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Home Accounting

Trump signs funding measure, averts shutdown, AP sources say

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December 28, 2020
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Trump signs funding measure, averts shutdown, AP sources say
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The Guardian

As the White House changes hands, so will Fox News’ support of the presidency

After 4 years of slavishly selling the president and White Home, rightwing media will flip an abrupt about-faceWhen Joe Biden is sworn in as president on 20 January, cable information viewers could witness one of the vital dramatic 180-degree turns in historical past.After 4 years of slavishly selling the president, Fox Information is anticipated to pump on the brakes inside seconds of the inauguration ceremony.Rapidly, the particular person within the White Home isn’t a Republican. Greater than that, the community can now not depend on the willingness of the president or his aides to name into Fox Information any time of the day or evening.The rightwing TV channel, and its large identify hosts Tucker Carlson and Sean Hannity, will spend the subsequent 4 years because the social gathering of the opposition. The community has achieved this earlier than, after all – the eight years of Barack Obama’s presidency weren’t that way back – however Biden presents a special problem.“In fact we are able to anticipate it to be relentlessly adverse, nevertheless it’s a problem on some ranges, as a result of he’s a 78-year-old white man, pretty reasonable historical past,” stated Heather Hendershot, a professor of movie and media at MIT who research conservative and rightwing media.“Up to now they attacked Hillary Clinton very onerous not solely as a result of she was liberal, however clearly there was some underlying sexism and misogyny there – and clearly the truth that Barack Obama was African American was central to rightwing assaults on him, both implicitly or explicitly, together with on Fox Information.”That’s to not say Biden’s authorities will escape assault, even when he dodges the worst.Kamala Harris would be the first Black vice-president, and will change into a goal for Fox Information’ hosts. If Democrats win the 2 Senate runoff elections in Georgia, the Senate might be break up 50-50, and Harris will solid the deciding vote.“[If that happens] she’s going to be on the market entrance and middle as a tie-breaker in Congress over and over,” Hendershot stated.“And each time that occurs that may be a technique to tangentially assault Biden – it provides [Fox News and other rightwing outlets] a type of ‘purple meat’ to assault Kamala Harris, as a result of she is each a lady and an individual of shade.”Biden claims he has nominated “essentially the most numerous cupboard anybody in American historical past has ever introduced”, with Janet Yellen set to be the primary lady to be secretary of the Treasury, whereas Lloyd Austin, if confirmed, poised to change into the primary Black defence secretary.Pete Buttigieg, an occasional Fox Information visitor, is about to be the primary overtly homosexual cupboard secretary as head of transport.Fox Information has already been attacking one other numerous set of Democrats: Alexandria Ocasio-Cortez, Ilhan Omar, and different feminine, non-white members of Congress.Matthew Gertz, senior fellow at Media Issues for America, a media watchdog, stated that’s a theme that has continued to dominate, even since Biden turned the president-elect.“Quite a lot of what we’re seeing proper now’s much less of a deal with Joe Biden himself and extra of this concept that he’ll someway be a puppet for different figures that they discover simpler to assault – whether or not that’s Kamala Harris, or Bernie Sanders, or Alexandria Ocasio-Cortez,” Gertz stated.“That’s an angle they pursued fairly a bit through the marketing campaign, and it’s one thing they’ve targeted on through the transition as nicely.”Fox Information has been credited with serving to to gasoline the expansion of the Tea Occasion motion in 2010, which was the preliminary automobile for fringe rightwingers to achieve better affect within the Republican social gathering.The assault of the US consulate in Benghazi in 2012 turned a long-running story on Fox Information, even because the administration was cleared – by a Republican-controlled Home committee – of any wrongdoing.“We’ve seen to some extent how it will play out. Trying again at 2009, 2010, the early years of the Obama administration featured numerous extremely overheated and conspiracy-minded Fox Information commentary. I feel that’s prone to be an space that they’re joyful to return to,” Gertz stated.“It should possible be a supply for the scandalmongering that we noticed through the Obama administration – mainly a return to Benghazi protection, the place the community takes a information occasion and spends months and months and years and years poring over it, and telling their viewers that the Democratic administration is the supply of horrific actions.”Clearly, a swap from supporting one president to opposing the subsequent isn’t unprecedented.The extra liberal cable information networks could have skilled one thing comparable when Trump was elected in 2016 – though CNN and MSNBC had been by no means the identical quasi-propaganda outfits for Obama as Fox Information has been for Trump.Nonetheless, the extra liberal information organizations skilled a spike in recognition, and a lift to viewing figures, after Trump received.MSNBC and CNN noticed double-digit development in viewing figures after Trump received, whereas the Atlantic, the New Yorker and ProPublica all noticed a lift in readers. Fox Information declined to remark, however a spokeswoman pointed to Nielsen rankings exhibiting the community is constantly the most-watched cable information channel.Hendershot stated Fox Information may see the same profit to its extra left-leaning rivals as soon as it’s in opposition to the White Home.“Politicized media, whether or not magazines or opinion, smaller ones just like the [left-leaning] Nation or the [conservative] Nationwide Evaluation, or bigger ones like Fox Information, they have an inclination to financially prosper the extra oppositional they’re,” Hendershot stated.“They must improve their oppositionality, by advantage of the truth that Biden is president – and on the identical time they’ll have their cake and eat it too, in that they don’t lose Trump as a narrative as a result of he’ll proceed to advertise himself, inaccurately, as the true president in exile.”“So they might do very nicely financially and politically, as a result of they can’t solely assault Biden, they’ll swing very onerous at Kamala Harris, they usually can even hold working the Trump story, making an attempt to fulfill that base, as a result of Trump isn’t going to go away.”



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Finance is a term for matters regarding the management, creation, and study of money and investments. Finance can be broadly divided into three categories, public finance, corporate finance, and personal finance. There are many other specific categories, such as behavioral finance, which seeks to identify the cognitive (e.g., emotional, social, and psychological) reasons behind financial decisions.

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