TIME Starbucks

Friends Of Starbucks’ CEO Want Him to Run Against Hillary

Starbucks Holds Annual Shareholders Meeting
Stephen Brashear—Getty Images Starbucks Chairman and CEO Howard Schultz.

Better latte than never for Schultz

Hillary Clinton is still the presumptive favorite to become the Democratic nominee for the U.S. presidency. But high-powered friends of Starbucks’ CEO Howard Schultz are reportedly eager to anoint him as a challenger to Clinton.

The 62-year-old CEO has been urged by supporters to join the Democratic primary, with friends “thinking the time is right for someone who’s not a political lifer,” according to Maureen Dowd’s latest New York Times column. The idea, Dowd postulates, could “be a tempting proposition” for Schultz, and offers a worthy party back-up to Clinton should something unforeseen happen to her candidacy.

It would mark a shift for Schultz if he does enter the presidential ring. In an interview with Time in February, Schultz was adamant that he would not run for President in 2016: “I don’t think that is a solution. I don’t think it ends well,” he said in the story. He threw a cautious endorsement of Clinton, saying he was content to “see what Hillary does.”

Schultz has long been vocal about the role of government and its failure in addressing the nation’s pressing issues. In 2013, Schultz started a Starbucks-led petition to end the government shutdown, and delivered more than 2 million signatures to the White House in their “Come Together” campaign. While promoting his book For Love of Country, Schultz talked about the lack of leadership from the U.S. government and politicians: “The country is longing for leadership and for truth with a capital T,” he told Dowd in a New York Times story.

It was a message he repeated at Starbuck’s Investor’s Day meeting last December.

“The country is definitely not going in the right direction. There is a significant void of leadership in America and around the world,” he said in one report. “I strongly believe that businesses and business leaders have a significant responsibility to do all we can to bring our people along with us and share our significant success … and not wait for Washington because the void of leadership is getting bigger and bigger.”

If he does run, Schultz will be handed the difficult task of defeating Clinton. In the latest numbers by RCP, around 58% of those polled would choose Clinton as the Democratic nominee for President, three times more than runner-up Bernie Sanders.

TIME China

What Is Happening to China’s Stock Market?

Here's what to know

After climbing by 150% in the last year, China’s stock market has taken a tumultuous turn. The market has fallen by 30% over the past month, sparking worries amongst investors across the globe.

What happened to the Chinese stock market, and how did it take such a steep plunge? Watch the video above to find out.

TIME 2016 Election

Republicans Brace for Biggest Week Yet in Presidential Race

A debate that could winnow the field is just part of a critical campaign stretch

For months, the 2016 Republican presidential field has mushroomed to include an almost-unheard-of 17 candidates. This week, the field could finally start to narrow

The top 10 candidates based on national polling will gather in Cleveland on Thursday for the first prime time, nationally-televised debate of the campaign. In a public spectacle millions of Americans are likely to tune in to Fox News for, the 10 will lay out their cases, zing their opponents, fall prey to gaffes—and try to avoid getting sucked into The Donald Trump show.

The seven candidates whose polling numbers are too minuscule for the main event will participate in an undercard event on Fox several hours earlier, playing to a much smaller audience. And while it’s unlikely any candidates will actually drop out this week, those who don’t make the cut will be flirting with anonymity and eventual defeat.

 

“You know, I’ll be very happy on Tuesday when the standings come out and I’m in there,” New Jersey Gov. Chris Christie, who is on the cusp of missing the cut for the premier debate, said Sunday on CNN’s State of the Union. “Once you get on the stage, it’s not going to matter if you’re No. 1, No. 5 or No. 10. … I’m confident I’ll be there on Thursday night.”

In addition to the debate, 14 of the 17 GOP contenders will speak one at a time Monday night in Manchester, N.H., for a candidate forum that will be broadcast live on CSPAN and in three early-voting states. And on Friday and Saturday in Atlanta, 10 candidates are set to meet for the annual RedState gathering hosted by the influential conservative website.

The GOP debates are as much a pitfall to stumble over as they are an opportunity to shine. In November of 2011, then-Texas Gov. Rick Perry famously forgot the name of the third agency he would eliminate as president, saying only “oops”—a moment that dominated the news cycle and was largely responsible for his eventual defeat in the primary. A strong performance by Mitt Romney in his second debate against President Obama in October 2012 briefly helped boost his momentum and tighten the race with the incumbent Democrat.

This year, the Fox News rules for participating in the debate make it an extremely close contest to be on the national stage. An average of the last five polls show seven of the top 10 candidates—including Ben Carson, Kentucky Sen. Rand Paul, former Arkansas Gov. Mike Huckabee, Florida Sen. Marco Rubio, Texas Sen. Ted Cruz, New Jersey Gov. Chris Christie and Ohio Gov. John Kasich—within about three percentage points of one another.

The candidates who miss the top-tier debate will be relegated to a smaller forum that will be broadcast earlier in the evening. Those who could be in the undercard event include Perry, Louisiana Gov. Bobby Jindal, former Pennsylvania Sen. Rick Santorum, former Hewlett-Packard CEO Carly Fiorina, and former New York Gov. George Pataki, who are all polling at about 3% or less nationally among Republicans.

With the ever-provocative Donald Trump leading the Republican field and set to be center-stage in the GOP debate, candidates are scrambling to prepare to face the real estate mogul and take a bite out of his support. Strategists are divided over the best way to approach Trump, and whether they should attack him or try to stay above the fray.

“I’m not a debater, I’ve never debated before,” Trump said Sunday on NBC’s Meet the Press. “I guess my whole life has been a debate in one way but I’ve never been on a stage debating.”

Reince Priebus, the Republican National Committee Chairman, has come under fire about the rules for entering the first debate, but he’s defended the guidelines—which were set by Fox News, not the party—and pointed to the fact that there are basically two debates.

“All seventeen candidates,” Priebus said on Meet the Press, “are going to be participating in debate night. So everyone’s going to have an opportunity, and I think that’s wonderful for our party.”

TIME Donald Trump

Donald Trump’s Companies Tried to Import at Least 1,100 Foreign Workers

EOS 5D Mark III Republican Presidential candidate Donald Trump.

Presidential candidate said he would create and project American jobs

Companies owned by GOP frontrunner Donald Trump have sought at least 1,100 foreign worker visas since 2000—a practice that stands in stark contrast to Trump’s self-portrayal as a presidential candidate who would create and project American jobs.

A Reuters’ analysis of Department of Labor data shows that nine Trump-majority-owned companies have applied to bring waitresses, cooks, vineyard workers, and other laborers into the country on foreign worker visas. Most of the visa applications have gained approval, Reuters says. Palm Beach, Fla., resort Mar-a-Lago Club has sought the most foreign workers of the nine Trump-owned businesses. It has submitted applications for 787 workers since 2006. This month, it sought to bring in 70 foreign workers to work as maids, cooks, and servers on H-2B workers later this year

The visas the Trump companies have relied on the most—H-2B—is a subset of the H-2 visa program that covers nonagricultural foreign workers. (H-2A visas are for farm workers.) The H-2 program is often criticized for leaving workers vulnerable to employer abuses. Last month, a Buzzfeed investigation portrayed the system as one that—at times—fosters modern-day slavery.

Trump has failed to outline a specific economic agenda, but in announcing his candidacy in June, the contender for the Republican presidential nomination said that he “will be the greatest jobs president that God every created. I will bring back our jobs from China, Mexico and other places. I will bring back jobs and our money,” Trump said.

He has since come under fire for lashing out at Mexican immigrants: “When Mexico sends its people, they’re not sending their best,” he said in the speech. “They’re bringing drugs. They’re bringing crime. They’re rapists.” (He later specified that “legal” Mexicans are “incredible people” and have worked for his companies for years.) A poll released Monday found that of 250 Latinos surveyed, 75% viewed the television star and real estate mogul unfavorably.

Labor data doesn’t specify the country of origin for recipients of H-2B visas, but Reuters says that a large number of the foreign workers employed by Trump companies through H-2B visas could be Mexican, since in 2013 more than 80% of the more than 100,000 workers admitted to the U.S. on H-2B visas were from Mexico.

TIME ted cruz

Watch Ted Cruz Cook Bacon With a Gun

The GOP senator demonstrates how to cook breakfast Texas-style

Ted Cruz prefers a Texas-style method of cooking bacon.

In a new video posted on IJReview, the Lone Star State senator and GOP presidential candidates demonstrates how to prepare breakfast by wrapping strips of bacon around the muzzle of a gun and firing.

Cruz looks like a pretty good shot, but the bacon doesn’t appear particularly crispy. Perhaps he can spare a few bucks from that campaign war chest he keeps bragging about and pick up a cast-iron skillet.

TIME Congress

Amy Schumer and Senator Schumer Call for More Gun Control

amy schumer charles schumer
Don Arnold—Getty Images, Chip Somodevilla—Getty Images Amy Schumer arrives at the Trainwreck Australian premiere at Event Cinemas, George Street on July 20, 2015 in Sydney. Sen. Chuck Schumer (D-NY) delivers remarks at the U.S. Capitol Visitors Center on July 21, 2015 in Washington, DC.

The senator and stand-up comedian are teaming up to call for tighter gun control

NEW YORKStand-up comedian and actress Amy Schumer is teaming up with New York Sen. Charles Schumer to call for tighter gun control.

She will join the senator Monday as he unveils a three-part plan that would make it harder for violent criminals and the mentally ill to obtain guns.

They cited the recent shooting in a Louisiana movie theater that killed two women and injured nine others during a screening of the movie “Trainwreck” starring Amy Schumer.

Amy Schumer is the senator’s cousin.

The senator’s legislation would create monetary rewards for states that submit all necessary records into the background check system and penalize states that do not. He also will call on Congress to preserve mental health funding and substance abuse programs.

TIME Environment

The Winners and Losers Under Obama’s New Climate Change Plan

The new regulations should boost renewable energy production, but may raise your power bill

WASHINGTON — President Barack Obama is mandating even steeper greenhouse gas cuts from U.S. power plants than previously expected, while granting states more time and broader options to comply.

The tweaks to Obama’s unprecedented emissions limits on power plants, to be unveiled at the White House on Monday, aim to address a bevy of concerns raised by both environmentalist and the energy industry in more than 4 million public comments received by the Environmental Protection Agency.

Opponents plan to sue to stop the rule, and on Monday, the National Mining Association wrote the EPA a letter requesting that the agency put the rule on hold while the legal challenges play out. If the EPA refuses, industry groups plan to ask the courts to take that step instead.

Some of the changes Obama is making in the final version of the plan go even further in cutting the heat-trapping gases blamed for global warming. Other changes delay implementation and eliminate certain options that states could use to show they’re cutting emissions, making it harder to comply.

All states are eagerly awaiting word of changes to the individual emissions reduction targets that Washington is assigning each state. Some states will be given a more lenient target than they were assigned under the proposed version, while others will have tougher targets to meet. The Obama administration has yet to disclose those state-specific targets.

A look at potential winners and losers in Obama’s final plan:

WINNERS

— ENVIRONMENTALISTS

To the delight of environmental groups, Obama tightened the emissions requirements in his final plan. That means power plants will have to attain an even lower level of carbon dioxide pollution to be in compliance. Obama’s proposal from last year set the target as a 30 percent nationwide cut by 2030, compared to the levels in 2005. His revamped plan calls for a 32 percent cut in the same time period.

Left unchanged is Obama’s overall goal for U.S. emissions cuts from all sources of pollution, including cars and trucks. As the U.S. commitment to a major global climate treaty that Obama is championing, the U.S. committed to cutting its emissions 26 percent to 28 percent by 2030, compared to 2005.

— PROCRASTINATING STATES

Many of the complaints directed at Obama’s plan over the last year centered on the amount of time states would have to figure out how to meet their targets. Plans for how states will comply are technically due next year, but there’s no penalty to asking for a two-year extension, so most states are expected to delay. Under the earlier plan, the rock-bottom deadline was 2017, but that’s being pushed back to 2018.

And while states previously had until 2020 to achieve their targets, they’ll now have an extra two years — until 2022.

— RENEWABLE ENERGY

Obama’s revised plan relies more heavily on renewable energy sources like wind and solar replacing dirtier coal-fired power plants. Obama now wants the U.S. to get 28 percent of its power from renewables by 2030, compared to 22 percent in his earlier proposal.

In a new element, the administration now intends to offer pollution credits to states that drive up renewable energy generation in 2020 and 2021 ahead of the compliance deadline. States that invest early in wind and solar can store away those credits to offset pollution emitted after the compliance period starts in 2022.

LOSERS

— YOUR POWER BILL

Although the administration predicts the plan will actually lower the average U.S. energy bill by almost $85 in 2030, companies that produce and distribute electricity aren’t buying it. The savings come from increased use of wind, power and hydro plants, which operate at a cost of close to zero after they’re installed. But acquiring and constructing renewable power sources is still very costly, making it less cost effective in many circumstances.

The National Association of Manufacturers, the American Coalition for Clean Coal Electricity, the National Mining Association, the American Energy Alliance and the National Rural Electric Cooperative Association all predicted the rule would drive electricity bills up.

— NATURAL GAS

The earlier version of Obama’s plan sought to accelerate the ongoing shift from coal-fired power to natural gas, which emits far less carbon dioxide. But the final rule aims to keep the share of natural gas in the nation’s power mix the same as it is now.

EPA Administrator Gina McCarthy said government estimates show renewable energy has ticked upward even since the rule was proposed last year, but that natural gas remained an important part of the U.S. energy mix.

— ENERGY EFFICIENCY

Under the revamped plan, state energy efficiency efforts are no longer factored into the individualized reduction targets being assigned to each state. In other words, what states are already doing to reduce energy demand won’t be included in their baseline the way that other measures, like replacing coal plants with cleaner sources, will be. That means some states could face more stringent targets despite their efforts in the past to cut down on electricity use.

But states will still be able to get credit for energy efficiency programs when it comes to meeting their targets in 2022. The revised power plant rule also offers polluting credits to states that deploy energy efficiency programs in poorer communities.

TIME 2016 Election

Donald Trump Widely Disliked Among Latinos, New Poll Shows

Trump has claimed in the past to have a broad support in the Latino community

A large majority of Latinos view Republican presidential candidate Donald Trump negatively, according to a new poll, and more than half believe his recent comments about Mexican immigrants were racist and inappropriate.

Trump, who is leading the Republican field in polls ahead of the first debate this week, has drawn both headlines and scorn for his incendiary comments about Mexicans and immigrants, saying during his announcement speech in June that Mexico is “sending people that have lots of problems… They are bringing crime. They’re rapists.”

A survey of 250 Latinos found that 75% view the television star and real estate mogul unfavorably, and 61% say their view of him is “very negative,” according to the NBC News/Wall Street Journal/Telemundo poll results. More than half, or 55% of Latinos, said his remarks about Mexicans are “insulting and racist and have no place in a campaign for president.”

Trump has claimed in the past to have a broad support in the Latino community.

“I think I’ll win the Hispanic vote,” Trump said during a campaign stop near the Mexican border in late July. “Over the years, thousands and thousands of Hispanics have worked for me and now work for me and the relationship is very good.”

Of those surveyed, 69% said Trump is hurting the Republican Party’s image, a concern that many in the GOP’s leadership share.

TIME Morning Must Reads

Morning Must Reads: Aug. 3

Capitol
Mark Wilson—Getty Images The early morning sun rises behind the US Capitol Building in Washington, DC.

President Obama is unveiling a new climate change plan to limit power plant emissions today that is already becoming the subject of controversy on the 2016 campaign trail. Hillary Clinton quickly endorsed the rule, as Republicans lined up to oppose it. In Dana Point, California, this weekend, five GOP presidential contenders gathered to pitch themselves to the Koch Brothers’ political network, including hundreds of well-heeled donors. And though he wasn’t invited, GOP front-runner Donald Trump still loomed large over the event, as candidates struggle with his rise in the polls.

In advance of this week’s GOP debate, 14 candidates will take questions tonight at a New Hampshire Union Leader Forum. A series of new polls released in the next 34 hours will determine who makes the cut in Cleveland on Thursday, as Republican candidates complete a blitz of Fox News and other nationwide media in hopes of getting their poll numbers up.

And amid reports he is now leaning toward running, aides said Vice President Joe Biden is still considering a 2016 bid. But a decision is not expected for more than a month and the VP has personally sent few signals either way about his intentions. Should he get in, he would instantly claim about 15 percent of the Democratic vote, according to recent polling, but his path to topple Clinton remains unknown.

Here are your must-reads:

Uninvited Donald Trump Crashes Koch Retreat in Spirit
His shadow looms large over donor retreat, TIME’s Philip Elliott reports

The Left’s Quest to Create Hundreds of Elizabeth Warrens
TIME’s Sam Frizell reports on progressives eyeing down-ticket races

As Joe Biden Resumes Official Work, So Does Talk About a 2016 Run
No decisions yet [Los Angeles Times]

Obama’s New Climate-Change Regulations to Alter, Challenge Industry
Already a divisive 2016 issue [Wall Street Journal]

Sound Off

“If people don’t like it, that’s just tough luck.” — Former Florida Gov. Jeb Bush on his record fundraising haul

“Quite a few members of this field have attacked Donald Trump. A lot of folks in the media have asked me ‘Ted Cruz, will you do the same?’ I have been glad to praise Donald Trump for speaking out boldly and brashly and for focusing on illegal immigration.” — Texas Sen. Ted Cruz

Bits and Bites

Ted Cruz Says Climate-Change Fears Falsified by Scientists and Politicians [TIME]

Hillary Clinton Praises Mother in First TV Ads of 2016 [TIME]

Iowans to Chris Christie: Take It to Donald Trump [Des Moines Register]

Scott Walker Still Isn’t Sure If President Obama Is Christian [TIME]

Hillary Clinton Releases Eight Years of Tax Returns [TIME]

Jeb Bush’s Camp Sees an Upside to Donald Trump’s Surge in the G.O.P. [New York Times]

Doctor: Hillary Clinton In ‘Excellent’ Physical Condition [TIME]

Sen. Graham Moved Up in Air Force Reserve Ranks Despite Light Duties [Washington Post]

Bush Rolls Out Six-PointPplan to Address Border Security, Illegal Immigration [WMUR]

Obama Had a $3 Golf Bet with House Democrats. Guess Who Won. [Washington Post]

RNC Set to Vote on Anti-Gay Resolutions at Summer Meeting [Washington Blade]

John McCain in New Hampshire: ‘Lindsey Graham, He’s My Man!’ [Washington Post]

TIME Donald Trump

Uninvited Donald Trump Crashes Koch Retreat in Spirit

The Donald was not invited. That doesn't mean he wasn't still a player at ultra-donor summit.

The Republican Party’s continuing struggle to deal with the political rise of Donald Trump to the top of presidential polls played out this weekend in front of 450 of the top conservative donors in the country.

With varying degrees of trepidation and admiration, Trump’s rivals for the 2016 Republican nomination faced questions about a palatable frustration within the electorate. Donors and reporters both asked: How can the party tap into that passion without necessarily putting Trump on the ballot? How does the party keep the Trump supporters involved if he flames out, as expected? And have Trump’s remarks on immigration undone the work these donors support through the political network supported by billionaires Charles and David Koch?

None of the answers are clear and it might take months for Trump’s impact on the race to be fully appreciated. His rivals, however, do not have that luxury of time. Trump is expected to be on the debate stage Thursday when the contenders meet for the campaign’s first date.

The answers from the candidates offer a hint at how the GOP coalition views Trump’s potency.

Texas Sen. Ted Cruz heaped praise on his rival for the GOP nomination. Wisconsin Gov. Scott Walker credited the real estate mogul and reality star with tapping into the frustration many conservatives have with Republican leaders in Washington. Sen. Marco Rubio lent his voice to those saying Trump’s frustrations are not imagined.

At the same time, former Hewlett-Packard CEO Carly Fiorina agreed that Americans were frustrated, but added that they are also wise enough to consider Trump’s challenges in winning a national election. And former Florida Gov. Jeb Bush, Trump’s most credible rival for GOP frontrunner, said fixing immigration’s system requires more than incendiary speeches.

“There are people running for president—one particularly—that is tapping into people’s anger. I get the anger. But we need a constructive plan,” Bush said on Sunday. Left unsaid was the fact that Trump used Bush’s Mexican-American wife as a reason to vote against him.

Republicans have tried to address Trump and his improbably position atop the field in fits and starts. Trump roared into the race with an announcement speech that called immigrants in the country illegally rapists and criminals. He has shown no sign of softening his blunt broadsides against demographics, his rivals and Washington. That has led to plenty of handwringing, especially among establishment-minded conservatives who are aghast that the loud-mouthed businessman is deflating the prospects of more traditional candidates.

Criticizing Trump is seldom a painless affair. Trump often returns political fire with a disproportionate volley, and such exchanges only buoy his hopes among anti-establishment crowds.

As five rivals met with Charles and David Koch at a luxury hotel in Dana Point, California, Trump was on Twitter: “I wish good luck to all of the Republican candidates that traveled to California to beg for money etc. from the Koch Brothers. Puppets?”

Cruz was forgiving. “Quite a few members of this field have attacked Donald Trump,” Cruz said. “I have been glad to praise Donald Trump.” Cruz is hoping that some of Trump’s supporters now will turn into Cruz supporters down the road. It’s why Cruz has adopted some of Trump’s rabble-rousing. “If you think things are going great in Washington … I ain’t your guy,” he told Koch-backing donors.

Asked about Trump, who has criticized Walker’s tenure in Wisconsin as a disaster, tried to avoid any further engagement with the New Yorker. “It’s not just about Mr. Trump,” Walker said Saturday. Instead, he tried to cast Trump’s rise as a symptom of Americans’ frustration with Washington writ large.

Rubio, too, pointed to discontent among voters. “Clearly, he has hit on a theme people are frustrated by,” Rubio said Sunday when asked about Trump. “I don’t think you should underestimate how frustrated people are.”

For her part, Fiorina was circumspect. “It’s not just our ideas that matter … it is our tone,” she said Saturday. “We must have a nominee who is both a fighter and empathetic. Strong, and yet evidences humility. We can’t be judgmental, we can’t be vitriolic and we can’t be angry.”

The candidates were interviewed at the ritzy St. Regis resort in Orange County by Politico’s Mike Allen. The conversations were part of a three-day summit organized by Freedom Partners, a non-profit that effectively works as a fundraising clearinghouse for conservative-minded organizations backed by billionaires Charles and David Koch. The brothers mingled with donors, who each paid at least $100,000 to attend the private meetings.

For the first time, reporters were invited onto the property to attend selected sessions, including interviews with 2016 hopefuls. Other sessions touched on criminal justice reform, the Chilean economy and mobilizing conservatives.

But it was Trump who lingered over the events. “He’s clearly struck a chord,” said Marc Short, the president of the group that coordinates the Koch-backed groups’ activities and funding. One of the groups in that network is the LIBRE Initiative, which reaches out to Hispanic voters by helping some immigrants pass driving tests and in other places assists them navigate social services. Many of LIBRE’s projects help the very people Trump has demonized to fuel his rise: immigrants in the country illegally.

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