“China’s economic expansion has been beating expectations since the second half of last year, boosting demand for all kinds of commodities,” Guo Chaohui, an analyst with Beijing-based China International Capital Corp., said by phone. “We are expecting continued strength in economic growth in 2018 which will keep up the nation’s import appetite.”Click here to download a pdf of this article, Missile.pdf
"The mainland will surely act to make sure Taiwan and the U.S. pay the price for their high-level exchanges," said a Wednesday op-ed published by The Global Times, a nationalistic arm of the Communist Party media apparatus.
"Beijing's diplomatic retaliations toward Washington will come from all sides," it continued. "This will multiply exponentially the costs for the U.S, of handling global affairs and make the country profoundly realize that the Taiwan question is the Chinese mainland's bottom line that it cannot afford to touch."Click here to download a pdf of this article, Missile.pdf
The market for U.S. government bonds is becoming less attractive relative to other assets, and trade tensions with the U.S. may provide a reason to slow or stop buying American debt, the thinking of these officials goes, according to the people, who asked not to be named as they’re not allowed to discuss the matter publicly. China’s State Administration of Foreign Exchange didn’t immediately reply to a fax seeking comment on the matter.Click here to download a pdf of this article, Missile.pdf
New data from Mexico's auto industry show the country exported 2.33 million vehicles to the U.S in 2017, an increase of 9.4 percent. In addition, 75 percent of the vehicles exported from Mexico wound up being sold in the U.S., far outpacing the next most popular destination, Canada, which received just more than 8 percent of the vehicles shipped out of Mexico.Click here to download a pdf of this article, Missile.pdf
The government has been running on autopilot since the fiscal year began Oct. 1, relying on a series of short-term measures that have kept the government running at last year’s funding levels. The tangle of other issues and the looming deadline makes yet another stopgap bill almost inevitable.
A key test will be whether Democrats and Republicans can agree to add other items to the new stopgap, including a two-year agreement to raise budget caps, changes to immigration laws, funding for natural disasters, and health-care law revisions. Unlike the tax cuts enacted by the GOP in December, Republicans will need votes from Democrats, and significant differences remain in each area, particularly immigration.
Like the retail version of the movie Groundhog Day, Sears Holdings is starting out 2018 the same way it started out 2017. Four days into the new year, Sears just announced the closing of 103 stores. Last year on this date it announced 150 store closings.Click here to download a pdf of this article, Missile.pdf
“It is important that we achieve a two-year agreement that funds our troops and provides for our national security and other critical functions of the federal government,” Senate Majority Leader Mitch McConnell and House Speaker Paul Ryan said in a statement issued jointly with the White House. “It also remains important that members of Congress do not hold funding for our troops hostage for immigration policy.”Click here to download a pdf of this article, Missile.pdf
It’s not just that almost nobody is driving electric vehicles right now. Only 1 percent of the global market has gone electric, and the number is even smaller in the U.S.
U.S. drivers now lease almost 80 percent of battery electric vehicles and 55 percent of plug-in hybrids, according to Bloomberg New Energy Finance. The lease rate for the country’s entire fleet hovers around 30 percent. (There’s one blank spot in the data: Tesla does not divulge how many of its vehicles are leased, and since it sells its cars directly rather than through dealerships, the company doesn’t have to.)
“The (Trump) administration has already been willing to say: ‘We’re going to increase non-defense discretionary spending ... by about 7 percent,'” Meadows, chairman of the small but influential House Freedom Caucus, said on the program.
“Now, Democrats are saying that’s not enough, we need to give the government a pay raise of 10 to 11 percent. For a fiscal conservative, I don’t see where the rationale is. ... Eventually you run out of other people’s money,” he said.
Click here to download a pdf of this article, Missile.pdf
"Why would we look at the speck in Washington’s eye and ignore the boulder in our own?" New Jersey state Senator Joe Pennacchio said in a telephone interview.
High tax state lawmakers take a look at adjusting their own tax regimes.
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