Trump to propose deduction on childcare spending, aide says

Trump to propose deduction on childcare spending, aide says


Trump to propose deduction on childcare spending, aide says

Posted: 07 Aug 2016 06:37 PM PDT

A wealthy businessman seeking his first public office, Trump seeks to counter Clinton’s argument he is out of touch with the problems of working families. — Reuters picA wealthy businessman seeking his first public office, Trump seeks to counter Clinton's argument he is out of touch with the problems of working families. — Reuters picWASHINGTON, Aug 8 — US Republican presidential nominee Donald Trump will propose allowing parents to deduct spending on childcare from their income taxes in a speech today meant to challenge the economic policies of Democratic rival Hillary Clinton, a campaign aide said.

The aide, who asked not to be identified, said yesterday in outlining the plan: "We don't want it to be an economic disadvantage to have children." The aide said the campaign would have a more detailed childcare plan in the future.

A wealthy businessman seeking his first public office, Trump seeks to counter Clinton's argument he is out of touch with the problems of working families. He will also say that, unlike Clinton, his business policies would encourage companies to remain in the United States, a concern of blue-collar workers he has tried to court, the aide said.

In his speech, to business leaders of the Detroit Economic Club, Trump will also propose stronger protections for American intellectual property and a temporary moratorium on new regulations, the aide said.

Seeking to move beyond a week of discord, Trump will outline plans for trade, taxes, regulation and energy policy. His plans include proposing a 15 per cent corporate tax rate, an idea that is on his website. The current federal rate is 35 per cent.

Senior aides and supporters said in television appearances on Sunday that Trump wanted to put behind him his disputes of last week with Republican Party leaders and the parents of a Muslim American soldier killed in Iraq.

With the economy a major issue, Clinton on Thursday lays out a plan of her own for the "biggest investment in good-paying jobs since World War Two," her campaign said.

A Democrat like President Barack Obama, Clinton will be buoyed by figures released on Friday showing US employment rose more than expected for a second month in a row in July and wages picked up, bolstering expectations of faster economic growth.

Clinton has pledged that no family should pay more than 10 per cent of its income on childcare. She has called for a tax cut to help middle-class parents cope with rising childcare costs and an expansion of a federally funded program that provides education and health services to low-income families with young children.

In a phone call lasting little more than an hour on Sunday and run by some of Trump's most senior aides, members of his newly announced economic advisory group shared their views on policy, said banker Stephen Calk, one of the members who took part.

The Clinton campaign has criticised Trump over the advisory group, announced on Friday, for including no women and relying on members who come from hedge funds and investment banking, a make-up at odds somewhat with Trump's populist message.

Calk, chief executive of Federal Savings Bank and National Bancorp Holdings, said Trump had asked advisory group members to nominate women and minorities who could be added to the group. He said there were some "big, recognizable" names on the call who would be announced soon as joining the team but did not elaborate.

A new Washington Post-ABC News opinion poll yesterday showed Trump trailing Clinton by 8 percentage points after her party's convention in Philadelphia. A Reuters/Ipsos poll out on Friday showed the race closer three months ahead of the Nov. 8 presidential election. — Reuters

KL shares extend gains to open higher

Posted: 07 Aug 2016 06:32 PM PDT

An investor monitors share market prices at a brokerage firm in Kuala Lumpur, Malaysia, August 24, 2015. — Reuters picAn investor monitors share market prices at a brokerage firm in Kuala Lumpur, Malaysia, August 24, 2015. — Reuters picKUALA LUMPUR, Aug 8 — Bursa Malaysia extended gains from last week to open higher today on continued buying support in selected heavyweights and the bullish outlook over Malaysia's second half economic performance, a dealer said. 

At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.76 points better at 1,666.80, after opening 2.30 points higher at 1,666.34. — Bernama  

Why the segregation? MIC asks Finas after FFM uproar

Posted: 07 Aug 2016 06:04 PM PDT

MIC president Datuk Seri Dr S.Subramaniam was reacting to the decision by Finas and PFM to create special categories for Bahasa Malaysia and non-Bahasa Malaysia films for the upcoming FFM. — Bernama picMIC president Datuk Seri Dr S.Subramaniam was reacting to the decision by Finas and PFM to create special categories for Bahasa Malaysia and non-Bahasa Malaysia films for the upcoming FFM. — Bernama picKUALA LUMPUR, Aug 8 — MIC President Datuk Seri Dr S.Subramaniam called on the National Film Development Corporation Malaysia (Finas) not to separate categories according to language in 28th Malaysia Film Festival (FFM).

He said the arts industry should be seen as an example to other industries to unite Malaysians.

"Why the segregation? Do not create segregation in culture, sports and other fields that are used as a medium of unity," he told Bernama. 

The Health Minister was reacting to the decision by Finas and Malaysia Film Producers Association (PFM) to create special categories for Bahasa Malaysia and non-Bahasa Malaysia films for the upcoming FFM.

The disqualification of Ola Bola and Jagat from being nominated in the best film category in the 28th FFM which will be held on Sept 3 has riled many Malaysians.

"It is surprising that influential films like Ola Bola and Jagat were not nominated under the Bahasa Malaysia category," Dr Subramaniam said. 

Last Saturday, it was reported that Communications and Multimedia Minister Datuk Seri Dr Salleh Said Keruak said he will discuss the issue of segregation of categories based on language with the Finas. — Bernama

Security concerns dog Games as Portugal minister robbed

Posted: 07 Aug 2016 05:53 PM PDT

Authorities said that 85,000 soldiers and police patrolling streets for the Games would keep Rio safe. — Reuters picAuthorities said that 85,000 soldiers and police patrolling streets for the Games would keep Rio safe. — Reuters picRIO DE JANEIRO, Aug 8 — Portugal's education minister was robbed at knifepoint on Saturday at the Olympic lake where rowing events are taking place, but escaped unharmed, authorities said.

Education Minister Tiago Brandao Rodrigues and an aide were walking near the event area when they were assaulted.

The assailant was quickly located by police at the lake, a few blocks away from Ipanema beach, and arrested. Rodrigues' belongings were returned to him.

It was the latest incident in a series of robberies that have hit visitors since the Olympics opened on Friday. Rio has dramatically lowered its crime levels in recent years, but there has been a spike in murders and assaults in recent months.

Authorities said that 85,000 soldiers and police patrolling streets for the Games — double the number of security officials in place during the London Games in 2012 — would keep Rio safe.

But even top security officials are not immune to attacks.

Brazil's Ministry of Justice confirmed that Felipe Seixas, coordinator of security for special events within the government's Secretariat for the Security of Large Events, was the target of an assault as he left the opening ceremony Friday.

Seixas, who was accompanied by two undercover police, was confronted by would-be robbers outside Maracana stadium.

One of the estimated five robbers, who were armed with knives and riding bicycles, was shot and killed by one of the undercover officers accompanying Seixas.

Meanwhile, authorities are still trying to determine how a rifle round ripped through the media tent at the venue hosting equestrian events and landed on the floor near a journalist.

It is not clear if the round came from the weapon of a soldier or was fired from a nearby slum.

Both security personnel and drug gangs in Rio are armed with the same high-calibre weapons that could have fired the projectile. — Reuters 

Turn your vacation memories into a Hollywood-style production (VIDEO)

Posted: 07 Aug 2016 05:42 PM PDT

NEW YORK, Aug 8 — Tom Marchant, co-founder of Black Tomato, explains his company's service that captures your vacation via drone for a Hollywood-style production.

He speaks on 'Bloomberg Markets.' — Bloomberg

Hollywood drone photographers are collaborating with luxury Tour operator Black Tomato to up the ante of traditional holiday videos. — AFP picHollywood drone photographers are collaborating with luxury Tour operator Black Tomato to up the ante of traditional holiday videos. — AFP pic