Is Kim Jong Un Making a Visit to China?

Re-Blogged From Stratfor

Highlights

  • Amid a diplomatic outreach between North Korea and other regional powers, the arrival of a North Korean train in the Chinese capital signals that Beijing is probably preparing to reach out to Pyongyang itself — perhaps through a meeting with Kim Jong Un.
  • Ahead of its likely summits with the United States and South Korea, North Korea may try to use its position of strength to gain more equal footing with China in their relationship.
  • Because any lasting diplomatic solution to the North Korean crisis will have to include China, Pyongyang will not be able to sideline Beijing entirely in its negotiations.

(NICOLAS ASFOURI/AFP/Getty Images) Continue reading

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Uncle Sam Issuing $300 Billion In New Debt This Week

By Mark O’Byrne – Re-Blogged From http://www.Gold-Eagle.com

US needs to borrow almost $300 billion this week alone
– This is the largest debt issuance since 2008 financial crisis
– Trump threatens trade war with its biggest creditor – China
– Bond auctions have seen weak demand due to large supply and trade war concerns
– $20 trillion mark reached in early September 2017; $1 trillion added in just 6 months
– US total national debt level now exceeds $21.05 trillion and is accelerating higher
– U.S. debt and dollar crisis coming which will propel gold higher (see chart)

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Global Trade: Looking at the Big Picture

Mark Fleming-Williams   By Mark Fleming-Williams – Re-Blogged From Stratfor

Highlights

  • Global trade is in flux after the United States has made clear that it is no longer willing to take the lead.
  • While the United States wants to shake up international commerce, China wants to preserve the status quo, and Europe wants to continue on the post-war path.
  • The divergent interests of other countries and blocs, including China, Japan and the European Union, will make substantial alignment without the United States difficult.

(IStock Photos)

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2017 Trade Deficit Worst since 2008

By Wolf Richter – Re-Blogged From Wolf Street

Trade deficit in non-petroleum products hit a record of $734 billion.

2017 was a banner year for the US trade deficit, according to the Commerce Department’s report today. Corporate America’s supply chains weave all over the world in search of lower costs. Other countries have an “industrial policy” designed to produce trade surpluses for them. This combo ballooned the US trade deficit in goods and services to $566 billion, up by $61 billion, or 12%, from 2016. It was the worst trade deficit since 2008.

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Weekly Climate and Energy News Roundup #301

By Ken Haapala, President, Science and Environmental Policy Project

Brought to You by www.SEPP.org

Skepticism: In an essay titled “Be Skeptical of Those Who Treat Science as an Ideology” appearing in the Wall Street Journal, Dr. Sue Desmond-Hellmann discusses the difference between anti-science and skepticism, and the difference between denialism and skepticism. As an oncologist, faced with treating patients dying with cancer, Dr. Desmond-Hellmann recognized the importance of honesty and integrity in building trust with her patients. She writes: [Boldface added.]

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Luxembourg, Japan Team up to Explore and Mine Space Resources

By   Re-Blogged From Mining.com

Luxembourg seems to be in a rush to become Europe’s hub for space mining, as it announced Wednesday yet another deal aimed at boosting boost the exploration and the commercial utilization of resources from near earth objects, such as asteroids.

The fresh agreement, this time with Japan, is part of Luxembourg’s SpaceResources.lu initiative launched last year to promote the mining of celestial bodies for minerals.

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