Friday, December 9, 2016

Today's links

1--A Trump junta?

What is being assembled in the ongoing sessions at New York City’s Trump Towers is a government of class war, comprised of billionaires and generals. It is turning to the military as it prepares to implement policies of social reaction at home and war abroad, and to confront the massive popular opposition that these policies will provoke from within the working class and the youth.

2--Trump chooses millionaire fast food executive as secretary of labor

Donald Trump has nominated Andrew Puzder, millionaire CEO of CKE Restaurants, as Secretary of Labor. Puzder, who runs the Hardee’s and Carl’s Jr. chains, is a well-known opponent of minimum wage increases and of mandatory overtime pay for salaried employees. As Secretary of Labor, Puzder will be positioned to advance policies on minimum wages, wage equality, unemployment benefits and occupational safety.

Puzder has been a particularly vocal critic of raising the minimum wage, stating that doing so would merely provide an incentive for restaurant owners to automate service. At the same time, he has stated in multiple interviews with business publications that he supports fully automating restaurants. In an interview with Business Insider in March of this year, he stated, “I want to try it. We could have a restaurant that’s focused on all-natural products... where you order on a kiosk, you pay with a credit or debit card, your order pops up, and you never see a person.”

He also opposes guaranteeing overtime for poorly-paid salaried employees, such as the men and women who manage his restaurants. Puzder’s industry relies heavily on workers making poverty-level wages. Line cooks, cashiers and shift managers at a Hardee’s restaurant typically make between $7.74—just above minimum wage—and $9.00 an hour. Restaurant managers, who work more than 50 hours weekly, earn about $36,000 yearly

3--Trump Picks Goldman President Gary Cohn To Be Chief Economic Advisor

4--Consumer confidence soars to 11 year high

5--Trump launches war on unions

6-- Trump’s Infrastructure Plan Is a Full-on Privatization Assault

7--The rich don't spend tax cuts

8--The Syrian army has gained control of 93% of Aleppo’s territory

9--The Stop Arming Terrorists Act (SATA) has been introduced today in the House of Representatives by Rep. Tulsi Gabbard

would forbid the US government from using taxpayer dollars to arm, fund, or train terrorist organizations

The bill appears aimed primarily at ending the CIA program smuggling arms to Syrian rebels, something President-elect Donald Trump has also expressed support for. The bill singles out ISIS, al-Qaeda, and Jabhat Fateh al-Sham (the “rebranded” version of al-Qaeda’s Nusra Front) and forbids support to them, their allies, or foreign nations who are themselves providing support for the groups.

10--Presidential Determination and Waiver --Obama moves to arm terrorists with Manpads

11--US Hawks Lay Out Plan for Getting Into a War With Iran

12--Over 1,000 militants surrender to Syrian Army in east Aleppover 1,000 militants surrender to Syrian Army in east Aleppo

13--WikiLeaks claims its proven Turkish minister has links to ISIS

14--Trump Win Set Off $2 Trillion Shock Rotation to Stocks From Debt

15--Stock market’s velocity after Trump has Wall Street talking Dow 20,000—and beyond

The Dow Jones Industrial Average DJIA, +0.72%  registered back-to-back-to-back record closes Friday — it has scored 14 record finishes since Donald Trump’s election. The blue-chip gauge, as of Friday, was less than 250 points away from hitting the psychologically significant level of 20,000. 

16--Donald Trump’s Cabinet Selections Signal Deregulation Moves Are Coming

Business leaders are predicting a dramatic unraveling of regulations on everything from overtime pay to power-plant emission rules as Donald Trump seeks to fill his cabinet with determined adversaries of the agencies they will lead.

The president-elect’s pick Thursday to head the Labor Department, fast-food executive Andrew Puzder, is an outspoken critic of the worker-pay policies advanced by the Obama administration. Mr. Trump’s choice for the next administrator of the Environmental Protection Agency, Oklahoma Attorney General Scott Pruitt, is a primary architect of legal challenges on President Barack Obama’s environmental regulations.

Other cabinet nominees critical of regulations advanced under Mr. Obama include Rep. Tom Price to lead the Department of Health and Human Services, financier Wilbur Ross Jr. at the Commerce Department and retired neurosurgeon Ben Carson at the Department of Housing and Urban Development. All will require Senate confirmation.  

17--U.S. Stocks Close at Records

18--Insiders Send Wrong Signal on Bank Stocks --Rally in bank shares has coincided with insider selling that is on pace to set a record

Bank and industrial stocks have been among the biggest winners in the postelection stock rally, but some are swimming against the tide.
Corporate insiders in these industries have been selling into the rally at an unusually strong pace, according to research firm InsiderScore. At first glance, it is easy to view this as bearish. If high-ranking executives are unloading stock, perhaps investors should consider doing the same.
But there is more here than meets the eye.

Financials have surged 18% since the election, making them the S&P 500’s best-performing sector. Right on cue, insiders at U.S.-listed banks, brokerages and financial-services companies are poised to set records for the sheer number of people selling stock and the dollar value of shares sold in the fourth quarter, based on data since 2003

19--Rep. Tulsi Gabbard Introduces Legislation to Stop Arming Terrorists


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