Trump’s corporate tax cut is supply-side stimulus I could agree with if done right, even though it primarily helps the rich. Trump's cut of the top rate from 35% to 15% is the largest of its kind in the history the United States.
In America today, we are enjoying a standard of living that we do not deserve. We consume far more wealth than we produce. The only way we are able to do that is by going into debt. Debt takes future consumption and brings it into the present. In other words, we are damaging the future in order to make the present a little bit better.
In yet another fit of populist rage, Hillary Clinton is set to unveil her 'fairness doctrine' for the drug industry. As Reuters reports, Clinton will create an "aggressive new set of enforcement tools," including the ability to levy fines and impose penalties on manufacturers when there has been an "unjustified, outlier price increase." In other words - government-imposed price controls - ask the Venezuelans how that ends...
Obama needs to ensure he gets well compensated after leaving office for a job well done protecting, defending and further enriching the global oligarch class. This is precisely why he’s so adamant about passing the TPP during the upcoming lame duck session of Congress, when he knows “representatives” who no longer face reelection can be coerced or bribed into voting for this monumental public betrayal. The Trans-Pacific Partnership (TPP) ins’t really a free trade deal, it’s a way for global oligarchs to consolidate, grow and protect their enormous wealth. The whole thing is absolutely disgusting and epitomizes all that is wrong and unethical about the world today.
The United States and its negotiating partners agreed "in secret" to allow Iran to evade some restrictions in last year's landmark nuclear agreement in order to meet the deadline for it to start getting relief from economic sanctions. Which means Obama lied: the U.S. administration has said that the world powers that negotiated the accord - the United States, Russia, China, Britain, France and Germany - made no secret arrangements.
What do you do when you're the dictatorial leader of an oppressive government regime looking to maintain power while simultaneously preserving the facade of free and open elections? Well, if you're the Obama administration then you look for avenues to nationalize state-run election infrastructure.
As attention turns to what is now the biggest wildcard in global oil demand, one which could directly lead to the evaporation of up to 1 mmbpd in demand, Bloomberg writes that "the world is puzzling" over China's Strategic Oil Reserve, and with good reason: if 1mm barrels of oil demand were to disappear, the price of oil would plunge as the already oversupplied market would find itself with an unprecedented glut of excess production.
Yesterday, the White House announced that the US had met President Obama’s goal of admitting 10,000 Syrian refugees into the country; it did so ahead of schedule. So where are they going: the top state destination for refugee influx are the states of Michigan and California.
"The Clinton Foundation has become a symbol of the Clintons’ laudable ambitions, but also of their tangled alliances and operational opacity. If Mrs. Clinton wins, it could prove a target for her political adversaries. Achieving true distance from the foundation is not only necessary to ensure its effectiveness, it is an ethical imperative for Mrs. Clinton."
Very soon, on October 1, 2016, much of the internet's governance will shift from the US authority (NTIA) to a nonprofit multi-stakeholder entity (ICANN). The Obama Administration says that the transition will have no practical effects on the internet's functioning or its users, but an internal proposed strategy from George Soros' Open Society Justice Initiative calls for international regulation of private actors’ decisions on “what information is taken off the Internet and what may remain," which should favor “those most supportive of open society.”
We are in the midst of a huge propaganda blitz by the Pentagon and its affiliated military-industrial complex. We’ve seen the results before and hopefully they will not reoccur with such worldwide viciousness again. Is it possible that this time the Pentagon’s lurid lies will fail to awake public terror and instead incite indignation at military-industrial manipulations. That would be an outcome dearly to be desired in this awakening Internet era.
Brazil remains totally paralyzed by the political/institutional farce. The 8th largest economy in the world, second largest exporter of food products, and largest industrial platform in the developing West is bleeding, badly. Oil workers are accusing the Mob for 1.5 million lost jobs. Huge infrastructure projects are stalled. Large construction companies are virtually broke; Odebrecht by itself fired over 70,000 workers. In parallel Temer The Usurper’s «government» has already started to enact its masterplan – straight from disaster capitalism’s playbook.
Mr Trump may have had an appalling August but he is not to be underestimated. There is still a long way to go before November 8th. Who could have thought a majority of the British people would have been so ignorant to endorse the lies and bigotry of the Leave campaign and opt to plunge the UK into its greatest existential identity crisis since WWII. For Mrs Clinton paradoxically this is her moment of maximum peril. It is always at the moment when she is doing best and riding high in the polls that the US national media turn on her and attempt to burst her bubble.