Asia

In a stunning blow to the world's most valuable private company (purportedly worth some $70 billion), London's taxi and livery car regulator has said it won't renew Uber's operating license once it expires at the end of the month. The regulator said Uber "is not fit and proper to hold a private hire operator license."

"TfL considers that Uber's approach and conduct demonstrates a lack of corporate responsibilit in relation to a number of issues which have potential public safety and security implications. These include:

One day after the much anticipated Fed announcement in which Yellen unveiled the "Great Unwinding" of a decade of aggressive stimulus, it has been a mostly quiet session as the Fed's intentions had been widely telegraphed (besides the December rate hike which now appears assured), despite a spate of other central bank announcements, most notably out of Japan and Norway, both of which kept policy unchanged as expected.

Submitted by Bill Blain of Mint Partners

Blain’s Morning Porridge – September 20th 2017

     “New Car, caviar, four star daydream, think I’ll buy me a football team….”

Will they? Won’t they?  I’m not talking about Donald’s playground bluster about nuking North Korea back to the 1950s. Shocking and intemperate. Yes. But, plays to his audience.

The day has finally arrived: today the Fed will officially announce the start of its balance sheet shrinkage (full preview here) while keeping rates unchanged, perhaps hiking again in December (market odds at 56%), while revising its economic projections and "dots", most likely in a lower direction.

Actions of A Bully Child or Dying Empire: Sanctions and Threats

Posted with permission and written by Rory Hall, The Daily Coin

As the Western world continues to slide into the dust bin of history, it is not going without a fight. As with any “wounded animal”, once the reality of pain permeates the body, it typically lashes out at anything or anyone within arms' reach. In the case of the Western world, arms'-reach is merely the push of a button and everything begins to change.