Tag: Heir

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World News

Samsung shares fall as inheritor Lee is launched from jail

Samsung stocks fall as heir Lee is released from prison

SINGAPORE — South Korean stocks led losses among the Asia-Pacific markets in Friday morning trade, with shares of firms related to conglomerate Samsung falling after the firm’s heir was released from prison.

In Friday morning trade, shares of industry heavyweight Samsung Electronics plunged 3.25% while Samsung C&T dropped 1.48%. Samsung Life Insurance fell nearly 1% and Samsung SDS declined 1.4%.

Those losses came after Samsung Electronics Vice Chairman Jay Y. Lee was released from prison on Friday. South Korea’s justice ministry announced earlier this week that he had qualified for parole.

The broader Kospi in South Korea was down by 1.61%.

In Japan, the Nikkei 225 dipped 0.17% while the Topix index traded 0.1% higher.

Over in Australia, the S&P/ASX 200 edged 0.49% higher as investors watched the coronavirus situation, with the country’s capital Canberra entering a week-long lockdown from Thursday after a Covid-19 case was identified.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.43% lower.

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Overnight on Wall Street, the Dow Jones Industrial Average climbed 14.88 points to 35,499.85 while the S&P 500 gained about 0.3% to 4,460.83. The Nasdaq Composite advanced 0.35% to 14,816.26.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.995 — above levels below 92.9 seen earlier in the week.

The Japanese yen traded at 110.39 per dollar, weaker than levels below 110.20 seen against the greenback earlier this week. The Australian dollar changed hands at $0.7334, off levels above $0.736 seen earlier in the trading week.

Oil prices were lower in the morning of Asia trading hours, with international benchmark Brent crude futures slipping 0.53% to $70.94 per barrel. U.S. crude futures shed 0.56% to $68.7 per barrel.

Categories
Politics

Might Ron DeSantis Be Trump’s G.O.P. Inheritor? He’s Actually Attempting.

Could Ron DeSantis Be Trump’s G.O.P. Heir? He’s Certainly Trying.

“We have too many people in this party who don’t fight back,” he told the gathering, according to the New York Times audio. “You can’t be afraid of the left, you can’t be afraid of the media, and you can’t be afraid of big tech.”

The governor has also taken steps to bolster his political standing in dealing with the pandemic, calling reporters to the State Capitol to blow it up Wednesday with a slideshow titled “FACTS VS. SMEARS ”- a report in CBS News’ 60 Minutes that contained insufficient evidence of a pay-to-play dynamic between Mr DeSantis’s government and the distribution of Covid-19 vaccines to white and wealthy Floridians.

His records of the virus are indeed mixed. By some standards, Florida has had average pandemic performance that is not over yet. However, his decisions helped ensure that hospitals were not overwhelmed with coronavirus patients. He emphasizes that he helped businesses survive and enabled children to go to school.

What his critics can’t forget, however, is how he defied some key public health guidelines. An article approving masks written under his name by his staff in mid-July was never approved for publication by the governor. The restrictions he is now dismissing as ineffective, such as local mask mandates and curfews that experts say actually worked, have, in most cases, been imposed by Democratic mayors he hardly speaks to.

However, given the way people admire or despise him, the nuances seem secondary.

He enrags passionate critics who believe he is acting wisely to look after his own interests. They fear that this approach has helped confuse public health messages, the preference for vaccines for the rich, and the deaths of some 34,000 Floridians. “DeathSantis” is what they call him. (Mr. DeSantis declined repeated interview requests for this article.)

But almost at every turn, Mr. DeSantis has used the criticism as an opportunity to become an avatar for national conservatives who enjoy the governor’s willingness to fight. He can score points that his potential Washington minority Republican rivals, including Rubio and Senator Rick Scott, his predecessor as governor, can’t.