Tag Archives: Antonin Scalia
Chicago PMI Smashes Estimates, Prints At 57.6, Highest Since January 2015 Despite “Falling Labor Demand”
The surge in strong economic data continued moments ago when the Chicago PMI printed at a whopping 57.6, surging from last month’s 50.6, and print not only above the consensus estimate of 52.5, but also above the highest forecast provided by 32 economists. This was the highest print since January 2015. Four of the five Barometer components increased, with only Employment falling.
The increase added momentum to the fourth quarter, with the three-month trend ascending to 54.1 this month, up from 52.1 in the three months to October.
According to MNI, the rise in New Orders contributed the most to the increase in the Barometer, increasing 10.7 points to 63.2 in November. Production also rose, regaining virtually all of October’s fall. Order Backlogs jumped out of contractionary territory, where it had been over the past three months, while Supplier Deliveries saw a smaller rise. Despite higher orders and output, demand for labor fell. Employment slipped back into contraction, making last month’s recovery short-lived.
This month’s special question asked firms how they expected business activity to fare in 2017. Most respondents expected businesses to do somewhat better than in 2016. Most respondents expected their business to grow less than 5% next year but there were many who were more optimistic and expected growth to be above 10%. The path of interest rates and the election outcome were said to be important factors that could impact activity in the coming year.
Companies increased their stock levels at the fastest pace since October 2015, with the Inventories Indicator moving back into expansion in November.
Inflationary pressures at the factory-gate eased slightly after picking up last month. Prices Paid fell to 56.8 in November, although staying above the 12-month average of 52.2.
“The November reading for the Business Barometer marked the sixth month of expansionary business activity in the US. Strength in orders, a recovery in oil prices and the stronger dollar have all impacted businesses with varying degrees.
“Respondents to our survey also remain optimistic about business activity in 2017 although the new government’s policies and the Fed’s approach towards monetary tightening would impact the course of business activity over the next year.” said Shaily Mittal, senior economist at MNI Indicators.
‘Communist Party’ Protesters Burn American Flags In New York After Trump Tweet
Protected by their constitutional freedoms, Reuters reports that a small group of hard-left activists burned foot-long U.S. flags outside the Trump International Hotel in New York on Tuesday, in an angry response to a tweet by President-elect Donald Trump that flag-burners should face legal consequences.
Following Donald Trump’s tweet yesterday…Which was supported by Hillary Clinton in the past, protesters burned United States flags in New York.
U.S. media outlets, including the New York Times, published articles detailing the court rulings, and some Republicans as well as Democrats took to social media to say Trump was in effect threatening to punish dissent despite constitutional protections.
The U.S. Supreme Court ruled in 1989 that flag-burning was not a crime but rather a form of protest protected by the First Amendment of the Constitution. The high court has also ruled more than once that citizenship cannot be revoked.
The activists included members of the Revolutionary Communist Party, which the news outlet notes is not part of the Community Party of the United States.
Washington Post must retract and apologize for its completely fabricated story naming indy media websites as Russian collaborators
The Post should be dropped as a news site
The Witch-Hunters
The Tea Party now Alt-Right or what ever, has attacked the government run media machine and beat them at their own game; this “Witch” hund is a method to nullify their influence by creating a false narrative. Once Trump is in and he takes control of the government this propaganda will be stopped or at least will not be supported by the Trump administration.
Trump Tower Elevator Cam Live Stream – 8:00am to 6:00pm…
We now return to your regularly scheduled human fish tank courtesy of President Elect Donald Trump and the fine people at RSBN. Who will appear today? You can actually find out for yourself even b…
Source: Trump Tower Elevator Cam Live Stream – 8:00am to 6:00pm…
Who Should be Trump’s Secretary of State?

Who Should be Trump’s Secretary of State?
The key question as to who should be Secretary of State has loomed quite prevalently in the media. The following names have been bandied about for some time:
- Former Governor Mitt Romney [R] Mass.
- Former NYC Mayor, Rudolph W. Giuliani.
- Retired Gen. David H. Petraeus.
- Ambassador John Bolton.
- Rep. Dana Rohrabacher [R] Calif.
As someone who has served under five Sec’s State during a thirty year period, I found certain psychological/political considerations quite important to a successful Sec State:
- He/she must be extremely knowledgeable about foreign policy machinations, strategies, tactics.
- He/she must have had extensive experience managing a worldwide organization consisting of over 20,000 personnel.
- He/she must know how to access civilian/military intelligence without being blindsided.
- He/she must have a close relationship with POTUS.
I won’t bother to annunciate which of the past Sec States were most successful in my humble opinion. However, I will provide some initial impressions of the potential candidates who are soliciting the job of Sec.State under the Trump Team.
Dana Rohrabacher [R] Calif.born and bred within the conservative perimeters of Orange County. He chairs the US House Foreign Affairs Committee on Europe, Eurasia and Emerging Threats. His personal history denotes an interesting combination of a folk singer and free-market anarchist with membership in the Young Americans for Freedom. He was financially supported by Charles Koch and Oliver North and ended up to become a speechwriter for Ronald Reagan.
His field of expertise seems to be within the Libertarian-Conservative domestic realm of politics. Clearly, he has some outreach to a variety of countries including Iraq, Afghanistan, Iran. Dana would best serve this country by remaining where he is right now, defending the ‘little man’ against patent infringements and other domestic matters.
Ambassador John Bolton is an American lawyer and diplomat who has served in several different Republican Administrations [wiki]. I have known John for quite some time. I find him to be pleasant, bright,and accommodating. When I needed the necessary moneys for the Cambodian Peace Treaty in 1991, he stepped up to the plate and offered his good services as then Assistant Secretary of State.
My problem with John is that he was a hard core Neo-Conservative who belongs to such extreme right groups like the Jewish Institute for National Security [JINSA] and the Institute of East-West Dynamics. Equally problematic for me, is that at heart he is a Mitt Romney devotee and did not support Trump until very late in the election cycle. Also, during the Vietnam War, he joined the Maryland Army National Guard as a way to avoid service in Vietnam [wiki].
Gov. Mitt Romney [R] is elegant, bright, articulate and completely unfit to be Sec. State. From the very beginning of his run for the Republican Presidential Election of 2012, he was incapable of initiating an effective dialogue with the American public. His primary assets are in the realm of business: buying, selling, financing.

Romney has no foreign policy experience. Moreover, he has never managed an institution as large and widespread as the State Dept.
However, he could play the role of a Sec. State in an Hollywood movie. He looks like one but that is not enough! Sorry!
Former NYC Mayor Rudy Giuliani has been campaigning for the position of Sec. State for as long as he has opportunistically helped the Trump campaign. He came out of the US Attorney General’s office as a prosecutor/litigator. Like many of the right wing conservatives, he too sought a draft deferment, preferring to allow other Americans to fight and die in some forgotten place for unknown reason.
He is as fickle and chimerical as any political animal whom I have been observing. In the beginning of his career, he voted/worked for Liberal Presidential Candidate George McGovern in 1972. Rudy’s allegiance will follow anyone or anything that will allow him to continue his obnoxious self-aggrandizement in the press and TV/Cable.
He became an Independent and finally a Republican when it was suitable for him to work for Reagan. His boisterous, self-deprecating humor is both disingenuous and disturbing. It’s hard to think of him as anything other than the Bush Jr pimp who brought 158 dump trucks within twelve hours of the 9/11 stand down/false flag to carry away the necessary evidence of a potential crime scene.
Furthermore, Guiliani is notorious for public charges that were bereft of any convincing evidence in high profile Wall Street cases in which he wanted to create a faux gangbuster personae. The one I remember best was the humiliation of Richard Wigton of Kidder Peabody and & Co. for insider trading on February 1987. Wigton was marched through the office handcuffed to make some ridiculous point. Wigton was discharged because Rudy had no real evidence to incriminate him for insider trading. Rudy’s judgement was always crippled by his bellowing narcissism.
In 2000, Guiliani appointed 34-year-old Russel Harding to head the NYC Housing Development Corps. Five years later, Harding was convicted for defrauding this organization as well as indulging in child pornography. Harding turned out not to have a college degree nor any experience for that particular job. Another scintillating Rudy pick-of-the-month was Michael Chertoff, our favorite Homeland Security Neo-Con, completely compromised by the 9/11 stand down.
Gen. David Petraeus, former Director of the CIA, has extensive overseas experience in the conflict areas where present day diplomacy is mostly required. Although he violated national security secrets by passing along eight TS notebooks to his mistress, Paula Broadwell, he conveniently fits three of the four criteria that I had annunciated in the beginning of this blog.

He has been intimately involved in intelligence gathering and analysis. He has had successful experience managing over several hundred thousand troops in different areas of low intensity conflict.
He may not be close to Trump or his team. However, I think that can be overcome by the daily briefings Petraeus will have to make to POTUS. One might argue that we have too many military men in the Trump administration… I say “so what?”
Furthermore, Petraeus has earned a PhD from Princeton University under the tutelage of a very distinguished international relations scholar, Prof. Richard Ullman.
I have worked with many generals in all the branches of armed services. I still have to discover anyone who wanted to initiate a war for the sake of destroying countries like Iraq,Libya,or Afghanistan. It was the civilians who sent our brave men/women to war; not our senior military officers.
Possibly, we can enjoy a decade of peace because in Trump’s administration, we have men/women who have seen the disgusting nature of war. Experience teaches military officers to avoid inflicting anymore atrocities on our youth. Trump understands the need to shift billion$ from useless warmongering to support re-building of our dilapidated infrastructure.
The famous American humorist, Will Rogers, said the following:
“Diplomacy is the art of saying nice doggie until you can find a rock.”

Or, as Mick Jagger opines: “you can’t always get what you want but sometimes, you just might find, you get what you need.”
Mitt Romney Speaks To Media Following Dinner With Donald Trump (video)…
President-Elect Donald Trump took Mitt Romney to dinner this evening in New York City. As anticipated, the MSM turned the dinner into the primary event for the evening’s media coverage. Fol…
Source: Mitt Romney Speaks To Media Following Dinner With Donald Trump (video)…
Carrier Announces Deal With Trump To Keep 1,000 Jobs In Indiana…
…”and we will win, and you will win, and we will keep on winning, and eventually you will say we can’t take all of this winning, …please Mr. Trump …and I will say, NO, we will win, and we will keep…
Source: Carrier Announces Deal With Trump To Keep 1,000 Jobs In Indiana…
Trump Reaches Deal To Keep 1,000 Carrier Jobs In The U.S.
Nine months ago the video of a plant-full of American workers getting the news that they were ‘fired’ due to Carrier International moving its air-conditioning plant from Indiana to Mexico went viral and became a meme for Trump’s “America First” plans. Today, according to CNBC’s David Faber, the Trump team and United Technologies have reached an agreement on keeping close to 1,000 factory jobs at the Carrier plant in Indiana.
As a reminder, this is what happened in February when United Technologies decided to reinforce both of these trends all at once, when the company announced it would be eliminating 1,400 jobs at a Carrier plant in Indianapolis in favor of hiring some new “foreign-born” employees – only these “foreign-born” workers will be hired in Mexico.
“Two Indiana plants that make products for the heating, ventilating and air conditioning industry are shifting their manufacturing operations to Mexico, which will cost about 2,100 workers their jobs,” The Indianapolis Star reports.“Carrier is shuttering its manufacturing facility on Indianapolis’ west side, eliminating about 1,400 jobs during the next three years [and] United Technologies Electronic Controls said that it will move its Huntington manufacturing operations to a new plant in Mexico, costing the northeastern Indiana city 700 jobs by 2018.”
Watch below as 1,000 soon-to-be Donald Trump voters react to the announcement:
Trump frequently railed against the move and pledged to force Carrier to keep its jobs in the U.S. while on the campaign trail.
“Here’s what’s going to happen,” Trump told a crowd in Indianapolis in April. “I’ll get a call from the head of Carrier and he’ll say, ‘Mr. President, we’ve decided to stay in the United States. That’s what’s going to happen — 100 percent.”
And now, as CNBC’s David Faber reports, Trump appears to have been right.
More from the NYT:
On Thursday, Mr. Trump and Mike Pence, Indiana’s governor and the vice-president elect, plan to appear at Carrier’s Indianapolis plant to announce they’ve struck a deal with the company to keep a majority of the jobs in the state, according to officials with the transition team as well as Carrier.Mr. Trump will be hard-pressed to alter the economic forces that have hammered the Rust Belt for decades, but forcing Carrier and its parent company, United Technologies, to reverse course is a powerful tactical strike that will rally his base even before he takes office.
In exchange for keeping the factory running in Indianapolis, Mr. Trump and Mr. Pence are expected to reiterate their campaign pledges to be friendlier to business by easing regulations and overhauling the corporate tax code. In addition, Mr. Trump is expected to tone down his rhetoric threatening 35 percent tariffs on companies like Carrier that shift production south of the border.
On its behalf, Carrier announced on Twitter shortly after the announcement that it was “pleased to have reached a deal with President-elect Trump & VP-elect Pence to keep close to 1,000 jobs in Indy.” We expect more companies to follow in these anti-offshoring footsteps.
We expect more details of the deal tomorrow but as The NY Times reports, roughly 10 percent of United Technologies’ $56 billion in revenues comes from the federal government, with the Pentagon its single largest customer. Its Pratt & Whitney division, for example, supplies the engines for the Air Force’s most advanced fighters and host of other planes. So perhaps some quid pro quo.
On the heels of the reported ‘deal’ with Ford, it seem president-elect Trump is starting to make good on some promises (but we can’t help but wonder why President Obama did not do these things?)







