(Bloomberg) -- The U.S. and Japan signed a limited trade deal intended to boost markets for American farmers and give Tokyo assurances, for now, that President Donald Trump won’t impose tariffs on auto imports.The accords on agriculture and digital trade cover about $55 billion worth of commerce between the world’s largest- and third-biggest economies, U.S. Trade Representative Robert Lighthizer said at a ceremony in the Oval Office alongside Trump.The accord is a “game changer for our farmers” and ranchers, Trump said at the event.The goal is for the accord to take effect Jan. 1.Trump, who faces re-election next year, was eager to make a deal with Japan to appease U.S. farmers who have been largely shut out of the Chinese market as a result of his trade war with Beijing. American agricultural producers, also reeling from bad weather and low commodity prices, are a core component of Trump’s political base.Under the deal, Japan will lower or reduce tariffs on some $7.2 billion of American-grown farming products, including beef and pork.Prime Minister Shinzo Abe’s priority was to win a pledge that the U.S. won’t slap tariffs on Japanese automobile exports, a sector valued at about $50 billion a year and a cornerstone of the country’s economy.Read more: Click here for the most recent research from Bloomberg EconomicsThe written text of the deal doesn’t explicitly cover auto tariffs, but Abe has said he received assurances that Japan would be spared from them.The proposed pact won’t lower the barriers protecting Japan’s rice farmers -- a powerful group supporting Abe’s ruling Liberal Democratic Party. This could help the prime minster smooth the deal’s course through parliament, where it must be ratified before coming into effect.The U.S. has said this agreement -- which was signed in principle on the sidelines of the United Nations General Assembly last month -- is just the first phase of a broader agreement.To contact the reporters on this story: Justin Sink in Washington at firstname.lastname@example.org;Jennifer A. Dlouhy in Washington at email@example.com;Brendan Murray in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Margaret Collins at email@example.com, Sarah McGregor, Robert JamesonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
|Cache||by Mark Weidemaier & Mitu Gulati Venezuela’s sovereign bonds differ in ways that should, in theory, be reflected in market prices. For example, depending on the bond, the vote required to modify payment terms through the collective action clause (CACs) varies from 100% (requiring each holder to assent), to 85%, to 75%. Bonds with higher voting thresholds are harder to restructure and one would think prices would reflect this. Two bonds issued by state oil company PDVSA also have legal features that one might expect to have pricing implications. One bond benefits from a pledge of collateral (the PDVSA 2020) and, in consequence, should be priced higher than otherwise-comparable bonds. A second was issued at a particularly large original issue discount (OID); this is a potential legal defect that should lower its price. This is the so-called “Hunger bond” (PDVSA 2022 —see here, here and here for more)). Although these differences seem like they should…|
Council passes progressive "Community Covenant" at the first council meeting of the new council (10/1/2019).Cache
The program begins with an introduction by long time newscaster and pundit Pat Nolan. This is new. In the past there was no commentator. Pat opens the meeting by giving stats on the makeup of the Council and the new diversity. The Council has its first member of the Muslim faith, its first Hispanic women, 20% of the body is openly LBGT and half the members are female. Nolan gives historical data from a time when the Council was all male to the present. Nolan summarizes what is on the agenda and what future controversies are brewing.
At timestamp 6:11 the vice mayor gavels the meeting to order. The meeting opens with an invocation and the pledge of allegiance. I don't know that anyone is advocating to discontinue this practice but in some progressive communities they have done so. Charlotte, N.C, Cleveland, OH, Phoenix, AZ. and a lot of smaller communities have discontinued the prayer to open city council meetings and the ACLU and atheist groups have been pushing to ban prayer at the opening of town council meetings. A few cities have discontinued opening meetings with a Pledge of Allegiance. It there was a move to ban opening prayer or a pledge in Nashville, it would be accomplished by removing that requirement from the rules of the Council. This meeting operates under the old rules. The Council will adopt new rules on Dec. 3rd.
At timestamp 11:25, Mayor Cooper addresses the Council. The speech is congratulatory and an expression of a desire to work together to solve problems.
There is some housekeeping measures. Vacancies on various boards that are to be filled by the Council are announced. There are then the presentation of some memorable recognitions. Consideration of legislative agenda begins at timestamp 59:45. None of the legislation was very significant and nothing of much interest happened in this the first meeting of the new Council.
RS2019-31 adopts a "community covenant" which is described as goals by which the Council can measure itself. It is, "A resolution expressing the support and commitment of the Metropolitan Council toward principles constituting a Community Covenant with the aim of increasing prosperity and reducing poverty in Nashville and Davidson County." It calls for "equitable growth," and "diversity." It commends "living wages and family-friendly benefit." While this bills lays out a plan that progressives will look upon as a pledge for a progressive agenda, it really is not. If lays out goals and commends good things. It does not say how these things would be achieved. I also favor affordable housing and prosperity and ending poverty and think a living wage is a good thing. I think progressive efforts to make these things happen and mandate them is most often counter productive.
Several of the new progressive Council members speak on the bill. Councilman Glover speaks on the bill and moves to amends it. Since the minutes of the meeting are not posted I do not know the exact wording of Glover's amendment but I understand that it clarified that the implementation of these goals would have to follow normal procedures and come back before the Council. It is discussed. There are points of order and some confusion. There are suspension of rules and an amendment to the amendment. I commend Vice Mayor Jim Shulman for patiently explaining the process and indulging procedural errors on the part of new council members and providing gentle guidance.
Council member Ginny Welsch, probably the most radical of the new progressives, speaks against Glover's proposal. Glover's amendment passes. The resolution is adopted by a voice vote. This discussion is worth watching and the resolution worth reading to understand the tenor of the new Council. To see the discussion see timestamp 1:19:26 - 1:51:25.
A NEIGHBOURHOOD plagued by gangs of teenagers acting anti-socially has joined together in a pledge to tackle the growing problem.
Prime Minister Shinzo Abe’s priority was to win a pledge that the U.S. won’t slap tariffs on Japanese automobile exports, a sector valued at about $50 billion a year and a cornerstone of the country’s economy.
10/07 Links Pt1: Whatever Happened to the Palestinian ‘Diplomatic Tsunami’?; FM confirms initiative to sign ‘historic’ non-aggression pact with Arab states; Fatah attempts to hide its terror promotion from FacebookCache
Jonathan S. Tobin: Whatever Happened to the Palestinian ‘Diplomatic Tsunami’?
At the United Nations, where once-hardened ex-generals like Barak quaked about the prospect of the world uniting to force Israel to accept a Palestinian state, the situation for the Jewish state’s foes is particularly dismal. It’s true that many UN agencies, like its Human Rights Council, are still cesspools of antisemitism and hypocrisy, focusing almost exclusively on bogus attacks on Israel while ignoring real human-rights catastrophes in countries around the world.FM confirms initiative to sign ‘historic’ non-aggression pact with Arab states
Foreign Minister Israel Katz on Sunday confirmed that he has been advancing non-aggression treaties with several Arab countries in the Gulf, a “historic” démarche he said could end the conflict between Jerusalem and those states.PMW: Fatah attempts to hide its terror promotion from Facebook
In fact PMW's reports show that Fatah does all of that and worse on its Facebook page, and PMW has pointed this out to Facebook more than once. Yet Facebook continues to leave the platform open for Fatah's terror promotion.
PA wipes peace agreements from schoolbooks, encourages incitement and intolerance
The Palestinian Authority has removed any mention of past agreements with Israel from their school textbooks, with the exception of the Oslo Accords, which are mentioned in far less detail than in previous editions of the schoolbooks, according to a new report by Yedioth Aharonot.
Seth J. Frantzman: Trump gives green light to Turkey to take over Syria, displace U.S. partners
Turkey will soon move forward with its long-planned military operation to create what it calls a "safe zone" in northern Syria – and U.S. forces will not support or be involved in it, the White House press secretary announced early Monday morning. The move is an extraordinary reversal of US policy that leaves America's allies wondering whether they can still rely on the Trump administration.US Throws Kurdish Allies Under the Bus; Turkey "Opens the Floodgates" to Europe
Turkey's Erdogan government will be invading northern Syria to slaughter the Kurds, America's loyal allies against ISIS; release captured ISIS fighters, and doubtless seek to stay permanently in control of the area. The horror is that it will be doing all this with the tacit blessing of the US.Netanyahu says cooperation with Russia 'critical' with U.S. to leave Syria
Israel has “great challenges around us” and it's cooperation with Russia is “critical,” Prime Minister Benjamin Netanyahu said on Monday, a day after US President Donald Trump announced his intention to withdraw troops from Syria and allow a Turkish incursion there against Kurdish forces.Lindsey Graham, Nikki Haley on Trump's Syria plan: Disaster in the making
The Trump administration's move, which opens the way for a Turkish strike on Kurdish fighters long aligned with Washington, runs counter to the positions of even some of Trump's top allies in his own party.US troops begin Syria pullout as Turkey readies offensive, alarming Kurds
US-backed Kurdish-led forces in Syria said American troops began withdrawing Monday from northeast Syria ahead of a Turkish invasion that the Kurds say will overturn five years of achievements in the battle against the Islamic State terror group.UN ‘preparing for the worst’ from Turkey’s Syria operation
The United Nations said Monday it was “preparing for the worst” in northeast Syria after the United States said it would step aside to allow for Turkish military operations in the area.
Netanyahu: Israel Needs Air Defense System Against Iranian Cruise Missiles
In a cabinet meeting on Sunday, Prime Minister Benjamin Netanyahu proposed a massive air defense system to defend against Iranian attacks, especially cruise missiles like those used in attacks on a Saudi Arabian oil facility last month, according to KAN.Iran unveils kit to convert artillery rockets into guided missiles
The Iranian military says it has produced a new conversion kit to upgrade artillery rockets to surface-to-surface missiles, technology that Israel has accused Tehran of attempting to deliver to the Hezbollah terror group.Congresswoman: Antisemitism, Iran threat highlight need for US-Israel ties
Growing global antisemitism and the dangers of Iran make it more important than ever that the US maintain close ties to Israel, leading Republican Representative Ann Wagner of Missouri said during a speech on the floor of the House of Representatives, in which she spoke against BDS and promoted joint Palestinian-Israeli business ventures over the Green Line.'The days of the Ottoman Empire are over'
Foreign Minister Yisrael Katz has ordered his office to draw up plans to stop the Turkish government's efforts to undermine Israeli sovereignty in Jerusalem and protect Jordan's special status as guardian of Muslim holy sites in the city.How to get Erdogan off the Temple Mount
This is why a new plan from Foreign Minister Yisrael Katz should be seen more as a declaration of intent and less as an operational plan. For the plan to take effect, defense and security officials who have been dealing with the issue for several years already must supply the top political echelon with evidence. Anyone who wants, for example, to limit the activity of TIKA, a well-endowed Turkish government agency, in Jerusalem will have to first prove that its activity goes beyond the bounds of civil/community service and slides into violence and incitement. Thus far, no evidence of that has been found, although attempts have been made to do so.Israel backs Cyprus as Turkey moves gas drill into its waters
Israel’s envoy to Cyprus on Monday expressed backing for the Mediterranean island state after Turkey moved a gas drilling rig into Cypriot waters last week.German Jews blast WJC's decision to give Merkel the Herzl Award
Members of Germany's Jewish community are speaking out against the World Jewish Congress's decision to honor Chancellor Angela Merkel with its prestigious Herzl Award.IDF Sets Up New Anti-Tunnel Company to Detect, Destroy Threats in Israel’s North
The Israel Defense Forces have set up a special engineering corps company to discover and prevent terror tunnels dug across Israel’s northern border from Lebanon.Arabs Hurl Firebombs, Burn Tires as Jews Pray at Joseph’s Tomb
Dozens of Palestinians rioted on Sunday night following the pilgrimage of some 1,000 Jews, under Israeli security escort, to the Tomb of Joseph in Shechem/Nablus to pray. The rioters threw firebombs and burning tires at security personnel.Palestinian Authority Continues to Pay Salaries to Terrorists
Abbas' remarks, which were less acerbic in tone than those he made in previous addresses to the General Assembly, reflected a concern over the ineffectiveness of his policies and the sidelining of the Palestinian issue from the international, regional, and Israeli agenda.Khaled Abu Toameh: Shtayyeh: We received NIS 1.5 billion from Israel
The crisis between Israel and the Palestinian Authority over Israeli deductions of payments made to security prisoners and families of Palestinians killed while carrying out attacks against Israelis remains unresolved, PA Prime Minister Mohammad Shtayyeh said on Monday.Abbas says he’ll discuss elections with Hamas, factions but provides no timeline
Palestinian Authority President Mahmoud Abbas said Sunday that he would discuss plans for new parliamentary elections with all factions, including longtime rivals Hamas.Khaled Abu Toameh: What Iran's Friends Are Doing in Gaza
In other words, Islamic Jihad's promise is one of unending toxicity: to go on poisoning the hearts and minds of generation after generation of Palestinians – as well as to continue investing millions of dollars in building tunnels and amassing weapons to ensure that the fight against Israel continues forever.
Lebanon arrests Syrian for making phone calls to Israel
Lebanese authorities have arrested a Syrian national accused of having made phone calls to neighboring Israel, the army said Friday.Does Iran’s Leader Leave Room for Iran’s Return to the Negotiating Table?
At the same time, over the past few weeks, there have been increasing calls from senior religious figures in Iran and the leadership of the Iranian Revolutionary Guard for the destruction of the State of Israel. This is similar to statements issued by the Supreme Leader in 2016 that Israel would cease to exist in another 25 years. It is possible that this round of criticism against Israel serves a smokescreen while negotiations are taking place between Iran and the United States to enable Iran’s return to the nuclear deal.Iran says Russian journalist held over visa issue, not Israel spy claim
Iran has confirmed the arrest last week in Tehran of a Russian journalist, saying the case was a matter of a visa violation.
It's Monday once again. For me, that means playing catch-up from a weekend filled with a friend's wedding (Congrats Jason and Leigha!). So, it's a good reason to be playing catch-up. But, seeing as it is Monday, that means it's time to give you some Terrain Articles and make sure your gaming tables look great.
Today we have: Deep-Cut Studio Releases O12 Official Game Mat for Infinity, New Halfling Terrain Available From TTCombat, and Acheson Creations Releases 28mm Kongo and Stone-Age Pieces.
The handful of people who pay close attention to politics in Newfoundland and Labrador are probably scratching the barely-healed-over scabs on their head in the latest round of bewilderment.
Tory leader Ches Crosbie announced last week he had named a philosophy professor at Memorial University to head up a task force of people he didn’t name - because he hasn’t figured out who they are - to develop a strategy to combat climate change. Philosophers are widely known for their skills at developing effective public policy, by the way.
Anyway, Crosbie announced his latest policy brainstorm the week of a global protest for action against climate change so Ches’ finally honed political nerves were probably jangling hard enough to make him spit out a hasty announcement.
If that wasn’t obviously funny enough, the punch line to this own-goal of a joke was delivered, appropriately enough, by Crosbie himself.
You see Ches has spent his time as leader of the local blue team viciously fighting *against*a measure that would help fight climate change. Not only that, but Crosbie started out his tirade against the fight against climate change by encouraging the Premier to join with Doug Ford in the philosophical fight against those people Ches has now decided to cuddle up with.
Not once. Not twice. But 13 times.
Doesn’t count all the other times Crosbie slammed the fight against climate change in interviews, speeches, and visits to coffee shops during the recent provincial election campaign.
But you see the disconnect there, right?
Ches wasn’t the only politician who left people scratching heads recently.
The politicians running the Innu Nation made one of the most serious accusations they could against any person. They said that Perry Trimper - a cabinet minister at the time - was a racist. They released an audio tape of Trimper talking to someone about a request by an official of the Innu Nation organization that the government pay for translation services for Innu people dealing with the government.
Trimper hasn’t been very popular among the Sheshatshiu Innu but you’d think that something as serious as being a racist might have prompted a bit of publicity before now. Maybe even a call to the Premier.
But this was a message left for a guy who about driving licences. The government provides translation for other services, like health care, but driving licences was important enough for the Innu Nation to attack Trimper directly with arguably one of the most if not the most serious charge they could make short of something criminal.
But if they were waiting for something big enough and they thought the tape did it, they still didn’t actually say what they were upset about besides the accusation that Trimper was a racist. Once Trimper resigned from cabinet, they stopped short of looking for his resignation. So being a racist was a disqualification from cabinet but not the House of Assembly.
And when the Premier walked out of a meeting last Monday with the Innu Grand Chief, he waved a piece of paper that committed government to set up a committee and to move a little faster on some
issues related to the Innu land claim.
Except that aside from the fact it doesn’t appear Innu leaders had a purpose in going after Trimper beyond going after Trimper, they had a chance to get just about anything they wanted.
So they settled for a committee and a promise to do something that wasn’t really defined.
Now a committee is what government does when it wants to make it look like something is going on when it isn’t. Setting up a committee is literally the very least thing government can do short of doing nothing at all.
And a pledge to move a file a little faster on something as complex as land claims is almost laughable. Innu leaders may be rightly frustrated with the delay in negotiating their claim. The federal government accepted the Innu claim for negotiation in 1978. The Innu Nation signed a framework agreement for land claims talks in 1996 and by 2011, there was an agreement-in-principle among the federal and provincial governments and the Innu Nation.
So, that might be frustrating. Yeah.
But they didn’t get a pledge for an immediate resumption of talks, a target date for the next round of meetings or anything of the sorts.
They didn’t even get a commitment to have the government pay Dominick Riche for translating driving tests for Innu people looking for a driving licence.
The Innu leadership called Perry Trimper a racist, every reporter in sight and all their editors substituted assumptions and trite comparisons for facts, Trimper went out the door of cabinet as the new Newfoundland and Labrador synonym for George Wallace, and all the Innu leadership got in exchange was a committee and a weak-assed promise.
And if, as SRBP suggested a couple of weeks ago, the whole thing was really about land claims and the NunatuKavut Community Council, Dwight Ball didn’t promise to do anything of any consequence about the Innu land claim in exchange for destroying Perry Trimper.
You see the disconnect there.
If you don’t, just read this post again until you start to see it.
And whatever you do, stop scratching your head and let it heal because, God knows, the disconnects don’t stop in Newfoundland and Labrador politics and the cut on your head is just gonna get infected.