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What We Read Today 04 February 2017

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).

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Topics today include:

  • Matt Taibbi Says:  "Extreme Vetting, But Not For Banks."

  • Trefis Reviews the Energy and Utilities Sectors

  • DHS Suspends All Travel Ban Activities Pending Appeal of Federal Court Ruling

  • Trump Lambastes Federal Judge

  • Trump Resignations from Businesses Apparently Takes Time

  • Ivanka Trump Still is Listed on Business Documents

  • Trump Has Delivered for the Religious Right

  • All U.S. Tax Reform Options are on the Table

  • Weekly Review with Power Trading Radio, Emphasis of Dodd-Frank Reform

  • Romanian Protests Force Government to Abandon New Decree Decriminalizing Graft

  • Philippines Shuts Half of Nickel Mines for Environmental Reasons, Price Spikes

  • This Week's Real Time with Bill Maher

  • And More

Articles about events, conflicts and disease around the world

U.S.

The Trump Organization is now filing paperwork on President Trump’s resignation from his companies. As of 5:30 p.m., it has filed paperwork for at least 14 companies in Florida.

The documents, which we’ve posted, are dated Monday, Jan. 23.

During today’s press briefing, White House Strategic Communication Director Hope Hicks said that Trump has resigned from all his companies, but that the documents “are not public at this time.”

CNN also reported on a Trump Organization document, dated Jan. 19, in which Trump states his resignation from more than 400 companies. Trump can resign from his businesses with a private letter. But in order to complete the process, he needs to file with states, each of which has its own deadline.

None of these moves include divesting from his companies, which ethics experts say Trump should do.

  • Trump delivers for religious right (The Hill)  Religious conservatives’ gamble on President Trump is paying off.  The last several days have brought a slew of victories for evangelicals, many of whom set aside their reservations about Trump to back him during the presidential campaign.  From the nomination of Neil Gorsuch to the Supreme Court, to Trump’s affirmation of support for allowing tax-exempt churches to engage in politics, to the appointment of Liberty University President Jerry Falwell Jr. to an education task force, evangelicals are seeing the new president quickly deliver on a number of fronts.

  • Trump advisor Gary Cohn: All the options for tax reform are on the table now (CNBC)  Top White House economics adviser Gary Cohn told CNBC on Friday the Trump administration is doing everything possible to boost the economy and create jobs.  Cohn said business leaders are telling the White House that onerous regulations, high taxes and crumbling infrastructure are impediments to prosperity.

  • GOP rep escorted by police after town hall (The Hill)  A GOP lawmaker was escorted by police on Saturday as protestors, including those opposed to the Trump administration, showed up outside his town hall meeting.  Rep. Tom McClintock (R-Calif.) left the Tower Theatre in downtown Roseville, Calif., at approximately 11 a.m. while being accompanied by police, according to the Sacramento Bee.  The report noted that the event attracted hundreds of protestors who opposed the lawmaker and the new Trump administration, while the town hall itself drew more than 200 attendees.

  • Major Announcements with Dodd-Frank (Merlin Rothfeld and John O'Donnell, Power Trading Radio)  Major announcements with Dodd-Frank and an important Fiduciary regulation for financial advisors vaulted financial firms Friday. This may present some great trading opportunities going forward! They also talk about Iran dropping the US dollar, Gold and Oil.

Romania

  • Mass protests force Romania to scrap decree decriminalizing graft (Reuters)  Romania's prime minister said on Saturday he was scrapping a decree that would have shielded dozens of politicians from prosecution for corruption, bowing to one of the biggest protests since the fall of dictator Nicolae Ceausescu in 1989.  Sorin Grindeanu said the decree - which decriminalized several graft offenses in what the government said was a bid to relive pressure on the prison system - would be repealed on Sunday, just five days after is was approved by the cabinet.

Iran

  • Iran vows 'roaring missiles' if threatened, defies new sanctions (Reuters)  A Revolutionary Guards commander said Iran would use its missiles if its security is under threat, as the elite force defied new U.S. sanctions on its missile program by holding a military exercise on Saturday.  Tensions between Tehran and Washington have risen since a recent Iranian ballistic missile test which prompted U.S. President Donald Trump's administration to impose sanctions on individuals and entities linked to the Revolutionary Guards.  Trump's national security adviser Michael Flynn said the Washington was putting Iran on notice over its "destabilising activity", and Trump tweeted Tehran was "playing with fire".

Philippines

nickel.prices.2017.jan.feb.02

Other Scientific, Health, Political, Economics, and Business Items of Note - plus Miscellanea

  • Extreme Vetting, But Not for Banks (Rolling Stone)  Matt Taibbi says the "blood-sucking vampire squid planted on the face of humanity" still lives, and is now being fed by the Trump administration.

  • Energy & Utilities Sector (Trefis)  Trefis has contributed to GEI.  The table image below (click on table for larger image) is interactive if you follow the title link.


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