Monday, February 9, 2015

“We’re leaving Britain – Jews aren’t safe here any more”

Chalk up another unexpected data point for the slowing global economy: Economists expected Chinese exports to grow 5.9% in January. Instead exports declined by 3.3%. Imports declined a whopping -19.9% vs. an expectation of a 3.2% decline.

With imports down way more than exports, China Posted a Record Trade Surplus of $60 billion, in this case, not a sign of strength.

Year-Over-Year Data Points

  • Imports plunged 19.9% year-over-year vs. economist expectations of a 3.2% drop.
  • Exports fell 3.3% vs. economist expectations of 5.9% gain.
  • Crude oil imports fell 41.8%
  • Iron ore imports fell 50.3%
  • Coal imports fell 61.8%
  • Exports to the European Union fell 4.4%
  • Exports to the Hong Kong fell 10.9%
  • Exports to the Japan fell 20.4%
  • Exports to the Russia fell 20.4%

Imports declined from all major trade partners, including the European Union and the U.S.

Lunar New Year Holiday Affects Numbers

Trade numbers from China fluctuate widely in January and February depending on when a week-long new year lunar holiday begins. In 2015, the holiday begins in February making January numbers all the more alarming.

Very Strange Data

Reuters explains the lunar-cycle in China's imports slump, capping dismal January trade performance.
Chinese economic indicators in January and February are typically viewed with caution given the distortions caused by the shifting week-long Lunar New Year holiday, and while the analyst median estimate was for a rise, the range of estimates was extremely wide.

However the data - in particular the import data - is worrisome even after accounting for cyclical factors; last year the new year holiday idled factories and financial markets for a week in January, but this year the holiday comes in late February and January was a full month of business as usual.

"It's a very strange data print," said Andrew Polk, economist at the Conference Board in Beijing, noting that exports tended to be less effected by the holiday than other indicators, but added he was more concerned by the implications of the startlingly negative import figure.

Chinese officials had predicted that monetary easing measures in Europe would boost demand for Chinese goods, and analysts polled by Reuters had also been optimistic that signs of economic strengthening in the United States would support exports.

However, the data showed that while exports to the United States rose by 4.8 percent year-on-year to $35 billion, exports to the European Union slid 4.6 percent to $33 billion in the same period.
Louisiana Gov. Bobby Jindal (R) is against “the whole hyphenated idea.” From his point of view, there are no Indian-Americans, African-Americans, Italian-Americans, or Irish-Americans; everyone is, just plain and simple, an American. But what would happen if American culture was not being infused into society?
It was along this vein of encouraging cultural assimilation, that the Governor discussed the growing threat of Islamic extremism during his speech at the American Principles Project luncheon on Thursday in Washington D.C.

While denouncing Common Core, Jindal shared how the problems of the state standard initiatives would inevitably leak far beyond the classroom, into the culture. Jindal referenced a speech he gave in London several weeks ago:
“I talked about the fact that Islam has got problems. Not that I believe that a majority of Muslims condone these barbaric acts being done in the name of their religion, but I did say that individual muslim leaders have a responsibility to denounce, not just the acts of violence, but these individuals. To say that they are not going to enjoy a reward in the afterlife, but rather they are going straight to hell for these awful barbaric acts they continue to do; killed teenagers for watching soccer, burned a man alive, killing cartoonists because they don’t like their product.”
Jindal said he went a step further, and called upon leaders of the Western World to also confront their responsibility to encourage a wide range of cultures to come, and to assimilate and integrate into our American society. To teach that America is an exceptional country not because of the inhabitants’ DNA because because of their ideals.

President Obama Sets Another Muslim Terrorist Free, which further Proves Obama is a RADICAL MUSLIM

Some are cheering the news that convicted terrorist Sami al-Arian has been ‘deported’ to Turkey. Upon further review, this deportation may be closer to the ones given to the Taliban Five who went to Qatar along with $5 Billion in exchange for deserter Bowe Bergdahl. Where al-Arian is going – and where he is not – speaks volumes.

According to a report published on al-Arian’s ‘deportation’, Egypt would have been a better fit for al-Arian to go. That is where he lived prior to coming to the U.S. and that is where he was once expected to be deported. If the Muslim Brotherhood was still in power in Egypt, that destination may have been more realistic. Instead, al-Arian was ‘deported’ to Turkey, the same country so many Muslim Brotherhood leaders fled to after Mohammed Mursi was removed from power in Egypt. Now that Gen. Abdel Fatah el-Sisi is in power there, al-Arian likely would have been jailed upon landing in Cairo. Now, al-Arian is a candidate to join Muslim Brotherhood collaborators who seek el-Sisi’s overthrow from Turkey.

Two weeks after the 9/11 attacks, al-Arian appeared on the O’Reilly Factor. In perhaps O’Reilly’s best television moment ever – made better with hindsight – he took al-Arian on and little more than one year later al-Arian was arrested. The video could not be located but here is a short audio excerpt of the exchange:

Read full article here:

Homeland Security Chief Johnson: Terrorist Sleeper Cells in US Now

By Greg Richter / NEWSMAX

There are individuals living in the United States today who have contact with the Islamic State (ISIS or ISIL) and other terrorist groups who have "a desire to conduct an attack" on U.S. soil, Homeland Security Secretary Jeh Johnson said Sunday on CNN's "State of the Union."

Johnson would not say how many such individuals the government is aware of, but did say the number is dwarfed by the number of people in Europe intent on carrying out out acts of terror there.

And the ability to recruit and communicate through social media has only strengthened the ability to inspire lone wolves since the days just after 9/11, he said.

"The FBI and the Department of Homeland Security do a pretty good job of tracking the travel of individuals of suspicion, of investigating potential acts of terror or material support for terrorism," Johnson said. "Just this past Friday there were arrests of five individuals who were providing material support, allegedly, to ISIL."

He said the government does a lot to keep track of suspected individuals, but added that the public should continue to be vigilant and report anything suspicious.

Johnson said his thoughts and prayers are with the family of Kayla Mueller, the 26-year-old aide worker captured by ISIS that the group claims was killed in a Jordanian airstrike.

"Where we can, we do our best to secure the safety of Americans held hostage by terrorist organizations," Johnson said, adding that his department is continually evaluating its ability to do so.

Turning to issues in Washington, Johnson said it is vital that Homeland Security receive full funding past the February 27 end of a continuing resolution.

Republicans want to cut funding that would help implement President Barack Obama's executive actions granting legal status to millions of illegal immigrants. Johnson argued that the continuing resolution itself, which simply keeps funding at current levels, is hurting the department's ability to fund new initiatives and quoted FEMA Administrator Craig Fugate as saying 80 percent of his workforce would have to be furloughed.
Host Dana Bash challenged Johnson on threats that Homeland Security would have to drastically cut its numbers, quoting him from the 2013 government shutdown threat when he said that nearly 90 percent of Border Patrol agents, 85 percent of ICE agents and 93 percent of TSA officials have to come to work without pay, but would still be on the job.

Johnson insisted there would be a significant drop in service and that 30,000 employees would have to be furloughed, while the rest would be forced to work without pay.

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