Anonymous ID: d18951 Nov. 22, 2024, 3:37 a.m. No.22036813   🗄️.is 🔗kun   >>7176 >>7232 >>7305 >>7380

Texas Gov. Abbott Orders State Agencies to Sell China Assets

https://www.newsmax.com/us/abbott-texas-order/2024/11/22/id/1189052/

 

 

The governor of Texas ordered state agencies to stop investing in China and sell assets there as soon as possible, citing financial and security risks, a sign of rising U.S.-China tensions starting to impact global capital flows.

 

In a letter to state agencies dated Nov. 21 and posted to his website, Gov. Greg Abbott, a Republican, said "belligerent actions" of China's ruling Communist Party had increased risks to Texas' investments in China, and told investors to get out.

 

"I direct Texas investing entities that you are prohibited from making any new investments of state funds in China. To the extent you have any current investments in China, you are required to divest at the first available opportunity," he said.

 

Texas has been taking an increasingly activist stance in its agencies' investments, having previously restricted public pension funds from doing business with Wall Street firms that have embraced environmental, social and governance principles.

 

Its state agencies include the Teacher Retirement System of Texas, which had $210.5 billion under management at the end of August, according to its annual report.

 

The TRS has roughly $1.4 billion exposure to Chinese yuan and Hong Kong dollar assets, and listed Tencent Holdings as its 10th largest position, worth about $385 million at current prices.

 

Abbott's letter said he had told the University of Texas/Texas A&M Investment Management Company (UTIMCO), which manages nearly $80 billion, to divest from China earlier this year.

 

Neither Texas Teachers nor UTIMCO responded immediately to a request for comment outside business hours.

 

Markets in China fell sharply on Friday, with the Shanghai Composite down 3%. Tencent shares were about 2% lower in afternoon trade in Hong Kong, in line with the broader market.

 

Dealers said trade had been light in Hong Kong and sentiment already weak as Chinese authorities have disappointed expectations for economic stimulus, but that the news had added to the downbeat mood.

 

"Even though we all know that there will be more and more policies against China from the U.S…. whenever there's any news like this, it will hit the sentiment here," said Steven Leung, executive director at brokerage UOB Kay Hian in Hong Kong.

Anonymous ID: d18951 Nov. 22, 2024, 3:45 a.m. No.22036822   🗄️.is 🔗kun   >>7176 >>7232 >>7305 >>7380

OMG! KEK!IFNecessary?

 

Mexico Ready to Receive Deported Mexicans from US If Necessary

https://www.newsmax.com/newsfront/mexico-trump-immigration/2024/11/21/id/1189034/

 

 

Mexico has a plan to receive deported Mexicans from the U.S. if President-elect Donald Trump launches mass deportations of immigrants living in the U.S. illegally, Mexican President Claudia Sheinbaum said on Thursday.

 

Sheinbaum added Mexico was also preparing to show the Trump administration that mass deportations were unnecessary, emphasizing the importance of Mexicans in the U.S., including the value of taxes they pay.

 

"We will receive Mexicans and we have a plan for it, but before that, we will work to demonstrate that they do not have to deport our compatriots who are on the other side of the border," Sheinbaum said. "On the contrary, they even benefit the economy of the United States."

 

Trump has vowed mass deportations and a vast immigration crackdown as soon as he takes office on Jan. 20. He could call on everyone from the U.S. military to diplomats overseas to turn the pledge into a reality. His running mate, JD Vance, estimated deportations could remove one million people per year.

 

Sheinbaum, who took office in October, said on Thursday that migrants should not be treated "as criminals" and has stressed the importance of humanitarian rights when dealing with migration, outlining a delicate balancing act with her future U.S. counterpart.

 

Sheinbaum said this week she will present Trump with a "humanistic approach" to controlling migration that addresses the root causes.

 

Her cabinet would be meeting on Thursday to discuss issues facing Mexico under the incoming Trump administration, including migration, trade and security.

 

Meanwhile, two caravans of migrants making their way towards the U.S. border are advancing from southern Mexico, including one which set out on Wednesday.

 

The other caravan started from the southern city of Tapachula two weeks ago and continues pressing onwards towards the border, though migration officials have said its size has reduced dramatically from the initial 3,000 participants.

 

Photos circulating on social media have shown Mexico's National Guard confronting the migrants and trying to block the caravans from moving north.

Anonymous ID: d18951 Nov. 22, 2024, 4:27 a.m. No.22036925   🗄️.is 🔗kun

Gatwick Airport evacuates 'large part' of South Terminal due to 'security incident'

https://news.sky.com/story/gatwick-airport-evacuates-large-part-of-south-terminal-due-to-security-incident-13258247

Anonymous ID: d18951 Nov. 22, 2024, 4:42 a.m. No.22036960   🗄️.is 🔗kun   >>7034

https://truthsocial.com/@RepMTG/posts/113522837643654902

 

MTG:

I'm thrilled to announce I'll be chairing a brand new subcommittee to work hand-in-hand with Elon Musk and Vivek Ramaswamy’s Department of Government Efficiency.

 

I won't rest until we've rooted out every penny of waste and abuse.

 

The American people deserve a government that works for them, not against them!