News Roundup

Pres. Trump announces Tariffs

  • The Trump administration has announced a 25% tariff on imported steel and a 10% tariff on imported aluminum
  • The tariffs are being booed by economists and many politicians in the US and around the world, and cheered by executives and workers in the steel and aluminum industries, which have faced decades of decline
  • European Commission president Jean-Claude Juncker criticized the move, saying the EU would “not sit idly while our industry is hit with unfair measures that put thousands of European jobs at risk,” with Canadian Foreign Minister Chrystia Freeland also criticizing the move, saying Canada will “take responsive measures to defend its trade interests and workers”
  • The Dow Jones industrial average closed more than 400 points lower last night after rising more than 150 points earlier in the day, and the S&P 500 and Nasdaq composite fell 1.4% and 1.3% respectively
  • Breweries and other companies in the beverage industry have warned that their businesses could be damaged by the duties, with Molson Coors warning that they would “likely to lead to job losses across the beer industry”

Roundup of gun reform news

  • Pres. Trump tweeted that he had a “good (Great) meeting” with the NRA after saying that other lawmakers were “petrified” of the organization
  • Gun reform legislation seems stalled on Capitol Hill, with Sen. Majority Leader Mitch McConnell announcing Thursday that the Senate would turn to a banking bill next week instead of gun reforms, although there appears to be widespread bipartisan support for a bill that would improve background checks by offering financial incentives to state and local authorities for reporting information
  • A new NPR poll says that 75% want more strict gun laws, up from 68% in October of last year

Fierce U.S. weather on both coasts, with nor’easter and western blizzard

  • A storm that will likely turn into a “bomb cyclone” will be hitting New England this weekend, bringing hurricane force winds and major flooding
  • Massachusetts’ National Guard have been put into place to help with the storm, with the state’s governor Charlie Baker saying that “People need to take this very seriously” during a press conference yesterday
  • A blizzard warning was issued for the Lake Tahoe area, in effect from yesterday morning until the early hours of this morning, with heavy snows blanketing the Sierra Nevada mountain range, including parts of both California and Nevada

UK is digging out from extreme weather

  • A new confluence of storms will cause transportation delays and disruptions, with Storm Emma colliding with what’s being called the “Beast from the East”
  • Police in South West England declared a “major incident” in which 100 vehicles got stuck in snow
  • The United Kingdom may have problems with gas use due to supply problems caused by plummeting temperatures

Investors buying Weinstein Company assets to start new women-led film studio

  • The company is being bought by a group backed by billionaire Ron Burkle and led by Maria Contreras-Sweet, who was in charge of the Small Business Administration under President Barack Obama
  • The deal is said to be worth more than $500 million

President, VP and First Lady travel for Billy Graham funeral

  • Pres. Trump, First Lady Melania Trump, Vice Pres. Mike Pence, and Karen Pence along with thousands of others will be attending the funeral in Charlotte, North Carolina, which is scheduled to start 12 p.m. EST
  • The funeral will be held at a library parking lot under a tent much like one used in Graham’s 1949 Los Angeles revival crusade

Russian Pres. Putin announces new class of fast, powerful weapons

  • One system Putin described was a “low-flying, difficult-to-spot cruise missile,” another was a submarine-launched, long-range missile capable of delivering a nuclear warhead
  • The Russian election will be taking place in 16 days

Police in Israel question Prime Minister Bibi

  • Weeks after police recommended that Israeli Prime Minister Benjamin Netanyahu be interrogated about allegations of corruption, this Friday he was questioned, with the outcome uncertain

Italian election taking place

  • 81-year-old media mogul and former Prime Minister Silvio Berlusconi is making a comeback, leading a center-right coalition, although he wouldn’t be able to take office as a 2013 tax-fraud conviction bars him from holding public office until next year
  • The anti-establishment far-right “Five Star Movement” party is ahead in the polls, with a young leader and a message that’s critical of the European Union, has libertarian economic policies, is very progressive on the environment, and is ambivalent on immigration

Top Stories

New York Times: N.R.A. Suggests Trump May Retreat From Gun Control
Washington Post : Pentagon weighs changes to missile defense policy to address threats from Russia, China
Drudge Report : Not Again!
The Daily Caller : ‘Shameful’ | EXCLUSIVE: FBI Responds To Secret Comey-Obama Meetings
Breitbart News : Asia Expert on Trade Deficit: China ‘Might as Well Have Carpet Bombed the American Heartland’ | …‘Communist Party Believes Rules Are for Fools’
Slate : Let Carson Keep His Fancy Furniture
HuffPost : World Warns: Trade War Over Trump Tariffs!
BuzzFeed : D’Oh 💰 Trump Has People Worried About A Trade War. Here’s Why, Explained With Simpsons GIFs.