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California Says Oceans Could Rise Higher Than Thought

New climate-change findings mean the Pacific Ocean off California may rise higher, and storms and high tides hit harder, than previously thought, officials said.

The state’s Ocean Protection Council on Wednesday revised upward its predictions for how much water off California will rise as the climate warms. The forecast helps agencies in the nation’s most populous state plan for climate change as rising water seeps toward low-lying airports, highways and communities, especially in the San Francisco Bay Area.

Discoveries that ice sheets are melting increasingly fast in Antarctica, which holds nearly 90 percent of the world’s ice, largely spurred the change.

Antarctic ice melting

 

As fossil-fuel emissions warm the Earth’s atmosphere, melting Antarctic ice is expected to raise the water off California’s 1,100 miles (1,770 kilometers) of coastline even more than for the world as a whole.

 

“Emerging science is showing us a lot more than even five years ago,” council deputy director Jenn Eckerle said Thursday.

Gov. Jerry Brown has mandated that state agencies take climate change into account in planning and budgeting. The council’s projections will guide everything from local decisions on zoning to state action on whether to elevate or abandon buildings near the coast and bays.

In the best-case scenario, waters in the vulnerable San Francisco Bay, for example, likely would rise between 1 foot and 2.4 feet (one-third to three-fourths of a meter) by the end of this century, the ocean council said.

Rising water alters weather patterns

 

However, that’s only if the world cracks down on climate-changing fossil-fuel emissions far more than it is now.

The worst-case scenario entails an even faster melting of Antarctic ice, which could raise ocean levels off California a devastating 10 feet by the end of this century, the state says. That’s at least 30 times faster than the rate over the last 100 years.

Scientists say rising water from climate change already is playing a role in extreme winters such as this past one in California, contributing to flooding of some highways and helping crumble cliffs beneath some oceanfront homes.

 

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United Airlines Settles with Doctor Dragged Off Plane

United Airlines reached an out-of-court settlement Thursday with a doctor who was dragged off one of its flights after he refused to give up his seat.

The airline and Dr. David Dao’s lawyers agreed not to disclose the amount of money he will receive.

United put out a brief statement saying it reached an “amicable resolution of the unfortunate incident.”

United changes policy

The airline said earlier Thursday that from now on, no passenger would be forced to give up his seat except in cases of safety and security.

Those who volunteer to surrender their seats when a flight is overbooked would get up to $10,000 in compensation.

“Every customer deserves to be treated with the highest levels of service and the deepest sense of dignity and respect,” United chief Oscar Munoz said. “Two weeks ago, we failed to meet that standard and we profoundly apologize.”

Chicago aviation police dragged Dao up the aisle of the packed plane when United needed to make room for airline employees.

Three other passengers volunteered to give up their seats, but Dao was picked out at random and refused to leave, saying he had to get home to treat patients.

Congress gets involved

His nose was broken, some teeth were knocked out, and he suffered a concussion. Cellphone video captured the scene. Dao, with blood streaming down his face, could be heard screaming with other shocked passengers.

The incident prompted calls in Congress  to bring back government airline regulation.

Some lawmakers demanded outlawing the practice of overbooking flights, in which airlines sell more seats than are available to ensure a full plane.

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Investors Have High Hopes for Ghana, Says Finance Minister

Ghana’s finance minister says investors were optimistic in meetings with senior government officials who accompanied Vice President Mahamudu Bawumia to the World Bank spring meetings in Washington.

In an interview with VOA, Ken Ofori-Atta said investors detected a new energy, and a sense of hope in a team that is focused on getting Ghana out of its current predicament. He also said that with a new government in place, the world is ready to see Ghana shine again in a much more stable West Africa.

“We came in on a platform of change and real hope that we will revitalize the economy and create jobs and there would be growth,” Ofori-Atta said. “But we met some pretty difficult challenges with regards to fiscal deficit close to 9 percent, lots of unemployment, growth of 3.4 percent, which was very low, and the discovery of some 7 billion Cedis [$1.3 billion] arrears that we all did not know about. Foreign exchange was low, and you also had the exchange rate in a pretty difficult situation. So we had to contend with all of that since we came [to power].”

But opposition groups say the new administration should get to work rather than complain about the state of affairs. They contend that Ghanaians displayed confidence in them by rejecting the previous government for failing to improve the lives of its citizens.

Ofori-Atta said that in just over 100 days, the government outlined its plans to jump-start the economy in a budget, which was presented to parliament. The aim, he said, is to create millions of jobs as the ruling party, led by President Nana Addo Dankwa Akufo-Addo, promised ahead of the December elections.

“We decided to create a budget that is both leading to a fiscal consolidation in a real way and also not compromising growth,” Ofori-Atta said. “So we brought down the deficit as a target from 8.7 percent to 6.5. We squeaked out a primary balance surplus. We’re reducing our debt-to-GDP ratio from 72.5 to 70.9 percent, and then increase revenue by 34 percent. So, quite dramatic contraction in a sense. However, we also were clear that we needed to spur growth.”

One means to achieve their goals: abolishing some taxes.

“One of the most dramatic things was to abolish about 14 taxes, which the senior minister [Yaw Osafo Marfo] termed to be nuisance taxes,” Ofori-Atta said. “Taxes that were kind of suppressive and created a sense of cohesion by the state. As a center-right party, we have to revitalize the economy, we have to give stimulus, we have to encourage people to use their creative energies.”

Ofori-Atta also said abolishing the taxes will free Ghanaian businesses, and entrepreneurs will help to “bring Ghana back” into a working mode.

Another measure the administration plans to implement is the revitalization of the rural economy. This, he said, includes establishing a factory in each of the country’s districts, as well as sending $1 million to each constituency as a resource to support the policy of one district, one factory, which was promised by the president in the run-up to the polls.

Critics, however, say the one district, one factory promise was overly ambitious. They contend that with the dramatic reduction of taxes, government revenue would be sharply reduced, thereby handicapping the ability of the administration to raise the necessary funds it needs to keep the promises to Ghanaians. They also say the reduction of taxes was just a ploy to score political points.

But supporters of the ruling party reject the criticisms as unfounded.

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DNA From Dirt: Tracing Ancient Humans Found in ‘Empty’ Caves

No bones? No problem! Scientists say they’ve figured out a way to extract tiny traces of ancient human DNA from dirt in caves that lack skeletal remains.

The technique could be valuable for reconstructing human evolutionary history, according to the study published Thursday in the journal Science.

That’s because fossilized bones, currently the main source of ancient DNA, are scarce even at sites where circumstantial evidence points to a prehistoric human presence.

“There are many caves where stone tools are found but no bones,” said Matthias Meyer, a geneticist at the Max Planck Institute for Evolutionary Anthropology in Leipzig, Germany, who co-authored the study.

The researchers collected 85 sediment samples from seven caves in Europe and Russia that humans are known to have entered or even lived in between 14,000 and 550,000 years ago.

By refining a method previously used to find plant and animal DNA, they were able to search specifically for genetic material belonging to ancient humans and other mammals.

Scientists focused on mitochondrial DNA, which is passed down the maternal line, because it is particularly suited to telling apart closely related species. And by analyzing damaged molecules they were able to separate ancient genetic material from any contamination left behind by modern visitors

The researchers found evidence of 12 mammal families including extinct species such as woolly mammoth, woolly rhinoceros, cave bear and cave hyena.

By further enriching the samples for human-like DNA, however, the scientists were able to detect genetic traces of Denisovans — a mysterious lineage of ancient humans first discovered in a cave in Siberia — and Neanderthals from samples taken at four sites.

Crucially, one of the sites where they discovered Neanderthal DNA was a cave in Belgium, known as Trou Al’Wesse, where no human bones had ever been found, though stone artefacts and animal bones with cut marks strongly suggested people had visited it.

 Eske Willerslev, who helped pioneer the search for DNA in sediment but wasn’t involved in the latest research, said the new study was an interesting step, but cautioned that it’s difficult to determine how old sediment samples found in caves are.

“In general [it] is very disturbed and unless you can show that’s not the case you have no idea of the date of the findings,” said Willerslev, an evolutionary geneticist at the University of Copenhagen, Denmark.

Meyer said the new method greatly increases the number of sites where archaeologists will be able to find genetic evidence to help fill gaps in the history of human evolution and migration, such as how widespread Neanderthal populations were and which stone tools they were able to make.

Scientists may also be able to greatly expand their limited knowledge of the Denisovans, whose DNA can still be found in Melanesians and Aboriginal Australians today, by using the new procedure.

“In principle, every cave where there’s evidence of human activity now offers this possibility,” Meyer told The Associated Press.

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Most US Teens Have Taken Social Media Break, Poll Finds

The common stereotype has teens glued to their phones 24-7. But nearly 60 percent of teens in the U.S. have actually taken a break from social media – the bulk of them voluntarily, a new survey found.

The poll, from The Associated Press-NORC Center for Public Affairs Research, surveyed teens aged 13 to 17 and found that most value the feeling of connection with friends and family that social media provides. A much smaller number associate it with negative emotions, such as being overwhelmed or needing to always show their best selves.

The survey, released Thursday, found that teens’ social media breaks are typically a week or longer, and that boys are more likely to take longer breaks.

Teens were allowed to cite multiple reasons for their breaks. Nearly two-thirds of teens who took a break cited at least one voluntary reason. Amanda Lenhart, the lead researcher and an expert on young people and technology use, said she was surprised by this, as it counters the broader narrative that teens are “handcuffed” to their social media profiles.

Today’s teenagers might not recall a time before social media. MySpace was founded in 2003. Had it survived, it would be 14 years old today. Facebook is a year younger. Instagram launched in 2010. For an adult to understand what it might be like for someone who grew up with it to step back from social media, consider disconnecting from email – or your phone – for a couple of weeks.

Among the teens who took voluntary breaks, 38 percent did so because social media was getting in the way of work or school. Nearly a quarter said they were tired of “the conflict and drama” and 20 percent said they were tired of having to keep up with what’s going on.

Nearly half of teens who took a break did so involuntarily. This included 38 percent who said their parents took away their phone or computer and 17 percent who said their phone was lost, broken or stolen.

The involuntary break “is sort of its own challenge,” Lenhart said. “They feel that they are missing out, detached from important social relationships (as well as) news and information.”

About 35 percent of teens surveyed said they have not taken a break, citing such worries as missing out and being disconnected from friends. Some said they need social media for school or extracurricular activities.

“I like to see what my friends and family are up to,” said Lukas Goodwin, 14, who uses Instagram and Snapchat every day. He said he took a break from Instagram “a few years ago” but not recently. Now, he says, “I wouldn’t want to take a break from them.”

Among the survey’s other findings:

– Lower income teens were more likely to take social media breaks than their wealthier counterparts, and their breaks tended to last longer. The study points out that educators who use social media in the classroom need to understand that not every teen is online and connected all the time.

– Boys were more likely to feel overloaded with information on social media, while girls were more likely to feel they always have to show the best version of themselves.

– Teens who took breaks typically did so across the board, checking out of Facebook, Snapchat and all other services all at once. And they were no more or less likely to take breaks from social media based on the type of services they use.

– Although they felt relief and were happy to be away from social media for a while, most teens said things went back to how they were before once they returned to social media.

The AP-NORC poll was conducted online and by phone from Dec. 7 to 31. A sample of parents with teenage children was drawn from a probability-based panel of NORC at the University of Chicago. Parents then gave permission for their children to be interviewed. The panel, AmeriSpeak, is designed to be representative of the U.S. population. The margin of sampling error for all respondents is plus or minus 4.6 percentage points.

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Top 5 Songs for Week Ending April 29

This is the Top Five Countdown! We’re hangin’ with the five most popular songs in the Billboard Hot 100 Pop Singles chart, for the week ending April 29, 2017.

It turns out that lighting does strike twice in the same place, because we get a Top Five debut for the second consecutive week.

Number 5: The Chainsmokers & Coldplay “Something Just Like This”

Let’s start in fifth place, where The Chainsmokers and Coldplay hold with “Something Just Like This.”

Coldplay just grabbed two nominations for this year’s Ivor Novello Awards. Chris Martin & Company are nominated twice in the PRS For Most Performed Work category – they earned it for “Adventure Of A Lifetime” and “Hymn For The Weekend.” They’ll square off against Adele, with “When We Were Young.” Named for the famous Welsh composer and actor, the Ivor Novello awards will be handed out on May 18 in London.

 

Number 4: Harry Styles “Sign of The Times”

Let’s keep it in the U.K. for this week’s big debut: Harry Styles opens in fourth place with “Sign Of The Times” – the lead single from Harry’s first solo album, dropping on May 12.

Harry co-wrote this song with Jeff Bhasker, who won the 2016 Grammy for Non-Classical Producer of the Year. He’s worked with everyone from Jay Z to the Rolling Stones. Harry’s album has a lot of buzz behind it, and he says he will go on tour.

Number 3: Kendrick Lamar “Humble”

Kendrick Lamar steps back a slot to number three with “Humble,” from his smash hit album Damn.

Kendrick headlined for two successive weekends at the Coachella festival, and now fans can await his North American headlining tour. It starts July 12 in Glendale, Arizona. Travis Scott and D.R.A.M. will be the opening acts.

Number 2: Bruno Mars “That’s What I Like”

Bruno, Bruno…make up your mind. He’s sold more than 26 million albums, but Bruno Mars just can’t make that last jump: “That’s What I Like” this week returns to its chart high of second place.

Bruno’s currently on tour in the United Kingdom, and last week stopped by the Beatles’ old stomping ground, Abbey Road Studios in London. He says he didn’t use that famous zebra crossing, but it was a temptation.

Number 1: Ed Sheeran “Shape of You”

If you’re tempted to think we have a new singles champ, think again: Ed Sheeran remains your countdown king with “Shape Of You.”

As of April 6, this was the best-selling song of 2017 in the U.S., moving 1.7 million copies. It’s also the only song to have surpassed the million-seller mark so far this year.

We get a whole new lineup next week, so be sure and drop by.

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Narrow Turkish Referendum Victory Reveals Economic Concerns

Turkish President Recep Tayyip Erdogan’s referendum victory to extend his powers was bittersweet.  

For the first time he lost in Turkey’s main cities, including Istanbul, which has been his electoral power base since 1994.  In the aftermath of his narrow win he has ordered a party investigation into the vote.  The drop in support coincides with an economic slowdown, an ominous sign given the president is facing crucial polls in two years.

Erdogan’s unprecedented electoral successes were largely achieved in a period of economic boom, but those halcyon days appear to be waning.  

“Currently, inflation rate is at 11.3 percent and is expected to increase further to around 12 percent in the coming months,” observes Inan Demir, an economist for Nomura Bank, “It would constitute the highest inflation rate since before the global financial crisis in 2009.  Also, unemployment is at multi-year highs.  So we are talking about a significant jump in the inflation and unemployment rate.”

The impact of the economic slowdown has been felt the most in western Turkey, where more than 70 percent of the country’s economic production is located, and most closely linked to European markets.  The same region saw some of the biggest drops in support for the president in the referendum vote.  While the Turkish economy is predicted to grow faster than that of Europe, it is still below the rate needed to absorb new entrants into the labor market.

Disaffected youth

A striking development of the referendum was the youth vote, overwhelmingly voting no, bucking its traditionally stalwart support for Erdogan.  

“Youth unemployment is affecting the first-time vote.  The youth unemployment ratio was 25 percent, according to the last data, notes Atilla Yesilada, a political consultant with Global Source Partners, “Fifty-eight percent of first-time voters voted “No.” (citing IPSOS research).  According to OECD research, Turkish students are the unhappiest in the world with 72 percent saying they are very unhappy with conditions.  So given Turkey’s very high rate of young population, up to six percent of the voters in the next election cycle, which starts in March 2019, will be first-time voters, which in my view is slipping from their [Erdogan government’s] grasp”.

 2019 is scheduled for an unprecedented three polls – of local, general and presidential elections.

Erdogan’s success in the referendum was due in part to the overwhelmingly support he received in the rural heartland of the country, known as Anatolia, a region that has particularly benefited from the expansion of social security benefits under Erdogan’s AK Party rule.

“I detect that certain voters are becoming clients of AKP, these people can’t survive in the globalized economy of Turkey,” claims consultant Yesilada, “they are largely existing on account of the welfare state and also  AKP has been very successful in imposing the view entitlements are coming form the party, rather than the state.  So a dependency has been created between the poor in Anatolia and AKP, and these are people are so afraid if AKP ever loses they will lose their entitlements.”

In the run-up to the referendum, the government again turned to state intervention, launching major programs of cheap loans for businesses, job creation schemes, and massive public works projects.

Early elections?

Economists predict that with individuals and private companies racked with debt, more state intervention is likely, ”Turkey will find it difficult to sustain that debt-fueled growth, that’s why the public sector will play an increasing role in supporting economic activity going forward.  Personally, I expect elections to be held earlier than the current schedule.  I would not be surprised to see elections by this time next year.  So I think it can be sustained until that time.”

The pressure to call early elections will deepen worries about how the government will fund it’s growing economic and financial programs.  “So [numbers] are simple,” warns Yesilada, “we cant borrow abroad, because it very costly or foreign lenders are no longer willing, and Turkish deposits have been completely converted into loans.  I don’t know how this can go forwards.”  

Given that the bedrock of Erdogan’s electoral success has been built on economic prosperity, the continuation and trajectory of those programs ultimately could determine his fate.

 

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NASA Craft Reaches Uncharted Territory Between Saturn, its Rings

NASA’s Cassini spacecraft sailed into uncharted territory Wednesday between the planet Saturn and the rings that encircle it, and emerged Thursday unscathed.

The Cassini craft is the first and only spacecraft to ever venture into the gap between Saturn and its rings. It sent back its first signal early Thursday morning, about 20 hours after the crossing took place.

“I am delighted to report that Cassini shot through the gap just as we planned and has come out the other side in excellent shape,” said Cassini project manager Earl Maize of NASA’s Jet Propulsion Laboratory in Pasadena, California.

Scientists lost contact with the ship during the passing because its antenna had to be shifted to protect the scientific equipment from potentially damaging material floating in Saturn’s rings.

The rings of Saturn are made up of moving particles of ice and space debris.

NASA scientists plan on performing 21 more crossings between now and September. The next scheduled crossing is set for May 2.

Cassini has been orbiting Saturn since 2004, but it is running low on fuel, so scientists decided to conduct the ring crossings before the spacecraft becomes inoperable in the near future.

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Hackers Exploited Word Flaw for Months While Microsoft Investigated

To understand why it is so difficult to defend computers from even moderately capable hackers, consider the case of the security flaw officially known as CVE-2017-0199.

The bug was unusually dangerous but of a common genre: it was in Microsoft software, could allow a hacker to seize control of a personal computer with little trace, and was fixed April 11 in Microsoft’s regular monthly security update.

But it had traveled a rocky, nine-month journey from discovery to resolution, which cyber security experts say is an unusually long time.

Google’s security researchers, for example, give vendors just 90 days’ warning before publishing flaws they find.

Microsoft Corp. declined to say how long it usually takes to patch a flaw.

While Microsoft investigated, hackers found the flaw and manipulated the software to spy on unknown Russian speakers, possibly in Ukraine.

And a group of thieves used it to bolster their efforts to steal from millions of online bank accounts in Australia and other countries.

Those conclusions and other details emerged from interviews with researchers at cyber security firms who studied the events and analyzed versions of the attack code.

Microsoft confirmed the sequence of events.

The tale began last July, when Ryan Hanson, a 2010 Idaho State University graduate and consultant at boutique security firm Optiv Inc. in Boise, found a weakness in the way that Microsoft Word processes documents from another format. That allowed him to insert a link to a malicious program that would take control of a computer.

Combining flaws

Hanson spent some months combining his find with other flaws to make it more deadly, he said on Twitter. Then in October he told Microsoft. The company often pays a modest bounty of a few thousands dollars for the identification of security risks.

Soon after that point six months ago, Microsoft could have fixed the problem, the company acknowledged. But it was not that simple. A quick change in the settings on Word by customers would do the trick, but if Microsoft notified customers about the bug and the recommended changes, it would also be telling hackers about how to break in.

Alternatively, Microsoft could have created a patch that would be distributed as part of its monthly software updates.

But the company did not patch immediately and instead dug deeper. It was not aware that anyone was using Hanson’s method, and it wanted to be sure it had a comprehensive solution.

“We performed an investigation to identify other potentially similar methods and ensure that our fix addresses more than just the issue reported,” Microsoft said through a spokesman, who answered emailed questions on the condition of anonymity. “This was a complex investigation.”

Hanson declined interview requests.

The saga shows that Microsoft’s progress on security issues, as well as that of the software industry as a whole, remains uneven in an era when the stakes are growing dramatically.

The United States has accused Russia of hacking political party emails to interfere in the 2016 presidential election, a charge Russia denies, while shadowy hacker groups opposed to the U.S. government have been publishing hacking tools used by the Central Intelligence Agency and National Security Agency.

Attack begin

It is unclear how the unknown hackers initially found Hanson’s bug. It could have been through simultaneous discovery, a leak in the patching process, or even hacking against Optiv or Microsoft.

In January, as Microsoft worked on a solution, the attacks began.

The first known victims were sent emails enticing them to click on a link to documents in Russian about military issues in Russia and areas held by Russian-backed rebels in eastern Ukraine, researchers said. Their computers were then infected with eavesdropping software made by Gamma Group, a private company that sells to agencies of many governments.

The best guess of cyber security experts is that one of Gamma’s customers was trying to get inside the computers of soldiers or political figures in Ukraine or Russia; either of those countries, or any of their neighbors or allies, could have been responsible. Such government espionage is routine.

The initial attacks were carefully aimed at a small number of targets and so stayed below the radar. But in March, security researchers at FireEye Inc noticed that a notorious piece of financial hacking software known as Latenbot was being distributed using the same Microsoft bug.

FireEye probed further, found the earlier Russian-language attacks, and warned Microsoft. The company, which confirmed it was first warned of active attacks in March, got on track for an April 11 patch.

Then, what counts as disaster in the world of bug-fixers struck. Another security firm, McAfee, saw some attacks using the Microsoft Word flaw on April 6.

After what it described as “quick but in-depth research,” it established that the flaw had not been patched, contacted Microsoft, and then blogged about its discovery on April 7.

The blog post contained enough detail that other hackers could mimic the attacks.

Other software security professionals were aghast that McAfee did not wait, as Optiv and FireEye were doing, until the patch came out.

McAfee Vice President Vincent Weafer blamed “a glitch in our communications with our partner Microsoft” for the timing. He did not elaborate.

By April 9, a program to exploit the flaw was on sale on underground markets for criminal hackers, said FireEye researcher John Hultquist.

The next day, attacks were mainstream. Someone used it to send documents booby-trapped with Dridex banking-fraud software to millions of computers in Australia.

Finally, on the Tuesday, about six months after hearing from Hanson, Microsoft made the patch available. As always, some computer owners are lagging behind and have not installed it.

Ben-Gurion University employees in Israel were hacked, after the patch, by attackers linked to Iran who took over their email accounts and sent infected documents to their contacts at technology companies and medical professionals, said Michael Gorelik, vice president of cyber security firm Morphisec.

When Microsoft patched, it thanked Hanson, a FireEye researcher and its own staff.

A six-month delay is bad but not unheard of, said Marten Mickos, chief executive of HackerOne, which coordinates patching efforts between researchers and vendors.

“Normal fixing times are a matter of weeks,” Mickos said.

Privately-held Optiv said through a spokeswoman that it usually gives vendors 45 days to make fixes before publishing research when appropriate, and that it “materially followed” that practice in this case.

Optiv is now comparing the details of what Hanson told Microsoft with what the spies and criminals used in the wild, trying to find out if the researcher’s work was partly responsible for the worldwide hacking spree, the spokeswoman said.

The spree included one or more people who created a hacking tool for what FireEye’s Hultquist said is probably a national government – and then appearing to double-dip by also selling it to a criminal group.

If the patching took time, others who learned of the flaw moved quickly.

On the final weekend before the patch, the criminals could have sold it along to the Dridex hackers, or the original makers could have cashed in a third time, Hultquist said, effectively staging a last clearance sale before it lost peak effectiveness.

It is unclear how many people were ultimately infected or how much money was stolen.

 

 

 

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Trump Agrees to ‘Renegotiate’ Trade Deal with Mexico, Canada

President Donald Trump says phone conversations Wednesday with Mexican President Enrique Pena Nieto and Canadian Prime Minister Justin Trudeau persuaded him not to imminently withdraw the United States from their countries’ three-way trade pact.

“They asked me to renegotiate. I will,” Trump told reporters in the Oval Office. “I decided rather than terminating NAFTA, which would be a pretty big shock to the system, we will renegotiate.”

Trump, sitting Thursday alongside Argentinian President Mauricio Macri, said, “I was going to terminate NAFTA as of two to three days from now.” But, he added, “If I’m unable to make a fair deal … for our workers and our companies, we will terminate NAFTA.”

 

He reiterated his long-standing assertion that the 1994 trade agreement has been “very good for Canada. It has been very good for Mexico. But it has been horrible for the United States.”

The U.S. president’s softening tone on what is perceived as America’s most crucial trade pact is being well-received.

“I am relieved,” said Notre Dame University professor of finance Jeffrey Bergstrand, who notes trade agreements “not only lower tariffs, but create stability in the global value chain.”

 

 

Trump has already withdrawn the United States from the 12-nation Trans-Pacific Partnership agreement negotiated by his predecessor, Barack Obama, although that deal had not been ratified by Congress.

A Mexican government statement on Wednesday’s phone call between Trump and Pena Nieto stated the leaders agreed on the convenience of maintaining NAFTA and working with Canada to bring about successful negotiations.

A Canadian foreign ministry spokesman said Ottawa is “ready to come to the table at any time.”

Trump targeted Canada this week for what he said was unfair trade practices and he ordered a new 20 percent tariff on Canadian lumber imports, which could add to the cost of buying new houses in the United States.

Trump’s consent to keep the United States in NAFTA, at least for a while, “probably reflects increasing voices from the business community that these trade policies have been good,” Professor Bergstrand at the Mendoza College of Business told VOA.

Many Mexican officials have called NAFTA a disappointment, saying it has brought slow economic growth despite increased investment in factories and industry.

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