Author: Jane Philips

DOWS SETS NEW RECORD as President Trump Announces US Withdrawal from Paris Climate Accord

President Trump withdrew from the Paris Climate Accord on Wednesday. The White House audience today broke out in applause when President Trump announced the United States was withdrawing from the Paris Climate Accord. The Dow closed at 21,114.18 today. The index was up 135 points on Thursday. U.S. equities closed higher on Thursday, the first trading day in June, as Wall Street got ready for the release of the monthly jobs report. The Nasdaq composite gained about 0.8 percent, hitting intraday and record highs. The S&P 500 also rose nearly 0.8 percent to notch all-time highs, with materials, financials...

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Every Bad Thing We Avoided By Rejecting the Paris Climate Accords

The president formally announced this week that the U.S. will exit the Paris climate agreement, a move that will have negligible impact on the environment but will have major benefits for the U.S. economy. The Paris climate agreement was deeply flawed from its start. It was legally and constitutionally suspect, based on politics rather than science, and contained unrealistic goals. It promised not only a dramatic expansion of the administrative state and a huge increase in the regulatory burden on American businesses, it threatened to put the brakes on U.S. economic output at a time when most economists think the...

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House Intelligence Panel Issues Subpoenas, Including on Susan Rice’s Unmasking

The House Intelligence Committee issued seven subpoenas on Wednesday in its ongoing investigation of Russian interference in the presidential elections, including one related to Susan Rice’s role in unmasking Trump campaign officials, according to a report. The committee issued four subpoenas related to the Russian interference and three related to questions about how and why the names of Trump associates had their identities revealed during surveillance of foreign targets and then distributed within classified reports by the Obama administration during the transition, the Wall Street Journal reported. Identities of U.S. citizens are supposed to be minimized, or hidden, during...

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Japanese and US militaries launch major joint drills amid growing N. Korea tensions

The Japanese and US militaries have teamed up for a three-day exercise in the Sea of Japan, in a show of force just days after North Korea launched a ballistic missile which landed in Japan’s exclusive economic zone. The ‘USS Carl Vinson’ and ‘USS Ronald Reagan’ strike groups have joined Japanese destroyers ‘Hyuga’ and ‘Ashigara’ for the exercise. In a post on its Facebook page, the US 7th Fleet described the drills as “routine training.” “The Ronald Reagan and Carl Vinson Strike Groups were joined by the Japan Maritime Self-Defense Forces (JMSDF) for routine training to improve interoperability and...

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Venezuela devalues currency in crisis dollar sale…

Caracas (AFP) – Crisis-hit Venezuela devalued its currency by 64 percent in a dollar auction that aimed to stabilize its foreign exchange market, officials said Wednesday. Under an overhauled official exchange system, the government let investors bid for the dollars at a new higher rate in what President Nicolas Maduro said was an effort to undermine the black market. It was the latest in a series of moves to ease a crisis in a country stricken by soaring inflation and shortages of food and medicine. The US bills sold at a rate of 2,010 bolivars per dollar, said Pedro...

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