Ivan Rogers 23 January 2019 1:23 PM 23 January 2019 1:23 PM Share Twitter Facebook LinkedIn Email Whatsapp This is a transcript of a lecture Sir Ivan Rogers delivered at UCL European Institute I was asked to talk for about an hour on where Brexit came from and where it may take us. I will try and cover both, including in answering questions later, but if I may, given the intense political crisis, I want to focus primarily on where we now are, and why we are there, and then look again at what our real options are. We desperately need clear and honest thinking about our choices not just for the weeks but for the years, indeed decades, ahead. I continue to think that our political debate is bedevilled by what, at the time I resigned, I termed “muddled thinking”, and by fantasies and delusions as to what our options really are in the world as it is. As opposed to several different worlds people on different sides of the debate would prefer to … [Read more...] about Where did Brexit come from and where is it going to take the UK?
U s beef exports to china
Beijing — China's economic growth hit a three-decade low in 2018, adding to pressure on Beijing to beef up stimulus measures and settle a tariff war with Washington. Growth slowed to 6.6 percent from 2017's 6.9 percent as both the world's appetite for China's exports and domestic consumer spending weakened, official data showed Monday.Forecasters said they expect Beijing to try to shore up growth by making credit cheaper, raising government spending and adopting measures to encourage sales of autos and consumer goods.Communist leaders want to steer China toward slower, more self-sustaining growth driven by consumer spending instead of trade and investment. But the slowdown has been sharper than expected, prompting Beijing to boost spending on construction of roads and bridges and to order banks to lend more, especially to the entrepreneurs who generate most of China's new jobs and wealth."Downward pressure on the economy is increasing," the commissioner of the National Bureau of … [Read more...] about China’s economic growth sinks to 3-decade low
Japan plans its first aircraft carrier and big increases in defense spending and weapons capability in the coming years, according to new defense guidelines approved Tuesday that cite its need to counter potential threats from North Korea and China and other vulnerabilities. The guidelines approved at a meeting of Prime Minister Shinzo Abe's Cabinet call for refitting an existing helicopter carrier into a ship that can deploy expensive, U.S.-made F-35B stealth fighters capable of short takeoffs and vertical landings. Japan plans to buy 147 F-35s, including 42 F-35Bs, over the next decade. The guidelines would replace the current defense plan halfway through its intended lifespan and underscore Abe's push to expand Japan's military role and capability to make it, as he puts it, "a normal country." He has long wanted to revise Japan's U.S.-drafted constitution that renounces war and has already broadened the concept of self-defense to allow Japanese personnel to defend allied military … [Read more...] about Japan to spend more on defense, refit first aircraft carrier since WWII
Adam Shell USA TODAY Published 2:56 PM EST Dec 4, 2018 So much for the all-clear sign on Wall Street. Just when it looked like the battered bull was healing, the Dow Jones industrial average suffered a drop of more than 700 points Tuesday when the bond market sent an ominous signal: The yield on the two-year U.S. government bond rose above the interest rate paid out by five-year notes. Why the pessimism over that obscure-sounding shift? Historically, when short-term rates rise above longer rates -- which is dubbed an "inversion of the yield curve" -- it signals an economic slowdown is coming. "Investors are questioning whether the Treasury market is telegraphing a more material economic slowdown," says Quincy Krosby, chief market strategist at Prudential Financial. But fears of a coming recession weren't the only thing worrying investors. Other fears dragging down stock prices Tuesday include: Fading glow of trade cease fire The optimism following the cease-fire on … [Read more...] about Why is stock market down today? Yield curve sends warning to investors
Donnelle Eller Des Moines Register Published 8:02 AM EST Dec 4, 2018 A new U.S.-China trade truce is welcome news, say Iowa farm leaders, but few expect to see an immediate bump in soybean or pork exports to Beijing despite assurances from China that it will purchase "a very substantial" amount of American goods. "Any positive news is good," said Kirk Leeds, CEO of the Iowa Soybean Association, about President Donald Trump's meeting with Chinese President Xi Jinping during the Group of 20 summit in Argentina over the weekend. "That meeting could have gone the other way — it could have turned into a meeting they walked out of without issuing a joint statement," Leeds said. "The fact that there was clearly a positive conversation is reason to be optimistic." Trump and Xi reached a trade cease-fire agreement that will give negotiators 90 days to start structuring a new trade pact. During that time, the U.S. will halt plans to increase … [Read more...] about China trade deal: Iowa farmers say truce with US is welcome