Trump continues to press for new American jobs, this time with the head of Alibaba, a huge online sales company.
The free market, left to its own devices, destroys as it creates. Efforts to repeal this economic law continue to fail.
Let's give Trump some credit for creating the psychological environment that billionaires need in order to make these kinds of decisions.
The Energy Independence and Security Act of 2007 required oil refiners to add ethanol to their product or buy ethanol credits. Those credits are now being traded and reaping hundreds of millions of dollars in gains for the big oil companies.
When the European Commission ruled that Apple must pay $14.5 billion to Ireland in taxes, Apple vowed to fight back because the commission is enforcing its own tax mandates, not Ireland's.
A coalition of Republican lawmakers introduced a bill in Congress that would prohibit any federal or “funny-money” funding to bail out to state, county, local, or territorial governments across the United States. If the legislation is approved, the prohibition would apply to bailouts by both the Obama administration's Treasury and the “independent” Federal Reserve System, which in recent years has conjured trillions of dollars into existence out of thin air to bail out mega-banks and other cronies in America and worldwide. Some analysts, though, are skeptical of the motives.
Ten or the largest banks have $147 billion in revolving credit lines to the oil industry that are likely to expand their exposure to the energy industry just when they'd rather reduce it.
Predictions of a global recession are now coming more and more from mainstream economists and analysts.
With the Trans-Pacific Partnership (TPP) signed today in New Zealand by officials from the 12 governments and dictatorships ensnared in the sovereignty-smashing “free trade” regime, opposition to the plot — dubbed “Obamatrade” by critics — is surging across the political spectrum. In the presidential primaries, virtually nobody, not even known establishment candidates, dares to express support for the scheme. In Congress, members of both parties are up in arms, calling on their colleagues to crush the TPP before it crushes America. And among the grassroots, Americans of all political persuasions are outraged, ranging from labor unions and environmental groups to conservative, libertarian, and constitutionalist forces.