President Donald Trump is leaving his administration’s push to pass comprehensive tax reform before year’s end in the hands of his trusted deputies while he embarks this morning on a 10-day tour to Asia, where he’s expected to discuss, among other topics, the security threat that North Korea poses to both the region and to the world more broadly.
One day after the dollar slumped sharply on initial disappointment with the GOP tax plan, the greenback has rebounded ahead of a nonfarm payrolls report that is expected to show the US economy gained over 300,000 jobs in the post-hurricane rebound, and as investors reassessed the latest news on U.S. tax-cut plans. Stocks in Europe and Asia advanced, US equity futures were as usual in the green, while oil headed for an eight-month high on signs OPEC will agree to extend supply cuts.
Authored by Pepe Escobar via The Saker blog,
The 19th Party Congress has made it very clear that “socialism with Chinese characteristics” – as codified by President Xi Jinping – is China’s road map ahead. Not only does the strategy graphically eschew those much-lauded “Western values”; it will, in Xi’s own words, offer “a new option for other countries and nations who want to speed up their development while preserving their independence.”
Submitted by Elijah Magnier, Middle East based chief international war correspondent for Al Rai Media
Iraqi forces continue to advance on al-Qaem, the last "Islamic State" (ISIS) stronghold in Iraq, which will put the last stone over the terrorist group’s grave and on the so-called “Islamic State Caliphate” that so much occupied the world’s headlines over the last few years and indeed, large parts of Iraqi and Syrian territories.
It has been more than six weeks since North Korea has conducted a missile test, the longest lull so far this year, but that could be about to change, Reuters reported, citing unnamed South Korean military officials.
South Korean intelligence has detected a flurry of activity including the movement of vehicles has been detected at the North’s missile research facilities in Pyongyang, where the most recent missile test was conducted, pointing to another possible launch, South Korea’s Intelligence Service said in a briefing to lawmakers. It did not say how the activity was detected.