Tag: Trade

California Vol.9 (overall, San Diego and Sacramento)


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California Vol.4


https://twitter.com/MillerTyrus/status/1033796422984855552


US Policy Changes Vol.99 (Trade: NAFTA)


https://twitter.com/TriciaMoon21/status/1036080195978051584


US Policy Changes Vol.98 (Foreign Policy Vol.14: Turkey’s lira crisis)

Excerpts are on our own.

Trump Is the First President to Get Turkey Right: Good riddance to the so-called strategic relationship between Washington and Ankara. (08/13/2018) | STEVEN A. COOK @ForeignPolicy
… Then there is the detention of Pastor Andrew Brunson in Turkey since October 2016. This has become a flashpoint between the two countries this summer, especially after Ankara seemed to renege on a deal for his release. But Turkey is also holding between 15 and 20 U.S.-Turkish dual citizens—including a NASA scientist—on trumped-up terrorism charges. Three Turkish employees of the U.S. Embassy have also been arrested. They are being used as bargaining chips to force the United States to hand over Fethullah Gulen, a green card holder who Ankara accuses of masterminding the failed July 2016 coup, and/or to secure the release of a Turkish banker convicted in a New York court of aiding the elaborate scheme to help Tehran get around multilateral sanctions. …
Of course, the United States has an interest in a healthy Turkish economy, if only to prevent the meltdown of the lira from affecting other emerging markets’ currencies. … …Albayrak plans to pursue fiscal discipline, help companies most affected by the lira’s slide, and, contrary to rumors, the government will not seize foreign exchange deposits — good news for foreign investors. At the same, the minister stated that the volatility of the lira was unsupported by the underlying economic data, thus it is clear Turkey is under “attack by the biggest player of the global financial system.” He means the United States.
… Since at least 2013, Erdogan has been telling Turks that when the day of reckoning comes for the Turkish economy, it will be someone else’s fault. If Turks are suffering, then it could not possibly be the responsibility of a government led by someone who believes high interest rates cause inflation (which is exactly backward), but rather the result of the nefarious machinations of the “interest lobby,” Zionists, and the always useful “foreign forces.” Because Erdogan has made the economy a nationalist issue, seeking help from the IMF is politically risky. …encourage his constituents to exchange dollars and euros into lira. …
… It should be clear by now that there is no strategic relationship. Turkey and the United States have different interests and priorities. The lists of grievances on both sides reflects that fact. The fallout is not a function of the unique personalities and worldviews of the American and Turkish presidents, but rather at a fundamental level is the result of a changing world in which Washington and Ankara no longer share a common threat. …
… Perhaps the controversy over Pastor Brunson and the way the Turkish government has responded to the lira crisis will be a clarifying moment, highlighting what should be clear by now: Turkey is no longer an ally or partner.

Capital Outflows and Sudden Stop (w Report; 08/14/2018) | @medium
…which kinds of capital inflow stop during the period? In the 2017 World Bank policy paper “Are capital flows fickle? Increasingly ? and does the answer still depend on type? ” Barry Eichengreen, Poonam Gupta, and Oliver Masetti have tried to investigate how different kinds of capital flows behave during a sudden stop. …
The most rapid capital outflow, however, is in that the authors categorized as ”Others.” Included in others are flows through the banking sector (loans, deposits and banking capital), loans raised by the private sector, and trade credits. …

Erdogan Faces a Challenge He Can’t Easily Bully: Turkey’s Economy (08/13/2018) | Carlotta Gall @nytimes
… “The interest-rate hikes and budget cuts will be painful,” said Atilla Yesilada, an Istanbul-based consultant at Global Source Partners…
“It is the fundamental view of the true populist,” explained Sinan Ulgen, chairman of the Istanbul-based Center for Economic and Foreign Policy Studies, also known as E.D.A.M. …
Turkey has always had a strong bureaucracy, modeled on the French system, with a senior bureaucrat, called an undersecretary, in every ministry, assisted by deputy undersecretaries. Those positions have been eliminated and the civil servant positions replaced with deputy ministers appointed by Mr. Erdogan. …
…the polarizing nature of Mr. Erdogan’s rule, which has increasingly pushed out people who are seen as ideologically or politically opposed to his Justice and Development Party…
…the purges of 150,000 public employees since the failed coup of 2016. …
Mr. Albayrak, 40, holds an M.B.A. from Pace University in New York, and worked as the United States representative for Calik Holdings, a Turkish construction and trading company known for its close links to the government.
… Mr. Yesilada called for a hefty interest rate hike of at least 5 percentage points and said that a “handshake with the United States is an absolute minimum.” …

European bank CDS showing no contagion (PDF; 13/08/2018) | @CanaccorGenuity
… Turkish debt-to-GDP is about half of what Greece’s was at the beginning of the European Debt Crisis. The fear in the marketplace is that the historic drop in the Turkish lire makes non-Turkish debt unaffordable to service, which could lead to a contagion effect on European banks with significant exposure to Turkey. …
… The Turkish currency crisis provides an excellent excuse for a temporary pullback, but thus far has shown no reason for us to adopt a more intermediate-term defensive position.

How serious is Turkey’s lira crisis and what are the implications?: The options as the country’s economic growth displays the classic signs of overheating (13/08/2018) | Larry Elliott @guardian
… now displaying the classic signs of overheating: a large trade deficit, a construction boom and soaring debt. Financial markets have taken fright at inflation, rising at an annual rate of more than 15%, and have been selling the Turkish lira, which is down by 45% against the US dollar since the start of the year. …
The direct impact of what looks like an inevitable recession in Turkey would be relatively small because, despite a population of 80 million and strong growth in recent years, the country accounts for only 1% of global GDP. …
… Turkey’s problems are particularly acute because it has more than $300bn of dollar-denominated corporate debt, which is getting more expensive to finance by the day. However, other countries – such as Mexico and South Africa – also took advantage of low US interest rates in the years after the financial crisis to borrow heavily in dollars and saw their currencies coming under pressure. …
… only two things will halt the lira sell-off: a substantial rise in official interest rates (already above 17%) or the announcement of an emergency package of financial support from the International Monetary Fund – or, if things continue to deteriorate, both together. …

What the Turkish lira crisis means for President Erdogan’s hold on power: Erdoğan built his supporter base by promising economic stability. Can he withstand a crisis? (14/08/2018) | YÖRÜK BAHÇELI @NewStatesman
… Erdoğan is known to have been opposed to higher interest rates throughout his leadership, labelling them “the mother and father of all evil” dictated by an “interest rate lobby”. In his earlier years, however, officials around him were able to convince him to allow them to act in line with market demands, while he was also bound by IMF requirements. But once IMF programmes came to an end and interest rates fell following the great recession, Erdoğan was able to become more vocal and staunch in his opposition to higher rates. …

Russia backs non-dollar trade with Turkey, no promise of help amid lira crisis (w Video; 08/15/2018) | Andrey Ostroukh and Tuvan Gumrukcu @reuters @YahooFinance
… “I am confident that the grave abuse of the role of the U.S. dollar as a global reserve currency will result over time in the weakening and demise of its role,” Lavrov said, echoing statements made by President Vladimir Putin.
However, Lavrov did not announce any immediate commitment to drop the dollar in trade with Turkey or provide it with financial aid, leaving observers guessing if the two countries, both hit by U.S. sanctions, have agreed on any bilateral deal.
“They will likely just give warm words to Turkey, looking to exploit the situation and stir things up for the U.S. and the West,” said Timothy Ash, senior strategist at BlueBay Asset Management. …

‘Clear risks of contagion’: European markets drop as Turkey’s lira crisis spreads around the world (08/13/2018) | Will Martin @businessinsider @YahooFinance
… “Because of the high participation of foreign banks and portfolio investors in Turkey, there are clear risks of contagion,” Hasnain Malik, a strategist who is the head of equity research at Exotix, said in an email.
Capital Economics warned in a note on Friday that Spain, Italy, and France were likely to be the worst hit by the Turkish currency crisis because of the exposure of their banking systems. But the analyst house said the impact would be relatively limited because of the limited size of the Turkish economy.

Turkey lira crisis: Six things you need to know: A breakdown of the events, causes and effects, as Turkey’s currency collapses amid a diplomatic row with the US. (w Videos; 08/14/2018) | @aljazeera
… On Monday, the Indian rupee suffered its worst one-day fall – at more than 1.5 percent – hitting a record low of 69.9 rupees to $1. …
The South African rand has also taken a hit this week as a result of the Turkish developments, falling 10 percent before stabilising on Monday – down to a two-year low against the dollar. …

Turkey lira: Ankara to boycott US electronic goods (14/08/2018) | @BBC
Asian shares stumble as markets shrug off Wall Street relief bump; Hang Seng down 1.5% (08/15/2018) | @CNBC
Turkey Lira: Shock graph showing how Turkey CRISIS is deepening when pitted against euro (08/14/2018) | Matt Drake @Daily_Express


US Policy Changes Vol.97 (Foreign Policy Vol.13)


Brittle Times for the Transatlantic Relationship (PDF; in large part in German) | Cathryn Cluver Ashbrook @ Atlantik-Brucke


Belfer Center Experts on U.S. Withdrawal from the Iran Nuclear Deal (05/08/2018) | Graham Allison, Nicholas Burns, Matthew Bunn, Chuck Freilich, Hassan Ahmadian, Martin B. Malin, Steven E. Miller, Payam Mohseni, Ernest J. Moniz, Sahar Nowrouzzadeh, Nawaf Obaid, Gary Samore, Elizabeth D. Sherwood-Randall, William H. Tobey @BelferCenter


A timeline of the Trump administration’s actions on Russia (07/26/2018) | @BrookingsInst


Kazakhstan Must Look Beyond the Belt and Road | Philippe Le Corre


Belfer Center Experts Offer Insight on U.S.-North Korea Summit


Colorado Vol.3


https://twitter.com/AAPremlall/status/568059068511711232
https://twitter.com/mollyrose_esq/status/732917944972419076


UK Vol.123 (Post-EUref #Brexit Vol.41)


UK Vol.122 (Post-EUref #Brexit Vol.40)

Trade Post-Brexit (PDF) | Herbert Smith Freehills


The Impact of Hard Brexit on Polish Exports (w PDF; 06/07/2018) | Jakub Borowski, Jakub Olipra & Paweł Błaszyński @sciendo_


https://twitter.com/Doozy_45/status/965876705297563648


A hard Brexit could see the EU lose – 2.3 billion worth of pork exports | Farmers Guardian
Hard Brexit: a threat for Italian food exports (13/07/2018) | @italianfood_net
Hard Brexit would mean more and cheaper British fish – but there’s a catch (24/04/2018) | @dpcarrington @guardian


Hard Brexit and the Supply Chain – Effects on German automotive suppliers (PDF; January 2018) | Deloitte


UK Vol.121 (Post-EUref #Brexit Vol.39)


MODELING IRISH UNIFICATION (PDF; 11/17/2015) | KLC Consulting


Theresa May’s cancelled Cabinet sleepover suggests she’s plotting a soft Brexit (06/27/2018) | Thomas Colson @businessinsider
Boris Johnson just resigned over Brexit talks. Prime Minister Theresa May could be in trouble. (07/09/2018) | @ZeeshanAleem @Vox


US Policy Changes Vol.96 (Economy)


https://twitter.com/HBAGK/status/1004062454748532736


‘I’m going to stay at it’ (w Video; 04/10/2018) | Joseph Lawler, Arthur C. Brooks @AEI
Under US housing policies, homeowners mostly win, while renters mostly lose (07/10/2018) | Jenny Schuetz @BrookingsInst
Housing in the US is too expensive, too cheap, and just right. It depends on where you live. (06/21/2018) | Cecile Murray and Jenny Schuetz @BrookingsInst


US Policy Changes Vol.93 (Foreign Policy Vol.10)


Taking History as a Mirror (w PDF; June 2018) | Neil Thomas @BelferCenter


Trump’s focus on China trade: Right target, wrong approach (06/14/2018) | Ryan Hass @BelferCenter


Ukraine fears falling victim to Trump-Putin ‘grand bargain’ (11/11/2016) | Neil Buckley and Roman Olearchyk @FT


UK Vol.117 (England Vol.10 – East of England Vol.3)

Essex
Essex1Essex2Essex3-southEssex4-SouthendOnSeaEssex5-Thurrock


Essex | Encyclopaedia Britannica
@EssexChambers
@IntEssexChamber
Greater Essex Area Review – Final Report (PDF; August 2017) | UK Department of Education
REPORT ON GREATER ESSEX ECONOMY – Executive Summary (PDF; January 2017) | Essex Economic Commission (@AngliaRuskin)
Introduction to Essex Research Paper (PDF; August2010) | Integrated County Strategy Working Group on behalf of the Essex Chief Executives Association
University of Essex Knowledge Gateway | @UKSPA
￡4.7 million to boost economic growth in the east of England (12/10/2017) | @Uni_of_Essex
Essex County, England | @obspascal
Everything you wanted to know about Essex… …but were TOWIE afraid to ask. (PDF; 2015) | @VisitEssex
Strategic Countywide Economic & Housing Issues – Essex Issues Paper August 2009 | @Essex_CC
Economic Impact of Tourism (PDF; 2015) | Destination Research
Access to Harlow: Stage 1 Option Assessment Report (PDF; May 2016) | @essexhighways
A12 Chelmsford to A120 widening: Options Assessment Report (PDF) | @HighwaysEngland
Chelmsford Economic Strategy 2017 (PDF) | @ChelmsCouncil
Colchester Annual Economic Report 2015/6 (PDF) | @colchbusiness @yourcolchester
@MilbankConcrete
Opportunity South Essex – Economic Growth Strategy For South Essex (PDF; 2016)
The South East Business Hub is here to help your business on the path to growth and prosperity. | @SEBusinessHub
ECONOMIC GROWTH STRATEGY 2017-22 (PDF) | @SouthendBC
UK POLLING REPORT – Thurrock | @anthonyjwells
Our data centre sites in and around London are managed to Tier III Gold capability and designed to aid connectivity | @fujitsu_uk
Thurrock Thames Gateway Development Corporation (PDF) | @thurrockcouncil
LONDON GATEWAY PORT | @investessex


UK Vol.115 (England Vol.8 – East of England Vol.1)

England regions

East of England
EastOfEngland regionEastOfEngland
@BBCLookEast
LOCAL AUTHORITIES IN THE EAST OF ENGLAND (PDF; 01/04/2018) | UK Department of Defence
WHY UNIVERSITIES MATTER FOR THE EAST OF ENGLAND (PDF) | @UniversitiesUK
Commercialising Innovation: A Briefing Paper on historic trends and policy context (PDF) | @LGAcomms

Norfolk
EastOfEngland Norfolk


@NorfolkCC
@norfolkchamber
Norfolk Economic Intelligence Report (PDF; 2016) | Norfolk County Council
Norfolk’s Story (PDF; October 2017) | Norfolk Insight (Norfolk County Council)
Norfolk | Encyclopaedia Britannica
North Norfolk District Council
North Norfolk centre for small and start-up businesses gets a step closer | @Nwes_Group
The Impact of Brexit on North Norfolk: A discussion note (PDF; March 2018) | Martyn Sloman
@cwa_college
South Norfolk business booming, says Experian research (19/03/2012) | David Keller @BBC
Norwich economic strategy 2013-18 (PDF) | Norwich City Council
@uniofeastanglia
Your Sustainable Community Strategy for South Norfolk: Important Issues – Local Action 2008-2018 (PDF) | South Norfolk Alliance
Tour Norfolk
@prldesign

Suffolk
EastOfEngland Suffolk


@suffolkcc
@suffolkchamber
West Suffolk business fact pack (PDF) | @InvestinSuffolk
East Suffolk Economic Growth Plan, 2018-23 (PDF; Draft-v7; January 2018)
The East’s Institute of Technology (PDF)
@UniofSuffolk
@suffolknewcoll
@EastCoast_Coll
Ambitious bid to create Institute of Technology moves a step closer to success (20/06/2018) | @WestSuffolk
Colleges in Norfolk and Suffolk launch ‘collaborative’ group | Billy Camden @FEWeek
@camnano


Science and Technology Vol.4


Virginia Vol.4

Virginia1
Virginia2
Virginia3
The Commonwealth of Virginia
City of Virginia Beach
City of Norfolk
City of Chesapeake
City of Richmond
City of Newport News
City of Alexandria
City of Hampton


Virginia Vol.3


US Policy Changes Vol.90 (Trade)


UK Vol.114 (Post-EUref #Brexit Vol.38)


US Policy Changes Vol.83 (G7 Canada, Trade, et al.)


https://twitter.com/bbcworldservice/status/1005818970354651138


Kentucky Vol.2

Kentucky1
Kentucky2 geo
Kentucky2'' regions


https://twitter.com/MinistryofHemp/status/916063952643039232


South Carolina Vol.3

SouthCarolina1
SouthCarolina2


https://twitter.com/FlagshipSC/status/988447782204788736


Minnesota Vol.2

Minnesota1
Minnesota2
Natural Resources | Minnesota State Government
Economic Sectors and Employment Patterns (PDF)
Minnesota economy | North Star Policy Institute
Economy | Minnesota Public Radio News (MPRnews)
OVERVIEW | MINNESOTA COMPASS
Public Policy and Minnesota’s Economy – A Historical View (PDF) | Russell W. Fridley
DID HIGHER TAXES CREATE THE MINNESOTA MIRACLE? (04/24/2014) | Naomi Lopez Bauman, Illinois Policy Institute
Minnesota | Forbes
THE ECONOMIC CONTRIBUTIONS OF IMMIGRANTS IN MINNESOTA (PDF; September 2013) | Bruce P. Corrie & Sarah Radosevich
How Minnesota’s Economy Benefits from International Trade & Investment (PDF) | Business Roundtable
In Northern Minnesota, Two Economies Square Off: Mining vs Wilderness (10/12/2017) | REID FORGRAVE NYTimes
MINNESOTA FOREST INDUSTRIES
Tourism & Minnesota’s Economy (PDF) | Explore Minnesota
Minnesota Agriculture – THE FOUNDATION OF MINNESOTA’S ECONOMY 2007 (PDF)
Beef: Worth $5 billion to Minnesota’s economy – Most beef operations spend their money locally, too, providing investment in rural communities. (09/13/2017) | Paula Mohr
BIOPHARMACEUTICAL SECTOR IMPACT ON MINNESOTA’S ECONOMY (PDF)
MINNESOTA GOLF ECONOMY (PDF)
THE IMPACT OF MINNESOTA’S ARTISTS, CREATIVE WORKERS AND NONPROFIT ARTS AND CULTURE ORGANIZATIONS 2017
Who’s winning and losing in Minnesota’s 2016 economy? (12/03/2016) | DAVID MONTGOMERY and BRIAN EDWARDS, AP
How Central Minnesota’s Economy, Population has Boomed Over the Last Few Decades (02/08/2018) | Greta Kaul, Twin City Business
City of Minneapolis
City of St. Paul
Minnesota Chamber of Commerce news


https://twitter.com/xeni/status/792888873735057408


Switzerland Vol.3

Switzerland | OECD
Switzerland | The World Bank
Switzerland | The European Commission
2018 Index of Economic Freedom – Switzerland | The Heritage Foundation
Switzerland: Economy | global EDGE – Michigan State University
The Economic Performance of Swiss Regions – Indicators of Economic Performance, Composition of Cantonal Economies and Clusters of Traded Industries (PDF) | Philippe Gugler & Michael Keller Center for Competitiveness, University of Fribourg
Swiss economy to finally overcome weakness caused by sharp appreciation of Swiss franc – Year Ahead 2018 regional outlook: Switzerland (29/11/2017) | UBS
Switzerland – GDP and Economic Data | Global Finance
SWITZERLAND | EULER HERMES
Switzerland | Coface
Switzerland: the 2018 economic outlook (15/01/2018) | Roger Keller BNP PARIBAS
Switzerland Economy | ECONOMY WATCH
Best Countries For Business 2018 – Switzerland | Forbes
Switzerland – Detailed economic analysis, indicators and forecasts. | Moody’s Analytics, Inc.
Swiss National Bank
Free trade agreement Switzerland/EU and EFTA agreements (PDF)
Invest in Switzerland – Key Industries | Switzerland Global Enterprise
The Productivity Deficit of the Knowledge-Intensive Business Service Industries in Switzerland (PDF; 2015) | Boris Kaiser & Michael Siegenthaler – Study on behalf of the State Secretariat for Economic Affairs SECO
Greater Zurich Area
Switzerland | The Local
Switzerland | BBC
Switzerland | Guardian
Switzerland | The Telegraph
Switzerland | The New York Times
Switzerland | CNBC
Switzerland | CNN Money
Swiss Bankers Association
Switzerland (PDF) | Financial Secrecy Index
Switzerland | US News
Switzerland | EIU
Switzerland | The Economist
Switzerland | Credit Suisse
Switzerland | UN Global Compact
Switzerland – Human Development Indicators | UNDP
The CPT and Switzerland | Council of Europe
Switzerland | IAEA PRIS
Switzerland | National Geographic
Economy | Switzerland Tourism
Switzerland Innovation
Transforming the Swiss economy – The impact of automation on employment and industries | Deloitte
Switzerland | ARAB NEWS
Switzerland | Trading Economics
Is Switzerland the Perfect Economy? (07/31/2015) | Lina Kherchi The market Mogul
What makes Switzerland so competitive? (03/09/2014) | Thierry Geiger WEF
A Note on Switzerland’s Economy – Did the Swiss economy really stagnate in the 1990’s, and is Switzerland really all that rich ? (PDF) | Jean-Christian Lambelet and Alexander Mihailov Crea Institute, Lausanne University
Switzerland: Economy Overview (02/02/2010) | Ina Dimireva EUbusiness
Switzerland | European Social Survey
Switzerland’s Economic Dependence during World War II | HISTORY OF SWITZERLAND
Commanding Heights : Switzerland Overview | PBS
Global Innovation Index 2017: Switzerland, Sweden, Netherlands, USA, UK Top Annual Ranking (06/15/2017) | WIPO


Switzerland Vol.1

Switzerland_Cantons
Switzerland_Mountains
Switzerland_Linguistic


Cantons of Switzerland | TRAMsoft GmbH
The 10 Most Populous Cities In Switzerland | World Atlas
Switzerland’s Political System and Government | ALL ABOUT SWITZERLAND
The Federal Council, The portal of the Swiss government
Switzerland’s direct democracy (YouTube)
What Type Of Government Does Switzerland Have? | World Atlas
This is how Switzerland’s direct democracy works (31/07/2017) | Micol Lucchi WEF
Switzerland’s People Power (04/20/2017) | Catherine Bosley BLOOMBERG
7 Reasons Why Switzerland Is The Best-Run Country In The World (12/11/2012) | Max Nisen BUSINESS INSIDER
Switzerland Celebrates Europe’s Strangest System of Government (21/09/2017) | Mathieu von Rohr SPIEGEL ONLINE
The Swiss Cantonal System: A Model democracy (03/12/2000) | LIBERTY INTERNATIONAL
How Switzerland’s cabinet works – Politics in Switzerland | Just Landed
Switzerland’s 18 living ex-presidents: a political record (07/12/2017) | Thomas Stephens SWI
The political System of Switzerland | SwissCommunity
Switzerland Government | GraphicMaps
Switzerland Corruption Report | GAN BUSINESS ANTI-CORRUPTION Portal
SECRETS OF SWISS SUCCESS – LESSONS FOR NEW ZEALAND (PDF) | Oliver Hartwich The Centre for Independent Studies
https://twitter.com/Martin_Dahinden/status/984800784985526272


https://twitter.com/Swiss_Pavilion/status/897444359389552642


https://twitter.com/SwissCGNY/status/972158044732837888

https://twitter.com/BF_Nordics/status/987253273471184899


Free papers, reports, et al. Vol.47


https://twitter.com/EU_Commission/status/959701758510448640


Free papers, reports, et al. Vol.46


https://twitter.com/IFRI_/status/973966653598912514