Exxon

America - Under New Management

Whatever the world will be treated to under the new American presidency, the words of Neil Innes ring true: “No matter who you vote for, the government always gets in.”

China Daily: Tillerson's "Disastrous" Actions Would Set The Course For A "Devastating Confrontation"

"Tillerson's statements regarding the islands in the South China Sea are far from professional. If Trump's diplomatic team shapes future Sino-US ties as it is doing now, the two sides had better prepare for a military clash... Should he act on them in the real world, it would be disastrous... and would set a course for devastating confrontation between China and the US."

Tillerson Protests Break Out As Chants Of "Reject Rexx" Fill D.C.

Before Rex Tillerson's Senate confirmation hearing even got started this morning, America's disaffected, Hillary-supporting snowflakes took to the streets of Washington D.C. in protest of his inevitable appointment as Secretary of State.  If only they could work so hard at finding a job it would be easy to "Make America Great Again."

Rex Tillerson Confirmation Hearing: Live Webcast

Tillerson's confirmation hearing, in which the former Exxon CEO will seek to distance himself from Putin and say that Russia "must be held accountable for its actions" adding that "Russia today poses a danger, but it is not unpredictable in advancing its own interests." begins at 9am Eastern, and can be watched below.

The Disgusting Embrace Of Witch-Hunting McCarthyism By 'Liberals'

In her famous 1950 "Declaration of Conscience" speech on the floor of the U.S. Senate, Maine Republican Margaret Chase Smith hit out at the McCarthyites of her day. She said the scourge of McCarthyism "spread like cancerous tentacles of ‘know nothing, suspect everything’ attitudes." Today, it is not the right that is spreading its "cancerous tentacles" of suspicion, but the fake "progressive left."

Senate Democrats Prepare For Their 2017 Theatrical Debut As Confirmation Hearings Loom

Starting Tuesday Americans will be subjected to what will feel like endless hours of torture as Senate Democrats get their opportunity to question Trump cabinet appointees.  Given that Republicans control a 52-48 majority in the Senate and that Democrats eliminated the 60-vote threshold in 2013, the Democrat theatrical displays will ultimately amount to nothing more than an attempt to discredit and shame Trump's appointees but should be fun nonetheless.

The Only Man In Europe Who Makes Any Sense

Beppe Grillo wants to break that chain. And he’s got a recipe to do it. It may not be perfect or foolproof, but who cares when it’s replacing something that no longer functions at all, that just drags us down and threatens our children’s lives? Our so-called democracies exist to please our leaders and elites, not ourselves. And we’re unlikely to figure that one out until it’s way too late."

Frontrunning: January 4

  • Trump Tariff on GM Would Violate NAFTA. That May Not Stop Him (BBG)
  • Obama Tries to Save Parts of Health Law Amid GOP Attack (WSJ)
  • Trump Puts Auto Makers, Trade Policy in Spotlight (WSJ)
  • British consumers borrow at fastest rate in 11 years as inflation threat rises (Reuters)
  • Investment banking fees fall 7 percent in 2016 dragged down by equity raisings (Reuters)

Rex Tillerson To Sever All Ties With Exxon, Will Receive $182 Million

Ahead of his confirmation as Donald Trump's proposed secretary of state, Exxon Mobil and the company's former chairman and CEO Rex Tillerson, have agreed to sever all ties to comply with conflict-of-interest requirements. As part of the separation, Tillerson will receive more than 2 million deferred XOM shares worth about $182 million. It is unclear if he will pay any taxes on the transaction.

Paul Craig Roberts Worries "What Is Henry Kissinger Up To?"

Former US Secretary of State Henry Kissinger is reportedly advising US president-elect Donald Trump how to "bring the United States and Russia closer together to offset China’s military buildup." If we take this report at face value, it tells us that Kissinger, an old cold warrior, is working to use Trump’s commitment to better relations with Russia in order to separate Russia from its strategic alliance with China.

Global Stocks Decline As Trading Volumes Collapse Ahead Of Monte Paschi Nationalization

European, Asian stocks and S&P futures all declined amid collapsing volumes, after the Wednesday drop in the S&P500, and after oil prices held losses amid an unexpected increase in supplies, as traders close out trades ahead of the holidays. European stocks edged lower, led by miners, and U.S. stock futures stagnated after the Dow Jones Industrial Average failed to make progress toward 20,000 Wednesday.