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Saudi King Removes Crown Prince in Shocking Move

Jun 21, 2017, 12:28 pm EDT

Saudi King Salman has removed Crown Prince Muhammad bin Nayef from the line of succession.

The move from the Saudi King has Prince Mohammed bin Salman taking on the title of Crown Prince and also puts him next in line for succession. This resulted in the previous Crown Prince being relived from all of his positions.

Newly-appointed Crown Prince Mohammed bin Salman is the son of the Saudi King. The previous Crown Prince is his cousin. The change in power went smoothly and it doesn’t appear there will be a conflict from it. It also got the approval from 31 of 34 members of the Allegiance Council, which weighs in on matters of succession. Read 

Trump’s Cuba Policy: 7 Key Highlights

Jun 16, 2017, 3:29 pm EDT

President Trump’s Cuba policy was outlined Friday. Source: Shutterstock

There will be several major changes to our relationship with Cuba, as well as some things that will remain the same. Here are seven highlights:

    The POTUS will ensure that Cuba is responsible for Castro’s crime under his regime. This means that Trump will not be as friendly with the Caribbean nation as Obama was during the last couple of years of his tenure. “I am canceling the last administration’s completely one-sided deal with Cuba,” Trump said. There will be further enforcement upon the authorized exemptions that allow travel between US and Cuba and ban trade with Cuban businesses that are owned by the military. Secretary of State Rex Tillerson will build a task force that will help expand Internet access in Cuba. Trump will also work against the United Nations’ plans to lift the Cuban embargo with the intent of only allowing it when more is done to improve human rights in Cuba. Some things will remain the same, such as diplomatic relationships between the two nations, as well as the operation of the embassies in Washington and Havana.

The opinions contained in this column are solely those of the writer.
 
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Democrats Sue President Trump Over Unconstitutional Business Practices

Jun 14, 2017, 1:43 pm EDT

Democrats have filed a lawsuit against Donald Trump, citing unconstitutional business practices. Source: Trump Gage Skidmore via Flickr (Modified)

So far, 196 members of of Congress — 30 from the House and 166 from the House — have joined in on a lawsuit that alleges the POTUS has accepted foreign gifts and payments since taking office in January.

The practices breach the Constitution’s emoluments clause, which bans government officials from accepting foreign gifts or payments without consent from Congress. The suit will be filed today with the U.S. District Court. Read 

Why Is Dennis Rodman in North Korea (Again)?

Jun 13, 2017, 3:40 pm EDT

Dennis Rodman is returning to North Korea, but the reasoning behind his trip is unclear.

The former Chicago Bulls star unveiled on Tuesday that he was returning to the Asian country, and added that he is in a mission. “I’m back!” Rodman shared while wearing a shirt for his sponsor.

The sponsor in question is PotCoin.com, which is a marijuana banking service that is funding Rodman’s “mission,” even though none of us know what that means. However, there is some speculation surrounding his return. Read 

Trump Workforce Development Week: 6 Things to Know

Jun 12, 2017, 3:01 pm EDT

Kicking off this Monday, it’s Trump workforce development week. Source: Shutterstock

The next few days are designed to improve the labor situation in this country. Here are six things you should know about it:

    The series of initiatives that will take place over the coming week will help streamline federal job training programs, while also adding more apprenticeship programs that will stimulate the economy and reduce unemployment rates. Leading the charge during Trump workforce development week will be the POTUS’ daughter Ivanka. The general plan is to make current labor development programs more efficient, while also re-organizing current development programs. The country currently has 43 job training programs across 13 different government agencies, tallying up to $16.7 billion a year in government funding. Some of these programs are not being as effective as the government would like. The POTUS and Ivanka will meet up with Labor Secretary Alexander Acosta at Waukesha County Technical College in Wisconsin for a roundtable discussion with Wisconsin Gov. Scott Walker and local business owners. About 15 CEOs will take part in a conversation in the White House on Wednesday, led by Ivanka.

The opinions contained in this column are solely those of the writer.
 
Want to share your own views on money and politics? Drop us a line at letters@investorplace.com and we might reprint your views in our InvestorPolitics blog! Please include your name, city and state of residence. All letters submitted to this address will be considered for publication. Read 

Puerto Rico Votes ‘Yes’ to Become 51st U.S. State

Jun 12, 2017, 1:25 pm EDT

Puerto Rico held a vote on Sunday to determine if its citizens were in support of becoming a U.S. state.

The voting on Sunday saw 97% of voters agree that Puerto Rico should become the next state to join the United States. Governor Ricardo Rosselló is planning to use the positive results from the election to try and convince Congress to make the U.S. Territory into a state.

Rosselló is likely going to have a tough fight on his hands at convincing Congress to make Puerto Rico a state. The first problem is the low voter turnout. Only 23% of the population living on the island actually showed up to vote yesterday. Read 

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