Trump's top economic adviser resigns
Washington: Former Goldman Sachs executive Gary Cohn resigned on Tuesday from his post as chief economic adviser to President Donald Trump due to disagreement with the White House plan to impose tariffs on imports of steel and aluminum.
"It has been an honor to serve my country and enact pro-growth economic policies to benefit the American people, in particular the passage of historic tax reform. I am grateful to the President for giving me this opportunity and wish him and the Administration great success in the future," the 57-year-old Cohn said in a statement.
His resignation reportedly will take effect in the coming weeks.
"Gary has been my chief economic adviser and did a superb job in driving our agenda, helping to deliver historic tax cuts and reforms and unleashing the American economy once again," said Trump in a statement released by the White House.
Cohn is the latest in a long list of Trump's close advisers to resign and the announcement comes just a few days after the departure of the president's faithful adviser and communications director, Hope Hicks.
The president announced last week that he would impose the tariffs despite the opposition of a large number of Republican lawmakers and Cohn.
The departure of Cohn, a Democrat who is a defender of free trade, could have a domino effect on the president's economic decisions and on the financial sector, given that last August the mere threat of his exit caused the investment markets to tumble.
Indeed, in after-hours trading, one exchange-traded fund measuring the broad US stock market - the SPDR S&P 500 ETF Trust (SPY) - fell more than 1 percent after the news of Cohn's resignation broke.
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Mercury plunges in Kashmir after brief respite, Shopian freezes at minus 6.4 deg C
Srinagar (PTI): Night temperatures in Kashmir dropped several degrees below the freezing point, even as a thick layer of fog engulfed parts of the valley, with Srinagar recording a low of minus 4.1 degrees Celsius, officials said on Saturday.
Shopian was the coldest recorded place in Jammu and Kashmir as the mercury there settled at a low of minus 6.4 degrees Celsius, they said.
The mercury had on Thursday night settled above the freezing point at most places in the valley, providing huge relief to the residents from the biting cold conditions.
However, temperatures dropped across Kashmir on Friday night, bringing back the freezing cold, the officials said.
On the Friday night, the minimum temperature in Srinagar -- the summer capital of Jammu and Kashmir -- settled at minus 4.1 degrees Celsius, a sharp drop from 0.4 degrees Celsius the previous night, the officials said.
The gateway town to the valley, Qazigund, recorded a low of minus 4.2 degrees Celsius, while the mercury settled at minus 3.5 degrees Celsius in north Kashmir's Kupwara, and minus 0.2 degrees Celsius in south Kashmir's Kokernag, the officials said.
Pahalgam recorded a low of minus 4.4 degrees Celsius, while Gulmarg lodged minus 2.6 degrees Celsius and Konibal town in Pulwama district recorded minus 5.2 degrees Celsius, they said.
The meteorological department said the weather would remain generally cloudy but dry on December 6-7, and a brief spell of light snowfall at isolated places in the higher reaches of north and central Kashmir is likely on December 8.
