A new era is dawning in Chinese foreign policy as the country’s economic growth enables it to move from past timorousness in declaring itself a global leader and a relative inability to defend its interests, to one in which Beijing can seek adjustments in the security environment it has faced for the last sixty years. In the Chinese-language media, politicians are increasingly talking of China as a great power. Yet Russia’s invasion of Ukraine has put Beijing’s new foreign policy to the test and raised questions about the extent of China’s global role. China is close to meeting all the measures of what defines a global great power: political, economic, and military might with a global reach. But it does not appear to act like a great power in terms of its contribution to international leadership during conflict situations such as in Ukraine. Instead we repeatedly only see Beijing being assertive when it comes to defending its own narrow interests.
Present Obama’s viral interview on Zack Galifianakis “Between Two Ferns” was both funny and informative, thus deserving the buzz it generated. Both the content of the interview, and the fact that the President felt it was needed in the first place, can teach us about the current state of Obamacare and the problems it continues to have. The point here isn’t to nitpick the numbers or get into a semantic argument, but to show one of the key shortcomings of this appearance and the President’s other attempts at getting young people to sign up: if you are promoting something that has shaky credibility, and you use dubious arguments that your target audience will realize might not be true, you end up hurting your cause.
One upon a time everyone got a hearty chuckle when Obama declared, on the very first day of his ascension to the throne, that his administration would be the "most transparent in history." And if they didn't then, they certainly will now following news that it none other than Obama's own administration - made infamous for spying on everyone who uses electronic communication courtesy of one whistleblower - that it has refused a record number of Freedom of Information (don't laugh) requests on the basis of, drumroll, national security. So between the NSA, whose job is to ensure national security, and all those pesky meddlesome investigators, whose only curiosity is to peek behind the secrecy of the Obama administration, there should be precisely zero acts of terrorism on US soil. Like last year's Boston bombing for example. Oh wait...
Despite spending over half-a-billion dollars on increasingly mind-blowing promotions for Obamacare, a new survey released today shows that even the website apparently fixed, over one-third of Americans without insurance say they plan to stay that way, even after being told that the new law requires them to get covered or pay a penalty. As CBS notes, some 46% of those surveyed also were unaware of the March 31 deadline for being insured as it seems "low-income, young families may have been overlooked. They're probably not spending a lot of time watching television, they never read a newspaper and if they listen to radio it's probably music in the car." 41% cited insurance as still too expensive with, oddly, 39% of middle-aged men preferring to stay uninsured.
Tensions around the North-Korea-flagged tanker that "illegally" obtained oil from rebels who hold a Libyan port have been escalating for the last week. However, The BBC reports that overnight US forces, at the request of both the Libyan and Cypriot governments, boarded and took control of the commercial tanker Morning Glory. The raid by Navy Seals took place in international waters south of Cyprus, said spokesman Rear Adm John Kirby. The US Seals operated from the USS Roosevelt, a guided missile destroyer, which "provided helicopter support and served as a command and control and support platform" and are now in "full control" of the vessell carrying 234,000 barrels of illicity-obtained oil. The message is clear - don't mess with the Petrodollar.
As was largely expected, the first retaliation by Obama has arrived, courtesy of a just issued Executive Order by the president, in which he has blocked and frozen "all property and interests in property that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of any United States person" (i.e. assets) of not only the pre-coup Ukraine president Yanukovich and the Crimean leader Aksyonov, including all Russians that operate in the Russian arms industry, but most notably seven Putin aides. Not Putin himself of course - that would be too "escalatory"...
Another day, another drawn out, pointless conversation between Obama and Putin, which will do nothing to prevent the imminent annexation of Crimea, whose people have voted and decided to join Russia.
The whole story about how private equity firms and hedge funds have steamrolled into the residential home market to become this decade’s slumlords is a story we covered long before mainstream media even knew it was happening. We first identified the trend in January of last year in one of my most popular posts of 2013: America Meet Your New Slumlord: Wall Street. Since then, we've done my best to cover the various twists and turns in this fascinating and disturbing saga. With all that in mind, let’s now take a look at the latest article from Bloomberg, which points out that Blackstone’s home purchases have plunged 70% from their peak last year. Perhaps they overestimated the rental cash flow potential of indebted youth living in their parents’ basements?
You can't get blood out of a rock. Traditionally the United States has had a consumer-driven economy, but now years of declining incomes and rising debts are really starting to catch up with us. In order to have an economy that is dependent on consumer spending, you need to have a large middle class. Unfortunately, the U.S. middle class is steadily shrinking, and unless that trend is reversed we are going to see massive economic changes in this country. Incomes are going down, the cost of living is going up, and debts are skyrocketing. The following are 19 signs that the U.S. consumer is tapped out...
Today, as a result of the Ukrainian crisis, U.S.-Russian relations have hit their lowest point since the invasion of Afghanistan in 1979 or of Czechoslovakia in 1969 — or perhaps even since they bottomed out during the Cuban Missile Crisis. The crisis escalated into a conflict between the U.S. and Russia after the West supported a coup, then lied by violating the Feb. 21 agreement when it recognized the formation of a new and illegitimate government of extremists. This conflict has the potential of sparking a new Cold War — something we never thought could happen in modern times since we believed it would have to be rooted in ideological differences. Moscow does not see the revolution in Ukraine as an attempt to create a more democratic or law-based society. Instead, it sees the events in Kiev as an attempt to make Ukraine as anti-Russian as possible.
What You DON'T KNOW About CIA Fight with Congress
Having had his fun with minimum-wages and employment supply-demand-disequilibrium, the President of the United States has decided it's time that overtime was "modernized" to save-or-create a few more jobs... "if you like your over-time, you can keep your over-time"
At the onset of the derivatives collapse in 2007/2008 it would have been easy to assume that most of America was receiving a valuable education in normalcy bias. As much as we are for people waking up to the nature of the crisis, there comes a point when those who are going to figure it out will figure it out, and the rest are essentially hopeless. The cultism surrounding the U.S. economy and the U.S. dollar is truly mind boggling, and by “cultism” we mean a blind faith in the fiat currency mechanism that goes beyond all logic, reason and evidence.
As is widely known, Ukraine's acting post-coup PM Arseniy Yatsenuk is currently in the US and holding heating talks with president Obama on just how to define the "costs" to Russia should Putin conclude his annexation of the Crimea this weekend in a way that the Russian leader will finally pay attention. As was less known, after his meeting, at 8 pm tonight, the PM was supposed to hold a press conference at the National Press Club. As of moments ago, this propaganda meet and greet has been cancelled.
- DUE TO A SCHEDULING CHANGE, THE PRIME MINISTER HAS CANCELED THIS EVENT
Scheduling change? Really? Did Yatsenyuk ask Obama, in passing, to show him where the Ukraine gold, which as we reported a few days ago was rumored to have been airlifted to the NY Fed, which resulted in a less than pleasant response by the US president?
Russian Neighbor Belarus Asks To Host Another 15 Russian Fighter Jets In Response To NATO EscalationSubmitted by Tyler Durden on 03/12/2014 08:58 -0400
With NATO actively building up its airforce support in Poland and the Baltic states in recent days in a flashback to cold war military escalation and deterrence, and even launching AWACS planes over Poland and Romania to monitor the Ukraine crisis and "enhance the alliance's situational awareness," the inevitable has finally happened, and other Russian neighbor states, ones not alligned with the military treaty, have escalated in turn only this time the are showing their allegiance not to the west but to Russia. Moments ago RIA reported that Minsk will "adequately react to the strengthening of NATO forces near the borders of Belarus, and will offer to host up to an additional 15 Russian aircraft, according to the President of Belarus Alexander Lukashenko on Wednesday at a meeting of the Security Council of Belarus.