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Archive for 18. Juli 2018

The „genius“ has changed his mind again

Posted by hkarner - 18. Juli 2018

Date: 17-07-2018
Source: The Wall Street Journal
Subject: Trump Reverses Course, Says Russia Meddled in 2016 Election

The president also insists no collusion took place between Russian officials and his presidential campaign

U.S. President Donald Trump says he has “full faith and support for America’s intelligence agencies” during comments at the White House in Washington.

WASHINGTON—One day after saying that he didn’t know why Russia would try to interfere in U.S. elections, Mr. Trump reversed course on Tuesday, saying he meant to say: “I don’t see any reason why it wouldn’t be Russia.”

In his first public comments since returning to Washington, Mr. Trump told reporters at the White House that he accepted the conclusion from the U.S. intelligence community that Russia meddled in the nation’s presidential election in 2016, while insisting that his campaign never colluded with Moscow.

Mr. Trump offered his “full faith and support for America’s intelligence agencies,” while again insisting that his preference was to improve relations between the U.S. and Russia. He said he has “strong respect” for intelligence agencies and noted “tremendous talent” within the U.S. intel community.

The president also said that there were no plans to lift sanctions on Russia and that his administration would work hard to thwart further attempts at Russian election meddling in the U.S. Den Rest des Beitrags lesen »

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NATO Needs New Thinking, Not New Money

Posted by hkarner - 18. Juli 2018

Date: 17-07-2018
Source: YaleGlobal by Jolyon Howorth

Donald Trump’s rough-and-tumble diplomacy in Europe overshadowed more pressing concerns for the North Atlantic Treaty Organization. Trump harangued allies to spend more on defense even though NATO members had already agreed in 2014 to strive for spending 2 percent of GDP on defense by 2024. “NATO’s European members already spend more than enough money given the relatively limited objectives they set themselves – deterring a weak and declining Russia; countering terrorist groups; engaging in limited crisis management missions mainly in Africa; and cyber defense,” explains Jolyon Howorth, visiting professor with the Kennedy School of Government at Harvard. Nations confront a range of security threats and Russia has devised new attacks against the Western alliance, including election meddling with the Brexit referendum and the 2016 US presidential election. Howorth urges reform: “NATO needs to be radically re-thought because it fails to reflect the necessary reconfiguration of European and American forces in a world of rapid power transition.” Excessive military spending without adequate thought could cripple economies. – YaleGlobal Den Rest des Beitrags lesen »

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China Shifts Gears to Support Economic Growth Amid Trade Conflict With U.S.

Posted by hkarner - 18. Juli 2018

Date: 17-07-2018
Source: The Wall Street Journal

Quarterly GDP expanded 6.7%, still within Beijing leaders’ comfort zone

Beijing is encouraging commercial banks to ramp up lending for subway and other railway projects.

BEIJING—Fall-offs in factory output and investment in buildings, machinery and such are weighing on China’s growth, complicating Beijing’s task in managing the world’s second-largest economy amid a trade conflict with the U.S.

The Chinese economy clocked a 6.7% expansion rate in the second quarter from a year earlier, down slightly from 6.8% in the January-March period, the statistics bureau reported Monday. While that rate is within Chinese leaders’ comfort zone, some economists said more troubling are the drop-offs in business activity and domestic demand.

Industrial output rose 6% in June from a year earlier, markedly down from a pace of 6.8% in May. Meanwhile, investment in fixed assets grew 6% in the first half of the year—a notch down from the 6.1% rate in the first five months and a level not seen since the late 1990s.

The slack is partly due to a government campaign against debt that has made businesses skittish about spending. While Beijing is already shifting gears to support growth—and fend off any ill-effects from the escalating trade fight with the U.S.—some economists expect the slowdown to worsen in coming months before the lingering effects of the credit-tightening dissipate. Den Rest des Beitrags lesen »

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The Trump First Doctrine

Posted by hkarner - 18. Juli 2018

Date: 17-07-2018
Source: The Wall Street Journal By The Editorial Board

Putin respects strength but Trump showed weakness.

Donald Trump left for Europe a week ago with his reputation enhanced by a strong Supreme Court nomination. He returned Monday with that reputation diminished after a tumultuous week of indulging what amounts to the Trump First Doctrine.

Mr. Trump marched through Europe with more swagger than strategy. His diplomacy is personal, rooted in instinct and impulse, and he treats other leaders above all on how much they praise Donald J. Trump. He says what pops into his head to shock but then disavows it if there’s a backlash. He criticizes institutions and policies to grab headlines but then claims victory no matter the outcome.

The world hasn’t seen a U.S. President like this in modern times, and as ever in Trump World everyone else will have to adapt. Let’s navigate between the critics who predict the end of world order and the cheerleaders who see only genius, and try to offer a realistic assessment of the fallout from a troubling week. Den Rest des Beitrags lesen »

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