Frontrunning: December 8


Tyler Durden's picture
  • Draghi Expected to Lay Out Plans for More ECB Stimulus (WSJ)
  • Bonds Fall as Investors Turn Wary on ECB Stimulus; Euro Gains (BBG)
  • European Stock Traders Look to Draghi to Break Santa Curse  (BBG)
  • Trump to nominate Pruitt to lead U.S. environmental agency (Reuters)
  • Trump’s choice of China envoy a positive sign for ties, Xinhua says (Reuters)
  • Syrian Rebels Pin Hopes on Trump (WSJ)
  • Trump Pick of EPA Foe to Lead Agency May Spark Senate Fight  (BBG)
  • Russia Sells Stake in Oil Giant Rosneft to Glencore, Qatar (WSJ)
  • The Return of Glencore’s Dealmaking King (Bloomberg)
  • Italian bank Intesa to help fund Rosneft deal for Glencore and Qatar (Reuters)
  • Sovereign-Wealth Funds Buy Stake in U.K. Gas Business (WSJ)
  • Monte Paschi Seeks ECB Reprieve as It Tries to Escape Bailout (BBG)
  • Vietnam dredging on South China Sea reef (Reuters)
  • Deutsche Bank May Have Rigged Index in Paschi Deal, Audit Shows (BBG)
  • Eyeing upswing, more U.S. oilfield service firms restructure (Reuters)
  • Michael Jordan Scores China Legal Victory for His Chinese Name  (BBG)
  • How Trump’s Web of Businesses Obscures Potential Conflicts (WSJ)
  • Facebook’s Investors Criticize Marc Andreessen for Conflict of Interest (BBG)
  • Merkel Sticks to Middle Ground in Risky Pitch for German Votes  (BBG)
  • China’s Banks Are Hiding More Than $2 Trillion in Loans (WSJ)
  • Facebook’s Investors Criticize Marc Andreessen for Conflict of Interest  (BBG)

Overnight Media Digest

WSJ

– U.S. stocks posted their biggest rally since the election, sending major indexes to fresh records as investors increasingly conclude President-elect Donald Trump will be good for business and the economy. http://on.wsj.com/2h8mFLj

– The CEOs of AT&T Inc and Time Warner Inc on Wednesday defended their proposed $85 billion merger to lawmakers, trying to navigate a tricky political landscape in which President-elect Donald Trump has expressed hostility to the deal. http://on.wsj.com/2hjV7yR

– President-elect Donald Trump on Wednesday chose Oklahoma Attorney General Scott Pruitt to lead the Environmental Protection Agency, according to a transition official, turning to a climate-change skeptic and sharp critic of the agency to take its helm. http://on.wsj.com/2gbVAae

– Rampant use of an accounting sleight of hand means Chinese banks don’t have to set aside capital to cover potential losses, sowing fears of a crisis. http://on.wsj.com/2hkJhV0

– President-elect Donald Trump turned to a third retired military officer to help him run the country when he takes office in January, a move that represents an unusual level of military influence in the executive branch. http://on.wsj.com/2hlLn7r

– Passage of legislation aimed at speeding up Food and Drug Administration approvals, combined with an incoming president who has pledged to “cut red tape” at the agency, is expected to usher in a new, more industry-friendly era of drug and device regulation. http://on.wsj.com/2h7fbbb

– Syrian rebels on Wednesday proposed a civilian evacuation and negotiations over the future of Aleppo, a stark admission the opposition is all but defeated in a divided city seen as a bellwether in the country’s nearly six-year war. http://on.wsj.com/2gb850P

 

NYT

– The Russian government announced Wednesday that it will sell nearly 20 percent of its state oil company, Rosneft , to Swiss commodity trading firm Glencore and the sovereign wealth fund of Qatar. http://nyti.ms/2h8jqDt

– City Council in Portland in Oregon voted on Wednesday to impose a surtax on companies whose chief executives earn more than 100 times the median pay of their rank-and-file workers. The surcharge, which Portland officials said is the first in the nation linked to chief executives’ pay, would be added to the city’s business tax for those companies that exceed the pay threshold. http://nyti.ms/2h8kS90

– The European Central Bank is expected to say on Thursday that it will buy large quantities of government bonds and other assets for longer than initially planned, an attempt to protect the eurozone economy from an increasingly unpredictable political landscape. http://nyti.ms/2h8brWU

– China’s highest court ruled largely in favor of former basketball star Michael Jordan on Thursday in a closely watched trademark case. The decision held that Jordan owns the legal rights to the Chinese characters of the equivalent of his name, overturning a lower-court ruling. The lawsuit pitted Jordan against Qiaodan Sports Company, which he accused of using the Mandarin transliteration of his name on its goods. http://nyti.ms/2h8kN5j

– President-elect Donald Trump is considering formally turning over the operational responsibility for his real estate company to his two adult sons, but he intends to keep a stake in the business and resist calls to divest, according to several people briefed on the discussions. http://nyti.ms/2h8fgLI

 

Canada

THE GLOBE AND MAIL

** The civil servant in charge of the government’s spy-watchdog agency says Canada may have to reconsider how it shares intelligence with the United States if president-elect Donald Trump makes good on his promise to torture terrorists to gather intelligence. https://tgam.ca/2h6uqyd

** Chicago-based PrivateBancorp Inc. is postponing the shareholder vote for its $4.9-billion sale to Canadian Imperial Bank of Commerce, raising questions about whether CIBC will have to sweeten its bid next year. https://tgam.ca/2h6tkCy

** Canada is set to overhaul the way financial transactions are processed as changing technology and globalization reshapes the way individuals and businesses move money and access their funds. https://tgam.ca/2h6weYc

NATIONAL POST

** Ontario officials said the province’s own land-use restrictions around its largest city have constrained the supply of detached homes. http://bit.ly/2h6wO88

** A major international union has taken the first step towards unionizing pilots at WestJet Airlines Ltd, taking over the work begun internally last year. http://bit.ly/2h6nJw6

KOMMONSENTSJANE – THE OBAMA ERA IS OVER


The only problem was that their dream (drug induced) was really a nightmare for them and us!

kommonsentsjane's avatarkommonsentsjane

December 7, 2016

THE OBAMA ERA IS OVER—-

by Daniel Greenfield

Obama and his supporters loved talking about history. His victory was historic. They were on the right side of history. History was an inevitable arc that bent their way.

The tidal force of demographics had made the old America irrelevant. Any progressive policy agenda was now possible because we were no longer America. We were Obamerica. A hip, happening place full of smiling gay couples, Muslim women in hijabs and transgender actors. We were all going to live in a New York City coffee house and work at Green Jobs and live in the post-national future.

The past was gone. We were falling into the gorgeous wonderful future of dot com instant deliveries and outsourced everything. We would become more tolerant and guilty. The future was Amazon and Disney. It was hot and cold running social justice. The Bill…

View original post 561 more words

KOMMONSENTSJANE – THAT CLINTON FOUNDATION WHICH IS CALLED A CHARITY


Total Scam!

kommonsentsjane's avatarkommonsentsjane

baby10

December 7, 2016 7:42 PM

Subject: Clinton Foundation 2014 tax return (you won’t believe this)!

This is some pretty incredible information—First the questionable emails –  but this appears even worse corruption to me—and they’re getting away with it !!! We should all try this—I wonder what would happen?.

I got these figures from an official copy of the Bill Hillary and Chelsea Clinton Foundation for the tax year 2014.
I got the copy of the tax return from the National Center for Charitable Statistics website!
You can get the latest tax return on any charitable organization!
Total revenue (line 12) ……………….$177,804,612.00
Total grants to charity (line 13) ………..$5,160,385.00 (that’s less than 3%)
Total expenses of………………………… $91,281,145.00
expenses include: salaries (line 15)….$34,838,106.00
fund raising fees (line 16a)……….$850,803.00
other expenses (line 17)…..$50,431,851.00
They list 486 employees (line 5)!
It took 486 people who are paid $34.8 million and $91.3 million in fees and…

View original post 40 more words

KOMMONSENTSJANE – OBAMA LIES AGAIN – SAYS NO FOREIGN-PLANNED TERROR ATTACK ON U.S. IN EIGHT YEARS.


Liar Liar Pants on Fire!

kommonsentsjane's avatarkommonsentsjane

In a speech at MacDill Air Force Base in Tampa, Florida on Tuesday, the soon to be former commander-in-chief touted what he deems to be his national security accomplishments. At one point in the speech, Obama claimed that during his tenure no foreign terrorist organization “has successfully planned and executed an attack on our homeland.”

“We should take great pride in the progress we’ve made over the last eight years,” Obama declared. “No foreign terrorist organization has successfully planned and executed an attack on our homeland.”

Obama Falsely Claims No Terrorist Attacks In America In The Past 8 Years

The declaration was met with tepid applause among service members, many of whom simply stared back at the president.

The reason such a claim is difficult to respond to enthusiastically is the grim reality of what has transpired over the last eight years: radical Islamic terrorists — most of them inspired…

View original post 151 more words

KOMMONSENTSJANE – ONLY IN AMERICA


What we lived though over the past dozen years has been totally insane and proves that the government can never make things better only worse!

kommonsentsjane's avatarkommonsentsjane

Only in America:

tri

kommonsentsjane

View original post

College president frets students might ‘drop out from fear’ after election — Fellowship of the Minds


Snowflakes do melt away they can not exist on their own!

kommonsentsjane's avatarkommonsentsjane

Via Campus Reform: The president of Montgomery College claims that the presidential election created “profound insecurity” for students, which demands a renewed commitment to “inclusion” from academia. “Radical inclusion is an approach to higher education that I have promoted for years at my college,” Dr. DeRionne Pollard begins a recent op-ed for The Washington Blade, […]

via College president frets students might ‘drop out from fear’ after election — Fellowship of the Minds

Reblogged on kommonsentsjane/blogkommonsents.

Political Cartoons by Gary McCoy

Have these colleges received the wrong instructional booklets from Obama on how to run a college.  From what this president of Montgomery College is saying is wrong to begin with – she states the college belongs to her (which it doesn’t) and from her message – it sounds like the instructions and replies she is giving to the students are for a kindergarten class not a college.  Is she sure she is in the right…

View original post 18 more words

Michigan Recount Uncovers Voter Fraud in Democrat Stronghold of Detroit


Democrat’s cheat they always have!