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Mark Carney: The Economist Who Took on Trump and Won

  Mark Carney, a former central banker, has emerged as Canada’s prime minister following a dramatic election that reshaped the political landscape. His victory was fueled by a surge of nationalism in response to U.S. President Donald Trump’s aggressive rhetoric and trade policies. Trump’s threats to annex Canada as the “51st state” and impose steep tariffs on Canadian goods galvanized voters, turning Carney’s Liberal Party from underdogs to champions of Canadian sovereignty. Carney’s campaign centered on defending Canada’s independence and rebuilding its economy to reduce reliance on the United States. His experience as governor of the Bank of Canada and the Bank of England lent credibility to his promises of economic resilience. In his victory speech, Carney declared, “President Trump is trying to break us so that America can own us. That will never, ever happen”. The election results marked a stunning comeback for the Liberals, who were initially projected to lose to the oppositi...
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Trump Proposes $5 Million 'Gold Cards' for Path to U.S. Citizenship

 

In a recent announcement, President Donald Trump revealed a new initiative to replace the existing EB-5 investor visa program with a $5 million "gold card" visa. This new visa would provide wealthy foreign nationals with U.S. residency and a path to citizenship.

The EB-5 program, established in 1990, allowed foreign investors to obtain green cards by investing a minimum of $1 million in a U.S. business that created or preserved at least ten jobs. However, the program has faced criticism for fraud and inefficiency. The new "gold card" visa aims to address these issues by raising the investment threshold and ensuring that applicants are thoroughly vetted.

Commerce Secretary Howard Lutnick stated that the "Trump Gold Card" would replace the EB-5 visas within two weeks. The new program is expected to attract wealthy individuals who will contribute significantly to the U.S. economy through taxes, job creation, and investment.

Trump's proposal has sparked debate, with some praising the potential economic benefits and others questioning the ethical implications of selling citizenship. The president believes that the "gold card" visa will be a successful and lucrative program, potentially selling up to 10 million cards to reduce the national deficit.

As the program rolls out, it remains to be seen how it will impact the U.S. immigration landscape and whether it will achieve the desired economic outcomes.



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