Chinese Economy Nosedive Continues, Sinking
Oil Prices
Posted By: Dreadnought, 8/3/2022 12:12:53 AM
A poll conducted by the Caixin news service on Monday found China’s economy foundering as the second half of 2022 began, with slower manufacturing activity, higher unemployment, and a depressed real estate market. China’s weakening economy reduced its demand for oil, combining with downbeat manufacturing data from other countries to bring oil prices down by four percent. Caixin’s poll found that Chinese manufacturing activity slowed considerably in July — or possibly even contracted — after the latest round of coronavirus lockdowns ended in June and produced an exuberant surge in production. China Beige Book International (CBBI), a consulting firm for investors, said July factory output slowed to levels not seen since mid-2020 and retail sector unemployment
people like this.
people like this.
people like this.
person likes this.
people like this.
people like this.
people like this.
person likes this.
people like this.
person likes this.
person likes this.
people like this.
people like this.
person likes this.
Below, you will find ...
Most Recent Articles posted by "Dreadnought"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by
Dreadnought"
Tokyo - U.S. House Speaker Nancy Pelosi said Friday that China will not isolate Taiwan by preventing U.S. officials from traveling there.
She made the remarks in Tokyo on the final leg of an Asia tour highlighted by a visit to Taiwan that infuriated China.
The Chinese have tried to isolate Taiwan, Pelosi said, including most recently by preventing it from joining the World Health Organization.
“They may try to keep Taiwan from visiting or participating in other places, but they will not isolate Taiwan by preventing us to travel there,” she said.
During Thursday night’s broadcast of CNN Tonight, news broke that Senator Kyrsten Sinema (D-AZ) went public with her support for the so-called “Inflation Reduction Act.” Host Laura Coates was elated to announce the news to her viewers when she returned from a commercial break. Turning to her panelists, each of whom praised the legislation with the exception of Republican CNN political analyst Scott Jennings who warned his fellow panelists that this will come back to bite them.
After Coates turned to Jennings for his reaction, he let the leftists on the CNN set have it: “First of all, no games will change until 2026 because the prescription drug provisions don't kick in
On Thursday’s broadcast of CNN’s “The Lead,” Sen. Chris Coons (D-DE) reacted to concerns that the corporate minimum tax in the reconciliation bill could harm manufacturing by stating that supporting the tax “is something our caucus has come together behind.” And that while the possible impact on competitiveness should be looked at, spending the CHIPS bill will help manufacturing.
Coons began by saying, “The most important thing is that we get this bill passed.” Host Jake Tapper asked, “Sen. Toomey was on the show Sunday and he said the problem with requiring a minimum tax for corporations is that it affects the corporations’ ability to invest that money in future manufacturing
Freshman Rep. Mayra Flores focuses on
border security in first bill introduced
in Congress 2 replies
border security in first bill introduced
in Congress 2 replies
Rep. Mayra Flores is getting right to work on following through on campaign promises. One of the main focuses of her campaign was border security. The first bill she co-introduced in Congress is one on border security.
It’s a bipartisan bill. That’s important during this time of record-breaking illegal immigration and drug trafficking. A press release notes that Flores, along with Republican Congressman Dave Joyce (OH-14), Democrats Susie Lee (NV-03), and Chris Pappas (NH-01), introduced the Advanced Border Coordination Act. Companion legislation was introduced in the Senate by Senator Cortez Masto (D-NV) earlier this year. The bill focuses on strengthening border security by improving law enforcement communication and coordination
Representative Liz Cheney (R-WY) said Thursday on CNN’s “Anderson Cooper 360 ” that the United States could not be considered a nation of laws if former President Donald Trump was not prosecuted.
CNN chief national affairs analyst Kasie Hunt said, “Some have expressed concern that prosecuting former President Trump which turned him into a martyr and potentially add to his political strength for the base that follows him pretty rabidly. Do you share that concern? Do you have any concern that the prosecution would strengthen Donald Trump’s political hand?” Cheney said, “I don’t think that it is appropriate to think about it that way because the question for us is,
Remember when Virginia Democratic gubernatorial candidate Terry McAuliffe tanked his campaign when he argued that parents should not have a say in what is taught to their children in K-12 classrooms? Well, it appears Robert Francis “Beto” O’Rourke, who is running for Texas governor, made the same blunder. His chances of winning were slim before. But now, it appears he will have more in common with McAuliffe than the belief that kids should belong to the state, not their parents.
On Wednesday, footage of O’Rourke, an Irishman who pretends to be Hispanic to get votes, surfaced on social media in which he lashed out at those who oppose ideas inspired
Senate Democrats cleared a huge hurdle Thursday night by securing Kyrsten Sinema’s support for a modified signature climate, tax and health care proposal, and will move forward on the legislation on Saturday.
The Arizona Democratic centrist announced that she’s signed off on the legislation after winning tweaks that include the removal of a narrowed loophole for taxation of certain investment income, a provision known as carried interest. In a statement, Sinema said she’s also won changes that would “protect advanced manufacturing, and boost our clean energy economy.”
The U.S. Department of Justice on Wednesday sued Peter Navarro, an adviser to former President Donald Trump, seeking emails from his time in the White House that he has refused to return without a grant of immunity.
The lawsuit, filed in U.S. District Court in Washington, D.C., centers on Navarro's use of a personal ProtonMail for some official White House business.
Mr. Navarro is wrongfully retaining presidential records that are the property of the United States, and which constitute part of the permanent historical record of the prior administration,"
Biden administration making plans to use
public health emergency authorities to
combat monkeypox 22 replies
public health emergency authorities to
combat monkeypox 22 replies
The Biden administration and U.S. public health officials are developing a plan to use public health emergency authorities to speed up the distribution of the monkeypox vaccine, two senior administration officials and another person with knowledge of the matter told POLITICO.
A decision memo created by the Department of Health and Human Services has circulated through U.S. health agencies and secured broad support from agency heads. The memo would call monkeypox a public health emergency, according to the two senior administration officials. White House monkeypox response coordinator Robert Fenton also supports using these authorities to speed up
Republican states are planning an all-out
assault on woke banks: 'We won’t do
business with you' 7 replies
assault on woke banks: 'We won’t do
business with you' 7 replies
Republican state officials are readying plans to punish woke banks which push anti-fossil fuel policies and adhere to so-called environmental, social and governance (ESG) standards. West Virginia announced last week it would bar five major financial institutions, including BlackRock, Goldman Sachs and JPMorgan, from entering into banking contracts with the state treasurer's office or any state agency. Each of the five corporations had committed to policies limiting commercial engagement with the fossil fuel industry which paid a whopping $769 million in taxes to West Virginia's state government.
"We're not going to pay for our own destruction
In the summer of 2020, as crime skyrocketed during the Covid-19 pandemic and in the wake of George Floyd’s killing, Don Samuels worried about his North Minneapolis neighborhood.
For 25 years, Samuels and his wife, Sondra, have been leaders in the effort to stabilize the Jordan neighborhood, one of the most challenged in the city, and to fight for resources. Samuels was proud of what he and his neighbors had accomplished over the years, but he was concerned that everything they’d built was unraveling, fast.
People were running red lights, driving on the sidewalks, and driving vehicles without license plates, seemingly with no consequences,
WNBA star Brittney Griner was sentenced to nine years in prison after she was found guilty of drug possession and drug smuggling by a Russian judge on Thursday. She was also fined 1 million rubles.
Russian prosecutors asked the court to hand Griner a 9.5-year prison sentence. The defense then started its arguments. Griner faces up to 10 years in prison.
Griner offered an apology ahead of the sentencing. "I want to apologize to my teammates, my club, my fans and the city of (Yekaterinburg) for my mistake that I made and the embarrassment that I brought on them," she said. "I want to also apologize to my parents, my siblings,
Most Active Articles (last 48 hours)
Dick Cheney eviscerated Donald Trump as the greatest threat to the United States of all time in a new campaign ad for his daughter, Rep. Liz Cheney, who is facing steep primary prospects.
'In our nation’s 246 year history there has never been an individual who is a greater threat to our Republic than Donald Trump,' Cheney said in a new clip.
The congresswoman brought out her 81-year-old former vice president dad as a last ditch effort to defy recent polling that puts her squarely behind primary rival Harriet Hageman ahead of an Aug. 16 primary.
A viral tweet is indicative of the unhinged fear that liberals dramatize when it comes to visiting red states such as Texas, Kentucky, or Florida and how unsafe one New York resident claims to feel driving through conservative America.
“My husband thinks I’m crazy because I refuse to visit or even drive THROUGH a red state because I dont feel safe. Would you drive through Kentucky or Texas with NY State license plates? Am I being obtuse?” a liberal New Yorker tweeted.
The tweet set off a ton of reactions on social media. It currently has over 9,600 likes, so either the bots are very busy or
WNBA star Brittney Griner was sentenced to nine years in prison after she was found guilty of drug possession and drug smuggling by a Russian judge on Thursday. She was also fined 1 million rubles.
Russian prosecutors asked the court to hand Griner a 9.5-year prison sentence. The defense then started its arguments. Griner faces up to 10 years in prison.
Griner offered an apology ahead of the sentencing. "I want to apologize to my teammates, my club, my fans and the city of (Yekaterinburg) for my mistake that I made and the embarrassment that I brought on them," she said. "I want to also apologize to my parents, my siblings,
White House press secretary Karine Jean-Pierre is rapidly building a reputation for herself as the high priestess of ill-preparedness.
“I would have to get back to you on that” is her typical reply to even the most elementary of questions.
She also isn't exactly an adept wordsmith. If she continues down this path, perhaps someday she may surpass Kamala Harris.
Just yesterday, Joe Biden signed an executive order that ensures access to abortion for women following the Supreme Court's decision to overturn Roe v. Wade (1973).
Biden said the order helps women travel out of state to receive abortions, ensuring that health care providers comply with federal law
President Biden blasted Russia for sentencing Brittney Griner to 9 years in a penal colony for cannabis possession and smuggling, calling the decision “unacceptable.”
“Today, American citizen Brittney Griner received a prison sentence that is one more reminder of what the world already knew: Russia is wrongfully detaining Brittney,” Biden said in a statement released by the White House.
“It’s unacceptable, and I call on Russia to release her immediately so she can be with her wife, loved ones, friends, and teammates,” he continued.
The World Health Organization declaration of Monkeypox as a “Public Health Emergency of International Concern” (PHEIC), was made by one man, WHO Director-General Tedros Adhanom Ghebreyesus, who has no medical training, over the objection of the majority of his own expert committee of medical and scientific advisors. Nine of the committee members thought a PHEIC should not be declared and six supported a declaration.
“Nine and six is very, very close.(snip) I decided to act as a tie-breaker,” Tedros said(snip)
Perhaps it is the “new math” that leads to the conclusion of a “tie” with a 3-vote majority on one side? And why did Tedros decide to go with the minority
Representative Liz Cheney (R-WY) said Thursday on CNN’s “Anderson Cooper 360 ” that the United States could not be considered a nation of laws if former President Donald Trump was not prosecuted.
CNN chief national affairs analyst Kasie Hunt said, “Some have expressed concern that prosecuting former President Trump which turned him into a martyr and potentially add to his political strength for the base that follows him pretty rabidly. Do you share that concern? Do you have any concern that the prosecution would strengthen Donald Trump’s political hand?” Cheney said, “I don’t think that it is appropriate to think about it that way because the question for us is,
The IRS about to go 'beast mode'?
24 replies
Just how bad is the Biden administration and Democrat Congress's grossly misnamed "Inflation Reduction Act" of 2022?
The Wall Street Journal has a shocking lead editorial titled "The IRS is About to Go Beast Mode" about the particulars of its $80 billion expansion of the IRS, which is six times the size of the tax agency's current $12.6 billion budget:
The $80 billion is more than six times the current annual IRS budget of $12.6 billion. The money will be ladled out over nine years and comes with few strings attached. The main Democratic command is for the tax agency to bring the hammer down on taxpayers.
Senate Democrats cleared a huge hurdle Thursday night by securing Kyrsten Sinema’s support for a modified signature climate, tax and health care proposal, and will move forward on the legislation on Saturday.
The Arizona Democratic centrist announced that she’s signed off on the legislation after winning tweaks that include the removal of a narrowed loophole for taxation of certain investment income, a provision known as carried interest. In a statement, Sinema said she’s also won changes that would “protect advanced manufacturing, and boost our clean energy economy.”
The United States’ Use Of Nuclear Weapons
77 Years Ago Was A Moral And Strategic Imperative 22 replies
77 Years Ago Was A Moral And Strategic Imperative 22 replies
Americans are no strangers to “times that try men’s souls,” to borrow a phrase from Thomas Paine. By mid-1945, the United States had been at war for three-and-a-half years, enduring the draft, separation from loved ones, mounting numbers of casualties, and rationing, with no end in sight. Many Americans were weary, not unlike our feelings now, after two-and-a-half years of privations and anguish related to the COVID-19 pandemic. That sense of anxiety and the widespread desire to return to normality brought to mind how World War II was suddenly – and to many, unexpectedly – resolved.
Biden administration making plans to use
public health emergency authorities to
combat monkeypox 22 replies
public health emergency authorities to
combat monkeypox 22 replies
The Biden administration and U.S. public health officials are developing a plan to use public health emergency authorities to speed up the distribution of the monkeypox vaccine, two senior administration officials and another person with knowledge of the matter told POLITICO.
A decision memo created by the Department of Health and Human Services has circulated through U.S. health agencies and secured broad support from agency heads. The memo would call monkeypox a public health emergency, according to the two senior administration officials. White House monkeypox response coordinator Robert Fenton also supports using these authorities to speed up
Craft breweries across America have been on the front lines of businesses facing higher material costs because of inflation.
Now, many are confronting a shortage of a key ingredient: carbon dioxide, the gas that gives beer its crisp, effervescent taste.
And one brewer has already said it plans to shut down a key manufacturing plant and lay off workers as a result.
Night Shift Brewing, in Everett, Massachusetts, just outside Boston, cited the CO2 shortage as the reason it is suspending operations at its longtime facility and outsourcing to nearby locations instead.
"Come October 1, we won’t likely have jobs for many of this team," the company said in a statement on Instagram.