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Daily Archives: December 4, 2017

Stocks Fade From Record High As Investors Digest Tax Bill

The U.S. stock market faded after having notched record highs on Monday, while the dollar and Treasury yields climbed, after a major U.S. tax overhaul cleared an important hurdle, Reuters reports. Markets digested the U.S. Senate’s approval on Saturday of the biggest tax law change since the 1980s, taking President Donald Trump closer to his goal of slashing taxes on businesses. On Wall Street, the benchmark S&P 500 index set a record intraday high, but then pulled back and finished lower, while the Dow industrials still managed a record high close. MSCI’s gauge of stocks across the globe gained 0.14 …read more

Ex-Illinois Rep. John Anderson, Who Ran for President, Dies

Former longtime Illinois Congressman John Anderson, who ran for president as an independent in 1980, has died at age 95.

His daughter, Diane Anderson, said her father died Sunday night in Washington, D.C.

The 10-term GOP congressman originally sought the Republican presidential nomination in 1980, but he later waged an independent campaign against Democratic President Jimmy Carter and Republican challenger Ronald Reagan. Anderson received 7 percent of the national vote.

Diane Anderson said her father became disillusioned with the direction of the Republican Party and what he saw as a move to the far right.

“He really, really believed the …read more