ibt-mailNov 12, 2024, 9:58 AM

Trump Starts Filling Out Cabinet Picks For Border, UN

Newsletter Nov 12, 2024 Quick Six Trump starts filling out Cabinet picks with Homan, Stefanik President-elect Donald Trump is filling out his Cabinet, naming immigration official Tom Homan and Rep.

Newsletter Nov 12, 2024

Quick Six

Trump starts filling out Cabinet picks with Homan, Stefanik
President-elect Donald Trump is filling out his Cabinet, naming immigration official Tom Homan and Rep. Elise Stefanik (R-N.Y.) to serve in the incoming administration. Homan will oversee the nation's borders amid Trump's pledge to launch the largest deportation operation of undocumented immigrants in US history. Stefanik, a Trump supporter, was once considered a possible vice president pick for the former president, will assume the post of UN ambassador, which was filled by Nikki Haley in his previous term.
MUSK LETS X USERS MAKE CABINET RECOMMENDATIONS

FTX liquidators file lawsuit against Binance to reclaim $1.8B
The liquidators of the defunct cryptocurrency exchange FTX have sued to try to reclaim $1.8 billion paid by the company to Binance the year before its bankruptcy. According to court documents, Binance owned a 20% stake in FTX, which disgraced CEO Sam Bankman-Fried bought back on behalf of his company for $1.76 billion in July 2021. FTX's liquidators claim the transaction was fraudulent because FTX should have been considered insolvent.
THE CASE LIQUIDATORS ARE MAKING AGAINST BINANCE.

Commerce Department slaps TSMC with trade restrictions
The Department of Commerce has imposed export restrictions on TSMC, prohibiting the shipment of certain 7-nanometer or more advanced chips to China. The order comes after TSMC notified the Commerce Department that one of its chips had been found in a Huawei AI processor. On dismantling the product, Tech Insights discovered TSMC chip, exposing a violation of export controls.
SEE WHY THE US IS CRACKING DOWN ON TECH TO CHINA

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Unions set to lose gains made under Biden

A series of gains for America's unions made during President Joe Biden's administration are vulnerable now that President-elect Donald Trump is headed back to the White House. Historic union contracts that came about with automakers and high-profile companies like Apple, Amazon, Chipotle, Boeing, UPS, Hollywood studios and Starbucks during the Biden administration. Trump is an advocate for companies to have more control over employee pay and anti-union initiatives Trump's administration is expected to push for a deregulatory approach to labor.

THE TRUMP ADMIN'S MOST LIKELY DEREGULATORY ACTIONS

COP29 nations approve new climate rules

Governments at the COP29 talks approved Monday new UN standards for international carbon markets in a key step toward allowing countries to trade credits to meet their climate targets. On the first day of the UN climate talks in Azerbaijan, nearly 200 nations agreed to ground rules for setting a market in motion after nearly a decade of talks. Other key aspects of the overall framework must be negotiated, but the decision brings closer a UN-backed market trading in high-quality credits.

HOW A SYSTEM OF TRADING CLIMATE CREDITS WOULD WORK

Four-year tour offered for Trump detractors

After Donald Trump won the 2024 election, a cruise line is offering a four-year package for customers to "Skip Forward" and avoid his presidency. Villa Vie Residences.announced its "Skip Forward" program, priced at around $40,000 a year. Trump detractors can also purchase the four-year package at once, priced at either $159,999 per head for a room for two or $255,999 for a single-occupancy cabin.

SEE THE STOPS GUESTS CAN TAKE TO ESCAPE TRUMP TERM

Extra point

Before Donald Trump's recent election victory, who is the only other US president to be elected to serve non-consecutive terms? What years?

Friday's answer: The oldest auction house in operation is Stockholm's Auktionsverk ("Stockholm's Auction House"), opened in 1674 in Sweden

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