I hope the people of Paraguay are ok. These giant assholes egotistical presidents (and CEOs for that matter ) leave a similar hallmark of destruction wherever they are;

" The impact on ordinary Paraguayans was perhaps even wider reaching. The media freeze meant 300 workers had their salaries suspended, initially for 90 days. About 32,000 pensioners whose public pension funds had been invested in the bank were left without payments."

anyone keeping up with how many officials have been “reorganised”, yet again ?

Never realised there have been 570 atacks already ( and 40 deaths) on commercial ships. Mainly in the Black Sea and in the Red Sea.

Tbh nothing weird going on imo It’s the Pig cycle economics, but 100 years later. Though probably the first one was the infamous Tulip Mania crisis in the 1630s.

" Just like all other Chinese manufacturers, (chipmakers and AI suppliers) will eventually end up in a price war," said fund manager Wang ​Zhuo, partner at Shanghai Zhuozhu Investment Management. “There’s no exception,” he said. “All bubbles inevitably burst.”

It just happens intenser in China due to their unified approach and Gvment pushes.I.e what the Party wishes.

Yeah, this article reads as sputnik/tass propaganda.

According to Folha de Sao Paulo. Lula has basically won with 98% counted!

Update: He has won.

Everyone is always the hero in their own story.

So true. I vote for “Comment of the week” award.

Also TIL: found this origin story link

Good news. Yet, the annual deforestation rate is still a bit lower than the previous record low by 1,236 sq km, equivalent to an area the size of Rio de Janeiro.

@OP your link must be this one

Tnx and correct. I just checked and this article is also within the other I linked in red letters at the top. Could be something got updated or so, idk.

Not looking good at all. According to yesterday’s Guardian, negotiations are futile:

“The calamitous collapse of trade negotiations between Canada and the United States is a warning to nations worldwide that pursuing any kind of dialogue with the current US administration is doomed at the outset, according to observers who say this recent episode indicates seeking a fair deal is futile.”

Afaik, there are however competing views of how to create a more backed low interest system on par with Northern European interest rates like the Blue Bond proposal ( see Bruegel or see this link).

The difference between the two rates does kind of illustrate why there are German objections to Eurobonds.

How so, could you elaborate how you see euro bonds working?
Imo, the inverse is equally true. Ergo, an avarage lower interest rate could benefit more countries and people But it’s only true when there is a solid EU fiscal/monetary policy in place. If not, then your rationale holds, I’d think.

Slavery is outlawed in all cases EXCEPT as punishment for crimes committed.

Imo that’s quite fucked up. Then wiki says;

" The Thirteenth Amendment exempts penal labor from its prohibition of forced labor. This allows prisoners who have been convicted of crimes (not those merely awaiting trial) to be required to perform labor or else face punishment while in custody."

Basically legal slavery is still existing in the US.

According to the Guardian:

“Canada, Mexico, Australia, EU, UK and China among dozens of economies listed in US president’s renewed ⁠effort of near-global import taxes after supreme court struck down his ‘liberation day’ tariffs”

Swift isnt visa/mastercard its something else.

Yes, I should have put it down more nuanced. I’ll update it.

Regional Powers like Brazil, India, China and the EU are moving away from Swift which is under US majority control , and/or the US owned Mastercard/Visa system ( #E):

“The rise of “sovereign” systems, especially in Europe, a big source of Visa’s and Mastercard’s international business, could erode their enviable operating margins of over 50%. In their latest annual reports, both companies brought up “preferential” treatment of domestic payments systems as a risk to business. That may be one reason why investors have lately been lukewarm about the two giants, despite healthy earnings. After a sustained climb starting in 2023, their share prices have declined in the past year (see chart).”

#edit see comment

To add on top

i’ve been keeping my eyes on the sudden solar (flare) activity . Seems there is a correlation due to the heat, radiation etc, and tectonic activity.

There is a lot happening in those faults lately. I’m worried it’s started a chain reaction around the larger “Caribbean” area. Venezuela, Antilles had some shakes, and Mexico now.

Lol, you had me worrying that I had mixed up the names.