The Deep History Behind Trump’s Rise (Cornelius9999)
The events that led to Donald Trump’s election started in England in 1975. At a meeting a few months after Margaret Thatcher became leader of the Conservative party, one of her colleagues, or so the story goes, was explaining what he saw as the core beliefs of conservatism. She snapped open her handbag, pulled out a dog-eared book, and slammed it on the table. “This is what we believe,” she said. A political revolution that would sweep the world had begun.
Illinois' unfunded liabilities really started to surge in 2008 due a combination of lower returns on assets and lower corporate bond yields which drive down discount rates used by actuaries resulting in substantial increases in the present value of liability streams. As we've pointed out in the past, given the long duration of pension liabilities, even small swings in discounts can have a material impact on underfunding levels.
The Dollar Crash Is Coming (Tiffany D.)
Let’s look at the impact on the U.S. dollar the last time Congress pulled off a major repatriation “tax holiday” back in 2005. The enabling legislation was called the U.S. Homeland Investment Act, a one-year tax break for big American multinational firms.
At the time, Goldman Sachs estimated the legislation resulted in the repatriation of some $300 billion over the course of the year. And what happened to the dollar?
What's Next for Gold? (Axel M.)
We have argued in the past that for investors to consider any investment, including gold, in their portfolio, it needs to satisfy two conditions: it needs to exhibit low correlation to their existing investments; and there should be an expectation of a positive return. Let’s evaluate the changing investment landscape for gold in the context of the election:
Solution To Dark Matter Proposes That Gravity Is An Illusion (Arthur Robey)
Verlinde’s model uses this connection between thermodynamics (heat, energy and forces) and information through a mathematical method known as the holographic principle. Since the information contained within a region of space depends upon the arrangement of objects within that region, moving the objects can change the entropy within the region. Verlinde demonstrated that this produces an entropic force that acts like gravity. From the basic idea of information entropy, one can derive Einstein’s equations of general relativity exactly.
“The fact that this is the largest assessment of continuous oil we have ever done just goes to show that, even in areas that have produced billions of barrels of oil, there is still the potential to find billions more,” Walter Guidroz, coordinator for the geological survey’s energy resources program, said in the statement.
Oil explorers have been flocking to the Permian Basin in West Texas and New Mexico to tap deposits so rich that they can generate profits even at lower oil prices. A race to grab land in the Permian has been the main driver of a surge of deals in the energy patch and the industry’s main source of good news.
That was the view yesterday at Shinnecock Canal in Hampton Bays, New York. The water was filled with dead floating fish. By now, most of them have probably sunk to the bottom, the New York State Department of Environmental Conservation told CBS News. Residents have posted photos and videos on social media — and thank god technology doesn’t allow us to embed smells yet. I wouldn’t be here writing this post. I would be back in the bathroom, reliving my food poisoning nightmares.
China Tells Trump That Climate Change Is No Hoax It Invented (Arthur Robey)
“If you look at the history of climate change negotiations, actually it was initiated by the IPCC with the support of the Republicans during the Reagan and senior Bush administration during the late 1980s,” Liu told reporters during an hour-long briefing.
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