WASHINGTON AND NEW YORK | BY DAVID ROHDE AND ARSHAD MOHAMMED
Americans are in a surly mood, confronting rules they feel are rigged against them. President Barack Obama captured this populist temper in his re-election campaign. He then launched his second term declaring that inequality is the “most pressing challenge of our time,” and laying out a popular agenda to raise the federal minimum wage, provide pay equity for women, establish universal pre-school and other initiatives that polls show the public strongly supports.
1. Sealing deadly court files:
In the wake of continuing disclosures about General Motors’ failure to acknowledge critical safety issues related to faulty ignition switches, there’s a looming issue that has not been addressed: How litigation settlements negotiated by private parties can result in court-sanctioned cover-ups that endanger the public.
In response to angry complaints from the Latino community about the administration’s deportation policies, President Barack Obama ordered a review in March “to see how to conduct enforcement more humanely.” At the same time, however, White House officials said the administration would neither suspend deportations nor expand the opportunities to stay for illegal immigrants who came to the United States as children.
Crimea is permanently lost to Russia.
That is implicit in President Barack Obama’s remarks about where the Ukraine crisis heads next; the terms of the Paris talks between Secretary of State John Kerry and the Russian Foreign Minister Sergey Lavrov, and the West’s rejection of military action to hurl back the occupying Russian forces.
For European markets, Germany’s March inflation figure is likely to dominate today. It is forecast to hold at just 1.0 percent. The European Central Bank insists there is no threat of deflation in the currency area although the euro zone number has been in its “danger zone” below 1 percent for five months now.
President Vladimir Putin has disastrously miscalculated and Russia now faces deeper isolation, tougher sanctions and greater economic hardship than at any time since the Cold War. So declared President Obama after the NATO summit in Brussels.