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Virgil — The Two Americas: One America Grows and Profits, the Other Shrinks and Dies

The headline in the November 19 Wall Street Journal put the matter plainly: There are “Two Americas.” One America that gains from globalization, and another much larger America that loses from globalization. And as we now know, this cleaving of the nation is not just a matter of economics, it’s also a matter of life and death.

Washington monument flooding drain the swamp (Mark Wilson / Getty)

Number of Registered Lobbyists Falls 14% in 2017

The number of federally registered political lobbyists has fallen by 14 percent thus far in 2017 from the 2016 total. However, based on data provided by the non-partisan OpenSecrets.org, spending by lobbyists is on track to rise by about 3 percent in 2017.

JOSH EDELSON/AFP/GETTY IMAGES

Facebook CEO Mark Zuckerberg Warns Against Turning Away from Globalization

(Reuters) — Facebook Inc Chief Executive Mark Zuckerberg laid out a vision on Thursday of his company serving as a bulwark against rising isolationism, writing in a letter to users that the company’s platform could be the “social infrastructure” for the globe.

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Chinese President Xi to Promote Globalization at Davos

China’s President Xi Jinping will promote “inclusive globalization” at this month’s World Economic Forum (WEF) in Davos and will warn that populist approaches can lead to “war and poverty”, Chinese officials said on Wednesday.

Antonio-Guterres-UN-Oct-13-2016-Getty

UN Chief: Politicians Ignoring the ‘Losers of Globalization’

Axel Bugge of Reuters reports that Antonio Guterres, the new United Nations Secretary General, “warned on Tuesday that rich countries were ignoring the ‘losers of globalization’ by turning to nationalist agendas, as in the U.S. election and Brexit referendum.” He also “linked the growing resistance to accepting refugees to wider concerns about globalization.”

PRESCOTT VALLEY, AZ - OCTOBER 04: Volunteers hand out campaign signs to Trump supporters before Republican presidential nominee Donald Trump speaks at a campaign rally on October 4, 2016 in Prescott Valley, Arizona.

Bloomberg: This Was the Week the World Got Really Anxious About Globalization’s Future

Weak global trade, fears that the U.K. is marching towards a hard Brexit, and polls indicating that the U.S. election remains a tighter call than markets are pricing in have led a bevy of analysts to redouble their warnings that a backlash over globalization is poised to roil global financial markets—with profound consequences for the real economy and investment strategies.

Republican presidential nominee Donald Trump speaks after a tour of the Flint water plant on September 14, 2016 in Flint, Michigan. / AFP / MANDEL NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)

IMF Agrees with Donald Trump on Stagnant Economy

The dismal forecast in the latest International Monetary Fund (IMF) World Economic Outlook reads like Republican presidential nominee Donald Trump’s talking points — namely, in its analysis that “sub-par growth at recent levels risks perpetuating itself—through the negative economic and political forces it is unleashing.”

Trump Detroit Economic Club Evan VucciAP

Trump Attacks Former Senator Hillary Clinton on Jobs

With upstate New York reeling from the Globalization Age job losses endemic to so many areas where Trump is winning support, the Republican nominee thinks he can hit Hillary Clinton hard for not doing enough to stop the problem when she was a senator from that state.

Barack Obama speaks at the SelectUSA Investment Summit at the Washington Hilton on June 20, 2016 in Washington

Obama Warns Globalization Critics From ‘Nativism And Nostalgia’

“I think that the temptation in that circumstance is to resort to nativism and nostalgia and the sense that these are things that are now out of control and I want to take control back,” Obama said, referring to free trade critics in both political parties.