What Is Commercial Combined Insurance Policy

In case you are looking for a single policy that can cater a complex security especially for your business then, a commercial combined insurance is the one right for you. The reason behind this is that the policy puts together a broad coverage of insurances into a single package. This may contain the following insurances: policy covering your building, stock items, delivery vans, and employers accountability.

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The Government’s Take on Crypto Trading and Currency

A known misconception with regards to blockchain realm is that, it is just purely about technology – nothing more, nothing less. The systems begin and finish with human interactions. In cryptocurrency environment, this phrase is totally understandable but the true challenge is making others mindful about this technology and existence. At the same time, the fact that it is not solely based on cryptography as well as algorithms.

Though there are those who use the best crypto trading bots online to increase digital currency, still part of the process is to educate others about it.

Back in the early days of cryptocurrency, it is noticeable that one critical concern to be addressed is bringing it in front of government regulators.

Unless this does not get government’s attention, blockchain technology will be kept in the dark.

We had to become part of this discussion in order to educate such individuals. After all, they are the ones who have the power in stifling innovation and regulating crypto out of existence.

Data Management, Privacy and Security

There’s no entity that’s more concentrated on how data and security is handled than the government and its branches. The main objective of the government is to assist its people which are the very reason why there are laws. These laws are designed and thought thoroughly to enforce the proper handling, storage and collection of data. But of course, no process and system is perfect.

Government’s Sentiment and Motivation

Before, blockchain technology and cryptocurrency was decentralized. Meaning, there’s no specific regulating body that is handling it. Those were truly the tough times as companies ought to navigate through a minefield where government entities are trying to keep tabs with the regulations and rules that were no near applicable to the industry.

These days, there are of course some difficulties associated in crypto environment. However, since there are regulations being formed, these challenges are more manageable to handle and overtake. So to assure that the regulators can get it right, some of the pioneers are fighting hard to have a seat at the table along with traditional currency.

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New Tariffs Imposed By the US President

Donald Trump, the president of the United States says that his protectionist trade policies boosted economic growth. However, his opposition and critics say otherwise – stating that there’s handful evidence that is supporting this claim.

US President Donald Trump has threatened over the weekend in re-escalating the trade war with China. This is by means of increasing the tariffs on almost all imported products coming from the said country. He has implied as well that this move isn’t going to hurt the US economy and had said that the tariffs that were imposed are partially responsible for greater economic results.

Going Strong?

According to advisers of the US president, it has expanded the argument saying that there has been a 3.2% growth in economy. An increase in the first quarter of this year – this includes a positive contribution from the exports, which serve as proof that the hard-line trade policies of the president are truly helping the US economy to grow. Well this has been felt by many citizens in the state by being able to qualify for Laina and buy the house of their dreams.

Well technically speaking, the secretary is correct:

The net exports have added to growth in first three months as per the preliminary number the Commerce Department had released.

On the other hand, this doesn’t automatically indicate that the tariffs are indeed bolstering the economy. The fact that Donald Trump as well as his team believe otherwise can be a smart and tactical negotiation with China – this can give credence to the notion that they are ready to escalate trade war further in the event that their demands have not been met.

However, claiming to have a strong economy can also undermine Trump’s position and set up the economy and even the financial markets for unpleasant surprise in case that his bluff is called.

The Explanation

To calculate the size of US economy, the GDP is deceivingly simple. It’s combining multiple metrics in economy including:

  • Business Investment
  • Consumer Spending and;
  • Government Spending

At the same time, these factors difference between the value of what’s being imported and exported by the United States.

And for over 4 decades, the difference has mostly negative. This is because America has bought more foreign services and goods than what it sold. Simply speaking, their imports have exceeded exports. Meaning to say, America’s GDP was lower due to the trade.

Politics

U.S. Vice Pres. Pence Sees Mexico Tariff Kicking Off On June 10, 2019, Not Unless…

After meeting with the Mexican envoys to discuss solutions for averting the dreaded 5% – 25% tariffs that the U.S. will impose on goods imported from Mexico, U.S. Vice President Mike Pence said the tariffs are likely to kick off as announced on Monday, June 10, 2019. Not unless the delegation headed by Mexico Foreign Secretary Marcelo Ebrard returns to the negotiation table with an acceptance of Trump’s demand for a “safe third country” agreement and of the “Migrant Protection Protocol.”

However, instead of accepting those conditions laid out to them last Wednesday, the Mexico envoys returned with a promise to deploy around 6,000 of the Mexico’s National Guards to the country’s southern border with Guatemala. The purpose of which is to cut off the flow of Central American migrants whose advancements to the US – Mexico south border has led to even sharper increases during the recent past months.

According to V.P. Pence, Mexico’s non-acceptance of the aforementioned conditions, is for the U.S. president to decide. Pence though, hinted that negotiation talks will continue.

Trump views the Thursday negotiations as having made “a lot of progress”, and is expressing determination to impose the initial 5% Mexico tariff on June 10, 2019 (Monday.) Yet, he is also dropping hints that are not short of dangling possibilities of foregoing the tariffs altogether. That is, if Mexico fully accepts the “safe third country” agreement and the “Migrant Protection Protocol.”

When asked by reporters about those specific demands, Mexico Foreign Secretary Ebrard avoided the question, but commented that the meeting on Friday could be one of the last sessions in the negotiation talks. Other Mexican officials said that they will agree to solutions in curbing the flow of asylum seekers, but only if such solutions are dignified, as well as effective.

What Exactly is the “Safe Third Country” Agreement?

Under a “Safe Third Country” covenant, a country agrees to grant asylum to refugees if that country has jurisdiction on the territory on which the refugees first set foot or landed. If this agreement is accepted by Mexico, the country automatically becomes responsible in granting the refugees asylum, as well as in preventing them from pushing forward should they prefer the U.S. as their place of asylum.

As it is, the government of Mexico is hardly in a position to take in hordes of refugees, in light of the country’s own economic conditions. In fact Mexico President Andres Manuel Lopez Obrador had slashed down the country’s immigration and refugee budget for 2019. According to reports, Mexico’s refugee agency is practically receiving less than $1 million for the year.

Canada, the only country with which the U.S. maintains a “Safe Third Country” agreement is currently seeking to end the pact, as Canadian official no longer regard the U.S. as a safe third country. .

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Ecommerce is Driving World’s Economy

With the unstoppable development and growth of electronic commerce or as we simply known as eCommerce, many companies and even regular folks have started to join the bandwagon. Now, they are beginning to reap all the benefits that this industry has to offer. However, it will require proper training and knowledge to get the results you were expecting. This is exactly what you will get when you check out Hustle Life.

The Life and Blood of an Economy

The most basic and common transactions in any country’s economy is none other than the buy and sell of goods. Believe it or not, it keeps on undergoing changes which serves a massive impact on various companies and the way they are doing business.

Quite simply, eCommerce has changed the timing, practice and technology of B2B and B2C commerce.

In reality, it has impacted how products are priced, its availability, transport patterns as well as consumer behaviors, especially in well-developed economies.

Steady growth in B2B eCommerce has also altered the profit and cost scene for companies in a global scale. At a microscopic level, the growth of various B2B eCommerce brought significant reduction in transaction cost while improving supply chain management and reducing costs both for domestic and global sourcing. On a macro level on the other hand, the continuous growth of B2B eCommerce puts a downward pressure on the economy’s inflation while being able to increase profit margins, business competitiveness and productivity.

2x Growth for Business to Consumers

Using eCommerce for retail, it is undoubtedly become the quickest growing trade sector. Additionally, it has outpaced virtually every other manufacturing and trade sector since 1999. This is when the US Census Bureau began to collect and publish data on eCommerce.

Few years later, that figure grows to more or less 2% and by 2008, it had grown to 3.6%. By the end of 4th quarter of 2010, it takes another step in the ladder and reached 4.4% of the total retail sales in the US. In dollars, retail revenue from eCommerce stands at around 165 billion dollars.

eCommerce is Setting its own Demand Patterns

As world’s technology is constantly innovated, it made eCommerce and globalization more intertwined. The sellers and buyers increase their connectivity and speed to which they do sales transactions. And this plays a great influence especially in recent turmoil in supply chain networks and financial markets. It’s because of the simple reason that as the sales transaction is sped up, it delivers positive effect in correcting the market and economy as a whole.

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Importance of Investing at an Early Age: How and Where to Invest

“Often greater risk is involved in postponement than in making a wrong decision.”

-Harry A. Hopf

The most crucial thing to a young professional or those who are just starting to save money is investing at an early age. What Harry A. Hopf simply wants to say is that the earlier for you to start investing through WOT Asia, the better or the higher the profit. Global Oil Market Investment  will bring your investment to the next level because the best management firms will be handling your money in order to have a higher return of investment. 

That being said, there is low risk because your money is in the right hands. However, the problem is that younger people tend to oversee the need to save money for retirement. It basically not that significant. Hence, it is important to educate the younger generation. f you are reading this and you are new to investment, then you must keep on reading.

When you are investing, you must understand that what you are actually doing is either purchasing a very small portion of the company or a commodity with the hope that the company will increase its sales years from now or the commodity will grow overtime.

Where Should I Invest Money

When it comes to investing money, you have plenty of options to choose from:

1. Stock Market– this is probably the most popular option when it comes to investing your money. It works by buying a small portion of the company hoping that it will make more profit. When the company profits, you will be given a part of that profit based on how much your bought. Basically when the value of of the money grows over time so is the price of your share.

2. Investment Bonds– when you buy a bond, then you are loaning money either from the company or the government. How you will gain from this is when the company or the government pay you interest on the loan. Compare to stocks, bonds are less risky. However, since it is less risky, the the return of your investment is lower as well.

3. Mutual Funds- for those who are just beginners when it comes to investments, this is what most of them are purchasing. It enables you to buy multiple of stocks in one purchase. In this way,your stocks in a mutual fund are typically chosen and managed by a mutual fund manager.

 

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Reason for Hiring a Tax Preparation Service

The time when you must file tax returns is undoubtedly the most difficult and challenging time of your life. The chaos and stress is doubled especially if you are an organization or business. Fortunately, there is a solution to steer of complex filing by hiring Tucson tax preparation services. Such service providers have already handled countless of tax applications for the past several years. Thus, they are in a position of ensuring a smooth and hassle-free service.

No Liked the Process

Let’s face the fact that it is a burden for businesses, organizations or companies to collate, compile and assess their financial transactions in filing the necessary returns for their business and keep its existence.

Leaders, heads and CEOs of these companies are very much aware of the potential consequences when filing inaccurate returns for themselves, their company and their employee.

Basically, it’s a huge financial setback waiting to happen.

This is how crucial and integral proper and accurate tax preparation is. After all, this is the way how government guarantees that there’s credibility and clarity on your finances.

And allow me to share couple of different scenarios if you fail to file your income tax for a given year.

Number 1. In cases where the discrepancy, omission or error was made without intentions to evade taxes, the responsible party might face Income Tax Act which is:

  • Face a penalty of roughly 200 percent of amount of tax undercharged
  • Pay fine of up to 5,000 dollars and/or;
  • Be imprisoned for 36 months or 3 years

Number 2. In cases where discrepancy, omission or error was made with an intention to evade taxes, then the following consequences are applied:

  • Face a penalty of roughly 400 percent of amount of tax undercharged
  • Pay fine of up to 50,000 dollars and/or;
  • Be imprisoned for 60 months or 5 years

How to Prevent Unnecessary Consequences?

Please follow handful of tips below to make sure that you can accurately file your tax returns and avoid these consequences.

Keep a copy or the original receipts – all receipts are vital to have credible and transparent financial report. You may assign someone from your accounting department or team to monitor any financial transactions that your business makes in real-time.

Read articles and magazines related to business – in-depth and broad knowledge in marketing and finance goes a long way. It sets as your cornerstone in learning the best practices for tax preparation.

These might be simple things but failure to do it correctly can put a massive hole on your accounts and reputation.

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Worst Case Scenarios if a Country Failed to Competently Manage its Economics and Finance

For an economy to thrive, grow and have continuous development, it needs to have one crucial aspect, which is none other than strong fiscal outlook. This will serve as its foundation in everything it seeks. Putting the nation on sustainable fiscal route generates positive environment for prosperity and opportunity which is then followed by growth.

Ask any economists, strong fiscal foundation creates a positive chain reaction to the nation by having

  • Increased capital
  • More resources to be used for future private and public investments
  • Stronger safety net and;
  • Improved business and consumer confidence

On the other hand, failing to do otherwise will yield to consequences.

Not being able to address long term fiscal challenges weaken economic environment.

This is due to the reason that it compromise confidence, reduces capital access, deteriorate the potentials for growth and the nation as a whole will be at greater risks of facing economic crisis.

Assuming that long term fiscal imbalance won’t be addressed, then expect that future economy will eventually diminish with fewer opportunities among families and individuals and not to mention, less flexibility to react to national problems in the future.

Imminent Consequences of Incompetent National Financial Management

By this time now, you may still not feel the gravity of the situation that this might have caused. So let me shed you some light by discussing a couple ramifications of a growing national debt.

Number 1. Reduced Public Investment

As our federal debt keeps increasing, the government keeps spending more of its budget on cost of interest, which was supposedly be used on funding public investments.

Number 2. Reduced Private Investment

Federal borrowing will compete for funds in capital markets of the nation. Thereby, this raises the interests as well as crowd out new investment in structures and equipment needed by the business. Entrepreneurs that provide services such as payday loans and whatnot are facing higher capital to keep their business afloat.

At one point or the other, investors will start doubting the ability of the government to repay debt and possibly demand higher interests. If such happens, it raises the cost of borrowing for both households and businesses.

Politics

Accounts of Crypto-Funded Political Campaigns

On May of 2018, Colorado State Secretary Wayne Williams suggested a new political movement financing rules that now include a portion of the cryptocurrency content.

In May 2014, FEC presented a set of regulations that responded to a survey of a super PAC called “Make Your Laws.” The entity advocates to replace representative democracy with a comprehensive liquid democracy and asks for clarification if BTC donations can be accepted to finance political campaigns. During that time, Bitcoin was valued at about $400, and the altcoin was not actually regarded as an accepted means of financing campaigns. The FEC decided that Bitcoin can be accepted as an “in-kind donation” for campaigns. A kind of contribution that supplies the services and goods necessary for the organization’s functions, instead of using the funds to pay for those services and goods.

This means that the campaign cannot pay Bitcoin directly. It should be liquidated and then deposited into the campaign account. In terms of the donation ceiling, the percentage is dispersed throughout the party lines where the Democrats use a limit of $100, the Republicans at $2700 ceiling. Since the advisory opinion outlines recommendations rather than rules, GOP support for a larger cap had later inspired some politicians to allow themselves to go with the $2,700 limit. As the advisory watch laid out the suggestions instead of the guidelines, the Republican support for the larger limit afterward encouraged some political figures to let themselves take the $2,700 cap.

Given the somewhat uncertain federal rules, several state regulators had been struggling with related investigations after the distribution of the FEC regulation.

Politicians Who Advocated Crypto-Funded Campaigns

Below are a few of the most compelling American politicians at the state and federal levels who were transparent on their acceptance of crypto funds.

  • Andrew Hemingway. Hemingway is a Republican candidate for the Governor of New Hampshire in 2014. He is the first in the office who has used cryptocurrency donations during his campaign.
  • Austin Petersen. Petersen is from Missouri, a Republican candidate running for the Senate. He supports cryptocurrency based on his pro-market ideas.
  • Brian Forde. Forde is set to become the political digital currency star. A Democrat seeking to be elected in the U.S. House representing California 45th Congressional District. He previously worked at MIT Media Lab as the head of digital currency. He also had been tech adviser under the administration of Obama.
  • Dan Elder. Elder, Libertarian bidding for the House of Representatives for Missouri in 2016. He held the first campaign to be financed all by Bitcoin.

Other politicians who advocate cryptocurrency during their campaign includes Jared Polis, Greg Abbott, Patrick Nelson, and Rand Paul. Politics is full of inertia and devotedness to the status quo. Therefore, there is no doubt that cryptocurrency for political finance is not even close to popular taking.

Politics

World Leaders Responded to Climate Change via Paris Agreement

Back in 2015, over 196 nations have taken part on a common cause and made a historical agreement. Collectively, they’ve made a vow to do their best efforts in cutting greenhouse gas emissions and pour research and development in discovering other sources of clean energy. This is in an effort to combat climate change.

Whether you believe it or not, USA is one of the leading polluters in the globe. Given the fact that they’re one of the major contributors to climate change, they have heavily supported the historic pact termed as Paris Agreement. This was under former US President Barack Obama’s administration.

The Start of a New World

The agreement was then adopted on the 12th of December 2015 at the UN climate summit in Paris France. This has the aim of limiting warming of planet to below 2 degrees Celsius while aiming to reach 1.5 degrees Celsius by the start of 2100. Being part of the pact, countries were expected to lower its emission of greenhouse gases. The US set a personal goal for itself by facilitating 26 to 28 percent reduction of 2005 greenhouse gas emission levels as 2025 enters. It is actually a big leap and a time-sensitive task as well.

According to an analysis from Nature Climate Change, it has been discovered that we need to stop emitting greenhouse gases by up to 2060 in an effort to keep the warming below the 1.5 degrees Celsius threshold by 2100.

As a matter of fact, this effort has affected the world as a whole for various companies and industries have started the shift on more efficient industrial production. From crypto signals, market trends, etc. are affected by this agreement.

In 2016 of November, the agreement takes effect and required a minimum of 55 countries which account almost half of global emissions to be on board. To date, 179 countries or parties out of the 196 signatories has been accepted or ratified. There are only couple of nations in UN Framework Convention on Climate Change or UNFCCC whose leaders have refused signing the agreement and these are Nicaragua and Syria.

Then All of a Sudden…

But come Trump’s administration, the President made an announcement in 2017 becoming the third country not to be included in this global pact. Though one of the largest contributors of greenhouse gases, they’re the first nation to ever rescind in its commitment to the pact.

Politics

Trump Vetoes Resolution to End U.S. Support of Arab Coalition Forces vs. Iran-Backed Houthi Movement in Yemen

U.S. President Donald Trump sent back to Congress without Executive Approval, the joint resolution passed by Senate last March 13, 2019 under S.J. 7. The joint resolution bars Trump as the Commander-in-Chief of the U.S. Armed Forces from approving further provision of military assistance, to the Saudi-backed Arab Coalition Forces waging war against the Iran-backed Houthi movement in Yemen.

In a letter addressed to the United States Senate, Donald Trump asserts that the resolution is unnecessary, since there are no U.S. military personnel in-charge or participating in the ongoing hostilities in Yemen. Yet he also stated that the resolution presents a

”dangerous attempt to weaken his constitutional authorities.”

S.J. 7: An Unprecedented Bill in the History of U.S. Congress

S.J. 7 of the 116th Congress is a resolution that puts an end to U.S. military support for the Arab-backed coalition forces that intervened in Yemen’s affairs since 2015. The intervention aims to restore Yemen’s internationally recognized government, taken over by the Iran-aligned Houthi. The resolution includes barring arms sales and sharing of intelligence.

Senator Bernie Sanders of Vermont, calls the joint resolution historic, because this is the first time in 45 years that Congress has taken measures to stop U.S. forces from participating in an unauthorized war. Senator Sanders, a long-serving independent from Vermont who later sided with the Democrats said,

”For many years, under Democratic presidents, under Republican presidents, Congress has abdicated its responsibility and allowed presidents to take our people into war without congressional authority,”

Although it is true that there are no U.S. military personnel actively taking part in the long running civil war in Yemen, the U.S. has been refuelling Arab Coalition aircrafts blamed for airstrikes that have killed thousands of Yemen civilians.

Last December 2018, Timothy Lenderking, Trump Administration’s Deputy Asst. Sec. for Arabian Gulf Affairs gave assurance to the United Arab Emirates in a security forum, by stating

“We (Trump Administration) believe that the support for the coalition is necessary. It sends a wrong message if we discontinue our support.”

Still, after Congress passed S.J.  7 last month, the U.S. military has ceased refueling Arab Coalition aircrafts.

Investments

Source of Foreign Investments in New Zealand

While 12% of Foreign Investments in New Zealand is accounted to Financials allowing easy land purchase and extending financial help such as easy loans to the average working class of the country, 18% of Foreign investments had been accounted to Energy, power, and utilities.

The top three largest foreign investors in New Zealand is reported to be the United States, Canada, and Australia. Following the top three are China and Singapore (report has sourced from Overseas Investment Office analysis). A report on overseas direct investment also said that Canterbury, Southland, and Otago regions made up 49 % of most freehold land agreed to within the Overseas Investment Act.

Generally, the overseas direct financial commitment in New Zealand had been accounted for as follows; the United States and Canada 17 % and 15 % respectively, Australia 12 %, China 9 %, and Singapore 8 %.

— New Zealand Herald

The strong economic growth in New Zealand proves to go stronger compared to its neighboring countries. And because of this, New Zealand continues to be an attractive investment to many overseas investors all over the world. Research shows a growing number of foreign investors spread throughout varied sectors in the country.

Top Foreign Investments Per Sectors

Three sectors come strong in the interest of investors which are utilities, real estate, and food. And even there’s a surmounting amount of over $3.4 billion in investment in agriculture, it has not made to the top 10 sectors that were openly disclosed to the public.

Asian investors in New Zealand usually focused on agribusiness, food, and waste management. Investors from the United States and Australia have a broader approach, making their investments in a broader approach. The top 10 largest investments account for only 33% of the total overseas investment of $26.3 billion. It had been noted that the largest single transaction totaled to $1.3 Billion which had been listed under a Hong Kong investment company but reported to be a Singaporean owned company.

To this date, New Zealand remains to be open to foreign investors. The country partnering with “quality” overseas investors provides a chance for New Zealand to expand and to be more competitive on a global scale.

The ideal sort of foreign financial commitment is when overseas investors are adding capital into local entities (New Zealand-owned businesses) rather than deals between foreign businesses.

The United States had been the most significant acquirer of parcels of land in the real estate sector within a three year period, from 2013 to 2015. It had been accounted to have contributed 40 % in New Zealand’s total foreign investments. Forestry deals had been the most sizeable factor in the numbers provided in the statistical analysis report of New Zealand’s overall foreign investments.

Politics

Amazon HQ 2 Plans Move Forward: Arlington and Nashville In, New York City Out

Tech giant Amazon pursues expansion plans in Arlington, Virginia and Nashville, Tennessee, whilst scrapping New York City out of the picture.

Nashville was actually chosen in 2018 as a minor player, while New York City was scrapped after much hullabaloo was raised by local grassroots organizations, several New York state politicians and local NY City council members. The subject of protest  was the near $3 billion tax incentive offered to Amazon by the city government, as part of the Request for Proposal submitted to Amazon.

Amazon’s Original Choices

After more than a year of evaluating the proposals submitted by 238 cities, which included Toronto, Canada, the company chose the proposal submitted by the cities of New York and Arlington. The plan was to build 2 additional headquarters instead of building just one (1), whilst dividing the 50,000 new technology-related jobs between the 2 selected cities. The new employees can expect to receive salaries of more than $100K annually.

Actually, the benefits the cities will reap in having the tech giant as new addition to their landscape go beyond the creation of new jobs. According to the tech company, surveys showed that 70 percent (70%) of NYC residents supported Amazon’s decision to accept the NY proposal.

However, the company decided last February 2019 not to move forward with the NY HQ plans, as there are groups unwilling to work with them in connection with the project envisioned for the Long Island City.

Amazon’s new plan though will add only 5,000 new tech jobs to Nashville, the city being ranked Number 45 nationwide as a tech talent resource. Nonetheless, the tech giant plans to construct a 2-tower headquarter at the Nashville Yardsite. The additional office will be instrumental in growing Amazon’s technology hubs and corporate offices in in the U.S. and Canada, as means of easing the current load carried by the existing Seattle headquarter.

Plans for Amazon Expansion in Arlington, Virginia Still on the Table

On its part, the city of Arlington’s proposal includes an offer to give Amazon a $750 million in financial package, which the Virginia General Assembly had already approved with very few resistance. The package is actually more of a performance-based incentive, to which the local government will award financial grants.

That is if Amazon succeeds in meeting Arlington’s expectations once the tech giant builds its 2nd headquarter across the six (6) million sq.ft. space at the National Landing.

Politics

Democrats All Set to Stop Trump in His National Emergency Track, by Using All Possible Means

Many are looking to Congress for actions that would overturn Trump’s national emergency declaration last February 15, 2019. Finally, an announcement coming from the Lower House has been released, stating that House Democrats are set to file a resolution on Friday, aimed at overturning Trump’s national emergency declaration. NY Democrat and Senate Minority Leader Charles Schumer also said

Identical companion legislation to the House resolution will soon be introduced in the Senate”

How the Democrat Resolution will Run in Congress

If filing of the resolution pushes through on Friday, full house voting is likely to take place as early as next week or by the middle of March, 2019. If the bill passes muster at the lower house, it will then move up for deliberation and voting by the Senate. Since the measure will be introduced as a “privileged resolution,” the Senate will have to vote on the House-approved bill within eighteen (18) days.

House Speaker Nancy Pelosi is confident that the bill will move swiftly from the lower house to the Senate and finally to the Oval Office. Her confidence stems from the fact that some lower House and Senate Republicans will side with the Democrats. Republicans who won from perennial swing districts and states; namely Colorado, Florida, Iowa, Michigan, Minnesota, Ohio, Nevada, New Hampshire, North Carolina, Pennsylvania, Virginia, and Wisconsin are in a precarious situation. Apparently, how those GOP Senators will vote on the proposed bill, can impact their chances of winning in the forthcoming 2020 elections.

In the event that Trump vetoes a Congressional resolution that will block the implementation of his national emergency declaration, which is likely to happen, Congress will again go into voting to nullify the presidential veto. This time, a bill overriding the veto must garner at least two-thirds vote in the lower house, and another two-thirds in the Senate upper chamber.

What Happens Next if the Democrat Resolution Fails?

House Speaker Pelosi and Senate Minority Leader Schumer avow that they intend to pursue all possible means to overturn Trump’s declaration. That is assuming that Trump’s presidential veto prevails due to lack of Congressional support in overriding such veto.

The next step available is for the Democrats to a file lawsuit in the same way that 16 American states have already pursued as course of action. Their court petition is to prevent Trump from using military and homeland security funds allocated for their respective state. Many believe that the Democrats have better chances of stopping Trump from his track, by filing their own lawsuit.

Apparently, the Republicans had set a precedent in 2014, when their lawsuit versus the Obama administration, won the support of the district court judge. The matter brought to court pertained to an attempt by the Obama administration to use funds already allocated for other purposes, to subsidize health insurance under the Affordable Care Act. This previous ruling therefore, applies as helpful argument in contesting Trump in his use of his national emergency powers, as means of diverting military funds to his US border wall project.

Politics

What May Happen if Congress Maintains Its NO Border-Wall Appropriation

Trump’s agreement to bring the U.S. government in full operation is only temporary and conditional, giving Senate up to February 15, 2019 to decide on his request for a $5.7 billion border-wall funding. What will happen, if after February 15, 2019, Trump fails to get the funding?

Upon signing the short-term funding bill, Trump still made it clear that his border-wall funding request stays on the negotiations table. If not, he will be constrained to initiate another partial government shutdown or declare a State of National Emergency. This means that if another partial shutdown happens, around 800,000 government workers will once again be without paychecks, while several badly needed government services will be suspended anew.

Now what will happen if Trump decides to use his executive power to declare a State of National Emergency?

Trump’s State of National Emergency Alternative

A U.S. President is empowered to declare a State of National Emergency under the provisions of the National Emergencies Act (NEA 50 U.S.C 1601). According to CNN, the White House is currently updating the proclamation draft that was previously prepared. The draft presents courses of action, in case Trump decides to invoke the power vested by the NEA 50 U.S.C 1601, as alternative.

The proclamation draft will have Trump declaring that

a national emergency exists at the southern border of the United States….. The massive amount of aliens who unlawfully enter the United States each day is a direct threat to the safety and security of our nation and constitutes a national emergency

CNN further reported that if the incumbent U.S. President uses his NEA power to obtain the border-wall funding, the related emergency actions that will be undertaken include extracting sums of budget appropriations, from the following:

National Treasury – $681 million in Forfeiture Funds
Military – $3.6 billion of construction budget
Pentagon – $3 billion in civil works funds
Department of Homeland Security $200 million in unspecified funds

Still, the NEA alternative is not a foolproof course of action, because the amended version of the Act has formally given Congress the power to exercise check-balance; along with the power to invalidate the national emergency proclamation, if found unwarranted.

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