Politics

Authored by Raul Ilargi Meijer via The Automatic Earth blog,

Amid a two-day tumble in stocks, Taipei-based Economic Daily News reports that the Taiwanese government unleashed its 'Plunge Protection Team' yesterday as the local stock market fell on growing tensions between the U.S. and North Korea.

Eight Taiwan government-run banks bought combined net NT$1.96 billion (around US$65 million) of shares Wednesday to stall the slump...

Authored by Ilana Mercer via The Mises Institute,

On the eve of the federal convention, and following its adjournment in September of 1787, the Anti-Federalists made the case that the Constitution makers in Philadelphia had exceeded the mandate they were given to amend the Articles of Confederation, and nothing more.

Rudy Penner, the former director of the Congressional Budget Office and the person described by MarketNews international as "one of Washington's most respected fiscal policy experts", told MNI Wednesday in an exclusive interview that he expects a "very scary" fall 2017 due to fiscal issues, with market-disrupting battles ahead on both the debt ceiling and fiscal year 2018 spending. Penner directed the CBO under president Reagan, worked at high level posts in the White House budget office, and the Council of Economic Advisers.

At a time when when relations between the US and Russia are about as bad as they have ever been outside of the cold war, despite expectations for a detente under the Trump administration which have not taken place for obvious reasons, the mere thought of a Russian military plane flying above the continental US, let alone the Capitol, would prompt incredulous follow-up questions whether it had been shot down.