The IS Comeback

 

BERLIN/BAGHDAD/MOSUL (Own report) – German Foreign Minister Heiko Maas’ brief visit to Baghdad is accompanied by reports that the IS militia (Islamic State) is regaining strength. Maas was in the Iraqi capital yesterday for talks with Iraq’s new Prime Minister to emphasize Berlin’s push for obtaining stronger influence in Iraq. He also promoted a billion-euro deal with Siemens and listened to his Baghdad counterpart’s call for Iraqi refugees to return to their homeland. According to reports, Iraqi authorities are not only responsible for the slow reconstruction of Sunni regions, but Sunnis are being also detained arbitrarily, tortured or condemned to death without proof of guilt. “This is not just revenge on the IS,” explained a senior intelligence officer, “this is revenge on Sunnis.” Observers warn that this will refill the ranks of the still existing IS in clandestinity, which has again “taken the offensive.”

Automatic Job Storm Coming

 

Almost every weekday, some arm of the US government issues some sort of economic statistic. News media and financial analysts review and report it. Then 99.9% of the adult population, and probably 90% of the financial industry, forget all about it. And they’re probably right to do so.

The monthly jobs report isn’t like that. Yes, any single month doesn’t tell us much. Yes, the Labor Department’s methodology has some flaws, both major and minor. But imperfect as it is, the jobs report is our best look at the economy’s pulse. Jobs matter in a visceral way to almost all of us, as you know well if you’ve ever lost one. Almost any survey that asked questions around employment would reveal the angst that many Americans feel about the possibility of losing their jobs.

Right now, automation tops the list of things that might threaten our jobs. Artificial intelligence and robotics technology are rapidly learning to do what human workers do, but better, faster, and cheaper.

EU “Sounds Alarm” Over New US Sanctions On Russia; Germany Threatens Retaliation

Late on Friday, Congressional negotiators reached a deal to advance a bill that would punish Russia for its interference in the 2016 election and restrict the president’s power to remove sanctions on Moscow, according to the WSJ. The measure, if signed into law, will also give Congress veto powers to block any easing of Russian sanctions by the president. And while it remained unclear if President Donald Trump would sign the bill if it reaches his desk, which is now likely, the loudest complaint about the bill to date has emerged noe from the Oval Office, but from Brussels, after the EU once again urged (and warned, and threatened) US lawmakers to coordinate their anti-Russia actions with European partners, or else.

China’s Covert Weapons Procurement Revealed in Florida Case

‘Technology spy’ sought advanced jet engines, Reaper drone for reverse engineering

China’s government covertly tried to obtain advanced U.S. fighter jet engines and a Reaper drone in a high-technology spying operation uncovered by federal authorities in Florida.

A Chinese-born woman, Wenxia Man, was sentenced to 50 months in prison on Friday following her conviction for conspiracy to export restricted American defense articles, namely engines for F-35, F-22, and F-16 jets, and the Reaper, a front-line unmanned aerial vehicle used by the military and intelligence agencies.

China Is Buying the Chicago Stock Exchange. A Dangerous Signal for the Global Economy

Capital flight or capitol fight: Why is so much money fleeing China, and what is the biggest ramification?

An obscure Chinese company is buying the Chicago Stock Exchange. The February 5 announcement stirred a tumult on Capitol Hill. Members of both parties of Congress denounced the takeover, calling for the Treasury Department to investigate the proposed sale.

Yet the founder of the Chongqing Casin Enterprise Group (Casin Group), which is buying the Chicago Exchange, assured regulators that his intentions were purely financial in nature. He planned on keeping the United States management team in place and said he would use information learned from the Chicago Exchange “to help develop financial markets in China over the longer term and to bring exciting Chinese growth companies to U.S. investors.”

So what’s the problem?

China acquiring USA one company at a time

 

What’s the best way for a country like China to exert its influence over the U.S. economy? Acquire American-owned companies like Chinese-owned Haier just did when they purchased General Electric’s (GE) appliance business for $5.4 billion.

So much for American independence and authentic Independence Day celebrations on July 4th.

America can no longer claim to be an independent nation when our manufacturing base is under foreign ownership or foreign control. After all, ownership equals control, and control equals sovereignty. We lose our sovereignty as a nation when foreign companies buy our land, factories, and companies.

Chinese companies buying up foreign groups at alarming rate

(TRUNEWS) Chinese groups are scooping up foreign and U.S. companies at a record rate.

According to Business Insider, lawmakers are concerned about the growing trend, so 45 members of Congress signed a letter to the Treasury Department asking them to take some action.

A New Era in the Middle East (II)

TEHERAN/HANOVER/MUNICH (Own report) – Now that the sanctions are coming to a close, German enterprises are initiating major investments in Iran and multibillion-dollar gas deals with Teheran. Over the past few weeks, several business delegations have already visited Iran. The state of Bavaria will soon open a business representation in the Iranian capital. On the one hand, German business circles have their eye on the Middle East market, because Iran “is the ventricle of an economic zone comprising a cross-border population of 400 million people.” With car sales in Iran, Volkswagen would like to compensate for the slump it is suffering on other major markets, particularly China and Brazil. On the other hand, Berlin and Brussels are trying to acquire access to Iranian natural gas. The EU Commission estimates that by 2030, Iran should be annually selling 25 to 35 billion cubic meters – probably liquid – gas to the EU. BASF natural gas subsidiary Wintershall has also shown interest. During his recent visit in Teheran, Lower Saxony’s Minister of the Economy proposed the construction of a LNG terminal in Wilhelmshaven as a German-Iranian joint venture. This is all happening at a time, when the conflict over Syria – with Iran and Russia on the one side and the West on the other – is escalating.

Lockheed Unveils ‘TR-X’ As Next-Generation U-2

 

WASHINGTON — Lockheed Martin this week revealed its Skunk Works proposal for a next-generation U-2 spy plane, a tactical reconnaissance aircraft called “TR-X.”

As the Air Force looks to retire Lockheed’s U-2 Dragon Lady in 2019, the company has come up with a next-generation replacement, Scott Winstead, strategic business manager for the U-2 program, told reporters on Monday at the Air Force Association’s annual conference. Lockheed is still shaping the capabilities of TR-X, a high-altitude aircraft that is designed to conduct intelligence, surveillance and reconnaissance missions for decades to come.

COVER-UP: US Navy sailors disappear as government, doctors bury truth about Fukushima radiation

(NaturalNews) U.S. Navy sailors exposed to radioactive fallout from the Fukushima nuclear disaster have been falling ill, even as the Defense Department insists that they were not exposed to dangerous levels of radiation. Many of the sailors have now joined in a class action lawsuit against Fukushima operators and builders Tokyo Electric Power Company (Tepco), Toshiba, Hitachi, Ebasco and General Electric.

Even if they wanted to — which many do not — the sailors would be unable to sue the Navy. According to a Supreme Court ruling from the 1950s known as the Feres Doctrine, soldiers cannot sue the government for injuries resulting directly from their military service.

Pentagon Contractors Exploring Business with Iran

Multiple companies currently exploring new business ventures in Iran are also cashing in on highly lucrative contracts with the U.S. Defense Department, raising questions about whether their dealings with Iran could run afoul of U.S. law.

At least 13 major international companies have said in recent weeks that they aim to reenter the Iranian marketplace over the next several months. The companies have received Pentagon contracts totaling well over $107 billion, according to a Washington Free Beacon analysis that tracked DoD contracts awarded since fiscal year 2009.

Exclusive: Testing detente, U.S. firms move to sell jet parts to Iran

(Reuters) – U.S. aerospace companies are seeking permission to sell airliner parts to Iran for the first time in three decades, in a key test of the temporary relief on sanctions given under talks to curtail Iran’s nuclear activities.

At least two leading manufacturers, Boeing and engine maker General Electric (GE), have applied for export licenses in a six-month window agreed by Iran and six world powers in November, industry officials and other sources familiar with the matter said.

If approved, the sales would be the first acknowledged dealings between U.S. aerospace companies and Iran since the 1979 U.S. hostage crisis led to sanctions that were later broadened during the dispute over Iran’s nuclear activities.

Church of England has up to £10m invested in arms firm

The Church of England has invested up to £10m in one of the world’s major arms firms, which supplies systems and technology for unmanned drones and jets to conflicts around the world. The discovery, on the eve of what is set to be the biggest day of protests against DSEi – the UK’s leading arms fair – in Docklands, London, tomorrow, has led worshippers to accuse church leaders of profiting from conflict.