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Blackwater founder Erik Prince is pushing to privatize America’s costly war in Afghanistan — and going on cable TV to persuade Trump

“Prince first revived his proposal to privatize the Afghan war in a YouTube video published online in July” writes Ryan Pickrell for businessinsider.com. Now, against the advice of the Pentagon, he’s pushing to present the president with a plan to privatize the war in Afghanistan.Prince previously pitched his idea for the privatization of the Afghan war last August.While highly critical of the Afghan war, which was become a multi-generational conflict, Prince insisted that the US needed to return to the immediate post-9/11 strategy.”If we leave decisions on warfare solely to…

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US, China plot roadmap for meeting between Trump, Xi to resolve trade dispute: Wall Street Journal

“Chinese and U.S. negotiators are reportedly working on a plan to hold talks to end a trade dispute that would result in meetings between President Donald Trump and Chinese leader Xi Jinping at a summit in November, according to Dow Jones” writes Thomas Peter for cnbc.com. On Thursday, the two governments announced lower-level trade talks this month aimed at resolving an escalating tariff war that threatens to engulf all trade between the world’s two largest economies. Source: cnbc.com Share This:

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Report: Trump intrigued by ex-Blackwater chief’s Afghanistan strategy

“Trump remains committed to finding a political solution that would end the Afghanistan war, White House Press Secretary Sarah Sanders said earlier this week” reports washingtonexaminer.com. Leaving the Pentagon in charge of decisions on the war, Prince said, would mean only continuing conflict.President Trump is growing increasingly interested in a proposal from Erik Prince, the former head of Iraq War security firm Blackwater, to replace military personnel in Afghanistan with private contractors, NBC reported Friday. Source: washingtonexaminer.com Share This:

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Trump’s Risky War of Choice Against the Generals

“The real surprises are Robert Gates, a former CIA director and defense secretary, and David Petraeus, who also led the CIA” writes David A for theatlantic.com. This week, beset by bad news about Omarosa Manigault-Newman, President Donald Trump decided to launch a war of choice.The White House announced Wednesday that he had revoked security clearance for John Brennan, who was the CIA director under Barack Obama and has since become a leading Trump critic. Source: theatlantic.com Share This:

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News Stocks 

These posh stocks could fare relatively well in a trade war

“An all-out trade war could trigger a 30% slide in some European luxury stocks, it reckons” writes Markets Writer for marketwatch.com. If you’re tracking the global trade fights, this can’t feel like a great time to own European companies that export posh goods.All of them would face challenges in a full-blown trade war.In addition, the luxury sector’s stocks are trading at a higher-than-usual premium to the broad market—roughly 70%, versus a historic average around 40%—Brand and her colleagues note. Source: marketwatch.com Share This:

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On Thursday, Beijing announced a new round of trade talks with Washington. The talks, confirmed by Trump’s economic advisor, Larry Kudlow, are a step in the right direction, but don’t hold your breath for an agreement.

“In short, the announcement of trade talks is good” reports washingtonexaminer.com. The talks, confirmed by Trump’s economic advisor, Larry Kudlow, are a step in the right direction, but don’t hold your breath for an agreement.On Thursday, Beijing announced a new round of trade talks with Washington.Despite the high stakes, this particular round of talks is unlikely to yield a new agreement or end the trade war.The talks, scheduled for late August, come as the U.S. and China are increasingly at odds with each other over the U.S.-initiated trade war. Source: washingtonexaminer.com…

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Boeing’s stock rallies after UBS turns bullish, adds over 100 points to Dow’s price

“The stock’s price gain of $14.83 added about 101 points to the Dow Jones Industrial Average’s DJIA, +1.66% price, which was up 421 points” writes Reporter Editor for marketwatch.com. Walton raised his rating to buy from neutral, and boosted his stock price target to $515, which is 49% above current levels, from $357.”We believe [Boeing] shares carry the best upside in the sector with much of the cash growth and margin expansion story set to be unlocked…,” Walton wrote in a note to clients.”Our proprietary fleet intentions survey and our…

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Trade war should ‘really concern’ Apple investors, hedge fund manager Dan Niles warns

“Niles, who is underweight or short the stock depending on his particular portfolio, sees the impact directly affecting iPhone sales” writes unknown author for cnbc.com. However, Cook didn’t provide details about how tariffs could directly impact Apple.Niles, founding partner at AlphaOne Capital Partners, is worried the China trade war could hit the iPhone maker’s bottom line and shock investors who are capitalizing on its record run. Source: cnbc.com Share This:

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