Sources close to the situation still expect Wanda to close the acquisition sometime in February, and say that the only speed bump has been that some details are still being worked out. With the Chinese New Year holiday beginning on Saturday, work is expected to be halted for at least the next week.
One person said that work on the deal also came to a standstill a few weeks ago, amid concerns that the nationalistic focus of the new Trump administration might mean greater scrutiny to big investments in the U.S. by Wanda, Alibaba and the new breed of Sino mega conglomerates. The Dick Clark Prods. transaction was only the most recent mega-acquisition for Wanda, which also bought Legendary Entertainment for $3.5 billion last year and AMC Theaters for $2.6 billion in 2012. Wanda’s buying spree has caught the attention of members of both parties in Congress, who worry that they could mark a strategic extension of Chinese “soft power.” Continue reading →
It’s true the Cold War never ended. It’s technically the third world war and a new phase of it. It’s also one of the Origins of the Fourth World War. It’s sadly what most Americans don’t know and what most Americans don’t want to hear. Communism did not die simply because a wall was torn down in Berlin, but the visual effect psychologically convinced hundreds of millions.
The author of this article, who’s a bit late in the game, would benefit from decades of JR Nyquist analysis:
A lot of conservatives have expressed shock and disorientation at the revival of enthusiasm for socialism, not to mention the shattering of the consensus for free trade, low taxes, open markets, freedom of expression, and so forth. It is clear—and I wrote a long memo about this at AEI about five years ago that I cannot now find—that we all made a major mistake in the early 1990s when the Cold War ended in thinking that the triumph of free markets and liberal democracy was permanent. (Anyone remember The End of History?)
Russian warplanes are using an Iranian air base to launch attacks on anit-Assad regime rebels in Syria, according to a report.
“The Iranian armed forces appear to be allowing Russian aircraft to use their military airfields in support of combat operations over Syria,” said a report by the American Enterprise Institute (AEI) titled “The Russo-Iranian Military Coalition In Syria May Be Deepening.” Continue reading →
North Korea has claimed its main nuclear complex is fully operational as the country remains prepared to launch a nuclear attack on the US “at any time”.
The country’s state-run news agency carried a statement claiming to be from the director of its Atomic Energy Institute saying the Yongbyon facility, which contains a uranium enrichment plant and nuclear reactor, had been upgraded.
Earlier this year, the American Enterprise Institute’s Critical Threats Project concluded that Iran could have the fuel for a single nuclear bomb by September. That is a frighteningly short time away but luckily, Iran would still have to construct the bomb and fit it onto a missile. The question is: Where is Israel’s red-line?
The think-tank determined that Iran could make enough 20% enriched uranium for a bomb by June. From there, it would take only “two and one half months” to make the fuel for a 15-kiloton weapon, roughly the power of the atomic bomb that destroyed Hiroshima.
This assessment is realistic. Top nuclear expert David Albright says that it would only take about 6 months to turn 20% enriched uranium into bomb-grade fuel if 500 to 1,000 centrifuges are used. In November, the IAEA reported that 412 centrifuges were installed at Fordow. It is presumed that Iran is adding more centrifuges as you read this. This supports the AEI study.