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Reviving the classical-liberal republic

News and commentary, posted occasionally

Prosperity threatened by interest rates, oil, and trade wars

October 15, 2018 by Richard Schulman Leave a Comment

The Phillipines is one of a number of emerging economies threatened by rising US interest rates and unsettled trade relations

by Trade Correspondent L.C. — The world economy faces three principal threats at the moment: Rising interest rates, endangering those emerging economies with heavy debt burdens; Possible Saudi-triggered oil price increases in the wake of the Khashoggi affair; and Ongoing trade war among the US, its allies, and China. Regarding the US-China trade war, while […]

Filed Under: Trade  Tagged: Dennis Shea, IMF, Japan, RCEP, TPP, US-China trade war, Vietnam, World Trade Organization (WTO)

Strategic caution required in Khashoggi affair

October 13, 2018 by Richard Schulman Leave a Comment

Saudi consulate in Istanbul, from which Muslim Brotherhood propagandist reportedly met his death

“Politics ain’t beanbag,” as the saying goes, and that goes especially for Mideast politics, where terrorism and murder of opponents are the coin of the realm. Saudi citizen, journalist, Muslim Brotherhood member and its leading propagandist Jamal (“James”) Khashoggi knew this well. He reportedly gave his cell phone to his fiancee waiting outside, set his […]

Filed Under: Mideast  Tagged: James Kashoggi, Muslim Brotherhood, offshore balancing, Saudi Arabia, Turkey

With NAFTA 2 concluded, will President join allies against China trade misbehavior?

October 7, 2018 by Richard Schulman 1 Comment

The US is still maintaining tariffs on aluminum and steel imported from Mexico and Canada despite a promise to lift them after NAFTA renegotiations were concluded. Shown in picture: aluminum billets

Trade correspondent L.C. reports: The NAFTA renegotiation was finally concluded with the October 1st release of the text of the revised agreement. This will allow it to be signed by the three member countries before Mexican President Enrique Peña Nieto leaves office on December 1st. Getting the NAFTA re-do out of the way raises the […]

Filed Under: Trade  Tagged: auto tariffs, dairy, Larry Kudlow, non-market economy, USMCA

Trump’s trade agreements antagonize allies but are mostly PR

October 1, 2018 by Richard Schulman 1 Comment

The trilateral (US-EU-Japan) trade negotiators just issued a joint statement of joint WTO reforms to curb Chinese abuses. (Photo shows an earlier meeting of the three in March 2018)

Trade correspondent L.C. (supplemented by a late-breaking addition): As we went to press, Bloomberg issued the following report on the just-concluded US-Canada agreement to continue NAFTA: “Globalists Will Love Trump’s New Nafta Deal. Despite the fanfare, the agreement doesn’t change much. “For the group of people meant to be enemies of President Donald Trump’s trade […]

Filed Under: Trade  Tagged: Canada, EU, Japan, NAFTA, national sovereignty, South Korea, WTO

Innovative entrepreneur Elon Musk settles favorably with SEC

September 29, 2018 by Richard Schulman Leave a Comment

Tesla's well-regarded (but expensive) Model X 75D

Immigrant entrepreneur Elon Musk has just settled a Securities and Exchange Commission (SEC) suit on terms favorable to himself and the innovative companies he founded. Shortly before, the SEC had said that it was “seeking to bar Mr. Musk, Tesla’s largest shareholder and its top executive, from serving as an officer or director of any […]

Filed Under: Uncategorized  Tagged: Elon Musk, hyperloop, PayPal, SEC, SpaceX, Tesla, The Boring Company

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