SUN SUNI KHABAR APRIL 3RD, 2016
Donald Trump's prediction that the U.S. economy was on the verge of a "very massive recession" hit a wall of skepticism on Sunday from economists who questioned the Republican presidential front-runner's calculations.In a wide-ranging interview with the Washington Post published on Saturday, the billionaire businessman said a combination of high unemployment and an overvalued stock market had set the stage for another economic slump. He put real unemployment above 20 percent."We're not heading for a recession, massive or minor, and the unemployment rate is not 20 percent," said Harm Bandholz, chief U.S. economist at UniCredit Research in New York.
KASHKARI TAKES ON WALL STREET FROM FARM-RICH FED REGION
From his seat atop the Fed's smallest bank, in a region known for fracking, farming and ranching, Neel Kashkari wants to make sure he's heard well beyond the northern plains.Since becoming president of the Federal Reserve Bank of Minneapolis this year, the 42-year-old Kashkari has gone on a media blitz, visiting nine major media outlets in two days and creating a Twitter hashtag to promote his view that the biggest U.S. banks should break up.On Monday, he will host a symposium at his bank in downtown Minneapolis entitled "Ending Too Big To Fail," giving fierce critics of Wall Street's behemoths a platform to present their views.
MUSLIM FAMILY SEEKS APOLOGY FROM UNITED AIRLINES
Muslim family of five, which was ordered to get down from a United Airlines flight, is seeking a formal apology from the American airliner for what they call was 'Islamophobia'.The pilot of the Washington-bound flight asked Eaman-Amy Saad Shebley, her husband and their three young children to get off the plane at Chicago O'Hare International Airport last month before taking off, citing "safety issues".
GERMAN MINISTER SAYS MIGRANT CRISIS MAY HAVE PEAKED
On the eve of the first expulsions of refugees from Greece to Turkey under a deal to slow the influx of migrants to western Europe, Germany's interior minister expressed cautious optimism that the crisis had peaked. Chancellor Angela Merkel is under pressure to slow the number of arrivals of migrants after 1.1 million people entered Germany last year, fuelling fears about integration and related costs."It is with great caution that I say the high point of the migrant crisis is behind us," Thomas de Maiziere told Germany's Tagesspeigel on Sunday.