Stephen Stanley, chief US economist at Santander Bank, said that any impact was likely to be small. “The biggest deflationary force in goods prices here of late has been used vehicles, which has nothing to do with China,” he said.
BYD, China’s biggest carmaker, recently announced price cuts of between 5 and 15 per cent for its electric vehicles in Germany, after Mercedes-Benz warned late last year that its profits were being hit by a “brutal” price war in electric vehicles.
Citigroup analysts said this month that falling prices in China could help to hasten moves by central banks in emerging markets to cut interest rates this year, particularly in countries that consume relatively large shares of Chinese goods.
“We as investors are only just starting to connect the dots” on how falling prices imported from China might play out across markets, said Luis Costa, global head of emerging markets sovereign debt strategy at Citigroup. “The question is the magnitude.”
Every technology that China invests in developing for themselves has ultimately improved access to that tech in the global south beyond anything the west has done. Solar and smart phones being the first two examples with high speed rail coming along too. This will likely follow a similar process. I’m excited to see where this leads.
AH, so pesticide chemtrails are A OK for these folks! As long as is doesn't have the express purpose of affecting the temperature, weather, or intensity of sunlight, you can spray all kinds of fun chemtrails!
I guess this bans crop-dusting of any kind unless there is some altitude stipulation involved. Kinda funny if that pans out to be true because I'm sure these Tennessee Republicans are not too keen on organic farming practices.
According to the IMF, China generated 28 per cent of total global savings in 2023. This is only a little less than the 33 per cent share of the US and EU combined. That is quite extraordinary. It also has several implications. One is that if China were an open market economy, its capital markets would be the biggest in the world. Another is that how these savings are managed is likely to be the most important single determinant of global interest rates and the global balance of payments.
FT refuting 'China debt trap' myth:
If China wants the mercantilist solution to excess savings it will have to fund smaller emerging and developing countries. It can pretend these are loans. But much of the money will be grants, after the fact. If it ends up funding renewable energy there, that could be good for the world. But, from China’s perspective, it would be a costly gift.
the EU top diplomat replied to Biden’s recent description of Israel’s military conduct in Gaza as being “over the top.” Borrell noted that "if you believe that too many people are being killed, maybe you should provide less arms in order to prevent so many people being killed."
This is going to boost the insurance rates I would imagine. Prosperity Guardian is going to be spending money on protecting a handful of the most risk-tolerant ships/crews. The only other traffic will be non-genocider/enablers stuff that won't be targeted anyway.
Makes me wonder if BRICS dedollarization is going to become the economic stick wielded against the genociders and their enablers. They seem very dedicated to isolating themselves from the vast majority of the rest of the world.
Over many years, the United States has criticised NATO Allies for not spending enough on defence.
Rightly so.
And I commend the U.S. leadership on this important issue.
But things have changed.
All Allies have increased defence investments.
Adding an additional 450 billion dollars.
NATO Allies have committed to spending at least 2% of their GDP on defence.
And many are exceeding that target already.
For example, this year Poland will spend more than 4%.
No other Ally spends more.
With more money, we are boosting our defence industry.
NATO creates a market for defence sales.
Over the last two years, NATO Allies have agreed to purchase 120 billion dollars’ worth of weapons from U.S. defence companies.
Including thousands of missiles to the U.K, Finland and Lithuania,
Hundreds of Abrams tanks to Poland and Romania,
And hundreds of F-35 aircraft across many European Allied nations – a total of 600 by 2030.
From Arizona to Virginia, Florida to Washington state,
American jobs depend on American sales to defence markets in Europe and Canada.
What you produce keeps people safe.
What Allies buy keeps American businesses strong.
So NATO is a good deal for the United States.
Ladies and gentlemen,
The Heritage Foundation stands for the power of ideas that keep America strong.
NATO is an incredibly powerful idea.
That advances U.S. interests.
And multiplies America’s power.
The total death toll in Gaza since October 7 has increased to at least 28,340 Palestinians, while an estimated 67,984 have been injured.
Israeli media reported that in the early morning of February 12, two Israeli hostages were recovered by Israeli forces in Rafah, marking the first time hostages had been taken in a military operation.
The Zionist Entity's actions clearly show that they value the life of 1 citizen as equivalent to ~15,000 Palestinian lives. That's just simple logic and math.
After the 1973 Old Bailey (IRA) bombing, Redgrave volunteered to post bond for the defendants and offered up her own house in West Hampstead, should any of them need a place to stay. None of the defendants were released from custody to take her up on her offer.
In 1980, Redgrave made her American TV debut as concentration camp survivor Fania Fénelon in the Arthur Miller-scripted TV movie Playing for Time, a part for which she won an Emmy as Outstanding Lead Actress in 1981. The decision to cast Redgrave as Fénelon was, however, a source of controversy. In light of Redgrave's support for the Palestine Liberation Organization (PLO), Fénelon herself and the Jewish groups the Simon Wiesenthal Center, the Anti-Defamation League, and the American Jewish Congress objected to Redgrave's casting. Rabbi Marvin Hier of the Simon Wiesenthal Center wrote in a telegram that, "Your selection shows utter callous disregard of the tens of thousands of survivors for whom Miss Redgrave's portrayal would desecrate the memory of the martyred millions. Your decision could only be compared to selecting J. Edgar Hoover to portray Martin Luther King Jr." Producer David L. Wolper in a telephone interview compared it to letting the head of the Ku Klux Klan play a sympathetic white man in Roots, a miniseries about the slave trade. Arthur Miller said "She's a Marxist; this is a political matter. Turning her down because of her ideas was unacceptable to me; after all I suffered the blacklist myself".
from her wiki page, there's other cool stuff too, but these jumped out
![culpritus [any]](https://hexbear.net/pictrs/image/80c1fc59-9085-4e68-8054-71ffbc286df8.jpeg?format=webp&thumbnail=128)
passing each other meme
USA lethal aid -->>> | <<<-- 'some Palestinians'