The Trade Truce Won’t Last (thc0655)
Fans of The Godfather know that the “peace” arrived at in the dinner scene did not last long. In due course, Michael Corleone takes over the Corleone family. When Don Corleone dies, Michael plots his revenge on the rival families. In the climactic scenes, all of Michael’s top rivals are assassinated. This results in peace being restored because there is no one left to oppose Michael and his power is dominant.
The rollout of the company’s layoff plans was only the start of what will be a daunting challenge for General Motors’ PR and lobbying operations. Lawmakers are pressing the company to keep plants open, and President Trump is openly floating ways to punish the automaker.
The Yellow Vests held their first demonstrations on Saturday, November 17 on the Champs-Elysées in Paris. It was totally unlike the usual trade union demonstrations, well organized to march down the boulevard between the Place de la République and the Place de la Bastille, or the other way around, carrying banners and listening to speeches from leaders at the end. The Gilets Jaunes just came, with no organization, no leaders to tell them where to go or to harangue the crowd. They were just there, in the yellow vests, angry and ready to explain their anger to any sympathetic listener.
I’ve met Chinese dignitaries and government officials in China. I’ve spent time with some Chinese miners, from executives to pick-ax explorers. I’ve talked to everyday investors. I’ve done research into this market for years. What follows is a much broader, deeper and accurate portrayal of China’s gold market than what is usually seen in the media. At the least, a very different message emerges once you see it all tallied in one place.
Overall spending was 4.9% higher than in October 2017, and for the year to date, it’s 5.1% higher than the same period last year. But there are some key areas where construction outlays are lagging, notably residential building. Residential spending was down 0.5% for the month, and the average pace of spending over the third quarter is now lower than in the first three months of the year.
Fresh comment on the trade front from China appeared to help keep a lid on selling. A spokesman for China’s Ministry of Commerce said in a statement Wednesday that it will begin implementing measures agreed with the U.S. “immediately,” acknowledging the 90-day timetable for trade talks referenced by U.S. President Donald Trump on Tuesday.
While it is focused on the devastating impact an EMP hit would have on the military, it appears to support a congressional warning that up to 90 percent of the population on the East Coast would die in a year of an attack that would dismantle or interfere with electricity, transportation, food processing, and healthcare.
There were 246 illnesses reported from 25 states, including Hawaii, as of mid-November, according to the U.S. Centers for Disease Control and Prevention. All of them started between August and mid-October. While 59 people have been hospitalized, no deaths have been reported. Four people in Hawaii were reportedly sickened by the outbreak strain.
Another Day Older and Deeper In Debt (GE Christenson)
The Treasury Department issues bonds and sells them to the Fed. The Fed creates the dollars and buys the bonds. Insiders collect their swag, the government pays off corporations and voters, and those new dollars devalue existing dollars. Prices rise and the circus rolls down the road toward debt-ruin.
The game works until confidence in the currency and/or the Fed breaks. That confidence has not broken yet, but it will.
Robot janitors are moving into Walmart (Thomas R.)
There’s a siren on top that lets people know with a subtle “beep beep” that it’s coming through to clean. But that’s not all it’s doing. Brain’s robots have sensors that allow it to collect information, which can be uploaded into a store’s cloud-based platform. For instance, as the robot cleans, it could collect data on which shelves are empty, according to one potential use case shared by a Walmart spokesperson.
Is This The Most Crucial Factor For Oil In 2019? (Michael S.)
China is also facing slower growth. The trade war could flare up once again after the much-heralded Trump-Xi truce expires in three months. In fact, as the details on the most recent trade ceasefire faced more scrutiny, the deal started to look a little hollow. Trump took to twitter, perhaps after he realized that China’s concession were not rock solid, and said that he was “a Tariff Man,” warning them to follow through.
How low will gas prices go? (Thomas R.)
"Motorists finally have something to be excited about: gas prices plummeting, with at least one gas station in 27 states offering a gallon of gasoline at $1.99 per gallon or less. The national average stands at its lowest point of 2018 having fallen nearly 50 cents since the start of October, keeping nearly $200 million in the pockets of Americans every single day, acting as an economic stimulus ahead of the holidays," said Patrick DeHaan, head of petroleum analysis for GasBuddy.
According to media reports, Al-Falih met with his Iraqi counterparts and the country's Prime Minister Adel Abdul-Mahdi to discuss increasing cooperation in the energy and electricity fields. The U.S. has been encouraging Saudi investment in Iraqi reconstruction as a measure to push back against neighboring Iran's heavy clout in the country.
From Black to Green: DONG Energy is Now Ørsted (Jesper A.)
As battery storage and new energy technologies mature and as a more flexible demand side is developed, natural gas will, in the coming years, continue to support the transition to an entirely green energy system. The company said it will continue to trade in and sell natural gas to its customers, facilitating the bridge to a world that runs entirely on green energy.
Gold & Silver
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