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Earthquake Rocks Bangkok: Building Collapses with 40 people inside
got more fun things to do. -
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The Mar-a-Lago Accord
On Wall Street, there is talk that Trump's tariff policy's aim is to make world leaders build factories in the US and strengthen their own currencies to help US manufacturing. In 1985, Washington persuaded Japan, Germany, Britain and France to coordinate on devaluing the dollar in the Plaza Accord. The White House thinks it can leverage threats of tariffs and withdrawn US security guarantees to dictate terms. But Europe is rearming by building up its own defence base rather than buying US-made weapons, and longstanding US allies are planning independent nuclear deterrents. Rather than bow to Trump, the global response “has been to look for alternatives”. China, which is already struggling with sluggish demand, also has no interest in doing a deal that harms its own exporters, says Neil Shearing of Capital Economics. With foreigners buying large amounts of dollar-denominated assets, Americans can consume more than they produce. One way to fix this would be to limit those inflows by imposing capital controls, but that would lower US living standards and damage the dollar’s status as the global reserve currency. George Saravelos of Deutsche Bank argues, “There is a fundamental inconsistency” between Trump’s desire “to maintain dollar reserve status” and many of the proposals currently floating around for engineering a weaker dollar.'' Talk of a Mar-a-Lago deal rests on a “misidentification” of the true sources of imbalanced global trade, namely very large fiscal deficits in the US and a very high savings rate in China. What is the Mar-a-Lago Accord and why is it getting attention from Wall Street? -
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Is America doomed
The rest of the world will also never catch up in terms of entertainment. Sports specifically -
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Giving the Russians a piece of my mind.
You don't get much in a 2000 baht a month fan room. -
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Is America doomed
America leads the desire in the world by their products and lifestyle. The only ones who can design high value and quality products too. Plus with the strongest branding ever. Those are the only thing that matter for modern humans. If you name one country that can do the same then America is doomed. Most humans, wants an iphone, a pair of nike, a tesla ect Wants to eat shakeshak or MCd. NY and california representing something ect They will be doomed IF there were competitors.... -
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