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  1. #8901

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    Quote Originally Posted by Edmonton PRT View Post
    Tariff war heats up as Trump slaps Americans with $200B in new sales taxes.


    Donald Trump wiped nearly $1.5 TRILLION off global markets in a single tweet after threatening to double China trade tariffs
    Analysts have now pointed out that the President's message cost a staggering $13bn a word
    https://www.thesun.co.uk/news/903467...china-tariffs/



    Here's why Trump's trade war with China is a disaster for everyone else's economy too

    https://www.independent.co.uk/voices...-a8907571.html
    It is so long since the era of protectionism, pre-Second World War, that it seems scarce believable that the two largest economic powers in the world are about to unleash a new one, but the mutual threats to escalate tariffs look serious.

    Everyone loses. American consumers lose access to the choice, technology and increasingly quality in Chinese products – in the form of 5G smartphones, let’s say. American workers and farmers lose out when Chinese markets are closed off to their exports – corn, poultry, minerals. Each group in each country has less to spend on each other’s imports, and the downward cycle begins.


    It may then be turbocharged by fresh retaliatory sanctions, maybe adding currency or exchange rate manipulation to the toxic mix, as we saw in the 1930s, years of great technological progress but economic wars, autarky and depression.


    This is not a private squabble. American and Chinese exporters will seek to shift their goods for cheap in other global markets. That dumping will depress prices, profits and employment everywhere – Australian farmers, German steel makers, Korean electronics, Brazilian miners. Those effects also feed off each other in new downward spirals. They too may retaliate to protect domestic producers.

    Now your MAGA hat will cost you 25% more
    [IMG]https://pbs.twimg.com/media/DjFQp4BVAAEpsnF.jpg


    “why Trump's trade war with China is a disaster for everyone else's economy too”




    The above is a tough argument to make when facts like record gains in employment in Canada start to pop up.





    April jobs report: Economy added 263,000 jobs last months

    Economy added 263,000 jobs in April, unemployment falls to 3.6%, new 50-year low

    PAUL DAVIDSON | USA TODAY
    Updated 12:36 p.m. MDT May 3, 2019

    https://www.usatoday.com/story/money...th/3656949002/



    US-China trade war: How will tariffs hit shoppers, and can they work?

    How the trade war with China could hit you: Higher prices, lost jobs and falling stocks

    https://www.usatoday.com/story/money...rk/1164965001/


    Canada’s job numbers make history with biggest gain on record
    Bloomberg News Theophilos Argitis
    May 10, 2019


    https://business.financialpost.com/n...ment-rate-dips


    Job Growth Underscores Economy’s Vigor; Unemployment at Half-Century Low

    By Nelson D. Schwartz
    May 3, 2019


    The unemployment rate fell to its lowest level in half a century last month, capping the longest streak of job creation in modern times and dispelling recession fears that haunted Wall Street at the start of the year.

    The Labor Department reported Friday that employers added 263,000 jobs in April, well above what analysts had forecast. The unemployment rate sank to 3.6 percent.

    You have reached your limit of free articles. Already a subscriber? Log in.
    Our journalists deliver the facts.


    https://www.nytimes.com/2019/05/03/b...ort-april.html
    Last edited by KC; 10-05-2019 at 01:54 PM.

  2. #8902

  3. #8903

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    Good one Medwards.
    Advocating a better Edmonton through effective, efficient and economical transit.

  4. #8904

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    KC wrote
    “why Trump's trade war with China is a disaster for everyone else's economy too”




    The above is a tough argument to make when facts like record gains in employment in Canada start to pop up.
    Ask Canadian farmers who are getting 15% less for their canola and face an unsure market due to a trade war while trying to figure out what to grow this year.
    Advocating a better Edmonton through effective, efficient and economical transit.

  5. #8905

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    Drain Trump’s Slough!



    Definition of slough (Entry 1 of 5)

    1a : a place of deep mud or mire

    b or less commonly slew or slue \ ˈslü \
    (1) : SWAMP
    (2) : an inlet on a river
    also : BACKWATER
    (3) : a creek in a marsh or tide flat
    2 : a state of moral degradation or spiritual dejection


    https://www.merriam-webster.com/dictionary/slough
    Bolding mine
    Last edited by KC; 10-05-2019 at 08:18 PM.

  6. #8906

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    Quote Originally Posted by Edmonton PRT View Post
    KC wrote
    “why Trump's trade war with China is a disaster for everyone else's economy too”




    The above is a tough argument to make when facts like record gains in employment in Canada start to pop up.
    Ask Canadian farmers who are getting 15% less for their canola and face an unsure market due to a trade war while trying to figure out what to grow this year.
    Ask them what? Would they rather earn less or be among the unemployed?

    For decades employment / unemployment has been the generally accepted measure of successfully running a country.

    So, suddenly because a despicable leader is in place, you want to change the measure, raise the bar, game the results?

    In my view Trump shouldn’t get the credit for a lot of economic outcomes* and I’d argue that none of these leaders should be given a lot of credit for employment levels. However, the vast majority of people including experts regularly use it to judge leadership. So who am I, or you, to argue?


    * in my mind, whatever party is in power really doesn’t make much of a difference in the short term (unless they engage in war) and instead the big drivers are things like: entrepreneurial infrastructure, past education policy, macro trends, coincidental events in foreign countries, the central bank’s interest rate and inflation policies, technology cycles, commodity cycles, demographics, etc.
    Last edited by KC; 10-05-2019 at 08:33 PM.

  7. #8907

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    Nobody is talking about farmers being unemployed.

    The point is that the US - China trade war is causing huge upsets in the markets and great uncertainty. Farmers have to plan 6 or more months in advance, have to invest in equipment and make huge efforts to plant and harvest their crops. The financial risk at the best of times are high even with cooperative weather. A 15% drop in the canola Canadian agricultural market is huge and farmers are victims of Trump's ridiculous actions.
    Advocating a better Edmonton through effective, efficient and economical transit.

  8. #8908

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    Quote Originally Posted by Edmonton PRT View Post
    Nobody is talking about farmers being unemployed.

    The point is that the US - China trade war is causing huge upsets in the markets and great uncertainty. Farmers have to plan 6 or more months in advance, have to invest in equipment and make huge efforts to plant and harvest their crops. The financial risk at the best of times are high even with cooperative weather. A 15% drop in the canola Canadian agricultural market is huge and farmers are victims of Trump's ridiculous actions.
    And we all know that free trade deals often create net macro gains for economies. However, that doesn’t mean the gains are evenly distributed. Sectors, industries, and jobs are sacrificed in exchange for gains and employment expansion and/or wage expansion among the chosen winners. Then it’s assumed the losers will simply be absorbed into the winning sectors. However that’s in theory not in reality.

  9. #8909

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    Quote Originally Posted by Medwards View Post
    4 of my favorites







    Advocating a better Edmonton through effective, efficient and economical transit.

  10. #8910

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    Sarah Sanders leads "mass purge" of White House reporters with new press-room rules
    New rules on press access, imposed by Sanders, could disqualify "almost the entire White House press corps"
    https://www.salon.com/2019/05/09/sar...ss-room-rules/

    Under the new rules, only journalists who have entered the White House grounds at least 90 days of the last 180 can renew their hard pass.

    Sanders has held just two press briefings this year and has instead held unscheduled “gaggles” in front of the White House.

    The White House has also limited access to events to just one journalist from each news organization and requires journalists to register days in advance.

    Trump, who lives at the White House but has spent more than 240 days at his personally-owned properties and traveling to events, might have trouble meeting the new standard himself.
    Last edited by Edmonton PRT; 11-05-2019 at 02:04 PM.
    Advocating a better Edmonton through effective, efficient and economical transit.

  11. #8911

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    Your good friend Kim Jong Un is.

    ‘Nobody’s happy’ about N. Korea missile launch, says Trump

    Thursday’s launches came hours after the US Special Representative on North Korea, Stephen Biegun, arrived in Seoul for talks with South Korean officials, in his first visit since the Hanoi summit.


    North Korea’s Rodong Sinmun newspaper, the mouthpiece of the ruling party, devoted its entire front page and half of page two to the launch on Friday, with 16 pictures, the main one of Kim watching the launch from a camouflaged shelter.

    https://www.rawstory.com/2019/05/nob...ch-says-trump/

  12. #8912

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    “Eminent historians: Donald Trump is the founding fathers' worst nightmare”

    Eminent historians: Donald Trump is the founding fathers' worst nightmare | Salon.com

    “Isenberg: The other thing, is that John Quincy Adams, when he observes what's going on in France — and this is what people forget about the French Revolution — after the terror, what happens at the end? Well, Napoleon makes himself into an emperor. This was almost imitating what had happened in classical republics, classical governments, the other extreme is once you have the imaginary illusion that the people are in charge, they turn around and elevate their hero into an emperor, who is even more powerful than a president.”


    “Burstein: They called political parties factions, and no one wanted to belong to a political party. They said, well, this is the Federalist interest, this is the Republican interest, because the word "party" meant faction. As democracy provoked anarchy, what they called the "spirit of party" was a spirit of division. The Constitution did not recognize the inevitability of organized political parties.

    Isenberg: The Constitution didn't recognize it, although as I've said, they should've anticipated it, because...”



    https://www.salon.com/2019/05/11/emi...rst-nightmare/
    Last edited by KC; 11-05-2019 at 02:58 PM.

  13. #8913

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    More "fine people". Maybe Trump should build his wall around Georgia.

    Prosecutor: Students wanted attack to be 'record' mass murder

    A Cherokee County prosecutor said in court Friday afternoon that two students charged in 2017 with plotting to launch a violent attack at Etowah High School were looking to set a record for mass murder.


    And, for the first time, a “kill list,” the pair reportedly made was shown in court, which included a racial slur and expressed an intent to kill all of the school’s black students. Prosecutors showed excerpts from the journal where the list was found that included swastikas and slurs for people with disabilities.


    Cherokee County Assistant District Attorney Rachelle Carnesale said the defendants planned to use smoke bombs to “corral” students and faculty into a confined area where they planned to use “napalm and firearms” to “kill as many people as they could.”

    https://www.tribuneledgernews.com/pr...744bfe8ae.html
    But. obviously, black and brown people are the real problem.




  14. #8914

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    It's beginning to look like the lies of Iraq's WMD version 2.0

    No increased Iran threat in Syria or Iraq, top British officer says, contradicting US
    Deputy commander of anti-Isis coalition rebuts White House justification for sending troops

    The top British general in the US-led coalition against Isis has said there is no increased threat from Iranian-backed forces in Iraq or Syria, directly contradicting US assertions used to justify a military buildup in the region.


    Hours later however, his assessment was disowned by US Central Command in an extraordinary rebuke of an allied senior officer. A spokesman insisted that the troops in Iraq and Syria were on a high level of alert due to the alleged Iranian threat. The conflicting versions of the reality on the ground added to the confusion and mixed signals in a tense part of the Middle East.


    Maj Gen Christopher Ghika, who is a deputy commander of Operation Inherent Resolve (OIR), the coalition conducting counter-terrorist operations against Isis in Iraq and Syria, was repeatedly questioned by reporters about the threat from Shia militias in Syria and Iraq, cited by US officials over the past week as justification for speeding up the deployment of an aircraft carrier strike group in the Gulf and for sending B-52 Stratofortress bombers and an anti-aircraft battery to the region.


    “No – there’s been no increased threat from Iranian-backed forces in Iraq and Syria,” Ghika said in a videolink briefing from Baghdad to the Pentagon. “We’re aware of that presence, clearly. And we monitor them along with a whole range of others because that’s the environment we’re in. We are monitoring the Shia militia groups. I think you’re referring to carefully and if the threat level seems to go up then we’ll raise our force protection measures accordingly.”

    https://www.theguardian.com/us-news/...defiance-of-us


  15. #8915
    I'd rather C2E than work!
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    ^ As my good friend in the Royal Marines would say, "All the gear and no idea."
    Nisi Dominus Frustra

  16. #8916

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    Conrad Black: The absurd collusion delusion goes up in smoke at last – National Post
    BY CONRAD BLACK
    ORIGINALLY PUBLISHED: MAR 29, 2019

    https://nationalpost.com/opinion/con...-smoke-at-last



    Trump grants full pardon to former media baron Conrad Black | CBC News
    Black was convicted in 2007 of fraud and obstruction of justice
    CBC News, May 15, 2019

    https://www.cbc.ca/news/world/conrad...rump-1.5137985

  17. #8917

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    But he wrote a glowing book about Trump.

  18. #8918

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    How Republicans Built a Presidency Above the Law for Trump


    “Power in their minds is unitary: unquestionable when in their hands, illegitimate when wielded by the opposition. ”


    http://nymag.com/intelligencer/2019/...for-trump.html
    Last edited by KC; 15-05-2019 at 08:33 PM.

  19. #8919

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    Trump planning on pardons for war criminals. Former Army prosecutor responds.

    Former Army lawyer rips Trump’s scheme to pardon war criminals: ‘This makes me sick’

    “Today I saw this NYT’s article that Trump is ginning up pardons of soldiers who criminally killed others, intending to use it as some sort of twisted Memorial Day celebration,” he noted. “Among the pardons reportedly being contemplated are cases involving the Blackwater security firm. Please bear with me for a moment while I relate some basic public facts about the Blackwater case. The defendants were US civilians (veterans) who were being paid to perform security services in Iraq. Multiple Blackwater employees opened fire on innocent Iraqis in what was a massacre in broad daylight. They killed 14 unarmed Iraqi citizens and injured 17 others in front of dozens of witnesses


    “Some of the testifying witnesses were the defendants own Blackwater teammates,” Kirschner said. “Many of the fellow Blackwater members testified about how the defendants were in the wrong – they did not even attempt to defend their teammates, rather they described their teammates’ use of deadly force as being wholly unjustified and without provocation. Evidence at trial included how one defendant, Nicholas Slatten, called Iraqis ‘animals’ and ‘less then human.’ According to Slatten, Iraqi lives were worth ‘nothing.’”

    https://www.rawstory.com/2019/05/for...makes-me-sick/

  20. #8920

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    US says that Iran may do what the US did.

    Apparently it's a veiled threat that the US is prepared to do it again.


    US: Iran military could misidentify airliners amid tension

    “Although Iran likely has no intention to target civil aircraft, the presence of multiple long-range, advanced anti-aircraft-capable weapons in a tense environment poses a possible risk of miscalculation or misidentification, especially during periods of heightened political tension and rhetoric,” the warning said. [...]


    The warning comes 30 years after the USS Vincennes mistook an Iran Air commercial jetliner for an Iranian F-14, shooting it down and killing all 290 people onboard. That was not lost on Iran’s mission to the United Nations, which dismissed the warning as America’s “psychological war against Iran.”

    https://www.apnews.com/b4f5c00455fb4ffb878ed29df58abc03
    From the US report on the incident

    Iran Air Flight 655

    According to the U.S. government, USS Vincennes mistakenly identified the airliner as an attacking military fighter and misidentified its flight profile as being similar to that of an F-14A Tomcat during an attack run; however, the cruiser's Aegis Combat System recorded the plane's flight plan as climbing (not descending as in an attack run) at the time of the incident.[24] The flight had originated at Bandar Abbas, which served as both a base for Iranian F-14 operations and as a hub for commercial civilian flights.[11] According to the same reports, Vincennes unsuccessfully tried to contact the approaching aircraft, seven times on the military emergency frequency and three times on the civilian emergency frequency, but never on air traffic control frequencies. This civilian aircraft was not equipped to pick up military frequencies and the messages on the civilian emergency channel could have been directed at any aircraft. More confusion arose as the hailed speed was the ground speed, while the pilot's instruments displayed airspeed, a 50-knot (93 km/h) difference.[29]


    This version was finalized in a report by Admiral William Fogarty, entitled Formal Investigation into the Circumstances Surrounding the Downing of Iran Air Flight 655 on 3 July 1988 (the "Fogarty report")[6] Only parts of this report have been released (part I in 1988 and part II in 1993). The Fogarty report stated, "The data from USS Vincennes tapes, information from USS Sides and reliable intelligence information, corroborate the fact that [Iran Air Flight 655] was on a normal commercial air flight plan profile, in the assigned airway, squawking Mode III 6760, on a continuous ascent in altitude from take-off at Bandar Abbas to shoot-down".


    The Fogarty report also stated, "Iran must share the responsibility for the tragedy by hazarding one of their civilian airliners by allowing it to fly a relatively low altitude air route in Close proximity to hostilities that had been ongoing".[30]


    When questioned in a 2000 BBC documentary, the U.S. government stated in a written answer that they believed the incident may have been caused by a simultaneous psychological condition amongst the eighteen bridge crew of Vincennes, called "scenario fulfillment", which is said to occur when persons are under pressure. In such a situation, the men will carry out a training scenario, believing it to be reality while ignoring sensory information that contradicts the scenario. In the case of this incident, the scenario was an attack by a lone military aircraft.[31]

    https://en.wikipedia.org/wiki/Iran_A...nment_accounts

  21. #8921

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    Quote Originally Posted by kkozoriz View Post
    Trump planning on pardons for war criminals. Former Army prosecutor responds.

    Former Army lawyer rips Trump’s scheme to pardon war criminals: ‘This makes me sick’

    “Today I saw this NYT’s article that Trump is ginning up pardons of soldiers who criminally killed others, intending to use it as some sort of twisted Memorial Day celebration,” he noted. “Among the pardons reportedly being contemplated are cases involving the Blackwater security firm. Please bear with me for a moment while I relate some basic public facts about the Blackwater case. The defendants were US civilians (veterans) who were being paid to perform security services in Iraq. Multiple Blackwater employees opened fire on innocent Iraqis in what was a massacre in broad daylight. They killed 14 unarmed Iraqi citizens and injured 17 others in front of dozens of witnesses


    “Some of the testifying witnesses were the defendants own Blackwater teammates,” Kirschner said. “Many of the fellow Blackwater members testified about how the defendants were in the wrong – they did not even attempt to defend their teammates, rather they described their teammates’ use of deadly force as being wholly unjustified and without provocation. Evidence at trial included how one defendant, Nicholas Slatten, called Iraqis ‘animals’ and ‘less then human.’ According to Slatten, Iraqi lives were worth ‘nothing.’”

    https://www.rawstory.com/2019/05/for...makes-me-sick/
    All part of building a “loyal” following and giving confidence to like-minded individuals.

  22. #8922

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    Anti-money laundering staff at Deutsche Bank flagged Trump, Kushner transactions: NYT

    Executives at German-based bank rejected employees' advice, newspaper reports
    Reuters
    https://www.cbc.ca/news/world/trump-...imes-1.5142279
    Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by U.S. President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial crimes watchdog, the New York Times reported on Sunday.

    The newspaper, citing five current and former Deutsche Bank employees, said executives at the German-based bank, which has lent billions of dollars to the Trump and Kushner companies, rejected their employees' advice.
    Advocating a better Edmonton through effective, efficient and economical transit.

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