Trump's Cabinet Welcomes Another Billionaire Wilbur Ross
Mar 01 2017
Wilbur Ross, President Donald Trump's pick to lead the Department of Commerce, was easily confirmed by the Senate in a 72-27 vote Monday.
Ross' involvement in the Bank of Cyprus raises many questions about his judgment, but also about the Trump Administration's seemingly endless direct and indirect connections with friends and associates of Vladimir Putin, who all 17 USA intelligence agencies say conspired to interfere in the November 2016 US election on behalf of Donald Trump.
"Much of the administration's trade agenda has been awaiting the confirmation of Ross, who is the tip of the presidential spear on trade matters", Chris Krueger, an analyst at Cowen & Co., wrote in a report on Monday.
Ross is expected to be a powerful figure in the Trump administration, leading the way on efforts to renegotiate NAFTA, the controversial trade agreement with Canada and Mexico.
Wilbur Ross arriving for his confirmation hearing before the Senate Commerce Committee in January.
Ross, a billionaire, made his fortune restructuring failing companies.
The commerce secretary has several roles in promoting American business interests in the US and overseas.
But Ross has also been criticized for shipping jobs overseas at some of those struggling companies, something that Trump has slammed Ford (F), Carrier and others for doing.
In his new role, Wilbur Ross will be among those leading a potential free-trade deal between the U.S. and the United Kingdom - although his comments sparked fears America will seek to exploit the uncertainty created by Brexit to win business.
During his confirmation hearing, Ross expressed support for "sensible trade", noting he has had direct experience with unfair trade in the steel, textile, and auto parts businesses and other sectors.
Ross has also sought to ease concerns about whether the White House would try to politicize climate science.
Mr Ross served under President Clinton on the board of the US-Russian Investment Fund, and was later an adviser on privatisation to then New York Mayor, Rudy Giulliani.
Feb 27 2017 The People's Court Judge Joseph Wapner Dead at 97
In 1993, the show's producers announced that Wapner would not be returning and The People's Court went on hiatus for four years. On the program, Wapner became a valuable source of education on the legal process through a non-traditional medium.
Feb 24 2017 Giraffe LIVE webcam back on Youtube after being taken down
April is a 15-year old lady and a resident of Animal Adventure Park in Harpursvile, New York. 'We are all on the same team. "This is the ideal example of why we can't have nice things", said Jordan Patch, owner Animal Adventure Park in NY .
Feb 24 2017 Thousands furious over giraffe birth cam being shut down
Park officials ask that curious viewers and supporters not contact them Thursday, as the zoo has been inundated with messages. The park says YouTube chose to take down the feed briefly after animal rights extremists complained about it.
Feb 23 2017 When will Martin Scorsese's The Irishman be on Netflix?
The film was previously set up at Paramount, but Netflix jumped on the project after Paramount's CEO Brad Grey stepped down. An exact release date has not been announced yet, but the movie is expected to start production later this year.
Feb 22 2017 Nearing 93, Robert Mugabe Shows No Sign Of Stepping Down
The party was also attended by the two Vice Presidents, Cdes Emmerson Mnangagwa and Phelekezela Mphoko and Cabinet ministers. President Mugabe cuts his birthday cake together with his son in law Simba Chikore his offices in Harare this morning.
Feb 20 2017 Darrelle Revis turns himself in to Pittsburgh authorities
New York Jets cornerback Darrelle Revis is in legal trouble after a confrontation last Sunday on the streets of Pittsburgh. According to the police statement, " At some point , Revis snatched the cellphone away and attempted to delete the video".
Feb 19 2017 Council clears draft law for compensating states' loss
It is essential that enabling laws for GST are passed in second half of Budget Session to ensure its rollout from July 1. A sub-committee of the GST Council's made up of central and state officials had discussed the draft of Friday.