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May, 2017 Archives

Partnerships, Trade and Currencies

by Jon S. Strebler

 

German Chancellor Angela Merkel shocked many by stating what may be inevitable anyway: The US may no longer be a reliable partner in light of the Trump administration’s new tendencies in terms of trade and military cooperation. If the US wants to do what’s best for America, regardless of the impact on its erstwhile allies, then obviously Europe (of which Merkel is seen as the de facto leader) may have little choice but to adopt a similar mentality.

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Daily Recap

Stocks were mixed and uninspired for most of the day worldwide, though US shares rallied into the close for a fifth day of heading higher.  The Asia Dow index finished down 0.31% despite higher closes in Japan, Hong Kong, Australia, Singapore and China; go figure.  European exchanges were all lower, except for London's FTSE, but that was enough to boost the STOXX 600 by 0.09%.

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Making America Great Again

By Jon S. Strebler

 

Every so often, the sciences challenge conventional wisdom about when America was first settled or visited by humans, with the most recent example coming virtually from my own backyard. Last month paleontologists with the San Diego Natural History Museum presented evidence that a local mastodon was butchered by humans some 130,000 years ago, more than 100,000 years before humans were thought to have been in North America. Their theory is controversial and will need much more analysis and review before being accepted, so at this point it is mostly an interesting possibility.  

 

 

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