By EconMatters
We discuss a preview of January`s Earnings releases and how massive the gap down in most of these stocks will be when they report in a month. There have already been two earning`s guide downs from industrial companies this past week in UTX, and HON.
Hinting at a substantial clampdown on government spending over the next four years, this morning President-elect Trump announced the selection of South Carolina Rep. Mick Mulvaney to be his first budget director, a nomination which would put a "fiscal conservative hawk" in charge of managing the federal budget and the logistics of government affairs.
A Cold War-era storage facility in the Netherlands has been reopened and about to be restocked with tanks by the US military, as part of a drive to demonstrate NATO’s power amid rising ‘Russian aggression’. 1,600 vehicles are due to be stored at a six-warehouse complex in the southeastern village of Eygelshoven, near the Belgian and German borders. RT reports: The facility was originally opened in 1985 during the Cold War, when it was used by US troops to practice drills in case of a possible Soviet attack.
Barron's Asia: When you look ahead to 2017, what keeps you awake at night?
Amando Tetangco: Short term, the Fed rate hikes -- the timing and the magnitude. Of course, this would be related to the policies that the new U.S. administration will adopt. Medium-to-long term, the retreat from multi-lateralism. That is related to the performance of the global economy - the major and various economies, and emerging markets like China.
Submitted by Nick Bernabe via TheAntiMedia.org,
National Security Agency (NSA) inspector general George Ellard, an outspoken critic of whistleblower Edward Snowden, personally retaliated against another NSA whistleblower, Adam Zagorin reported at the Project on Government Overreach (POGO) on Thursday.
An intelligence community panel earlier this year found that Ellard had retaliated against a whistleblower, Zagorin writes, in a judgment that has still not been made public.