Pubblicato in: Banche Centrali, Devoluzione socialismo, Finanza e Sistema Bancario

Canada. Come negli Stati Uniti i fondi pensione sono in grave sofferenza.

Giuseppe Sandro Mela.

2022-08-15.

2022-08-14__ Canada. Come negli Stati Uniti i fondi pensione sono in grave sofferenza.pgn

Con un certo quale ritardo rispetto agli Stati Uniti anche in Canada l’inflazione sta portando in sofferenza fondi di investimento e, soprattutto, fondi pensioni.

* * *

Fondi Pensioni ed Inflazione. Il macello è già iniziato. L’inflazione li falcia senza pietà.

Soaring inflation is hitting retirement savings hard.

I fondi pensioni di S&P 500 hanno un buco di 382 miliardi Usd.

General Electric. 31 mld Usd di buco nel fondo pensioni.

Inflazione. Powell e Lagarde non sanno che pesci prendere.

Usa. Un panino 18 Usd, una libbra di pomodori 12 Usd, patatine fritte 15 Usd.

America. Wall Street. Da Sep2021 al Jun22 18 la capitalizzazione ha perso 15.5 trilioni di dollari.

* * *

In Canada a giugno la inflazione aveva raggiunti l’8.133%.

Nulla quindi di cui stupirsi se il Canada Pension Plan Investment Board sia entrato in sofferenza e se gli investitori, sia privati sia istituzionali, vivano nel terrore di quanto avverrà, ossia il default.

* * * * * * *

Il Canada Pension Plan Investment Board, il più grande fondo pensionistico del Paese, ha registrato un rendimento negativo del 4.2% nel primo trimestre fiscale, penalizzato da un più ampio sell-off delle azioni globali. Il fondo ha chiuso il trimestre con un patrimonio netto di 523 miliardi di dollari (409 miliardi di dollari), ha dichiarato giovedì il CPPIB. Il fondo ha subito perdite anche negli investimenti a reddito fisso, mentre gli investimenti in private equity, credito e immobiliare hanno contribuito modestamente al calo, ha dichiarato il fondo.

I mercati azionari globali sono stati colpiti quest’anno dall’accelerazione dell’inflazione – e dagli aumenti dei tassi d’interesse delle banche centrali per contrastarla – che hanno pesato sugli utili societari e fatto temere una recessione. I rialzi dei tassi hanno anche danneggiato i prezzi delle obbligazioni, un’altra importante classe di attività per CPPIB.

I mercati finanziari hanno vissuto i primi sei mesi dell’anno più difficili dell’ultimo mezzo secolo e il primo trimestre fiscale del fondo non è stato immune da questo calo generalizzato. Il rendimento nominale netto annualizzato a cinque anni del fondo è sceso all’8.7%, dal 10% del trimestre conclusosi il 31 marzo, mentre il rendimento a 10 anni è passato al 1.3% dal 10.9%.

Sappiamo che i canadesi sono preoccupati per l’impatto della volatilità dei mercati sui loro piani pensionistici e possono trarre conforto dal fatto che il Fondo dovrebbe garantire una solida performance nel lungo periodo, anche in presenza di turbolenze periodiche come quelle a cui stiamo assistendo quest’anno.

* * * * * * *

«Canada Pension Plan Investment Board, the country’s largest pension fund, posted a negative 4.2% return in its fiscal first quarter, hurt by a broader sell-off in global equities. The fund ended the quarter with net assets of C$523 billion ($409 billion), CPPIB said Thursday. The fund also experienced losses in fixed-income investments, while private equity, credit and real estate investments also contributed “modestly” to the decline, the fund said.

Global equity markets have been hammered this year as accelerating inflation — and central banks’ interest-rate increases to combat it — have weighed on corporate earnings and prompted fears that a recession may be in the offing. The rate hikes have also hurt bond prices, another major asset class for CPPIB»

«Financial markets experienced the most challenging first six months of the year in the last half century, and the fund’s first fiscal quarter was not immune to such widespread decline. The fund’s five-year annualized net nominal return fell to 8.7%, from 10% as of the quarter ended March 31, while its 10-year return slipped to 10.3% from 10.9%»

«We know Canadians are concerned about the impact of market volatility on their retirement plans, and they can take comfort in the fact that the Fund is expected to deliver solid performance over the long term, even with periodic turbulence such as we are witnessing this year»

* * * * * * *


Canada’s Biggest Pension Posts 4.2% Drop on Equity Meltdown

– Interest rate increases hurt fund’s fixed-income investments

– Private equity, credit, real estate contribute to decline

* * * * * * *

Canada Pension Plan Investment Board, the country’s largest pension fund, posted a negative 4.2% return in its fiscal first quarter, hurt by a broader sell-off in global equities.

The fund ended the quarter with net assets of C$523 billion ($409 billion), CPPIB said Thursday. The fund also experienced losses in fixed-income investments, while private equity, credit and real estate investments also contributed “modestly” to the decline, the fund said. 

Global equity markets have been hammered this year as accelerating inflation — and central banks’ interest-rate increases to combat it — have weighed on corporate earnings and prompted fears that a recession may be in the offing. The rate hikes have also hurt bond prices, another major asset class for CPPIB.

“Financial markets experienced the most challenging first six months of the year in the last half century, and the fund’s first fiscal quarter was not immune to such widespread decline,” Chief Executive Officer John Graham said in the statement. “The uncertain business and investment conditions we noted in the previous quarter continue, and we expect to see this turbulence persist throughout the fiscal year.”

The fund’s five-year annualized net nominal return fell to 8.7%, from 10% as of the quarter ended March 31, while its 10-year return slipped to 10.3% from 10.9%.

CPPIB saw C$3.1 billion of foreign-exchange gains in the most recent quarter as the Canadian dollar weakened against the US currency. The fund also saw gains by external portfolio managers, quantitative trading strategies and investments in energy and infrastructure.

The Chief Actuary of Canada conducted its regular, three-year review of the long-term sustainability of the pension plan and confirmed that it remains sustainable over the 75-year projection period at its legislated contribution rates. The chief actuary’s findings are based on the assumption that the base account will earn an average return of 3.95% above Canadian consumer price inflation through 2093.

“We know Canadians are concerned about the impact of market volatility on their retirement plans, and they can take comfort in the fact that the Fund is expected to deliver solid performance over the long term, even with periodic turbulence such as we are witnessing this year,” Graham said.

Pubblicato in: Banche Centrali, Devoluzione socialismo, Geopolitica Mondiale, Materie Prime, Putin, Russia

Russia. Mr Putin ha vinto la guerra energetica. – Bloomberg.

Giuseppe Sandro Mela.

2022-08-15.

2022-08-13__ In the Energy Markets, Putin Is Winning the War 001

«Putin is winning the energy battle»

«No matter what indicator you use, Russian President Vladimir Putin is winning in the energy markets.

«Putin sta vincendo la battaglia energetica»

«Non importa quale indicatore si usi, il presidente russo Vladimir Putin sta vincendo sui mercati energetici»

* * * * * * *

Questo articolo allegato riporta in modo ben coordinato una lunga serie di elementi già noti. La sua intrinseca novità consiste nel fatto che è edito da Bloomberg, ossia dal tempio dell’ideologia liberal, tutto loggia e culto di ogni anche impensabile possibile perversione.

Ammette ore rotundo che la Russia del Presidente Putin abbia vinto il conflitto che Joe Biden e la Nato gli hanno dichiarato, coprendola di sanzioni, nella vana speranza di portarla al fallimento.

* * * * * * *

Non importa quale indicatore si usi, il presidente russo Vladimir Putin sta vincendo sui mercati energetici. Mosca sta mungendo la sua mucca da mungere, guadagnando centinaia di milioni di dollari ogni giorno per finanziare l’invasione dell’Ucraina e comprare il sostegno interno alla guerra. Quando le sanzioni europee contro le esportazioni di greggio russo entreranno in vigore da novembre, i governi della regione si troveranno di fronte a scelte difficili, poiché la crisi energetica inizierà a colpire consumatori e aziende.

I costi dell’elettricità per le case e le imprese sono destinati a salire a partire da ottobre, poiché l’aumento dei proventi del petrolio consente a Putin di sacrificare le entrate del gas e di comprimere le forniture all’Europa. I prezzi nel Regno Unito saliranno probabilmente del 75%, mentre in Germania alcune aziende municipalizzate hanno già avvertito che i prezzi aumenteranno di oltre il 100%. La Russia è riuscita ad armare le forniture energetiche.

I governi occidentali saranno sempre più costretti a spendere miliardi per sovvenzionare le bollette delle famiglie o, come già avviene in Francia, per assumere il controllo delle società elettriche.

Il primo indicatore che mostra come Putin abbia invertito la tendenza del petrolio è la produzione russa di greggio. Il mese scorso, la produzione del Paese è tornata a livelli vicini a quelli prebellici, con una media di quasi 10.8 milioni di barili al giorno, solo marginalmente in calo rispetto agli 11 milioni pompati a gennaio, immediatamente prima dell’invasione dell’Ucraina.

Dopo questa lotta iniziale, la Russia ha trovato nuovi clienti per il milione di barili al giorno circa che i raffinatori europei hanno smesso di acquistare a causa dell’autosanzione. La maggior parte di questo greggio sta finendo in Asia – in particolare in India – ma anche in Turchia e altrove in Medio Oriente. Una parte è ancora presente in Europa, con gli acquirenti che continuano ad acquistare greggio russo prima dell’introduzione delle sanzioni ufficiali prevista per l’inizio di novembre.

Il secondo indicatore è il prezzo del petrolio russo. Inizialmente, Mosca è stata costretta a vendere i suoi sapori di greggio con sconti enormi rispetto ad altre varietà per attirare gli acquirenti. Nelle ultime settimane, tuttavia, il Cremlino ha riacquistato il potere di determinazione dei prezzi, approfittando di un mercato ristretto.

Il greggio ESPO è passato di mano alla parità con Dubai. Il greggio Urals, il fiore all’occhiello delle esportazioni russe di petrolio verso l’Europa, non sta beneficiando quanto l’ESPO, poiché i suoi principali acquirenti sono tradizionalmente paesi come la Germania piuttosto che l’India. Ma sta anche recuperando il prezzo, vendendo di recente a 20-25 dollari al barile in meno rispetto al Brent di riferimento, dopo essere stato scambiato con uno sconto di quasi 35 dollari all’inizio di aprile. Mosca sta trovando nuovi commercianti di materie prime, spesso operanti dal Medio Oriente e dall’Asia e probabilmente finanziati dal denaro russo, disposti ad acquistare il suo greggio e a spedirlo verso mercati affamati.

L’ultimo indicatore del successo russo è politico, più che di mercato. A marzo e aprile, i politici occidentali erano ottimisti sul fatto che il cartello OPEC, guidato da Arabia Saudita ed Emirati Arabi Uniti, avrebbe abbandonato l’alleanza con la Russia. È accaduto il contrario.

Nonostante il viaggio del Presidente degli Stati Uniti Joseph Biden a Riyadh, Putin ha mantenuto la sua influenza all’interno dell’alleanza OPEC+. Poco dopo la partenza di Biden dall’Arabia Saudita, il vice primo ministro russo Alexander Novak, persona di riferimento della nazione per la gestione delle relazioni con il cartello, è volato nel regno.

La vittoria sul mercato petrolifero significa che Putin può permettersi di rinunciare alle entrate limitando le vendite di gas naturale all’Europa, mettendo sotto pressione Berlino, Parigi e Londra, che si stanno preparando a un massiccio aumento dei prezzi dell’energia al dettaglio e a una potenziale carenza che potrebbe portare al razionamento quest’inverno. Mosca sta facendo così tanti soldi vendendo petrolio che può permettersi di limitare le forniture di greggio anche ai Paesi dell’Europa orientale, come ha fatto all’inizio di questa settimana.

Una combinazione di freddo, aumento della domanda di elettricità e impennata dei prezzi nel corso dell’anno rischia di minare il sostegno occidentale all’Ucraina. I politici europei che sono stati ansiosi di ottenere il plauso internazionale ostentando il loro sostegno a Kiev potrebbero essere meno disposti a pagare il conto interno per evitare la povertà energetica tra i loro elettori.

Putin sta vincendo la battaglia energetica.

* * * * * * *

«No matter what indicator you use, Russian President Vladimir Putin is winning in the energy markets. Moscow is milking its oil cash cow, earning hundreds of millions of dollars every day to bankroll the invasion of Ukraine and buy domestic support for the war. Once European sanctions against Russian crude exports kick in from November, the region’s governments will face some tough choices as the energy crisis starts to bite consumers and companies»

«Electricity costs for homes and businesses are set to soar from October, as the surge in oil income allows Putin to sacrifice gas revenue and squeeze supplies to Europe. UK prices are likely to jump by 75%, while in Germany some municipal utilities have already warned prices will increase in excess of 100%. Russia has successfully weaponized energy supplies»

«Western governments will come under increasing pressure to spend billions either subsidizing household bills or, as is already the case in France, by taking control of power companies»

«The first indicator showing how Putin has turned the oil tide is Russian crude production. Last month, the country’s output climbed back to near pre-war levels, averaging almost 10.8 million barrels per day, only marginally down from the 11 million pumped in January immediately prior to the invasion of Ukraine»

«After that initial struggle, Russia has found new customers for the million barrels a day or so that European oil refiners have stopped purchasing due to self-sanctioning. Most of that crude is ending up in Asia — notably India — but also in Turkey and elsewhere in the Middle East. And some is still showing up in Europe, with buyers still purchasing Russian crude ahead of the planned introduction of official sanctions in early November»

«The second indicator is the price of Russian oil. Initially, Moscow was forced to sell its flavors of crude at huge discounts to other varieties to entice buyers. In recent weeks, however, the Kremlin has regained pricing power, taking advantage of a tight market»

«ESPO crude has changed hands at parity to Dubai. Urals crude, the flagship Russian oil export to Europe, isn’t benefiting as much as ESPO, as its key buyers have traditionally been countries such as Germany rather than India. But it’s also recovering in price, selling recently at $20 to $25 a barrel cheaper than the Brent benchmark, after trading at a discount of almost $35 in early April. Moscow is finding new commodity traders, often operating from the Middle East and Asia and probably financed by Russian money, willing to buy its crude and ship it to hungry markets»

«The final indicator of Russian success is political, rather than market related. Back in March and April, Western policy makers were optimistic that the OPEC cartel, led by Saudi Arabia and the United Arab Emirates, would ditch its alliance with Russia. The opposite has been the case»

«Despite a trip by US President Joseph Biden to Riyadh, Putin has retained his influence inside the OPEC+ alliance. Soon after Biden departed from Saudi Arabia, Russian Deputy Prime Minister Alexander Novak, the nation’s point-person managing the relationship with the cartel, flew to the kingdom»

«The oil market victory means Putin can afford to forego revenue by restricting natural gas sales to Europe, putting pressure on Berlin, Paris and London, which are bracing for massive retail energy price increases and potential shortages that may lead to rationing this winter. Moscow is making so much money selling oil it can afford to restrict crude supply to Eastern European nations, too, as it did earlier this week»

«A combination of cold weather, surging demand for electricity and soaring prices later this year risks undermining Western support for Ukraine. European politicians who’ve been eager to win international kudos by flaunting their support for Kyiv may be less willing to foot the domestic bill for averting energy poverty among their own voters»

«Putin is winning the energy battle»

* * * * * * *


In the Energy Markets, Putin Is Winning the War – Bloomberg.

No matter what indicator you use, Russian President Vladimir Putin is winning in the energy markets. Moscow is milking its oil cash cow, earning hundreds of millions of dollars every day to bankroll the invasion of Ukraine and buy domestic support for the war. Once European sanctions against Russian crude exports kick in from November, the region’s governments will face some tough choices as the energy crisis starts to bite consumers and companies.

Electricity costs for homes and businesses are set to soar from October, as the surge in oil income allows Putin to sacrifice gas revenue and squeeze supplies to Europe. UK prices are likely to jump by 75%, while in Germany some municipal utilities have already warned prices will increase in excess of 100%. Russia has successfully weaponized energy supplies; Western governments will come under increasing pressure to spend billions either subsidizing household bills or, as is already the case in France, by taking control of power companies.

The first indicator showing how Putin has turned the oil tide is Russian crude production. Last month, the country’s output climbed back to near pre-war levels, averaging almost 10.8 million barrels per day, only marginally down from the 11 million pumped in January immediately prior to the invasion of Ukraine. Based on industry estimates, oil production is slightly higher so far this month. 

It isn’t a blip: July marked the third consecutive month of oil production recovery, with output up significantly from this year’s low point of 10 million barrels set in April, when European buyers started shunning Russia and Moscow scrambled to find new buyers.  

After that initial struggle, Russia has found new customers for the million barrels a day or so that European oil refiners have stopped purchasing due to self-sanctioning. Most of that crude is ending up in Asia — notably India — but also in Turkey and elsewhere in the Middle East. And some is still showing up in Europe, with buyers still purchasing Russian crude ahead of the planned introduction of official sanctions in early November. Everyone who bet that Russian oil production would continue to drop — myself included — got it wrong. 

The second indicator is the price of Russian oil. Initially, Moscow was forced to sell its flavors of crude at huge discounts to other varieties to entice buyers. In recent weeks, however, the Kremlin has regained pricing power, taking advantage of a tight market. 

ESPO crude, a category of Russian oil from the Far East, is a good example of the new trend. At the low earlier this year,  it sold at a discount of more than $20 a barrel to Dubai crude, the regional oil benchmark for Asia. Recently, ESPO crude has changed hands at parity to Dubai. Urals crude, the flagship Russian oil export to Europe, isn’t benefiting as much as ESPO, as its key buyers have traditionally been countries such as Germany rather than India. But it’s also recovering in price, selling recently at $20 to $25 a barrel cheaper than the Brent benchmark, after trading at a discount of almost $35 in early April. 

Moscow is finding new commodity traders, often operating from the Middle East and Asia and probably financed by Russian money, willing to buy its crude and ship it to hungry markets. With Brent crude hovering at close to $100 a barrel, and with Russia able to offer smaller discounts, there’s plenty of money coming in to the Kremlin. For now at least, energy sanctions aren’t working. 

The final indicator of Russian success is political, rather than market related. Back in March and April, Western policy makers were optimistic that the OPEC cartel, led by Saudi Arabia and the United Arab Emirates, would ditch its alliance with Russia. The opposite has been the case.

Despite a trip by US President Joseph Biden to Riyadh, Putin has retained his influence inside the OPEC+ alliance. Soon after Biden departed from Saudi Arabia, Russian Deputy Prime Minister Alexander Novak, the nation’s point-person managing the relationship with the cartel, flew to the kingdom. A few days later, OPEC+ announced a minuscule oil production increase, keeping pressure on global energy markets.

The oil market victory means Putin can afford to forego revenue by restricting natural gas sales to Europe, putting pressure on Berlin, Paris and London, which are bracing for massive retail energy price increases and potential shortages that may lead to rationing this winter. Moscow is making so much money selling oil it can afford to restrict crude supply to Eastern European nations, too, as it did earlier this week.

A combination of cold weather, surging demand for electricity and soaring prices later this year risks undermining Western support for Ukraine. European politicians who’ve been eager to win international kudos by flaunting their support for Kyiv may be less willing to foot the domestic bill for averting energy poverty among their own voters.

In public, European governments are still resolute in their determination to wean themselves off Russian energy. Privately, they must be acknowledging the hardships that stance threatens to inflict on their economies. Putin is winning the energy battle; let’s hope that leverage isn’t powerful enough to prompt Western politicians to soften their stance in the real war.

Pubblicato in: Devoluzione socialismo, Stati Uniti, Trump

Midterm. Se prima i liberal democratici avevano paura adesso hanno terrore.

Giuseppe Sandro Mela.

2022-08-14.

2022-08-12__ Trump Endorsements 001

Negli Stati Uniti si stanno tenendo le elezioni primarie per essere candidati alle elezioni di midterm.

In campo repubblicano gli Elettori hanno fatto fuori tutti i candidati che avevano tradito Mr Trump ed il partito repubblicano, e ben 42 candidati presentati da Mr Trump sono stati acclamati vincitori.

È stata una bonifica grandiosa. Comunque vadano i risultati di midterm, i repubblicani eletti saranno granitici servitori del partito, le teste dei giuda sono cadute senza speranza di appello.

Usa. Elezioni primarie. Mr Trump fa piazza pulita. I suoi 42 candidati stravincono le primarie.

Usa. Mr Trump ha piazzato 190 suoi candidati alle primarie. È il kingmaker di midterm.

Usa. Il Gop destituisce Mrs Liz Cheney e parte degli anti-Trump.

Usa. Inflazione. Gli Elettori ispanici abbandonano i democratici a favore dei repubblicani.

Usa. Elezioni Presidenziali 2024. I democratici sono convinti di perderle.

Usa. Midterm. Biden potrebbe perdere sia Congresso sia Senato. – Abc Poll.

* * * * * * *

Una regola di comprovata correttezza indica come sia vero l’esatto opposto di quanto affermano i media liberal.

«Former President Donald Trump’s false allegation that the 2020 presidential election was stolen»

significa che in quelle elezioni i liberal democratici abbiano perpetrato ogni possibile sorta di brogli elettorali.

Adesso sono terrorizzati dal fatto che Mr Trump abbia disinfestato alla grande i candidati alle elezioni di midterm e che tutti i candidati siano convinti della immane quantità di brogli: li chiamano ‘negazionisti’.

Ma il vero terrore risiede nel fatto che, molto verosimilmente, i repubblicani conquistino una oppure anche ambedue le camere elettive.

In tal caso dovrebbe essere abolito il voto per corrispondenza introducendo inoltre severe norme di identificazione dello elettore, potendo votare solo i Cittadini residenti. Bandite le macchinette conta-voti: lo scrutinio deve essere fatto da scrutatori, affiancati da rappresentanti dei partiti.

Poi si scatenerà la caccia al liberal, così da bonificare tutto l’apparato statale e non solo quello. Ci sono anche tutte le agenzie. Poi, le ngo. I liberal questo lo sanno bene. È per questo motivo che sono terrorizzati. Come i tedeschi nel 1945. La Armata Rossa non li aeva trattati con i guanti.

Saranno trattati per come hanno trattato. Vi ricordate la fine che fecero i gacobini? Tra ghigliottina e deportazine?

* * * * * * *

I negazionisti delle elezioni possono vincere alla grande alle elezioni di metà mandato? Almeno 120 candidati del GOP hanno abbracciato aspetti delle affermazioni sulle elezioni rubate.

La falsa accusa dell’ex presidente Donald Trump di aver rubato le elezioni presidenziali del 2020 continua a riverberare tra i candidati del GOP che si candidano su piattaforme anti-establishment e desiderosi di ottenere il sostegno della base di elettori dell’ex presidente.

L’ex conduttrice di telegiornali e candidata governatrice in Arizona ha ottenuto un posto sulla scheda elettorale il 4 agosto e affronterà la candidata democratica Katie Hobbs a novembre.

Nel suo discorso di vittoria, Lake ha detto: Abbiamo superato i brogli, non abbiamo ascoltato ciò che le fake news avevano da dire. Il movimento MAGA si è alzato e ha votato come se la sua vita dipendesse da questo.

Secondo un’analisi di FiveThirtyEight, partner di ABC News, almeno 120 candidati politici repubblicani che negano l’integrità delle elezioni del 2020 saranno sulle schede elettorali il prossimo autunno.

Altri 48 candidati hanno espresso dubbi sull’integrità delle elezioni, il che significa che la metà dei candidati repubblicani ha almeno flirtato con la negazione delle elezioni.

L’esordiente John Gibbs, anch’egli repubblicano del Michigan appoggiato da Trump, ha battuto la scorsa settimana il repubblicano in carica Peter Meijer.

Nelle prossime settimane, decine di altri candidati saranno decisi, rivelando quanto profondamente gli elettori repubblicani siano investiti dalle affermazioni dell’ex presidente su un’elezione rubata.

In una primaria repubblicana è un vantaggio per un candidato dire che si nega la legittimità delle ultime elezioni.

* * * * * * *

«Can election deniers win big in the midterms? At least 120 GOP candidates embraced aspects of stolen election claims»

«Former President Donald Trump’s false allegation that the 2020 presidential election was stolen continues to reverberate among GOP political candidates who are running on anti-establishment platforms and eager to gain the support of the former president’s voter base»

«The former newscaster-turned-gubernatorial candidate in Arizona won a spot on the ballot August 4 and will face Democratic nominee Katie Hobbs in November.

In her victory speech, Lake said, “we outvoted the fraud, we didn’t listen to what the fake news had to say. The MAGA movement rose up and voted like their lives depended on it.”»

«According to an analysis by ABC News partner FiveThirtyEight, at least 120 Republican political candidates who deny the integrity of the 2020 elections will be on ballots this fall.»

«An additional 48 nominees have expressed doubt about the election’s integrity, meaning half of Republican candidates have “at least flirted with” denying the election,»

«Political newcomer John Gibbs, also a Michigan Republican endorsed by Trump, beat the incumbent Republican Rep. Peter Meijer last week»

«In the coming weeks, dozens of other candidates will be decided, revealing how deeply Republican voters are invested in the former president’s claims of a stolen election.»

«In a Republican primary it is a definite boon to a candidate to say that you deny the legitimacy of the last election»

* * * * * * *


Can election deniers win big in the midterms?

At least 120 GOP candidates embraced aspects of stolen election claims.

Former President Donald Trump’s false allegation that the 2020 presidential election was stolen continues to reverberate among GOP political candidates who are running on anti-establishment platforms and eager to gain the support of the former president’s voter base.

Kari Lake is one of those candidates. The former newscaster-turned-gubernatorial candidate in Arizona won a spot on the ballot August 4 and will face Democratic nominee Katie Hobbs in November.

In her victory speech, Lake said, “we outvoted the fraud, we didn’t listen to what the fake news had to say. The MAGA movement rose up and voted like their lives depended on it.”

When asked directly to corroborate her unsubstantiated allegation that the election system is fraudulent, she vaguely claimed, “we have a lot of evidence of irregularities and problems.”

“I’m not going to release it to the fake news,” she added, “but we’ll release it to the authorities.”

According to an analysis by ABC News partner FiveThirtyEight, at least 120 Republican political candidates who deny the integrity of the 2020 elections will be on ballots this fall.

An additional 48 nominees have expressed doubt about the election’s integrity, meaning half of Republican candidates have “at least flirted with” denying the election, according to the FiveThirtyEight analysis.

“Concerns inside the Republican Party about voter integrity also is something that’s been going on for decades” Rick Klein, Political Director at ABC News, told “NIGHTLINE.”

According to an analysis by ABC News partner FiveThirtyEight, at least 120 Republican political candidates who deny the integrity of the 2020 elections will be on ballots this fall.

An additional 48 nominees have expressed doubt about the election’s integrity, meaning half of Republican candidates have “at least flirted with” denying the election, according to the FiveThirtyEight analysis.

“Concerns inside the Republican Party about voter integrity also is something that’s been going on for decades” Rick Klein, Political Director at ABC News, told “NIGHTLINE.”

Political newcomer John Gibbs, also a Michigan Republican endorsed by Trump, beat the incumbent Republican Rep. Peter Meijer last week.

Earlier this summer Gibbs falsely claimed that the 2020 election results weren’t accurate, telling a local NBC station, “I think when you look at the results of the 2020 election, there are anomalies in there, to put it very lightly, that are simply mathematically impossible.”

In the coming weeks, dozens of other candidates will be decided, revealing how deeply Republican voters are invested in the former president’s claims of a stolen election.

“In a Republican primary it is a definite boon to a candidate to say that you deny the legitimacy of the last election,” Klein said.

terrific track record through many of the primaries in redder states,” said Klein.

“The other thing it does is a connection to a segment of the base for whom denying the last election’s outcome is almost a mantra,” he said.

The baseless idea planted by Donald Trump that there’s rampant voter fraud and cheating at the ballot box, two allegations that have repeatedly been proven false, taking hold in the minds of many voters.

Pubblicato in: Agricoltura, Devoluzione socialismo, Economia e Produzione Industriale, Stati Uniti

Usa. Bistecche ad 8 Usd la libbra, contro i passati 4.47 Usd la libbra.

Giuseppe Sandro Mela.

2022-08-13.

Carne. Prezzi negli StatiUniti 001

Nello agosto 2017 negli Stati Uniti le bistecche prezzavano 4.47 dollari alla libbra, contro gli attuali otto dollari la libbra.

Il lettore europeo troverà questi prezzi assolutamente bassi, ma essi costituiscono un grande onere per le massaie americane.

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I consumatori statunitensi, alle prese con l’inflazione, devono fare i conti con l’aumento dei prezzi della carne bovina, poiché gli allevatori stanno riducendo le loro mandrie a causa della siccità e dei costi elevati dei mangimi, una decisione che renderà più rigide le forniture di bestiame per anni. Il calo del numero di capi di bestiame, combinato con i costi elevati di altre spese di produzione, illustra il motivo per cui il recente calo dei prezzi dei cereali a livelli mai visti dall’invasione dell’Ucraina da parte della Russia, grande esportatore di mais e grano, potrebbe non tradursi immediatamente in una riduzione dei prezzi dei prodotti alimentari al supermercato.

Il mangime è la componente più costosa dell’allevamento di una mucca da carne, quindi i prezzi più bassi dei cereali spesso contribuiscono a ridurre i prezzi della carne. Ma le aziende produttrici di carne devono pagare il prezzo più alto per gli animali quando ce ne sono meno da macellare. Le aziende di trasformazione pagano di più anche per la manodopera, il carburante e altre voci.

I prezzi dei futures del mais sono scesi del 26% da quando hanno toccato i massimi di 10 anni in aprile. I prezzi sono ancora in crescita del 9% rispetto a un anno fa, a circa 6 dollari per bushel. I produttori probabilmente liquideranno ancora più bestiame a causa della siccità. I prezzi della carne macinata sono già aumentati del 10% rispetto all’anno scorso.

Recentemente ha pagato circa 475 dollari a tonnellata per il mangime per pecore fatto con mais e altri ingredienti, con un aumento del 40% rispetto a un anno fa. I prezzi dei polli sono saliti del 20.1% nell’ultimo trimestre rispetto a un anno prima.

A Eugene, nell’Oregon, Blair Hickok, 40 anni, studentessa di contabilità e madre, ha dichiarato che la sua spesa mensile è salita del 40% a oltre 1.200 dollari a causa dell’aumento dei prezzi di manzo, pollo, uova e prodotti come i bratwurst Johnsonville. La sua famiglia ha smesso di mangiare fuori per risparmiare.

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«U.S. consumers grappling with soaring inflation face more pain from high beef prices as ranchers are reducing their cattle herds due to drought and lofty feed costs, a decision that will tighten livestock supplies for years. The decline in cattle numbers, combined with stiff costs for other production expenses, illustrate why a recent fall in grain prices to levels not seen since Russia’s invasion of major corn and wheat exporter Ukraine may not immediately translate into lower food prices at the grocery store»

«Feed is the largest cost component of raising a cow for beef, so lower grain prices often help to reduce meat prices. But meat companies must pay top dollar for animals when there are fewer to slaughter. Processors are also paying more for labor, fuel and other items»

«Corn futures prices have dropped 26% since hitting a 10-year high in April. Prices are still up 9% from a year ago at about $6 per bushel. Producers will likely liquidate even more cattle due to drought. Ground beef prices have already jumped 10% from last year»

«He recently paid about $475 per ton for sheep feed made with corn and other ingredients, up 40% from a year ago. chicken prices soared 20.1% in the last quarter from a year earlier.»

«In Eugene, Oregon, accounting student and mother Blair Hickok, 40, said her monthly grocery bill spiked 40% to more than $1,200 due to climbing prices for beef, chicken, eggs and products like Johnsonville bratwursts. Her family stopped eating out to save money.»

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Shrinking U.S. cattle herd signals more pain from high beef prices

Chicago, Aug 9 (Reuters) – U.S. consumers grappling with soaring inflation face more pain from high beef prices as ranchers are reducing their cattle herds due to drought and lofty feed costs, a decision that will tighten livestock supplies for years, economists said.

The decline in cattle numbers, combined with stiff costs for other production expenses, illustrate why a recent fall in grain prices to levels not seen since Russia’s invasion of major corn and wheat exporter Ukraine may not immediately translate into lower food prices at the grocery store.

Feed is the largest cost component of raising a cow for beef, so lower grain prices often help to reduce meat prices. But meat companies like Tyson Foods Inc, which reported weaker-than-expected earnings on Monday, must pay top dollar for animals when there are fewer to slaughter. Processors are also paying more for labor, fuel and other items.  

“There’s really a lot of distance between the price of those grains and the price of those products at the meat counter,” said Bernt Nelson, economist at the American Farm Bureau Federation.

Corn futures prices have dropped 26% since hitting a 10-year high in April after the Ukraine war sparked worries about global supplies. Prices are still up 9% from a year ago at about $6 per bushel.

The lower prices benefit livestock producers, though U.S. government data shows ranchers on July 1 had already reduced the nation’s cattle herd by about 2% from a year earlier to its lowest level for that date in about seven years.

Producers will likely liquidate even more cattle due to drought, said Shane Miller, Tyson Foods’ president of fresh meats, on a conference call following the quarterly results. Chief Executive Donnie King projected prices for cattle and beef will rise moving into 2023 and 2024.

Ground beef prices have already jumped 10% from last year, U.S. government data shows. Rising cattle costs eat in to meatpackers’ profit from high beef prices.

Tyson reported its beef unit’s adjusted operating margins dropped to 10.2% in the April to June quarter from 12.7% the previous quarter and 22.6% a year earlier, while live cattle costs increased about $480 million. Margins will decline further to 5% to 7%, the company said.

Margins and meat supplies get a temporary boost as ranchers send more animals to slaughter, instead of keeping them to reproduce, analysts said. But consumers will ultimately be left with less beef, and it takes nearly two years to raise a cow once the liquidation stops, economists said.  

“The prices are here to stay for a while,” said Glenn Brunkow, a farmer who raises cattle and sheep in Wamego, Kansas.

Brunkow, a member of the Kansas Farm Bureau’s board of directors, said high diesel fuel and feed prices continue to drive up his production costs. He recently paid about $475 per ton for sheep feed made with corn and other ingredients, up 40% from a year ago.

Some consumers are switching to chicken or cheaper types of beef to reduce their food costs, meatpacking executives said. Still, Tyson said beef demand remains strong and reported sales volumes rose 1.3% in the last quarter as prices slipped.

“Even though we may be seeing some relief in feed prices, that demand is going to hold (beef) prices where they’re at,” Iowa State University economist Lee Schulz said.

Other protein options have also become pricier. Tyson said its chicken prices soared 20.1% in the last quarter from a year earlier. Wholesale prices for white eggs, meanwhile, reached a record high of $3.40 a dozen on July 21 due to strong retail demand and avian flu outbreaks that killed egg-laying chickens, data firm Urner Barry said.  

In Eugene, Oregon, accounting student and mother Blair Hickok, 40, said her monthly grocery bill spiked 40% to more than $1,200 due to climbing prices for beef, chicken, eggs and products like Johnsonville bratwursts. Her family stopped eating out to save money.

“We cannot sustain this for very long,” said Hickok.

Pubblicato in: Armamenti, Russia

Conflitto Nato – Russo. Verosimile attacco missilistico su Saky, Krimea.

Giuseppe Sandro Mela.

2022-08-13.

Ukraina. Novofedorivka. 001

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Nota.

«Crimea is internationally recognised as Ukrainian territory»

Questa affermazione è falsa: solo l’enclave liberal occidentale considera la Krimea essere parte della Ukraina. Tutto il restante mondo civile e libero la considera parte integrante della Russia.

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Una persona è stata uccisa dopo che alcune esplosioni hanno scosso una base militare in Crimea, ha dichiarato il capo dell’amministrazione regionale nominata dalla Russia. Sergei Aksyonov ha scritto sui social media che le esplosioni sono avvenute nella base militare di Saky, vicino a Novofedorivka, sulla costa occidentale della penisola. Il ministero della Difesa russo ha poi dichiarato che sono state fatte esplodere delle munizioni.  È stata istituita una zona di interdizione di 5 km intorno al luogo dell’esplosione.

Mosca ha rifiutato di speculare sull’origine dell’esplosione e Kiev non si è assunta la responsabilità. Il vice primo ministro ucraino, Iryna Vereshchuk, ha scritto su Telegram che le esplosioni di oggi a Novofedorivka sono un altro promemoria di chi appartiene alla Crimea. Perché è Ucraina.

L’attacco in Crimea segnerebbe una drammatica escalation.

Se dovesse emergere che l’Ucraina è responsabile di questo attacco, si tratterebbe di un’escalation significativa. Sarebbe il primo grande attacco a un obiettivo all’interno della Crimea vera e propria. La Crimea è internazionalmente riconosciuta come territorio ucraino, ma la Russia governa la penisola da otto anni e le strutture statali e militari russe sono ben radicate. Per il Cremlino, la Crimea ha uno status quasi sacro, visto come terra storicamente russa che Mosca ha riacquistato trionfalmente nel 2014.

E si teme che se gli ucraini iniziassero ad attaccare sistematicamente obiettivi russi in Crimea, la risposta russa potrebbe essere davvero molto seria. Il mese scorso, l’ex presidente russo Dmitry Medvedev, ora vicepresidente del potente Consiglio di Sicurezza, ha dichiarato che se la Crimea venisse attaccata, il giorno del giudizio attenderà immediatamente tutti coloro [che sono coinvolti]. Sarà molto veloce e molto duro.

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«One person has been killed after blasts rocked a military base in Crimea, the head of the Russia-appointed regional administration there said. Sergei Aksyonov wrote on social media that the blasts had taken place at the Saky military base near Novofedorivka on the peninsula’s western coast. Russia’s defence ministry later said ammunition was detonated.  5km (three-mile) no-go zone around the blast site had been established.»

«Moscow refused to speculate on the origin of the blast and Kyiv has not taken responsibility. Ukraine’s deputy Prime Minister, Iryna Vereshchuk, wrote on Telegram that “today’s explosions in Novofedorivka are another reminder of who Crimea belongs to. Because it is Ukraine”»

«Crimean attack would mark dramatic escalation»

«If it emerges Ukraine was responsible for this attack, that would be a significant escalation. It would be the first major attack on a target inside Crimea proper. Crimea is internationally recognised as Ukrainian territory, but Russia has ruled the peninsula for eight years and Russian state structures and military facilities are very well established. For the Kremlin, Crimea has a quasi-sacred status, seen as “historically” Russian land that Moscow “re-acquired” triumphantly in 2014»

«And there are fears that if the Ukrainians begin systematically attacking Russian targets inside Crimea, then the Russian response could be very serious indeed. Last month, former Russian President Dmitry Medvedev, now Deputy Chairman of the powerful Security Council, said that if Crimea were attacked, then “Judgement Day will instantly await all those [involved]. It will be very fast and very hard»

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Ukraine war: Blasts rock Russian airbase in annexed Crimea

One person has been killed after blasts rocked a military base in Crimea, the head of the Russia-appointed regional administration there said.

Sergei Aksyonov wrote on social media that the blasts had taken place at the Saky military base near Novofedorivka on the peninsula’s western coast.

Footage circulating on social media appeared to show multiple explosions.

Russia’s defence ministry later said ammunition was detonated, but this has not been independently verified.

The ministry said there was no “fire impact” on the ammunition storage area, Russia’s state-run Ria news agency reports.

The Ukrainian peninsula that Moscow annexed in 2014 is a popular destination with Russian tourists, and one video appeared to show visitors fleeing from a beach as smoke rose in the background.

Local witnesses told the Reuters agency that they heard at least 12 blasts, beginning at about 15:20 local time (12:20 GMT).

After arriving in the area, Mr Aksyonov said a 5km (three-mile) no-go zone around the blast site had been established.

Moscow refused to speculate on the origin of the blast and Kyiv has not taken responsibility.

Ukraine’s deputy Prime Minister, Iryna Vereshchuk, wrote on Telegram that “today’s explosions in Novofedorivka are another reminder of who Crimea belongs to. Because it is Ukraine”.

And Ukraine’s military posted a sarcastic statement on Facebook which hinted at the sinking of the Moskva warship and other military setbacks, reminding Russia of its “fire safety rules and the ban of smoking in unsettled places”.

Russia’s annexation of Crimea eight years ago drew widespread international condemnation.

On 24 February, Moscow launched a full-scale invasion of Ukraine, using Crimea as a springboard to move Russian troops deeper inside Ukraine.

Novofedorivka and Saky are about 50km (30 miles) north of the port of Sevastopol, home of Russia’s Black Sea Fleet, which has been leading a blockade of the Ukrainian coastline.

* * *

Crimean attack would mark dramatic escalation

If it emerges Ukraine was responsible for this attack, that would be a significant escalation. It would be the first major attack on a target inside Crimea proper.

The Ukrainians have come close: in June 2022, the Russia-appointed “leader” of Crimea said that Ukrainian forces had fired on Black Sea oil drilling platforms in Crimean waters, resulting in several casualties. And at the end of July, Russian authorities said a drone had struck a Russian naval facility in the city of Sevastopol, injuring six.

Crimea is internationally recognised as Ukrainian territory, but Russia has ruled the peninsula for eight years and Russian state structures and military facilities are very well established.

For the Kremlin, Crimea has a quasi-sacred status, seen as “historically” Russian land that Moscow “re-acquired” triumphantly in 2014. An attack so deep inside Crimean territory would be a major embarrassment for President Putin.

And there are fears that if the Ukrainians begin systematically attacking Russian targets inside Crimea, then the Russian response could be very serious indeed. Last month, former Russian President Dmitry Medvedev, now Deputy Chairman of the powerful Security Council, said that if Crimea were attacked, then “Judgement Day will instantly await all those [involved]. It will be very fast and very hard.”

Pubblicato in: Agricoltura, Commercio, Stati Uniti

Usa. Un panino 18 Usd, una libbra di pomodori 12 Usd, patatine fritte 15 Usd.

Giuseppe Sandro Mela.

2022-08-12.

Lavrov Putin che ridono 011

Saper interpretare correttamente i macrodati è sia una scienza sia una arte che richiedono vaste conoscenze : ma non tutti sono tenuti a dominare questo settore. Ogni persona ha il suo campo in cui eccelle.

Qui riportiamo invece i costi che qualsiasi persona vive tutti i santi giorni quando si prende un sandwich oppure un cartoccio di patatine fritte.

I dati sono stati rilevati a New York.

A nostro sommesso avviso le elezioni di midterm saranno determinate proprio dalla inflazione. Ma non era la Russia che sarebbe dovuta fallire?

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Nota.

Pound: a unit of weight equal to 16 oz. avoirdupois (0.4536 kg), or 12 oz. troy (0.3732 kg). A troy ounce is a unit of measure used for weighing precious metals that dates back to the Middle Ages. Originally used in Troyes, France, one troy ounce is equal to 31.1034768 grams.

Bagel: a dense bread roll in the shape of a ring, made by boiling dough and then baking it.

Guacamole: a dish of mashed avocado mixed with chopped onion, tomatoes, chilli peppers, and seasoning.

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Mentre gli affitti e il costo delle corse Uber hanno raggiunto livelli da capogiro, l’aumento dei prezzi dei generi alimentari è uno dei risultati più dolorosi dell’inflazione. A maggio, i prezzi dei generi alimentari nell’area di New York sono aumentati al ritmo annuale più rapido dal 1981. I prezzi dei generi alimentari erano ancora più alti del 9.1% rispetto all’anno precedente a New York e del 10.4% a livello nazionale. Il numero di bambini che visitano le dispense alimentari è aumentato del 55% all’inizio dell’anno rispetto a prima della pandemia.

3.50 dollari per un bagel con crema di formaggio e 1.50 dollari per un caffè caldo in un carretto. Poiché i prezzi elevati di cibo e benzina hanno messo a dura prova il suo budget, a volte salta la colazione o il pranzo per far fronte ai suoi 700 dollari di affitto mensile, o fa acquisti nei negozi da 99 centesimi. Il suo salario orario è recentemente aumentato del 5.4%, da 24.62 a 25.95 dollari.

Gli è costato 3.75 dollari per una pallina di gelato alla fragola, un ordine che è aumentato di 25 centesimi quest’estate. Ha anche comprato una scatola di dolci, tra cui una porzione di tiramisù da 7 dollari, che è aumentata di 50 centesimi. Non volete arrabbiarvi troppo, perché sapete che anche i ristoratori stanno pagando un prezzo elevato, quindi provate empatia, ma siete arrabbiati per l’aumento dei prezzi. Un nuovo frigorifero ha impiegato più di un anno per arrivare. I prezzi del burro sono aumentati, in parte a causa degli alti costi dei mangimi per il bestiame, esacerbati dalla siccità in alcune parti degli Stati Uniti.

18 dollari per un panino. Ha speso 30.48 dollari: un caffè freddo a 4 dollari, un panino con gamberi e scalogno a 18 dollari e una torta di riso ai frutti di bosco a 6 dollari. Hanno aumentato i prezzi per far fronte all’aumento dei costi del cibo e della manodopera, ma non hanno voluto specificare di quanto. Secondo il Dipartimento dell’Agricoltura degli Stati Uniti, il prezzo delle uova, ingrediente di molti prodotti Win Son, dovrebbe aumentare del 78% quest’anno, dopo che una grave epidemia di influenza aviaria ha decimato gli allevamenti di polli e ridotto la produzione di uova.

8 dollari per i mirtilli. È rimasta scioccata nello scoprire che una libbra di frutti di bosco costava almeno 8 dollari. Poiché la guerra in Ucraina ha limitato la fornitura di petrolio, i prezzi elevati del gas hanno reso più costoso per i camion del signor Migliorelli trasportare i prodotti a 100 miglia dalla Hudson Valley alla città. Il prezzo dei fertilizzanti è salito alle stelle, esacerbato dalle interruzioni della catena di approvvigionamento e delle esportazioni dovute alla guerra. Una libbra di pomodori ciliegini al suo stand costa ora 12 dollari, contro i 10 dell’anno scorso.

15 dollari per le patatine fritte. Ha ordinato un cocktail di gin e vodka blu neon per 20 dollari, e poi ha diviso 15 dollari di patatine fritte e 19 dollari di patatine con guacamole.

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«While rent and the cost of Uber trips have reached eye-popping levels, rising food prices are among the most painful results of inflation. In May, food prices in the New York City area rose at their fastest annual pace since 1981. Food prices were still 9.1 percent higher than a year earlier in New York and 10.4 percent higher nationwide. The number of children visiting food pantries was 55 percent higher earlier this year than it was before the pandemic»

«$3.50 for an everything bagel with plain cream cheese and $1.50 for a hot coffee at a street cart. Since high food and gas prices have strained his budget, he will sometimes skip breakfast or lunch to make his $700 monthly rent, or shop at 99-cent stores. His hourly wage recently increased by 5.4 percent, from $24.62 to $25.95»

«It cost him $3.75 for one scoop of strawberry ice cream, an order that increased by 25 cents this summer. He also bought a box of pastries, including a $7 portion of tiramisù, which increased by 50 cents. You almost don’t want to get too mad because you know the restaurant owners are also paying a hefty priceSo you feel empathy, but you’re upset about the price increases. A new refrigerator took more than a year to arrive. Butter prices have surged, partly because of high costs for cattle feed, exacerbated by a drought in parts of the United States»

«$18 for a Sandwich. He spent $30.48 — a cold brew coffee for $4, a shrimp scallion pancake sandwich for $18 and a berry rice cake for $6. They have increased prices to deal with rising food and labor costs, but declined to detail by how much. The price of eggs, an ingredient in several Win Son items, is projected to jump 78 percent this year, according to the U.S. Department of Agriculture, after a major bird flu outbreak decimated chicken flocks and lowered egg production.»

«$8 for Blueberries. She was shocked to discover that a pint of berries was now at least $8. As the war in Ukraine constrained the supply of oil, high gas prices made it more expensive for Mr. Migliorelli’s trucks to drive produce 100 miles from the Hudson Valley to the city. The price of fertilizer has soared, exacerbated by the supply-chain and export disruptions of the war. A pound of cherry tomatoes at his stand is now $12, up from $10 last year»

«$15 for French Fries. She ordered a neon blue gin and vodka cocktail for $20, and then split $15 French fries and $19 chips with guacamole»

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$15 French Fries and $18 Sandwiches: Inflation Hits New York

As food prices rise at the fastest rate in decades, it’s become more expensive to eat and drink in New York City.

This was supposed to be a summer of long-awaited celebrations in New York City, the return of a packed calendar full of birthday dinners and happy hours. But New Yorkers are confronting sticker shock everywhere they look, whether they’re shopping for barbecue supplies at the grocery store, ordering a beer after work or grabbing a late-night slice of pizza.

While rent and the cost of Uber trips have reached eye-popping levels, rising food prices are among the most painful results of inflation. In May, food prices in the New York City area rose at their fastest annual pace since 1981, according to the Bureau of Labor Statistics. The effects have been especially visible throughout the city — everybody has to eat.

The increase slowed in June, the most recent inflation report showed, but food prices were still 9.1 percent higher than a year earlier in New York and 10.4 percent higher nationwide.

Rising prices have come for beloved New York staples like the ice cream cones at Mister Softee trucks and the bacon, egg and cheese sandwiches at bodegas. And they have worsened the city’s hunger crisis; the number of children visiting food pantries was 55 percent higher earlier this year than it was before the pandemic, according to City Harvest, the largest food rescue organization in New York City.

Many restaurants and bars that survived the pandemic resisted raising prices last year, afraid of scaring away customers during a fragile recovery. Now, as businesses have increased wages to attract workers in a competitive labor market while facing soaring food and energy costs, higher prices are popping up on menus across the city.

We followed five New Yorkers last month during their weekly eating routines to document where they were seeing the effects of inflation.

                         $3.50 for a Bagel

On a recent Monday morning, shortly after arriving at work, Mamadu Jalloh paid $3.50 for an everything bagel with plain cream cheese and $1.50 for a hot coffee at a street cart near his job in Queens, where he works at a nonprofit organization that helps formerly homeless adults.

The cart’s owner, Ali Apdelwyhap, had just raised coffee prices by 50 cents. Almost every single item in his cart had become more expensive, even the bags of ice he uses to store drinks. He was hesitant to go beyond 50 cents, worried his regulars — who include a large number of construction workers — would stop coming. “It’s too much for people,” he said.

Before the pandemic, Mr. Apdelwyhap’s breakfast cart had been parked in Midtown, serving lawyers and bankers who seemed less sensitive to price increases. Now, with most office workers no longer commuting five days a week, he said he can’t sustain his business there. He settled on this new corner along the northeastern waterfront in Queens after noticing construction sites nearby, hoping it would be a place where workers were required to show up in person.

Mr. Jalloh, 28, is one of them, driving in five days a week from his home in the South Bronx. Since high food and gas prices have strained his budget, he will sometimes skip breakfast or lunch to make his $700 monthly rent, or shop at 99-cent stores.

His hourly wage recently increased by 5.4 percent, from $24.62 to $25.95, as part of a citywide cost-of-living adjustment given to certain nonprofit workers. But, Mr. Jalloh said, it has done little to defray the impact of inflation. “It’s helping, but it’s not really helping,” he said.

                         $3.75 for Ice Cream

Patrick Dunne, a second-year medical student, stopped by Veniero’s Pasticceria & Caffe, a bakery in the East Village of Manhattan, for a midday snack. It cost him $3.75 for one scoop of strawberry ice cream, an order that increased by 25 cents this summer. He also bought a box of pastries, including a $7 portion of tiramisù, which increased by 50 cents.

Mr. Dunne, 25, brought the pastries back to his family in the Bronx. He moved in with them after leaving his Manhattan apartment early in the pandemic, and now, with rents surging, he cannot afford his own place.

Mr. Dunne was excited about a summer of eating out with friends, but on days when he has hospital shifts, he more frequently brings granola bars from home or eats from the dollar menu at McDonald’s.

“You almost don’t want to get too mad because you know the restaurant owners are also paying a hefty price,” he said. “So you feel empathy, but you’re upset about the price increases.”

At Veniero’s, the staff was juggling an onslaught of pandemic disruptions. A new refrigerator took more than a year to arrive. Butter prices have surged, partly because of high costs for cattle feed, exacerbated by a drought in parts of the United States. A waitress who quit because she was unvaccinated has not yet been replaced.

Robert Zerilli, the fourth-generation owner, said he “had no choice” but to raise prices last month. “We have to make a profit,” he said.

                         $18 for a Sandwich

During his lunch break on a work-from-home day, Mychal Lopez, 32, walked to Win Son Bakery, a Taiwanese cafe near his apartment in Brooklyn’s East Williamsburg neighborhood. He spent $30.48 — a cold brew coffee for $4, a shrimp scallion pancake sandwich for $18 and a berry rice cake for $6.

The owners of Win Son said they have increased prices to deal with rising food and labor costs, but declined to detail by how much. The price of eggs, an ingredient in several Win Son items, is projected to jump 78 percent this year, according to the U.S. Department of Agriculture, after a major bird flu outbreak decimated chicken flocks and lowered egg production.

Mr. Lopez said the coffee at Win Son was still cheaper than the typical price in Midtown, where he commutes four days a week to his job for a fashion retailer. The average price of a 16-ounce cold brew around there is $4.88, according to the prices listed at 13 coffee shops.

Mr. Lopez said he has been bringing lunch to the office more after he recently paid $6 for a matcha latte in Midtown. “It’s symptomatic of New York,” he said, sighing. “You’re just like, this is what I need to do to live in the city and get through the day.”

                         $8 for Blueberries

For years, Margaret Rodgers, a retiree who lives in Astoria, Queens, has shopped for fruits and vegetables at the Union Square farmers’ market in Manhattan. She keeps track of her food budget by filling a pouch with $80 in cash. But lately, the pouch has emptied after just two trips to the market. She was shocked to discover that a pint of berries was now at least $8.

“For the first time in my life, I am really feeling the effects of the increasing cost of food,” said Ms. Rodgers, 79.

Ken Migliorelli, who sells produce at the market from his family farm in Dutchess County, said he has had to raise prices across the board. As the war in Ukraine constrained the supply of oil, high gas prices made it more expensive for Mr. Migliorelli’s trucks to drive produce 100 miles from the Hudson Valley to the city. The price of fertilizer has soared, exacerbated by the supply-chain and export disruptions of the war.

This year, Mr. Migliorelli raised the price of blueberries by $2 to $3; they’re now $8 a pint. A pound of peaches rose to $5, from $3.50 last year.

Zaid Kurdieh of Norwich Meadow Farms, another vendor at the Union Square market, said he is trying to minimize price increases on staples like zucchini and carrots, but plans to raise prices by as much as 30 percent on items that are in demand at high-end restaurants, like baby squash. A pound of cherry tomatoes at his stand is now $12, up from $10 last year.

“I can’t keep up with expenses at the moment,” Mr. Kurdieh said. “I’m not seeing the light at the end of the tunnel.”

                         $15 for French Fries

After a day of work, Kathy Li met up with a colleague at the Skylark, a cocktail bar near Times Square. She ordered a neon blue gin and vodka cocktail for $20, and then split $15 French fries and $19 chips with guacamole — a price she described as “ridiculous.”

Ms. Li, 30, said the financial firm where she works provides free breakfast, lunch and snacks, which frees up her budget to go out frequently for drinks or dinner.

This summer, the Skylark raised prices on its chips and guacamole by $1.25 after avocado prices skyrocketed. (The United States temporarily suspended avocado imports from the Mexican state of Michoacan after a U.S. inspector there faced a safety threat.)

Because of the pandemic, the bar stayed shut until October 2021, and then the Omicron variant prompted widespread cancellations of holiday parties in December, typically the bar’s most lucrative month, according to David Rabin, a Skylark co-owner.

Mr. Rabin has been trying to recover from those losses while also contending with high employee turnover. He increased wages for some managers and spent more on training new hires for positions like security guards.

Mr. Rabin and the bar’s managers had a monthslong debate about whether to raise alcohol prices by $1 and charge $20 per cocktail, a threshold that Mr. Rabin had long resisted.

“We’re not trying to make anyone feel like we’re trying to fleece them,” Mr. Rabin said. But after noticing similar bars in the area charging at least $20, the bar owners decided to make the move. “It has become, unfortunately, the norm,” he said.

Pubblicato in: Armamenti, Cina

Cina. Ha lanciato un satellite che gestisce una rete globale di comunicazioni quantistiche.

Giuseppe Sandro Mela.

2022-08-12.

Banca Centrale Cina

«QUESS has enormous prospects in the defence sphere»

«The mission cost was around US$100 million in total»

Sicuramente la entità degli investimenti produce arricchimento scientifico, ma nulla vicaria la potenza della intelligenza umana lasciata libera di pensare.

La intelligenza è il vero patrimonio di un popolo. Intelligenti si nasce, non lo si diventa.

Ma la collettività riesce ad identificare e a far crescere la intelligenza solo ed esclusivamente se è anche essa intrinsecamente libera e sostanzialmente meritocratica, come lo è la Cina.

* * * * * * *

La distribuzione a chiave quantistica (in sigla QKD, dall’inglese: Quantum key distribution) è un sistema della meccanica quantistica per garantire comunicazioni sicure. Abilita due parti a produrre e condividere una chiave segreta casuale solamente tra di loro che potranno usare per cifrare e decifrare i loro messaggi. Spesso, è chiamata impropriamente crittografia quantistica, poiché è l’esempio meglio conosciuto tra le operazioni di crittografia quantistica. Un’importante e unica proprietà della distribuzione quantistica è la capacità dei due utenti in comunicazione di rilevare la presenza di una terza parte che tenta di ottenere informazioni sulla chiave, dovuto al fatto che un processo di misura in un sistema quantistico in generale disturba il sistema.

La sicurezza della distribuzione a chiave quantistica si affida sui fondamenti della meccanica quantistica rispetto al tradizionale protocollo di distribuzione a chiave che si affida sulla difficoltà computazionale di certe funzioni matematiche, e non può fornire alcuna indicazioni al riguardo di possibili intercettazioni. La distribuzione a chiave quantistica è usata solo per produrre e distribuire la chiave, non per trasmettere qualsivoglia messaggio. La chiave può essere usata con qualsiasi algoritmo di cifrazione e decifrazione, che trasmetterà poi il messaggio su un canale di comunicazione standard. L’algoritmo più comunemente associato a questa chiave è il cifrario di Vernam. I sistemi commerciali esistenti ad oggi di distribuzione a chiave quantistica sono specificatamente pensati per governi e imprese con alti requisiti di sicurezza.

* * * * * * *

«Quantum Experiments at Space Scale, QUESS, is a Chinese research project in the field of quantum physics. Tiangong-2 is China’s second Space Laboratory module which was launched on 15 Sep 2016. Tiangong-2 carries a total of 14 mission  and experiment packages, including Space-Earth quantum key distribution and laser communications experiment to facilitate space-to-ground quantum communication. A satellite, nicknamed Micius or Mozi after the ancient Chinese philosopher, is operated by the Chinese Academy of Sciences.

QUESS is a proof-of-concept mission designed to facilitate quantum optics experiments over long distances to allow the development of quantum encryption and quantum teleportation technology. Quantum encryption uses the principle of entanglement to facilitate communication that can absolutely detect whether a third party has intercepted a message in transit thus denying undetected decryption. By producing pairs of entangled photons, QUESS will allow ground stations separated by many thousands of kilometres to establish secure quantum channels. QUESS itself has limited communication capabilities: it needs line-of-sight, and can only operate when not in sunlight. The mission cost was around US$100 million in total. QUESS has enormous prospects in the defence sphere. The satellite will provide secure communications between Beijing. China is aiming to achieve the capability to counter the use of enemy space technology. The launch put China ahead of rivals, and brought them closer to hack-proof communications.» [Fonte]

* * * * * * *

La Cina ha lanciato mercoledì un nuovo satellite quantistico che potrebbe essere il primo passo verso la creazione di una rete di comunicazione ultra-sicura con copertura globale. Si tratta di uno dei sei satelliti lanciati intorno a mezzogiorno dal razzo a risposta rapida Lijian dal centro di lancio satellitare di Jiuquan, nel deserto del Gobi. È uno dei sei satelliti lanciati intorno a mezzogiorno dal razzo a risposta rapida Lijian dal centro di lancio satellitare Jiuquan nel deserto del Gobi. Una rete di chiavi quantistiche utilizza particelle entangled per criptare un messaggio. Qualsiasi tentativo di furto o decodifica altera fisicamente il messaggio e allerta il destinatario, grazie alla legge della fisica quantistica. Chiamato Jinan 1, pesa meno di 100 kg.

Jinan 1 entrerà in servizio dopo un mese di test ed è solo il primo passo. Altri satelliti di questo tipo saranno lanciati nel prossimo futuro per supportare la comunicazione quantistica per oltre 100 utenti in tutto il mondo. t è anche un passo importante. La Cina è il primo Paese al mondo a realizzare la distribuzione di chiavi quantistiche in tempo reale, da satellite a terra, con un micro-satellite e stazioni terrestri miniaturizzate.

Mentre i satelliti di comunicazione tradizionali servono principalmente come relè, il compito più importante di un satellite quantistico è quello di generare particelle entangled da utilizzare come chiavi quantistiche. Queste chiavi quantistiche potrebbero diventare una risorsa preziosa per la comunicazione globale.

Nel maggio 2020 è iniziato un esperimento da record, condotto da un’altitudine di 36.000 km, ovvero 60 volte più in alto dell’orbita di Mozi, ha scritto Sun in un articolo pubblicato sul Chinese Journal of Astronautics nel luglio dello scorso anno. L’esperimento è stato apparentemente interrotto dopo che il satellite è stato avvicinato da un satellite di sorveglianza spaziale statunitense.

* * * * * * *

«China launched a new quantum satellite on Wednesday that could be a first step towards establishing an ultra-secure communications network with global coverage. It was one of six satellites launched around noon by the Lijian quick response rocket from the Jiuquan Satellite Launch Centre in the Gobi Desert. It was one of six satellites launched around noon by the Lijian quick response rocket from the Jiuquan Satellite Launch Centre in the Gobi Desert. A quantum key network uses entangled particles to encrypt a message. Any attempt to steal or decode will alter the message physically and alert the receiver, thanks to the law of quantum physics. Called Jinan 1, it weighs less than 100kg.»

«Jinan 1 would enter service after a month of testing and it was “just the first step”. More such satellites would be launched in the near future to support quantum communication for more than 100 users around the globe. t is also an important step. It makes China the first country in the world to achieve real-time, satellite-to-ground quantum key distribution with micro-nano satellite and miniaturised ground stations»

«While traditional communication satellites mainly serve as a relay, the most important job of a quantum satellite is to generate entangled particles to be used as quantum keys. Those quantum keys could become a valuable resource for global communication»

«A record-breaking experiment began in May 2020, conducted from an altitude of 36,000km – or 60 times higher than Mozi’s orbit, Sun wrote in a paper in the Chinese Journal of Astronautics in July last year. The experiment was apparently paused after the satellite was approached by a US space surveillance satellite»

* * * * * * *


China launches new satellite in ‘important step’ towards global quantum communications network

– Jinan 1 will conduct key distribution experiments in lower-Earth orbit after a month of testing

– More launches planned for near future to support quantum communication for over 100 users

* * * * * * *

China launched a new quantum satellite on Wednesday that could be a first step towards establishing an ultra-secure communications network with global coverage.

It was one of six satellites launched around noon by the Lijian quick response rocket from the Jiuquan Satellite Launch Centre in the Gobi Desert, according to Xinhua.

The quantum satellite, developed by the Chinese Academy of Sciences, would conduct quantum key distribution experiments in lower-Earth orbit, the report said.

A quantum key network uses entangled particles to encrypt a message. Any attempt to steal or decode will alter the message physically and alert the receiver, thanks to the law of quantum physics.

It is the second quantum satellite launched by China after it sent the world’s first such satellite, Mozi, into orbit in August 2016.

Called Jinan 1, it weighs less than 100kg – about a sixth of the weight of Mozi – but can generate quantum keys at speeds two or three magnitude higher, the project team said in a statement posted on WeChat.

It said Jinan 1 would enter service after a month of testing and it was “just the first step”. More such satellites would be launched in the near future to support quantum communication for more than 100 users around the globe.

“It is also an important step. It makes China the first country in the world to achieve real-time, satellite-to-ground quantum key distribution with micro-nano satellite and miniaturised ground stations,” the statement said.

China’s first quantum satellite, Mozi, is equipped with what was the most sensitive device when it went into orbit six years ago – it can produce and detect a single photon, or an extremely weak particle of light. The satellite has conducted record-breaking experiments in quantum physics, including proving the feasibility of quantum communication from one continent to another.

But researchers involved in the project say Mozi has its limits. The first generation of space-based quantum communication devices, for instance, can only establish a stable link with the ground at night because the sun produces so much noise that the light signals are drowned out. Also, the bandwidth for quantum key distribution – which is as small as dial-up – restricts communication to voice or low-resolution videos.

In recent years, the team – led by Pan Jianwei, a professor and executive vice-president of the University of Science and Technology of China in Hefei – has been working to find solutions to these problems. That includes developing new technologies to maintain quantum communication during the daytime and in bad weather, according to research papers published by the team.

Zhao Yongli, a professor at the Beijing University of Posts and Telecommunications who is not part of the Mozi team, wrote in a 2020 research paper that technological developments had prompted China to build a quantum satellite constellation to take high-speed, stable quantum communication around the globe

While traditional communication satellites mainly serve as a relay, the most important job of a quantum satellite is to generate entangled particles to be used as quantum keys. Those quantum keys could become a valuable resource for global communication in the future, according to Zhao, who works in the State Key Laboratory of Information Photonics and Optical Communications at the university.

He said the more quantum satellites in orbit, the more keys could be generated and sent to a “pool” for users with high security demands.

“The idea is to continuously generate quantum keys between each pair of connected nodes, and then store the keys in a quantum key pool” managed by a central agency in China, Zhao said in the paper published in Chinese peer-reviewed journal Radio Communications Technology.

“Low-Earth orbit (LEO) satellites have the advantages of small channel loss and low transmission delay. It is a more feasible way to use the networking of LEO satellites to build a quantum satellite constellation,” he said.

Zhao said China also planned to have quantum satellites in high-Earth orbit (GEO or geosynchronous orbit) where they could remain relatively stationary with the ground. He estimated that three such satellites could cover the entire planet.

There would be significant transmission loss, but Zhao said GEO satellites could “generate keys continuously at a lower rate” and send them to the pool.

He said the Mozi team had been working on technologies to improve the efficiency of satellite links – including developing larger receiving mirrors and more accurate targeting systems – aiming to increase the rate of key generation.

China has also been testing cutting-edge quantum telecoms technology on Shijian 20, its most advanced communication satellite, according to Sun Xiaojie, a senior engineer with the Quantum Engineering Research Centre at the China Aerospace Science and Technology Corporation in Beijing.

A record-breaking experiment began in May 2020, conducted from an altitude of 36,000km – or 60 times higher than Mozi’s orbit, Sun wrote in a paper in the Chinese Journal of Astronautics in July last year.

The experiment was apparently paused after the satellite was approached by a US space surveillance satellite, USA 271, in August 2020 and it moved away at speed, according to a report by US military website Breaking Defence.

Sun said in the paper that the experiment resumed in November but did not mention the encounter with the US satellite. She said the research suggested that the error rate of light signals from a geostationary satellite was between 2 and 8 per cent, which was “good enough for quantum key distribution”.

Pubblicato in: Armamenti, Cina, Geopolitica Asiatica, Problemi militari, Stati Uniti

Cina e Formosa. Xi ed il trionfo della scuola mandarinica. L’occidente è stato sgominato.

Giuseppe Sandro Mela.

2022-08-11.

2022-08-10__ China Drills 001

«The exercise demonstrated that blockade in a conflict need not require a constant naval presence offshore»

«L’esercitazione ha dimostrato che il blocco in un conflitto non richiede necessariamente una presenza navale costante al largo»

Cina e Formosa. Report numerico che ne quantizza i rapporti

Gli occidentali non si sono mai peritati di studiare a fondo la storia e la cultura cinese né, tanto meno, la storia e la Weltanschauung della scuola mandarinica. Per non parlare poi di conoscere la lingua cinese. Sono convinti di essere una razza superiore, come quella che i russi fecero sfilare per le strade di Mosca. Sono convinti che tutto il mondo debba parlare inglese e condividere gioiosamente la loro ideologia.

La vittoria arride invece alla Cina ed a Mr Xi, potentemente aiutati dalla ottusa superbia occidentale.

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Le esercitazioni militari cinesi dimostrano che Pechino non ha bisogno di invadere Taiwan per controllarla, ma può strangolare l’isola autogovernata, tagliandola fuori dal mondo esterno. Le esercitazioni dell’Esercito Popolare di Liberazione (PLA), iniziate ufficialmente giovedì scorso, si sono concentrate su sei zone che hanno essenzialmente circondato Taiwan, limitando l’accesso alle navi e agli aerei civili nell’area, mentre le forze armate hanno condotto esercitazioni a fuoco vivo e lanci di missili. Le sei aree sono state scelte per mostrare come la Cina potrebbe tagliare i porti di Taiwan, attaccare le sue installazioni militari più importanti e tagliare l’accesso alle forze straniere che potrebbero venire in aiuto di Taiwan.

Collegare le sei aree in una linea, come un cappio, con il nodo del cappio proprio in direzione sud-ovest. Il Partito Comunista Cinese considera la democratica Taiwan come un suo territorio, nonostante non l’abbia mai controllata. L’unione di Taiwan con la terraferma è una pietra miliare della politica cinese e il presidente Xi Jinping non ha escluso l’uso della forza per riportare l’isola sotto il controllo di Pechino.

Le aree di esercitazione settentrionali sono riuscite a isolare Taiwan da Okinawa, l’isola dove sia il Giappone che gli Stati Uniti basano ingenti risorse militari. Nelle aree meridionali, il PLA ha dimostrato di poter controllare il Canale di Bashi, unica via di accesso e di uscita dal Mar Cinese Meridionale, ha aggiunto. E nelle zone orientali, le forze cinesi hanno dimostrato che un accurato fuoco missilistico cinese può costringere le navi da guerra straniere ad allontanarsi dalle acque di Taiwan.

Nei giorni precedenti, il PLA ha anche sparato razzi verso piccole isole controllate da Taiwan vicino alla terraferma e ha lanciato missili balistici più lontano, alcuni dei quali hanno sorvolato Taiwan e sono caduti nell’oceano a est dell’isola. Cinque sono caduti nella zona economica esclusiva del Giappone, un messaggio a uno dei principali sostenitori di Taiwan e al governo di Taipei.

Le navi e gli aerei commerciali sono stati avvertiti di non avvicinarsi alle zone di esercitazione, costringendo i trasportatori e le compagnie aeree a organizzare rotte alternative. Il blocco di sei zone ha dimostrato che qualsiasi conquista di Taiwan potrebbe iniziare con una strategia di isolamento. L’esercitazione ha dimostrato che il blocco in un conflitto non richiede necessariamente una presenza navale costante al largo, ma piuttosto il traffico marittimo e aereo può essere scoraggiato da minacce aeree e missilistiche a sostegno di un blocco marittimo.

Le dimensioni, l’estensione geografica e la complessità dell’esercitazione riflettono mesi di pianificazione. Nulla permette di conoscere meglio le reali capacità di un esercito che vederle schierate.

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«China’s military exercises show Beijing doesn’t need to invade Taiwan to control it — rather it can strangle the self-ruled island, cutting it off from the outside world. The People’s Liberation Army (PLA) drills, which officially began last Thursday, focused on six zones that essentially encircled Taiwan, restricting access to civilian ships and aircraft in the area, as forces conducted live-fire drills and missile launches. The six areas were chosen to show how China could cut off Taiwan’s ports, attack its most important military installations, and sever access for foreign forces that may come to Taiwan’s aid.

«Connect the six areas in a line, like a noose, with the knot of the noose right in the southwest direction. China’s Communist Party views democratic Taiwan as its territory — despite never having controlled it. Uniting Taiwan with the mainland is a cornerstone of Chinese policy and President Xi Jinping has not ruled out the use of force to bring the island under Beijing’s control»

«The northern exercise areas had successfully sealed off Taiwan from Okinawa, the island where both Japan and the United States base substantial military assets. In the southern areas, the PLA showed it could control the Bashi Channel,  only way to enter and exit the South China Sea, he said. And in the eastern areas, China’s forces showed that accurate Chinese missile fire could force foreign warships to back away from Taiwan’s waters»

«On previous days, the PLA also fired rockets toward small, Taiwan-controlled islands near the mainland, and launched ballistic missiles farther afield, with some flying over Taiwan and falling in the ocean east of the island. Five splashed down in Japan’s Exclusive Economic Zone — a message to one of Taiwan’s key supporters as well as the government in Taipei»

«Commercial ships and aircraft were warned to stay clear of the exercise zones, forcing shippers and airlines to arrange alternative routes. The blockade of six zones showed that any takeover of Taiwan could begin with an isolation strategy. The exercise demonstrated that blockade in a conflict need not require a constant naval presence offshore, but rather, shipping and air traffic can be deterred by air and missile threats in support of a maritime blockade»

«The size, geographic expanse and complexity of the exercise reflected months of planning. Nothing provides better insights into the actual capability of a military than seeing them deployed»

* * * * * * *


China drills show Beijing is developing the ability to strangle Taiwan, experts say

Seoul, South Korea (CNN). China’s military exercises show Beijing doesn’t need to invade Taiwan to control it — rather it can strangle the self-ruled island, cutting it off from the outside world, Chinese and American analysts say.

The People’s Liberation Army (PLA) drills, which officially began last Thursday, focused on six zones that essentially encircled Taiwan, restricting access to civilian ships and aircraft in the area, as forces conducted live-fire drills and missile launches.

Meng Xiangqing, a professor at the PLA National Defense University, said the six areas were chosen to show how China could cut off Taiwan’s ports, attack its most important military installations, and sever access for foreign forces that may come to Taiwan’s aid.

“Connect the six areas in a line, like a noose, with the knot of the noose right in the southwest direction,” Meng said in an interview with state-run broadcaster CCTV.

China’s Communist Party views democratic Taiwan as its territory — despite never having controlled it. Uniting Taiwan with the mainland is a cornerstone of Chinese policy and President Xi Jinping has not ruled out the use of force to bring the island under Beijing’s control.

Meng noted the northern exercise areas had successfully sealed off Taiwan from Okinawa, the island where both Japan and the United States base substantial military assets. In the southern areas, the PLA showed it could control the Bashi Channel, “the only way to enter and exit the South China Sea,” he said. And in the eastern areas, China’s forces showed that accurate Chinese missile fire could force foreign warships to back away from Taiwan’s waters, he added.

“This is an unprecedented encirclement of Taiwan Island,” Meng said.

And on Monday, China issued a notice to say drills were continuing.

                         A trigger for long-planned exercises

The exercises kicked off after US House Speaker Nancy Pelosi angered Beijing by visiting Taipei last week to show her support for democracy on the island.

Beijing flooded the seas and skies around Taiwan with ships and jets — as many as 80 Chinese warplanes and vessels were detected in the Taiwan Strait Sunday, according to Taiwan’s Defense Ministry.

On previous days, the PLA also fired rockets toward small, Taiwan-controlled islands near the mainland, and launched ballistic missiles farther afield, with some flying over Taiwan and falling in the ocean east of the island. Five splashed down in Japan’s Exclusive Economic Zone — a message to one of Taiwan’s key supporters as well as the government in Taipei.

A map of the six Chinese exercise areas “clearly plots out where the Chinese think the key operating areas are for their strategic intimidation of Taiwan,” Mick Ryan, an adjunct fellow at the Center for Strategic and International Studies and former Australian Army general, wrote on Twitter.

Commercial ships and aircraft were warned to stay clear of the exercise zones, forcing shippers and airlines to arrange alternative routes.

Carl Schuster, a former director of operations at the US Pacific Command’s Joint Intelligence Center in Hawaii said the blockade of six zones showed that any takeover of Taiwan could begin with an isolation strategy.

“The exercise demonstrated that blockade in a conflict need not require a constant naval presence offshore, but rather, shipping and air traffic can be deterred by air and missile threats in support of a maritime blockade,” Schuster said.

“The exercise … suggests Beijing would first isolate Taiwan and resort to air and missile strikes in hopes of breaking Taipei’s political will. A costly invasion probably is a last resort,” Schuster said.

                         What could come next

Schuster said much of what Beijing demonstrated had long been in the works. The drills coincided with standard military exercises on the PLA’s training calendar, but he said Pelosi’s visit allowed China to make a bigger statement.

“The size, geographic expanse and complexity of the exercise reflected months of planning,” he said. “This exercise marks the latest escalation in China’s expanding military exercise and Taiwan-intimidation campaign.”

He said he expects the PLA will continue to put pressure on Taiwan, and could also send a message to Japan with more drills to the north of the island.

New exercises are also likely in the South China Sea, the 1.3 million square miles of water, almost all of which China claims as its sovereign territory, where Beijing has built up military fortifications on contested islands, Schuster said.

While continuing exercises will allow the PLA to refine its tactics and operations, they also can provide an opportunity for adversaries to learn about the modern Chinese military, experts say.

“Nothing provides better insights into the actual capability of a military than seeing them deployed,” Ryan, the former Australian Army general, wrote on Twitter.

With last week’s drills, Xi had to demonstrate he would not waver on his commitment to bringing Taiwan under Beijing’s control, Schuster said. Pelosi’s visit to the island posed a direct threat to that by presenting an alternative vision of democracy.

“(Pelosi) leads the democratically elected branch that originates America’s government funding and economic policies. Her position and role makes her commitment to Taiwan’s security particularly significant,” Schuster said.

“Unable to bully her, Xi had to demonstrate China’s power — diplomatic, economic and military,” he said.

While the military exercises gave Xi strong visuals to support his resolve, China also hit Pelosi and the US government with a range of sanctions.

The measures include the cancellation of future phone calls and meetings between Chinese and US military leaders and the suspension of cooperation on matters including the repatriation of illegal immigrants, legal assistance on criminal matters and the combat of transnational crimes. Talks on climate change were also suspended.

Beijing also announced measures targeting Pelosi and members of her immediate family.

“The goal is intimidation via the application of all elements of Chinese power,” Schuster said.

Pubblicato in: Banche Centrali, Cina, Stati Uniti

Cina e Formosa. Report numerico che ne quantizza i rapporti.

Giuseppe Sandro Mela.

2022-08-10.

2020-03-16__ Pallottoliere 001

Il commercio di Taiwan con la Cina è di gran lunga superiore a quello con gli Stati Uniti. L’anno scorso, la Cina continentale e Hong Kong hanno rappresentato il 42% delle esportazioni di Taiwan, mentre gli Stati Uniti avevano una quota del 15%. Circa il 22% delle importazioni di Taiwan lo scorso anno proveniva dalla Cina continentale e da Hong Kong, contro il 10% degli Stati Uniti. Molte aziende con sede a Taiwan gestiscono fabbriche nella Cina continentale. Nel 2021, le aziende di Taiwan hanno ricevuto 200.1 miliardi di dollari in ordini di esportazione dagli Stati Uniti.

I dati mostrano che Taiwan dipende dalla Cina per gli scambi commerciali più di quanto non dipenda dagli Stati Uniti, anche se questa settimana il presidente della Camera dei Deputati Nancy Pelosi ha appoggiato Taiwan in una visita di alto profilo.

Gli Stati Uniti riconoscono Pechino come unico governo legale della Cina, pur mantenendo relazioni non ufficiali con Taiwan. Tuttavia, i legami economici e commerciali di Taiwan con la Cina continentale e Hong Kong sono cresciuti a tal punto che la regione è di gran lunga il principale partner commerciale dell’isola.

Molte grandi aziende taiwanesi del settore high-tech, come il più grande produttore di chip al mondo, la Taiwan Semiconductor Manufacturing Co. o TSMC. – hanno fabbriche nella Cina continentale. L’anno scorso, la Cina continentale e Hong Kong hanno rappresentato il 42% delle esportazioni di Taiwan, mentre gli Stati Uniti hanno avuto una quota del 15%. In totale, nel 2021 Taiwan ha esportato beni per 188.91 miliardi di dollari verso la Cina continentale e Hong Kong. Le esportazioni di Taiwan verso il Sud-Est asiatico sono state addirittura superiori a quelle verso gli Stati Uniti, con 70.25 miliardi di dollari verso la regione, contro i 65.7 miliardi di dollari verso gli Stati Uniti. Come fonte delle importazioni di Taiwan, la Cina continentale e Hong Kong si sono nuovamente classificate al primo posto con una quota del 22%. Gli Stati Uniti hanno registrato solo una quota del 10%, dietro a Giappone, Europa e Sud-est asiatico. Le esportazioni di Taiwan verso il Sud-est asiatico sono state addirittura superiori a quelle verso gli Stati Uniti, con 70.25 miliardi di dollari verso la regione, contro 65.7 miliardi di dollari verso gli Stati Uniti. Come fonte delle importazioni di Taiwan, la Cina continentale e Hong Kong si sono nuovamente classificate al primo posto con una quota del 22%. Gli Stati Uniti hanno raggiunto solo il 10%, dietro a Giappone, Europa e Sud-est asiatico.

Negli ultimi anni, Taiwan ha acquistato una quantità crescente di prodotti dalla Cina continentale e viceversa.

Negli ultimi cinque anni, le importazioni di Taiwan dalla Cina continentale sono aumentate di circa l’87%, contro una crescita del 44% delle importazioni dagli Stati Uniti. Le esportazioni di Taiwan verso la Cina continentale sono cresciute del 71% tra il 2016 e il 2021. Ma le esportazioni verso gli Stati Uniti sono quasi raddoppiate, con una crescita del 97%. Nel 2021, le aziende di Taiwan riceveranno 200.1 miliardi di dollari in ordini di esportazione dagli Stati Uniti.

* * * * * * *

«Taiwan’s trade with China is far bigger than its trade with the U.S.. Mainland China and Hong Kong accounted for 42% of Taiwan’s exports last year, while the U.S. had a 15% share. About 22% of Taiwan’s imports last year came from mainland China and Hong Kong, versus 10% from the U.S. Many Taiwan-based companies operate factories in mainland China. In 2021, Taiwan businesses received $200.1 billion in U.S. export orders»

«Data show that Taiwan depends more on China for trade than it does on the U.S., even if U.S. House Speaker Nancy Pelosi threw her weight behind Taiwan this week in a high-profile visit»

«The U.S. recognizes Beijing as the sole legal government of China, while maintaining unofficial relations with Taiwan. Still, Taiwan’s business and economic ties with mainland China and Hong Kong have grown so large that the region is by far the island’s largest trading partner»

«Many large Taiwanese companies in high-tech industries such the world’s biggest chipmaker — Taiwan Semiconductor Manufacturing Co., or TSMC. — operate factories in mainland China. Last year, mainland China and Hong Kong accounted for 42% of Taiwan’s exports, while the U.S. had a 15% share. In all,

. Taiwan’s exports to Southeast Asia were even greater than those to the U.S. — at $70.25 billion to the region, versus $65.7 billion to the U.S. As a source of Taiwan’s imports, mainland China and Hong Kong again ranked first with a 22% share. The U.S. only had a 10% share, ranking behind Japan, Europe and Southeast Asia. Taiwan’s exports to Southeast Asia were even greater than those to the U.S. — at $70.25 billion to the region, versus $65.7 billion to the U.S. As a source of Taiwan’s imports, mainland China and Hong Kong again ranked first with a 22% share. The U.S. only had a 10% share, ranking behind Japan, Europe and Southeast Asia»

«In recent years, Taiwan has bought an increasing amount of products from mainland China, and vice versa.

Over the last five years, Taiwan’s imports from mainland China have surged by about 87% versus 44% growth in imports from the U.S. Taiwan’s exports to mainland China grew by 71% between 2016 and 2021. But exports to the U.S. nearly doubled, growing by 97%. In 2021, Taiwan businesses received $200.1 billion in U.S. export orders»

* * * * * * *


Taiwan’s trade with China is far bigger than its trade with the U.S.

– Mainland China and Hong Kong accounted for 42% of Taiwan’s exports last year, while the U.S. had a 15% share, according to official Taiwan data accessed through Wind Information.

– About 22% of Taiwan’s imports last year came from mainland China and Hong Kong, versus 10% from the U.S., official data showed.

– Many Taiwan-based companies operate factories in mainland China. In 2021, Taiwan businesses received $200.1 billion in U.S. export orders, according to the U.S. Congressional Research Service.

* * * * * * *

Beijing — Data show that Taiwan depends more on China for trade than it does on the U.S., even if U.S. House Speaker Nancy Pelosi threw her weight behind Taiwan this week in a high-profile visit.

Taiwan came under military and economic pressure from Beijing this week, after the democratically self-ruled island allowed the visit of Pelosi — the highest-ranking U.S. official to set foot on Taiwan in 25 years.

The visit came despite warnings from China, which considers Taiwan part of its territory and maintains the island should have no right to conduct foreign relations. The U.S. recognizes Beijing as the sole legal government of China, while maintaining unofficial relations with Taiwan.

Still, Taiwan’s business and economic ties with mainland China and Hong Kong have grown so large that the region is by far the island’s largest trading partner.

Many large Taiwanese companies in high-tech industries such the world’s biggest chipmaker — Taiwan Semiconductor Manufacturing Co., or TSMC. — operate factories in mainland China.

Last year, mainland China and Hong Kong accounted for 42% of Taiwan’s exports, while the U.S. had a 15% share, according to official Taiwan data accessed through Wind Information.

In all, Taiwan exported $188.91 billion in goods to mainland China and Hong Kong in 2021. More than half were electronic parts, followed by optical equipment, according to Taiwan’s Ministry of Finance.

Taiwan’s exports to Southeast Asia were even greater than those to the U.S. — at $70.25 billion to the region, versus $65.7 billion to the U.S., the data showed.

As a source of Taiwan’s imports, mainland China and Hong Kong again ranked first with a 22% share. The U.S. only had a 10% share, ranking behind Japan, Europe and Southeast Asia.

                               Growing trade with mainland China

In recent years, Taiwan has bought an increasing amount of products from mainland China, and vice versa.

Over the last five years, Taiwan’s imports from mainland China have surged by about 87% versus 44% growth in imports from the U.S.

Taiwan’s exports to mainland China grew by 71% between 2016 and 2021. But exports to the U.S. nearly doubled, growing by 97%.

Top U.S. purchases of Taiwan’s goods include electrical machinery, vehicles, plastics and iron and steel products, according to U.S. government data.

Many Taiwan-based companies — such as Apple supplier Foxconn — operate factories in mainland China.

In 2021, Taiwan businesses received $200.1 billion in U.S. export orders, according to the U.S. Congressional Research Service.

                         Comparable to Shanghai

According to a 2020 census, about 157,900 people from Taiwan resided in mainland China, a roughly 7% decrease over the preceding decade.

The entire island of Taiwan was home to about 23.6 million people in 2020, slightly less than Shanghai’s population of roughly 25 million people at the time.

However, Taiwan’s economy is larger than Shanghai’s, at about $781.58 billion versus $680.31 billion last year, according to official figures.

In 2021, Shanghai’s share of mainland China’s GDP was 3.8%.