july16,2025:Snapshots, links, tags - news and analyses, by @vanres74 [draft]
know more:
https://vanres1974.blogspot.com/2025/07/july162025Snapshots.html
"The #BRICS group is diverse. Members lack a common #ideology and have different and sometimes even conflicting goals. That is the meaning of #multipolarity—a point often missed by #Western critics who identify as potential weaknesses the “questions about the shared goals” and the “increasingly heterogeneous” nature of a group that is “divided.” When #TheGuardian says that the “recent rapid expansion… has diluted its coherence as a body,” it is misunderstanding the entire meaning of multipolarity"
"“#CentralBanks are increasingly buying #gold from local #mines as prices surge…
“Besides being cheaper, securing gold directly from mines helps support local industry and bolsters reserves without weighing on foreign exchange reserves, experts said… Nineteen out of 36 respondents in the #WorldGoldCouncil ’s latest central bank survey said they are buying gold directly from domestic artisanal and small-scale gold miners in local currency.”
https://climateandeconomy.com/2025/07/16/16th-july-2025-todays-round-up-of-economic-news/#:~:text=%E2%80%9CCentral%20banks%20are,record%2Dprices
.html
"And there are signs the drama in the House is escalating even further. Rep. #MarjorieTaylorGreene is now working to force a vote on the floor that would require the Justice Department to release all #Epstein -related documents"
She has joined Rep. #ThomasMassie — a fellow #Republican hardliner and a frequent Trump agitator — on the push, which will use a congressional workaround known as a discharge petition to try to defy party leaders and force a vote with #Democrats ’ help. That would require at least 218 signatures from House lawmakers to move forward. (Another #Trump friend-turned-foe, Elon #Musk, gave a thumbs-up to the effort on Wednesday.)
...
Others in Congress have issued calls for public testimony from #GhislaineMaxwell, the onetime Epstein associate who is serving a 20-year prison sentence in Florida for conspiring to sexually abuse minors. Boebert has called for appointing a special counsel to investigate, but when CNN asked Trump about that possibility Wednesday he replied: “I have nothing to do with it.”
...
The pressure to release more information has mostly fallen on #Bondi, who said earlier this year she had a list of Epstein’s clients sitting on her desk, but whose department later said in its memo no such list existed. Bondi said last week she was referring to other documents at the time.
"Chinese Government Tries to Combat Destructive #Deflation. Will It Succeed?
Posted on July 16, 2025 by Yves Smith
We’ve had readers vigorously attempt to deny that there is such a thing as overinvestment and too much capacity. Yet we are seeing precisely that pattern play out in #China, as its officials increasingly hector companies in a broad swathe of industries to stop cutting prices to preserve domestic market share. The reason for the alarm is that deflation, when it takes hold, is both more destructive and harder to combat than #inflation.
China fans are particularly hostile to suggestions that there is anything amiss in the #MiddleKingdom. Yet here, the ever-sharper criticism is coming from Xi on down. So a knee-jerk rejection is not a well-informed response"
“Post-Crisis Rules to Keep Banks Safe Are on the Way Out. On both sides of the Atlantic, there is a new willingness to rethink tough banking regulations…
“Memories have faded from the crisis, when thinly capitalized banks, stuffed with toxic mortgages, fell prey to a confidence crisis that sank the global economy. Governments, eager to spur growth, also see reduced regulation as a way to juice the economy.”
https://www.wsj.com/finance/banking/financial-crisis-bank-regulations-lobbying-ef9bb0b4
"“Bond Traders Boost Bearish Bets as US 30-Year Yields Eclipse 5%.
“A bearish tone is taking hold in the Treasury market amid worries over the risk of tariff-fueled inflation and increased government spending in some of the world’s biggest economies.”
https://www.bloomberg.com/news/articles/2025-07-15/bond-traders-boost-bearish-bets-as-us-30-year-yields-eclipse-5"
https://climateandeconomy.com/2025/07/16/16th-july-2025-todays-round-up-of-economic-news/#:~:text=%E2%80%9CBond%20Traders%20Boost,yields%2Declipse%2D5
"“#Japan’s 10-year yield hits highest level since 2008 financial crisis…
“In the run-up to Sunday’s #japanelection, voters have expressed dissatisfaction with
rising #inflation,
low wage growth and
high #taxes,
leading to a wave of support for previously marginal parties that have pledged
more spending,
cash handouts and
cuts to the consumption tax.”
https://www.ft.com/content/22006e52-7016-4a20-bb5c-99feefc29bd0"
https://climateandeconomy.com/2025/07/16/16th-july-2025-todays-round-up-of-economic-news/#:~:text=%E2%80%9CJapan%E2%80%99s%2010%2Dyear,4a20%2Dbb5c%2D99feefc29bd0
“France’s belt-tightening plan to avoid being ‘crushed’ by mounting debt.
“French Prime Minister #FrancoisBayrou on Tuesday announced a plan to steady #France ’s creaking public finances, outlining 43.8 billion euros ($50.88 billion) in #deficit reduction measures in 2026, and proposing cutting two bank holidays to spur growth.”
https://www.reuters.com/world/europe/frances-belt-tightening-plan-avoid-being-crushed-by-mounting-debt-2025-07-15/
“#UK a ‘powder keg’ of #socialtensions a year on from summer #riots, report warns.
“A report from the thinktank #BritishFuture and the social cohesion group #BelongNetwork found that a year on from last summer’s riots, there was a risk of #unrest being reignited unless urgent action was taken to address issues of #polarisation and division.”
https://www.theguardian.com/uk-news/2025/jul/15/social-tensions-british-people-polarisation-research
"“Poland is facing a financial crisis.
“Despite #Poland’s strong economy—marked by
#growth,
low #unemployment,
and high #defense spending
—” @BerlinerZeitung ” warns of a looming #financialcrisis. Journalist @KlausBachmann compares Poland’s situation to #Greece ’s 2008 crisis, blaming
excessive #socialspending and
mounting #debt.”
https://vanres1974.blogspot.com/2025/07/july162025Snapshots.html
https://wbj.pl/berliner-zeitung-poland-is-facing-a-financial-crisis/post/146589"
https://climateandeconomy.com/2025/07/16/16th-july-2025-todays-round-up-of-economic-news/#:~:text=%E2%80%9CPoland%20is%20facing,crisis/post/146589
“Europe is exploring using frozen Russian assets to pay for Donald Trump’s $10 billion (£7.4 billion) weapons package for Ukraine, the Telegraph can disclose.
“Under the plan, profits generated from almost €200 billion (£173 billion) of Russian Central Bank assets seized by the European Union could be used as part of the bloc’s contribution to the new war chest.”
https://www.telegraph.co.uk/world-news/2025/07/15/frozen-russian-assets-to-pay-for-trump-ukraine-weapons/
“#U.S. secondary #sanctions on #Russianoil would most likely lead to a sharp increase in global energy prices, putting upward pressure on global inflation, ultimately hurting U.S. consumers, something Trump is loath to do. In effect, investors are betting that the more extreme a Trump threat is, the less likely it is to be realized. That may be a decent bet, but it’s also a risky one.”
https://www.reuters.com/markets/commodities/markets-call-trumps-bluff-russian-oil-sanctions-increasingly-risky-game-2025-07-15/
"“China’s insertion into India-Pakistan waters dispute adds a further ripple in South Asia.
“…in an apparent move to counter India’s suspension of the treaty, China and Pakistan have ramped up construction of a major dam project that would provide water supply and electricity to parts of Pakistan.”
https://theconversation.com/chinas-insertion-into-india-pakistan-waters-dispute-adds-a-further-ripple-in-south-asia-258891"
https://climateandeconomy.com/2025/07/16/16th-july-2025-todays-round-up-of-economic-news/#:~:text=%E2%80%9CChina%E2%80%99s%20insertion%20into,south%2Dasia%2D258891
"“Iraq’s Worsening Electricity Crisis Risks Fueling Bigger Protests.
“Iraq’s electricity crisis will worsen following the halt of Iranian electricity imports and could escalate sharply if Iranian gas supplies are disrupted, further
undermining electricity generation,
disrupting businesses and
triggering protests.”
https://worldview.stratfor.com/article/iraqs-worsening-electricity-crisis-risks-fueling-bigger-protests"
https://climateandeconomy.com/2025/07/16/16th-july-2025-todays-round-up-of-economic-news/#:~:text=%E2%80%9CIraq%E2%80%99s%20Worsening%20Electricity,fueling%2Dbigger%2Dprotests
"“Eritrea, Ethiopia – Tigray readies its military leadership for war.
“At a time of rising tensions between Ethiopia and Eritrea, the Tigrayan leaders are reorganising their military chain of command in preparation for a possible conflict.”
https://www.africaintelligence.com/eastern-africa-and-the-horn/2025/07/16/tigray-readies-its-military-leadership-for-war,110479009-art"
https://climateandeconomy.com/2025/07/16/16th-july-2025-todays-round-up-of-economic-news/#:~:text=%E2%80%9CEritrea%2C%20Ethiopia%20%E2%80%93%20Tigray,war%2C110479009%2Dart
https://x.com/vanres74/status/1945612227186225641
https://bsky.app/profile/vanres74.bsky.social/post/3lu4unjwp3c23
july16,2025:Snapshots, links, tags - news and analyses, by @vanres74 [draft]
#epstein
#clientlist
#trump
#MarjorieTaylorGreene
#ThomasMassie
#Musk
#GhislaineMaxwel
#PamBondi
#china
#deflation
#overcapacity
#japanElection
#BRICS
#tarifs
#sanctions
know more:
https://vanres1974.blogspot.com/2025/07/july162025Snapshots.html
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