Following disappointing results from the initial recount efforts in Pennsylvania, CBS reports Jill Stein's Green Party is dropping its court case seeking a statewide recount of Pennsylvania’s Nov. 8 presidential election, blaming a lack of funds.
Having been on the fence about an upside case for the S&P for the greater part of 2016, Goldman's chief equity strategist David Kostin finally threw in the towel earlier this week when, as we reported, Goldman raised its S&P price target from 2,100 (as of year end 2016) to 2,400 for mid-year 2017 on what it calls "Trump Hope" (as apparently does everyone else, see "The World Has Changed" - Average S&P Target Before Trump: 2,087; After Trump: 2,425"), which it then sees dipping to 2,300 by year-end 2017 on "Trump Fear."
Submitted by Raoul Pal via LinkedIn.com,
Is the US Government Behind the Fake News Media Attacks on President-elect Trump?
Paul Craig Roberts
Eric Zuesse has brought to our attention that US intelligence officials have placed a story in Buzzfeed, “a Democratic party mouthpiece,” that the Russian government used fake news to get Donald Trump elected president. http://www.washingtonsblog.com/2016/12/63755.html
According to Buzzfeed:
A furious Iran threatened to retaliate early Friday against a U.S. Senate vote to extend the Iran Sanctions Act (ISA) for 10 years, saying it violated last year's deal with six major powers that curbed its nuclear program. The ISA was first adopted in 1996 to punish investments in Iran's energy industry and deter its alleged pursuit of nuclear weapons; it was due to expire on Dec. 31. Lawmakers said the extension would make it easier for sanctions to be reimposed if Iran violated the nuclear settlement. The extension was passed unanimously on Thursday.