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Wall Street’s Bargaining With Trump Called Out by Financial Times Columnist

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Financial Times columnist Edward Luce on Wednesday called out business leaders who are not only expecting Donald Trump to win the 2024 election, but are welcoming the prospect.

In fact, Luce argues that his own newspaper made a similar mistake in the 1930s when fascist leader Benito Mussolini rose to power in Italy.

“The country has been remodelled, rather than remade, under the vigorous architecture of its illustrious prime minister, Signor Mussolini,” the paper wrote in a glowing 1933 profile of fascist Italy.

Luce writes that the business community is in danger of making the same mistake if it acquiesces to Trump yet again, and he takes a hatchet to claims made by some CEOs that Trump would never really follow through on his democracy-shredding revenge fantasies should he retake the White House.

READ MORE: Racism, fascism and cruelty: Donald Trump’s New Hampshire performance in nine quotes

“America’s system remains intact because Trump was blocked from overturning it,” he argues. “He still claims the 2020 election was stolen and is running on the promise of jailing those who helped block him — among them Biden and Mark Milley, the then chairman of the U.S. joint chiefs of staff. It is conceivable that Trump would be too chaotic to redeem that promise. On the other hand, he would claim a mandate to do so. Perhaps the courts would stop him. U.S. business would be powerless.”

Luce also notes that many business leaders have shown themselves willing to compromise on their preferences for open international trade, so long as they don’t have to fork over as much money to the government each year.

“To many corporate chiefs, less globalization is a price worth paying for lower taxes,” Luce comments. “It seems that almost anything is.”

Read the whole column here.

 

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Ethics Committee Reveals Latest Republican to Come Under Review: Report

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The House Ethics Committee has reportedly announced that U.S. Rep. Nancy Mace (R-SC) is facing a review by the Office of Congressional Conduct.

The origin of the review was not been disclosed. Under committee rules, officials are prohibited from stating whether the matter constitutes a formal investigation or identifying its underlying cause. The Committee only stated that there is a “matter regarding Representative Nancy Mace.”

“The Committee notes that the mere fact of a referral or an extension, and the mandatory disclosure of such an extension and the name of the subject of the matter, does not itself indicate that any violation has occurred, or reflect any judgment on behalf of the Committee,” the Ethics Committee statement reads. It was posted to social media by congressional journalist Jamie Dupree.

The statement also says the committee will “announce its course of action in this matter on or before March 2, 2026.”

Congresswoman Mace is currently running for governor of South Carolina.

Earlier this month Mace warned that Republicans may lose control of the House, saying they have not “done enough” and could “do a lot more” to implement President Donald Trump’s agenda, The Hill reported.

 

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Republican Vows to Block Trump’s Greenland Push

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A prominent Republican lawmaker is vowing to thwart any attempt by President Donald Trump to acquire Greenland through force or financial means.

Speaking from Copenhagen as part of a bipartisan delegation of U.S. congressional lawmakers, U.S. Senator Lisa Murkowski (R-AK), told reporters it is “an important message for the people of the Kingdom of Denmark to understand” that the United States has “three separate but equal branches” of government.

Reminding them that under the U.S. Constitution it is Congress that controls spending, Senator Murkowski, who has broken ranks and stood up to President Trump at times, said, “In Congress, we have tools at our disposal under our constitutional authority that speaks specifically to the power of the purse through appropriations.”

She noted also that “Congress has a role. Certainly, when it comes to spending authorities, the Congress has a role in basically helping to facilitate the message that comes from our constituents, to be reflected in whether it’s legislation or appropriations, or actions or measures, that can indicate, again, the will of the Congress.”

READ MORE: Trump Dangles Another Insurrection Act Threat for Minnesota

The “vast majority” of Americans do not support the acquisition of Greenland, Senator Murkowski added, noting that “some 75 percent will say we do not think that that is a good idea.”

“Greenland needs to be viewed as our ally, not as an asset,” Murkowski also told reporters.

Politico reported that U.S. Senator Chris Coons (D-DE) “also took part in the visit by House and Senate lawmakers,” and “said he would push ahead with legislation to curb Trump’s power to act unilaterally.”

He also denied President Trump’s claims that Greenland is necessary to be owned by the U.S. for national security reasons.

“Are there real, pressing threats to the security of Greenland from China and Russia?” Coons said. “No, not today.”

READ MORE: With Shutdown Looming and Crises Growing Trump Heads Off for Long Mar-a-Lago Weekend

 

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Trump Dangles Another Insurrection Act Threat for Minnesota

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Just one day after threatening to invoke the Insurrection Act in Minnesota, which would allow him to unleash domestic military forces onto American streets, President Donald Trump once again on Friday hinted he would do so while suggesting he may be “forced” to take action.

Trump targeted Governor Tim Walz and Minneapolis Mayor Jacob Frey, both Democrats, claiming they “don’t know what to do” after he deployed roughly 3,000 federal troops to the city.

“In Minnesota,” Trump wrote on Truth Social, “the Troublemakers, Agitators, and Insurrectionists are, in many cases, highly paid professionals.”

“The Governor and Mayor don’t know what to do, they have totally lost control, and our currently being rendered, USELESS! If, and when, I am forced to act, it will be solved, QUICKLY and EFFECTIVELY!”

The Guardian labeled Trump’s claims that protesters are paid as baseless.

Attorney Aaron Reichlin-Melnick wrote: “Note that the Trump admin hasn’t yet been able to produce evidence of a SINGLE ‘paid protestor.’ They’ve had total control of the FBI and the DOJ and ICE HSI and yet despite all of that, they can’t even find ONE person who they can accuse of being paid to protest.”

Separately, The Steady State, a group of over 365 former national security officials, while not referring to Trump’s remarks from Friday morning, noted that the Insurrection Act is “an extraordinary power meant for true emergencies, not a shield for unconstitutional policing. Using it to silence dissent or justify unlawful paramilitary activity at the hand of ICE undermines the rule of law.”

READ MORE: With Shutdown Looming and Crises Growing Trump Heads Off for Long Mar-a-Lago Weekend

 

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