. Monopoly will be available for pre-order beginning September 10. 1483
Then Lt. Dale Menkhaus was in charge of the Cincinnati Police detail at Riverfront Coliseum the night of The Who concert on December 3, 1979. Photo from WCPO Archives. 180
The President's former attorney Michael Cohen testified that Donald Trump directed his charity organization to refund a "fake bidder" for a portrait of himself."Mr. Trump directed me to find a straw bidder to purchase a portrait of him that was being auctioned at an Art Hamptons Event," Cohen told the House Oversight Committee in a public hearing Wednesday."The objective was to ensure that his portrait, which was going to be auctioned last, would go for the highest price of any portrait that afternoon," Cohen said.According to Cohen, the "fake bidder" purchased the portrait for ,000.Cohen alleged that Trump directed the Trump Foundation to use its funds to reimburse the bidder and kept the art, which Cohen claims currently hangs in one of Trump's country clubs.Cohen also provided the House panel with an article about the portrait auction that Trump wrote on and sent to Cohen.Trump tweeted about the portrait sale back in 2013."Just found out that at a charity auction of celebrity portraits in E. Hampton, my portrait by artist William Quigley topped list at K," Trump wrote then. 1112
The Senate on Wednesday passed legislation to make it easier for businesses struggling during the coronavirus pandemic to take advantage of a payroll subsidy program that’s been a central part of Washington’s response to the corresponding economic crisis.The Senate passed the bill by voice vote after a handful of GOP opponents gave way. The measure now heads to President Donald Trump for his expected signature.The legislation would give business owners more flexibility to use taxpayer subsidies for other costs and extend the lifespan of the program as the economy continues to struggle through record joblessness and a deep recession.It passed the House overwhelmingly last week on a 417-1 vote, but was briefly held up this week as Republican leaders sought to placate opponents such as Wisconsin GOP Sen. Ron Johnson.The legislation would lower an original requirement that at least 75% of Paycheck Protection Program money be used on payroll costs, reducing that threshold to 60% of the loan. It would also lengthen the period in which PPP money must be used — and still permit businesses to have their loans forgiven — from eight week to 24 weeks.Critics say the pending measure does nothing to ensure that businesses that don’t necessarily need PPP subsidies are ineligible, among other problems.“If we’re going to potentially authorize more spending, that program needs to be reformed,” Johnson told reporters. “My main problem with what the House did — and this is what’s in dispute — it basically reauthorized the program through Dec. 31, setting up a massive new infusion into the program without the reforms I think really need to be placed so that people who don’t need it don’t keep getting it. We don’t have an unlimited checkbook.”But the bill had strong support among both Republicans and Democrats and the backing of powerful business groups, which strengthened the hand of supporters like top Senate Democrat Chuck Schumer, who had failed earlier Wednesday in his own attempt to orchestrate passage. At that time it became clear Johnson’s resolve to block the bill was fading and Schumer and Majority Leader Mitch McConnell, R-Ky., reprised the effort only hours later.“The impact of this crisis is long lasting, and requires lenient terms. We have all heard from small businesses in our states ... that (PPP) needed some changes to make it work for so many small businesses that had been left out or rejected,” Schumer said.All told, Congress has approved 0 billion for the program in two installments. After an initial burst of loans emptied the program in just two weeks, demand for PPP funding has dwindled amid griping from some business sectors that there are too many restrictions in order to qualify to receive loan forgiveness. Businesses receiving PPP must also certify that they need it to keep operating, a requirement that makes some business owners cautious about applying.Johnson said Republicans are hoping to get top lawmakers to sign onto a nonbinding letter to the program’s overseers seeking to clarify some of the rules governing the program. He did not explain exactly what he’s seeking but said Republican lawmakers are close to agreement on the language of the proposed letter.As enacted in late March, the Paycheck Protection Program required businesses to spend their loan money within an eight-week window to get the loans forgiven — and effectively turned into outright grants. It also required that three-fourths of the money be spent on payroll as a means of keeping workers linked to their jobs. But small businesses said the rules were too inflexible, especially as the eight-week window to use the taxpayer subsidies is beginning to close for many businesses, many of which are still struggling to fully reopen.Restaurants in particular were upset that under the law were required to rehire their laid-off workers even though they were either closed or limited to takeout and delivery. Many other business owners feared that they would use up their loan money before being allowed to reopen, and then have to lay off employees again because their business wouldn’t bring in enough revenue to keep paying everyone.The new measure gives business owners 24 weeks to spend the federal aid — instead of eight as originally designed — and extends the program through the end of the year while also lengthening the the maturity date and deferral period of the loans.Republicans such as Small Business Committee Chairman Marco Rubio of Florida complained that the carefully negotiated bill contains a drafting error that could eliminate loan forgiveness entirely for companies who want to use less than 60% of the money for payroll costs. Under the original PPP legislation, passed in March as part of a massive, about trillion CARES Act, loan forgiveness was prorated according to how badly businesses missed the goal of using 75% to maintain payroll. 4918