European shares decline led by a plunge in Pearson shares, S&P futures were modestly in the green as Asian and EM stocks gained. The dollar rebounded against most major currencies after retreating 1.3% on Tuesday to the lowest in a month following Trump's "strong dollar" comments and halted a seven-day drop against the yen.
British education group, and the world's largest education company, Pearson PLC lost a quarter of its market cap in an instant this morning after it issued a dire warning about the state of the textbook business, cut profit forecast, and warned of an "unprecedented" decline in its North American business. It also put its stake in the iconic Penguin Random House book business for sale in a bid to raise cash, not long after selling the Financial Times to the Nikkei.
Submitted by Alice Salles via TheAntiMedia.org,
The U.S. government’s efforts against illicit drugs have finally run their course. With over one trillion dollars wasted over the past several decades and nothing to show but failure, taxpayers are beginning to ask a simple yet pertinent question: Is it time to end the bottomless funding of this utterly ineffective anti-drug crusade?
Submitted by Nick Giambruno via InternationalMan.com,
History books remember Herbert Hoover as one of the worst American presidents.
Hoover, a Republican, was a rich and successful businessman with investments all over the world. He was also somewhat of an outsider, having never held elected office until he was inaugurated in March 1929.
Today, people associate him with massive infrastructure projects like the Hoover Dam, as well as the Mexican repatriation program, which deported over 500,000 illegal Mexican immigrants.
A curious sight was observed in the skies above Area 51 in Nevada, on November 8, the day Donald Trump was elected President, by vacationing air traffic controller Phil Drake. According to Drake, the photographs below all taken by him, show a Russian-built Su-27P fighter jet taking on a US Air Force F-16 engaged in a mock dogfight training mission.
The moment a US F-16 was caught in a mock dogfight with a Russian SU-27 fighter