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Archive for 18. Dezember 2016

Gegen den Dollar: China stößt massiv US-Staatsanleihen ab

Posted by hkarner - 18. Dezember 2016

Deutsche Wirtschafts Nachrichten  | 

China hat den sechsten Monat in Folge US-Staatsanleihen verkauft. Auch andere Staaten versuchen, ihre finanziellen Ansprüche gegenüber den USA loszuwerden.

Yuan undDollar. Yuan Dollar

Seit einigen Monaten stoßen ausländische Investoren mehr US-Staatsanleihen ab, als sie kaufen. (Grafik: Zerohedge.com)

Seit einigen Monaten stoßen ausländische Investoren mehr US-Staatsanleihen ab, als sie kaufen. (Grafik: Zerohedge.com)

Die Volksrepublik China hat im Oktober amerikanische Staatsanleihen im Wert von etwa 41,3 Milliarden Dollar abgestoßen. Der Oktober ist damit der sechste Monat in Folge, in dem China seinen Besitz an US-amerikanischen Schuldentiteln („Treasuries“) verringert hat, berichtet Wolf Street. Japan hat China inzwischen als größten Gläubiger der USA abgelöst. Japan hielt im Oktober amerikanische Staatsanleihen im Gesamtwert von 1,131 Billionen Dollar, während China nur noch auf 1,115 Billionen kam. Japan stieß im Oktober US-Anleihen im Gesamtwert von 4,5 Milliarden Dollar ab. Den Rest des Beitrags lesen »

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Trump’s Chinese Scapegoat

Posted by hkarner - 18. Dezember 2016

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Big data, meet Big Brother

Posted by hkarner - 18. Dezember 2016

Date: 17-12-2016
Source: The Economist

China invents the digital totalitarian state

The worrying implications of its social-credit project

GARY SHTEYNGART’S novel of 2010, “Super Sad True Love Story”, is set in a near future when the Chinese yuan is a global currency and people all wear an “apparat” around their neck with RateMe Plus technology. Personal details are displayed in public on ubiquitous Credit Poles, posts on street corners with “little LED counters at eye level that registered your Credit ranking as you walked by.” The protagonist’s are summed up thus:

LENNY ABRAMOV. Income averaged over five-year span, $289,420 yuan-pegged…Current blood pressure: 120 over 70. O-type blood…Thirty-nine years of age, lifespan estimated at eighty-three…Ailments: high cholesterol, depression…Consumer profile: heterosexual, nonathletic, non-automotive, nonreligious…Sexual preferences: low-functioning Asian/Korean…Child abuse indicator: on…Last purchases: bound, printed, nonstreaming Media artifact” [ie, book].

The novel is a fictional dystopia about the destruction of privacy. China’s Communist Party may be on its way to inventing the real thing. It is planning what it calls a “social-credit system”. This aims to score not only the financial creditworthiness of citizens, as happens everywhere, but also their social and possibly political behaviour. It is not yet clear how extensive the system will be, nor whether it will work, nor how far it will withstand the criticism ranged against it in the state-controlled media. But an outline is complete and some of the building blocks are in place. The early signs are that China is starting on the most ambitious experiment in digital social control in the world.  Den Rest des Beitrags lesen »

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Most Brexit-Brits don’t have a clue what’s involved

Posted by hkarner - 18. Dezember 2016

Date: 17-12-2016
Source: The Economist
Subject: British companies may find it harder than they expect to unravel the EU’s red tape

If it wants to carry on doing business with Europe, Britain will have to keep following its rules

ANOTHER week, another EU regulation: number 1169/2011, to be exact, concerning “food information for consumers”. Like much that comes out of Brussels, it sounds innocuous, but has already had far-reaching and costly consequences. The new rules, which came into force on December 13th, specify font sizes on food labels, require details on allergens in prepared food and a lot more. They may improve safety, but they have forced producers to rejig their manufacturing processes once again.

The breadth of EU regulation in the food industry is extraordinary, covering everything from hygiene to storage, says Helen Munday, the chief scientific officer at the Food and Drink Federation, a lobby group. Conforming to these rules over the past four decades has shaped an industry that now employs 400,000 people in Britain. The Europe-wide regulations are a faff, but they allow British firms to trade on equal terms with other companies in the EU’s single market and maintain seamless supply chains across the continent, without lengthy inspections of imported Italian mushrooms at national borders. Den Rest des Beitrags lesen »

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