Yukon Huang Economics, Americas Both history and logic tell us that such protectionist measures make little sense. Despite a litany of warnings from experts and some of his own advisors, President Trump is determined to pursue a series of counterproductive, protectionist measures. Tariffs levied in January on imported solar equipment and washing machines have now been followed by tariffs on steel and aluminum imports. In the coming months, more serious and China-specific actions are likely to be taken based on Section 301 of the Trade Act of 1974 for alleged discriminatory investment practices and IPR violations. Yet both history and logic tell us that such protectionist measures make little sense. The two percent sell off in U.S. equity markets in response to the steel tariffs illustrates why the financial community also realizes that this is bad for the U.S. economy. Widespread pushback from America’s allies such as Canada, Germany and the UK on the steel tariffs is further weakening America’s global standing. Contrary to President’s Trump’s recent comment that “trade wars are good and easy to win,” it is widely understood that the steel tariffs will raise prices for consumers, reduce competitiveness of firms that need steel to produce other products and do nothing to reduce America’s huge trade deficits. Such actions reflect a fundamental misunderstanding of trade principles. It is a mistake to assume that trade is a bilateral issue when it is multilateral, especially in an age when production networks dominate the global trading system. Products from one country will likely incorporate components from others. Moreover, it is logical that countries run deficits with some countries and surpluses with others. It is the overall trade balance that actually matters. Product specific tariffs designed to curb a bilateral trade deficit with say China will not lead to an overall reduction in the U.S. trade deficit, it will merely shift it to another country. And interestingly, China’s overall trade surplus last year fell to a decade low of around 1.3 percent of GDP. It is a mistake to assume that tariffs and quotas will moderate America’s trade deficits when a country’s overall trade balance is determined by its savings and investment rates. America’s long-term decline in household savings rates coupled with huge federal budget deficits have made a trade deficit inevitable. That is why the U.S. has had a current account deficit for forty straight years, in good times as well as bad, and decades before China even became a major export power. Read full article
WASHINGTON (Reuters) - Forty-five U.S. trade associations representing some of the largest companies in the country are urging President Donald Trump not to impose tariffs on China, warning it would be "particularly harmful" to the U.S. economy and consumers.
In 1978, Norman Foster’s Sainsbury Centre for Visual Arts at the University of East Anglia was a gleaming vision of the future. A forthcoming exhibition there celebrates a distinctly British architecture driven by free-form technology and high idealsAh yes, the 1970s. The three-day week, the winter of discontent, Austin Allegros, punch-ups with the National Front, mutterings of rightwing coups, the Sex Pistols swearing on family TV. They included, to be sure, such now unavailable non-trivia as free higher education, affordable housing and a functioning health service. But it was a decade that, having flared into being in the psychedelic glow of its predecessor, embrowned itself into the tones of hessian and muesli and the guttering shadows of power cuts. It was the time when architectural modernism, imploding under the weight of self-doubt and external criticism, gave way to a meek “neo-vernacular” of bricks and pitched roofs.And then, in Norwich (to misquote the opening credits of the epoch’s epic game show, Sale of the Century), appeared an assured and beautiful statement of faith in the new: a shining shed on, if not quite a hill, this being Norfolk, at least an upward incline. The Sainsbury Centre for Visual Arts at the University of East Anglia, designed by the fortysomething architect Norman Foster, was, as he now says, based on “an optimistic view of the future”. The era’s mood of malaise and decay could only bounce off its aluminium hide. Continue reading...
Interview with Dr. Efraim Zuroff: Nazi executioners in Baltics are turning into heroes.
Marathon Oil (MRO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Smartphones are only part of the picture; sleep problems are both cause and consequence of social disadvantageObesity used to be regarded as a disease of affluent societies. In a sense, of course, this is true: you cannot be obese if you cannot afford enough calories. But we now understand that the story is more complex, and that children from low-income groups are more likely to be obese than those from the highest-income groups.Our understanding of sleep deprivation has yet to see a similar evolution. Almost half the British population say they get six hours’ sleep a night or less, compared with around a twelfth in 1942. Experts blame developments such as electrification and the proliferation of entertainment; one neuroscientist went so far as to warn of a “catastrophic sleep-loss epidemic” recently. We need sleep for mental and physical recovery; for cognitive control, memory and learning. Sleep loss is associated with everything from obesity and Alzheimer’s disease to diabetes and poor mental health. Continue reading...
Forty-one-year-old eyes lucrative deal as mixed martial artistMayweather earned millions from fight against Conor McGregorAnd so the circus begins. Again. Former boxing world champion Floyd Mayweather appears to be coming out of retirement to compete as a mixed martial arts fighter.The 41-year-old made tens of millions of dollars from his boxing fight against UFC champion Conor McGregor last year and appears ready to follow that up with an MMA bout. He confirmed to TMZ Sports on Thursday that he plans to start training with UFC welterweight champion Tyron Woodley soon. Continue reading...
Authored by Alex Deluce via GoldTelegraph.com, Following the recent market crash, investors lost $5.2 trillion worldwide before the market managed to recover most of the losses. There are hints that certain bubbles are ready to burst as the worlds biggest hedge fund positions accordingly. In addition to the stock market, the global gold supply is weakening, leaving investors anticipating higher prices. In 2017, the gold supply plummeted the most since any year since 2008. If the supply of gold is really plateauing, experts are predicting a 'peak gold' period. China, the world larger miner of gold, produced 453 tons of the metal in 2016. In 2017, China’s production fell by 9 percent. If production of gold continues to fall, a rise in global demand is a certainty. The demand will come from investors and centrals banks unwilling to rely on the dubious strength of the US dollar. The Chinese are enjoying a boon economy, and the newly rich who can afford it are looking to buy physical gold in an effort to protect their wealth. China supplies its gold only domestically and does not export the metal. If China’s domestic gold supply is depleting, it will certain seek to buy gold elsewhere. Part of Chinese economic plan is to potentially reduce the global dominance of the dollar with the yuan. The US dollar has dominated the global currency market for over 40 years. China, and Russia are actively increasing their gold reserves, which could lead to both economic and political uncertainties as more countries begin to dump US Treasuries. Both Russia and China are planning to use gold-backed currency as payment when trading with each other. This makes gold a critical commodity for both countries. China might import gold to meet its own demand. But the available supply of gold is finite. During the past 15 years, global gold deposits have become depleted, and replacement deposits are becoming rarer each year. World Gold Council Chairman Randall Oliphant has indicated that global gold production may have reach its peak. The time may come soon when the supply is not expected to meet the demand. The price of gold usually rises during times of economic slowdowns. How will the global financial market react when the supply of gold is running low and gold becomes an even rarer commodity? China is not the only country producing less gold. South African and Australian gold deposits are showing signs of becoming depleted. The cost of exploring for new gold has become cost prohibitive and viable deposits are becoming more difficult to reach. The potential of a worldwide shortage is good news for investors. Even as mines become exhausted, gold as a commodity will still exist. Gold differs from oil, which, once used up, is physically gone. But gold mining and exploration will become more costly. For over 130 years, massive gold deposits were discovered in a number of countries. Gold has been easy to access and produce. During the late 20th century, some mines were producing as much as 50 million ounces of year a year. In the 21st century, mines producing 50 million or even 30 million ounces of gold no longer exist. Gold exploration is down to a few discoveries producing 15 million ounces annually. The price of gold has fallen steadily since 2012. Mining companies are unable to fund new explorations. The time between gold discovery and active mining spans an average of seven years. This is a considerable time span between the exhaustion of old mines and the mining of new ones. And mining companies will find it difficult to bear the expense. Once productive and seemingly endless gold deposits are depleting quickly. Forty percent of all the gold mined throughout history has come from the Witwatersrand Basin in South Africa. During the 1970s, an excess of 1,000 metric ton of gold was mined each year. In 2017, Witwatersrand Basin’s gold production fell 83 percent compared to 1970, down to 167.1 tons. China, is still exploring veins for more gold. But how long will it be able to justify the cost as mining for gold that lays deeper in the earths crust? More capital is needed for further gold exploration globally. Until that happens, the supply of gold will remain low and the demand will rise. This means that in the near future, this could serve as a major catalyst moving forward.
As ZeroHedge readers are doubtless aware, massive student loans have become an anchor around the necks of millions of young graduates - who are finding it increasingly difficult to break out from under the yoke of crippling debt. Outstanding student debt has more than doubled since the 2009 lows alongside the world's biggest experiment in synthetic economic growth thanks to quantitative easing - standing at nearly $1.5 trillion. And times are still "good" so to speak... As we reported in January, nearly 40% of student loans taken out in 2004 are projected to default by 2023 according to a report by the Brookings institute. This is a major problem - one which will either resolve through a resurgent economy, or tacking another Trillion plus onto the national debt once bankruptcy laws are changed and debt forgiveness becomes the next generation's problem (you don't actually think the banks will take the hit, do you?) Until then, young Americans are drowning in debt, unable to improve their standard of living, and are significantly worse off than their parents generation. Millennials are now graduating with excessive levels of debt - often used not just for tuition, but living expenses as well. Their baby boomer parents, meanwhile, enjoyed entering into their 20s with little to no debt, significantly high purchasing power - enabling a typical family to afford a mortgage and a decent standard of living on one salary. Boomers, unencumbered by crippling debt, were also able to begin saving much earlier - thus taking advantage of compound interest. The math isn't looking good for the kids... Using a an assumption of $40,000 in debt upon graduation (the class of 2016 average was $37,172 and it's growing): For example, say you graduate with $40,000 in debt and you owe a 4% interest rate for 15 years. While the federal government expects the loans to be paid back in 10 years, it takes the average Wisconsin graduate 19.7 years to pay off a loan for a bachelor’s degree. Therefore, it’s a reasonable example. In this mock example, monthly payments would be $295.88 and $53,257.53 in total. If you don’t have student loans at graduation like many baby boomers and you put $295.88 in a diversified portfolio which returns 6% per year, you will have $86,477.68 after 15 years. Therefore, the difference between someone with student loans and without them ends up being $139,735.21. The difference grows exponentially as the student loans grow because the interest paid and the returns on the potential savings increase. -UPFINA The bottom line: it's taking much longer for new graduates to dig their way out of debt, start saving, and earn enough to retire comfortably. It's simply not penciling out anymore for many Americans. About that inheritance... Millennials drowning in debt hell are also facing a shrinking inheritance, should they be so fortunate to receive one - as their boomer parents are plowing through their savings and chipping away at the equity in their homes. Eight years of low interest rates have also drastically undermined the return savers and retirees were counting on. As we reported yesterday, a study released by GoBankingRates reveals that older people planning their retirement have cause for concern. Forty-two percent of Americans are facing their golden years with less than $10,000 in savings. A lack of savings and planning has reduced what should be an enjoyable time in seniors’ lives to a period of stress and worries for many. (h/t Virginia Fidler via GoldTelegraph.com) A 2007 study by the Insured Retirement Institute found that 24% of boomers have no retirement savings - the lowest number since the study started in 2011. Only 55% of Baby Boomers have some retirement savings and, of those, 42% have less than $100,000. Thus, approximately half of retirees are, or will be, living off of their Social Security benefits. -Barbara A. Friedberg In other words:
Voters are split on whether President Donald Trump should meet with the North Korean leader, Kim Jong Un, without first securing promises from the North on its nuclear weapons program, according to a POLITICO/Morning Consult poll conducted after the announcement that Trump had agreed to meet Kim this spring.Forty-one percent of voters, surveyed this weekend about a Trump-Kim sit-down, said Trump should meet with Kim without preconditions — slightly more than the 36 percent who said Trump should meet with Kim only if North Korea makes concessions regarding its nuclear program beforehand. Nearly a quarter of voters, 24 percent, had no opinion.That result comes from a supplemental survey to the regular, weekly POLITICO/Morning Consult poll, which was already in the field when the meeting was announced.In the regular poll, voters are sharply divided on their trust in Trump to handle threats posed by North Korea. Fewer than a quarter of voters, 24 percent, say they have “a lot” of trust in Trump, 21 percent have “some” confidence, 16 percent don’t have much confidence and 31 percent have “no confidence at all.”A majority of Republican voters, 51 percent, say they have a lot of confidence in Trump to handle North Korea — but 54 percent of Democratic voters have no confidence at all.“Democrats and Republicans have drastically different viewpoints on whether President Trump will be able to handle threats posed by North Korea,” said Kyle Dropp, Morning Consult’s co-founder and chief research officer. “While 81 percent of Republicans say they have a lot or some confidence in Trump’s ability to handle those threats, only 18 percent of Democrats say the same.”Trump’s overall approval rating in the survey stands at 44 percent, a point higher than last week’s poll.Asked to evaluate a number of possible measures for handling North Korea, majorities of voters support diplomatic efforts (75 percent), imposing additional sanctions on North Korea (63 percent), imposing sanctions against countries that trade with North Korea (61 percent) and adding North Korea to a list of state sponsors of terrorism (57 percent).But there is little support for military action: Fewer than a third, 32 percent, support airstrikes against North Korea, while 48 percent oppose them. Only 23 percent of voters support sending ground troops to North Korea, compared with 58 percent who oppose such action.The initial POLITICO/Morning Consult poll was conducted March 8-12, surveying 1,997 registered voters. The survey taken after the announcement on the North Korea was conducted March 9-11, surveying 1,992 registered voters.The margin of sampling error for both surveys is plus or minus 2 percentage points.Morning Consult is a nonpartisan media and technology company that provides data-driven research and insights on politics, policy and business strategy.More details on the poll and its methodology can be found in these two documents — Toplines: http://politi.co/2Dpm6DJ | Crosstabs: http://politi.co/2pex0rZSupplemental survey — Toplines: http://politi.co/2Hz7cgT | Crosstabs: http://politi.co/2tNdvew
Authored by Virginia Fidler via GoldTelegraph.com, A study released by GoBankingRates reveals that older people planning their retirement have cause for concern. Forty-two percent of Americans are facing their golden years with less than $10,000 in savings. A lack of savings and planning has reduced what should be an enjoyable time in seniors’ lives to a period of stress and worries for many. Out-of-pocket expenses for health care is spiraling. The Bureau of Labor Statistics indicates that Americans 65 years of age and older may spend up to $46,000 annually on healthcare. This is not good news for those with only $10,000 on which to fall back on. For adults over 50, this should be a call to act now, while there is still time. Only one-third of adults in that age group have savings greater than $10,000. Retirement planning needs to become a priority, as there is little time to waste. Pensions are becoming rarer, and Social Security is becoming less secure than it used to be. Many health needs of seniors are not covered by Medicare. Some experts believe the Social Security system will be depleted by 2030. Adults over the age of 50 need to consider making contributions into 401(k) accounts or similar retirement plans. Social Security was never intended to be the sole income of retiring seniors. It was meant to supplement approximately only 40% of post-retirement spending. Social security was supposed to enhance seniors’ lives, not support it entirely. However, according to Investopedia.com, 43 percent of unmarried seniors rely on Social Security to cover 90 percent of their basic needs. Almost a quarter of married couples depend on Social Security to meet most of their expenses. Some seniors struggling with poverty are able to receive supplemental income (“SPM”), such as food stamps for a bit of additional help. The need is especially high for seniors who are women, African Americans, and Hispanics, and those with ongoing health issues. 6,400,000 million American seniors are living at poverty level, struggling to meet fundamental needs such as rent and food. This number is likely to increase as more boomers become eligible for Social Security and the system becomes less able to support them. What does this mean for the Millennial generation? The current Social Security system will be unsustainable at some point. It cannot continue at the current level. It probably won’t be abolished, as that would cause chaos for seniors. However, Millennials are aware that changes are coming. They know that benefits will likely be reduced by the time they grow older. The good news is, Millennials are aware of the problem. Members of the boomer generation who assumed Social Security would take care of their needs are learning a hard lesson.
В Петербурге в понедельник вечером взрыв бытового газа произошел в девятиэтажном жилом доме. В результате взрыва пострадали три человека. Они госпитализированы. Из жилого дома эвакуировали 20 человек.
A massive international money laundering operation based on San Diego has been taken down by a multi-agency task force involving 15 agencies and 24 offices, including the FBI, IRS, DOJ, DEA, ICE, San Diego law enforcement, Mexican Federal Police and the Mexican Financial Intelligence Agency (UIF). According to recently unsealed indictments, 40 individuals have been charged in connection with an international money-laundering operation with ties to the Sinaloa Cartel in Mexico. The recent indictments brings the total number of defendants in the case to 75, spanning five states and Mexico. Law enforcement seized more than $6 million dollars, 95 kilograms of meth, 63 kg of heroin, 10 kg of #fentanyl, 92 kg of cocaine, 252 kg of marijuana, and 20 #firearms, including #semiautomatic #assaultrifles and #handguns. https://t.co/sIQKIwqh0E #FBI pic.twitter.com/nwGpFhMHWC — FBI San Diego (@FBISanDiego) March 8, 2018 In addition to the indictments unsealed today in San Diego, a total of 75 defendants nationwide have been charged across the United States with crimes ranging from #drug distribution to #money-laundering, all stemming from this investigation. #FBI pic.twitter.com/HpVYRjxxgH — FBI San Diego (@FBISanDiego) March 8, 2018 Jose Roberto Lopez-Albarran, a significant money broker for a Mexican-based international money laundering organization, along with other members of the organization, allegedly laundered tens of millions of dollars in narcotics proceeds from the United States to Mexico between 2015 and 2018. As a result of the investigation, law enforcement seized more than $6 million dollars in United States currency as well as 95 kilograms of methamphetamine, 63 kilograms of heroin, 10 kilograms of fentanyl, 92 kilograms of cocaine, 252 kilograms of marijuana, worth millions of dollars on the streets, and 20 firearms, including semiautomatic assault rifles and handguns. -Justice.gov Forty Defendants Charged in San Diego with Conspiring To Launder Millions of Dollars in Drug Money for Mexican Cartels read more at https://t.co/9SM1iD3L88 #FBI pic.twitter.com/tzQe9PwlYN — FBI San Diego (@FBISanDiego) March 9, 2018 Lopez-Albarran oversaw the scheme to transfer millions of dollars in narcotics proceeds from the United States to drug suppliers in Mexico, including individuals working for the Sinaloa Cartel. The syndicate coordinated their operation using, among other things BlackBerry devices - which as we reported Yesterday, authorities arrested the San Diego-based CEO of a company which provides ultra-secure BlackBerries to the Sinaloa cartel and other organizations involved in the drug trade. Undercover agents from San Diego were able to infiltrate Lopez-Albarran's organization - gaining his trust over two years until they were tasked with picking up bulk currency across the United States - identifying "money movers" lower down the totem pole in the process. In addition to San Diego, indictments were issued for defendants in Ohio, Kentucky, Kansas and Washington. Cash pickups took place in parking lots, hotels and restaurants across the country - using hidden vehicle compartments, luggage, duffel, bags and shoeboxes. The cash would then be deposited into funnel bank accounts and wire transferred to Mexican bank accounts associated with fake Mexican companies controlled by the money laundering operation. "By targeting these money movers, law enforcement was able to discover multiple drug trafficking cells across the United States responsible for importing and distributing substantial quantities of fentanyl, heroin, methamphetamine and cocaine," said the Justice Department in a release. Lopez-Albarran was arrested February 9 in San Diego and remains in federal custody along with several co-defendants arrested between January 11 and January 17, all in San Diego as well. Another lead defendant, Manuel Reynoso Garcia and several co-conspirators were charged last month in San Diego federal court for their roles in the sophisticated money laundering operation. “We have siphoned the cash and the life out of a San Diego-based international money laundering organization with ties to the Sinaloa Cartel,” said U.S. Attorney Adam Braverman. “By following the money, we have discovered large quantities of fentanyl, heroin and methamphetamine that are no longer destined for the streets of America. That’s a one-two punch that takes these organizations completely out of the ring and makes our communities safer.” The charges include Conspiracy to Distribute Controlled Substances, in violation of Title 21 U.S.C. §§ 841(a)(1) and 846, and Conspiracy to Launder Monetary Instruments (18 U.S.C. 1956(h)). The penalties range from 10 years to life and fines of up $500,000 or twice the value of the contraband recovered by authorities. “These types of complex investigations, spanning across the nation and our international boundaries, requires a fundamental change in how we share information, coordinate and collaborate. These joint investigations, where shared awareness and decentralized execution was the norm, can and must be how we disrupt these drug trafficking and money laundering networks in the future,” said Special Agent in Charge John A. Brown of the San Diego Division of the Federal Bureau of Investigation. “This case model is built upon the incredible collaboration of the federal, state, and local partners across the United States and in Mexico. Today, this case exemplifies how dedicated collaboration equals success.”
People have spent 500 million hours watching Adam Sandler movies on Netflix. Here are 10 other crazy facts you might not know about the streaming service.
Musk Predicts First Mars Short Space Trip In 2019; Sees Martian Colonies With "Pizza Joints And Night Clubs"
Seemingly unbothered by such trivial and mundane developments such as the recent price action of Tesla, which unlike many of its money-burning "story" peers has seen its stock languish this year amid growing sellside skepticism and downgrades, Elon Musk told an audience at South by Southwest to think big, and that his timeline for sending a space vehicle to Mars could mark its first short space flight as early as the first half of 2019. Recall that Musk's SpaceX announced in September 2017, that it aims to send a cargo mission to the Red Planet by 2022. SpaceX's ultimate objective is to plant the seeds to put a human colony on Mars. A colony, mind you, that will cost a lot of taxpayer subsidized cash. This is how Wired laid out Musk's grand vision last year: Sporting Tony Stark facial hair, Musk outlined SpaceX's plan today at the 67th annual International Astronautical Congress in Guadalajara, Mexico. It involves a slew of new technology: gigantic, reusable rockets; carbon fiber fuel tanks; ultra-powered engines. Plus spaceships capable of carrying a hundred or more passengers to the Red Planet, landing, then returning to Earth to pick up more. Musk doesn't just want to go to Mars: He wants to build a civilization there. Which means he'll need all that sweet gear to make it cheap enough to work. Cheap, of course, is relative. Still, Musk estimates that buying a single ticket to Mars right now (using non-existent tech) would probably cost around $10 billion. The same amount of cash could buy you a few square blocks in Midtown Manhattan. But once the so-called SpaceX Interplanetary Transport System is fully operational, he estimates that a person will be able to travel to the Red Planet for around $200,000. Take a ride with Elon through his Martian fantasy. You and 99 or more other passengers board a huge crew vessel atop a massive new rocket—combined, they are about as tall as a 40-story building. Forty-two Raptor engines rumble to life below, and soon you and your fellow pilgrims are gunning through the upper atmosphere at tens of thousands of miles per hour. After depositing you in orbit, the first stage booster drops back to Earth, and flies itself back to the launchpad at Cape Canaveral. After some indeterminate refurbing, a crane attaches another spaceship on top. Except this one has no people. It's full of fuel. The rocket launches again, and releases the spaceship, which meets your spaceship in orbit and transfers its fuel load into your ship's tanks. Repeat a few times until your ship is topped off. Then, you head for Mars. All of the above summarized in just three symbols: $$$. Of course, Musk would never admit that, instead he has much loftier ambitions - no less than saving humanity from near certain doom. As Musk put it at the beginning of his speech: "I really think there are two fundamental paths [for humans]: One path is we stay on Earth forever, and some eventual extinction event wipes us out." "I don’t have a doomsday prophesy." "But history suggests some doomsday event will happen." "The alternative is, become a spacefaring and multi-planetary species." And remember: the best way to avoid doom is to give Musk a blank-check endorsed by all of humanity's taxpayers, subsidizing this latest and most spectacular of all boondoggles, even as back on earth the Model 3 which is supposed to propel TSLA's stock into outer space is getting increasingly mixed reviews: "We took delivery of our Model 3 today. It looked like everything was working OK until we got within about 10 miles of the house. That was when the touchscreen started to malfunction." https://t.co/lOYnUmIUCO — Charley Grant (@CGrantWSJ) March 8, 2018 But back to Musk's grand visions of humanity's next bold step to Mars: the SpaceX CEO held a surprise Q&A session at the annual technology and culture festival South by Southwest in Austin, Texas on Sunday, where according to CNBC he told attendees that "we are building the first Mars, or interplanetary ship, and I think well be able to short trips, flights by first half of next year." Of course, when it comes to Musk and his calendar milestones, one should add a decade just to be safe. And indeed, mindful of elevating expectations too high, Musk hedged: "Although sometimes, my timelines are a little, you know..." he said to laughter. So what does Musk need, if not more money (yet)? "The biggest thing that would be helpful is just general support and encouragement and goodwill," Musk said. "I think once we build it we'll have a point of proof something that other companies and countries can go and do. They certainly don't think it's possible, but if we do they'll up their game." Actually, scratch that: lots of money will be needed after all: Musk said that in the intermediate term, Mars will need Glass domes, a power station, and an assortment of basic living fundamentals. To start, Mars will have "the most elementary infrastructure. Just a base to create propellant, a power station, blast domes in which to grow crops, all the sort of fundamentals without which you could not survive." Musk said the first human colony on Mars won't be an "escape hatch for rich people," but will instead be a place where a small group of people "for whom the excitement of the frontier exceeds the risk and danger" plants the seeds for a democratic, entrepreneurial society. Translation: only rich people need apply. After the infrastructure is complete the colony fun will begin with "an explosion of entrepreneurial opportunity because Mars will need everything from iron foundries to pizza joints to nightclubs" he said, probably to even more zombified laughter. In a wide-ranging series of remarks, Musk regaled the audience with anecdotes about several of his other ventures, including Tesla and the Boring Company, with the billionaire joking he tweets about the latter more than he actually spends time working on it. Musk raised eyebrows when asked about the source of his inspiration: his answer: Fred Astaire and Kanye West. As to whether Musk sees himself as the ruthless dictator in charge of an entire planet, Musk said Mars will probably be a direct democracy, with votes on every major issue.
Kyle Mizokami Security, Europe Welcome aboard the Dreadnought class. Sometime in the early 2030s, the largest submarine ever built in the United Kingdom will slip into the waters off Barrow-in-Furness, pass through a series of docks and make for the Irish Sea. HMS Dreadnought will be the ninth ship to bear that historic name, and by far the most lethal. The Dreadnought-class submarines will be the custodians of the UK’s nuclear arsenal for at least thirty years, preventing the country from falling victim to surprise attack. The United Kingdom’s first ballistic-missile submarines were launched in the 1960s. The four Resolution-class submarines, two of which were also built at Furness, were built around the American Polaris submarine ballistic missile. The Resolutions were the sea-based leg of England’s nuclear deterrent force, and under a plan called Continuous At Sea Deterrence (CASD) the country has kept at least one nuclear-missile submarine on watch every day for the last forty-nine years. Recommended: How North Korea Could Start a War Recommended: This Is What Happens if America Nuked North Korea Recommended: The Colt Python: The Best Revolver Ever Made? Read full article
Jacob Eishen Security, Middle East The United States would be remiss in damaging relations with this valuable player in the complex Middle East. The Sultanate of Oman, bordering Saudi Arabia to the north and less than fifty miles across the Strait of Hormuz from Iran, has long been seen as a minor player in regional affairs. With low oil prices leading to economic slumps and repeated budget deficits, it could be seen as another poor Arab state with little potential for exerting influence outside of its borders. But with a long-stable monarchy under the now-ailing Sultan Qaboos, a quite moderate third variant of Islam known as Ibadism, and a strategic location past which forty percent of the world’s oil passes, Oman plays an outsized role in balancing the great powers in the region. It also remarkably remains one of few countries in the world that has not been impacted by terrorism, with one study finding not a single Omani fighting alongside ISIS, and another finding terrorism to have no measurable impact within Oman, the only country in the Middle East to receive such a rating. As rising and existing powers within and outside the Middle East seek to project power in the region, Oman stands as an ideal partner for those seeking a stable ally in an uncertain time. During the Obama administration, Oman played a critical role in securing American interests in the Middle East. Between securing the release of American citizens from Iran and Houthi rebels in Yemen, the country has been a fruitful broker of American diplomacy in areas where traditional lines of communication are unavailable. A free-trade agreement, cooperation on counterterrorism, military exercises and cultural exchanges all were completed or expanded during the Obama years and provided the sultanate with increased visibility and influence in the region, strengthening a strategic U.S. partner. Most importantly, Oman’s role in facilitating the Iran nuclear negotiations, starting secretly in 2013 and being completed in 2015, proved the level of trust that the U.S. government had in its ally. Read full article
В Европе уничтожают банкиров целыми семьямиВ Западной Европе продолжается череда таинственных убийств высокопоставленных банкиров. Их убивают нарочито жестоко вместе с детьми и женами. С января этого года было убито уже 14 топ-менеджеров ведущих банков, ни одно из преступлений не было раскрыто. Такими темпами, банкиры по примеру Депардье вскоре начнут просить политубежище в России.В пятницу, 18 апреля, стало известно, что в бельгийском городе Визе был убит 37-летний директор BNP Paribas Fortis вместе со своей супругой и девятилетним племянником в результате стрельбы из проезжающего мимо них автомобиля. Согласно заявлениям мэра Визе Марселю Невену, ничто не может объяснить, что вызвало жестокую стрельбу поздней ночью 18 апреля. До сих пор не найдены ни убийца, ни внятный мотив для совершения этого преступления.Ранее финансовый мир был озабочен загадочным убийством бывшего генерального директора ABN Amro и членов его семьи, позже стало известно о гибели главы Bank Frick & Co. Юргена Фрика в Лихтенштейне.Всего, не считая последнего убийства, начиная с январе в Европе и США погибло уже 13 банкиров.Часть смертей полиция классифицирует как самоубийства, а некоторые называют необъяснимыми или просто отказывается раскрывать подробности, что только усиливает подозрения в умышленных убийствах.№1. УИЛЬЯМ БРОКСМИТ58-летний бывший топ-менеджер Deutsche Bank был найден мертвым в своем доме в центре Лондона 26 января. Полиция классифицирует эту смерть как самоубийство.№2. КАРЛ СЛИМ51-летний управляющий директор Tata Motors был найден мертвым на четвертом этаже отеля Shangri-La в Бангкоке 27 января.№3. ГАБРИЭЛЬ МАГИ39 -летний сотрудник JP Morgan умер после падения с крыши европейской штаб-квартиры JP Morgan в Лондоне 27 января.№4. МАЙК ДЮКЕР50-летний главный экономист инвестиционного банка США был найден мертвым недалеко от Такомского моста в штате Вашингтон.№5. РИЧАРД ТЭЛЛИ57-летний основатель Title Services был найден мертвым в начале этого месяца. Судя по всему, он сам выстрелил в себя из ружья.№6. ТИМ ДИКИНСОНДиректор по коммуникациям британской Swiss Re AG также умер в прошлом месяце, однако обстоятельства его смерти до сих пор неизвестны.№7. РАЙАН ГЕНРИ КРЕЙН37-летний топ-менеджер JP Morgan умер несколько недель назад . Подробностей трагедии нет, в качестве причины называется самоубийство. О его смерти свидетельствует лишь небольшой некролог в Stamford Daily Voice.№8. ЛИ ДЖУНДЖИ33-летний банкир из Гонконга покончил с собой, спрыгнув с крыши штаб-квартиры JP Morgan в Гонконге на этой неделе.№9. ДЖЕЙМС СТЮАРТБывший генеральный директор National Bank of Commerce найден мертвым в Скоттдейл, штат Аризона, утром 19 февраля. Представитель семьи отказался называть причину смерти.№10. ЭДМУНД РЕЙЛИ47-летний трейдер Midtown’s Vertical Group совершил самоубийство, прыгнув под поезд.№11. КЕННЕТ БЕЛЛАНДО28-летний трейдер Levy Capital, ранее работающий инвестиционно-банковским аналитиком в JPMorgan, выпрыгнул из окна своей квартиры.№12. ЯН ПЕТЕР ШМИТТМАНН57-летний бывший главный исполнительный директор банка ABN Amro Group найден мертвым у себя дома недалеко от Амстердама вместе с женой и дочерью.№13. ЮРГЕН ФРИК48-летний бывший генеральный директор Bank Frick & Co. был застрелен в подземном гараже одной из финансовых компаний в Лихтенштейне.