$15 billion to build a wall along the Mexican boundary

Congress will move legislation this year providing up to $15 billion to build a wall along the Mexican boundary, Republican leaders said Thursday. But they would not say how they'd prevent the massive project from worsening federal deficits, and were meeting resistance from GOP lawmakers.

House Speaker Paul Ryan, R-Wis., and Senate Majority Leader Mitch McConnell, R-Ky., told reporters at a GOP...

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4. HOW..

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Dow 20,000: What does it mean and where does it go?
2017-01-26 06:29 • apnews.com
Dow Jones Definition

Q. Can the stock market keep going higher?
Q. If the market keeps setting record highs, does that mean stocks are getting expensive?
Q. I'm embarrassed to ask, but what exactly does the Dow Jones industrial average measure?
Q. How is the Dow Jones industrial average doing relative to the rest of the market?

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The Dow Jones industrial average crossed the 20,000 mark for the first time Wednesday, the latest milestone in a record-setting drive for the stock market.
Strong earnings from Boeing and other big companies helped push the Dow past the threshold early on and had U.S. stocks solidly higher by afternoon. The Standard & Poor's 500 index and Nasdaq composite were on course for ...

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President Donald Trump plans to unveil actions on national security starting Wednesday that are expected to include steps toward building a wall on the Mexican border and limiting refugee inflows to the U.S., moving to fulfill key promises he made during his election campaign.

“Big day planned on NATIONAL SECURITY tomorrow. Among many other things, we will... 

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So what do you do if you're the Mexican Ambassador to the United States and are faced with a crisis whereby millions of your citizens have broken numerous federal laws of your host country by illegally immigrating without going through the proper channels?  Well, you simply offer up creative new ways to "game the system" to avoid deportation, like submitting an application for citizenship.  While you may have zero chance of actually being granted citizenship, at least you'll "no longer [be] subject to the deportation processes."  And, as an added bonus, you won't "lose Mexican citizenship" either.

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Clinton Attorney Blasts James Comey's
2016-12-22 12:12 • google.com

At first, James Comey was nothing more than an incompetent stooge, working within a hyper-partisan Department of Justice, who botched the Hillary email investigation by missing simple, publicly available signs of intent like Paul Combetta's now infamous Reddit thread.  Then, after reopening the email investigation just days before the election based on new evidence discovered on Anthony Weiner's computer, Comey immediately became a "Republican Operative" and most likely a "Russian Puppet" as well.

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Italy's Monte Paschi isn't the only institutions that is about to soak retail investors who thought that two bailouts for Italy's third biggest bank in two years wouldn't be followed by a third nationalization in year #3. According to the South China Morning Post, a Chinese multi-billionaire businessman has defaulted on bonds worth a paltry 100 million yuan ($14.4 million) that he raised from retail investors, citing "tight cash flow", according to reports.

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A newly-leaked German intelligence report states Saudi Arabia, Kuwait and Qatar are funding extremist Islamic groups in Germany.

The German newspaper Süddeutsche Zeitung and Northern German public radio broadcaster  Norddeutscher Rundfunk saw the brief and raised concern regarding a reported increase in Salafism, an ultra-conservative movement within Sunni Islam, within Germany.

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Trump Appoints
2016-12-22 12:12 • google.com
Trump Appoints

Another day, another shot across the bow from Donald Trump aimed squarely at China.

Having already participated (and in the case of one, precipitated) two mini diplomatic snafus with Beijing in just the past two weeks, Trump is sending a clear message to Beijing that US-China trade under his administration will be anything but business as usual, by creating a National Trade Council inside the White House to oversee industrial policy and has decided to appoint a hard core China hawk to run it.

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A Reuters investigation this week uncovered nearly 3,000 different communities across the U.S. with lead levels higher than those found in Flint, Michigan, which has been the center of an ongoing water contamination crisis since 2014.

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Just days after raising its economic outlook, Japan's ministry of finance announced on Thursday that for the first time since 1998 it would slash government bond issuance in fiscal 2017 which starts on April 1.  The MOF plans to issue Y154.0 trillion in JGBs in coming fiscal year, down 5% from an initial Y162.2 trillion for the current fiscal year, as a result of sliding demand for debt amid continued very low to negative interest rates.

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Illinois Is Losing 1 Resident Every 4.6 Minutes
2016-12-22 11:12 • google.com

Illinois has record loss of 114,000 residents to other states in 2016 as population shrinks by 37,500.

Imagine the entire population of Peoria, Illinois’ seventh-largest city, all picking up and moving across state lines in one year, never to work, pay taxes or create jobs in Illinois again. That’s equivalent to what happened to Illinois over the past year: New migration data from the U.S. Census Bureau show that from July 2015 to July 2016, Illinois lost 114,000 people, on net, to other states, a record high for the Land of Lincoln.

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While it's not as applicable today, there used to be a saying that "as goes GM, so goes the economy."  While the "Big 3" aren't quite as big as they used to be, they still offer vital clues about the overall economic health of the United States.  Unfortunately for anyone who has been paying attention, those "vital clues" are all flashing red warning signs as each passing day seems to bring more news of idled plants and/or shift reductions (see here and here). 

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Very informative
05-03 04:23 by Liam
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