Asian stocks advance ahead of ECB decision

FILE - In this Wednesday, Oct. 8, 2014, file photo, an American flag flies in front of the New York Stock Exchange. U.S. stocks are mixed early Wednesday, Dec. 7, 2016, as large drugmakers take losses and most other industries move slightly higher. (Mark Lennihan, File/Associated Press)SEOUL, South Korea — Asian shares rose on Thursday after an overnight surge on U.S. markets. KEEPING SCORE: Japan’s Nikkei 225 rose 0.9 percent to 18,654.93 while South Korea’s Kospi jumped 1.3 percent to 2,016.99. The Standard & Poor’s 500 index rose 29.12 points, or 1.3 percent, to 2,241.35.

December 08, 2016 03:47 UTC

The RNC Is Hosting Its Christmas Party This Year At Donald Trump's Hotel

The Republican National Committee will host its Christmas Party this year at the Trump International Hotel in Washington, D.C., the newest property of its newfound leader. But in moving the proceedings to Donald Trump’s downtown D.C. hotel, which only opened this past fall, the committee risks furthering the perception that the president-elect is leveraging his newfound political power for private gains. But the New York Times reported on Wednesday night that Trump plans to step down from his post while still maintaining a stake in the company. Foreign diplomats, meanwhile, have said they feel pressure to stay at the Trump International while in town, if only because staying elsewhere would send a bad signal to the incoming administration. The Trump campaign, the RNC and the Trump International hotel would not comment for this story.

December 08, 2016 03:44 UTC

Donald Trump just insulted a union leader on Twitter. Then the phone started to ring.

President-elect Donald Trump speaks at the Carrier plant in Indianapolis. — Donald J. Trump (@realDonaldTrump) December 8, 2016If United Steelworkers 1999 was any good, they would have kept those jobs in Indiana. Reduce dues — Donald J. Trump (@realDonaldTrump) December 8, 2016Jones, a union leader in Indianapolis, represents the Carrier workers whose jobs Donald Trump has pledged to save. The union leader said Trump appeared to be taking credit for rescuing 350 engineering positions that were never scheduled to leave. Jones, he said, had just left his office in Indianapolis, where he manages the needs of about 3,000 union members.

December 08, 2016 03:18 UTC

Microsoft Gives More Details About The PC's Future At WinHEC, And It Looks Brighter

WinHEC (Windows Hardware Engineering Community) is Microsoft’s string of conferences designed to get hardware developers jazzed about developing for the Windows platform. Microsoft’s goal, like anyone with an ecosystem, is to get their fair share of resources committed to their platform. I am hopeful future PCs will be able to surpass these capabilities given the lower latency capabilities and processing capabilities of a PC. Microsoft and Intel will also work together to increase the security of Windows PCs with a blending of Intel’s hardware capabilities and Microsoft’s threat intelligence, complementing one another. I’m glad to see the PC platform strive to lead in a few new use cases, something it has lacked for a while.

December 08, 2016 03:03 UTC

Here's How Trump Nominee Scott Pruitt Will Ru(i)n The EPA

We already knew President-elect Donald Trump wasn't setting up his Environmental Protection Agency to continue the Obama administration's work on climate change, but his pick to head the EPA might not be too hot on Trump's pledge to re-focus environmental protection on ensuring clean air and water either. Oklahoma Attorney General Scott Pruitt appears to be Trump's nominee for the job, despite the fact that he's currently involved in suing the EPA over President Obama's Clean Power Plan and describes himself as "a leading advocate against the EPA’s activist agenda." On the water side of things, Pruitt also sued the EPA over its redefinition of what waters the federal government has the authority to protect under the Clean Water Act. If the track record doesn't make it clear enough, Trump's nominee for EPA lead is at odds with the very concept of a federal environmental protection agency itself. And it seems Pruitt is looking forward to neutering the EPA's regulatory power as soon as possible.

December 08, 2016 02:51 UTC

Donald Trump Attacks President Of Union That Represents Carrier Workers

“Chuck Jones, who is President of United Steelworkers 1999, has done a terrible job representing workers,” Trump tweeted. Earlier this year Carrier announced plans to close the factory and shift production to Mexico, laying off 1,400 workers in the process. Multiple times during the campaign, Trump blasted Carrier as an example of bad U.S. trade policy that makes it profitable to offshore jobs, something Trump said he would stop as president. “The actual number of jobs saved is 730 bargaining unit jobs ― the workers, the union members ― and another 70 office, supervisory clerical workers from management,” Jones said on CNN Wednesday. “I don’t put a whole lot of faith in what people say.”Shortly after Jones’ CNN appearance, Trump sent his tweet.

December 08, 2016 02:35 UTC

Federal Judge Halts Jill Stein's Michigan Recount

U.S. District Judge Mark Goldsmith on Wednesday night halted a Michigan election recount launched by Green Party nominee Jill Stein that had been underway since Monday. Stein’s campaign condemned the judgment and promised to challenge the Michigan Court of Appeals decision Goldsmith effectively upheld with his ruling. John Bursch, attorney for Michigan’s Republican Attorney General Bill Schuette, who had challenged Stein’s case for a recount, praised Goldsmith’s decision. All signs suggest that Stein’s Michigan recount effort, which has already endured multiple judicial challenges, is nearing an end. The Michigan Court of Appeals’ decision did not take effect immediately, however, since the 6th Circuit had upheld Goldsmith’s order that his court needed to rule on any additional cessation of the recount.

December 08, 2016 02:03 UTC

Bill Nye’s Curious Connection To The Pearl Harbor Attacks

“It was the day my dad went missing, the day that lives in infamy,” Nye wrote on Twitter. What many don’t realize, however, is that Dec. 7, 1941, is an important date in the Nye family’s history. Like many public figures, Bill Nye “ The Science Guy ” took a moment on Wednesday ― the 75th anniversary of the Pearl Harbor attacks ― to honor those who have served in the armed forces. It was the day my dad went missing, the day that lives in infamy. For two weeks, he and others fought back, managing to shoot down numerous enemy bombers, Nye explained in the TED-Ed.

December 08, 2016 02:03 UTC

Kicking Its Oil Addiction, Saudi Arabia's Non-Oil Business Spikes

Why China Wants U.S. Memory Chip Technology -- And What Washington Is Doing About ItThere’s little secret that Saudi Arabia has been struggling lately. As oil markets spun out of control over the past two years amid record high oil production and correspondingly high global oil inventory levels and low prices, the kingdom’s finances took a beating. Since OPEC’s announcement last week to cut oil production by 1.2 million barrels per day (b/d) – removing around 1% of global oil supply from the market – oil prices bounced nearly 20% to highs not seen since mid-2015. However, it remains to be seen if OPEC will actually pull off its production cut since the cartel’s members have a mixed history of honoring production cut quotas. News has broken that Saudi Arabia’s non-oil private sector spiked in November.

December 08, 2016 01:42 UTC

Donald Trump Vows To Reduce Drug Prices, Doesn't Say How

Trump previously has suggested he was open to allowing importation of cheaper medicines from overseas. Trump previously had taken aim at other industries, suggesting an interventionist stance toward business during his presidency. Allergan Inc Chief Executive Brent Saunders last week cautioned drug companies against a false sense of security under Trump. Continually rising drug prices have placed a heavy burden on consumers, many of whom cannot afford their medicines or face increasing co-pays on prescription drugs. Trump has vowed to repeal and replace President Barack Obama’s signature 2010 healthcare reform law, but that pledge does not address drug prices.

December 08, 2016 01:35 UTC

Merrick Garland's Own Court Won't Force Republican Senators To Vote Him Up Or Down

Since getting a nod for the Supreme Court ages ago, Merrick Garland hasn’t been doing any work as a judge, sitting out cases that he may have later needed to hear as a justice. That doesn’t mean he didn’t at least see something the U.S. Court of Appeals for the D.C. There was no chance Garland’s colleagues would even attempt to go there — the separation of powers is still a thing. With his chances all but vanished since Donald Trump got elected, Garland’s only hope is a wild constitutional miracle in his favor. With the current Congress about to adjourn until the next one, Garland’s nomination will soon return to the president.

December 08, 2016 01:20 UTC

Meet Linda McMahon, Wife Of WWE Billionaire And Trump's Pick For Small Business Administrator

On Wednesday, Trump announced that he has selected former World Wrestling Entertainment CEO Linda McMahon to head his Small Business Administration. McMahon is the wife of billionaire WWE promoter, Vincent McMahon, whose net worth FORBES estimates at $1.16 billion. According to WWE's most recent annual report, Linda McMahon personally owns $84 million in WWE stock. After the news was announced, Linda McMahon tweeted:Honored to be appointed by President-Elect @realDonaldTrump to serve as head of @SBAgov advocating for our small businesses & entrepreneurs! — Linda McMahon (@Linda_McMahon) December 7, 2016The connections between Trump and Linda and Vince McMahon run deep.

December 08, 2016 00:42 UTC

Hillary Clinton's Final Speech

Indeed, I will give a Shermanesque statement, "if elected by the Electoral College, I shall not serve". But, I am here to talk about another role the Electoral College should serve. The Electoral College should not substitute its policy or personality preferences for those of the people as expressed at the ballot box. Mr. Trump has already shown that, if things are too quiet, he needs to do something to make a tempest. Mr Trump, they say, and he himself has so stated, that he always seeks revenge and is very vindictive.

December 08, 2016 00:40 UTC

Donald Trump’s Choice of Generals for Top Posts Raises Concerns

WASHINGTON—President-elect Donald Trump on Wednesday turned to a third retired military officer to help him run the country when he takes office in January, a move that represents an unusual level of military influence in the executive branch. Mr. Trump gave the nod to retired Marine Gen. John Kelly to lead the Department of Homeland Security, according to people familiar with the decision, a nomination that comes after he already...

December 08, 2016 00:36 UTC

Trevor Lewis goes about helping the Kings without fanfare

Forward Trevor Lewis has two distinct and noticeable effects on people. And he brings smiles to the faces of those teammates — and to Coach Darryl Sutter — because they value the work he does, even though he won’t ever rank among the Kings’ scoring leaders. In this case, “good” doesn’t mean prolific, though Lewis has been scoring lately. That’s what happens when he’s getting chances, if he’s willing to try that and bring that to life. Update: For the Kings, this will be the second of eight straight games against Eastern Conference opponents.

December 08, 2016 00:25 UTC

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