Monday, July 9, 2018
Sunday, July 8, 2018
Tussel...
A big tussle is taking place within China that the leveling of tariffs by Washington and Beijing can only aggravate. That struggle is the effort by China to slow credit significantly: Enough to squeeze the shadow banking industry and rein in debt at state-run firms, but not so much that it causes a slump in overall growth.
Getting the balance right is tricky. Few countries manage to pull off soft landings, and trade conflict makes the task even trickier. China's size means its domestic choices ricochet beyond its shores.
Still, the trade is on $34 Billions/ year. No much to worry about.
Resolution...
A resolution to encourage breast-feeding was expected to be approved quickly and easily by the hundreds of government delegates in Geneva for the United Nations-affiliated World Health Assembly.
Based on decades of research, the resolution says that mother’s milk is healthiest for children and countries should strive to limit the inaccurate or misleading marketing of breast milk substitutes.
Then the United States delegation, embracing the interests of infant formula manufacturers, upended the deliberations.
The Americans were blunt: If Ecuador refused to drop the resolution, Washington would unleash punishing trade measures and withdraw crucial military aid. The Ecuadorean government quickly acquiesced. [NY Times]
Returned...
Syria's government offensive to retake the province of Daraa from insurgents, which began on June 19, has displaced some 330,000 people, many of them heading to the border with Jordan that refused to allow refugees to cross. The fighting in the border area stopped on Friday under a Russian-mediated surrender deal.
The return to areas now controlled by the government came after Syrian troops regained control of the Naseeb border crossing with Jordan. Most Syrians displaced by recent fighting stranded at the border with Jordan in the country's south have returned to their homes, a U.N. official.
Once the flow of money ended, peace is coming back, unless it is refueled again.
Saturday, July 7, 2018
EU...
Please note that the Great powers of the world started, and allowed the start of trouble in Syria, Libya and continued in Iraq. The Migrant in Europe are coming from all other parts of the world but always labeled as Syria.
E-You...
A surging dollar and a capital flight from emerging markets may lead to another “major” financial crisis, investor George Soros, warning the European Union that it’s facing an imminent existential threat.
The “termination” of the nuclear deal with Iran and the “destruction” of the transatlantic alliance between the EU and the U.S. are “bound to have a negative effect on the European economy and cause other dislocations,” including a devaluing of emerging-market currencies, Soros said. “We may be heading for another major financial crisis.”
George Soros
Photographer: Jason Alden/Bloomberg
The stark warning from the billionaire money manager comes as Italian bond yields have jumped to multi-year highs and major emerging economies including Turkey and Argentina are struggling to contain the fallout from runaway inflation. Soros saved his gloomiest outlook for the EU.
Hanger...
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Since each Supreme Court justice needs 51 votes to be confirmed, Democrats would only need one Republican to side against the nominee, assuming no Democrats break rank.
It was reassuring to many pro-choicer when Susan Collins insisted, in an interview, that she “would not support a nominee who demonstrated hostility to Roe v. Wade.”
In an attempt to remind Collins of how high the stakes are, women have started sending wire coat hangers to her office to serve as a visceral reminder of what happens when abortion becomes illegal.
Chaos...
The U.S. government ordered non-emergency government personnel to leave Nicaragua and advised travelers to reconsider going to the country. A State Department travel advisory that was updated Friday said U.S. government personnel in the country must stay in their homes and "avoid unnecessary travel between sundown and sunrise."
Rallies and demonstrations are widespread and occur daily with little notice.
The advisory also warned that road blocks may limit food and fuel availability and that hospitals busy treating victims of violence can't respond to other emergencies.
Looting, vandalism, and acts of arson often occur during unrest, including in tourist areas.
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