The U.S. and China indicated they’re willing to negotiate on escalating frictions, helping to ease fears among investors that a tit-for-tat trade dispute could derail the strongest global expansion in years. The White House’s National Economic Council Director Larry Kudlow spent much of the day Wednesday trying to calm markets after the two countries announced […]
U.S., China Signal Room for Talks with Trade Tensions Heating Up…
The Oligarchs’ ‘Guaranteed Basic Income’ Scam by Chris Hedges…
A number of the reigning oligarchs—among them Mark Zuckerberg (net worth $64.1 billion), Elon Musk (net worth $20.8 billion), Richard Branson (net worth $5.1 billion) and Stewart Butterfield (net worth $1.6 billion)—are calling for a guaranteed basic income. It looks progressive. They couch their proposals in the moral language of caring for the destitute and […]
Shadow Banking Warning Highlights China’s ‘Debt Time Bomb’…
The mere mention of shadow banking was always going to conjure images of dimly-lit rooms and shady deals, evoking Hollywood’s film noir genre. In reality, of course, those two words are probably enough for the mandarins in the rarefied atmosphere at the People’s Bank of China to break out in a collective cold sweat. With […]
China’s $3B Tariffs on U.S. Imports – Pork, Scrap Aluminum, Wine and Fruits…
In retaliation for $50 billion in U.S. trade tariffs against Chinese imports, China laughably hits back with $3 their own billion tariffs against the U.S. According to most reporting Beijing has selected U.S. pork and scrap aluminum as targets for a 25% tariff, along with wine and fruit tariffs around 15%. It should be emphasized […]
Alibaba and Ford Open China’s First Car Vending Machine…
China’s Alibaba wasn’t the first company to create a car vending machine – that honor belongs to a Singaporean entrepreneur who transformed Singapore’s Autobahn building into what appears to be a giant PEZ dispenser stocked with luxury cars. But after months of planning, Alibaba’s T-Mall (in partnership with Ford) has opened the country’s first car […]
China Sends Massive Navy for South China Sea War Games…
Kim Jong-un Reaffirms Commitment to Denuclearization in First Summit with China’s Xi Jinping…
North Korean leader Kim Jong-un has visited China at the invitation of President Xi Jinping and reaffirmed his commitment to denuclearization during their first summit, the two countries’ media said Wednesday. The North’s leader made an “unofficial” visit to China from Sunday to Wednesday, accompanied by his wife Ri Sol-ju and key officials, including de […]
FCC Wants Chinese Tech Out of U.S. Phones, Routers…
U.S. officials are discouraging U.S. telephone and internet companies from purchasing Chinese technology that could be used for surveillance, Federal Communications Commissioner Ajit Pai announced Monday. “Threats to national security posed by certain communications equipment providers are a matter of bipartisan concern,” Pai said. “Hidden ‘back doors’ to our networks in routers, switches — and […]
Yes, a Chinese Space Station Is About to Plummet to Earth…
Sometime between Thursday and the middle of next week, the Chinese space station known as Tiangong-1 is expected to fall out of the sky. Most of the 18,740-pound space lab likely will burn up in the atmosphere, experts said. But not all of it. Between 10% and 40% of the station’s mass probably will land […]
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