PM to call 'unprecedented' vote on Juncker EU appointment

Now Britain cranks up the game for the EU Top Jobs to keep the Federalists out.

David Cameron opposes Mr Juncker's instincts for closer ties with Europe

BBC News
22 June 2014

David Cameron will call for a vote from fellow EU leaders on the next European Commission president if there is an attempt to rubber-stamp Jean-Claude Juncker in the role.

Mr Cameron opposes the ex-Luxembourg PM, whom he sees as preventing EU reforms, and a No 10 source says he will seek a vote at a summit next week.

But correspondents say it looks likely Mr Juncker will get the job.

Meanwhile, business leaders have warned about EU measures affecting the City.

The row over Mr Juncker hit the headlines a few weeks ago when Mr Cameron reportedly warned the UK could leave the EU if Mr Juncker became president of the European Commission - the body which drafts EU laws.

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China hails Greece as “gateway to Europe”

China focuses on creating Wealth not war.

Once they control the ports they will make it the gateway to Europe.

20 June 2014

China’s Prime Minister Li Keqiang has begun a three-day visit to Greece to sign trade and investment deals.

Accompanied by his Greek counterpart Antonis Samaras, Li visited the country’s largest port of Piraeus to inaugurate a rail link that will transport goods to central Europe.

Chinese and Greek officials are signing 19 deals worth an estimated 4.5 billion euros.

Among the key agreements is one for boosting trade and investment cooperation, as well as a deals for Chinese bank loans to go towards various construction projects, such as shipyards and solar energy parks.

There were also deals aimed at boosting Greek exports of olive oil, wine and marble.

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Thai junta taking control of economy

Revolutions are spreading. The Wannabes are on the march.

Move comes on the back of decades of deeply embedded corrupt practice among politicians and bureaucrats.

Anadolu Agency
22 June 2014

The Thai military is rapidly taking control of Southeast Asia's second largest economy with an overhaul of state enterprises, a suspension or cancellation of some of the previous government's infrastructure projects and efforts to build bridges with foreign investors.

The move comes after decades of corruption in the country's infrastructure, previous Prime Minister Yingluck Shinawatra - for one - removed from office after being found guilty of having illegally transferred a high ranking civil servant for personal gain.

Local and foreign business communities have generally welcomed the May 22 coup, as it brought an end to demonstrations that had crippled the government, rendering it unable to move the economy forward.

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China Property Failures Seen as $33 Billion in Trusts Due

Now China is also finding that Property comes in Boom and BUST cycles. Bubbles burst!

A worker labors on a residential building under construction in Shanghai.
Photographer: Tomohiro Ohsumi/Bloomberg

20 June 2014

Chinese property trusts face record repayments next year as the real-estate market cools, fueling speculation among bond funds that more developers will collapse.

The trusts, which channel money from wealthy individuals to smaller builders that have trouble obtaining financing elsewhere, must repay 203.5 billion yuan ($32.7 billion) in 2015, according to Use Trust, a Chinese research firm. That’s almost double the 109 billion yuan due this year. New issuance of the products slumped to 40.7 billion yuan this quarter, the least in more than two years, Use Trust data show.

“Trust loan defaults will rise substantially,” said Fiona Cheung, head of Asia credit at Manulife Asset Management’s fixed-income team which oversees $44 billion globally. “It won’t be surprising if there are more collapses of China’s property companies. Those companies that suffer from weak sales, that bought land too aggressively last year funded by debt and that have poor access to capital markets will potentially experience cash flow pressure.”

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Obama isn’t the only one with a passive-aggressive foreign policy

China is also now staking out its own territories and warning the US to keep out. The world is being carved up.

Both serve many masters.

Reuters | Blogs
By Ian Bremmer
19 June 2014

America and China are the world’s two major powers, with the largest economies and militaries. The stakes are high for them to practice what they preach on foreign policy: their words and actions influence the global economy, as well as the behavior of allies and enemies.

The problem: Xi Jinping and Barack Obama want to have their foreign policy cake and eat it, too. For both leaders, international engagement isn’t top of mind: they want to downplay their global leadership roles in order to focus on more pressing concerns at home.

But at the same time, they have certain priorities that they’re willing to pursue unilaterally and aggressively abroad. This inconsistency gets them both in hot water. It leaves other countries guessing, it undermines global collaboration, and it allows crises like Ukraine and Iraq to burn hotter, for longer, more often.

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Humor | New Antiseptic

Hydrogen Barackside

It's not only the English who have a sense of humor, the Scots do as well! New Antiseptic!!

This cartoon originated in Scotland. It looks like most of the world is laughing at the nation's leadership!

How sad that the world is laughing at the United States, while we sit by and watch and wonder what will happen next!

This one nails it perfectly.

President Obama's approval ratings are so low now, the Kenyans are accusing him of being born in the United States.