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Month: January 2017

Trump’s Withdrawal from TPP

Finance Investment Trading

As promised during campaign, Trump signed official withdrawal from TPP, effectively ending the negotiation with the potential Asian-Pacific partners. Killing TPP stems from the idea of the new administration that compared to the collective negotiations, individual negotiations with each country will lead to better ‘deals’ for the US. The opinions on TPP are polarized and …

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Can US Oil Imports from OPEC be Stopped?

Finance Investment Trading

Can US survive if OPEC oil imports are stopped? OPEC suppliers shrugged off the goal of new administration of cutting the oil imports from ‘hostile’ countries. The idea of oil independence was dismissed as total nonsense. Bloomberg reports: The U.S. is “closely integrated in the global energy market,” Saudi Arabia’s Energy and Industry Minister Khalid …

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Trump Administration May Purge Climate Science

climate science

Scientists are copying data, expecting possible purge of climate science by the new administration. Hours after the new administration took office all references to global warming and climate change disappeared from the White House website. Several government agency websites posting information and reports on global warming were also taken down. Below are a few excerpts …

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FHA Insurance Rate Cut Suspended

Finance Investment Trading

FHA insurance rate cut was suspended by HUD. The insurance rate cut was announced by the Obama administration on January 9 and scheduled to go in effect on January 27. The rate cut was justified by relative health of the fund with capital reserve reaching 2.35% compared to 2% required by law. The new Trump …

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China’s ‘Iron Fist’ Policy

China

As Chinese leaders preach openness and free market all around the world, their policy at home is quite opposite. While certain economic freedoms exist, the ruling Communist party is keeping total control over significant chunk of the industry, information space and judicial system. Bloomberg reports: Xi’s speech at the World Economic Forum came days after …

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