Sudden Default By AAA-Rated Chinese State-Owned Coal Miner Sends Shockwaves Across Markets

Something unexpected happened in China last week and it triggered a shockwave across Chinese bond markets.

The abrupt 1 billion yuan ($151 million) bond default on Friday of a state-owned coal mining company in Central China’s Henan province, one of China’s most populous provinces with more than 95 million people, set off reverberations across China affecting its parent company, industry peers and other state-owned bond issuers and triggered an investigation by the interbank bond market regulator. The default came just weeks after Brilliance Auto, a carmaker owned by the Liaoning provincial government which owns 25% of a venture with BMW, announced it would default on a 1 billion yuan bond which matured in late October.

As Caixin reports, Yongcheng Coal and Electricity Holding Group, which just last month got the highest possible, AAA rating from a domestic credit rating company, failed to repay an ultra-short-term bond that matured Tuesday, according to a statement posted by the Shanghai Clearing House.

https://www.zerohedge.com/markets/sudden-default-top-rated-state-owned-coal-miner-sends-shockwaves-across-china

LOCKDOWN: Michigan Gov. Issues 3-Week “Epidemic Order”

LANSING, MICH. – (PRESS RELEASE) — The Michigan Department of Health and Human Services (MDHHS) issued a new emergency order today that enacts a three-week pause targeting indoor social gatherings and other group activities in an effort to curb rapidly rising COVID-19 infection rates.

Under this order, indoor residential gatherings are limited to two households at any one time. However, MDHHS strongly urges families to pick a single other household to interact with over the next three weeks, consistent with new guidance released by the department. The order is aimed at limiting residential and non-residential gatherings where COVID-19 spreads rapidly. Bars and restaurants will be open for outdoor dining, carry-out and delivery only. Gyms will remain open for individual exercise with strict safety measures in place. Casinos, movie theaters and group exercise classes will be closed. Professional and college sports meeting extraordinary standards for risk mitigation may continue without spectators, however all other organized sports must stop. Colleges and high schools may proceed with remote learning, but must end in-person classes.

“In the spring, we listened to public health experts, stomped the curve, and saved thousands of lives together. Now, we must channel that same energy and join forces again to protect our families, frontline workers and small businesses,” said Gov. Gretchen Whitmer. “Right now, there are thousands of cases a day and hundreds of deaths a week in Michigan, and the number is growing. If we don’t act now, thousands more will die, and our hospitals will continue to be overwhelmed. We can get through this together by listening to health experts once again and taking action right now to slow the spread of this deadly virus.”

https://breaking911.com/breaking-michigan-issues-3-week-epidemic-order/

Federal Reserve Chair Jerome Powell Admits The Truth: “We’re Not Going Back To The Same Economy”

Even Jerome Powell is admitting that the boom years are over. For months, I have been trying to explain to my readers that the debt-fueled “prosperity” that we were enjoying prior to the COVID pandemic won’t be coming back, and initially I received quite a bit of criticism for saying that. But that criticism has subsided, because at this point pretty much everyone can see the truth.

Despite stimulus package after stimulus package, and despite unprecedented intervention by the Federal Reserve, we continue to be mired in the worst economic downturn since the Great Depression of the 1930s. Fear of the virus continues to drag down the overall level of economic activity, more businesses are going under with each passing day, and the layoff announcements never seem to end.

Normally, Federal Reserve officials try very hard to be relentlessly optimistic. But during a European Central Bank panel discussion on Thursday, Federal Reserve Chair Jerome Powell openly admitted that “we’re not going back to the same economy”…

“We’re not going back to the same economy,” Powell said. “We’re recovering, but to a different economy and it will be one that is more leveraged to technology, and I worry that it’s going to make it even more difficult than it was for many workers.”

The central bank leader said he was referring specifically to “relatively low-paid public-facing workers who are bearing this brunt,” many of whom are women and minorities.

His use of the phrase “a different economy” really got my attention.

When I am trying to break some really bad news to someone in a gentle way, I will often use the word “different” to describe what things will be like moving forward, and I think that Powell is doing the same thing here. He knows that there is no way that things will “return to normal” any time soon, and he is quite correct to be particularly concerned about how this will affect low paid workers.

Low-paid workers have been losing their jobs at a much higher rate than anyone else, and the job losses just keep rolling in.

On Thursday, we learned that another 709,000 Americans filed new claims for unemployment benefits last week, and that number is more than three times higher than what we witnessed during a typical week in 2019…

The Labor Department report showed an eleventh straight week that new jobless claims totaled below 1 million. But new claims have not yet broken back below 700,000 since the start of the pandemic and have held sharply above levels from before the outbreak. Throughout 2019, new initial unemployment claims were coming in at an average of just over 200,000 per week.

As of October 24th, a total of 21.16 million Americans were bringing home some type of unemployment assistance.

One year ago, that number was just 1.45 million.

In other words, we are in the midst of a national unemployment nightmare.

And many analysts are deeply concerned that the new wave of lockdowns that is now starting to happen around the nation will cause a renewed surge in layoffs…

As colder weather sets in and fear of the virus escalates, consumers may turn more cautious about traveling, shopping, dining out and visiting gyms, barber shops and retailers. Companies in many sectors could cut jobs or workers’ hours. In recent days, the virus’ resurgence has triggered tighter restrictions on businesses, mostly restaurants and bars, in a range of states, including Texas, New York, Maryland, and Oregon.

“The risk may be for more layoffs as coronavirus cases surge and some states impose restrictions on activity,” said Nancy Vanden Houten, an economist at the forecasting firm Oxford Economics. Yesterday, I discussed the fact that one of the experts on Joe Biden’s new COVID-19 advisory board wants a full national lockdown for at least a month once Biden is in the White House.

Needless to say, that would make the economic depression that we are currently suffering through a whole lot worse.

https://www.activistpost.com/2020/11/federal-reserve-chair-jerome-powell-admits-the-truth-were-not-going-back-to-the-same-economy.html

>>11661695

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Stacey Abrams: ‘More Than 600,000’ Georgians Already Requested Mail Ballots for Runoff Election

Failed Georgia gubernatorial candidate Stacey Abrams announced Sunday that “more than 600,000 Georgians have requested their mail ballots” for the Senate runoff elections on January 5, urging her followers to support the Democrat candidates.

“More than 600,000 Georgians have requested their mail ballots for the January 5 runoff elections,” Abrams wrote in a tweet Sunday morning. “Help elect @ReverendWarnock and @ossoff to the U.S. Senate by requesting your ballot today.”

“Happy voting and let’s get it done… again,” Abrams added.

Included in Abrams’s tweet was a link at which Georgia residents can request a mail-in ballot for the runoff elections between Sen. Kelly Loeffler (R-GA) and her Democrat challenger Raphael Warnock, and another between Sen. David Perdue (R-GA) and his Democrat opponent Jon Ossoff.

Earlier this month, it was reported that those two Senate races in the Peach State could be some of the most expensive in history. One estimate said the spending could go beyond $200 million.

Last week, Abrams reached out to “Georgia students” who were registered in an attempt to have them request their mail ballot before the runoff election.

As Abrams is rallying Democrats ahead of the runoff elections, both Perdue and Loeffler continue to raise substantial amounts of money for their campaigns.

A November 12 report from the Wall Street Journal found that the two Republican candidates in Georgia had raised more than $32 million in a matter of six days after the National Republican Senatorial Committee combined with their campaigns.

With questions surrounding the integrity of this year’s presidential election in Georgia, both Loeffler and Perdue have called on Georgia Secretary of State Brad Raffensperger to resign over his handling of voting measures.

“The management of Georgia elections has become an embarrassment for our state. Georgians are outraged, and rightly so,” a statement via Perdue and Loeffler read. “We have been clear from the beginning: every legal vote cast should be counted. Any illegal vote must not. And there must be transparency and uniformity in the counting process. This isn’t hard. This isn’t partisan. This is American.”

Republican Sen. Lindsey Graham of South Carolina has also vowed to give $1 million to Loeffler and Perdue’s reelection bids.

https://www.breitbart.com/politics/2020/11/15/stacey-abrams-more-than-600000-georgians-already-requested-mail-ballots-for-runoff-election/

Silencing discussion? UK Labour Party demands online crackdown on ‘anti-vax disinformation’ ahead of Covid-19 vaccine rollout

With the UK preparing for a Covid-19 vaccine rollout, the Labour Party is calling for emergency censorship legislation to punish social-media companies if they allow posting of what it considers to be “anti-vax disinformation.”

“Social-media companies have a pitiful record of tackling disinformation,” shadow culture secretary Jo Stevens said Sunday on Twitter.

The government needs to stop dragging its heels and force companies to remove this dangerous content ahead of the rollout of the coronavirus vaccine.

Stevens and Labour's shadow health secretary, Jonathan Ashworth, have co-authored a letter demanding that the government impose financial and criminal penalties on social-media platforms that fail to censor anti-vaccine posts.

The government must “deal with some of the dangerous nonsense, nonsensical anti-vax stuff that we've seen spreading on social media, which erodes trust in the vaccine,” Ashworth said. He added that the government will need “strong public-health messaging” to ensure that legitimate questions are answered and fears are allayed.

Facebook, Twitter and Google agreed last week to help the UK's government blunt the spread of vaccine misinformation and disinformation.The companies promised to help spread government-promoted messaging about vaccine safety and to ensure quick response to content that has been flagged by health officials. They also agreed to block people from profiting on anti-vaccine content. But Stevens and Ashworth said that anti-vax groups that were flagged months ago to social-media platforms remain active.

Former Labour MP Ruth Smeeth, who now heads a free-speech group called the Index on Censorship, argued that “rational argument will be lost” if anti-vaccine discussion is pushed underground. “Surely the answer isn't to ban the anti-vaxxers but to explain why they are wrong on every available platform,” she said.

https://www.rt.com/uk/506806-labour-vaccine-disinformation-censorship/

>>11661810

Parler John Matze

MATZE Genealogy

Discussion about the Origin and Meaning of the Jewish Surnames

https://www.hebrewsurnames.com/MATZE

Boris May Scrap Blair’s Supreme Court Following Brexit Controversies

Boris Johnson make seek to essentially scrap the Supreme Court of the United Kingdom created by Tony Blair in the 2000s, following Brexit controversies last year in which it came to be viewed as politicised.

Prior to Blair’s creation of the Supreme Court, the Appellate Committee of The House of Lords had been, in most respects, the highest “court” in the land, evolving over more than half a millennium from the Curia Regis of the sovereign’s royal court.

Blair’s “botched” reforms broke those ancient links, ushering in something more closely resembling the Supreme Court of the United States — but with the key difference that the British judges are largely self-selecting, with no public hearings or vote on their appointment by elected politicians.

It is now being reported that Boris Johnson’s government is seeking to overhaul the court, believed by some to be behaving too much like a U.S. or European-style constitutional court — incompatible with the British doctrine of parliamentary sovereignty — by renaming it and reducing its permanent membership, according to the Telegraph.

Judicial review used to be extremely rare in Britain, but has become increasingly common in recent years, with judges often using European human rights law and domestic statutes helping to implement it to intervene in issues where they would once have had little or no jurisdiction.

The Supreme Court’s most controversial decisions have been Brexit-related, however, with its decision to overturn the Queen’s prorogation — temporary suspension — of Parliament when anti-Brexit MPs were attempting to sabotage the Government’s efforts to deliver an EU exit last year being deemed particularly egregious, given prorogation had been a prerogative power over which the courts had no authority for hundreds of years.

Jacob Rees-Mogg, the Leader of the House of Commons, went so far as to denounce the ruling as a “constitutional coup”, with the justices essentially arrogating new powers to themselves out of thin air in order to meet a political objective.

https://www.breitbart.com/europe/2020/11/15/boris-may-scrap-blairs-supreme-court-following-brexit-controversies/

>>11661919

>>11661872PARLER TRUTH

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>>11661949

>>11661919

PARLER OWNER IS JOHN MATZE

MATZE Genealogy

Discussion about the Origin and Meaning of the Jewish Surnames

https://www.hebrewsurnames.com/MATZE

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