The near-record string of 10 consecutive Dow Industrials record highs, a streak not seen since early 1987, may be about to end if futures, which are currently trading -0.3% lower, fail to stage a rebound.
Queen Elizabeth is set to look at plans to make the United States an “associate member” of the Commonwealth, according to the Royal Commonwealth Society. Her Majesty is said to be pleased with plans initiated by US President Donald Trump who says he “loves Britain and the Royal Family”. Express.co.uk reports: With the UK making plans to leave the European Union (EU) officials are keen to build up international relations through the Commonwealth in an number of areas, including trade.
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
President Donald Trump’s naïve (or willfully blind) notion that Wall Street will work better at raising capital if it is unleashed from strident Federal regulation is unhinged from the facts on the ground. Those facts, as illustrated above, are that the Boards of two of the largest banks in the U.S. are utterly spineless when it comes to holding their CEOs and employees accountable in the face of a tsunami of crimes.
While the series of major storms hitting California have begun to subside, residents of San Jose are being warned to keep away from affected homes until water levels decrease to a safe level. Flash floods along the west coast of the US have seen thousands of people forced to leave their homes and a state of emergency declared by California governor Jerry Brown. The majority of mandatory evacuation orders have now been downgraded for areas including Sutter County around the Oroville Dam Spillway, which sparked panic one week ago when it threatened to collapse during the floods.
Authored by Glenn Greenwald, originally posted at The Intercept,