News 

China hides its economic crisis behind a great wall of lies

“The second report indicates that China’s exports are resurging well above economic analysis” reports washingtonexaminer.com. Two CNN reports on Thursday suggest that China has good reason to play hardball with U.S. trade negotiators.Attempting to pressure U.S. companies into asking the White House to cut a China-friendly trade deal, China has been pushing its citizens to buy Huawei over Apple. Source: washingtonexaminer.com

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Immigration groups blame Trump for manufacturing a border ‘crisis’

“The most pressing immigration issue we confront at the border is one that the president himself has manufactured by unlawfully turning away asylum seekers and cruelly separating parents from their children” reports washingtonexaminer.com. Groups opposed to President Trump’s immigration agenda charged Friday that the president is trying to create the illusion of a border crisis to justify emergency spending on a wall between the United States and Mexico. “Today’s national emergency declaration so soon after Congress reached agreement on border security makes clear that the president is trying to create…

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Endless crises in the capitalist system

“TEHRAN – The economic crisis in the United States and the European Union continues fact is that the capitalist system is unable to solve the economic crisis” reports tehrantimes.com. In these meetings, a solution to the economic crisis in the international system has not been presented.In the meantime, there is essentially no opportunity for convergence among G20 members to face the current economic crisis in the international system. Source: tehrantimes.com

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Climate and economic risks ‘threaten 2008-style systemic collapse’

“These processes amplify and interact with existing social and economic problems, potentially threatening systemic collapse similar to the 2008-9 financial crisis” writes Jonathan Watts for theguardian.com. Last month, the top three global risks identified by the World Economic Forum were extreme weather, climate policy failure and natural disasters.The lack of diversity weakens resilience to the growing risks of climate disruption, soil deterioration, pollution and pollinator loss.The gathering storm of human-caused threats to climate, nature and economy pose a danger of systemic collapse comparable to the 2008 financial crisis, according to…

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Revealed: The Mental Health Crisis Is So Deep That Police Are Driving People To Hospital

“Overall, police transported mental health patients to medics in 52% of incidents where an emergency Section 136 order, of the Mental Health Act, was made” writes Rachel Wearmouth for huffingtonpost.com. A shortage of ambulances means cash-strapped police forces had to take mental health patients to hospital in almost half of all crisis cases.The Mental Health Code of Practice says a patient in crisis should only ever be transferred to hospital by an NHS vehicle.Ministers also admitted that, despite police transporting 9,712 people in crisis, no assessment of how mental health…

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Arizona officials want to pass a symbolic measure that would declare porn a public health crisis

“State Lawmakers in Arizona are weighing a measure to declare pornography a public health crisis” writes Ellen Cranley for businessinsider.com. Read more:The most ridiculous law in every state If passed into law, the measure would make Arizona the 12th state to pass a resolution on pornography as a public health crisis.Michelle Udall, the symbolic measure says pornography “perpetuates a sexually toxic environment that damages all areas of our society,” AZ Central reported.”Like the tobacco industry, the pornography industry has created a public health crisis,” Udall reportedly told lawmakers.Michelle Udall, the…

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News Regulators 

2 notorious recession signals are descending into the danger zone, and they have some Wall Street strategists convinced that a meltdown is fast approaching

“The first widely-used recession indicator that SocGen is watching is the yield curve, or the difference between interest rates on the 2- and 10-year notes” writes Akin Oyedele for businessinsider.com. “History shows that, on average since 1960, after an inversion of the 2y/10y yield curve the S&P 500 returns 29% before it peaks.”. Yet, the firm contended that the yield curve may not be a reliable precursor of recession this time around. Source: businessinsider.com

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Almost half of Americans haven’t put a dime toward retirement. BlackRock’s president breaks down how technology can help.

“Kapito told Business Insider that technology could help address the lack of saving” writes Meghan Morris for businessinsider.com. For Americans surveyed by BlackRock who had started investing, 70% said new technology would help them be more involved in their investments.Americans aren’t saving enough for retirement — a problem underscored by a new BlackRock survey.But investors said new technology could help them be more involved in saving. Source: businessinsider.com

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China has actually been closing for business for the last decade

“China has actually been closing its economy for that last 10 years, and now it appears when the country would like to stop, it can’t” writes Linette Lopez for businessinsider.com. The plan looks something like this (from Societe Generale): Now you’ll note that so far attempts to transmit cash to the private sector have largely failed.Part of that opening involved creating space for a private sector and diminishing the stranglehold state-owned enterprises (SOEs) had on the economy.As the Societe Generale analysts said in their note, the financial system has a…

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