US Isolation: When global finance turns away from the dollar system, it means the cliff is near
The United States has been voluntarily isolating itself from the rest of the world, and not just from a geopolitical point of view. This terrible isolation can only get worse, whatever the result of the presidential election: if Trump wins, it will be due to a lack of foreign policy; in the case of Clinton, her iron-fist will have a word. Another domain, namely finance, which has so far been spared, is being added to this political dimension; something which has always been at the centre of America’s power in the world. No wonder this happens at the very moment the US can no longer hold itself.
The Deutsche Bank case: a very useful scarecrow
When in trouble, the US always uses the same method, which consists of hiding its own problems by bringing out into the open the problems of others. Europe is regularly the fall guy. So when the world, in total awe, learns about the record fine of $14 billion that the United States imposed on Deutsche Bank... (Read th entire public announcement / GEAB 108)
The United States has been voluntarily isolating itself from the rest of the world, and not just from a geopolitical point of view. This terrible isolation can only get worse, whatever the result of the presidential election: if Trump wins, it will be due to a lack of foreign policy; in the case of Clinton, her iron-fist will have a word. Another domain, namely finance, which has so far been spared, is being added to this political dimension; something which has always been at the centre of America’s power in the world. No wonder this happens at the very moment the US can no longer hold itself.
The Deutsche Bank case: a very useful scarecrow
When in trouble, the US always uses the same method, which consists of hiding its own problems by bringing out into the open the problems of others. Europe is regularly the fall guy. So when the world, in total awe, learns about the record fine of $14 billion that the United States imposed on Deutsche Bank... (Read th entire public announcement / GEAB 108)
Rejecting Trump, Wall Street Republican donors scatter largesse
Largely united in their dislike of Republican presidential candidate Donald Trump, some ultra-wealthy U.S. investors who play in conservative politics are warily weighing their choices, torn between third-party candidates, simply focusing on down-ballot contests or even voting for Democrat Hillary Clinton. As Clinton's lead over Trump has grown in opinion polls, some hedge fund managers who have traditionally donated big money to Republican presidential candidates see the congressional elections as their best hope... (Reuters)
Largely united in their dislike of Republican presidential candidate Donald Trump, some ultra-wealthy U.S. investors who play in conservative politics are warily weighing their choices, torn between third-party candidates, simply focusing on down-ballot contests or even voting for Democrat Hillary Clinton. As Clinton's lead over Trump has grown in opinion polls, some hedge fund managers who have traditionally donated big money to Republican presidential candidates see the congressional elections as their best hope... (Reuters)
Syrian president says Aleppo must be ‘cleaned’ as fighting continues
Russia says prepared to secure safe passage for rebels to quit Aleppo Syrian President Bashar al-Assad has spoken of the need to “clean” the besieged city of Aleppo while saying that victory in the strategic city give the Syrian army the opportunity to liberate other areas of the country from “terrorists.” Syria has been plunged into some of the worst violence of its five-year war since the collapse last month of a truce brokered by Washington and Moscow... (I24News)
Russia says prepared to secure safe passage for rebels to quit Aleppo Syrian President Bashar al-Assad has spoken of the need to “clean” the besieged city of Aleppo while saying that victory in the strategic city give the Syrian army the opportunity to liberate other areas of the country from “terrorists.” Syria has been plunged into some of the worst violence of its five-year war since the collapse last month of a truce brokered by Washington and Moscow... (I24News)
Europe’s ExoMars Schiaparelli Lander on Course to Descend on Mars
A Mars lander left its mothership on Sunday after a seven-month journey from Earth and headed towards the red planet’s surface to test technologies for Europe’s planned first Mars rover, which will search for signs of past and present life. The disc-shaped 577-kilogramme (1,272 lb) Schiaparelli lander separated from the spacecraft Trace Gas Orbiter (TGO) at 1442 GMT as expected, starting a three-day descent to the surface... (Gadgets)
A Mars lander left its mothership on Sunday after a seven-month journey from Earth and headed towards the red planet’s surface to test technologies for Europe’s planned first Mars rover, which will search for signs of past and present life. The disc-shaped 577-kilogramme (1,272 lb) Schiaparelli lander separated from the spacecraft Trace Gas Orbiter (TGO) at 1442 GMT as expected, starting a three-day descent to the surface... (Gadgets)
EU powers draft post-Brexit defence plan
The four largest EU powers after Brexit aim to create a new military structure to conduct crisis missions in Africa and to deter Russia. France, Italy, Germany, and Spain set our their plan in a letter, circulated on Monday (10 October) and seen by EUobserver, from their defence ministers to their counterparts in the other 24 EU states... (EUObserver)
The four largest EU powers after Brexit aim to create a new military structure to conduct crisis missions in Africa and to deter Russia. France, Italy, Germany, and Spain set our their plan in a letter, circulated on Monday (10 October) and seen by EUobserver, from their defence ministers to their counterparts in the other 24 EU states... (EUObserver)
SNP’s Nicola Sturgeon announces new independence referendum bill
A consultation gets under way next week on plans for a second Scottish independence referendum, the SNP’s Nicola Sturgeon has confirmed. She told the party’s Glasgow conference that an Independence Referendum Bill would be published next week. It marks the first step to holding a second vote. Ms Sturgeon said Scotland had the right to choose a different path if it was not allowed to protect its interests “within the UK”... (BBC)
A consultation gets under way next week on plans for a second Scottish independence referendum, the SNP’s Nicola Sturgeon has confirmed. She told the party’s Glasgow conference that an Independence Referendum Bill would be published next week. It marks the first step to holding a second vote. Ms Sturgeon said Scotland had the right to choose a different path if it was not allowed to protect its interests “within the UK”... (BBC)
Montenegro’s Dukanovic battling to stay in power
Montenegro’s ruling social democrats (DPS) won parliamentary elections on Sunday (16 October), according to an unofficial count, but failed to gather sufficient support to continue to govern alone. The opposition also claimed to have obtained enough seats to form the next government. Political turmoil could cast a shadow on the small Balkan republic’s Nato and EU ambitions... (EUObserver)
Montenegro’s ruling social democrats (DPS) won parliamentary elections on Sunday (16 October), according to an unofficial count, but failed to gather sufficient support to continue to govern alone. The opposition also claimed to have obtained enough seats to form the next government. Political turmoil could cast a shadow on the small Balkan republic’s Nato and EU ambitions... (EUObserver)
EU needs better spending to regain citizens' trust
The new president of the EU's Court of Auditors has called on the EU to improve its accounts by delivering better value for money and more transparency, and ensure its financial rules are correctly applied. The EU faced a major challenge to regain trust, ECA President Klaus-Heiner Lehne told the European Parliament's Budgetary Control Committee Thursday."People cannot even begin to trust the EU institutions if they do not believe we are looking after their money properly and keeping a good account of how we are doing that," he said. (EU Business)
The new president of the EU's Court of Auditors has called on the EU to improve its accounts by delivering better value for money and more transparency, and ensure its financial rules are correctly applied. The EU faced a major challenge to regain trust, ECA President Klaus-Heiner Lehne told the European Parliament's Budgetary Control Committee Thursday."People cannot even begin to trust the EU institutions if they do not believe we are looking after their money properly and keeping a good account of how we are doing that," he said. (EU Business)
BRICS to create credit rating agency to rival Fitch, others
The so-called Brics countries – Brazil, Russia, India, China and South Africa have agreed to fast-track the setting up of their own credit-rating agency to better cater to developing economies, revelling existing ones based in Western countries. India Prime Minister Narendra Modi said they agreed to move ahead on the ratings agency, although there was no timetable announced for its formation... (Africa News)
The so-called Brics countries – Brazil, Russia, India, China and South Africa have agreed to fast-track the setting up of their own credit-rating agency to better cater to developing economies, revelling existing ones based in Western countries. India Prime Minister Narendra Modi said they agreed to move ahead on the ratings agency, although there was no timetable announced for its formation... (Africa News)
Tesla, Apple and Uber Push Lithium Prices Even Higher
After more than tripling in price this year, Lithium is no longer that dull commodity we take for granted in our consumer electronics: It’s the commodity powering the next, undeniable energy revolution. The tight supply picture emerging as electric cars, mega-batteries and massive energy storage solutions become the cornerstones of our lives could be on the edge of turning new lithium explorers into the next barons... (Oil Price)
After more than tripling in price this year, Lithium is no longer that dull commodity we take for granted in our consumer electronics: It’s the commodity powering the next, undeniable energy revolution. The tight supply picture emerging as electric cars, mega-batteries and massive energy storage solutions become the cornerstones of our lives could be on the edge of turning new lithium explorers into the next barons... (Oil Price)
Bromance Between Xi and Putin Grows as U.S. Spats Escalate
Chinese President Xi Jinping and his Russian counterpart, Vladimir Putin, will have more than vodka shots and gifts of ice cream to show for their warming relationship when they meet this weekend on the sidelines of a developing nations’ summit in India. Recent months have seen greater security cooperation between Russia and China as they find common ground against the U.S... (Bloomberg)
Chinese President Xi Jinping and his Russian counterpart, Vladimir Putin, will have more than vodka shots and gifts of ice cream to show for their warming relationship when they meet this weekend on the sidelines of a developing nations’ summit in India. Recent months have seen greater security cooperation between Russia and China as they find common ground against the U.S... (Bloomberg)
After Fukushima: The six essential features of the revolution in the nuclear power decision-making process for the 2010-2020 decade
For the sake of completeness, the title of this exercise in political anticipation applied to nuclear power should also include two other factors besides Fukushima, namely the Internet and the global energy crisis which is one of the elements of the global systemic crisis we are experiencing. In effect, it is the combination of these three factors which, according to LEAP/E2020, radically and permanently alters the whole decision-making process on nuclear power that we have known since this source of energy took its first steps after the Second World War. This decisional “revolution” will, during the course of the current decade, equally affect the methods to decide or, on the contrary, block the development of nuclear power, as the room for maneuver for national players in these decisions... (Excerpt from the GEAB 55)
For the sake of completeness, the title of this exercise in political anticipation applied to nuclear power should also include two other factors besides Fukushima, namely the Internet and the global energy crisis which is one of the elements of the global systemic crisis we are experiencing. In effect, it is the combination of these three factors which, according to LEAP/E2020, radically and permanently alters the whole decision-making process on nuclear power that we have known since this source of energy took its first steps after the Second World War. This decisional “revolution” will, during the course of the current decade, equally affect the methods to decide or, on the contrary, block the development of nuclear power, as the room for maneuver for national players in these decisions... (Excerpt from the GEAB 55)
Tepco shares slump after anti-nuclear novice wins Japan election
Shares in Tokyo Electric Power (9501.T) fell 8 percent on Monday after an anti-nuclear candidate won an upset victory in a Japanese regional election, in a blow to its attempts to restart the world’s biggest atomic power station and a challenge to the government’s energy policy. The election of Ryuichi Yoneyama, 49, a doctor-lawyer who has never held office, is a setback for Prime Minister Shinzo Abe’s energy policy, which relies on rebooting reactors that once met about 30 percent of the nation’s needs. All but two are shut down in the wake of the 2011 Fukushima nuclear disaster... (Reuters)
Shares in Tokyo Electric Power (9501.T) fell 8 percent on Monday after an anti-nuclear candidate won an upset victory in a Japanese regional election, in a blow to its attempts to restart the world’s biggest atomic power station and a challenge to the government’s energy policy. The election of Ryuichi Yoneyama, 49, a doctor-lawyer who has never held office, is a setback for Prime Minister Shinzo Abe’s energy policy, which relies on rebooting reactors that once met about 30 percent of the nation’s needs. All but two are shut down in the wake of the 2011 Fukushima nuclear disaster... (Reuters)
EU-Africa talks pose questions on aid and security
Later this week in Brussels, EU leaders will be discussing forthcoming deals with a handful of African states. With repressive regimes like Sudan demanding that the EU finance border controls, leaders appear increasingly willing to do almost anything to stop people from crossing the Mediterranean to reach Italy... (EUObserver)
Later this week in Brussels, EU leaders will be discussing forthcoming deals with a handful of African states. With repressive regimes like Sudan demanding that the EU finance border controls, leaders appear increasingly willing to do almost anything to stop people from crossing the Mediterranean to reach Italy... (EUObserver)
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