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One map shows why Trump’s trade war with China could be a disaster for average Americans

“There’s no clear resolution on the horizon for President Donald Trump’s trade war with China, and many states in the US could soon start feeling the pain” writes Finanzen Net Gmbh for businessinsider.com. Given that China represented just over 21% of all imports coming into the US in 2017, an escalation of the trade war could push up prices for many goods.According to data from the Census Bureau, China is a key source of imports for many states: So far, supporters have stood beside Trump amid the trade disputes. Source: businessinsider.com…

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Britain’s foreign aid budget will be used to help hurricane hit overseas territories, Penny Mordaunt says

“Britain’s foreign aid budget will be used to fund disaster relief for people devastated by hurricanes in the UK’s overseas territories, the International Development Secretary has announced” writes Tim Stanley for telegraph.co.uk. Last year the Government was forced to find £57million in additional funding to help overseas territories including Anguilla and the British Virgin Islands after they were devastated by Hurricane Irma.International aid rules meant that the overseas territories were considered too wealthy to receive emergency foreign aid, leaving the Treasury to find additional funding. Penny Mordaunt, the International Development Secretary,…

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Mount Fuji eruption fears prompt Japan to draw up disaster plans

“The Japanese government is to set up a disaster management task force after a new report warned that an eruption of Mount Fuji could blanket Tokyo with more than 3 feet of volcanic ash, bringing the city to a standstill” writes Tim Stanley for telegraph.co.uk. Japan has suffered a number of major natural disasters already this year, with more than 100 people killed or missing after a series of typhoons caused extensive flooding and landslides in central parts of the country.The government has been criticised for failing to have disaster…

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Opinion: Replacing farm trade with farm aid will be an expensive recipe for disaster

“Left out of their cries was the fact that drops in income were from a record-high net farm income in 2013” writes Joshua Sewell for marketwatch.com. Every year since 1959 the U.S. has had a surplus in agricultural trade.Exports account for 20% of agricultural income with particular crop growers even more dependent.It’s a recipe for disaster that would undo decades of progress toward weaning agriculture from financial dependence on federal subsidies. Source: marketwatch.com Share This:

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An ugly economic lesson from the Nixon era proves why Trump’s criticisms of the Fed are so worrying

“The released Nixon tapes revealed numerous conversations between the president and Burns in which Nixon pressures the Fed chair to keep rates low” writes Bob Bryan for businessinsider.com. Nixon pressured the new Fed chairman to keep interest rates low to help maintain lower unemployment. “While inflation expectations are currently well anchored, history shows us that a pervasive lack of central bank independence can rapidly, and without warning, lead to rising inflation and economic instability.”.  Source: businessinsider.com Share This:

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Trump’s FEMA wants the public to know that it’s not ready for another major hurricane season.

“The Federal Emergency Management Agency was already supporting 692 federally declared disasters when hurricane season started last year” writes Emily Atkin for huffingtonpost.com. Then came the most destructive disaster season in U.S. history, causing $265 billion in damage and forcing more than a million Americans from their homes. Source: huffingtonpost.com Share This:

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It’s an environmental disaster – are vegan dogs the answer?

“Her company, Animal Biome, based in Oakland, California, has big-name pet food manufacturers, such as Nestle Purina PetCare, and individual clients on its books” writes Amy Fleming for theguardian.com. Again, a cat food will follow because, says Russell, “cats can be a little bit more finicky”.Animal microbiologist Holly Ganz cannot talk about the pet feeding regime known as biologically appropriate raw food without laughing.And while pet food is usually tested by animals in labs, Wild Earth employs a humane process where the dogs used live at home and are volunteered…

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Volcano-stricken Hawaiians could get up to $34,000 each in disaster aid approved by Trump

“In addition to housing assistance, Trump approved relief from several other FEMA programs, including crisis counseling, unemployment benefits and legal aid” writes Jolyn Rosa for businessinsider.com. REUTERS/Terray Sylvester HONOLULU (Reuters) – U.S. President Donald Trump on Thursday approved federal emergency housing aid and other relief for victims of the six-week-old Kilauea Volcano eruption on Hawaii’s Big Island, where hundreds of homes have been destroyed, state officials said.Trump previously issued a major disaster declaration weeks ago authorizing money from FEMA public assistance grants for the county of Hawaii, the island’s local…

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