China to trial direct foreign investment in interbank bond market – statement
SHANGHAI, Aug 20 (Reuters) – China will allow foreign investors to directly invest in the country’s interbank bond market on a trial basis starting Sept. 1, the National Interbank Funding Center said in a statement Thursday. The trial programme will apply to foreign institutional investors and participants in the country’s Qualified Foreign Institutional Investor (QFII) and Renminbi Qualified Foreign Insitutional Investor (RQFII) schemes that have opened accounts in the interbank market, the statement said. (Reporting by Andrew Galbraith Editing by Shri Navaratnam)
Watch live: Barack Obama, Kamala Harris and Hillary Clinton to speak at DNC Day 3
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Former President Barack Obama is set to speak at the Democratic National Convention on Wednesday as the party lays out its vision for how a Joe Biden presidency would handle the coronavirus pandemic and rebuild the U.S. economy.
The third night of the convention will see California Sen. Kamala Harris accepting the Democratic Party's vice presidential nomination. Biden on Tuesday was officially designated as the Democrats' nominee to take on President Donald Trump in the 2020 election.
Also set to deliver remarks are former Secretary of State Hillary Clinton, the party's nominee in 2016 who lost to Trump, along with House Speaker Nancy Pelosi and Massachusetts Sen. Elizabeth Warren.
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Barack Obama Says Trump Uses the Presidency as “One More Reality Show”
Speaking from Philadelphia on night three of the Democratic National Convention, President Barack Obama offered a scathing criticism of leadership under his successor, President Donald Trump, and backed the nomination of his former vice president, Joe Biden.
“For close to four years now, he has shown no interest in putting in the work, no interest in finding common ground, no interest in using the awesome power of his office to help anyone but himself and his friends, no interest in treating the presidency as anything but one more reality show that he can use to get the attention he craves,” Obama said of Trump. “Donald Trump hasn’t grown into the job because he can’t. And the consequences of that failure are severe.”
Meanwhile, the former president praised Biden, whom he referred to as a “brother.”
“For eight years, Joe was the last one in the room,” he said. “Whenever I faced a big decision, he made me a better president and he’s got the character and the experience to make us a better country.”
Read his full speech below.
Democratic National Convention Day Three: live updates
2020 Democratic National Convention, day three
The Democratic National Convention began its third day on Wednesday. Speakers include former President Barack Obama, vice presidential nominee Kamala Harris and former Secretary of State Hillary Clinton.
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Elizabeth Warren Rallies at the 2020 DNC: ‘Joe Biden Has Some Really Good Plans’
At the Democratic National Convention on Wednesday night, Senator Elizabeth Warren delivered a rallying cry for Joe Biden.
The former Democratic presidential candidate spoke from a childcare center in Springfield Massachusetts, where she denounced President Donald Trump’s leadership during the COVID-19 crisis and advocated for affordable childcare. Warren, who famously shared detailed plans during her campaign, showed support for Biden and Vice Presidential nominee Kamala Harris.
“I love a good plan, and Joe Biden has some really good plans,” Warren said. “Plans to bring back union jobs in manufacturing and create new union jobs in clean energy, plans to increase Social Security benefits, cancel billions in student loan debt, and make our bankruptcy laws work for families instead of the creditors who cheat them.”
“These plans reflect a central truth: Our economic system has been rigged to give bailouts to billionaires and kick dirt in the face of everyone else,” she added. “But we can build a thriving economy by investing in families and fixing what’s broken. Joe’s plan to ‘build back better’ includes making the wealthy pay their fair share, holding corporations accountable, repairing racial inequities, and fighting corruption in Washington.”
Warren also highlighted the disproportionate effects of COVID-19 on Black and Brown families. While she didn’t touch upon the country’s civil unrest, Twitter spotted a clear message of support for the Black Lives Matter movement.
Below, read her full speech:
From: ELLE US
Trump Attacked Obama’s DNC Speech Before It Was Even Over
Former President Barack Obama hadn’t even finished his speech at the 2020 Democratic National Convention before President Donald Trump attacked him.
Obama offered his toughest criticism of Trump yet in the speech, arguing the current president “hasn’t grown into the job because he can’t.”
“The consequences of that failure are severe. 170,000 Americans dead. Millions of jobs gone,” Obama said. “Our worst impulses unleashed, our proud reputation around the world badly diminished, and our democratic institutions threatened like never before.”
In response, Trump ― in all caps ― revisited a criticism he often lobs at his predecessor:
He followed that claim, which he’s made many times despite there being no evidence anything like that occurred, with another all-caps tweet criticizing Biden.
Several reports published during the Democratic primary that cited sources close to Obama said he purposefully stayed out of the race. Biden told reporters in April he’d asked Obama not to endorse him in the race, saying “whoever wins this nomination should win it on their own merits.”