LONDON—HSBC and Standard Chartered could face spillover damage to their profits and balance sheets from the debt crisis enveloping China Evergrande Group even though the two banks say they have limited their direct exposure, analysts have warned. Other banks and insurers could also suffer indirect effects such as loss of fees or a devaluation of…
HSBC, StanChart May Face Secondary Shockwaves From Evergrande Crisis: Analysts
September 24, 2021
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The New Civil War in China
Commentary The Chinese Communist Party (CCP) has plunged into its own civil war. It is between the “ultra-Maoists” around CCP leader Xi Jinping and the “liberals.” The outcome will be massively disruptive for the Chinese population and for nations which depend economically on China. The “ultra-Maoists” are in the ascendant, leading China toward a new…
‘Full Blown Border Crisis’: Illegal Crossings Hit 20-Year High Despite Hot Weather
The number of illegal immigrants apprehended after crossing into the United States from Mexico soared above 200,000 in July, the exact opposite of the usual seasonal trend, according to preliminary numbers from U.S. authorities. Border Patrol agents encountered 205,029 illegal aliens in July, according to the preliminary figures, which were released by Rep. Chip Roy…
Lebanon Signs Deal to Sell Iraqi Fuel in Move to Ease Crisis
BEIRUT—Lebanon signed a deal Saturday to broker Iraqi fuel sales in hopes of alleviating a crippling financial and energy crisis in the small Mediterranean country, Lebanese and Iraqi media reported. The deal allows Beirut to resell 1 million tons of heavy fuel oil from Iraq—fuel that Lebanon cannot use in its own power plants—to companies…
Border Patrol’s Fentanyl Seizures Increase by 4,000% Amid Crisis, Officials Say
July 1, 2021
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Border officials seized 4,000% more fentanyl in 2021 than in 2018 as the border crisis continues, NBC News reported Tuesday. Cartels have taken advantage of increased federal resources allocated for migrant encounters to smuggle fentanyl into the U.S. between ports of entry, according to NBC News. Border officials have found 41 pounds of fentanyl in…
Border Patrol’s Fentanyl Seizures Increase by 4,000 Percent From 2018, Officials Say
July 1, 2021
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borderCrime and IncidentscrisisFeatured TopicsfentanylImmigration & Border SecurityofficialsRegional-Local NewsseizuresUSUS News
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Border officials have seized 4,000 percent more fentanyl in 2021 than in 2018 as the border crisis continues, NBC News reported on June 29. Cartels have taken advantage of increased federal resources allocated for migrant encounters to smuggle fentanyl into the United States between ports of entry, according to NBC News. Border officials have found…
Never Let a Plague Go to Waste
Commentary During America’s first-ever national lockdown, thousands of unelected bureaucrats, as well as federal and state governments, assumed enormous powers not usually accorded to them. They picked and chose which businesses could stay open without much rationale. They sent the infected into nursing homes occupied by the weak and vulnerable. Their rules for prosecuting those…
Government Must Release All Records of Pandemic Response Spending
Commentary The COVID-19 Emergency Response Act was created in order for the government to be able to move quickly in response to the unfolding crisis of the COVID-19 pandemic. Bill C-13 was introduced in Parliament on March 24, 2020, and received royal assent the very next day. Opposition and government members worked together in a rare…
How the Biden-Harris Migration ‘Fix’ Would Throw Good Billions After Bad
The journey of Central American migrants to the U.S. border – a perilous trip across thousands of miles of mountains and deserts – starts in places like the dry corridor in western Honduras. Many of the region’s 1 million small farmers still live in adobe huts with no running water and suffer acts of humans…
Team Biden Intends to Never Let Its Manufactured Crises Go to Waste
Commentary My major takeaway from President Biden’s joint address to Congress is that he and his handlers are continuing to employ the Democrats’ primary strategy from the Obama years: Never let a crisis go to waste. To scare the American people into accepting his reckless spending proposals, Biden is leveraging the pandemic, which means he…
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