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Chicago PMI Slumps Back Into Contraction; Election Blamed

Chicago PMI Slumps Back Into Contraction; Election Blamed

Having wavered around the magical '50' level for much of the last year, bouncing off December plunge lows, Chicago PMI printed below expectations of 50.5 at a contractionary 49.3 - the 6th month of contraction in the last 12 months. With weakness in new orders (lowest since Dec 2015) and production (both back into contraction), MNI notes that on the heels of April's decline, the latest results show activity stumbling in the second quarter, following only moderate growth in Q1.

The 8th month of contraction in th elast 14..

Will There Always Be England?

In his op-ed in the Washington Post, Chris Grayling, leader of the House of Commons, made the case for British withdrawal from the European Union—in terms Americans can understand.

Would you accept, Grayling asks, an American Union of North and South America, its parliament sitting in Panama, with power to impose laws on the United States, and a high court whose decisions overruled those of the U.S. Supreme Court?

Disillusioned Democrats & The Demise Of Democracy In America

Authored by Ben Tanosborn,

It doesn’t seem so long ago when an ambitious political couple holding preteen Chelsea Clinton by the hand was moving from the governor’s mansion in Little Rock, Arkansas, to the august quarters of the White House in D.C.  A young Democratic president had just defeated Ronald Reagan’s heir, Papa Bush, and a prophetic populist with a Texan twang, Ross Perot, in the colorful presidential fray of 1992.

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