Increased fears about global stability and the rise of new military powers is driving a return to steady growth in worldwide defence spending.
A new analysis of arms spending from Jane’s Defence Budgets report found that outlays on weapons, equipment rose 1pc in 2016, to a global total of $1.57 trillion.
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Time For Truth: (The Telegraph) – $1,570,000,000,000: how much the world spent on arms this year
Hillary Clinton and her supporters spent a record $1.2 billion for her losing presidential campaign — twice as much as the winner, Donald Trump, according to the latest records.
The president-elect, who confounded critics during the campaign by saying there was no need to raise or spend $1 billion or more, ended up making do with $600 million.
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Time For Truth: (New York Post) – Hillary Clinton’s losing campaign cost a record $1.2B
Supporters of a plan for California to secede from the union took their first formal step Monday morning, submitting a proposed ballot measure to the state attorney general’s office in the hopes of a statewide vote as soon as 2018.
Marcus Ruiz Evans, the vice president and co-founder of Yes California, said his group had been planning to wait for a later election, but the presidential election of Donald Trump sped up the timeline.
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Time For Truth: (LA Times) – Secessionists formally launch quest for California's independence
The IMF on Thursday urged Argentina to stay the course on tough economic reforms, but also to take steps to protect the poor from the negative consequences.
In the first report on the nation’s economy in a decade, marking full restoration of relations between Buenos Aires and the International Monetary Fund, the fund said it will take time for the reforms to bear fruit and there will be “negative short-term impact” of the policy changes.
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Time For Truth: (France 24) – IMF urges Argentina to continue reforms, protect poor
After a few months that’s seen the small matter of neo-liberalism dying and the beginning of the end of globalization, you might be forgiven for thinking that your portfolio might need a little updating.
Well, listening to the experts on CNBC last week there seems to be two schools of thought on this issue.
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Time For Truth: (CNBC) – $1 trillion of spending, 'Trumpflation' and what it means for your portfolio