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Starbucks Boss Howard Schultz President? Here’s What We Know

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Starbucks boss Howard Schultz this week announced he was retiring and quickly signaled he was considering a run for the White House to try to topple Donald Trump.

 

 

The billionaire businessman spoke about his interest in public service and launched a searing attack on Trump’s “vitriolic” divisiveness, US trade battles against China and the Republican Party’s “reckless” budget-busting tax cuts.

“My concern [is] for the country. I think we can do much better,” Schultz said in an interview on CNBC.

“We need to do things that restore the promise of the country and our standing around the world.”

 

Image result for starbucks howard schultz cartoon

If a real estate developer and celebrity TV show host can win a presidential election, Schultz must figure he might have a chance to be promoted from the coffee house to the White House.

“President Trump has given licence to the fact that someone who is not a politician could potentially run for the presidency,” Schultz said. “I can’t be nailed down today on what I might or might not run for.”

Yet the path to the White House for a centrist business leader like Schultz appears narrow and tricky.

He is fiscally conservative and socially progressive, meaning that In today’s polarised American political environment he does not fit neatly into either major party.

Schultz, 64, is notionally a moderate Democrat.

 

Schultz’s Political History

But the boy who grew up in working class Brooklyn could struggle to win the hearts and minds of the modern party’s left-of-centre activists who have rallied around anti-business populists Bernie Sanders and Elizabeth Warren in recent years.

Indeed, Schultz himself lamented the fact that the Democrats had shifted “so far to the left” on issues such as trade protectionism and had not cut welfare or “entitlements”.

Image result for howard schultz boy

Howard Schultz started as a promising young businessman in Seattle,WA, USA

Nevertheless, he was critical of the Republican $US1.5 trillion tax cut – a position popular with Democrats.

“Corporate America did not need a 21 per cent tax [rate] when we could have done so much more for the people of the country, when 45 per cent of the people in America don’t have $US400 in the bank for a crisis,” Schultz said.

Schultz, worth $US2.8 billion according to Forbes, contrasted his business qualifications running a big public company to Trump’s control of a family empire.

“There is very big difference between someone who has run a global enterprise like myself, who has travelled to China probably more than any other CEO in the last 10 years, and who understands those issues, versus someone who has run a private company with very little fiduciary responsibilities to other shareholders.”

A philanthropist, Schultz might be able to lure Democrats on social issues such as racism and immigration.

Just before stepping down, Schultz last month closed thousands of stores for a four-hour staff training session on racial bias, after a video went viral of two African Americans being arrested at a Starbucks store in Philadelphia.

Schultz’s connections with politics go deeper than many realize.

“He always had an interest in politics and always surrounded himself” with politically minded people, one former Starbucks employee who worked closely with Schulz for close to a decade said. “But very quietly.”

In addition to some degree of familiarity with the Bush family and former President Jimmy Carter, Schultz apparently has a close relationship with the Clintons, according to one source.

Starbucks’ current president of US retail was Bill Clinton’s aide from 1997 to 2000, and Schultz emailed Hillary Clinton during the 2016 election about ways to “emotionally reach and touch the American people.” Clinton reportedly planned to appoint Schultz as her secretary of labor had she been elected president.

If Schultz were to run for office, he would most likely turn to the Clintons for advice, according to one former employee.

“If President Clinton said he should run for office, he would do it,” the ex-corporate employee said.

 

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Trump Comments on Stock Market’s latest drop – says it’s ‘peanuts’

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Trump says Tuesday’s market drop is ‘peanuts’

President Donald Trump played down the stock market’s losses on Tuesday as “peanuts” when compared with the importance of striking a good deal with China and the gains since his election.

The Dow Jones Industrial Average “was about 16,000 or 15,000 and now it’s almost at 30,000,” Trump said at the NATO summit in London. “It’s going to be at 30,000.”

“If the stock market goes up or down — I don’t watch the stock market. I watch jobs. Jobs are what I watch,” he added. Today’s move is “peanuts compared to — we have picked up record numbers so that’s OK. That’s the way I feel.”

The major stock indexes slid Tuesday after Trump said he thinks it would be a good idea to delay signing a trade deal with China after the 2020 presidential election. The Dow Jones Industrial Average fell more than 450 points at its lows on Tuesday, led lower by trade-vulnerable AppleCaterpillar and 3M.

“In some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now, and we will see whether or not the deal is going to be right,” Trump told reporters before U.S. markets opened Tuesday. When asked if he had a deal deadline, he added: “I have no deadline, no. … In some ways, I think it is better to wait until after the election if you want to know the truth.”

Despite his assurances that he doesn’t watch the market’s daily moves, Trump often tweets within hours of when the U.S. equity market reaches an all-time high. He has tweeted the keyword “stock market” 107 times since his inauguration

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11 kids quotes we’re all feeling

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Ok so there’s always that time when you just wish so bad you could straight up say whats on your mind, but you know you really shouldn’t, so you don’t. Well leave it up to kids to say exactly what you’re feeling, no hesitation or regret. Check out these kids quotes that say everything you wish you could!

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THIS IS A WHOLE (FOOD) MOOD.

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More good reads

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Saturday savagery (submitted anonymously) #savage

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Why do kids say the darndest things? Comment with your favorite!

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How to become a better businessman in 6 steps; Priceless advice from Entrepreneurs

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Become a better businessman in 6 steps following this priceless advice from accomplished entrepreneurs.

  1. “Do something you’re very passionate about, and don’t try to chase what is the hot passion of the day.”

    Jeff Bezos accentuates having passion for what you are doing, because if you don’t love it you are much more likely to give up. It’s hard to take an idea and turn it into reality, especially by yourself or when people whom you respect tell you it can’t be done. The passion and love you give to your project will determine it’s success rate over time.

    Jeff Bezos Become a better businessman

  2. “Don’t let people who you may respect and who you believe know what they are talking about tell you that it can’t be done.”

    Pierre Omidyar continues to say that often they will tell you it can’t be done and that’s only because they don’t have the courage to try it.

    Pierre Omidyar become a better businessman

  3. “If you know exactly who you want to be, you need to spend as much time [as possible] with people that are actually that already.”


    This advice from Gary Vaynerchuk is actually priceless when it comes to success in the business world. Think as well “It’s not what you know but who you know,” and surround yourself with people you look up to. Human’s adapt to their surroundings quickly, and soon you won’t just want to be an entrepreneur, you will also know how to act like one.

    Gary Vaynerchuk

  4. “Come up with 10 new ideas every day.”


    Coming up with at least 10 new ideas every day will keep your “idea muscle” in shape, which is critical for an entrepreneur in order to keep going and stay ahead of the fast paced business world. James Altucher continues to say that once you’ve done this for about 6 months you will be an idea machine. New ideas keep passionate projects alive and ensure growth in every direction.

    Read Next: Working for yourself; Pros and Cons

    James Altucher become a better businessman

  5. Realize that, “naturally, nobody is interested in your ideas. You have to persuade them, and you have to show them that you are the one person out there that can do it.”



    Robert Greene, an American author known for his books on strategy, also says that “no one is really going to help you or give you direction.” Realizing this sooner than others will give you a head start and the ability to stop looking for recognition in others. Instead, you can focus on your passion project and make it perfect, and the world will not be able to ignore it.


    Robert Greene


    More about ‘Mastery’ by Robert Greene

  6. “Don’t think about ‘how do I get big fast.’ That will happen if you build something meaningful and important.”




    How to encourage teamwork in your organisation


    Danae Ringelmann’s advice is not something to skip. If you rush your ideas or your product you will be relying on luck more than anything to create success for you. While luck is certainly involved in alot of things, relying on it or betting on it to ‘get big fast’ doesn’t help you become a better businessman. Being proud of what you create, instilling passion into your work, and working hard will ensure success more than anything.


    danae ringelmann

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