Wednesday, March 8, 2017

"The Beijing Conference": See How China Quietly Took Over Africa | Zero Hedge

"The Beijing Conference": See How China Quietly Took Over Africa | Zero Hedge:



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In First Trade War Shot, Mexico Cancels Sugar Export Permits To U.S. | Zero Hedge

In First Trade War Shot, Mexico Cancels Sugar Export Permits To U.S. | Zero Hedge: "Whether and how the Trump administration will respond to this pre-emptive trade dispute escalation, which could cause a spike domestic sugar prices, has yet to be seen. For now, the president appears to have his hands full with repealing Obamacare, which as we reported yesterday has been met with open rebellion by conservative groups, and will likely not have the required number of seats to pass the House while its passage in the Senate remains highly doubtful, in the process delaying the implementation of Trump's tax -and trade - policies as well."



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Monday, February 27, 2017

WHO says these bacteria pose greatest risk to humans

WHO says these bacteria pose greatest risk to humans: "WHO priority pathogens list for R&D of new antibiotics

Priority 1: Critical

Acinetobacter baumannii, carbapenem-resistant
Pseudomonas aeruginosa, carbapenem-resistant
Enterobacteriaceae, carbapenem-resistant, ESBL-producing


Priority 2: High

Enterococcus faecium, vancomycin-resistant
Staphylococcus aureus, methicillin-resistant, vancomycin-intermediate and resistant
Helicobacter pylori, clarithromycin-resistant
Campylobacter spp., fluoroquinolone-resistant
Salmonellae, fluoroquinolone-resistant
Neisseria gonorrhoeae, cephalosporin-resistant, fluoroquinolone-resistant


Priority 3: Medium

Streptococcus pneumoniae, penicillin-non-susceptible
Haemophilus influenzae, ampicillin-resistant
Shigella spp., fluoroquinolone-resistant"



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George W. Bush opens up on Trump's war with the media, Russia and travel ban

George W. Bush opens up on Trump's war with the media, Russia and travel ban: "Bush was asked about the media's role in light of President Donald Trump's recent characterization of the media as "enemies of America." He noted he spent a lot of time during his two terms trying to convince Russian President Vladimir Putin to embrace an independent press.

"It's kind of hard to tell others to have an independent free press when we're not willing to have one ourselves," he said.

Bush also addressed the controversy over Trump advisers and the role they may have played in the scandal involving Russian hackers who tried to intervene in the election, saying he would leave questions about whether a special prosecutor should investigate up to the Senate intelligence committee leaders.

"I think we all need answers," he said, noting that he was not a lawyer so, "I'm not sure the right avenue to take."

Bush, the last Republican to occupy the White House before Trump, also was asked about President Trump's controversial executive order that banned immigrants from predominantly Muslim nations.

Asked pointedly if he favored or opposed the policy, Bush said, "I am for an immigration policy that is welcoming and upholds the law.""



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Trump's first budget proposal will call for $54 billion increase in defense spending

Trump's first budget proposal will call for $54 billion increase in defense spending: "President Donald Trump's first budget will call for a $54 billion increase to defense spending and an equal cut in what his administration deems lower priority programs, White House budget officials told reporters Monday.

The defense buildup that Trump repeatedly promised on the campaign trail would mark about a 10 percent spending boost. Under Trump's proposal, most federal agencies would face budget reductions, an Office of Management and Budget official said. Foreign aid spending would also drop.

The officials, who spoke on the condition of anonymity at the White House's insistence, did not say which federal departments would see the biggest cuts.

Speaking at a meeting with governors Monday, Trump said his administration will "do more with less and make the government lean and accountable."

The budget "will include a historic increase in defense spending to rebuild the depleted military of the United States of America at a time we most need it," Trump said at the White House.

Trump will give more details on his budget priorities in an address to a joint session of Congress on Tuesday night.

Trump has not officially introduced his budget but will start a discussion with agencies about how much money will be cut, an OMB official said. Trump plans to submit his desired defense budget and agency spending cuts to Congress next month. Congress ultimately passes the budget that the president signs.

The budget proposal will not address tax reform or mandatory spending.

The New York Times previously reported that Trump's White House wants big cuts at the Environmental Protection Agency and State Department. The administration also wants to seek cuts for some social safety net programs, but not the large entitlement programs for retirees, the Times said."



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Wednesday, January 11, 2017

Donald Trump misquotes jobs number

Trump said that there "are 96 million wanting a job and they can't get (one). You know that story. The real number. That's the real number."
It is unfortunately very far from the real number. There are in fact 96 million Americans age 16 and older who are not in the labor force. Of this, just 5.4 million, or 91 million fewer than the number cited by Trump, say they want a job. The rest are retired, sick, disabled, running their households or going to school. (This number is 256,000 fewer than last year and 1.7 million fewer than the all-time high for the series in 2013.)
Defining the size of the jobs problem in America is critical for the administration and the Federal Reserve to get economic and monetary policy right. If there is indeed a large cadre of Americans who want work but can't get it, it makes sense to have strong fiscal and monetary stimulus. If that number is shrinking, as the data suggest, it means much less policy is needed and too much could ignite inflation.