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Rendered on Wed, 18 Jan 2017 17:30:07 GMT
via Motley Fool Headlines by on Wed, 18 Jan 2017 17:03:00 GMT
McDonald's gives up control in mainland China and Hong Kong, but is still looking for growth there.via Motley Fool Headlines by on Wed, 18 Jan 2017 17:02:00 GMT
The networking-device maker fell sharply after releasing poor preliminary earnings for its fourth quarter.via Motley Fool Headlines by on Wed, 18 Jan 2017 17:00:00 GMT
It's not just high-end chips that fuel Qualcomm's mobile chip business.via Motley Fool Headlines by on Wed, 18 Jan 2017 17:00:00 GMT
Each company wants to become the other.via by Tyler Durden on Wed, 18 Jan 2017 16:59:23 GMT
As we scoffed oveernight, who better than a handful of semi, and not so semi, billionaires - perplexed by the populist backlash of the past year - to sit down and discuss among each other how a "squeezed and Angry" middle-class should be fixed. And so it was this morning as IMF Managing Director Christine Lagarde, Italian Finance Minister Pier Carlo Padoan and Founder, Chairman and Co-CIO of Bridgewater Associates, Ray Dalio, espoused on what's needed to restore growth in the middle class and confidence in the future.
The conclusions of the discussion are as farcical as the entire Davos debacle, as three people completely disconnected from the real world, sat down and provided these "answers"...
As Bloomberg reports, while International Monetary Fund chief Christine Lagarde urged a list of policies from programs to retrain workers to more social spending...
Lagarde said policy makers “really have to think it through and see what can be done” given the feedback from voters who say "No.” Among measures that could be implemented are fiscal and structural reforms, she added.
“But it needs to be granular, it needs to be regional, it needs to be focused on what will people get out of it and it probably means more redistribution than we have in place at the moment,” Lagarde told the panel.
There's "a crisis of the middle class in advanced economies," Christine Lagarde says https://t.co/72GgBmZQxV #wef17 pic.twitter.com/bBiHRZ3bSz
— Bloomberg TV (@BloombergTV) January 18, 2017
The establishment academics also had plenty of textbook declarations and jabs to make...
“We need to go to a system where we are protecting workers, not jobs, and society will help people retrain or reorient,” Richard Baldwin, professor of international economics at the Graduate Institute of International and Development Studies in Geneva, said in an interview in Davos. “There may just be a need to man up. We have to pay for the social cohesion that we need to keep our societies advancing, and accept that this may be a higher tax burden on people.”
The panel saw former U.S. Treasury Secretary Lawrence Summers attacking Donald Trump saying populism is “invariably counter-productive” for those it claims to help.
“Our President-elect has made four or five phone calls to four or five companies, largely suspending the rule of law, and extorting them into relocating dozens or perhaps even a few hundred jobs into plants in the United States,” Summers said.
Summers’s recipe for dealing with populism twisted Trump’s campaign slogan. “Our broad objective should be to make America greater than ever before,” Summers said. “That’s very different from making it great again.”
He suggested three major steps. First, “public investment on an adequate scale starting from infrastructure” also embracing technology and education; second, “making global integration work for ordinary people” and third, “enabling the dreams of every young American” including education, finding work and home purchasing.
And ironically, the wealthiest of all the panel members was perhaps the clearest...
Hedge Fund billionaire Ray Dalio warned on a panel chaired by Bloomberg Television’s Francine Lacqua that “we may be at a point where globalization is ending, and provincialization and nationalization is taking hold.”
“I want to be loud and clear: populism scares me,” Dalio said. “The No. 1 issue economically as a market participant is how populism manifests itself over the next year or two.”
So, to sum up - a bunch of rich, disconnected elites in Switzerland believe the world's "middle class" will be better off if policy-makers "man-up" and increase taxes on the "wealthy" in order to redistribute wealth to the masses to "pay for social cohesion." Yeah, that will work... we suspect echoes of "Four more years" will be heard in 2020 if they follow that path.
Full discussion available here.
via by Tyler Durden on Wed, 18 Jan 2017 16:44:21 GMT
Trump is not planning to waste any time.
According to the spokesman Sean Spicer, cited by Reuters, president-elect Donald Trump may take four or five executive actions on Friday, the day he is sworn into office.
"He's got a few of them probably in the area of four or five that we're looking at for Friday," some of them logistical, Spicer said Wednesday at a news briefing. "Then there are some other ones that I expect him to sign with respect to a couple of issues that have been high on his priority list."
Spicer did not elaborate. Trump had promised to take executive actions immediately after taking office to counter some of the policies of Democratic President Barack Obama.
And while it is unclear what actions Trump will take, Forbes has compiled a list of Obama's own Executive Orders which will likely be target by Trump as soon as he steps into office:
Executive Orders:
Most executive orders are not regulatory. But when they are, the complexity of overturning them grows as Washington administers more private, local or state concerns, all without Congress passing a law. President Obama has issued executive orders on (for example) a minimum wage for federal contractors, a Non-Retaliation for Disclosure of Compensation Information decree, an order on paid sick leave for federal contractors, and controversial orders on cybersecurity information sharing and sanctions on individuals allegedly engaged in malicious cyber activity. There is even an order to better regulate us with behavioral science; government as helicopter parent, one might say.
Notable recently was Obama’s regulatory pro-antitrust “Steps to Increase Competition and Better Inform Consumers and Workers to Support Continued Growth of the American Economy.” This action proposed interventionist policies and attempted to cast most blame for anti-competitive business practices on private actors like the telecommunications sector, rather than the regulatory state's overreach, cronyism, public/private partnerships and government favors.
On the environmental side, we have“Safeguarding the Nation from the Impacts of Invasive Species”; a “Planning for Federal Sustainability in the Next Decade” directive to federal agencies to reduce greenhouse gas emissions by more than a third; and controversial proclamations designating numerous national monuments.
As of today, President Obama has issued 292 executive orders, fewer actually than Bush or Clinton. While observers of executive action point to executive orders, these are not the source of most major decrees. Instead, unilateral memoranda, agency guidance and other dark matter dominate.
via Motley Fool Headlines by on Wed, 18 Jan 2017 16:53:00 GMT
Dividend stocks have done well with low interest rates, but will the Fed stop the party?via Motley Fool Headlines by on Wed, 18 Jan 2017 16:42:00 GMT
I have a little bit of credit card debt still kicking around, and I'd love to see that gone when we ring the bell into 2018.via by Tyler Durden on Wed, 18 Jan 2017 16:37:12 GMT
The loonie is tumbling this morning after Bank of Canada Governor Stephen Poloz, speaking at a press conference in Ottawa, said if downside risks materialize then rate cuts remain on the table.
As Bloomberg details:
And the Canadian dollar is losing ground fast...
How long before Trump accuses Canada of currency manipulation?
Additionally the peso is getting pounded after Wilbur Ross comments on border taxes and tariffs...
via Motley Fool Headlines by on Wed, 18 Jan 2017 16:30:14 GMT
The world's top uranium miner had some bad news for investors. Will things improve in 2017?via by Tyler Durden on Wed, 18 Jan 2017 16:24:09 GMT
Bitcoin prices in China had fallen last week after the PBOC began to investigate platforms and now, as Beijing News reports, margin trading and short selling violations were found at Bitcoin exchanges OkCoin and Huobi.com after preliminary inspections, according to PBOC officials.
Violations were also found at the BTCC online bitcoin exchange, including unauthorized businesses and illegal margin funding, Shanghai Securities News says on cnstock.com, citing officials at the PBOC Shanghai branch.
The reaction - for now - is muted, but all three major Chinese Bitcoin exchanges are seeing prices fall...
Perhaps indicating more controls to come, officials noted "these bitcoin trading platform financing irregularities are leading to abnormal market volatility. In addition, these platforms are not required to establish anti-money laundering internal control system."
via Motley Fool Headlines by on Wed, 18 Jan 2017 16:25:00 GMT
Mixed results out of the vacation industry, along with rising fuel costs, sent the stock down last year.via Motley Fool Headlines by on Wed, 18 Jan 2017 16:20:00 GMT
Investors weren't pleased with Spirit Airlines' recent guidance update. However, the company's outlook may be better than it appears.via by Tyler Durden on Wed, 18 Jan 2017 16:06:40 GMT
The Central Intelligence Agency has published nearly 13 million pages of declassified files online, documents which previously were physically accessible only from four computer terminals at the National Archives in College Park, Maryland.
The record include info on Nazi war crimes, the Cuban Missile Crisis, UFO sightings, human telepathy ("Project Stargate") and much more. The release has been a long time coming: Bill Clinton first ordered all documents at least 25 years old with "historical value" to be declassified in 1995. The agency complied, however anyone who wanted access had to trek all the way to the US National Archives in Washington DC to get a peak.
In 2014, a nonprofit journalism organization called MuckRock filed a Freedom of Information Act (FOIA) lawsuit pressing the CIA to post all of its documents online, but the agency said it would take up to six years to scan everything according to engadget. At the same time, journalist Mike Best crowd-funded more than $15,000 to visit the archives to print out and then publicly upload the records, one by one, to apply pressure to the CIA. "By printing out and scanning the documents at CIA expense, I was able to begin making them freely available to the public and to give the agency a financial incentive to simply put the database online," Best wrote in a blog post.
"Access to this historically significant collection is no longer limited by geography," said Joseph Lambert, the CIA's information management director in a press release. The agency was aiming to publish the documents by the end of 2017, but finished the work ahead of schedule.
“We’ve been working on this for a very long time and this is one of the things I wanted to make sure got done before I left. Now you can access it from the comfort of your own home,” said outgoing CIA director of information Lambert. The agency continues to review documents for declassification, so the treasure trove has not been unearthed in full, and there’s definitely more to follow.
* * *
The online records, shed light on the agency's activities throughout the Vietnam, Korean and Cold War conflicts; they also includes documents relating to UFO sightings and psychic experiments from the Stargate program, which has long been of interest to conspiracy theorists. The archives also cover events from the 1940s the 1990s (each year, a new batch are declassified) and include details about the flight of war criminals from Nazi Germany, the quarter-mile Berlin tunnel built to tap Soviet telephone lines, internal intelligence bulletins and memos from former CIA directors, UFO reports and more.
The released trove also includes the papers of Henry Kissinger, who served as secretary of state under presidents Richard Nixon and Gerald Ford, as well as several hundred thousand pages of intelligence analysis and science research and development.
Among the more unusual records are documents from the Stargate Project, which dealt with psychic powers and extrasensory perception. Those include records of testing on celebrity psychic Uri Geller in 1973, when he was already a well-established performer.
Memos detail how Mr Geller was able to partly replicate pictures drawn in another room with varying - but sometimes precise - accuracy, leading the researchers to write that he "demonstrated his paranormal perceptual ability in a convincing and unambiguous manner" the BBC reported.
One set of documents details results of psychic tests on Uri Geller, where he attempted
to copy drawings made by researchers from within a sealed room.
One of the tests involved drawings. A word was selected at random from a dictionary. The first word selected was “fuse”. A firecracker was then drawn by someone outside the locked room. The picture was then taped to the wall outside Geller’s cell and he was told via intercom the drawing was finished. The CIA documents say: “His almost immediate response was that he saw a ‘cylinder with noise coming out of it’. “His drawing to correspond with it was a drum, along with a number of cylindrical-looking objects.”
The second word chosen was “bunch” and a scientist drew a bunch of grapes. The document states: “Geller’s immediate response was that he saw ‘drops of water coming out of the picture’. “He then talked about ‘purple circles’. “Finally, he said that he was quite sure that he had the picture. His drawing was indeed a bunch of grapes.”
The researchers concluded Uri “demonstrated his paranormal perceptual ability in a convincing and unambiguous manner”.
* * *
Other unusual records include a collection of reports on flying saucers, and the recipes for invisible ink.
"None of this is cherry-picked," said CIA spokesperson Heather Fritz Horniak, cited by CNN. "It's the full history. It's good and bads."
Nothing in the archive is newly declassified. Although the documents are declassified, redactions do exist throughout the millions of pages. The redactions, which Horniak describes as light, were done to protect sources and methods that could potentially harm national security, she explained.
The archive is massive, and new developments on the CIA's activities throughout its storied history are likely to come out as the millions of pages are reviewed.
So is the online database likely to reveal anything particularly juicy? It is not likely, especially since the documents have likely been extensively scrubbed in advance even though CIA Director of Information Management Joseph Lambert said the agency did one last check through the collection before releasing it, and did not reclassify any more documents.
However, the documents will surely provide hours of inquiry for historians, war buffs, UFO enthusiasts and others. The archives cover events from the 1940s the 1990s. It can be accessed as the following link.
via Motley Fool Headlines by on Wed, 18 Jan 2017 16:06:00 GMT
One has absolutely outperformed the other, but what about moving forward?via Motley Fool Headlines by on Wed, 18 Jan 2017 16:03:00 GMT
Two big names -- one this week and another next week -- are about to drop their latest numbers. Here's what to watch.via Motley Fool Headlines by on Wed, 18 Jan 2017 16:00:00 GMT
The accounting questions are only the tip of the iceberg.via Motley Fool Headlines by on Wed, 18 Jan 2017 16:00:00 GMT
It's good to be the entertainment king.via Motley Fool Headlines by on Wed, 18 Jan 2017 16:00:00 GMT
The shale driller’s stock survived a bankruptcy restructuring last year.via by Tyler Durden on Wed, 18 Jan 2017 15:50:54 GMT
Submitted by Alex Christoforou via The Duran.com,
Russian "election hack" narrative falls apart in light of Chelsea Manning clemency.
We applaud Obama for commuting the prison sentence of Chelsea Manning from 35 years to 7 years.
Army soldier, Chelsea Manning was convicted in 2013 of leaking hundreds of thousands (some counts have the number at 750,000) classified documents about US national security activities to WikiLeaks.
Those documents included diplomatic cables, military intelligence in Iraq and Afghanistan, and video files showing US strikes against “terrorists”, and in one instance showing strikes that killed two Reuters journalists.
By granting Manning clemency, Obama admits that the massive leak of classified intelligence information (arguably the most damning US intelligence leak ever) was damaging, but not so damaging as to warrant a 35 year prison sentence.
Certainly Manning’s intelligence leak is magnitudes worse a leak (in relation to US national security) than the John Podesta emails, that have the entire US establishment up in arms and pleading for a heavy retaliation.
Keep in mind that Chelsea Manning has pleaded guilty and admitted to the intelligence breach. No evidence has ever been provided to the public that proves the Russian state was behind the Podesta or DNC document leak.
Which brings us to this argument.
The Democrat Party, and their outgoing President Barack Obama, are gravely concerned about “Russian election hacking”, concerned enough to impose sanctions on Russia, expel Russian diplomats, and even call for a “war-like” response towards Russia, with no evidence.
How does Obama, and his party, explain the sudden about face on Manning, and their forgiveness for Manning’s intelligence “betrayal”, that jeopardized the “fabric of US democracy” and “endangered US national security”?
Are we to believe that John Podesta’s emails as worthy enough for conflict with Russia, but Manning’s classified document release, that exposed the highest level of US military intelligence information, is now considered forgivable?
Or can we simply conclude that Obama’s “red scare” is simply a political ploy to damage President-elect Trump, and excuse Hillary Clinton (and the Democrat Party) from running the most pathetic election in history…because the false narrative that John Podesta’s email leak threatens to destroy “US democracy”, has know fallen completely apart.