tyb
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SAM808 USAF G5 departed Fort Knox after an overnight nw
US Blacklists Over 20 More China Firms For Human Rights, Beijing Vows "Relentless Retaliation"
On Friday the Biden administration has rolled out with a new human rights-related blacklist of companies from China, Russia and Iran - including over twenty Chinese entities targeted over abuses and high-tech surveillance in Xinjiang province, adding to the prior June list. Over 30 international companies total are said to be newly blacklisted in the move.
Included among them are Shenzhen Cobber Information Technology, the Beijing-based academic institution China Academy of Electronics and Information Technology, and Leon technology, among others. China Foreign Ministry spokesman Wang Wenbin vowed "all necessary steps" in retaliation to "protect the rights and interests of its companies" against US interference.
An op-ed in the prominent state-run English language Global Times further vowed "relentless retaliation" for the new Xinjiang and Hong Kong related blacklist, the Friday publication wrote: "All sanctions against Hong Kong and the Chinese mainland will receive relentless retaliation. The US and Europe will suffer the same losses as China from the conflict. We advise them to restrain themselves," it said. Also interesting is this line, which appears to be the officials consensus in Beijing: "The Biden administration repeating the old path of the Trump administration means it will repeat the latter's failure." The op-ed added: "It will show that Biden's team is as incompetent as his predecessor, with a lack of imagination in a stalemate."
The U.S. will add at least 30 companies to its economic blacklist Friday, including 14 Chinese enterprises that are alleged to be involved in human rights abuses in the Xinjiang region https://t.co/cmrcxiOGcx— Bloomberg Next China (@next_china) July 9, 2021
Last month five Chinese entities were targeted for "accepting or utilizing forced labor in the implementation of the People’s Republic of China’s campaign of repression against Muslim minority groups in the Xinjiang Uyghur Autonomous Region" - with this list now being greatly extended. Generally, entity-listed companies are met with huge hurdles if they apply for licenses from the Commerce Department, facing extra scrutiny when seeking US suppliers, making doing business with American companies extraordinarily difficult if not impossible.
Below is the full Department of Commerce list of Chinese companies blacklisted Friday:
-Armyfly
-Beijing E-science Co., Ltd.
-Beijing Geling Shentong Information Technology Co., Ltd.
-Beijing Hileed Solutions Co., Ltd.
-Beijing Sinonet Science & Technology Co., Ltd.
-Chengdu Xiwu Security System Alliance Co., Ltd.
-China Academy of Electronics and Information Technology
-Hangzhou Hualan Microelectronics Co., Ltd.
-Info Rank Technologies
-Kindroid
-Kyland Technology Co., Ltd.
-Leon Technology Co., Ltd.
-Shenzhen Cobber Information Technology Co., Ltd.
-Shenzhen Hua'antai Intelligent Technology Co., Ltd.
-Suzhou Keda Technology Co., Ltd.
-Tongfang R.I.A. Co., Ltd.
-Urumqi Tianyao Weiye Information Technology Service Co., Ltd.
-Wingel Zhang
-Wuhan Raycus Fiber Laser Technologies Co., Ltd.
-Xinjiang Beidou Tongchuang Information Technology Co., Ltd.
-Xinjiang Lianhai Chuangzhi Information Technology Co., Ltd.
-Xinjiang Sailing Information Technology
-Xinjiang Tangli Technology Co., Ltd
https://www.zerohedge.com/political/us-blacklists-least-14-more-china-firms-over-human-rights-beijing-vows-relentless
aye
>>69727 pb
02-4452 USAFSOC C-32B departed San Juan, PR after arriving on 0706 from Bragg ground stop and JBA depart
Fed Finds Inflation Is "More Lasting But Likely Still Temporary"
The Fed has published its latest semi-annual monetary policy report ahead of Jerome Powell's testimony to Congress next week, which is full of 75 pages of warnings and cautions about the economy - which nobody will read - and instead everyone will hone in on the report's "inflation" section summary. It is here, buried deep in the summary paragraph that we find one of the biggest oxymorons to come out of the Fed yet:
Inflation: Consumer price inflation, as measured by the 12-month change in the PCE price index, moved up from 1.2 percent at the end of last year to 3.9 percent in May. The 12-month measure of inflation that excludes food and energy items (so-called core inflation) was 3.4 percent in May, up from 1.4 percent at the end of last year. Some of the strength in recent 12-month inflation readings reflects the comparison of current prices with prices that sank at the onset of the pandemic as households curtailed spending—a transitory result of “base effects.”
And the punchline:
More lasting but likely still temporary upward pressure on inflation has come from prices for goods experiencing supply chain bottlenecks, such as motor vehicles and appliances. In addition, prices for some services, such as airfares and lodging, have moved up sharply in recent months toward more normal levels as demand has recovered. Both survey-based and market-based measures of longer-term inflation expectations have risen since the end of last year, largely reversing the downward drift in those measures in recent years, and are in a range that is broadly consistent with the FOMC’s longer-run inflation objective.
Fed is referring to cap#2 of exploding container rates, which today just hit a new record high.... but what the Fed is really saying with "More lasting but likely still temporary" is the effective equivalent of "permanent but still transitory", because for most people, more lasting - which means years - is a period of time when all their excess disposable income, if any, will go to covering the not so temporary higher prices.
Translated, the morons in the Fed have finally read Milton Friedman whose legendary line:
“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.”
.. always proves correct.
https://www.zerohedge.com/markets/fed-finds-inflation-more-lasting-likely-still-temporary
>>70699
yep..nasty humidity
already did doggo
can handle heat but when we all sticky like youz no likey
SAM808 USAF G5 on ground at Peterson AFB from Fort Knox, KY depart
>>70709
the earlier the better.
he already wanting to know wut is next.
Never enuf...ever.
Find $75 billion to head off next pandemic, top panel tells G20
In a report to the G20 meeting in Venice the panel said the $15 bln per year of investments it recommended doubled current spending levels but was “negligible” compared with the costs of another major outbreak of a new contagious illness.
“The economic case for these additional investments is overwhelming,” said former U.S. Treasury Secretary Lawrence Summers, who co-chaired the 23-member panel along with World Trade Organization Chief Ngozi Okonjo-Iweala and Singapore’s former finance minister, Tharman Shanmugaratnam. Summers told Reuters in an interview he was “guardedly optimistic” its recommendations would be implemented and said “we won’t be reluctant to speak out” if they are not. “Spending tens of billions of dollars could save tens of trillions,” he said.
To plug “major gaps” in pandemic preparedness, the panel identified four main areas for action: infectious disease surveillance, resilience of national health systems, supply and delivery of vaccines and other medicines, and global governance. The report, titled “Global deal for a pandemic age”, called for the creation of a $10 bln annual Global Health Threats Fund, plus $5 bln to strengthen the World Health Organization and create dedicated pandemic facilities at the World Bank and multilateral development banks. In addition, low and middle-income income countries would need to add about 1% of gross domestic product to public spending on health over the next five years, it said. “Achieving safety from pandemics will require a basic shift in thinking about international cooperation,” said Shanmugaratnam. “It is the ultimate case for both national self-interest and international solidarity at the same time.” The panel was set up in January and includes prominent names such as former European Central Bank chief Jean-Claude Trichet, Ana Botin, executive chairman of the Santander group, and Guntram Wolff, head of the Bruegel think-tank. The G20, chaired this year by Italy, will consider its recommendations in the lead up to a joint finance and health ministers’ meeting in October.
Okonjo-Iweala told Reuters the finance ministers had been “generally very positive” about the report and she was confident it would be taken forward.
https://www.reuters.com/article/g20-economy-pandemic-investment/find-75-bln-to-head-off-next-pandemic-top-panel-tells-g20-idUSL2N2OL1GY
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SAM702 USAF G5 on final approach at San Francisco Int'l from JBA depart earlier