Chinese President: No one can win a trade war
Xi Jinping has mounted a robust defense of free trade and global investment at the World Economic Forum in Davos. …read more
Source: Chinese President: No one can win a trade war
Archive for the ‘Uncategorized’ Category
Rolls-Royce will pay $813M to settle bribery charges
The British engineering giant faces allegations of bribery in the U.S., U.K. and Brazil. …read more
Source: Rolls-Royce will pay $813M to settle bribery charges
The euro cannot survive unless Europe changes
European Central Bank action won’t hold the euro together for ever. Reforms are urgently needed to lift growth. …read more
Source: The euro cannot survive unless Europe changes
Iran Commemorates "Captured US Sailors"-Day With Massive Billboard
By Tyler Durden
Just over a year since Iran captured 10 US sailors – and detained them for around 15 hours – for entering Iranian waters “illegally,” it appears America’s nuclear-deal-partner wants to make sure its citizenry do not forget…
Huge billboard in Tehran commemorates the capture of the US sailors…
h/t @potkazar
Source: Iran Commemorates "Captured US Sailors"-Day With Massive Billboard
Norway’s Fish For Brains Trade With India (Part I: Background)
By Tyler Durden
Submitted by Nick Camran of Letters from Norway
This is a personal story, discussing skilled immigration experiences and implications in both Norway and in the USA. I am a native born American of Indian origin having worked in both the US and Norwegian IT sectors. To translate the Norwegian references, you can right click in the Google Chrome browser and select “Translate to English” or use Google Translate.
Desperate to sell more fish, Norway is looking to India, allowing their IT companies increased access to the local market, in exchange for tariff reductions, which are currently high for European imports. On the surface, it appears to be a win-win deal but digging a little deeper, there are some serious long-term implications. (it still remains unclear whether or not this deal went through).
Monica Mæland: Norwegian Minister of Trade & Industry
Specifically, they want the following:
The ability to transmit and host Norwegian more personal information in India. Special areas within the company are sealed and secured, meeting Norwegian regulations. Indian IT workers can work in those zones same as a Norwegian in Trondheim or Oslo: otherwise known as a “Little Norway” zone. Since the connection is ubiquitous wit the onshore entity, they can access data containing credit card and social security numbers.
Although Mæland hopes that the Indians can make concessions on this point, they and the fishing industry are pushing hard. Geir Ove Ystmark, managing director of Seafood Norway, states that the industry is impatient.
Exemption from Norwegian Labor Laws: Tata Consulting Services (TCS), responding to an inquiry from the Labor Inspector, stated that Norwegian laws should not apply to Indian IT workers, residing onshore for short-term business trips. (If that sounds familiar, there is already a precedent from the US almost ten years ago.) Tata further argues that the workers are really employed in India, visiting Norway for a maximum of four to five months.
After the Vipps scandal at DnB (The Norwegian Bank) last year, involving the development of a now popular payment app, the labor directorate decisively denied the request. Against the hallmark Norwegian labor laws, the workers were putting in almost 16 hours per day to complete the project. I personally heard rumors, talking to TCS guys on the metro in Oslo, that they were not allowed to leave the office without their manager’s permission, even for a bathroom break or a movie over te weekend.
NRK (Translated from Norwegian)
Despite the reprimand, given to Tata, ordering them to correct the situation, Lise Raneberg of the Tekna engineering union, believes that they will exploit loopholes to circumvent the law. Nevertheless, Rina Sunder, from Innovation Forum Norway, believes, “Norway should meet India’s demand for easier access for IT workers.”
Premise:
The initial justification behind outsourcing and offshoring is that there is a skilled labor shortage in software and systems engineering. Generally technical, medical and engineering sectors experience shortages, requiring companies to hire offshore workers or companies, …read more
Source: Norway’s Fish For Brains Trade With India (Part I: Background)
Will There Be War On The Streets Of Washington D.C. During The Inauguration On Friday?
The stage is set for a potentially very ugly confrontation between radical leftist protesters on one side and law enforcement authorities and Trump supporters on the other side. It is being estimated that hundreds of thousands of supporters will be arriving in D.C. to celebrate the inauguration of Donald Trump, but it is also being estimated that hundreds of thousands of people will be coming to D.C. to specifically protest the inauguration of Trump. These protesters plan to set up blockades, disrupt inaugural balls and generally cause as much chaos as they possibly can. In fact, a spokesperson for #DisruptJ20 says that the goal of his organization is for Trump to be inaugurated “amid complete chaos”…
“We would like the headline the next day to be Donald Trump inaugurated amid complete chaos, not Donald Trump, inaugurated amid applause,” said Legba Carrefour, who is an organizer with #DisruptJ20.
Needless to say, causing “complete chaos” is going to bring many of these protesters into direct confrontation with law enforcement. If these anarchists do what they say they are going to do, law enforcement personnel with be forced to physically intervene. The following comes from #DisruptJ20’s official “call to action”…
Trump’s success confirms the bankruptcy of representative democracy. Rather than using the democratic process as an alibi for inaction, we must show that no election could legitimize his agenda. Neither the Democrats nor any other political party or politician will save us—they just offer a weaker version of the same thing. If there is going to be a positive change in this society, we have to make it ourselves, together, through direct action.
From day one, the Trump presidency will be a disaster. #DisruptJ20 will be the start of the resistance. We must take to the streets and protest, blockade, disrupt, intervene, sit in, walk out, rise up, and make more noise and good trouble than the establishment can bear. The parade must be stopped. We must delegitimize Trump and all he represents. It’s time to defend ourselves, our loved ones, and the world that sustains us as if our lives depend on it—because they do.
In addition to law enforcement, many Trump supporters have made it quite clear that they are not going to put up with physical obstruction or intimidation by radical leftists. “Bikers for Trump” is one such group, and they are anticipating that 5,000 of their members will be attending the inauguration. According to Bikers for Trump founder Chris Cox, his organization is “prepared to form a wall of meat” if necessary…
“The bikers are certainly used to being outnumbered and we are prepared to form a wall of meat. We’re anticipating a celebration here. We don’t anticipate any problems. We have a strict code of conduct where we don’t condone violence. But again in the event that we’re needed, you can certainly count on the Bikers for Trump.”
“We’ll be shoulder-to-shoulder with our brothers and we’ll be toe-to-toe with anyone that is going to break through any police barriers, that’s …read more
Source: Will There Be War On The Streets Of Washington D.C. During The Inauguration On Friday?
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David Fahrenthold becomes CNN contributor
Washington Post reporter David Fahrenthold, a breakout star of the 2016 campaign for his coverage of Donald Trump’s foundation, is CNN’s newest contributor. …read more
Source: David Fahrenthold becomes CNN contributor
Abolish The CIA
By Tyler Durden
Submitted by Michael Rozeff via The Ron Paul Institute for Peace & Prosperity,
Every American who looks at the CIA objectively or in a balanced way and judges it by any number of criteria, such as moral, legal and pragmatic, should reach the conclusion that the CIA should be abolished. JFK wanted to break it into a million pieces. Trump is right to dismiss its intelligence reports about DNC hacking. The CIA war on Trump shows us immediately that the CIA is a rogue organization within the U.S. government and a severe threat to America.
The CIA is an internal threat to the rule of law and to the government that it supposedly serves. Senator Schumer acknowledges the CIA’s unbridled power, its subversive power, its power to undermine even a president, especially one that wishes to control or alter the organization, when he says:
“Let me tell you: You take on the intelligence community, they have six ways from Sunday at getting back at you. For a practical, supposedly hard-nosed businessman, he’s being really dumb to do this.”
Schumer is saying that the CIA is so powerful that a president should not attempt to control it or else! The CIA is so powerful that elections do not matter when it comes to the CIA. The CIA stands alone. The Constitution that empowers the president as the Executive, the boss of government operations, does not matter. Basic American institutions and laws must bow before the threats that the CIA possesses. This is the assessment of a Senator beginning his 4th term and who is the highest ranking Democrat in the Senate in his post as minority leader.
The CIA is an organization that perpetually undermines traditional American values and moral values. It consistently kills innocent people. It continually causes instability and wars. It undermines other societies and our own. It interferes constantly in foreign nations, to the detriment of them and us. It is an unelected power that challenges elected officials. It favors abuses of power, including torture. Its actual value at generating usable intelligence is minimal, often wrong, often misleading, inaccurate and harmful as in the WMD that were never found in Iraq.
“The Association for Responsible Dissent estimates that by 1987, 6 million people had died as a result of CIA covert operations. Former State Department official William Blum correctly calls this an “American Holocaust.”
This quote and a detailed timeline of CIA atrocities is available.
William Blum has listed CIA interventions for us.
All that needs to be done to understand the enormity of CIA crimes against humanity is to associate each of these interventions with the deaths, injuries, disruption of lives and destruction that they have caused. The most recent of these are
- Afghanistan 1980s *
- Somalia 1993
- Yugoslavia 1999-2000 *
- Ecuador 2000 *
- Afghanistan 2001 *
- Venezuela 2002 *
- Iraq 2003 *
- Haiti 2004 *
- Somalia 2007 to present
- Honduras 2009
- Libya 2011 *
- Syria 2012
- Ukraine 2014 *
The asterisks indicate a case where the CIA overthrew a government.
As long as Trump is at war with the CIA, a war …read more
Source: Abolish The CIA
Merkel Says She Is Ready To "Fight A Generational Battle" With Trump To Preserve Liberal Democracy And Trade
By Tyler Durden
Shortly after Germany retaliated to Trump’s overnight press attack, when German economy minister Sigmar Gabriel said on Monday morning that Germans would gladly buy US automobiles if only America could “build better cars”, and that – responding to Trump’s criticism of Germany’s “catastrophic” refugee policy – he said there “is a link between America’s flawed interventionist policy, especially the Iraq war, and the [European] refugee crisis”, Merkel fired her own shot across the bow of Trump’s proposed protectionism, when she told industry leaders late on Monday that she would remain committed to free trade, rebutting Trump’s comments about a border taxes on car imports.
Taking advantage of the anti-populist wave stirred by Trump, Merkel, speaking to the German Chamber of Commence and Industry in Cologne, urged industry leaders to remain supportive of the German government in the forthcoming Brexit negotiations between Britain and the European Union. “We can’t let anyone divide us,” she said quoted by Reuters.
As far as free trade and open markets go, Merkel told the industrialists her government was prepared to fight to preserve them.
“We’ve got to fight this battle, if for no other reason than principle,” Merkel said, referring to Germany’s commitment to the free trade, and asking German business to “join her in defending liberal democracy and trade”, saying “in every generation one has to fight for one’s ideals.”
“I’m ready for that,” Merkel added.
“I have the impression that we are once again at a crossroads,” Merkel tells a business chamber gala in Cologne, hinting at an ideological crusade to rid the world of backward-looking protectionists.
Indeed, she then said that halting protectionism is part of the struggle, and would not give up on free-trade deals with the U.S. “I have a lot of resolve, but the number of doubters is growing,” says she’s “deeply convinced” that “embracing competition rather eliminating it is best for human development and for prosperity in Germany.”
Needless to say, Merkel has never met anyone quite like Trump.
She then appealed to the audience to resist giving up those principles “too hastily for reasons of short-term gain.”
Merkel echoed words from her Finance Minister Wolfgang Schaeuble earlier on Monday, who issued a not so thinly veiled warning to Trump over the dangers of protectionist trade policies.
“Whoever wants growth – and I trust this administration will be a growth-friendly one – must be in favor of open markets,” Schaeuble told the Wall Street Journal in an interview. “Protectionism can afford short-term advantages but is almost always damaging in the long term.”
Of course, Keynes himself said the same thing about Keynesian economics, the bedrock of all modern economic thinking, but that’s a different topic.
As for Germany and its preparedness for an “ideological” crusade against Trump and the world’s protectionists, be careful what you wish for.
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