World

Big Brother China Launches New Surveillance Tech

In preparation for the Lunar New Year, Chinese cops are ramping up their crowd-surveillance abilities with facial-recognition sunglasses. China is already a leader in its use of surveillance technology, but the new glasses “could expand the reach of that surveillance, allowing authorities to peer into places that fixed cameras aren’t scanning, and to respond more quickly,” reports the Wall Street ...

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Taliban Causing Devastation and Gaining in Afghanistan

Although there has been more of a focus on ISIS, the Taliban is still very much a threat in Afghanistan. There have been attacks in Kabul, the country’s capital, on the last two consecutive weekends, killing hundreds. Over the weekend, a car bomb in a fake ambulance blew up outside a hospital, killing at least 103 people. Just a week ...

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Half of Venezuela’s Economy has Disappeared Since 2013

We noted Venezuela’s collapsed as a country last fall, it no longer has democratic elections. The latest is the country has officially lost half of its economy since 2013. According to the International Monetary Fund, Venezuela’s inflation is at an all-time high with the prices of goods expected to skyrocket by 13,000% and unemployment will reach 30% this year. Last year ...

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NAFTA – Does Canada Secretly Want Out?

Meetings to negotiate a continuation of the North American Free Trade Agreement between Canada, Mexico and the US commenced this week in Montreal and are scheduled to conclude by January 31, 2018. Canada and Mexico have both expressed a desire to continue in the agreement.  US President Donald Trump, on the other hand, was sharply critical of NAFTA on the ...

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What is Happening at Davos?

The annual World Economic Forum in Davos, Switzerland came to an end earlier today and U.S. President Trump was the featured speaker on the last day. His message was that “America is open for business again and we are competitive once again.”  He stressed that his policies are meant to boost business and reward production, invites investment and attracts capital. ...

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Canada and TPP: A Pyrrhic Victory?

Canada and the remaining members of the old Trans-Pacific Partnership agreed Tuesday (January 23) to a revised trade agreement.  Last fall, participants rebranded the pact as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Rebranding the treaty was perhaps in order after the ignominy of both US presidential candidates coming out against the old TPP on the campaign trail in ...

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New Focus on Trade Agreements with China

President Donald Trump has made it clear that his administration’s trade policies will reflect his “America First” campaign. Last week, it was revealed that China had the largest-ever annual trade surplus with the U.S. in 2017. So why is the U.S. importing more from China than exporting? Well, for years Chinese companies have been accused of stealing trade secrets from U.S. companies and ...

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China’s Trade Surplus with the U.S. is at an All-Time High

China has made an announcement revealing that the U.S trade deficit with China is still very much a problem and will continue to be so as the U.S. economy improves. According to a recent Chinese report, China had the largest-ever annual trade surplus with the U.S. in 2017. “A global recovery led by the U.S. provided a shot in the ...

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The World Experiences Prosperity Unevenly

On Wednesday January 10, 2018, The World Bank released its annual report on the global economy entitled Global Economics Prospects.  Thanks to broad-based improvement in growth around the world, the report predicts that for the first time since 2008 the world economy will be operating at its potential. Overall, the world’s economy grew 3% in 2017, the World Bank said, ...

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Repatriation Rate and Uses Becoming Clearer

I have written a couple of articles about the new tax bill and how the success of the bill will depend greatly on how much cash is repatriated and how the cash is then used once it is brought back to the United States. Thanks to a few announcements and a survey, we are starting to get an idea of ...

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