By Rhod Mackenzie The summer was not as dire for the Chinese economy as it has been portrayed in the Western Media. Reports claimed that the Celestial Empire almost faced an economic crisis. However, the third quarter saw 4.9% growth in the world’s second-largest economy compared to the same period in the previous year. Calculating […]
While many in the West take a very dim view of China, China expert John Ross is far more positive, telling MintCast that China has seen the highest sustained economic growth of any country in world history. "People don’t understand the scale of China’s success, and they still don’t understand what it means, therefore, in the transformation of the lives of ordinary Chinese people,”
By @AlexanderIV17 (Twitter) for the Saker blog One of the favorite lines of the West propagandists is “ Russia doesn’t count, it’s about the size of Italy’s GDP” . I
How many times a day, and in how many different presentations, has President Donald Trump suddenly departed from script to exclaim, “This was the greatest economy we ever had, the greatest in the world, the greatest ever, and it all went down because of a pandemic?” A large part of the United States electorate has accepted this political statement, which Trump uses to boost his election chance. Time to burst the bubble he has created around himself and let him know his ego- building statement is entirely false.
#zizek #jordanpeterson #debate Many requested it, so here it is! I watched and took notes on the entire debate. It was fun and on the official debate scale of which I am a mater expert, I give the debate a 7 out of 10. As you can imagine, I have a unique take on this much-touted exchange that almost no one else has.
Via Zerohedge…
Data from the Independent Authority for Public Revenue show tax arrears totaled 182.5 billion euros ($214 billion) on Aug. 10, according to a note sent from the agency to parliament last week and seen by The Associated Press Wednesday.
Goldman Sachs expressed its concern over the matter of the continuing huge budget overruns the United States Government amasses every year. CNBC reported that Jan Hatzius the chief economist at Goldman, predicted the annual budget deficit rising to over $2 TRILLION by 2018, an amount that is projected to be about seven percent of the Gross Domestic Product (GDP) for that year.
He further noted:
How do you reconcile all the good news coming out of the US economy, with the miserable employment prospects faced by many Americans?
“Make-Believe America” by Paul Craig Roberts…
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.
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.
