World

The True Chinese Threat: Not Bombs, Roads

“The project was born in 2013 in Kazakhstan. Xi Jinping, China’s president, who was on a state visit to Astana, gave a lecture in which he proposed to create a “Silk Road Economic Belt,” in the spirit of the old trade route that crossed the Eurasian supercontinent 20 centuries ago. To an audience of students who looked only mildly interested, ...

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Brunei Implements Sharia Law; Gay Sex Punished by Stoning

Starting April 3rd, residents of Brunei who commit the “crimes” of adultery or gay sex can be legally punished with death by stoning. Thieves can be punished with the amputation of a hand or foot. The draconian punishments – which can only be implemented if crimes are “witnessed by a group of Muslims” – are part of a strict Islamic ...

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China is Gaining Momentum in Europe with Belt and Road Initiative

What a difference a month can make. The so called Belt and Road Initiative (BRI) aims to strengthen infrastructure, trade, and investment links between China and some 65 other countries that account collectively for over 30 percent of global GDP, 62 percent of population, and 75 percent of known energy reserves. Italy became the first G7 country to sign on ...

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Italy being duped by China into signing Belt and Road Initiative

Italy will celebrate 50 years of diplomatic relations with China next year, and is cozying up to Chairman XI and his Belt and Road Initiative. It appears that Italian President Sergio Mattarella and Premier Giuseppe Conte are attempting to renew the idyllic relations between Mussolini’s Italy and Chiang Kai-shek’s China, circa 1930-1937. As one can imagine, the typical reactions are ...

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South African Power Outages Compromising Economic Activity

Apparently the sea levels are not rising around Cape Town, South Africa, as the nation again gains attention for the deleterious results of the lack of electrical power. No, I didn’t say Venezuela, where either the lights came back on, or it no longer is newsworthy, at least to the American left. The South African state-run utility, Eskom, provides approximately ...

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Putin follows Xi’s Lead to Suppress Free Speech

It’s not even a wink-wink, non-nod, when President Vladimir V. Putin decides to Stalinize Russia by passing outright legislation that would prohibit speaking out against the government or any of its officials. This is the difference in all-out communism, as Chairman Xi is doing in China with his not-so-subtle version of Maoism, and the socialism (communism light) that some want ...

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Global Economic Uncertainty Weighs on U.S. Economy

We have been reporting for the last several months that economic confidence in the small business realm has been waning. This has also been confirmed in big business via the latest industrial production report by the census bureau. Overall orders for durable goods, manufactured products intended to last at least three years, rose a seasonally adjusted 1.2% in December from ...

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UK says Facebook “Intentionally” Violated Privacy Laws

In a report released Monday, British lawmakers claim Facebook “intentionally and knowingly” violated the country’s data privacy laws. The report is yet another step backwards for the social media giant, which has faced increasing criticism since the Cambridge Analytica scandal broke in March 2018. Facebook’s “handling of personal data, and its use for political campaigns, are prime and legitimate areas ...

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Chinese Central Bank tries to Alleviate Major Credit Problems

In an innocuous release from the Chinese Central Bank several days ago, it is apparent that the mounting credit crisis is getting the attention of the Chinese government. The Peoples’ Bank of China (PBOC) is attempting to tweak its monetary strategy regarding the management of its reserve requirements. Facing the pressure of a slowdown in the Chinese economy and dissatisfaction ...

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Trump Expected to Ban Chinese Telecom Equipment

President Trump is expected to sign an executive order banning Chinese equipment from US wireless networks. The decision, which comes ahead of a key industry conference later this month, sends a clear signal that US officials are prioritizing cybersecurity amid the global rollout of 5G infrastructure. The directive “could further roil the Trump Administration’s already tense relationship with Beijing, especially ...

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