Submitted by Michael McDonald via OilPrice.com,
It is no secret that the coal industry has faced hard times for the last few years. Environmental concerns led President Obama to institute more stringent regulatory requirements, while cheap natural gas created intense competition. Against that backdrop, many coal industry participants and investors hoped that President Trump would be able to reverse those fortunes.
Hello Bill,
Last week we reported, that in an unprecedented attempt to breach the personal privacy of users of the largest bitcoin exchange in the US, Coinbase, the IRS filed papers seeking a judicial order to serve a so-called “John Doe” summons on the San Francisco-based Bitcoin platform.
RBC's head of US cross-asset strategy, Charlie McElligott wants to "bang you over the head in order to expose the tectonic shift being experienced in markets on the narrative / regime shift."
After a succinct and clarifying commentary:
Emboldened by his "victory" with Carrier Corp, which agreed to keep 1,100 workers in the US instead of outsourcing them to Mexico in exchange for $7 million in tax incentives over 10 years, as part of his victory tour in Indiana, Donald Trump on Thursday warned that U.S. companies will face "consequences" for outsourcing jobs overseas.
"Companies are not going to leave the United States any more without consequences. Not going to happen," the President-elect said on a visit to a Carrier Corp plant in Indianapolis cited by Reuters.