Washington Archives | foreign business

Will the riot in Washington prevent overseas financial commitment in the U.S.?

After a mob of President Donald Trump’s supporters stormed the Capitol creating on Wednesday, the incoming Biden administration bolstered its dedication to the rule of regulation.

“The rule of law is not just some lawyer’s switch of phrase. It is the very foundation of our democracy,” explained Merrick Garland, President-elect Joe Biden’s nominee for legal professional typical.

Have confidence in in a country’s rule of legislation has major implications for its economic and economic system.

In the stock sector, for example, valuations can be motivated by investor confidence in honest dealings. Josh Brown, the CEO of Ritholtz Wealth Administration, explained to Marketplace at the starting of Trump’s presidency that the rationale U.S. stocks trade at a top quality to stock markets all around the entire world is that persons know the rule of regulation is revered.

But industry experts say they never believe events like Wednesday’s disruption will be

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Biden Can’t Make Washington a Beacon for Human Rights by Returning to Business as Usual

After four years of outgoing U.S. President Donald Trump’s indifference and even hostility to human rights, the election of Joe Biden provides an opportunity for fundamental change. Trump’s disregard of human rights at home and his embrace of friendly autocrats abroad eroded U.S. credibility. Condemnations of Venezuela, Cuba, or Iran rang hollow when parallel praise was bestowed on Russia, Egypt, Saudi Arabia, or Israel.

Yet a Biden presidency is not a panacea. In recent decades, each new president has brought wild oscillations in U.S. human-rights policy. Pro-rights global leaders are now understandably asking whether they can depend on Washington.

Fortunately, many governments treated U.S. unreliability as cause for resolve rather than despair. As Trump largely abandoned human rights, other governments stepped forward. So even as China, Russia, and their allies sought to undermine the global human-rights system, a series of coalitions came to its

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