Trump To Order Corporate Tax Rate Cut To 15%, Loading Up To $2 Trillion In Extra Debt

Trump has ordered his White House aides to accelerate his tax plan, the WSJ writes, "slashing the corporate rate to 15% and prioritizing cuts in tax rates over an attempt to not increase the deficit" which means that without an offsetting source of revenue, Trump is about to unleash up to $2 trillion in extra debt, a proposal which will face fierce pushback from conservatives as it appears to be a continuation of the status quo under the Obama administration, and may well be DOA.

Obama To Receive $400,000 Speaking Fee At Cantor Fitzgerald Conference

Shortly after Barack Obama delivered his first (free) speech today since leaving the White House in Chicago before an audience of community organizers and other fans, Fox News' Charlie Gasparino reports that in what may be his first paid speaking arrangement, Obama will be paid $400,000 to speak at Cantor Fitzgerald's healthcare conference this September, setting the benchmark for how much an hour of the former president's time will cost going forward.

Does America Have A Technology Platform Monopoly Problem?

"...the dominance of these firms in their specific niches presents a threat not just to economic competition, but liberty and freedom generally speaking. After all, the government itself doesn’t need to censor free speech if it can just lean on powerful companies with platform monopolies to do the dirty work for it."

China's First Home Made Aircraft Carrier Is Ready For Launch

China is making final preparations to launch its first domestically built aircraft carrier, temporarily named the Type 001A. The Chinese-made vessel is expected to enter service around 2020, joining China's first and only aircraft carrier, a refurbished Ukrainian vessel known as the Liaoning.

Google Market Cap Hits An All Time High $600 Billion

Even as the US "brick and mortar" retail industry is in a tailspin of historic proportions, its ad spending must be better than ever, because on Monday Google parent Alphabet closed up 2.3%, hitting a new record high, and as Bloomberg pointed out first, the company's market value crossed above $600 billion for the first time ever.

Will Macron Serve The Interests Of The American Deep State?

The accrued momentum in colossal sums of money flowing this way and that way has allowed unreality to reign in international finance for a while. But that is now flying apart. The ultimate reality, politicians and economists will soon discover, is that you can’t create your own reality.

Marine Le Pen Temporarily Steps Down As Head Of National Front Party

In a headline that spooked headline-scanning algos, moments ago French presidential candidate Marine Le Pen announced that she is stepping down as head of her National Front party. What the headline ignored to add is that her leadership departure is only "temporary", and as AP notes is merely a PR attempt to build her broader base unburdened by the legacy stigma of her party.

June Rate Hike Odds Soar To 69% As Debt Ceiling Looms

It appears the hope that a centrist candidate will win the French election is enough to trump tumbling macro-economic data, disappointing earnings, and flailing inflation in the US economy. June rate hike odds have spiked to 69% overnight (even as debt ceiling risks begin to price in... and the dollar drops)...

Unilever Sustainability Platform Is Unsustainable

At some point near the end of the last century the leaders of major U.S. manufacturing firms began to ponder the idea they had a social responsibility to the world at least as important as the need to increase value for shareholders. It’s not exactly clear when it started but what began as a way to curry favor with a customer base newly empowered to care about bigger things has today become something of a religion in executive suites from New York to Los Angeles.

What The Wage Equality Crusaders Don't Understand

Asserting that today’s working women make only 78 cents for every dollar earned by a man, high profile personalities have perpetuated this myth and used it to further their own agenda: more government control over wages. Unfortunately for these wage crusaders, when the data is examined more closely what we find is not necessarily a wage gap, but what could more accurately be described as a “preference” gap that exists because of personal choice rather than gender.

US Sanctions 271 Syrians, Freezes Their US Assets

Two weeks after launching missile strikes on Syria, the U.S. Treasury announced it has sanctioned 271 employees of Syria's Scientific Studies and Research Center in response to the alleged sarin attack conducted by the Assad regime on Kahn Sheikhoun.