America

While Jamie Dimon tried to maintain his traditionally optimistic outlook in his annual letter to shareholders, there was a distinct undertone of pessimism in the latest 45 page letter released earlier today, in which he writes that while the U.S. is "truly an exceptional country," probably stronger than ever before, he cautions that "something is wrong - and it's holding us back."

Here are the highlights from the gloomy passage reposted below in its entirety.

The Washington Post is out with a few more leaks today, this time purporting that Trump is set to impose two liberal wet dreams on the people, VAT and carbon taxes.

Continuous, aggressive innovation has been a key component of America's success since its founding over 200 years ago.  As such, the country's taxing authorities have historically gone to great lengths to encourage innovation through tax incentives, public private partnerships, etc.  That is, until now.

In a rather stunning Quartz interview a few weeks back, Bill Gates, who ironically made his fortune from innovation, proposed that automation should be taxed rather than incentivized.

It's official - for the first time ever, Elon Musk's government-subsidized car-maker is America's most valuable auto manufacturer.

Tesla shares surged another 1% today, amid a continued "trouble in shortville" ramp, topping $300 for the first time...

That gives the company a total value of $52.7 billion.

That's more than GM's $49.6 billion valuation. Tesla chief executive Elon Musk says he expects the company to sell 500,000 cars next year. GM, meanwhile, sold more than 20 times that many last year.

Submitted by James Durso

“The lion is back in his den!”

Hosni Mubarak, former President of Egypt, walked free last week after six years in detention on charges of murder and corruption. What does the U.S. have to show for it? Nothing.