Tag: Imports

IMF sets another condition for crisis-hit Pakistan to revive loan

Tina Marie (Ms. Cat)

Crisis-hit Pakistan has made various economic modifications including hikes in fuel prices, raising taxes, and others demanded by IMF to unlock the loan program.

IMF sets another condition for crisis-hit Pakistan to revive loan

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Pakistan and the International Monetary Fund:

In 2018, Imran Khan became Prime Minister of Pakistan. For this, they arranged friendly loans from Saudi Arabia, United Arab Emirates and China to avoid tough IMF conditions. In 2019, when economic conditions worsened, they went to IMF for the twenty-second time for a loan of US$1 billion. IMF gave loan based on conditions such as hike in energy tariffs, removal of energy subsidy, increase in taxation, privatization of public entities and fiscal policies to the budget.

IMF bailout package — rescue or trap for Pakistan?

“The IMF’s agenda is not to strengthen global economies because if it does that, then the Fund itself will be out of business,” he said.

How much did Trump-era tariffs on China cost Americans? New US findings confirm ‘self-inflicted harm’

Tina Marie (Ms. Cat)

Import tariffs placed on more than US$300 billion worth of Chinese goods during the Trump administration increased US prices, according to a report from a bipartisan US trade commission, confirming a widely held view among analysts of trade and tariffs that they caused “self-inflicted harm”.

How much did Trump-era tariffs on China cost Americans? New US findings confirm ‘self-inflicted harm’

War game suggests Chinese invasion of Taiwan would fail at a huge cost to US, Chinese and Taiwanese militaries

Tina Marie (Ms. Cat)

Chinese invasion of Taiwan in 2026 would result in thousands of casualties among Chinese, United States, Taiwanese and Japanese forces, and it would be unlikely to result in a victory for Beijing, according to a prominent independent Washington think tank, which conducted war game simulations of a possible conflict that is preoccupying military and political leaders in Asia and Washington.

War game suggests Chinese invasion of Taiwan would fail at a huge cost to US, Chinese and Taiwanese militaries

Notice how they blatantly ignore civilian casualties!?

Is the USA Scoring Self-Goals With Its Ukraine Policy?

Tina Marie (Ms. Cat)

There has already been significant criticism of the Ukraine policy of the USA government from a perspective of world peace. The base of US policy is the concept of a proxy war that can bleed and weaken Russia as much as possible (at great cost to the people of Ukraine as well as the peace and stability of the rest of the world). This has been documented at several places. However another important aspect which has unfortunately received very less attention is that the Ukraine policy of the USA government also seriously violates the real, broader interests of the USA government and people.

Is the USA Scoring Self-Goals With Its Ukraine Policy?

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Nearly 90 Percent of the World Isn’t Following Us on Ukraine

Globalization can function only if most participants believe it advances their interests. If the rest believe the West is unfairly using the system for its own benefit, the rules- based international order falls apart and alternatives will emerge.

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These concerns are generating considerable anti-Western sentiment across much of the Global South. While a nuclear-armed Russia shows no willingness to end a war its leaders cannot afford to lose; the West is rapidly losing the rest and thus undermining the very rules-based international order it has sought to create. Our most promising solution to this dilemma is likely to be some sort of diplomatic compromise.

/sarcasm

Rail strikes: RMT chief Mick Lynch says Sir Keir Starmer must ‘cosy up to working class people’ to be effective in Opposition + UK Truss government delivers class war budget

Tina Marie (Ms. Cat)

Rail strikes: RMT chief Mick Lynch says Sir Keir Starmer must ‘cosy up to working class people’ to be effective in Opposition

Video via Labour Heartlands

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UK Truss government delivers class war budget

Soaring energy bills ‘price worth paying’ to stand up to Putin, says Liz Truss

Steel Manufacturing: ArcelorMittal Poland Plans Extended Shut-Down

Tina Marie (Ms. Cat)

On September 8, ArcelorMittal Poland announced it would take Blast Furnace No. 3 at the Dąbrowa Górnicza steel manufacturing plant off stream starting in late September. According to the company, the temporary measure is a response to current market conditions throughout Europe.

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“Reducing production is the result of several factors,” the company said, elaborating on its decision. “[These include] the slow-down of economic activity in Europe, destocking done by customers, increasing level of imports from outside EU, and increasing gas and electricity prices.”

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“Additionally, the cost of carbon, which is not applicable for steel producers importing steel into Europe, has reached record high levels this year, placing European steelmakers at a further competitive disadvantage,” the company added.

Steel Manufacturing: ArcelorMittal Poland Plans Extended Shut-Down

US-China Tensions Over Taiwan Update (Aug 29, 2022) – US Warships in Taiwan Strait

Tina Marie (Ms. Cat)

https://youtu.be/nrOM4wjDZaop

After a series of provocative meetings between US officials and Taiwan’s administration in violation of US bilateral agreements with Beijing over the One China policy, the US has now transited warships through the Taiwan Strait.

Throughout this series of provocations China has steadily expanded military operations around Taiwan, tightening control over the air and water around the island territory.

The US appears unable to recognize the limits of its power and influence and prepared fully to trigger another catastrophic conflict just as it has with Russia over Ukraine.

US-China Tensions Over Taiwan Update (Aug 29, 2022) – US Warships in Taiwan Strait (Odysee) via The New Atlas

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