FRANCE - French presidential candidate and National Front leader, Marine Le Pen, said she wants to take France out of the euro, reiterating comments made the day before, and - taking a page out of the Yanis Varoufakis Grexit negotiating strategy playbook - added she wants to redenominate French government debt in a new national currency. “More and more European citizens realize their economies have been suffocated by the euro,” she told reporters on the sidelines of a press conference in Paris quoted by Bloomberg. Additionally, following the British example, Le Pen said that before leaving the euro, she would hold a referendum on France’s relations with the European Union and has pledged to hold such a vote within six months of an election victory.
USA - By now, you’ve no doubt heard about the four black teens in Chicago who kidnapped, bound, tortured, scalped and beat a young white “special needs” boy on a Facebook live video feed, all while shouting anti-Trump and racist hate slogans that will turn your stomach.
USA - By now, it’s clear that religion is fading in America, as it has done in most advanced Western democracies. Dozens of surveys find identical evidence: Fewer American adults, especially those under 30, attend church — or even belong to a church. They tell interviewers their religion is “none.” They ignore faith.
USA - Just 17 days from today, Donald Trump will be sworn in as the nation’s 45th President and deliver his inaugural address. Trump is expected to announce priorities in the areas of education, infrastructure, border security, the economy and curtailing the outsourcing of jobs. But Trump’s agenda will be derailed on all fronts if the big Wall Street banks blow up again as they did in 2008, dragging the US economy into the ditch and requiring another massive taxpayer bailout from a nation already deeply in debt from the last banking crisis.
USA - Talk is growing in the United States of the possibility of using military strikes to take out North Korea’s nuclear and missile capabilities after the North’s leader, Kim Jong-un, threatened he’s close to testing a long-range missile apparently capable of hitting the US.
USA - Controversial legislation to subject the Federal Reserve’s monetary policy powers to outside scrutiny is getting new life in Washington. Representative Thomas Massie (Republican for Kentucky) and Senator Rand Paul (Republican for Kentucky) have re-introduced legislation to “Audit the Fed,” after a similar effort stalled in the last Congress. But such a proposal, which has been vocally opposed by Federal Reserve Chairwoman Janet Yellen, may face its best odds ever of becoming law.
USA - House Republicans are planning to get an ObamaCare repeal bill on President-elect Trump's desk by February 20, while the administration moves forward with executive actions to start unwinding ObamaCare on day one. The February 20 target was put forward by incoming House Budget Committee Chairman Diane Black (Republican for Tennessee), said Representative Markwayne Mullin (Republican for Oklahoma), leaving a meeting with House Republicans and Vice President-elect Mike Pence on Wednesday. Pence said Trump plans to take executive actions to start unwinding ObamaCare on day one, but did not get into specifics.
USA - Driven by terror threats and a potential Hillary Clinton administration, sales of guns in America soared to record levels in 2016, according to the FBI. Just released FBI background check numbers, which roughly equate to gun sales, totaled some 27,538,673, 4 million more than in 2015 and nearly double the number in President Obama's first year. The numbers do not include many guns sold to or given to friends and family. Sales hit record levels for some 19 months in a row as the number of terrorist attacks around the world and here at home increased, driving purchases by those seeking protection. The increase paralleled increases in those seeking a license to carry a concealed weapon.
USA - Ahead of Jullian Assange's interview tonight on Fox News with Sean Hannity, in which as we previewed last night the Wikileaks founder will again deny on the record that Russia was the source of hacked Democratic emails, stating that "our source is not the Russian government and it is not a state party", Wikileaks decided to engage in some creative marketing and, on Monday afternoon promised that 2017 will be an even bigger year for leaks than 2016, which saw the whistleblowing site publish thousands of documents exposing the dirty laundry of the Clinton campaign, US political secrets, covert trade deals and private communications from global leaders. “If you thought 2016 was a big WikiLeaks year, 2017 will blow you away,” WikiLeaks tweeted on Monday, giving no hints as to what may be in store.
USA - With the election of Donald Trump, the G-zero world is now fully upon us. The triumph of an “America first” foreign policy marks a fundamental break with decades of US exceptionalism and a consensus view in Washington that US international leadership, however flawed and uneven, is indispensable for international stability.
UK - This may or may not be a good time for democracy, but one thing is certain about the past year of political upsets; it’s heaped further humiliations on the economics profession. A substantial majority of economists thought the mere act of voting for Brexit would pole-axe the economy. Not only did voters ignore these warnings, but so far the “experts” have proved almost wholly wrong.
GERMANY - The hour-long video didn't exactly put the German chancellor in a cheerful mood. The footage was from Donald Trump's recent appearance in Pennsylvania during his so-called Thank You Tour and Angela Merkel, as she told the national executive committee of her center-right Christian Democratic Union (CDU), watched the rally in its entirety. She recommended that her fellow party members do the same. "It is interesting to see the thought environment he inhabits," she said.
UK - Theresa May’s relationship with Angela Merkel is “almost non-existent” after six months in Downing Street, The Telegraph has learned. The apparent failure of Mrs May to engage the German chancellor is causing mounting concern in Whitehall as British negotiators gear up to trigger Article 50 and begin EU divorce talks in less than three months' time. The dismay among officials emerged amid a growing row over the resignation of Sir Ivan Rogers, the UK's top diplomat in Brussels, who quit this week warning of "muddled thinking" over Brexit. The level of concern among officials spoken to by the Telegraph reflects the growing chasm between Downing Street and Whitehall. "The relationship is basically non-existent which is a big worry," said a senior UK government source. “Mrs Merkel can't fix everything but she is still the only game in town when it comes to making things happen in Europe!”
EUROPE - A European Union leader has begged countries to stop holding referendums for fear of tearing the bloc apart. Slovakian Prime Minister Robert Fico has pleaded with the remaining 27 nations to cease giving citizens the power to decide their own future. Mr Fico pointed to the recent examples in the UK and Italy, which saw the countries turn away from the EU. Britain voted to leave the superstate - Brexit - while the Mediterranean nation’s future is uncertain after the Prime Minister Matteo Renzi resigned following Italians overwhelmingly rejecting his package of reforms.
GERMANY - As Germany struggles to respond to worsening attacks inspired by Islamic terrorists, the country’s top security official on Tuesday strongly advocated consolidating greater intelligence and security powers with the federal government, a taboo since World War II.