America’s War Machine Runs on Rare-Earth Magnets. China Owns That Market.
Tag: prices
Inflation and interest rates: the US experience
Once again the US Federal Reserve is in a quandary. Does it cut its policy interest rate soon in order to relieve pressure on debt servicing costs for consumers and businesses and perhaps avoid a stagflationary economy (ie low or no growth alongside higher inflation); or does it hold its current interest rate for borrowing in order to make sure inflation falls towards its target of 2% a year?
Inflation and interest rates: the US experience
Trump and Biden, Republicans and Democrats all agree: affordable Chinese cars should be banned
Related:
Trump’s attacks on Chinese cars strike a chord — with both parties
“Ohio knows all too well how China illegally subsidizes its companies, putting our workers out of jobs and undermining entire industries from steel to solar manufacturing,” Brown said in a statement. “We can’t wait for China to run this same playbook in the auto industry — we need strong rules, including but not limited to tariffs, to stop a flood of Chinese electric vehicles that threaten Ohio auto jobs.”
…
He said the average price gap between a Chinese vehicle and its U.S.-made counterpart ranges from 44 percent to 179 percent. “That is a massive gap,” the executive said. “Tariffs alone aren’t going to take care of that.”
Reuters: Mexico yields to US pressure on incentives for Chinese car makers
He said that such incentives have declined during the government led by President Andrés Manuel López Obrador, who took office in late 2018, although they have been offered to large investors such as Audi.
Hypocrisy, Thy Name is the United States:
Read More »Exposed: CIA’s economic war on Cuba
U.S. intelligence services operate against Cuba’s finances (archived)
A second stage includes the use of platforms financed by the northern administration, such as El Toque, to stimulate inflation. Similar procedures were employed by the US government in Nicaragua, Zimbabwe, Argentina (blue dollar via Telegram) and Venezuela (dollar today via web)
Related:
Revelan operación de servicios de inteligencia de EE.UU. contra finanzas de Cuba
Read More »Russia Sends Free Grain to Six African Countries
Feb 21 (Reuters) – Russia’s agriculture minister said late on Tuesday that Moscow had completed its initiative of shipping 200,000 metric tonnes of free grain to six African countries, as promised by President Vladimir Putin in July.
Russia Sends Free Grain to Six African Countries
No coercive diplomacy? Color me surprised! /s
China Overtakes Europe in Clean Energy Tech Research
China has become a powerhouse in clean energy, and has overtaken the EU on clean technology research, a paper prepared for the European Commission has shown.
“China has caught up with the EU in R&D expenditure. While Chinese R&D intensity more than doubled since 2000, EU R&D intensity grew much slower. As a result, China caught up with the EU while the US keeps a consistent lead,” according to the brief on the EU-China exposure in trade, investment, and technology.
“China is increasingly becoming a world leader in science and innovation, for several critical technologies outlined in the 2023 Commission Recommendation on critical technology areas for the EU’s economic security,” the authors of the study for the Commission wrote.
China Overtakes Europe in Clean Energy Tech Research
China is eating Europe’s lunch, as well! On another note, the EU should worry more about their dependence, on the US, than on China. Then again, they’re a vassal state of the US.
Previously:
Argentina: the movement against Milei has begun
As we were about to publish the latest editorial of the Argentine section of the IMT, concerning the first budget announcements of the new government of far-right demagogue president Milei, he doubled down: announcing by decree the abolition of over 300 pieces of legislation, which regulate economic activity in a wide range of fields. This is an unprecedented, ultra-liberal assault on the rights and living conditions of the working masses, introduced using undemocratic emergency decree powers. The announcement provoked a spontaneous movement of protest, with thousands coming out into the streets of Buenos Aires, as Alejandro Spezia describes in this special update (the original article follows after).
Argentina: the movement against Milei has begun
Milei Couples ‘Total Crackdown’ on Protest With Economic Shocks in Argentina
“Protest is elemental to Argentine social and political life, so it’s not difficult to imagine how this ends,” said one journalist.
Milei Couples ‘Total Crackdown’ on Protest With Economic Shocks in Argentina
Xi meets Biden
US President Joe Biden and Chinese President Xi Jinping met yesterday during the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco.
Xi meets Biden
Why America Is Out of Ammunition
Today, as the U.S. is drawn into wars in Israel and Ukraine, as well as the defense of now-peaceful Taiwan, I’m writing about war. Not the policy choices, or whether U.S. military power is a net force for good or ill, but the actual practical machinery behind the American defense base that produces the weaponry necessary to sustain the military.
Why America Is Out of Ammunition
Ms. Cat’s Chronicles 
You must be logged in to post a comment.