United States

Submitted by Michael Shedlock via MishTalk.com,

Donald Trump wants to lower the corporate tax rate on foreign profits from 35% to 10%.

Would another tax holiday create jobs?

The New York Times says “Not Necessarily”

President-elect Donald J. Trump has said he would like to create a “tax holiday” so that American companies can bring back profit that was generated overseas at a lower rate. In his view, this influx of cash will create jobs.

 

First, it was China which lodged a protest against the US defense bill, which was signed by Barack Obama late on Friday and which, among other things, contained a provision to establish as US "ministry of truth" and media propaganda. On Sunday, China lodged "stern representations" with the United States after Obama signed the NDAA into law which suggests a plan to conduct high-level military exchanges with self-ruled Taiwan. Part of the $618.7 billion National Defense Authorization Act "expresses the sense of Congress that (the U.S.

Most world markets have reopened following the holiday weekend, but trading volumes remain significantly muted. Asian and European shares advance modestly amid low volumes with U.K. and Ireland closed; S&P futures are little changed while the dollar rose and oil extended its longest winning streak in four months.

Submitted by Jeff Thomas via InternationalMan.com,

Submitted by Howard Kunstler via Kunstler.com,

By now, anyone in this country still of sound mind knows that Barack Obama presided through eight years of remarkable continuity - of changeless conditions that left a great many hopeless. As the days of his tenure dwindle, what do we make of the departing 44th president?