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As TPP Dies, Asian Nations Salute Their New "Free Trade" Leader: China

Over the weekend we reported that as Obama was speaking at the APEC summit in Peru, hoping to salvage his global trade legacy, the TPP, China's President Xi Jinping officially called for the launch of the Free Trade Area of Asia-Pacific for "institutional guarantee of open economy", a move many had expected would take place as China was eager to fill in the void left by the US in any trans-Pacific trade treaty.

‘Calexit’: Group Submit Proposal For California To Secede From US

Supporters of Californian independence have taken the first step towards secession from the US by submitting a ballot proposal to the state attorney general. A group called called the ‘Yes California Independence Campaign’  submitted their proposal for a ballot measure on removing a piece of the state’s Constitution that describes it as an “inseparable” part of America. The group has been around since 2014, but the idea of California’s secession gained momentum since President-elect Donald Trump’s victory.

Frontrunning: November 22

  • Record highs for Wall Street quartet send other stocks higher (Reuters)
  • Oil prices rise to highest this month on hopes of OPEC deal (Reuters)
  • OPEC Likely to Reach Output Consensus, Delegate Says (WSJ)
  • Trump’s Targets in First 100 Days: Trade, Regulation, Corruption (BBG)
  • Trump Poised to Push Nafta Changes, Pressure Mexico on Trade (WSJ)
  • China Touts Its Own Trade Pact as U.S.-Backed One Withers (WSJ)
  • Trump to kill trade deal on day one (Reuters)
  • Overtime Pay Rule to Go Into Effect, but May Not Last (WSJ)

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