Category: Trucking News

Trump Tax Case Should Be an Easy Supreme Court Call

(Bloomberg Opinion) -- Some observers are wondering whether the Supreme Court will let President Donald Trump keep his tax records secret. With respect to presidential prerogatives, many fundamental issues remain open. Perhaps the current court will resolve this one in his favor?That's unlikely. Whatever one's political convictions, it's hard to object, on strictly legal grounds, to a federal appeals court decision this week rejecting Trump's effort to block a subpoena issued by New York prosecutors demanding the records. In fact, the case is so simple and straightforward that it wouldn't be terribly surprising if the justices decline to consider it at all.The appeals court ruled on Monday that Trump’s accounting firm, Mazars USA LLP, must comply with a grand jury subpoena for eight years of personal and corporate financial and tax records. The court rejected Trump’s extraordinary claim that the subpoena should be enjoined because a president enjoys “temporary absolute immunity” — meaning that...

EMERGING MARKETS-Brazil real eyes worst week in a year amid domestic, trade worries

The real dropped about 1% to 4.1398 per dollar, adding to sharp declines this week after major global oil firms snubbed Brazil's biggest-ever pre-salt oil auction, with only the state-owned Petrobras and Chinese state firm CNODC awarded blocs. Adding to the downbeat mood, Brazil's Supreme Court decided on Thursday to end the mandatory imprisonment of convicted criminals after they lose their first appeal, overturning a rule that contributed to the success of Brazil's biggest corruption investigation, the so-called Car Wash operation. If and when he is released, Lula would be free to engage in politics but would not be eligible under Brazil's Clean Record law to seek elected office for eight years after his first conviction in June 2017....