The 2020 has been the worst year of this century. The Coronavirus pandemic has crippled the majority of the global economies. The Covid-19 lockdowns still continue and there is a talk of the third wave coming in the spring of the 2021. The realism suggests that the position of the leaders of an individual states is not differing from the past experience.
The Russian Ministry of Economic Development announced new draft law pertaining the simplified procedure for the foreign nationals to obtain Russian residential permit. It should be noted, Ukrainian nationals can obtain Russian citizenship under the simplified procedure already without the need of the investment.
The European Union may impose anti-dumping duties on the Russian goods according their report. The provisions of the European Commission report on “significant distortions of market mechanisms in the Russian economy by the Government” can be used to introduce EU anti-dumping duties on Russian goods.
The president of China, Xi Jinping, made a statement that China needs to be united. He suggested for Chinese private companies to unite with the Communist Party of China. Furthermore, Xi stated that China expects a long-running economic and technological stand off with the United States.
Last month, China’s “President for Life,” Xi Jinping, pointed out in a speech the importance of saving food. According to the Chinese leader, “the phenomenon of waste in relation to food is appalling and distressing.” This is despite the fact, he says, that grain production in the country is growing from year to year.
The Committee on Foreign Affairs of the Jogorku Kenesh— the Supreme Council, or legislature of Kyrgyzstan— refused to consider draft laws on the Eurasian Economic Union until the issue of the Kyrgyz-Kazakh border is resolved. The border has been congested for several days, and today there are more than 300 trucks at the frontier.
Shipping perishable foods is an emerging market. Those working from home are ordering more frozen foods because they are easier to handle and cook. Here’s how to ship perishables if you’re thinking about starting this business.
Before you ship a perishable product, you have to ensure that the packaging is well-insulated. The package has to keep heat away from the product to prevent it from going bad. Here are a few shipping solutions for temperature-sensitive products:
Due to the coronavirus, there are large numbers of unemployed in the West and the fall of GDP is starting to emerge. Despite all of these factors the fall US presidential race is heating up. At this time the candidate for US President from the Democratic side is Joe Biden. However, the choices are not great on either side since the Democrats didn’t chose a dynamic younger candidate or Bernie Sanders, who has every chance of beating Trump.
The United States Nuclear Fuel Working Group published its finding pertaining to the need to restore the competitive advantage to the US. The group was established by US President Donald Trump. The precedent for the group’s creation was set in January 2018 when two US uranium mining companies filed an appeal with the Department of Commerce for the consideration of uranium supplies from Kazakhstan, Russia and Uzbekistan.
Currently there are over 3 million cases of coronavirus and over 211,000 dead around the globe. In the US there are over 1 million cases of the infected documented at present. Many nations are starting to reopen, including Italy. In the US some of the first states to reopen are Oklahoma and Georgia. However, many other states plan to open soon too, but with restrictions. The restrictions include wearing masks and people asked to be 6 feet apart. The US Guidelines on the reopening three phases here.
The world is not going to be the same after the COVID-19 pandemic. The US Government is working on quantifying the damages coronavirus caused to the economy and China’s liability. The projected number is over $10 trillion. Also, there is a discussion of US defaulting on debt to China. Even though many nations are slowly starting to reopen their economies and providing plans in phases to reopen, the virus is still here.
Finland might leave the European Union. The conundrum for Finland is that after the coronavirus pandemic, EU member nations will have financial difficulties. It is highly likely many EU member nations will also enter full recession. The way the EU functions, the debt is shared. Therefore, Finland has no desire to repay the debt of others.
In evaluating investment conceptions generally given the notion of the time value of mazuma (=money) over the projected time periods for investment and subsequently the expected earnings, simple analysis and valuation methods are generally predicated on discounting or not discounting cash flows (as in The following table is summarized) utilized.
China is rolling out its own state owned digital cryptocurrency DCEP (which stands for the /electronic payment system). It is otherwise known as China’s central bank digital currency project. The digital yuan is expected to function more like a counterpart to paper money than a cryptocurrency. Unlike Bitcoin, Etherium and other cryptocurrencies, the DCEP value is expected to remain stable. Of course, it is China, therefore there would be no chance of privacy and China’s Central Bank will be able to monitor every transaction.
The Kremlin warned the nation to be ready for a global economic crisis due to coronavirus. Russian numbers of infected continue to increase. In the US, it is now recommended for everyone to wear a mask or a scarf while outdoors.
British Queen Elizabeth II compared the coronavirus pandemic to World War II. Currently, the global crisis has a unique set of factors and certain circumstances. It is a multidimensional crisis that is triggered by the spread of the COVID-19 pandemic. Imbalances continue to expand, including manufacturing. Hence, there is a growing issues of import and export around the world.
The budget deficits, what the developed nations across the globe get to experience shortly, are an unrestrained attempt to pour more money into the economy at the expense of the state budget. This will create a competition in the public debt market and an increase in interest rates.
The public debt of many nations around the world is skyrocketing, amounting to more than their annual GDP. Debt servicing is already becoming a serous issue. This could be a setting for mass default.
Many economies also suffer from insufficient economic diversification. The global economy is widely acceptable when everyone works according to equal rules in their niches of the economic process. The decline in the service sector, which in some countries accounts for 60-70% of the economy, almost guarantees huge turbulence in the economy and, as a result, sharp downturns. All this is taking place under conditions where free trade is partially blocked thanks to the sanctions policy of the US and the EU.
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There is also a liquidity crisis generated by many of the previous imbalances. This is caused by problems with the distribution of financial assets and the lack of adequate control over the distribution of financial flows.
There are also unemployment issues that continue to be a problem for many nations. In US and Canada the numbers continue to increase rapidly.
Also, the Russia-Saudi oil war is distorting the oil market.
As with anything the coronavirus pandemic will end, likely by the end of summer. A majority of the developed nations governments are hoping the economies will return back to normal after the pandemic subsides.
The economy after pandemic will minimize human participation in production processes and interaction with consumers. In such cases, a person will still be needed as the creator of such systems and structures, or as their controller. This change is already noticeable, as certain bank chains in the US are installing artificial intelligence bank machines, which eventually will phase out tellers. The roll out is coinciding with coronavirus closures and a skeleton staff.
It is for certain the pandemic will change how we view certain recreational activities and service industries. Things might never be the same.
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As US coronavirus cases continue to rise exponentially, states are taking drastic measures in an attempt to slow the spread of the virus. Confirmed cases in the U.S. are now approaching 46,000 and there have been nearly 600 deaths. My home state of Indiana is one of the latest to issue a statewide stay at home order. Residents have been ordered to not leave their home except for essential work functions and permitted activities such as taking care of others, obtaining necessary supplies, and for health and safety. The order will be in effect from March 25 to April 7.
Coronavirus has forced a majority of nations around the globe to implement drastic measures. These include the support of businesses and private citizens to alleviate losses and financial strains. In the US and Canada unemployment applications are reaching all time highs. A majority of nations in the West embraced an approach adverse to globalism.
The virus originated in China and they didn’t take initial reports seriously, instead they threatened doctors and closed a laboratory that published an open source genome sequence of the virus. If it wasn’t for conglomerates craving marginal profits and moving a majority of manufacturing from the West to China, it wouldn’t have such catastrophic effects on the global population.
The US Department of Energy is urging the administration of US President Donald Trump to form an alliance with Saudi Arabia in an attempt to regulate world oil prices, which could lead to Saudi Arabia withdrawing from OPEC. This information became available via The Wall Street Journal which claims that supporters of the US oil Alliance with Saudi Arabia are calling for stabilizing energy prices and preventing their collapse, which occurred after the OPEC talks in Vienna in early March.
Coronavirus has become a global scare. The World Health Organization considers coronavirus “High Risk.” The emergence of an economic storm could be inevitable. Kondratiev cycles predicted economic slowdown. Kondratiev explained the existence of large economic cycles by the fact that the duration of functioning of various created economic goods fluctuates. Similarly, they require different time and different means to create them. Large cycles can be seen as disrupting and restoring the economic equilibrium of a long period. The main reason for them lies in the mechanism of accumulation, accumulation and dispersion of capital sufficient to create new elements of infrastructure.
Do the amendments to the Russian constitution give hope to the opposition and what is the future of Russia and the government?
In reality, Russia does not have opposition. The pseudo opposition leader Alexei Navalny is merely a social media darling and a minor nuisance to the Kremlin. He is always arrested for a short term, in turn creating newsworthy stories and buzz in the global media on the topic of Russia. Navalny keeps projecting his grandiose dream of one day being the president of Russia. However, it is the same as the recent sad case of an individual in academia and St Petersburg elite claiming to be Napoleon. That guy murdered his young lover in a horrific scene.
The 11th BRICS Summit will be held in Brasília, Brazil on November 13-14, 2019. This year’s BRICS slogan is “Economic Growth for an Innovative Future”. BRICS is the acronym coined for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. This year there will be two distinct differences:
1) Hightened security measures due to the unrest in South America. During the summit, the Brazilian military will be deployed to the area.
2) The partners from other nations will not be invited. Usually, partners are invited to the summit to ink trade deals and engage in additional open dialogue.
This week Russia will host a Russia-Africa summit from October 23-24. The purpose of the summit is to promote Russian initiatives in Africa. There are 54 countries on the African continent and 47 of the nations confirmed their attendance. Russian’s official strategy pertaining to Africa will be unveiled at the summit.
Hundreds of people have taken to the streets in Lebanon, in what’s being called the “WhatsApp Revolution.” The trigger for the demonstrations was the announcement of new taxes on, among other things, telephone calls through voice services over the internet. Political parties and the rest of the population reacted immediately. Just over 24 hours of protests have put the Lebanese Government between a rock and a hard place, and have led Prime Minister Saad Hariri to give a 72-hour ultimatum to political parties to resolve the country’s economic crisis.
When you’ve been in business for a while, you start to develop a keen sense of when things aren’t quite right.
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Joe Biden, whose campaign has been marked by repeated criticisms of the Trump administration, recently took a jab at the President’s handling of the economy. During a September town hall, Biden argued that Trump is becoming “more erratic” in dealing with the economy. The presidential hopeful claimed “the president is feeling pressure on the economy…He inherited a pretty good economy from Barack Obama, just like he inherited everything in his life.”
The year was 1492 when Christopher Columbus not only discovered a New World but a pleasurable new enjoyment that is delighting connoisseurs throughout the entire world to this day: premium tobacco. From this plant came the cigar, which spread in popularity throughout the world, attracting presidents, kings, generals, gentlemen, and even women. It is estimated that in the last century almost 80% of men in the US were cigar smokers, 20% smoking luxurious brands paired with premium drinks.
Senator Bernie Sanders, the self-described Democratic Socialist, has been constantly and consistently attacking the American medical industry. The Presidential hopeful has long championed Medicare for all and has criticized the healthcare industry as being “insane and cruel.” Many economists fear that the staggering cost of Sanders’ single payer healthcare plan could cripple the economy.
The 45th G7 (Group of Seven) Summit is being held from August 24–26, 2019, in Biarritz, France. The Group of Seven consists of the US, Canada, United Kingdom, France, Germany, Italy and Japan. France has identified the following main objectives for the 2019 Summit:
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