Peter, the Department of the Interior has laid out a proposal to open most of the coastal areas of the United States to exploratory drilling for
gas and oil – including the waters off the coast of Maine.

I want to be clear on my position here. It’s very simple: The potential benefits of oil drilling off Maine are minimal. The risks could be devastating.
From tourism to the lobster industry, Maine’s oceans are a major economic engine for the state – but that engine relies on healthy oceans.

Can you imagine the impact of pictures on the national news of oil-soaked lobsters? Can you imagine tourists flocking to oil-soaked beaches?
And what would be the gain here? Oil pumped into international oil tankers that will disappear over the horizon – with negligible revenue for
Maine?

This is an easy one.
That’s why I’ve joined Sen. Susan Collins and the entire Maine congressional delegation in coming out against it. It’s why I’ve been working
steadfastly to make Maine’s concerns known. And it’s why I’m writing today to ask you to join me in taking a stand against oil drilling off the
coast of Maine.

Please, Peter, add your name: Tell Congress not to allow oil drilling off the coast of Maine!

The impact of this decision could have ramifications for generations of people in Maine. If the overwhelming response my office has received is
any indication, people all over our state are deeply opposed to this proposal.

Scores of people even braved a blizzard to travel to Augusta and testify against this proposal.
I am deeply concerned about our economy and our communities. We all know mistakes happen, and a single mistake in oil drilling could
permanently compromise livelihoods. Trust me, I’m making plenty of noise about this in Washington, and I’m hoping you’ll add your voice.

Join me in standing up against this dangerous proposal – and defending Maine’s economy against offshore drilling.
Thanks for standing up for Maine communities.
Angus


Paid for by the Angus King for U.S. Senate Campaign

Angus King for U.S. Senate Campaign
PO Box 368
Brunswick ME 04011 United States
12 KNIGHTS OF 2018 CHESS
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HALF DOME  of Yosemite National Park
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5 Minute Overview of the Half Dome Trail
ENTIRE Trail - In RealTime: From the Happy Isles Trailhead in the Yosemite
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BEST of Trail - The Highlights: Sections of the trail of the most scenic areas
from Happy Isles Trailhead to the Top of Half Dome on a sixty-two minute DVD.
Entire Half Dome Trail (up)
5 DVDs  /  7 mile trail in 4 hrs. 40 min.
Entire HALF DOME TRAIL (up) 5 DVDs
Best of HALF DOME TRAIL (up) 1 DVD
Best of Half Dome Trail (up)
1 DVD  /  62 minutes
* Entire Trail from Trailhead
...to Final Destination in Real-Time.

* Also in a 1-hour Highlighted Version.

** Virtual Sightseeing within
.....Breathtaking Yosemite Scenery.

** Visual Trailguide for Trip Planning
.....with On-Screen Mileage, Elevation
.....and Timing.

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.....Adventures.

** Scenic and Motivational Workout
.....Video while Exercising.

** Easy Listening Music
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** Trail Maps included.
Entire Half Dome Trail (up)
5 DVDs  /  7 mile trail in 4 hrs. 40 min.
Entire and Best of HALF DOME TRAIL (up) 5 + 1 DVDs
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* 1 DVD, 62 minutes.
* Entire Trail in Real-Time.
* Most
Detailed & Real.
* Best for Virtual Walking.
* Visual Trailguide.
* Motivational Exercise Video.
* Mileage, Time & Elevations.
* Trail Map Included.
* 5 DVDs, 4 hrs. 40 min.
* Entire Trail in Real-Time.
* Most
Detailed & Real.
* Best for Virtual Walking.
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* Mileage, Time & Elevations.
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* 5 DVDs, 4 hrs. 40 min.
*
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1.
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to the Summit of Mt. Whitney, at 14.496 feet the highest peak
in the Lower 48 States. 6 DVDs, 6 hrs. 11 min.
BEST of Trail - The Highlights:
Sections of the trail from trailhead to summit. 1 DVD, 60 minutes.
* Entire Trail from Portal Trailhead
...to Mt. Whitney Summit in Real-Time.

** Virtual Sightseeing within Majestic
.....High Sierra Scenery.

** Visual Trailguide for Trip Planning
.... with On-Screen Mileage, Elevation
.....and Timing.

** Re-Living Your Own Mt. Whitney
.... Adventures.

** Motivational and Scenic Workout
.....Video while Exercising: "Hike" and
Conquer Mt. Whitney in 6 Hours,
or Train for Backpacking.

** Easy Listening Music
for Meditation and Relaxation.

* Trail Map Included.

* Also in 1-Hour Highlighted Version.
* Entire Trail in Real-Time.
* Most
Detailed & Real.
* Best for Virtual Walking.
* Visual Trailguide at 1.8 mph
* Motivational Exercise Video.
* Mileage, Time & Elevations.
* Trail Map Included.
* 6 DVDs, 6 hrs. 11 min.
Entire MT. WHITNEY TRAIL (up) 6 DVDs
* Highlights in Real-Time.
* The most scenic areas.
* Visual Trailguide
* Mileage and Elevations.
* Trail Map on Front Cover.
* 60 minutes playing time.
Best of Mt. Whitney Trail (up)
1 DVD  /  60 min.
Entire Mt. Whitney Trail (up)
6 DVDs  /  10.7 miles in 6 hrs. 11 min.
MT. WHITNEY TRAIL  Sierra Nevada
$42.00 + FREE S&H
$18.00 + FREE S&H
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SIERRA NEVADA'S ENTIRE MOUNT WHITNEY TRAIL ON DVDs
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Arizona
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Hiking the Trails of the Grand Canyon - at Home!
BEST of Trails - The Highlights:
Sections of the trails of the most scenic areas from trailhead to final destination on
1-hour videos.

ENTIRE Trails, Continuous and Uninterrupted - In RealTime:
All of the Grand Canyon "Corridor Trails" (Bright Angel, North and South Kaibab) have
been captured on video while hiking these trails at speeds of 1.8 mph to 2.5 mph.
* Entire Trails from Trailhead
...to Final Destination in Real-Time.

* Also in 1-hour Highlighted Versions.

** Virtual Sightseeing within Majestic
.....Mountain and Canyon Scenery.

** Visual Trailguide for Trip Planning
.....with On-Screen Mileage, Elevation
.....and Timing.

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.....Adventures.

** Scenic and Motivational Workout
.....Video while Exercising.

** Easy Listening Music
for Meditation and Relaxation.

** Trail Maps included.
Best of South Kaibab Trail (up)
1 DVD  /  60 minutes
Entire Bright Angel Trail
Best of Bright Angel Trail (down)
1 DVD  /  61 minutes
Best of North Kaibab Trail (down)
1 DVD  /  62 minutes
Best of South Kaibab (down)
1 DVD  /  62 minutes
5 Minute Overview of the Bright Angel Trail
5 Minute Overview of the North Kaibab Trail
5 Minute Overview of the South Kaibab Trail (dn)
5 Minute Overview of the South Kaibab Trail (up)
Entire Bright Angel Trail (down)
6 DVDs  /  10.7 miles in 5 hrs 22 min
Entire North Kaibab Trail (down)
6 DVDs  /  14.2 miles in 6 hrs 20 min
Entire South Kaibab Trail (down)
4 DVDs  /  7.4 miles in 3 hrs 39 min
Entire South Kaibab Trail (up)
4 DVDs  /  7.4 miles in 4 hrs 1 min
$48.00 + FREE S&H**
$18.00 + FREE S&H**
$42.00 + FREE S&H**
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Teddy Roosevelt on Bright Angel Trail
Video continues on.....
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Excellent Manners,
Makes & Keeps Friends
Very Hard Work
Luxury & Goodies,
Romantic, Loving,
Sexy & Loyal Partners.
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NEVADA
La maire de Paris Anne Hidalgo a été élue présidente du C40, qui réunit 85 grandes villes mondiales mobilisés pour le défi climatique.

La maire de Paris Anne Hidalgo (PS) se construit une stature internationale. Elle vient d'être élue présidente du C40, le Cities Climate Leadership
Group, qui regroupe 85 grandes villes mondiales - peuplées au total de plus de 600 millions de personnes - mobilisées pour le défi climatique. La maire
de Paris avait présenté sa candidature début avril, et il y avait peu de doutes quant à son élection à la tête de l'institution. Les maires « de New York,
Londres, Tokyo, Sydney, Johannesburg, Mexico, Pékin, Washington, Madrid, Séoul, Buenos Aires, Stockholm, Quito, Vancouver ou encore
Copenhague » soutenaient en effet la candidature d'Anne Hidalgo depuis le début.

Inclusion sociale

Se disant honorée d'être élue, la maire de Paris a détaillé ses objectifs à la tête de l'institution : « qu'il s'agisse du défi climatique, de l'inclusion sociale
ou de l'accueil des réfugiés, nos villes sont en première ligne et plus que jamais, nous avons besoin d'unir nos forces », a-t-elle indiqué. Comme
mesures concrètes, elle a d'ores et déjà annoncé qu'elle initierait « un appel à projets d'urbanisme innovants » à l'échelle des villes du C40, sur le
modèle de Réinventer Paris. Elle compte ensuite « travailler avec les meilleures startups des villes du C40 pour généraliser les solutions les plus
pertinentes en matière de qualité de vie en ville », et enfin favoriser de « nouveaux investissements pour financer l'action des villes durables et
résilientes ».

Première femme présidente du C40
Elle estime en effet que « les grandes capitales du monde ont un rôle central dans la conception et la mise en œuvre de solutions innovantes en faveur
d'un développement plus harmonieux ». Anne Hidalgo est par ailleurs la première femme à devenir présidente du C40, après Ken Livingstone, maire de
Londres (2005-2008), David Miller, maire de Toronto (2008-2010), Michael Bloomberg, maire de New York (2010-2013) et Eduardo Paes, maire de Rio
de Janeiro (2013-2016). De quoi cumuler de sérieux arguments dans l'optique d'un plus grand destin national lors de la prochaine décennie ?



TRANSLATED BY BING:

The Mayor of Paris Anne Hidalgo was elected Chair of the C40,
which brings together 85 cities worldwide mobilized for the climate challenge.

The Mayor of Paris Anne Hidalgo (PS) builds an international stature. She has just been elected President of C40 Cities Climate Leadership Group,
which brings together 85 major world cities - populated total more than 600 million people - mobilized to the climate challenge. The Mayor of Paris had
submitted his candidacy early April, and there's little doubt about his election to the head of the institution. The mayors «of New York, London, Tokyo,
Sydney, Johannesburg, Mexico City, Beijing, Washington, Madrid, Seoul, Buenos Aires, Stockholm, Quito, Vancouver or even Copenhagen» indeed
supported Anne Hidalgo candidacy from the beginning.


Social inclusion


Claiming to be honoured to be elected, the Mayor of Paris has detailed its objectives at the head of the institution: "that whether the climate challenge,
social inclusion or the reception of refugees, our cities are in the front line and more than ever, we need to unite our forces", she said. As concrete
measures, it already announced that it would initiate "a call for innovative town planning projects" at the level of the C40 cities, on the model of
reinventing Paris. It then intends to "work with the best startups of the C40 cities to generalize the most relevant solutions in quality of life in the city",
and finally to promote "new investments to finance the action of sustainable and resilient cities".


First woman Chair of the C40

It considers indeed that "the great capitals of the world have a central role in the design and implementation of innovative solutions for a more
harmonious development". Anne Hidalgo is also the first woman to become President of the C40, after Ken Livingstone, Mayor of London (2005-2008),
Mayor of Toronto David Miller (2008-2010), Michael Bloomberg, Mayor of New York (2010-2013) and Eduardo Paes, Mayor of Rio de Janeiro (2013-
2016). What earn serious arguments in the context of a larger national destiny during the next decade?
China’s largest hotel company is coming hard after France’s largest.

Paris-based AccorHotels is reportedly searching out for an investor to stave off a takeover by Shanghai-based Jin Jiang International Hotels, which
currently has an almost 16-percent stake in AccorHotels, a percentage it is looking to boost.

The French government could come to its rescue. Reports have surfaced that a number of French ministers are backing a plan for the government
to take a stake in the company, as it tries to rebuff the foreign takeover.

AccorHotels also is believed to have approached China’s HNA Group, which earlier this year acquired Carlson Rezidor Hotel Group and is currently
embroiled in a shareholder proxy fight over NH Hotel Group, as it faces joining the current M&A trend and potentially becoming part of a company to
rival the combined Marriott International and Starwood Hotels & Resorts Worldwide.

AccorHotels has a joint venture with China Lodging, but is thought to have turned to HNA Group given its recent interest in the sector.

Legally Speaking

AccorHotels strategy to enlist another investor is due in part because of its lack of legal recourse. In 2014, the French government extended a 2005
decree to state that foreign buyers must get the support of the economy ministry when they planned to invest in French firms engaged in energy,
transport, water, health or telecoms. Although AccorHotels could possibly sell a case for its role in transport, it is unlikely and difficult.

While AccorHotels is not itself a protected company, it is thought that the French authorities are eager to apply pressure to ensure that Jin Jiang
limits its shareholding and voting rights for an agreed number of years, in return for a place on the board. While this keeps Jin Jiang at bay, it still
gives it access to company strategy—strategy it may not wish rival Louvre Hotels Group, which Jin Jiang also owns, to be privy to.

Jin Jiang now has 15.6 percent of AccorHotels shares and, according to reports in the local press, is courting Colony Capital and Eurazeo to buy their
combined 11.8-percent stake at EUR45 per share (at the time of writing, the shares were at EUR40.25, having risen over 3 percent on the rumors). It
is understood that the pair will not sell out to Jin Jiang without the board approval from AccorHotels.

Jin Jiang began 2016 with a stake of 5.5 percent and rumors suggest that the company is now looking to up its stake to as much as 29 percent, which
would trigger a public offer. There has, as yet, been no comment from Jin Jiang, which was expected to clarify its expectations after raising its stake in
April.

While HNA is reportedly being courted, speculation suggests that AccorHotels CEO Sebastien Bazin is hedging his bets and has approached a group
of Qatari investors.

Changes to outward-direct-investment rules in China have seen a rapid increase in the involvement of Chinese firms in the latest spate of M&A in the
sector. This saw Marriott International’s merger with Starwood Hotels & Resorts almost derailed by insurance group Anbang, but could yet see the
face of the sector changed permanently.

Read more on ILHA SmartBrief                                                                         
World Tourism Organization
From Wikipedia, the free encyclopedia


The United Nations World Tourism Organization (UNWTO) is the United Nations agency responsible for the promotion of responsible, sustainable and
universally accessible tourism. It is the leading international organization in the field of tourism, which promotes tourism as a driver of economic
growth, inclusive development and environmental sustainability and offers leadership and support to the sector in advancing knowledge and tourism
policies worldwide. It encourages the implementation of the Global Code of Ethics for Tourism [1] to maximize the contribution of tourism to socio-
economic development, while minimizing its possible negative impacts, and is committed to promoting tourism as an instrument in achieving the United
Nations Millennium Development Goals (MDGs), geared towards reducing poverty and fostering sustainable development.

UNWTO generates market knowledge, promotes competitive and sustainable tourism policies and instruments, fosters tourism education and training,
and works to make tourism an effective tool for development through technical assistance projects in over 100 countries around the world.

UNWTO’s membership includes 156 countries, 6 territories and over 400 affiliate members representing the private sector, educational institutions,
tourism associations and local tourism authorities. Its headquarters are located in Madrid.[2]   
more...
AUSTRIA
3
ITALY
5a
iNTERWEB OF NATURE
- THE REAL WAY -
La Madre Knights Team
ITALY
5a
8
GERMANY
9.
FRANCE
12
GREAT BRITAIN
1
CHIP6GBSLEEVE
GEO
1.
F U T U R E     P R O J E C T S
8K
8K
Trieste
3,521 Miles of TRAIL
PROJECT 1826
2018 - 2026
12K
8K
NEVADA
CHIPVista
GEO
International
1636
TEAM
iNTERWEB OF NATURE
- THE REAL WAY -
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-- S P O N S O R --
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8.8 Mile  SOUTH LOOP
Up Mt. Charleston Real Time
REAL TIME
2&3xSPEED
Videos from Nov. 2011
7.2 Mile RAIN TREE
Up/Down (Mt. Charleston)
REAL TIME
2x SPEED
4 1/2 Hr NORTH LOOP UP
4 Hr NORTH LOOP DOWN
Click for video
1Hour HIGHLIGHTS UP
1Hour HIGHLIGHTS DN
July 4/5 2013 Fire Videos by:   William Reynolds
A specially equipped "firefighter drone chopper", similar to a  MQ-8C Fire Scout  (or their likes), could have stopped the fire in the first few hours after the thunderstorm had passed.
"Where is a Howard Hughes, when we needed one?"
Also, a Howard Hughes would have a 100 of those stationed in every western state, taking off as soon as a thunderstorm had passed to attack the fires - and not wait until it gets out of control!"
At the Western Governors Conference on 12 / 12 / 2013 the concept of a "Firefighter Drone Chopper" fleet was proposed.  
My suggestion below  dates from July 2013, at the height of the fire!
*
*
NOTE:  Some videos may have been removed by now!
(Excerpts from my July/Aug. 2013 web page)
Mt. Charleston South Loop Trail
(now damaged by wildfire)
Mt. Charleston Mummy Mountain
& Raintree (Saved!)
V I A   A L P I N A  18/26
GEO
DATA Video Mountaineering
21C RealTime Exploring & Land Surveying
Hikealong Video Production
Spring Valley P.O. Box 81702
Las Vegas, NV 89180 USA
BEST of Trail - The Highlights: Sections of the trail of the most scenic
areas from trailhead to summit on a sixty minute DVD.

ENTIRE Trail - In RealTime: Trail #680 from the Hotel Mittagskogel
(south of Villach in the province of Carinthia), to the 7031' (2143m)
summit of Mittagskogel. The entire 7.5 mile (12km) trail was captured on video
while hiking the trail at an average speed of 2 mph (3.2 km/h).
5 DVDs including the Best of Mittagskogel.
Step-By-Step Video-Hike of the 7.5 Mile Mittagskogel Trail in the Austrian Alps
AUSTRIAN ALPS Carinthia
MITTAGSKOGEL TRAIL  KARAWANKEN
Final 6 minutes at the summit.
Best of Mittagskogel Trail (up)
1 DVD  /  60 minutes
* Entire Trail in Real-Time.
* Most
Detailed & Real.
* Best for a Virtual Hike.
* Visual Trailguide.
* Motivational Exercise Video.
* Mileage, Time & Elevations.
* Included: Best of... DVD
* Highlights in Real-Time.
* The Most Scenic Areas.
* Visual Trailguide.
* Mileage and Elevations.
* 1 DVD, 60 minutes.
* Entire Trail from Trailhead to the
...Top of Mittagskogel in Real-Time.

* Also in a 1-hour Highlighted Version.

** Virtual Sightseeing
in the Austrian Alps.

** Visual Trailguide for Trip Planning
.....with On-Screen Mileage, Elevation
.....and Timing.

** Reliving Your Own
European Alps Mountaineering.

** Scenic and Motivational Workout
.....Video while Exercising.

** Easy Listening Music
for Meditation and Relaxation.

*  Trail Map included.
AUSTRIA'S ENTIRE TRAIL VIDEOS OF MITTAGSKOGEL ON DVDs
AUSTRIA
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Bright Angel, Half Dome & Mt. Whitney Trails
$/eu 338.00 / FREE S&H
$/eu 118.00 / FREE S&H
Signed & Numbered
(1/1000)
Signed & Numbered
1/2000
Europe & World
1
E L E C T E D !
E L E C T E D !
s
E L E C T E D !
Before 2017 ends, I want to say thank you, Peter.

We knew this year would be a difficult one. But it was also full of fierce passion and hope -- from the
millions of people who took to the streets on behalf of the values we share to the activists, newcomers
and veterans alike, who lead us to victories in Virginia, Alabama, and across the country. We really
have seen that we are stronger together (sorry, couldn't resist).

My wish for you is that you're able to take a break this holiday season and spend some time with the
people you love. Bill and I will be celebrating the best way we know how: by sharing our favorite
traditions with the youngest members of our family.

2018 will be a big year for this team. I hope you enjoy your holidays -- and come back refreshed and
ready to win. I know I will.

Onward!

Hillary
Peter Johann,

From our family to yours, I’d like to wish everyone a very happy holiday season this year!

I am so grateful for your support this year -- supporting our efforts in Congress, and helping us make
important victories for the people of San Bernardino County.

I am honored and privileged to continue serving California’s 31st District in the New Year. And Peter
Johann, I can’t wait to get to work fighting for you and the values that you hold dear.

My family and I appreciate your continued generosity and support -- and we wish you and your loved
ones a safe, healthy, and happy holiday season!

-- Pete
“Do what you can, with what you have, where you are."
--Theodore Roosevelt
THINK  GLOBAL  -  ACT  LOCAL
CIVILITY  -  UNITY  -  GeoMANITY
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THINK  GLOBAL  -  ACT  LOCAL
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Trumpiversary: Here Are the Winners & Losers

9:33 am ET November 9, 2017 (Zacks) Print

Before President Trump’s election, many pundits found it difficult to assess the outcome of his victory as his proposals seemed contradictory or lacked
details. On the contrary, such pro-economic policies helped technology and financial stocks rise sharply, helping Wall Street’s major equity indicators
showing the best rally in the past 81 years.

Defense stocks have, in fact, left the rest in the dust. The sector gained the most following tensions between Trump and North Korea. Trump’s
Afghanistan strategy has also lent such stocks a fillip. However, not everyone has partaken in this year-long rally. Let us thus take a look at the potential
gainers and losers of the ‘Trump trade’.

Trump Rally Fed Off Wall Street Anxiety

It’s been a year since Trump’s stunning performance on election night that had rattled the global equity market. The Dow futures tumbled nearly 900
points as investors remained concerned about Trump’s questionable campaign promises on trade and immigration.
But, investors’ apprehensions ebbed by morning and U.S. stocks started moving north. In fact, the Dow’s 1-year gain since Trump’s win turned out to be
the highest post-Election Day rise since 1945. The blue-chip gauge surged 28.5% since Nov 8, 2016.

The S&P 500 also rallied 21% since the close of trading on Election Day 2016. This is the benchmark index’s third best performance during a President’s
first election since World War II, lagging that of Presidents John F Kennedy (1960, 29%) and George H. W. Bush (1988, 23%), as per Sam Stovall of
CFRA Research.

Though Trump had taken over a progressing economy with the stock market near an all-time high, his pro-growth and business-friendly policies as well as
bets on deregulation gave investors ample scope.

Technology and Financials Benefit From Trump Policy

Promises of pro-business legislation by Trump have primarily supported the gains for the software industry and the manufacturers of the internal
technologies — the semiconductor makers. The House’s latest corporate tax plan will lower taxes from 35% to 20%. As a result, tech companies’ after-tax
earnings will improve and lead to repatriation of trillions of dollars held abroad by such companies. Tech companies can use this extra cash for research
and developments, and mergers and acquisitions.

If the bill turns into a law, tech bigwigs including Apple Inc. AAPL and Microsoft Corporation MSFT as well as semiconductor giant NVIDIA Corporation
NVDA  will largely benefit as they have billions of dollars stashed outside the United States. In fact, NVIDIA – Zacks Rank #2 (Buy) stock – became the
biggest gainer since the election, up a staggering 209%. Looking at the big picture, the technology sector is up around 39%.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Financials, in the meantime, has benefitted from the possibility of deregulating the sector. At the same time, Trump appointed Jerome Powell as the next
Federal Reserve chairman, someone who favors his regulatory changes.

Trump views the Dodd-Frank regulatory overhaul as a harsh measure, especially, on smaller banks. Trump has called for repealing parts of the Dodd-
Frank Act, which has for a considerable period of time limited operational flexibility. Trump’s administration also aims at increasing the minimum asset
threshold for banking behemoths, which will lend more flexibility, boost valuations, strengthen consolidation and increase lending. The value of stock and
options held by Jamie Dimon, the CEO of JPMorgan Chase & Co., turned out to be the highest since Trump’s win, while the broader financial sector
soared almost 35% in the said period.

Defense Stocks – By Far the Best Trade

Aerospace and the defense sector has been the best trade since Trump’s election. While deal making activity boosted the sector, Trump’s unrelenting
war of words against Pyongyang provided enough impetus to the sector to climb further north.
Let us also not forget that Trump revealed a reversal of strategy in Afghanistan, promising to “fight to win” instead of withdrawing entirely. He vowed to
ramp up U.S. engagement in Afghanistan, the country’s longest war to date. He added that moving troops away from Afghanistan would create a
“vacuum,” which terrorists would “instantly fill.”

Kratos Defense & Security Solutions, Inc. KTOS, AeroVironment, Inc. AVAV and Aerojet Rocketdyne Holdings, Inc. AJRD have been the best-performing
components in the defense sector, with their stock value doubling since Trump’s victory.

Aerospace company Boeing Co gained the maximum at 87% since the election. Trump’s pledge to significantly increase federal spending related to
national security was cheered by Republicans and helped defense and aerospace stocks scale higher. He had promised to seek a $54-billion hike in
spending on tanks, ships and weapon systems. The defense budget will climb 10%, according to the White House, while Trump recommended $30 billion
in supplementary military spending for this year.

Which Sectors Are Not So Lucky?

Not everyone, though, has participated in the year-long rally. The three worst performing sectors since Trump’s election have been consumer staples,
energy and telecommunication services. While staples and energy managed to eke out marginal gains, telecommunications tanked nearly 10%.
While volatility in oil prices during Trump’s regime made investors cautious from investing in the energy sector, staples and telecommunications were
affected due to higher interest rates. The Federal Reserve has lifted rates twice this year and is expected to raise it again next month.

Retailers too have been affected during Trump’s regime, as they continue to adapt to changing consumer tastes and preferences as well as evolving
shopping methods. Notably, Macy's Inc M was among the biggest losers since the election, down 52.3%. Currently, the omnichannel retail company has a
Zacks Rank #4 (Sell).

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UPDATE: European banks rally, leading stocks to 1-month closing high
Today 12:08 PM ET December 08, 2017 (MarketWatch)
Share
Print

By Carla Mozee and Sara Sjolin, MarketWatch

U.K. and EU make breakthrough on Brexit divorce terms, clearing way to next stage of negotiations
European stocks rose Friday, scoring their highest close in a month, after the U.K. and the European Union came to terms on a Brexit divorce deal,
opening the way to a key phase of talks.

Bank stocks were in rally mode after news of the Brexit breakthrough and after global financial officials finally signed a deal Thursday to harmonize
banking rules.

How markets are moving: The Stoxx Europe 600 popped up 0.7% to close at 389.25, logging its highest close since Nov. 9, according to FactSet data.
For the week, the Stoxx 600 scored a 1.4% gain, following last week's fall of 0.7%.
(http://www.marketwatch.com/story/european-stocks-on-course-for-2nd-losing-session-with-tech-knocked-down-2017-12-06)In Frankfurt on Friday, the
DAX 30 index jumped 0.8% to 13,153.70, and in Paris, the CAC 40 gained 0.3% to 5,399.09. Spain's IBEX 35 leapt 0.6% to 10,321.10.

The U.K.'s FTSE 100 ended up 1% at 7,393.96, propelled higher by a drop in the pound.
The euro traded at $1.1765 at the time of the European close, down from $1.1774 late Thursday in New York.

What's moving markets: The president of the European Commission, Jean-Claude Juncker, said early Friday that "sufficient progress" has been made
(http://www.marketwatch.com/story/breakthrough-on-brexit-terms-opens-way-to-next-phase-of-talks-2017-12-08) on three key issues in Brexit negotiations
to allow the talks to advance to the next phase.

"I believe we have now made the breakthrough we needed," Juncker said at a press conference in Brussels.
After a night of intense negotiating, British Prime Minister Theresa May managed to resolve the final issue -- the Irish border -- needed to satisfy the EU
side.

The Brussels negotiating team is now recommending that EU leaders give the go-ahead for Brexit talks to move to the second stage, which will cover trade
agreements and a potential transition period. The European Council meeting of EU leaders is scheduled for Dec. 14-15.
An EU official reportedly threw cold water on hopes of a quick deal on trade, saying it's not realistic to expect an agreement by March 2019, when the U.K.
leaves the union.

The pound hit an intraday high of $1.3521 following news of the deal, but since slumped to $1.3366. That compares with $1.3475 late Thursday in New
York. Against the euro, sterling fell to EUR1.1363 from EUR1.1445 on Thursday.

Analysts said the drop came not because traders were disappointed with the deal, but because a lot of the optimism had already been price in.
Read:The Game of Krones: Inside Denmark's battle to defend its 35-year-old currency peg
(http://www.marketwatch.com/story/the-game-of-krones-inside-denmarks-battle-to-defend-its-35-year-old-currency-peg-2017-12-08)

Stock movers: The Stoxx Europe 600 Bank Index surged 2.2%, marking its biggest leap since July.

On Thursday, international banking regulators agreed on the final Basel III standards for banks. The harmonized rules, conceived after the financial crisis,
aim to shield taxpayers from bank bailouts by making sure lenders have adequate cushion against shocks. The standards must now be passed into
national laws. The agreement further highlighted that most lenders hold a sufficient amount of capital.

Friday's Brexit breakthrough also helps the financial industry, as it brightens the prospects for a smooth transition when the U.K. withdraws from the EU in
2019.

In the bank group, Germany's Deutsche Bank AG (DBK.XE) (DBK.XE) jumped 3.3%, while shares of London-based Barclays PLC (BCS)(BCS) rose 2.5%.
France's Société Générale SA (GLE.FR) added 2.3%, Spain's Banco Santander SA (SAN) picked up 1.8%, and Italy's Unione di Banche Italiane SpA
(UBI.MI) moved up 2.2%.

What strategists are saying: "GBP/USD tumbled throughout the afternoon after the early morning buying frenzy fizzled. Sterling got off to a strong start in
the early hour due to the news that the U.K. and EU will move onto next round of talks in relation to Brexit. Traders a feeling in was going to be good news
that was reported this morning so some of the move was already priced in," said David Madden, market analyst at CMC Markets UK, in a note.

"The DAX has been given a boost after Martin Schulz of the Social Democrats suggested his party is warming up to the idea of entering into coalition talks
with Angela Merkel's Christian Democratic Union. The German economy has been performing well without a functioning government, and [the] news has
added to the positive sentiment," he added.

-Carla Mozee; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

December 08, 2017 12:08 ET (17:08 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
American capitalism 'seems to be broken,'
says Nobel winner Angus Deaton

Today 10:24 AM ET (MarketWatch)

By Greg Robb, MarketWatch

Surge in 'deaths of despair' among whites suggests the loss of 'a way of life'

Sometimes simple statistical economic work can open our eyes to some fundamental changes in the economy.

That was the case with landmark research undertaken by Nobel Prize winning economist Angus Deaton. The Princeton economist, working with his wife
Anne Case, stumbled on the fact that mortality rates were rising for working-age white Americans since 1999.

For mortality rates to rise instead of fall is extremely rare. It typically takes a war or epidemic for death rates to jump.
Deaton and Case found that these deaths are tied to "deaths of despair" from alcohol, suicide and opioids.

As to the more difficult question of "why" these deaths are taking pace, Deaton hypothesized that they are tied to a destruction of a way of life for working
class Americans that used to exist.

"I've been using the analogy of the plains Indians, they had had a life which you might have liked or might not have liked before Europeans came to
America and that life was destroyed and was never put back together again. I think we're seeing that for the American working class over the last 40 or 50
years," he said in a recent speech.

MarketWatch spoke with Deaton about possible explanations for the rising mortality among the working poor and things that can be done to reverse the
trend.

MarketWatch: Could you summarize your landmark 2015 research about rising mortality rates among white Americans?

Deaton: We were really looking for something else and then we discovered that, at least among people between 45-54, and even more between 50-54, a
decline in mortality, particularly white mortality that had been established for about 100 years had actually stopped or even reversed itself. Whether it has
reversed itself or not depends on a bit on your starting point and end point, but the century-long decline in mortality rates that had gone on since the
beginning of the 20th century had just stopped and was starting to rise.

And then, what we've done was to check and find out why this was happening. Not in the deep sense of why, but which causes of death were associated
with this. And we found that the fastest rising causes of death in this group were people dying from suicide, dying from alcoholic liver disease, and dying
from drug overdoses.

So that was the initial finding. I guess the other important thing is that is not happening among African Americans, for whom mortality rates continue to fall,
in fact are falling quite rapidly and among Hispanics, for whom the trend is good. None of what you see here is happening in European countries. A lot of it
is focused on people who do not have a BA, for example.

MarketWatch: Is there any sign that this trend is slowing down?

Deaton: I think in the next few days we will see the data for 2016, but not so far.

MarketWatch: You compared this rise of mortality to the AIDS epidemic.

Deaton: The numbers we've given, which were similar to the AIDS epidemic, came from saying "ok, if mortality rates had continued to fall in the way they
had prior to 1998, then how many people would be alive that are actually dead," and that's how you get that sort of number.

MarketWatch: It is not only opioids?

Deaton: That's right. I think in the age groups we were looking at among white non-Hispanics, the deaths from opiate overdoses are the biggest part of it,
but they are not as big as suicides and cirrhosis added together. Maybe some of these deaths, we should also be putting some heart disease in there.
Opioids are certainly the biggest single thing.

MarketWatch: And it is not just men. It is men and women?

Deaton: Yes. I mean most of these rates are lower for women but the increases are parallel for men and women. I mean, women don't kill themselves as
much as men do but the rises have been similar.

MarketWatch: I want to make the bridge from your findings to the economy. You have said that white working class workers are facing a loss of their way of
life.

Deaton: This is much more hypothetical because of course, you are saying "what is doing this?" Tying it to the economy is tricky because it is certainly not
true that it was the Great Recession that made this happen, for example. And in fact even if you go back to the late 1990s, the patterns of income and so
on are not that different across groups. They don't match up. Any simple story that said "it is the economy stupid," is stupid.

So we trace this back sort of a long way, and if you look at birth cohorts it is like each successive birth cohort is doing worse. They are more susceptible to
these deaths throughout life, and the deaths rise with age more rapidly for younger cohorts, so we're attracted by this idea that there is a cumulative
process going on which is steadily getting worse over time. And, you know, the destruction of the way of life of the white working class is maybe a good way
of thinking about this. I mean we are very attracted by that. You know, the ultimate poison may be in the labor market, but, it works through a lot of other
bad stuff that is going on -- like the decline in marriage rates, the increase in out-of-wedlock childbearing, and all those sort of things. It is those things that
get to middle age and your life has not worked out the way you thought, not just in terms of the salary you earned, but also your marital relationship, your
kids who you may not know anymore and who are living with someone else. So there are a lot of people who in their 50s that find that their life has just sort
of come apart.

One story is just that there has been this slow loss of the white working class life. There has been stagnation in wages for 50 years. If you don't have a
university degree, median wages for those people have actually been going down. So it is just like that model, whereby American capitalism really
delivered to people who were not particularly well-educated, seems to be broken.

MarketWatch: What can be done?

Deaton: Well, I think actually quite a bit can be done. And again, this is very tentative work and there are a lot of other economists and other people who
are thinking about these issues. Obviously you can't go back and change history. So you can't make the last 50 years go away. And many people think,
"ok what's destroyed working class life -- the forces of globalization and technical change" -- and I'm sure they contributed. But we don't want to stop them.
Globalization and technical change are the guarantee of our future prosperity. And reversing on that will not only make things worse, but it will make things
worse for a very large number of people around the world who have benefitted -- people in China and India who have been dragged out of the most awful
poverty. So we don't want to do that, but I think there is a realization there is a lot of policies in the U.S. -- things are amenable to action -- that have
actually been contributing to hold down wages.

I could give you a few of those -- our catastrophic health-care system seems like a leading candidate there. There is this number that floats around which I
think is pretty well-based that we're wasting about a trillion dollars a year compared with what it would cost if we had one of the other systems you see in
Europe or Canada. That trillion dollars a year -- much of that is actually coming out of people's wages -- because so many people get health insurance
through their employers. So that's one thing. If you took that money out of the health sector and gave it back to worker's wages, we would not be in nearly
such bad shape.

I think there is a lot of increasing interest in monopoly power, around consolidation in many, many industries and that prices are not falling as rapidly as
they should or are rising. And it is real wages we're talking about here -- real wages are, of course, money wages divided by the price level. And so, if you
have a system that redistributes money upwards, to CEOs or to hospital executives or whatever, pharma executives, then those people get big increases
in their wages which offsets the price increase but the rest of us just get left with the price increase.
I could go on. I think there are a lot of policies that have been unfriendly to workers wages.

MarketWatch: You said in a recent speech that we have to find ways to share and not let it all go to the top.

Deaton: Right. I would even put it more aggressively than that. A lot of people are thinking about rent seeking. There is this sense that it is not just letting it
go to the people at the top, it is letting the people at the top get rich on the backs of ordinary people.
That's a much more aggressive statement. I'm in favor of inequality if it comes about from people making great innovations that make us all better off. And I
think those people deserve to be rich. But the people who get rich by lobbying the Congress to give them special protections that come out of the hides of
the workers seems to be to be a bad idea.

MarketWatch: You're doing more research on the "why" and the causes of the rise in mortality.

Deaton: Yes. We're looking at a lot of different indicators. We want to do a lot more work on Europe because some of the things that have happened here
have happened in Europe, but not all of them. So one really interesting question is that median real wages in Britain have fallen since the Great Recession
and that 10-year-or-more period is unprecedented in British economic history. So you don't see these deaths in Britain. You see a little bit, but nothing like
what you've got in the U.S. So is this what's in store for Britain, or is this a peculiarly American phenomenon? You can tell that story both ways. That seems
a really interesting question. But I do think throwing your hands up and saying it is globalization and technological change is sort of a counsel of despair,
and I don't think we have to go there.

-Greg Robb; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires
December 13, 2017 10:24 ET (15:24 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
EDF    


Peter Johann,

Generations from now, Americans will look back at President Trump’s executive order to rescind the Clean Power Plan—America’s first ever national
limit on dangerous carbon pollution from power plants.

They will either mourn this as the moment when America turned its back on climate progress and the clean energy future…

Or they will celebrate the great grassroots effort that stood up to the president’s disastrous decision.

The choice is ours. How we respond in the days, weeks, and months ahead will determine the future
our kids and grand kids will inherit.

EDF has always sought solutions and worked collaboratively with all parties to drive real progress. But this is a time
when we must stand up and be counted.

You’ve been active with EDF to oppose President Trump’s anti-environment agenda. I urge you now more than ever to make a donation of whatever
amount you can afford to give EDF the resources we urgently need to stop this assault on common sense and basic climate science.

Let’s be clear about what has happened this week: President Trump has commanded the EPA to rescind the Clean Power Plan without offering any
replacement to protect our communities from the growing threat of climate change or to move America toward a clean energy economy.

This is unacceptable. With your support, here are some of the actions we are taking:
1. We are mobilizing our members and activists to join the People’s Climate March on Saturday, April 29th. This is our opportunity to march shoulder to
shoulder with hundreds of groups and hundreds of thousands of concerned Americans to deliver our message: We need Less Pollution. More
Solutions.

2. President Trump’s executive order starts a legal and regulatory process, which the EPA must follow. That process includes many opportunities for
concerned Americans to offer public comments and with your support we will inundate the EPA with support of the current rules. We helped deliver
more than 8 million comments in support of the Clean Power Plan and we will not be silent as they try to rescind this important rule.

3. We will work in the states to transition to a clean energy economy and toward meeting the goals of the Clean Power Plan, regardless of its fate.

4. We will launch a massive online engagement and grassroots organizing program to press governors, state legislators, senators, representatives,
public utility commissioners, and other key decision makers to support the goals of slashing climate pollution and unleashing clean energy innovation.

5. Our legal team is preparing to file and/or join lawsuits opposing the Trump administration’s actions. Any effort to roll back the Clean Power Plan will
be subject to rigorous judicial review in federal court. The Supreme Court has affirmed EPA’s authority and responsibility to curb climate pollution under
the Clean Air Act three times since 2007. If the Trump Administration rescinds the Clean Power Plan without any replacement, it will be on very shaky
legal footing.

I wish I were writing to you with a different message. I prefer to enlist your support for bold and innovative initiatives to reduce pollution, improve public
health, and unleash clean energy. And I will be coming back to you on another day with just such a message.

But today is a day for those of us who respect science and cherish life to stand together to defend climate and clean energy progress.

The stakes are high. Future generations will look back to the moment and pass judgment on what we do. Let’s make them proud.

Thank you for your citizenship and support,

Fred Krupp
President
TRANSLATED BY GOOGLE

The Austrian government wanted to raze this house. Faced with the outcry, she decided to organize an architectural competition.
Austria will launch an architectural competition on the future of the birthplace of Hitler. The key is that the building, located in the center of Braunau-am-Inn,
on the German border, not "can be found in its external shape," said Interior Minister Wolfgang Sobotka to the press Vienna. The government wants to
prevent the house, empty for several years, became a place of neo-Nazi pilgrimage.

Following the advice in the sense of a part of the political class, including the Green opposition parties FPÖ and (far right), Wolfgang Sobotka announced
Monday in the press that the house would be "destroyed" and replaced by a new building.

The announcement of the demolition has sparked an outcry from members of an expert commission set up this summer, according to which the destruction
of this building from the 17th century was not necessary for him to lose his sour character .
"Breaking the symbolism attached to this place"

"The option of demolition was explicitly proposed by the government and we have not approved", said Clemens Jabloner, a senior judge and Oliver Rathkolb,
a historian, in a joint statement. In its report, the Committee of Experts had argued that use of the building according to values ​​"contrary to the crimes
committed by Hitler" would be enough to "break the symbolism attached to this place," without it being conducted demolition.

Wolfgang Sobotka has said on Tuesday that the place would be in the future to house an administration or a social institution, without necessarily being
totally demolished.

Leased by the state since 1972 to control their use, the imposing yellow building where the dictator was born in 1889 has long housed a center for disabled -
a category of the population who had been the victim of the Nazi regime. Due to a dispute with the family that owns the building is unoccupied, however,
since 2011, attracting nostalgic for the Third Reich.

The Austrian state, which pays 4,800 euros per month in rent, initiated an expropriation procedure, which must still be approved by parliament. The
expropriation bill was presented Tuesday in committee.
NEIN ZU TTIP

Als Bundespräsident werde ich den TTIP-Vertrag nicht unterschreiben. Ich gehe davon aus, dass es gar nicht so weit kommt, und TTIP im Parlament
nicht beschlossen wird.

Durch TTIP droht eine Absenkung von Standards in den Bereichen Lebensmittel, Umwelt und Gesundheit sowie eine Zerstörung der kleinräumigen
österreichischen Landwirtschaft. Das ist nicht zu akzeptieren.

Ich will nicht, dass durch TTIP gentechnisch veränderte Lebensmittel durch die Hintertür zu uns kommen, die österreichische Landwirtschaft mit ihrem
hohen Bio-Anteil unter Druck gerät oder Standards im Gesundheitsbereich oder bei den Arbeitsschutzrechten gesenkt werden. Unsere Bio- und
Bergbauern, die kleinstrukturierte Landwirtschaft dürfen nicht dem Druck der Gentechnik-Allmacht von Monsanto ausgesetzt werden.

Die von Verfassungsexperten gegen die Schiedsgerichte und die regulatorische Kooperation vorgebrachten Argumente teile ich. Ich bin der
Überzeugung, dass es keinen Bedarf dafür gibt und die österreichischen und europäischen Rechtsnormen ausreichend sind.

GOOGLE TRANSLATE:

NO TO TTIP

As President, I will not sign the TTIP Treaty. I assume that it does not come so far, and TTIP is not passed by Parliament.

By TTIP threatening lowering of standards in the areas of food, environment and health as well as the destruction of small-scale agriculture in Austria.
This is not acceptable.

I do not want that by TTIP GMO foods come through the back door to us; the Austrian agriculture unit with its high organic portion under pressure or
standards in the health sector or in labor rights are reduced. Our biotechnology and mountain farmers, the small farms should not be subjected to the
pressure of the genetic engineering omnipotence of Monsanto.

The concerns raised by constitutional experts against the arbitration and regulatory cooperation arguments I share. I am convinced that there is no
need for it and the Austrian and European legal standards are sufficient.


TRANSLATED BY GOOGLE

Following a press conference with Manuel Valls, Canadian Prime Minister considered that Europe would engage in a way "unproductive" by refusing to
sign the free trade agreement with Canada.
Justin Trudeau comes out the yellow card. A rejection by the 28 countries of the European Union free trade agreement with Canada (Ceta) would be
"distressing" and send to the world "a clear message" that the EU is engaged in "a very productive way" , said Thursday the Canadian Prime Minister.
The time has come "for Europe to decide what is the European Union", he ruled during a joint press conference with his French counterpart Manuel
Valls.


European opposition
Canadian and European leaders have an appointment in Brussels on 27 October to ratify the transatlantic treaty, but voices continue to rise in the old
continent to prevent its adoption, while the agreement of all national parliaments is required for its full implementation.
In particular, the Parliament of the French Community of Belgium adopted on Wednesday a resolution that could force the country to refuse Ceta.
"If in a week or two, Europe is unable to sign a commercial agreement with a progressive country like Canada, with which Europe thinks she doing
business in the coming years?" He told Justin Trudeau .
"For me, this is a time when questions arise about the usefulness of Europe if Europe fails to sign this agreement, it will be a very clear message, not
only for Europeans but also the world that Europe is about to choose a very productive way for its citizens and for the world, "blasted the Liberal leader.
Rendre sa grandeur à l'Europe

Comment l'Union pourrait répondre à l'administration Trump. Par Joachim Fels, Managing Director et conseiller économique international au bureau de
Newport Beach, PIMCO
Il est difficile de comprendre pourquoi la promesse de campagne de Donald Trump,
« Make America Great Again » (Rendre sa grandeur à l'Amérique),...

GOOGLE TRANSLATE:


How the Union could respond to the Trump administration. By Joachim Fels, Managing Director and International Economic Advisor, Newport Beach
Office, PIMCO
It is hard to understand why Donald Trump's campaign promise, "Make America Great Again", has found so much echo. It is true that the terrorist threat,
rising inequality and destructive digitization of jobs have been a cause of concern for some time. However, a majority of indicators reveal that the US
economy is doing very well, and certainly better than Europe.
If the median real income of US households remains below the peak of the late 1990s, it has risen sharply over the past four years and will soon reach
new highs. The Americans continue to live in the biggest houses, drive the most beautiful cars and eat the biggest steaks. The standard of living in the
United States, measured by GDP per capita, is one of the highest in the world (except for a few special cases such as Luxembourg, Norway and
Switzerland). 50% to those of Europe and Japan. American technology, music and movies punctuate the days and nights of people all over the world.
The financial industry in the United States has a stronger and more profitable base, the housing and services sectors are the most dynamic and its main
universities are unrivaled. So we are far from a catastrophic scenario.
A lost decade for Europe
If there is a great global economy that must regain its greatness, it is Europe. After signing a correct economic performance between the creation of the
euro and the global financial crisis, Europe stumbled and lost a decade. Economic growth in the European Union has generally stagnated since 2008
and the unemployment rate remains twice as high as in the United States. The euro crisis has led to a balkanisation of the banking sector and a
fragmentation of the financial markets. The evolution towards an "ever closer union" has stopped and separatism and a new nationalism are
progressing. The Brexit seems to be a foretaste of what awaits us rather than a specific isolated event.
Ironically, Donald Trump's promise to privilege America could help Europe regain its greatness.
Threats to Germany
First, although the new US administration seeks to discourage imports into the United States and boost domestic production, European exporters should
still be able to increase their market share in the United States for some time. Indeed, the dollar appreciated and the euro has declined since the
presidential election across the Atlantic, enhancing the competitiveness of European exporters. If the Fed carries out three rate increases, as envisaged
by the FOMC forecasts, and if the European Central Bank continues to increase its balance sheet and tax the banks' surplus reserves, the dollar may
even strengthen further.
Moreover, the strongest confidence of households and companies, as well as rising stock prices, could stimulate US demand for domestic and foreign
products. The shift from demand for foreign products to domestic products may bear fruit, but in the short term, the US manufacturing sector simply
lacks the capacity to close the gap while ensuring quality. The majority of the "Make America Great Again" hats worn by Donald Trump's supporters
during his investiture were made in China or Vietnam and it will take some time and significant price changes for the wealthiest Americans to favor
Chevrolet , Lincoln, Chrysler and Jeep to BMW, Mercedes, Lexus and Range Rover.
Second, the prospect of a more protectionist US administration and the pressures of populist movements at the local level are likely to generate political
responses in Europe to foster domestic demand and potential growth. The external threat to Germany's growth model, fueled by exports, is now real,
which will help Chancellor Angela Merkel sweep away her party's opposition to pursue a more expansionary fiscal policy. In addition, if the austerity
discourse against Greece is unlikely to change significantly, greater leniency could be given to the more growth-oriented fiscal policies adopted in other
euro area countries.
Good surprises waiting in Europe
Finally, a more isolationist foreign and defense policy in the United States could give rise to a new common defense initiative within the European Union.
The commitment to a joint defense budget funded by joint programming to counteract real or perceived external threats is much easier to defend than
any other form of fiscal union.
In view of all these factors, optimism towards the United States and the pessimism for Europe currently integrated by the markets, Europe seems to
present the greatest potential for good surprises.
All in all, Donald Trump might well succeed in rendering greatness to an America that already shows it. But it is very likely that in four or eight years
Europeans will be more numerous than Americans to be able to say "Thank you, Mr. President! "
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Jeune, ambitieux et europhile: qui est Sebastian Kurz, le nouveau chancelier autrichien?

Par Sabine Syfuss-Arnaud le 19.01.2018 à 17h06

EXCLUSIF. Chancelier d’Autriche depuis le 18 décembre, Sebastian Kurz suscite curiosité et inquiétude en Europe . Curiosité parce qu'il est le plus jeune
dirigeant du monde. Inquiétude, parce ce conservateur vient de former un gouvernement avec la droite dure. Challenges a rencontré à Vienne celui qui
se dit europhile, ambitieux, travailleur et soucieux des détails.

D'une politesse exquise, il présente ses excuses pour les cinq minutes de retard. Il a les joues poupines, un sourire enjôleur, les yeux d'un bleu soutenu,
mais le regard vif et scrutateur de quelqu'un qui ne s'en laisse pas conter. Comme souvent, il ne porte pas de cravate.

Hauteur de plafond vertigineuse, boiseries au mur, miroirs et dorures années 1930, son bureau, chargé d'histoire, en impose. Mais, de lui, peu de traces.
Tout est net, impeccable, rangé. Seule touche personnelle : une œuvre d'art, la carte d'Europe la tête en bas, avec en surimpression un plan du quartier
des musées à Vienne. L'Europe à l'envers, pourquoi donc ? Il commente simplement: " Ce tableau, je l'ai dans mon bureau depuis que je suis ministre des
affaires étrangères. Je l'aime beaucoup. Il est l'œuvre d'un jeune artiste contemporain allemand."

Il a du charme et il le sait

L'Europe c'est son dada, l'ADN de sa politique. Il le clame, à chaque fois qu'il en a l'occasion. D'ailleurs si les affaires étrangères sont tombées dans le
giron d'une ministre proche du FPÖ, lui a gardé la haute main sur les affaires européennes. Son premier déplacement à l'étranger, il l'a effectué à
Bruxelles et sa première rencontre bilatérale de chancelier, il l'a eu à Paris, avec Emmanuel Macron, quatre jours auparavant, le 12 janvier. Au-delà des
déclarations de bonnes intentions, on lui repose la question du risque d'un possible rapprochement avec le bloc des régimes autoritaires en Europe de
l'Est. Il rétorque vivement: "on m'a souvent posé la question. Les commentateurs ont souvent donné la réponse à ma place. Je le dis très clairement:

l'Autriche ne rejoindra pas le groupe de Visegrad." Et d'ajouter avec des accents de sincérité : "Mon gouvernement est pro-européen et je suis
viscéralement pro-européen. Je veux contribuer à bâtir des passerelles en Europe." Interrogé sur une dimension plus sensible de cette Europe dont il se
réclame, il avance: " pour moi, c'est aussi un art de vivre ensemble, d'être bien ensemble, de partager une histoire et des valeurs communes." Il
revendique des goûts éclectiques, affirme aimer les groupes de rock Muse et U2, comme le Faust de Goethe.

Sebastian Kurz a du charme. Il le sait. Il en joue, se montre disponible, écoute avec attention, répond précisément, ne montre aucune impatience, alors
que son emploi du temps est serré. Le matin, il a eu un conseil des ministres, depuis il enchaîne les rendez-vous. Le lendemain, il s'envole pour deux jours
à Berlin, où il doit être reçu par tout le gratin de la politique, Angela Merkel en tête, des médias et de la télévision. Il a même un dîner prévu avec des
célébrités des bords de la Spree.

Coquetterie

On lui demande comment il imaginait-il son avenir quand il avait quinze ans ? Il s’offre une coquetterie : « Je pensais que je ferais un vrai métier et que je
m'engagerai en politique comme bénévole. Et puis, la politique m'a pris de plus en plus de temps..." Très vite, en effet, il a pris la tête des jeunes de son
parti, a décroché  des mandats locaux, avant d’être appelé à de plus hautes fonctions. Il se souvient : "quand on m'a proposé d'être secrétaire d'Etat,
j'avais 24 ans. J'ai pris le temps de réfléchir et j'ai accepté".

Aujourd’hui il dirige son pays. Et conduit une équipe de ministres dont aucun ne vient de la politique. Tout juste trentenaire, il est le seul à avoir une
expérience gouvernementale ! Il explique : "J'avais annoncé pendant la campagne que mon gouvernement serait issu de la société civile, qu'il serait
composé d'experts. Certains ne m'ont pas cru. Mais, je tiens toujours les promesses que je fais". A l’économie, il a installé une femme, c’est une première
à ce poste, et une personne issue du monde de l’entreprise, autre première. Margarete Schramböck vient du monde des télécommunications. Car s’il a de
grandes ambitions pour l’Europe, le chancelier en a aussi pour son pays. "Mon objectif est de rendre l’Autriche plus attractive. Et notre programme
gouvernemental propose de nombreuses mesures qui vont clairement dans ce sens." Le texte fait 120 pages au contenu très détaillé

Control Freak.

L’heure tourne. On manque de temps pour revenir sur cette alliance avec le FPÖ qui suscite tant d’interrogations. Au cours des quatre dernières
semaines, le chancelier s’est beaucoup justifié. Le contrat de coalition établit un cadre très strict aux décisions qui seront prises et mises en œuvre par le
gouvernement. La droite populiste a mis de l’eau dans son vin par rapport aux années Haider. Le gouvernement ne fera rien qui soit en contradictions
avec l’ancrage européen traditionnel de l’Autriche. Ses proches glissent aussi mezza voce que « Basti », comme ils l’appellent, est rusé : il a placé le FPÖ
au gouvernement pour mieux le circonvenir. Que dans l’opposition, il serait plus dangereux qu’aux responsabilités…

Le 12 janvier à Paris, il a demandé qu’on lui « laisse une chance » et qu’on le juge sur ses actes. Il n’a, en tout cas, pas essuyé les mêmes réactions
violentes qu’en l’an 2000, quand la droite populiste était arrivée pour la première fois au pouvoir. Alors que Bruxelles avait alors décrété un boycott
diplomatique de Vienne, Sebastian Kurz, lui, a été reçu le 19 décembre par un Jean-Claude Juncker hilare, généreux en accolades, qui a décrété que le
programme gouvernemental de l’Autriche lui convient à « presque 100% ». Mi-janvier, une manifestation à Vienne a rassemblé 20 000 opposants, dix fois
moins qu’il y a dix-sept ans.

On termine par une question brève. Que lui inspirent les adjectifs suivants que la presse autrichienne utilise souvent pour parler de lui. Pour « ambitieux »
et « travailleur », il acquiesce. Pour « control freak », il hésite, sourit légèrement et lâche : "disons que j'ai le souci du détail". Non sans humour, il emploie l’
expression allemande de « Detailverliebt » (amoureux du détail). L’entretien s’achève. Le chancelier va accueillir le visiteur suivant, Oskar Deutsch, le
président des institutions juives d’Autriche.

Sabine Syfuss-Arnaud,
envoyée spéciale à Vienne








TRANSLATOR:


World
Austria
Young, ambitious and Europhile: Who is Sebastian Kurz, the new Austrian Chancellor?

by Sabine Syfuss-Arnaud
19.01.2018 in 5:06

Exclusive. Chancellor of Austria since 18 December, Sebastian Kurz has aroused curiosity and concern in Europe. Curiosity because he is the youngest
ruler in the world. Concern, because this conservative just formed a government with the hard right. Challenges met in Vienna the one who says Europhile,
ambitious, hardworking and concerned about the details.

Exquisitely polite, he apologized for the five minutes late. He has baby cheeks, a cajoling smile, the eyes of a deep blue, but the keen and scrutinizing look
of someone who does not let it be said. As often, he does not wear a tie.

Height ceiling vertiginous, wood paneling on the wall, mirrors and gilding 1930, his office, steeped in history, imposes. But from him, few traces. Everything
is clean, impeccable, tidy. Only personal touch: a work of art, the map of Europe upside down, superimposed a map of the museum district in Vienna.
Europe in reverse, why? He simply comments: & quot; This table, I have it in my office since I was Minister of Foreign Affairs. I love her so much. It is the
work of a young contemporary German artist. "He has charm and he knows it.

Europe is his hobby, the DNA of his politics. He proclaims it whenever he has the opportunity. Moreover, if foreign affairs fell into the hands of a minister
close to the FPÖ, he kept the upper hand on European affairs. His first trip abroad, he made it in Brussels and his first bilateral meeting of Chancellor, he
had it in Paris, with Emmanuel Macron, four days earlier, on January 12th. Beyond the statements of good intentions, it is based on the question of the risk
of a possible rapprochement with the bloc of authoritarian regimes in Eastern Europe. He retorts sharply: "I was often asked the question. Commentators
have often given the answer for me. I say it very clearly: Austria will not join the Visegrad group.

And to add with accents of sincerity: "My government is pro-European and I am viscerally pro-European. I want to help build bridges in Europe. & Quot;
Asked about a more sensitive dimension of this Europe of which he claims to be, he advances: & quot; for me, it's also a way of living together, to be
together, to share a common story and values. & quot; He claims eclectic tastes, says he likes rock bands Muse and U2, like Goethe's Faust.Sebastian
Kurz has charm. He knows it. He plays it, is available, listens carefully, responds precisely, shows no impatience, while his schedule is tight. In the morning,
he had a council of ministers, since he chained appointments. The next day, he flies away for two days.

Coquetterie.

He asked him how he imagined his future when he was fifteen? He offers himself a coquetry: "I thought that I would do a real job and that I would engage in
politics as a volunteer. And then, politics took me more and more time ...  Very quickly, in fact, he took the lead of the youth of his party, won local
mandates, before being called to higher positions. He recalls: "When I was offered to be Secretary of State, I was 24 years old. I took the time to think and I
accepted. "Today he runs his country. And leads a team of ministers none of whom comes from politics. Just thirty, he is the only one to have a
government experience! He explains: "I announced during the campaign that my government would be from civil society, that it would be composed of
experts. Some did not believe me. But, I still keep the promises I make ".

In the economy, he has installed a woman, it is a first in this position, and a person from the world of business, another first. Margarete Schramböck comes
from the world of telecommunications. Because if he has great ambitions for Europe, the Chancellor also has for his country. "My goal is to make Austria
more attractive. And our government program proposes many measures that are clearly in this direction. The text is 120 pages in very detailed content.

Control Freak.

The time is running. There is no time to go back on this alliance with the FPÖ which raises so many questions. During the past four weeks, the Chancellor
has been very justified. The coalition contract sets a very strict framework for the decisions that will be made and implemented by the government. The
populist right put water in their wine compared to the Haider years. The government will not do anything that contradicts Austria's traditional European
roots. His relatives also slip mezza voce that "Basti", as they call it, is cunning: he placed the FPÖ in the government to better circumvent it. That in the
opposition, it would be more dangerous than responsibilities ...

On January 12 in Paris, he asked that he be "given a chance" and that he be judged by his actions. In any case, it did not suffer the same violent reactions
as in the year 2000, when the populist right arrived for the first time in power. While Brussels then decreed a diplomatic boycott of Vienna, Sebastian Kurz,
he was received December 19 by a hilarious, generous in accolades Jean-Claude Juncker, who decreed that the government program of Austria suits him
to " almost 100%. In mid-January, a demonstration in Vienna gathered 20,000 opponents, ten times less than seventeen years ago. It ends with a brief
question.

What are the following adjectives that the Austrian press often uses to talk about him? For "ambitious" and "hardworking", he agrees. For "control freak",
he hesitates, smiles lightly and cowardly: "let's say that I care about the detail". Not without humor, he uses the German expression of "Detailverliebt" (lover
of detail). The interview ends. The Chancellor will welcome the following visitor, Oskar Deutsch, the president of the Jewish institutions of Austria.

Syfuss-Arnaud,
Special Correspondent in Vienna
s
s
Economist who spent 40 years in school wants Trump administration to spend less on education

Today 2:38 PM ET (MarketWatch)

By Jillian Berman
In his new book, 'The Case Against Education,' Bryan Caplan decries the benefits of formal education
He was a student and now he's a professor. But he's had enough of the education system.

The 40 years Bryan Caplan, a libertarian economist, has spent there has made him believe that we should stop investing in it. In "The Case Against
Education: Why the Education System is a Waste of Time and Money," Caplan's new book
(https://www.amazon.com/Case-against-Education-System-Waste/dp/0691174652), he argues that our education system provides little to students in the
way of tangible skills. Instead, he says, much of what our education system provides simply signals to employers that a job candidate has received a societal
stamp of approval.

"There's two totally different reasons why education might help you in your career," Caplan said. "One is the story we like to tell." The other, more truthful
story, according to Caplan: "You jump through a bunch of hoops you show off, employers are interested in you because you have these nice stickers on
your forehead that say 'this is a grade A worker.'"

It's somewhat of a timely release. Caplan said policy makers and education leaders need to do more to tout vocational education, or learning the type of
practical skills that prepares students directly for a job. That may already be happening: The Trump administration's infrastructure plan, released Monday,
includes proposals (https://www.whitehouse.gov/wp-content/uploads/2018/02/INFRASTRUCTURE-211.pdf) that would boost access to federal funds for
short-term job-specific training programs.

Is the cost of a college education worth it?

Caplan's book is the latest entry into the debate over the value of education. Growing college costs and rising student debt have made it easy
(https://www.nytimes.com/2014/05/27/upshot/is-college-worth-it-clearly-new-data-say.html) for many to question whether a bachelor's degree is worth the
time and money it costs. Funding poured into K-12 education systems with dubious outcomes has prompted some to wonder
(https://www.vox.com/2015/3/25/8284637/school-spending-US) whether our education dollars are being put to good use.

But it's rare to go so far as to say that the government's investment in education should be cut altogether. "I realize it's a super unpopular position," Caplan
said. Nonetheless, he believes that pouring money into our education system has pushed us towards credential inflation -- or a situation where a given job
requires more degrees than it did decades ago because the job market is flooded with more educated candidates than ever before.

In the book, Caplan cites data indicating that between the 1970s and the 1990s, workers' average education rose by 1.5 years, but just 20% of that
increase has to do with the fact that modern occupations require more skills.

"If that's what having wide access has done, then if we were to cut spending, have people get less education, things would go in the other direction," he
said. "Employers would say 'I just can't be that picky anymore.'"

But employers reward educated workers with higher salaries

That idea is controversial. Employers are paying more for workers with degrees, which indicates to a certain extent that they're paying for something real,
according to Anthony Carnevale, the director of Georgetown University's Center for Education and the Workforce.

"Were the employers smart in the 70s because they didn't pay for college and then they got dumb?" said Carnevale, who read Caplan's book. "Clearly
they're trying to buy something and what they're trying to buy is skill. They're making huge investments and paying more."

Carnevale agrees that signaling certainly does play a role in the education system. For example, someone who completes four years of college, but never
gets a degree will earn less than someone with the piece of paper. But, Carnevale says, research indicates that students do earn something of value --
besides the piece of paper -- by going through school.

Is education the great equalizer?

Research shows (http://www.tandfonline.com/doi/abs/10.1080/09645292.2015.1059801?journalCode=cede20&#.VcqUSJNViko) that education levels are
typically one of the top three determinants of GDP growth, Carnevale said. What's more, other studies suggest

(http://www.nytimes.com/2006/07/23/magazine/23wwln_idealab.html) that when low-income students are exposed to education, it improves their IQ, he said.
"Clearly schooling and what happens to you from the time you're a little kid and you grow older is dependent on your experience, a large piece of which is
schooling," he said. "Less advantaged kids start out smart, but never get to be all that they can be. More advantaged kids who start out smart do get to be
all that they can be."

Caplan questions the idea that education is a driver of equity because proponents are typically imagining best-case scenarios -- where the education
system clearly benefits an individual. Instead, he said many low-income students, particularly young men, wind up disconnected from the labor market
because our education system encourages them to pursue college above all else, even if they might be disinterested in school.

A better approach would be to have a education system that would give those young men routes to good jobs that don't involve getting a college degree.
"There are people who have mobility denied to them because if they don't have the right degrees, their applications go into the trash," he said.

Carnevale said he agrees with Caplan on the need for more vocational training. Still, Carnevale says, research indicates

(https://www.theatlantic.com/education/archive/2017/06/the-downside-to-career-and-technical-education/529161/) that the best outcomes arise from
curriculum that combine specific skills with some general knowledge. And Caplan's argument? "It will appeal to people who feel resentment to education,
college especially," he said.

-Jillian Berman; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires. February 12, 2018 14:38 ET (19:38 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Translated by GOOGLE

Europe

Taxation of imports: Brussels shows muscles against Trump.

The European Union plans to apply tariffs of 25% on about $ 3.5 billion (US $ 2.8 billion) in imports from the
United States if Donald Trump puts his plan into effect. Impose US tariffs on steel and aluminum.

The European Union is preparing retaliatory measures against US companies following the announcement by US President Donald Trump to heavily tax
imports of steel and aluminum into the United States. "EU prepares countermeasures on import duties on US goods, including Harley-Davidson, Bourbon
and Levi's jeans," said spokesman for European Commission President Jean-Claude Juncker Friday in front of German journalists.

Brussels plans to apply tariffs of 25% on about 3.5 billion dollars (2.8 billion euros) of imports from the United States if Donald Trump executes his project.
The European Commission said it would react "firmly" to the US president's plan to impose tariffs of 25% on steel and 10% on aluminum.

Jean-Claude Juncker said on Friday that the EU would have no choice but to respond in the same way if the United States effectively introduced these
tariffs on imports of steel and aluminum from Europe. "If Americans impose tariffs on steel and aluminum, we must treat American products in the same
way," said Jean-Claude Juncker on German public television.

Will Washington be able to apply safeguards?

The European Commission has said it will join with other countries in challenging the World Trade Organization for any tariffs imposed by the United
States and that it will consider safeguarding measures like those adopted in 2002. An additional counter-measure under study would specifically target
the United States to "rebalance" trade between the two blocs, the sources said.

European exports of steel and aluminum in the United States accounted for 5.3 billion euros (6.53 billion dollars) and 1.1 billion euros in 2017
respectively. For certain grades of steel, the United States can not show any increase in imports last year, said the sources, which means that
Washington would not be allowed to apply safeguard measures.

European exports of these types of steel accounted for 2.8 billion euros (3.5 billion dollars). If US tariffs applied to all types of European steel, the EU
would apply duties of 25% on the equivalent of 2.8 billion euros of products from the United States.

One-third of these products are certain types of steel, another third of manufactures and one-third of agricultural products. The list of products is to be
presented next week to the member countries, which will have to give their agreement.

(With Reuters)
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1.F
(Nov. 08 - 2016 - 21:08 GMTime)
,03 ,48 ,46 ,47 TISH
1,05 ,35 ,53 ,24.VPLF
,03 ,40 ,53 ,38 TDNS
EURO 1,1036 Nov. 08 - 2016 - 16:08 ESTime
(DAY 7)  ELECTION DAY
7.F
(Nov. 09 - 2016 - 21:28 GMTime)
5,36  1,23  ,62  2,16 TISH
1,18 1,49  1,00  1,56.VPLF
,70  1,40  1,11  1,11 TDNS
EURO 1,0914 Nov. 09 - 2016 - 16:28 ESTime
(DAY 8) FIRST DAY AFTER
8.F
DAY ONE (1) NOVEMBER 02, 2016 (FBI)
(Dec. 02 - 2016 - 21:12 GMTime)
,47  1,24  ,90  1,37 TISH
,86  ,70  ,33  ,20 VPLF
,17  ,11  ,09  ,04 TDNS
EURO 1,0664 Dec. 02 - 2016 - 16:12 ESTime
25.F
DAY 25 ASIA EU UK CAN USA (AT)
DAY 26 ASIA EU UK CAN USA (BRA2)
(Dec. 05 - 2016 - 21:28 GMTime)
,82  ,45  1,21  ,44 TISH
,86  1,00  ,24  1,63 VPLF
,28  ,24  1,01  ,58 TDNS
EURO 1,0764 Dec. 05 - 2016 - 16:28 ESTime
26.F
DAY 27 ASIA EU UK CAN USA (EU1)
(Dec. 06 - 2016 - 21:08 GMTime)
,47  ,17  ,16  ,75 TISH
1,59  1,26  ,49  ,85 VPLF
,20  ,18  ,45  ,34 TDNS
EURO 1,072  Dec. 06 - 2016 - 16:08 ESTime
27.F
E L E C T E D !
(DAY 23 ASIA EU UK CAN USA (NY)
(Nov. 30 - 2016 - 21:08 GMTime)
,01  1,01  1,00  ,23 TISH
,95  ,59  ,17  ,19 VPLF
,55  ,01  1,05  ,27 TDNS
EURO 1,059  Nov. 30 - 2016 - 16:08 ESTime
23.F
(Nov. 30 - 2016 - 18:35 GMTime)
,01  1,01  1,00  ,23 TISH
,95  ,85  ,61  ,36 VPLF
,66  ,37  ,62  ,16 TDNS
EURO 1,059  Nov. 30 - 2016 - 13:35 ESTime
23.2.87
(DAY 22 ASIA EU UK CAN USA
(Nov. 29 - 2016 - 21:08 GMTime)
,27  ,17  ,18  ,41 TISH
,43  ,91  ,40  ,36 VPLF
,10  ,12  ,21  ,13 TDNS
EURO 1,0648 Nov. 29 - 2016 - 16:08 ESTime
22.F
DAY 24 ASIA EU UK CAN USA (NY2)
(Dec. 01 - 2016 - 21:08 GMTime)
1,12  ,35  ,72  ,39 TISH
,15  ,39  ,45  1,00 VPLF
,37  ,36  1,36  ,35 TDNS
EURO 1,0664  Dec. 01 - 2016 - 16:08 ESTime
24.F
(DAY 23 ASIA EU UK CAN USA (AT)
Vista 1628 DVi Inc. Ltd. CAN - EU - USA
CHIP
Angels Landing (NL)
Bryce Canyon (TY)
(ATSC 3.0)
(ATSC 3.0)
ATSC 3.1 (XT)
Mt. Charleston
Video Mountaineer Club  (AUTVMC)
GEO
DAY 116 ASIA EU UK  PARIS (fr.Yahoo)  CAN USA BRAZIL
116F
April 11 - 2017 - 20:28 GMTime
EURO 1,0608 April 11 - 2017 - 16:28 EDTime   13:28 PDTime