After standing strong as a haven of value amid the unfolding economic crisis last spring, the U.S. dollar has lost about 12 percent of its value against a benchmark collection of other currencies. A key reason: U.S. interest rates were around 2 percent before the current economic crisis, placing them comfortably above those of most...
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COVID CLAMPDOWNS MOTIVATE ONTRENDPRENEURS®
With people being suddenly put out of work and a new COVID World being created, Britain, France, Germany, Japan, and the U.S. all have seen a jump in new business formations during 2020. The U.S. registered 82 percent more new businesses in 2020’s second quarter than a year earlier. OnTrendpreneurs® looking for new revenue streams...
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ETHIOPIAN WAR RAGES ON
We have been reporting on the escalating war in Ethiopia since it broke out in early November when it’s Prime Minister Abiy Ahmed, awarded the Nobel Peace Prize in 2019, launched an attack against the Tigray People’s Liberation Front (TPLF) after the region held its own election in September without Ahmed’s approval. Last week, the...
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ERDOGAN POWER GRAB OR LOSING POWER?
Human rights groups bristled at a newly passed law in Ankara, the capital of Turkey, that grants new government control over non-government organizations (NGOs), which critics say threaten any dissent in the country aimed at President Recep Tayyip Erdoğan and his Justice and Development Party. Tarik Beyham, Director of Amnesty International in Turkey, told the Financial...
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MEXICO: CANNABIS LEGAL
Mexico is one step closer to legalizing marijuana, which would make the country the world’s largest legal cannabis market, ostensibly put new pressure on drug cartels, and possibly influence larger economies like the U.S. to legalize the drug under federal law. Mexican President Andrés Manuel López Obrador vowed in 2018 when he was elected president,...
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HONG KONG PROTESTORS JAILED IN MAINLAND CHINA
Ten protesters from Hong Kong, whom Chinese officials say were captured attempting to flee the city, were sentenced to up to three years in a mainland China prison, according to a report last week in the Financial Times. The ten were attempting to escape prosecution over their alleged involvement in last year’s anti-government protests. The judgment...
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E.U. TO CHINA: LET’S MAKE A DEAL… WITHOUT U.S.
As China’s power and influence over the world’s economy continue to grow, European leaders are willing to open markets with Beijing while claiming to maintain some degrees of caution and suspicion, as reported in last week’s Wall Street Journal. The report pointed to a Pew Research Center survey conducted in October showing global distrust of...
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CHINA 2021: WE’RE #1
Last week, the Wall Street Journal pointed to a document from Beijing, released in November, that said, “Patriotism is the most natural and simple emotion of the Chinese. We must insist on starting from when they are babies, focusing on consolidating the roots, concentrating on the soul.” The report said the younger Chinese generation is...
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INDIA’S MODI VS. FARMERS
We have been reporting since mid-November that hundreds of thousands of farmers began protesting on the outskirts of Delhi in response to Prime Minister Narendra Modi’s push for deregulations they fear will sink them deeper into poverty. Farmers have blocked major roads and burned their crops, contending that deregulation will lead to small farms becoming...
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WASTE GAS FUELS PROFITS FROM TRASH
“Trash gas” – methane wafting from feedlots’ manure pits, municipal landfills, and similar dumps – is no longer trash. Companies that generate large volumes of the fumes are turning this “renewable natural gas” into a new source of revenue. Smithfield Foods, the nation’s largest pork processor, is stretching covers across the four-acre manure lagoons at...