Barack Obama

Iran Furious After Obama Said To Extend Iran Sanctions; Oil Jumps To 2016 Highs

Until today, the White House had not pushed for an extension of the Iran sanctions act, but that changed moments ago when Reuters reported that Obama is expected to extend the Iran sactions, in effect not only jeopardizing his own Nuclear treaty, but also threatening to cut as much as 1 million barrels in Iranian oil output should Trump reimpose the full Iranian sanctions next year. In response oil jumped to new 2016 highs.

Starbucks CEO Howard Schultz Is Stepping Down

Starbucks has announced that its CEO, Howard Schultz, a vocal proponent of the minimum wage and vocal supporter of Hillary Clinton not to mention the person who almost single-handedly created Starbucks as a worldwide brand, is stepping down and will be replaced by COO Kevin Johnson.

The Obama Erasure: "He Came Bearing Hope, He Leaves Full Of Fear"

Whatever precise form Mr Trump’s administration takes, we know this: Mr Obama’s legacy will be purged. In many cases all it will take is the stroke of Mr Trump’s pen. The Obama erasure will go far deeper than undoing domestic laws, or foreign deals.

The Ten Consequences Of Trump

For those who were wrong about the United States’ presidential election, it is worth suppressing emotional reactions, at least for a month or two, and attempting a dispassionate judgment about what Donald Trump’s administration may mean for the world. So here are ten likely consequences of the Trump presidency, divided equally between the good and the bad.

Frontrunning: November 28

  • Trump Alleges That ‘Millions of People’ Voted Illegally (WSJ)
  • Oil slip sends dollar, bond yields skidding (Reuters)
  • Italian Lenders Slide on Vote Worries to Drag Down Europe Stocks (BBG)
  • OPEC makes last-ditch bid to save oil deal as tensions grow (Reuters)
  • How Iran, Russia Could Derail Oil-Production Deal (WSJ)
  • Tug of War Delays Some of Trump’s Key Appointments (WSJ)

Geopolitical Overhaul: What Will A Post-Obama World Look Like?

Debt reduction and the visible reduction of what is seen internationally as overbearing statism in the U.S. economy will be critical to building back long-term U.S. global capabilities. The U.S. has not seen such an opportunity for strategic reversal since the Reagan Administration. But only if the incoming Administration adheres to the principles which won it the election, and avoids the compromises which the bureaucratic base of government will attempt to force on it to avoid disruption of the status quo.