With many of the key cabinet positions in Trump's administration having been filled, one major post remained open: that of Energy Secretary. However according to Bloomberg, the mystery is almost over as Donald Trump has narrowed his search for energy secretary to four people.
Submitted by Ryan McMaken via The Mises Institute,
The United States was originally constructed in such a way that the states themselves would dominate the electoral process. Historically, states have determined who can vote, when they vote, and how they vote. Through this power states have also been given limited de facto power of determining citizenship.
From "the end of cash" to "Trump muzzling The Fed" to "Russia going on the warpath", Nomura unveils its unlikely-but-impactful grey swan scenarios for 2017...
As Nomura writes, while we would like to be able to predict black swans, by definition they are unpredictable. However, its close cousin, the grey swan, can be envisaged.
Moody's has cut Italy's long-term senior unsecuredd government debt rating outlook from 'stable' to 'negative', leaving it at Baa2 for now. Citing "slow and halting progress" on economic and fiscal reform in Italy, noting that reduction in Italy’s large debt burden will be further postponed given subdued medium-term growth prospects, recent fiscal slippage.
The drivers for today's rating action are:
President-elect Trump will have about 4,000 government positions to fill, including some of the most important posts in the US government. As CNN details below, cabinet positions require Senate confirmation, but other key posts are completely up to the discretion of the President.
So far 9 of the 16 'big' ones have been named...
The Chosen Few
Secretary of Defense
Gen. James Mattis
Retired Marine general