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European, Asian Stocks Slide But US Futures Rebound As Tax Deal Fears Ease

European, Asian Stocks Slide But US Futures Rebound As Tax Deal Fears Ease

U.S. equity index futures point to a higher open, having rebounded some 10 points off session lows with the VIX stuck on the edge between single and double digits, while European and Asian shares decline as investors assess central banks’ shift toward tighter monetary policy and concern over tax overhaul ahead of final plan. 

It has been a groggy end to what is still set to be a third week of gains for MSCI’s global stock index following more upbeat data and signs that central banks including the Federal Reserve will keep treading carefully with interest rate hikes.

Why Does The New $1 Billion US Embassy In London Need The First Moat Since Medieval Times

Why Does The New $1 Billion US Embassy In London Need The First Moat Since Medieval Times

If you google “London moats”, you’ll probably alight on a link which will take you to “London’s Top 10 Moats: A Spotter’s Guide”. We had no idea there were so many and could only think of the “obvious” one surrounding the Tower of London, even if it’s waterless these days. According to the guide, a defensive ditch has surrounded the Tower since its origins in the eleventh century. The moat, which contained water from the thirteenth century until the 1840s, helps to protect the roughly cuboid “White Tower” keep, which gives the Tower of London its name.

Some Ex-Cons Are Finally Finding Jobs: But Does The Fed Care?

Some Ex-Cons Are Finally Finding Jobs: But Does The Fed Care?

While CNN doesn’t dedicate much time to covering the subject, we’ve repeatedly pointed out that, contrary to what conventional wisdom might lead one to believe, incarceration rates among white Americans have risen since 2000 while incarceration rates for minorities have fallen.

The US prison population is finally shrinking after swelling to more than 2 million people, placing the US among the countries with the largest prison populations. Nearly one in five inmates are incarcerated on nonviolent drug charges.

The 'Unknown Unknowns' That Threaten U.S. Shale

The 'Unknown Unknowns' That Threaten U.S. Shale

Authored by Tsvetana Paraskova via OilPrice.com,

Three years after the oil price crash, the U.S. shale patch is on its second growth phase and is expected to continue to increase its production, at least through the next five years.

The global oil markets have become increasingly dependent on U.S. tight oil supply - and the oil industry is still coming to grips with this new reality, Simon Flowers, Chairman and Chief Analyst at Wood Mackenzie, wrote in a recent article.

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