News 

American Airlines says it has fixed the computer glitch that forced its regional airline to cancel more than 2,000 flights

“The issue began last Thursday, June 14, as an unknown IT glitch caused the American Airlines subsidiary PSA Airlines to halt all flights to and from Charlotte-Douglas International Airport” writes Brian Pascus for businessinsider.com. According to the airline’s statement to Business Insider, a total of 2,750 fights were canceled since the issue began last Thursday. Source: businessinsider.com Share This:

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Homeland Security press secretary fired back at United and American Airlines after they told the US government not to fly children separated from their parents on their planes

“Department of Homeland Security press secretary Tyler Houlton responded on Wednesday to American Airlines, Frontier Airlines, and United Airlines after the airlines said in separate statements they had told the United States government to refrain from flying migrant children separated from their families on their aircraft” writes Mark Matousek for businessinsider.com. Houlton criticized the airlines, saying they did not understand US immigration laws and were making decisions based on “a false media narrative.”. American, Frontier, and United have not found evidence that the federal government had placed migrant children who…

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Hair Club expanding North American HQ to renovated Boca office building

“Hair Club, the omnipresent hair restoration and replacement company, is expanding its North American corporate headquarters to a four-story office building in Boca Raton” writes David Lyons for sun-sentinel.com. Ownership changed hands again in 2012, when Regis sold Hair Club to Aderans, a Japanese hair restoration company.The company was sold in 2004 to Regis Corp., a worldwide hair salon company.For years, Hair Club promoted its services on television, with ads and infomercials featuring company founder Sy Sperling. Source: sun-sentinel.com Share This:

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China blasts new US tariff threat, warns it will retaliate

“China responded to the U.S. announcement Friday of a 25 percent tariff on $34 billion of Chinese goods by imposing an identical charge on the same amount of American goods” writes The Associated Press for seattletimes.com. The Commerce Ministry criticized Trump’s order for new tariffs on $200 billion of Chinese goods as blackmail.That would leave about $120 billion available for a tariff hike, falling short of Trump’s $200 billion target.Trump’s announcement fueled fears that economic losses, limited so far to companies hit by U.S. or Chinese tariff hikes, might spread…

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‘Belligerent’ US trade stance could hurt America’s iconic companies the most, Jim O’Neill says

“America’s biggest and most iconic companies will be the ones to suffer if the U.S. plows ahead with trade tariffs on China, renowned economist Jim O’Neill told CNBC on Tuesday” writes Brent Lewin for cnbc.com. “In the Chinese regard, more and more of that (growth) is coming from the Chinese consumer.”. “So if the U.S. is going to go attacking more and more important places in terms of trade fights, there’s no way that U.S. big multinationals are going to grow.”. He added that China and the U.S. had been…

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News Oil 

The natural gas revolution is a uniquely American story

“A study by PricewaterhouseCoopers showed that U.S. oil and natural gas industries supported 10.3 million jobs in 2015” reports washingtonexaminer.com. The story of the shale revolution is not just the scuttled claims that we’re running out of energy resources.Rapidly growing exports of domestic crude oil, petroleum products, and liquefied natural gas have already begun to reduce the U.S. trade deficit.The shale of the shale revolution is what petroleum geologists call the “source rock” — a kind of cradle in which crude oil and natural gas are formed over millions of…

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Fall of the American Empire

“The U.S. president is demanding that law enforcement stop investigating his associates and go after his political enemies instead” reports nytimes.com. It was also about ideals: America stood for something larger than itself — for freedom, human rights and the rule of law as universal principles. Source: nytimes.com Share This:

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Markets News 

Trump’s trade antics are encouraging protectionism around the world

“If we want to continue to be a leader on trade, we need to speak the language of free trade and investment” reports washingtonexaminer.com. Much of this policy comes from an aging view of international trade. “American” cars are no longer made exclusively in the U.S., from exclusively American parts by exclusively American workers.America continues to be the leader of the free world, but every word and deed from President Trump’s administration is closely watched by our trading partners. Source: washingtonexaminer.com Share This:

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Bourbon, America’s native spirit, is caught in the cross hairs of Trump’s trade war with China

“In the wake of tit-for-tat tariffs, America’s beloved liquid spirit is caught in the crosshairs of Washington’s escalating trade battle” writes unknown author for cnbc.com. In a collective strategic political punch, China, Mexico, Canada and the European Union have all slapped tariffs on America’s booming bourbon industry. Source: cnbc.com Share This:

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