The weekly trade report with LC Free trade initiatives in medical products are being pursued on at least three continents (Europe, Asia, and Australia / New Zealand), and there are signs that trade may become a point of contention in the US 2020 presidential election. EU Trade Commissioner Phil Hogan, in an April 16th virtual […]
Blocking exports could hurt everyone
The weekly trade report with L.C. The US Government got into a tussle with the 3M Company, maker of N95 medical masks. The quarrel stems from the Trump Administration’s desire of blocking exports of supplies needed in the COVID-19 fight. Using the powers available to it under the 1950 Defense Production Act (DPA), the administration […]
Nature dominates climate
by Richard Schulman Recent studies are reinforcing the view that nature still dominates climate, not the CO2 generated by human combustion of fossil fuels. The studies center around two questions: Can the warming that has taken place since the 19th century be explained by natural causes rather than CO2 emissions from fossil fuel combustion? If […]
China wet markets repeatedly cause global epidemics
by Richard Schulman China wet markets have repeatedly caused global epidemics, including the latest Wuhan coronavirus pandemic. The viruses jump from one species to another — bats, snakes, pangolins, chickens — and then to humans. Wet markets, where wild animals alive and dead are sold, exist elsewhere in the world, but China’s are unique in […]
Markets plunge on Xi Jinping virus, oil war, Fed rate cut
The weekly trade report with L.C. In the foreign exchange market last week, the dollar plunged vs. the yen and euro. Today, March 9th, the dollar fell further against the euro. It was the worst weekly drop for the US currency in four years, and was accompanied by a dive in US government bond yields. […]
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