This Steel Industry Giant Says It Could
Restore 10,000 Jobs in the U.S.
Updated: Dec 08, 2016 9:25 AM UTC
United States Steel could be looking at restoring up to 10,000 jobs in the United States, Chief Executive Mario Longhi told CNBC, without
providing a timeline for the additions. "I'm more than happy to bring back the employees that we were forced to lay off during the
depressing period," Longhi said in an interview on CNBC.
During his election campaign, President-elect Donald Trump emphasized his desire to renegotiate trade deals and restore jobs, while
also stressing for the next generation of production to happen in the United States, including "producing steel."
U.S. Steel (x) has cut jobs and idled plants in the country as it tried to keep a lid on costs to tackle a steep fall in steel prices due to a global surplus.
The company had about 21,000 employees in North America as of Dec. 31, down from about 28,000 in 2007.
"Market conditions will dictate if, when and how many employees we can recall," a U.S. Steel spokeswoman told Reuters on Wednesday.
The steelmaker is hoping to accelerate its investments in the U.S. in near future as improvements to regulation and tax laws would
significantly drive growth, Longhi said in the CNBC interview.Trump put forth a plan in September to simplify the tax code and slash the
corporate tax rate to 15% from 35%.
Investors have put fresh bets on steel company shares on a positive sentiment in the industry that has been fueled by the Nov. 8 election.
U.S. Steel's shares, which closed up 4.3% at $37.49 on Wednesday, have risen 79% since Trump's victory.
"I have not felt an environment of positive optimism, where forces are converging to provide for better environment in quite a while," Longhi
was quoted as saying in the interview. The steelmaker is hoping to accelerate its investments in the U.S. in near future as improvements to
regulation and tax laws would significantly drive growth, Longhi said in the CNBC interview.
Premier Valdimir Putin
Guest Of President George Bush Jr.
At Crawfordville TX
Vladimir Putin Phones Donald Trump
to Discuss Russia-US - NBC News
How Donald Trump Could Normalize Relations With Russia and ...
Nov 14, 2016 - Vladimir Putin and Donald Trump agreed to "normalize" the increasingly tense relationship between Russia
and the U.S. through trade and the "principles of equality," the Kremlin said in a statement Monday.
The Russian president and the American president-elect spoke by phone, the statement said, adding that Putin called
to again congratulate Trump and wish him "success in implementing the election agenda."
Related: Kremlin Says Russian Experts Met Trump Staff; Campaign Denies It
Trump's transition team confirmed the call, stating that the pair discussed "a range of issues, including the threats and challenges
facing the United States and Russia." The statement added that Trump "is very much looking forward to having a strong and enduring
relationship with Russia and the people of Russia."[Putin Congratulates Trump, Wants to Revive Relations]
Putin Congratulates Trump, Wants to Revive Relations 0:57
According to the Kremlin, Trump and Putin agreed on "the extremely unsatisfactory" state of relations between the two countries and said
they would work "to normalize them and bring them to the framework of constructive cooperation. Stressed was, among other things, the
importance of the creation of a stable foundation for bilateral relations by developing their trade and market component."
Citing the Russian leader, the Kremlin statement added that this new relationship will be based "on the principles of equality, mutual
respect and respective non-involvement in the other party's domestic affairs."
The statement from the Russians said that Putin and Trump agreed on combating "global enemy number one" — international terrorism and extremism.
Related: China Offers Trump 'Positive and Open Attitude Toward Cooperation'"To that end, they also discussed the Syrian settlement,"
the statement said without providing additional details.Officials are now working to arrange a personal meeting between the two leaders, the statement said.
Russia played an outsize role in the presidential campaign, with U.S. officials and cyber security experts saying they were certain state-sponsored
Russian hackers targeted Democratic National Committee email servers. During a campaign stop in Florida earlier this year, Trump publicly
asked Russia to "find" emails that he said had gone missing from Hillary Clinton's email server.
US Attorney General Jeff Sessions
Back to jail: Donald Trumps Justice Department
could continue old war on drugs policies
Obama's Justice Department was "smart on crime." Trump's will likely be "tough on crime"
Eric Tucker, Associated Press
WASHINGTON An Obama administration Justice Department that emphasized the need to be smart on crime is being replaced with a
Trump presidency that campaigned on being tough on crime. The difference between those two philosophies remains to be seen,
but one area where the divide is likely to be felt most acutely is in the thousands of drug cases the Justice Department prosecutes annually....
Sessions is expected to bring a different perspective, given President-elect Donald Trumps campaign warnings that crime in America is
out of control and his posturing as a law-and-order candidate. Since Sessions opposed legislation this year to revamp the criminal
justice system, his selection as attorney general also represents a probable setback for broader overhaul efforts that have stalled in
Congress even with the support of the Justice Department.
I think it slows down reform efforts a little bit nationally, said Inimai Chettiar, justice program director at the Brennan Center
for Justice at New York University School of Law. Even though the president doesnt necessarily have the power to change all of the
state and local laws, having a national champion was really important. Sessions adamantly opposed very moderate efforts to reform
sentencing laws, Chettiar added. Hes definitely not a mainstream conservative when it comes to the criminal justice system.
The Justice Departments drug policy is important given the sheer volume of defendants moved through the federal system. Nearly half the
Bureau of Prisons population is behind bars for drug offenses, which in fiscal year 2015 was the most common type of federal crime, with
22,631 cases, according to the U.S. Sentencing Commission. Theres been bipartisan support in recent years for proposals aimed at cutting the
prison population, but little agreement on how to do it.
The Obama administration, which three years ago unveiled a new clemency initiative, has commuted the sentence of 1,023 federal prisoners,
including 79 on Tuesday a total the White House says is more than the last 11 presidents combined. That effort, which relies on the
Justice Department for recommendations of good clemency candidates, could fall by the wayside in a new administration.