asterisk2a + foreign   354

Libya crisis: UK officials anxious as blame is laid at doors of Gulf allies | World news | The Guardian
Blame for the renewed Libyan crisis has been laid at the doors of some of Britain’s closest allies in the Gulf, highlighting again how the UK’s commercial interests so often trump its political priorities in the Middle East.
Libya  UAE  Saudia  Arabia  Middle-East  foreign  affairs  UK  NATO  France 
9 weeks ago by asterisk2a
Khashoggi case is test for UK-Saudi relationship | Patrick Wintour | Politics | The Guardian
Critics of Saudi regime are at risk – wherever they may be
Disappearance of Jamal Khashoggi shows Riyadh has little respect for borders - https://www.theguardian.com/world/2018/oct/10/critics-of-saudi-regime-are-at-risk-wherever-they-may-be
&
https://www.youtube.com/watch?v=k7cv0SN6KxI - Remarkable Call From Army Consultant On Why UK Doesn't Intervene On Saudi Arabia
Turkey  Saudi  Arabia  foreign  policy  diplomacy  Russia 
october 2018 by asterisk2a
The end of Atlanticism: has Trump killed the ideology that won the cold war? | News | The Guardian
"special relationship" - The foreign policy establishment has been lamenting its death for half a century. But Atlanticism has long been a convenient myth // Atlanticism has never had a very stable meaning. For one thing, the US and Europe have not always considered each other natural political partners. For most of American history, there hasn’t even been a unified “Europe” to partner with. [...] Advertisement

In 1973, Henry Kissinger, himself a transatlantic refugee, launched a “Year of Europe” tour to try to save the relationship in the name of containment, preventing the further growth of the Soviet Union. Speaking as Nixon’s national security adviser, he asked whether the Atlantic community could thrive as the memory of the second world war began to fade. As the “rigid divisions of the past two decades diminish, new assertions of national identity and national rivalry emerge”. He argued that Americans should continue to support European unity. “If we permit the Atlantic partnership to atrophy … we shall miss our historic opportunity for even greater achievement.”
Donald  Trump  DonaldTrump  Brexit  Atlanticism  foreign  policy  affairs  diplomacy  USA  UK  Germany  Europe  China  Russia  history  coldwar  special  relationship  myth  nationalism  Kissinger  politics  foreignaffairs  Interventionism  Iraq  Afghanistan  nuclear  deterrent  G-Zero 
september 2018 by asterisk2a
Donald Trump's success reveals a frightening weakness in American democracy - YouTube
liquid times by Zygmunt, globalization - accelerated times, inequality, 1%, poverty trap, weak institutions being fleeced (latest and biggest - GFC, one rule for the one TBTF and other for the many, many have to suffer what they must (varoufakis)), same w broken promise of globalisation benefits everyone, same w failed military interventions ... STRUCTURAL REASONS - DEMOCRACY ELECTED REPRESENTATION does no more exist! its lobbied $$$ vested interest pork barrels corruption abuse get rich quick schemes. Longing for past greatness eg case Brexit. //&! https://www.youtube.com/watch?v=5YU9djt_CQM - Authoritarianism: The political science that explains Trump &! https://de.wikipedia.org/wiki/F-Skala_(Autorit%C3%A4re_Pers%C3%B6nlichkeit) &! Democratic Backsliding (salami tactic) - https://www.youtube.com/watch?v=pF-Tdsvk0tI - The decline of American democracy won't be televised
DonaldTrump  Donald  Trump  Brexit  UKIP  Authoritarianism  GOP  LGBT  Transgender  gay  marriage  immigration  Culture  Identity  politics  inequality  unknown  foreign  different  AfD  uncertainty  No  Representation  book  globalisation  Super  Rich  1%  tax  evasion  avoidance  globalization  Institutions  revolving  door  lobby  vested  interest  Plutocracy  Oligarchy  Technocracy  Monopoly  poverty  trap  working  poor  post-racial  America  UK  Germany  American  Dream  democracy  history  neoliberal  neoliberalism  economic  Austerity  GFC  trust  trustagent  Sociology  Psychology  Philosophy  gini  Coefficient  corruption  White-collar  crime  war  on  drugs  Military–industrial  Privatisation  profit  maximisation  food–industrial  big  Pharma  TBTF  bailout  recovery  China  Russia 
january 2018 by asterisk2a
How Europe's far right fell in love with Australia's immigration policy | World news | The Guardian
Espersen has studied Australia’s Pacific solution in detail, so I pushed him: where would your Nauru be? “Morocco is a very good example of a country that would possibly do it for an amount of money,” he claims. And Danish staff could run the camps. “We would run the things ourselves and pay the Moroccan authority a fee. We would also make it possible for their local grocers or butchers to come and deliver goods … There will be excellent service, I can assure you.” In the Danish right’s offshore paradise, there would be education, too. Nobody will be “living in ratholes”, he promises. [...] As with Australia and its offshore centres, what happens in Libya stays in Libya while Europe washes its hands of responsibility. If the flow of migrants surges again during the next war or climate crisis, the clamour for offshoring will only grow louder. And if the Australian model is adopted more fully in Europe, then there will be no hope for legitimate refugees to claim asylum through legal channels, and more of them will seek illegal paths to Europe.
European  Union  refugee  war  crisis  Africa  Libya  Lybien  Auffanglager  human  rights  Germany  quota  btw17  AfD  Brexit  immigration  Australia  KZ  far-right  right-wing  alt-right  neoliberalism  corporate  totalitarianism  FDP  Austria  policy  capitalism  Exploitation  Foreign  Aid  Syria  Iraq  Afghanistan  Islamophobia  Turkey  Erdogan  Merkel  UN  Asylum  Asylbewerber  book  Klimakatastrophe  Climatecatastrophe  national  security  food 
october 2017 by asterisk2a
End austerity – and kickstart Martin Luther King’s revolution of values | Richard Kozul-Wright | Opinion | The Guardian
Hyperglobalisation has concentrated massive wealth in a few hands, boosting the cult of materialism that the great civil rights campaigner warned us about // Byung-Chul Han // The real threat now is to the underlying trust, cohesion and sense of fairness that markets depend upon in order to function effectively. Against this, insisting that “there is no alternative” is yesterday’s political slogan. People everywhere desire much the same thing: a decent job, a secure home, a safe environment, a better future for their children and a government that listens and responds to their concerns. They want a different deal from that offered by hyperglobalisation. Prosperity for all cannot be delivered by austerity-minded politicians, rent-seeking corporations and speculative bankers. What is urgently needed now is a global new deal. Three elements – recovery, regulation and redistribution – remain at the heart of any such deal. Book Richard Kozul-Wright is director of the globalisation and development strategies division in the United Nations Conference on Trade and Development. Its annual report, Beyond Austerity: Towards a Global New Deal, is published today
MLK  Martin  Luther  King  materialism  Consumer  Consumerism  consumerist  Selbstdarstellung  Social  Media  Facebook  Instagram  Snapchat  YouTube  Celebrity  Kim  Kardashian  Capitalism  globalisation  globalization  neoliberal  neoliberalism  Society  Gesellschaft  Zivilgesellschaft  Anarchism  Chomsky  Sociology  Philosophy  Soziologie  mental  health  Depression  anhedonia  dysthymia  self-medication  chronic  sick  population  Community  Austerity  GFC  bank  bailout  working  poor  poverty  trap  Precariat  Deprivation  Values  TINA  Alternativlos  Trust  TBTF  tax  evasion  avoidance  history  Economics  book  Foreign  Aid  double  standard 
september 2017 by asterisk2a
(1487) Blaming Russia Goes Deeper Than Hillary Clinton & the Democrats - YouTube
keeping in a permanent state of alarmingness/ "permanent war footing" / readiness preparedness: China South Sea (China) w Japan as Allie. // vs Russia. // Middle East. // Kovalik's new book is "The Plot to Scapegoat Russia: How the CIA and the Deep State Have Conspired to Vilify Russia." --- MANUFACTURING CONSENT - PERCEPTION MANAGEMENT HYPERNORMALISATION
USA  War  Military–industrial  complex  Russia  China  Japan  Middle  East  ISIS  Saudi  Arabia  Yemen  Iraq  Afghanistan  Putin  Syria  Ukraine  Libya  DonaldTrump  Donald  Trump  BarackObama  book  conflict  humanity  Chomsky  Manufacturing  Consent  Hypernormalisation  NATO  Crimea  Perception  Management  foreignaffairs  foreign  affairs  North  Korea  policy  cyberwar  Cold  2.0  ColdWar  history  west  UN  cyberattack  Nuclear  Arms 
june 2017 by asterisk2a
Türkei-Referendum: Deutschland muss Farbe bekennen - SPIEGEL ONLINE
Dass es ausgerechnet viel ausländisches Kapital war, das den Erdogan-Aufschwung in seiner vergangenen, soliden Phase überhaupt erst ermöglicht hat, wird er freilich geflissentlich verschweigen.
Turkey  authoritarianism  Erdogan  foreign  relations  foreignaffairs  Germany  European  Union  Religion  Kurdish  Islam  Muslim  Kurds 
april 2017 by asterisk2a
School budget squeeze 'is reducing pupils' subject choice' - BBC News
The English Baccalaureate or EBacc was brought in by the coalition government in 2010 for pupils achieving at least a GCSE C grade in English, maths, the sciences, a language and geography or history.
The percentages of pupils entering and achieving this standard are among measures used by government to determine a school's performance.
The poll suggests pupils' options are being narrowed throughout the secondary curriculum.
education  policy  Austerity  JAM  Theresa  May  nasty  party  Conservative  skills  gap  foreign  language  culture  Brexit  Global  Britain  Philip  Hammond  Privatisation  Academy  Free  Schools  PFI  Council  gini  coefficient  poverty  trap  social  income  mobility 
april 2017 by asterisk2a
The Guardian view on Theresa May’s world: trading on fantasy | Editorial | Opinion | The Guardian
[ sacrifice west values for pennies ] The prime minister and senior colleagues have fanned out across the world trying to prove that trade deals with illiberal regimes can compensate for a hard Brexit. They are wrong &! https://www.theguardian.com/world/2017/apr/04/liam-fox-meets-philippine-president-rodrigo-duterte
Brexit  Theresa  May  David  Davis  BoJo  Boris  Johnson  Liam  Fox  Saudi  Arabia  DonaldTrump  Donald  Trump  WTO  trade  teal  free  foreign  relations  foreignaffairs  affairs  diplomacy 
april 2017 by asterisk2a
​Sweet Brexit: what sugar tells us about Britain’s future outside the EU | Business | The Guardian
Not only has sugar beet been an unusually reliable source of income for 3,500 of Britain’s arable farmers, but its broad green leaves are an important rotational crop in between soil-sapping wheat. If they are forced to compete head-on with what the NFU regards as artificially subsidised cane sugar from producers places in places such as Brazil and Thailand, it fears the economics of an industry supporting 9,600 jobs will unravel. The NFU accuses many cane-producing countries of dumping exports at prices below their true cost of production because governments offer various complicated farm subsidies. But some of these claims, particularly in Brazil, are disputed.
Brexit  European  Union  Agriculture  subsidies  subsidizing  subsidising  Food–industrial  complex  £  Pound  British  Sterling  FX  Forex  foreign  exchange  Protectionism  WTO 
march 2017 by asterisk2a
Tesco pulls Sol, Amstel and Tiger from shelves in Brexit price row | Business | The Guardian
The brewer has also faced unexpected pressure from a surprisingly stiff increase in alcohol taxes in the budget earlier this month.

Philip Hammond raised beer duty in line with the retail price index measure of inflation, but used a forecast rate of 3.9%, rather than the current RPI level of 3.2%.

The higher-than-expected duty rise, coupled with increased costs for bottles, packaging and fuel because of the pound’s slump since the EU referendum, is understood to be behind the Heineken’s decision to ask for higher prices.
Brexit  inflation  British  Pound  Sterling  £  Forex  foreign  exchange  Dollar 
march 2017 by asterisk2a
Trump Has No Foreign Policy - POLITICO Magazine
There's no such thing as a Trump Doctrine, folks—just an incoherent mess.
DonaldTrump  Donald  Trump  GOP  Republicans  foreignaffairs  foreign  policy  affairs 
february 2017 by asterisk2a
Microsoft raises prices of some PCs by up to £400 due to Brexit | Technology | The Guardian
Microsoft has increased the price of its Surface and Surface Book computers in the UK by more than 15%, or £400 for some models, due to sterling’s drop in the value post-EU referendum.

The price increase comes in the wake of similar moves by Sonos and twice by Apple, which saw the cost of computers, speakers and apps rise by as much as 25% adjusting for the falling value of sterling against the dollar, in which Microsoft and other US technology firms do their accounting.
Brexit  British  Pound  £  foreign  exchange  FX  purchasing  power 
february 2017 by asterisk2a
Steve Bannon: 'We're going to war in the South China Sea ... no doubt' | US news | The Guardian
The United States and China will fight a war within the next 10 years over islands in the South China Sea, and “there’s no doubt about that”. At the same time, the US will be in another “major” war in the Middle East.

Those are the views – nine months ago at least – of one of the most powerful men in Donald Trump’s administration, Steve Bannon, the former head of far-right news website Breitbart who is now chief strategist at the White House.
Middle  East  Syria  Iraq  Afghanistan  Iran  South  China  Sea  Japan  USA  DonaldTrump  Donald  Trump  Military–industrial  complex  Steve  Bannon  foreignaffairs  foreign  policy  trade  deal  Protectionism  Nationalism  Patriotism  far-right  right-wing  affairs  United  Nations  Russia 
february 2017 by asterisk2a
Trump gives National Security Council seat to ex-Breitbart chief Steve Bannon | US news | The Guardian
President also gives Priebus access to sensitive meetings while partially excluding defense chiefs and requesting strategies to defeat Isis // In a further sign that the White House intends to centralise decision-making in a small group of rightwing ideologues around Trump, it was announced that Steve Bannon, the former executive of the Breitbart rightwing news website, would be taking part in national security principals meetings, which make key decisions on defence and foreign policy, but that the director of national intelligence and the chairman of joint chiefs of staff would not automatically attend. [...] “The appointment of Mr Bannon is something which is a radical departure from any National Security Council in history.” - https://www.theguardian.com/us-news/2017/jan/29/republicans-call-trumps-muslim-ban-a-self-inflicted-wound
DonaldTrump  Donald  Trump  Steve  Bannon  Reince  Priebus  far-right  right-wing  Nationalism  Patriotism  Rechtsruck  Rechtsextremismus  USA  alt-right  neo-Nazi  foreign  affairs  policy  foreignaffairs  UK  European  Union  NATO  War  on  Terror  ISIS 
january 2017 by asterisk2a
Never mind the optics, Theresa May’s US dash was mortifying | Opinion | The Guardian
this hasty visit smacks of desperation // He will have seen May as that most desperate of creatures: the housebuyer who rashly sold her old house before she had found a new one. Having tossed away Britain’s keys to the European single market, she will soon be homeless – and Trump knows it. For all the niceties – May’s shrewd deployment of a royal invitation for a state visit and her compliment to the president on his “stunning election victory”, flattery which saw Trump glow a brighter shade of orange – he will have seen May as a sucker who needs to make a deal. And he will look forward to naming his price.
DonaldTrump  Donald  Trump  Theresa  May  Brexit  trade  deal  European  Union  foreignaffairs  foreign  relations  NHS  Tories  2020  nasty  party  Conservative  Privatisation  TTIP  Austerity 
january 2017 by asterisk2a
Campaign issues cultural ‘call to arms’ to boost arts learning in England | Culture | The Guardian
A generation of young people will be “intellectually poorer, emotionally more limited, and socially more isolated” unless they are allowed access to a full range of arts and culture. [...] Serota said experience of art and culture in school can shape all lives. “Creativity is ... one of the essential ingredients of a rich and tolerant society and of personal and national identity. It should be one of the cornerstones of education, not an option or an afterthought and we should be celebrating all kinds of intelligence and intuition, not creating hierarchies within the disciplines of the mind,” he said.
UK  Austerity  Culture  monolingual  identity  politics  DonaldTrump  Donald  Trump  Brexit  Fremdenfeindlichkeit  Xenophobia  Homophobia  homophobic  LGBT  Ausländerfeindlichkeit  Foreign  immigration  migration  Zivilgesellschaft  Wertegesellschaft 
january 2017 by asterisk2a
The Era of American Global Leadership Is Over. Here’s What Comes Next | TIME
G-Zero Book // it has become unavoidably obvious that the transition toward a leaderless world is now complete. The G-zero era I first predicted nearly six years ago is now fully upon us. No matter how long Trump remains in the White House, a crucial line has been crossed. The fallout will outlive his presidency, because Trump has proved that tens of millions of Americans like this idea.
G8  G7  G20  world  police  DonaldTrump  Donald  Trump  foreign  policy  affairs  foreignaffairs  book 
december 2016 by asterisk2a
Apple raises computer prices in UK - BBC News
Mr O'Brien said it was "inevitable" that more companies would increase the prices of products and services.
"Retailers are struggling with increased costs to import goods, and it's something they cannot afford to swallow themselves," he told the BBC.
"We will definitely see further price rises, so if people are in the market for big-ticket items such as laptops, it might be a wise idea to buy now rather than later."
Brexit  foreign  exchange  Forex  £  British  Pound  Sterling 
october 2016 by asterisk2a
Welcome to Poundland, where life is bliss if you’re a foreign buyer | Andrew Rawnsley | Opinion | The Guardian
The dramatic plunge in the value of sterling is an early indicator of the price to be paid for Brexit [...] Remainers who had warned that divorcing the EU would unleash severe economic shocks were left looking a bit foolish because those consequences did not materialise immediately. The Outers had a success during the referendum in persuading many voters to ignore the “so-called” experts on the other side and their cautions that there would be a steep bill to pay. [...] If making your currency cheaper was the route to riches, our streets ought to be encrusted with diamonds by now. [ it is in policy! ]
Sterling  British  Pound  FX  foreign  exchange  Brexit  inflation  CPI  RPI  Triple  Lock  Pension  Rail  Fares  working  poor  living  standard  wage  growth  devaluation 
october 2016 by asterisk2a
Sterling: A political animal | FT Markets - YouTube
fx vigilante. bond figilante. collective market doesnt like brexit. thus sells off. NO BUYING INTEREST! now £ is a political currency!!! // fall of £ is a painful solution to possible adjustment towards healthier economy. // E/£ parity by end of next year as we get concrete about exit with negotiations. this is uk prob not eu prob, brexit.
Brexit  foreign  exchange  FX  British  Pound  Sterling  FDI  direct  investment  current  account  deficit  currency  war  devaluation  budget  BOE  Mark  Carney  QE  ZIRP  NIRP  inflation  RPI  CPI  property  bubble  fiscal  monetary  policy  austerity  GDP 
october 2016 by asterisk2a
Brexit fallout: top brands pulled from Tescos as food prices set to rise by 5 percent - YouTube
Unilever is anglo-dutch and reports in euros thus fall in £ against euro is a profit/margin squeeze bc internally at unilever they did not protect themselves in FX market w options against eventual Brexit fallout! unilevers internal analysis was apparently for no vote. // & that manufacturing and exports flourish. you have to invest in industry. industry of the future 10 years down the road. which means FDI, internal business investment (rising business confidence uk wide and world wide for international uk businesses), and gov investment w long term plan 10-20 years. for the next gen. explicitly for the next gen. quasi for the 0-40 year olds.
FDI  foreign  direct  investment  British  Pound  £  Sterling  exchange  rate  Brexit  trustagent  business  confidence  consumer  inflation  RPI  CPI 
october 2016 by asterisk2a
Global Empire - The World According to Seymour Hersh [Part One] - YouTube
- press aftermath of killing of osama bin laden organised by washington, duh! // Pakistan (nuclear power right after India) sort of knew that they were giving safe harbour for osama bin ladan (full time pakistani doc, generals knowing) // Saudi Arabia involvement - supporting pakistan officials harbouring osama bin laden // Impossible for Pakistan not to know about Raid. Thus must have been paid off.
osama  bin  laden  osamabinladen  book  investigative  journalism  Tariq  Ali  Seymour  Hersh  BarackObama  USA  Hegemony  Foreign  Policy  Affairs 
august 2016 by asterisk2a
China warns of 'crucial juncture' over Hinkley delay - BBC News
Writing in the Financial Times, Liu Xiaoming said the delay to approving the plant had brought the two countries to a "crucial historical juncture".
He hinted that "mutual trust" could be in jeopardy if the UK Government decided not to approve the deal.
FDI  foreign  direct  investment  Hinkley  Point  C  UK  China  Russia  Huawei  Theresa  May  national  security  USA  Cisco  Surveillance-Industrial  Complex  cyber  war 
august 2016 by asterisk2a
Wie die aktuelle Kooperation mit Agrarkonzernen eine nachhaltige Landwirtschaft verhindert
Oxfam-Sudie belegt: Deutsche Entwicklungshilfe nützt "vor allem den Profitinteressen der beteiligten Agrarkonzerne".
Foreign  Aid  Africa  South  Asia  Palm  Oil  Free  Trade  Agreement  Lobby  crony  capitalism  Exploitation  career  Politicians  globalisation  globalization 
august 2016 by asterisk2a
Hinkley Point: Theresa May's China calculus - BBC News
The UK already has a Chinese company, Huawei, running key parts of its telecommunications network.Arguably nuclear energy is likewise a business relationship subject to similar national security safeguards. But led by the United States, several other western countries have barred Huawei's involvement in key telecommunications networks on national security grounds. And no other major developed economy has invited Chinese involvement in a key nuclear energy project. //&! http://bbc.in/2anNbdh
Hinkley  Point  C  China  Brexit  National  Security  FDI  Foreign  Direct  Investment  EDF  France  UK  Relations 
august 2016 by asterisk2a
We have entered a new era of conflict, warns new book
In his new book, Irregular War (IB Tauris) , he reflects on Isis, al-Qaida, Boko Haram, Al Shabab, and the Taliban - all separate manifestations, he says, of a new non-state dynamic driving international conflict through asymmetric and hybrid warfare. But their significance is more fundamental. They are part of what Rogers calls “an historical shift towards revolts from the margins”. And such revolts are made more likely by “the widening global socio-economic divide and the onset of climate disruption”. [...] The causes of conflict are many and deep – economic, political, societal, environmental, demographic. [...] “the increasing marginalisation of the majority of the world’s people caused by the workings of the neo-liberal system of international economic activity” which concentrates most of the fruits of economic growth in the hands of a transglobal elite of some 1.5bn people.
book  ISIS  ISIL  al-Qaeda  al-Qaida  Boko  Haram  Al  Shabab  Taliban  Middle  East  Iraq  War  climate  change  global  warming  extreme  weather  extreme  poverty  free  trade  weather  extreme  drought  crop  shortage  water  security  food  security  crop  failure  youth  unemployment  unemployment  Arab  Spring  Jasmine  Revolution  jasminrevolution  military-intelligence  military–industrial  complex  Gini  coefficient  inequality  poverty  1%  10%  20%  globalisation  globalization  winner  take  all  Super  Rich  plutocracy  neoliberal  neoliberalism  neoclassical  economics  neoconservatism  neoconservatives  Chicago  School  liberalism  Foreign  Aid  global  economy 
july 2016 by asterisk2a
UK current account deficit deepens Brexit fears | Business | The Guardian
ONS data reveal trading position with rest of world is worse than thought and confirm that economy slowed in the first quarter.
Brexit  UK  economy  global  economy  recovery  FDI  foreign  direct  investment  consumer  spending  consumer  confidence  business  confidence  uncertainty 
june 2016 by asterisk2a
Firms plan to quit UK as City braces for more post-Brexit losses | Business | The Guardian
The IoD said a quarter of the members polled in a survey were putting hiring plans on hold, while 5% said they were set to make workers redundant. Nearly two-thirds of those polled said the outcome of the referendum was negative for their business. One in five respondents, out of a poll of more than 1,000 business leaders, were considering moving some of their operations outside of the UK. //&! The chief executive of Deutsche Bank – which employs 11,000 in the City – has played down the long-term impact. John Cryan, who is British, told Handelsblatt: “The financial centre won’t die but it will get weaker.” - bit.ly/28WkoMZ
Brexit  recession  City  of  London  European  Union  FDI  foreign  direct  investment  GBP  current  account  deficit  budget  deficit  fiscal  deficit  austerity  monetary  policy  fiscal  policy  BOE  ZIRP  NIRP  QE  distortion  inflation  targeting  inflation  expectation  business  confidence  consumer  confidence  British  Pound  uncertainty 
june 2016 by asterisk2a
Pound falls further in Asian trading on Monday
Traders will be watching the UK's financial position closely over the coming months. "The funding position of the UK, with its twin current account and fiscal deficits, are the next pressures to weigh," Mr Cook said. The UK's current account deficit measures the balance of trade, investment income and money transfers. That deficit means that the UK must borrow to pay its way in the world. The fiscal deficit refers to the gap between government expenditure and income that has to be financed by borrowing.
Those indicators of the UK's financial health will also affect how much the UK government has to pay to borrow. On Friday there was demand for UK government debt, which drove down the yield - an early indication that the UK should be able to continue to borrow cheaply. //&! George Osborne will issue a statement early on Monday morning in a bid to calm markets after the surprise Brexit vote triggered turmoil on Friday. - bbc.co.uk/news/business-36636762
Brexit  fiscal  deficit  fiscal  policy  current  account  deficit  foreign  direct  investment  FDI  austerity  George  Osborne  BOE  ZIRP  NIRP  QE  Mark  Carney  secular  stagnation  recession 
june 2016 by asterisk2a
EU referendum: Moody's cut UK's credit outlook to 'negative'
EU head Jean-Claude Juncker said it was "not an amicable divorce", but it was "not a tight love affair anyway".
Moody's said the referendum result would have "negative implications for the country's medium-term growth outlook", and it lowered the UK's long term issuer and debt ratings to "negative" from "stable". [...] "In Moody's view, the negative effect from lower economic growth will outweigh the fiscal savings from the UK no longer having to contribute to the EU budget."
It also said the UK had one of the largest budget deficits among advanced economies.
Brexit  credit  ratings  creditrating  creditrisk  FDI  foreign  direct  investment  UK  austerity  budget  deficit 
june 2016 by asterisk2a
The UK's EU referendum: All you need to know - BBC News
Brexit: What does it mean for expats, here and in the EU? - bbc.co.uk/news/business-36606847 //&! Brexit: Five key areas to watch on the economy - bbc.co.uk/news/business-36595638 - foreign direct investment, //&! Age Gap - bbc.co.uk/news/magazine-36619342 //&! EU referendum: The result in maps and charts - bbc.co.uk/news/uk-politics-36616028 //&! The David Cameron story - bbc.co.uk/news/uk-politics-eu-referendum-36540101 //&! Lord Peter Hennessy: 'This moment is comparable to the end of the British empire' - Brexit: 'An unprecedented geopolitical shift' - bbc.co.uk/news/uk-politics-eu-referendum-36625209
Brexit  FDI  UK  foreign  direct  investment  David  Cameron  election  campaign  promises  Manifesto  general  2015 
june 2016 by asterisk2a
Why Brexit could hurt the US, too
Washington fears that a decision to abandon the European project, in which Britain has been an often-reluctant participant since 1973, would threaten to unravel the union, a vital ally, as it struggles with disunity and unleash a new instability in an already dangerously volatile world.
While advocates of a British departure say the country will be stronger freed from the shackles of Brussels bureaucracy, opponents fear it could dismember the U.K. should Scotland decide its future still lies in the E.U. and demand a fresh independence vote. [...] And throughout his presidency, Obama has expressed irritation at the neediness of European leaders competing for the attention of the American president. He's grumbled that European nations won't do more for NATO and even publicly rebuked Cameron in a recent Atlantic magazine interview for not doing more to bring peace to Libya after a NATO intervention in 2011 pushed by him and other Europeans.
Brexit  barackobama  NATO  War  on  Terror  Hegemony  USA  foreign  affairs  diplomacy  European  Union  Defense  Spending  UK  neoconservatism  neoconservatives 
april 2016 by asterisk2a
BAE Systems workers issue job cuts warning
[ we are all in this together ] They say the problem comes from slower release of Ministry of Defence (MoD) funding for Type 26 warships.
That means work on them will start later than planned, and will be carried out more slowly, probably requiring fewer workers.
Hundreds of jobs have been lost on the Clyde in the past 18 months as BAE reduced shipbuilding capacity.
UK  austerity  NATO  Defense  Contractor  Defense  Spending  Cold  War  Cold  War  2.0  Russia  Middle  East  China  Hegemony  George  Osborne  David  Cameron  general  election  2020  Foreign  Aid  triple-lock  pension  GCHQ  War  on  Terror  Tories  Conservative  Party 
april 2016 by asterisk2a
Barack Obama says Brexit would leave UK 'back of the queue' on trade
US President Barack Obama has said Britain would go to the "back of the queue" for trade deals with the US if it votes to leave the European Union. He said Britain was at its best when "helping to lead" a strong EU and membership made it a "bigger player" on the world stage. He was speaking at the start of a three day visit to the UK. EU exit campaigners reacted angrily to his words, with Tory MP Dominic Raab dubbing him a "lame duck" president. //&! LEAVE CAMPAIGN ATTACK OBAMA - bbc.in/1WK7vsO - 'Deeply anti-democratic' - Mr Johnson, who is campaigning for Britain to leave the EU in the referendum on 23 June, has argued that America would never give up control of its own affairs in the way that the UK has done as a member of the EU. [...] [Boris comment is] dog whistle racism from senior Tories. //&! video story - bbc.in/22U9iLB
Brexit  free  trade  trade  negotiations  TPP  TTIP  regulation  trade  policy  foreign  affairs  barackobama  Boris  Johnson  diplomacy  compromise 
april 2016 by asterisk2a
Martin Wolf on Brexit fears | FT Comment
significant reduction in output, and unknowns and unknown unknowns time after vote, delayed investment into UK. Businesses like certainty! [...] We will be small off-shore island [...] UK relationship w USA was important to EU. [...] Weaker Europe, weaker UK. [...] //&! UK Treasury's analysis of Brexit - youtu.be/iT7Z4Kzb53I - Econ risk and immigration huge pillar of voting-decision especially for swing voters. [...] £4300 over next 14 years, the assumption/basis of this is lower economic growth (6%) ... attack is that this is not a fact. [...] Leave campaign argues the world will queue up to do quickly trade deals with you, which is not fact. [...] Stay campaign says this is not the case, and USA has hinted at that that you can't fall back on us to arrage quick trade deal negotiations with other countries, just because of our past relations.
Brexit  underinvestment  FDI  foreign  direct  investment  uncertainty  output  gap  productivity  productivity  gap  TTIP  unknown  unknown  unknowns  foreign  relations  business  confidence 
april 2016 by asterisk2a
Pascal Lamy: Gove is 'pie in the sky' on Brexit - BBC Newsnight
Trade w europe may be currently shrinking (eu 'crisis'), but how much negotiation lever do you have as UK vs Europe (one single market/consumer!?) That is what Daniel Hannan does not highlight, the leverage of size to access, in negotiations with other countries. [...] 'trade negotiations are so long because they are so tough' [...] what will the UK have to give up, to gain access to foreign markets for their measly 20% of the whole economy (production, ie also house building, not just export/manufacturing)!? (2015, 80% of UK GDP growth consisted of consumption). Competing with much more competitive industry now! ( ie Cars. Ford's new plant in Mexico/Latin America ...) [...] "You can not exit and keep the benefits while you were in!" //&! >> What kind of trade deal could we get if we left the EU? - youtu.be/Pj9nPncM61M &! youtu.be/r8MiUI2eN6c
Brexit  free  trade  trade  agreement  TTIP  TTP  CETA  NAFTA  FDI  foreign  direct  investment  trade  deficit  current  account  deficit  Manufacturing  industrial  policy  policy  folly  policy  error  energy  policy  Steel  Industry  Steel  Crisis  competition  competitive  competitiveness  competitive  advantage  comparative  advantage  macroeconomic  policy  microeconomic  policy 
april 2016 by asterisk2a
Überraschungsbesuch in Libyen: Steinmeier und Ayrault treffen neue Regierung
Mit einem Kurzbesuch in Libyen wollen Außenminister Steinmeier und sein französischer Kollege Ayrault die neue Einheitsregierung unterstützen. Das kommt der faktischen Anerkennung der neuen Machtinhaber gleich. //&! bit.ly/1SlTrWz - David Cameron under pressure to come clean over plans to send British troops to Libya. As EU ministers meet to find way forward for war-torn state, MPs demand truth about reports of UK deployments.
refugee  crisis  European  Union  Brussels  Lybia  Libya  Libyen  Turkey  Erdogan  geopolitics  foreign  policy  domestic  affairs  UK  USA  ISIS 
april 2016 by asterisk2a
Saudi Arabia Threatens To Liquidate Its Treasury Holdings If Congress Probes Its Role In Sept 11 Attacks
[...] But the threat is another sign of the escalating tensions between Saudi Arabia and the United States. [...] "Obama has been lobbying so intently against the bill that some lawmakers and families of Sept. 11 victims are infuriated. In their view, the Obama administration has consistently sided with the kingdom and has thwarted their efforts to learn what they believe to be the truth about the role some Saudi officials played in the terrorist plot." //&! http://www.zerohedge.com/news/2016-04-15/one-man-asks-why-was-tritium-found-911-ground-zero
9/11  Saudi  Arabia  gwbush  georgewbush  bush  China  Japan  USA  reserve  currency  USD  Dollar  petrodollar  Middle  East  Taliban  al-Qaeda  al-Qaida  osamabinladen  OPEC  sovereign  wealth  fund  geopolitics  diplomacy  barackobama  foreign  affairs  Intelligence  foreign  relations  War  on  Terror  Pakistan  India  Hegemony  arms  trade  UK 
april 2016 by asterisk2a
Questions raised over £10bn Chinese deal
The investment and infrastructure company said the deal paved the way for "significant investment" in areas such as clean energy, transport and affordable housing in Scotland.
Ppposition politicians questioned why MSPs were not told about the agreement before the Scottish Parliament was dissolved ahead of the election on 5 May, and called for full details to be published.
'Open for business'
Speaking publicly about the agreement for the first time on Sunday, Ms Sturgeon said: "What we have done is sign a memorandum of understanding that commits us to explore possible investment.
UK  David  Cameron  FDI  foreign  direct  investment  George  Osborne  austerity  ZIRP  NIRP  QE  Scotland  Fiscal  Framework  Scotland  Bill  Westminster  Nicola  Sturgeon  Holyrood  China  underinvestment  public  asset  HS2  Richard  Koo  recovery  economic  history  foreign  affairs  Hegemony  geopolitics 
april 2016 by asterisk2a
The Middle East is now Europe's backyard
We are accustomed to thinking about policy in binary terms - domestic politics on the one hand, foreign affairs on the other.
But as the tragic events in Brussels demonstrate once again, home and away are not so easily separated.
Indeed, in a fundamental sense, the problems of a fragmenting Middle East are fast-becoming Europe's problems too.
ISIS  Middle  East  history  Iraq  War  Afghanistan  Syria  Syrien  civil  War  on  Terror  military  intervention  foreign  policy  domestic  affairs  European  Union  Boko  Haram  al-Qaeda  al-Qaida  Taliban  Lybia  Libya  Libyen  Turkey  refugee  crisis 
march 2016 by asterisk2a
Hinkley: Why do we need the new nuclear power station? - BBC News
[ strike price ] Why is a new nuclear power station at Hinkley Point running years behind schedule and the cause of seemingly endless debate? Here are some answers to the questions surrounding the world's most expensive power project. [ prob w renewables is energy storage systems and capacity! ] [...] However, the UK needs to build more power stations if it is to meet growing demand for electricity and the government wants to ensure consumers foot the bill no matter where the electricity comes from.
Hinkley  Point  C  white  elephant  nuclear  power  nuclear  waste  carbon  tax  renewable  energy  energy  policy  energy  price  competitiveness  industrial  policy  Manufacturing  foreign  direct  investment  energy  storage  energy  security  Tories  Amber  Rudd  David  Cameron  George  Osborne  underinvestment  Smart  Grid  UK  Politics  dogma  ideology  trickle-down  economics  free  market  neoliberalism  neoliberal  subsidies  subsidizing  solar  energy  wind  energy  gas  energy 
march 2016 by asterisk2a
Central bankers on the defensive as weird policy becomes even weirder | Business | The Guardian
Growth is tepid, productivity is poor, and inflation is too low: all is not going according to policymakers’ masterplans [...] As far as the OECD is concerned, monetary policy is being forced to take too much of the strain. Its chief economist Catherine Mann made the point that lasting recovery required three things: stimulative monetary policy; activist fiscal policy; and structural reform. The OECD wants the second of these ingredients to be added to the recipe in the form of increased spending on public infrastructure, something it says would more than pay for itself at a time when governments can borrow so cheaply.
monetary  policy  G20  fiscal  policy  monetary  stimulus  monetary  system  monetary  transmission  mechanism  liquidity  trap  UK  western  world  USA  Japan  Abenomics  George  Osborne  Angela  Merkel  Wolfgang  Schäuble  Pact  Schuldenbremse  economic  history  recovery  secular  stagnation  productivity  underinvestment  MarioDraghi  ZIRP  NIRP  QE  ECB  BOE  Fed  Taper  deflationary  deflation  nominal  GDP  targeting  inflation  targeting  zombie  banks  MervynKing  zombie  corporations  zombie  consumer  Richard  Koo  Gini  coefficient  inequality  squeezed  middle  class  wage  stagnation  discretionary  spending  distortion  property  bubble  disposable  income  productive  investment  austerity  business  confidence  foreign  direct  investment  consumer  debt  household  debt  credit  card  debt  car  loan  student  loan  debt  student  loan  policy  folly  policy  error  short-termism  Career  Politicians  neoliberalism  neoliberal  trickle-down  economics  self-regulation  City  of  London  investment  banking  retail  banking  OECD  IMF  KennethRogoff  hot-money  hunt  for  yield  asset  bubble  asset  allocation  speculative  bubbles  speculative  speculation  reflate  reflation  financial  repression  New  Normal  trust 
march 2016 by asterisk2a
Inflation: Vermögenspreise stiegen 2015 im Rekordtempo - SPIEGEL ONLINE
Wohl dem, der Immobilien, Anteile an Familienfirmen oder Sammlerobjekte besitzt. Die Preise für Vermögenswerte sind 2015 so stark gestiegen wie kaum je zuvor. Schlechter sieht es für Normalsparer aus.
financial  repression  distortion  hot-money  Betongold  Beton  Gold  Germany  speculative  speculation  asset  allocation  ZIRP  NIRP  QE  income  distribution  hunt  for  yield  property  bubble  UK  foreign  direct  investment  credit  bubble  reflate  reflation  monetary  policy  austerity  fiscal  policy  secular  stagnation  demographic  bubble  emerging  middle  class  equity  bubble  speculative  bubbles  economic  history 
february 2016 by asterisk2a
UK trade deficit widens further as exports suffer | Business | The Guardian
Nevertheless, the UK’s goods trade gap with the rest of the world widened by £1.9bn to a record high of £125bn in 2015. Howard Archer, chief UK economist at IHS Global Insight, said: “UK exports have clearly struggled in recent months, as they have been hampered by sterling’s overall strength in 2015, particularly against the euro, and moderate global demand. [...] Recent declines in the value of sterling are expected to support exports sales, though the deteriorating global situation could mitigate against an improved exchange rate. [...] “Nonetheless, any progress in reducing the trade deficit is likely to be extremely slow in the near term, leaving the recovery reliant on domestic demand.” [...] [ you can lower your corp tax, but if your country is shitty in business environment ie infrastructure and employee qualifications and immigration ... nobody wants to do business ]
UK  trade  deficit  current  account  deficit  budget  deficit  tax  reciepts  2015  2016  recovery  secular  stagnation  underinvestment  business  investment  austerity  economic  history  global  economy  emerging  market  Frontier  Markets  BRIC  foreign  direct  investment  productive  investment  infrastructure  investment  Richard  Koo  consumer  debt  household  debt  credit  card  debt  car  loan  Student  Bubble  debt  servitude  discretionary  spending  government  spending  disposable  income  generation  rent  ZIRP  NIRP  QE  liquidity  trap  zombie  corporations  zombie  consumer  distortion  financial  repression  speculative  bubbles  hunt  for  yield  fiscal  policy  monetary  policy  BOE  property  Housing  Crisis  George  Osborne  competitiveness  productivity  output  gap  job  creation  Service  Sector  Jobs  corporate  tax  rate  corporate  welfare  subsidies  subsidizing  immigration  migration  Super  Cycle 
february 2016 by asterisk2a
Erdgas: So will Europa unabhängig von Putins Russland werden - SPIEGEL ONLINE
Ähnlich frei wie Litauen soll sich bald ganz Europa fühlen. Derzeit sind viele EU-Mitgliedstaaten noch stark von den russischen Lieferungen abhängig. Mit einem Marktanteil von rund 40 Prozent ist Russland noch immer der mit Abstand größte Gaslieferant der EU. Doch nun hat die EU-Kommission nach Informationen von SPIEGEL ONLINE zentrale Infrastrukturprojekte definiert, durch die bald jeder EU-Staat sein Gas aus mehreren Ländern beziehen können soll. [...] Modellrechnungen zeigten, dass die angestrebten Projekte "echte Gassicherheit und Wettbewerb" in den gesamten EU-Markt brächten, heißt es in dem Entwurf aus Brüssel. Die Projekte sollen deshalb über EU-Mittel gefördert werden. Zwischenstaatliche Energieabkommen und selbst Lieferverträge einzelner Unternehmen [ strike price ] will die Kommission künftig vorab prüfen. [...] Nordstream-Pipeline
energy  security  energy  price  Smart  Grid  renewable  energy  EEG  Umlage  shale  gas  gas  Russia  Oil  price  fracking  energy  storage  infrastructure  investment  nuclear  power  strike  price  Germany  foreign  policy  sanctions 
february 2016 by asterisk2a
As growth falters, Osborne hopes Mark Carney can keep a lid on interest rates | Business | The Guardian
The chancellor faces lower GDP and lower tax receipts as a result. So it’s vital that consumers’ desire to keep spending isn’t hit by a nasty shock from the Bank [ // Confidence Fairy // ] The Bank of England has downgraded its forecasts for the UK’s GDP growth and the outlook for wages, most likely robbing the exchequer of vital income tax receipts. And without the funds to maintain pensions and health service spending, his critics will gleefully play back the speech from last November during which he declared that Britain was on the road to becoming “the most prosperous and secure of all the major nations of the world”. [...] Yet his words ring hollow when so many of the post-crash problems are still with us, from the burden of high private and public debts to Europe’s rapidly ageing population, which encourage saving over investment, and a reluctance from government and big business to boost capital spending.
George  Osborne  secular  stagnation  2016  2015  Mark  Carney  BOE  consumer  debt  household  debt  mortgage  market  subprime  credit  card  debt  zombie  consumer  UK  GDP  output  gap  productivity  job  creation  Service  Sector  Jobs  recovery  economic  history  austerity  underinvestment  business  investment  public  investment  fiscal  policy  monetary  policy  Richard  Koo  Paul  Krugman  David  Cameron  nasty  party  Conservative  Tories  short-termism  credit  bubble  debtoverhang  debt  servitude  disposable  income  discretionary  spending  marginal  propensity  to  consume  Funding  1%  financial  repression  New  Normal  constituency  babyboomers  oligarchy  Gini  coefficient  income  distribution  income  inequality  plutocracy  Super  Rich  tax  evasion  tax  avoidance  corporate  welfare  subsidies  subsidizing  income  growth  low  pay  low  income  wage  growth  economic  growth  precarious  work  Precariat  tax  credit  tax  free  income  corporate  tax  rate  minimum  wage  budget2015  Food  Bank  foreign  direct  investment  productive  investment  infrastructure  investment  demographic  bubble  western  world  USA  European  Union  ageing  population  CapEx  Capital  Expenditure  zombie  corporations  zombie  banks 
february 2016 by asterisk2a
NSA's Hacker-in-Chief: We Don't Need Zero-Days To Get Inside Your Network | Motherboard
“I think a lot of people think the nation states are running on this engine of zero-days. You go out with your skeleton key and unlock the door and you're in. It's not that,” he said. “I will tell you that persistence and focus will get you in, will achieve that exploitation without the zero-days,” he continued “There's so many more vectors that are easier, less risky and quite often more productive than going down that route.”
cyber  crime  cyber  attack  NSA  National  Security  BND  GCHQ  cyber  espionage  cyber  cyber  war  Surveillance-Industrial  Complex  intellectual  property  China  Russia  Israel  USA  UK  Five  Eyes  surveillance  state  Orwellian  Internet  Privacy  Privacy  Intelligence  Agency  Foreign  Intelligence 
february 2016 by asterisk2a
Syria refugee crisis: six charts that show how Europe is struggling to respond | World news | The Guardian
Of the 1.2 million asylum applications filed, 356,805 were from Syrian applicants. The number of first-time applicants has grown hugely in the past five years. The increase in the number of people seeking asylum in Europe has been driven primarily by applications from Syria, Afghanistan and Iraq. [...] In Germany, one of the few EU countries to have reported full-year figures for 2015, there were almost 442,000 first-time asylum applications in 2015 alone: over a third of these by Syrians. Going through paperwork takes time, though; the country registered 428,468 Syrian arrivals last year. As a proportion of population, the most applications have been received in Hungary (649 applications per 100,000 population), Sweden (528 per 100,000 population) and Austria (where there were 273 applications per 100,000 population up to the end of November). //&! bit.ly/1o5FdLQ // Cameron Pays Up to keep them away and voters happy - bit.ly/1R3rJf5 &! bit.ly/1Kr9kqZ
refugee  crisis  Syrien  Syria  Jordan  Lebanon  Israel  Turkey  UNHCR  civil  war  ISIS  WHO  Foreign  Aid  Iraq  Irak  Afghanistan  public  sentiment  UK  Germany  Europe  David  Cameron  Angela  Merkel  United  Nations  Security  Council  United  Nations 
february 2016 by asterisk2a
Hitachi boss issues warning over Wylfa subsidy deal - BBC News
[ giving extortionate (for consumer) strike prices, while cutting renewable feed in tariff 95% and 500m subsidies for Oil/Aberdeen ] The head of the company behind a new £8bn nuclear power station on Anglesey has warned it may walk away from the project if a subsidy deal with the UK government cannot be reached. Hitachi chairman Hiroaki Nakanishi told the Telegraph he voiced concerns about Wylfa Newydd's expected cost to Foreign Secretary Philip Hammond. It followed problems a rival faced for the Hinkley Point plant in Somerset. The UK government said it wants low-cost nuclear power. Hitachi owns Horizon Nuclear Power which is behind the plans to build the new power plant, which could be operational by the early 2020s. Horizon is in talks with the Department of Energy and Climate Change (DECC) on issues such as the strike price, which will be key to attracting additional finance.
energy  price  energy  policy  renewable  energy  fossil  fuel  nuclear  power  UK  Westminster  Tories  austerity  Smart  Grid  underinvestment  foreign  direct  investment  Amber  Rudd  George  Osborne  David  Cameron  Hinkley  Point  C  nuclear  subsidies  subsidizing  corporate  welfare  Wall  Street  shareholder  value  profit  maximisation  transparency  accountability  white  elephant  white  lies  PR  spin  doctor  Positioning  COP21  carbon  tax  carbonfootprint  carbon  trading  scheme  carbonemission  climate  change  global  warming  extreme  weather  weather  extreme  nuclear  waste  short-termism 
february 2016 by asterisk2a
Adam Posen: What Japan and the UK Demonstrate about Macroeconomic Stimulus - YouTube
Confidence Fairy - Paul Krugman. (sov debt crisis) only applicable if you don't have a central bank. like Greece. that can do QE as much as you need to stabilise monetary system. ie stop deleveraging, only serving debt. meaning deflation. // different QE, diversity. shift risk appetite to more riskier debt. ... // fiscal activism can't overcome austerity ... // UK has it work because it doesn't have the manufacturing base. but its population is growing, not shrinking. but job creation - multiplier to economy is 1 or lower because of mostly service sector job creation which lot need to access welfare state through tax credits. // min 11. Gordon Brown and Alistair Darling did lots right! GPB depreciation. budget deficit growth. But imports stayed high!!! current account deficit and trade deficit. Austerity undermines growth and BOE policy! cut you future and investment (4-1 ration). UK got no credibility bonus from bond vigilantes, no FDI inflows.
Abenomics  economic  history  secular  stagnation  UK  austerity  Japan  BOE  BOJ  Mark  Carney  deflationary  deflation  demographic  bubble  ageing  population  migration  immigration  Sozialpolitik  Integrationspolitik  Paul  Krugman  JGB  ZIRP  NIRP  QE  liquidity  trap  balance  sheet  recession  Richard  Koo  deleveraging  ECB  TLTRO  LTRO  debt  monetisation  debt  monetization  monetary  policy  monetary  transmission  mechanism  monetary  stimulus  monetary  theory  unconventional  monetary  policy  monetary  system  financial  repression  distortion  speculative  bubbles  creditrating  creditrisk  junk  bond  NPL  credit  bubble  recovery  George  Osborne  Fiscal  Pact  Schuldenbremse  Super  Cycle  sovereign  debt  crisis  debtoverhang  currency-war  currency  debasement  currency  war  current  account  deficit  trade  deficit  IMF  OBR  foreign  direct  investment  Conservative  Party  nasty  fairness  Generationengerechtigkeit  policy  folly  policy  error 
january 2016 by asterisk2a
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