Councils

100 Years Ago, Russian Stocks Had A Very Bad Day

Just as stocks had doubled after a trading pause lasting the duration of World War I, and the sky seemed the limit for Russian investors.... something very unpleasant happened.

Frontrunning: January 31

  • Trump Fires Acting Attorney General, Deepening U.S. Immigration Conflict (BBG)
  • Trump set to name U.S. high court pick as Democrats plan fight (Reuters)
  • Bonds Slump as Stocks Gain Favor (BBG)
  • Euro-Area Inflation Surges to 1.8%, Intensifying ECB Debate (BBG)
  • Trump Must Choose Between Farmers and ‘Big Meat’ (BBG)

Here Are 2.3 Billion Reasons Why Sanctuary Cities Are So Upset At Trump

While we are sure Mayors de Blasio (New York) and Emanuel (Chicago) are compassionate men who want nothing more than to ensure the safety of illegal immigrants in their cities, we couldn't help but notice that, following Trump's decision to defund so-called Sanctuary cities, the sound and fury spewing forth from various municipalities today was perfectly correlated with the size of taxpayer-money they received from Obama.

56 Years Ago Today, Eisenhower Warned Americans Of "The Unwarranted Influence" Of The Deep State

"In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist...we must also be alert to the equal and opposite danger that public policy could itself become the captive of a scientific-technological elite...As we peer into society’s future, we - you and I, and our government - must avoid the impulse to live only for today, plundering for our own ease and convenience the precious resources of tomorrow."

Glenn Greenwald Slams The 'Unverified Claims' Of The Democrat-Cheered Deep State's War With Trump

In January, 1961, Dwight Eisenhower delivered his farewell address warning Americans of this specific threat to democracy “of the military-industrial complex." This is the faction that is now engaged in open warfare against president-elect, Donald Trump. They are using classic Cold War dirty tactics and the defining ingredients of what has until recently been denounced as “Fake News.”

The Islamization Of Britain In 2016: "More Backwards Than Some Parts Of Pakistan"

More than 100,000 British Muslims sympathize with suicide bombers and people who commit other terrorist acts, according to a 615-page survey. Only one in three British Muslims (34%) would contact the police if they believed that somebody close to them had become involved with radical Islam. Teaching children fundamental British values is an act of "cultural supremacism," according to the National Union of Teachers.

Frontrunning: December 29

  • Russia's Putin says Syrian government, opposition sign ceasefire deal (Reuters)
  • Snap’s IPO Pitch to Tout Service as ‘the Next Facebook’ (WSJ)
  • What History Has to Say About the Economy Trump Will Inherit (BBG) - zero mentions of the word "debt"
  • Trump tax reforms could depend on little-known 'scoring' panel (Reuters)
  • Debbie Reynolds Dies a Day After Daughter Carrie Fisher (BBG)
  • U.S. appeals court rejects SEC's use of administrative law judges (Reuters)

Deutsche Bank CEO Warns Employees "Europe Is Endangered" After Italy Vote

"The environment remains uncertain with a number of potentially frosty developments. The result of the constitutional referendum in Italy is a harbinger of renewed turbulence that could spill over from the political arena to the economy – with Europe particularly endangered."