Tag: longer

  • No longer taken advantage of: Trump signs order prioritizing ‘unified’ US foreign policy front

    No longer taken advantage of: Trump signs order prioritizing ‘unified’ US foreign policy front

    President Donald Trump on Wednesday signed an executive order reinforcing a “unified” voice for U.S. foreign policy that prioritizes his “America First” agenda. 

    The executive order emphasizes the State Department’s responsibility to uphold the Trump administration’s foreign policy priorities, and that the agency has the proper channels to ensure that “officers and employees faithfully implement the President’s policies,” according to a White House fact sheet. 

    Additionally, the executive order instructs Secretary of State Marco Rubio to execute reforms to recruitment, evaluation, performance and retention standards to ensure that the State Department employs the most qualified individuals to represent the U.S., according to the fact sheet. 

    Likewise, Rubio has the authority under the order to update the Foreign Affairs Manual or other procedural documents pertaining to foreign service. 

    TRUMP MEETS WITH JORDAN’S KING AMID TENSE TALKS ABOUT RESETTLING PALESTINIANS 

    Secretary of State Marco Rubio has the authority under the order to update the Foreign Affairs Manual or other procedural documents pertaining to foreign service. (Mark Schiefelbein/The Associated Press)

    “President Trump is committed to safeguarding the integrity of U.S. foreign policy by ensuring that America’s interests are prioritized through a unified diplomatic voice, with related personnel held accountable to the President’s vision,” the White House said in the fact sheet. 

    “No longer will America be taken advantage of by foreign nations or by rogue actors who undermine our sovereignty or security.” 

    The executive order expands upon Trump’s America First policy directive that he signed after his inauguration, which states that “the foreign policy of the United States shall champion core American interests.” 

    The Trump administration has put forward some bold foreign policy proposals during his second term, including unveiling an effort to shutter the U.S. Agency for International Development (USAID), a group that works to deliver aid to impoverished countries and development assistance. 

    Rubio, now acting director of the independent agency, said on Feb. 3 that USAID was not “functioning” and that the organization isn’t a “global charity.” 

    TRUMP NOT COMMITTING TO PUTTING US TROOPS ON THE GROUND IN GAZA, WHITE HOUSE SAYS

    President Donald Trump announces plans to "take over" the Gaza Strip in a "long-term ownership position" to deliver stability to the region during a joint press conference with Israeli Prime Minister Benjamin Netanyahu, left, on Feb. 4.

    President Donald Trump announces plans to “take over” the Gaza Strip in a “long-term ownership position” to deliver stability to the region during a joint press conference with Israeli Prime Minister Benjamin Netanyahu, left, on Feb. 4. (Ting Shen/Bloomberg via Getty Images)

    “It needs to be aligned with the national interest of the U.S.,” Rubio said. “They’re not a global charity, these are taxpayer dollars. People are asking simple questions. What are they doing with the money? We are spending taxpayers’ money. We owe the taxpayers assurances that it furthers our national interest.”

    Likewise, Trump also announced plans on Feb. 4 to “take over” the Gaza Strip in a “long-term ownership position” to deliver stability to the region during a joint press conference with Israeli Prime Minister Benjamin Netanyahu.

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    The proposal prompted swift backlash from Arab countries, including Jordan, and Egypt announced plans on Sunday for an emergency Arab Summit to discuss “new and dangerous developments” regarding the resettling of Palestinians on Feb. 27. 

    Trump met with Jordan’s King Abdullah II on Tuesday, who said he would wait for the Egyptians to take the lead on a proposal moving forward as they negotiate with the U.S. on plans to take over Gaza. However, Abdullah did reveal plans to accept 2,000 sick Palestinian children to Jordan.

    “I think let’s wait until the Egyptians can come and present it to the president and not get ahead of us,” Abdullah said. 

  • Goldman Sachs will no longer ban companies with all White boards from IPO services

    Goldman Sachs will no longer ban companies with all White boards from IPO services

    Goldman Sachs has lifted its ban on companies with all White or all male boards from receiving initial public offerings services, marking it one of the biggest Wall Street firms to do an about-face on DEI. 

    The ban, first instituted in 2020, stipulated that the investment bank would not take a company public in the U.S. or Western Europe unless it had one non-White board member and one female board member.

    Goldman issued the ban as DEI swept much of Wall Street and corporate America during the nation-wide racial turmoil and riots sparked by the death of George Floyd at the hands of police officer Derek Chauvin.

    FCC LAUNCHES PROBE INTO NBC NEWS PARENT COMCAST ‘TO ROOT OUT INVIDIOUS FORMS OF DEI DISCRIMINATION’

    Goldman Sachs has dropped its ban on companies with all-White boards receiving IPO services.  (Thiago Prudencio/SOPA Images/LightRocket via Getty Images / Getty Images)

    “As a result of legal developments related to board diversity requirements, we ended our formal board diversity policy. We continue to believe that successful boards benefit from diverse backgrounds and perspectives, and we will encourage them to take this approach.” Goldman Sachs spokesperson Tony Fratto said in a statement.

    The Wall Street titan will continue to source diverse candidates for its clients’ boards when requested, a spokesperson said. 

    Goldman’s move comes amid a changing legal landscape which has seen the courts and the Trump administration take an aggressive posture towards DEI measures. 

    A nearly identical 2022 Nasdaq rule that required companies listed on the exchange to either have one female director and one director who identified as an underrepresented minority/LGBTQ, or explain why the board didn’t meet these requirements, was struck down by a federal appeals court in 2022. 

    DISNEY DROPS CONTROVERSIAL ‘REIMAGINE TOMORROW’ PROGRAM AS COMPANY PARES BACK DEI INITIATIVES

    JPMorgan CEO Jamie Dimon

    Jamie Dimon defended his bank’s DEI practices at a Davos interview.  (Victor J. Blue/Bloomberg via Getty Images / Getty Images)

    Goldman’s turn away from DEI comes as other Wall Street outfits have dug in their heels. JPMorgan Chase CEO Jamie Dimon told CNBC “bring them on” at a Jan. Davos interview when asked about anti-DEI investors targeting his bank. Dimon went on to say that he supports the approach his bank has taken on diversity issues, but will course correct when necessary.

    “We are going to continue to reach out to the Black community, Hispanic community, the LGBT community, the veterans community. We have a special program, a disabled second chance initiative. And wherever I go, red states, blue states, green states, mayors, governors, and they say they like what we do,” he said.

    President-elect Trump

    Trump has been rooting out DEI from the federal government.  ( Chip Somodevilla/Getty Images / Getty Images)

    JPMorgan has also set up a “war room” to analyze new Trump policies as the president issues a flurry of executive orders purging DEI from the federal government and private businesses and other regulations. 

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    “At JPMorgan, we have a war room set up to analyze and evaluate each and every one of these, so they’ve been up all night and are working on it,” Mary Erdoes, CEO of JPMorganChase’s Asset & Wealth Management line of business, said at the Davos World Economic Forum in January.