World

China Softens – Agrees to Negotiate over Trade Deficit

The stock market made a sharp recovery on Monday after China offered to negotiate better trade deals to decrease its trade surplus with the US. The Dow Jones jumped 669.4 points Monday (the biggest single-day gain since 2008) following a massive loss last week amid concerns of a trade war between the US and China. The market fluctuations came after ...

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China Responds to Impending Tariffs

On Thursday, President Donald Trump signed a memorandum that authorizes the U.S. Trade Representative to determine what type of tariffs should be placed on China to handle the country’s unfair trade practices. The memorandum says that the U.S. Treasury Department should consider restrictions on the communist country “to address concerns about investment in the United States directed or facilitated by China ...

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China Responds to Tariffs by Targeting Trump’s Voter Base

In response to President Trump’s trade offensives, China is planning to implement tariffs on key agricultural exports like soybeans, sorghum, and live hogs – a move that will disproportionately affect states that voted for Trump. Retaliatory plans were laid out last month during a meeting between China’s Commerce Ministry and Chinese companies that import significant amounts of US farm products. ...

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Putin Wins Presidential Election (Big Surprise…)

Vladimir Putin won the Russian presidential election on Sunday with an expected landslide victory that saw him earn over 75% of the vote. With an approval rating around 80% and support from the ruling party and state media, his victory was never in question. Putin’s fiercest rival – opposition leader Alexei Navalny – was banned from participating in the election. ...

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China Expands Party Policing to All Government Workers

The National People’s Congress on Sunday approved a sweeping government overhaul that cements the Communist Party’s control over key functions of the government. “To turn today’s crushing momentum against corruption into a crushing victory, we must further strengthen the party’s leadership,” said party official Yang Xiaodu. The changes include the formation of a “National Supervision Commission” that will be tasked with ...

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Xi Jinping Can Now Remain President of China for Life

It’s official– Chinese lawmakers have passed a constitutional amendment that abolishes term limits for its President, meaning Xi-Jinping will remain as the country’s leader for the rest of his life. Xi’s predecessor put the two-term limit in place in 1982 to protect China from lifelong dictatorships, but now the country’s National People’s Congress (NPC) has been manipulated to abolish these limits. ...

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HORIST: North Korea, the politics and the prospects

For more than a quarter of a century – covering five presidencies – the United States, along with the United Nations and virtually the entire civilized world, have maintained a policy that a nuclear North Korea was unacceptable.  We should dwell on that last word, “unacceptable.”  To we common folk (not skilled in the art of diplomatic double talk), that ...

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Apple Hands Database to Chinese Government

Last week, Apple transferred all iCloud accounts registered in China (and the digital keys needed to unlock them) to Guizhou-Cloud Big Data (GCBD), a sate-run company based in China’s Guizhou province. GCBD has close ties to the Chinese government and the Communist Party. What this means is that Chinese authorities will no longer have to go through an international legal ...

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Trump Offers to Revoke Steel Tariff in Exchange for NAFTA Deal

President Trump on Monday suggested he would withdraw the recently announced tariffs on steel and aluminum if Mexico and Canada finalize a new NAFTA agreement. The effort to renegotiate NAFTA began last August, with the most contentious issues including access to US procurement deals, a proposal to require more auto manufacturing in the US, dispute resolution mechanisms, seasonal barriers to ...

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Trump Proposes Import Tariff on Steel, Aluminum – Receives Widespread Pushback

Claims of an impending trade war erupted last week when President Trump announced steep tariffs on steel and aluminum. To propose the tariffs without Congressional approval, Trump took advantage of a law that allows him to establish tariffs in scenarios where national security is threatened. “When a country (USA) is losing many billions of dollars on trade with virtually every country ...

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