In the latest warning from the White House that it is set to unleash trade policy that will be in sharp conflict with generally accepted trade norms, most likely a reference to some form of Border Adjustment Tax, the Trump administration has warned that the U.S. isn’t and won’t bound by decisions made at the World Trade Organization, in outlining a new trade agenda that “promises to root out unfair practices by foreign countries” and to escalate what are already simmering trade conflicts. Continue reading
Secretary of Defense James Mattis has warned North Korea of an overwhelming response if it chooses to use nuclear weapons.
(SEOUL, SOUTH KOREA) U.S. President Donald Trump’s defense secretary warned North Korea on Friday of an “effective and overwhelming” response if it chose to use nuclear weapons, as he reassured South Korea of steadfast U.S. support.
“Any attack on the United States, or our allies, will be defeated, and any use of nuclear weapons would be met with a response that would be effective and overwhelming,” Defense Secretary James Mattis said at South Korea’s defense ministry, at the end of a two-day visit. Continue reading
Canada’s military services can no longer defend the nation’s borders—much less its citizens. According to the new commander of the Royal Canadian Navy, Vice Adm. Ron Lloyd, Canada’s last destroyer, hmcs Athabaskan, will be retired from service in the spring of 2017, leaving the nation to rely on its allies for defense for at least the next seven years. Over the previous decades, Athabaskan and other similar vessels provided the capabilities of command and control for both the Royal Canadian Navy and the area air defense. By next spring, the Navy will be left with only 12 frigates, 12 coast defense vessels and 4 submarines. Canada will need to rely on the United States for its area air defense.
Protests against new oil and gas pipeline construction are becoming more or less part of everyday life in the U.S. and Canada. Keystone XL, Dakota Access, Enbridge’s Line 5, Energy East, you name it. There seem to be dozens of new pipelines in the works, and almost all are the target of protests by environmentalists, Native American tribes and First Nations.
After the demise of the Keystone XL project, the Dakota Access pipeline seems to have garnered the most attention, with mass protests from Native American tribes and their supporters earlier this month succeeding in getting the project shelved – a move by the White House that energy industry insiders warned could set a dangerous precedent for other infrastructure projects, affecting the economic development of the country. Continue reading
Instead of continuing to wage an all-out war on the American shale oil industry, which revealed it would bring about its own demise, and therefore the suicide of its ruling class, Saudi Arabia has shifted gears from fighting to pacification.
OPEC says a price near $60 will avoid added shale production
Recently renewed talks of a production freeze among OPEC and some non-OPEC producers including Russia have helped to bolster the price of oil in recent weeks, but the organization may not try to raise oil prices beyond $60 per barrel for fear of a renewed glut. Continue reading
The International Monetary Fund (IMF) has warned at the G20 summit in Hangzhou, China, that in the face of crises, the refusal to reform how things are functioning will lead to economic weakness in the global economy. “The latest data show subdued activity, less growth in trade and a very low inflation, suggesting an even weaker global economic growth this year,” the IMF told G20 leaders.
Indeed, we are looking at 2016 coming in as the fifth consecutive year in which global growth will be below the average of 3.7% which prevailed between 1990 and 2007. The IMF said: “Without strong political countermeasures the world could suffer a disappointing growth” for several years to come. Christine Lagarde told world leaders: “Even in the longer term the outlook remains disappointing.” Continue reading
A smuggling network has managed to sneak illegal immigrants from Middle Eastern terrorism hotbeds straight to the doorstep of the U.S., including helping one Afghan who authorities say was part of an attack plot in North America.
Immigration officials have identified at least a dozen Middle Eastern men smuggled into the Western Hemisphere by a Brazilian-based network that connected them with Mexicans who guided them to the U.S. border, according to internal government documents reviewed by The Washington Times.
Those smuggled included Palestinians, Pakistanis and the Afghan man who Homeland Security officials said had family ties to the Taliban and was “involved in a plot to conduct an attack in the U.S. and/or Canada.” He is in custody, but The Times is withholding his name at the request of law enforcement to protect investigations.
Some of the men handled by the smuggling network were nabbed before they reached the U.S., but others made it into the country. The Afghan man was part of a group of six from “special-interest countries.” Continue reading
The OPEC meeting is only a week away, but the chances of a positive result are as remote as ever. Rising oil prices, the heightened rivalry between Saudi Arabia and Iran, and Saudi Arabia’s willingness to go it alone will make a deal all but impossible.
First of all, Iran is not in a cooperative mood. According to the IEA, Iran has managed to boost oil production to 3.56 million barrels per day in April, its highest level since November 2011. Oil exports also jumped 600,000 barrels per day to 2 million barrels per day. Importantly, Iran’s output now stands at pre-sanctions levels, a key threshold that the Iranian government says it needs to reach before it would consider any cooperation on production limits with OPEC. However, Iran thus far does not see it that way, insisting that it still has more ground to make up. Continue reading
(TRUNEWS) On February 4, the Trans-Pacific Partnership (TPP) is set for formal signature in New Zealand.
The TPP is a global version of the North American Free Trade Agreement (NAFTA) and the General Agreement on Tariffs and Trade (GATT), which has been negotiated in secret for the last seven years and would place centralized regulation on 40 percent of the world’s economy.
NAFTA and GATT had a catastrophic effect on U.S. business competitiveness, and domestic export values, upon implementation in the 90’s, a trend the TPP is likely to follow. Continue reading
Our placid neighbor has a large and growing problem with radical Islam
This week an article in The Daily Beast ruffled feathers by noting that Canada, our placid neighbor to the north, has a large and growing problem with radical Islam. It went so far as to suggest that, despite much Trumpian commotion about a wall facing south, it’s not just the Mexican border that needs watching by American security agencies: the threat from the Great White North may be just as serious.
This claim was met with some skepticism and even derision. Canada? That’s a very nice country that most Americans think kindly of but little about. The notion that Canada—which, frankly, is a tad boring—is the source of any sort of threat to the United States sounds a bit, well, out there to most people. Continue reading
The China Investment Corp (CIC), the government’s $747 billion sovereign wealth fund, is shifting its focus to U.S. investments and broader global ambitions as it prepares to move its North American headquarters to New York from Toronto early next year, according to people familiar with the matter.
With its major Canadian investments in the red as energy and mining companies reel from tumbling oil and metal prices, CIC is looking to cut its exposure, and could move to New York as early as March 1, one source said. Continue reading
Part 3: The Chinese government controls much of the content broadcast on a station that is blanketing the U.S. capital with pro-Beijing programming. WCRW is part of an expanding global web of 33 stations in which China’s involvement is obscured.
BEIJING/WASHINGTON – In August, foreign ministers from 10 nations blasted China for building artificial islands in the disputed South China Sea. As media around the world covered the diplomatic clash, a radio station that serves the most powerful city in America had a distinctive take on the news.
Located outside Washington, D.C., WCRW radio made no mention of China’s provocative island project. Instead, an analyst explained that tensions in the region were due to unnamed “external forces” trying “to insert themselves into this part of the world using false claims.”
Behind WCRW’s coverage is a fact that’s never broadcast: The Chinese government controls much of what airs on the station, which can be heard on Capitol Hill and at the White House. Continue reading
Canada may have just elected its most dangerous prime minister.
New PM Justin Trudeau tells Barack Obama his nation will no longer provide jets for the fight against Islamic State
Canada’s prime minister-elect Justin Trudeau said Tuesday he told US President Barack Obama that Canadian fighter jets would withdraw from fighting the Islamic State group in Iraq and Syria.
But he gave no timeline.
And thanks to the chaos in Syria, Russia and a host of other nations such as China and Iran are able to test out their new toys. This is why Chechnya has never seen a full-scale Russian invasion although most of their Chechen rebel and islamic terror problems in the past have come from it. Although it’s been quiet lately, it serves as a playground for continuous testing.
Russian long-range aviation and highly accurate long-range cruise missiles present a new challenge for US strategic homeland defense, US Commander of North American Aerospace Defense Command (NORAD) Adm. William Gortney said.
“The challenge that is confronting us…is the Russian long-range aviation and the Russian cruise missile threat from submarine, subsurface platforms and surface platforms,” Gortney said in a Wednesday speech at the Atlantic Council. Continue reading