Over the last 18 months, Chinese hackers breached several unidentified Navy contractors, stealing large amounts of data related to undersea warfare, including top-secret programs to develop supersonic anti-ship missiles for submarines, officials and experts said, triggering top-to-bottom review of cyber vulnerabilities for the Navy. Navy Secretary Richard Spencer recently requested a review to examine why […]
It’s Happening – This Is “THE” Fight, There Are Trillions at Stake…
CTH has pointed, repeatedly, toward a very specific economic and financial dynamic because President Trump is uniquely focused on Main Street’s “real economy“. Everything happening in/around the financial markets is very predictable when you focus on understanding the principles of Main Street MAGAnomics and how those basic principles diverge from Wall Street’s “paper economy”. “Everything […]
China to Cut Tax on US Vehicles to Ease Trade Tensions…
China will remove the retaliatory duty on automobiles imported from the U.S. for three months in an effort to defuse trade tensions with the world’s biggest economy. The 25% tariff it imposed in a tit-for-tat measure will be scrapped starting Jan. 1, the finance ministry said Friday. Earlier this week, Bloomberg News reported that China […]
Google’s Secret China Project “Effectively Ended” After Internal Confrontation…
Google has been forced to shut down a data analysis system it was using to develop a censored search engine for China after members of the company’s privacy team raised internal complaints that it had been kept secret from them, The Intercept has learned. The internal rift over the system has had massive ramifications, effectively […]
China Makes First Big U.S. Soybean Purchase Since Trump-Xi Truce…
China on Wednesday made its first major purchases of U.S. soybeans since President Donald Trump and his Chinese counterpart Xi Jinping struck a trade war truce earlier this month, providing some relief to U.S. farmers who have struggled to find buyers for their record-large harvest. Trump told Reuters in an interview on Tuesday the Chinese […]
The Economy “Rigging” That Impacts Americans…
I apologize in advance for my shortcomings in trying to de-wonk multinational economics and the financial constructs that impact, at the core, the U.S. worker and consumer. It’s a big issue to tackle in digestible portions. However, that said some inflationary statistics are presenting an opportunity for expanded discussion. Reuters has an article out today […]
GM Discovers That Government Bailouts Come with Golden Chains Attached…
General Motors recently announced that it will stop production and lay off some 15,000 employees at several U.S. and Canadian facilities. The announcement elicited a predictable outburst of indignation from President Trump. He said in a Twitter tirade that his administration is “looking into cutting all @GM subsidies, including … for electric cars.” That’s a […]
China Bans the Sale of Nearly All iPhone Models for ‘Violating Patents’…
American chip supplier Qualcomm Inc on Monday said it had won a preliminary order from a Chinese court to ban the import and sale of several Apple Inc iPhone models in China due to patent violations. The preliminary order affects all of the iPhone models from the iPhone 6S to the iPhone X which are […]
China’s Huawei CFO Freed on Bail…
A Vancouver judge on Tuesday ruled that an executive of a Chinese tech firm accused of violating U.S. sanctions with Iran will be granted bail, according to media reports. Huawei CFO Meng Wanzhou was arrested on Dec. 1 in Canada at the request of the U.S. As a condition of her bail she will have […]
Google CEO Hammered by Members of Congress on China Censorship Plan…
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