Podcasts about even china

On this episode of “Sara Gonzales Unfiltered,” President Donald Trump continues to rattle Democrats as more countries begin to fold under his threat of massive tariffs. Even China may be coming around to a more fair-trade deal with America. Then, Donald Trump signed an executive order lowering the cost of prescription drugs. Several Democrats attempt to storm an ICE facility in New Jersey and think that they've done nothing wrong.   Today's Guest: Sara is joined by BlazeTV contributor Matthew Marsden.     Today's Sponsors:   Birch Gold: Birch Gold will help you convert an existing IRA or 401(k) into a GOLD IRA for no money out of pocket! Just text SARA to 989898 and receive your free, no-obligation info kit on GOLD.   Lean (Brickhouse Nutrition): If you want to lose meaningful weight at a healthy pace, Lean was created for you. Let me get you started with 20% off when you enter "sara20" at http://www.takelean.com.   Preborn: How many babies can you save? Please donate your best gift today — just dial #250 and say the keyword BABY. Or go to http://www.preborn.com/SARA.   CBDistillery: For a limited time, you can save 25% off your entire purchase. Visit http://www.cbdistillery.com and use promo code SARA.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Adam Schiff on Wednesday called on Congress to investigate whether President Donald Trump engaged in insider trading or market manipulation when he abruptly paused a sweeping set of tariffs, a move that sent stock prices skyrocketing.~This episode is sponsored by LAK3~Lake3 leverages blockchain technology to decentralize the water industry. By introducing the LAK3 token as the first universal cryptocurrency for water, LAKE creates a decentralized, transparent, and efficient ecosystem inviting individuals to the water economy. Learn more ➜ lake3.ioFollow on X➜ https://x.com/lake_lak300:00 Intro00:16 Sponsor: LAK301:20 CLIP - China tensions rise04:36 Supply chain crisis begins05:10 Trump ignites insider trading accusations06:24 Warren goes after Trump market manipulation07:50 Senator GRILLS Jamieson Greer on tariffs09:05 Tax Bill passes09:30 Tom Lee - I was getting nervous11:30 Even China joined the rally13:04 Countries falling in line13:31 Anthony Scaramucci - No we need clarity14:57 Inflation is down16:11 Fed rate cut odds16:34 Senate officially confirms Paul Atkins oas SEC Chairman17:02 Outro#Bitcoin #Crypto #tariffs~Market Manipulation?

#RUSSIA: All banks are fearful of secondary sanctions, even China's. Michael Bernstam, Hoover. https://www.msn.com/en-us/news/world/nearly-all-chinese-banks-are-refusing-to-process-payments-from-russia-report-says/ar-AA1oLZjY undated

Even China news suggesting that Chinese chips would be favored over others wasn't enough to shake this market. The major indexes continued to trade sideways but are making themselves comfortable above prior levels of resistance. It's still worth sticking with A-list stocks and today we'll take that literally with a look at Arm Holdings as it broke a recent downtrend on the China news. Also worth watching is Axon, formerly known as Taser, as it consolidates the gains from its last earnings move. Finally, it might be slow and boring but insurance companies like Allstate are filling the ranks of leadership and Allstate broke out of a short cup today.

Massive fire leads to indefinite closure of 10 Freeway in downtown Los Angeles. Intro on Tiffany Hobbs. LA's unaffordable housing crisis bled onto my apartment complex. More on LA's unaffordable housing crisis bled onto my apartment complex. Even China's 1.4 billion population can't fill all its vacant homes, former official says. The shockingly low amount most Americans tip at restaurants. 2 robots on the market: Miko and Loona. More on 2 robots on the market: Miko and Loona. Video of two AI chatbots playing game of 20 questions together leaves people terrified.

Kia ora,Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news that as global price pressures ease, we may be starting to see a wage-price surge locally.But first, the American housing market is continuing its measured rise with a surprise rise in February pending home sales. You may recall they rose more than +8% year-on-year in January, and analysts thought February would give back about -2.3% of that. But in fact they rose again, by +0.8%, and locking in the gains. It is the Northeast where the big gains are coming from; the West remains weak. It's a recovery of transaction volume at this stage, not in prices, where the median remained at US$363,000 (NZ$583,000).This gain in real estate volume may well have carried on into March. Mortgage applications rose +2.9% last week, a fourth consecutive week of increases, and the longest winning streak in four years. Mortgage interest rates were little-changed with the benchmark 30yr fixed rate at 6.45% plus points, but that is a one-month low.Singapore reported that their producer prices are deflating fast now, down -4.7% in February on top of a -1.5% drop in January from the same month a year ago.In Thailand, their central bank raised its policy rate by +25 bps to 1.75%. They are reporting a good recovery and a growing economy. Their rate increase is part of their 'normalisation' program.Yet another survey reported that German consumer sentiment is improving, extending the trend to six consecutive months.But in Russia, retail sales are sharply lower (-7.8%), as is industrial production (-1.7%). Both sets of data are worse in February than January.Although it is not expected to have much impact on trade flows, the CPTPP eleven nation trade group is expected to agree that the UK can join. You may recall that both Taiwan and China have also applied, but they will be caught up in the global political rivalry. The CPTPP is the high-standard trade bloc promoted by the US Obama Administration, but was abandoned by the Trump Administration. However, even without the US it is doing an effective job raising trade deal standards especially labour and environmental standards. Even China's preferred RCEP looks up to the CPTPP.In Australia, their inflation rate is moderating, although it remains very high. Their CPI rose 6.8% in the year to February, easing from a 7.4% gain in the year to January. This was less than the 7.1% expected and was the second straight month of lower annual inflation and the softest pace since last June. The easing is largely due to slower rises in prices of housing, food, and transport. Financial markets were pricing virtually no change to the RBA cash rate at next week's review, and may be vindicated by this CPI update. But ANZ says it thinks the RBA will hike by +25 bps again next week because inflation is "still too high". New Zealand won't get its March CPI update until April 20.But whether Aussie inflation continues to moderate is still up in the air. Their unions seem ready to push for big +7% wage claims in cost-of-living campaigns at both state and national levels, and in both the public and private sectors.Tallies of funding activity in international financial markets shows that Australian banks are having no problems raising money. All recent issues (especially by ANZ, CBA and NAB) have been heavily over-subscribed, enabling them to have raised most of their 2023 requirements already. International investors seem to prize Aussie banks for their "unquestionably strong" capital benchmarks.The UST 10yr yield starts today at 3.56%, up +2 bps from yesterday. The price of gold will open today at US$1965/oz and down -US$5 from this time yesterday.And oil prices start today unchanged from yesterday at just over US$73.50/bbl in the US. The international Brent price is now just on US$78/bbl. The Kiwi dollar is down -¼c against the USD and now at 62.2 USc. Against the Aussie we are little-changed at 93.1 AUc. Against the euro we are also little-changed at 57.5 euro cents. That means the TWI-5 is now up at 70.2 with a minor -10 bps daily dip.The bitcoin price is much higher today, now at US$28,246 and up +5.0% from this time yesterday. Volatility over the past 24 hours has been high too at +/-3.5%. You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston and we'll do this again tomorrow.

Amazon best selling author & founder of Pronatalist.org. While living in South Korea as the director of Strategy at the nation's top-rated (by government survey) early-stage VC fund he uncovered at their current birth rate, there will be six great grandchildren for every hundred Koreans. This is tantamount to a disease wiping out 94% of the population over the next century. While Korea presents an extremist case, demographic collapse is seen all over the world. Even China's best efforts to boost its national birth rate have failed to bring the population up to a sustainable rate. This will be a defining issue of the next generation. Let me know what you think Text me 587-217-8500

Russia has long sought economic & military dominance in the Arctic, a region that holds as much as $35T worth of untapped oil & NG, valuable minerals including Gold, Silver, Diamond, Copper, Titanium, Graphite, Uranium & invaluable Rare Earth elements that could soon be within reach as the ice recedes.Even China—a nation with no territorial claim to the Arctic—has begun funding Arctic development projects. It underscores the region's growing global importance and influence.One thing is sure: the Arctic to Russia is what Berlin was to the West. The great powers' competition during the Cold War in Europe will now be replicated in the Arctic in the twenty-first century, but with China added to the contest.Links:https://www.amazon.com/David-S.-Ouala...https://hindustannewshub.com/world-ne...https://thebarentsobserver.com/en/arc...https://www.highnorthnews.com/en/russ...Join us on Locals:https://geopolitics.locals.com/Subscribe to our Instagram: @GeopoliticsInConflictSubscribe to our Blog: https://www.globalperspectiveconsulti...Follow us on Rumble: https://rumble.com/Ge

Friends,As Congress prepares for summer recess, average working Americans are facing increasingly hard economic times — including a likely recession (see here). Yet Congress has so far failed to provide most Americans with what they need to weather the storm — subsidies for childcare and eldercare, paid sick leave, an increase in the federal minimum wage, lower pharmaceutical costs, additional help with the next strain of COVID, and so on. At the very same time, American corporations are lining up with their hands outstretched, seeking all sorts of special benefits. And there's bipartisan support for giving them what they want.Today I want to explain why corporations so often get what they want while average Americans don't. It's not simply that corporations bribe legislators with campaign donations, although that's a big part of it. There's another phenomenon at work that you need to know about. Consider semiconductor chips. They're the brains of modern electronics — embedded in everything from smartphones, radios, TVs, computers, video games, and advanced medical diagnostic equipment, to automobiles. As the world supply of almost everything tries to catch up with roaring post-lockdown demand, chips inevitably are in short supply. This week, Congress is putting final touches on the CHIPS Act, which will provide more than $52 billion to companies that design and make semiconductor chips. The subsidy is demanded by the biggest chip makers as a condition for making more chips here. It's pure extortion. You see, the world's biggest chip maker (in terms of sales) is already an American corporation — Intel, based in Santa Clara, California. Intel hardly needs the money. Its revenue rose to $79 billion last year. Its CEO, Pat Gelsinger, got a total compensation package of $179 million (which was 1,711-times larger than the average Intel employee). From the perspective of the United States, the problem is that Intel is not dealing with the current American shortage of chips by giving preference to producers in the United States, and it's not keeping America on the cutting edge of new chip technologies. In addition to its facilities in the United States, Intel designs, assembles, and tests its chips in China, Israel, Ireland, Malaysia, Costa Rica, and Vietnam. And it sells them just about everywhere. (To add another layer of complication, many of Intel's “American” customers don't actually make their products in the United States. They're headquartered in the United States but, like Intel, they design and make stuff all over the world.)Obviously, Intel would like some of the $52 billion Congress is about to throw at the semiconductor chip industry — but why exactly should Intel get the money? Among the other likely beneficiaries of the CHIPS Act will be GlobalFoundries. GlobalFoundries currently makes chips in New York and Vermont, but in many other places around the world as well. GlobalFoundries isn't even an American corporation. It's a wholly owned subsidiary of Mubadala Investment Co. — the sovereign wealth fund of the United Arab Emirates. The point is, the nation where a chipmaker (or any other global corporation) is headquartered has less and less to do with where it designs and makes things or where its customers are located. Every industry that can possibly be considered “critical” is now lobbying the U.S. government for subsidies, tax cuts, and regulatory exemptions, in return for designing and making stuff in America. But they're lobbying in other nations, too. It's a giant global shakedown. India, Japan and South Korea have all recently passed tax credits, subsidies and other incentives amounting to tens of billions of dollars for the semiconductor industry, and the European Union is finalizing its own chips act with $30 billion to $50 billion in subsidies. Even China has extended tax and tariff exemptions and other measures aimed at upgrading chip design and production there. “Other countries around the globe … are making major investment in innovation and chip production,” says Senate Majority Leader Chuck Schumer. “If we don't act quickly, we could lose tens of thousands of good-paying jobs to Europe [emphasis added].”Who is “we,” Senator? John Neuffer, the chief executive of the Semiconductor Industry Association (the Washington D.C. lobbying arm of the semiconductor industry) says the industry has been under “withering pressure” to build new manufacturing facilities to respond to the explosion of demand for chips, but he warns that chipmaking facilities are often 25 to 50 percent cheaper to build in foreign countries than in the United States. Why are they so much cheaper to build abroad? As he admits, it's largely because of the incentives foreign countries have offered.As capital becomes ever more global and footloose, it can play nation against nation to get the best deals in return for where it agrees to do what. Most people, by contrast, are rooted within particular nations, which gives them far less bargaining power. This asymmetry helps explain why Congress is ready to hand over $52 billion to a highly-profitable global industry but can't come up with even the $22.5 billion that the Biden administration says is necessary to cope with upcoming variants of COVID in the United States — for testing, therapeutics, vaccines, and essential treatments for the next generation of vaccines. The reality is that global corporations have no loyalty to any nation. As the then-CEO of U.S.-based ExxonMobil unabashedly stated, “I'm not a U.S. company and I don't make decisions based on what's good for the U.S.” If they are publicly owned, corporations have to be loyal to their shareholders by maximizing the value of their shares. But not even this guarantees that they'll act in the best interest of the United States. Over 40 percent of the shareholder value of American-based companies is owned by non-Americans. There's no reason to suppose a company's American owners will be happy to sacrifice investment returns for the good of the nation, either. Global corporations also have to obey the laws of the countries where they make or sell their stuff — which can cause problems when those laws or policies conflict with those of other nations. Last December, Intel was slammed by China for writing a letter to its suppliers, published on its website, stating that the corporation had been "required to ensure that its supply chain does not use any labor or source goods or services from the Xinjiang region” — as required by the United States (which has accused China of widespread human rights abuses in Xinjiang, home to the country's predominantly Muslim Uyghurs). Intel then deleted the reference to Xinjiang and apologized for the "trouble" it had caused, explaining that its commitment to avoid supply chains from Xinjiang was an expression of compliance with U.S. law rather than a statement of its position on the issue. (The apology caused Senator Marco Rubio to threaten to make Intel ineligible for CHIP Act subsidies. “Intel's cowardice is yet another predictable consequence of economic reliance on China,” Rubio said. “Instead of humiliating apologies and self-censorship, companies should move their supply chains to countries that do not use slave labor or commit genocide.”) This is not to dismiss the critical importance of semiconductor chips to the United States, but only to suggest that paying $52 billion in subsidies to global chipmakers to make them here is a peculiarly inefficient way of responding to that importance. The real question is what conditions the United States (or any other nation that subsidizes chip makers) should place on receipt of such subsidies. It can't be enough that a company merely agrees to make or design chips in America, because chip makers are already doing that. It can't be that they'll create more American jobs in chip making, because jobs in low-end fabrication that require little skill won't build the technological capabilities of the U.S. workforce. And it can't just be that the chipmakers agree to produce more chips in the United States, because additional production in the United States is no guarantee against future shortages in the United States. Remember, these corporations are global. They sell their chips around the world to the highest bidders, wherever the chips are produced. If we want to tie the public subsidy to the public interest, we should demand that any chips produced in America, over and above those already produced here, focus on the highest value-added parts of chip making — design, design engineering, and high precision manufacturing — so Americans gain that technological expertise. And we should demand that in the event of chip shortages, the subsidized chipmakers give highest priority to their American-based customers — customers using the chips in products made in the United States, by American workers. But what happens if every nation subsidizing chipmakers demands the same? Obviously, the chipmakers can't grant most-favored-nation status to every nation. They'll have to choose. Also: How do we ensure that a big chunk of the $52 billion isn't frittered away on shareholders and executive pay — as has been the case every time the U.S. government has subsidized Wall Street banks? Perhaps make chip makers agree not to buy back their shares of stock or pay their executives more than 50 times the pay of their median workers, and also give the government partial ownership in the form of equity interest. As Senator Bernie Sanders (who is pushing these conditions in an amendment to the CHIP Act) has said, there's no reason to socialize the chipmaker's risks and privatize their profits. If American taxpayers are going to give the semiconductor industry $52 billion, we should get a return on our investment. What do you think? This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit robertreich.substack.com/subscribe

In the midst of war, what an uplifting week it's been in terms of a world that, despite all its many worries, can still largely unite and offer hope. Never in my lifetime have I seen such a coordinated, effective, and immediate response to a crisis. Normally when war breaks out, the world divides, the sanctions are piecemeal, the hot air is voluminous, but not this time. You can't buy an Apple product, H&M are closed, Maersk aren't delivering, Boeing are out, oil and gas are gone and Volvo is closed. They are but a handful of the myriad of commercial operators who have cut ties. Germany has basically torn up every post World War Two rule they had. They are funding third party countries with weapons, they have boosted defence spending beyond two percent of GDP, Nord Stream 2 is gone, and they agreed on the SWIFT move. The European Union acted as a 27-country collective. There's quite a bit of commentary around that Britain, newly freed from Europe, has been able to spearhead a response previously unthinkable. America, even though war weary and off the back of the astonishingly bad Afghanistan withdrawal, has managed to look like they are doing pretty much all they can short of actually shooting Russians. Even China has not turned out to be anywhere near as problematic as many predicted. When the United Nations, hampered by their weird rules, manages a vote in which only five countries are against a resolution and those countries are the aggressor, the aggressors nutty neighbour, Eritrea, Syria, and North Korea, you know the world is about as unified as we have seen in many a year. Uplifting too is Volodymyr Zelenskyy. Surely, he's the Nobel Peace Prize winner if he survives this? And the Ukrainian people. Who honestly would stay, get a gun, and build a Molotov cocktail here? No one. It's a different culture, a different background and outlook, but it's impossible not to be impressed by the level of resistance this week in a war that, let's be honest, many said would be over by this past Monday. Ultimately, Russia may still roll thorough Ukraine. But this week has been the window of hope and opportunity. There's the mad race to gets guns in Ukrainian hands and the mad race to cripple the Russian economy with sanctions. This country should have, could have done more. Two million dollars for aid. As Mark Mitchell said Wednesday, the mongrel mob got more. God forbid, we should be like Australia and fund weaponry. Why help save a country when you can give them blankets when they are displaced? But most of the world got it, and did something good about it. Thus, proving that in the right time and for the right reasons, we are all still on each other's side.See omnystudio.com/listener for privacy information.

We are living in a fake world. We all sense it. Everything is backwards. I know two people still speaking truth, Donald Trump and Tom MacDonald, and NO, they are not related and don't even know each other. They just happen to be the ones speaking truth to the fake woke masses. President Trump held nothing back from the massive crowd in Cullman, Alabama as he enlightened them on his view of wokeness. The hashtag on twitter caught my eye so I have a feeling it will be trending soon. Someday the woke masses will realize that word does not mean what they think it means. In fact, it's opposite. They are sleeping, so maybe that is the reason for the incorrect grammar. After all, being awake is awake, not woke. That's slang. So this whole movement was based on ebonics? Well here's some french for ya!Brainwashed and Fake Woke by Tom MacDonald for emphasis and promotional purposes. His goal is to someday save the world and we support Tom on this mission to the stars.Music used by express permission from the artist himself. (Contact Tom MacDonald @tommacdonald with any questions)#everythingwoketurnstoshit is already a trending hashtag and at least one company had t-shirts printed already. The whole world is laughing at the stupid white woke american. CHINA has a NEW WORD for the woke. It looks like it's pronounced "Vite Sual". Even China knows black lives matter. They also know the organization by that name is a NOT FOR black people, but to use them. China gets this. Black people get this - because they are just as hungry for some real truth. They are as tired of the lies as we are, and they should be! I am appalled by the idiotic white people who call themselves woke. Fact is, "they a broke dope and that ain't no f'in joke". ALL races are EQUAL. There is NO US vs THEM. We are in this as one race in a fight against SATAN. If YOU are on Satan's side, you will be steamrolled, by God, so don't yell at me.

As investigations are underway to find whether Chinese hackers had a role to play in the October 2020 Mumbai blackout, Shekhar Gupta highlights what the repeated attempts by Chinese hackers targeting Indian power system and now vaccine-making firms mean, and why India should alert itself about the new determinant of national power, in episode 694 of #CutTheClutter. Research by Tenzin Zompa Brought to you by  @Tata Motors Electric Mobility  ----more----Read China Appears to Warn India: Push Too Hard and the Lights Could Go Out here: https://www.nytimes.com/2021/02/28/us/politics/china-india-hacking-electricity.html----more----Read Chinese hackers target Indian vaccine makers SII, Bharat Biotech, says security firm here: https://www.reuters.com/article/health-coronavirus-india-china/chinese-hackers-target-indian-vaccine-makers-sii-bharat-biotech-says-security-firm-idINKCN2AT21O----more----Read 4, 9 or 14? Even China ‘isn’t sure’ how many PLA soldiers died in Galwan Valley here: https://theprint.in/defence/4-9-or-14-even-china-isnt-sure-how-many-pla-soldiers-died-in-galwan-valley/613372/----more----Read China-linked Group RedEcho Targets the Indian Power Sector Amid Heightened Border Tensions here: https://www.recordedfuture.com/redecho-targeting-indian-power-sector/

Kia ora,Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect New Zealand.I'm David Chaston and this is the International edition from Interest.co.nz.Today we lead with news we are heading into more economic confusion.The lack of conviction we noted yesterday when equity markets rose is in evidence today. In early afternoon trade, the S&P500 is down a very sharp -4.6% and falling. That wipes out almost all of yesterday’s unusual +5.0% rise and means the March decline is now -6.8% and the overall 2020 fall is -15%. From the February 19 peak we are down -19%.The WHO has officially declared Covid-19 a pandemic.The latest compilation of Covid-19 data is here. The global tally is now 121,600, of officially confirmed cases, up +3000 from what we reported last night. The overnight jump was from Iran, Spain and the USA. Outside the usual suspects of South Korea, Italy, Iran, Spain, France, Germany and the USA, the overnight jump elsewhere was also more than +2000. Even China saw a bigger rise than we have seen in a few weeks, but the crisis seems to be passing (despite high levels) in both China and South Korea. South Korea especially seems to have done a very good job isolating it and keeping its death rate low.But the pandemic declaration will mean tighter global travel and trade restrictions.And it will upend economies, ours included. Pressure will come in many forms, but one big financial one will be the stability of the financial system.Yesterday, the NY Fed engaged in more than US$95 bln in overnight repo activity with US Treasuries, an all-time high. But at the same time they purchased another US$28 bln in mortgage-backed securities. All up, that is more liquidity support in one day than we have ever seen. Sure, some of this, perhaps even a majority, is rollover so isn't net-new. But at this level, a frightening large amount is. The Fed may seem calm above the water, but in the engine room the motors are screaming. [Advert]And here is a message from our friends at Hatch.Hatch gives Kiwis a simple and affordable way to grow their money. Kiwis can now invest in the world's most successful companies and largest funds, and now, their Getting Started Course will give you the knowledge and confidence you need to do it.In only 10 minutes a day for 10 days, you'll be guided through everything you need to know about getting started - from setting up an account to buying your first shares.No jargon, no boring finance stuff, no pressure and no strings attached. Best of all, it's free.Visit www.hatch.as/course to start today. In China, bank lending slumped in February, growing at about half the level expected and those expectations included large reductions. But at least it grew. It seems to be more of a demand pullback that an unwillingness of banks to lend. Further, the quality of the lending that is being done is likely to be poor, supporting struggling businesses day-to-day needs rather than financing expansion.One aspect that is very noticeably worldwide is the lack of major official stimulus announcements to counteract the economic impacts of the virus emergency. Canada said it would provide C$1 bln in support and the US has already announced US$8 bln. But none of this will touch the sides of the actual economic problem. (The UK is currently announcing major stimulus, but that is more Brexit related.)Australia is reported to be readying a AU$17 bln program, however. It is reasonable to now expect most countries to ramp up such fiscal support over the coming days. But until virus caseloads start to level off and fall, consumer sentiment will keep much of it from being fully effective. There will be winners and losers from the stimulus programs as each is announced and that will distort market activity.The UST 10yr yield is now at 0.76% up from yesterday, but still very low. Gold is lower again today, down another -US$7 to US$1,648/oz.US oil prices are still very low and have dipped from yesterday's small rise, down -US$1 to just under US$33/bbl and the Brent benchmark is just over US$36/bbl.The Kiwi dollar will start today up +½c to 63 USc. On the cross rates we are up to 96.7 AUc. Against the euro we rising as well, now at 55.9 euro cents. That means our TWI-5 is now back up at 68.1.Bitcoin is lower by -1.2% to US$7,770.You can find links to the articles mentioned today in our show notes.Get more news affecting the economy in New Zealand from interest.co.nz and subscribe to receive this podcast in your favourite podcast app - we're on Apple Podcasts, Google Podcasts, Spotify or subscribe on our website.Tell your friends and leave us a review - we welcome feedback.

This week’s episode of People, Process, Service found hosts Bill Kasko, President and CEO of Frontline Source Group, and Tyler Kern, Publisher at MarketScale sitting down with economics professor, Bob Lawson, Director of the O’Neil Center for Global Markets and Freedom at Southern Methodist University. Lawson’s book, Socialism Sucks, was the topic of conversation. Lawson and his fellow economist, Benjamin Powell, set out on a world tour of socialist countries to find out what works and what doesn’t about them. The results? Lawson appreciates the economic opportunities of America, and he won’t be teaching in Venezuela anytime soon. But the most important discovery for Lawson was, the beers in these socialist countries are terrible—and such few options. To spice up the pot for this lively conversation, Kern, Kasko, and Lawson drank their way through the episode, sampling a dozen beers, while they each guessed what country from which each beer came. Kern’s strategy: guess Heineken®️ every time, and eventually, he’d be right. So, what exactly makes a country Socialist? Lawson dispelled some myths for Kasko and Kern. Sweden and Canada may have socialized medicine, but they still have a free market economy. Even China enjoys the benefits of the free market, albeit with government control. Lawson described the process of writing Socialism Sucks, and he shared his stories of visits to socialist countries such as Cuba and Venezuela, where government economic control results in limited choice and freedoms. And one constant remained above all—the beer in the socialist countries Lawson visited, sucked.

We're talking a lot about the endings at the moment. Last time we discussed the break down of normal political discourse in rich democracies and the polarization that underpins that. This week, we zoom out and look at the end of Globalization with economist Michael O'Sullivan. Get his book here: https://www.thelevelling.blog LINKS WE DISCUSSED -- O'Sullivan sketches out a vision of a new, multipolar world. We will divide into three broad power bases and see the multinational institutions of the 20th Century fade away. Do we think this will be a nightmare or a blessing or a real option in between? https://bigthink.com/politics-current-affairs/globalization-dead -- One of those big powers is undergoing a massive rejig right now with all new nominees for the top jobs. Interestingly, one of those nominees is coming in from the IMF where she has been praised for doing the seemingly impossible and restoring its reputation. Even China liked her. Can she repeat this performance with the ECB? -- The other top jobs were decided as a series of compromises between the EU member states, with a broadly federalist French approach coming up against the more nationalistic East and South. Eventually, it fell to Germany to bridge the gap. But can Europe become a real global force with such a messy (and undemocratic) process of deciding its leaders? https://www.politico.eu/article/meps-lash-out-at-eu-leaders-over-top-jobs-package-ursula-von-der-leyen-european-commission-president/ & https://www.scmp.com/comment/opinion/article/3017615/china-christine-lagarde-hard-act-follow ____ Our thanks to Are We Europe as usual.

This is Scott Amyx with today’s Climate Change Flash Briefing. A UN-backed scientific panel found that nations have barely a decade to take unprecedented actions to cut emissions in half by 2030 to prevent the worst consequences of climate change. In the next 12 years, it’s estimated that global warming could increase by 1.5 degrees Celsius or 2.7 degrees in Fahrenheit. By year 2100, the U.N. estimates as much as 3 - 5 degree Celsius rise or 5.4 - 9.0 degrees Fahrenheit. The Fourth National Climate Assessment, co-written by hundreds of scientists, finds that climate change is already increasing damage to the U.S. That was followed by another report detailing the growing gap between commitments made at earlier UN conferences and what is needed to steer the planet off its calamitous course. Even China’s top planning agency admitted that three regions -- Liaoning in the northeast Rust Belt and the big coal-producing regions of Ningxia and Xinjiang in the northwest have failed to meet their targets to curb energy consumption growth and improve efficiency last year. Stay tuned next time to find out why cutting emissions is so hard. And to learn more, visit https://ScottAmyx.com/.

The birth of Lulu and Nana—the first two babies believed to be born with Crispr-edited DNA—has triggered soul-searching in China as tech innovators, scientific researchers, and government bureaucrats reconcile conflicting values. At first Chinese media celebrated Jiankui He, the scientist who last week announced he had edited the girls' DNA. Some pundits even speculated whether a Nobel prize might be in the making.

Is Pakistan at risk of losing allies over its inability or unwillingness to control militants? Sarah Montague speaks to Pakistan's Foreign Minister, Khawaja Asif. President Trump has accused his country of "housing the very terrorists" that the United States is fighting. He says that will have to change "immediately". He has also questioned why the United States is giving Pakistan billions in aid and military support. It is an argument that has been made before. But now other countries are also pointing to what they see as Pakistan's seeming double-speak on terrorism. Even China has signed a declaration including Pakistan-based groups on a terror list.(Photo: Pakistan Foreign Minister Khawaja Muhammad Asif speaks at a press conference with Chinese Foreign Minister Wang Yi in Beijing, 2017. Credit: Lintao Zhang/Getty Images)

Is Pakistan at risk of losing allies over its inability or unwillingness to control militants? Sarah Montague speaks to Pakistan's Foreign Minister, Khawaja Asif. President Trump has accused his country of "housing the very terrorists" that the United States is fighting. He says that will have to change "immediately". He has also questioned why the United States is giving Pakistan billions in aid and military support. It is an argument that has been made before. But now other countries are also pointing to what they see as Pakistan's seeming double-speak on terrorism. Even China has signed a declaration including Pakistan-based groups on a terror list. (Photo: Pakistan Foreign Minister Khawaja Muhammad Asif speaks at a press conference with Chinese Foreign Minister Wang Yi in Beijing, 2017. Credit: Lintao Zhang/Getty Images)

Today, Ethan and Hunter are joined by our first in-studio guest, Matt Yager, as they delve into the IQ that shows that stupidity finally lives abroad. Even China gets to toss in their two dips***s today. Matt Yager: Twitter Youtube   Articles: Live From the Darwins: www.asiaone.com/china/woman-eats-…s-poisonous-plant Chinese Wiener Trap: shanghaiist.com/2017/06/07/penis-wrench.php Yoda Can Suck My … Continue reading "Intellidrop Ep 4: Streaming, Wrenches, Trek Wars, Squirrels, Buckets"

China is well-known for its ability to endure volatile, high-risk environments in Africa but with the resumption of fighting in South Sudan, there are indications that even Beijing may be reaching the limits of their risk tolerance. With its oil workers evacuated and its diplomacy encountering new obstacles, China is well-positioned now to follow the US lead when Chevron fled Sudan never to return. Dr. Dan Large of Central European University joins us to discuss the future of China's relationship with Africa's youngest, and now most volatile country.

Speakers: Charles Liu, Chairman and Founder, Hao Capital; Senior Fellow, Peking University Center on China and Global Affairs. Yao Loong Ng, Executive Director, Financial Markets Strategy, Monetary Authority of Singapore. Chin Hwee Tan, Founding Partner, Apollo Global Management, Asia. Adam Wheeler, Managing Director, Babson Capital Australia. Moderator: Mike Milken, Chairman, Milken Institute. Asian financial systems used to be dominated by banks. Not anymore. Despite their relatively short history, the region's equity and bond markets are growing rapidly and playing ever larger roles in providing capital for businesses and households. Of course, international financial hubs such as Singapore and Hong Kong are already key players of global capital markets. Even China is trying to catch up; the nation now has an agenda to liberalize its financing mechanisms and allow new players. This panel will discuss the future of Asian capital markets. In particular, the rapidly growing bond markets in Asia have widened access to finance for the private sector, which also calls for efforts to build robust regulatory frameworks, improve disclosure practices and enhance creditor protection. What are some of the barriers to the developing Asian capital markets? How will the markets grow in the context of global deleveraging and financial regulatory changes? How should investors be positioned as these markets get off the ground?