‘Fake news' network MSNBC ruthlessly mocked for ‘horrible' rebrand following NBC split
Social media users were quick to slam the new name and home of anti-Trump hosts such as Rachel Maddow and Nicolle Wallace.
'MSNBC can change their name all they want, they'll still be the same fake news liars with horrible ratings,' wrote one user.
The liberal network was forced to drop the MSNBC name following its split from parent company Comcast.
MS NOW is now owned by the publicly traded company Versant and is expected to start at the end of the year, as it drops the iconic peacock from the NBC logo.
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The Age
30 minutes ago
- The Age
Australia news LIVE: Netanyahu blasts ‘weak' Albanese; Trump rules out US troops in Ukraine
Posts area Latest posts Latest posts 6.59am Netanyahu criticised for 'disappointing' Albanese remark By Daniel Lo Surdo Housing Minister Clare O'Neil has hit out at Israeli Prime Minister Benjamin Netanyahu's scathing remarks about Anthony Albanese, in which he called the Australian PM a 'weak' politician who has 'betrayed Israel and abandoned Australia's Jews'. O'Neil said Netanyahu's comments were 'disappointing', finding that Albanese was 'unfailingly polite' in his dealings with his international counterparts. 'The Australian government is not going to get into a tit-for-tat here,' O'Neil told Seven's Sunrise. 'I know the Israeli prime minister has had similar things to say about other global leaders with whom he has a disagreement. This kind of diplomacy is never effective and that's why the Australian government doesn't engage.' 6.49am Ukrainian ambassador 'cautiously optimistic' of peace By Daniel Lo Surdo Ukrainian ambassador to Australia Vasyl Myroshnychenko has indicated he is 'cautiously optimistic' about the prospect of peace between Ukraine and Russia, as arrangements for peace talks between the nations' leaders and US President Donald Trump are advanced following the visit of a high-powered European delegation to the White House yesterday. Ukrainian President Volodymyr Zelensky has said he is open to meeting Russian counterpart Vladimir Putin to advance discussions to end the war, but has refused calls to cede land to Russia and has called for security guarantees from allied nations to prevent further Russian aggression following the conclusion of the current conflict. Myroshnychenko praised Trump's efforts to advance peace between Russia and Ukraine, but cast doubt about Russia's willingness to partake in fair negotiations to end the war. 'I'm cautiously optimistic because I've seen it all in three and a half years, and we don't know what's going to happen,' Myroshnychenko told Nine's Today. 'What's important for us is how can we achieve security guarantees, which would deter a Russian invasion three years from now or later on.' 6.33am Trump rules out deployment of US troops in Ukraine deal By David Crowe President Donald Trump has ruled out sending US troops to Ukraine in a potential peace deal with Russia, placing a strict limit on America's role and putting the onus on European nations to enforce any truce. Trump offered US Air Force support to the peace plan but assured American voters he would not put 'boots on the ground' in Ukraine – a key issue for those in his MAGA movement who oppose a bigger commitment to the European war. The comment came a day after Trump left the option open when asked twice if he would send ground troops, signalling the caution in the White House about how to ensure Russian President Vladimir Putin honours any peace deal. 6.29am What's making news today By Daniel Lo Surdo Hello and welcome to the national news blog. My name is Daniel Lo Surdo, and I'll be helming our live coverage this morning. Here's what is making news today: Israeli Prime Minister Benjamin Netanyahu has admonished Anthony Albanese as a 'weak politician' who has 'betrayed Israel and abandoned Australia's Jews' in a stunning personal rebuke that has deepened the deteriorating diplomatic relationship between the two nations. The remarks follow Australia's decision to reject the visa application of a right-wing Israeli politician, which triggered Israel to revoke the visas of Australian diplomats in the occupied Palestinian territories. President Donald Trump has ruled out US troops being deployed to Ukraine as part of any peace agreement with Russia, one day after he welcomed Ukrainian President Volodymyr Zelensky and a high-powered European delegation to the White House. Trump said Ukraine's aspirations to join the NATO military alliance and the return of Crimea, seized by Russian forces in 2014, were 'impossible', ahead of a proposed meeting between Zelensky and Russian President Vladimir Putin. The federal government's economic reform roundtable will continue in Canberra today, after a first day of discussions largely hailed as productive by government, business and union leaders on Tuesday. Independent MP Allegra Spender said the roundtable had agreed on the importance of training workers to adapt to emerging technologies, including AI, with Business Council of Australia chief executive Bran Black calling the conversations 'really quite constructive'.
9 News
30 minutes ago
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Deodorant, butter knives hit as Trump expands steel tariff
Your web browser is no longer supported. To improve your experience update it here Hundreds of different goods just got a lot more expensive to import into the US, now that President Donald Trump's 50 per cent tariff on steel and aluminium has kicked in. Butter knives, baby strollers, spray deodorants and fire extinguishers, considered "derivative" steel and aluminium products, were previously excluded from the 50 per cent tariff, though they were still subject to the higher country-specific tariffs Trump enacted over the last several months. However, on Friday, US Customs and Border Protection and a division of the US Commerce Department published notices informing US importers that 407 categories of goods containing steel and aluminium would immediately be subject to the 50 per cent tariffs at 12.01am ET on Monday (2.01pm Tuesday AEST). Spray deodorant is among an extensive list of goods now subject to 50 per cent steel and aluminium tariffs in the US. (diego_cervo/iStockphoto/Getty Images via CNN) The non-steel and non-aluminium components of the products face other applicable levies. The abrupt move leaves many US-based importers between a rock and a hard place, with goods they already paid for currently in transit. If they decide to accept the goods, the importers will have to pay considerably higher tariffs. But if they, for instance, tell cargo operators not to unload their orders at US ports to avoid paying tariffs, they'll likely lose money. "Today's action expands the reach of the steel and aluminium tariffs and shuts down avenues for circumvention – supporting the continued revitalisation of the American steel and aluminum industries," Under Secretary of Commerce for Industry and Security Jeffrey Kessler said in a statement. As is the case with any tariff in place, businesses may not pass on the entire tariff expense they've paid to consumers by raising prices. But the chances of businesses absorbing a tariff as high as 50 per cent will likely be slimmer compared to goods tariffed at lower rates. In addition to the 50 per cent tariff on copper-based goods that recently took effect, the levies "will likely ripple through the manufacturing supply chain, raising production costs across construction, automotive, and electronics sectors," analysts at the Telsey Group said in a note on Tuesday. tariffs Donald Trump Economics USA World CONTACT US
The Age
an hour ago
- The Age
Trump's puppet has a crazy plan to weaken the US dollar
He wants both a weaker dollar so as to make American goods more competitive and thereby reduce the trade deficit. But at the same time, he wants to preserve and enhance the dollar's global reserve currency status, and its parallel position as the predominant international means of exchange. To list but the most important of them, the benefits of dollar hegemony include enabling the US to borrow more cheaply in world markets, the exercise of geopolitical influence through the imposition of sanctions, and encouraging foreign investment in the US. It is not at all clear that Trump can maintain what France's one-time president, Valery Giscard d'Estaing, called America's 'exorbitant privilege' while at the same time pursuing strategies, such as inflationary monetary policy, that might weaken its currency. We know what Miran's thoughts on the matter are, since he wrote about them in a paper published shortly before Trump's re-election as president. His musings might be seen as an extended job application. Loading The dollar has long been persistently overvalued from a trade perspective, he argued, and that's in large part because dollar assets 'function as the world's reserve currency'. Can you have one without the other, both reserve currency supremacy and a much weaker dollar? Not according to Miran, who suggests that foreigners could be taxed on their holdings of US Treasuries to lessen their attractions to overseas investors, never mind that this would be both a technical and legal default. If that happened, then the dollar would indeed lose the commanding position it now holds; it's hard to imagine a policy less likely to make America great again, and essentially amounts to quack economics. As it happens, Trump already seems to be getting his way on a weaker dollar, and that's without even trying. Conventional economics would suggest that if you raise tariffs significantly, the dollar would appreciate to compensate, negating at least part of the impact of tariffs on prices. In the event, it's actually gone the other way, depreciating by nearly 10 per cent on a trade-weighted basis since it first became apparent that Trump was deadly serious about tariffs. Growing policy uncertainty, including precisely where the president stands on the strong dollar policy, is a large part of the explanation. There has been a significant rotation out of dollar assets among international investors, which no doubt has further to run if inflationary monetary policy is pursued. White House attacks on the integrity of the Fed – and the data, whenever they show the economy in a poor light – have further fuelled the loss of confidence. A withholding tax on US Treasuries might well turn this into a rout. US policymakers are nonetheless confident that they can preserve and even enhance the dollar's core position in the world's financial system while at the same time inducing a more competitive exchange rate. As on most other aspects of Trump's economic agenda, the president's 'vision' for the dollar is a mass of contradictions and apparently incompatible goals. Their big hope rests on stablecoins, privately issued digital tokens which are already beginning to make inroads into global payments. These use distributed ledger and blockchain technologies to make payments faster and cheaper than current systems. Backed dollar-for-dollar by US Treasuries, central bank reserves and other supposedly risk-free assets, stablecoins are promoted by the Trump administration as a market-led way of defending and further promoting the internationalisation of the dollar. They also potentially provide a major alternative source of demand for US Treasuries. I've written before about the long-term threat that poorly regulated stablecoins might pose to financial stability. It's not just about ensuring that the assets that secure the stablecoins' value are reliable. It's also about making such tokens immune to cyber attack, theft and digital terrorism. Advances in supercomputing make the public keys and digital certificates on which ownership rights rest look much more vulnerable than they used to be. Privately promoted stablecoins could easily become subject to self-reinforcing runs if their integrity is in any way challenged or ownership rights are called into question. Some readers may be familiar with Robert Harris's novel The Second Sleep, in which the author imagines a world far into the future where humanity has returned to almost medieval levels of advancement. The calamity that has befallen society is never explicitly spelt out, but the most likely explanation is eventually traced to a complete collapse of the digital economy. Something I didn't know until I read the book is that London is just three meals away from anarchy. Such a collapse could, of course, occur without the addition of stablecoins; the vast majority of commerce these days is just zeros and ones on a computer. But at least with fiat money, you know that the full force of the sovereign state and its central bank stand behind it. There may be no such guarantor with stablecoins. Any strategy for sustaining the power and reach of the mighty dollar that depends solely on the advance of stablecoins would seem peculiarly high risk. Loading There's no telling how Miran might behave if granted the privilege of running the US Federal Reserve. Most go native, and quickly forget any iconoclastic leanings they might have had, once the responsibilities of high office start to weigh. Witness Powell, who – though it now seems incredible – was Trump's pick for the position. In any case, Trump jeopardises the strong dollar policy at his peril. Down the decades, it's generally served the US well, and is a vital part of America's wider geopolitical power. If it ain't broke, why break it?
