I am fairly certain this is a huge conflict of interest and illegal in USA law. Goldman Sachs and Morgan Stanley have made significant investments in China. Now, as China removes the democracy in Hong Kong, the big money guys are being given a piece of the action of NATIONALIZED GAS AND OIL by China.
July 8, 2020
By Kane Wu and Zoey Zhang
Hong Kong - Top Chinese energy firms (click here) have mandated investment banks Morgan Stanley and Goldman Sachs to act as advisers for multi-billion dollar deals transferring oil and gas pipeline assets into a national energy infrastructure giant, four sources said.
The word is MANDATED. In other words, China is telling these bankers they have to play by new rules or China will absorb their assets.
Overseen by a government vice premier, underlining the project’s importance for Beijing, Beijing aims to complete the asset transfers and start operation of the new entity - valued by industry analysts at more than $40 billion - by the end of September, oil industry officials said.
“The timetable is a moving target but the goal was to complete the (asset) merger by end of July,” one person with direct knowledge of the matter told Reuters.
The timeline is a moving target is nonsense. It is propaganda. Get over it.
China announced in late 2019 that it would establish a National Oil and Gas Pipeline Company by combining pipelines, storage facilities and natural gas receiving terminals operated by China National Petroleum Corp (CNPC), China Petrochemical Corp (Sinopec Group) and China National Offshore Oil Company (CNOOC)....
That is right, Morgan Stanley and Goldman Sachs are now members of the Chinese National Government.
Advisors? Really? I want to see the spreadsheets on this one because if they are attaching themselves to the Chinese government they are in opposition to the national security of the USA.
...The new entity - also known as PipeChina - was conceived by Beijing to provide oil and gas producers neutral access to energy infrastructure, and in so doing boost non-state investment in exploration of oil and gas....
Non-state investment in nationalized gas and oil assets. China is taking the money to support it's gas and oil production with no loyalty to any of the non-state investors.
Hong Kong's incorporation into China's economy will result in losses to non-state investors. China has no loyalty to these banks. Demanding investment is not part of the deal with American companies. These actions by China brings American banks under the direct power of the Chinese national government.
China National Petroleum Corp (CNPC)
China Petrochemical Corp (Sinopec Group)
China National Offshore Oil Company (CNOOC)
They are no longer autonomous companies, hence, are owned by the government of China. Any investment in these companies will be transferred to the new Chinese entity. China is mandating the investment by these banks to ensure their cooperation.
The banks need to leave China and sue China for it's losses because of a surprise nationalization of their branches in China. It is going to be a long time before the banks will reclaim their assets, but, it is what it is.
The World Trade Organization will have to hear the case. China does not care. Don't think for one minute that the Chinese government is interested in the best interests of investors. That is foolishness. China is stomping Hong Kong. They aren't worried about details.
Wednesday, July 08, 2020
July 3, 2020
By Kevin Watler
Hillsborough County, Fla.— The Florida Department of Health (DOH) (click here) has confirmed one Florida case infected with Naegleria fowleri in Hillsborough County. Naegleria fowleri is a microscopic single-celled living amoeba. The amoeba can cause a rare infection of the brain called primary amebic meningoencephalitis (PAM) that destroys brain tissue and is usually fatal. The amoeba is commonly found in warm freshwater such as lakes, rivers, ponds and canals.
Infections can happen when contaminated water enters the body through the nose. Once the amoeba enters the nose, it travels to the brain where it causes PAM. Infections usually occur when temperatures increase for prolonged periods of time, which results in higher water temperatures and lower water levels. The peak season for this amoeba is July, August and September. Naegleria fowleri is found in many warm freshwater lakes, ponds and rivers in the United States, but is more common in southern states. The low number of infections makes it difficult to know why a few people have been infected compared to the millions of other people that used the same or similar waters across the U.S....
By Kevin Watler
Hillsborough County, Fla.— The Florida Department of Health (DOH) (click here) has confirmed one Florida case infected with Naegleria fowleri in Hillsborough County. Naegleria fowleri is a microscopic single-celled living amoeba. The amoeba can cause a rare infection of the brain called primary amebic meningoencephalitis (PAM) that destroys brain tissue and is usually fatal. The amoeba is commonly found in warm freshwater such as lakes, rivers, ponds and canals.
Infections can happen when contaminated water enters the body through the nose. Once the amoeba enters the nose, it travels to the brain where it causes PAM. Infections usually occur when temperatures increase for prolonged periods of time, which results in higher water temperatures and lower water levels. The peak season for this amoeba is July, August and September. Naegleria fowleri is found in many warm freshwater lakes, ponds and rivers in the United States, but is more common in southern states. The low number of infections makes it difficult to know why a few people have been infected compared to the millions of other people that used the same or similar waters across the U.S....
There is example after example of reckless decisions that have resulted in disease and death by the virus.
DeVos is WRONG with absolutely no research to back her politically motivated statements.
Pence is also mimicking the negligent Trump message. Children do not belong in dangerous environments where they can be INFECTED with a virus. Absolutely ridiculous ranting by the Trump Administration.
July 7, 2020
By Allyson Chiu
The case of Carsyn Leigh Davis drew fierce backlash from critics, including a number of medical professionals, who condemned the actions taken by the teen’s family in the weeks before her death.
At just 17, (click here) Carsyn Leigh Davis had already experienced more challenges than most people face in their entire lives. From age 2, she battled a host of health issues, including cancer and a rare autoimmune disorder. But not once did Carsyn let the serious ailments get her down, her family said.
So when the high school student from Fort Myers, Fla., died last month after contracting the novel coronavirus, her death — which marked Lee County’s youngest virus-related fatality at the time — sent shock waves through the community. Touching tributes to Carsyn, often pictured smiling broadly, poured forth and thousands of dollars were donated to GoFundMe campaigns.
“Even through the ravages of Covid, fighting to breathe, she never once shed a tear, complained or expressed fear,” her mother, Carole Brunton Davis, wrote in a statement shared on one of the fundraising pages....
July 8, 2020
By Kate Conger, Jack Healy and Lucy Tompkins
Pendelton - Weeks after President Trump (click here) demanded that America’s shuttered houses of worship be allowed to reopen, new outbreaks of the coronavirus are surging through churches across the country where services have resumed.
The virus has infiltrated Sunday sermons, meetings of ministers and Christian youth camps in Colorado and Missouri. It has struck churches that reopened cautiously with face masks and social distancing in the pews, as well as some that defied lockdowns and refused to heed new limits on numbers of worshipers.
Pastors and their families have tested positive, as have church ushers, front-door greeters and hundreds of churchgoers. In Texas, about 50 people contracted the virus after a pastor told congregants they could once again hug one another. In Florida, a teenage girl died last month after attending a youth party at her church....
Pence is also mimicking the negligent Trump message. Children do not belong in dangerous environments where they can be INFECTED with a virus. Absolutely ridiculous ranting by the Trump Administration.
By Allyson Chiu
The case of Carsyn Leigh Davis drew fierce backlash from critics, including a number of medical professionals, who condemned the actions taken by the teen’s family in the weeks before her death.
At just 17, (click here) Carsyn Leigh Davis had already experienced more challenges than most people face in their entire lives. From age 2, she battled a host of health issues, including cancer and a rare autoimmune disorder. But not once did Carsyn let the serious ailments get her down, her family said.
So when the high school student from Fort Myers, Fla., died last month after contracting the novel coronavirus, her death — which marked Lee County’s youngest virus-related fatality at the time — sent shock waves through the community. Touching tributes to Carsyn, often pictured smiling broadly, poured forth and thousands of dollars were donated to GoFundMe campaigns.
“Even through the ravages of Covid, fighting to breathe, she never once shed a tear, complained or expressed fear,” her mother, Carole Brunton Davis, wrote in a statement shared on one of the fundraising pages....
July 8, 2020
By Kate Conger, Jack Healy and Lucy Tompkins
Pendelton - Weeks after President Trump (click here) demanded that America’s shuttered houses of worship be allowed to reopen, new outbreaks of the coronavirus are surging through churches across the country where services have resumed.
The virus has infiltrated Sunday sermons, meetings of ministers and Christian youth camps in Colorado and Missouri. It has struck churches that reopened cautiously with face masks and social distancing in the pews, as well as some that defied lockdowns and refused to heed new limits on numbers of worshipers.
Pastors and their families have tested positive, as have church ushers, front-door greeters and hundreds of churchgoers. In Texas, about 50 people contracted the virus after a pastor told congregants they could once again hug one another. In Florida, a teenage girl died last month after attending a youth party at her church....
I think taking care of yourself in the presence of SARS-CoV-2 is absolutely necessary.
What comes to mind is the legislation invoked in the USA to protect victims of HIV and AIDS.
There were people seeking relationships, no matter how brief they may be, during the horizon of the Human Immunodeficiency Virus. Of course, HIV leads to AIDS (Acquired Immunodeficiency Syndrome) which at the time was debilitating leading to death. So, these happy-go-lucky forks needed to take their infectious status seriously. The American legislature criminalized the infection of unwitting people when their partner knowingly engaged in sexual transmission without regard for the safety of "the other." Those laws still stand today even though treatments are extremely successful. The laws still deter poor decision making by both partners and the infectious.
SARS-CoV-2 is a different virus than HIV (click here), but, due to the fact COVID-19 is dangerously debilitating and potentially deadly the comparison with HIV is correct. COVID-19, depending on the ability of a person to survive the infection then causes serious health considerations. SARS-CoV-2 is far more contagious than HIV because it is EASILY transmitted by droplet in common air space.
The press briefings often take place indoors with a strong potential to carry a droplet infection to everyone in the room. SARS-CoV-2 does not die after a person sneezes or coughs, but, continues to live in that air space. Therefore, in the absence of legislation that demands moral decisions regarding the protection of all others the BPA made the correct decision to file a lawsuit against a Brazilian president that does care about the safety of others. I would expect the courts to take the danger of SARS-CoV-2 seriously and decide in favor of the BPA and permanent protections in the press conferencing room(s).
If Bolsonaro is infectious he is not sequestering himself in a quarantine that would protect others while he fought the infection. He needs to test negative to SARS-CoV-2 before returning to public interactions including any such interaction with the Brazilian Press. It is my opinion his actions are deliberate and criminal.
July 8, 2020
By Rodrigo Pedroso
The Brazilian Press Association (click here) has said it will file a lawsuit in Brazil's Supreme Court against President Jair Bolsonaro over possibly exposing members of the media to Covid-19, according to a statement from the association on Tuesday.
The association, known as ABI, alleged Bolsonaro did not respect the health safety distance from reporters, and took off his mask at Tuesday's televised press conference in the capital Brasília, where he announced that he had tested positive for Covid-19.
ABI's statement accuses Bolsonaro of endangering the lives of journalists who were present. "The country cannot watch continued behavior that is beyond irresponsible and constitutes clear crimes against public health, without reacting," said the association's president, Paulo Jeronimo de Souza....
There were people seeking relationships, no matter how brief they may be, during the horizon of the Human Immunodeficiency Virus. Of course, HIV leads to AIDS (Acquired Immunodeficiency Syndrome) which at the time was debilitating leading to death. So, these happy-go-lucky forks needed to take their infectious status seriously. The American legislature criminalized the infection of unwitting people when their partner knowingly engaged in sexual transmission without regard for the safety of "the other." Those laws still stand today even though treatments are extremely successful. The laws still deter poor decision making by both partners and the infectious.
SARS-CoV-2 is a different virus than HIV (click here), but, due to the fact COVID-19 is dangerously debilitating and potentially deadly the comparison with HIV is correct. COVID-19, depending on the ability of a person to survive the infection then causes serious health considerations. SARS-CoV-2 is far more contagious than HIV because it is EASILY transmitted by droplet in common air space.
The press briefings often take place indoors with a strong potential to carry a droplet infection to everyone in the room. SARS-CoV-2 does not die after a person sneezes or coughs, but, continues to live in that air space. Therefore, in the absence of legislation that demands moral decisions regarding the protection of all others the BPA made the correct decision to file a lawsuit against a Brazilian president that does care about the safety of others. I would expect the courts to take the danger of SARS-CoV-2 seriously and decide in favor of the BPA and permanent protections in the press conferencing room(s).
If Bolsonaro is infectious he is not sequestering himself in a quarantine that would protect others while he fought the infection. He needs to test negative to SARS-CoV-2 before returning to public interactions including any such interaction with the Brazilian Press. It is my opinion his actions are deliberate and criminal.
July 8, 2020
By Rodrigo Pedroso
The Brazilian Press Association (click here) has said it will file a lawsuit in Brazil's Supreme Court against President Jair Bolsonaro over possibly exposing members of the media to Covid-19, according to a statement from the association on Tuesday.
The association, known as ABI, alleged Bolsonaro did not respect the health safety distance from reporters, and took off his mask at Tuesday's televised press conference in the capital Brasília, where he announced that he had tested positive for Covid-19.
ABI's statement accuses Bolsonaro of endangering the lives of journalists who were present. "The country cannot watch continued behavior that is beyond irresponsible and constitutes clear crimes against public health, without reacting," said the association's president, Paulo Jeronimo de Souza....
It has been heartening to realize India has taken the aggression of China seriously and is preparing for their national defense.
July 7, 2020
I congratulate India for such a rapid response to a threat from China. There is a lot going on in Kashmir now as well. India needs to measure any weakness it it's military, especially that of munitions. It would be best if India had a country that believes in it's democracy to supply munitions at times like this. The USA is not the only country that can supply those munitions. There are countries belonging to NATO which could and would protect India's democracy while it continues to build in strength in the region.
Well done.
July 7, 2020
By Shishir Gupta
Male power (click here) and its brutal projection is the central theme of what is colloquially defined as chopsticks culture. Submission to the powerful with all its frills can still be observed in East and South East Asian societies, particularly the middle kingdom ruled now by Emperor Xi Jinping. It is very important to understand this culture to contextualize China’s aggression against India in Aksai Chin area, where according to former Indian PM Jawaharlal Nehru’s famous 1961 statement “not a blade of grass grows.”
For the average man in the world’s largest democracy, it may be difficult to fathom why Commander-in-Chief Xi would order his western theatre commander to march PLA in full strength up to Line of Actual Control and lose 30 years of bilateral ties in one surge of testosterone. After all, majority of the “China boys” in the Ministry of External Affairs (MEA)’s East Asia Division were enamoured with paramount leader Mao Zedong’s rather inane slogans and the art of reading tea leaves. The Indian Army still carried the legacy of 1962 on its shoulder till such time Colonel Santosh Babu of 16 Bihar shattered the myth in Galwan on June 15 evening. The Chinese penetration in Indian government particularly the telecom sector was and is humongous with its New Delhi Embassy routinely getting its side of the story out in the media. Why would a country ruin a $100 billion dollar economic relationship with a neighbour that has never interfered in its internal matters or even challenged its quest for global domination? Fact is, India has chosen to keep quiet despite knowing all machinations of Beijing in Nepal (where the Chinese Ambassador to Kathmandu is a de facto Viceroy), Pakistan, Myanmar, Sri Lanka, Afghanistan and in the happy kingdom of Bhutan....
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