Theresa May threatens US with trade war over Bombardier row

Theresa May threatens US with trade war over Bombardier row CREDIT: AP

 

Theresa May has threatened a trade war with the US after it slapped punitive tariffs on British-built aircraft, casting doubt on a key plank of her Brexit strategy.

The US Department of Commerce decided Bombardier aircraft, built in Northern Ireland, should be subject to 219 per cent import duty after the American aviation giant Boeing complained that Bombardier had been given unfair state aid.

The Government responded by warning that Boeing’s behaviour “could jeopardise” future Ministry of Defence contracts for its aircraft such as Apache helicopters. Continue reading

Chinese Supercomputers Threaten U.S. Security

One part of where this article goes wrong is the first opening sentence, as China has already eclipsed the United States in supercomputer technology.

However, at least Americans know who they can thank for giving China their threatening capability: Bill and Hillary Clinton through the U.S. Department of Commerce.

Another component of the problem is that the American security apparatus believes in the simple ‘patch and pray‘ fix due to high costs. In other words, they’re also reactive and not proactive… a grave difference.

 

Supercomputers play a vital role in the design, development and analysis of almost all modern weapons systems, said a report by the National Security Agency-Energy Department based on an assessment of China’s new supercomputer called the TaihuLight. Photo by: David Mercer

 

China is eclipsing the United States in developing high-speed supercomputers used to build advanced weapons, and the loss of American leadership in the field poses a threat to U.S. national security.

That’s the conclusion of a recent joint National Security Agency-Energy Department study, based on an assessment of China’s new supercomputer called the TaihuLight.

National security requires the best computing available, and loss of leadership in [high-performance computing] will severely compromise our national security,” the report warns. Continue reading

US cuts cord on internet oversight

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When an agreement with the US Commerce Department runs out, ICANN will become a self-regulating non-profit international entity (AFP Photo/Andrew Cowie)

 

Washington (AFP) – The US government on Saturday ended its formal oversight role over the internet, handing over management of the online address system to a global non-profit entity.

The US Commerce Department announced that its contract had expired with the Internet Corporation for Assigned Names and Numbers, which manages the internet’s so-called “root zone.” Continue reading

Former U.S. official urges Pentagon to skip buying new ICBMs

Again, America’s enemies are arming and modernizing while America wants to continue suicidally disarming. This brings into play serious doubts what side the previous administrations (as well as current) are working for, as this is beyond incompetence or ignorance.

This is the same defense secretary who worked under the Clinton administration. This is the same Clinton administration who purposely sold American supercomputers to China via the U.S. Department of Commerce and is largely responsible for the Asian giant’s threatening rise. One can only wonder what has been given to Russia since then.

 

Former Defense Secretary William Perry on Thursday called for the Pentagon to skip replacing its aging stockpile of intercontinental ballistic missiles (ICBMs), arguing that U.S. nuclear-armed submarines and a new long-range bomber program would provide sufficient deterrent value.

Perry, a close friend and mentor of the current defense secretary, Ash Carter, said the United States was on “the brink of a new nuclear arms race,” that would be extremely expensive, and the ICBMs were not necessary as a deterrent force. Continue reading

We Have Hit Keynesian Nirvana: A Third Of All Containers Shipped From Long Beach Port Are Empty

In the past several months, it has been virtually impossible to make any sense of the conflicting trends involving US and global trade. On one hand, there is global trade, which as we have covered since the spring, has been in a state of consistent decline. Some example of this:

Where things get more complicated, however, is when looking at the US. Here, macro data throughout the summer had suggested more or less smooth sailing in the trade space, and it was only a week ago that the facade started to crack, following the ugly advance trade report, when as we reported there was a “16% Surge In August Trade Deficit; Imports Jump As Exports Drop.” Continue reading

Iran Will Walk

This is precisely why economic sanctions on Iran are laughable. It was mentioned years ago that you cannot bring down a third-world nation any farther than it already is (See also HERE). The regime running the country remains isolated, shielded and unaffected at the expense of the every day citizen that receives all the aftermath. Plus, add to the fact that there will always be more than one customer in the world needing oil that isn’t a Western nation, which makes diversification a non-issue.

So long as America continues on the path it’s on with help from Barack Obama as he buys it time, Iran will walk indeed.

 

  • The Islamic Revolutionary Guard Corps (IRGC), the Praetorian Guard of Iran’s regime, controls most of the economy, as well as the black-market, alternative economy. The IRGC therefore actually benefits from sanctions; it is private firms, such as those involved in international commerce, that suffer. Why would IRGC operatives want to see the playing field made more level by private investment, transparency and a competitive economy?
  • Sanctions never hurt the regime’s ruling class; lifting them only helped the regime solidify its power over its people.
  • The objective of these two demands [an immediate lifting of all sanctions and no, or severely limited, inspections] is either to have them accepted, or to render it untenable for the Obama administration to offer Congress any deal that could be accepted – thereby shifting blame for the collapse of the talks to the U.S.
  • The U.S should also be on guard against the mullahs’ belief that the Obama administration is weak both politically and its aversion to using force. The mullahs might find great pleasure in humiliating Obama, as they did President Jimmy Carter, by dragging out hostage crisis negotiations by running out the clock until his term was over. They clearly believe that the Obama administration, simply to say it got “a deal,” is ready to sign anything.

Most intelligence analysts and journalists assume that because Iran’s leadership endorsed the negotiations and has been the beneficiary of several key concessions by the P5+1 (the five permanent members of the UN Security Council, plus Germany), that an agreement is imminent. Forecasters have been predicting what the likely consequences of such a deal would be: negative.

But what if the Iranians walk?

Sanctions never hurt the regime’s ruling class; lifting them only helped the regime to solidify its power over its people.

Continue reading

China’s new satellite is said to spot pot fields, smuggler routes

China has poured billions of dollars into building a nationwide surveillance network – by one 2013 estimate, the country had 30 million surveillance cameras in parks, on highways and even in taxis.

Now, there’s one more very powerful eye in the sky allowing authorities to keep tabs on things: the Gaofen-1 satellite, which is capturing high-resolution images from 300 miles above the Earth.

Analyses of images captured by Gaofen-1 have enabled Chinese police to locate fields of opium poppy and marijuana in northern China and uncover dozens of routes used by smugglers at the border with North Korea and along the frontier in the restive Xinjiang region, the official New China News Agency reported Monday. Continue reading