US stocks typically ride midterm elections to solid gains
October 18, 2018 inPolitics
Regardless of how midterm elections turn out, Wall Street usually ends up a big winner. The S&P; 500, the stock market’s benchmark index, has climbed in the 12 months after each of the midterm elections going back to 1946. That’s 18 elections, many of which ended up shuffling the balance of power in Congress[1]. “It turns out that under every political makeup in Washington[2], stocks have gone up and the economy has...
Dow more than 300 points lower on worries about global growth, interest rates
October 18, 2018 inEconomics
U.S. stocks extended losses Thursday, with the Dow Jones Industrial Average off more than 400 points at its lows, on worries about global growth and as investors continued to weigh minutes of the Federal Reserve’s September meeting, which were viewed as hawkish. A big drop in China’s stock market[1] earlier Thursday underscored simmering worries about the possibility of emerging-market troubles spreading to other regions as well as the impact of U.S.-China...
Warren to Fed: Keep growth cap on Wells Fargo until CEO is replaced
October 18, 2018 inPolitics
Sen. Elizabeth Warren (D-Mass.) is pushing the Federal Reserve to maintain severe penalties on Wells Fargo until president and CEO Timothy Sloan is replaced.Warren asked the Fed in a Thursday letter not to lift the growth restriction placed in... ...Read more from our friends at The Hill
Snyder: Is The Fed Trying To Sabotage Trump?
October 18, 2018 inEconomics
Authored by Michael Snyder via The Economic Collapse blog, Could it be possible that the Federal Reserve is attempting to influence the outcome of the upcoming midterm elections? Just weeks before Americans will go to the polls, the Fed has been making headline after headline with talk about interest rate hikes. And they very well understand that interest rate hikes will rattle investors and slow down the economy. In fact, every Fed...
Final Khashoggi column on Middle East press freedom publishes tomorrow
October 17, 2018 inPolitics
The Washington Post said Wednesday it will publish a special edition op-ed page on Thursday that will feature a column filed by Post contributor Jamal Khashoggi before his disappearance. The details: The announcement from the Post comes on the heels of President Trump requesting audio and video relating to Khashoggi's disappearance. The column focuses on the need for a free press in the Middle East and will include an Editor's...
Ellison accuses ex-wife of physical abuse, divorce records show: report
October 17, 2018 inPolitics
Records related to Rep. Keith Ellison's (D-Minn.) divorce contain allegations that the congressman and Minnesota attorney general candidate was physically abused by his ex-wife, the Minneapolis Star-Tribune reported Wednesday.In the 2015... ...Read more from our friends at The Hill
3rd District rivals clash on taxes, health care, impeachment
October 17, 2018 inPolitics
LOUISVILLE, Ky. (AP) - Kentucky’s lone Democratic congressman says he believes President Donald Trump has committed impeachable offenses. But he says the House should only proceed with impeachment if the effort draws bipartisan support. At a debate Wednesday, U.S. Rep. John Yarmuth said that without support from Democrats and some Republicans, it would be a waste of Congress’ time to proceed. The Louisville Democrat has co-sponsored articles of impeachment against the...
What is Brexit? And why is it proving so complicated
October 17, 2018 inEconomics
The United Kingdom is splitting from the European Union’s 28-member trade bloc — 27 members after the U.K.’s departure — in a Byzantine process that so far has taken over two years. Now, the “moment of truth” — as European Council President Donald Tusk describes it — is at hand for U.K. Prime Minister Theresa May and EU officials, who have found themselves at loggerheads with a deadline for a...
