Today's Intel

Apr. 28, 2017

BLOOMBERG

President Donald Trump said a "major conflict" with North Korea was possible if diplomatic solutions fail, although Senator John McCain said the U.S. leader understood that military action was a last resort.

The U.S. economy expanded at the slowest pace in three years as weak auto sales and lower home-heating bills dragged down consumer spending, offsetting a pickup in investment led by housing and oil drilling. Gross domestic product, the value of all goods and services produced, rose at a 0.7 percent annualized rate after advancing 2.1 percent in the prior quarter.

The State Department plans to cut 2,300 U.S. diplomats and civil servants -- about 9 percent of the Americans in its workforce worldwide -- as Secretary of State Rex Tillerson presses ahead with his task of slashing the agency's budget, according to people familiar with the matter.

In an interview Thursday with Bloomberg Television, Homeland Security Secretary John Kelly said there are spots along the border where a wall can't be built because of the terrain. Still, the administration is committed to building a "physical barrier" as much as possible, he said.

Severe power cuts in the Gaza Strip are forcing a showdown between the two main Palestinian political groups, as the World Bank warns of a looming "humanitarian crisis" in the territory.

India will overtake Germany in 2022 as the world's fourth-largest economy and push Britain out of the top five, based on analysis of growth projections by the International Monetary Fund. But the challenges the South Asian nation must surmount to get there are many.

House GOP leaders aren't ready to hold a vote this week on their stalled health-care bill, despite intense pressure from the White House to deliver on a long-promised repeal of Obamacare.

AP Top Stories

Massachusetts Sen. Elizabeth Warren said Thursday that she's troubled by former President Barack Obama's accepting a $400,000 speaking fee from a Wall Street firm.

The White House has assured Democrats it will continue to fund a key portion of Obamacare, clearing the way for negotiations on a series of spending bills to avoid a government shutdown, according to two sources familiar with the decision.

The American Civil Liberties Union is condemning the threats that forced Ann Coulter to cancel her speech at the University of California, Berkeley. "The unacceptable threats of violence that have led to the 'hecklers' veto' of Ann Coulter's speech at Berkeley are inconsistent with free speech principles that protect us all from government overreach," David Cole said.

US personnel were killed overnight in the Nangarhar province, on the border with Pakistan. The soldiers were killed while fighting Isis-Khorosan, the local affiliate of the terror group. This is the "same general area" - southern Nangarhar province - where the massive ordnance air blast, dubbed the "mother of all bombs" (MOAB) was dropped earlier this month.

Southwest Airlines plans to stop overbooking flights - an industry practice implicated in an ugly incident on a United Airlines flight that has damaged United's reputation with the flying public.

President Donald Trump has signed an executive order that critics say could lead to the removal of decades' worth of federal land protections. The order directs Interior Secretary Ryan Zinke to review the lands previously designated as monuments, and suggest changes. Critics say this will allow the Trump administration to roll back protections that prevent drilling, mining and logging on the public land.

Turning to diplomacy after flexing military muscle, the United States will urge the U.N. Security Council on Friday to increase economic pressure on North Korea over its nuclear weapons program, leaning on China in particular to turn the screws on its wayward ally.

Liberian health authorities are taking rapid precautionary steps after eight people died of a mystery illness, the World Health Organization said on Wednesday, 10 months after the end of a catastrophic two-year Ebola virus outbreak.

Google will begin marking HTTP pages where users can enter data as "not secure" in its Google Chrome browser come October.

A Mexican man who once sought sanctuary from deportation in a Colorado church was detained by federal immigration agents Wednesday morning as he went to a warehouse to get tile to install on a job, his wife said Wednesday.

A dozen people have been found stuffed inside a closet-sized cell hidden behind a book shelf in a Philippine police station, triggering further alarm about abuse under President Rodrigo Duterte's deadly war on drugs.

BBC

Female Islamic clerics in Indonesia have issued an unprecedented fatwa against child marriage. The fatwa, which is not legally binding but will be influential, was issued after a three-day congress of female clerics in the country. The clerics urged the government to raise the minimum legal age for women to marry to 18 from the current 16.

Tanzanian President John Magufuli has sacked nearly 10,000 civil servants for having fake education certificates.

Brazilian cities went into partial shutdown on Friday as the country observed its first general strike in more than two decades.

Pope Francis is in Egypt on a visit aimed at improving Christian-Muslim dialogue, three weeks after bombings at two Coptic churches killed 45 people.

WND

Authorities in China's Xinjiang region are prohibiting parents from giving children some Islamic names in the latest effort to dilute the influence of religion on life in the ethnic Uighur minority heartland. "Muhammad," "Jihad" and "Islam" are among at least 29 names now banned in the heavily Muslim region.

A state legislator from Manhattan has introduced a bill that would nullify gun rights from those convicted of hate crimes, even those involving nonviolent, and misdemeanor offenses. If successful, New York would become the seventh state to implement such a law.

Add new comment

Plain text

Pages

CHECK OUT THE ENTIRE MCALVANY NETWORK

McAlvany Weekly Commentary provides investors with valuable monetary, economic, geo-political and financial information that cannot be found on Wall Street. Your host David McAlvany presents a solid strategy of wealth preservation for your financial and retirement assets while living in an unstable economy.

Through its client focused, customized approach, MWM is committed to providing independent, well-researched, objective advice, and investment professionalism. At MWM, our client commitment is to preserve capital, manage risk, and grow your assets in an ever-changing global environment.

At International Collectors Associates (ICA), we specialize in the sale of bullion, semi-rare U.S. and European gold coins and secure offshore storage in Switzerland for your precious metals. Our highly trained and experienced advisors strive to help you in customizing solid strategies of wealth preservation for your financial and retirement assets.

McAlvany Financial Group

The McAlvany Financial Group has a contrarian, in-depth approach to its analysis, allowing the company to avoid decisions based on emotion, and thus combine maximum risk mitigation with consistent real growth for its clients’ investments. Integrity, attentiveness, and longevity have characterized the company’s client relationships since 1972.