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Conservative Republicans are girding themselves for a clash with Donald Trump’s administration, warning that lax spending plans could put national debt on a steeper upward trajectory. The president has wrongfooted Republican deficit hawks by proposing to slash tax, protect social security and Medicare, boost defence spending and build a wall along the border with Mexico. Some lawmakers fear even fiscally conservative colleagues will buckle in the face […]

By Leika Kihara and Tetsushi Kajimoto | TOKYO TOKYO Japan will push back firmly on any attempts by U.S. President Donald Trump’s administration to meddle with its independence on setting currency and monetary policies, say sources familiar with the deliberations in Tokyo. It was the first clear sign from Japan that Tokyo won’t allow Trump to dictate domestic economic policy, leaving room for potential tensions between the […]

Submitted by Brandon Smith via Alt-Market.com, As I outlined in my article ‘The False Economic Narrative Will Die In 2017’, the mainstream media has been carefully crafting the propaganda meme that the Trump administration is inheriting a global economy in “ascension,” when in fact, the opposite is true. Trump enters office at a time of longstanding decline and will likely witness severe and accelerated decline over the […]

The UAE’s efforts to help eradicate polio in Pakistan “cannot be underestimated” and has played a significant role in the turnaround seen in the country since 2014, according to the World Health Organisation. WHO said in a statement that in 2016, fewer children were paralysed by polio than in any other year globally, and in Pakistan. Despite many challenges faced by the polio programme, Pakistan has made […]

Friday 02.15 GMT Overview Asian markets retreated following another cautious session on Wall Street overnight. Investors have headed to the sidelines as they digest the Federal Reserve’s most recent policy meeting and await the closely watched US jobs report due later on Friday. Hot topic Central banks have been in focus this week. The Bank of Japan, Federal Reserve and Bank of England have all kept monetary […]

The rouble turned volatile as investors made sense of a tweak by the Trump administration to part of the US sanctions on Russia. The currency moved 1.7 per cent higher, trading at an 18-month high of RUB58.547, before quickly giving up most of that rise and falling back below the RUB59 level as investors parsed the decision. The changes in the sanctions appeared to re-authorised certain technology […]

As we detailed earlier, the US Treasury eased some sanctions against Russia (specifically the FSB), and it seems the equity markets just caught on as Russia ETFs are jumping on extremely heavy volume…   Source link

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By Yashaswini Swamynathan U.S. stocks slipped on Thursday, as bank stocks fell after the Federal Reserve provided little clarity into whether it would raise interest rates at its next meeting, even as the central bank painted an upbeat picture of the economy. The Fed, which left interest rates unchanged on Wednesday, gave no firm signal of a hike in March as it closely watches the impact of […]

For Syrians, Mr. Trump is merely pushing to extremes a process that has been going on for years. The situation of the refugees, and the underprivileged in general, has been worsening everywhere for a generation. Syria exemplifies a greater global failure. Continue reading the main story The executive order barring Syrians and the citizens of six other countries was among Mr. Trump’s very first actions in the […]

Currency traders are in a bind. Has the dollar rally run out of steam and is it ripe for a big sell-off, or has bullish momentum paused ahead of another leg higher? Here are the pros and cons for the currency as we approach several key events in February. What’s bugging the dollar? Investors’ second thoughts. Dollar trading in recent months can be split into three phases. […]

Targeting the weak The us-versus-them dynamic is “easy for many people to rally around,” said Jonathan D. Weiler, a political scientist at the University of North Carolina. Targeting feared or unpopular minorities is a way of “setting a boundary,” said Sheri E. Berman, a political scientist at Barnard College — a way to distinguish between “us” deserving of protection, and “them” who are a threat. Continue reading […]

The Western Australian government has awarded a contract to Telstra Health to roll out a AU$10 million Community Health Information System in an effort to “close the gap” in access to health information between metro residents and those living in rural areas. The health information system is designed to record data on children’s health, including their vaccinations, as well as providing information about public health issues, management […]

By Alex Dobuzinskis and Mica Rosenberg | LOS ANGELES/NEW YORK LOS ANGELES/NEW YORK A federal judge in Los Angeles has ruled President Donald Trump’s administration must allow immigrants with initial clearance for legal residency to enter the United States from seven Muslim-majority nations, despite an executive order ban. Tuesday’s ruling by U.S. District Judge Andre Birotte Jr follows decisions by federal judges in at least four other […]

The banking caucus Economic stability and improved bank safety haven’t stopped supporters of the Choice Act from moving forward with tearing down Dodd-Frank. The bill was introduced in September by Rep. Jeb Hensarling, a Texas Republican who is a deregulation crusader and friend of Vice President Mike Pence; Pence represented Indiana in the House from 2001 to 2013 and was a critic of Dodd-Frank when the law […]

TOKYO Asian shares inched up to four-month highs while the dollar was finding its feet on Thursday after the U.S. Federal Reserve stuck to its mildly upbeat economic view but gave no hint of accelerating rate hikes. While strong economic data from the United States and elsewhere have underpinned risk assets, uncertainty and concerns over U.S. President Donald Trump’s policies have markets on edge. “With many of […]

February 2, 2017 by: Hudson Lockett in Hong Kong Thursday 02.00 GMT Overview Stock markets were mixed in Asia after the US Federal Reserve left interest rates unchanged but hinted at further rises this year. The Australian dollar gained against its US counterpart on data showing a record trade surplus, while oil pared back some of Wednesday’s gains. Hot topic The Australian dollar gained 0.6 per cent […]

This May 13, 2014, file photo shows a row of Google self-driving Lexus cars at a Google event outside the Computer History Museum in Mountain View, Calif. California regulators release safety reports filed by 11 companies that have been testing self-driving car prototypes on public roads on Wednesday, Feb. 1, 2017. The papers report the number of times in 2016 that human backup drivers took control from […]

A law clerk from Toronto and a paralegal in Montreal commanded a prolific corporate empire of nearly 200 companies over the past 25 years — while knowing nothing about the businesses or the multimillion-dollar deals bearing their names, they say. Karen McIntyre of Toronto and Annette Laroche of the Montreal area both say they filed company tax returns without any idea if the numbers were accurate, signed […]

Before becoming a federal judge, U.S. Supreme Court nominee Neil Gorsuch wrote prolifically about assisted suicide, a polarizing issue that’s gotten more attention as the right-to-die legalization movement has gained ground nationally and abroad. In law journal articles and in a 300-page book, Judge Gorsuch pushed back against “aid-in-dying” advocates who support giving terminally ill patients […] (via WSJ)

IBM Watson can now do your taxes for you IBM’s Watson is going to start doing taxes via a partnership with H&R Block. The companies said that H&R Block will apply Watson to tax preparation starting February 6. Tax professionals will use Watson to improve customer service, identify credits and deductions. IBM and H&R Block sais Watson will augment humans. In addition, H&R Block with Watson will […]

By Rodrigo Campos | NEW YORK NEW YORK The S&P 500 edged higher on Wednesday to cap a four-day losing streak, buoyed by gains in Apple shares and after the Federal Reserve kept U.S. interest rates unchanged, as expected. Apple (AAPL.O) shares rose 6.1 percent to $128.75, its highest close in a year and a half. This made it the biggest positive influence on the three major […]

By Lindsay Dunsmuir and Jason Lange | WASHINGTON WASHINGTON The Federal Reserve kept interest rates unchanged on Wednesday in its first meeting since President Donald Trump took office, but painted a relatively upbeat picture of the U.S. economy that suggested it was on track to tighten monetary policy this year. The central bank said job gains remained solid, inflation had increased and economic confidence was rising, although […]

The Federal Reserve signalled it remains on course for further increases in short-term interest rates this year as inflation heads back towards target, even as it avoided giving strong indications on the timing of the next move. The US central bank’s Federal Open Market Committee left the federal funds target range at 0.5 per cent to 0.75 per cent in a unanimous decision, following a quarter-point increase […]

Submitted by Charles Hugh-Smith via OfTwoMinds blog, We cannot advance until we dump the Technocrat Class and decentralize the power that the Liberal Establishment happily concentrated into the hands of corporate cartels and the central state. Those who don’t yet understand our centrally-planned cartel-state system will benefit from reading How Democrats Killed Their Populist Soul (The Atlantic). I’ve presented related analyses in three recent essays: The Protected, […]

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