financializer news A weblog highlighting financial topics making news in the international media.

company: Private Wealth Partners Llc who had been investing in Apple Inc for a number of months, seems to be bullish on the 914.60 billion market cap company, according to MSNBC. The stock decreased 0.34% or 0.68 during the last trading session, reaching 198.78. The institutional investor held 176,868 shares of the computer manufacturing company at the end of 2019Q1, valued at 33.60M, up from 174,440 at the end of the previous reported quarter. About 47.80 million shares traded or 65.04% up from the average. AAPL has risen 1.47% since June 22, 2018 and is uptrending. Apple Inc. (news.financializer.com). As reported in the news.

company: Brown Advisory Inc who had been investing in Comcast Corp New for a number of months, seems to be bullish on the 197.71 billion market cap company, according to MSNBC. The stock decreased 0.27% or 0.12 during the last trading session, reaching 43.56. The institutional investor held 2.18 million shares of the television services company at the end of 2019Q1, valued at 87.30 million, up from 1.86 million at the end of the previous reported quarter. About 20.11M shares traded or 17.18% up from the average. It has outperformed by 27.77% the S&P500. Comcast Corporation CMCSA has risen 32.20% since June 22, 2018 and is uptrending. (news.financializer.com). As reported in the news.

credit cards: New research published this week by the website Totally Money claimed that poor exchange rates and high fees cost Britons holidaying in Europe 640m last year, including 95m lost through using debit cards abroad and 100m from credit cards, according to The Guardian. The fees for using your card abroad are often confusing and complex. Pick the wrong card to use abroad and you will probably end up spending more money than you need to. For example, with some bank cards, making lots of small purchases can end up generating a hefty bill. Meanwhile, with some banks including Nat West and HSBC, it is not unusual to be charged 9.50 for a 200 cash withdrawal from an overseas ATM. Check how much your debit and credit card charges for foreign transactions before you head off the costs are far higher than many people realise, says Andrew Hagger at financial website Money Comms. That's because some apply a foreign currency purchase fee of up to 1.25 on each transaction, which is in addition to the currency conversion fee AKA non-sterling transaction fee imposed when you buy something in anything other than pounds. (news.financializer.com). As reported in the news.

government support: About a dozen firms are thought to have made tentative approaches and the deadline could be extended if any ask for more time to draft a takeover plan, according to The Guardian. But the Guardian understands that Liberty House, previously considered among the most likely to buy British Steel, has cooled its interest after failing to secure government support, including loan guarantees to fund investment. The government's Insolvency Service, which is funding British Steel's operations while seeking a buyer, has given bidders until 30 June to make an offer for the company, whose financial failure last month put 4,500 jobs at risk. Liberty wants to convert Scunthorpe's blast furnaces, which make steel from scratch, into more cost-effective electric arc furnaces that can use recycled steel to make similar products. Government officials are understood to be unwilling to provide loan guarantees or help retrain staff who might lose their jobs, although such measures are thought to fall within state aid rules. But the plan would require a major outlay, which according to a person with knowledge of the situation would be in the low hundreds of millions . The source said there was a lack of enthusiasm in government for the steps that would be required to convert the steelworks. (news.financializer.com). As reported in the news.

hayes: He told Hayes, u201cThey have higher wages, lower unemployment, according to MSNBC. We u2019re killing it in Wisconsin. His reason The economy is supposedly booming. You want to impeach that guy u201d Hayes, of course, Democrats Must Make Trump Economy Key Issue in Democrats Must Make Trump Economy Key Issue in 2020 Democrats Must Make Trump Economy Key Issue in Republican Congressman Sean Duffy from Wisconsin, in an interview with MSNBC u2019s Chris Hayes, framed the looming prospect of Donald Trump u2019s impeachment as ridiculous. He told Hayes, u201cThey have higher wages, lower unemployment. His reason The economy is supposedly booming. (news.financializer.com). As reported in the news.

pool greenhouse: We have a pool and greenhouse, according to The Japan Times. How much would you say it's worth a student asked. An American business executive, Sakaiya wrote, once played host to a group of visiting Japanese high school students. ; I live in a 14-room house on the outskirts of Boston, he informed them. About 2 million, came the reply. In Japanese yen, that's only about 250 million. Oh, America has really become poor, the student responded. (news.financializer.com). As reported in the news.

portfolio manager: If the gathering disappoints, investors are likely in for a rough July and August as it finally becomes clear that the trade fight is likely to drag on far longer and than they had anticipated, said Sandy Villere, portfolio manager at New Orleans-based Villere & Co., in an interview, according to Market Watch. Small blink' Trump stoked expectations for the summit after tweeting on Tuesday about a very good telephone conversation with Xi and announcing plans for an extended meeting during the G-20 summit in Osaka, which begins June 28. Skeptics argue that investors, after spending May in a painful reassessment of the U.S.-China trade fight, have become complacent once again in the run-up to the gathering on expectations that the leaders will be eager to at least tone down tensions. That was credited with helping soothe fears over a protracted trade battle. It reveals that he is keen on meeting with Xi at the G-20, which China had not confirmed before the call. We see Trump's phone call to Xi as a small blink in the trade war, said Allan von Mehren, chief analyst at Danske Bank, in a note. (news.financializer.com). As reported in the news.

ubs analysts: But there's one that would be particularly bad for health stocks, according to Market Watch. The true worst case for biotech and pharma stocks would include any outcome where the Trump administration manages to implement something that is closely based on its current IPI model, analysts wrote, referring to a proposal that would tether what Medicare Part B pays for drugs to an international pricing index or benchmark. There are several possible scenarios for reform, analysts wrote in a 115-page report sent to clients Wednesday. Medicare Part B covers drugs administered to patients in doctors' offices and hospitals. But that would be a tough sell for health companies and their investors, UBS analysts said. Read I'm simply trying not to die,' says one advocate as senior Democrats reluctantly give Medicare for All' more attention Also What Medicare for All' would do to the health-care sector President Donald Trump has complained that other wealthy countries pay far less for the same drugs than the U.S. He's pushed the idea of an international pricing index in order to lower Medicare costs. (news.financializer.com). As reported in the news.

vice president: Guangzhou Seagull Kitchen and Bath Products, a manufacturer of high-end and customized bathroom facilities in southern China's Guangdong Province, expected the proportion of its exports to total sale volume down to 60 percent this year from 69 percent in 2018, according to Global Times China. The shift is not due to decline in export orders, but rapid growth in the local market, said Joe Chen, vice president of the company. Xinhua/Zhou Ziyang Caught in an uncertain trade environment where tariff hike threats are yet to be defused, Chinese firms have started to fine-tune their business plans for more predictable growth. China's rising middle class has created strong purchasing power that will support our domestic sales, said Chen. It's not realistic for our clients to shift to other countries' suppliers as the process takes at least three years because of the complex supply chain, Chen said. The United States has been the company's biggest overseas market, accounting for almost half of its exports, but Chen said the trade frictions would have limited impact on the company in the short run. (news.financializer.com). As reported in the news.

war footing: NATO diplomats deny the alliance would be on a war footing in space, but say declaring it a domain would begin a debate over whether NATO should eventually use space weapons that can shut down enemy missiles and air defenses or destroy satellites, according to The Japan Times. The decision to declare space a new frontier for defense may help convince Trump that the North Atlantic Treaty Organization can be a useful ally in deterring China's rise as a rival military power, the diplomats said. The decision, set to be taken at a Dec. 3-4 leaders summit in London that Trump is due to attend, would formally acknowledge that battles can be waged not only on land, in the air, at sea and on computer networks, but also in space. ; There's agreement that we should make space a domain and the London summit is the best place to make it official, said one senior NATO diplomat involved in the discussions, although cautioning that technical policy work was still under way. While NATO countries today own 65 percent of satellites in space, China envisions massive constellations of commercial satellites that can offer services ranging from high-speed internet for aircraft to tracking missiles and armed forces on the ground. Russia, once a strategic partner for NATO but now viewed by many allies as a hostile power, is also a force in space and is one of the few countries able to launch satellites into orbit. China is developing weapons it could use in orbit and became the first country to land on the far side of the moon last year. (news.financializer.com). As reported in the news.

market share: They could be cutting prices to win market share and emerge from the current downturn with a larger customer base, according to The Guardian. Or they could be paying their workers an inflation-busting pay rise to make up for the freezes and low pay awards that characterised the years following the financial crash. They could be stockpiling huge sums to guard against a no-deal Brexit. Some companies can indeed claim that the money has found its way into customers or workers' pockets. But the majority of listed companies have followed a different route acting as cash machines for shareholders and shovelling money into the greedy mouths of the sovereign wealth funds, money managers and desperate pension savers that own so much of the stock market. A few have kept sums aside for a rainy day, although manufacturing businesses have spent the cash stockpiling raw materials and parts more than they have bolstered their bank balances. (news.financializer.com). As reported in the news.

monday: Donaldson said she took copious notes, which the committee believes will bolster its probe into potential obstruction of justice, according to CNN. The committee issued a subpoena in May for her testimony by Monday. The testimony of Donaldson, who was chief of staff for then-White House counsel Don McGahn, has been of high interest to House Democrats given her first-hand knowledge of key events. But Donaldson's attorney and Democrats have discussed allowing her to answer written questions instead, in part because she is pregnant and lives in Alabama. She has yet to receive the written questions from the committee but will consult with the White House on which questions she can answer, the source said. Under the terms outlined, Donaldson would be required to answer questions within a week and the committee would reserve the right to bring her in for testimony after November 1, according to one of the sources. (news.financializer.com). As reported in the news.

peace: For too long the Palestinian people have been trapped in inefficient frameworks of the past, Kushner said in a statement released Saturday, according to CNN. He called the plan a vision of what is possible if there is peace. Senior White House adviser Jared Kushner will pitch the proposal during a two-day conference in Bahrain this week with international investors and foreign government officials, calling for a combination of grants, low-interest loans and private investments over 10 years -- more than half of which would be spent in the Palestinian territories, while the rest would flow to neighboring Egypt, Lebanon and Jordan. The proposal, which the White House hopes will be bankrolled primarily by wealthy Arab countries and private investors, aims to create one million new jobs in the West Bank and Gaza, double Palestinian GDP and halve the Palestinian poverty rate, two senior administration officials told CNN. Reuters first reported the details of the proposal. Instead, administration officials hope the proposal will stimulate discussion about the economic possibilities of regional peace and build pressure on Palestinians to seriously consider a peace agreement with Israel in light of the economic possibilities. But the proposal -- while specific in detailing 179 projects -- remains theoretical it includes no guaranteed economic assistance to the struggling Palestinian economy, nor any financial pledges from companies, governments or international organizations to back up the numbers, a senior administration official said. (news.financializer.com). As reported in the news.

sister track: It was the fourth horse trained by Hollendorfer to die this season at Santa Anita, according to CNN. Two other horses died at Golden Gate Field, a sister track to Santa Anita. American Currency, a 4-year-old gelding, was injured while exercising on the training track, Mike Marten with the California Horse Racing Board said. Santa Anita track owners and trainers under investigation after 29 horse deaths The action comes a day after CNN aired an investigation into horse deaths at Santa Anita and other racetracks around the country. Read More Hollendorfer also trained Battle of Midway, who died in February; Psychedelicat, who died in December; and Kochees, who died in May. This is the 30th horse death at Santa Anita since this racing season began in December. (news.financializer.com). As reported in the news.

hawk: An Iranian surface-to-air missile destroyed a US Global Hawk surveillance drone on Thursday, according to Nine News Australia. Tehran said the drone was shot down over its territory and Washington said it occurred in international airspace over the Strait of Hormuz. To improve your experience update it here News World Trump blocked Iran strike 'to spare lives'By AAP1 28pm Jun 22, 2019Facebook Tweet MailUS President Donald Trump says he aborted a military strike to retaliate for Iran's downing of an unmanned US drone because it could have killed 150 people, and signalled he is open to talks with Tehran. The incident aggravated fears of a direct military clash between the longtime foes. Trump's decision to cancel what he said was a planned attack on three sites suggests he wants a diplomatic solution to end weeks of festering tensions with Iran, which Washington accuses of a spate of attacks on oil tankers in the Gulf region. Oil futures rose more than 1% to above US65 A94 per barrel on Friday over worries about possible disruptions to crude exports from the Gulf. (news.financializer.com). As reported in the news.

test: Key key; this, according to The Independent. Value value; // check darwin test local storage exist function get Darwin State const darwin Tests if darwin Tests ! null return JSON.parse darwin Tests return null; // set darwin local storage values function set Darwin State test Name, key, value var darwin State ; if darwin State test Name ! undefined value; else const my Test State new Darwin State key, value ; darwin State test Name ; my Test State. Pointer Event window.MSPointer Event return on ; // others return off ; ; // set local storage cookie if incognito if notIE is Private is Private ; ; // AdBlock check function is AdBlocked var ad Element var isadblock ad Element ! ad Element.offset Width ad Element.offset Height true; return isadblock; // set darwin variant to ensure no variant switching function setdarwin Variant testid, variant testid ' global', variant ; // hide the pencil or the element function hide Unit testid, pencilid set Darwin State testid, 'has Closed', true ; 'u-hidden'; false ; // grab the number of times the users has seen the units and increment it by 1 function set Unit State testid, variant const darwin State get Darwin State ; var has Seen Unit 1; if && ! undefined has Seen Unit if has Seen Unit 1 set Darwin State testid, 'variant', variant ; set Darwin State testid, 'has Seen Unit', has Seen Unit ; // right now doesnt do anything much // but this can be useful if we want to define properties that cannot be changed // or seal the object in order to not delete keys. function Darwin State key, value this. Value; // get province or city according to datalayer postal code function getprovince city var pCode First Char ; if window.tgam.datalayer && && pCode First Char 1 .to Upper Case ; if pCode First Char 'V' return 'BC'; else if pCode First Char 'T' return 'AB'; else if pCode First Char 'L' pCode First Char 'M' return 'ON'; else if pCode First Char 'K' return 'OT'; else if pCode First Char 'B' return 'HF'; else if pCode First Char 'G' pCode First Char 'H' return 'QC'; else return ''; else return pCode First Char; // count the number of views for homepage, for custom units if window.location.href var count count count 15 0 count; document.cookie 'homepgfeature ' count; // schedule the test function schedule start, end var today new Date ; return new Date start today && today new Date end ; // set number of views function set Frequency pencilid if get Cookie pencilid ! true var count 1 document.cookie pencilid count ;path / ; // call apis function getapi url, compare if -1 return fetch url .then function resp return resp.json ; .then function data if return compare ; // readinghistory else if // return compare if //CEM-1014 for check return get Article data, compare ; else //CEM-1020 for check return compare ; else if var sections ; sections 0 compare 2 ; // hashID sections 1 data; // api json response if compare 3 && // CEM-1202 return get Section Article data, compare ; else // CEM-1238 return get Article data, compare ; .catch function error return error; ; else return false; // call graphiql apis function getapi graphiql url, compare if -1 return fetch url, method POST body compare 0 .then function resp return resp.json ; .then function data var output ; output 0 compare 1 ; output 1 data; document.cookie getloginsessions api JSON.stringify output ; expires new Date new return get Article data ; .catch function error return error; ; else return false; // Anonymous user profile functions function get Country object, country Code //temporary target UK if country Code 'GB' if object ! 'US' && object ! 'CA' custom Element ; if object country Code custom Element ; return; function check Country object, country Code if object country Code analytics Layer.push event click Event click Event test Id cem111 feature check Country action country Code, type test label country variant Name none segment Name none ; return; (news.financializer.com). As reported in the news.

fields: Revision work is now underway, and the ministry will further research related issues and expand reforms to create a fairer, more stable, transparent and predictable investment environment, Gao said, according to Global Times China. The negative list for market access outlines sectors, fields and businesses off-limits for investors. The new lists, one for the piloted free trade zones and one for the rest of the country, will expand the fields open to overseas investment, Gao Feng, a spokesperson with the Ministry of Commerce told a press conference. Industries, fields and businesses not on the list are open for investment to all market players. Chinese, US chief trade negotiators to communicate following presidents' instructions China announced the 2018 versions of the negative lists in December. (news.financializer.com). As reported in the news.

front altair: The saber-rattling has been getting louder since June 13, when several explosions occurred on two oil tankers, Front Altair from Norway and Kokuka Courageous from Japan, just outside the Strait of Hormuz in the Gulf of Oman, according to Deutsche Welle. That same day, the US government accused Iran of attacking the tankers with limpet mines. In the wake of that incident, the US apparently considered and then called off a retaliatory strike on short notice. Iran denies the allegations. Even then, the US and its Arab-world allies raised allegations against Iran. Already on May 12, four ships near the Strait of Hormuz reported damage from explosions. (news.financializer.com). As reported in the news.

isn t: As of Thursday, only 29.51% of retail investors were bullish, according to Market Watch. This is the sixth consecutive reading below 30%, and the sixth consecutive week with more bearish than bullish investors. There's a party on Wall Street, but investors are sulking at home. Not even during the worst of times in 2008 and 2009 did stock market bears outnumber bulls for such a long stretch. In fact, there's never before been a time in the 21st century where AAII bears outnumber bulls when the S&P 500 is at an all-time high. Unlike 2008 or 2009, the S&P 500 index SPX, -0.13% is trading around its all-time high and the Dow Jones Industrial Average DJIA, -0.13% isn't far behind. (news.financializer.com). As reported in the news.

infrastructure development: This includes a special package of financial and institutional measures to boost construction and prioritize water infrastructure, roads and student accommodation through a more efficient use of budgeted money, the president said, according to Global Times China. The government has set aside 100 billion rand about 6.9 billion US dollars for the Infrastructure Fund announced by Ramaphosa in February. Our new approach to infrastructure development is based on stronger partnerships between the public and private sectors, and with local communities, Ramaphosa said while delivering his first State of the Nation Address SONA in Parliament since his re-election in May. We are working to institutionalize the fund, which will be managed by the Development Bank of Southern Africa, with the newly configured Department of Public Works and Infrastructure playing an oversight role, Ramaphosa said, adding the government has been doing this in consultation with private investors. The president said his government will also be working to attract more inflows of investment. These reforms will improve the planning and implementation of infrastructure projects, according to Ramaphosa, with the construction sector to be provided with a much-needed boost in particular. (news.financializer.com). As reported in the news.

guardian australia: Dan Van Holst Pellekaan, the Liberal energy minister, is talking about South Australia hitting 100% net renewables by the 2030s, according to The Independent. When asked to explain what that means, he tells Guardian Australia producing more renewable energy in South Australia than we need for our own consumption and exporting the surplus . There is no talk of coal, apart from the inevitability of its displacement. But if we shift our vantage point to Adelaide, Australia's near-term energy outlook looks very different. The South Australian renewables export plan relies on a new interconnector with New South Wales. Coalition considers letting power companies buy offsets to cut emissions Read more Then we start to displace coal in NSW, he says. Van Holst Pellekaan says if the proposed interconnector is approved, there are opportunities to construct large-scale solar and wind farms in the north-east of the state, on pastoral land, adjacent to the transmission equipment. (news.financializer.com). As reported in the news.

investors: Investors commanded 11.3% of all purchases in 2018, according to Core Logic, a real estate data company responsible for the report, according to Market Watch. That's the highest level since 1999, and even dwarfs activity between 2012 and 2014, when the housing market was still mired in distress and big financial institutions with deep pockets swooped in. More homes are being bought by investors, and their purchases are concentrated among starter homes, making it even harder for first-time buyers to break in to the housing market, according to a new analysis. Read Four years, 13 million and dozens of hands How affordable housing' gets made in America For starter homes, investors account for one in five transactions, Core Logic said. Large investors' share has declined from 24.3% in 2013, the aftermath of the crisis, to 15.8% last year. What's notable about recent activity is that smaller investors, not big financial institutions, are driving the uptick. (news.financializer.com). As reported in the news.

japanese manufacturers: The Shanghai Composite SHCOMP, 0.50% rose 0.2% and the smaller-cap Shenzhen Composite 399106, 1.34% surged 0.9%. Benchmark indexes in Taiwan Y9999, 0.17% and Singapore STI, 0.21% were steady, while Indonesia JAKIDX, -0.32% stocks fell 1.2%. Australia's S&P/ASX 200 XJO, -0.55% fell 0.6%. A preliminary survey of Japanese manufacturers, the IHS Markit flash purchasing managers index showed indicators dropping, with new orders at the lowest level in three years, according to Market Watch. A soft patch for automotive demand and subdued client confidence in the wake of U.S.-China trade frictions were often cited by survey respondents, the report said. Japan's Nikkei NIK, -0.95% retreated 1% and South Korea's Kospi 180721, -0.27% slipped 0.7%. Hong Kong's Hang Seng Index HSI, -0.27% gave up 0.5% as protesters again gathered in front of government offices. Wall Street capped a broad rally for stocks Thursday by driving the S&P 500 SPX, -0.13% index to a fresh record, up 0.9% to 2,954.18, a record high. The Nasdaq COMP, -0.24% gained 0.8% to 8,051.34 and the Russell 2000 index RUT, -0.89% of smaller companies picked up 0.5% to 1,563.49. The Dow Jones Industrial Average DJIA, -0.13% also rose 0.9%, to 26,753.17. (news.financializer.com). As reported in the news.

australia: If the Coalition is to be believed, they won convincingly and now have a mandate to continue their do-nothing approach on climate and to wind back Australia's progressive tax system, according to The Guardian. If the Murdoch press is to believed, Australians voted overwhelmingly in favour of coal. Australia's federal election one month ago is no different. However, in this analysis you would miss that the Coalition has a one-seat majority. And you would also miss that in the election, Scott Morrison repeatedly chose to champion his government's renewable energy credentials - what we have is 25 billion invested in renewable energy in this country between 2018 and 2020, which is an all-time record. You would miss that their primary vote dropped. (news.financializer.com). As reported in the news.

drone attack: Trump plays down drone attack but reports say strikes were approved Donald Trump reportedly gave initial approval for the military to launch strikes on Iran in retaliation for Tehran shooting down a US drone, before pulling back at the last minute, according to The Guardian. Planes were in the air and ships were in position when word came to stand down on Thursday night, the New York Times quoted an unnamed official as saying. Good morning, I'm Mattha Busby with today's essential stories. Loose and stupid'. Trump had earlier seemed keen not to raise tensions further, suggesting that the shooting down of a US drone could have been carried out by a loose and stupid Iranian officer without authorization from Tehran. Trump set to veto Senate vote to block Saudi arms sales Facebook Twitter Pinterest Trump discusses arms sales in a meeting with the Saudi crown prince Mohammed bin Salman in the Oval Office. He also emphasized that the aircraft had been unmanned. (news.financializer.com). As reported in the news.

joe: Former Vice President Joe Biden, a Democratic candidate for president, speaks in Washington on Monday, June 17, 2019, according to MSNBC. Tom Brenner/Copyright 2019 The New York Times Joe Biden was a freshman senator, the youngest member of the august body, when he reached out to an older colleague for help on one of his early legislative proposals The courts were ordering racially segregated school districts to bus children to create more integrated classrooms, a practice Biden opposed and wanted to change. ; function 'second mobile ad' ; ; // Google Consumer Survey function var ARTICLE URL window.location.href; var CONTENT ID 'everything'; document.write '' ' x3C/scr' 'ipt ' ; ; I want you to know that I very much appreciate your help during this week's Committee meeting in attempting to bring my antibusing legislation to a vote, Biden wrote on June 30, 1977. Here's why expiration dates can be meaningless Fielding Questions Tent caterpillars, hydrangeas and a lawn killed by herbicide Brides and grooms are asking for down payments, pizza and TSA Precheck More end four-game skid with win over Liberty Green hangs on to lead at Women's PGATwins rally in extras to beat Royals Schoop sits as latest Twin to get banged up Wild add Russian playmaker, big-bodied goaltender, winger on Day 2 of NHL Draft More Topicsblue shipping up to... Colorado Reardon On to the next adventure Plain Talk Podcast Armstrong says he'd 'have a difficult time' supporting a ban on flag burning, slave reparations are a 'non-starter'Bender The last refuge of scoundrels Some Lawmakers considering a special session after PSC turned down a wind farm permit More Topicscolumnsdustin port Submit a Political Berard Janette Ann Dutchuk Bachar Donald Hagbom Donald F. Don Kaisershot Margaret arrivalsweddingsother offers parks, lakes, even a dike, for summer fun New weightlifting studio sees early successA beautiful backyard Veterans Pavilion, for those who served New Methodist church honors past, anticipates futurespecial sections Headlines30 Under 30Special Sections2018 Best Of The Western Edge Winners5 places close to home to consider for your spring vacationTV Week Weather Forecast Close Forecast Radar ; function 'top leaderboard ad' ; ; ; function 'first mobile ad' ; ; Biden's ties to segregationist senator spark campaign tension By Washington Post on Jun 20, 2019 at 9 19 p.m. The recipient of Biden's entreaty was Sen. The exchange, revealed in a series of letters, offers a new glimpse into an old relationship that erupted this week as a major controversy for Biden's presidential campaign. James Eastland, at the time a well-known segregationist who had called blacks an inferior race and once vowed to prevent blacks and whites from eating together in Washington. (news.financializer.com). As reported in the news.