Trump win will test US allies and institutions

2016 ◽  
Keyword(s):  
Puerto Rico ◽  
Chief Executive ◽  
Market Volatility ◽  
Content Type ◽  
White House ◽  
Unilateral Action ◽  
Syrian Civil War ◽  
Legislative Agenda ◽  
The Us ◽  
Commander In Chief

Significance With Republicans retaining their House and Senate majorities too, Trump is in a position to take unilateral action via his powers as chief executive, battle with Republican leaders and the Democratic minority to set the legislative agenda, challenge his political adversaries for leadership of the party, and define Washington's global role for the next four years as commander-in-chief. However, investors, foreign capitals, corporates and the US public uncertainly await further clarification of the unorthodox candidate's policy programme after discounting his electoral viability and campaign promises. Impacts Senate Democrats under probable Minority Leader Chuck Schumer are likely to adopt a confrontational stance against the White House. Election-related market volatility may slow the pace of US interest rate rises next year. Further US disengagement from the Syrian civil war is likely, to the benefit of President Bashar al-Assad. Puerto Rico Governor-elect Ricky Rossello is unlikely to find allies in Washington for his pro-statehood agenda.

Puerto Rico will enact deep fiscal cuts after default

2017 ◽  
Keyword(s):  
Puerto Rico ◽  
Virgin Islands ◽  
Control Board ◽  
Content Type ◽  
White House ◽  
Us Virgin Islands ◽  
Us Congress ◽  
The Us ◽  
Migration Crisis ◽  
The University

Significance The missed payment marks the island’s second default of 2017 after missing payments in January. The federal fiscal control board imposed by the US Congress has given the indebted Puerto Rican government until February 28 to formulate new budget proposals for the next two years and a ten-year fiscal plan. The control board also extended a temporary stay on creditor litigation to May 1. Impacts A public health or migration crisis involving Puerto Rico’s US citizens would present the White House with political difficulties. Holders of bonds from the highly indebted US Virgin Islands will watch congressional action on Puerto Rico closely. Cuts to employee benefits and tuition increases at the University of Puerto Rico are likely to spark protests.

Puerto Rican shutdown would increase default fears

2015 ◽  
Keyword(s):  
Puerto Rico ◽  
Puerto Rican ◽  
Content Type ◽  
Us Congress ◽  
Federal Intervention ◽  
Congressional Vote ◽  
General Obligation Bonds ◽  
General Obligation ◽  
The Us ◽  
The Government

Significance Puerto Rico is facing a severe fiscal crunch; its general obligation bonds are rated junk status and the government has said that a 2.9 billion dollar bond issuance -- at risk because of the congressional vote -- is required to prevent a shutdown in the next three months. Impacts There is little-to-no prospect of Puerto Rican statehood while Republicans control the US Congress. Puerto Rico would gain five representatives and two senators, likely to vote Democratic. However, this may encourage some Republicans to back federal intervention on debt, to ward off calls for statehood.

Global Magnitsky Act will extend US sanctions reach

2016 ◽  
Keyword(s):  
United Kingdom ◽  
Real Estate ◽  
Barack Obama ◽  
Content Type ◽  
White House ◽  
The United Kingdom ◽  
The Us ◽  
Extrajudicial Killings ◽  
Official Corruption ◽  
National Defence

Subject The US Global Magnitsky Act. Significance Congress passed the Global Magnitsky Act as part of an annual national defence bill on December 8 and President Barack Obama is expected to sign it before the end of the year. The legislation allows the president to impose sanctions against individuals tied to official corruption and extrajudicial killings carried out in retaliation for uncovering illegal or corrupt acts. Impacts Jurisdictions in Australia, Canada, Singapore and the United Kingdom may also seek to boost real estate transparency. The White House may use its new sanctioning powers to pressure Iran and burnish its anti-Tehran credentials. The example set by Trump’s future use of the Global Magnitsky Act will be directly correlated with its chance of renewal in 2022.

Disagreement possible over pace of Myanmar-US policy

2016 ◽  
Keyword(s):  
Presidential Transition ◽  
Content Type ◽  
White House ◽  
Us Congress ◽  
Labour Rights ◽  
Generalized System ◽  
Generalized System Of Preferences ◽  
The Us ◽  
Aung San Suu Kyi ◽  
Policy Engagement

Subject Outlook for US policy engagement with Myanmar as the US presidential transition nears. Significance The White House is preparing to lift most remaining US sanctions on Myanmar, after President Barack Obama's September 14 announcement to this effect when he met Myanmar State Counsellor Aung San Suu Kyi. Washington will also restore Myanmar's access to the US Generalized System of Preferences (GSP) because of recent improvements in labour rights. Supporting Myanmar's democratic 'transition' has been a key Obama policy and the president is attempting to fix progress before his successor takes office in January 2017. Impacts Myanmar's government will deepen ties with Beijing, but not necessarily to the extent of eclipsing US ties. The Rohingya issue will still cause some friction in Myanmar-US ties. Policy gaps and delays on Myanmar between the US Congress and next president may expand.

US charges designed to make Russia hacking irrefutable

2018 ◽  
Keyword(s):  
Democratic Party ◽  
Content Type ◽  
White House ◽  
Russian State ◽  
The Us ◽  
Us Government ◽  
Social Media Platforms ◽  
To Come ◽  
High Level ◽  
First Time

Subject The US indictment of Russian intelligence officers. Significance The latest indictment to come out of the investigation led by Special Counsel Robert Mueller is the most striking yet as it targets Russian state actors for the first time. It sets out charges of hacking into Democratic Party networks, stealing more than 50,000 documents and using them for disruptive purposes in the 2016 US presidential election. Despite the considerable level of detail in the evidence offered, the White House has yet to address publicly the issues raised or confronting Russia. Impacts US government, election software providers, parties and social media platforms will face pressure to prepare for the midterm elections. Detailed attribution of cyber interference will likely weaken the notion that perpetrators enjoy a high level of plausible deniability. Hackers will continue to employ 'spearphishing' for its simplicity, success rate and cost-effectiveness.

US diplomatic service will be downsized and degraded

2018 ◽  
Keyword(s):  
Foreign Policy ◽  
Policy Process ◽  
The State ◽  
Direct Influence ◽  
Donald Trump ◽  
Content Type ◽  
White House ◽  
The Us ◽  
Cutting Out ◽  
Foreign Policy Crises

Subject The State Department. Significance The US State Department’s third-ranking official and most senior career diplomat, Tom Shannon, announced his departure on February 1. While the 60-year old Shannon said he was stepping down for personal reasons, he is only the latest in a stream of senior career diplomats who have left since Donald Trump became president a year ago and appointed Rex Tillerson as secretary of state with a mandate to downsize the department. Impacts Minimising the benefits of diplomacy in favour of military action could exacerbate foreign policy crises and conflicts. White House heel-dragging on filling posts both 'streamlines' State and avoids congressional confirmation scrutiny of political nominees. Concerned that State wields little influence with the White House, Congress will be more assertive in the foreign policy process. Other powers -- particularly US allies -- will seek and have increased direct influence on the White House, cutting out State.

US shipping law is unlikely to ease despite hurricanes

2017 ◽  
Keyword(s):  
Puerto Rico ◽  
Disaster Response ◽  
First Line ◽  
Content Type ◽  
Slow Pace ◽  
The Us ◽  
Popular Pressure ◽  
Customs And Border Protection ◽  
Infrastructure Repair

Significance US Customs and Border Protection (CBP) had earlier denied a request from Puerto Rico to waive certain provisions of the Jones Act which would allow vessels of any registry to ship cargo from the US mainland to Puerto Rico. However, CBP eventually granted the waiver under significant political and popular pressure due to the devastation of Hurricane Maria and slow pace of disaster response. Impacts Infrastructure repair will have a greater impact on Puerto Rico’s recovery than the duration of the Jones Act waiver. Labour maritime unions will lobby senior Democrats to block any retrenchment of mariner protections. Washington’s ‘America First’ line on trade will see it side with US shipbuilders against increasing foreign-built vessels for cabotage.

Market volatility endangers moves to replace LIBOR

2020 ◽  
Keyword(s):  
United States ◽  
Interest Rates ◽  
Banking Sector ◽  
Market Volatility ◽  
Content Type ◽  
Consumer Loans ◽  
The United Kingdom ◽  
Interest Rate Swaps ◽  
The Us ◽  
The Uk

Subject The transition away from LIBOR. Significance The London Interbank Offered Rate (LIBOR) has been relied upon worldwide since 1970 for setting interest rates on syndicated loans, corporate debt, consumer loans, interest rate swaps and other derivatives. Following the 'LIBOR scandal' of 2008, the UK Financial Conduct Authority took over the regulation and administration of the rate, and no manipulation has emerged since 2013. Nevertheless, the United Kingdom and United States are determined to replace LIBOR. Impacts COVID-19 could prompt the US Fed to increase its support to the repo market, exacerbating fears that SOFR is not market determined. The scale and duration of COVID-19-related economic disruptions loom over banking sector profitability. Banks will struggle to balance immediate priorities triggered by COVID-19, and the need to devote staff and funds to the LIBOR transition.

Polling will proliferate despite UK 'Brexit' failure

2016 ◽  
Keyword(s):  
House Of Representatives ◽  
Presidential Election ◽  
Market Volatility ◽  
Content Type ◽  
The United Kingdom ◽  
The Us ◽  
Us Presidential Election ◽  
Us Senate ◽  
Communication Methods ◽  
The Eu

Subject 'Brexit' polling. Significance On June 23, the pound swung wildly: final polls on whether the United Kingdom should leave the EU ('Brexit') had shown a 4-percentage-point lead for 'Remain', only for the final result to be the opposite. Pollsters have been criticised for their failure to predict both this result and the 2015 UK general election outcome, even as qualitative analysts have also been criticised for missing the results. Impacts The US presidential election is immune from most polling failures, given its hyper-coverage and the discrete decisions of swing states. US Senate and House of Representatives elections are much more difficult to poll, leading to likely market volatility in early November. Changes in communication methods are sparking debates about how a representative sample of the population can be reached best.

Papal visit is part of Cuba's international opening

2015 ◽  
Keyword(s):  
Latin American ◽  
Financial Institution ◽  
State Institution ◽  
The United States ◽  
Content Type ◽  
White House ◽  
International Financial Institution ◽  
Us Congress ◽  
The Us ◽  
Paris Club

Significance Cuba is working on many fronts to advance its international insertion after the breakthrough restoration of diplomatic ties with the United States. However, progress is gradual and uneven. A first agreement on Cuba's debt has been reached with the Paris Club, underscoring Cuba's interest in regaining access to financial markets. The Latin American Development Bank (CAF) is the first international financial institution to engage with Cuba, but broader cooperation still faces difficulties. Impacts The popular pope's visit will strengthen the Church's political position as Cuba's most important non-state institution. It will also add to pressure on the US Congress from the White House to lift sanctions. Cooperation with CAF and other bodies will require Cuba to supply transparent and comprehensive economic data -- mostly still lacking. Economic reform is likely to see major new liberalisation measures before the Communist Party congress scheduled for April 2016.

Sign in / Sign up

Export Citation Format

Share Document