He was my monster: Actress Salma Hayek alleges Harvey Weinstein misconduct

2017 12 14T003439Z 1 LYNXMPEDBD011 RTROPTP 0 PEOPLE WEINSTEIN HAYEK 1 150x150 - ‘He was my monster’: Actress Salma Hayek alleges Harvey Weinstein misconduct

‘He was my monster’: Actress Salma Hayek alleges Harvey Weinstein misconduct
FILE PHOTO: Actor Hayek attends the Hollywood Foreign Press Association (HFPA) and InStyle celebration of the 75th Annual Golden Globe Awards season at Catch LA in West Hollywood
FILE PHOTO: Actor Salma Hayek attends the Hollywood Foreign Press Association (HFPA) and InStyle celebration of the 75th Annual Golden Globe Awards season at Catch LA in West Hollywood, California, U.S. November 15, 2017. REUTERS/Patrick T. Fallon/File Photo

December 14, 2017

(Editor’s Note: Please be advised that paragraph 9 contains a graphic description)

By Chris Kenning

CHICAGO (Reuters) – Mexican-born actress Salma Hayek has joined the ranks of Hollywood women accusing movie producer Harvey Weinstein of sexual misconduct, calling him a “monster” in an article published by the New York Times on Tuesday.

“For years, he was my monster,” Hayek wrote in the opinion piece in which she included descriptions of sexual harassment, bullying and threats.

Holly Baird, a spokeswoman for Weinstein, reached by email on Wednesday, said she could not immediately provide a comment.

More than 50 women have claimed that Weinstein sexually harassed or assaulted them over the past three decades. Weinstein has denied having non-consensual sex with anyone.

Reuters has been unable to independently confirm any of the accusations against Weinstein.

Hayek’s spokeswoman had no immediate comment on Wednesday.

Police in New York, Los Angeles, Beverly Hills and London have said they are investigating allegations of sexual assault or rape by Weinstein.

Hayek wrote in the article that she was inspired to share her experiences after other women came forward. Her account largely centered around the time she was involved with making the 2002 film, “Frida,” in which she portrayed Mexican painter Frida Kahlo.

Hayek wrote that she was pleased to have the opportunity to work with Weinstein and Miramax, which he then owned, because it was “synonymous with quality, sophistication and risk taking in films.” But, she wrote, she found herself rebuffing sexual advances and requests from Weinstein.

“No to letting him give me oral sex,” Hayek wrote as one of several examples. “And with every refusal came Harvey’s Machiavellian rage.”

Hayek wrote that Weinstein was threatening to shut down the production of “Frida” and that he pressured her into doing a sex scene with another woman in the film. Hayek said that when she went to film the scene, “… for the first and last time in my career, I had a nervous breakdown.”

The actress, who called Weinstein a “passionate cinephile, a risk taker, a patron of talent in film, a loving father and a monster,” wrote, “I never showed Harvey how terrified I was of him.”

“Until there is equality in our industry, with men and women having the same value in every aspect of it, our community will continue to be a fertile ground for predators,” she wrote.

(Reporting by Chris Kenning; Editing by Ben Klayman)

//(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = ‘https://connect.facebook.net/en_US/all.js#xfbml=1’; fjs.parentNode.insertBefore(js, fjs); }(document, ‘script’, ‘facebook-jssdk’));//

Source link

from
https://capitalisthq.com/he-was-my-monster-actress-salma-hayek-alleges-harvey-weinstein-misconduct/

Source: http://capitalisthq.weebly.com/blog/he-was-my-monster-actress-salma-hayek-alleges-harvey-weinstein-misconduct

Advertisements

JONES WINS ALABAMA SPECIAL ELECTION

politico 150x150 - JONES WINS ALABAMA SPECIAL ELECTION

JONES WINS ALABAMA SPECIAL ELECTION

With Zach Montellaro and Daniel Strauss

The following newsletter is an abridged version of Campaign Pro’s Morning Score. For an earlier morning read on exponentially more races — and for a more comprehensive aggregation of the day’s most important campaign news — sign up for Campaign Pro today. (http://www.politicopro.com/proinfo)

Story Continued Below

SPECIAL ELECTION — “Alabama earthquake: Democrat Jones wins,” by Campaign Pro’s Daniel Strauss: “Democrat Doug Jones defeated Roy Moore in a special election earthquake Tuesday, flipping an Alabama Senate seat to Democrats for the first time in a quarter-century and delivering a blow to President Donald Trump. … Jones’ win — after Moore was accused of sexual assault and other misconduct by multiple women in November — will shrink Republicans’ already tenuous Senate majority to 51-49, just as the party approaches final consideration of its sweeping tax bill and prepares for the 2018 midterm elections in a difficult political environment. Moore’s loss relieves Senate Republicans from one burden: Considering whether they would expel him from the chamber if he won. But the Republican defeat was a major setback for Trump, who gave Moore a full-throated endorsement in the final days of the race, in a state he won with over 60 percent of the vote in 2016.”

— “… As Moore’s campaign fought scandal, Jones became cause of national Democrats eager to defeat the Republican. Online donors flooded his campaign with money as Jones criss-crossed Alabama focusing on what he called ‘kitchen table issues’ (and rarely mentioning his party). His TV ads blanketed the airwaves, hammering Moore as a sexual predator while also introducing Jones as a Second Amendment-supporting federal prosecutor who had convicted Ku Klux Klansmen involved in the bombing of Birmingham’s 16th Street Baptist Church during the civil rights era. Jones rode a surge of energy among black voters and got a key bump from white-collar suburbanites who often vote Republican but turned away from the controversial Moore. … Moore still won college-educated white voters 57 percent to 41 percent, according to the National Election Pool exit poll — but the group shifted hard in Democrats’ direction compared to past Alabama elections.” Full story.

See the results here, and be sure to scroll down to see the county-by-county swing using the 2016 presidential results as a baseline. Many of the biggest county swings to Jones came in Alabama’s most-educated counties, reflecting some of the same movement we’ve seen among college-educated white voters around the country — though for reasons unique to this race.

“Exit polls: How Doug Jones pulled off his stunning win,” by POLITICO’s Steven Shepard: “Doug Jones needed a surge of black voter turnout and a wide gender gap to pull off his stunning victory over embattled Republican Roy Moore in Tuesday’s special Senate election. … Jones also made some inroads among white voters — particularly women and those with college degrees. While Moore still won white voters by a more-than-2-to-1 margin, 68 percent to 30 percent, that is closer than other recent elections in which Republicans won nearly 4 out of 5 white voters. … Despite Alabama’s Republican orientation, Trump’s support was not a silver bullet [for Moore]. A combination of Trump’s eroded position nationally and Democratic enthusiasm at the ballot box led to this remarkable stat: The percentage of voters on Tuesday who disapproved of the job Trump is doing as president (48 percent) was equal to the percentage who approve of Trump (48 percent).” Full story.

— “Trump suffers ‘big black eye’ in Alabama,” by POLITICO’s Eliana Johnson: “Doug Jones didn’t just defeat Roy Moore in Alabama’s Senate race on Tuesday night — he administered the most crushing and embarrassing political blow of President Donald Trump’s young presidency. Jones’ win meant that Trump, who had endorsed Luther Strange in the Republican primary before backing Moore in the general election, threw his weight behind the losing candidate not once, but twice, in the Alabama race. … Jones’ win, said one senior administration official, ‘is a big black eye for the president.’ For the president, who ignored the advice of both Senate Majority Leader Mitch McConnell and his own political team at the White House to stay out of the race, it was a self-inflicted wound. … [Trump] tracked the race closely, asking to see poll numbers from his advisers. On Tuesday he followed news coverage that played on mute during his daily meetings. His former chief-strategist Steve Bannon, now the chairman of Breitbart News, was alone among the members of the Trump inner circle pushing him to back Moore. The two spoke Tuesday morning, and Bannon offered Trump assurances that Moore would prevail.” Full story.

— “5 takeaways from Alabama’s startling special election,” by POLITICO’s Gabriel Debenedetti and Alex Isenstadt: “Moore’s loss deals a serious blow to the anti-establishment campaign Bannon had been planning for next year’s midterms, one that was predicated on defeating incumbents and other mainstream Republicans that are being propped up by Senate Majority Leader Mitch McConnell. … [One] primary reason for Jones’ win was strong antipathy toward Moore among white, suburban, college-educated conservatives. Many of them chose to sit out the election or follow the lead of Sen. Richard Shelby and write in an option other than Moore. That follows the pattern of Republican under-performance in the suburbs during earlier races in 2017, and it creates a clear opportunity for Democrats in 2018 — especially given their enormous turnouts.” Full story.

ON TAP THIS MORNING — Minnesota Gov. Mark Dayton to announce Franken replacement: Dayton has a press conference scheduled for 10 a.m. Central (11 Eastern) Wednesday morning where he will announce his pick to replace resigning Sen. Al Franken in the Senate. Dayton had settled early on Lt. Gov. Tina Smith as his pick for the position, POLITICO reported last week, and MPR reported Tuesday night that Smith told a person who spoke to her that she will run in a 2018 special election to complete Franken’s term, which lasts until 2020.

FROM THE HILL — “Quick transition to tax reform could mean surprises for taxpayers,” by POLITICO’s Brian Faler: “Republicans plan to implement their tax overhaul at the same speed they pushed it through Congress, with most provisions slated to begin taking effect Jan. 1, just days after they hope to have it signed into law. They want their mix of business and individual tax cuts up and running as quickly as possible to juice the economy in time for next year’s elections. But the quick start date is fueling complaints that lawmakers are leaving the public little time to adjust to the new plan, including a slew of tax increases that would come online alongside the tax cuts. Many of the provisions have been barely debated, and people may be surprised by sudden changes in policy.” Full story.

Days until the 2018 election: 328.

Upcoming election dates: Arizona 8th District special primary: Feb. 27. Texas primaries: March 6. Pennsylvania 18th District special election: March 13. Illinois primaries: March 20.

Thanks for joining us! You can email tips to the Campaign Pro team at sbland@politico.com, eschneider@politico.com, krobillard@politico.com, dstrauss@politico.com and mseverns@politico.com.

You can also follow us on Twitter: @politicoscott, @ec_schneider, @politicokevin, @danielstrauss4, and @maggieseverns.

Faster, Smarter Legislative Tracking: Don’t wait until 2018 to try Legislative Compass, POLITICO Pro’s powerful, easy-to-use tool for federal and state legislative tracking. 2017 preferred pricing expires 12/31. Start my trial.

SPECIAL ELECTION SEASON — Poll data out of AZ-08 primary: ABC15 Arizona and OH Predictive Insights conducted an IVR poll that found that former Arizona Corporation Commissioner Bob Stump leads the potential nine-way primary field, followed by state Sen. Debbie Lesko and Maricopa County Supervisor Clint Hickman. Stump also leads on name ID and favorability. But 37 percent of the 400 likely Republican voters surveyed said they were still undecided. The margin of error is plus or minus 5 points.

CUOMO’S FIRST GOP CHALLENGER — “Kolb is the GOP’s first declared gubernatorial candidate,” by POLITICO New York’s Jimmy Vielkind: “Republicans have their first formally declared gubernatorial candidate: Assembly Minority Leader Brian Kolb. The longtime legislator from the tony Finger Lakes city of Canandaigua has spent the last several months touring the state and said he’s ‘jumping off the cliff’ because most people he’s met don’t think the state government is working for them. ‘We need a new face that will listen to us. I do that,’ Kolb told POLITICO.” Full story.

ALL DONE — “After 9-point loss in Va., Gillespie says he would not encourage others to run for office because of ‘poisonous atmosphere’,” by The Washington Post’s Fenit Nirappil: “Gillespie said running for governor this year was much more challenging than when he challenged U.S. Sen. Mark Warner (D-Va.) in 2014 — and nearly won. ‘It’s a much more poisonous atmosphere. I don’t know if there’s causality or correlation, I leave that for others to determine,’ Gillespie said. ‘But I could not honestly say to someone that I like and think is a halfway decent human being, ‘Yeah, you ought to run for office’.’” Full story.

2020 WATCH — “Half of voters say sexual misconduct accusations against Trump are credible,” by POLITICO’s Steven Shepard: “Half of voters find sexual misconduct accusations against President Donald Trump to be credible, according to a new POLITICO/Morning Consult poll conducted against the backdrop of a national discussion on sexual harassment. Fifty percent of registered voters think the allegations against Trump are credible, more than the 29 percent who think they are not credible. The remaining 21 percent of voters don’t know if the allegations are credible.” Full story.

— “Trump’s tweet creates a political opening for Gillibrand,” by POLITICO’s Annie Karni: “Democratic Sen. Kirsten Gillibrand’s phone buzzed Tuesday morning while she sat in the Hart Senate Office Building, participating in her bipartisan Bible study group. She ignored it. But when a member of her senior staff rang her again, and then again, the junior senator from New York finally stepped out into the hallway, bracing herself for a potential crisis. …The confrontation with Trump elevated a fight against sexual harassment that Gillibrand has been waging for years — and distinguished her from the pack of potential 2020 challengers all vying to play the role of Trump slayer.” Full story.

DIGITAL DOWNLOAD — “The problem with Millennial donors in the online giving era,” by Pacific Campaign House’s Cheryl Hori in Campaigns and Elections: “We are in the middle of a small-dollar donor crisis. Right now, campaigns are seeing more online donations than ever before. The money is great, but here’s the problem: The vast majority of online donors are over the age of 60. As a result, it’s safe to say the donor population is finite and aging. Enter the millennials, a generation even larger than the Baby Boomers. When it comes to purchasing power, millennials have been touted as one of the most powerful demographics. And yet, they’re strikingly absent when it comes to donating to campaigns. Why?” Full story.

QUOTE OF THE DAY: “It’s a tough tightrope to walk, and it may not be walkable, to be honest with you.” — Republican Ed Gillespie on running with Trump in the White House, The Hill reported.

Source link

from
https://capitalisthq.com/jones-wins-alabama-special-election/

Source: http://capitalisthq.weebly.com/blog/jones-wins-alabama-special-election

DoubleLines Gundlach says investors should add commodities in portfolios: CNBC

2017 12 13T181122Z 1 LYNXMPEDBC1KC RTROPTP 0 FUNDS SOHN 1 150x150 - DoubleLine’s Gundlach says investors should add commodities in portfolios: CNBC

DoubleLine’s Gundlach says investors should add commodities in portfolios: CNBC
FILE PHOTO - Jeffrey Gundlach, CEO of DoubleLine Capital, speaks during the Sohn Investment Conference in New York
FILE PHOTO – Jeffrey Gundlach, CEO of DoubleLine Capital, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid

December 13, 2017

NEW YORK (Reuters) – DoubleLine CEO Jeffrey Gundlach said on Wednesday that his best investment idea for the new year is commodities, against the backdrop of increasing global economic activity and the valuation attractiveness of commodities relative to U.S. stocks.

“I think investors should add commodities to their portfolios,” said Gundlach on CNBC, pointing to the “remarkable” inverse relationship between the total return of the S&P 500 and the S&P Goldman Sachs Commodity Index.

“You go into these massive cycles,” he said. “The repetition of this is almost eerie. And so if you look at that chart the value in commodities is, historically, exactly where you want it to be a buy.”

Gundlach noted that commodities are just as cheap relative to stocks as they were at turning points in previous cycles that began in the 1970s and 1990s. The S&P Goldman Sachs Commodity Index is up 5 percent this year, versus the S&P 500’s 19 percent gain.

Fundamentals are also at play in commodities, Gundlach said. He pointed out that global economic activity is increasing, a tax cut could boost growth and the European Central Bank is implementing “absurd” stimulative policies in the euro zone. “I mean, GDP in Europe…Germany is higher than the U.S. for the last year-over-year in nominal terms,” he said.

(Reporting By Jennifer Ablan; Editing by Chizu Nomiyama and Cynthia Osterman)

//(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = ‘https://connect.facebook.net/en_US/all.js#xfbml=1’; fjs.parentNode.insertBefore(js, fjs); }(document, ‘script’, ‘facebook-jssdk’));//

Source link

from
https://capitalisthq.com/doublelines-gundlach-says-investors-should-add-commodities-in-portfolios-cnbc/

Source: http://capitalisthq.weebly.com/blog/doublelines-gundlach-says-investors-should-add-commodities-in-portfolios-cnbc

Muslim Nations Unite Against Trump Move

CDF72587 3F0B 4482 A482 57A2CE10675E 150x150 - Muslim Nations Unite Against Trump Move

Muslim Nations Unite Against Trump Move
Photo of David Krayden

12:09 PM 12/13/2017

Muslim nations in the Organization of Islamic Cooperation (OIC) condemned President Donald Trump’s diplomatic recognition of Jerusalem as the capital of Israel.

The Organization has been meeting in Istanbul, where Turkish President Recep Tayyip Erdogan said Wednesday that the world should recognize East Jerusalem as the capital of Palestine, in opposition to Trump’s commitment to move the U.S. embassy to Jerusalem.

A statement by the group released Wednesday said the U.S. move has encouraged Israel “to continue its policy of colonialism, settlement, apartheid and ethnic cleansing.”

Erdogan again called Israel a “terror state” at the conference.

The conference brings together the 57 members of the OIC — Erdogan called for an emergency session of the Muslim nations after Trump made his Jerusalem announcement last week.

Erdogan told the OIC members that Trump wants to “legitimize Israel’s attempt to occupy Jerusalem,” but said Islamic nations will not allow that to happen because he has crossed a “red line” for Muslim nations around the world.

Turkey’s foreign minister echoed Erdogan’s sentiments. Mevlut Cavusoglu claimed the OIC was here “to say ‘stop’ to tyranny.”

“They expect the Islamic nations to remain silent,” he said. “But we will never be silent. This bullying eliminates the possibility of peace and the grounds for shared life. The U.S. decision is null for us.”

Palestinian President Mahmoud Abbas wants the U.S. banished from Middle East peace negotiations. He told OIC members that Trump’s plan for Jerusalem is a “crime” and endangers world peace. He suggested the United Nations take the lead because the U.S. was unfit to do so.

Follow David on Twitter

Source link

from
https://capitalisthq.com/muslim-nations-unite-against-trump-move/

Source: http://capitalisthq.weebly.com/blog/muslim-nations-unite-against-trump-move

Chasing Tall Tales

media chases its tail ben garrison 150x150 - Chasing Tall Tales

Chasing Tall Tales


The establishment or ‘legacy’ media are going to the dogs. Lately we’ve seen even more of their breathless ‘blockbuster’ news events blowing up in their faces, but it doesn’t seem to deter them from continuing to release fake news. Despite their history and money, the big dog ‘mainstream’ media are losing readers, viewers, trust, professionalism and credibility. Their historical dominance is rapidly ending thanks to truth tellers who can be found on the Internet.

The lefty media have been relentless in their biased attacks on President Trump. They were shocked by his election because they had grown used to brainwashing the masses. Hillary promptly blamed the Russians for Trump’s victory and claimed ‘collusion.’

The rabid lefty media have been determined to prove the alleged ‘conspiracy’ ever since, but all they’ve come up with is empty bombast. They’re like a dog who chases its own tail but can never catch it…because the Russian collusion story is not factual.

The Fake News liars have had success against Judge Roy Moore, however. The yearbook story was proven to be a forgery—and sourced to a big media arm. Moore was relentlessly and unfairly impugned as a ‘pedophile,’ by the leftist media. Such repeated lies contributed to his loss and I hope he contests the results, because it was very close.

I recommend “The True Story of Fake News,” by Mark Dice. It offers an excellent explanation and summation of fake news occurring in the legacy media as well as social media.

One of our followers suggested this cartoon and she has our thanks.

–Ben Garrison

Chasing Tall Tales

$500.00

Original artwork of the viral Ben Garrison cartoon 
Historic Political Art in Year One of Trump now available to collectors!

Cartoon published in 2017.

What people are saying:
 
“Ben Garrison has rightly emerged as one of the finest and most influential political artists of the 21st century.”
 
“Ben Garrison is a National Treasure”
 
“Ben Garrison isn’t left or right, hes Americana”
 
Ben Garrison has an uncanny ability to distill complex ideas into one high impact cartoon that touches millions”
 
“If a picture is worth a thousand words, A Ben Garrison cartoon is worth a million words”
 
 
Don’t miss this opportunity to own unique, one of kind artwork by the top Political Artist of our time.
 
Many hours of work went into creating this hard hitting masterpiece of original  political art. 
 
Savvy art collectors from all over the world own Ben Garrison originals. Ben’s original art is proudly displayed in Australia, the United Kingdom, and Canada. 
Ben Garrison cartoons are shared by social media’s biggest names and seen by millions.

1 in stock

Add to cart

Description

Size: 30″ wide by 22″ tall

Medium: Ink on smooth press bristol board

Certificate of Authenticity included

Bonus: Comes with signed color print!

Shipped Priority Mail in a large heavy duty mailer for protection

Original Art may have small differences from final published version which makes the original cartoon unique and even more valuable! 

About the Cartoon

The establishment or ‘legacy’ media are going to the dogs. Lately we’ve seen even more of their breathless ‘blockbuster’ news events blowing up in their faces, but it doesn’t seem to deter them from continuing to release fake news. Despite their history and money, the big dog ‘mainstream’ media are losing readers, viewers, trust, professionalism and credibility. Their historical dominance is rapidly ending thanks to truth tellers who can be found on the Internet.

The lefty media have been relentless in their biased attacks on President Trump. They were shocked by his election because they had grown used to brainwashing the masses. Hillary promptly blamed the Russians for Trump’s victory and claimed ‘collusion.’ The rabid lefty media have been determined to prove the alleged ‘conspiracy’ ever since, but all they’ve come up with is empty bombast. They’re like a dog who chases its own tail but can never catch it…because the Russian collusion story is not factual.

The Fake News liars have had success against Judge Roy Moore, however. The yearbook story was proven to be a forgery—and sourced to a big media arm. Moore was relentlessly and unfairly impugned as a ‘pedophile,’ by the leftist media. Such repeated lies contributed to his loss and I hope he contests the results, because it was very close.

I recommend “The True Story of Fake News,” by Mark Dice. It offers an excellent explanation and summation of fake news occurring in the legacy media as well as social media.

One of our followers suggested this cartoon and she has our thanks.
–Ben Garrison

The post Chasing Tall Tales appeared first on Grrr Graphics.

Source link

from
https://capitalisthq.com/chasing-tall-tales/

Source: http://capitalisthq.weebly.com/blog/chasing-tall-tales

Its A FOMC Day! Daily Pfennig

Chuck Butler’s: A Pfennig For Your Thoughts 

December 13, 2017 

* What will Yellen say today? 

* Dollar backs off for a day… 

* Chuck wants to be a reporter? 

Good Day… And a Wonderful Wednesday to you! Well, looky here! The Pfennig at the normal time! YAHOO! Well, close to normal time that is…  I figured that since this is the last Pfennig this week, that I had better get it out closer to normal time, to leave that thought on your mind as we go to the weekend.. HA!  Yes, tomorrow is an infusion day, and it’s scheduled quite early in the morning, so no Pfennig tomorrow or Friday, on infusion confusion day…  Tyrone Davis greets me this morning with his song: Can I Change My Mind…    

The Fed members will put away the board games today and get down to brass tacks regarding the rate hike that everyone and their brother expects this afternoon. I would think that the rate hike is already all price in, but what isn’t priced in is the press conference that outgoing Fed Chair, Janet Yellen will hold following the rate announcement…  

Man would I love to be a member of the press that got to cover the press conference, as I would be the only one brave enough to stand up and ask her, “Why did you think it was prudent to hike rates again when your inflation target hasn’t been met, and the country is in peril regarding the possibility of a government shutdown next week?”   I would then sit down and probably hear her say…  

“thank you for your questions, but we continue to see inflation rising and want to be ahead of the curve with these rate hikes. And the Fed can’t be held hostage by what the lawmakers do or don’t do, they’ve made life difficult for Fed members with their deficit spending, but have you ever heard us complain?”     And the markets would all give her a standing ovation, because, well, they are star struck with the Fed…  And I would just sit there shaking my head in disbelief of this scenario…     

OK,  let’s get back to reality here… The dollar has taken another breather, and the currencies were able to hold steady Eddie, albeit at lower levels yesterday, and through the overnight markets… And that’s the reason I believe the Fed rate hike is all priced in…    But if Yellen decides to go all hawkish in her last press conference as Fed Chair, and talk about multiple rate hikes in 2018, the dollar could very easily get back on the rally horse this afternoon…  

The European Central Bank (ECB) meets tomorrow, and I really think that soon the focus on Central Bank meetings is going to shift to the ECB meetings, for in 2018, there will be major moves in monetary policy coming from the ECB, as the Eurozone economy continues to improve for all parties and not just for Germany.  In the FWIW section today, I have a Bloomberg article about why the Big Banks are calling for another bad year for the dollar, based on this thought about the ECB and the Eurozone economy…  So, you won’t want to miss that!   

The other three Central Banks that I told you on Monday would meet this week, the Bank of England (BOE), Norway’s Norges Bank, and the Bank of Japan (BOJ) will follow the ECB’s lead tomorrow and let everyone know that they too are remaining steady Eddie with their policies for now…  As I said on Monday the wild card here is the ECB, as ECB President Draghi could either go all RAMBO on us with hawkish talk about monetary policy, or he would be a real lamb, and talk about the need to keep things steady Eddie just a bit longer, which is what I think he’ll do…    

The antipodean currencies of Australia and New Zealand always seem to be able to carve out some small gains whenever the dollar backs off and yesterday was no different for the two. Makes you get all warm and fuzzy inside thinking about how these two could potentially take off for higher ground when the strong dollar trend finally gives up… 

I saw and article yesterday that Lola aka Goldman Sachs were really touting commodities…  That pretty much tells you that commodities will rally, given that whatever Lola wants, Lola gets, right?  Hey! I have no problems with this call by Lola, for I too believe that commodities are gearing up for a nice bull run in 2018, as inflation returns to the countries of the world…  Shoot Rudy! We might even see inflation rise in Japan in 2018! Now that would be something to see, right?  

Well, Gold didn’t lose ground yesterday, and the shiny metal  had that going for it… My friend, Ed Steer, continues to have website troubles, but for those of us who paid attention to my calls in the past and signed up with Ed Steer, you get his daily email and don’t need to go to the website!   Well, I very rarely quote Ed, so I thought for today’s discussion on Gold, his thoughts this morning would be great! So, here’s Ed! “Gold finished the Tuesday session in New York at $1,244.00 spot — and up $2.40 on the day. For the second day in a row we’ve had either a new intraday low set, or new low close for this move down — and net volume has been relatively quiet. That was the case again yesterday, as it checked in at something under 206,000 contracts.” – Ed Steer        

The U.S. Data Cupboard had the November PPI (wholesale inflation) which I told you yesterday that I thought we would see a rise in, and we did as Nov. PPI printed at 0.4%, the fastest monthly rise in a month of Sundays.  The Federal Budget / Deficit was greater than expected… What else is new?  And now we’re going to pass a tax bill that adds $1.8 Trillion to the national debt? When will all this madness stop? Oh, I know the answer, please call on me Mr. Kotter!  

Today’s Data Cupboard has the stupid CPI and of course the FOMC rate announcement this afternoon… I love it though, that the stupid CPI will print this morning, and show inflation below the Fed’s target rate, and then this afternoon the Fed will ignore that, and hike rates… 

To recap… It’s all about the Fed rate announcement this afternoon, and the press conference that will follow the rate announcement… What will Janet Yellen say?  The markets are waiting with anticipation like kids on Christmas Eve…   The dollar has taken a breather, and it will all depend on what Yellen says that decides whether the dollar gets back on the rally horse this afternoon, or not…   

For What It’s Worth… Well this was pre-billed above so with no further ado, here the article on Bloomberg regarding the dollar’s outlook for 2018… https://www.bloomberg.com/news/articles/2017-12-12/after-stunning-rout-traders-see-no-end-to-dollar-pain-in-2018  

Or, here’s your snippet: “For the almighty dollar, 2017 has been nothing short of abysmal, 2018 might be even worse.”

Chuck again… Sorry but the cut-n-paste feature won’t work with Bloomberg articles, so you have to click on the link above to read the article…  Crazy technology… Sometimes I wish things wouldn’t change…    

Currencies today 12/13/17… American Style: A$ .7567, kiwi .6946, C$ .7777, euro 1.1740, sterling 1.3357, Swiss $1.0082, … European Style: rand 13.6193, krone 8.36, SEK 8.4433, forint 267.65, zloty 3.59, koruna 21.8410, RUB 58.99, yen 113.30, sing 1.3525, HKD 7.8058, INR 64.41, China 6.6189, peso 19.17, BRL 3.3096, Dollar Index 94.03, Oil $57.45, 10yr 2.41%, Silver $15.72, Platinum $876.06, Palladium $1,011.13, and Gold… $1,243.30   

That’ it for today… and this week…  Friday will mark my sister, Terri’s, birthday… December 15th, used to be the day each year that my dad would bring home the Christmas Tree…  great memories! The injury bug has hit our Blues, and the names on the injured list are some of the best players we have, so it was not a surprise to see them lose last night…  The St. Louis U Billikens stopped their losing streak with a win VS Murray State in basketball last night…  Well… I’m halfway through the 6 weeks of this pain of antibiotics every 6 hours…  I told someone that it was like having a baby in the house again, getting up every 3-4 hours… UGH! But, like I said I’m halfway through, so I’ve got that going for me! No college football this weekend, I guess I’ll have to switch to college basketball…   The late, Great, Leon Russell takes us to the finish line today with his song: Back To The Island… Listen to that one, and you’ll fall in love with his music…  And with that, I hope you have Wonderful Wednesday, and Be Good To Yourself!   

Chuck Butler

Source link

from
https://capitalisthq.com/its-a-fomc-day-daily-pfennig/

Source: http://capitalisthq.weebly.com/blog/its-a-fomc-day-daily-pfennig

Dollar cements gains before Fed decision

2017 12 12T130034Z 1 LYNXMPEDBB0XF RTROPTP 0 GLOBAL MARKETS 1 150x150 - Dollar cements gains before Fed decision

Dollar cements gains before Fed decision
FILE PHOTO: U.S. one hundred dollar bills are seen in this picture illustration
FILE PHOTO: U.S. one hundred dollar bills are seen in this picture illustration, August 2, 2013. REUTERS/Kim Hong-Ji/Illustration/File Photo

December 13, 2017

By Saikat Chatterjee

LONDON (Reuters) – Investors pressed the pause button on a two-week rally in the dollar on Wednesday before the outcome of a U.S. Federal Reserve meeting at which policymakers are widely expected to raise interest rates for the third time this year.

Though traders expect the Fed to raise interest rates more next year than bond markets are currently anticipating, uncertainty over the U.S. tax bill and the Fed’s outlook is keeping investors sidelined for the moment. Some forecasters nevertheless see a bullish outlook for the dollar at least in the first half of next year.

“Expect the Fed to continue to raise interest rates next year and should see more than the market is currently pricing,” said Nick D’Onofrio, managing partner at North Asset Management, a hedge fund in London.

The dollar <.DXY> was flat against a trade-weighted basket of currencies at 94.03 on Wednesday after rallying more than 1.5 percent so far this month. Despite the bounce, the dollar is down nearly 8 percent so far this year.

U.S. President Donald Trump’s tax cut plans and other economic agenda may be harder to push through following Tuesday’s victory for Democrat Doug Jones in the bitter fight for a U.S. Senate seat in deeply conservative Alabama.

The Republicans’ reduced Senate majority after the race marked by sexual misconduct accusations against their candidate Roy Moore also injects some broader uncertainty into the legislative process.

Against the yen, the dollar slipped 0.2 percent to 113.35 yen <JPY=EBS>, after rising to a four-week high of 113.75 yen on Tuesday.

The euro <EUR=EBS> was flat at $1.1745, after slipping to a three week low of $1.17175 the previous day.

Investors are focusing more on the Fed’s projection on the pace of its rate hikes next year and policymakers’ views on the outlook for inflation.

The Fed will announce its decision on rates at 1900 GMT on Wednesday followed by a statement. Chair Janet Yellen will hold a news conference at 1930 GMT.

Michael Sneyd, global head of FX strategy at BNP Paribas in London expects the dollar to strengthen in the first half of the year by about 3 to 5 percent against the euro.

“The overnight developments in Alabama are not a big concern for now as we expect the legislation on the U.S. tax bill to pass before Doug Jones takes his seat,” Sneyd said who expects the Fed to raise interest rates three times more after today.

Despite expectations of higher interest rates in the U.S. and consequently widening interest rate differentials between the dollar and its rivals, markets have focused on other factors such as the relative growth outlook when it comes to the euro or the unfolding Brexit negotiations for sterling.

Elsewhere, the British pound edged higher to $1.3352 <GBP=D3> after data showed pay had picked up a little speed in the three months to October. [GBP/]

The numbers showed workers’ total earnings, excluding bonuses, rose by an annual 2.3 percent during that period, compared with 2.2 percent in the three months to September. That beat economists’ expectations for no improvement but was still well below the inflation rate.

For Reuters Live Markets blog on European and UK stock markets see reuters://realtime/verb=Open/url=http://emea1.apps.cp.extranet.thomsonreuters.biz/cms/?pageId=livemarkets

(Reporting by Saikat Chatterjee; Editing by Catherine Evans)

//(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = ‘https://connect.facebook.net/en_US/all.js#xfbml=1&#8217;; fjs.parentNode.insertBefore(js, fjs); }(document, ‘script’, ‘facebook-jssdk’));//

Source link

from
https://capitalisthq.com/dollar-cements-gains-before-fed-decision/

Source: http://capitalisthq.weebly.com/blog/dollar-cements-gains-before-fed-decision

POLITICO Playbook: POLITICAL EARTHQUAKE in Alabama

20171213 doug jones ap 1160 150x150 - POLITICO Playbook: ‘POLITICAL EARTHQUAKE’ in Alabama

POLITICO Playbook: ‘POLITICAL EARTHQUAKE’ in Alabama

HERE YOU GO, JARED — BREAKING, at 4:17 a.m.: “ISTANBUL (AP) – Palestinian President Abbas says Palestinians won’t accept any role for U.S. in Mideast peace process ‘from now on.’” http://bit.ly/2Bl3lUY

BANNER HEADLINE in the Montgomery Advertiser: “SEN. JONES (D) … Alabama votes Democrat in for historic change” http://bit.ly/2AhkEm1

Story Continued Below

Good Wednesday morning. GABE DEBENEDETTI and ALEX ISENSTADT in Birmingham, Alabama: “A Democrat has been elected to the Senate from Alabama for the first time in a quarter-century, and the political earthquake has just begun.” http://politi.co/2Ajs4p5

The White House is waking up to this reality: Palestinians say they won’t deal with the U.S. in Middle East peace process. The president endorsed the losing candidate twice in the Alabama race: Luther Strange lost the primary, and Roy Moore lost the special election. And he now faces a razor-thin majority in a U.S. Senate where he’s all but alienated a handful of the members of his own party. It looks like he’ll get tax reform done. But 2018 is looking really difficult for the president.

WHAT DOUG JONES’ VICTORY MEANS …

— THE FLIMSY MAJORITY: Governing in Washington has now become a coin flip. Republicans’ 51-49 majority isn’t much of a majority at all. This doesn’t have much of an impact at the moment, because Luther Strange will remain in the Senate until the end of the year, Senate Majority Leader Mitch McConnell (R-Ky.) told reporters yesterday.

Tax reform is likely safe, as the Senate plans a Monday vote, and the House a Tuesday vote. But anything else the president wants to do legislatively is going to face stiff headwinds. Trump can lose only one vote on anything. And he’s beat up on key Republicans like Sens. John McCain (R-Ariz.), Jeff Flake (R-Ariz.) and Bob Corker (R-Tenn.), so his margin for error is completely nonexistent. Any single Republican senator will have leverage to exact concessions from the leadership given the razor-thin majority. McConnell will have to guide the White House more than ever. PROBABLY DEAD ON ARRIVAL: Any sort of overhaul of entitlements. A LOT HARDER: Repealing Obamacare. A BETTER BET? Infrastructure.

— HOUSE REPUBLICANS FURTHER SQUEEZED. Speaker Paul Ryan’s majority is already perpetually frustrated by a Senate that can’t — or won’t — move its bills. Hey guys, it’s only going to get worse for you now.

— TESTS ABOUND: Can the president figure out how to navigate this new political reality? Will CHUCK SCHUMER be able to keep Doug Jones in the fold? He’s been sneakily successful at keeping Democrats unified on legislative items like health care and tax reform. Now he has a senator who just might periodically find it in his interest to side with Republicans. KEEP YOUR EYES ON IMMIGRATION. A tighter majority could give Democrats more leverage — if they are unified. Nancy Pelosi and Schumer have staked out a fix for DACA as “must-do.” And now they’ll have an extra Democratic vote in 2018.

— FRESH QUESTIONS ABOUT STEVE BANNON. Get used to hearing this: candidates matter. That’s what Mitch McConnell’s world will be saying plenty over the next few days. Steven Law, the head of the McConnell backed Senate Leadership Fund, said: “This is a brutal reminder that candidate quality matters regardless of where you are running. Not only did Steve Bannon cost us a critical Senate seat in one of the most Republican states in the country, but he also dragged the president of the United States into his fiasco.”

REMEMBER: Bannon world was trying to tell reporters that if he had campaigned for Ed Gillespie in Virginia, he could’ve won. Gillespie lost by nine points. Bannon was essentially all in for Moore — he campaigned for him late in the race — and Jones nearly cracked the 50 percent mark.

— THE MIDTERMS: DEMOCRATS were already energized after the Virginia and New Jersey elections. Watch for the party to seize on this victory to pull in a pile of campaign cash for the midterm elections and re-up with top tier candidate recruits. REPUBLICANS are increasingly nervous about their prospects next year with President Trump as the leader of their party, and with little to show voters. House Republicans have been telling us for weeks that they feel a potential wave as they stare 2018 in the eye.

QUOTE OF THE DAY, from Josh Holmes in Mike DeBonis’s story in the Post: “If I had the top five Republican minds in politics and we spent three months attempting to conceive of a way to lose an Alabama Senate race, I’m not sure that we could come up with it. You could literally take any name out of a phone book except Roy Moore’s and win by double digits. And we managed to get the only guy in Alabama that could lose to a Democrat.” http://wapo.st/2z7DH4b

NYT’S JONATHAN MARTIN and ALEX BURNS note a “suburban shellacking” in Alabama. “In Jefferson County, which includes Birmingham and some of the state’s wealthiest enclaves, Mr. Jones, the Democratic candidate, captured more than 68 percent of the vote. And in Madison County, home to Huntsville and a large NASA facility, Mr. Jones won 57 percent of the vote.” http://nyti.ms/2z80tsC

WAPO’S BOB COSTA: “Democrats are jubilant — and newly confident about 2018 — as Alabama delivers win on Trump’s turf” http://wapo.st/2z6CcU3

A RECOUNT might not be allowed, per Rick Hasen. http://bit.ly/2nYBynM

THE COLLECTIVE ‘PHEW’ MOMENT: Senate Republicans were scheduled to meet today to discuss whether they would allow Roy Moore in the conference. They don’t have to do that anymore.

— WHAT TO LEARN FROM THIS: “5 takeaways from Alabama’s startling special election,” by Gabe Debendetti and Alex Isenstadt: “Here are POLITICO’s five takeaways after Alabama’s wild, ugly, controversial, and historically unparalleled Senate race: Bannon’s bruising. Former White House chief strategist Steve Bannon went all-in for Moore – and then some. … What black voter problem? All the chatter across Alabama for the final week of the race focused on Democrats’ alleged problems turning out black voters. But after a blockbuster turnout operation designed by Jones’ campaign and national Democrats, African-American voters turned out in massive numbers for the former U.S. attorney. … Trump loses capital. The president put his political capital on the line – and lost. …

“Revenge of the soccer mom. The other primary reason for Jones’ win was strong antipathy toward Moore among white, suburban, college-educated conservatives. … Democrats to Trump: Watch out. … Alabama’s historic turnout on Tuesday mirrored enormous numbers for Democratic voters in both Virginia’s and New Jersey’s gubernatorial races even after muddy campaigns in all three states – and party operatives are now lunging to capitalize on that energy ahead of the 2018 midterms.” http://politi.co/2BZUxkj

— BEHIND THE NUMBERS: “Exit polls: How Doug Jones pulled off his stunning win,” by Steven Shepard: “Doug Jones needed a surge of black voter turnout and a wide gender gap to pull off his stunning victory over embattled Republican Roy Moore in Tuesday’s special Senate election. In becoming the first Democrat to win a statewide federal election in Alabama since 1992, Jones proved that Democratic fears of low turnout among African-American voters — a reliable Democratic constituency in the racially polarized state — were unfounded.

“According to exit polls conducted by the National Election Pool, blacks made up about 29 percent of the electorate on Tuesday and voted for Jones almost unanimously, 96 percent to 4 percent — results that match turnout patterns showing greater than expected vote counts in many of the Black Belt counties and the state’s urban centers. Jones also made some inroads among white voters — particularly women and those with college degrees. While Moore still won white voters by a more-than-2-to-1 margin, 68 percent to 30 percent, that is closer than other recent elections in which Republicans won nearly 4 out of 5 white voters.” http://politi.co/2z6yA4l

— THE PRESIDENT’S MISCALCULATION: “Trump suffers ‘big black eye’ in Alabama,” by Eliana Johnson: “Doug Jones didn’t just defeat Roy Moore in Alabama’s Senate race on Tuesday night — he administered the most crushing and embarrassing political blow of President Donald Trump’s young presidency. Jones’ win meant that Trump, who had endorsed Luther Strange in the Republican primary before backing Moore in the general election, threw his weight behind the losing candidate not once, but twice, in the Alabama race.

“It was an extraordinary outcome in a state that Trump carried by 28 points in last year’s presidential election. Jones’ victory, the first by a Democrat in Alabama in 25 years, exposed the limits of the president’s power in a party that is now frequently referred to as ‘the party of Trump.’ Indeed, though rank-and-file Republicans have resisted, fought, and feared Trump’s influence over GOP voters, Tuesday’s election results suggested that, whatever the president’s power, he is incapable of boosting other anti-establishment candidates to office.” http://politi.co/2BZeO9p

— @realDonaldTrump at 11:08 p.m.: “Congratulations to Doug Jones on a hard fought victory. The write-in votes played a very big factor, but a win is a win. The people of Alabama are great, and the Republicans will have another shot at this seat in a very short period of time. It never ends!”

****** A message from the Embassy of the United Arab Emirates: UAE airlines bought $42 billion in US-made commercial aircraft at the 2017 Dubai Airshow. That’s economic growth and jobs for Americans. The UAE-US commercial aviation relationship is a win-win deal. http://politi.co/2AtLDMj ******

KNOWING DOUG JONES — “Doug Jones: A Lawyer in the Thick of Alabama’s Big Moments,” by NYT’s Alex Burns and Campbell Robertson: “Before the special election on Tuesday, the largest of Mr. Jones’s historical moments, and perhaps still the most consequential, were the successful prosecutions of two of the Klansmen involved in the bombing of the 16th Street Baptist Church in Birmingham, nearly 40 years after the crime. Mr. Jones served as lead prosecutor. Though he continued to be involved in some of Alabama’s highest-profile legal cases in private practice, the church bombing prosecutions were his last work for the federal government until he starts his new job in Washington.

“Over the years, Mr. Jones, now 63, has remained a rare combination: part bourbon-sipping Southerner and part New York Yankees-loving Democrat. He has often called in to discuss legal matters with Paul Finebaum, whose radio talk show is akin to a religious service for college football fans in the Southeast, and he has been a longtime friend of former Vice President Joseph R. Biden Jr., whose 1988 presidential campaign he worked on. Mr. Biden returned the favor with a rally appearance in October.” http://nyti.ms/2Cd7Oab

HAPPENING TODAY — HOUSE REPUBLICAN RUMBLE — House Republicans meet at 3 p.m. to discuss the end of year. Speaker Paul Ryan (R-Wis.) has a messy situation on his hands. Government funding expires in nine days. The leadership faces resistance from appropriators, who don’t like the short-term funding of government, especially after they spent months passing the 12 spending bills; conservatives don’t like the uptick in spending; and Texans are angry because the billions they want in disaster spending might be pared back in size, and pushed back to January.

— THE CONCERN: The leadership has been talking about passing a full year of defense funding, paired with a short-term funding measure that funds government through sometime in January — a move aimed at forcing the Senate to swallow it. It’s not a sustainable position, because McConnell does not think he can pass this. So Republicans could be forced to pass a short-term spending measure, and revisit the fight in January. BUT Democrats will have much more leverage next year once Jones is sworn in.

— CONSIDER THIS: Republicans might have to swallow an immigration deal they don’t like. Congress might boost spending to new levels. They might bolster Obamacare. And they’re funding government on a two-week basis. TRUTH BOMB: They did better with President Barack Obama in the White House!

NOT A GOOD LOOK — “In texts, FBI agents on Russia probe called Trump an ‘idiot’,” by Josh Gerstein: “Two FBI agents assigned to the investigation into alleged collusion between President Donald Trump’s campaign and Russia exchanged text messages referring to the future president as an ‘idiot,’ according to copies of messages turned over to Congress Tuesday night by the Justice Department. Special Counsel Robert Mueller removed one of the agents, Peter Strzok, from the Russia probe ‘immediately’ after learning of the texts in late July, the department said in a letter to lawmakers. The other agent, Lisa Page, had already ended her assignment to Mueller’s office. Copies of the messages obtained by POLITICO show the pair reacting to various developments as the presidential race unfolded and that their reaction to Trump was negative from early on.” http://politi.co/2AC0qrm

WHERE THINGS STAND — “White House lawyer: Mueller finished with interviews he’s requested,” by Darren Samuelsohn: “Special counsel Robert Mueller on Tuesday completed interviews with the last in a slate of about two dozen current and former White House witnesses he’s initially requested as part of the investigation into Russia’s actions in the presidential election, White House attorney Ty Cobb said. It’s unclear if Mueller will seek follow-up interviews or seek to question additional people beyond the initial batch of witnesses, but the completion of this round of questioning tracks with the goal Cobb has long stated publicly that President Donald Trump’s White House was cooperating with the Russia investigators in search of a speedy resolution to the probe. …

“Cobb had previously said he expected the interviews to wrap up by Thanksgiving but, as the holiday approached, he backed away from that timeline. Cobb has also said he was looking for Mueller to issue a statement by the end of the year exonerating the president. Mueller’s office did not immediately respond to a request for comment on Cobb’s characterization of the special counsel probe.” http://politi.co/2BiXwHE

ON TAXES …

— “GOP tax plan could bring big New Year’s surprises,” by Brian Faler: “American taxpayers may get a jolt on New Year’s Day when new tax rules — including some sudden tax increases — take effect just days after Republicans hope to pass their overhaul and have it signed into law. In an effort to juice the economy with tax cuts ahead of the midterm elections, the GOP is planning a Jan. 1 start date for its sweeping rewrite of the code. But along with Republicans’ much-advertised cuts in business and individual taxes, there would be tax increases as well, some of which have been barely debated.

“Some people who sell their homes may find they owe thousands more in taxes; investors could pay more when they sell stocks; and undocumented immigrants could find themselves cut off from a popular child tax credit Republicans plan to expand. Fringe benefits for workers such as subway passes and help with moving expenses will likely no longer be deductible, which might prompt companies to drop them.

“Payroll administrators worry they won’t be able to make changes to tax withholding by the first of the year, and both large and small businesses may face altogether new tax rules that many scarcely understand. Those overnight changes would leave the public little time to adjust, critics say, and highlight a downside to Republicans’ rapid-fire approach to rewriting the code.” http://politi.co/2nTn74o

— “GOP negotiators move closer to reducing top tax rate for high-income households but face blowback,” by WaPo’s Erica Werner and Damian Paletta: “Senior Republican negotiators were moving closer to a deal Tuesday to reduce the top tax rate for high-income households from 39.6 percent to 37 percent, blowing by political concerns about aiding the rich in order to ease passage of a $1.5 trillion tax package. The move, which needs to gain the support of a broad swath of Republicans in the House and Senate, would lower taxes for top earners throughout the country, potentially addressing the concerns of two GOP constituencies about separate tax legislation passed by the House and Senate.

“Wealthy individuals in New York, California and other high-tax states had complained that their taxes might go up under the plan, which curtails the ability of taxpayers to deduct state and local taxes. And conservative House Republicans had said it did not go far enough to bring down top rates — long a principle of Republican economic orthodoxy.” http://wapo.st/2CaPSwE

SO, at the end of the day, Republicans are cutting the top marginal tax rate.

PRESIDENT TRUMP is having lunch with tax conferees from both parties. He will deliver his “closing argument” on tax reform in the grand foyer at the White House at 3 p.m. Trump will be joined by five middle income families and talk about how the tax bill will help each one individually, according to a senior administration official. He’ll also be flanked by more than 100 people — many of them young — to try and press the point that the tax bill will have a lasting impact for the next generation.

BEN WHITE talks taxes with DOUGLAS HOLTZ-EAKIN in the latest POLITICO Money podcast: “The Republican tax plan is not going to pay for itself, and the Trump administration should stop pretending it will. That’s the message from Douglas Holtz-Eakin, a former director of the Congressional Budget Office and senior adviser to President George W. Bush and the presidential campaign of Sen. John McCain (R-Ariz.).

“‘I don’t think these things pay for themselves. They never have,’ said Holtz-Eakin, president of the conservative think tank American Action Forum, in the latest edition of the POLITICO Money podcast. ‘But the growth is really important.’” http://politi.co/2iZQhtyListen to the full podcast http://apple.co/2nUA2Dc

THE JUICE …

— VP MIKE PENCE’S HOLIDAY PARTY – Pool report: “Pence entertained about 60 RNC members and spouses at his residence [last night]. Each member received a photo with him upon entering. Drinks included a so-so white wine and a seasonally appropriate mulled (virgin) cider. Food included a delightful baked salmon. … Guests were entertained by Marine Corps piano, a string orchestra from the Air Force, and a Northern Irish Christian band.” Pic http://politi.co/2AU5gxd

SPOTTED: RNC chairman Ronna McDaniel, who Pence referred to as “Ronna Romney McDaniel,” Rep. Amata Radewagen (R-American Samoa), former Puerto Rico Gov. Luis Fortuño, and Henry Barbour, the powerful Mississippi committeeman and nephew of the ex-governor.

— COMMERCE SECRETARY WILBUR ROSS and his wife Hilary Geary Ross hosted their holiday party last night where “guests drank Champagne and feasted on shrimp, smoked salmon, regional cheeses and pigs in the blanket while admiring their hosts’ extraordinary collection of art works by surrealist painter Rene Magritte”, according to an attendee. SPOTTED: Attorney General and Mrs. Jeff Sessions, Agriculture Secretary Sonny Perdue, Education Secretary Betsy DeVos, Treasury Secretary Steven Mnuchin and Louise Linton, Labor Secretary Alex Acosta, Interior Secretary Ryan Zinke, Jared Kushner and Ivanka Trump, Kellyanne Conway, Jane Stanton Hitchcock, Patty Hearst Shaw, Chris and Lorraine Wallace …

… David Rubenstein, Rima Al-Sabah, Ashley Gunn, Ken Duberstein, Alexandra de Borchgrave, the ambassadors from Kuwait, Italy, Spain, Italy, Germany and Egypt, U.S. Amb. to France Jamie McCourt, U.S. Amb. to Spain Duke Buchan, Bill Nitze, Joan Fleischmann Tobin, Kevin Chaffee, Francesca Craig, Anita McBride, Lee Folger, John and JoAnn Mason, Buffy Cafritz, Ginny Ryan, Stuart and Wilma Bernstein and Tom Quinn, Rusty Powell, C. Boyden Gray, Susan Markey, James Rockas, Wendy Teramoto, Tom Barrack and his girlfriend Cio Soler, Reed and Maggie Cordish.

NEW POLITICO/MORNING CONSULT POLL — STEVEN SHEPARD: “Half of voters say sexual misconduct accusations against Trump are credible”: “Fifty percent of registered voters think the allegations against Trump are credible, more than the 29 percent who think they are not credible. The remaining 21 percent of voters don’t know if the allegations are credible.” http://politi.co/2z7L1wH

SARAH KLEINER in Politico Magazine: “Veterans Charity Raises Millions to Help Those Who’ve Served. But Telemarketers Are Pocketing Most of It”: http://politi.co/2iZsRoc

****** A message from the Embassy of the United Arab Emirates: Boeing is the preferred supplier for UAE commercial aviation requirements. Over the past 10 years, UAE customers have ordered $150 billion in Boeing planes, supporting 781,000 jobs in the US and injecting billions of dollars into the US economy. In 2016, the US had a $19 billion trade surplus with the UAE, America’s third largest trade surplus globally. http://politi.co/2AtLDMj ******

HMM — “Trump’s Stand-In Bureaucrats May Have Overstayed Limits,” by Bloomberg’s Josh Eidelson: “President Donald Trump’s slow pace of hiring for key government jobs has left stand-ins occupying positions for so long that it may violate time limits on acting appointments, potentially resulting in decisions being overturned in court. Enforcement actions as well as policy decisions on a variety of topics, such as easing restrictions on methane emissions from oil wells or permitting schools to offer 1 percent milk, could be challenged on the grounds that they were enacted by officials who had been in acting roles too long or were improperly delegated authority.” https://bloom.bg/2ylq6ma

— “Millions of People Post Comments on Federal Regulations. Many Are Fake,” by WSJ’s James V. Grimaldi and Paul Overberg: “A comment posted on the Federal Communications Commission’s public docket endorses a Trump-administration plan to repeal a ‘net neutrality’ policy requiring internet providers to treat all web traffic the same. Calling the old Obama-era policy an ‘exploitation of the open Internet,’ the comment was posted on June 2 by Donna Duthie of Lake Bluff, Ill. It’s a fake. Ms. Duthie died 12 years ago. The Wall Street Journal has uncovered thousands of other fraudulent comments on regulatory dockets at federal agencies, some using what appear to be stolen identities posted by computers programmed to pile comments onto the dockets.” http://on.wsj.com/2z6sKjq

VALLEY TALK — GOOGLE’S TOP SEARCHES in the U.S. this year: Hurricane Irma, Matt Lauer, Tom Petty, Super Bowl, Las Vegas Shooting, Mayweather vs McGregor Fight, Solar Eclipse, Hurricane Harvey, Aaron Hernandez, Fidget Spinner. Their 2-min. “2017 Year in Search” video http://bit.ly/2Bhbiuq

MEDIAWATCH — NEW NYT MAGAZINE COVER – Sunday’s magazine is a special “She Said” edition that is dedicated to sexual harassment: “Amanda Hess, Anita Hill, Laura Kipnis, Soledad O’Brien, Lynn Povich, Danyel Smith and Emily Bazelon discuss how the rules of the workplace should be revised — and other questions of sex, power, ambitious and fairness.” http://nyti.ms/2CcQ3HUThe cover http://bit.ly/2AygF8Z

SPOTTED late last night at Le Diplomate: Jonathan Capehart, Nick Schmit, and Obama alums Sam Tubman, Joe Paulsen and former U.S. Amb. to Singapore Kirk Wagar. When Jones’ victory was called, there were cheers at the bar. … David Gergen and Arthur Brooks having lunch at Darlington House in Dupont yesterday

SPOTTED celebrating the career of retiring Fox lobbyist Kathy Ramsey at the Phoenix Park Hotel: CIA Director Mike Pompeo and wife Susan, Rep. Greg Walden (R-Ore.) and wife Mylene, Rep. Billy Long (R-Mo.) and wife Barbara, Rep. Susan Brooks (R-Ind.), Chip Smith, Richard Bates, John Orlando, Bryce Harlow, Eddie Fritts.

OUT AND ABOUT — Newsmax Media held its Christmas party last night in New York at the 48th Lounge on Avenue of the Americas. SPOTTED: Randy Levine, Michael Clemente, former Sen. Al D’Amato (R-N.Y.), Steve Forbes, Tom DiNapoli, Maggie Haberman, Sam Nunberg, Bo Dietl, Rick Ungar, Randi Weingarten, Bill White Pat Caddell, Betsy McCaughey, Richard Johnson, Judith Miller, Bernard and Hala Kerik, Kimberly Reed, Monica Crowley, Lloyd Grove, Joe Conason, Deroy Murdock, Scott Rasmussen, Andrew Stein, Deroy Murdock and Rita Cosby.

SPOTTED at the RIAA and Spotify charity bash at the 9:30 Club celebrating Musicians On Call with Fifth Harmony: Reps. Ted Deutch (R-Fla.), Darrell Issa (R-Calif.), and Andy Biggs (R-Ariz.), Michele Ballantyne, Mitch Glazier, Tom Manatos, Emery Simon, Toby Knapp, Pete Griffin, Tyler Grimm, Lee Thomas Miller, Cara Duckworth, Jonathan Lamy, Sarah Gilmore, Sean McLean, Todd Flournoy, Chris Ortman, Austin Weatherford, Chris Cylke and Jonathan Adelstein.

SPOTTED at the Jefferson Hotel yesterday afternoon for a party for Tina Brown’s new book “The Vanity Fair Diaries: 1983 – 1992” hosted by Connie Milstein, Tammy Haddad, Andrea Mitchell, Carol Melton, Gail MacKinnon, Rachel Pearson, Kathy O’Hearn, and Hilary Rosen ($16 on Amazon http://amzn.to/2C0rahB): Chris and Lorraine Wallace, Jane Harman, Teresa Carlson, Kimberley Fritts, Ambassador Dina Kawar, Susan Sher, Heather Podesta, Kathleen Parker, Mack McLarty, Lloyd Hand, Tom Forrest, David Frum, Kristi Rogers, Becca Ginsberg, JoAnne Ginsberg, Jen Bloch, Kelley McCormick, David Chavern, Margaret Sullivan, Howard Fineman, Ryan Williams, Terri Fariello, Neera Tanden, Megan Smith, John Coale, Tori O’Neal, Alyse Nelson, Tom Quinn, Linda Douglass and former Amb. John Phillips, Kevin Baron, Robin Goldman, Jill Barclay, Janet Donovan, Craig Gordon, Jane Hitchcock and Jim Hoagland.

TRANSITIONS — @rchammond: “25 new stamps in my passport from traveling with Sec. Tillerson, but I am most proud of the U.S Seal on the front. Today is my last day working alongside America’s diplomats at the @StateDept. It has been a privilege to serve in the Trump Admin. and to be part of #MAGA … After the New Year, and a few weeks off, I will return to @TheHeraldGroup to help our clients develop and execute winning communications and public affairs strategies. #MerryChristmas”.

BIRTHDAYS OF THE DAY: former Agriculture Secretary Tom Vilsack, now president and CEO of the U.S. Dairy Export Council, is 67. How he got his start in politics: “The mayor of my town, Mt. Pleasant, Iowa, was shot and killed in a City Council meeting and I was asked by his father to run for mayor. I worked on rebuilding infrastructure. The mayor’s death was related to an unfixed sewer problem that caused sewage to back up in people’s homes.” Read his Playbook Plus Q&A: http://politi.co/2yiFi3L

–Trish Regan, host of “The Intelligence Report” with Trish Regan on Fox Business Network. How she got her start in journalism: “I got my start writing for the local town newspaper in Hampton, N.H., in the fifth grade. But, I never thought I’d be a journalist. Growing up, more than anything, I wanted to be an international opera star! Seriously. Fortunately, the journalism thing turned out to be a good fallback position.” Q&A: http://politi.co/2yiFi3L

BIRTHDAYS: Todd S. Purdum … Mo Elleithee, executive director of Georgetown University’s Institute of Politics and Public Service at the McCourt School, Fox political contributor, Hillary campaign alum, former DNC spokesman, and loyal Hoya (hat tip: Ben Chang, his former Georgetown roommate) … Michael D. Smith, exec. director of MBK Alliance and Youth Opportunities at the Obama Foundation and former special assistant to President Obama (h/t Crystal Carson) … Jeffrey Schneider, principal at The Lead PR … Ben Bernanke is 64 … former Secretary of State George Shultz is 97 … Herman Cain is 72 … Allan Blutstein, America Rising’s FOIA Wizard, is 5-0 … Brian Baenig is 42 … Kelly Gleeson … Amy Mitchell … Stephenie Foster (hat tip: Jon Haber) … Washington Institute’s Stephanie Valdes … Nancy Fitzpatrick … Rep. Anna Eshoo (D-Calif.) is 75 … Rep. Jamie Raskin (D-Md.) is 55. He celebrated Sunday with a big party with supporters in Silver Spring (h/t Marina McCarthy) … Rep. Donald Norcross (D-N.J.) is 59 … Edelman’s India Goodman … Morgan Williams …

… Riva Sciuto, manager of global comms and public affairs at Google … Bharat Krishnan … Rajeev Chopra … NBC News’ Haley Talbot, right-hand to Andrea Mitchell (h/t Olivia Petersen) … Nick Payton … Google’s Conor Chrisom … Peter Ogburn is 38 … Atefeh Yazdi … Karen Hicks … Joe Rozek, executive director of homeland security and counterterrorism at Microsoft Licensing … Martin Whitmer … William Todd … Ruth Wedgwood … Viviana Hurtado … Elizabeth Dial Pinkerton … Leighann Lenti … Bernard Duffi is 45 … Jill Latham … Vera Jordan … Alec Zender … George Fishman … Randy Riddle … Pat Peyton … Alan Julson (h/ts Teresa Vilmain)

****** A message from the Embassy of the United Arab Emirates: UAE airlines have received or have on order more than 800 Boeing aircraft. Emirates is the world’s largest operator of Boeing 777s and has 40 Boeing 787-10s currently on order. Flydubai operates an all-Boeing fleet of planes and has a total of 361 Boeing 737s on order. Etihad operates 24 Boeing 777s with 25 more on order, and has an additional $8.7 billion order for Boeing 787-10s. UAE airlines now serve 11 US gateway cities from Dubai and Abu Dhabi with more than 250 weekly nonstop flights. http://politi.co/2AtLDMj ******

SUBSCRIBE to the Playbook family: POLITICO Playbook http://politi.co/2lQswbhPlaybook Power Briefing http://politi.co/2xuOiqhNew York Playbook http://politi.co/1ON8bqWFlorida Playbook http://politi.co/1OypFe9New Jersey Playbook http://politi.co/1HLKltFMassachusetts Playbook http://politi.co/1Nhtq5vIllinois Playbook http://politi.co/1N7u5sbCalifornia Playbook http://politi.co/2bLvcPlLondon Playbook http://politi.co/2xfDPuKBrussels Playbook http://politi.co/1FZeLcwAll our political and policy tipsheets http://politi.co/1M75UbX

Source link

from
https://capitalisthq.com/politico-playbook-political-earthquake-in-alabama/

Source: http://capitalisthq.weebly.com/blog/politico-playbook-political-earthquake-in-alabama

Turkey chides Arabs for weak reaction ahead of Jerusalem summit

2017 12 12T124956Z 1 LYNXMPEDBB0WW RTROPTP 0 NEW YORK UN 1 150x150 - Turkey chides Arabs for ‘weak’ reaction ahead of Jerusalem summit

Turkey chides Arabs for ‘weak’ reaction ahead of Jerusalem summit
Turkey's Minister of Foreign Affairs Mevlut Cavusoglu arrives at a meeting to discuss the Rohingya situation during the United Nations General Assembly in New York City
Turkey’s Minister of Foreign Affairs Mevlut Cavusoglu arrives at a meeting to discuss the Rohingya situation during the United Nations General Assembly in New York City, U.S. September 18, 2017. REUTERS/Stephanie Keith

December 13, 2017

By Tuvan Gumrukcu and Parisa Hafezi

ANKARA/ISTANBUL (Reuters) – Turkey criticized what it said was a feeble Arab reaction to the U.S. decision to recognize Jerusalem as Israel’s capital, saying on the eve of Wednesday’s Muslim summit in Istanbul that some Arab countries were scared of angering Washington.

President Tayyip Erdogan, who has accused the United States of ignoring Palestinian claims to Israeli-occupied east Jerusalem and “trampling on international law”, has invited leaders from more than 50 Muslim countries to agree a response.

Jerusalem, revered by Jews, Christians and Muslims alike, is home to Islam’s third holiest site and has been at the heart of Israeli-Palestinian conflict for decades.

U.S. President Donald Trump’s announcement last week recognizing the city as Israel’s capital angered many Muslim countries, but few governments have matched Turkey’s warning that it would plunge the world “into a fire with no end”.

Several countries had still not said who they would send to Istanbul, a Turkish minister said.

“Some Arab countries have shown very weak responses (on Jerusalem),” Foreign Minister Mevlut Cavusoglu said. “It seems some countries are very timid of the United States.”

He said Egypt and the United Arab Emirates would send foreign ministers while Saudi Arabia had yet to say how it would participate. All three countries have delicate ties with Turkey, seeing links between the policies of Erdogan’s Islamist-rooted ruling AK Party and regional Islamist movements they oppose.

Other countries had also not said who they would send, Cavusoglu said, adding that the meeting of Organisation of Islamic Cooperation countries must stand up to what he called Washington’s “I am a super power, I can do anything” mentality.

“We will make a call for countries that have so far not recognized Palestine to do so now,” he said. “…We want the United States to turn back from its mistake.”

PROTESTS AND CLASHES

Trump’s announcement triggered days of protests across the Muslim world and clashes between Palestinians and Israeli security forces in the West Bank, Gaza and East Jerusalem.

Israel captured Arab East Jerusalem in the 1967 Middle East war and later annexed it, an action not recognized internationally.

On Monday, tens of thousands of demonstrators took to the streets in Beirut to protest at a march backed by Hezbollah, the heavily armed Iran-backed Shi’ite group whose leader called last week for a new Palestinian uprising against Israel.

Iranian President Hassan Rouhani, who is expected to attend the Istanbul summit, said his country supported a new uprising against Israel to “safeguard the Palestinian people’s rights”.

Rouhani said Muslim countries would “undoubtedly voice their protest to the world” at Wednesday’s meeting.

Iran supports several anti-Israel militant groups. The mainly Shi’ite country is also competing for power and influence in the Middle East with predominantly Sunni Muslim Saudi Arabia, a close U.S. ally.

Iranian Defence Minister Amir Hatami said Trump’s decision would strengthen Israel, and accused some Muslim states of cooperating covertly with the Israeli government.

“We strongly believe that this decision is the result of interaction between Israel and some Muslim countries,” he told his Turkish counterpart in a telephone call on Tuesday, Iran’s semi-official Tasnim news agency reported.

Qassem Soleimani, head of the branch of the Revolutionary Guards that oversees operations outside Iran, pledged “complete support for Palestinian Islamic resistance movements” on Monday.

The Trump administration says it remains committed to reaching peace between Israel and the Palestinians and its decision does not affect Jerusalem’s future borders or status.

It says any credible future peace deal will place the Israeli capital in Jerusalem, and ditching old policies is needed to revive a peace process frozen since 2014.

(Writing by Dominic Evans; Editing by Raissa Kasolowsky)

//(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = ‘https://connect.facebook.net/en_US/all.js#xfbml=1&#8217;; fjs.parentNode.insertBefore(js, fjs); }(document, ‘script’, ‘facebook-jssdk’));//

Source link

from
https://capitalisthq.com/turkey-chides-arabs-for-weak-reaction-ahead-of-jerusalem-summit/

Source: http://capitalisthq.weebly.com/blog/turkey-chides-arabs-for-weak-reaction-ahead-of-jerusalem-summit

Donald Trump: Write-in Votes Played a Very Big Factor in Roy Moore Loss

ukc6lb 150x150 - Donald Trump: 'Write-in Votes Played a Very Big Factor' in Roy Moore Loss

Donald Trump: ‘Write-in Votes Played a Very Big Factor’ in Roy Moore Loss

President Donald Trump congratulated Democrat Senate candidate Doug Jones after he defeated Republican Roy Moore in the special election in the state of Alabama.

“Congratulations to Doug Jones on a hard fought victory,†Trump wrote on Twitter. “The write-in votes played a very big factor, but a win is a win.â€

The president thanked the people of Alabama, urging them on to the next election.

“The people of Alabama are great, and the Republicans will have another shot at this seat in a very short period of time,†he said. “It never ends!â€

Trump didn’t physically campaign for Moore, but he did record a robocall on his behalf and urged Republicans on Twitter to “do the right thing†and vote for the Republican candidate. He stood by Moore, despite the establishment GOP rejecting him after the Washington Post bombshell report about Moore’s pursuit of high-school-aged girls in his 30s that disrupted the campaign.

 

(function(b){b.loadCSS=function(f,g,c){function k(b){if(h.body)return b();setTimeout(function(){k(b)})}function a(){e.addEventListener&&e.removeEventListener(“load”,a);e.media=c||”all”}var h=b.document,e=h.createElement(“link”);if(g)var l=g;else{var n=(h.body||h.getElementsByTagName(“head”)[0]).childNodes;l=n[n.length-1]}var d=h.styleSheets;e.rel=”stylesheet”;e.href=f;e.media=”only x”;k(function(){l.parentNode.insertBefore(e,g?l:l.nextSibling)});var m=function(b){for(var a=e.href,c=d.length;c–;)if(d[c].href=== a)return b();setTimeout(function(){m(b)})};e.addEventListener&&e.addEventListener(“load”,a);e.onloadcssdefined=m;m(a);return e}})(this); (function(b){if(b.loadCSS){var f=loadCSS.relpreload={};f.support=function(){try{return b.document.createElement(“link”).relList.supports(“preload”)}catch(c){return!1}};f.poly=function(){for(var c=b.document.getElementsByTagName(“link”),f=0;f

Source link

from
https://capitalisthq.com/donald-trump-write-in-votes-played-a-very-big-factor-in-roy-moore-loss/

Source: http://capitalisthq.weebly.com/blog/donald-trump-write-in-votes-played-a-very-big-factor-in-roy-moore-loss