To Counter China, India Pushes East

Re-Blogged From Stratfor

Highlights

  • China’s regional expansion in the Asia-Pacific will continue driving India into a security partnership with the United States and Japan as part of its Act East policy.
  • Barriers to market access will continue limiting the expansion of Indian trade with the Association of Southeast Asian Nations (ASEAN).
  • Fiscal and project management impediments will limit progress on India’s two key infrastructure projects in the northeast, thereby limiting its land-based ASEAN trade.

With its Act East policy, India is focused on strengthening its trade and infrastructural ties with Southeast Asia.

(BEYHANYAZAR/iStock)

Continue reading

Advertisements

House Passes Sweeping Tax Reform Bill

Daily Caller News Foundation – Re-Blogged From Liberty Headlines

The House passed a comprehensive tax reform bill Thursday in a significant step toward fulfilling the GOP leadership’s goal of placing a bill on President Donald Trump’s desk by the end of the year.

The bill passed 227 to 205, with 13 Republican defectors and no supporting votes from Democrats.

The House version slashes the corporate rate from 35 to 20 percent, collapses the existing seven income brackets down to four and eliminates a plethora of popular deductions, resulting in a total of $1.4 trillion in individual and business tax cuts over the next decade.

“For the first time in 31 years we are wiping the tax code clean and replacing it with one that is fairer and simpler for everyone,” GOP Rep. Devin Nunes of California, a member of the Ways and Means Committee, told the New York Times.

Continue reading

In Defense of the Electric Car – Part 1

[Full disclosure: I own an electric car, and I think they are useful for city transportation. However, having owned one for a decade, I can say that it hasn’t been practical or cost-effective. John Hardy believes they are the future, I’ll let you, the reader, decide. – Anthony Watts]

By John Hardy – Re-Blogged From http://www.WattsUpWithThat.com

Preamble

In the West, almost all climate change activists consider Electric Vehicles (EVs) important because they are believed to emit less CO2 per mile. In contrast, many (but not all) climate sceptics consider them a waste of space because they regard them as a solution to a non-problem: they believe that all that EVs are good for is virtue signalling.

Continue reading

Weekly Climate and Energy News Roundup #290

By Ken Haapala, President, The Science and Environmental Policy Project

Brought to You by www.SEPP.org

Academic Threats? On November 3, the US Global Change Research Program (USGCRP) released what may be the final climate report of the Obama Administration. The USGCRP was established 1989 by an executive order by President George H.W. Bush and was “mandated by Congress in the Global Change Research Act (GCRA) of 1990 to assist the Nation and the world to understand, assess, predict, and respond to human-induced and natural processes of global change.” It comprises 13 Federal agencies and had a 2016 enacted budget of $2.6 billion and a 2017 requested budget of $2.8 billon. [These numbers are out of date, but more recent data was not found in a search of its web site.] The current executive director is Michael Kuperberg, who was appointed by President Obama in July 2015.

Continue reading

South China Sea Feud

Re-Blogged From Newsmax

President Donald Trump on Sunday offered to mediate in the South China Sea disputes, while his Chinese counterpart played down concerns over Beijing’s military buildup and the prospects of war in the contested waters.

Trump and Chinese President Xi Jinping spoke separately about the territorial rifts ahead of an annual summit of Southeast Asian nations that also includes the U.S., China and other global players. The disputes are expected to get the spotlight at the summit, along with the North Korean nuclear threat and terrorism.

The long-simmering disputes are one issue where the two major powers’ influence, focus and military might have been gauged, with the U.S. and China both calling for a peaceful resolution but taking contrasting positions in most other aspects of the conflict.

Continue reading

Inflation Poised to Roar as Producer Prices Rise More Than Expected

By Thomson Reuters – Re-Blogged From Newsmax

U.S. producer prices rose more than expected in October, driven by a surge in the cost of services, and there were also signs of steady increases in underlying wholesale inflation.

The Labor Department on Tuesday said its producer price index for final demand increased 0.4 percent last month after a similar gain in September. In the 12 months through October, the PPI jumped 2.8 percent, which was the largest increase since February 2012. The PPI rose 2.6 percent year-on-year in September.

Image: Inflation Poised to Roar as Producer Prices Rise More Than Expected
(DreamsTime)

Chicago Pawns A Crown Jewel

By John Rubino – Re-Blogged From Dollar Collapse

A new bond issue from Chicago is rated AAA. That’s great because it means the city’s finances are on the mend, right?

Nope, just the opposite. Here’s the story:

Bondholders fret as alchemy turns Chicago’s junk to gold

(Bloomberg) — Chicago’s public pension debt is $36 billion and growing, it’s facing $550 million in budget deficits over the next three years and this summer the state had to bail out a school system that was flirting with insolvency.

Continue reading