We are taking a short vacation, and will be back soon. Meanwhile, do go through all the interesting articles already there for you to discover and read.
A confluence of factors appears to be raising rather than lowering the risks to emerging markets. Start with debt levels. While many companies have sought to pay back their dollar loans, the level of foreign-currency debt in emerging markets — uncovered by foreign-currency revenue or hedges — remains worryingly high. U.S. dollar credit to overseas nonbank borrowers has risen by more than 50 percent since 2009, to around $10 trillion.
Over the past decade or more, autocratic regimes—and illiberal elected governments with authoritarian ambitions—have deterred independent reporting and online criticism through familiar tools like physical intimidation, censorship on moral or religious grounds, and prosecution under draconian laws on defamation or national security.
Facing intense pressure on several fronts in the lead-up to the 19th Party Congress in the fall, Chinese President and CCP General Secretary Xi Jinping will likely be compelled to bolster his credentials with the more radical elements—and thereby placate his enemies—within his party. Expect, therefore, an eventful second half of 2017.
Despite murmurs of prospect clashes between the world’s two trade giants, drumbeats for a China-U.S. trade war are increasingly muted when both sides underscore closer win-win economic cooperation. As the new administration of the United States sent its first cabinet-level official to China for a visit, the messenger echoed a sequence of rapport-building gestures made on the Chinese side, China’s official Xinhua News Agency said.
“Deep State” comes from the Turkish derin devlet, a clandestine network, including military and intelligence officers, along with civilian allies, whose mission was to protect the secular order established, in 1923, by the father figure of post-Ottoman Turkey, Mustafa Kemal Atatürk. It was behind at least four coups, and it surveilled and murdered reporters, dissidents, Communists, Kurds, and Islamists.
That socioeconomic despair was profitably channeled to elect a president who—beyond his politics—represents a threat to most of the values the technocracy holds dear: transparency; multiculturalism; expertise; social progress. And, in the greatest of ironies, he used the tools and language of the technocracy to do it.
On January 1st, the United Kingdom began the implementation of the Investigatory Powers Act, widely considered the most comprehensive—and intrusive—surveillance law in the Western world. The Act authorizes government access to bulk datasets such as travel logs, financial transactions, biometrics, the interception of digital communications data, the hacking of devices, and requires the retention of browsing history by Internet service providers.