Corporate Earnings Repatriation

By Thomson Reuters – Re-Blogged From Newsmax

A loophole in the new U.S. tax law could allow multinational corporations like Apple Inc. to avoid paying billions of dollars in taxes on profits stashed overseas, according to experts.

Stemming from a Republican overhaul of international business taxes, the loophole involves the tax rates – 15.5 percent or 8 percent – that companies must pay on $2.6 trillion in profits they are holding abroad.

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China Officials View Treasuries Less Attractive

By Bloomberg – Re-Blogged From Newsmax

Officials reviewing China’s foreign-exchange holdings have recommended slowing or halting purchases of U.S. Treasuries, according to people familiar with the matter.

China holds the world’s largest foreign-exchange reserves, at $3.1 trillion, and regularly assesses its strategy for investing them. It isn’t clear whether the recommendations of the officials have been adopted.

Image: China Officials Are Said to View Treasuries Less Attractive

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Open Letter to President Donald Trump

By Bob Tisdale – Re-Blogged From http://www.WattsUpWithThat.com

Subject: Has the UN’s Human-Induced Global Warming/Climate Change Movement Always Been Based on International “anti-growth, anti-capitalist, anti-American” Agendas?

Dear Mr. President:

I am writing you this open letter to ask you for your insights into the “anti-growth, anti-capitalist, anti-American” agendas behind the international catastrophic human-induced global warming/climate change movement, as discussed by Prime Minister Margaret Thatcher in her 2002 memoir Statecraft.

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Russia Won’t Sit Still for Additional U.S. Sanctions

Re-Blogged From Stratfor

Highlights

  • Washington will increase pressure on Moscow in 2018 through a series of expanded sanctions aimed at Russia’s financial stability, elites, reputation and defense industry.
  • Russia will weather the increased pressure by further insulating its economy, oligarchs and companies, placing additional responsibility for the country’s stability on the Kremlin.
  • The Russian government can maintain its position next year, though its resources are growing slim and the Kremlin faces a pivotal series of elections. 

Russia has begun insulating its economy from additional U.S. sanctions.

(MARK KOLBE/Getty Images)

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Trump May Push, but Pakistan Won’t Budge

 Re-Blogged From Stratfor

The new year has brought renewed troubles for the already faltering relationship between the United States and Pakistan. On New Year’s Day, U.S. President Donald Trump issued a tweet accusing Pakistan of “lies & deceit” despite receiving $33 billion in U.S. aid for its cooperation in the war in Afghanistan. The next day, the White House announced that it would continue to withhold the $255 million worth of aid that had been earmarked for Pakistan in 2016, citing insufficient action against anti-NATO militants. And on Jan. 4, the White House said it would suspend $900 million in security assistance promised in 2017 and place Pakistan on a list of countries violating religious freedom.

A map shows Afghanistan, Pakistan and the surrounding region.
(LorenzoT81/iStock)

Ontario Raised Its Minimum Wage to $14 Per Hour

By TRE GOINS-PHILLIPS – Re-Blogged From https://ijr.com/

Ontario just bumped its minimum wage to $14 per hour, but it is working families and consumers that will suffer.

A newly released study from the Bank of Canada suggests the Canadian province will lose some 60,000 jobs by 2019 as a result of the hike, the National Post reported. And local businesses are making other cuts, too.

Minimum Wage

Congressional Quarterly/Getty Images

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Greatest Transfer Of Wealth

By Rory Hall – Re-Blogged From  http://www.Gold-Eagle.com

The past few days I have been reminded of how important silver is to our world and how silver is the one asset the world needs in order to function to a high level. Actually, silver is necessary for our world to function at even the most basic level where power/energy/information is running through wires. Silver makes it possible.

With all these Western nations, basically, invading, destroying China were about silver. China was importing all the world’s silver even though they had no natural mines they owned 25% of the world’s silver. England had massive trade deficits with them. When England couldn’t balance it back because the Chinese didn’t want the British finished goods they (Britain) imported opium into there and destroyed China. Which led to the rise of Mao and communism and all this other stuff. ~Chris Duane, The Daily Coin

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