China Outraged At Arrest Of Huawei CFO, Warns It Will “Take All Measures

China Outraged At Arrest Of Huawei CFO, Warns It Will “Take All Measures (Source Zero Hedge) So much for a trade war truce between China and the US. Shortly after the news hit that Huawei CFO Wanzhou Meng — also deputy chairwoman and the daughter of Huawei’s founder —

was arrested on December 1, or right around the time Trump and Xi were having dinner in Buenos Aires last Saturday, and faces extradition to the U.S. as a result of a DOJ investigation into whether the Chinese telecom giant sold gear to Iran despite sanctions on exports to the region, China immediately lodged a formal protest publishing a statement at its embassy in Canada, and demanding the U.S. and its neighbor “rectify wrongdoings” and free Meng, warning it would “closely follow the development of the issue” and will “take all measures” to protect the legitimate rights and interests of Chinese citizens. As Bloomberg notes, the CFO’s arrest will be regarded back home as an attack on China’s foremost corporate champions. While Alibaba and Tencent dominate headlines thanks to flashy growth and high-profile billionaire founders, Ren’s company is by far China’s most global technology company, with operations spanning Africa, Europe and Asia.

How likely is an earthquake in the Midwest, South? The Big One could be coming

How likely is an earthquake in the Midwest, South? The Big One could be coming(Source usatoday.com)

The question is not if a massive earthquake will hit more than a half dozen states that border the Mississippi River, but rather when it will happen.

A minor earthquake early Wednesday that centered on Decatur in East Tennessee about 60 miles southwest of Knoxville was felt into Georgia, Kentucky, North Carolina and South Carolina.

“A 4.4 magnitude earthquake is a reminder for people to be prepared,” said John Bobel, a public information officer for the division of emergency management in Kentucky’s Lexington-Fayette Urban County Government. People see indoor objects shake with magnitude 4 to 4.9 quakes, but the quakes generally cause little to minimal damage.

Scientists have seen evidence that the central Mississippi River Valley has seen major earthquakes for more than 4,000 years.

Today the zone threatens Alabama, Arkansas, Illinois, Indiana, Kentucky, Mississippi, Missouri and Tennessee. That’s a different set of faults than Wednesday’s quake in the East Tennessee Seismic Zone.

Back in 1811, New Madrid, Missouri, itself had only 400 people, St. Louis to the north had about 1,500 residents and Memphis to the south wasn’t even a twinkle in its founders’ eyes, according to the Central United States Earthquake Consortium. Damage was reported as far away as Charleston, South Carolina, and the District of Columbia; and the quakes, estimated at 7.5 to 7.7 magnitude, were felt more than 1,000 miles away in Connecticut.

 

Trump’s new Africa strategy takes sharp aim at China, Russia

Trump’s new Africa strategy takes sharp aim at China, Russia (Source Associated Press)

The Trump administration on Thursday announced a sharp refocus of its Africa strategy to counter what it called the “predatory” practices of China and Russia, which are “deliberately and aggressively targeting their investments in the region to gain a competitive advantage.”

National security adviser John Bolton laid out the new strategy in remarks at the Heritage Foundation, saying the U.S. will now choose its African partners more carefully. He took special aim at China, accusing it of wielding “bribes, opaque agreements, and the strategic use of debt to hold states in Africa captive to Beijing’s wishes and demands.”

Russia, he alleged, is also “seeking to increase its influence in the region through corrupt economic dealings.” Russia and China’s efforts across the African continent, he said, “stunt” its economic growth.

Some critics have said this administration has let Africa policy drift for too long, while the president is well known for his disparaging remarks about the continent that is home to 1.2 billion people.

Addressing members of Congress on Wednesday, Assistant Secretary of State Tibor Nagy was the latest to warn of China’s increasing economic, military and political influence in Africa, a continent with some of the world’s fastest-growing economies and trillions of dollars’ worth of natural resources.

 

After instigating trade war America will have to dance to China’s

After instigating trade war America will have to dance to China’s (Source RT)

The lull in the US-China trade war amid new flaring tensions over the arrest of Huawei finance chief can only backfire at Washington as Beijing holds a trump card, veteran stockbroker Peter Schiff has warned.

Schiff, who serves as the CEO of Euro Pacific Capital, voiced his grim prediction for the outcome of US’ attempts to make others live by their rules as he sat down with RT’s Rick Sanchez. Beijing is not going to sit idly in this situation and its possible retaliation can undermine the American economy.

“I think this has much bigger and broader ramifications …I think long-term, this is going to undermine the dollar and its role as a reserve currency. And when that goes, so does the American standard of living because it’ll collapse,” the strategist told RT America.

 

There are several reasons for Washington to think twice before facing off against China, according to Schiff. First of all, the US is clearly in a bear market despite no one wanting to admit that fact. Otherwise the news on the Huawei’s Meng Wanzhou arrest would not have sent the markets south, the investor explained. Secondly, the US is in a much weaker position compared to Beijing, and the huge trade deficit with China does not give Washington an upper hand.

“I think the fact that they [China] supply us with all this merchandise that our economy needs, and the fact that they hold a lot of our bonds and continue to lend us a lot of money so we can live beyond our means, they’re the ones, I think, that call the tunes and we have to dance to it.”

The analyst also reiterated his previous doomsday warning on what he calls the US economic “bubble.” He said that as US President Donald Trump inherited it and made it only bigger, the bubble is going to “pop on his watch” leading to dire political and economic consequences.

“We are headed for a much worse financial crisis than the one we experienced in ’08, and we are headed for a much greater recession than the one we lived through following that crisis – the one we call the ‘Great Recession.’” the veteran expert concluded.

Multipolar World Order in the Making: Qatar Dumps OPEC. Towards a Tectonic Shift in the Global Energy Market?

Multipolar World Order in the Making: Qatar Dumps OPEC. Towards a Tectonic Shift in the Global Energy Market?

(Source Strategic Culture Foundation)

Moscow, Beijing and New Delhi, the Eurasian powerhouses, seem to have every intention, as seen at the trilateral summit in Buenos Aires, of developing the ideal multipolar frameworks to avoid continued US dominance of the oil market through shale revenues or submissive allies as Saudi Arabia, even though the latest spike in production is a clear signal from Riyadh to the USA. In this sense, Qatar’s decision to abandon OPEC and start a complex and historical discussion with Moscow on LNG in the format of an enlarged OPEC marks the definitive decline of Saudi Arabia as a global energy power, to be replaced by Moscow and Doha as the main players in the energy market.

Qatar’s decision is, officially speaking, unconnected to the feud triggered by Saudi Arabia against the small emirate. However, it is evident that a host of factors has led to this historic decision. The unsuccessful military campaign in Yemen has weakened Saudi Arabia on all fronts, especially militarily and economically. The self-inflicted fall in the price of oil is rapidly consuming Saudi currency reserves, now at a new low of less than 500 billion dollars. Events related to Mohammad bin Salman (MBS) have de-legitimized the role of Riyadh in the world as a reliable diplomatic interlocutor. The internal and external repression by the Kingdom has provoked NGOs and governments like Canada’s to issue public rebukes that have done little to help MBS’s precarious position. In Syria, the victory of Damascus and her allies has consolidated the role of Moscow in the region, increased Iranian influence, and brought Turkey and Qatar to the multipolar side, with Tehran and Moscow now the main players in the Middle East. In terms of military dominance, there has been a clear regional shift from Washington to Moscow.

Here’s Why Russian Bombers Are in Venezuela. And Why the U.S. Is So Angry About It

Here’s Why Russian Bombers Are in Venezuela. And Why the U.S. Is So Angry About It (Source Time)

When two of Russia’s most modern, nuclear-capable bombers landed in Venezuela earlier this week, American officials quickly took note. U.S. Secretary of State Mike Pompeo tweeted out a statement calling the move “two corrupt governments squandering public funds, and squelching liberty and freedom while their people suffer.” The angry reaction may well have been the intended purpose, according to experts on Russia and Venezuela. The arrival of the Tu-160 “White Swan” strategic bombers in Caracas on Monday serves to remind the United States that Russia can still project military might into the Western hemisphere, says Miriam Lanskoy, the Senior Director for Russia and Eurasia at the National Endowment for Democracy, a non-profit. “I don’t know that this constitutes some kind of military threat, but it is a communication about Russia’s overall global reach.”

The Tu-160 bombers were manufactured at the end of the Cold War and are among the most advanced strategic bombers in the world. They are capable of flying at twice the speed of sound and carrying both conventional and nuclear-armed cruise missiles that have a range of more than 3,400 miles. It’s not known whether the Russian bombers were carrying any kind of armament on their visit to Venezuela.

The White House told The Hill that the bombers — along with a Russian An-124 cargo plane and an Il-62 passenger jet — would leave on Friday. Russia and Venezuela have had close military ties for decades. During boom times, oil-rich Venezuela has been a major buyer of Russian military hardware — with contracts for fighter jets, tanks, small arms and other equipment totaling more than $12 billion, according to Americas Quarterly. More recently, Russia has helped Venezuela develop a cryptocurrency intended to help it evade U.S. sanctions.

 

Blood pressure drugs recalled over cancer concern

Blood pressure drugs recalled over cancer concern (Source usatoday.com) A generic drug company has recalled three commonly prescribed blood pressure medications over concerns they could include small amounts of a cancer-causing impurity. The recalled drugs all include the blood-pressure medication valsartan, the subject of a series of recalls by several drug companies since July.

The generic drug company Mylan Pharmaceuticals recalled 104 lots of three medications: valsartan tablets, combination tablets with the drugs valsartan and amlodipine, and combination tablets with valsartan and hydrochlorothiazide.

Testing revealed that valsartan contained trace amounts of N-nitrosodiethylamine, or NDEA, a possible human carcinogen, the company said.

Amlodipine and hydrochlorothiazide in standalone form are not subject to the recall.

 

Infant ibuprofen recall: Walmart, CVS Pharmacy and Family Dollar lots impacted

Infant ibuprofen recall: Walmart, CVS Pharmacy and Family Dollar lots impacted (Source usatoday.com)

Infant ibuprofen destined to be sold at several national retailers might contain a higher concentration of ibuprofen, leading to potential risks in infants, according to a Wednesday voluntary recall notice.

New Jersey-based Tris Pharma, Inc. said lots sold under Walmart, CVS Pharmacy and Family Dollar brands are impacted by the recall. The products were labeled to contain 50 mg of Ibuprofen per 1.25 mL.

The company said there is a “remote possibility” the increased amount of ibuprofen could lead to permanent kidney injury in infants. Other adverse effects could include nausea, vomiting, stomach pain and diarrhea, along with tinnitus, headaches or possible stomach bleeding.

To date, the company says it has not received any reports of adverse events related to the recall.

More than 5 million pounds of beef recalled

More than 5 million pounds of beef recalled (Source supermarketnews.com) JBS Tolleson Inc. is recalling more than 5.1 million pounds of raw beef products that may be tainted with salmonella, according to the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS).

This marks the third time since October that the meat producer has expanded its beef recall, bringing the total to more than 12 million pounds.

The affected products were produced and packaged at an Arizona facility owned by JBS Tolleson from July 26 through Sept. 7 and shipped to retailers nationwide under many brand names. Those included in the recall are Kroger, Cedar River Farms Natural Beef, Comnor Perfect Choice, Gourmet Burger, Grass Run Farms Natural Beef, JBS Generic, Showcase and Showcase/Walmart.

So far, nearly 250 people in 25 states have been sickened by salmonella linked to the meat. According to the U.S. Centers for Disease Control and Prevention, no deaths have been reported by 56 people have been hospitalized.

According to the recall notice, “The scope of this recall expansion now includes an additional 5,156,076 pounds of raw beef products, which were produced and packed from July 26, 2018, to Sept. 7, 2018. FSIS is concerned that some product may be frozen and in consumers’ freezers. These products should be thrown away or returned to the place of purchase.

“The products subject to recall bear establishment number ‘EST. 267’ inside the USDA mark of inspection. These items were shipped to retail locations and institutions nationwide.”

The FSIS has posted and is updating product lists and lists of specific retailers that received the recalled beef.

 

China embarks on a historic mission to land on the far side of the Moon

China embarks on a historic mission to land on the far side of the Moon (Source theverge.com)

Early Saturday morning in China, a rocket will launch, carrying a lander and a rover bound for the Moon. It will mark the beginning of China’s ambitious lunar mission known as Chang’e-4, which will attempt to land spacecraft on the Moon’s far side — the region that always faces away from Earth. No other nation has ever attempted such a feat — which means the mission could catapult China into spaceflight history. So far, China is among an elite group of three countries that have landed a spacecraft softly on the surface of the Moon. Apart from America’s notable Apollo missions, the former Soviet Union also landed robotic spacecraft on the lunar surface, with the last mission occurring in 1976. In 2013, China entered the fray, putting a lander and a rover on the Moon. That mission, known as Chang’e-3, was part of a decades-long campaign that China devised to study the Moon with robotic spacecraft. Prior to Chang’e-3, the country had put a spacecraft in lunar orbit and had also crashed a vehicle into the lunar dirt. Now, the next step is to visit a part of the Moon that’s never been fully explored. It’s a significant step because landing on the far side of the Moon is an incredibly challenging task. The Moon is tidally locked with Earth, meaning it rotates around its axis at about the same time it takes to complete one full orbit around our planet. The result: we only see one half of the Moon at all times. This near side of the Moon is the only region that we’ve landed on gently, because there’s a direct line of sight with Earth, enabling easier communication with ground control. To land on the far side of the Moon, you must have multiple spacecraft working in tandem. In addition to the lander itself, you need some kind of probe near the Moon that can relay communications from your lander to Earth.