RuPaul, the host and executive producer of the VH1 franchise “RuPaul’s Drag Race,” and winner of three consecutive Emmys for the reality-competition series, received the Variety Vanguard Award at TV market and conference event Mipcom in Cannes Monday. The award recognizes television industry leaders who have made a significant contribution to the global business of […]
THE UGLY KID IN THE WHITEHOUSE NEVER WAS MENTALLY RIGHT…
Indian H-1B visa workers are pressuring Illinois Democrat Sen. Dick Durbin to quit his opposition to a bill that gives fast-track green cards and citizenship to Indians who agree to take jobs from American college graduates.
MSNBC host Chris Hayes took a moment on Monday night to address the growing controversy surrounding NBC News exposed in Ronan Farrow’s new book and praised his reporting,
As Singapore’s stature continues to grow in the entertainment world, and with international producers forever on the lookout for exotic but affordable locations, the Asian country is once again in global sights as a major production hub. Singapore’s distinctive topography of cityscapes and countryside, coupled with its unique cultural blend of East and West, has […]
“To me, it wasn’t like, ‘Oh, maybe we should wake up one morning and try something different. How about we try television?’” John Penotti, producer-financier and co-founder of GreeneStreet, one of New York City’s more long-lived independent film companies — it was acquired in 2013 after 16 years — is explaining just how he ended […]
Netflix runs its Asian operations from the swanky Marina One mixed-use development in Singapore, an architectural masterpiece that fits in with the streaming giant’s dedication to Instagrammable real estate. Netflix’s presence in Singapore follows other major media names over the years, including HBO Asia, Vice Media and HOOQ, all of whom have Asian headquarters in […]
During the course of his 91 years, Sidney Kimmel has accomplished a lot. That includes making a few videos for web series “Old Jews Telling Jokes.” “John’s fault,” he says. “He dragged me over there and said, ‘You’ll get a free drink and a dinner out of it.’” John is independent movie producer-financier John Penotti, […]
As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by NPR.ORG:
Former Fort Worth Police Officer Aaron Dean has been arrested and charged with the murder of Atatiana Jefferson. He is being held at the Tarrant County Correction Center.
Dean resigned from the police department before the arrest.
The article went on to state the following:
The alleged murder took place very early Saturday morning when Dean was responding to a call from a neighbor who was concerned that Jefferson’s front door was open. Dean approached the house and when he saw Jefferson through a window he told her to raise her hands. According to police bodycam footage released to the public, Dean then waited less than two seconds before firing his gun and killing her.
Police released body camera footage that showed what happened moments before the shooting in the interest of transparency. The footage included blurry photos of a handgun inside the home.
Police were accused of trying to demonize Jefferson, 28.
“Fort Worth Interim Police Chief Ed Kraus admitted Monday that it was inappropriate to release the photos of the gun,” WTHR reports.
“That is something we’ve done in the past — to include the photograph of the firearm to show what the perceived threat may have been,” Kraus said during a press conference Monday. “In hindsight, it was a bad thing to do.”
Fort Worth Mayor Betsy Price said, “Atatiana was in her own home, caring for her 8-year-old nephew. She was a victim. And she was taken from her family in circumstances that are truly unthinkable.”
Jefferson was playing video games with her 8-year-old nephew when the incident occurred, the family said.
BREAKING: Forth Worth police officer Aaron Dean who killed a woman by shooting through a window has been arrested and charged with murder
— BNO News (@BNONews) October 15, 2019
— Evan Lambert (@EvanLambertTV) October 14, 2019
Fort Worth officer has been arrested in murder of black woman shot though her window, police department confirms pic.twitter.com/n3cQMWbRYU
— Reuters Top News (@Reuters) October 15, 2019
— Dallas Morning News (@dallasnews) October 15, 2019
— Dana Branham (@danabranham) October 15, 2019
To get more information about this article, please visit NPR.ORG. To weigh in, leave a comment below.
The post UPDATE: Former Fort Worth Officer Charged With Murder In Fatal Shooting Of Woman In Her Home appeared first on DML News.
Ecuador… And The IMF’s Killing Spree
For close to 40 years the IMF has weaponized its handle on the western economy through the dollar-based western monetary system, and brutally destroyed nation after nation, thereby killed hundreds of thousands of people. Indirectly, of course, as the IMF would not use traditional guns and bombs, but financial instruments that kill – they kill by famine, by economic strangulation, preventing indispensable medical equipment and medication entering a country, even preventing food from being imported, or being imported at horrendous prices only the rich can pay.
The latest victim of this horrifying IMF scheme is Ecuador.
For starters, you should know that since January 2000, Ecuador’s economy is 100% dollarized, compliments of the IMF (entirely controlled by the US Treasury, by force of an absolute veto). The other two fully dollarized Latin American countries are El Salvador and Panama.
The Wall Street Journal recently stated that Ecuador “has the misfortune to be an oil producer with a ‘dollarized’ economy that uses the U.S. currency as legal tender.” The Journal added,
“the appreciation of the U.S. dollar against other currencies has decreased the net exports of non-oil commodities from Ecuador, which, coupled with the volatility of oil prices, is constraining the country’s potential for economic growth.”
Starting in the mid 1990’s, culminating around 1998, Ecuador suffered a severe economic crisis, resulting from climatic calamities, and US corporate and banking oil price manipulations (petrol is Ecuador’s main export product), resulting in massive bank failures and hyper-inflation. Ecuador’s economy at that time had been semi-dollarized, like that of most Latin American countries, i.e. Peru, Colombia, Chile, Brazil – and so on.
The ‘crisis’ was a great opportunity for the US via the IMF to take full control of the Ecuadorian (petrol) economy, by a 100% dollarizing it. The IMF propagated the same recipe for Ecuador as it did ten years earlier for Argentina, namely full dollarization of the economy in order to combat inflation and to bring about economic stability and growth. In January 2000, then President Jorge Jamil Mahuad Witt, from the “Popular Democracy Party”, or the Ecuadorian Christian Democratic Union (equivalent to the German CDU), declared the US dollar as the official currency of Ecuador, replacing their own currency, the Sucre.
Adopting another country’s currency is an absurdity and can only bring failure. And that it did, almost to the day, 10 years after Argentina was forced by the same US-led villains to revalue her peso to parity with the US-dollar, no fluctuations allowed. Same reason (“economic crisis”, hyper-inflation), same purpose: controlling the riches of the country – absolute failure was preprogrammed. Did Ecuador not learn from the Argentinian experience and converted her currency at the very moment the Argentinian economy collapsed due to dollarization, into the US dollar? – That is not only a fraud, but a planned fraud.
Ecuadorian goods and services quoted in dollars, became unaffordable for locals and uncompetitive for exports. This led to social unrests, resulting in a popular ‘golpe’. President Mahuad was disposed, had to flee the country, and was replaced by Gustavo Noboa, from the same CDU party (2000 – 2003). Ever since the dollar remained controversial among the Ecuadorian population. President Rafael Correa’s quiet attempt to return to the Sucre, was answered by a CIA-inspired police coup attempt on 30 September 2010.
In 2017, the CIA / NED (National Endowment for Democracy) and the US State Department have brought about a so-called “soft” regime change. They urged (very likely coerced) Rafael Correa to abstain from running again for President, as the vast majority of Ecuadorians requested him to do. This would have required a Constitutional amendment which probably would have been easily accepted by Parliament. Instead they had Correa endorse his former Vice-President (2007-2013) Lenin Moreno, who run on Correa’s platform, the socialist PAIS Alliance. Therefore, expected to continue in Correa’s line with same socioeconomic policies.
Less than a year later, Moreno turned tables, became an outright traitor to his country and the people who voted for him. He converted Ecuador’s economy to the neoliberal doctrine – privatization of everything, stealing the money from the social sectors, depriving people of work, drastically reducing social services and converting a surplus economy of tremendous social gains into one of poverty and misery.
President Correa left the country a modest debt of about 40% to GDP at the end of his Presidency in 2017. A debt-GDP ratio that would be no problem anywhere in the world. Compare this to the US debt vs. GDP – 105% in current terms and about 700% in terms of unmet obligations (net present value of total outstanding obligations). There was absolutely no reason to call the IMF for help. The IMF, the long arm of the US Treasury – ‘bought’ its way into Moreno’s neoliberal Ecuador, coinciding with Moreno evicting Julian Assange from the Ecuadorian Embassy in London.
The IMF loan of US$ 4,2 billion increases the debt / GDP ratio by 4% and brings social misery and upheaval in return, and that as usual, at an unimaginable cost, by neoliberal economists called “externalities”. It was practically a US “present” for Moreno’s treason, bringing Assange closer into US custody. What most people are unaware of, is that at the same time, Moreno forgave US$ 4.5 billion in fines, interest and other dues to large corporations and oligarchs, hence decapitalizing the country’s treasury. The amount of canceled corporate fiscal obligations is about equivalent to the IMF loan, plunging large sectors of the Ecuadorian population into more misery.
Besides, under wrong pretexts it allowed Moreno to apply neoliberal policies, all those that usually come as draconian conditions with IMF loans and that eventually benefit only a small elite in the country – but allows western banking and corporations to further milk the countries social system.
According to a 2017 report of the Center for Economic and Policy Research (CEPR), an economic thinktank in Washington, Ecuador’s economy has done rather well under Rafael Correa’s 10-year leadership (2007 – 2017). The country has improved her key indicators significantly: Average annual GDP growth was 1.5% (0.6% past 26 years average); the poverty rate declined by 38%, extreme poverty by 47%, a multiple of poverty reduction of that in the previous ten years, thanks to a horizontally distributive growth; inequality (Gini coefficient) fell substantially, from 0.55 to 0.47; the government doubled social spending from 4.3% in 2006 to 8.6% in 2016; tripled education spending from 0.7% to 2.1% with a corresponding increase in school enrollments; increased public investments from 4% of GDP in 2006 to 10% in 2016.
Now, Moreno is in the process of reversing these gains. Only six months after contracting the IMF loans, he has already largely succeeded. The public outcry can be heard internationally. Quito is besieged by tens of thousands of demonstrators, steadily increasing as large numbers, in the tens of thousands, of indigenous people are coming from Ecuador’s Amazon region and the Andes to Quito to voice their discontent with their traitor president. Government tyranny is rampant. Moreno declared a 60-day state of emergency – with curfew and a militarized country. As a consequence, Moreno moved the Government Administration to Guayaquil and ordered one of the most severe police and military repressions, Ecuador has ever known, resulting within ten days to at least 7 people killed, about 600 injured and about 1,000 people arrested.
Source: Workers’ Voice
The protests are directed against the infamous Government Decree 883, that dictates major social reforms, including an increase in fuel prices by more than 100%, reflecting directly on public transportation, as well as on food prices; privatization of public services, bringing about untold layoffs, including some 23,000 government employees; an increase in Aggregated Value Taxes – all part of the so-called “paquetazo”, imposed by the IMF. Protesters called on Moreno, “Fuera asesino, fuera” – Get out, murderer, get out! – Will they succeed?
The IMF’s guns are needlessly imposed debt, forced privatization of social services and public assets as railways, roads, and worst of all, health, education, water supply and sewerage services. Unemployment rises, extreme poverty skyrockets, public service tariffs – water, electricity, transportation – increase, often exponentially, depriving people from moving to work or look for new employment elsewhere. Diseases that otherwise may have been curable, like cancers, under the new regime lack medication. Patients die prematurely. Depression brings about rapidly rising suicide rates, as the British medical journal Lancet has observed in many IMF oppressed countries, but especially in Greece.
Targeted are primarily those nations that do not want to bend to the dictate of Washington, and even more so those with natural resources the west covets, or countries that are in strategic geographic locations, where NATO wants to establish itself or get a stronger foothold, i.e. Greece. The IMF is often helped by the World Bank. The former providing, or rather coercing, a ‘debt-strapped’ country into accepting so-called rescue packages, billions of dollars of loans, at exorbitant “high-risk” interest rates, with deadly strings attached.
The latter, the WB, would usually come in with loans – also euphemistically called “blank checks” – to be disbursed against a matrix of fulfilled conditions, of economic reforms, privatizations. Again, all usually resulting in massive government layoffs, unemployment, poverty. In fact, both the IMF and the WB approaches are similar and often overlapping – imposing “structural adjustment” (now in disguise given different names), to steal a countries resources, and sovereignty, by making them dependent on the very financial institutions that pretend to ‘help’ them.
The three most recent and flagrant cases of IMF interference were Greece, Ukraine and Argentina.
Greece was doubly destroyed, once by her brothers and sisters of the European non-Union that blackmailed them into staying with the euro, instead of exiting it and converting to their local currency and regaining financial sovereignty.
Ukraine, possibly the richest country in terms of national resources and with an enormous agricultural potential due to her fertile soil, was “regime changed” by a bloody coup, The Maidan massacre in February 2014, instigated and planned by the CIA, the EU and NATO and carried out through the very US Embassy in Kiev. This was all long-term planning. Remember Victoria Nuland boasting that the US has spent more than 5 billion dollars over the past five year to bring about regime change and to convert Ukraine into a fully democratic country and making it ready to enter the European Union?
The western allies put a Nazi Government into Kiev, created a “civil war” with the eastern Russia-aligned part of Ukraine, the Donbass. Thousands of people were killed, millions fled the country, mostly to Russia – the country’s debt went through the roof, and – in comes the IMF, approving in December 2018a 14-month Stand-By Arrangement for Ukraine, with an immediate disbursement of US$ 1.4 billion. This is totally against the IMF’s own Constitution, because it does not allow lending to a country at war or conflict. Ukraine was an “exception”, dictated by the US. Blamed for the ever-changing and escalating Ukraine fiasco was Russia.
Another IMF victim is Argentina. In December 2015 through fraudulent election, Washington put a neoliberal henchman into the Presidency, Mauricio Macri. He carried out economic and labor reforms by decree and within the first 12 months in office, increased unemployment and poverty from about 12% he inherited from his predecessor, Christine Kirchner, to over 30%.
Within 15 years of Kirchner Governments, Argentina largely recovered from the collapse of 2000 / 2001 / 2002, accumulating a healthy reserve. There was no need to call the IMF to the rescue, except if it was a pre-condition for Macri to become president. In September 2018, Argentina contracted from the IMF the largest ever IMF loan of 57.1 billion dollars, to be disbursed over a three-year period, plunging Argentina in an almost irrecoverable debt situation.
The Bretton Woods Organizations – World Bank and IMF, were created in 1944 precisely for that reason, to enslave the world, particularly the resources-rich countries. The purpose of these so-called international financial institutions, foresaw an absolute veto power of the United States, meaning they are doing the bidding of the US Treasury. They were created under the UN Charter for good disguise, and are to work hand-in-glove with the fiat monetary system created in 1913 by the Federal Reserve Act. The pretext was to monitor western “convertible” currencies that subscribed to the also newly modified gold standard (1 Troy ounce [31.1 grams] of gold = US$ 35) , also established during the Bretton Woods Conference in 1944.
Both organizations started lending money – the Marshall Fund, managed by the world Bank in the 1950s – to war devastated Europe, moving gradually into economic development of “Third World” countries – and, eventually, in the 1980s showing their evil heads by introducing the neoliberal doctrines of the Washington Consensus worldwide. It is a miracle how they get away with spewing so much misery – literally unopposed for the last 30 – 40 years – throughout the world. Why are they not be stopped and dismantled? – The UN has 193 members; only a small proportion of them benefit from the IMF-WB financial crimes. Why does the vast majority – also potential victims, remain silent?
Mon, 10/14/2019 – 23:50
Three Indian and three mainland Chinese films are among the nine feature movies shortlisted for the Best Asian Film Award by the Australian Academy of Cinema and Television Arts. The Indian selections are box office hit “Andhadhun,” “Super Deluxe, and “Gully Boy,” which premiered in February at the Berlin festival. The Chinese trio includes “Shadow,” […]
Stephen Strasburg took his turn silencing the Cardinals’ struggling bats, Nationals postseason star Howie Kendrick doubled three times and drove in three more runs, and Washington moved one win from the city’s first World Series appearance in 86 years by beating St. Louis 8-1 Monday night to take a 3-0 lead in the NL Championship Series.
As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by TheHill.com:
Former national security adviser John Bolton told a former aide to President Trump on Russia to call White House lawyers to warn them about a pressure campaign on Ukraine, House investigators were reportedly told Monday.
Bolton told Fiona Hill, the senior director for Russian and Eurasian affairs, to contact the lawyer for the National Security Council and say that the president’s personal lawyer Rudy Giuliani was involved in the efforts to pressure Ukraine into investigating Democrats, the New York Times reported Monday night.
The article goes on to state the following:
“I am not part of whatever drug deal Rudy and Mulvaney are cooking up,” Bolton told Hill to tell White House lawyers, according to the testimony reported by the Times.
Hill reportedly told investigators that Bolton called Giuliani a “hand grenade who’s going to blow everybody up,” the Times reported.
We have also confirmed Hill described Bolton as being outraged over Giuliani’s activities. Giuliani, Bolton said, was a “hand grenade” that’s going to “blow everybody up,” CNN has also confirmed. https://t.co/3dOENA4D8q
— Jim Acosta (@Acosta) October 15, 2019
“I am not part of whatever drug deal Rudy and Mulvaney are cooking up,” John Bolton told Fiona Hill to tell White House lawyers, NYT reports. https://t.co/izJ3nkJbRz
— Kyle Griffin (@kylegriffin1) October 15, 2019
BREAKING: Fiona Hill told House impeachment investigators that she had at least two meetings with NSC lawyer John Eisenberg about Rudy Giuliani’s Ukraine efforts, according to a person with direct knowledge of her testimony. Both meetings were at the urging of Bolton.
— Andrew Desiderio (@AndrewDesiderio) October 15, 2019
To get more information about this article, please visit TheHill.com. To weigh in, leave a comment below.
The post BREAKING: Bolton advised ex-Trump aide over Ukraine ‘pressure campaign’: NYT appeared first on DML News.
Sen. Josh Hawley (R-MO) unloaded on NBA superstar LeBron James for his remarks regarding the league’s ongoing free speech scandal with China, stating that his “garbage” comments are “hard to take.”
As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by REUTERS.COM:
WASHINGTON (Reuters) – President Donald Trump’s personal attorney, Rudy Giuliani, was paid $500,000 for work he did for a company co-founded by the Ukrainian-American businessman arrested last week on campaign finance charges, Giuliani told Reuters on Monday.
The businessman, Lev Parnas, is a close associate of Giuliani and was involved in his effort to investigate Trump’s political rival, former Vice President Joe Biden, who is a leading contender for the 2020 Democratic Party nomination.
The article goes on to state the following:
Giuliani said Parnas’ company, Boca Raton-based Fraud Guarantee, whose website says it aims to help clients “reduce and mitigate fraud”, engaged Giuliani Partners, a management and security consulting firm, around August 2018. Giuliani said he was hired to consult on Fraud Guarantee’s technologies and provide legal advice on regulatory issues.
A law enforcement source told Reuters that Federal prosecutors are “examining Giuliani’s interactions” with Parnas and, Igor Fruman, who was also indicted on campaign finance charges.
EXCLUSIVE (Reuters) – President Donald Trump’s personal attorney, Rudy Giuliani, was paid $500,000 for work he did for a company co-founded by the Ukrainian-American businessman arrested last week on campaign finance charges, Giuliani told Reuters. https://t.co/bgunXZM5I2
— Jonathan Landay (@JonathanLanday) October 15, 2019
Giuliani says he was paid $500,000 by Parnas “to consult on Fraud Guarantee’s technologies and provide legal advice on regulatory issues.” https://t.co/m8vGK3hrUL
— Casey Michel (@cjcmichel) October 15, 2019
To get more information about this article, please visit REUTERS.COM. To weigh in, leave a comment below.
The post BREAKING: Giuliani was paid $500,000 to consult on indicted associate’s firm appeared first on DML News.
The People’s Republic Of China: Visualizing 70 Years Of Economic History
From agrarian economy to global superpower in half a century – China’s transformation has been an economic success story unlike any other.
Today, China is the world’s second largest economy, making up 16% of $86 trillion global GDP in nominal terms. Furthermore, as Visual Capitalist’s Imam Ghosh points out, if you adjust numbers for purchasing power parity (PPP), the Chinese economy has already been the world’s largest since 2014.
The upward trajectory over the last 70 years has been filled with watershed moments, strategic directives, and shocking tragedies — and all of this can be traced back to the founding of the People’s Republic of China (PRC) on October 1st, 1949.
How the PRC Came to Be
The Chinese Civil War (1927–1949) between the Republic of China (ROC) and the Communist Party of China (CPC) caused a fractal split in the nation’s leadership. The CPC emerged victorious, and mainland China was established as the PRC.
Communist leader Mao Zedong set out a few chief goals for the PRC: to overhaul land ownership, to reduce social inequality, and to restore the economy after decades of war. The first State Planning Commission and China’s first 5-year plan were introduced to achieve these goals.
Today’s timely chart looks back on seven decades of notable events and policies that helped shape the country China has become. The base data draws from a graphic by Bert Hofman, the World Bank’s Country Director for China and other Asia-Pacific regions.
The Mao Era: 1949–1977
Mao Zedong’s tenure as Chairman of the PRC triggered sweeping changes for the country.
1953–1957: First 5-Year Plan
The program’s aim was to boost China’s industrialization. Steel production grew four-fold in four years, from 1.3 million tonnes to 5.2 million tonnes. Agricultural output also rose, but it couldn’t keep pace with industrial production.
1958–1962: Great Leap Forward
The campaign emphasized China’s agrarian-to-industrial transformation, via a communal farming system. However, the plan failed—causing an economic breakdown and the deaths of tens of millions in the Great Chinese Famine.
1959–1962: Lushan Conference and 7,000 Cadres meeting
Top leaders in the Chinese Communist Party (CCP) met to create detailed policy frameworks for the PRC’s future.
1966–1976: Great Proletarian Cultural Revolution
Mao Zedong attempted to regain power and support after the failures of the Great Leap Forward. However, this was another plan that backfired, causing millions more deaths by violence and again crippling the Chinese economy.
1971: Joined the United Nations
The PRC replaced the ROC (Taiwan) as a permanent member of the United Nations. This addition also made it one of only five members of the UN Security Council—including the UK, the U.S., France, and Russia.
1972: President Nixon’s visit
After 25 years of radio silence, Richard Nixon was the first sitting U.S. President to step foot into the PRC. This helped re-establish diplomatic relations between the two nations.
1976–1977: Mao Zedong Death, and “Two Whatevers”
After Mao Zedong’s passing, the interim government promised to “resolutely uphold whatever policy decisions Chairman Mao made, and unswervingly follow whatever instructions Chairman Mao gave.”
1979: “One-Child Policy”
The government enacted an aggressive birth-planning program to control the size of the country’s population, which it viewed as growing too fast.
A Wave of Socio-Economic Reforms: 1980-1999
From 1980 onward, China worked on opening up its markets to the outside world, and closing the inequality gap.
1980–1984: Special Economic Zones (SEZs) established
Several cities were designated SEZs, and provided with measures such as tax incentives to attract foreign investment. Today, the economies of cities like Shenzhen have grown to rival the GDPs of entire countries.
1981: National Household Responsibility System implemented
In the Mao era, quotas were set on how many goods farmers could produce, shifting the responsibility of profits to local managers instead. This rapidly increased the standard of living, and the quota system spread from agriculture into other sectors.
1989: Coastal Development Strategy
Post-Mao leadership saw the coastal region as the potential “catalyst” for the entire country’s modernization.
1989–1991: Post-Tiananmen retrenchment
Early 1980s economic reforms had mixed results, and the growing anxiety eventually culminated in a series of protests. After tanks rolled into Tiananmen Square in 1989, the government “retrenched” itself by initially attempting to roll back economic reforms and liberalization. The country’s annual growth plunged from 8.6% between 1979-1989 to 6.5% between 1989-1991.
1990–1991: Shanghai and Shenzhen stock exchanges open
Combined, the Shanghai (SSE) and Shenzhen (SZSE) stock exchanges are worth over $8.5 trillion in total market capitalization today.
1994: Shandong Huaneng lists on the NYSE
The power company was the first PRC enterprise to list on the NYSE. This added a new N-shares group to the existing Chinese capital market options of A-shares, B-shares, and H-shares.
1994–1996: National “8-7” Poverty Reduction Plan
China successfully lifted over 400 million poor people out of poverty between 1981 and 2002 through this endeavor.
1996: “Grasp the Large, Let Go of the Small”
Efforts were made to downsize the state sector. Policy makers were urged to maintain control over state-owned enterprises to “grasp the large”. Meanwhile, the central government was encouraged to relinquish control over smaller SOEs, or “let go of the small”.
1997: Urban Dibao (低保)
China’s social safety net went through restructuring from 1993, and became a nationwide program after strong success in Shanghai.
1997-1999: Hong Kong and Macao handover, Asian Financial Crisis
China was largely unscathed by the regional financial crisis, thanks to the RMB (¥) currency’s non-convertibility. Meanwhile, the PRC regained sovereignty of Hong Kong and Macau back from the UK and Portugal, respectively.
1999: Western Development Strategy
The “Open Up the West” program built out 6 provinces, 5 autonomous regions, and 1 municipality—each becoming integral to the Chinese economy.
Turn of the Century: 2000-present
China’s entry to the World Trade Organization, and the Qualified Foreign Institutional Investor (QFII) program – which let foreign investors participate in the PRC’s stock exchanges – contributed to the country’s economic growth.
2006: Medium-term Plan for Scientific Development
The PRC State Council’s 15-year plan outlines that 2.5% or more of national GDP should be devoted to research and development by 2020.
2008-2009: Global Financial Crisis
The PRC experienced only a mild economic slowdown during the crisis. The country’s GDP growth in 2007 was a staggering 14.2%, but this dropped to 9.7% and 9.5% respectively in the two years following.
2013: Belt and Road Initiative
China’s ambitious plans to develop road, rail, and sea routes across 152 countries is scheduled for completion by 2049—in time for the PRC’s 100th anniversary. More than $900 billion is budgeted for these infrastructure projects.
2015: Made in China 2025
The PRC refuses to be the world’s “factory” any longer. In response, it will invest nearly $300 billion to boost its manufacturing capabilities in high-tech fields like pharmaceuticals, aerospace, and robotics.
Despite the recent ongoing trade dispute with the U.S. and an increasingly aging population, the Chinese growth story seems destined to continue on.
China Paving the Way?
The 70th anniversary of the PRC offers a moment to reflect on the country’s journey from humble beginnings to a powerhouse on the world stage.
Because of China’s economic success, more and more countries see China as an example to emulate, a model of development that could mean moving from rags to riches within a generation
Mon, 10/14/2019 – 23:30
As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by FOXNEWS.COM:
Sen. Kamala Harris, D-Calif., on Sunday said the impeachment of President Trump “shouldn’t take very long” because she claimed he’s already confessed that he pressured Ukrainian leaders to investigate former Vice President Joe Biden, a 2020 presidential rival.
While taking questions at a United Food and Commercial Workers (UFCW) candidate forum in Altoona, Iowa, the White House contender was asked by UFCW President Marc Perrone if she would prosecute Trump for impeachment.
The article goes on to state the following:
“I’ve been calling for the impeachment of this president for a long time,” replied Harris, a former prosecutor in San Francisco. “And, based on everything I know, yes.”
“We have a confession,” Harris said.
To get more information about this article, please visit FOXNEWS.COM. To weigh in, leave a comment below.
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