Expect The Unexpected (James W.)
One possibility is that Le Pen will under perform on the night as traditional National Front voters, who dislike her anti-Euro/EU views, defect to Fillon. Fillon’s pro-business, socially conservative and pro-Euro stances could resonate with elements of the National Front electoral base. The Dutch populist politician Gert Wilders found that the centre-right Mark Rutte’s hard-line policies on security leached voters away from his own party. Fillon’s own strong positioning on the rising threat posed by Islamic fundamentalism could have a similar role in the French elections.
The build-out of suburbia drove growth for decades: millions of new suburban homes, miles of new freeways, sprawling shopping malls, and tens of millions of new autos, trucks, and SUVs, transforming one-car households into three vehicle households. Then there was all the furnishings for those expansive new homes, and the credit necessary to fund the homes, vehicles, furnishings, etc.
To be sure, the difficulty Trump faces sticking to his campaign promises is familiar to every president. Barack Obama was unable to realize his vow to close the prison at Guantanamo Bay, George W. Bush saw budget deficits balloon and the economy stall during his presidency, and overhauling the nation’s health-care system escaped Bill Clinton’s grasp.
But those presidents, girded by previous political experience, acknowledged some of the political headwinds they’d face as they sought to implement ambitious agendas. Not so for Trump, who employed his characteristic bluster to promise dramatic change immediately upon assuming office.
Think New York Transit Is Bad? Just Wait (jdargis)
By building the new tunnel, we will have the flexibility to make the years’ worth of repairs that are needed to the existing tunnels without reducing service. Additionally, once the new tunnel is done and the existing tunnels are repaired, the increased capacity will mean that even when there is a shutdown, problem or derailment, service can continue with only minor delays because trains will be able to pass the derailed or broken locomotive.
Where his note did get interesting is his admission that his recent worldview – recall that in recent months, Edwards has likewise expected a major breakout in inflation, only to be followed by an even more acute deflationary episode, one which sends US TSYs to negative rates – may be at risk, for one key reason: there is no wage inflation, to wit…
Oil prices rose to five-week highs after Friday’s reports of U.S.-ordered airstrikes against Syrian infrastructure, followed by production outages from Libya’s largest oilfield, and late-breaking news on Tuesday that suggested Saudi Arabia would support OPEC production cuts. Despite the overarching sentiment that the American Petroleum Institute would report a build late Tuesday afternoon, WTI was trading up 0.36% at $53.27 at 1:20pm EST, while Brent Crude traded at $56.03, up .09% on the day. These per-barrel prices are more than $2.00 higher than this time last week.
One of the main worries should be the cancellation by Russia of its cooperation with the U.S. (and others) with regards to operational security in the area. The risk of a military confrontation between the different armed players in the conflict has increased. Several NATO countries, such as Belgium, have already postponed further air force operations in Syria. The latter is playing into the hands of the respective armed extremists and Russian backed forces. It seems that this is not what Trump was intending.
Do People Really Care about the Environment? (Aaron M.)
The idea of caring for our planet may seem like self-evident common sense to the indigenous tribes of the world who live in close connection to the Earth. Likewise, for all other environmentally-aware people worldwide, including green activists and practitioners of permaculture (who are supposed to live by the ethics of care for the people, care for the planet and taking only one’s fair share). To such people, the idea that others may not actually care for the planet may seem quite perplexing! Why would they not care for the natural systems that sustain their lives?
Gold & Silver
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