It is the 19th of August 2019

News

Trump Team Digs In: "We Wont Apologize For Keeping America Safe"

Under assault from foreign governments, domestic CEOs, and thousands of protesters across the nation, members of the Trump administration were stern in their refusal to budge, and were unified in their support of the president's sweeping executive order that bars refugees and people from seven nations from entering the U.S. 

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Trump Unveils Three More Executive Orders

On Saturday, president Trump signed three more executive orders aimed at fighting terrorism and corruption. They follow yesterday's order for a temporarily ban on immigrants from certain countries entering the U.S. Today's actions are as follows:

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Make Stocks Volatile Again

The general sentiment on the Convergex trading desks continues to be bearish, so today Nichaolas Colas reviews seasonal patterns for the CBOE VIX Index going back to its starting point in 1990 to see what that math says about current market risk.

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Obama Commutes Remaining Prison Sentence Of Chelsea Manning

Following urges by Edward Snowden and Julian Assange (who offered his own extradition in exchange), President Obama has largely commuted the remaining prison sentence of Chelsea Manning, the army intelligence analyst convicted of an enormous 2010 leak that revealed American military and diplomatic activities across the world, disrupted the administration, and made WikiLeaks, the recipient of those disclosures, famous.

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McCain Proposes Massive $5 Trillion, 5-Year Defense Budget; Blames "Flawed Obama Defense Strategy"

Just weeks after it was revealed that the Pentagon attempted to bury a study, that it itself had actually commissioned, which revealed staggering financial waste on Department of Defense programs, John McCain has proposed a new military budget that would exceed Obama's proposed spending by $430 billion over 5 years and total over $5 trillion, in aggregate.  In a 33-page white paper called "Restoring American Power", McCain described his proposals as just a start toward repairing the "damage that has been done to our military over the past eight years" under the Obama administration.

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