Politics

Following former Goldman Sachs' partner Steve Mnuchin's visit to Trump Tower this morning (as the decision over Treasury Secretary looms), the Trump transition team just announced that Donald Trump and Mike Pence will meet with Goldman Sachs COO Gary Cohn (but provided no details on whatthey would discuss).

As Bloomberg reports, Cohn joins a long line of people who are offering advice or being considered for administration positions.

In the first of what Mike Pence called "several very important announcements," Politico reports that former Labor Secretary Elaine Chao is set to be announced later Tuesday as President-elect Donald Trump’s choice to lead the Department of Transportation.

The other contender for the position was former Democratic U.S. Representative from Tennessee Harold Ford.

As Politico adds:

News From The Breakaway Republics

This has come to me from the independent Donbass region. The Western media provides nothing but disinformation about this area of the world as part of the ongoing demonization of Russia.

Submitted by Mike Shedlock via MishTalk.com,

Gallup’s Daily Obama Approval Rating poll shows Americans view president Obama consistently higher now than at any time since 2009.

His popularity is more of a reflection on Obama being a likable person, than having likable policies. It’s also a reflection on the extreme unpopularity of both Hillary Clinton and Donald Trump.

Complete Failure

Likable or not, Obama’s legacy will be one of complete failure. Vox reports The whole Democratic Party is now a smoking pile of rubble.

In what appears to be a material shift in the perceived OPEC balance of power, while Iran (and Iraq) have so far refused to concede to Saudi demands for production cuts, moments ago Reuters reported that in what can only be described as a demonstration of power, Iran proposed that it be Saudi Arabia that foots the entire proposed production cut, by reducing its own production to 9.5 million barrels.