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Archive for 27. April 2019

Hoe Trump Lost Half of Washington

Posted by hkarner - 27. April 2019

Date: 26-04-2019
Source: The Wall Street Journal By Peggy Noonan

The old ambassadors were willing to give him a chance.
He destabilized the whole town instead.

President Trump speaks in Washington, April 17.

“How did things ever get so far? I don’t know. It was so unfortunate, so unnecessary.” —Don Corleone, “The Godfather”

I keep thinking about the dynamics the past few years between the president and what used to be called official Washington. That relationship is ugly and broken, but it could have been otherwise.

Trump supporters have long held, and deeply believe, that none of the people in what they call the swamp were ever anything but unalterably opposed to him and meant, from day one, to remove him by whatever means possible.

This was true of about half of official Washington. They were predominately Democrats, though there were Republicans too, and certainly the media were against him, overwhelmingly. Den Rest des Beitrags lesen »

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China tries to calm jitters about the „Belt and Road“ Initiative

Posted by hkarner - 27. April 2019

Date: 25-04-2019
Source: The Economist

Though belt-and-road lending is worrisome, it is not malevolent. The real problem is overreach

Chinese engineers are drilling their way through the green hills of Laos, clearing a path for a railway that one day may traverse South-East Asia. Each time they complete a tunnel—at least three times in the past month—they hold a brief ceremony, waving Chinese flags for the cameras. They are celebrating not just their engineering success but also the evidence before them that the Belt and Road Initiative (bri), China’s global infrastructure-building scheme, is making progress. The full railway is a long way off. Work has barely begun in Thailand, the next link. But the section in Laos should be in use by 2021.

It will be a test of what many see as a big economic danger of the bri: that it will saddle poor countries with unmanageable debts. China insists that its tens of billions of dollars in loans and investments are fostering global prosperity—a message that it is sure to repeat to foreign leaders attending the second Belt and Road Forum, which takes place from April 25th to 27th in Beijing (pictured is a floral display marking the event). But worries about the cost of the bri, a project closely linked with President Xi Jinping’s foreign policy, have become widespread. Malaysia, Pakistan and Sierra Leone are among a growing list of countries that have delayed or scrapped China-led projects. Den Rest des Beitrags lesen »

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The Euro’s Bad Year Just Keeps Getting Worse

Posted by hkarner - 27. April 2019

Date: 26-04-2019
Source: The Wall Street Journal

Data released in coming days could widen gap between euro and U.S. dollar

Expectations are muted for next week’s batch of European data, which have some analysts betting the euro has further room to slide.

Investors souring on hopes of an economic rebound in the eurozone are taking
their bets to the currency market.

The euro is trading at a nearly two-year low against the U.S. dollar, hurt by reports this week showing confidence among businesses in Germany and manufacturers in France both fell in April. The currency is headed for its fifth weekly decline in six weeks, a reflection of the growing skepticism among investors about policy makers’ ability to steer an economic turnaround in Europe. Den Rest des Beitrags lesen »

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