Escobar On China: One Country, Two Sessions, Three Threats

Escobar On China: One Country, Two Sessions, Three Threats Tyler Durden Sun, 05/24/2020 – 23:30 Authored by Pepe Escobar via The Saker blog, The key takeaways of the Two Sessions of the 13th National People’s Congress in Beijing are already in the public domain. In a nutshell: no GDP target for 2020; a budget deficit of at least 3.6% of GDP; one trillion yuan in special treasury bonds; corporate fees/taxes cut by 2.5 trillion yuan; a defense budget rise of a modest 6.6%; and governments at all levels committed to “tighten their belts.” The focus, as predicted, is to get China’s domestic economy, post-Covid-19, on track[…]

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Get Ready For Disinfected Dice As Vegas Plans Reopening 

Get Ready For Disinfected Dice As Vegas Plans Reopening  Tyler Durden Sun, 05/24/2020 – 23:00 Nevada’s gaming industry could reopen as soon as June 4, Gov. Steve Sisolak stated Friday. The Nevada Gaming Control Board will meet next week with health officials to determine which sanitation protocols are needed at casinos before reopening.  “The board is firmly aware of its statutory duty to protect the public health and welfare of the Silver State’s citizenry while allowing the gaming industry to flourish through strict regulation,” Sisolak said in a statement. Additionally, the Gaming Control Board will meet Tuesday & will consider any action[…]

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China Sets Yuan Fix At Weakest Since 2008

China Sets Yuan Fix At Weakest Since 2008 Tyler Durden Sun, 05/24/2020 – 22:32 Just hours after China’s Foreign Minister Wang Yi warned that “some” in America were pushing relations to a “new Cold War”, Beijing made it clear how it intends to retaliate in this new paradigm: by doing the one thing that infuriates Trump more than anything, devaluing its currency. After the PBOC fixed the yuan at 7.0939 on Friday, the PBOC set the Monday USDCNY midpoint at 7.1209, which was not only weaker than the expected fix of 7.1205 but the weakest fixing since 2008. Zooming in on[…]

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Dreaming Of Visiting Japan? The Government Might Pay Half Your Expenses To Jumpstart Tourism

Dreaming Of Visiting Japan? The Government Might Pay Half Your Expenses To Jumpstart Tourism Tyler Durden Sun, 05/24/2020 – 22:30 Authored by Elias Marat via TheMindUnleashed.com, If you’re currently stuck at home and facing government lockdown orders in response to the coronavirus pandemic, we won’t blame you if you’re currently fantasizing about the vacations you want to take once the world returns to relative normalcy. While books, YouTube travel vlogs, and even open world video games offer great distractions, in many ways they also offer serious fuel to our wanderlust – inspiring us to do nothing more than get out[…]

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Gun Battle Unfolds At Residential Complex Near Moscow

Gun Battle Unfolds At Residential Complex Near Moscow Tyler Durden Sun, 05/24/2020 – 22:05 A gun battle unfolded at a residential complex called “Yasny” in the south region of Moscow on Sunday, reported TASS News. Residents saw men firing AK-47s and other weapons on the streets below their windows.  BREAKING #Russia Several armed men involved in shooting in the residential center Yasny, #Moscow. One man arrested. No victims reported@StateDept @MossadNews @Rose45R1237 @rnovoa @MFS001 pic.twitter.com/kLA19BeU03 — Rosanna (@RosannaMrtnz) May 24, 2020 “On the territory of Yasnoy, unidentified people opened fire on each other. At present, the police put on the wanted list cars that are supposedly[…]

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“Nothing Can Justify This Destruction Of People’s Lives”

“Nothing Can Justify This Destruction Of People’s Lives” Tyler Durden Sun, 05/24/2020 – 21:40 Via Spiked-Online.com, Countries across the world have been in lockdown for months in response to the coronavirus pandemic. The costs of the policy are enormous – in terms of life, liberty and the economy. But is it worth it to save lives? Yoram Lass was once the director-general of Israel’s Ministry of Health. Lass is a staunch critic of the lockdown policy adopted in his native Israel and around the world. He has described our response to Covid-19 as a form of hysteria. spiked caught up with him to[…]

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The Fed Is Now The Proud Owner Of Bankrupt Hertz Bonds

The Fed Is Now The Proud Owner Of Bankrupt Hertz Bonds Tyler Durden Sun, 05/24/2020 – 21:27 On March 23 – the day the S&P dropped to its cycle low of 2,237 –  the Fed stunned capital markets when it announced it would purchase investment grade corporate bonds, traversing a Rubicon into secondary market intervention that not even  Ben Bernanke had dared to cross. A few weeks later, on April 9, the Fed doubled down by announcing it would purchase not only junk bonds from “fallen angel” issuers (an announcement which came just days after a quarter in which a[…]

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Young People Are Rushing To Leave Big Cities In Favor Of “Less Infected” Suburbia

Young People Are Rushing To Leave Big Cities In Favor Of “Less Infected” Suburbia Tyler Durden Sun, 05/24/2020 – 21:15 There’s no doubt that the long-lasting impact of the coronavirus pandemic will include a major shift in how consumers look at homebuying. In fact, have already reported here on Zero Hedge about how many are leaving the city in favor of life in the suburbs, since the virus has spread faster in city areas. Now, it looks as though the younger generation is following the cues of the older generation and doing the same. The effects could be pronounced, especially[…]

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Hong Kong Erupts: Tear Gas Deployed As Thousands Fill Streets To Oppose China’s National Security Law

Hong Kong Erupts: Tear Gas Deployed As Thousands Fill Streets To Oppose China’s National Security Law Tyler Durden Sun, 05/24/2020 – 20:55 After months of relative quiet amid the coronavirus pandemic, thousands of protesters flooded the streets of Hong Kong, defying the city’s ban on gatherings to voice their opposition to a new “national security” law proposed by Beijing which would threaten the city’s autonomy and the civil liberties of its residents. May glory be to thee, #HongKong! Call us terrorists, whatever you want, after the #WuhanVirus outbreak, #China has no more credibility in the world. #HongKongProtests #NationalSecurityLaw #StandWithHongKong pic.twitter.com/6K7J1eZ3D4[…]

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Trump Has Won the Propaganda War With China

Trump Has Won the Propaganda War With China Tyler Durden Sun, 05/24/2020 – 20:50 Authored by Tom Luongo via The Strategic Culture Foundation, Donald Trump has finally won a war. It’s a war he’s uniquely suited to fight, a propaganda war, and he’s successfully waged it on China through his command of Western media. Stating this doesn’t imply any kind of judgment on my part as to whether he should or should not have waged this war with China. He has and he has emerged victorious, thanks to his reframing the threat from COVID-19 as an evil Chinese plot to[…]

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