The Russian gains on the battlefield have come at a 'very high cost,' says Gen. Joseph Votel
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Yahoo
13 minutes ago
- Yahoo
The snowy remote army base where Trump will host Putin for talks
Donald Trump and Vladimir Putin will meet on Friday at the remote Joint Base Elmendorf-Richardson, a US military installation in Anchorage, Alaska. Elmendorf-Richardson combines the Air Force's Elmendorf base and the US Army's Fort Richardson. It is Alaska's largest military base and is home to more than 32,000 people - about 10% of Anchorage's population. Read more: The area is also significant for Russia: the US purchased Alaska from the Russian Empire 158 years ago. In fact, Alaska's Little Diomede Island is less than three miles from Russia's Big Diomede Island in the Bering Strait, showing how geographically close the two countries are. During the Cold War, the base was regarded as "particularly important" in defending the US against the then-Soviet Union, according to the Library of Congress. Despite this proximity, Putin will be the first Russian president to visit Anchorage. Some have criticised the US president's decision to hold talks on the Russia-Ukraine conflict in Alaska. "It's easy to imagine Putin making the argument during his meetings with Trump that, 'Well, look, territories can change hands,'" said Nigel Gould-Davies, former British ambassador to Belarus. "'We gave you Alaska. Why can't Ukraine give us a part of its territory?'" Although this will be Trump's first trip to Alaska since beginning his second term, he made several visits to Elmendorf-Richardson during his first term. Joe Biden and Barack Obama also visited; in 2015, Obama became the first US president to set foot north of the Arctic Circle during his trip. Elmendorf-Richardson hosts aircraft like the F-22 Raptor - a fighter jet the Air Force says "cannot be matched by any known or projected fighter aircraft". The US defence department describes the area as having "picturesque, majestic, snow-capped mountains, lakes, rivers, glaciers, and plenty of wildlife". It also advises visitors attempting to drive to the base to bring emergency kits, food, blankets and extra fuel, as it is so remote.
Bloomberg
15 minutes ago
- Bloomberg
Bessent Dismisses China Investing in US for a Trade Pact
00:00 What is our understanding at a time, of course, when negotiations between the US and China continue? We have that 90 day extension in terms of what this agreement could look like if investments in the US and China are not part of that. There is so many touchpoints, there are so many touch points, as you say, when it comes to that relationship. And if you can't talk about actual investment, which has been a consistent concern, not just with China, but you mentioned Japan as well, the Nippon Steel Deal has really brought into question how much foreign direct investment you actually want at the end of the day, which is ironic given it's such a key pillar of Donald Trump's policy, bringing in that foreign investment to kind of offset some of the expenditures when it comes to things that the government would need to spend. In terms of the country, it's one of the components of U.S. GDP. But the other key touchpoints are things like where it's IP, it's technology, but it's also a manufacturing and supply chain story that extends not into China, just into trying to Vietnam, the Philippines, Malaysia, etc. that ultimately comes back to the end consumer. And the point that Scott Bessant is trying to make here is that there's already so much interdependence between the two. So do we need to include foreign direct investment on top of that? Anecdotally, for example, when the Chinese invested in the Empire State Building, just as a hypothetical, that is where there was a lot of concern about the fact that some of these massive American projects are foreign owned. And that was something that domestically caused quite a bit of concern. This was years ago, of course, but that kind of sentiment that's starting to come back up more broadly in terms of that, in terms of the revenue increase coming through from tariffs, we get away any clearer to a point where that is starting to offset concerns about the US deficit. Is it is it making a mark as we see those revenues tick up year on year pretty, pretty substantially? They're enormous. I mean, the last three months just from the tariff collected since Liberation Day, even as these kind of negotiations are ongoing, are a pretty decent chunk of change. You're talking about billions of dollars being collected by the IRS, but billions it doesn't solve $1,000,000,000,000 problem or multi-trillion dollar problem. And that's really where the concern is. His argument or Donald Trump's argument is simply that the math will add up, that the tariff revenue plus the tax cuts will somehow offset the deficit. But we've talked to economists and market participants throughout programming who've suddenly said, well, the math doesn't add up because you're not actually taking into account some of the other pieces as well. That being said, is the interest rate payments that are ultimately causing the kind of snowball effect in the deficit. And that's where those kind of essentially dose cuts were pointed at to kind of get rid of the underlying thing that is ultimately spending the money and then be able to bring the deficit down. We are making a dent, but it's a tiny debt.
Bloomberg
15 minutes ago
- Bloomberg
South Africa Rebukes US Over ‘Deeply Flawed' Human Rights Report
South Africa's government slammed a report published by US President Donald Trump's administration that said the human-rights situation in the African nation 'significantly worsened' last year. The review published by the State Department late on Tuesday echoed some of Trump's criticisms of the country, including Pretoria's adoption of a land-expropriation policy. It also raised concern about alleged extra-judicial killings and repression of racial minorities.
