Trump Says He Could Weigh in on Huawei CFO Case
VANCOUVER, CANADA – December 12, 2018 President Trump said on Tuesday he would intervene with the Justice Department in the case against a Chinese telecommunications executive if it would help secure a trade deal with Beijing. “If I think it’s good for the country, if I think it’s good for what will be certainly the largest trade deal ever made – which is a very important thing – what’s good for national security – I would certainly intervene if I thought it was necessary,” Trump said in a wide-ranging interview with Reuters in the Oval Office. At the request of US auth...
Shale gas: an additional source of energy and problems
MIDLAND – December 12, 2018 The U.S. government has become a pitchman for the natural gas industry. That could raise profits — and temperatures. But cheap gas appeared to be too expensive for America in terms of environmental safety. Three states — Louisiana, Texas and Pennsylvania-are on the verge of an environmental disaster. American gas production is projected to account for almost 40% of the world’s gas growth through 2040, according to the International Energy Agency. Countries like China are buying up tank loads of LNG — natural gas that has been supercooled to l...
Fed Decides to Replace Key Rate
NEW YORK – December 12, 2018 The debate to replace the Federal Reserve’s key interest rate has begun, Bloomberg reports. Spurred by declining volumes and the dominance of a few participants in the market for Fed funds, the central bank has started discussing potential alternative policy benchmarks as it seeks firmer control over the nation’s short-term interest rates. While the deliberations have been largely overshadowed in recent weeks by speculation over a shift in the Fed’s tightening trajectory and the fate of its $4.1 trillion balance sheet, where they lead could...
Who Will Pick Up the Banner of Globalism?
WASHINGTON, DC – December 10, 2018 Economic growth has been the defining feature of a historic global success story spanning the past 75 years. Even with its limitations, globalization has lifted more than 1 billion people out of poverty and delivered unprecedented improvements in virtually all areas of human development. However, in recent years, the banner of globalism has fallen from the hands of the United States. China tried to catch it. But it does so very carefully and still does not know where and how it will carry it. In 2018, trade, more than any other policy a...
The Euphoria Didn’t Even Last Two Days: US Stock Exchange Gripped by Financial Panic
NEW YORK – December 5, 2018 At the G20 summit in Buenos Aires, the President Trump and Chinese President XI Jinping agreed to suspend the trade war for ninety days. However, the positive mood in the market did not last long. It took only 2 days for the US stock indices to fall by more than 3%. In particular, the high-tech Nasdaq lost 3.8%, the Dow Jones just over 3%, and the S&P 500 broad market index collapsed by 3.25%. The vast majority of shares were in the red zone, and the leaders of the decline were high-tech giants. Amazon collapsed by almost 6%, Apple by 4.5...
Barely Hidden Threats. Part 2
NEW YORK – December 5, 2018 Part I: https://usareally.com/2210-barely-hidden-threats-part-1 The soft policies of the Fed in the past have led to the breeding of "zombie companies" in recent years, as economists used to call organizations that are unprofitable or have income too low to live by without serious borrowing. A study by the Bank for International Settlements (BIS, the international financial organization, and the official forum of Central Banks) states that "the profits of such companies did not cover their debt-servicing costs even at post-crisis ultra-low in...
Barely Hidden Threats. Part 1
NEW YORK – December 4, 2018 The crisis in the US could erupt faster than expected, as indicated by an increasing number of indirect signs. At the same time, even such positive indicators as abnormally low unemployment actually mask the problems. According to the forecasts of the largest American investment Bank Goldman Sachs, at the beginning of next year the US economy will face the consequences of recent market shocks, which could cost it 0.7% of the GDP. Analysts from Goldman Sachs believe that the fluctuations in the stock market of the last month are nothing more th...
Nebraska Has Lost Over $1 Billion on Retaliatory Tariffs
LINCOLN – December 4, 2018 Nebraska farmers keep on losing money due to so-called “retaliatory tariffs” imposed by the federal government on steel and aluminum. The estimated amount is between $700 million and $1 billion this year alone. According to a report from the Nebraska Farm Bureau, the situation in the state is really dangerous for the vital agriculture sector of the economy. "This report provides a clear picture of how much we've lost due to those tariffs and the need to improve our trade relations," Nebraska Farm Bureau President Steve Nelson said. Earlier th...
UN requires gas to cost more than $60 per liter
Katowice, Poland – December 3, 2018 Today in the grandeur of the International Congress Centre in Katowice, Poland, the UN climate change conference is getting under way. For 24 years the annual UN climate conference has served up a reliable diet of rhetoric, backroom talks and dramatic last-minute deals aimed at halting global warming. But this year’s will be a grimmer affair – by far. As recent reports have made clear, the world may no longer be hovering at the edge of destruction but has probably staggered beyond a crucial point of no return. Climate catastrophe is no...