Piyabutr warns Army Chief’s remarks will deepen national divide

Corporate America is adding its weight in response to the insurgency at the Capitol building on January 6, and are pulling out from any association with the Trump brand after the storming of the capitol incidentwhich economists say will have a profound medium and long-term effect on his business interests. Recently, Signature Bank closed Trump’s personal accounts and the PGA of America stopped plans to hold its 2022 championship at Mr. Trump’s New Jersey golf course.

Such a parting of ways signals the business community’s weariness in being associated with a political figure that has attracted worldwide attention and is indicative of what may happen to the Trump brand. The president’s role in the incident, confirmed by his impeachment by the House this week, has gained criticism from the Business Roundtable to the AFL-CIO labour federation.

Michael D’Antonio, the author of a Trump biography, says the capitol incident has been a game-changer for the support of extreme politics.

“Trump’s name is really an albatross. He is the most disgraced president in history. This is a person who’s synonymous with a mob attacking the US Capitol. I just think this went a step too far.”

Other experts like Tim Calkins, a marketing professor at Northwestern University’s Kellogg School of Management, say Trump’s brand will inevitably suffer long-term.

“Before his term, Trump stood for wealth, success and over-the-top luxury. Now the brand has associations with anti-government views, racism and extremism. This makes the brand fairly toxic.”

Deutsche Bank, to which Trump reportedly owes around $400 million, is also planning to stop engaging in business with him. But the president dismissed any business challenges in an October 15 televised event by saying that the $400 million he owed was “a tiny percentage of my net worth.”

It appears true that some of Trump’s properties have benefitted from his presidency as taxpayer revenue has continuously flowed into his golf courses and clubs where he stays with his family, the secret service and the White House staff.

In fact, CREW estimates that Trump’s properties took in over $100 million from more than 500 visits by the president, according to a report in September 2020. But even that business transaction has received widespread criticism as many say Trump should not have mixed politics with his personal businesses.

D’Antonio predicts that Trump may sell current assets to pay off his Deutsche Bank debt, which means there could be fewer to none Trump hotels, golf courses or towers in the next 10 years.

SOURCE: Bangkok Post

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Thailand’s nationwide Emergency Decree has been extended again, this time until the end of February. The decree gives the Thai government the ability to set policies and procedures to prevent the control the spread of Covid-19… things like restricting travel, setting up road checkpoints and introducing other restrictions without having to consult the parliament.

All the latest articles about Thailand’s Covid-19 situation are on one page HERE.

Government spokesperson Anucha Burapachaisri says it is just an extension of the decree that is currently in place that was initially set to end on January 15. The extension, adding on another 45 days, was proposed by the Centre for Covid-19 Situation Administration and approved by the Thai Cabinet this week.

The initial emergency decree was enacted in March last year and has been extended ever since.

The number of local Covid-19 infections has spiked since the outbreak at the Samut Sakhon seafood market last month, spreading to 55 of Thailand’s 77 provinces. The ‘second wave’ has stemmed from a cluster of migrant workers in the nation’s seafood industry and markets in the Gulf of Thailand coastal province, as well as cluster of infections focussed on illegal gambling dens, principally in the eastern coastal provinces and Bangkok.

Here’s a video about the new Mor Chana app which you will probably be required to use if you are travelling around Thailand at this time…

SOURCE: Pattaya News

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SOURCE: Facebook|Prachathai English

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