China’s local governments may have accumulated 40 trillion yuan ($5.8 trillion) of off-balance sheet debt, or even more, suggesting further defaults are in store, according to S&P Global Ratings.
The Trump administration is railing against Chinese currency manipulation without any regard for the yuan’s actual ups and downs.
President Trump reiterated his complaints that the Federal Reserve is raising short-term interest rates too fast, calling the U.S. central bank “my biggest threat.” “It’s independent so I don’t speak to him, but I’m not happy with what he’s doing, because it’s going too fast,” Mr.
Modern American military history is replete with examples of poorly designed weapons. Submarine torpedoes failed to explode after hitting Japanese ships. M16 rifles only could be counted on to jam in the middle of a firefight in Vietnam.
Artesia is the first facility created as a part of the Obama administration’s swift, large-scale expansion of family detention facilities, used to hold women and young children arriving at the border.