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China Mobile blocked from offering phone service in US
The Federal Communications Commission on Thursday voted unanimously, 5-0 across party lines
wut
to reject China Mobile International USA Inc.'s long-ago filed application.
[...]
"Granting China Mobile's application would not be in the public interest," said FCC Chairman Ajit Pai. "There is a significant risk that the Chinese government would use China Mobile to conduct activities that would seriously jeopardize the national security, law enforcement, and economic interests of the United States."
[...]
Commissioner Jessica Rosenworcel, a Democrat, criticized the agency for not doing enough to protect U.S. networks, adding that Thursday's vote was just "performative security" on an application that had been on "permanent pause" and sitting around for more than eight years.
c'mon. Team Li has some sense of humor.

Diversity is the key to economic and political evolution.
by Cat on Fri May 10th, 2019 at 12:09:14 AM EST
[ Parent ]
Ill-conceived headline w/o 11 May 2019
Trade Deficit Ticks Up Despite Shrinking Gap With China

Diversity is the key to economic and political evolution.
by Cat on Fri May 10th, 2019 at 12:19:17 AM EST
[ Parent ]
NEW! deadline. Places, everyone (with a Bloomberg Professional Services subscription)!
China Announces Tariff Retaliation to Take Effect on June 1

mElt DoWN

  • Stocks Set for Worst Drop in Four Months updated 27 minutes ago
  • Soybeans Slump to Lowest in a Decade as Trade War Intensifies
  • Here Are the European Stocks Most Exposed to U.S.-China Tensions
  • Apple Slumps Pre-Market as Trade Tensions Escalate


Diversity is the key to economic and political evolution.
by Cat on Mon May 13th, 2019 at 04:34:55 PM EST
[ Parent ]
(merits mention in "The situation here is still pretty psychotic". More airport detentions could be in the cards.)

Trump says U.S. farmers to get $15 billion in aid amid China trade war
"A new aid program would be the second round of assistance for farmers, after the Department of Agriculture's $12 billion plan last year to compensate for lower prices for farm goods and lost sales stemming from trade disputes with China and other nations."
$27B in WTO "illegal" subsidy and counting

Pentagon warns EU against blocking U.S. companies from defense pact, strongly worded letter
"It is clear that similar reciprocally imposed U.S. restrictions would not be welcomed by our European partners and allies, and we would not relish having to consider them in the future"

Meanwhile, Oversight! spending recovers
Attorney General Barr taps Connecticut prosecutor to investigate origins of Mueller probe
"Durham was appointed to the job several weeks ago"

Diversity is the key to economic and political evolution.

by Cat on Tue May 14th, 2019 at 04:36:20 PM EST
[ Parent ]
vs China
Trade war, heavy rains credit weigh on Deere & Co.*
"'Ongoing concerns about export-market access, near-term demand for commodities such as soybeans, and a delayed planting season in much of North America are causing farmers to become much more cautious about making major purchases,' Deere Chairman and CEO Samuel Allen said in a prepared statement Friday."

vs Central America
Courts weigh Trump's plan to tap Pentagon for border wall

The Defense Department transferred $1 billion to border wall coffers in March and another $1.5 billion last week. Patrick Shanahan, the acting defense secretary, may decide as soon as Wednesday whether to transfer an additional $3.6 billion.

Last month, the Army Corps of Engineers awarded a $789 million contract to SLSCO Ltd. of Galveston, Texas, to replace 46 miles (74 kilometers) of barrier in New Mexico, paid for by Pentagon funds.

On Wednesday, Barnard Construction Co. of Bozeman, Montana, won a $141.8 million contract to replace 5 miles (8 kilometers) in Yuma and 15 miles (24 kilometers) in the Border Patrol's El Centro, California, sector. Southwest Valley Constructors of Albuquerque, New Mexico, won a $646 million contract to replace 63 miles (101 kilometers) in the Border Patrol's Tucson, Arizona, sector. All of those projects are funded by the Defense Department, with construction expected to begin in as little as 45 days.
[...]
Aside from California, states participating in the legal challenge are Colorado, Connecticut, Delaware, Hawaii, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon, Rhode Island, Vermont, Virginia and Wisconsin.

injunction sought, one might suppose.
--
* Brazil and Argentina soy exports to China during spring and early summer anyway. Other US grain commodities beyond scope of article. Chinese PMs and intermediate goods subject to tariff ignored elsewhere. Catepillar manufactures and sells in China.

Diversity is the key to economic and political evolution.
by Cat on Fri May 17th, 2019 at 09:49:57 PM EST
[ Parent ]
Trade Impasse: Trump Pledges $16B to Farmers as Markets Buckle
"Financial markets buckled Thursday on heightened tensions between the U.S. and China. The Dow Jones industrial average was down more than 400 points in afternoon-day trading. U.S. crude PLUNGED 6% on fears that the trade standoff could knock the global economy out of kilter and kill demand for energy.
[...]
" 'The president feels that China is paying for this program through the tariffs,' Perdue said.
[...]
"'The thought of the government taking my money and giving it to farmers as subsidies to support their loses [sic] doesn't sit well,' Foreman said by email. 'It's not fair to take money from a Florida company to support an Iowa farmer! Farmers don't want welfare. I'm sure they, like us, just want open free markets to trade in!'"

UK, Japan Mobile Operators Suspend Huawei 5G Phone Launches
"The Trump administration's order last week cuts Huawei's access to American chips and Google, which makes the Android operating system and services for its smartphones."

Xi Jinping calls for ne 'Long March' in dramatic sign that China is preparing for a protracted trade war
Sun Tzu.X.24

Diversity is the key to economic and political evolution.

by Cat on Thu May 23rd, 2019 at 11:22:01 PM EST
[ Parent ]
China state TV carries Daily Show spot on Huawei lead in 5G
Memorial Day message received

reference
The Coming War on China, (2016) running time 01:49:49

ERIC X. LI: I make the joke how in America you can change political parties, but you can't change the policies. In China you cannot change the party, but you can change policies. So in sixty-five or sixty-six years China's been run by one single party, yet the political changes that have taken place in China these past sixty-six years have been wider and broader and greater than probably any major country in modern memory. China is a market economy, and it's a vibrant market economy, but it is not a capitalist country. Here's why. There's no way a group of billionaires can control the politburo as it does American policy-making. So in China you have a vibrant market, but capital does not rise above political authority. Capital does not have enshrined rights. In America capital, the interest of capital and capital itself, has risen above the American nation. The political authority cannot check the power of capital. And that's why America is a capitalist country, but China is not.
Edgar Snow's Account of "The Long March" (1934-1936)
Hoover Institution Digital Collection, "Department's White Paper on China" (Transmittal Letter). US Department of State, July 29, 1949
Cast Away Illusions, Prepare for Struggle , August 14, 1949

Diversity is the key to economic and political evolution.
by Cat on Mon May 27th, 2019 at 05:14:45 PM EST
[ Parent ]
Ill-conceived headline w/o 19 May 2019
Authorities raid 247 Colorado homes growing black market pot

Diversity is the key to economic and political evolution.
by Cat on Fri May 24th, 2019 at 11:50:35 PM EST
[ Parent ]

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