Cop-on-cop killing rocks and roils Indonesia

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JAKARTA – Public outrage and the direct treatment of President Joko Widodo have led on the arrest of a successful police general falsely accused of ordering the particular murder and future cover-up of his very own aide-de-camp in a dark colored drama that has transfixed Indonesia. The case possesses revealed the existence of groupe, or what personal coordinating minister  Mohammad  Mahfud  MD  described as “headquarters […]

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How can the ‘blue continent’ stay connected?

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Along with Samoa fully reopening its borders upon August 1, an additional Pacific country transferred tentatively forward right after two years of edge closures and little or no international tourism. Yet opening up is not as simple as flipping the switch, given the numerous challenges facing Pacific aviation. Rising gas costs, mounting debt, management issues and also a shortage […]

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Economic impact of latest Taiwan Strait crisis

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Taiwan strait map close up in an small world globe (this picture has been shot with a High Definition Hasselblad H3D II 31 megapixels camera and 120 mm f4H Hasselblad macro lens). Image: iStock

Geopolitical tensions within the Taiwan Strait have got risen after ALL OF US House Speaker Nancy Pelosi visited Taiwan. It is no surprise that Beijing announced economic retaliations and military drills. The Taiwan Strait, one of the world’ s most important lanes for marine delivery and air cargoes, is now a riskier place because of the on-going live military […]

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CPTPP bid shows political side of China trade goals

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In September 2021, China applied for membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This app came four years after the United States pulled out of the nascent agreement for what earlier had been called simply TPP. While China is clearly motivated by a desire to expand industry and facilitate industrial expansion, […]

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Worst productivity drop ever means more inflation

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July inflation was “only” 8.5% year-on-year vs. 9.1% year-on-year in June, mainly because energy prices fell on the month. In the hope that fading inflation would slow the Federal Reserve’s monetary tightening, the 30-year US Treasury bond yield dropped – for about 10 minutes. Traders decided that the light at the end of the tunnel […]

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Waking up from the Japanese debt dream

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Affordability matters for government debt because the burden is eventually passed onto current and future taxpayers through tax hikes or inflation. Japan’s general government gross debt was 263% of GDP at the end of 2021. Borrowing may seem affordable as long as the average yield is close to zero, but low interest rates are no longer sustainable […]

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Chinese private security firms spreading far and wide in Africa

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Chinese private security companies have found a profitable niche market in Africa: guarding Chinese executives and construction sites. They’re also securing Chinese vessels at sea against piracy. The growing presence of Chinese private security companies in Africa comes against the backdrop of a global security architecture that’s in transition. These changes reflect the US moving […]

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Ukraine – the situation (August 10, 2022)

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Overview * The Ukrainian “offensive” in the south has been underway for 18 days as of today. As an American military intelligence officer observed, “I’m reminded of Lincoln’s comment about McClellan: ‘He has a case of the slows.’” More on this propaganda offensive below. * In the principal theaters of action, the mouth of the Donbas salient, the line of […]

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US Fed becoming Asia’s Public Enemy No. 1

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As Joe Biden revels in a series of legislative victories in Washington, events in Moscow remind the US president that his troubles may be just beginning.

On Monday, United Co Rusal International PJSC, an aluminum producer listed in Moscow and Hong Kong, raised US$590 million in a first-of-its-kind debt sale in Russia. The reason it matters for Biden’s White House: the bonds were denominated in yuan.

Gazprombank, the lead manager of the deal, said it received about 100 orders from asset managers, banks, investment and insurance companies, and individuals.

It remains to be seen if such transactions amount to death by a thousand cuts to the US dollar. Yet the trend is emblematic of how economic policy errors are colliding with global reactions to Western sanctions on Moscow for its Ukraine invasion. The latter includes freezing hundreds of billions of dollars of Russia’s foreign currency reserves.

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Russia lending Iran a helping hand in space

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On August 9, Iran launched its indigenous Khayyam satellite using a Russian Soyuz rocket from the Baikonur Cosmodrome in Kazakhstan. The sanctions-busting move strengthens Iran’s self-sufficiency in space-based military capabilities and deepens the strategic partnership between Iran and Russia.   According to the news website Iran Press, Khayyam can be used beyond border surveillance for […]

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