exports

Russia doubles grain exports despite difficulties with sanctions.

By Rhod Mackenzie For the first time in at least three years, Russia has more than doubled its grain exports. According to the Federal Customs Service, by mid-September exports had reached 44.6 million tonnes. At the same time, the share of agricultural exports to ‘so called’ friendly countries rose to 87%. This information was contained […]

China fires back at Trump tariffs

File photo of US President Donald Trump with Chinese President Xi Jinping. It is unclear how the tariffs will affect their warm relationship
China on Saturday continued its second day of harsh criticism of the Trump administration for imposing tariffs set to go into effect on July 6.
A Chinese state newspaper said the US President had an “obsession with playing the disgraceful role of global economic disruptor.”
“The wise man builds bridges, the fool builds walls,” it said.

Temer’s pension reforms face stiff opposition

Brazil’s unions have planned a day of struggle to protest Temer’s proposed social security reform bill. The president is already very unpopular in Brazil; polls show voters want him to be accountable for alleged corruption [Xinhua]
Brazilian President Michel Temer is facing a tide of opposition regarding his promise to reform the social security program.
Many among his supporters see the reform initiative as damaging to their relection bids in the general election next October.

Rapid urbanization a challenge for BRICS countries

Major cities in Brazil, China and India are witnessing rapid urbanization [Xinhua]
The Malaysian capital of Kuala Lumpur will next week host the Ninth Session of the World Urban Forum to discuss the challenges societies as more people move to the cities.
The forum titled, Cities 2030, Cities for All: Implementing the New Urban Agenda, will focus on the efforts of major countries, such as China, India, and Brazil to overcome the challenges posed by rapid urbanization.

Economists are playing catch-up with economic reality

Economic growth forecasts for 2018 have been ratcheted higher as data exceeds expectations
Growth rates in BRICS nations such as China and Russia have exceed expectations of the IMF and other forecasts [Xinhua]
The news that China’s GDP growth in 2017 was 6.9 per cent as opposed to the government target of 6.5 per cent and the January 2017 international Monetary Fund (IMF) projection of 6.5 per cent is merely the latest in a sequence of economic data releases that has pushed economists to play catch-up with economic reality.

The Chinese Only Export so They Can Buy Stuff Too

Economies are just collections of individuals, no one person on this earth could live beyond the barest of subsistence absent the ability to trade freely. Life without trade would be defined by unrelenting poverty, and for a high percentage, death by starvation, lack of protective clothing, shelter, or all three combined. The free trade that is essential for an individual's productivity and wealth is essential for a country's economy.

Corporate Farms Control of Water

Water and air are the most important resources on the planet. Breathing clean air seems to be accepted as a noble goal and the cost attributed to its improvement is usually universally accepted. However, the same cannot be said about access to fresh water as big business interests often argues. Many corporate interests contend that private ownership of public water out- weighs the rights of actual property owners. Corporate agriculture is quite different from traditional family farming.