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Cia warns trump be very very careful

OUTGOING CIA Director John Brennan had some sharp criticism and warnings overnight for Donald Trump, saying the incoming president doesn’t have a “full understanding” of Russia’s power and threat to the world.

I dont think he has a full understanding of Russian capabilities and the actions they are taking on the world, Brennan told Fox News Sunday.

He also suggested that Trump lacks full appreciation of Russias aggression or about why President Obama imposed sanctions on the Kremlin for meddling in the 2016 presidential election.

Mr. Trump has to understand that absolving Russia is a road that he needs to be very, very careful about moving down, Brennan said.

Brennan was appointed by President Obama in 2013 to run the countrys premier spy agency.

Trump has repeatedly suggested better US ties with Russian President Vladimir Putin. And he has been particularly suspect of the entire US intelligence community since it concluded Russia and Putin tried to influence the elections, in an apparent effort to help Trump defeat Democratic presidential nominee Hillary Clinton.

Brennan said Trump likening the US intelligence community to Nazi Germany for presumably leaking the content of an opposition-research dossier on him is outrageous.

There is no interest in undermining the president-elect, he said.

Our responsibility is to understand dangers on the world stage so (Trump and his Republican administration) have the intel we have so they can make best decision.

However, he said Trump needs to be disciplined and that hell face numerous challenges in his presidency that begins Friday with terrorism, cybersecurity, North Korea and Middle East instability among those at the top.

So many issues on Day One, Brennan said.

This story originally appeared on Fox News and was republished with permission.

Rba boss warns on foreign cash

OUTGOING Reserve Bank governor Glenn Stevens believes Australia needs to attract more foreign investment to build new businesses, while being cautious about existing assets.

Mr Stevens, who steps down next month, has weighed into the debate about foreign capital, saying there needs to be consideration about what type of investment Australia wants.

Foreign capital that builds new assets like some of the capital that funded the mining boom thats one thing. Foreign capital that buys up the existing assets, Im not saying that we should be closed to that, but thats not creating new capital for the country, he told The Australian.

Thats just altering the allocation of who owns the capital thats here now.

Mr Stevens noted that Australians had mixed feelings about foreign investment.

We get nervous when foreigners buy land or other assets, but Ive never met a businessperson yet who doesnt think that foreign investment as a general thing is good, he said.

Thats why I say that maybe some more clarity about what we mean by foreign investment, what kinds of foreign investment are better than others, what kind helps us grow our capital stock and our country and how to manage all of these things, thats probably a constructive debate we might hope to have.

Last week, Treasurer Scott Morrison blocked two Chinese bids for NSW electricity company Ausgrid citing national security concerns, but Mr Stephens said his comments were not related to that decision.

But he warned the flow of foreign cash into infrastructure, commercial property, shares and other assets was pushing up the value of the Australian dollar, countering the RBAs rate cuts.

Australia wants to be open to foreign capital. Thats our national philosophy. I think in that discussion it would be helpful to think about the kind of foreign capital we want, Mr Stevens said.