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DeVos Confirmed As Education Secretary After Pence Casts First Ever VP Tiebreaking Vote

As previewed earlier, in a vote that many had expected would end up deadlocked 50/50 in the Senate, moments ago the confirmation vote for Trump's Education Secretary candidate Besty DeVos was indeed tied in the Senate after two Republicans - Collins and Murkowski voted against -  which then prompted Vice President Mike Pence to cast the first ever tie-breaking vote for a cabinet nominee in Senate history, in the process confirming DeVos as America's new Secretary of Education.

S&P Futures, European Stocks Bounce As Dollar Rises Most In Two Weeks; Gold, Yen Slide

The dollar rebounded from a key support level, strengthening against all major peers, pushing S&P futures higher as European shares rose, led by basic resources and real estate, while Asian stocks fall. Gold fell from its highest level since November as demand for some haven assets ebbed while global bonds declined. Oil dipped, pressured by a stronger dollar.

Canada At 150: Hate Crimes & The Chinese Question

As it turns 150 years old in 2017, Canada faces a surge in hate crimes amid growing nativist anger against Chinese migrants, Muslim refugees, and public officials for their alleged role in worsening the country’s socio-economic conditions, said community leaders and analysts.

The Market Wizard's Wizard - An Interview With Jack Schwager

"...someone with a great risk-adjusted return might have employed a strategy of selling way out-of-the money puts on equities since late 2008. That strategy would have produced great return/risk performance, almost like a money machine, but the trouble is that type of strategy also embeds a large tail risk. So even though the track record of this strategy would show low volatility, there would be the risk of catastrophic losses... Ironically, many strategies with low volatility are the most susceptible to event risk.

Putting An End To This Hitler Nonsense...

"...people are comparing Donald Trump to Hitler. And the countdown has officially begun, to ...well ...I don’t know ...but something really bad. But if you study enough about it, you realize the guy vetting and banning refugees is probably not Hitler …the guy CREATING refugees probably is. If we keep looking for Hitler in every United States president we disagree with, we’re not going to recognize the real one when he actually shows up …in a different country."

Who Are Those Refugees Australia Doesn't Want?

Whether there is an agreement to be had between the United States and Australia for the resettlement of Australia's interned population or not, it is clear that this deal had more to it than the Obama Administration - or the Turnbull government - wanted to admit.