Tag: Japan

Japan Then, China Now

Tina Marie (Ms. Cat)

Japan Then, China Now

Ironically, Trump has summoned the same Robert Lighthizer, veteran of the Japan trade battles of the 1980s, to lead the charge against China. Unfortunately, Lighthizer seems as clueless about the macro argument today as he was back then. 

In both episodes, the US was in denial, bordering on delusion. Basking in the warm glow of untested supply-side economics – especially the theory that tax cuts would be self-financing – the Reagan administration failed to appreciate the links between mounting budget and trade deficits. Today, the seductive power of low interest rates, coupled with the latest strain of voodoo economics – Modern Monetary Theory – is equally alluring for the Trump administration and a bipartisan consensus of China bashers in the US Congress. 

Gov’t says 2 elderly people from cruise ship have died; another 2 officials infected with coronavirus

Tina Marie (Ms. Cat)

The Japanese government said on Thursday that two people from the cruise ship berthed in Japan, both in their 80s, have died from coronavirus infections and that another two government officials have tested positive for the infection.

One of the officials was from the Health Ministry and the other from the Cabinet Secretariat, and both had worked on the Diamond Princess, a health ministry official told a news conference.
— Read on japantoday.com/category/national/Gov’t-says-2-elderly-people-from-cruise-ship-have-died-another-2-officials-infected-with-coronavirus