China’s blind pursuit of ‘absolute nationwide safety’ could result in Soviet-style collapse, warns advisor –

Beijing: The blind pursuit of “absolute national security” combined with excessive defense spending may lead to a Soviet-style collapse, China’s top foreign policy adviser has warned the ruling Communist Party led by President Xi Jinping.

The pursuit of “absolute national security” can come at a high price, said Jia Qingguo, a member of China’s top political advisory body Chinese People’s Political Consultative Conference (CPPCC) and cited the collapse of the Soviet Union as evidence of the pitfalls of prioritizing military expansion over long-term security.

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The collapse of the Soviet Union, officially known as the Union of Soviet Socialist Republics or USSR and ruled by the Communist Party of the Soviet Union, has become an important lesson taught in the top Chinese Communist Party (CCP) schools across the country , to avert decisions that lead to his downfall.

Many Chinese leaders have frequently referred to the former USSR and asked the CCP to learn from its historical experiences.

Months after taking power in 2012, President Xi himself said that the collapse of party discipline led to the demise of the 20-million-strong Communist Party of the former USSR.

“If party members did and said what they wanted, the party would turn into a mob,” Xi said.

Jia, who was also a former dean of the School of International Relations at Peking University, says the unrestrained pursuit of security will drastically increase costs and drastically decrease benefits until the costs outweigh the benefits, according to Hong Kong based in southern China, the Morning Post reported on Sunday.

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“Ignore and blindly pursue the comparative nature of security [it] absolutely make the country less secure because of prohibitive costs and failing to achieve absolute security,” writes Jia, who sits on the CPPCC Standing Committee, in the latest issue of the bimonthly Journal of International Security Studies.

His 22-page article is full of thinly veiled criticism of hawkish prospects, the Post reported.

Too much emphasis on defense spending could trigger an arms race, making all countries involved less secure, writes Jia, himself a US affairs specialist.

He cites decades of massive defense spending by the Soviet Union as a prime example of the downside of ignoring long-term security that led to the final collapse of the Soviet Union in 1991.

“The result was that the Soviet Union lagged behind in economic development and was unable to sustain its massive defense spending. People’s lives have not improved for a long time and this has led to a loss of political support, he notes.

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“Actions like these sacrifice long-term interests for short-term gains and have greatly accelerated development [Soviet] Riot and collapse, he writes.

Since Xi took power, internal and external security has become central to CCP politics.

China’s military budget shot up to over $200 billion last year and is expected to increase further when the new budget proposals are announced in March this year.

However, Chinese analysts argue that unlike the Soviet Union, China paid the same attention to economic development that propelled the country to become the world’s second largest economy.

China’s economy grew 8.1 percent to $18 trillion in 2021, according to the latest official data.

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Xi also conducted the largest anti-graft purge in CPC history. Over the past decade, the CCP’s Central Commission for Disciplinary Inspection (CCDI) has conducted investigations and punished more than four million cadres, including nearly 500 high-ranking officials. More than 900,000 have been expelled from the party, about 1 percent of its 95 million members, according to another article in the Post.

Analysts say Xi’s emphasis on security and his anti-graft campaign in the name of strengthening the country and the CCP have boosted his popularity and helped him consolidate power in the party.

The 68-year-old Xi, who will complete a decade in power this year, is expected to continue for life as the once-every-five-year CPC Congress is expected to approve an unprecedented third five-year congress later this year. tenure for him, unlike all of his predecessors who retired after two terms.

The Party elevated him to the status of CCP founder Mao Zedong, which set him apart from other leaders.

His elevation was defended on the grounds that the party and the country needed strong leadership to face the tough challenges posed by the US, EU and other Western countries.

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Jia also warns in his article against an overemphasis on absolute security when it comes to supply chains.

“It is only by completely cutting off foreign trade and achieving economic independence that you can make it really impossible for other countries to exert pressure,” he writes.

But that would only reduce efficiency and let the country fall further behind, making the nation less secure, he warns.

“People concerned with security usually think of national security as the only value a country aspires to, as if once it is safe the country has achieved all its goals and its people are content,” he writes. “But that is not the case.”

The sole aim of maintaining security would also discourage companies from innovating and opening up to foreign companies, which would harm the overall efficiency of the economy, Jia adds.

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China has slammed US missile sanctions as hypocrisy

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WEF report warns of Covid inequalities fueling social tensions

Protesters hold up a banner reading “Covid slave ticket” as they protest against the mandatory vaccination campaign against SARSCoV2, Belgium.

Thierry Monasse | Getty Images News | Getty Images

New research by the organizers of the annual meeting in Davos in the Swiss Alps warn of inequalities due to the Coronavirus Pandemic that could spark domestic and cross-border tensions around the world.

This year’s Global Risks Report from the World Economic Forum describes a “global divergence” – where poorer countries have much lower Covid-19 vaccination rates and therefore have longer-lasting economic problems.

“Covid-19 and its economic and societal consequences continue to pose a critical threat to the world. Vaccine inequality and the resulting uneven economic recovery risk exacerbating social rifts and geopolitical tensions,” the report said on Tuesday.

“The resulting global divergence will create tensions – within and across borders – that could exacerbate the cascading effects of the pandemic and complicate the coordination needed to address common challenges.”

Aside from the catastrophic death toll, one of the most immediate effects of the coronavirus pandemic has been the resulting increase in inequality, many economists said. They found that many people have faced job insecurity or were unable to attend online training due to bans.

Richer countries used to have access to Covid-19 vaccines and many are already giving their citizens their third or even fourth dose of the vaccine. Meanwhile, poorer countries are struggling to get their populations even a first dose.

In Ethiopia, only 1.3% of people are fully vaccinated against Covid. In Nigeria it is 2.1% according to Our World in Data. By comparison, 62% of Americans in the US are fully vaccinated. In the United Arab Emirates and Portugal, that number is around 90%.

“There are big worries about existential crises – that’s actually number two on this list, so big worries about jobs and what’s going on in the labor market,” said Saadia Zahidi, Executive Director of the World Economic Forum, about the result of the Global Risk Report.

Speaking to CNBC’s Julianna Tatelbaum, she added, “There is this concern about mental crisis and it is eroding social cohesion. For example, there are 53 million new cases of depression, particularly due to Covid. “

Dark prospects

In the report, nearly 1,000 global experts and leaders from academia, business, civil society, government and other organizations said that societal risks “have deteriorated the most since the pandemic began.”

These specific risks included social cohesion and deterioration in mental health.

In addition, only 16% of respondents said they were positive and optimistic about the outlook for the world. In addition, only 11% said they believe the global recovery will accelerate.

The International Monetary Fund already estimated a global growth rate of 5.9% for 2021 and 4.9% for 2022. These projections were made before concerns about a new variant of Covid-19 known as Omicron arose.

Since then, the IMF has admitted that these numbers could be revised downwards because of new restrictions. However, the institution has stated that vaccinations will remain crucial to boost economic performance around the world.

“We screamed from the top of a mountain that [the] Pandemic is the greatest risk to the global economy. And we worked very hard to vaccinate the world. Progress is being made, not enough, “IMF executive director Kristalina Georgieva told CNBC in December.

Bubblicious used automobile costs rising sooner than bitcoin, Jim Bianco warns

Your car may be more valuable than what’s in your portfolio.

According to market researcher Jim Bianco, used car prices are rising faster than Bitcoin and other assets.

“If you want to know what’s the best investment you’ve likely had in 2021, it’s this car that’s in your driveway or garage,” the president of Bianco Research told CNBC.Trading nation“on Thursday.” It is appreciating faster than the stock market and lately faster than some cryptocurrencies. “

He bases his analysis on the Manheim used car price index, which is designed to track price developments in the market.

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“In the last four months the price has increased by more than 20%. Not only is this more than the S&P, but more than Bitcoin itself in the past four months, ”he said. “As of December 15th, the latest data we have is just accelerating. At least until now there has been no peak.”

Bitcoin is up about 5% over the past four months based on Thursday’s market close. the S&P 500 has increased by 26% so far this year.

Bianco cites two optimistic drivers in the used car market. The first are those that are falling out of new cars due to semiconductor shortages.

Read more about electric vehicles from CNBC Pro

Kelley Blue Book reports that car prices are at record highs. In November, the median price of a new car was $ 46,320 and a used car was $ 27,569, a 27% increase over the same time last year.

The second: speculators who want to turn vehicles over.

“What we see in used cars is a rush for people to buy them and a rush for people to speculate on them,” he noted. “Buy it now, it will only get more expensive.”

“Tell-Tale Signs of a Bubble”

It is clearly not your parents’ auto market.

“It has all the tell-tale signs of a bubble,” he said. “Used car prices are supposed to be a depreciation factor. They shouldn’t increase in price. But this year they have increased by 49%, let’s call it 50%.”

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Bianco suggests the shock with car price stickers reflects a bigger problem.

“That’s exactly what they have [Federal Reserve] I don’t want this to happen because that’s this self-reinforcing idea of ​​inflation, “he noted.

Last December on Trading Nation“Warned Bianco that 2021 could be the first inflationary comeback in a generation.

He believes inflation will fall in 2022, but its fall will be much slower than most people think. As for a peak in car prices, Bianco suggests it’s everyone’s guess.

“It could go on for another year. It could be two more weeks,” said Bianco. “The activity you’re seeing is likely bubbly.”

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WHO warns of rise in Covid instances throughout Europe for third consecutive week as restrictions are eased

A Covid patient breathes oxygen through a mask on October 13, 2021 in the sub-intensive care unit of the Casalpalocco Hospital south of Rome.

Alberto Pizzoli | AFP | Getty Images

Covid cases in Europe have increased for the third week in a row, World Health Organization officials said at a briefing on Wednesday, urging caution as temperatures drop and work, travel and leisure activities return to normal.

Europe is the only area of ​​the six WHO member states where cases are increasing, researchers wrote in an epidemiological update published on Tuesday. In the week leading up to Sunday, more than 1.3 million Covid cases were reported across the continent, a 7% increase from the seven days before.

“That’s three weeks of progressive increase,” said Dr. Mike Ryan, WHO Executive Director, Emergency Health Program, during a Q&A stream on the organization’s social media channels. “Although the overall global curve looks like it is going down, Europe has gone up for three weeks in a row.”

The situation in Europe is being driven in part by surges in the Czech Republic, Hungary and Poland, where Ryan said Covid cases rose 50% in the past week. With the coming winter, said Ryan, Covid is already beginning to weigh heavily on the health systems in some countries and is limiting the availability of intensive care beds.

Ryan blamed the increase, at least in part, on easing Covid restrictions.

“The northern hemisphere is approaching yet another winter and we just have to worry a little about this uptrend across Europe as we step into late, late, deep autumn,” said Ryan. “And as societies open up, we see these numbers increasing, and in a number of countries we are already seeing the health systems under pressure, we are seeing the number of available ICU beds falling.”

And as people prepare for the Christmas season for travel and face-to-face meetings, Ryan urged unvaccinated individuals to immunize themselves against the virus in hopes of preventing Covid outbreaks in the months ahead.

“There is good news in the sense that we are not seeing this massive increase, but it is still worrying even with relatively high vaccination rates,” he said.

In addition to the highly transferable Delta variant, which fueled the global Covid peaks in the summer, researchers are now observing a development of the strain that could be even more dangerous. Known as Delta Plus, Experts in the UK see the mutation in a growing number of Covid patients.

But there is currently no evidence that Delta Plus is more contagious than its predecessor, Prime Minister Boris Johnson’s spokesman said on Tuesday.

And amid a spike in Covid cases and deaths, Russian President Vladimir Putin is asking most workers to stay home for a week from October 30, according to the Associated Press. Russia reported a seven-day average of nearly 31,700 new Covid cases on Tuesday, up from more than 27,200 a week earlier, according to data compiled by Johns Hopkins University.

Protection Division warns local weather change will enhance conflicts

Troops from three California National Guard companies search a fire-ravaged neighborhood in Santa Rosa, California on October 14, 2017.

David McNew | Getty Images

Climate change poses a serious threat to US military operations and will create new sources of global political conflict, the Department of Defense wrote in its new Climate adaptation plan in this week.

Water scarcity could become a major source of friction or conflict between the US military overseas and the countries where troops are stationed, the department warned. She also expects that political efforts to curb food and water scarcity will lead to more frequent physical and cyber terrorist attacks by unknown third parties.

Extreme weather events aggravated by climate change, including droughts, storms and floods, have already cost the ministry billions of dollars, according to plan. An increase in extreme weather events will increase the demand for US troops while damaging military bases, compromising operational capabilities, and endangering soldiers.

Countries that endure conflict are disproportionately exposed to climate change. More than a dozen nations threatened by global warming are also embroiled in conflict. according to an index from the Notre Dame Global Adaptation Initiative. The combination exacerbates food and economic insecurity and weakens the ability of governments to provide assistance, the International Committee of the Red Cross said in a recent report.

“Climate change is an existential threat to our nation’s security and the Department of Defense must act quickly and boldly to meet this challenge and prepare for harm that cannot be avoided,” said Secretary of Defense Lloyd Austin. said in a statement.

“Our armed forces struggle every day with the severe and growing consequences of climate change, from hurricanes and forest fires that cause costly damage to US facilities and limit our ability to train and operate, to dangerous heat, drought and floods that can and do trigger crises Instability all over the world, “he said.

Troops, military facilities in danger

The Department of Defense was among the 20 federal agencies that Climate adaptation plans presented this week, exposing the greatest global warming threats to their operations and facilities and making suggestions on how to deal with them.

Shortly after taking office, President Joe Biden gave the authorities four months to develop plans as part of a nationwide approach to tackling climate change. The main themes in all plans include protecting workers from extreme heat events and strengthening supply chains against extreme weather conditions.

Climate change has made troop safety an important issue. Have at least 17 troops died of exposure to heat while exercising at U.S. military bases since 2008says the Pentagon.

Secretary of Defense Lloyd J. Austin testifies to the House Armed Services Committee on the completion of military operations in Afghanistan at the Rayburn House Office Building on Capitol Hill in Washington, DC, September 29, 2021.

Olivier Douliery | Swimming pool | Reuters

Training troops to operate in increasingly extreme weather conditions could also give the US a distinct advantage over its enemies, as “forces can operate in conditions where others seek protection or go down,” according to the plan.

The department said it has committed to using climate information to educate military planners about where and how military assets are at risk. It was recently released as a Climate assessment tool creates hazard indicators based on data from past extreme weather events and the effects of future sea level changes, floods, droughts, heat, soil degradation, energy demands and forest fires.

“We must take on these challenges as a team – from every corner of the Pentagon, on every one of our installations and bases, across the federal government, and together with our partners and allies,” said Austin.

Wayne County Sheriff’s Workplace warns of cellphone rip-off focusing on individuals for cash, threatening arrest

That Wayne County Sheriff’s Office warns residents of scammers posing as lieutenants or other officers to raise money, and even threatens to arrest people if they fail to pay.

Official, the said caller threatened arrest for an alleged violation and asked victims to buy a Green Dot or other type of prepaid card and “deposit the money immediately or risk immediate arrest”.

“Unfortunately, we see a lot of scams like this one year-round, where suspects scare innocent victims into giving money to avoid arrest,” said Undersheriff Mike Jaafar. “It’s a ruse we want to warn people about so they don’t fall for it if it happens to them.”

MPs warned local residents about a similar scam in January.

Regarding this particular scam, officials said people should know:

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  • You will never be called by an officer threatening arrest for a violation unless you pay something.

  • Never give money to someone you don’t know personally.

  • Call the police if you continue to receive such harassing calls.

“If in doubt, get the caller’s information and write down the incoming number on your phone in case you need to report this to the police. But I can assure you, no one from the Wayne County Sheriff’s Office will call you and ask for cash, ”Jaafar said.

Copyright 2021 by WDIV ClickOnDetroit – All rights reserved.

Baby Tax Credit score scams: IRS warns of thieves making an attempt to steal cash and private data

Less than a week after child tax credit payments began charging American families’ bank accounts, the IRS is already warning of potential thieves trying to steal the money.

The agency said there are several tactics scammers use over the phone, email, text message and social media to gain access to recipients’ personal information.

Families should know that any communication offering help with filing for child tax deduction or expediting monthly payments is likely to be a scam.

If you receive unwanted calls or messages, do not provide any personal information, click links, or open attachments.

This could lead to loss of money, tax fraud, identity theft and, since you would have to deal with it, a major headache.

While scammers are trying to get more innovative (imagine putting that energy into something productive!) There are still easy ways to find out if the IRS is really trying to contact you.

  • The IRS does not contact taxpayers via email, text message, or social media channels to request personal or financial information, including information related to child tax credit.
  • The IRS does not leave any pre-recorded, urgent, or threatening messages. Aggressive calls warning taxpayers of lawsuit or arrest are fake.
  • The IRS will not call taxpayers and ask them to provide or verify financial information so they can receive monthly child tax credit payments.
  • The IRS does not request payment by gift card, wire transfer, or cryptocurrency.

RELATED: Child Tax Credit Update Portal | Internal Revenue Service

If you are eligible for child tax credit prepayment, the IRS will use information from your 2020 or 2019 tax return to automatically register you for prepayments. That means you don’t have to take any additional action.

However, taxpayers who are not required to file a tax return or have not provided their information to the IRS can contact this page on the agency’s website to provide basic information for child tax deduction.

You can also report suspicious phishing and online fraud to the IRS.

The first payment of the extended child tax credit was made on July 15. Payments are made on the 15th of each month, provided that this does not fall on a weekend or a public holiday.

The amount of money you receive depends on your household income and the size of your family.

Use the calculator below to find out how much you can get under the new child tax credit. Your data will not be saved in any way.

Calculator is not displayed correctly? Click here to view in a new window.

The video above is a previous review that explains what you need to know about tax credit.

Copyright © 2021 KTRK-TV. All rights reserved.

WHO chief addresses IOC in Japan, warns of recent Covid wave

World Health Organization (WHO) Director General Tedros Adhanom Ghebreyesus will attend a daily press conference on COVID-19, the disease caused by the novel coronavirus, on March 11, 2020 at WHO headquarters in Geneva.

Fabrice Coffrini | AFP | Getty Images

The world is in the early stages of another wave of Covid-19 infections and deaths, World Health Organization director-general Tedros Adhanom Ghebreyesus said on Wednesday.

Speaking to members of the International Olympic Committee in Tokyo, Tedros said the global failure to share vaccines, tests and treatments is fueling a “two-pronged pandemic”. Countries with adequate resources like vaccines are opening up while others lock up to slow down the transmission of the virus.

Vaccine discrepancies around the world mask a “appalling injustice,” he added.

The pandemic is a test and the world is failing.

Tedros Adhanom Ghebreyesus

Director General, World Health Organization

“This is not only a moral outrage, but also epidemiologically and economically self-destructive,” Tedros said, adding that the longer the pandemic lasts, the more socio-economic turmoil it will bring. “The pandemic is a test and the world is failing.”

He warned: “19 months after the start of the pandemic and seven months since the first vaccines were approved, we are now in the early stages of another wave of infections and deaths”. Tedros added that the global threat from the pandemic will remain until all countries have the disease under control.

A festival of hope

The Tokyo Games will open on Friday after it was postponed last year due to the pandemic.

Rising Covid-19 cases in Tokyo have overshadowed the Olympics, which all spectators banned from the games this month after Japan declared a state of emergency.

Cases in the Japanese capital have more than increased 1,000 new infections daily in the last few days. Japan has reported more than 848,000 Covid cases and over 15,000 deaths nationwide from a relatively slow vaccine adoption.

The first positive Covid-19 case over the weekend to the sports village and so far more than 70 cases have been associated with the Tokyo Games.

On Wednesday, Tedros said the Games were a celebration of “something our world needs now more than ever – a celebration of hope”. While the pandemic may have postponed the Games, he said it did not “beat” them.

Vaccine discrepancies

Tedros criticized the vaccine discrepancies between rich and low-income countries. He said 75% of all vaccine doses – more than 3.5 billion vaccinations – were given in just 10 countries, while only 1% of people in poorer countries received at least one vaccination.

“Vaccines are powerful and indispensable tools. But the world has not used them well,” he said, adding that vaccinations have not been widely available but have been concentrated in the “hands and arms of the lucky few”.

The global health authority has called for at least 70% of the population in every country to be vaccinated by the middle of next year.

“The pandemic will end when the world chooses to end it. It’s in our hands, ”said Tedros. “We have all the tools we need: we can prevent this disease, we can test for it, and we can treat it.”

He called on the world’s leading economies, by sharing vaccines and funding global efforts to make them more accessible, and incentivizing companies to expand vaccine production.

Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics owns the U.S. broadcast rights to all Summer and Winter Games through 2032.

North Texas Girl Warns of Scams After Calls Requesting Cash on Present Playing cards – NBC 5 Dallas-Fort Price

A North Texas woman sends a warning to others after saying she was defrauded of $ 170,000.

The woman, who does not want to be identified, tells NBC 5 that she retired last year, and in April she says scammers called her and told her that someone opened 18 accounts on her behalf and was sending money to Colombia.

“There is no way I said I am not sending any money to Colombia and I have no 18 accounts, no bank accounts. If you have any more money from your accounts, you have to speak to someone,” said the woman.

She says they convinced her to send their money in the form of gift cards for safekeeping.

She says she finally found out about the scam when she tried to mail a box of $ 16,000, but the box was lost in the mail.

She called the police, hoping her story can serve as a warning to others.

“I hope it helps people. I really do.”

The woman says she got some money back, but not all of it.

Mid-South lady warns about cash switch app thefts

An East Memphis woman says she changed her bank card for some time, but the theft is still happening.

MEMPHIS, Tennessee –
A warning from a Middle South woman: watch your bank account carefully when using money transfer apps on your phone.

The woman said she has battled cash app theft for the past four months and is not alone. Thieves find all kinds of ways to steal your money.

So what can you do to protect yourself?

“Somehow they hacked into it and got into my bank account,” said Dorie Peeples.

Peeples is more than frustrated. Peeples said she has an ongoing problem with a thief who somehow withdraws cash apps, often small amounts several times a day.

She said she didn’t realize it until the money was withdrawn from her bank account.

While Peeples said she couldn’t find out who passed her, another Memphis man said he knew who took his money.

Tiffany Chism stood before the Shelby County Court this week on charges of stealing money from a man using a cash app. Police said she was working as a security guard and the man gave her his phone to help him fill out an online application.

CONNECTED: Federal officials warn of scams targeting senior buyers online

CONNECTED: Security guard accused of using the cash app to transfer money from a job seeker to himself

“Your mobile device has become one of the most important devices on the market. My whole life is in my mobile device. I would never give my mobile device to a party I didn’t know,” said Hank Word, chief technology officer at Bank and Developing Trust .

Just like there are a variety of different mobile money sharing apps out there, Word says there are different ways that scammers can access your information.

But there are things you can do to protect yourself.

“Everyone should investigate what security options there are and enable them all. It’s the best way to make sure that only you have access to your account, ”said Word.

While money-sharing apps can be convenient, Word warns that many don’t have the same level of protection as a transaction through a bank.

Most peer-to-peer payment companies have ways for consumers to file complaints, but that doesn’t mean you will get your money back.

“Because the accounts are not like a traditional bank account, they don’t get the same level of protection and support that the banking regulatory system offers,” said Word.

Word added that to be sure – always transfer your money out and don’t leave it in your app account.

“If you have money in some kind of wallet in an app and this money is not FDIC-insured – and then one day the app provider goes away for the weekend because they have a problem – then your money can be lost at that point in time because it’s not insured in a bank account, “said Word.

Peeples had to close her bank account and start over. She hopes she won’t be a victim again.

“All of my information is locked. I have tiered verifications for every single app. I literally had to change my passwords for everything.”