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Billionaire John Paulson, a hedge fund manager and founder of The Paulson & Co., pointed to Kamala Harris’ proposed economic policies, saying that they would cause a panic, prompting people to sell assets and eventually cause a recession.

One of former President Donald Trump’s top fundraisers has stated that if Democratic Vice President Kamala Harris is elected president in the forthcoming presidential elections, he will withdraw his funds from the market.

Billionaire John Paulson, a hedge fund manager and the founder of The Paulson & Co., told FOX Business on Tuesday that Harris’ suggested economic policies are likely to alarm investors. Paulson, who is recognized for profitably betting against the subprime mortgage market in 2007, was asked what his next big bet will be.

“Well, I would say it very much depends on who’s in the White House and who controls Congress,” he replied. “I’d be very concerned if Harris is elected and pursues the tax plans and other economic plans that she articulated.”

Harris has stated that she intends to increase corporation tax from 21% to 28%, as well as the capital gains rate from 20% to 28%. In contrast to her suggestion, Trump has advocated extending the tax proposals he adopted during his presidency in 2017.

Paulson told FOX Business that Harris’s proposal to boost the tax on unrealised gains to 25% for persons with a net worth of $100 million or more will result in a massive sale of assets such as homes, stocks, and art.

“I think it would result in a crash in the markets and an immediate, pretty quick recession,” according to him.

Elon Musk, another staunch Trump supporter and billionaire, responded to Paulson’s statements, saying, “[Warren] Buffet is already planning for this outcome.”

The United States is nearing its presidential election on November 5, with both candidates polling close together. The contest is expected to be close, and it remains to be seen whether Paulson’s new bet will be successful.

Conflict between Israel and Iran: “The country’s air defense has successfully shot down several drones; as of right now, there are no reports of a missile attack.”

New Delhi: In the most recent tit-for-tat exchange between the two bitter enemies, Israel began an attack on Iranian territory on Friday, according to US authorities. Their decades-long shadow war has spilled over into the open and threatened to engulf the area in more violence.

Ten facts about the current Israel-Iran crisis are as follows:

1. A report from US officials, Israel struck back at Iran for its attack over the weekend, albeit the incident’s seriousness was downplayed in both countries’ media.
2. Iran’s main broadcaster stated that explosions were heard close to Isfahan, the country’s third-largest city, prompting Iran to activate its air defense system over multiple cities, according to state media.
3. The Isfahan province is home to several Iranian nuclear plants, the most prominent of which is Natanz, the hub of Iran’s uranium enrichment program. Iran’s Tasnim news agency said that nuclear facilities in Isfahan are “completely secure”
4. Iran claimed to have shot down many drones, despite some media reports claiming that missiles had been fired, saying that there had been “no missile attack for now”.
5. Iran’s space agency spokesman Hossein stated on X that multiple drones “have been successfully shot down by the country’s air defence, there are no reports of a missile attack for now.”
6. The Israeli military and government have yet to comment on the strike. The Jewish state seldom discusses particular military operations associated with Iran.
7. An announcement to airmen published on a US Federal Aviation Administration website stated that all flights were canceled out of Tehran’s Imam Khomeini International Airport.
8. According to flight paths displayed on the tracking website Flightradar24, many Emirates and Flydubai aircraft that were over Iran early on Friday made abrupt, abrupt diversions away from the area.
9. After Iran fired hundreds of missiles and drones toward Israel over the weekend, Israel had threatened to retaliate. The majority of them were thwarted.
10. Following an attack on Iran’s consulate in Damascus, which was largely attributed to Israel, followed that strike.

Read Also: Iran-Israel war LIVE Updates: Hezbollah of Lebanon attacks Israel with drones and missiles, injuring 14 soldiers. Live updates are available.

Candidates and cadre members are advised to continue promoting the idea of the “Modi ki Guarantee” rather than depending solely on the “Modi ki rally.”

When senior Bharatiya Janata Party (BJP) leaders convened behind closed doors for the party’s national executive in January of last year, Prime Minister Narendra Modi emphasized the dangers of overconfidence and complacency. He warned his party members that resting on their laurels and depending too much on his popularity to win elections would be their downfall when he laid out the schedule for the Lok Sabha elections.

The BJP, which has enjoyed considerable success in state polls over the past ten years and a strong run at the hustings since 2014, has also suffered setbacks. The most recent was in the assembly election in Telangana, which the party seemed certain to win.

An alarm was raised in 2018 by a string of defeats in the Hindi-majority states of Rajasthan, Madhya Pradesh, and Chhattisgarh as well as the by-election in Gorakhpur, Uttar Pradesh, the chief minister Yogi Adityanath’s stronghold. After a convincing victory in 2014, the cadre dropped the ball, which was largely to blame for these losses.

In 2023, the party was able to retake these states, but Modi’s popularity with the public was credited for the victory. He is the main vote-getter and campaigner for the party.

The top leadership of the party has made it clear that it will not tolerate complacency or overconfidence as it works to win 370 of the 543 Lok Sabha seats. This is especially true in states like Uttar Pradesh, Rajasthan, Gujarat, and Karnataka where the party has historically performed admirably.

With an alliance with the Janata Dal (United), the party secured 39 of the 40 seats in Bihar in 2019, 62 of the 80 seats in Uttar Pradesh, 28 of 29 in Madhya Pradesh, 24 of 25 in Rajasthan, 11 of the 14 seats in Jharkhand, 9 of 11 in Chhattisgarh, and 25 of 28 seats in Karnataka.

Senior party leaders have been urged to make sure there are no mistakes made when canvassing on the ground, despite the opinion surveys and pollsters’ predictions that the BJP and its allies will win handily. According to a leader in Rajasthan, there are continuous reminders to the workers not to slack off, even though the cadre is encouraged by the recent victory in the state elections and opinion surveys like the one by India TV-CNX, which indicates that the BJP is likely to repeat its 2019 performance in the state.

The election campaign has scheduled door-to-door campaigns, digital outreach, corner meetings, road shows, and professional development programs.

The message to candidates and cadre in Madhya Pradesh, where the recent victory in the state polls exceeded expectations, is to continue promoting the idea of “Modi ki Guarantee” rather than depending just on “Modi ki rally.”

Sourced from Ndtv news!

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