Tribune

Discoverer Of DNA's Double-Helix Banned From U of I For "Failing Test Of Decency"

Nobel Laureate James Watson, one of the world's most important living scientists, was set to give a lecture at the University of Illinois at Urbana-Champaign. Until he was disinvited - not because of anything related to his groundbreaking co-discovery of the structure of DNA but because some faculty members say he has racist views.

Illinois Democrats In Senate Pass 33% Hike Of Personal And Corporate Income Taxes

Senate Democrats in Illinois are pushing ahead with a new budget proposal that includes a massive personal and corporate income tax hike and an expansion of the state's sales tax, after saying they are no longer willing to wait for a broader deal with Republicans.  In all, the package is expected to cost Illinois taxpayers an incremental $5 billion.

Frontrunning: May 16

  • Trump Says He Has ‘Absolute Right’ to Share Terrorism Facts with Russia (WSJ)
  • Russia's response: don't read U.S. newspapers (Reuters)
  • How the Democrats Are Trying to Beat Back Trump (BBG)
  • Trump to Join Pence in Disclosing 2016 Financial Information (BBG)
  • Clue in Ransomware Cyberattack Points to a Group Linked to North Korea (WSJ)

Frontrunning: May 9

  • Yates warned Trump over Flynn blackmail fears (Reuters)
  • Former Trump security aide was Russia blackmail risk: ex-U.S. official (Reuters)
  • Visiting the White House Can Boost Your Stock Price. So Who’s Visiting Trump? (BBG)
  • Investors Lighten Up on U.S. Stocks, Betting on Europe (WSJ)
  • Oil steadies but rattled by concern about OPEC's clout (Reuters)

Frontrunning: May 8

  • Macron victory reshapes European politics (Reuters)
  • Macron Vows to Heal France’s Divisions After Victory Over Le Pen (BBG)
  • Macron’s Style Choices – CEO or Chairman? (BBG)
  • Euro gives up gains as investors look to post-election France (Guardian)
  • China's April trade growth slows as commodities, electronics demand cools (Reuters)

Macron Victory Leads To "Risk Macr-Off" In Europe, Poor China Trade Data Doesn't Help

It was supposed to be Risk Macr-ON after Emmanuel Macron's avalanche victory in Sunday's French presidential elections; instead as some banks cautioned and as we showed early in the overnight session, the market reaction has been the opposite with the victory fully priced in and especially in the European currencies and stocks, as well as S&P futures, we have seen a modest episode of Risk Macr-Off.

Frontrunning: May 1

  • Congress Inks Spending Deal That Jettisons Trump Priorities (BBG)
  • Trump Pushes for Vote on Health Bill but Hurdles Remain (WSJ)
  • Apple’s Cash Hoard Set to Top $250 Billion (WSJ)
  • Hamas to soften stance on Israel, Muslim Brotherhood in policy document (Reuters)
  • UPS Tries a New Twist on Surge Pricing (WSJ)

Futures Rise On Government Funding Deal; Most Global Markets Closed For Holiday

With much of Europe and Asia, including the U.K., France, Germany and China markets closed for Labor Day, Asian stocks and the dollar rose buoyed by news that Congress had reached a deal to keep the US government funded through the end of September. S&P futures are up 4 points or 0.2%. Oil declined as rigs targeting crude in the U.S. rose for a fifteenth week and output from Libya rebounded.

Chicago Airport Security Chief Fired After United Airlines Debacle

Following United Airlines' settlement with David Dao (with no one from the airline being fired), it seems a scapegoat has been found. AP reports, Jeffrey Redding, the head of security at Chicago's airports, "has been terminated from his duties" at O'Hare and Midway airports. No reason was given.

Media Downplays America's Bombing Of Civilians In Mosul

This is how US media operate: Staunch skepticism is reserved for reports on the crimes of the US and its allies, whereas rumors and myths are reported as facts when they shine negatively on enemy governments.