Wow. No one saw this coming! According to J.P. Morgan, corporations are using their windfall from the President’s big tax cut (both direct savings and repatriated cash) to do stock buybacks.
This gives me an opportunity to share some insight on this from one of our longtime readers. This is usually framed as a pay-off for corporations, which it undoubtedly is. But these buybacks may drive money even pretty narrowly among a corporations shareholders.
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I think most of us have been pretty worried about our country’s situation since November 2016. But look at this chyron.
Aren’t news reports like this from generally sedate news sources profoundly worrisome? The President’s allies are talking about him like he’s teetering on the edge of some kind of emotional breakdown. At this point I think we’re all half boiled frogs.
Ben Carson now says he’ll rescind the purchase order for the $31,000 dining room set for his HUD suite.
I mentioned last week that a cluster of new revelations had given us a fresh and deeper view of Paul Manafort’s dire financial straits and desperate personal situation in the months and weeks leading up to his entry into the Trump campaign in March 2016. Today we have another report from Bloomberg which paints a similar picture and adds some additional details, specifically just how recently before he went to work for Trump that Manafort was working for the shell of the Russia-aligned party in Ukraine. Read More
It’s all coming to a head, it seems. Sessions says he needs to follow the law and constitution, not Trump. Let’s see how long that lasts.
The Oath Keepers, a rightwing militia group, say they’re going to post armed members outside schools to protect them from mass shooters. But in an online planning webinar last night they spoke of Parkland student activists like Emma Gonzalez and David Hogg as “the enemy.” Here’s our exclusive report.
US intelligence learned that at least four countries – UAE, China, Israel and Mexico – discussed ways to use Jared Kushner’s desperate financial situation to gain leverage over him.
Presumably, Russia had already bought in.
Jared Kushner getting his clearance pulled (downgraded from Top Secret/SCI to Secret) is a big deal. Obviously, someone with a Secret clearance can still learn lots of stuff that you and I can’t know. But the Top Secret/SCI is for people at the apex of the policy-making and implementation process who have the ability to get full visibility into anything the US government knows. A President regularly deals with information at this level. So it’s likely not possible for Kushner to operate in the way he has in the White House without such clearance. Read More
You’re busy. You can’t read every article or keep up on every development. But in less than 500 words our weekly Healthcare Policy/Obamacare Sum Up keeps you current on all critical developments over the past week. That’s our promise. Read this short brief and you’ll always be up to date.
Voting Rights/Democracy comes each Monday and the Russia Probe on Friday.