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Showing posts from November 19, 2015

Bloomberg Business Week - Nvember 19, 2015: Why ISIS Has All the Money It Needs Why ISIS Has All the Money It Needs Cam Simpson Matthew Philips Reprints   Weeks before the attacks that killed 129 people in Paris , U.S. warplanes resumed sorties above Syria and Iraq, targeting anew oil fields and other parts of a vast petroleum infrastructure that fuels—and funds—Islamic State, one of the richest terrorist armies the world has known. These airstrikes were launched not because U.S. officials were prescient. They came after the Obama administration found and quietly fixed a colossal miscalculation. U.S. intelligence had grossly overestimated the damage they’d inflicted during airstrikes on the militants’ oil production apparatus last year, while underestimating Islamic State’s oil revenue by $400 million. According to U.S. Department of the Treasury officials and data they released in the wake of the Paris mayhem, the terrorist group is actually taking in $500 million from oil a yea

Bloomberg News - November 19, 2015: China Has a $1.2 Trillion Ponzi Finance Problem. China Has a $1.2 Trillion Ponzi Finance Problem Bloomberg News   Chinese borrowers are taking on record amounts of debt to repay interest on their existing obligations, raising the risk of defaults and adding pressure on policy makers to keep financing costs low. The amount of loans, bonds and shadow finance arranged to cover interest payments will probably rise 5 percent this year to a record 7.6 trillion yuan ($1.2 trillion), according to Beijing-based Hua Chuang Securities Co., whose lead fixed-income analyst was top-ranked by China’s New Fortune magazine in 2012 and 2013. Dubbed “Ponzi finance” by Hyman Minsky, the use of borrowed funds to repay interest was seen by the late U.S. economist as an unsustainable form of credit growth that could precipitate financial crises.

U.S. Department of Commerce - Trade and investment - November 19, 2015.

Trade & Investment  ( 11/19/15 ) Weekly updates on what we're doing to expand the U.S. economy through increased exports and inward foreign investment. New Opportunities with TPP – Increasing U.S. Exports to Brunei 11/19/2015   (Guest post by Craig Allen, U.S. Ambassador to Brunei) When I arrived as U.S. Ambassador to Brunei in early 2015, my main goal was to strengthen the economic ties between our two countries. What I have since discovered is that Brunei is a little country with big potential. Export Classification Codes Part 1: Mixtures 11/18/2015  Have you ever had a question about the proper way to classify exports? With mixtures, kits, and parts, correctly classifying products can be especially tricky. U.S. Deputy Secretary of Commerce Bruce Andrews Underscores Importance of Combating Corruption in APEC Economies 11/17/2015 Today, U.S. Deputy Secretary of Commerce Bruce Andrews underscored the importance of combating cor

The Guardian | World | Europe | Paris Attacks - November 19, 2015: Paris Attacks Latest Summary Hollande to Intensify Air Strikes in Syria and Iraq. Paris attacks: Hollande to intensify airstrikes in Syria and Iraq Ben Doherty Aprox. 21m ago 21:11 Latest summary Hollande to intensify air strikes in Iraq and Syria After a meeting with his defence council, Hollande announced the intensification of strikes targeting Isis in the Middle East . French PM Manuel Valls has said that France has launched an inquiry to determine how Abdelhamid Abaaoud entered France . “One can always cross borders. There are no sealed borders nor zero risk.” Earlier, Valls warned the network of extremists who targeted Paris may use chemical and biological weapons in future France’s national assembly approved the extension of the state of emergency for three months. The chief of Europe’s policing co-ordination network says at least 2,000 Europeans are foreign fighters who have travelled to Syria or Iraq, with 10,000 names on the EU database. The US House of Representatives approved a bill to