Protectionism and infrastructure projects aren’t the cure for a system built on asset stripping, minimal job security and low pay
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Trump won because he unashamedly stood as the champion of the dispossessed. More than the 16 Republican rivals he left in his wake, and more than the Democratic party standard-bearer he defeated, he led the cry of those who felt they had been left behind by globalisation. He channelled and inflamed inchoate anger, inflamed racial divisions and exploited a sense of burning injustice at a system “rigged” against the little guy. He was the self-styled winner who knew how to play the system, the strong man who alone could fix it.
Related: My journeys in Trumpland
President-elect appoints Reince Priebus as his chief of staff
Nebo is a handwriting-to-text app developed by MyScript that features superior handwriting recognition and error correction. If you regularly take handwritten notes or draw organizational or flow charts, you may find that Nebo is a game changer that makes you wonder what you did without it.
National Geographic’s TV series ‘Mars’ is an intriguing combination of scripted adventure and unscripted interviews about the possibility of a manned mission to Mars. It is also the tip of an internet, virtual reality and educational iceberg that is deep, rich and entertaining.
Here’s what we learned about President-elect Trump’s healthcare plans…and here’s what needs to happen
Protectionist pledges expected to take back seat to stimulus measures
Competitive advantage is no longer the sum of all efficiencies, but the sum of all connections.
In what appears to be yet another effort to spook shorts out of speculative positions in offshore Yuan, China appears to have tamped down its liquidity spigot driving overnight HIBOR rates up a shocking 194bps to 3.53% – the highest in over a month. The spread between offshore and onshore yuan has collapsed, even as the Yuan plunges to to its weakest against the dollar since September 2009.
As Yuan hits its post-leg record lows, it seems each streak of selling is met with a kneejerk liquidity plunge in money markets…
Which has spooked the specs out of the arb between onshore and offshore Yuan…again
Of course, while 3.53% is notable for overnight money and a big shock, there is plenty of room to go if the capital flight and speculation continues – ON/HIBOR neared 25% in September as turmoil re-appeared.
On being transported back to last century and (crappy) ICE car tech.