WASHINGTON: President Joe Biden faced more calls from fellow Democrats to abandon his re-election bid on Friday, following a news conference in which he delivered nuanced responses but occasionally stumbled over his words.
It was unclear whether Biden’s performance would convince doubters in his party that he is their best bet to defeat Republican Donald Trump in the Nov. 5 election and serve another four-year term in the White House.
At least 17 congressional Democrats so far have called for him to drop out and allow the party to pick another standard-bearer, including some who announced their positions after the news conference on Thursday night.
Democrats are worried that Biden’s low public approval ratings and growing concerns that he is too old for the job could cause them to lose seats in the House and Senate, leaving them with no grip on power in Washington should Trump win the White House.
But Biden made clear that he did not plan to step aside.
“If I show up at the convention and everybody says they want someone else, that’s the democratic process,” Biden said, before shifting to the stage whisper he often uses for emphasis to add, “It’s not gonna happen.”
Biden perhaps did not reassure those who were spooked by his poor presidential debate performance against Trump on June 27.
At one point, he referred to his vice president, Kamala Harris, as “Vice President Trump.” That came just hours after he introduced Ukrainian President Volodymyr Zelensky as “President Putin” at the NATO summit, drawing gasps from those in the room.
Biden occasionally garbled his responses at the news conference, yet he also delivered detailed assessments of global issues, including Ukraine’s war with Russia and the Israel-Gaza conflict, that served as a reminder of his decades of experience on the world stage.
Some Democrats were not reassured.
“We must put forward the strongest candidate possible to confront the threat posed by Trump’s promised MAGA authoritarianism. I no longer believe that is Joe Biden,” said Representative Jim Himes of Connecticut, who called on the president to end his campaign after the news conference.
But one influential party figure, Representative James Clyburn of South Carolina, reiterated his support on Friday morning.
“I am all in. I’m riding with Biden no matter which direction he goes,” he said on NBC’s “Today” program.
A senior campaign official who spoke on condition of anonymity called the performance the “worst of all worlds. Not good. But not bad enough to make him change his mind ... It’ll give some enough cover to back him publicly, only to say he’s not up for it privately.”
Fundraiser Dmitri Melhorn said other donors told him they saw a strong performance from the president. “This is the person who can beat Trump. The mistakes are baked in and the upside is strong,” he told Reuters.
Biden will hold a rally on Friday in Detroit, where his campaign says he will focus on the “dangers” of Trump’s agenda.
The Michigan city is also headquarters of the United Auto Workers labor union, whose leaders endorsed Biden but now are assessing their options, three sources told Reuters.
With most US voters firmly divided into ideological camps, opinion polls show the race remains close.
An NBC/PBS poll released on Friday found Biden leading Trump 50 percent to 48 percent, a slight increase from his position before the debate. Biden fared slightly worse than Trump when third-party candidates were included in the questioning.
A Reuters/Ipsos poll released last week found Biden and Trump tied at 40 percent each. But some nonpartisan analysts have warned that Biden is losing ground in the handful of competitive states that will determine the outcome of the election.
Biden faces more pressure from Democrats to abandon re-election bid
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Biden faces more pressure from Democrats to abandon re-election bid
- It was unclear whether Biden’s performance would convince doubters in his party that he is their best bet to defeat Republican Donald Trump
- At least 17 congressional Democrats so far have called for him to drop out
Two migrants dead after rescue at sea: Italian coast guard
ROME: Italy’s coast guard said Sunday two migrants died after they were rescued along with more than 30 others in the Mediterranean off the eastern coast of Sicily.
The coast guard said it received a distress call late Saturday from a boat located about 17 miles southeast of Syracuse carrying Syrian, Egyptian and Bangladeshi migrants.
Search and rescue operations began after the coast guard dispatched a patrol boat and plane to the area, but “the occupants of the vessel ended up in the water as the patrol boat approached,” it said in a statement.
Although 34 people were recovered from the water, put onto the patrol boat and transferred to Syracuse’s port, one died upon arrival and another after reaching the hospital.
“The search at sea for a missing person who was on board the vessel, which later sank, is currently under way,” it said.
The coast guard said it was investigating how the migrants ended in the water as the boat approached.
At least 384 migrants died in the first quarter of this year crossing by sea via the central Mediterranean route toward Italy and Malta, according to the International Organization for Migration.
Nigeria’s president calls for end to protests against economic hardship
- Nigerians have been mobilizing online to organize protests against economic hardship and bad governance
ABUJA: Nigeria’s President Bola Tinubu called on Sunday for a suspension of protests against a cost of living crisis, saying this would create an opportunity for dialogue, his first public comments since frustrated citizens took to the streets last week.
Amnesty International has said at least 13 people were killed in clashes with security forces on the first day of protests on Thursday. Police denied using excessive force and said seven people had died as of Saturday — four from an explosive device during a march in northeast Borno state, two who were hit by a car and another who was shot by a guard when protesters looted a shop.
In a televised broadcast, Tinubu called for an end to violence in several states since the protests started, saying he was always open for dialogue.
“My dear Nigerians, especially our youth, I have heard you loud and clear. I understand the pain and frustration that drive these protests, and I want to assure you that our government is committed to listening and addressing the concerns of our citizens,” he said.
Nigerians have been mobilizing online to organize protests against economic hardship and bad governance and have called for a cut in petrol prices and electricity tariffs, among several demands.
Tinubu, in office since May 2023, defended his economic reforms, which have included a partial end to petrol and electricity subsidies and devaluation of the naira, as necessary to reverse years of economic mismanagement.
He government revenues had more than doubled to 9.1 trillion naira ($5.65 billion) in the first half of this year while 68 percent of revenue now went to debt servicing, down from 97 percent before he took office in May last year.
The government was also ramping up spending on infrastructure projects, started a loan scheme for university students and was building thousands of housing units across Nigeria’s 36 states, the president said.
“But we must not let violence and destruction tear our nation apart,” said Tinubu.
Death toll in new Bangladesh anti-government protests rises to 24
- Some former military officers have since joined the student movement
- Army did not explicitly say whether the army backed the protests
DHAKA: Thousands of Bangladeshi protesters demanding Prime Minister Sheikh Hasina resign clashed with pro-government supporters Sunday, with at least 24 people killed in confrontations using sticks, knives and guns.
Protesters danced on the roof of an armored car and, unlike the past month of rallies that repeatedly ended in deadly crackdowns, soldiers and police in several cases did not intervene.
A respected former army chief also demanded the government withdraw troops and allow protests in a hugely symbolic rebuke of Hasina.
Demonstrators in Dhaka, surrounded by a tightly packed and cheering crowd, waved a Bangladeshi flag on top of an armored car as soldiers watched, according to videos on social media verified by AFP.
Rallies against civil service job quotas sparked days of mayhem in July that killed more than 200 people in some of the worst unrest of Hasina’s 15-year tenure.
Troops briefly restored order but crowds returned to the streets in huge numbers this month in a non-cooperation movement aimed at paralysing the government.
Vast crowds of protesters, many wielding sticks, packed into Dhaka’s central Shahbagh Square on Sunday, with street battles in multiple sites as well as in other key cities, police said.
Police have ordered a nationwide curfew beginning at 6:00 p.m. (1200 GMT), while mobile Internet access was widely curbed in a bid to frustrate the organization of rallies.
Growing violence
Violence on Sunday took the total of people killed to at least 230.
“There were clashes between students and the ruling party men,” police inspector Al Helal told AFP, saying two young men were killed in Dhaka’s Munshiganj district.
“One of the dead was hacked in his head and another had gunshot injuries.”
Another policeman, who asked not to be identified, said “the whole city has turned into a battleground.”
Two people were killed in the northern city of Kishioreganj, where protesters torched a ruling party office, police said.
Police and doctors also reported deaths elsewhere in Dhaka, in the northern districts of Bogra, Pabna, Rangpur and Sylhet, as well as in Magura in the west, Comilla in the east, and Barisal and Feni in the south.
Asif Mahmud, one of the key protest leaders in the nationwide civil disobedience campaign, earlier asked supporters to be ready after last month’s rallies were crushed by police.
“Prepare bamboo sticks and liberate Bangladesh,” he wrote on Facebook Sunday.
Some former military officers have since joined the student movement and ex-army chief General Ikbal Karim Bhuiyan turned his Facebook profile picture red in a show of support.
“We are deeply concerned, troubled and saddened by all the egregious killings, torture, disappearances and mass arrests that have been tormenting Bangladesh over the past three weeks,” Bhuiyan told reporters Sunday, in a joint statement alongside other senior ex-officers.
“We call the incumbent government to withdraw the armed forces from the street immediately,” Bhuiyan said, adding that people “no longer fear to sacrifice their lives.”
“Those who are responsible for pushing people of this country to a state of such an extreme misery will have to be brought to justice.”
'Army stands with people'
Current army chief Waker-uz-Zaman told officers at military headquarters in Dhaka on Saturday the “Bangladesh Army is the symbol of trust of the people.”
“It always stood by the people and will do so for the sake of people and in any need of the state,” he said, according to an army statement, which gave no further details and did not say explicitly whether the army backed the protests.
The protests have grown into a wider anti-government movement across the South Asian nation of some 170 million people.
The mass movement includes people from all strata of Bangladesh society, including film stars, musicians and singers. Rap songs calling for people’s support have spread widely on social media.
“It is no longer about job quotas,” said Sakhawat, a young female protester who gave only one name, as she scrawled graffiti on a wall at a protest site in Dhaka, calling Hasina a “killer.”
“What we want is that our next generation can live freely in the country.”
A group of 47 manufacturers in the economically vital garment sector said Sunday they stood in “solidarity” with the protesters.
Obaidul Quader, general secretary of Hasina’s ruling Awami League, has called on party activists to gather “in every district” nationwide to show their support for the government.
Hasina, 76, has ruled Bangladesh since 2009 and won her fourth consecutive election in January after a vote without genuine opposition.
Her government is accused by rights groups of misusing state institutions to entrench its hold on power and stamp out dissent, including through the extrajudicial killing of opposition activists.
Demonstrations began in early July over the reintroduction of the quota scheme, which reserved more than half of all government jobs for certain groups. It has since been scaled back by Bangladesh’s top court.
Protests, violence break out again in Bangladesh amid calls for government’s resignation
- Students protest against quota system for government jobs claimed at least 200 lives last month
- Internet services have been restored and banks reopen in parts of country but tensions remain high
DHAKA, Bangladesh: Thousands of people protested peacefully in Bangladesh’s capital Saturday to demand justice for more than 200 students and others killed during protests last month, but violence was reported at similar events elsewhere in the country.
The protesters chanted anti-government slogans and demanded the resignation of the prime minister as the wave of protest widened beyond students to include people from many walks of life. Some pro-government groups also rallied in the city.
The country’s leading Bengali-language Prothom Alo newspaper reported that at least seven protesters were hit by bullets after pro-ruling party groups allegedly opened fire on them as they blocked a road in Cumilla, in the east of Bangladesh. The daily said at least 30 protesters were injured during the violence, but a local leader of the ruling party denied allegations that their supporters attacked the protesters.
Scores of people were injured in other parts of the country, TV stations reported.
The students’ protests last month began with the demand for an end to a quota system for government jobs that they said was discriminatory. Under it, 30 percent of such jobs were reserved for the families of veterans who fought in Bangladesh’s war of independence against Pakistan in 1971.
The protests began peacefully, but turned violent as students at Dhaka University clashed with police and the activists of a student wing of the ruling Awami League party on July 15. Since then, more than 200 people have died and thousands of others have been injured.
The Supreme Court cut the veterans’ quota to 5 percent on July 21, but protests have continued to spread amid outrage over the violence. Authorities closed schools and universities across the country, blocked Internet access and imposed a shoot-on-sight curfew. At least, 11,000 people have been arrested in recent weeks.
Internet service has been restored and banks and offices have reopened, but tensions remain high.
Prime Minister Sheikh Hasina on Saturday offered to talk with student leaders, but a coordinator refused in a Facebook post.
Nahid Islam, a leading protest coordinator, wrote: “One cannot ask a killer government for justice or sit for talks with them. The time to ask forgiveness has passed. When there was still time, the government conducted block raids to arrest and torture students.”
Hasina reiterated her pledges to thoroughly investigate the deaths and punish those responsible for the violence. She said that her doors were open for the talks and she was ready to sit down whenever the protesters want.
Also on Saturday, Gen. Waker-Uz-Zaman, the country’s military chief, directed army officers to safeguard public safety and secure key state installations under all circumstances, the army’s public relations office said in a statement.
The army chief also discussed the current security situation in the country with the officers, it said.
The protests have become a major challenge for Hasina, who returned to power for a fourth consecutive term in January in an election boycotted by her main opponents.
The students had earlier made a nine-point demand, including a public apology from Hasina and release of all the students arrested and jailed. On Saturday, however, they announced they had a single demand — the resignation of Hasina and her administration. They also called for a “non-cooperation” movement from Sunday and urged people not to pay taxes or utility bills and to keep factories and offices closed.
The general secretary of Hasina’s ruling party said Saturday that it was calling on its supporters to demonstrate across the country on Sunday.
Hasina and other Cabinet ministers had earlier blamed the main opposition Bangladesh Nationalist Party and now-banned right-wing Jamaat-e-Islami party and its student wing for intruding into the student protests and committing violence. Both the parties have denied the allegations.
Mirza Fakhrul Islam Alamgir, secretary-general of the main opposition Bangladesh Nationalist Party, said Saturday that they would continue to support the protesters in their movement.
Warren Buffett surprises by slashing Berkshire Hathaway’s longtime Apple stake in second quarter
- He has trimmed the Apple stake over the past year and has recently also sold off some of his stock in Bank of America and Chinese EV maker BYD while doing very little buyin
OMAHA, Nebraska: Billionaire Warren Buffett slashed Berkshire Hathaway’s massive Apple stake in a move that could prove unsettling for the broader stock market — both because the investor is so revered and because there had been little positive financial news lately.
Just two years ago Buffett called the stock one of the four giants of his conglomerate’s business alongside Berkshire insurance, utility and BNSF railroad businesses that it owns outright. That gave investors the impression that Buffett might hold onto Apple indefinitely as he has with the Coca-Cola and American Express shares he bought decades ago.
However, he has trimmed the Apple stake over the past year and has recently also sold off some of his stock in Bank of America and Chinese EV maker BYD while doing very little buying.
As a result, Buffett is now sitting on nearly $277 billion in cash, up from what was already a record $189 billion just three months earlier.
“This could could alarm the markets especially given the news from last week” with weak tech earnings, a disappointing jobs report and uncertainty about the future of interest rates, Edward Jones analyst Jim Shanahan said.
Buffett has consistently lavished praise on Apple CEO Tim Cook, who attended Berkshire’s annual meeting in Omaha in May, and talked about the way consumers are feverishly devoted to their iPhones and don’t like to switch. He did trim more than 10 percent of Berkshire’s Apple stake in the first three months of this year when he sold off more than 116 million shares, but the sale disclosed Saturday was a much bigger move.
Wedbush tech analyst Dan Ives said in a research note that he thinks “Buffett is a core believer in Apple and we do not view this as a smoke signal for bad news ahead.” Apple remains the largest investment in Berkshire’s portfolio by far — more than double its Bank of America stake.
Ives said he thinks the recent tech sell-off is only a temporary distraction from the industry’s long-term boom.
Berkshire didn’t give an exact count of its Apple shares in Saturday’s report, but it estimated the investment was worth $84.2 billion at the end of the second quarter even though shares soared over the summer as high as $237.23. At the end of the first quarter, Berkshire’s Apple stake was worth $135.4 billion.
Shanahan estimates that Berkshire still holds about 400 million Apple shares.
Still, while CFRA Research analyst Cathy Seifert said she looks at the Apple sale more as responsible portfolio management because the tech giant had become such a large portion of Berkshire’s holdings, it does look like Buffett may be preparing for a downturn.
“This is a company girding itself for a weaker economic climate,” Seifert said.
Berkshire reported a small drop in its bottom-line earnings because of a drop in the paper value of its investments. The company said it earned $30.348 billion, or $21,122 per Class A share, during the second quarter. That’s down from $35.912 billion, or $24,775 per A share, a year ago.
Buffett has long cautioned investors that it’s better to look at Berkshire’s operating earnings when judging its performance because those figures exclude investment gains and losses which can vary widely from quarter to quarter.
By that measure, Berkshire’s operating earnings grew more than 15 percent to $11.598 billion, or $8,072.16 per Class A share, from $10.043 billion, or $6,928.40 per Class A share, a year ago. Geico led the improvement of Berkshire’s businesses while many of its other companies that are more sensitive to the economy reported lackluster results.
The results easily topped the $6,530.25 earnings per share that four analysts surveyed by FactSet Research predicted.
Berkshire owns an assortment of insurance businesses along with BNSF railroad, several major utilities and a varied collection of retail and manufacturing businesses, including brands like Dairy Queen and See’s Candy.
