July 2017

Dow Closes At Record High

 

The Dow Jones industrial average closed at a record high on Monday as Wall Street cheered on what's been a strong earnings season.

The 30-stock index rose 60.81 points to close at 21,891.12 with Goldman Sachs and Home Depot contributing the most gains. Boeing also contributed gains, with shares rising half a percent after announcing it expects a record number of aircraft orders from India. The announcement came about a week after posted better-than-expected quarterly results.

The S&P 500 closed 0.07 percent lower at 2,470.30 as materials and information technology lagged. The Nasdaq composite underperformed, falling 0.42 percent to end at 6,348.12 as large-cap tech stocks like Facebook and Alphabet pulled back.

National Debt Has Decreased

Many people don’t call President Trump the Tea Party President for nothing.  For the first time in our lifetime President Trump’s fiscal policies, targeting growth in the economy, actually have the cumulative effect of lowering the national debt as measured by the U.S. Treasury.

Total U.S. National Debt has now decreased by over $100 billion.  *Note: That’s five times more than is needed to build the Southern Security and Border Wall.

And yes, this decrease is real and represents a long term reversal. During same 6 months in 2016 the U.S. National Debt grew by $450 billion (from $18,941,406,899,252.15 -to- $19,391,704,027,667.12).   [DATA HERE] The Trump trend is not connected to a temporary lowering of debt during tax collection season.  The ACTUAL ‘federal’ debt clock is now running backwards.

(Hope they have doublechecked their figures)

Will NBC Report on This Lawsuit

NBC Lawsuit: The Network’s Desire for ‘Attractive Employees’ Created a ‘Toxic Environment (NBC  had numerous reports on the sexual harassment allegations against Fox. Think the network will report on this?)

Our Multicultural Utopia

Cops say hands are tied in arresting unruly 'desnudas' naked female panhandlers 'because most are illegal immigrants'. 

(This is in New York City. I would think the New York Times would mention it. Oh, well...)

The Pakistani Hackers Worked for the DNC

It’s U.S. Rep. Debbie Wasserman Schultz (D-Fla.), former head of the Democratic National Committee, Hillary Clinton groupie, and, right now, the Barbie Doll in the center of (at last!) a real scandal involving a Pakistani computer guru called Imran Awan, his wife Hina Alvi, various other family members, and the computer servers of various Democratic congressmen, including Schultz.

Last week, Awan was nabbed by the FBI at Dulles Airport trying to flee to Pakistan. His wife had already flown the coop for Lahore in March, taking $12,400 with her. (The poor thing forgot to read the fine print you see in all those travel advisories that it is a felony to transport more than $10,000 in currency without reporting it.)

Sunday is a big day of the week for The New York Times. Were you or (per impossible) I the editor of the Gray Lady, this story would have occupied a prominent place on the front page of Sunday’s edition. And sure enough, there it was, above the fold . . . Oh, wait, I was mistaken. It was not DWS after all. Silly mistake. It was actually an African herder surrounded by a bunch of goats. Also above the fold was a rare Times story lambasting Donald Trump. About Wasserman Schultz and the Iwan scandal there was precisely . . . nothing.

One Year Later, Journalists Exposed By WikiLeaks Carry On As Before

Take Glenn Thrush, for example. Thrush, now with the New York Times, was exposed sending stories to the Clinton campaign for approval while at Politico.

Because I have become a hack I will send u the whole section that pertains to [you],” he wrote in an April 30, 2015 email to Podesta, including five paragraphs from a story later titled “Hillary’s big money dilemma.”

“Please don’t share or tell anyone I did this,” Thrush added. “Tell me if I fucked up anything.

“No problems here,” Podesta replied.

On April 17, 2015, Thrush sent an email to Clinton communications director Jennifer Palmieri with the subject line: “pls read asap — the [Jennifer Palmieri] bits — don’t share.”

Palmieri forwarded Thrush’s email to other Clinton campaign staffers, writing: “He did me courtesy of sending what he is going to say about me. Seems fine.”

Thrush’s career doesn’t appear to have been harmed by the fact that he sent stories to Clinton staffers for approval. If anything, his career trajectory has continued upward: Thrush joined the New York Times in December as a White House correspondent.

While covering the Trump administration for the NYT, Thrush has often co-authored stories with fellow White House correspondent Maggie Haberman, whom an internal Clinton campaign memo described as a “friendly journalist.” The memo added: “We have had her tee up stories for us before and have never been disappointed.

Did Legal Pot Contribute to This?

A slew of reports finds a fresh reason for the chronic inability of American companies to fill skilled jobs: not a lack of skills, and hence a training-and-education crisis, but a surfeit of drug abuse. Simply put, prime-working age Americans without a college diploma are often too drugged-out to get the best jobs. Opioids remain at high levels, but the surge in drug use is now heroin and the powerful contaminant fentanyl.

The reports suggest a circularity to the crisis in America's rust and manufacturing belts: the loss of jobs and wage stagnation has led to widespread disaffection, alienation and drug abuse; and drug abuse has led to joblessness, hopelessness and disaffection

Lower Gas Prices Are the Future

 Last week Royal Dutch Shell (RDSA) told investors that it expects oil prices to be "lower forever." We're still waiting for all those people who were only recently complaining about higher-forever oil prices to admit their mistake.

It wasn't that long ago that President Obama was mocking Republicans for their "three-point plan for $2 gas: Step one is drill, step two is drill, and step three is keeping drilling."

He went on to say that "the American people aren't stupid. They know that's not a plan."

Renewable energy, he said, was the only way to solve the "problem" of high oil prices.

And he kept pushing for new taxes on "old" energy to support federal subsidies for the energy supplies "of the future."

Of course, Obama wasn't the only one. There was endless talk about how Big Oil was making obscene profits while gas prices skyrocketed. There were calls for investigations into collusion among oil companies. Some wanted to bring back the Jimmy Carter-era "windfall profits tax."

Turns out drill, baby, drill was exactly what was needed.

Corruption Scandals Are Piling Up for Democrats

Former DNC Chair Debbie Wasserman Schultz was pulled into yet another scandal when on July 25 former IT aide Imran Awan was detained while attempting to flee the country and charged with bank fraud for wiring nearly $300,000 to Pakistan ahead of his planned escape. Imran Awan, who was employed by Wasserman Schultz until his arrest, is under criminal investigation for “wide-range equipment and data theft.” He reportedly tried to destroy hard drives confiscated by the FBI. Though the investigation began in February, Wasserman Schultz only recently granted U.S. Capitol Police access to a laptop Awan hid in a crevice of a congressional office building. The case is one of many scandals that have engulfed the Democratic Party.

(And there's many more)

Trump Delivers to the Rust Belt

THE WAY FORWARD

Trump Delivers in Rust Belt