Category Archives: Foreign

Wall Street out on a Ledge over China

Bok cartoon: Turns out China's run by a Commie... who knew? Wall Street, China, Evergrande Group
Click to enlarge

Wall Street took a deep dive yesterday on news from China. Investors are afraid China’s biggest property developer, Evergrande Group, won’t be able to make payments on its debt. If that happens the company could collapse like Lehman Brothers in 2008 and take the economy down with it.

To make matters worse the Wall Street Journal (paywall) reports that Communist Party leader Xi Jinping isn’t a capitalist! He thinks private capital is running “amok.” And he wants to force China back to “the vision of Mao Zedong, who saw capitalism as a transitory phase on the road to socialism.” He even showed up in a Mao suit.

Maybe my guy on the ledge is afraid he’s on the road to serfdom.

Palestinians Restore Middle East Conventional Wisdom

palestinians, abraham accords

Conventional wisdom said there could be no peace in the Middle East until there’s peace with the Palestinians. The Trump Administration did an end run around conventional wisdom and brought peace by signing the Abraham Accords . However, Iranian proxy Hamas had other ideas and fired over 3,300 rockets at Tel Aviv and Jerusalem from Gaza.

Withdrawal of U.S. Forces from Afghanistan on 9/11

withdrawal of u.s. forces, afghanistan, 9/11

President Biden set a date certain for the withdrawal of U.S. forces from Afghanistan. It’s September 11. The Taliban have yet to RSVP.

Corporate CEOs Woke to State Voter Laws

corporate ceos, delta, china eastern airline

Elite corporate CEOs held a zoom conference over the weekend. Their mission was to show they are woke to state laws that suppress minority voters. Or, in other words, to stay a step ahead of the mob. Ed Bastian, CEO of Atlanta based Delta is very concerned about the Georgia voter law which requires ID, just like the company he runs. In 2015 Delta paid $450 million for a 3.5 percent stake in its Chinese partner China Eastern Airline.

Asian Discrimination Anti-Racism Issue of the Week

Asian discrimination,

Joe Biden accused Trump of Asian discrimination when he banned flights from China due to the corona virus. More recently, eight innocent people were murdered in Atlanta. Six of them were Asians. And now hate against Asians is the cause of the month. It’s real alright – check out this thug in mid-day Manhattan.

But Asians are also one of the most successful minorities in America. And if we’re looking for non-violent Asian discrimination Harvard is a good place to start.

But did the Atlanta victims die because they were Asian? So far there’s not proof of it. The shooter says he’s a sex pervert with issues. Sometimes a perv is just a perv.