A new global trade agreement that eliminates tariffs on more than 200 kinds of IT products should result in lower prices to technology buyers around the world as it is implemented over the next three years.
The tentative deal, struck on Friday at a World Trade Organization meeting in Geneva, affects a wide variety of products ranging from smartphones, routers, and ink cartridges to video game consoles and telecommunications satellites. It covers US$1.3 trillion worth of global trade, about 7 percent of total trade today.
This is one of those pieces of Snooze Inducing News that could very well turn out to be A Great Big Hairy Deal. Free trade is a win-win for the nations involved, so this could potentially help alleviate the real nasty recession that’s careening down the pike at us.
A complete list of the products covered range from the excessively specific to the frustratingly general (“memories”). But a whole lot of them look related to semiconductors and semiconductor manufacturing equipment, an industry that American and Japanese companies dominate. (Almost makes me wish I hadn’t sold all my Applied Materials stock. Almost.)
“The past two years have been the most violent and repressive in Egypt’s contemporary history.” True, but by and large the Egyptians themselves don’t seem to mind. Why?
Yet despite this bleak security outlook, Egypt is more politically stable than it’s been in years. Unlike the divided regimes that collapsed in the face of mass protests in January 2011 and June 2013, the Sisi regime is internally unified. And the various state institutions and civil groups that constitute the regime will likely remain tightly aligned for one basic reason: they view the Muslim Brotherhood as a significant threat to their respective interests and thus see the regime’s crackdown on the organization as essential to their own survival.
Lucky for Egypt (and the world) that Morsi and his Muslim Brothers were such idiots. They could have gotten a lot further Islamicising Egypt had they followed Erdogan’s incrementalist model…
Today will be full of Stuff. And Things. So enjoy a LinkSwarm!
Barack Obama, the MegaBanker’s friend. “Three top Democrats are accusing the Department of Housing and Urban Development of quietly removing a key clause in its requirements for taxpayer-guaranteed mortgage insurance in order to spare two banks recently convicted of federal crimes from being frozen out of the lucrative market.”
How Uber is taking on Bull De Blasio. Man, Democrats hate it when you threaten the profits of their favored entrenched monopolies.
Return to the joyous heydays of lesbian feminists collective. “Sitting in endless meetings, unable to reach agreements, and taking days to produce one leaflet because someone objected to the word seminal.” Can’t imagine why they didn’t take the world by storm…
All the people who should sue Gawker. It’s a lengthy list. Plus this: “Gawker is the kind of place where they hold up pictures of Sabrina Erdely and say: ‘Now this is how you do it!”
Another bracing rant on subjects progressives are unwilling to discuss honestly without exploding (race, culture, Islam, etc.) from Britain’s best atheist comedian:
Via ZeroHedge comes renewed information of a point I’ve hit home again and again: Thogh Greece is an extreme outlier on unsustainable welfare state spending in Europe, it’s also the canary in the coal mine, as toxic debt continues to rise all across Europe, with several countries exceeding a debt-to-GDP ratios of over 100%, including “Greece (168.8%), Italy (135.1%) and Portugal (129.6%).” Post-bailout (and bail-in) Cyprus is still over 100% as well, as is Ireland, though Eurostat didn’t have Irish DGP numbers, though supposedly the ratio should be trending down. And Spain and France are hovering just under 100%.
To my mind the great mystery is how Belgium’s debt-to-GDP ratio now tops 111% with such a fat cushion of Brussels Eurocrats to sit on.
The problem is not Greece’s only. The problem is that the western liberal welfare state, as currently constituted, is economically and demographically unsustainable.
I’m sure I’ve driven this point home to regular readers of this blog, but I’ll continue driving it home until our leadership class is actually willing to do something about it…
That’s the headline I wanted The New York Post to put on this scandal. Since they have thus far declined to, I guess I’ll just have to do it myself…
“We don’t want to be accused of selling tissues.” Well then, why don’t you, oh, I don’t know, refrain from selling organs from aborted babies?
And this is a follow up to their first video:
(And for those who have charged these videos are unfairly edited, here are the full videos of each.)
Now, I don’t tend to report much on the abortion debate, save the occasional LinkSwarm piece or when Democrats break their pro-life promises. I don’t think the issue is resolvable via the political process, involving as it does two absolutes, and though I consider myself moderately pro-life, I imagine the majority of he pro-life movement would find me entirely too “squishy” on the subject.
But the most recent revelations are definitely hardening my position on Planned Parenthood. I was always in favor of defunding it, and neither abortions or birth control should receive any government subsidies at all, much less federal subsidies, as it’s not a constitutionally enumerated power. But now I think all government, at all levels, shop drop all official ties with Planned Parenthood, Democrats should constantly be questioned and attacked over their support of it, and those officials of Planned Parenthood breaking the law on human organ trafficking should be arrested, convicted and imprisoned.
Been a while since I took a look at the last region of Texas where Democrats still wield political power: the Rio Grande Valley. What’s going on down there these days?
The Rio Grande Valley is considered the most corrupt area in the country, according to the latest statistic from the U.S. Department of Justice.
The Valley has the highest number of federal public corruption convictions. In 2013, 83 cases received guilty verdicts or pleas. The FBI since launched their anti-corruption task force.
They’re called politiqueras — a word unique to the border that means campaign worker. It’s a time-honored tradition down in the land of grapefruit orchards and Border Patrol checkpoints. If a local candidate needs dependable votes, he or she goes to a politiquera.
In recent years, losing candidates in local elections began to challenge vote harvesting by politiqueras in the Rio Grande Valley, and they shared their investigations with authorities. After the 2012 election cycle, the Justice Department and the Texas attorney general’s office filed charges.
“Yes, there is a concern in which the politiqueras are being paid to then go and essentially round up voters and have them vote a certain way,” says James Sturgis, assistant U.S. attorney in McAllen.
In the town of Donna, five politiqueras pleaded guilty to election fraud. Voters were bribed with cigarettes, beer or dime bags of cocaine. In neighboring Cameron County, nine politiqueras were charged with manipulating mail-in ballots.
Funny how much of that voter fraud Democrats claim doesn’t exist there is. (Hat tip: Push Junction.)
From the same series: How the drug trade turns good cops bad, focusing on Jonathan Treviño, former head of a Hidalgo County narcotics squad who’s now doing 17 years in prison
Still another piece from the same series: “Jonathan Treviño’s father, Lupe, who was Hidalgo County’s powerful and popular sheriff, is serving a five-year prison term for a separate conviction. He admitted taking $10,000 in illegal campaign contributions from a drug trafficker known as The Rooster, with ties to the Gulf Cartel.” Plus an estimate that 20% of the border’s economy is based on drugs. NPR guesses this estimate is too high; I would guess it’s probably low.
Speaking of which: “The Hidalgo County Sheriff’s Office blocked auditors from investigating whether or not former Sheriff Lupe Treviño’s administration allowed county workers to fraudulently report they worked extra hours — and rack up so-called ‘comp time’ they could spend campaigning for him.”
And this was at the direction of former Sheriff’s Office Cmdr. Jose Padilla, who “himself pleaded guilty to working with a Weslaco-based drug trafficker named Tomas ‘El Gallo’ Gonzalez, talked about the time card tampering allegations during a videotaped interview with anti-corruption activists.”
“Two former Hidalgo Housing Authority officials have plead guilty to bribery this afternoon. Sixty year-old Susana Mungia and 53-year-old Lubina Pedraza both admitted in Federal court to have engaged in a bribery scheme, after they had solicited and received money in exchange for allowing people to skip the waitlist and immediately obtain housing assistance.
“A Starr County justice of the peace facing bribery and cocaine charges has been forced off the bench until further notice, state officials ordered Monday. The Texas State Commission on Judicial Conduct ordered Salvador Zarate suspended without pay until further notice, according to court documents. Zarate, 62, the Place 3, Place 1 justice of the peace, is accused of taking $500 to lower two defendants’ bond on Christmas Eve.”
Pension payments to Chicago public union employees have become so high that today all the property taxes paid by the households of Chicago go exclusively to pensions.
Adultery website Ashley Madison hacked, and “37 million clients” could be blackmailed. (I’m guessing that’s more like 15 million male clients and 22 million fake female profiles.) Golly, who could have possibly seen that coming? Except, of course, everyone who’s ever worked in the computer industry…
Last week, the New York Timesseemed as determined to keep Ted Cruz’s new book A Time For Truth off their bestseller list as the BBC was to keep the Sex Pistol’s “God Save the Queen” out of the #1 spot on the singles chart during the Queen’s Silver Jubilee.
They claimed Cruz’s book was only eligible for the list due to “bulk sales.” There was just one tiny little problem with that theory: It wasn’t true.
“HarperCollins Publishers has investigated the sales pattern for Ted Cruz’s book A Time For Truth and has found no evidence of bulk orders or sales through any retailer or organization,” the publisher said in a statement [last] Friday.”
Also this:
“The Wall Street Journal, USA Today, the Chicago Tribune, Publisher’s Weekly, and Barnes & Noble all included A Time For Truth on their bestseller lists, with most placing it at #4 for nonfiction.”
Not only was Cruz in the right, he stood to benefit just by picking the fight. “For a conservative presidential candidate, the New York Times—an emblem of liberal elitism, right up there alongside arugula, the Toyota Prius and San Francisco—is a perfect foil.” (Also: “As it happens, A Time For Truth is a good read—especially by the dismal standards of the genre.”)
Yesterday, Ted Cruz was able to declare victory: “Five days after accusing The New York Times of bias, secrecy and foul play, Ted Cruz is finally getting what he wanted: a highly coveted spot on the paper’s bestseller list. Cruz’s memoir, A Time For Truth, will appear at No. 7 on the Times‘ list for hardcover nonfiction, reflecting its second-week sales, a Times spokesperson confirmed on Wednesday.”
Two more nuggets:
“Both HarperCollins, the book’s publisher, and Amazon, the largest Internet retailer in the country, said last week that they had found ‘no evidence’ that bulk purchases drove the book’s sales numbers. On Friday, Cruz campaign spokesperson Rick Tyler accused the Times of ‘obvious partisan bias,’ and called on the paper to reveal its methodology or else publicly apologize.”
“A Time For Truth was published on June 30 and sold 11,854 copies in its first week, according to Nielsen Bookscan’s hardcover sale numbers — more than 18 of the 20 titles that appeared on the bestseller list for the week ending July 4.”
