Senator Mitch McConnell of Kentucky, the majority leader, signaled on Sunday that he was unwilling to reschedule any confirmation hearings, which are set to begin with sessions for John F. Kelly, Mr. Trump’s choice to be the secretary of Homeland Security, and for Senator Jeff Sessions of Alabama, the nominee to be attorney general. Five more hearings are scheduled for Wednesday.
Mr. McConnell dismissed the Democrats’ complaints as sour grapes during an appearance on CBS’s “Face the Nation.”
Those who have read my “winter is coming” post will understand that powerful structural forces, including accelerating climatic change, the peaking of global conventional oil supplies and growing resource and water scarcity around the world are a mega-trend which will shatter the current business-as-usual model over the coming decades. Coupled with the huge levels of debt in the global financial system, the sovereign bond super-bubble and the long-term stagnation of wages across the developed world, it is therefore not surprising that there are growing warnings about the longevity of our globalised liberal world order.
Pessimist’s Guide To 2017 (jdargis)
From social breakdown in the U.S. to a nuclear crisis in North Korea to the defeat of Angela Merkel in Germany, the potential for chaos is just as great.
These aren’t predictions. But they show what your social-media news feed could look like if things go wrong.
Yet last week brought the sight of Mr. Hannity speaking with Mr. Assange in glowing terms about “what drives him to expose government and media corruption” through Clinton campaign hacks that American intelligence has attributed to Russia. And Ms. Palin hailed him as a great truth teller, even apologizing for previous unpleasantries. (Cue sound of needle sliding across record album.)
O.K., the fact that WikiLeaks’ election-year splash was bad for the Democrats and good for President-elect Donald J. Trump may have a teeny-weeny bit to do with their change of heart.
Cohen was a captivating figure on Wall Street. He was not the sort of investor who, like Warren Buffett, took a large stake in a company and held it for years, immersing himself in how the business worked. He was a short-term speculator, who had built a vast personal fortune by placing high-volume bets on small movements in stock prices; he was often driven by earnings announcements and other such events, and maintained high returns, against the odds, year after year. He was short and thick, had a fierce mind and a quick temper, and he lived in a thirty-five-thousand-square-foot mansion in Greenwich, Connecticut. A passionate art collector, he would spend a hundred million dollars or more on a single work.
Small Dogs Have a Bigger Bite (Tiffany D.)
The Dogs of the Dow is a simple approach to investing that you implement at the beginning of each year.
You simply identify the stocks within the Dow Jones Industrial Average that have the highest yield right before the end of the year, then you buy those stocks at the start of the new year and hold them until the end.
Why Employers Are Rolling Back Raises (jdargis)
The implementation of the executive order was temporarily blocked by a federal judge in Texas back in November, and is now expected to be fully undone by Obama’s successor, President-elect Donald Trump. While it’s not certain that Trump will roll back the measure—which would aid the many of the working-class voters that elected him—the president-elect’s nomination of fast-food executive Andy Puzder as his labor secretary suggests it’s a likely bet. As my colleague Alexia Campbell noted last month, Puzder has been a vocal critic of Obama’s overtime order saying that the measure “will simply add to the extensive regulatory maze the Obama Administration has imposed on employers, forcing many to offset increased labor expense by cutting costs elsewhere.”
Britain’s immigration policy will be one of the central themes of the upcoming Brexit negotiations, which are expected to last up to two years. And many industries that rely on foreign labor — from construction to cleaning — are anxious about continued access to migrant workers after Britain leaves the European Union.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."