While the Economist's endorsement of Hillary Clinton - and its antipathy toward Donald Trump - is no secret, we are "confident" there is little connection between the economic publication's ideological leanings and the just released report by the Economist's in house Intelligence unit, which has officially demoted the US to a second-class democracy.
A Republican-proposed House Resolution aiming to terminate US membership of the UN has quietly slipped past public radar and been introduced in Congress. The proposed bill sets to rectify Israel’s image on the world stage and save money for the US. At the same time it aims to bypass climate change and gun regulations/controls and to allow Big Oil uninhibited access to pollute the planet. The new bill would set the stage for the United States to terminate its membership in the United Nations. The proposal could throw the world body under the bus at the most crucial time in its history.
Having stunned the media with his Monday night announcement before members of Congress during a private reception that Trump only lost the popular vote due to vote fraud, the president refused to back down the next day, when on Tuesday the White House said Trump stands by his belief that millions of people voted illegally in the U.S. election.
With China growing increasingly nervous about the prospect of a trade war with the US, the nation's official mouthpiece People's Daily warned that a trade war between China and the United States would harm both countries, reflecting concerns over Trump's stated protectionist, anti-China stance.
The day the Dow crosses 20,000 may finally be here, because with DJIA futures trading 65 points higher in premarket trading, added to yesterday's close of 19,912 and latest record high in the S&P, it means that all it will take is a modest of only 25 points for the critical Dow threshold to be finally breached. Celebrating the upcoming record, world stocks hit a 19-month high on Wednesday, lifted by strong Japanese trade data, strong European company earnings and hopes that U.S. President Donald Trump will press ahead with a large fiscal spending package.