As the administration turns its focus toward tax reform, Treasury Secretary Steven Mnuchin will sit down with The Hill's editor-in-chief Bob Cusack for a one-on-one conversation about key priorities when it comes to overhauling the tax code, prospects for bipartisanship and a timeline for action.
"First the Ninth Circuit rules against the ban & now it hits again on sanctuary cities-both ridiculous rulings. See you in the Supreme Court! ... They used to call this 'judge shopping!' Messy system."
"Trump’s much-anticipated tax blueprint will be released on Wed but 1) a lot of the details have already been leaked to the press over the last few days; 2) it seems very inchoate, leaving out key details esp. as it pertains to the individual code; 3) it will be virtually impossible to pass through Congress"
After two days of back to back triple digit gains in the Dow for the first time since the election, overnight the torrid rally has faded, with European shares and U.S. stock futures little changed ahead of Trump's big unveil of his much anticipated tax cut plan as investors seek new impetus for a flagging relief rally.
"Investors are looking for a reason to buy U.S. equities again, which means they’ll probably find one in Donald Trump’s tax plan no matter what he says on Wednesday. The prevailing sentiment suggests U.S. stocks will achieve record highs within days. It’ll just be a matter of how long it takes to work out which part of Trump’s proposal will justify that move after the fact."
Macron’s endorsement list tells a lot... Macron is certainly no «outsider» nor fresh-faced 'challenger' of the status quo. That’s just all superficial marketing and branding to ensure that he prevents Le Pen winning power. Macron will eventually prove to be a willing servant of global capitalism, the EU and NATO, and a ruthless economic hitman against the working class.
The implementation of the Greek pension reform of 2016, will lead to the sudden death of incomes for widows, and as KeepTalkingGreece reports, will push a large portion of population further into poverty. Widows’ pensions will be cut down to 50% of the deceased’s pension and new more restrictive age-based criteria will go into effect this month.
The city of Birmingham in the West Midlands, the heart of England, the place where the Industrial Revolution began, the second city of the UK and the eighth-largest in Europe, today is Britain's most dangerous city. With a large and growing Muslim population, five of its electoral wards have the highest levels of radicalization and terrorism in the country.
China launched its second aircraft carrier Wednesday morning in northeast China's Dalian shipyard in Liaoning Province. The new carrier, the first built domestically, was transferred from dry dock in Dalian into the water at a launch ceremony on Wednesday morning.
"we are now getting closer to ‘launch’ as the same situation is speculated to be ‘out there’ again. There was some covering in 2330s and 2370s yesterday, while most of the size seemingly sits at the 2400 level. As the market is sniffing out the upper strikes that such a strategy might be short, there is a self-fulfilling ‘short gamma’ as we push ever-closer to the pain-points."
"ISIS remains a long way from extinction... Fully eliminating the threat [ISIS] poses will require continued American leadership for years to come... In the short- and perhaps medium-terms, this contraction in territorial control may actually lead to more terrorist attacks across the globe."
To our complete 'shock,' a federal judge in San Francisco, U.S. District Judge William Orrick, has blocked Trump's Executive Order intended to withhold funding from communities that limit cooperation with U.S. immigration authorities.