The protected classes love the Status Quo, because it exists to protect their privileges. The unprotected classes loathe the Status Quo for the same reason. Anyone who thinks the Democratic Party isn't imploding for the exact same reasons the Republican party is imploding is purposefully ignoring reality - a reality that threaten the protected classes' lock on wealth and power.
If there was still any doubt whether the Trump juggernaut can be stopped before, if not so much after the Michigan primary earlier this week, it can be laid to rest now because shortly after Trump received the endorsement of Chris Christie, the real estate mogul has now secured his second highest profile backing, that of Ben Carson who according to the Washington Post will endorse Trump officially on Friday morning.
The Washington Post was sold in 2013 to libertarian Amazon CEO Jeff Bezos, who is worth approximately $49.8 billion. Despite being ideologically opposed to the Democratic Party (at least in principle), Bezos has enjoyed friendly ties with both the Obama administration and the CIA. As Michael Oman-Reagan notes, Amazon was awarded a $16.5 million contract with the State Department the last year Clinton ran it.
If the establishment had its way, America would be no country for angry white men.As WSJ reports, Tuesday’s primary elections underscored an emerging, central reality of the 2016 presidential campaign: This is the year of the dissatisfied white male.
The sergeant-at-arms said, "The people that run this want you ejected, they don’t want you here," Fouts said. When asked if it was Wasserman Schultz making the request, Fouts said, "The security guy said, ‘Don’t say I said it.’"
The GOP’s preferred candidate was obviously Jeb Bush. The last name says it all. But that crashed and burned in dramatic fashion and so, the establishment shifted its support to Marco Rubio. That worked out for all of one caucus.
With China's Plunge Protection Team having intervened and set a positive spin on another poor session, traders put declines in Asia behind them as European markets rose along with U.S. index futures and commodities. European shares advanced for the first time in three days on speculation the region’s central bank will ramp up monetary stimulus on Thursday. A gauge of raw materials rebounded from its biggest selloff in a month, buoyed by gains in oil and copper. Furthermore, the previously noted selloff in Japanese government bonds - one which triggered circuit breakers and which some speculated may have been precipitated by the BOJ itself - dragged Treasuries and German bunds lower, gold fell a second day and the euro dropped versus most of its major peers.
But no matter what happens on the Republican side from this point forward, it is going to take a miracle of epic proportions to keep Hillary Clinton from winning the presidency. Every plausible scenario ends with her in the White House, and that is a truly horrible thing to imagine.
It was a primary "Super Saturday" of surprises for the presidential candidates after Bernie Sanders took two of three contested states in the Democratic race, winning the caucuses of Nebraska and Kansas while in the Republican race Ted Cruz unexpectedly tied with Donald Trump, winning the smaller half of the night's four nominating contests, in Kansas - where Trump had been leading in the polls - and Maine. Nonethelesss Trump is holding onto his lead in the presidential race, one which remains his to lose.
While the Fed realizes that its actions are impacting the market, and that plunging gas prices are not the "unambiguously good" thing macrotourists expected one year ago, it now has to deal with not only the highest core inflation in years, but rising wages.And just like that, the March FOMC meeting just went "rate hike" hot again.