Stock Market Takes A Dip Among Trump Controversies

You might want to invest in gold

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Thanks to this week’s litany of Trump controversies—from the repercussions over Comey’s firing to Trump’s admission of leaking classified information and his request to end the FBI’s investigation into Michael Flynn—U.S. stocks have taken a bit of a tumble. According to Bloomberg Markets, the U.S. stock market has dipped to its lowest point since March. By Wednesday, the Dow Jones Industrial Average saw a 250-point loss with the American dollar dropping in value for six consecutive days.

Persistent denial from White House staff only added fuel to the economic fire, causing alarm among investors. As Oanda senior trader Stephen Innes told CNN Money, “The inflammable allegations have spooked both currency and equity markets. Foreign exchange dealers are in flat out sell-the-dollar mode.” By Tuesday, the dollar’s value plummeted to levels economists haven’t seen since the turbulent days immediately following Trump’s electoral win, effectively becoming weaker in comparison to other currencies.

White House controversies combined with Europe’s recent economic growth have put American stocks in dangerous territory, CNN Money reports. What’s more, economists have been disenchanted by Trump’s failure to follow through on the tax-cutting, infrastructure-boosting campaign promises they once hoped could be a boon to the economy. Equity sales trader Michael Antonelli told MarketWatch, “The big selloff in banking stocks suggests that the market now believes that no tax or regulatory reforms are coming.”

According to several experts, there’s a good chance the U.S. stock market can recover as long as the White House manages to avoid further scandal. Now might be a good time to consider investing in gold.

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Sin City is doing something good for its less fortunate citizens as well as those who've broken the law this month. The city of Las Vegas, Nevada will drop any parking ticket fines for those who make a donation to a local food bank.

A parking ticket can cost up to $100 in Las Vegas but the whole thing can be forgiven by bringing in non-perishable food items of equal or greater value to the Parking Services Offices at 500 S. Main Street through December 16.

The program is designed to help the less fortunate during the holidays.

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However, all of that has changed since the election of Donald Trump in 2016. Voters in Maine, particularly those who lean left, have run out of patience with Collins and her seeming refusal to stand up to Trump. That frustration peaked with the nomination of Brett Kavanaugh to the Supreme Court.

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Alexandria Ocasio-Cortez, a leading voice in the Democratic parties progressive, Democratic Socialist wing, is expected to endorse Sanders' campaign at the "Bernie's Back" rally in Queens, New York this Saturday.

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The U.K. is trying to reach its goal of net-zero emissions by 2050, but aviation may become the biggest source of greenhouse gas emissions in the U.K. by that same year. A new study commissioned by the Committee on Climate Change (CCC) and conducted at the Imperial College London says that in order for the U.K. to reach its target, aviation can only see a 25% increase, and they've got a very specific recommendation on how to fix it: Curb frequent flyer programs.

Currently, air travel accounts for 2% of global greenhouse gas emissions, however that number is projected to increase for several reasons. There's a growing demand for air travel, yet it's harder to decarbonize aviation. Electric cars are becoming more common. Electric planes, not so much. If things keep on going the way they are, flights in the U.K. should increase by 50%.

Nearly every airline in the world has a frequent flyer program. The programs offer perks, including free flights, if customers get a certain amount of points. According to the study, 70% of all flights from the U.K. are taken by 15% of the population, with many people taking additional (and arguably unnecessary) flights to "maintain their privileged traveler status."

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