THREAD: asian markets shock mixed signals amid

NBA’S SHOCKING Return to China: Millions at Stake After Controversial Ban Lifted

06 December 2024 — The Brooklyn Nets and Phoenix Suns will play two preseason games in China. This follows the reinstatement of the NBA’s broadcast deal, worth millions. The league was banned in 2019 after a controversial tweet by Rockets executive Daryl Morey supporting Hong Kong protesters.

Chinese authorities demanded Morey be fired, but NBA Commissioner Adam Silver refused. Instead, Silver publicly criticized Morey, leading to his apology and retraction of support for the pro-democracy movement. Despite this, China suspended NBA broadcasts until now.

Morey’s tweet read: “Fight for freedom, stand with Hong Kong.” His apology aimed to mend relations with Chinese fans and sponsors offended by his stance. He stressed that his views were personal and not representative of the Rockets or the NBA as a whole.

The return of NBA games to Chinese screens marks a significant financial move for both parties involved. It highlights ongoing tensions between business interests and political stances within international sports diplomacy.

TRAGIC STABBING Spree at London Market Shocks Community

11 November 2024 — A stabbing spree at East Street Market in south London left one dead and two injured on Sunday morning. Police arrested a man in his 60s at the scene. While they have not shared details about the suspect or his motives, they do not believe it is terror-related, hinting that mental health issues might be involved.

Witnesses described a chaotic scene as the attacker randomly targeted people. An unnamed fabric seller said, “I just saw a bloke running through the market stabbing people willy-nilly.” The attack happened around 10:30 am when the market was getting busy.

The witness immediately called police after seeing two men stabbed, noting one appeared severely injured. Emergency services quickly arrived but sadly, one victim died from injuries despite their efforts.

The investigation continues as authorities work to understand what led to this tragic event and ensure community safety moving forward.

TRUMP And HARRIS Neck-And-Neck: What’s Behind the Poll Shocker?

15 October 2024 — Recent polls show a tight race between Kamala Harris and Donald Trump, with both candidates nearly tied. Just last month, Harris was ahead in election and favorability ratings. Now, her lead is gone, sparking questions about why voters are changing their minds.

NBC’s Savannah Guthrie talked with analyst Steve Kornacki about this shift. He explained how Harris’s favorability ratings have reversed. Last month, she had a 48% positive rating compared to Trump’s steady numbers. Now her positive rating has fallen to 43%, while her negative rating jumped to 49%.

Kornacki noted that this change brings Harris’s ratings closer to Trump’s figures. He also mentioned an interesting twist about public views on Trump’s presidency. Recent polling shows that 44% of voters think Trump’s policies helped their families more than during his time in office.

Biden’s BORDER Crisis: SHOCKING Surge in Illegal Crossings Alarms Americans

18 June 2024 — The border crisis under President Biden has reached alarming levels. New data shows a shocking surge in illegal crossings, leaving many Americans concerned. The situation at the southern border is deteriorating, with record numbers of migrants attempting to enter the country.

Border Patrol agents are overwhelmed as they try to manage the influx. Many believe that Biden’s policies are too lenient and encourage more illegal immigration. Critics argue that stronger measures are needed to secure the border and protect American citizens.

Local communities near the border are feeling the impact firsthand. Increased crime rates and strained resources have residents worried about their safety and well-being. Many are calling for immediate action to address these pressing issues before they worsen further.

As this crisis continues, it’s clear that a change in strategy is necessary. Americans want effective solutions that will restore order and security at our borders, ensuring a safer future for everyone involved. The time for decisive action is now, before things spiral out of control even more dramatically than they already have.

SUNAK SHOCKS Nation: Calls Surprise Election for July 4

23 May 2024 — British Prime Minister Rishi Sunak has shocked many by calling a general election for July 4. Known for being thorough and evidence-led, this move contrasts sharply with his usual cautious approach.

Opinion polls suggest that Sunak’s Conservative Party is trailing behind the opposition Labour Party, which could spell trouble for his leadership. Sunak took office in October 2022, replacing Liz Truss after her economic policies caused market turmoil.

Sunak had warned against Truss’s unfunded tax cuts, predicting economic havoc that indeed followed. His rise to power was rapid, becoming Britain’s first leader of color and youngest prime minister in over two centuries at age 42.

Sunak previously served as Treasury chief during the coronavirus pandemic, where he introduced an unprecedented economic support package. Now at age 44, he faces a critical test with this upcoming election amid challenging political landscapes.

COVID-19 SHOCKER: Pompeo’s Intel Suggests Chinese LAB Leak

05 May 2024 — Mike Pompeo, the former U.S. Secretary of State, has reportedly shared critical intelligence with the United Kingdom indicating a “high likelihood” that COVID-19 originated from a lab in China. This information was part of a confidential briefing to allies including Canada, Australia, and New Zealand as part of the Five Eyes alliance in early 2021.

The shared intelligence raised alarms about the lack of transparency from China and potential military ties at the Wuhan Institute of Virology. It was revealed that Chinese authorities hindered global investigations and showed signs of corruption and incompetence at critical times. Moreover, it emerged that researchers at the institute experienced illnesses just before the pandemic spread globally.

Despite these concerning revelations, UK officials led by then-Foreign Secretary Dominic Raab seemed to downplay these findings initially. Pressure from some scientists who supported theories of natural transmission played a role in this skepticism. However, two ex-officials from Trump’s administration described the evidence pointing to a lab leak as "gobsmacking.

This disclosure not only questions China’s handling of crucial data but also challenges global understanding about COVID-19’s origins, potentially reshaping international relations and public health strategies moving forward.

JAPAN Strengthens WESTERN Ties: Set to Boost Aukus Alliance

13 April 2024 — During a notable visit to Washington, Japanese Prime Minister Kishida Fumio hinted at Japan’s upcoming role in the AUKUS alliance. Reports suggest Japan is “cleared to join,” marking a significant step in defense collaborations between Japan and Western powers.

The AUKUS alliance aims to enhance Australia’s submarine capabilities and is now eyeing Japan for its advanced technology program. This includes electronic warfare and AI development, with UK Defense Secretary Grant Shapps hinting at high-tech cooperation with Japan.

Japan’s entry into the alliance is poised to advance military technologies like hypersonic missiles and cyber defense systems. Prime Minister Kishida emphasized the importance of U.S.-Japan collaboration on emerging technologies during his Congress address, highlighting its role in global security dynamics.

This expansion signifies a major leap in uniting Western defense efforts against global threats, promoting peace and stability through technological advancement and strategic cooperation among these nations.

SOUTH KOREAN Election Shocker: Voters Lean Left in Historic Turn

11 April 2024 — South Korean voters, upset by the economic slump, are showing their disapproval towards President Yoon Suk-yeol and his ruling People Power Party (PPP). Early exit polls indicate a dramatic tilt in the National Assembly, with the opposition DP/DUP coalition on track to win between 168 and 193 of the 300 seats. This would leave Yoon’s PPP and its partners trailing with just 87-111 seats.

A record-breaking turnout of 67 percent — the highest for a midterm election since 1992 — reflects widespread voter engagement. South Korea’s unique proportional representation system aims to give smaller parties a chance but has resulted in a crowded field that confuses many voters.

PPP leader Han Dong-hoon has publicly recognized the disappointing exit poll figures. He pledged to honor the electorate’s decision and wait for the final tally. The election results could mark a pivotal change in South Korea’s political landscape, hinting at broader shifts ahead.

This electoral outcome underscores growing public discontent with current economic policies and signals a desire for change among South Korean voters, potentially reshaping the nation’s policy direction in years to come.

ANC on SHAKY Ground: South Africa’s Opposition Parties Gaining Momentum

14 March 2024 — Recent polling data indicates a potential shift in South Africa’s political scene, the likes of which haven’t been seen since 1994. The ruling party, the African National Congress (ANC), has experienced a decline in support from 44% to 39% since November 2022.

On the other hand, the opposition Democratic Alliance (DA) has seen its share rise from 23% to a notable 27%. A newcomer on the scene, the MK Party, has made an impressive debut with a surprising 13%, while support for the radical Economic Freedom Fighters (EFF) party has dwindled to just 10%.

This changing landscape could potentially pave the way for DA to form a majority coalition with other parties excluding ANC and EFF. This tactic proved successful in Cape Town’s municipal elections back in 2006. Despite ANC’s historical appeal due to its instrumental role in ending apartheid, ongoing issues such as electricity and water shortages, high crime rates, and rampant corruption have strained voters’ loyalty.

The shifting political climate suggests that voters are seeking change and are willing to look beyond traditional party lines. This could lead to significant changes in South Africa’s political landscape moving forward.

GREEN AGENDA Hits Hard: Ofgem Warns of Financial Burden on Low-Income Consumers

13 March 2024 — The Office of Gas and Electricity Markets (Ofgem) sounded an alarm on Monday. It cautioned that the shift towards a “Net Zero” carbon emissions economy could unfairly impact low-income consumers. These individuals might lack the financial resources to acquire government-approved technology or modify their lifestyle habits.

In the past year alone, debts from energy consumers have skyrocketed by 50%, amassing a total of £3 billion. Ofgem voiced grave concerns about struggling households’ limited resilience to future price shocks. The regulator also highlighted that the burden of recovering bad debts could pose serious threats to the retail energy sector.

Economic difficulties have already pushed British consumers into rationing their energy consumption. This has led to “harms associated with living in a cold, damp home,” potentially triggering an increase in mental health issues rates.

Tim Jarvis, Ofgem’s director general, underscored the necessity for a long-term strategy to manage escalating debt levels and shield struggling consumers from future price shocks. He mentioned that measures such as altering standing charges for prepayment meter customers and tightening requirements on suppliers had been implemented.

AUSTRALIAN Activist’s SHOCKING Sentence in China Sparks Global Outrage

05 February 2024 — Yang Hengjun, an Australian pro-democracy activist and former Chinese government worker, faces a surprising sentence in China. Born as Yang Jun in 1965, he served the Chinese government before moving to Australia in 2002. He also spent time as a visiting scholar at Columbia University.

Yang was arrested during a family trip to China in 2019. His arrest happened during the height of the Hong Kong pro-democracy movement and amidst tense relations between Australia and China. The Australian government and human rights groups have consistently condemned his detention, calling him a political prisoner.

The trial has been slammed for its secrecy, with claims of torture and forced confessions emerging. Yang reportedly faced a secret trial on vague espionage charges three years ago. In August 2023, he voiced fears of dying from an untreated kidney cyst while waiting for his verdict

The sentencing has ignited international outrage with Australia condemning it as an “appalling” obstacle to better relations with China. Human Rights Watch Asia Director Elaine Pearson labelled Yang’s treatment as making a mockery of legal proceedings.

TIME to STOP Iran’s Terror Funding: The Unholy Alliance Exposed

31 January 2024 — The current geopolitical landscape has raised serious concerns, according to a recent statement by Lawler. He drew attention to an emerging alliance between China, Russia, and Iran that is becoming increasingly visible. Notably, he identified China as the largest consumer of Iranian petroleum. These sales are providing financial support for dangerous terrorist groups.

Lawler stressed the need for immediate action against Iran in response to over 150 attacks on U.S. military bases and personnel since October 7. Tragically, these assaults have resulted in three servicemembers losing their lives. He called on the administration for a decisive response against Iran.

A bipartisan bill designed to curb illegal funds supporting terrorism was approved in the House after October 7 but has hit a roadblock in the Senate. Lawler urged both Senate and administration officials to advance this bill as part of a comprehensive strategy against these threats.

Lawler believes that an effective response should not only be military or diplomatic but also economic: cutting off funding at its roots. This multi-pronged approach is essential for effectively fighting terrorism.

US STEEL Takeover: BLOCKING Japanese Buyout Could Save American Jobs

22 December 2023 — Nippon Steel, Japan’s leading steel company, is facing a storm of criticism over its planned $14 billion acquisition of U.S. Steel Corporation. The deal, unveiled on Monday, values U.S. Steel at $55 per share and has sparked immediate opposition, especially in the Rust Belt where U.S. Steel has been a cornerstone since 1901.

Despite U.S. Steel’s assurances that the merger would unite “two storied companies with rich histories,” lawmakers are demanding action. Senators J.D. Vance (R-OH), Josh Hawley (R-MO), and Marco Rubio (R-FL) have written to Treasury Secretary Janet Yellen urging the Committee on Foreign Investment in the United States (CFIUS) to halt the deal.

The senators contend that domestic steel production is vital for national security and needs careful scrutiny before permitting foreign investment. CFIUS, led by Yellen, holds the authority to stop such investments after a review process.

While experts predict CFIUS is more likely to block deals involving countries perceived as adversaries like Russia or China rather than allies like Japan, this situation highlights bipartisan worries about foreign control over crucial industries.

US-CHINA Economic Reset PROPOSED: Will Higher Tariffs Be the New Norm?

12 December 2023 — A bipartisan committee in the House has put forth a proposal for a complete overhaul of US economic ties with China. This includes the suggestion of implementing higher tariffs. The pivotal recommendations were released in an extensive report by the House Select Committee on Strategic Competition Between the United States and Chinese Communist Party, chaired by Mike Gallagher (R-WI) and Raja Krishnamoorthi (D-IL).

The report posits that since its induction into the World Trade Organization in 2001, Beijing has been engaged in an economic conflict against both the US and its allies. It outlines three key strategies: revamping America’s economic relationship with China, limiting U.S. capital and technological inflow into China, and strengthening U.S. economic resilience with allied support.

One notable recommendation is to shift China to a new tariff column to enforce more robust tariffs. The committee also suggests imposing tariffs on essential semiconductor chips used in everyday devices like phones and cars. This move aims to prevent Chinese domination in this sector from granting Beijing undue control over global economy.

Bipartisan Committee CALLS for END of China’s Trade Status: A Potential Jolt to US Economy

12 December 2023 — A bipartisan committee, led by Rep. Mike Gallagher (R-WI) and Rep. Raja Krishnamoorthi (D-IL), has been studying the economic effects of China on the US for a year. The investigation centered on job market changes, manufacturing shifts, and national security concerns since China joined the World Trade Organization (WTO) in 2001.

The committee released a report this Tuesday recommending President Joe Biden’s administration and Congress to implement nearly 150 policies to counteract China’s economic influence. One significant suggestion is to cancel China’s permanent normal trade relations status (PNTR) with the U.S., a status endorsed by former President George W. Bush in 2001.

The report argues that granting PNTR to China did not bring anticipated benefits for the US or trigger expected reforms in China. It asserts that this has led to a loss of vital U.S. economic leverage and inflicted damage on U.S industry, workers, and manufacturers due to unfair trade practices.

The committee proposes shifting China into a new tariff category that reinstates U.S economic leverage while reducing dependence on Chinese

EXPOSED: BIDEN and Elites’ Unsettling Alliance with China

22 November 2023 — President Joe Biden’s recent actions have stirred up a storm of controversy. His apparent dismissal of the idea of “decoupling” from China is causing concern among conservatives. These revelations come from a new book, Controligarchs: Exposing the Billionaire Class, Their Secret Deals, and the Globalist Plot to Dominate Your Life.

The book suggests that global elites and politicians like Biden and California Governor Gavin Newsom are actively pushing for a closer resemblance between the U.S. and its Communist adversary. It alleges that these individuals view Beijing’s elites not as threats or rivals but as business partners.

Among those named in these claims are influential figures such as BlackRock’s Larry Fink, Apple’s Tim Cook, and Blackstone’s Stephen Schwarzman. These business leaders were reportedly present at a dinner honoring Chinese Communist Party Leader Xi Jinping where they stood in applause for Chairman Xi.

This revelation comes at a time when concerns over China’s influence on global politics are growing. It highlights the urgent need for transparency in dealings between American leaders and foreign powers.

BIDEN-XI Summit: A Bold Leap or a Blunder in US-China Diplomacy?

16 November 2023 — President Joe Biden and Chinese President Xi Jinping have committed to keeping direct lines of communication open. This decision follows their lengthy four-hour discussion at the 2023 APEC summit in San Francisco. The leaders unveiled an initial agreement aimed at halting the influx of fentanyl precursors into the U.S. They also plan to restore military communications, which were cut off after China’s disagreement with the Pentagon following Nancy Pelosi’s visit to Taiwan in 2022.

Despite rising tensions, Biden made efforts during Wednesday’s meeting to strengthen U.S.-China relations. He also vowed to persistently challenge Xi on human rights issues, arguing that frank discussions are “critical” for successful diplomacy.

Biden voiced positivity about his rapport with Xi, a relationship that began during their vice-presidential terms. However, uncertainty looms as a congressional investigation into COVID-19 origins threatens US-China relations.

It is unclear whether this renewed dialogue will result in substantial progress or further complications.

BIDEN and XI: Critical Trade Talks Amid Escalating Tensions

11 November 2023 — President Joe Biden is scheduled to meet with Chinese President Xi Jinping in California this Wednesday. This marks their first rendezvous in a year, amidst the backdrop of strained U.S.-China relations. The world’s two largest economies will put trade and Taiwan at the forefront of their discussions.

The White House has been alluding to this meeting for some time now. It will occur on the fringes of the Asia-Pacific Economic Cooperation summit in San Francisco. Both leaders are aiming to “responsibly manage competition” and collaborate where mutual interests overlap.

Meanwhile, Treasury Secretary Janet Yellen has been engaging with Chinese Vice Premier He Lifeng for a second day of dialogue on Friday. Yellen underscored America’s aspiration for a robust economic relationship with China, while also urging Beijing to take action against firms suspected of circumventing sanctions to transact with Russia.

Yellen additionally expressed apprehensions about China’s export controls on graphite – an essential component in electric vehicle batteries – amidst escalating tensions between the nations that could see thousands protesting during the summit.

FRONTIER AI: A Ticking Time Bomb? World Leaders and Tech Titans Convene to Discuss Risks

01 November 2023 — The latest buzzword in the realm of artificial intelligence, Frontier AI, has been causing a stir due to its potential threats to human existence. Advanced chatbots like ChatGPT have dazzled with their capabilities, but fears about the risks associated with such technology are escalating. Top researchers, leading AI companies, and governments are advocating for protective measures against these looming dangers.

British Prime Minister Rishi Sunak is orchestrating a two-day summit on frontier AI at Bletchley Park. The event is set to draw around 100 officials from 28 nations including U.S. Vice President Kamala Harris and European Commission President Ursula von der Leyen. Executives from prominent U.S. artificial intelligence firms such as OpenAI, Google’s Deepmind and Anthropic will also be in attendance.

Sunak asserts that only governments can shield people from the hazards posed by this technology. However, he stressed that the U.K.'s strategy is not to hastily impose regulation despite identifying potential threats like using AI for crafting chemical or biological weapons.

Jeff Clune, an associate computer science professor at the University of British Columbia who specializes in AI and machine learning was among those urging for more government intervention in mitigating risks from AI last week — echoing warnings issued by tech tycoons like Elon Musk and Open

LABOUR PARTY Triumphs: Shocking Upset in Special Elections Reshapes UK Political Landscape

21 October 2023 — In a surprising turn of events, Britain’s Labour Party has managed to secure two Parliament seats previously dominated by the Conservatives. This unexpected victory took place in the special elections held in Tamworth and Mid-Bedfordshire, with a significant number of voters switching their loyalty to Labour.

This win strengthens Labour’s standing as the primary challenger for next year’s national election. It also piles pressure on Prime Minister Rishi Sunak to rejuvenate his party’s reputation. Keir Starmer, the leader of the Labour Party, proclaimed that his party is “redrawing the political map”.

The victories were marked by Sarah Edwards’ success in Tamworth and Alistair Strathern’s triumph in Mid-Bedfordshire, both overcoming substantial Conservative majorities from 2019. However, it should be noted that voter turnout was relatively low at 36% and 44% respectively. Additionally, these elections took place under unique circumstances due to resignations from former lawmakers.