Authored by Raul Ilargi Meijer via The Automatic Earth blog,
You would think, certainly if you were as naive and innocent as I am, that when you get offered the job of Chair of the Federal Reserve, you must be sure, before accepting, that you have the credentials and the knowledge required. If you don’t, it looks as if you don’t take the job seriously. Janet Yellen, who’s been Chair since January 2014, doesn’t seem to agree.
This afternoon, during a speech in Indianapolis, President Trump was expected to reveal, for the first time, the details of the long-anticipated Republican tax reform proposal that calls for substantial business and individual tax cuts. But in a political era where every little thing is leaked to the media, we no longer have to wait for presidential speeches to learn the details of key pieces of legislation. As such, below is a 9-page summary of Trump's tax plan courtesy of Bloomberg.
Here are the highlights:
GOALS
After leaking details about the controversial “Russia ads” to the media earlier this week (a decision we presume was made to save investigators the trouble of leaking it themselves), Facebook has revealed to the Financial Times that it expects to finally turn over the more than 3,000 Russia-bought political ads to US lawmakers in the coming days.
A Dallas jury ordered JPMorgan Chase to pay more than $4 billion in damages for mishandling the estate of a former American Airlines executive.
Authored by Nomi Prins via TomDispatch.com,
During the 2016 election campaign, Donald Trump repeatedly emphasized that our country was run terribly and needed a businessman at its helm. Upon winning the White House, he insisted that the problem had been solved, adding, “In theory, I could run my business perfectly and then run the country perfectly. There's never been a case like this.”