Within the political-financial establishment, the more things change, the more, it seems, they stay the same. As Trump moves ahead with his cabinet picks, several of them already stand out in a Mellon-esque fashion for their staggering wealth, their legal entanglements, and the policies they seem ready to support that sound like eerie throwbacks to the age of Harding.
In what is being touted as further diversification of the president-elect administration, Donald Trump is expected to name Rep. Cathy McMorris Rodgers (R-Wash.) to lead the Interior Department, according to reports. McMorris Rodgers gets the nod ahead of Sarah Palin and Harold Hamm.
Trump picks conservative Oklahoma Attorney General Scott Pruitt to head up the EPA, a man who has “led the charge with repeated notices and subsequent lawsuits against the U.S. Environmental Protection Agency for their [sic] leadership’s activist agenda.”
Donald Trump today announced that he is establishing the President’s Strategic and Policy Forum. The Forum will be called upon to meet with the President "frequently to share their specific experience and knowledge as the President implements his plan to bring back jobs and Make America Great Again. The Forum will be chaired by Stephen Schwarzman, Chairman, CEO, and Co-Founder of Blackstone." Its members also include Jamie Dimon and Larry Fink.
In the first of what Mike Pence called "several very important announcements," Politico reports that former Labor Secretary Elaine Chao is set to be announced later Tuesday as President-elect Donald Trump’s choice to lead the Department of Transportation.
With the Trump cabinet filling up, but a number of key positions still to be announced, vice-president-elect Mike Pence told Fox News tonight that "there will be very important announcements tomorrow."
We still don’t know the outcome of the 2016 election, in which our “democratic process” has produced two candidates widely despised by the American people, but we do know the race’s biggest loser: reporters and the profession of journalism, which has been reduced to surrogacy, largely on behalf of Hillary Clinton.
Six months ago, Steven Mnuchin became finance chair for the Trump campaign. Having succesfully helped to raise 10s of millions of dollars for the campaign, the former Goldman Sachs partner and Soros Fund management employee is now positioned for something much larger as Donald Trump reportedly told his aides today that he wants Mnuchin to serve as his Treasury Secretary.
It appears that Argor-Heraeus, one of Switzerland's 4 giant gold refineries, is about to be acquired. Including Metalor and Valcambi, that would make 3 Swiss gold refinery takeovers in less than 18 months.