After a barrage of complaints over the airing of CNN at an Indiana YMCA, CEO Robert Wanek was forced to change the channel, saying "In order to eliminate perceived political bias associated with national news outlets, the Valparaiso Family YMCA will only be showing local news channels in the future."
President Trump’s brief inaugural speech was a declaration of war against the entirety of the American Ruling Establishment. All of it.. but it will take a complete sea change to rectify the course this country has been heading in the past eight years.
Just hours after President Trump was sworn into office, amid Chuck Schumer's jabs over HUD, the Senate has confirmed retired Marine General James Mattis as defense secretary and retired Marine General John Kelly as homeland security secretary. They were both expected to be confirmed easily, and were, but Democrats promised fights over several other nominees.
Trump recently said, “We will no longer surrender this country, or its people, to the false song of globalism.” In our view, there’s only one way Trump could fight the global elites and their SDR plan: return the dollar to some sort of gold backing.
Apple sued its mobile chip supplier Qualcomm for $1 billion, saying Qualcomm has been "charging royalties for technologies they have nothing to do with." The suit follows a US FTC lawsuit against Qualcomm earlier this week over unfair patent licensing practices.
With all eyes focused on Washington, on a Friday evening, Morgan Stanley just revealed that 58-year-old Morgan Stanley CEO James "don't call me Jim" Gorman was paid $22.5 million. Despite a notable drop in earnings from expectations and a focus on cost-cutting, Gorman got a 7.1% pay rise (almost double that of Jamie Dimon).
One day his Supreme Court justices will retire. Obamacare may be repealed. History will forget about his charisma and charm. Edward Snowden may eventually return home. The 500,000+ pages of regulations his administration issued will be replaced. And even the families of all the innocent victims who were accidentally killed in his drone strikes may move on with their lives.But the debt will still be there.
The death of Brazilian Supreme Court Justice Teori Zavascki who had presided over the sprawling "Carwash" corruption scandal, and who died yesterday in a freak airplane crash has sent shockwaves both around the globe and in Brazil, because while few in polite company will discuss it, it has opened the possibility of political assassinations as a means of "quieting" legal proceedings.
"Democratic leaders are calling his election illegitimate, and most of the media wants Mr. Trump to implode. No President since Nixon will face a more hostile resistance in the press and permanent bureaucracy. Mr. Trump promised to disrupt the status quo, and to succeed he will have to."
"The first half of 2017 could look like a normal business cycle, but in the second half it seems plausible the cycle in the US could face significant challenges, and so could equities. The potential problems are as follows."
74-year-old bond guru Lacy Hunt is among a rare breed in finance today: people who actually traded during a period when bonds continuously lost value. Today, as hints of inflation start to bubble and calling the next bear market becomes the industry’s favorite pastime, Hunt says no, "I’m still long bonds, especially the long-end."