Democratic Hawaii Rep. Gabbard running for president in 2020

In this July 26, 2016 file photo, Rep. Tulsi Gabbard, D-Hawaii speaks at the Democratic National Convention in Philadelphia. (AP)
Updated 12 January 2019
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Democratic Hawaii Rep. Gabbard running for president in 2020

  • Gabbard was one of the most prominent lawmakers to back Sanders over Hillary Clinton in the 2016 Democratic presidential primary

WASHINGTON: Democratic Rep. Tulsi Gabbard of Hawaii has announced that she is running for president in 2020.
Gabbard said in a CNN interview slated to air Saturday night that she will be formally announcing her candidacy within the next week.
The 37-year-old Iraq War veteran is the first Hindu elected to Congress and the first member born in the US territory of American Samoa. She has visited early primary and caucus states New Hampshire and Iowa in recent months and has written a memoir that’s due to be published in May.
Gabbard is joining what is expected to be a crowded Democratic field. Sen. Elizabeth Warren of Massachusetts has already formed an exploratory committee and is moving quickly with trips across early primary states. California Sen. Kamala Harris, New Jersey Sen. Cory Booker and Vermont Sen. Bernie Sanders are all weighing their own presidential bids and are expected to announce decisions in the upcoming weeks. Former Obama administration housing chief Julian Castro plans to announce his run for the presidency on Saturday.
Gabbard’s run would not be without controversy. In 2016, she alarmed fellow Democrats when she met with Donald Trump during his transition to president and later when she took a secret trip to Syria and met with President Bashar Assad, who has been accused of war crimes and genocide. She questioned whether he was responsible for a chemical attack on civilians that killed dozens and led the US to attack a Syrian air base.
She said she doesn’t regret the trip and considers it important to meet with adversaries if “you are serious about pursuing peace.” She also noted that the 2003 invasion of Iraq was based on faulty intelligence and said that she wanted to understand the evidence of the Syria attack.
Gabbard was one of the most prominent lawmakers to back Sanders over Hillary Clinton in the 2016 Democratic presidential primary. Her endorsement came in dramatic fashion, with her resigning as a vice chairwoman of the Democratic National Committee to express her support.
Asked last year whether she would still consider running if Sanders ran, Gabbard said Sanders is a friend and she didn’t know what his plans were.
“I’m thinking through how I can best be of service and I’ll make my decision based on that,” she said.


UK firms step up preparations for a ‘no-deal’ Brexit as PM Theresa May meets with EU leaders

Updated 21 March 2019
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UK firms step up preparations for a ‘no-deal’ Brexit as PM Theresa May meets with EU leaders

  • May is meeting EU leaders in Brussels on Thursday in attempt to get support for Brexit delay
  • The Bank of England warned in November that the British economy could shrink by a massive 8 percent

LONDON: UK companies have ratcheted up their preparations for a disorderly “no-deal” Brexit as best they can over the past couple of months, the Bank of England said on Thursday.
With the prospect of a chaotic Brexit potentially eight days away, a survey by the central bank’s agents showed that around 80 percent of companies “judged themselves ready” for such a scenario, in which the country crashes out of the European Union with no deal and no transition to new trading arrangements with the bloc. That’s up from around 50 percent in an equivalent survey in January.
For decades, trading with the rest of the EU has been seamless. A disorderly Brexit could see the return of tariffs and other restrictions on trade with the EU, Britain’s main export destination.
To prepare, some firms have moved jobs and operations to the EU to continue to benefit from its seamless trade. Many have had to learn how to file customs declarations and adjust labels on goods. Exporters of animals are learning about health checks they will need to comply with.
According to the bank’s survey, however, many of those companies preparing for a “no-deal” Brexit said “there were limits to the degree of readiness that was feasible in the face of the range of possible outcomes in that scenario.”
There’s only so much companies can do, for example, to prepare for new tariffs and exchange rate movements.

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Britain appears headed for a “no-deal” Brexit on March 29 if Prime Minister Theresa May fails to win parliamentary support for her withdrawal agreement with the EU.
She is meeting EU leaders in Brussels on Thursday in an attempt to get support for a delay to the country’s departure date to June 30. EU leaders have said a short extension would have to be conditional on her Brexit plan getting parliamentary backing and have indicated they would only be willing to back a delay to May 22, the day before elections to the European Parliament. After two heavy rejections in parliament, there are doubts as to whether she will be able to get parliamentary approval. What would happen next is uncertain.
European leaders, including those from France and Luxembourg, have said any extension will be granted dependent on May's deal passing a third parliamentary vote.
The Bank of England warned in November that the British economy could shrink by a massive 8 percent within months, though Governor Mark Carney has indicated the recession will be less savage, partly because of heightened preparedness.
According to the minutes of the latest meeting of the bank’s nine-member Monetary Policy Committee, at which the main interest rate was kept at 0.75 percent, rate-setters warned “Brexit uncertainties would continue to affect economic activity looking ahead, most notably business investment.”
Brexit uncertainty has dogged the British economy for nearly three years. In 2018, the economy grew by 1.4 percent, its lowest rate since 2012, even during what was then a global upswing. Business investment was down 3.7 percent in the fourth quarter from the year before.
“Business investment had now fallen in each of the past four quarters as uncertainties relating to Brexit had intensified,” the rate-setters said.
The survey showed uncertainty was likely to remain for months, even years, as Britain works out its long-term relationship with the EU. It said around 60 percent of UK firms in February said Brexit was one of their top three uncertainties, compared with 40 percent just after the June 2016 Brexit referendum.
Around 40 percent of firms expect the uncertainty to be resolved only by the end of 2019 and 20 percent anticipate it persisting into 2021 or beyond.