America

Authored by Dan Sanchez via The Foundation for Economic Education,

The State is a state of mind; it is the herd mindset itself.

Several months ago it emerged that the Republican sponsor behind the Fusion GPS Trump project was hedge fund billionaire Paul Singer, a fact which surprised many who expected that John McCain would be the GOP mastermind looking for dirt in Trump's past.

Authored by Grace Carr via The Daily Caller,

California may be a hub for business and technological advancement, but its teachers aren’t matching the success of the state’s entrepreneurs.

Authored by Robert Bruner, op-ed via TheHill.com,

Ten years ago this month, a recession began in the U.S. that would metastasize into a full-fledged financial crisis. A decade is plenty of time to reflect on what we have learned, what we have fixed, and what remains to be done. High on the agenda should be the utter unpreparedness for what came along.

The memoirs of key decision-makers convey sincere intentions and in some cases, very adroit maneuvering. But common to them all are apologies that today strike one as rather lame.

Over the past week we have shown on several occasions that there once again appears to be a sharp, sudden dollar-funding liquidity strain in global markets, manifesting itself in a dramatic widening in FX basis swaps, which - in this particular case - has flowed through in the forward discount for USDJPY spiking from around 0.04 yen to around 0.23 yen overnight. As Bloomberg speculated, this discount for buying yen at future dates widened sharply as non-U.S.