US equity futures are flat, alongside European and Asian stocks as global markets recovered some ground on Tuesday after oil prices stabilized and as trade war fears subsided with attention still squarely focused on Trump’s Putin summit, even as global tech stocks, Nasdaq futs and FAANGs – or is that FAAGs now – felt the pressure from yesterday’s NFLX earnings bomb. The dollar rebounded from overnight lows if still down for the 4th day ahead of a bevy of earnings and before Fed Chair Jerome Powell’s much-anticipated testimony to the U.S. Congress.
Our National Health Service just turned 70! According to a recent article in The Guardian by Polly Toynbee , The NHS is our religion in the UK and that’s why the conservative government can’t destroy it. Of course, the Conservative government have never actually tried to destroy the NHS. They haven’t even reduced the amount spent on the NHS. They haven’t even halted increases in healthcare spending. The only thing they have done is reduced the rate at which spending is going to continue to increase.
A huge iceberg has drifted dangerously close to a village on the western coast of Greenland, causing concern that it could trigger a tsunami if it breaks apart. The 300-foot-high mountain of ice lies adjacent to the village of Innaarsuit, a tiny town with 169 inhabitants.
According to the Danish Broadcasting Corporation (DBC), 33 inhabitants closest to the water were evacuated on Friday and still are not allowed back to their homes. Some evacuated people have moved further inland to stay with friends or relatives in nearby towns.
“Far from leading to fusion, Europe’s migration crisis is leading to fission”, Stanford’s historian Niall Ferguson recently wrote. “Increasingly, I believe that the issue of migration will be seen by future historians as the fatal solvent of the EU”. Week after week, Mr. Ferguson’s prediction seems to be turning into a reality.
Not only does Europe continue to fragment as anti-immigration sentiment gathers political strength, but, as a result of the migrant crisis, the EU’s border-free internal zone, Europe’s most cherished prize after the Second World War, is now defined as “at risk” by the Italian government, among other governments, such and Austria.
President Trump became the latest leader to experience the “Putin wait” today, with the Russian president 45 minutes overdue for their summit in Helsinki.
But, as Statista’s Niall McCarthy notes, Vladimir Putin has earned a reputation for keeping other world leaders waiting.
Since 2003, the Russian leader has arrived late for numerous high profile meetings with heads of state, dignitaries and prominent officials.
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The Pope isn’t even immune from Putin’s poor timekeeping skills and he was forced to wait just under an hour for a meeting in 2015.
The British are finding out in their Brexit voyage that escaping from the “might” of an EU dominated by Germany is perilous. At this point there are many grounds for despairing about the ability of their political leaders to achieve a meaningful exit. There would have been much stronger grounds for hope if the May government had nurtured an alliance with the US whilst simultaneously moving to provide its fellow citizens with superior money to the euro which incidentally would bolster the competitiveness of the UK financial sector once outside the EU.
History is full of trade wars.
In the majority of cases, the consequences are mostly economic – trade barriers are enacted, and then retaliatory measures are used to counter. Relations can continue to escalate until an understanding can be reached by both parties.
In the minority of cases, trade wars can lead to world-changing consequences.
You may remember that the Boston Tea Party of 1773 was a bold response to an unfair trade measure imposed by a ruling power, and it proved to be a key catalyst that led to the American Revolution.
Over the past two years there have been increasing reports of supposed “sonic injuries” among US diplomats. First in Cuba and more recently in China. Controversial implications are that the US officials may have been maliciously targeted by a “sonic weapon” in host countries. However, a more likely explanation is that the alleged victims are the result of US attempts to create “super spies”.
The number of American diplomats reportedly suffering from suspected “sonic injuries” is increasing, with 11 officials evacuated earlier this month from China. Initially, the mysterious incident was reported at just one US consular location in the city of Guangzhou. Now the suspicion of brain injuries has spread to American diplomats stationed in Beijing and Shanghai.
As discussed previously, the Army’s Training and Doctrine Command, or TRADOC, drafted a new strategy for how soldiers will operate, fight, and campaign successfully across multiple domains—space, cyberspace, air, land, maritime—against all enemies (Russia and China) in the 2025-2040 timeframe.
Warrior Maven has confirmed that the Army is literally “gearing up” for decades of hybrid conflict, and in doing so, testing and prototyping self-generating “Ironman-like” soldier exoskeletons. These “breakthrough” suits are designed to transform the combat mission by supporting soldier movements, generating electricity, powering weapons systems and substantially lowering the weight burden of what soldiers carry on the modern battlefield.
Talk of becoming world No.1 backfired, hurting even dinner tables…
Soon, all 1.4 billion Chinese will be feeling the pinch of Donald Trump’s presidency an ocean away.
They will look at their dining table and notice their favorite dishes — Chinese-style deep fried chicken, firecracker chicken and twice-cooked pork — are all cooked with lots of oil, much of which is pressed from the seeds of American or Brazilian soybeans.