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Westlake Legal Group > News Corporation (Page 267)

Barbara Walters honored with ‘This is 2020’ tribute video featuring star cameos

Westlake Legal Group Sofia-Vergara-Whoopi-Goldberg-Barbara-Walters Barbara Walters honored with 'This is 2020' tribute video featuring star cameos Nate Day fox-news/person/whoopi-goldberg fox-news/person/kelly-ripa fox-news/entertainment/celebrity-news fox-news/entertainment fox news fnc/entertainment fnc c67b1e80-34dd-5a41-bff4-59deaf58dd4c article

Barbara Walters, now 90 years old and retired, was apparently way ahead of her time when she first said: “This is 20/20.”

To many, that introduction to the news magazine program she co-anchored on ABC from 1974-2004 seemed like the perfect way to kick off the new year 2020.

So to celebrate the new year, New York City’s WABC-TV put together a star-studded video tribute to Walters, featuring stars such as Kelly Ripa, Whoopi Goldberg and others voicing the introduction that Walters made famous.

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The video kicks off with clips of Walters giving her signature intro to “20/20.”

“No one says it like Barbara, but…” reads the video before a slew of celebrities give their best impression of the legendary journalist.

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Sofia Vergara from “Modern Family,” Marsai Martin from “Black-ish,” Ryan Seacrest and more can be seen offering their impressions, delivering the line in their best Barbara Walters voice.

“Do I get the job?” asks Goldberg, Walter’s former co-host on “The View,” after delivering the line.

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The video includes one more vintage clip of Walters delivering her iconic line before text appears, reading: “Welcome to 2020.”

Westlake Legal Group Sofia-Vergara-Whoopi-Goldberg-Barbara-Walters Barbara Walters honored with 'This is 2020' tribute video featuring star cameos Nate Day fox-news/person/whoopi-goldberg fox-news/person/kelly-ripa fox-news/entertainment/celebrity-news fox-news/entertainment fox news fnc/entertainment fnc c67b1e80-34dd-5a41-bff4-59deaf58dd4c article   Westlake Legal Group Sofia-Vergara-Whoopi-Goldberg-Barbara-Walters Barbara Walters honored with 'This is 2020' tribute video featuring star cameos Nate Day fox-news/person/whoopi-goldberg fox-news/person/kelly-ripa fox-news/entertainment/celebrity-news fox-news/entertainment fox news fnc/entertainment fnc c67b1e80-34dd-5a41-bff4-59deaf58dd4c article

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China Moves to Steady Its Slowing Economic Growth

Westlake Legal Group 01china-economy-1-facebookJumbo China Moves to Steady Its Slowing Economic Growth Production Politics and Government People's Bank of China Lunar New Year International Trade and World Market Economic Conditions and Trends China

HONG KONG — China on Wednesday moved to inject $115 billion in cash into its financial system, suggesting that Beijing remains concerned about faltering growth despite signs that the world’s second-largest economy is stabilizing.

China’s central bank, the People’s Bank of China, on Wednesday cut the amount of money that it requires the country’s commercial banks to stash away for a rainy day, a measure called the reserve requirement ratio. The move will essentially inject about $115 billion into the financial system after it goes into effect on Monday. The cut comes after a similar move in September.

The change, announced on the New Year’s Day holiday, is likely to focus renewed attention on the health of the Chinese economy, a major driver of global growth. While the move is relatively modest given the vast size of the Chinese economy, it follows a recent meeting of the country’s top economic planners and comes just a few weeks before Beijing releases its growth figures for the last three months of 2019.

China’s leaders are contending with the country’s slowest pace of growth in nearly three decades.

Beijing has been trying to pare down the country’s dependence on borrowing, which helped fuel heady growth in recent years but left big debts on the balance sheets of major corporations and local governments. Reducing that dependence could help prevent major problems down the road, but at the cost of slower growth in the near term.

The Chinese economy has also been hit by President Trump’s trade war. Higher tariffs have made it more expensive to sell Chinese-made goods to American customers, denting China’s factory activity and consumer confidence there. A likely trade truce could limit the damage but still leave many tariffs in place.

Some recent signs had suggested that China’s slowdown was easing. November figures for industrial output and retail sales had suggested the economy was strengthening. The property market, an essential part of the Chinese economy that in recent months had been holding back growth, also appeared to be improving.

But other signs still indicate weakness. The China Beige Book, an economic consulting firm, pointed in its December report to slowing growth in new orders and ramped up borrowing by Chinese companies. “With China’s economy seeing record levels of corporate borrowing,” it said, “is this as good as it gets?”

The cut announced Wednesday was expected by many economists. They see Beijing as trying to find middle ground between supporting economic growth without resorting to more dramatic steps that could rev the economy further but saddle the country with even more debt.

As a result, China’s headline growth figures are widely expected to slow further, though at a measured pace. In the first three quarters of 2019, its output grew 6.2 percent compared with a year before. Still, economists take those figures with a deep amount of skepticism because they tend to be smoother and steadier than those issued by other countries, and they usually hit official targets.

The cut is not unusual so early in the year ahead of China’s Lunar New Year holiday, which begins this year on Jan. 25, and when demand for cash intensifies. The central bank made a similar cut about a year ago.

China’s cut announced on Wednesday reduced the requirement ratio by 0.5 percentage points, to 12.5 percent for large banks.

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The Tech That Will Invade Our Lives in 2020

Westlake Legal Group 01Techfix-print-facebookJumbo The Tech That Will Invade Our Lives in 2020 Wireless Communications Wearable Computing Television Sets and Media Devices Television Netflix Inc Mobile Applications International Consumer Electronics Show Innovation Home Automation and Smart Homes Driverless and Semiautonomous Vehicles Computers and the Internet Apple Inc 5G (Wireless Communications)

The 2010s made one thing clear: Tech is everywhere in life.

Tech is in our homes with thermostats that heat up our residences before we walk through the door. It’s in our cars with safety features that warn us about vehicles in adjacent lanes. It’s on our television sets, where many of us are streaming shows and movies through apps. We even wear it on ourselves in the form of wristwatches that monitor our health.

In 2020 and the coming decade, these trends are likely to gather momentum. They will also be on display next week at CES, an enormous consumer electronics trade show in Las Vegas that typically serves as a window into the year’s hottest tech developments.

At the show, next-generation cellular technology known as 5G, which delivers data at mind-boggling speeds, is expected to take center stage as one of the most important topics. We are also likely to see the evolution of smart homes, with internet-connected appliances such as refrigerators, televisions and vacuum cleaners working more seamlessly together — and with less human interaction required.

“The biggest thing is connected everything,” said Carolina Milanesi, a technology analyst for the research firm Creative Strategies. “Anything in the home — we’ll have more cameras, more mics, more sensors.”

If some of this sounds the same as last year, it is — but that’s because new technologies often take time to mature.

Here’s what to watch in tech this year.

In the last few years, Amazon, Apple and Google have battled to become the center of our homes.

Their virtual assistants — Alexa, Google Assistant and Siri — respond to voice commands to play music from speakers, control light bulbs and activate robot vacuums. Smart home products work well, but they are complicated to set up, so most people use virtual assistants just for basic tasks like setting a kitchen timer and checking the weather.

Then in December, Amazon, Apple and Google came to what appeared to be a truce: They announced that they were working together on a standard to help make smart home products compatible with one another.

In other words, when you buy an internet-connected light bulb down the line that works with Alexa, it should also work with Siri and Google Assistant. This should help reduce confusion when shopping for home products and improve the ease with which connected gadgets work with one another.

Ms. Milanesi said that eliminating complexity was a necessary step for the tech giants to achieve their ultimate goal: seamless home automation without the need for people to tell the assistants what to do.

“You want the devices to talk to each other instead of me being the translator between these device interactions,” she said. “If I open my door, then the door can say to the lights that the door is open and therefore the lights need to turn on.”

If and when that happens, your home will truly — and finally — be smart.

In 2019, the wireless industry began shifting to 5G, a technology that can deliver data at such incredibly fast speeds that people will be able to download entire movies in a few seconds.

Yet the rollout of 5G was anticlimactic and uneven. Across the United States, carriers deployed 5G in just a few dozen cities. And only a handful of new smartphones last year worked with the new cellular technology.

In 2020, 5G will gain some momentum. Verizon said it expected half the nation to have access to 5G this year. AT&T, which offers two types of 5G — 5G Evolution, which is incrementally faster than 4G, and 5G Plus, which is the ultrafast version — said it expected 5G Plus to reach parts of 30 cities by early 2020.

Another sign that 5G is really taking hold? A broader set of devices will support the new wireless standard.

Samsung, for one, has begun including 5G support on some of its newer Galaxy devices. Apple, which declined to comment, is also expected to release its first 5G-compatible iPhones this year.

And 5G will be going to work behind the scenes, in ways that will emerge over time. One important benefit of the technology is its ability to greatly reduce latency, or the time it takes for devices to communicate with one another. That will be important for the compatibility of next-generation devices like robots, self-driving cars and drones.

For example, if your car has 5G and another car has 5G, the two cars can talk to each other, signaling to each other when they are braking and changing lanes. The elimination of the communications delay is crucial for cars to become autonomous.

It’s a time of intense competition in wearable computers, which is set to lead to more creativity and innovation.

For a long while, Apple has dominated wearables. In 2015, it released Apple Watch, a smart watch with a focus on health monitoring. In 2016, the company introduced AirPods, wireless earbuds that can be controlled with Siri.

Since then, many others have jumped in, including Xiaomi, Samsung and Huawei. Google recently acquired Fitbit, the fitness gadget maker, for $2.1 billion, in the hope of playing catch-up with Apple.

Computer chips are making their way into other electronic products like earphones, which means that companies are likely to introduce innovations in wearable accessories, said Frank Gillett, a technology analyst for Forrester. Two possibilities: earphones that monitor your health by pulling pulses from your ears, or earbuds that double as inexpensive hearing aids.

“That whole area of improving our hearing and hearing the way other people hear us is really interesting,” he said.

We have rushed headlong into the streaming era, and that will only continue.

In 2019, Netflix was the most-watched video service in the United States, with people spending an average of 23 minutes a day streaming its content, according to eMarketer, the research firm. In all, digital video made up about a quarter of the daily time spent on digital devices last year, which included time spent on apps and web browsers.

Netflix’s share of the overall time we spend watching video on devices will probably decline in 2020, according to eMarketer, because of the arrival of competing streaming services like Disney Plus, HBO Max and Apple TV Plus.

“Even though Americans are spending more time watching Netflix, people’s attention will become more divided as new streamers emerge,” Ross Benes, an analyst at eMarketer, said in a blog post.

So if you don’t like “The Mandalorian,” “The Morning Show” or “Watchmen,” you won’t change the channel. You will just switch to a different app.

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Kathy Griffin announces New Year’s Eve engagement, plan for ‘after midnight’ wedding

Westlake Legal Group Kathy-Griffin Kathy Griffin announces New Year's Eve engagement, plan for 'after midnight' wedding Nate Day fox-news/person/kathy-griffin fox-news/entertainment/events/marriage fox-news/entertainment/events/couples fox-news/entertainment/celebrity-news fox-news/entertainment fox news fnc/entertainment fnc article 3ea533f1-bdb3-5d70-b2ac-89a5e7167699

By the time you read this, it appears Kathy Griffin will be married.

The comedian took to Twitter on Tuesday night, less than an hour before the arrival of 2020, to make the surprise announcement of her engagement to longtime boyfriend Randy Bick.

But the excitement didn’t stop there: Griffin, 59, also disclosed they would be tying the knot “just after midnight.”

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“Happy new year and, surprise, we’re getting married!” Griffin and Bick say in the video. “Tonight, after midnight!”

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“She said yes!” Bick exclaims.

Griffin then encouraged followers to check her feed to follow along as the ceremony takes place.

“You’re going to die when you see the officiate,” Griffin says.

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The duo then kisses before Griffin pushes her hubby-to-be away, saying, “Oh my God, pervert, I’m a virgin.”

Westlake Legal Group Kathy-Griffin Kathy Griffin announces New Year's Eve engagement, plan for 'after midnight' wedding Nate Day fox-news/person/kathy-griffin fox-news/entertainment/events/marriage fox-news/entertainment/events/couples fox-news/entertainment/celebrity-news fox-news/entertainment fox news fnc/entertainment fnc article 3ea533f1-bdb3-5d70-b2ac-89a5e7167699   Westlake Legal Group Kathy-Griffin Kathy Griffin announces New Year's Eve engagement, plan for 'after midnight' wedding Nate Day fox-news/person/kathy-griffin fox-news/entertainment/events/marriage fox-news/entertainment/events/couples fox-news/entertainment/celebrity-news fox-news/entertainment fox news fnc/entertainment fnc article 3ea533f1-bdb3-5d70-b2ac-89a5e7167699

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U.S. Troops Fire Tear Gas At Protesters Outside Embassy In Baghdad

Westlake Legal Group 5e0c6b3824000086245a4aea U.S. Troops Fire Tear Gas At Protesters Outside Embassy In Baghdad

BAGHDAD (AP) — U.S. troops fired tear gas on Wednesday to disperse pro-Iran protesters who were gathered outside the U.S. Embassy compound in Baghdad for a second day.

Dozens of pro-Iranian militiamen and their supporters had camped out at the gates of the embassy in Baghdad, where they stayed the night. On Tuesday, dozens of the protesters had broken into the compound, trashing a reception area and smashing windows in one of the worst attacks on the embassy in recent memory.

The U.S. Marines guarding the embassy fired tear gas as more crowds arrived and after the protesters lit a fire on the roof of the reception area on Wednesday. Smoke rose from the building. Protesters also firebombed a second gate, setting another fire. U.S. soldiers were seen on the roof of the main embassy building.

The breach at the embassy followed U.S. airstrikes on Sunday that killed 25 fighters of the Iran-backed militia in Iraq, the Kataeb Hezbollah. The U.S. military said the strikes were in retaliation for last week’s killing of an American contractor in a rocket attack on an Iraqi military base that the U.S. blamed on the militia.

On Tuesday, dozens of Iraqi Shiite militiamen and their supporters broke into the U.S. Embassy compound, smashing a main door and setting fire to a reception area in one of the worst attacks on the embassy in recent memory.

No U.S. casualties or evacuations were reported after the attack by dozens of Iran-supported militiamen

Iraqi security forces have made no effort to stop the protesters Tuesday as they marched to the heavily fortified Green Zone after a funeral for those killed in the U.S. airstrikes, nor did they intervene Wednesday as the protest and fire-bombing resumed.

President Donald Trump blamed Iran for the attack and Defense Secretary Mark Esper later announced the immediate deployment of an infantry battalion of about 750 soldiers from the Army’s 82nd Airborne Division at Fort Bragg, North Carolina, to the Middle East. He did not specify their destination, but a U.S. official familiar with the decision said they will go to Kuwait.

The developments represent a major downturn in Iraq-U.S. relations that could further undermine U.S. influence in the region and American troops in Iraq and weaken Washington’s hand in its pressure campaign against Iran.

Iraq has long struggled to balance its ties with the U.S. and Iran, both allies of the Iraqi government. But the government’s angry reaction to the U.S. airstrikes and its apparent decision not to prevent the protesters from reaching the embassy signaled a sharp deterioration of U.S.-Iraq relations.

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U.S. Troops Fire Tear Gas At Protesters Outside Embassy In Baghdad

Westlake Legal Group 5e0c6b3824000086245a4aea U.S. Troops Fire Tear Gas At Protesters Outside Embassy In Baghdad

BAGHDAD (AP) — U.S. troops fired tear gas on Wednesday to disperse pro-Iran protesters who were gathered outside the U.S. Embassy compound in Baghdad for a second day.

Dozens of pro-Iranian militiamen and their supporters had camped out at the gates of the embassy in Baghdad, where they stayed the night. On Tuesday, dozens of the protesters had broken into the compound, trashing a reception area and smashing windows in one of the worst attacks on the embassy in recent memory.

The U.S. Marines guarding the embassy fired tear gas as more crowds arrived and after the protesters lit a fire on the roof of the reception area on Wednesday. Smoke rose from the building. Protesters also firebombed a second gate, setting another fire. U.S. soldiers were seen on the roof of the main embassy building.

The breach at the embassy followed U.S. airstrikes on Sunday that killed 25 fighters of the Iran-backed militia in Iraq, the Kataeb Hezbollah. The U.S. military said the strikes were in retaliation for last week’s killing of an American contractor in a rocket attack on an Iraqi military base that the U.S. blamed on the militia.

On Tuesday, dozens of Iraqi Shiite militiamen and their supporters broke into the U.S. Embassy compound, smashing a main door and setting fire to a reception area in one of the worst attacks on the embassy in recent memory.

No U.S. casualties or evacuations were reported after the attack by dozens of Iran-supported militiamen

Iraqi security forces have made no effort to stop the protesters Tuesday as they marched to the heavily fortified Green Zone after a funeral for those killed in the U.S. airstrikes, nor did they intervene Wednesday as the protest and fire-bombing resumed.

President Donald Trump blamed Iran for the attack and Defense Secretary Mark Esper later announced the immediate deployment of an infantry battalion of about 750 soldiers from the Army’s 82nd Airborne Division at Fort Bragg, North Carolina, to the Middle East. He did not specify their destination, but a U.S. official familiar with the decision said they will go to Kuwait.

The developments represent a major downturn in Iraq-U.S. relations that could further undermine U.S. influence in the region and American troops in Iraq and weaken Washington’s hand in its pressure campaign against Iran.

Iraq has long struggled to balance its ties with the U.S. and Iran, both allies of the Iraqi government. But the government’s angry reaction to the U.S. airstrikes and its apparent decision not to prevent the protesters from reaching the embassy signaled a sharp deterioration of U.S.-Iraq relations.

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Anderson Cooper Can’t Stop Giggling As Cheri Oteri Revives Classic ‘SNL’ Bit

Westlake Legal Group 5e0c5f6524000086245a4ade Anderson Cooper Can’t Stop Giggling As Cheri Oteri Revives Classic ‘SNL’ Bit

Cooper noted at the start of the segment how an online petition was calling for the real Walters to repeat her iconic “This is 20/20” catchphrase at the Times Square Ball Drop. 

Oteri then arrived on screen and jumped into character as the broadcaster. “Anderson, Andrew, first let me say what an honor it is for you to have me on your New Year’s Eve special,” Oteri as Walters began.

“Second, I’m afraid retirement didn’t suit me as much as people had hoped,” she continued. “And now that I’m trending on social media with the likes of Korean boy band BTS, climate change activist Greta Thunberg, and body-positive songstress Lizzo, I’ve decided to dust off my power suit and get back in the game. It’s no longer going to be a chico’s kind of day for this gal because I can finally say with confidence, this is 2020.”

Cooper, meanwhile, doubled over in laughter, temporarily disappeared from shot and leaned on Cohen for support as he struggled to contain his giggles.

Check out the full clip here:

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Elizabeth Warren Rips ‘Fawning, Spineless’ Republicans In End-Of-Year Speech

Westlake Legal Group 5e0c596c2400009f245a4ad2 Elizabeth Warren Rips ‘Fawning, Spineless’ Republicans In End-Of-Year Speech

Sen. Elizabeth Warren (D-Mass.) used an end-of-year address to take aim at the GOP lawmakers who continue to defend President Donald Trump at all costs, describing them as “fawning” and “spineless.”

“In a few hours, the dawn of a new year will break over America, offering us a moment for pause and reflection,” the Democratic presidential candidate told supporters at an event in Boston on Tuesday. “Now, it is normally a moment for optimism. But let’s face it, this year in America has been anything but normal.”

“In the past 12 months, the president has become bolder with his lies and more brazen in his law-breaking,” Warren continued. “He has tried to squeeze a foreign government to advance his own political fortunes. Meanwhile, the Republicans in Congress have turned into fawning, spineless defenders of his crimes.”

Warren said it had “brought no one any joy” to impeach Trump over the Ukraine scandal, but said House Democrats had “upheld their sworn duty to the Constitution” in doing so. House Speaker Nancy Pelosi (D-Calif.) has so far declined to send the articles of impeachment to the Senate amid fears of Republican bias in a trial of the president.

Warren warned that “unless some Senate Republicans choose truth over politics, Donald Trump will be emboldened to try to cheat his way through yet another election.” “Our democracy hangs in the balance,” she later added.

Check out Warren’s full speech here:

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Richard Manning: Trade dominates economic agenda – 2020 won’t be all impeachment and elections

Westlake Legal Group TrumpPaRally121119 Richard Manning: Trade dominates economic agenda – 2020 won't be all impeachment and elections Richard Manning fox-news/world/world-regions/japan fox-news/world/world-regions/europe/brexit fox-news/world/world-regions/china fox-news/world/world-regions/canada fox-news/us/immigration/mexico fox-news/us/congress fox-news/person/donald-trump fox-news/opinion fox news fnc/opinion fnc de9c9b51-1426-52d4-8f5e-f8d4bcc0a8a5 article /FOX NEWS/WORLD/GLOBAL ECONOMY/Trade

Election year is here. But before we vote in November and after impeachment dominates the first few weeks of 2020, Congress and the administration will likely do battle over a number of issues to gain political favor.

One issue that is guaranteed to dominate Washington is tradePresident Trump is the most international trade-oriented president since the Cold War and his intention of remaking the global trading agenda will become a reality at least partially in 2020.

The Senate will almost certainly move forward with the passage of the Trump rewrite of NAFTA, passing the U.S.-Mexico-Canada trade agreement.

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Transformative shifts in intellectual property rights protections, curtailing currency manipulation to gain trading favor, and moving dispute resolutions to the courts of the country of origin – restoring sovereignty to each of the three nations – are key elements of the deal. About $68.2 billion is expected to be added to the U.S. economy with 176,000 new jobs created, according to a study by the International Trade Commission. This is particularly good news for autoworkers, with the White House saying that 76,000 new auto jobs will be created.

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It is also likely that Congress will be presented with and pass a new trade deal with the United Kingdom in the wake of their exit from the European Union on Jan. 31. Followed up with the already negotiated phase one of a deal with Japan, which may need congressional approval, and the possibility of a deal with the EU later in the year, trade is likely to dominate much of the D.C. calendar in 2020.

Ironically, the fast-track trade legislation pushed through Congress by those who backed the TransPacific Partnership means Trump faces a simple majority vote in both houses of Congress, with no filibuster in the Senate, as he finalizes a series of bilateral trade agreements cementing U.S. interests for decades to come.

Another certainty is that Senate Majority Leader Mitch McConnell will continue his policy of restoring balance to our nation’s judiciary. Already, in the first three years of the president’s administration, the Senate has confirmed 187 judges, more than one-fifth of the federal judiciary. And this won’t stop. There are 50 more federal judicial vacancies to be filled in 2020.

There will be much discussion of immigration, gun control and tax cuts as politicians jockey for advantage in advance of the election, but don’t expect congressional action on these fronts.

Infrastructure is always an election year bipartisan favorite. With many post-impeachment House Democrats looking for accomplishments as they careen toward a potentially hostile electorate, some form of infrastructure deal becomes possible in mid- to late spring. Whether it be a “just throw money at it” bill or the more orderly creation of a private infrastructure bank, it is possible that the current consensus that money does grow on trees will lead to an agreement on funding bridges, roads and other critical technologically and economically significant systems.

Congress may also address the dire state of our nation’s defined benefit pension plans, with a particular emphasis on private-sector union multi-employer pension funds, as well as provide additional support for the underfunded Pension Benefit Guarantee Corp., which backstops the private pension system.

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Details are not final, with competing plans in both the House and Senate, but the just passed funding bill spent $6 billion to bail out pension funds covering United Mine Workers that were effectively put underwater by the Obama administration’s war on coal, sets the stage for the debate. This precedent puts pressure on Congress to implement legislation forcing structural reforms for all multi-employer pension plans, including increased transparency for funds’ internal operations, requirements that funds only invest in transparent enterprises based upon Sarbanes-Oxley standards and rules set by the Labor Department, and a focus on returns rather than political or social welfare agendas.

There will be much discussion of immigration, gun control and tax cuts as politicians jockey for advantage in advance of the election, but don’t expect congressional action on these fronts. The one exception may be immigration, depending on how the Supreme Court rules on President Obama’s Deferred Action for Childhood Arrivals (DACA) policy. Congress may choose to enter into this thicket, with any legislation that results likely to anger all sides of the debate.

On top of it all, the Trump team will be ramping up efforts to finalize regulations by mid-April that would protect changes he has made should Democrats win back the White House and gain full control of Congress in November. These actions would ensure that the administration’s important regulatory reforms wouldn’t be washed away using the same Congressional Review Act the GOP utilized to end more than a dozen Obama regulations adopted late in 2016.

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While impeachment and the election will provide the caps for 2020, other issues could make this a generationally transformative year. And if there ends up being a Supreme Court vacancy, the confirmation fight in the Senate will make a WWE steel cage match look like an afternoon tea party.

Pay attention in 2020. There will be more than impeachment and the elections to watch.

CLICK HERE TO READ MORE BY RICHARD MANNING

Westlake Legal Group TrumpPaRally121119 Richard Manning: Trade dominates economic agenda – 2020 won't be all impeachment and elections Richard Manning fox-news/world/world-regions/japan fox-news/world/world-regions/europe/brexit fox-news/world/world-regions/china fox-news/world/world-regions/canada fox-news/us/immigration/mexico fox-news/us/congress fox-news/person/donald-trump fox-news/opinion fox news fnc/opinion fnc de9c9b51-1426-52d4-8f5e-f8d4bcc0a8a5 article /FOX NEWS/WORLD/GLOBAL ECONOMY/Trade   Westlake Legal Group TrumpPaRally121119 Richard Manning: Trade dominates economic agenda – 2020 won't be all impeachment and elections Richard Manning fox-news/world/world-regions/japan fox-news/world/world-regions/europe/brexit fox-news/world/world-regions/china fox-news/world/world-regions/canada fox-news/us/immigration/mexico fox-news/us/congress fox-news/person/donald-trump fox-news/opinion fox news fnc/opinion fnc de9c9b51-1426-52d4-8f5e-f8d4bcc0a8a5 article /FOX NEWS/WORLD/GLOBAL ECONOMY/Trade

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The decade ahead

The global investing landscape is poised to shift over the next decade, thanks to the largest U.S. generation: millennials. 

As the longest-running bull market enters its 11th year, some portfolio managers are advising clients to stay invested in stocks because a series of trends, including an aging population, smart technology and automation, should further fuel returns in coming years.

Millennials, people born between 1981 and 1996, will be approaching age 50 in 2030, while the tail end of baby boomers will reach retirement age. By 2025, millennials are projected to comprise roughly 75% of the workforce.

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Baby boomers and the so-called silent generationthat preceded them control about 77% of wealth, according to Fundstrat Global Advisors’ analysis of the most recent Federal Reserve Survey of Consumer Finances. But that is about to change. By 2030, millennials will hold five times as much wealth as they have today and are expected to inherit over $68 trillion from their predecessors, according to a study by Coldwell Banker Global Luxury.

That demographic shift, economists say, is expected to help boost U.S. economic growth and credit demand as more young adults buy big-ticket items like houses and cars. That will also reshape industries they’re closely aligned with, including technology, e-commerce and social media, they said. 

“Economic expansions don’t die of old age,” says Larry Adam, chief investment officer for the private client group at Raymond James. “But I do think it’s going to get more challenging over the next decade.”

Westlake Legal Group  The decade ahead

The 2020s won’t be all about Big Tech

High-growth technology companies including the popular FAANG stocks – Facebook, Amazon, Apple, Netflix and Google parent Alphabet – have propelled the decade long bull market. Investors, however, have now opted for beaten-down value stocks like energy and financial sectors that have underperformed the broader market in recent years.

Although tech shares aren’t expected to repeat their performance over the past decade, some experts continue to favor them over the long term because of the far-reaching impact they have on other industries.

“The technology sector continues to reinvent itself,” Adam says. “Every sector has some form of technology.”

Investors who are searching for other parts of the market to potentially deliver above-average growth in the coming years should look to stocks that have exposure to sustainable investing, digital transformation and genetic therapies, analysts at UBS said. 

Emerging markets come back in favor

Emerging market assets, which have been pummeled in recent years by fears of slowing global growth, are expected to come back in favor as  population growth rises and de-escalating trade tensions. 

Demographics are expected to be a significant driver of growth across many economies. Investors are betting on growth potential in India, as the economy is on track to overtake China as the world’s most populous country by 2027, according to the United Nations.

Meanwhile, Vietnam, one of Asia’s fastest-growing economies, has been a haven for U.S. multinationals looking to shield themselves from the U.S.-China tariff spat. 

“There’s huge growth potential in Asia,” says Rich Sega, global chief investment strategist at asset manager Conning. “The geopolitical stress in Hong Kong has opened up opportunities for other areas in the region for Vietnam, Thailand and Singapore.”

Don’t count out U.S. stocks

To be sure, economists are optimistic about domestic growth and don’t foresee a recession within the next year. Economists project a 35% chance that the U.S. economy will enter a downturn between now and the November presidential election, according to Bankrate’s Fourth-Quarter Economic Indicator survey. That’s down from 41% from the prior quarter.

Some analysts believe this economic expansion and record run still has legs.

“U.S. stocks will surprise investors,” says Thomas Lee, managing partner and head of research at Fundstrat Global Advisors. “Too many people are betting on a bounce-back in emerging markets.”

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