Free Republic

It has been a long time since the West dominated shipbuilding or steel making. We are already aware that we are losing ground in consumer goods, as well as in finance and transport. Add it all up, and we no longer expect the US, Europe or its allies to control the global market in most major industries. Still, even as other industries lost ground there was one thing most economists and industrial experts would have felt sure we could rely on: Apple. Whatever else happened, nothing would knock its world-beating iPhone — without question the world’s most profitable product —...

Cocaine Mitch may be onto something. Last week, the senator called on his colleagues to pass a bill banning TikTok unless it is sold by its Chinese parent company, ByteDance. Now ex-TikTok employees are coming forward with stories detailing the company’s entanglement with China. The bill to ban TikTok or force its sale is still stalled in the Senate, but McConnell may be one step closer to his dream. On Sunday, Democratic senator and chair of the Senate Commerce Committee Maria Cantwell said she wants to end China’s control of TikTok and push the vote on the bill “sooner as...

Russian President Vladimir Putin insisted last August that a drop in the importance of the U.S. dollar was "irreversible"—but there appears to be no sign that the global economy is turning its back on the greenback. "The U.S. Dollar was used in 48% of international payment transactions last year, the highest level in more than a decade. But Brics...," it said next to the graph, which showed the euro making 23.2 percent of transactions and the Chinese yuan way behind at 3.47 percent. "BRICS countries would like their currencies to be used in world trade, but each has a major...

It’s well known that China won’t stand for any criticism. There, opponents of the communist regime are simply not tolerated. But it seems Beijing now thinks it also has the right to ignore international borders and silence dissent anywhere it sees fit. Around the world it’s setting up illegal outposts called “Chinese Overseas Police Service Stations”, and as the name implies, the objective of these offices is clear. Our law enforcement agencies deny there are any of these stations in Australia, even though Chinese authorities openly publicise their existence. But as Tara Brown reports in a special 60 MINUTES investigation,...

Authorities are investigating the events that led up to the ships crash into the bridge, causing the collapse. ... The FBI has opened up a criminal investigation into the collapse of the Francis Scott Key Bridge in Baltimore, Maryland after a boat crashed into it last month. ... The boat reportedly lost power briefly before veering one of the bridge's support, sending the bridge cascading into the water below. Six lives were lost. On Monday, federal agents boarded the crashed boat to conduct a search. Agents wore yellow and orange life jackets as they boarded the Dali, standing where it...

The US Air Force has 140 of its biggest warplanes – its heavy bombers – in active service: 76 Boeing B-52Hs, 44 Boeing B-1Bs and 20 B-2 stealth bombers built by Northrop Grumman. .. Any other air force might content itself with 140 bombers and redistribute the lost bomber’s operating budget. But the US Air Force is counting on the B-1 to play a lead role in a possible air war over the Taiwan Strait. It’s such a high priority that the service is spending millions of dollars recovering, from long-term storage, a surplus B-1 nicknamed “Lancelot” that’s been sitting...

In the midst of all its other woes, the Islamic Republic of Iran has just suffered the worst economic collapse of its existence: the Iranian rial has lost 30% of its value overnight.

North Korean leader Kim Jong Un said in a speech before his state's military academy that Pyongyang must be more ready for war than ever. He based his warning on "the complicated international situation and the unsafe and unstable military and political situation around North Korea." "If the enemy dares to attack North Korea, we will hit him without hesitation, making use of all available resources," Kim said. In addition, he instructed his forces to be prepared with a "mental, ideological, moral, and tactical" advantage.

>Maybe it’s time we all start learning Mandarin.According to a report published by the Daily Caller News Foundation (DCNF) yesterday, “Chinese military companies” have paid D.C. lobbyists tens of millions of dollars in just the past few years alone—but as you might expect, neither the companies nor the lobbying firms responded to the outlet’s “request for comment” on the matter.Here are the details, via the DCNF exposé:Chinese Military Companies Have Spent Over $24 Million Lobbying The US Gov’t In Recent YearsEntities the Pentagon classifies as ‘Chinese military companies’ have spent more than $24 million lobbying the U.S. government since 2020,...

Multiple senior members of conservative President Yoon Suk-yeol’s administration and the head of his People Power Party (PPP) tendered their resignations on Thursday after vote counts confirmed that the left-wing Democratic Party decisively took over the National Assembly in Wednesday’s midterm election. The Democrats overcame a chaotic campaign season in which leader Lee Jae-myung survived a would-be assassin stabbing him in the neck. The day he was released from the hospital, three members of his party defected, protesting that Lee was running an authoritarian and corrupt “regime” within the party. Lee was in court on Tuesday for a hearing addressing...

TOKYO -- The global wheat market has been hit by Chinese buyers canceling major shipments, seemingly in an attempt to secure better prices and bolster the country's food security. Benchmark Chicago wheat futures are trading at about $5.50 per bushel, up slightly from a three-and-a-half-year low marked in mid-March but down about 10% from the beginning of the year. The U.S. Department of Agriculture last month said 504,000 tonnes of wheat sales to China had been canceled. The figure is equivalent to about half the total U.S. wheat shipments to China in 2022 and the largest cancellation on record going...

The U.S. and China are deepening co-operation on financial stability issues, Treasury Secretary Janet Yellen said on Monday, with more simulations of financial shocks due after a recent exercise on tackling the failure of a large bank. Wrapping up four days of meetings in China, Yellen issued a stern warning to Chinese banks that facilitating transactions providing material support or dual-use goods to Russia for its Ukraine war effort would lead to "significant consequences."

Apple produced $14 billion worth of iPhones in India over the last fiscal year, according to a report from Bloomberg on Wednesday. The company has been pushing to diversify its supply chain as relations between the U.S. and China have soured. Apple now makes around 14% of its iPhones in India, which is double the amount it produced there last year, the report said.Apple produced $14 billion worth of iPhones in India over the last fiscal year, a sign of the company's continued effort to manufacture more devices outside of China, a report from Bloomberg said Wednesday. As relations between...

How vast was the Great COVID Cover-up? Well, my investigation has recently discovered government officials from 15 federal agencies knew in 2018 that the Wuhan Institute of Virology was trying to create a coronavirus like COVID-19. These officials knew that the Chinese lab was proposing to create a COVID 19-like virus and not one of these officials revealed this scheme to the public. In fact, 15 agencies with knowledge of this project have continuously refused to release any information concerning this alarming and dangerous research. Government officials representing at least 15 federal agencies were briefed on a project proposed by...

Australia is preparing for war in order to avoid it. Their historic new increase in defense spending and China’s dependence on them for iron ore make them an important ally. Australia’s defense funding for 2024 will be $35 billion USD, just over 2% of their GDP, and up from $20 billion in 2021. They’ve signed a new trilateral security agreement with the United States and United Kingdom that will give the Australian Navy a new weapon that only 6 other nations in the entire world have. Major upgrades are being made to their northern army, air and naval bases. But...

India has seized assets worth approximately $725 million from Xiaomi India after the country’s anti-money laundering agency found the subsidiary had broken local foreign exchange laws. According to Reuters, India’s Enforcement Directorate announced Saturday it recently determined Xiaomi had made illegal remittances when it attempted to pass off some transfers as royalty payments. That money went to three foreign companies, including one under the wider Xiaomi banner. The Enforcement Directorate found Xiaomi designed the payments to benefit itself. "Such huge amounts in the name of royalties were remitted on the instructions of their Chinese parent group entities," the agency said....

President Obama recently shifted authority for approving sales to China of missile and space technology from the White House to the Commerce Department -- a move critics say will loosen export controls and potentially benefit Chinese missile development. "It's as though Commerce's mishandling of missile-tech transfers to China in the 1990s never happened," said Mr. Sokolski, a former Pentagon proliferation specialist. "But it did. As a result, we are now facing much more accurate, reliable missiles from China." Mr. Sokolski said he expects the U.S. government under the new policy to again boost Chinese military modernization through "whatever renewed 'benign'...

Turkish Cypriot leader Ersin Tatar warned on Friday that “one tiny mistake” could turn Cyprus into “a new Gaza”. Tatar, not recognized as a head of state by the international community, also suggested that Azerbaijan, Bangladesh, and Pakistan may soon recognize the north. Turkey is the only country that recognizes the so-called Turkish Republic of Northern Cyprus. in an interview with the British newspaper The Daily Telegraph, said, “A mistake or a misunderstanding such as the shooting of a Turkish soldier on the Green Line… would provoke a bomb between the two populations.” “If you shoot one Turkish soldier, you...

Big trouble may be brewing in little Moldova, which is starting to look like a staging area for the European Union to offset an emerging Russian victory in Ukraine. Whether such a plan, if attempted, would succeed is not clear. But Moldova is not the most stable country in the world with the nation split between pro-EU and pro-Russian elements. US troops are now in Moldova with Romanians, ostensibly for a military exercise called JCET 2024 (Joint Command Exchange Training). The exercise started on April 1 and will continue until April 19. According to a Moldovan Ministry of Defense statement,...

IT is ChINA’S gravest economic test since the most far-reaching of Deng Xiaoping’s reforms began in the 1990s. Last year the country achieved growth of 5%, but the pillars of its decades-long miracle are wobbling. Its famously industrious workforce is shrinking, history’s wildest property boom has turned to bust and the global system of free trade that China used to get richer is disintegrating. As our reporting explains, President Xi Jinping’s response is to double down on an audacious plan to remake China’s economy. Blending techno-utopianism, central planning and an obsession with security, this sets out China’s ambition to dominate...