In These New Times

A new paradigm for a post-imperial world

UK sees Chinese growth at record rate

Posted by seumasach on December 16, 2014

The partnerships established with China by the British and Scottish governments are already bearing fruit. This is the one mitigating factor in bankrupt Britain meaning the coming crisis will be less apocalyptic than it would be otherwise. Britain has always depended on incoming capital flows. The difference now is that instead of these going into government bonds they are taking the form of FDI(foreign direct investment). This provides us with a chance to run down our debt as the Chinese cash in their sterling-denominated bonds for real assets, and to end our trade deficit as Britain becomes an export base for Chinese companies or manufactures here goods which we have up until now imported from China. I would also expect them to “recapitalise”, takeover, our banks once they have been bailed in. This is the context in which the commitment of all major parties to a balanced budget, guaranteed by financial devolution to the regions or constituent nations, must be understood. There are no buyers for UK government bonds and QE to infinity is impossible. It is also possible now to avoid the complete collapse of the pound and we may instead hope for an orderly devaluation within a new global financial system prior to eventual adoption of the Euro.

China Daily

12th December, 2014

Chinese companies are growing in the UK at an unprecedented rate, adding a significant contribution to the UK economy through growth and employment, according to the Grant Thornton Tou Ying Tracker 2014 in collaboration with China Daily.

According to the Tou Ying 2014 Top 25 tracker which was released on Friday, the 25 fastest growing Chinese companies in the UK this year have generated 38 percent growth overall. Their combined turnover exceeded 25 billion pounds, and together they employ about 4,000.

 

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Posted in UK economy | Tagged: , , | Leave a Comment »

Congratulations Rosetta, shame about the science…

Posted by seumasach on December 16, 2014

Wallace Thornhill

The Electric Universe

15th December, 2014

Congratulations to the team responsible for the success of the Rosetta mission to comet 67 P Churyumov-Gerasimenko (henceforth 67 P). However, it’s a shame that scientists misled the engineers with their cherished story of icy comets, which resulted in an inappropriate design for the lander, Philae. Chris Reeve writes, “We train all physicists to adopt the same basic scientific framework — at the expense of also teaching them how to analyze the same phenomenon from multiple perspectives — and then we wonder why certain problems remain unresolved despite the investment of massive resources, people and time. The very act of rigidly training everybody in the same framework seems to me the problem which precludes their solution.”

 

Posted in Uncategorized | Tagged: , | Leave a Comment »

Iran nuclear talks: the beginning of the endgame?

Posted by seumasach on December 16, 2014

International Crisis Group

In Pursuit of Peace

11th December, 2014

After a year of negotiations, the parties to the Iran nuclear talks failed to meet their deadline of 24 November. Nonetheless the talks will continue, with the goal of reaching a political agreement by 1 March 2015 and a comprehensive agreement, including an implementation plan, by 1 July 2015 (see Crisis Group’s new report Iran Nuclear Talks: The Fog Recedes). In the following Q and A, Crisis Group Senior Iran Analyst Ali Vaez discusses what the new deadline means and how the talks might move forward.

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Posted in Global peace process, Iran | Leave a Comment »

Iran nuclear deal within grasp

Posted by seumasach on December 16, 2014

M.K.Bhadrakumar

Indian Punchline

13th December, 2014

The US-Iranian negotiations for a nuclear deal are slated to resume on Monday amidst growing optimism that this could be the end of the year-long endgame under way, and an accord is in sight, finally. The US secretary of state John Kerry recently said that the effort will be to reach an accord even before the extended deadline of end-June.

 

Posted in Global peace process, Iran | Tagged: , | Leave a Comment »

UK energy firms go under as oil price tumbles

Posted by seumasach on December 16, 2014

Guardian

15th December, 2014

The tumbling oil price has led to a trebling of insolvencies among UK oil and gas services companies so far this year, while £55bn of further oil projects reportedly under threat.

 

Posted in UK economy | Tagged: , | Leave a Comment »

Oil, currencies, finance, societies, the Middle East : Massive storm in the Western port!

Posted by seumasach on December 16, 2014

LEAP 2020

15th December, 2014

For almost two years, by combining various points of view (speculative, geopolitical, technological, economic, strategic and monetary…), we have continued to anticipate a major crisis in the entire oil sector.

Today, no one doubts the fact that we are actually at that point, and the GEAB must therefore anticipate the consequences of this veritable atomic bomb, which has begun to blow up all the old system’s pillars: everything which we have known, international currencies, financial markets, the US, the Western alliance, world governance, democracy, etc.

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Posted in Financial crisis | Tagged: , | Leave a Comment »

Outsourced and unaccountable: this is the future of local government

Posted by seumasach on December 16, 2014

Guardian

15th December

Ignore the economists quibbling whether public spending is returning to the era of George Orwell. If you want to see the future of your local public services, it’s already here: in the north London suburb of Barnet. I visited last week – and it’s not pretty.

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Posted in UK economy | Tagged: | Leave a Comment »

Brazil, Uruguay move away from US dollar in trade

Posted by seumasach on December 15, 2014

Hang the Bankers

10th Decmber, 2014

Brazil and Uruguay have switched to settling bilateral trade with local currency to stimulate turnover, bypassing the US dollar.

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Posted in Currency Wars, Multipolar world | Tagged: , | Leave a Comment »

US isolated over BRICS and IMF

Posted by seumasach on December 15, 2014

US isolated, BRICS to get greater voting power at IMF

BRICS Post

13th December, 2014

Months after the formation of new financial institutions like the $100 billion BRICS Bank and the China-led Asia Infrastructure Investment Bank, Christine Lagarde, managing director of the International Monetary Fund (IMF), said Friday that the organization is ready to discuss IMF voting reforms without the United States to give BRICS and emerging countries greater voting power.

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Posted in Multipolar world | Tagged: , , , | Leave a Comment »

Germans protest Western policies against Russia

Posted by seumasach on December 15, 2014

PressTV

14th December, 2014

Thousands of Germans have staged a protest rally to express their anger at the West’s warmongering policies against Russia over the ongoing crisis in Ukraine.

At least 3,500 people took part in the protest, organized by the German Peace Movement, in the capital Berlin on Saturday.

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Posted in Battle for Europe, Coup d'état in Ukraine, Disband NATO! | Leave a Comment »

Syria’s Assad backs Russia peace bid

Posted by seumasach on December 14, 2014

Moscow in touch with US

Yahoo

10th December, 2014

Damascus (AFP) – President Bashar al-Assad on Wednesday met a top Russian envoy who said Moscow is hoping to relaunch peace talks for the war-torn country and could host a Syria-US meeting.

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Posted in Global peace process, Syria | Leave a Comment »

 
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