Best Of The Web
“There will be winners and losers in the stock market following Republicans and Democrats splitting Congress in the 2018 midterm elections.
The big winner could be the stock market overall as a hamstrung government leaves in place much of what President Donald Trump has accomplished, but also keeps in check on some of his more extreme actions like trade battles. Stock futures pointed to a triple-digit gain for the Dow Jones Industrial Average on Wednesday.
Industrial and materials stocks could be among the best performers on speculation politicians can broker an infrastructure deal, Wall Street analysts and strategists speculated before the election. Drug stocks could come under pressure on a bipartisan plan to rein in drug prices.
A check on trade tensions: Good for stocks
With Democrats controlling the lower chamber of a split government, Trump could be forced to soften his aggressive trade strategy with China. The trade war between the two nations has roiled markets and often left investors on edge about the future between the world’s two largest economic powerhouses.
Shares of Caterpillar and Boeing, two multinationals that have taken a hit from Trump’s trade war with China, rose in premarket trading Wednesday.”
JJ Best Of The Web
"You are being watched. Right now, cookies are tracking which websites you visit and what you click on while you’re there. Your smartphone is logging your location."
"The US placed sanctions on 17 Saudis on Thursday as punishment for their alleged involvement in the murder of Saudi journalist and US resident Jamal Khashoggi... according to experts, the move doesn’t go far enough to reprimand the kingdom."
"If the slow-motion crisis that is Gaza ever has a turning point, then this week’s deal between Prime Minister Benjamin Netanyahu’s government, or what’s left of it, and Hamas leaders, under siege, is what the turning would look like."
"Nicholas Parisi's new biography, 'Rod Serling: His Life, Work, and Imagination,' fails to present a complete picture of the legendary screenwriter who did his best work outside the TV show that made him famous."
"Nearly a year after the tax cut, economic growth has accelerated. Wage growth has not. Companies are buying back stock and business investment is a mixed bag."
"By shifting accents, Australian expatriates are seen to be shifting class and status, indicating a sense of superiority to those who remain in Australia. The quickly acquired faux-British accent in particular has been associated with pretension..."
"Denim, usually in the form of the humble pair of jeans, is arguably the world’s most popular fabric. Over the years, it’s been worn by everyone from supermodels to soccer moms."
"Capitalism disadvantages women along several axes. The dawn of the industrial revolution enshrined a division of labor that largely confined them to the domestic sphere."
"In the past five or so years, hosting a Thanksgiving meal among friends a week before the actual holiday has become a standard part of the celebration for many young adults."
"Are these business owners trying to keep out certain customers? What about children? Or people who are paid in cash, or others who, for whatever reason, can’t or won’t open a bank account..."
"Humanity is on the verge of a weighty achievement. On Friday, representatives of more than 60 nations will convene in Versailles, France, to approve a new definition for the kilogram."
"...the more modern form of the movement has its roots in late 19th-century Europe... The sole focus of some missions based in England and the U.S. was the conversion of the Jews to Christianity..."