As the Italian election season heats up it’s clear that Silvio Berlusconi is right where he wants to be.
In the spotlight.
And because of that, his coalition with the Lega Norda (Northern League), while leading in the polls overall isn’t unified on much more than containing the electoral success of Movimiento 5 Stelle (5 Star Movement, or M5S).
Some have suggested that the FBI losing five months of text messages between anti-Trump investigators is a coverup of an “insurance policy” to smear Donald Trump with claims of Russian collusion in the event of a win. Others have suggested it’s simply bureaucratic incompetence. Paul Manafort’s attorneys, on the other hand, are likely chomping at the bit see if they can argue for a dismissal of the federal charges against their client due to Robert Mueller’s increasingly
Less than two months after President Trump issued formal US recognition of Jerusalem as the capital of Israel, unleashing a wave of protest among Palestinians as well as international outrage, Vice President Mike Pence is finally in the midst of his long awaited tour of the Middle East (specifically Israel, Jordan, and Egypt), which had been initially scheduled for December but canceled and pushed back due to increased unrest in the region.
Congressional investigators were rocked this weekend when the FBI notified them that five months of text messages from a top FBI investigator into the Trump campaign’s Russian connections had mysteriously vanished.
The FBI-issued cell phone of Peter Strzok, whose previous texts to his mistress (also an FBI employee) showed fierce hostility to Trump,
Nowadays, government “shutdowns” are obviously not all that, and we do claim some expertise on the topic. Since 1975 there have been 14 shutdowns and we have had the privilege of being on-hand up close and personnel on 11 of these.
Five shutdowns occurred while you editor was a member of the US House (1977-1981) and another six during his stint as director of OMB. The idea back then, needless to say, was
Today, more than at any time previously, Westerners are justifying a move toward collectivist thinking with the phrase, “Capitalism has failed.”
In response to this, conservative thinkers offer a knee-jerk reaction that collectivism has also had a dismal record of performance. Neither group tends to gain any ground with the other group, but over time, the West is moving
After three straight years of losses at Pershing Square in the aftermath of the Valeant fiasco and Herbalife short squeeze which cost the hedge fund a -20.5% loss in 2015, -13.5% in 2016 and a -4% drop in 2017 (it is however up 0.2% YTD in 2018), it is time for drastic changes, and as Reuters reports, Bill Ackman – one of the worst performing managers in the past three years – is firing almost
Amazon.com may not only be gearing up to accept cryptocurriences as a means of payment, but I also believe that the company could be on its way to creating one of the world’s largest cryptocurrency exchanges in a move that would, I believe, be extremely synergistic for Amazon and would likely help them generate a substantial new revenue stream.
A lot of speculation is being tossed around with regard to
Is there any doubt that the Democratic Party will be blamed for the government shutdown brought on by the DACA showdown? They insisted on a DACA deal that would have enabled everybody-and-his-uncle in a DACA person’s family to migrate to this country, a formula known as chain migration. Did they really believe that would go over? Or is it just more identity politics posturing?
These poseurs of fiscal responsibility are about to drive up debt to its highest levels since World War II.
The United States is effectively bankrupt, but that doesn’t matter to the GOP. Once evangelists of fiscal responsibility and scourges of deficit spending, Republicans today glory in spilling red ink. The national debt is now $20.6 trillion, greater
Risk assets have caught a bid following a report from Talking Point Memo, according to which some 10 minutes before the Senate vote is due to begin about extending short term funding, Senate Democrats are set to accepting a deal to end the government shutdown in exchange for the promise of a vote on the DREAM Act in the coming weeks.
Subsequent headlines from Reuters appears to validate that we may be on the verge
The Pentagon has incorporated between 10 and 15 000 former Daesh jihadists into its new Syrian Border Security Force in Syria (SBSF). The same number of former Daesh jihadists has been sent to Afghanistan. The bulk of the SBSF is made up of soldiers of the “Syrian Democratic Forces” (SDF). The SDF itself is established around Units for the Protection of the People (YPG), the sister militia of the PKK in Syria. 230 of these
Along the 786 km-long Line of Control (LoC) which divides the State of Jammu Kashmir between India and Pakistan, sporadic cross-border military gunfire between both countries is not that unusual.
However, this weekend, in the region of Noushera, Rajouri and Akhnoor sectors of Jammu and Kashmir, more than 40,000 Indians have fled their homes and shops amid the fourth consecutive day of intense shelling from Pakistani military forces, the Economic Times reports.
The Russian surveillance vessel the Viktor Leonov was reportedly leaving the Caribbean over the weekend bound toward the U.S. East Coast. Florida will be reached by next Friday, and before this, the King’s Bay ballistic missile submarine base in Georgia is also along their projected route. This comes on the heels of what has
Two months ago, we reported that Hawaii was restoring an air raid warning system that hadn’t been operational since the Cold War. Only this time, it’s due to the rising tensions between the US and North Korea…
Indeed, these tensions nearly caused a panic last week when one employee at Hawaii’s Emergency Management Agency accidentally selected the wrong dropdown menu choice, broadcasting a “Ballistic Missile Threat” warning to the cellphones of Hawaii residents.
It’s ironic that for a World Economic Forum conference which lists global warming – only in the more politically acceptable phrasing of “Extreme Weather Conditions” – as the top 1 and 2 risks respectively in terms of likelihood and impact…
… that this year’s WEF event in Davos has started off in climatic chaos, only of the global cooling variety, as over 6 feet of
A major contradiction has been discovered between yesterday’s revelation that the FBI “lost” five months of text messages, and a claim by the DOJ’s Inspector General, Michael Horowitz – who claimed his office received the texts in question between FBI employees Peter Strzok and his mistress Lisa Page last August.
Michael Horowitz testifies before the Senate Judiciary Committee
Knowledge of the missing texts was revealed in a Saturday letter from
Helicopter makers and the National Guard got nice a present for Christmas, but American taxpayers got a lump of coal…
The Department of Defense (DoD) has a plan to supply American-made helicopters to Afghanistan and it’s a great deal for almost everybody but the taxpayer, who is on the hook for over $800 million for the first
The House has passed the three-week continuing resolution that was passed by the Senate earlier today, clearing the way for President Donald Trump to end a three-day government shutdown before he heads to Davos, Switzerland.
The current CR – the fourth since September – will keep the government funded through Feb. 8.
The vote passed 266-150. In addition to extending government funding for a few more weeks, the bill will provide money for the Children’s
One month after the addition of “blockchain” to a company’s name – or business model – became a joke in financial circles, not to mention a shortcut to soaring market cap for countless micro-cap companies, the SEC is finally getting involved.
As Reuters reports, the SEC is scrutinizing public companies that change their name or business model overnight in a bid to capitalize upon the hype surrounding blockchain technology, SEC Chairman Jay Clayton said on
Netflix stock is exploding higher to new all time highs, a repeat of what it did last quarter, soaring above its record high price and up over 9% after hours, rising above $247 per share after reporting Q4 numbers which while beating slightly on revenues ($3.29Bn, Exp. $3.28Bn), and in line on non-GAAP EPS (Adj. EPS$0.41, exp. $0.41), were far more remarkable for the subscriber numbers, which absolutely smashed expectations especially on the international streaming
The family of Barry and Honey Sherman were right to doubt that their parents would’ve taken their lives in what police initially suspected to be a murder-suicide…
…Because a bombshell report from a team of private investigators published on Saturday concluded that the couple were both murdered, and then their bodies were arranged to make it look like a suicide. Multiple killers likely participated in the killings, the New York Post reported…
Having watched the dramatic growth in 24-hours-a-day, 7-days-a-week cryptocurrency trading, TD Ameritrade is enabling retail investors to do the same for a number of ETFs including the S&P 500, Emerging Markets, and Gold.
TD Ameritrade extended trading hours on its platform starting Monday to 24 hours, five days a week for several popular exchange-traded funds. The e-broker also told CNBC that trading individual stocks around the clock may not be too far away.
As was widely expected, the White House has leaked what appears to be a six-page rough draft of its $1 trillion infrastructure plan to Axios as it rushes to release a fully formed iteration of the plan before the end of the month.
The draft, which can be viewed below, provides incentives for state and local governments – as well as private developers, metropolitan authorities, and regional authorities – to break ground on a range
Last week, the World Economic Forum released its boilerplate list of what it believes are the top risks for 2018. As we reported, the most prominent theme this year was the shift in perceived risk factors: conflict and war, natural disasters, extreme weather and cyberattacks have supplanted social polarization and the rise of populism as the biggest global risk for 2018.
Furthermore, the survey of nearly 1,000 experts from government, business, academia and non-governmental
20 January 2018, 14.00 hrs: the Turkish army has officially entered Syria on in the context of operation “Olive Branch”. The battles had actually begun the night before but only with shells from Turkey against Kurdish forces under US command. The Turkish Minister for Defense (Nurettin Canikli), then declared the de facto beginning of the Turkish operation. President Recep Tayyip Erdoğan confirmed the beginning of the operation during a televised speech given during the AKP
Update (11:40 am ET): In a blockbuster scoop, Talking Points Memo is reporting that Senate Democrats are on the brink of accepting a deal to end the government shutdown in exchange for the promise of a vote on the DREAM Act in the coming weeks, three sources told TPM.
The details of the deal aren’t yet clear. But multiple Democratic sources familiar with an ongoing meeting of Senate Democrats on the Hill made it
After nearly three months of “enhanced interrogations” and at least one reported death, Mohammad bin Salman’s hired mercenaries have nearly finished the job. Bloomberg reported Monday that half of the roughly 180 royals being held at the Riyadh Ritz Carlton have agreed to pay a financial settlement in exchange for their freedom.
The total amount raised is $100 billion in cash, stock, real estate and other assets – enough to cover the state’s 2017 budget
Congressional investigators learned from a new batch of text messages between anti-Trump FBI investigators that a “secret society of folks” within the Department of Justice and the FBI may have come together in the “immediate aftermath” of the 2016 election to undermine President Trump, according to Rep. John Ratcliffe (R-TX) who has reviewed the texts.
The thousands of texts @TGowdySC and I reviewed today revealed
It is appropriate that as the world’s richest and most popular and influential celebrities, thought leaders, economists, pundits and politicians sit down in Davos this week to discuss such topics as wealth inequality and populism, that the global charity Oxfam released its latest annual study which found that global inequality is not only worsening, but 2017 may have been the worst year ever for the split between rich and poor.
The United States Coast Guard is preparing to equip icebreaker vessels operating in the Arctic region with high-tech cruise missiles for the first time as Washington escalates geopolitical tensions with Russia.
Coast Guard Commandant Paul Zukunft confirmed last week that the Coast Guard’s newest fleet of heavy icebreakers would be designed to carry cruise missiles, the Washingon Times reported.
Following the not entirely surprising news at the end of last week that The FBI “failed to preserve” five months of text messages between various anti-Trump agents, Attorney General Jeff Sessions revealed today that the department of justice has launched a full investigation into this debacle.
Peter Strzok and Lisa Page.
More than 50,000 texts were exchanged between the two FBI officials who have come
President Donald Trump is once again burnishing his protectionist bona fides by slapping imported solar cells and washing machines with 30% tariffs – his most significant action taking aim at the world’s second-largest economy since he ordered an investigation into Chinese IP practices that could result in tariffs.
Acting on recommendations from US Trade Representative Robert Lighthizer, Trump imposed the sliding tariffs. Solar imports will face a 30% tarifffor the first year, then the
Just moments after Senate democrats reversed, and voted through a stopgap government funding bill – one which they rejected on Friday night forcing a brief, 3-day government shutdown, and which keeps the government running until February 8 – progressives started hammering Senate Minority Leader Charles Schumer over his negotiating tactics and his agreement with Senate Republican leadership to end the government shutdown on Monday.
Even Nancy Pelosi has spoken out against the deal, saying there
It’s difficult to imagine an energy company that’s more hated and more closely monitored than Gazprom…
Perhaps in the aftermath of the Deepwater Horizon spill, BP attained similar levels of public oversight.
Nevertheless, defying most trends, 2017 will go down in history as one of Gazprom’s successful years: for the first time in history, its share in Europe’s gas consumption reportedly reached 40 percent.
Last week we showed that as part of the “new tax cut reality”, 2018 EPS forecasts have soared in the past few weeks as analysts scrambled to boost their earnings forecasts for companies benefiting from the lower corporate tax rate. Well, as of today, that surge has made further headway, and as the latest Bank of America chart below shows, the S&P is now trading off a year end EPS forecast of roughly 152, nearly
Let us follow the logic of things from the beginning. Or, rather, from the end: modern times. We are, as I am writing these lines, witnessing a complete riot against some class of experts, in domains that are too difficult for us to understand, such as macroeconomic reality, and in
President Recep Tayyip Erdoğan considers that establishing a Military Force, formed of members of two terrorist organizations (the YPG and Daesh) under US command, based at the Turkish border, can only mean one thing: a plan to invade Turkey. Accordingly he has denounced it as the US preparing for a regime change. Following a meeting at the White House with the Emir of Quatar, Sheikh Tamin bin Hamad Al Thani, the Turkish President transformed a
On 13 January 2018, the Russian Special Forces took out all members of the Jihadist group that carried out the group drone attack on the bases of Tartous and Hmeimim, in Syria . The Russian counter attack took place in the village of Muwazarra, situated in the de-escalation zone of Idlib. It was here that the jihadists had chosen a site to assemble and stock their drones. This site was destroyed in the same operation.