Economic principles explain why the Saudis began, in late 2014, to pump crude as fast as they could – or close to as fast as possible. In fact, there is a good reason why the Saudi princes are panicked and pumping.
"So this is really the class war. And it's the class war of Wall Street and the corporate sector of the Democratic side against Trump on the populist side...Krugman has joined the ranks of the neocons, as well as the neoliberals, and they're terrified that they're losing control of the Republican Party. For the last half-century the Republican Party has been pro-Cold War, corporatist. And Trump has actually, is reversing that. Reversing the whole traditional platform. And that really worries the neocons..."
Moments ago the worst kept secret in Washington was confirmed when Hillary Clinton announced on Twitter she has picked Virginia senator Tim Kaine as her running mate in an attempt to bolster her support among blue-collar workers and maximize votes from US Latinos dismayed by Donald Trump.
To all Americans tonight, in all our cities and towns, I make this promise: We Will Make America Strong Again. We Will Make America Proud Again. We Will Make America Safe Again. And We Will Make America Great Again. THANK YOU.
"The Republican National Convention careened off the rails on Wednesday night as Ted Cruz refused to endorse Donald Trump from the stage and was met with deafening boos. It was an extraordinary scene of disunity, the like of which has not been seen at a party convention in a generation."
Freshly-picked vice presidential nominee Mike Pence is the headliner of Wednesday’s third day of the Republican National Convention. As The Hill reports, with party business, Donald Trump’s official presidential nomination all settled, and any long-shot attempts to deny him the nomination in the rearview mirror, the third day should be a day of unity. With programming not starting until 7pmET, a number of Trump's former rivals and other notable conservatives will all focus on the day's theme: Make America First Again (which is ironically where Trump finds himself, leading Clinton by 1pt in the latest poll).
The alternative is President Hillary Clinton... Fair enough to argue that Mr. Trump represents a huge risk. But honesty requires that this risk be weighed against a clear-eyed look at the certainties a Hillary Clinton administration would bring.
While the 'main event' is not until Thursday, Day 1 of the Republican National Convention's sub-theme is "Make America Safe Again" with Melania Trump headlining (introduced by her husband) along with Duck Dynasty's Willie Robertson, 'Lone Survivor' Marcus Luttrell, Governor Rick Perry, outspoken Milwaukee Sheriff David Clark, and Mark Geist & John Tiegen (Benghazi security team members).
From shock to solidarity and from aggressive reality checks to passive toothless solutions, the world's leaders responded in many different ways to the horrific attack last night in Nice, France. However, it is one seasoned veteran trader's response that is perhaps most poignant. However, it is French PM Valls who has stirred up the most angst by exclaiming "Ignore the hysteria, Europe can live with terror."
With all the world's eyes now firmly fixed on the south of France and the horrific 'terrorist attack' on Nice, Donald Trump has decided to postpone the announcement of his vice-president (until the next news cycle).
While hardly a surprise to those who have been following the republican vice presidential race, moments ago Roll Call reported, citing a source, that Trump will pick Indiana governor Mike Pence as his vice president. In addition to Pence, Trump has considered former speaker of the House Newt Gingrich, New Jersey Gov. Chris Christie and Army Gen. Michael Flynn for the No. 2 spot on his ticket
Tomorrow Hillary Clinton will be speaking in New Hampshire and she will be joined by Bernie Sanders. Expectations are for Sanders to endorse Hillary as we inch closer to election time. The support from Sanders is expected to be on the common ground of improving America (whatever that means). Additionally, Donald Trump said Monday that he expects to decide on his vice presidential pick by the end of the week and that he is leaning toward a "political" pick rather than a "military" one.