After years of slowing earnings growth and little in the way of excitement for many Wall Street analysts, many are now hopeful that President-elect Donald Trump will finally make things interesting.
When collating data for the Goldman Sachs Group Inc. Analyst Index — a proprietary measure of growth across different sectors of the S&P 500 — the firm included a question this month on what the election of Donald Trump will mean for the industries covered by those surveyed. Turns out, they are rather optimistic.
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Time For Truth: (Bloomberg) – Goldman Says Trump's Presidency Will Benefit Stocks in Almost Every Sector
Mark Carney has come out and said the very thing that every economist studying the subject agrees with. It isn’t true that everyone benefits from free trade and globalisation. The net effect on all humans is vastly positive, but there are still those that lose. And that’s a political problem, not an economic one. For the people who don’t win are, largely speaking, those below median incomes in the already rich countries. It is this which drives the chatter about increasing inequality when in fact inequality, measured globally, is falling.
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Time For Truth: (Forbes) – Mark Carney's Right, Not Everyone Benefits From Free Trade And Globalisation - The Semi-Rich Don't
German Chancellor Angela Merkel told her party Sunday she will seek re-election next year, a move likely to be welcomed in many capitals as a sign of stability following poll triumphs for Brexit and Donald Trump.
After months of feverish speculation, Merkel announced at a meeting with other leaders of her conservative Christian Democrats (CDU) that she would run for a fourth term, a decision they met with thunderous applause, party sources told AFP.
Two nephews of Venezuela’s first lady were found guilty on Friday on US charges that they tried to carry out a multimillion-dollar drug deal to obtain a large amount of cash to help their family stay in power.
Franqui Francisco Flores de Freitas and Efraín Antonio Campo Flores, nephews of Cilia Flores, the wife of the Venezuelan president, Nicolás Maduro, were convicted by a federal jury in Manhattan of conspiring to import cocaine into the United States.
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Time For Truth: (The Guardian) – Venezuelan president's relatives guilty in US cocaine trial
In 2015, the legal marijuana industry in Colorado created more than 18,000 new full-time jobs and generated $2.4 billion in economic activity, according to a first-of-its-kind analysis of the economics of legal cannabis in the state.
The study, conducted by the economic consulting firm Marijuana Policy Group, is based on two years of sales numbers from the state of Colorado. It measured both the direct effects of legalization — including close to $1 billion in retail sales in 2015 — and the industry’s spillover effects on the Colorado economy.
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Time For Truth: (The Washington Post) – The marijuana industry created more than 18,000 new jobs in Colorado last year