Over the weekend, Deutsche Bank's chief credit strategist Dominic Konstam released a report in which as we documented, he explained his reasons why "the market is not ready for a June hike." This was his key point:
The operative question is whether markets are sufficiently calm for the Fed to use the June 2016 meeting to pave the way for a July hike.
Will Russia Succumb To Washington’s Economic Attack?
Paul Craig Roberts
Yesterday State Department deputy propaganda spokesperson Mark Toner reminded US companies that there are economic and reputational risks associated with doing business with Russia until Russia gives Crimea back to Washington’s puppet government in Kiev.
http://sputniknews.com/politics/20160524/1040134996/russia-us-business-sanctions.html
I see the matter differently from the US State Department.
House Speaker Paul Ryan has begun telling confidants that he wants to end his standoff with Donald Trump according to Bloomberg. Just 3 weeks after "just not being ready" to endorse Trump, and 2 weeks after signalling "unity" having met with The Donald; it seems the speaker's decision, according to two people close to the lawmaker, was driven in part because he’s worried the split has sharpened divisions in the Republican Party.
Just 10 days ago we asked, What is Ryan up to?
ThinkProgress slammed the NRA over the weekend. The gun group supports federal legislation to let felons win their firearm rights back—something that is essentially impossible for those convicted in federal court. (It’s determined state-by-state otherwise.) But the organization’s executive vice president recently criticized moves in Virginia and Maryland to restore felons’ voting rights.
The point is fair, but it cuts both ways. Efforts to restore voting rights typically leave gun rights untouched, too.
Submitted by Zainab Calcuttawala via OilPrice.com,
In a 7-4 vote, Councilors of the county of North Yorkshire approved industrial tests on Monday in a move that will allow fracking in Britain for the first time in five years.
The Guardian reported that the go-ahead “swept aside” vocal protests from residents and environmentalists who feared “catastrophic seismic activity, health problems, and pollution” if hydraulic fracturing was introduced.