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The department for promotion of industry and internal trade (<keyword id="19952901" type="General" weightage="20" keywordseo="DPIIT" source="keywords" meta.keywordsubtype="org" meta.entityname="DPIIT" meta.hostid="261" meta.entityid="DPIIT">DPIIT</keyword>) on Monday asked <keyword id="19957196" type="General" weightage="20" keywordseo="white-goods" source="keywords">white goods</keyword> manufacturers to participate in large numbers to avail fiscal benefits under the <keyword id="19952889" type="General" weightage="20" keywordseo="production-linked-incentive" source="keywords">production linked incentive</keyword> scheme for the sector as the response has been muted so far. Additional Secretary in the DPIIT Rajeev Singh Thakur said that the department has again reopened the application window for the PLI (production linked incentive) scheme for white goods (<keyword id="20360726" type="General" weightage="20" keywordseo="ACs" source="keywords">ACs</keyword> and LED lights). <br /><br /> The application window is open from July 15 to October 12. <br /><br /> "In the PLI in white goods scheme, somehow the response has been muted. ...Probably due to various reasons not sufficient response has come. So I request (the industry) to have a look and probably this time, you can consider (applying)," Thakur said at the CII Consumer Electronics and Durables Summit 2024 here. <br /><br /> So far, 66 applicants with committed investment of Rs 6,962 crore have been selected as beneficiaries under the PLI scheme. <br /><br /> The Union Cabinet had given approval for the PLI scheme for white goods for <keyword id="19914449" type="General" weightage="20" keywordseo="manufacturing" source="keywords">manufacturing</keyword> of components and sub-assemblies of Air Conditioners (ACs) and LED lights on April 7, 2021. <br /><br /> The scheme is to be implemented over a seven-year period, from 2021-22 to 2028-29, and has an outlay of Rs 6,238 crore. <br /><br /> He added that the department can hold talks with the industry separately on issues like quality control orders and logistics. <br /><br /> Thakur told the industry that the time is right to increase investments into the country as the government has enhanced its capex and taken steps to promote <keyword id="19996629" type="General" weightage="20" keywordseo="ease-of-doing-business" source="keywords">ease of doing business</keyword>. <br /><br /> The public capex in the last 10 years is growing at a fast pace in areas like highways, expressway, ports, airports and railways, but the commensurate response of the private sector "somehow is not up to the expectation", he said. <br /><br /> Earlier speaking at the event, DPIIT Secretary Amardeep Singh Bhatia said that a lot of steps have been taken to promote ease of doing business, cutting down compliance burden and decriminalisation of minor offences. <br /><br /> The government has also recently approved 12 industrial townships and the industry can look at investing there. <br /><br /> He added that capital availability is not an issue now and the government has also provided protection to the industry from predatory imports. <br /><br /> Schemes like PLI and semiconductor mission have been rolled out to promote manufacturing and "now we want the industry" to ensure that they have necessary collaborations in place for technology and investments. <br /><br /> The industry should do collaborations not only to target the domestic market but also become part of global value chains. <br /><br /> "That is an expectation we are having from the entire industry and I think industry will rise to meet these expectations... We have a huge demographic dividend and the industry should take advantage of this otherwise we will miss it," Bhatia added. <br /><br /> He also said that there is no paucity of adequate skilled labour in the country and logistics costs too are coming down. <br /><br /> On logistics, he cited examples of Amazon and Flipkart selling goods in the remotest part of the country. <br /><br /> "I don't think industry should look at the current domestic demand only for collaborations. They should look at the future and export market also in addition to the domestic market," he said, adding expenditure on research and development is "abysmally" low and that needs to be enhanced.<br /><br /><b>SEE ALSO:<a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-launching-in-india-in-october-2024/slidelist/113809612.cms" target="_blank"></a></b><br /><br /> <b><a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-launching-in-india-in-october-2024/slidelist/113809612.cms" target="_blank">Upcoming cars launching in India in October 2024</a><a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-smartphones-launching-in-india-in-october-2024/slidelist/113804125.cms" target="_blank"></a></b><br /><br /> <b><a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-smartphones-launching-in-india-in-october-2024/slidelist/113804125.cms" target="_blank">Upcoming smartphones launching in India in October 2024</a><a href="https://www.businessinsider.in/stock-market/news/krn-heat-exchanger-ipo-allotment-check-allotment-status-gmp-listing-date-and-more/articleshow/113801258.cms" target="_blank"></a></b><br /><br /> <b><a href="https://www.businessinsider.in/stock-market/news/krn-heat-exchanger-ipo-allotment-check-allotment-status-gmp-listing-date-and-more/articleshow/113801258.cms" target="_blank">KRN Heat Exchanger IPO allotment – Check allotment status, GMP, listing date and more</a></b><br />

Govt asks white goods industry to apply for manufacturing sops in large numbers

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span><a href="http://pictures.reuters.com/C.aspx?VP3=SearchResult&amp;VBID=2C0BXZI4RI0MQ&amp;SMLS=1&amp;RW=1920&amp;RH=892#/SearchResult&amp;VBID=2C0BXZI4RI0MQ&amp;SMLS=1&amp;RW=1920&amp;RH=892&amp;PN=2&amp;POPUPPN=118&amp;POPUPIID=2C04080LDQ2DQ">REUTERS/Andrew Burton</a></span></p><p class="caption">Occupy Wall Street demonstrators participate in a protest against the rising national student debt in Union Square, in New York, April 25, 2012.</p></div><p></p></div></div>President Obama's top economists think that you have the explosion in student debt all wrong.</p><p>The massive increase in student debt has caused quite a bit of worry from economists concerned that it is driving down spending from these borrowers and stunting economic growth.</p><p>The Council of Economic Advisors, who conduct economic research on behalf of the White House, wrote in a <a href="https://www.whitehouse.gov/sites/default/files/page/files/20160718_cea_student_debt.pdf">massive 77-page research paper</a> released Tuesday that the opposite is in fact true.</p><p>"Federal student loan programs help expand access to high-quality education, which has long-lasting benefits to individuals as well as the overall macroeconomy through higher labor productivity and faster GDP growth," said the <a href="https://www.whitehouse.gov/sites/default/files/page/files/20160718_cea_student_debt.pdf">report from the CEA</a>. </p><p>The basic thinking here is that by allowing access to more college education - which has been shown to correlate with higher income and economic stability - the increase in student debt has provided the US economy with better-equipped workers and spenders, driving growth.</p><p>Student debt has increased from $200 billion for all Americans in 1996 to <a href="http://www.businessinsider.com/student-loan-debt-state-of-the-union-2016-1">$1.3 trillion at the end of 2015</a>. Additionally, said the report, the number of people holding student debt increased from 23 million in 2004 to over 40 million last year. Despite this boom, the CEA said that there are benefits to the increase.</p><p><div class="KonaFilter image-container display-table click-to-enlarge"><div><div class="image on-image"><a title_source="Council of Economic Advisors" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/578e76394321f142368b91f2-960/screen shot 2016-07-19 at 2.46.29 pm.png"><span class="sprites click-to-enlarge-icon" title="Click to enlarge"></span></a><p class="source"><span>Council of Economic Advisors</span></p></div><p></p></div></div></p><p>The CEA argues that the premium businesses are paying for college graduates compared to non-college graduates is also at an all-time high, making the access to higher education paramount for Americans who want a secure economic future.</p><p>"In 2014, the median full-time, full-year worker over age 25 with a bachelor's degree (but no higher degree) earned roughly 70 percent more than a worker with just a high school degree," said the report.</p><p>"Moreover, people with a college degree are more likely to be employed-facing both lower unemployment rates and higher rates of labor force participation."</p><p>Based on wages and the difference between college graduates and non-college graduates, the CEA calculates that the economic benefit of a degree to an individual was $500,000 for a bachelor's degree and $180,000 for an associate's degree. Both of those are well above the average student debt load of $17,900.</p><p><div class="KonaFilter image-container display-table click-to-enlarge"><div><div class="image on-image"><a title_source="Council of Economic Advisors" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/578e710f88e4a71b008b9299-960/screen shot 2016-07-19 at 2.24.39 pm.png"><span class="sprites click-to-enlarge-icon" title="Click to enlarge"></span></a><p class="source"><span>Council of Economic Advisors</span></p></div><p></p></div></div></p><p>The CEA also rebuked the idea that the increase in student debt is the <a href="http://www.businessinsider.com/student-debt-crisis-could-trigger-crash-2015-4">same as the growth of mortgage debt</a> that led to the financial crisis. The basic argument by the CEA is that the degree that comes out of student debt is different than the material good that comes from a mortgage.</p><p>"Unlike borrowing to pay for current spending, student loan debt is an investment in human capital that typically pays off through higher lifetime earnings and increased productivity," said the report.</p><p><span>On the other hand, studies have shown a number of negative outcomes from increased debt including, but not limited to:</span></p><ul><li><span style="line-height: 1.5em;">Young people </span><a href="http://www.businessinsider.com/student-debt-prevents-house-buying-2015-11">are delaying buying a home</a><span style="line-height: 1.5em;"> (a highly stimulative move for the economy) because of student debt.</span></li><li><span style="line-height: 1.5em;">The rising student debt may be </span><a href="http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2417676">slowing small business formation</a>.</li><li><span style="line-height: 1.5em;">The average head of household under 40 spends </span><a href="http://www.businessinsider.com/student-debt-crisis-started-in-the-1980s-2015-10">more on student debt than groceries.</a></li></ul><p>The CEA did acknowledge some issues, saying that public investment to ease the growth of student debt was important. Also, the report acknowledged that students who fail to complete college do not receive the same wage benefits and often struggle to repay loans.</p><p>In the end, the CEA said the benefits to both the US economy and the personal economies of every student borrower outweigh the costs of taking on more student debt.</p><p>"College remains an excellent investment overall, and the majority of dollars in the student loan market continue to fund investments with large returns to student borrowers and the economy," concluded the CEA.</p><p><em><strong><a href="https://www.whitehouse.gov/sites/default/files/page/files/20160718_cea_student_debt.pdf">Check out the full report here»</a></strong></em></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/differences-between-green-berets-navy-seals-2016-6">GREEN BERET: This is how we're different from US Navy SEALs</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="dpbGxnNDE62bz7UIoeO6bB9hnHLhUcBQ" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

WHITE HOUSE: Student debt is good for the economy

<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>AP</span></p><p class="caption">Russian President Vladimir Putin and US President Donald Trump</p></div><p></p></div></div></p><ul><li><strong>Some people are very concerned that damaging information was leaked about President Donald Trump's congratulatory call to Vladimir Putin.</strong></li><li><strong>The leaks are actually a good thing for US interests.</strong></li><li><strong>We should want to preserve the situation where Trump lacks normal executive control over US-Russia relations.</strong></li></ul><p><br />There's an emerging Republican line on President Donald Trump's <a href="http://www.businessinsider.com/trump-congratulate-putin-leak-furious-2018-3" target="_blank" rel="noopener">choice to override briefing materials</a> from his national security staff that said "DO NOT CONGRATULATE," and to congratulate Vladimir Putin on his re-election as president of Russia.</p><p>"<span>I don't agree with congratulating #</span>Putin<span> but bigger outrage is this leak that could only come from someone in @</span>POTUS<span> inner circle," <a href="https://twitter.com/marcorubio/status/976414731958390784">tweeted</a> Florida Sen. Marco Rubio. "If you don't like President resign, but this ongoing pattern of duplicity holds potential for serious damage to the nation."</span></p><p><span>Rubio is wrong. The leak of this internal White House communication is not the "bigger outrage." </span></p><p><span>It's a good thing.</span></p><p><span>The president's administration has taken a tough line on Russia in various ways, especially when Trump's direct involvement hasn't been required. But his direct actions have undermined his administration's tough stances - for example, when he has downplayed Russian actions to interfere in foreign elections, or this week when he congratulated Putin on winning an election that was not free or fair.</span></p><p><span>Someone in the White House presumably leaked this information in an effort to undermine the president's (often hapless) efforts to turn US policy in a pro-Russia direction. </span></p><p><span>This is a good thing for American interests.</span></p><p><span>A discreet, internal deliberation process, in which staff can advise the president without their advice becoming public, is indeed an important part of a well-functioning White House that achieves its goals. So is a policy process where executive branch officials seek to execute the president's vision. But since the president's goals in relations with Russia are nefarious, a breakdown of that process with regard to US-Russia relations is good.</span></p><p><span>We should want to preserve the situation where Trump lacks normal executive control over US-Russia relations.</span></p><p><span>I understand the concern that these leaks set a bad precedent, as does the broader phenomenon of having a president not truly in full command of his executive powers.</span></p><p><span>The best way to avoid the setting of bad precedents would have been not to elect this incompetent, amoral, and unpatriotic man to the presidency. But here we are, in part because people like Rubio acquiesced to supporting his campaign for the presidency. So if Liddle Marco wants to cast blame for this situation, he should start with himself.</span></p><p><span>I am hopeful that the precedents being set in the Trump administration will not be <em>too</em> precedential. A normal president prevents White House leaks by commanding the respect and support of his staff. He commands his executive powers because he is able to build out an administration full of people who trust him to execute him.</span></p><p><span>The leaks and the undermining in Trump's West Wing are more a symptom of his inability to lead his administration than a cause. When we have a normal president again, this situation will hopefully not persist.</span></p><p><span>But until then, we shouldn't want the level of White House efficacy and unity we'd want for a normal president of either party. Certain kinds of dysfunction, such as this leak, are welcome.</span></p>     <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/555-phone-number-tv-movies-telephone-exchange-names-ghostbusters-2018-3">Why 555 is always used for phone numbers on TV and in movies</a></h3>        <div>                    </div>    </div>

It's good that the Trump White House is so leaky

<ul class="summary-list"><li>President <keyword id="6354484" type="PERSON" weightage="60" keywordseo="Donald-Trump">Donald Trump</keyword> has exhibited an obsession with the notion that certain people have superior genes for a long time.</li><li>Trump on Friday told a crowd of nearly all white supporters that they have "good genes" and referenced the "racehorse theory."</li><li>"You have good genes. You know that, right? You have good genes. A lot of it is about the genes, isn't it, don't you believe? The racehorse theory. You think we're so different? You have good genes in <keyword id="19027" type="ORGANIZATION" weightage="60" keywordseo="Minnesota">Minnesota</keyword>," Trump said.</li><li>Minnesota is a predominantly white state where many people are of Scandinavian descent. </li><li>Trump has previously suggested he has superior genes and boasted about his "German blood."</li></ul><p>President Donald Trump on Friday told a crowd of nearly all white supporters in Minnesota that they have "good genes" and referenced the "racehorse theory," or the belief that some people are born genetically superior. </p><p>"You have good genes. You know that, right? You have good genes. A lot of it is about the genes, isn't it, don't you believe? The racehorse theory. You think we're so different? You have good genes in Minnesota," Trump said to his supporters in a state where many people are of Scandinavian descent.</p><p>Minnesota is about 79% white, according to the US Census Bureau, and the crowd on Friday appeared to reflect that. </p><p>At other points in the rally, Trump <a href="https://twitter.com/atrupar/status/1307098293848207360?s=20">disparaged refugees</a> and applauded a recent incident in which a reporter was struck in the knee with <a href="https://twitter.com/davidgura/status/1307318498205425665?s=20">a rubber bullet fired by police</a>.</p><div type="image" title="Trump Minnesota" height="1333" width="2000" msid="78245540" hostid="261"></div><p>The president's comments on "good genes" prompted alarm on social media and comparisons to the Nazi obsession with the "master race" and eugenics.</p><p>"As a historian who has written about the Holocaust, I'll say bluntly: This is indistinguishable from the Nazi rhetoric that led to Jews, disabled people, LGBTQ, Romani and others being exterminated. This is America 2020. This is where the GOP has taken us," Steve Silberman, an author and historian, tweeted.</p><p>Trump has a long history of suggesting certain people, including himself, have superior genetics. </p><p>"I have Ivy League education, smart guy, good genes. I have great genes and all that stuff which I'm a believer in," <a href="https://www.youtube.com/watch?v=GCx3tSWtyFI">Trump said</a> at a 2016 rally in Biloxi, Mississippi.</p><p>"I'm a gene believer," Trump <a href="http://edition.cnn.com/2010/SHOWBIZ/02/11/donald.trump.marriage.apprentice/">told CNN</a> in 2010. "Hey, when you connect two racehorses, you get usually end up with a fast horse."</p><p>"<a href="https://www.youtube.com/watch?v=i_qddPdV7-A&amp;feature=youtu.beu.be">I'm proud to have that German blood</a> ... great stuff," Trump said in a 2014 documentary.</p><p>Trump has also rejected the notion that "all men are created equal," perhaps the most famous line from the Declaration of Independence, saying <a href="https://www.huffpost.com/entry/donald-trump-eugenics_n_57ec4cc2e4b024a52d2cc7f9">some men are "smart" and some "aren't."</a></p><p>During a tour in May of a Ford manufacturing facility in Ypsilanti, Michigan, the president praised Henry Ford's "good bloodlines."</p><p>Trump was heavily criticized over these comments at the time, given Ford's <a href="https://www.pbs.org/wgbh/americanexperience/features/henryford-antisemitism/">anti-Semitic writings</a> and <a href="https://theintercept.com/2020/05/22/trump-hails-good-bloodlines-henry-ford-whose-anti-semitism-inspired-hitler/">his relationship with the Nazis</a>.</p>

Trump told a crowd of nearly all white supporters that they have 'good genes'

<p></p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><a href="http://shareasale.com/r.cfm?b=999&amp;u=1088116&amp;m=25092&amp;urllink=www.canvaspop.com%2Fproducts%2Fpillows%2Fcustomize" target="_blank" rel="noopener"></a><p class="source"><span>Canvas Pop</span></p></div><p></p></div></div><p></p><ul class="summary-list"><li>Unlike almost every other gifting occasion, White Elephant, Yankee Swap, and/or Nasty Christmas exchanges reward originality, humor, and risk-taking above all else. </li><li>Since you don't have hours to dive deep into the riches of the internet, I've collected 55 great White Elephant gifts under $50 for you.</li></ul><p>When it comes to gift-swapping games like White Elephant, Yankee Swap, or Nasty Christmas, the master gifters must first forget everything they know about holiday gifting.</p><p>Gone are the gifts of cashmere scarves, Belgian chocolates, and those porcelain baby angel figurines Aunt Sharon collects. In their place, Ron Swanson's Pyramid of Greatness, cookbooks punctuated by expletives, life-size cardboard cut-outs of your face, T-shirts with record players engulfed in flame thanks to the devil's music, and door stoppers with "HODOR" emblazoned upon them. </p><p>Gift swaps reward the niche, novel, and irreverent, with bonus points going to those who can check the boxes of funny<span> </span><em>and<span> </span></em>useful. So, below, we rounded up 55 last-minute gifts that are perfectly primed for this occasion, and, admittedly, perhaps no other.</p><p>Most of these items are available with expedited shipping, and some should arrive within a few days' time, so don't stress too hard if you're doing some last-minute shopping - just remember that the sooner you order, the better your chances of a timely arrival.</p><section data-slideshow-intro-content=""><h3><strong>Below, you'll find 55 of the best last-minute White Elephant gifts under $50 on the internet.</strong></h3></section><p class="tagline"></p><p><a href="http://e.businessinsider.com/join/ci/insider-picks">Subscribe to our newsletter.</a><br /><br />Find all the best offers at our <a href="https://coupons.businessinsider.com/">Coupons page</a>.<br /><br />Disclosure: This post is brought to you by the <a href="http://www.businessinsider.com/insiderpicks">Insider Picks</a> team. We highlight products and services you might find interesting. If you buy them, we get a small share of the revenue from the sale from our commerce partners. We frequently receive products free of charge from manufacturers to test. This does not drive our decision as to whether or not a product is featured or recommended. We operate independently from our advertising sales team. We welcome your feedback. Email us at insiderpicks@businessinsider.com.</p><p></p>

55 hilarious White Elephant gifts under $50 that are guaranteed to get a good laugh

<p><em>The</em><a href="http://www.businessinsider.com/insiderpicks"><em><span> </span>Insider Picks</em></a><em><span> </span>team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase.</em></p><p></p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><a href="https://www.awin1.com/cread.php?awinmid=6220&amp;awinaffid=257137&amp;p=https%3A%2F%2Fwww.etsy.com%2Flisting%2F614369680%2Fnicolas-cage-face-sequin-pillow-sequin%3Fga_order%3Dmost_relevant%26ga_search_type%3Dall%26ga_view_type%3Dgallery%26ga_search_query%3Dfunny%2520gifts%26ref%3Dsc_gallery-1-3%26plkey%3D96d2026732cac90980341fea95c86edfa9bf2d92%3A614369680" target="_blank" rel="noopener"></a><p class="source"><span>Etsy</span></p><p class="caption">"A picture is a poem without words." - Horace</p></div><p></p></div></div><p></p><p>When it comes to gift swapping games like White Elephant, Yankee Swap, or Nasty Christmas, the master gifters must first forget everything they know about holiday gifting.</p><p>Gone are the cashmere scarves, Belgian chocolates, and those porcelain baby angel figurines Aunt Sharon collects. In their place, Renaissance-style portraits of pets, life size cardboard cut-outs of your face, and DIY books like "Crafting with Cat Hair" with a reviewer base evenly split between "this is a hilarious gag gift" and "I wish they taught you more than just finger puppets in here."</p><p>Gift swaps reward the niche, novel, and irreverent, with bonus points going to those who can check the boxes of funny<span> </span><em>and<span> </span></em>useful. So, below, we rounded up 51 gifts that are perfectly primed for this occasion, and, admittedly, perhaps no other.</p><section data-slideshow-intro-content=""><div><h3><strong>Below, you'll find 51 of the best White Elephant gifts under $50 on the internet.</strong></h3><p><em><strong>Looking for more gift ideas?<span> </span><a href="https://www.businessinsider.com/category/gift-guide-2018" target="_blank" rel="noopener">Check out all of Insider Picks' holiday gift guides for 2018 here.</a></strong></em></p></div></section><p class="tagline">Subscribe to our weekly newsletter. You'll be the first to hear about the stuff we review. <a href="http://e.businessinsider.com/join/ci/insider-picks">Sign up</a>.<br /><br />Follow us on <a href="https://www.pinterest.com/insiderpicks/">Pinterest</a>.<br /><br />Disclosure: This post is brought to you by the <a href="http://www.businessinsider.com/insiderpicks">Insider Picks</a> team. We aim to highlight products and services you might find interesting, and if you buy them, we get a small share of the revenue from the sale from our commerce partners. We frequently receive products free of charge from manufacturers to test. This does not drive our decision as to whether or not a product is featured or recommended. We operate independently from our advertising sales team. We welcome your feedback. Want to get in touch? Email us at insiderpicks@businessinsider.com.<br /><br />To find all the best offers on the web, visit our <a href="https://coupons.businessinsider.com/">Coupons page</a>.</p>

51 hilarious White Elephant gifts under $50 that are guaranteed to get a good laugh

Listen up, cowards: Melania Trump's White House Christmas decorations were good, actually  

<p>They're playing the Orioles-White Sox game in an empty stadium because of ongoing violence and protests in Baltimore.</p><p>It sounds like a Little League game. You can hear the ball hitting the glove and everything (<a href="https://vine.co/v/e7mW1gbWXzd">via Meredith Shiner</a>):</p><div><div></div></div><p class="embed-spacer"></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/manny-pacquiao-kid-kalufu-trailer-2015-4">Trailer for Manny Pacquiao biopic 'Kid Kalufu' chronicles his early life in the Philippines</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="F0aHZydDo_D41Q4abAG_kyMR7q3lzycv" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

A good Vine of what the Orioles-White Sox empty stadium game sounds like in person

<ul class="summary-list"><li>Trump's ex-White House counsel testified that there was no good "beginning, middle, and end" to their conversations.</li><li>"You rarely leave conversations with President Trump," he said. "It's just - especially when you're the counsel. You're always kind of around."</li><li>McGahn was a key figure in the <keyword id="7074526" type="UNKNOWN" weightage="60" keywordseo="Mueller-probe">Mueller probe</keyword> and said Trump told him to "do crazy s---" to stop the investigation.</li></ul><p>Former White House counsel <keyword id="4131933" type="PERSON" weightage="60" keywordseo="don-mcgahn">Don McGahn</keyword> told Congress this month that there was never a good "beginning, middle, and end" to his conversations with <keyword id="6354484" type="PERSON" weightage="60" keywordseo="Donald-Trump">Donald Trump</keyword> when Trump was president.</p><p>McGahn served as White House counsel for nearly two years before resigning in October 2018. He was a central witness in the special counsel Robert Mueller's investigation into whether Trump obstructed justice in the FBI's Russia probe. After months of battling Congress's requests for testimony, McGahn finally appeared behind closed doors last week. The House Judiciary Committee released a transcript of McGahn's testimony on Wednesday.</p><p>At one point, the lead counsel for the House Judiciary Committee asked McGahn about one of the episodes Mueller highlighted in his report connected to the obstruction probe. Specifically, Trump told McGahn in the midst of the <keyword id="4335055" type="PERSON" weightage="60" keywordseo="russia-investigation">Russia investigation</keyword> that he wanted to fire Mueller. McGahn refused and said doing so could be "another fact used to claim of <keyword id="6489215" type="UNKNOWN" weightage="60" keywordseo="obstruction-of-justice">obstruction of justice</keyword>."</p><p>The committee's counsel, Sarah Istel, asked McGahn what other facts he was referring to during that conversation.</p><p>McGahn mentioned other data points in the obstruction probe including Trump's firing of FBI director James Comey and his efforts to stop Comey from investigating former national security advisor Michael Flynn.</p><p>McGahn stopped short of saying these instances definitively constituted obstruction but said he was concerned about how they could be perceived by the public.</p><p>After some back and forth about the semantics of McGahn's claim that firing Mueller could be "another fact" used to claim he obstructed justice, Istel asked McGahn about his assessment that Trump could face the "biggest exposure" from his efforts to hamper Comey's investigation into Flynn.</p><p>McGahn said he didn't remember if he specifically used the word "exposure" but specified that he didn't believe Comey's removal was a legal issue for Trump because the president has the power to fire the FBI director.</p><p>"The real issues were more around former Director Comey's recounting of meetings" and conversations he had with Trump, during which Trump asked him to lay off of investigating Flynn and demanded Comey's loyalty.</p><p>"That was more, as a lawyer, where I was looking to alert the president," McGahn said.</p><p>Istel then asked McGahn how he ended that conversation with Trump.</p><p>"No, I don't recall. No," he said. "You rarely leave conversations with President Trump. There's never really a good beginning, middle, and end. It's just - especially when you're the counsel. You're always kind of around."</p><p>Indeed, McGahn's name surfaced several times in Mueller's report, including once when the special counsel detailed his reaction to Trump's directive that Mueller be fired.</p><p>"McGahn spoke with the President twice and understood the directive the same way both times, making it unlikely that he misheard or misinterpreted the President's request," the report said. "In response to that request, McGahn decided to quit. He called his lawyer, drove to the White House, packed up his office, prepared to submit a resignation letter with his chief of staff, told [then-White House Chief of Staff Reince] Priebus that the President had asked him to 'do crazy s---.'"</p>

Trump's former White House counsel testified that there was 'never really a good beginning, middle, and end' to their conversations

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span>Chip Somodevilla/Getty Images</span></p><p class="caption">Gary Cohn</p></div><p></p></div></div>The US stock market spent the last few months grinding ever higher, setting new all-time records seemingly every week.</p><p>On Thursday, however, a rumor that President Donald Trump's top economic advisor Gary Cohn was quitting his team spooked the seemingly calm markets and exposed a possible risk going forward.</p><p>A number of Twitter users <a href="https://twitter.com/QTRResearch/status/898183639166570496">spotted a tweet</a>, later deleted, from a breaking news service called Breaking News Live that said Cohn, a former Goldman Sachs COO, was leaving the White House. While the tweet was quickly deleted, chatter about Cohn stepping down picked up among market observers.</p><p>The rumor seemed plausible after multiple reports that Cohn was "upset" and "disgusted" with <a href="http://www.businessinsider.com/gary-cohn-upset-disgusted-trump-charlottesville-press-conference-2017-8">Trump's press conference on Tuesday</a> addressing the violence in Charlottesville, Virginia.</p><p>Jonathan Swan at Axios, however, <a href="https://twitter.com/jonathanvswan/status/898190160336232448">said soon after</a> that the tweet was false and a White House official told reporters "nothing's changed."</p><p>Regardless, the possibility of Cohn's departure clearly has Wall Street a bit on edge.</p><p>The S&amp;P 500 began a sharp move down around 10 am ET, when the rumor first started circulating. Down just 0.1% in early trading, the benchmark index slipped 0.5% over the course of 20 mins. It's now down about 0.6%, hovering near intraday lows.</p><p>US 10-year Treasury yields also dipped on the news, falling as much as 0.7% before quickly paring the drop. Meanwhile, gold climbed as investors sought safety assets, trading as much as 0.8% higher.</p><p>In the long-term, the spectre of a Cohn resignation looms over the markets. Finance-focused political analysts warned after the rumors that there could be a serious loss of investor confidence if Cohn were to depart Trump's administration. Cohn leaving the White House could create significant doubt that the expected business-friendly and economically-stimulative policies on taxes and infrastructure promised by Trump would actually materialize.</p><p>Jaret Seiberg, an analyst at Cowen Washington Research Group, said that an early Cohn exit could be enough to break the market's confidence in Trump's pro-business policies. Additionally, Seiberg said the general cooling of the business community towards Trump may be worrisome.</p><p>"At risk is the President's ability to fill out his own team, to push tax reform, to enact an infrastructure bill and to continue to attract business leaders to fill key government posts," Seiberg wrote in a note Thursday.</p><p>Additionally, Isaac Boltansky at Compass Point said in a note to clients that a Cohn departure could put a serious dent in the market.</p><p><span>"We firmly believe that if Mr. Cohn departs the White House there will be a material market sell-off as he is running point on tax reform and considered as a front-runner to replace Federal Reserve Chair Yellen," Boltanksy said. "We have no insight into Mr. Cohn's plans, but our sense from client conversations is that his departure would surely dampen Wall Street's already dwindling confidence in Washington's capacity to govern."</span></p>     <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/the-bottom-line-stock-market-records-apple-tesla-tech-earnings-jim-glassman-economy-2017-8">THE BOTTOM LINE: New record highs for stocks and a deep dive into Apple's iPhone</a></h3>        <div>                    </div>    </div>

False rumors that Gary Cohn is leaving the White House just spooked Wall Street - for a good reason

<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span><a href="https://www.gettyimages.co.uk/detail/news-photo/conor-mcgregor-shakes-hands-with-ufc-president-dana-white-news-photo/814891810">Photo by Vaughn Ridley/Getty Images</a></span></p><p class="caption">Conor McGregor and the UFC boss Dana White.</p></div><p></p></div></div></p><ul class="summary-list"><li>Dana White wants to have a meeting with <a href="https://www.businessinsider.com/category/conor-mcgregor" target="_blank" rel="noopener">Conor McGregor</a>.</li><li>The UFC boss wants to thrash out a deal that could see McGregor return to the sport, having announced his retirement last week.</li><li>White refuses to give McGregor an equity stake in UFC.</li><li>But he will do all he can to book big-money rematches against Floyd Mayweather and Khabib Nurmagomedov, to give McGregor a chance at avenging his most humiliating defeats.</li></ul><p><a href="https://www.businessinsider.com/category/conor-mcgregor" target="_blank" rel="noopener">Conor McGregor</a>'s retirement could be a short-lived one, according to Dana White.</p><p>The UFC boss had previously said that the Irishman's retirement announcement <a href="https://www.businessinsider.com/conor-mcgregor-announces-shock-resignation-from-mma-2019-3" target="_blank" rel="noopener">"totally makes sense,"</a> that his whiskey business was booming, and that he was an incredibly fun athlete to watch throughout his time in the sport.</p><p>But now White appears set to lure McGregor back into UFC. <a href="https://www.lasvegasnow.com/sports/game-on-vegas/dana-white-joins-game-on-vegas/1892319292s" target="_blank" rel="noopener">He told 8 News Now</a>, a CBS-affiliated broadcaster in Las Vegas, that he expects to meet the 30-year-old "face to face" and negotiate his comeback.</p><p><em><strong>Read more</strong>: <a href="https://www.businessinsider.com/khabib-nurmagomedov-responds-to-conor-mcgregors-shock-retirement-2019-3" target="_blank" rel="noopener">Khabib Nurmagomedov responded to Conor McGregor's shock retirement by saying 'there can be only one king in the jungle'</a></em><a href="https://www.businessinsider.com/khabib-nurmagomedov-responds-to-conor-mcgregors-shock-retirement-2019-3"></a></p><p>"I think that there's some things that Conor wants and I think that Conor wants to get together face to face, he and I, and we probably will in the next couple of weeks and we'll get this thing figured out," White said.</p><p>One sticking point is McGregor's demand for an equity stake in UFC - something he pushed for <a href="https://www.bloodyelbow.com/2016/11/13/13613068/conor-mcgregor-asks-for-ownership-and-equity-ufc-205-mma-news" target="_blank" rel="noopener">in 2016</a>, <a href="https://www.forbes.com/sites/trentreinsmith/2017/11/02/ufcs-dana-white-responds-to-conor-mcgregors-request-for-ownership-and-equity-in-the-promotion/#c7399a549ea7" target="_blank" rel="noopener">2017</a>, and, <a href="https://www.businessinsider.com/conor-mcgregor-wont-retire-on-humiliating-low-opinion-2019-3" target="_blank" rel="noopener">more recently, in 2019</a>. But White believes a solution to this is the prospect of big-money, revenge-seeking fights.</p><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span><a href="https://www.gettyimages.co.uk/detail/news-photo/las-vegas-united-states-6-october-2018-conor-mcgregor-in-news-photo/1046913464">Photo By Stephen McCarthy/Sportsfile via Getty Images</a></span></p><p class="caption">White wants to see McGregor back in the cage.</p></div><p></p></div></div></p><p>"He's stuck on this thing where he wants a piece of the ownership and if you look at basketball, Michael Jordan didn't own a piece of the league… I think there's other ways that we can make him happy."</p><p>One way to potentially make him happy is by coaxing Floyd Mayweather into the UFC for a cage fight rematch of the American's comfortable 10th round boxing rules victory over McGregor in 2017, as well as a second go at Khabib Nurmagomedov - <a href="https://www.businessinsider.com/conor-mcgregor-result-who-won-ko-khabib-nurmagomedov-10-2018" target="_blank" rel="noopener">the Russian wrestler who dominated McGregor with a fourth round submission</a> in 2018.</p><p>Both may be put to McGregor during any upcoming "face to face," as 8 News Now reports that these match-ups are White's dream fights for the company's biggest star.</p><p><em><strong>Read more</strong>: <a href="https://www.businessinsider.com/conor-mcgregor-wont-retire-on-humiliating-low-opinion-2019-3" target="_blank" rel="noopener">Conor McGregor's fall has been as sharp as his monumental rise, and it's unlikely he'll retire on such a humiliating low</a></em></p><p>McGregor's retirement statement arrived at a surprising time, as <a href="https://www.businessinsider.com/conor-mcgregor-behavior-means-trash-talk-must-be-policed-2019-1" target="_blank" rel="noopener">the UFC fighter will be free to fight from April 6 having served his suspension for the role he played in the post-fight brawls</a> that marred his UFC 229 loss to Nurmagomedov last year.</p><p><a href="https://www.businessinsider.com/conor-mcgregor-wont-retire-on-humiliating-low-opinion-2019-3" target="_blank" rel="noopener">Business Insider</a> reported that it was hard to believe the news, however, as it was unlikely McGregor would retire on such a humiliating low, having suffered back-to-back losses in boxing and UFC.</p><p>The wider industry reacted similarly. The UFC bantamweight <a href="https://twitter.com/brianboom135/status/1110523175375376384" target="_blank" rel="noopener">Brian Kelleher said it's just "tactics,"</a> the unbeaten welterweight Ben <a href="https://twitter.com/Benaskren/status/1110561498466783232" target="_blank" rel="noopener">Askren said we could expect a "fight announcement within the week,"</a> and ESPN's MMA expert Brett <a href="https://twitter.com/SportsCenter/status/1110427169904300032" target="_blank" rel="noopener">Okamoto said he would not be treating it as an "official" retirement</a>.</p><p>Only time will tell if McGregor will return to the negotiating table, but nobody will be surprised if he does.</p>    <div class="margin-top">        <h3>NOW WATCH: <a href="https://www.businessinsider.com/kareem-abdul-jabbar-ncaa-should-pay-their-athletes-2016-3">NBA legend Kareem Abdul-Jabbar explains why the NCAA should pay college athletes</a></h3>        <div>                    </div>    </div>

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