Trump Beats Hillary Again, This Time as Person of the Year
Earlier this week, Donald Trump met with Masayoshi Son, billionaire, founder and CEO of SoftBank, a company which controls household name companies such as Sprint, with investments in others like Yahoo and Alibaba. After the meeting concluded, Trump tweeted out that Son had agreed to invest $50 million into U.S. startups. Son is an interesting figure, to be sure, aspiring to be the Warren Buffett of tech, with a 300-year plan already in place for his company. One of his corporate goals? Figure out how to make telepathic communication a reality. His meeting with Trump isn’t an unusual event on his agenda, as Son meets regularly with world leaders. Just recently, he’s met with the prime minister of India to discuss a $10 billion investment in the country’s tech sector, as well as the president of South Korea.
Trump’s tweets about Son have definitely affected the businessman’s American standing. This week, SoftBank’s depositary receipts climbed 3 percent to $30.99 on the New York Stock Exchange. Meanwhile, Trump’s negative opinions are having an impact on stock prices as well. His recent so-called attack on Boeing resulted in a 1.5 percent fall on Tuesday.
These effects are flashing warning signs to some experts. Anne Krueger, economics professor at John Hopkins University and former first deputy director of the International Monetary Fund, says “The rule of law is what prevents crony capitalism, and the minute you have the president-elect, politicians or bureaucrats meeting with business owners to dispense special favors it unlevels the playing field. We all ought to be screaming now because if we don’t, we’re going to be a third-world country before we know it.”
Time magazine has regardless named Donald Trump its Person of the Year. In response, Trump told NBC’s Today show, “It’s a great honor. It means a lot, especially me growing up reading Time magazine. And it’s a very important magazine, and I’ve been lucky enough to be on the cover many times this year — and last year. But I consider this a very, very great honor.” When Trump was passed over as Person of the Year in 2015, in favor of Angela Merkel, he was quite miffed, saying that Merkel was picked even though she was “ruining Germany” and even that “the magazine’s going down the tubes…It’s great, isn’t it? To watch these guys go down the tubes? Isn’t it great? I love it.” Time, however, has clarified that their pick of Trump this year is not a mark of approval on its part, and that the decision is made based on the “newsmaker who has influenced events for better or for worse,” with past honorees being Vladimir Putin, Joseph Stalin, Adolf Hitler and others. To take the title this year, Trump beat out Hillary Clinton, Turkish President Recep Tayyip Erdogan, Nigel Farage, Beyonce, Indian Prime Minister Narendra Modi and citizens from Flint, Mich.
In Ohio, lawmakers are pushing for the country’s most restrictive abortion laws. A bill was sent to Gov. John Kasich Tuesday that would ban abortions after a fetal heartbeat is detected, which is as early as six weeks. The bill would not include exceptions for pregnancies occurring after rape or incest, but would in the event that the pregnancy is threatening the life of the woman. The bill is in direct violation of constitutional standards for abortion rights. Federal courts have already prevented several similar laws from passing in other states, and the U.S. Supreme Court has previously required states to allow all abortions before 24 weeks, or when a fetus is viable outside the womb.
Nearly 100 people are dead, with hundreds more injured, many quite seriously, after a 6.5-magnitude earthquake in Indonesia. Dozens of buildings collapsed and hospitals are now overflowing with emergency patients, suffering from a shortage of medical personnel. Many are treating the wounded right within the hallways, before moving them to disaster tents as they become available. The earthquake struck the Aceh province, which is situated on the north side of Sumatra island. Aceh was the site of the horrific tsunami in 2004 that killed more than 226,000 people. A tsunami warning has not been issued following the current earthquake. Residents are now being told to sleep outdoors, in the case of aftershocks which may cause more buildings to collapse, as rescue teams continue searching for missing persons by both earth movers and by hand.