Factbox: Republican presidential candidate Trump's economic team(Reuters) - U.S. Republican presidential candidate Donald Trump on Friday announced his team of economic advisers, among whom are a hedge fund manager, a former top steel executive and a former high-ranking U.S. government official.  Trump said he would deliver a speech on his economic policy plan on Monday. Here are some facts on the members of his economic team: Paulson is best known on Wall Street for his bet against the overheated housing market in 2007 that netted him and his investors billions of dollars in profits. But Paulson’s calls on stocks and the economy have been less accurate lately. His investments have lost some $15 billion in assets in the last five years, leaving his Paulson & Co Inc hedge fund with roughly $13 billion at the end of June. He is known for making contrarian bets and being patient.  He has been one of only a handful of hedge fund managers to have publicly endorsed Trump. Many others have said privately that they are still on the fence or leaning toward his Democratic rival, Hillary Clinton. Feinberg is chief executive officer of Cerberus Capital Management LP, a private equity firm he co-founded in 1992.  He headed the investment firm during its failed takeover of automaker Chrysler in 2007. The investment firm served as Chrysler’s majority owner until the troubled car maker was restructured in a government-sponsored bankruptcy in 2009. Feinberg had promised to revive the company, according to a New York Times profile, but instead lost billions. (here) Feinberg has defended his role to try to save the carmaker. He ultimately had to appeal to Washington for help.      Malpass served under two previous Republican administrations, first as a deputy assistant Treasury secretary for President Ronald Reagan and later as a deputy assistant secretary of State for President George H.W. Bush.         Malpass, in a CNBC interview on Friday, called for greater infrastructure spending as well as tax cuts, trade reform, regulatory reform and energy reform, although he gave few specifics. “We need more effective spending and Trump wants to do that - to have stronger finances for the country,” he said. Malpass has been a vocal critic of the U.S. Federal Reserve’s monetary policy since the financial crisis, in particular its large bond holdings. Malpass, who was also previously chief economist at investment bank Bear Stearns, now runs Encima Global Llc, an investment consulting firm.      Navarro is the only adviser on the list with a doctorate in economics and the only one who has spent most of his life as an academic. He earned his doctorate at Harvard University and is now a professor of economics and public policy at the University of California, Irvine’s business school. Navarro has written nine books, three of them critical about China’s effect on the rest of the world, including “Death by China: Confronting the Dragon – A Global Call to Action.” He thinks the United States should be tougher on trade and intellectual property theft and has proposed slapping a 45 percent tariff on Chinese imports.     Navarro recently wrote in an opinion piece in the Los Angeles Times that Trump would crack down on any country “that cheats on its trade deals using practices such as currency manipulation and illegal export subsidies.” (here) Lorber is president and CEO of holding company Vector Group Ltd (VGR.N), whose three subsidiaries make cigarettes as well as e-cigarettes. Vector also operates two real estate subsidiaries: a real estate investment company and a real estate brokerage firm.  A fellow New Yorker, Trump's campaign has mentioned Lorber as one of Trump's best friends. (here) The two traveled together to Russia in the 1990s, according to news reports. A former partner at Goldman Sachs Group Inc who now works in entertainment financing, Mnuchin is chairman and CEO of private investment firm Dune Capital Management LP.  Trump named Mnuchin, who had a long history of political donations to Democrats, including to Hillary Clinton, as his finance chair in May. Mnuchin has said he has had a personal and professional relationship with Trump for more than 15 years.  DiMicco is the former chief executive and executive chairman of steel producer Nucor Corp (NUE.N), one of the biggest U.S. steelmakers. His outspoken push for tougher U.S. trade policies to support domestic manufacturing and his fierce anti-China rhetoric have made him one of the most high-profile executives in the steel industry. In recent years, he has taken his campaign for new trade rules online and has publicly endorsed Trump’s call for a tougher approach on trade.  “You don’t win a Trade War with appeasement or more Free Trade agreements,” DiMicco wrote in a July 10 blog post on his website, www.dandimicco.com.  Moore is one of the leading conservative economic voices in the United States. He embraces tax cuts as key to economic growth, as well as free trade and immigration reform. Moore founded the anti-tax advocacy group Club for Growth, where he served until he left the organization in 2004. He later served as a member of The Wall Street Journal editorial board.      He is currently a fellow at the conservative think tank The Heritage Foundation, focusing on economic growth.  Barrack is a longtime friend of Trump and a fellow hotel developer. He is the founder and executive chairman of private equity firm Colony Capital Inc CLNY.N and is co-chairman of the board of trustees of Colony Starwood Homes SFR.N. Barrack spoke out in favor of Trump at the Republican National Convention in July, but afterwards his company announced it was dropping out of Trump's Old Post Office hotel project in Washington, according to a report in The Washington Post. (here) Kowalski has served as the deputy staff director of the Republican staff of the Senate Budget Committee and has over 20 years of experience in fiscal policy at the federal, state and local levels of government. He has a master’s degree in public policy from Harvard’s Kennedy School of Government.  Beal is the founder and chairman of Beal Bank as well as affiliated companies including, CSG Investments, Inc, Loan Acquisition Corporation, and CLG Hedge Fund, LLC.  Calk is the founder, chairman and CEO of Federal Savings Bank, and National Bancorp Holdings. He is a commissioned Army officer and received his MBA from Northwestern University.  Roth is chairman of the board and chief executive officer of Vornado Realty Trust (VNO.N), which focuses on real estate investments in New York City and Washington, D.C. Vornado and Trump are partners in an office building in midtown Manhattan. politicsNews
factor republican presidential candidate trump economic team reuters republican presidential candidate donald trump friday announced team economic advisers among hedge fund manager former top steel executive former government official trump said would deliver speech economic policy plan monday here facts members economic team paulo best known wall street bet overhead housing market netted investors billions dollars profits but paulo calls stocks economy less accurate lately his investments lost billion assets last five years leaving paulo co inc hedge fund roughly billion end june he known making contrarian bets patient he one handful hedge fund managers publicly endorsed trump many others said privately still fence leaning toward democratic rival hillary clinton feinberg chief executive officer cerberus capital management lp private equity firm he headed investment firm failed takeover automated chrysler the investment firm served chrysler majority owner troubled car maker restructured bankruptcy feinberg promised revive company according new york times profile instead lost billions feinberg defended role try save caretaker he ultimately appeal washington help mapas served two previous republican administrations first deputy assistant treasury secretary president ronald reagan later deputy assistant secretary state president george bush mapas cnbc interview friday called greater infrastructure spending well tax cuts trade reform regulatory reform energy reform although gave specifics we need effective spending trump wants stronger finances country said mapas vocal critic federal reserve monetary policy since financial crisis particular large bond holdings mapas also previously chief economist investment bank bear stars runs ncia global llc investment consulting firm navarro adviser list doctorate economics one spent life academic he earned doctorate harvard university professor economics public policy university california irving business school navarro written nine books three critical china effect rest world including death china confronting dragon a global call he thinks united states tougher trade intellectual property theft proposed slapping percent tariff chinese imports navarro recently wrote opinion piece los angeles times trump would crack country cheats trade deals using practices currency manipulation illegal export border president ceo holding company vector group ltd whose three subsidiaries make cigarettes well vector also operates two real estate subsidiaries real estate investment company real estate brokerage firm a fellow new worker trump campaign mentioned border one trump best friends the two traveled together russia according news reports a former partner goldman sachs group inc works entertainment financing mnuchin chairman ceo private investment firm dune capital management lp trump named mnuchin long history political donations democrats including hillary clinton finance chair may mnuchin said personal professional relationship trump years dimicco former chief executive executive chairman steel producer nuco corp one biggest steelmakers his outspoken push tougher trade policies support domestic manufacturing fierce rhetoric made one executives steel industry in recent years taken campaign new trade rules online publicly endorsed trump call tougher approach trade you win trade war appeasement free trade agreements dimicco wrote july blog post website moore one leading conservative economic voices united states he embraces tax cuts key economic growth well free trade immigration reform moore founded advocacy group club growth served left organization he later served member the wall street journal editorial board he currently fellow conservative think tank the heritage foundation focusing economic growth barracks longtime friend trump fellow hotel developer he founder executive chairman private equity firm colony capital inc board trustees colony starwood homes barracks spoke favor trump republican national convention july afterwards company announced dropping trump old post office hotel project washington according report the washington post kowski served deputy staff director republican staff senate budget committee years experience fiscal policy federal state local levels government he master degree public policy harvard kennedy school government real founder chairman real bank well affiliated companies including cs investments inc loan acquisition corporation cl hedge fund llc talk founder chairman ceo federal savings bank national ancora holdings he commissioned army officer received mba northwestern university roth chairman board chief executive officer tornado realty trust focuses real estate investments new york city washington tornado trump partners office building midtown manhattan politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Factbox: Republican presidential candidate Trump's economic team(Reuters) - U.S. Republican presidential candidate Donald Trump on Friday announced his team of economic advisers, among whom are a hedge fund manager, a former top steel executive and a former high-ranking U.S. government official.  Trump said he would deliver a speech on his economic policy plan on Monday. Here are some facts on the members of his economic team: Paulson is best known on Wall Street for his bet against the overheated housing market in 2007 that netted him and his investors billions of dollars in profits. But Paulson’s calls on stocks and the economy have been less accurate lately. His investments have lost some $15 billion in assets in the last five years, leaving his Paulson & Co Inc hedge fund with roughly $13 billion at the end of June. He is known for making contrarian bets and being patient.  He has been one of only a handful of hedge fund managers to have publicly endorsed Trump. Many others have said privately that they are still on the fence or leaning toward his Democratic rival, Hillary Clinton. Feinberg is chief executive officer of Cerberus Capital Management LP, a private equity firm he co-founded in 1992.  He headed the investment firm during its failed takeover of automaker Chrysler in 2007. The investment firm served as Chrysler’s majority owner until the troubled car maker was restructured in a government-sponsored bankruptcy in 2009. Feinberg had promised to revive the company, according to a New York Times profile, but instead lost billions. (here) Feinberg has defended his role to try to save the carmaker. He ultimately had to appeal to Washington for help.      Malpass served under two previous Republican administrations, first as a deputy assistant Treasury secretary for President Ronald Reagan and later as a deputy assistant secretary of State for President George H.W. Bush.         Malpass, in a CNBC interview on Friday, called for greater infrastructure spending as well as tax cuts, trade reform, regulatory reform and energy reform, although he gave few specifics. “We need more effective spending and Trump wants to do that - to have stronger finances for the country,” he said. Malpass has been a vocal critic of the U.S. Federal Reserve’s monetary policy since the financial crisis, in particular its large bond holdings. Malpass, who was also previously chief economist at investment bank Bear Stearns, now runs Encima Global Llc, an investment consulting firm.      Navarro is the only adviser on the list with a doctorate in economics and the only one who has spent most of his life as an academic. He earned his doctorate at Harvard University and is now a professor of economics and public policy at the University of California, Irvine’s business school. Navarro has written nine books, three of them critical about China’s effect on the rest of the world, including “Death by China: Confronting the Dragon – A Global Call to Action.” He thinks the United States should be tougher on trade and intellectual property theft and has proposed slapping a 45 percent tariff on Chinese imports.     Navarro recently wrote in an opinion piece in the Los Angeles Times that Trump would crack down on any country “that cheats on its trade deals using practices such as currency manipulation and illegal export subsidies.” (here) Lorber is president and CEO of holding company Vector Group Ltd (VGR.N), whose three subsidiaries make cigarettes as well as e-cigarettes. Vector also operates two real estate subsidiaries: a real estate investment company and a real estate brokerage firm.  A fellow New Yorker, Trump's campaign has mentioned Lorber as one of Trump's best friends. (here) The two traveled together to Russia in the 1990s, according to news reports. A former partner at Goldman Sachs Group Inc who now works in entertainment financing, Mnuchin is chairman and CEO of private investment firm Dune Capital Management LP.  Trump named Mnuchin, who had a long history of political donations to Democrats, including to Hillary Clinton, as his finance chair in May. Mnuchin has said he has had a personal and professional relationship with Trump for more than 15 years.  DiMicco is the former chief executive and executive chairman of steel producer Nucor Corp (NUE.N), one of the biggest U.S. steelmakers. His outspoken push for tougher U.S. trade policies to support domestic manufacturing and his fierce anti-China rhetoric have made him one of the most high-profile executives in the steel industry. In recent years, he has taken his campaign for new trade rules online and has publicly endorsed Trump’s call for a tougher approach on trade.  “You don’t win a Trade War with appeasement or more Free Trade agreements,” DiMicco wrote in a July 10 blog post on his website, www.dandimicco.com.  Moore is one of the leading conservative economic voices in the United States. He embraces tax cuts as key to economic growth, as well as free trade and immigration reform. Moore founded the anti-tax advocacy group Club for Growth, where he served until he left the organization in 2004. He later served as a member of The Wall Street Journal editorial board.      He is currently a fellow at the conservative think tank The Heritage Foundation, focusing on economic growth.  Barrack is a longtime friend of Trump and a fellow hotel developer. He is the founder and executive chairman of private equity firm Colony Capital Inc CLNY.N and is co-chairman of the board of trustees of Colony Starwood Homes SFR.N. Barrack spoke out in favor of Trump at the Republican National Convention in July, but afterwards his company announced it was dropping out of Trump's Old Post Office hotel project in Washington, according to a report in The Washington Post. (here) Kowalski has served as the deputy staff director of the Republican staff of the Senate Budget Committee and has over 20 years of experience in fiscal policy at the federal, state and local levels of government. He has a master’s degree in public policy from Harvard’s Kennedy School of Government.  Beal is the founder and chairman of Beal Bank as well as affiliated companies including, CSG Investments, Inc, Loan Acquisition Corporation, and CLG Hedge Fund, LLC.  Calk is the founder, chairman and CEO of Federal Savings Bank, and National Bancorp Holdings. He is a commissioned Army officer and received his MBA from Northwestern University.  Roth is chairman of the board and chief executive officer of Vornado Realty Trust (VNO.N), which focuses on real estate investments in New York City and Washington, D.C. Vornado and Trump are partners in an office building in midtown Manhattan. politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: factor republican presidential candidate trump economic team reuters republican presidential candidate donald trump friday announced team economic advisers among hedge fund manager former top steel executive former government official trump said would deliver speech economic policy plan monday here facts members economic team paulo best known wall street bet overhead housing market netted investors billions dollars profits but paulo calls stocks economy less accurate lately his investments lost billion assets last five years leaving paulo co inc hedge fund roughly billion end june he known making contrarian bets patient he one handful hedge fund managers publicly endorsed trump many others said privately still fence leaning toward democratic rival hillary clinton feinberg chief executive officer cerberus capital management lp private equity firm he headed investment firm failed takeover automated chrysler the investment firm served chrysler majority owner troubled car maker restructured bankruptcy feinberg promised revive company according new york times profile instead lost billions feinberg defended role try save caretaker he ultimately appeal washington help mapas served two previous republican administrations first deputy assistant treasury secretary president ronald reagan later deputy assistant secretary state president george bush mapas cnbc interview friday called greater infrastructure spending well tax cuts trade reform regulatory reform energy reform although gave specifics we need effective spending trump wants stronger finances country said mapas vocal critic federal reserve monetary policy since financial crisis particular large bond holdings mapas also previously chief economist investment bank bear stars runs ncia global llc investment consulting firm navarro adviser list doctorate economics one spent life academic he earned doctorate harvard university professor economics public policy university california irving business school navarro written nine books three critical china effect rest world including death china confronting dragon a global call he thinks united states tougher trade intellectual property theft proposed slapping percent tariff chinese imports navarro recently wrote opinion piece los angeles times trump would crack country cheats trade deals using practices currency manipulation illegal export border president ceo holding company vector group ltd whose three subsidiaries make cigarettes well vector also operates two real estate subsidiaries real estate investment company real estate brokerage firm a fellow new worker trump campaign mentioned border one trump best friends the two traveled together russia according news reports a former partner goldman sachs group inc works entertainment financing mnuchin chairman ceo private investment firm dune capital management lp trump named mnuchin long history political donations democrats including hillary clinton finance chair may mnuchin said personal professional relationship trump years dimicco former chief executive executive chairman steel producer nuco corp one biggest steelmakers his outspoken push tougher trade policies support domestic manufacturing fierce rhetoric made one executives steel industry in recent years taken campaign new trade rules online publicly endorsed trump call tougher approach trade you win trade war appeasement free trade agreements dimicco wrote july blog post website moore one leading conservative economic voices united states he embraces tax cuts key economic growth well free trade immigration reform moore founded advocacy group club growth served left organization he later served member the wall street journal editorial board he currently fellow conservative think tank the heritage foundation focusing economic growth barracks longtime friend trump fellow hotel developer he founder executive chairman private equity firm colony capital inc board trustees colony starwood homes barracks spoke favor trump republican national convention july afterwards company announced dropping trump old post office hotel project washington according report the washington post kowski served deputy staff director republican staff senate budget committee years experience fiscal policy federal state local levels government he master degree public policy harvard kennedy school government real founder chairman real bank well affiliated companies including cs investments inc loan acquisition corporation cl hedge fund llc talk founder chairman ceo federal savings bank national ancora holdings he commissioned army officer received mba northwestern university roth chairman board chief executive officer tornado realty trust focuses real estate investments new york city washington tornado trump partners office building midtown manhattan politicsnews