China Needs U.S. More Than U.S. Needs China

I received several questions concerning the subject matter of my last column , wherein I introduced the Triffin Dilemma, so I’m going to expand on those issues here. Because of the rhetoric being used by Donald Trump and his economic team concerning the need to renegotiate new trade agreements and threatening domestic companies with penalties for taking advantage of existing agreements , it is important to understand the logic for doing so and the issues that may arise as a result.

Libya’s Oil Revival Gathers Pace to Highlight Risks on OPEC Deal

Libya, the holder of Africa’s biggest crude reserves, is ramping up output from its biggest oil field again after two years of internal conflict, the latest reminder of just how vulnerable OPEC’s quest to clear a global crude glut might be. The Sharara deposit in the Libya’s south west will ship almost 1.9 million barrels this month from its Zawiya port near Tripoli, according to a loading program obtained by Bloomberg.

‘Disorder’ at protest after man shot dead on M62

It is understood protesters have gathered on Leeds Road in Bradford in response to the death of father-of-two Mohammed Yassar Yaqub, who was shot by police in a “pre-planned operation” at Ainley Top near Huddersfield. We are unable to send your welcome email at this time.

Islamic guards at Jerusalem holy site object to archaeologist calling it a Temple Mounta

A respected Israeli archaeologist was nearly ejected from a holy site in Jerusalem for calling it by the term “Temple Mount.” Archeologist Dr. Gabriel Barkay on Sunday was explaining the archaeological history of the site to a multi-faith group of students from the University of California-Los Angeles when two guards of the Wakf, the Islamic authority that oversees the site known as Haram al-Sharif, or the Noble Sanctuary, who had been shadowing the group, brought him to Israel Police officers at the site to complain, the Times of Israel reported.

Homes connected to Berlin attack raided

German investigators searched a refugee centre and a flat in Berlin on Tuesday which they believe were homes to associates of the Tunisian man who killed 12 people in an attack in the capital before Christmas, the federal prosecutor’s office said. Anis Amri ploughed a truck through a Berlin Christmas market on December 19. Islamic State claimed responsibility for the attack, calling the assailant a “soldier” of the militant group.

Tributes paid to ‘superb soldier’ killed in Iraq incident

Lance Corporal Scott Hetherington, 22, of 2nd Battalion The Duke of Lancaster’s Regiment, died following a “tragic incident” at Camp Taji, north of Baghdad, on Monday. The circumstances of the death of the father-of-one, from Middleton, Greater Manchester, are being investigated, the Ministry of Defence said.

Congo opposition leader who fled country announces candidacy

A top Congo opposition leader who fled the country has announced his candidacy for president and is commending a new political agreement that might allow him to come home. In a statement Tuesday, Moise Katumbi praised the deal signed by political parties that calls for President Joseph Kabila to leave power after an election that will be held by the end of the year.

Israel PM Netanyahu probed over corruption links

Benjamin Netanyahu, the prime minister of Israel, has been questioned in relation to a criminal investigation into corruption conducted by the country’s attorney general. The leader is suspected to have been involved in beneficial deals with businessmen in Israel, according to a report from Attorney General Avichai Mandelbit.

Iran activist ends 71-day prison hunger strike as wife freed

An imprisoned Iranian human rights activist ended a 71-day hunger strike Tuesday as his detained wife won a temporary release from prison, a day after his case sparked a rare unauthorized protest in Tehran. Arash Sadeghi was to be taken to a hospital, his lawyer Amir Raisian said, while Amnesty International said he would be fed intravenously.

The Latest: Lebanon bids farewell to Istanbul victims

In this photo released by the Lebanese Government, Lebanese Red Cross volunteers unload the coffin of a Lebanese victim who was killed in the Istanbul nightclub attack, at Rafik Hariri international airport, in Beirut, Lebanon, Monday Jan. 2, 2017. A jet carrying the bodies of three Lebanese citizens killed in the shooting at an Istanbul nightclub has landed in Beirut, with three others who were wounded aboard.

Things to expect in Lincoln in 2017

For many, 2016 offered a glimpse into a New Year of possibilities and unexplored territories. From the promise of eventual divorce from the European Union, to the beginnings of major local infrastructure projects, there’s already lots to add to look out for in the months ahead.

SKorean president refuses to testify in impeachment trial

A lawyer for South Korean President Park Geun-hye prays before the first hearing arguments for Park’s impeachment trial at the Constitutional Court in Seoul, South Korea, Tuesday, Jan 3, 2017. less A lawyer for South Korean President Park Geun-hye prays before the first hearing arguments for Park’s impeachment trial at the Constitutional Court in Seoul, South Korea, Tuesday, Jan 3, 2017.

Danish man Thor Pedersen is travelling the world by container ship

From a curious polar bear cub to an excitable puppy: Adorable footage of animals seeing snow for the first time is sure to make your heart melt From spectacular waterfalls to sensational samba dances: Discovering the enticing rhythm of Argentina and Brazil on a trip-of-a-lifetime tour These really are pop-up hotels! Tourists can stay in one-off glamping cabins installed in Wales’ secret beauty spots which disappear after they visit Meet the man who’s travelling on CONTAINER SHIPS in an attempt to see every country in the world… without flying Make 2017 a roaring triumph: From dinosaurs and rock gods to a Far Eastern tropical idyll, this year’s top destinations revealed Bring the bambino: Newsreader Emma Crosby proves a tour of Tuscany with a toddler CAN still be child’s play Planet Earth – the live show: Head to Namibia for the best seat in the house at this spectacular African safari … (more)

German jobless rate ticks up to 5.8 pct but trend positive

A lamp of a restaurant shines as trippers walk by in thick fog on top of the 880 m high Feldberg mountain near Frankfurt, Germany, Monday, Jan. 2, 2017. A lamp of a restaurant shines as trippers walk by in thick fog on top of the 880 m high Feldberg mountain near Frankfurt, Germany, Monday, Jan. 2, 2017.

Adorable footage of Polar Bears seeing snow for the first time will make your heart melt

From a curious polar bear cub to an excitable puppy: Adorable footage of animals seeing snow for the first time is sure to make your heart melt From spectacular waterfalls to sensational samba dances: Discovering the enticing rhythm of Argentina and Brazil on a trip-of-a-lifetime tour These really are pop-up hotels! Tourists can stay in one-off glamping cabins installed in Wales’ secret beauty spots which disappear after they visit Meet the man who’s travelling on CONTAINER SHIPS in an attempt to see every country in the world… without flying Make 2017 a roaring triumph: From dinosaurs and rock gods to a Far Eastern tropical idyll, this year’s top destinations revealed Bring the bambino: Newsreader Emma Crosby proves a tour of Tuscany with a toddler CAN still be child’s play Planet Earth – the live show: Head to Namibia for the best seat in the house at this spectacular African safari … (more)

Classic film director dies at the age of 85

Jeremy Summers, who was born in St Albans in 1931 to Dora, an actor, and Walter Summers, a film director and screenplay writer, died on December 14 at the age of 85. Summers began working as a runner at Elstree Studios, in Borehamwood, when he was 16 and became an assistant director on films such as The Dam Busters and Moby Dick . His son Julian Summers said: “Walter had come back from the second world war a physical and nervous wreck and had already acquired a reputation in the film industry for being difficult.

‘Buyers will find it tough to find something’ – Property expert on…

‘Buyers will find it tough to find something’ – Property expert on the 10pc house price jump forecast in next 18 months ‘Buyers will find it tough to find something’ – Property expert on the 10pc house price jump forecast in next 18 months ‘Buyers will find it tough to find something’ – Property expert on the 10pc house price jump forecast in next 18 months Economist at Trinity College, Ronan Lyons, predicts that house prices will continue to rise between 5pc and 10pc over the next 18 months.

‘Main office conversation today: Who slept the least last night and …

‘Main office conversation today: Who slept the least last night and who put on the most weight in two weeks’: Twitter explodes with #backtowork memes as workers return from their 17 DAY Christmas break It’s been a long Christmas holiday for many Britons who only needed to take eight days of annual leave to enjoy a 17-day break. But the realisation that they were returning to the office today was almost too much to bear for some who shared their back to work blues on social media.

Heavy smog blankets part of China as locals still dance the Viennese Waltz in Fuyang

Nothing can stop them! Heavy smog blankets part of China but it doesn’t stop the locals from donning face masks and dancing the Viennese Waltz Heavy smog blanketing northern and central China could not deter the spirits of a number of locals who took to the streets to dance. Dozens of flights and highways were closed on Monday but people in Fuyang, in the Anhui province, braved the shocking pollution, donning masks to perform their best Viennese Waltz.

Manchester schoolgirl was raped after being dragged off a street by a man in a balaclava

Schoolgirl, 12, was raped after being dragged off a street and into an alleyway by a man in a balaclava A 12-year-old girl has been raped after she was dragged off a street into an alleyway by a man in a balaclava. The victim was attacked as she walked in Levenshulme, Manchester but police said the girl only spoke out last week and told them the incident took place on Tuesday November 22 last year.

Not lovin’ it! Cardinal voices outrage after a McDonald’s store…

Mayhem at airports as immigration system inexplicably crashes – causing huge lines and hours of disruption on one of the busiest travel days of the year, but officials dismiss suggestion of hacking Four young siblings are killed and a further six relatives are hospitalized by poisonous gas from MOUSE PESTICIDE sprayed under their home Don’t drop your life for your partner, avoid talking about your ex and NEVER become clingy: The six things you shouldn’t do if you want your relationship to last the distance United Airlines employee is found trapped in a plane’s baggage hold after a flight from North Carolina to Virginia So what DID happen the night George Michael died? Tweets about suicide. Rumors of drug abuse.

Syria rebels suspend talks with government over violations

The cease-fire deal brokered by Russia and Turkey is to be followed by talks between mainstream rebel factions and government representatives in the Kazakh capital of Astana. But in a statement posted late Monday, 10 rebel factions said they are suspending any talks related to the Astana negotiations or any discussions related to the cease-fire “until it is fully implemented.”

Juba University lecturers strike over detained colleagues

Academic lecturers have indefinitely suspended lessons at the South Sudan’s main University of Juba in protest to arbitrary detention of two academics. Academic staff president Philip Finish Apollo and natural resources lecture Zuher Sule were arrested on Thursday for holding a “secret meeting” after being suspended from the university by Vice Chancellor Prof.

Eight dead in suspected Sudan cholera outbreak: report

Eight people have died and 342 infected at several Sudanese states in a second wave of a suspected cholera outbreak within five months, said a report by the independent Central Committee of Sudanese Doctors. The report, which was seen by Sudan Tribune on Monday, said the preliminary tests of diarrhea samples proved they were cholera cases, pointing such cases are usually confirmed by a reference laboratory and announced by the Department of Epidemiology at the Health Ministry.

At Least 60 Killed In Prison Riot In Brazil

RIO DE JANEIRO, Jan 3 — At least 60 people were killed during a riot over the weekend at a prison in Brazil. The revolt which lasted nearly 20 hours started on Sunday afternoon as part of a rivalry between two criminal organizations at the Anisio Jobim Prison Complex in the city of Manaus.