Banking system: Why is the Fed pumping money?

Banking system: Why is the Fed pumping money?

The US central bank has pumped more than $200bn (£160bn) into the banking system  this week – the first time there’s been such an intervention since 2008.

The Federal Reserve’s aim was to stabilise what is usually a calm part of the market.

Interest rates in the so-called “repo market” had shot up to 10% in some cases – although the cost of borrowing in that market more typically hovers around the benchmark rate set by the Fed – around 2%.

So what happened and should we worry?

First things first: what’s the repo market?
Banks, hedge funds and other players borrow money regularly on a short-term basis to ensure their books are in order, no matter what their daily activities.

The borrowers typically offer government bonds or other high quality assets as collateral, which they repurchase, plus interest, when they repay the loan – often the next day.

Those repurchase agreements give the repo market its name.

What happened this week?
This is a huge market, with some $3tn changing hands each day, according to the US Office of Financial Research.

Under normal conditions, interest rates in the repo market are low, since the loans are considered safe and there’s plenty of cash on hand.

But this week the cost of borrowing shot up – toward 10% in some cases. And the rate at which banks lend to each other – the Fed’s benchmark – exceeded 2.25%, the top of its desired range. Full Story

 

Climate strike: What US children are sacrificing for the cause

Young people poured on to the streets of cities across the world on Friday, to try to force political leaders to act over climate change.

But they aren’t just leaving it to the politicians – in New York City, activists explained what they were doing in their own lives to help. Full Story

 

Walmart ceases e-cigarette sales

Walmart has said it will no longer sell e-cigarettes in the US, amid mounting calls to ban the products entirely.

The retailer said its decision was due to “uncertainty” about the rules governing e-cigarettes, which US health authorities have linked to more than 500 cases of lung injury.

US President Donald Trump last week said the US would prohibit sales of all flavoured e-cigarettes. Full Story

 

Justin Trudeau: Canada PM seeks to put blackface scandal behind him

Canadian Prime Minister Justin Trudeau has sought to put the blackface scandal behind him with an announcement on gun control as he seeks re-election.

Flanked by cabinet ministers he said his party would ban military-style assault rifles if they win next month.

His campaign went into damage control on Wednesday night following the publication of a photo of Mr Trudeau wearing brownface at a costume gala. Full Story

 

Other articles of interest

Stock Market Crash Stories Experts Push Equate to Nonsense

Most Hated Stock Market Bull can’t be stopped by weak economy

Permabear – A Special Kind Of A Stupid One

Technology Driven Deflation Will Kill The Inflation Monster

Nothing about 1987 stock market crash anniversary

Nickel Stocks Has Put In A long Term Bottom

AMD vs Intel

BitCoin VS Precious Metals

Area 51: Storming of secretive Nevada base

Area 51: Storming of secretive Nevada base

Fears that thousands of people could storm Area 51 on Friday were unfounded, with just several dozen arriving at the secretive US military base.

Millions had responded to a Facebook post in June calling for people to raid the facility in Nevada on 20 September to “see them aliens”.

But nobody attempted to enter the site and only one person was arrested – for urinating near the gate.

Area 51 has long been rumoured to house secrets about extraterrestrial life.
Why are people talking about Area 51?
In June, Matty Roberts, a student from California, posted a tongue-in-cheek Facebook event inviting people to charge at the base in large enough numbers to bypass security.

Within days of its launch, the event became a viral sensation, making headlines across the world. More than three million people expressed an interest in taking part.
The US Air Force warned that Area 51 was “an open training range for the US Air Force, and we would discourage anyone from trying to come into the area where we train American armed forces”.

What happened on Friday?
Not a lot.

Despite much anticipation surrounding the event, only around 75 people turned up at the front gate and nobody attempted to enter.

The only person to be arrested was a man caught urinating near the entrance and a woman was detained for an undisclosed reason, Associated Press reported.
The “raid” was more of a small-scale celebration, with enthusiasts dressing up and holding placards. Full Story

 

Saudi Arabia oil attacks: US to send troops to Saudi Arabia

The US has announced plans to send forces to Saudi Arabia in the wake of attacks against the country’s oil infrastructure.

Secretary of Defence Mark Esper told reporters the deployment would be “defensive in nature”. Total troop numbers have not yet been decided.

Yemen’s Iran-backed Houthi rebels have said they were behind the attacks against two oil facilities last week. Full Story

 

Climate protests: Marches worldwide against global warming

Millions of people around the world held a global climate strike on Friday, inspired by activist Greta Thunberg.

Protesters across continents waved placards and chanted slogans in what could be the biggest ever demonstration over global warming caused by humans.

“Our house is on fire”, Ms Thunberg said at a rally. “We will not just stand aside and watch.”

The day began in the Pacific and Asia and culminated in a massive demonstration in New York. Full Story

 

Other articles of interest

Stock Market Crash Stories Experts Push Equate to Nonsense

Most Hated Stock Market Bull can’t be stopped by weak economy

Permabear – A Special Kind Of A Stupid One

Technology Driven Deflation Will Kill The Inflation Monster

Nothing about 1987 stock market crash anniversary

Nickel Stocks Has Put In A long Term Bottom

AMD vs Intel

BitCoin VS Precious Metals

Politics and Technology

politics and technology

China speeds ahead of U.S. as quantum race escalates, worrying scientists

U.S. and other Western scientists voice awe, and even alarm, at China’s quickening advances and spending on quantum communications and computing, revolutionary technologies that could give a huge military and commercial advantage to the nation that conquers them. The concerns echo — although to a lesser degree — the shock in the West six decades ago when the Soviets launched the Sputnik satellite, sparking a space race. In quick succession, China in recent months has utilized a quantum satellite to transmit ultra-secure data, inaugurated a 1,243-mile quantum link between Shanghai and Beijing, and announced a $10 billion quantum computing center. “To me, what is alarming is the level of coordination of what they’ve done,” said Christopher Monroe, a physicist and pioneer in quantum communication at the University of Maryland. Full Story

Another confirmation that China is destined to be new the powerhouse and will probably hold this title for over 100 years after it moves to the top spot. China has focussed on developing trade; their second focus has been their military as they are primarily merchants at heart. They are going to win this battle for one reason; at the end of the day, they are going to have the biggest purse. As the saying goes “money talks and BS walks.

 

Xi Tells Zuckerberg and Cook China’s Set for ‘Unprecedented’ Reform

Chinese President Xi Jinping used a meeting with Facebook Inc. founder Mark Zuckerberg and Apple Inc. CEO Tim Cook to announce that his nation is embarking on reform with “unprecedented determination and vigor.”

Less than a week into his second five-year term at the helm of the world’s second-largest economy, Xi’s remarks may underscore a shift toward loosening of restrictions on doing business in China. The nation is “willing to work with the U.S.,” Xi said, according to an official Xinhua report, adding that he’s looking forward to President Donald Trump’s visit next week.

Though use of Facebook’s social networking platform is blocked in China, the leadership from Xi down have increased pledges to open up to foreign companies across the economy. Xi was speaking at an event with overseas members of the Tsinghua University School of Economics and Management advisory board on Monday.

“China is willing to work with the US, to take a long-term perspective, care for each other’s mutual interests, and appropriately handle disagreements and contradictions,” Xi said. “We have an optimistic attitude toward the prospects for China-U.S. relations.” Full Story

This is the trend we have been speaking off for a while and which we just addressed in the last interim update. Asia led by China will move and more towards the direction of free markets and freedom, while the US will and the West will seek to restrain the populace.

 

The New Silk Road will go through Syria

Take what happened this past Sunday in Beijing. The China-Arab Exchange Association and the Syrian Embassy organized a Syria Day Expo crammed with hundreds of Chinese specialists in infrastructure investment. It was a sort of mini-gathering of the Asia Infrastructure Investment Bank (AIIB), billed as “The First Project Matchmaking Fair for Syria Reconstruction”.

And there will be serious follow-ups: a Syria Reconstruction Expo; the 59th Damascus International Fair next month, where around 30 Arab and foreign nations will be represented; and the China-Arab States Expo in Yinchuan, Ningxia Hui province, in September.

Amid the proverbial doom and gloom pervading all things Syria, the slings and arrows of outrageous fortune sometimes yield, well, good fortune.

Take what happened this past Sunday in Beijing. The China-Arab Exchange Association and the Syrian Embassy organized a Syria Day Expo crammed with hundreds of Chinese specialists in infrastructure investment. It was a sort of mini-gathering of the Asia Infrastructure Investment Bank (AIIB), billed as “The First Project Matchmaking Fair for Syria Reconstruction”.

And there will be serious follow-ups: a Syria Reconstruction Expo; the 59th Damascus International Fair next month, where around 30 Arab and foreign nations will be represented; and the China-Arab States Expo in Yinchuan, Ningxia Hui province, in September.

Qin Yong, deputy chairman of the China-Arab Exchange Association, announced that Beijing plans to invest $2 billion in an industrial park in Syria for 150 Chinese companies.

Nothing would make more sense. Before the tragic Syrian proxy war, Syrian merchants were already incredibly active in the small-goods Silk Road between Yiwu and the Levant. The Chinese don’t forget that Syria controlled overland access to both Europe and Africa in ancient Silk Road times when, after the desert crossing via Palmyra, goods reached the Mediterranean on their way to Rome. After the demise of Palmyra, a secondary road followed the Euphrates upstream and then through Aleppo and Antioch.

Beijing always plans years ahead. And the government in Damascus is implicated at the highest levels. So, it’s not an accident that Syrian Ambassador to China Imad Moustapha had to come up with the clincher: China, Russia and Iran will have priority over anyone else for all infrastructure investment and reconstruction projects when the war is over. Full Story

Read this story in Detail for it provides some of the reasons of why America has lost its place in the Middle East and why Syria was Russia’s red line in the sand.  Most importantly, it reveals how strong the relationship between China and Russia is and why these two nations are set to dominate the world stage for decades to come.

Originally posted 2018-06-13 12:13:43.

Elizabeth Warren nabs 2020 backing of Iowa’s state treasurer

Elizabeth Warren

DES MOINES, Iowa (AP) — Presidential candidate Elizabeth Warren has announced the endorsement of one of Iowa’s last two uncommitted Democratic elected officials, state Treasurer Michael Fitzgerald.

“She’s the one I think can address the biggest problems we have, and that is the hollowing out of the middle class,” Fitzgerald said in an interview with The Associated Press. “She’s clear, you understand her message, and I want her fighting for me and all of us.”

Fitzgerald was an early supporter of then-Sen. Barack Obama, who went on to win the presidency. Iowa Attorney General Tom Miller also supported Obama but is endorsing Montana Gov. Steve Bullock for 2020. Iowa’s last remaining uncommitted statewide elected Democrat is Auditor Rob Sand.

Asked what stood out about Warren in a field of Democrats often aligned on key issues, Fitzgerald declared that Warren “is a Democrat, she is a capitalist, and she wants to make our system work.” He said he’d do whatever the Warren campaign needed to help her win the caucuses.

Warren’s organization is seen as one of the strongest in Iowa, but compared with the other top-tier contenders in the field Warren has been relatively slow to roll out endorsements in the state. After a trickle of endorsement announcements, her first major haul of supporters in Iowa came out just last week, after her strong performance in the primary debate in Houston.

Fitzgerald marks Warren’s 25th Iowa endorsement and her sixth endorsement from an Iowa elected official. Full Story

 

Jimmy Carter says he couldn’t have managed presidency at 80

ATLANTA (AP) — Weeks shy of his 95th birthday, former President Jimmy Carter said he doesn’t believe he could have managed the most powerful office in the world at 80 years old.

Carter, who earlier this year became the longest-lived chief executive in American history, didn’t tie his comments to any of his fellow Democrats running for president in 2020, but two leading candidates, Joe Biden and Bernie Sanders, would turn 80 during their terms if elected. Full Story

 

Sri Lankan doctors strike over salary ‘injustice’

COLOMBO, Sri Lanka (AP) — Doctors at state-run hospitals across Sri Lanka began a 24-hour strike on Wednesday, demanding that the government resolve what they say is a salary “injustice.”

Two years ago, the government gave an unusually high salary increase to legal officers in the government sector, creating what Dr. Haritha Aluthge, secretary of the Government Medical Officers Association, called “a severe injustice to doctors and other professionals.” Full Story

Other articles of interest

Stock Market Crash Stories Experts Push Equate to Nonsense

Most Hated Stock Market Bull can’t be stopped by weak economy

Permabear – A Special Kind Of A Stupid One

Technology Driven Deflation Will Kill The Inflation Monster

Nothing about 1987 stock market crash anniversary

Nickel Stocks Has Put In A long Term Bottom

AMD vs Intel

BitCoin VS Precious Metals

Brexit news: Talks ‘should not be a pretence’ warns Barnier

Brexit news: Talks 'should not be a pretence' warns Barnier

Brexit news: The UK and EU “should not pretend to be negotiating” a Brexit  deal if there are no new proposals on the table, the EU’s chief negotiator has said.

Michel Barnier said the UK telling the EU what it does not like about the current agreement was “not enough”.

He cast doubt on two ideas put forward by the UK – a single all-Ireland zone for agriculture and livestock and a Northern Irish veto over EU rules.

Boris Johnson has said there is a “landing zone” for an agreement.

He has said a deal is possible at a crucial summit of EU leaders on 17 October – although ministers have said they are reluctant to reveal the details of new proposals in advance for fear they will be “rubbished” by the EU.
Mr Johnson has insisted he will not accept a further delay beyond 31 October despite MPs passing a law requiring him to seek an extension if there is no deal by 19 October.

After meeting Mr Barnier and Mr Juncker in Luxembourg on Monday, Mr Johnson said the process of trying to get a deal on the terms of exit would be accelerated.

‘Not enough’
Briefing the European Parliament, Mr Juncker said the lunch had been “friendly and constructive” but there had been no progress on the main sticking point – the UK’s demand that the Northern Irish backstop should be removed from the current agreement. Full Story

 

Live facial recognition surveillance ‘must stop’

UK police and companies must stop using live facial recognition for public surveillance, politicians and campaigners have said.

The technology allows faces captured on CCTV to be checked in real time against watch lists, often compiled by police.

Privacy campaigners say it is inaccurate, intrusive and infringes on an individual’s right to privacy. Full Story

 

Inside Afghanistan’s ‘no-man’s land’

Earlier this year the UN released data showing that more civilians were killed by allies than insurgents in Afghanistan.

The BBC has gained incredibly rare access to Taliban-controlled territory, in Faryab province, to meet those civilians most at risk. Full Story

 

Israel election: Netanyahu and rival headed for deadlock

Unofficial results in Israel’s second election in five months suggest it is too close to call, Israeli media say.

Incumbent PM Benjamin Netanyahu’s party and that of his main challenger, Benny Gantz, are neck and neck with 32 seats each, the Kan public broadcaster says.

A prime minister needs to command a 61-seat majority in parliament. The smaller Yisrael Beiteinu party appears to hold the balance of power.

Official partial results are expected on Wednesday morning. Full Story

 

Other articles of interest

Stock Market Crash Stories Experts Push Equate to Nonsense

Most Hated Stock Market Bull can’t be stopped by weak economy

Permabear – A Special Kind Of A Stupid One

Technology Driven Deflation Will Kill The Inflation Monster

Nothing about 1987 stock market crash anniversary

Nickel Stocks Has Put In A long Term Bottom

AMD vs Intel

BitCoin VS Precious Metals

Huawei ban – emerging as stronger tech competitor

Huawei ban emerging as stronger tech competitor

Facing US ban, Huawei emerging as stronger tech competitor

SHENZHEN, China (AP) — Long before President Donald Trump threatened to cut off Huawei’s access to U.S. technology, the Chinese telecom equipment maker was pouring money into research that reduces its need for American suppliers.

Huawei’s founder says instead of crippling the company, the export curbs are making it a tougher competitor by forcing managers to focus resources on their most important products.

Little-known to Americans, Huawei Technologies Ltd. is the No. 2 smartphone brand worldwide and the biggest maker of switching gear at the heart of phone networks. Its equipment is used by 45 of the 50 biggest global phone carriers.

Huawei is a pioneer in the emerging field of next-generation, or 5G, telecoms. It promises not just faster internet but support for self-driving cars and other futuristic applications. That fuels Western security concerns and makes 5G politically sensitive. The U.S. claims the company might aid Chinese spying, though Huawei denies that and American officials have provided no evidence.

Huawei needs some American innovations, especially Google services used on Android phones, but industry experts say the company is increasingly self-sufficient after spending 485 billion yuan ($65 billion) on research and development over the past decade.
“They have a strategy to become completely independent from U.S. technology. And in many areas they have become independent,” said Bengt Nordstrom of North Stream, a research firm in Stockholm. Full Story

 

Protest likely to greet Trump fundraising trip in California

RIO RANCHO, N.M. (AP) — President Donald Trump is making a rare visit to California, a Democratic stronghold where he is expected to rake in millions of dollars during a series of fundraisers for his reelection effort that are almost certain to be met with jeering protests.

Trump has routinely mocked California over its liberal culture, policies and politics. His visit Tuesday and Wednesday signals that despite the state’s decidedly leftward swing in recent years there are still plenty of wealthy Republicans who support him. Full Story

 

Iran’s supreme leader: No talks with the US at any level

TEHRAN, Iran (AP) — Iran’s supreme leader announced on Tuesday that “there will be no talks with the U.S. at any level” — remarks apparently meant to end all speculation about a possible U.S.-Iran meeting between the two countries’ presidents at the U.N. later this month.

Iranian state TV quoted Ayatollah Ali Khamenei as saying this is the position of the entire leadership of the country and that “all officials in the Islamic Republic unanimously believe” this.

“There will be no talks with the U.S. at any level,” he said. Full Story

 

Other articles of interest

Stock Market Crash Stories Experts Push Equate to Nonsense

Most Hated Stock Market Bull can’t be stopped by weak economy

Permabear – A Special Kind Of A Stupid One

Technology Driven Deflation Will Kill The Inflation Monster

Nothing about 1987 stock market crash anniversary

Nickel Stocks Has Put In A long Term Bottom

AMD vs Intel

BitCoin VS Precious Metals

Ric Ocasek, frontman of The Cars, dead at 75

Ric Ocasek, frontman of The Cars, dead at 75

NEW YORK (AP) — Ric Ocasek, The Cars frontman whose deadpan vocal delivery and lanky, sunglassed look defined a rock era with chart-topping hits like “Just What I Needed,” was discovered dead Sunday afternoon in his Manhattan apartment.

The New York Police Department said that officers found the 75-year-old Ocasek at about 4 p.m. after responding to a 911 call. They said there were no signs of foul play and that the medical examiner was to determine a cause of death.

The death comes a year after The Cars were inducted into the Rock & Roll Hall of Fame, followed by an announcement by model Paulina Porizkova on social media that she and Ocasek had separated after 28 years of marriage. The pair first met while filming the music video for “Drive,” another Cars hit.

Ocasek, who sang, played guitar and wrote most of the band’s songs, and Benjamin Orr, who played bass and also sang, were ex-hippie buddies who formed The Cars in Boston in 1976. They were a decade older than many of their modern-rock compatriots but became one of the most essential American bands of the late 1970s and 1980s with their fusion of new wave, 1960s pop and 1970s glam.

Ocasek’s minimalist, half-spoken deadpan vocals set made the band’s sound, and his long, lanky appearance formed their lasting image.

The first three songs on their 1978 self-titled first album were all hit singles and remain widely known classics and oldies radio airplay: “Good Times Roll,” ″My Best Friend’s Girl” and “Just What I Needed.” Full Story

 

Trump says US locked and loaded in response to drone attack

WASHINGTON (AP) — Tensions are flaring in the Persian Gulf after President Donald Trump said the U.S. is “locked and loaded” to respond to a weekend drone assault on Saudi Arabia’s energy infrastructure that his aides blamed on Iran.

The attack, which halved the kingdom’s oil production and sent crude prices spiking , led Trump to authorize the release of U.S. strategic reserves should they be necessary to stabilize markets. Full Story

 

As shock wears off, mental health concerns grow in Bahamas

HIGH ROCK, Bahamas (AP) — One woman and her husband huddled on top of a bedroom dresser for two days, surrounded by floodwaters.

Another man sat in his wheelchair for nearly 48 hours in water up to his chest, alone in his home.

A third rescued a friend who sat in shock when part of a building where they sought shelter blew away.

Stories of survival are trickling out across northern Bahamas as the initial shock wears off from Hurricane Dorian, one of the strongest Atlantic hurricanes in history. Full Story

Other articles of interest

Stock Market Crash Stories Experts Push Equate to Nonsense

Most Hated Stock Market Bull can’t be stopped by weak economy

Permabear – A Special Kind Of A Stupid One

Technology Driven Deflation Will Kill The Inflation Monster

Nothing about 1987 stock market crash anniversary

Nickel Stocks Has Put In A long Term Bottom

AMD vs Intel

BitCoin VS Precious Metals

Big hit for oil prices – US blames Iran for Saudi strike

Big hit for oil prices - US blames Iran for Saudi strike

WASHINGTON (AP) — The U.S. tried to build its case Monday that Iran was behind the fiery weekend attack on key Saudi Arabian oil facilities that raised new war worries and sent energy prices spiraling worldwide. Iran denied responsibility, while President Donald Trump said the United States was “locked and loaded” to respond if necessary.

American officials released satellite images of the damage at the heart of the kingdom’s crucial Abqaiq oil processing plant and a key oil field, and two U.S. officials said the attacker used multiple cruise missiles and drone aircraft.

The Americans alleged the pattern of destruction suggested Saturday’s attack did not come from neighboring Yemen, as claimed by Iranian-backed Houthi rebels there. A Saudi military spokesman later made a similar accusation, alleging “Iranian weapons” had been used in the assault.

Iran rejected the allegations, and a government spokesman said there now was “absolutely no chance” of a hoped-for meeting between Iranian President Hassan Rouhani and Trump at the U.N. General Assembly next week.
For his part, Trump sent mixed signals, saying his “locked and loaded” government waited for Saudi confirmation of Iran being behind the attack while later tweeting that the U.S. didn’t need Mideast oil “but will help our Allies!”

One U.S. official, speaking on condition of anonymity to discuss internal deliberations, said the U.S. was considering dispatching additional military resources to the Gulf but that no decisions had been made. Full Story

 

Warren offers anti-corruption plan central to her campaign

NEW YORK (AP) — Elizabeth Warren has released a proposal aimed at government corruption, providing a detailed policy roadmap for a fight she says is at the core of her presidential campaign.

The Democratic senator from Massachusetts is announcing the plan Monday in Manhattan’s Washington Square Park, near the site of the Triangle Shirtwaist Co., which caught fire in 1911, killing 140-plus workers. Many of those deaths later were attributed to neglected safety features, such as doors that were locked inside the factory. Full Story

 

Auto strike idles more than 50 GM factories and warehouses

DETROIT (AP) — More than 49,000 members of the United Auto Workers went on strike Monday against General Motors, bringing more than 50 factories and parts warehouses to a standstill in the union’s first walkout against the No. 1 U.S. automaker in over a decade.

Workers left factories and formed picket lines shortly after midnight in the dispute over a new four-year contract. The union’s top negotiator said in a letter to the company that the strike could have been averted had the company made its latest offer sooner. Full Story

Other articles of interest

Stock Market Crash Stories Experts Push Equate to Nonsense

Most Hated Stock Market Bull can’t be stopped by weak economy

Permabear – A Special Kind Of A Stupid One

Technology Driven Deflation Will Kill The Inflation Monster

Nothing about 1987 stock market crash anniversary

Nickel Stocks Has Put In A long Term Bottom

AMD vs Intel

BitCoin VS Precious Metals

Boeing 737

Boeing 737 800

Boeing (BA) CEO Dennis Muilenburg has once again reiterated his expectations about the 737 MAX resuming services in the fourth quarter. Muilenburg made the comments during an investor conference in California on September 11, according to CNBC.

https://www.youtube.com/watch?v=KVQz3RKrUfwHowever, he warned that the timetable of the jet’s return could be different in every country, given the disparity among regulators, reports CNBC. Muilenburg said, “I think the phased ungrounding of the airplane amongst regulators around the world is a possibility.”

Boeing is awaiting safety approval for the 737 MAX, which has been under a global flying ban since mid-March after a software problem caused two deadly accidents within five months. Once Boeing updates the software, world regulators will scrutinize it before approving the model to fly again.

The quick return of the MAX is critical for Southwest Airlines (LUV), American Airlines (AAL), and United Airlines (UAL). Together, the three airlines own 72 Boeing 737 MAX planes. They have suffered over 35,000 flight cancellations since the MAX’s grounding, costing them millions of dollars in foregone revenue and operating profit.

Why could the 737 MAX’s return be in phases?
Muilenburg’s concerns look realistic given the changing circumstances. On September 3, The Wall Street Journal reported that Boeing “failed to provide technical details and answer specific questions about modifications in the operation of MAX flight-control computers.” It added that regulators from the US, Europe, Brazil, and many other countries cut short Boeing’s August briefing. Full Story

Indonesia blames Malaysian companies for some forest fires

JAKARTA (Reuters) – Indonesia on Friday blamed four Malaysian companies, including the world’s biggest producer of sustainable palm oil, for causing some of the forest fires within its borders, in an escalating row between neighbours over regional haze.

Malaysia has said Indonesian forest fires are responsible for the smoky haze that has caused air quality to drop to unhealthy levels in certain parts of the country. Indonesia has dismissed those claims, saying fires within Malaysia are causing the pollution. Full Story

 

2020 Dem Debates: Round Three

Round three of the Democratic debates is scheduled for 8 p.m. EDT Thursday at Texas Southern University in Houston. It’s the first debate to be contained to one night, and is expected to take three hours. 10 candidates will be on stage; former Vice President Joe Biden (DE), Senator Elizabeth Warren (MA), Sen. Bernie Sanders (VT), Sen. Kamala Harris (CA), South Bend Mayor Pete Buttigieg (IN), former Congressman Beto O’Rourke (TX), businessman Andrew Yang (NY), Sen. Cory Booker (NJ), former Housing and Urban Development Secretary Julian Castro (TX), and Sen. Amy Klobuchar (MN). Full Story

 

Asian markets move higher on hopes for a cooling trade war

Hong Kong (CNN Business)Asian stocks rallied Friday on continued hopes for a break in the US-China trade war.

Hong Kong’s Hang Seng (HSI) was up 0.3% at market open, gaining ground after posting losses Thursday. Japan’s Nikkei (N225) jumped nearly 1%.
Markets in mainland China and South Korea were closed for holidays. Full Story

France pension reform: huge jams

France pension reform

Macron pension reform: Paris paralysed by massive strike

The French capital is seeing huge jams and massive crowds on the few metro lines running as transport workers strike against planned France pension reform.

Ten of Paris’s 16 lines were shut and service on the others was disrupted.

Many workers cycled, walked or stayed at home, while free rides were on offer on transport operator RATP’s e-moped and Uber’s e-bike and scooter networks.

The strike, the biggest since 2007, is the first big act against President Macron’s plan for a universal pension.

It would replace dozens of different pension schemes for different professions.

Macron unveils reforms after yellow-vest protests
How safe are electric scooters?
Could e-bikes be the future?
Members of other professions including lawyers, airline staff and medical workers have called for more strikes starting on Monday.

What is the situation in Paris?
There were 235km (145 miles) of traffic jams in the Paris region, officials said, more than double normal levels.

Local media showed photos of crammed platforms on four metro lines, where some trains were running.

Le Parisien newspaper said a legal requirement to maintain a minimum level of service – in place following a big strike in 2007, which was also against a pension overhaul – was not being fulfilled.

Three of the city’s five regional rail lines, run by national rail operator SNCF, were running as normal but the two other lines were offering a reduced rush hour service and no trains at all during the rest of the day. Full Story

Myanmar’s deadly ‘jade rush’

The world’s biggest jade mines are found in the restive Kachin state in Myanmar.

BBC Burmese gained rare access to area where mountains have been turned into moonscapes. Full Story

South Africa sexual violence protesters target stock exchange

People campaigning over the high levels of violence against women in South Africa have taken their protest to the financial heart of the country.

Hundreds have gathered outside the Johannesburg Stock Exchange to call on the country’s big firms to do more to tackle gender inequality. Full Story

 

Malaria vaccine in Kenya – a potential game-changer

The world’s first malaria vaccine is being rolled out in parts of Kenya from Friday, after previously being released in Ghana and Malawi.

It will be added to the routine vaccination schedule, and more than 300,000 children are expected to receive the vaccine over the next three years. Full Story

Other article of interest

Stock Market Crash Stories Experts Push Equate to Nonsense

Most Hated Stock Market Bull can’t be stopped by weak economy

Permabear – A Special Kind Of A Stupid One

Technology Driven Deflation Will Kill The Inflation Monster

Nothing about 1987 stock market crash anniversary

Nickel Stocks Has Put In A long Term Bottom