The Chinese got just what they wanted, but here in the United States it will be spun as a big win for Trump by the White House.
For various reasons — from tech disruption to changing media consumption habits — the U.S. has seen a net loss of 1,800 local newspapers over the past 15 years. As regional newspapers are bundled together, and venture-backed digital media brands expand their portfolios, the end result is a trend towards increased consolidation.
Today, the U.S. dollar is the world’s most powerful reserve currency, making up over 61% of foreign reserves. The dollar gets an extensive network effect from its use abroad, and this translates into several advantages for the multi-trillion dollar U.S. economy.
China’s decision to stop buying commodities like soybeans from U.S. farmers has already done irreversible damage to the agricultural industry. Soybeans are rotting in silos and farmers have no one to buy their goods – meaning they will likely begin missing payments if they haven’t already.
When the father gave a graphic description of what he claimed was being taught, he was asked by the Chair of the event to tone down his language. He responded by saying if it’s not suitable to talk about with adults, “how can it possibly be suitable to talk about in schools?”
Many farmers continue to wait on the sidelines to get into the fields. With freezing temperatures, heavy snowfall, and high winds set to hit the northern Plains this week, the corn in North Dakota is only 22% mature vs. a 75% five-year average, according to Monday’s USDA Crop Progress Report.
The bad news is that a recession is likely in the next year or so, but the good news is that one year is a long time to prepare. There is little, if anything, you can do on your own to stop any kind of global economic meltdown. But you can get yourself prepared for what’s coming.
Serious consideration should be given to laying the framework of a multilateral treaty in which the world's great powers commit to replacing their store of nuclear weapons with high-impact conventionals within a timeframe of, at most, twenty years.
America’s democracy and constitution is being trashed by unelected shadowy forces, aided and abetted by prestigious media outlets like the New York Times. These forces presume to know better or have more privilege than their fellow Americans who “voted the wrong way”.
The evidence suggests that human industrialization drives commodity prices into cycles. However, past growth was asymmetric around the world with different countries taking the lion’s share of commodities at different times.
The subsidies that the U.S. government is providing to farmers to make up for lost sales to China are not making up dollar for dollar for the loss ... There’s still a difference between what the farmers could earn and did earn when there weren’t tariffs on their products going into China and what the U.S. government is paying them.”
Beyond the simple fact that a tax on meat would be yet another example of government overreach, there are other problems with a meat tax. It is also based on a subjective and dubious interpretation of the effects of meat on both the environment and on personal health. Such a tax would, like existing taxes on sugar and tobacco products, disproportionately impact the poorest Americans.
We are in the process of committing national financial suicide, and most Americans don’t seem to care. As you will see below, the federal budget deficit for the fiscal year that ended on September 30th was the largest in 7 years. In fact, it was actually 26 percent larger than last year. Federal spending is wildly out of control, and “non-discretionary spending” is projected to go through the roof in the years ahead. Under our current system, it is literally going to be impossible to turn things around. As the Baby Boomers continue to retire, the amount of resources demanded…