Politics

While the recent dramatic revision in construction spending - a direct input into GDP - which as we noted earlier this week, was a huge revision in the series  by the US government which admitted to "processing errors" would lead to substantial downward revisions to recent GDP prints, moments ago the US November Trade deficit printed at $42.4 billion, down from $44.6 billion in October and better than the $44.0 billion consensus expectation.

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

U.S. President Barack Obama is not just the world’s best gun salesman, he’s also the world’s worst gun control spokesperson.

 

Despite immediately politicizing every single shooting event in recent years by using his bully pulpit to lecture the American public on why citizens must give up their rights to feel safe, his message has fallen on deaf ears. Why?

 

Government corruption has become rampant:

Authored by Ben Tanosborn,

When last we checked in on the dispute over Beijing’s land reclamation efforts in the South China Sea, several dozen protesters from the Philippines were camped out on Pagasa island in a demonstration aimed at raising awareness of what they say is an illegal occupation of the Spratlys.

To let China tell it, it’s the other way around.

That is, the Filipino troop presence in the archipelago represents an illegal occupation of territory that belongs to Beijing and China would be well within its rights to forcibly expel the occupying army.