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Wall Street Journal (September 19)

2018/ 09/ 20 by jd in Global News

“If Mr. Trump wants to change Chinese behavior, he should first finish a new Nafta, drop his blunderbuss steel tariffs on allies, forget new auto tariffs, negotiate a zero tariff deal with Europe, and re-enter the Trans-Pacific Partnership.” Then he could “lead a coalition to confront Xi Jinping from a position of strength with targeted trade enforcement rather than scattershot tariffs. The real worry is that Mr. Trump supports tariffs for their own sake, and he may not want a China deal. With Donald Trump and trade, you never know.”

 

Straits Times (September 18)

2018/ 09/ 19 by jd in Global News

On Monday,  Donald Trump “effectively broadsided one of the world’s largest trade relationships, announcing plans to proceed with tariffs on another US$200 billion in US imports of Chinese goods.” Combined with previous tariffs, “this means roughly half of everything Americans buy from China…is now subject to punitive import duties. Whole industrial sectors stand to feel the effects, including agriculture, manufacturing, textiles and retail.”

 

LA Times (September 17)

2018/ 09/ 18 by jd in Global News

“A U.S.-China tariff war is sure to produce very real economic consequences, and political fallout, in both nations…. Whatever else one might think of President Trump’s actions, he is confronting China about its unfair trade practices and theft of American intellectual property when too many others shy away from the truth for fear of Chinese reprisal.”

 

The Economist (September 15)

2018/ 09/ 17 by jd in Global News

“Debt stalks Africa once again. Over the past six years sub-Saharan governments have issued $81bn in dollar bonds to investors hungry for yield. Piled on top of this are murkier syndicated loans and bilateral debts, many to China and tied to big construction projects. Public debt has climbed above 50% of GDP in half the countries in sub-Saharan Africa. The risk of a crisis is growing.”

 

Bloomberg (September 14)

2018/ 09/ 16 by jd in Global News

“A government campaign to slash the influence of China’s celebrities” will also hinder the industry’s ability to compete with Hollywood. “China’s filmmakers, already struggling, will have trouble competing at home, let alone abroad, if they’re forced to use dull, ideologically pure actors and storylines. If China really wants to challenge Hollywood on a global stage, it’s going to have to let its biggest stars shine.”

 

Time (September 13)

2018/ 09/ 15 by jd in Global News

“The United States may have reclaimed the title of the world’s biggest oil producer sooner than expected.” Based on preliminary estimates from the Energy Information Administration, the U.S. probably surpassed Russia this summer “after jumping over Saudi Arabia earlier this year. If those estimates are right, it would mark the first time since 1973 that the U.S. has led the world in output.”

 

Equities (September 13)

2018/ 09/ 14 by jd in Global News

In the U.S., many dismiss inflation because it’s “only about 3%,” a big mistake. In real life, it’s actually “closer to 10%” as revealed by the Chapwood Index, a real-time inflation monitor. “Most cities are seeing inflation at or above 10% per year!” This “stealth inflation” is overlooked “because nobody really sees it unless they are paying attention… Packages of pretzels and chips and snacks contain less than they used to, yet their prices are rising…. Those 16-oz packages may be only 13-oz. now.”

 

LA Times (September 11)

2018/ 09/ 13 by jd in Global News

“America’s malls are dying. Owners are hoping virtual reality and fitness centers will save them.” As merchants increasingly withdraw in the face of e-tailers, Credit Suisse “recently predicted 20% to 25% of U.S. malls will shut down within five years…. To survive, malls need to set aside long-established models that rely on two or more anchor tenants to draw customers and, instead, develop a mixture of retail, entertainment and housing.”

 

Reuters (September 11)

2018/ 09/ 12 by jd in Global News

Perhaps without realizing it, Donald Trump is playing a very “dangerous Asian game” His “clear tilt toward India will hardly halt Pakistan’s continued drift toward neighboring China and Russia…. Trump must recognize that getting his way across the subcontinent could bring down a fragile edifice, one that has been propped up by delicate presidential balancing acts since the days of the Truman administration.”

 

Hartford Courant (September 11)

2018/ 09/ 11 by jd in Global News

“Once rubble, Now peace.” September 11, 2001 did not “break America’s spirit…. Walking the site where the World Trade Center once stood gives hope. There is peace in that place now…. There is an indomitable international spirit at this hallowed ground.” This should be “a lesson for terrorists who think that human bombs and heinous plots can undermine a free people.”

 

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