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Foreign Trade

Vladimir Putin rolls out the red carpet for visit of President Xi Jinping

[UK Independent]

Russian premier gives unprecedented welcome to new Chinese leader as relations thaw

Clifford Coonan | Hong Kong

Friday 22 March 2013

China’s new leader began his first overseas trip as president with a much anticipated visit to Russia today – a symbolic trip that underlines China’s desire to ensure its energy supply while showing defiance in the face of US influence in Asia.

A grand reception was held to welcome President Xi Jinping upon his arrival in Moscow, with guards riding on horseback brought out to greet a foreign leader for the first time. Kremlin guards snapped to attention as Mr Xi and his long retinue walked into the gilded, chandeliered Grand Kremlin Palace, where they met members of official delegations in the ornate St George Hall before sitting down for talks.

“China and Russia are the main and most important strategic partners,” Mr Xi told Russian media upon his arrival. He said he was eagerly anticipating his meeting with Russian President Vladimir Putin. “In many ways we speak a common language,” he said.

The grand welcome was a clear indication of the importance placed on the visit by Moscow. Russia is one of the world’s biggest energy producers, and China is the top energy consumer. These realities tend to outweigh the traditionally tense relations between the two neighbouring giants, who were bitter rivals during the Soviet era despite their ideological links.

Russia has watched China’s rise with concern, anxious that it might someday threaten its dominance on its eastern borders. But a bigger concern for the Kremlin, one that it shares with China, is blunting US influence in the region. At the start of talks, Mr Putin described the ties between the two countries as an “extremely important factor of global politics.”

Ahead of Mr Xi’s arrival, he said: “We are working together, helping to shape a new, more just world order, ensure peace and security, defend basic principles of international law.”

Mr Xi said that the relations between the two countries are the best ever.

In recent years, the need to counterbalance the growing might of the US has led to the two to set aside some  differences. Strong trade links have also smoothed some of the wrinkles in the interim, with bilateral trade soaring to a record £58bn last year.

Beijing and Moscow have taken similar stances on some of the biggest geopolitical issues of recent years, from North Korea to Iran to Syria, often voting in concert to veto punitive sanctions by the UN Security Council.

Many analysts believe their relationship is likely to strengthen, especially as the United States tries to expand its influence in Asia, and both countries are firm in rejecting Western criticism of their human rights records.

The two leaders are expected to discuss Syria and North Korea, but the economy is likely to dominate.

Shortly before Mr Xi arrived in Russia with first lady Peng Liyuan, a £1.3bn deal was announced by Russian and Chinese companies to develop coal resources in eastern Siberia. Russia also sees China as a way to diversify its energy markets away from Europe and it is keen to tie up a potentially enormous gas deal which could eventually see almost 70 billion cubic metres of gas pumped to China annually for the next 30 years.

Mr Xi’s tour continues until March 30 and he will also visit Tanzania, South Africa and the Republic of Congo. In South Africa he will attend the fifth BRICS summit.

The five key emerging economies that make up BRICS – Brazil, Russia, India, China and South Africa – have become an increasingly important channel for China and Russia to counter growing US influence.

BRICS countries hold reserves totalling £3 trillion, most of them held by China, and China now accounts for 20 per cent of Africa’s exports.

China surpassed the US and Europe as Africa’s largest trading partner in 2009 and has maintained its leading place in the years since.

China’s First Lady: A new role model

In China, the big news about Xi Jinping’s first trip as president has not been about energy, investment or BRICS, but rather about his wife Peng Liyuan’s first public appearance as first lady.

Ms Peng is a hugely popular figure in China, indeed, she was probably better known than him until recently, and adored by millions for her stirring renditions of folk tunes in army uniform or ethnic costume.

“Peng Liyuan has a very positive meaning for China. China needs a female role-model. Imagine what would it be like if China had a First Lady like Michelle Obama?” wrote one online fashion commentator.

Since the cult of personality that built up around Chairman Mao Zedong, the Communist Party has sought to avoid making its leaders too personal. Solid, dull technocrats have run the show, and their wives have been even less visible.

Suggested Topics

La Boca Grande [The Big Mouth]

American [Spectator.org]

Political Hay

By on 10.23.12 @ 6:10AM

Obama talks big [boca/mouth] in the final debate in Florida.

Barack Obama came to the last presidential debate ready for a fight. But he didn’t get one. Romney seemed more interested in talking to moderator Bob Schieffer than engaging Obama in a scuffle.

That relaxed strategy didn’t hurt Romney very much. At worst, the debate was a draw, which will only serve to seal the tightness of the race.

Though Romney kept stepping back from his punches, Obama didn’t tire of throwing them. Apparently Romney not only kills his sacked employees’ wives he also takes glee in outsourcing jobs to China and (in a new line of attack from Obama) invests in an Iranian company. Obama was unloading all the opposition research that he couldn’t cram into the previous debates.

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Romney to deliver foreign policy speech amid big questions on Libya, global economy

[FoxNews.com]

Published October 07, 2012

romney_orlando_062112.jpg

FILE: June 21, 2012: Mitt Romney campaigns in Orlando, Fla. (AP)

Republican presidential candidate Mitt Romney is set to give a foreign policy speech Monday that will mark one of his final opportunities before Election Day to show his potential as a world leader — amid political turmoil in the Middle East and economic collapse in Europe.

Romney’s success on foreign policy has thus far have evolved towards good reviews. He has drawn widespread praise from conservatives and fellow Republicans for his full support of Israel’s quest to stop Iran from achieving nuclear capability.

(more…)


Official Accounting: $10T Withdrawn From U.S. Treasury This Fiscal Year Alone

[CNSNews.com]

Treasury Secretary Timothy Geithner (AP Photo/Evan Vucci)

(CNSNews.com) – Although the Congressional Budget Office estimates that the federal government will spend $3.563 trillion in fiscal year 2012 and the White House Office of Management estimates it will be $3.795 trillion, actual withdrawals from the U.S. Treasury have already exceeded $10 trillion.

In fact, as of the close of business Wednesday, withdrawals from the Treasury equaled $10,201,615,000,000 for fiscal 2012, which began on Oct. 1, 2011 and will end on Sept. 30.

According to the Daily Treasury Statement–the official daily accounting sheet for the federal government—withdrawals from the Treasury exceeded $10 trillion this year on Aug. 30, when they rose from $9.903 trillion to $10.035 trillion.

How can this be?

(more…)


Romney Breitbart Exclusive – Paul Ryan: We Win, We Repeal

[Breitbart.com]

July 5, 2012 by Joel B. Pollak

Rep. Paul Ryan (R-WI), chair of the House Budget Committee–and potential running mate of Republican presidential hopeful Mitt Romney–told Breitbart News this week that the party’s leaders are “absolutely” committed to repealing Obamacare. 

“It would have been nice for the Supreme Court to repeal it for us,” he said, “but it’s no harder today than it was the day before the decision. We win, we repeal. It’s just that simple.”

Ryan, speaking exclusively with Breitbart News, added that there was no disagreement about repealing Obamacare among the various Republican leaders, or with the Romney campaign. “Not in any of the meetings I have been having,” he said.

Earlier in the week, conservatives criticized apparently conciliatory postures by the Romney campaign and Senate Minority Leader Mitch McConnell (R-KY). McConnell and Romney have since confirmed their commitment to repealing Obamacare as a first priority after the election.

Asked whether Republicans had a plan ready to replace Obamacare, Ryan pointed to several plans that had already been proposed, including his own and that of Rep.Tom Price (R-GA). While there was common agreement on the need for a “patient-centered” system, Ryan said there were “differences of opinion” on the details of an alternative, particularly on the issue of whether to use tax credits to help people buy insurance.

“I don’t think those differences will be resolved between now and the election,” Ryan said. “There will be a cacophony of ideas.” He explained that Republican leaders would introduce reforms one-by-one, following repeal of Obamacare in the 113th Congress.

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Obama Camp Concedes: Romney Will Raise More Cash Than Us

[Newsmax.com]

 Thursday, 21 Jun 2012 11:35 AM

By Jim Meyers

Republican presidential candidate Mitt Romney surged ahead of President Barack Obama in fundraising for the first time last month — and a senior Obama adviser concedes that Obama will be the first incumbent president to be out-raised by his opponent.

Romney’s campaign and the Republican Party together raised more than $76 million in May, according to filings with the Federal Election Commission, while Obama and the Democrats brought in $60 million.

Obama campaign officials predict that Romney will also outdo Obama and the Democrats in June with a $100 million haul.

“I think Romney is going to continue to have big months,” an Obama campaign official, speaking on condition of anonymity, told reporters. “Combine that with the Super PAC stuff, and we are going to be the first incumbent outspent. That’s clear.”

Senior advisers in the Obama campaign told The New York Times that Romney and groups supporting him will spend $1.25 billion on television advertising.

“Republicans are betting they can win this thing on the air,” one adviser said. “Make no mistake, we will be outspent.”

On Wednesday, Romney enjoyed what campaign officials described as his single best day of fundraising yet, taking in between $6 million and $8 million during a swing through Michigan.

(more…)


Obama opens new attack on Romney’s jobs record

[Washington Examiner]

by Hayley Peterson Examiner Staff Writer

President Barack Obama speaks during the Presidential Medal of Freedom cereomny in the East Room of the White House, Tuesday, May 29, 2012, in Washington. (AP Photo/Carolyn Kaster)

As Mitt Romney’s campaign pounds President Obama’s stewardship over the economy, Obama is trying to flip the argument against his Republican opponent by slamming Romney’s own job creation record as governor of Massachusetts.

The Obama campaign’s new line of attack centers on a single statistic: Massachusetts ranked 47th in job growth when Romney was running the state between 2003 and 2007.

During that time, Massachusetts had a net gain of 39,700 nonfarm jobs, an increase of about 1.3 percent, according to U.S. Bureau of Labor Statistics. That was far below the national average of 5.3 percent growth at that time, according to the nonpartisan PolitiFact.com. Only Ohio, Michigan and Louisiana did worse than Massachusetts at the time.

The Romney campaign is not disputing the data. Instead, it’s highlighting a different set of facts: Massachusetts’ overall unemployment rate during Romney’s tenure actually dropped from 5.6 percent in January 2003 to 4.7 percent in January 2007.

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These Are The Countries With The Highest Income Tax Rates

[TheBlaze.com]

Unsustainable debt, monetary inflation, uneasy markets, quantitative easing — the health of the global economy is on everyone’s mind.

Why? Because when coupled with massive amounts of public debt, weak economies usually lead to one thing: tax increases.

And it’s happening right now.

Just look at the eurozone where, desperate to address increasing deficits, several countries in the 17-nation union have increased personal income tax rates.

“Spain, for example, raised its personal tax rate by 2 percentage points to 45 percent last year and France’s newly elected Socialist Party is also proposing hiking taxes on the rich,” CNBC reports.

“Hike,” however, may be too kind a word. France’s newly-elected Socialist François Hollande wants to impose a 75 percent income tax on citizens earning more than $1.3 million. That’s a bit more than a “hike.” That’s an “ultra increase.”

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Sarkozy, Hollande Progress as Poll Shows Le Pen Wins 20% of Vote

[Newsmax.com]

 © 2012 Thomson/Reuters.

Posted: April 23, 2012

Socialist Francois Hollande and President Nicolas Sarkozy progressed to the second round of France’s presidential election as a record vote for the anti- immigrant National Front left the contest open.

Hollande got 28.4 percent of the first round of voting and Sarkozy won 25.5 percent, according to polling company Ipsos. The anti-euro Marine Le Pen won 20 percent, surpassing all recent opinion polls, the company said. Communist Party-backed Jean-Luc Melenchon got 11.7 percent, and self-styled centrist Francois Bayrou got 8.5 percent, said Ipsos.

But Le Pen’s record score of 19.6 percent was the sensation of the night, beating her father’s 2002 result and outpolling hard leftist Jean-Luc Melenchon in fourth place on 11 percent. Centrist Francois Bayrou finished fifth on less than 9 percent.

It was the first time a sitting president seeking re-election had been beaten into second place in the first round. But Sarkozy backers at his campaign headquarters chanted “We are going to win”, interpreting Le Pen’s score as more significant than Hollande’s narrow lead over the incumbent.

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THE FEDERAL RESERVE CARTEL: (Part 1) THE EIGHT FAMILIES

[LibertyNewsOnline.com]

By: Dean Henderson

January 20, 2012

(Excerpted from Chapter 19: The Eight Families: Big Oil & Their Bankers in the Persian Gulf… Part one of a five-part series)

The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP Amoco and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch.

According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation. [1]

(more…)


Greek Prime Minister Scraps Referendum on Greek Debt Plan

[FoxNews.com]

Associated Press

Published November 03, 2011

ATHENS, Greece –  Greece’s prime minister abandoned his explosive plan to put a European rescue deal to popular vote Thursday, keeping his government alive — but passionate squabbling in Athens left the country’s solvency in doubt and the eurozone in turmoil.

Prime Minister George Papandreou reversed course after a rebellion within his own Socialist party over the referendum, but ignored repeated calls to resign and call elections.

Panel weighs in on European crisis (Video Below)

Chaos persisted in the country that coined the term: Papandreou faces a critical vote of confidence in his government Friday as the Socialist rebellion still simmers. And the main opposition conservatives were not placated, insisting on his resignation.

Meanwhile, Greece’s cost of borrowing ballooned, with the interest demanded by markets to buy Greek 10-year bonds exceeding 31 percent — compared to 2 percent for European powerhouse Germany.

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“Obama’s lecture on the euro crisis … is overbearing, arrogant and absurd.”

[FloppingAces.net]

The Bild, A German Newspaper

September 28, 2011

Italy, Spain, Portugal, Ireland, and Greece are all vulnerable to default

Europeans are underwhelmed with the latest Obama Drama. With the sanctimonious attitude of a faux professor, Obama lectured Europeans on the importance of restoring fiscal responsibility to the European Union.

As humorous as it sounds, the Europeans found nothing to laugh about; in fact, they are insulted and indignant over the presumption of a profligate wastrel like Obama lecturing anyone concerning fiscal responsibility.

In California on Monday the 26th Obama warned the Europeans about their debt, stating that the European inaction was:

scaring the world. (That they)…have not fully healed from the crisis back in 2007 and never fully dealt with all the challenges that their banking system faced. It’s now being compounded by what’s happening in Greece. They’re going through a financial crisis that is scaring the world, and they’re trying to take responsible actions, but those actions haven’t been quite as quick as they need to be.

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Al Qaeda in Yemen Taking Advantage of ‘Arab Spring’ Fallout

[FoxNews.com]

By

Published September 14, 2011

Al Qaeda in Yemen is focused on attacks outside of the region, and as the Arab Spring unfolded across the Middle East the terror network’s most active and lethal affiliate took advantage of the political instability to further expand its operations in Yemen, senior Pentagon officials say.

“We are more concerned today than we were in December 2009,” a defense official said, referring to the failed underwear bomb attack by the Al Qaeda affiliate on Christmas Day.

The group, also known as Al Qaeda in the Arabian Peninsula or AQAP, has found a way to pursue both its regional goals of establishing an Islamic state along with its external operations. “They are not seen as mutually exclusive,” the defense official added.

(more…)


Obama’s joint-session effort yet another attempt at The Big Speech effect

Nate Beeler at the Washington Examiner frames the viewer choice perfectly for tonight:

HotAir.com

posted at 2:45 pm on September 8, 2011 by Ed Morrissey

To say that expectations are low heading into Barack Obama’s speech tonight to a joint session of Congress is to engage in the art of pointed understatement.  Never in the history of extraordinary joint-session speeches has so little been expected of a President.  Even before his joint-session speech two years ago on the topic of health-care reform, the White House stoked speculation that Obama had a new plan that would change the debate.  Instead, he delivered an ambiguous, rambling series of platitudes and generalities that created more problems for Democrats than it solved.

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Hastings: Obama energy policies “anti-American”

HotAir.com

posted at 11:15 am on June 25, 2011 by Jazz Shaw

We previously discussed the president’s rather… “interesting” decision to release part of the strategic petroleum reserve this week. It was a rather pointless, if not dangerous political maneuver which isn’t winning him any friends. Now the chair of the House Natural Resources Committee, Doc Hastings, has weighed in on the subject and he is less than pleased.

“The Strategic Petroleum Reserve is intended for situations when there’s a dramatic supply shut down, not to achieve short-term political gain.  However, this is a clear admission from the Obama Administration that increasing domestic oil supplies will help lower costs. Unfortunately, for the past two and a half years, the Obama Administration has consistently blocked efforts to expand American energy production and has actively placed moratoriums on domestic development.  This release will only cover a fraction of the oil production lost from the Gulf of Mexico due to the Administration’s moratorium and permitting delays.  The Administration’s anti-American energy policies have left the United States increasingly vulnerable to the whims of the world oil market and OPEC’s erratic decisions on oil supply.”

(more…)


Oops! Jan Schakowsky, Calling for Higher Taxes, Cites Source Who Collected $250,000 Earmark

Joel B. Pollak

BigGovernment.com

Posted Jun 7th 2011 at 12:26 pm

by Joel B. Pollak

Rep. Jan Schakowsky (D-IL) unwittingly highlighted the corruption inherent in congressional earmarks today, in an op-ed published in the Chicago Tribune.

Calling for Congress to “raise taxes on millionaires and billionaires,” Schakowsky quoted a constituent who supports her:

“Our country is not really broke,” said Cynthia Carranza, who directs a food pantry in Niles. Carranza has watched the increase in hungry people at her food pantry door even as government support for her program is slashed. “We’re an incredibly rich and prosperous nation. But our wealth is skewed to a very few fortunate at the top. We’re not broken, just twisted.”

Carranza’s support for government redistribution of wealth is no surprise. She may complain about the rich, but she has benefited richly from federal largesse: Carranza’s food pantry was the recipient of a $250,000 earmark requested by Schakowsky for FY 2011 in the run-up to last year’s congressional election.

(more…)


House Republicans File Bill to Repeal Tanning Tax

FoxNews.com

Published June 05, 2011

AP Photo

A group of House Republicans introduced legislation Friday to repeal the 10 percent tax on tanning services, saying the measure included in President Obama’s health care reform is a killer for small business owners.

“America’s small businesses and hard-working middle class should not have to foot the bill for Obamacare, said Rep. Michael Grimm, a freshman Republican from New York. “The health care law unfairly imposes onerous taxes, like the tan tax, on our nation’s business owners and consumers, slowing economic growth and costing jobs.”

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When Toasts to the Queen Go Bad


MichelleMalkin.com

By Doug Powers  •  May 24, 2011 10:18 PM

It’s been an interesting UK day for President Obama. Earlier he thought it was 2008, and now this.

Jake Tapper has the detailed description of what you have to see and hear to experience the full awkwardness of the moment, but here’s the short version: President Obama was delivering a toast to the Queen and the band misunderstood a pause for the president being finished speaking. The band began playing God Save the Queen — you know, England’s National Anthem — and Obama kept toasting during the song. I’m not completely up to speed on protocol, but judging from the Queen’s behavior I think that’s a total no-no. The order in which things were supposed to happen remains a mystery.

(more…)


With War Powers Act Deadline Looming, Libya Stalemate Continues

FoxNews.com

By Mike Emanuel

Published May 13, 2011

Mahmoud Jibril, representative for foreign affairs with the Libyan Transitional National Council, a political group opposed to the regime of Moammar Gadhafi, listens during a news conference in Washington, Wednesday, May 11. 2011.

AP2011 – Mahmoud Jibril, representative for foreign affairs with the Libyan Transitional National Council, a political group opposed to the regime of Moammar Gadhafi, listens during a news conference in Washington, Wednesday, May 11. 2011.

As a congressional deadline on military action in Libya looms next Friday, and both Republicans and Democrats on Capitol Hill question the mission, the situation on the ground is at a stalemate two months after the conflict started.

President Obama, through his constitutional authority with the War Powers Act, gave the go-ahead for the Libyan mission, which included military support on a United Nations resolution enforcing a no-fly zone. The administration however does not classify the conflict as a “war.”

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OBAMA’S PHONY OIL COMPANY TAX

DickMorris.com

By Dick Morris And Eileen McGann
05.12.2011

In a desperate effort to divert anger from his Administration over gas prices and to stop people from focusing on how his anti-drilling policies have caused us to be so vulnerable to these price fluctuations, President Obama is pushing anti-oil company rhetoric, demanding increases in oil company taxes. He is confident, in doing so, that the Republican aversion to any tax increase will lead them to shield big oil and incur populist wrath.

He’s right the GOP can’t approve raising oil company taxes and that their refusal to do so will raise the party’s negatives among a broad swath of the population.

But he’s dead wrong in believing that raising this issue will, in any way, make up for his failure to promote domestic drilling. Obama has been so outspoken in his demand that we move away from dependence on fossil fuels and so naively futuristic in depending on renewable energy to replace it, that the average motorist will still grit his teeth in anger at the president every time he gases up. People get that “drill baby drill” is the best and nearest term solution to high gasoline prices and they get that Obama is on the wrong side of the issue.

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Anti-Qaddafi Forces Say They Are Close to Talks Related to the Libyan Leader’s Departure

FoxNews.com

Associated Press

Published March 08, 2011

 

March 7: Smoke raises following an airstrike by Libyan warplanes near a checkpoint close to the anti-Libyan Leader Muammar al-Qaddafi rebels checkpoint in the oil town of Ras Lanouf, eastern Libya. (AP)

Representatives of forces opposing Muammar al-Qaddafi say they have received an offer to negotiate terms of the Libyan leader’s departure, but reports indicate that no envoy was sent to discuss that possibility with rebel forces.

In Benghazi, a spokesman for the newly created Interim Governing Council said a man who claimed to represent Qaddafi has made contact with the council to discuss terms for Qaddafi to step down. Mustafa Gheriani told The Associated Press the council could not be certain whether the man was acting on his own initiative or did, in fact, represent the Libyan leader.

(more…)


EU Approves Wide Sanctions Against Libya

FoxNews.com

Associated Press

Published February 28, 2011

Feb. 28, 2011: Libyan boys sitting on the cannon of a destroyed army tank celebrate the freedom of Benghazi, Libya. 

AP2011 – Feb. 28, 2011: Libyan boys sitting on the cannon of a destroyed army tank celebrate the freedom of Benghazi, Libya. 

GENEVA –  The European Union slapped its own arms embargo, visa ban and other sanctions Monday on Libyan leader Moammar Qaddafi’s regime, part of an escalating global effort to halt his bloody crackdown on critics in the North African nation.

In a series of fast-paced developments, France pledged to send two planes with humanitarian aid to Libya’s opposition stronghold of Benghazi while Germany mulled a two-month cutoff of oil payments to Qaddafi’s regime. The moves came after days of increasing protest against the hundreds, and potentially thousands, of deaths caused by Qaddafi’s military resistance against the popular uprising in his country.

EU foreign policy chief Catherine Ashton said the European measures, including a freeze on assets, aimed to reinforced the U.N. Security Council-mandated sanctions against Libya approved over the weekend.

(more…)


Talks With the Taliban Come at a Price For Women

FoxNews.com

By Conor Powell

Published February 21, 2011

KABUL, Afghanistan — An Afghan government proposal to take control of shelters for abused and battered women is raising new questions about its commitment to human rights and fighting the Taliban.

(more…)


Fox News reporters tell story of Egyptian beating

TheRIGHTScoop.com

Posted by The Right Scoop on Feb 7, 2011

Their story is quite gripping as Greg Palkot and Olaf Wiig tell how they were beaten nearly to death by Egyptian protesters. It’s one thing to watch the photos and the videos of the protests on TV but seeing the actual wounds on Palkot and Wiig’s heads brings a cold does of reality to the story.

Watch the latest video at video.foxnews.com


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