The Habeas
Corpus Act 1679 is an Act of Parliament in
England (31 Cha. 2 c. 2) during the reign of King
Charles II.[2] It was
passed by what became known as the Habeas Corpus Parliament to
define and strengthen the ancient prerogative writ of habeas corpus, which
required a court to examine the lawfulness of a prisoner's detention and thus
prevent unlawful or arbitrary imprisonment.[3]
----In
criminal matters other than treason and felonies, the act gave prisoners or
third parties acting on their behalf the right to challenge their detention by
demanding from the Lord Chancellor, Justices of the King's Bench, and
the Barons
of the Exchequer of the jurisdiction a judicial review of
their imprisonment. The act laid out certain temporal and geographical
conditions under which prisoners had to be brought before the courts. Jailors
were forbidden to move prisoners from one prison to another or out of the
country to evade the writ. In case of disobedience jailers would be punished
with severe fines which had to be paid to the prisoner.
----The clerk
recorded in the minutes of the Lords that the "ayes" had fifty-seven
and the "nays" had fifty-five, a total of 112, but the same minutes
also state that only 107 Lords had attended that sitting.[8] The King arrived shortly thereafter and gave Royal
Assent before proroguing Parliament. The Act is now stored in the Parliamentary Archives.
Bunker time! The USS
battleship Trump has promised to fire a very powerful salvo at China’s
battleship Xi by the week’s end.
It’s hard to see how
President Trump, infamous for his many policy U-turns, can U-turn from yesterday’s
pronouncement. It’s hard to see Trade War Team Trump merely firing a peashooter
at China after President Trump’s braggadocio bluster yesterday.
It’s hard to see
China’s President Xi merely offering the other cheek if hit with a very
powerful salvo over Hong Kong.
That this is the last
thing that the struggling global economy needs at this time, is probably the
understatement of the week, if not the year.
Still, if it helps
keep people unemployed in the US economy, that’s an added bonus for the two
thirds of the US unemployed, that a study by the University of Chicago says, make
more on unemployment benefits than by being employed.
It’s a funny old
world in the land of the Magic Money Tree, still I think I might buy a little
more gold and silver before the shooting starts.
Below, yesterday’s latest
instalment on the road to war with China.
President Donald Trump, asked about the possible sanctions at
the White House on Tuesday, said his administration is “doing something now”
that he will unveil later this week.
“It’s something you’re going to be hearing about over the next
-- before the end of the week,” Trump said. “Very powerfully, I think.”
Asian shares slip as new Hong
Kong tensions rise
May 27, 2020 / 2:00
AM
TOKYO/NEW YORK
(Reuters) - Asian shares slipped on Wednesday as investor concerns about rising
tensions between the United States and China tempered optimism about a
re-opening of the world economy.
U.S. President Donald Trump said late on Tuesday he is
preparing to take action against China this week over its effort to impose
national security laws on Hong Kong, but gave no further details.
Hong Kong shares led declines among major regional indexes,
with Hang Seng .HSI
falling 0.46%, though it kept a bit of distance from a two-month low touched on
Monday. MSCI's ex-Japan Asia-Pacific index lost 0.12%, with mainland Chinese
shares .CSI300
down a similar amount. Japan's Nikkei .N225 was
almost flat.
Worsening relations between the world’s two biggest
economies could further hobble global business activity, which is already under
intense pressure due to the coronavirus pandemic.
E-Mini futures for the S&P 500 rose 0.4%, reclaiming
the 3,000 chart level. The index had cleared 3,000 points in Wall Street
overnight before pulling back, as some traders returned to the New York Stock
Exchange floor for the first time in two months.
“The S&P 500 looked to be set to close above 3,000
until the late headline that the United States was considering a range of
sanctions on Chinese officials and businesses should China go ahead with its
legislation regarding Hong Kong,” analysts at the National Australia Bank said
in a note.
“The extent of those possible sanctions is uncertain,” the
analysts said.
China’s plans to impose national security laws in Hong Kong
have triggered the first big street unrest in the Asian financial hub since
last year.
Overnight, hundreds of riot police took up posts around
Hong Kong’s legislature in anticipation of protests on Wednesday.
Still, the index of world’s 49 stock markets stood near 2
1/2-month highs, having gained 2.6% so far this month on hopes of economic recovery
in the developed world as countries ease social restrictions.
The U.S. is considering a range of sanctions to punish
China for its crackdown on Hong Kong, people familiar with the matter said, as
the Trump administration weighs whether to declare the former colony has lost
its autonomy from Beijing.
The Treasury Department could impose controls on
transactions and freeze assets of Chinese officials and businesses for
implementing a new national security law that would curtail the rights and
freedoms of Hong Kong citizens. Other measures under consideration include visa
restrictions for Chinese Communist Party officials, according to two of the
people.
Inter-agency discussions are ongoing and no decision has
been made on whether or how to employ the sanctions, said the people, who spoke
on condition of anonymity because the moves are still under consideration.
President Donald Trump, asked about the possible sanctions
at the White House on Tuesday, said his administration is “doing something now”
that he will unveil later this week.
“It’s something you’re going to be hearing about over the
next -- before the end of the week,” Trump said. “Very powerfully, I think.”
A Treasury Department spokeswoman declined to comment.
The news curbed a rally in equity markets, sending the
S&P 500 to session lows in the final half hour of trading. Stocks had been
looking past the escalating tensions with China to focus on mounting signs that
the worst of the coronavirus pandemic’s blows to the economy had passed.
Chipmakers and megacap tech firms that have large dealings with China bore the
brunt of the selling.
The State Department is to certify Hong Kong’s autonomy
under the Hong Kong Human Rights and Democracy Act that Trump signed into law last
year -- and a negative determination could see the U.S. reconsider Hong Kong’s
special trade status. A senior administration official said the certification
announcement could come within a week and said it was doubtful that the U.S.
could certify Hong Kong’s autonomy under current circumstances.
China’s economic strategy shift shows
Xi Jinping is preparing for ‘worst case scenario’, analysts say
·The Chinese president said that Beijing was
pursuing a new development plan, focusing on its domestic market rather than an
export-led growth model
·China’s economy is under pressure from the
coronavirus, as well as escalating trade war and technology tensions with the
United States
Frank Tang in Beijing Published: 10:00pm, 25 May, 2020
China’s move to double down on a pivot away from export-led growth in
favour of
developing its domestic market reflects a strategic shift by
Beijing to prepare for the “worst case scenario” after the coronavirus
pandemic, according to analysts.
President Xi Jinping told dozens of top economic advisers in Beijing at
the weekend that China was pursuing a new development plan in which “domestic circulation plays the dominant role”.
“For the future, we must treat domestic demand as the starting point and
foothold as we accelerate the building of a complete domestic consumption system,
and greatly promote innovation in science, technology and other areas,” Xi said
in comments published by the official Xinhua News Agency.
Xi’s remarks suggest that Beijing is moving
towards giving up the “great international circulation” strategy adopted in the
1990s that helped fuel its growth to become the world’s second-largest economy.
“It’s a kind of preparation for the worst-case scenario, including the
decoupling with the United States and even the whole Western world,” said Hu
Xingdou, a Beijing-based independent economist.
Hu said China has no choice but to face the adversity, but warned that
it must not undo its market reforms and not go back to the closed nature of a
command economy where the central government makes all economic decisions.
Instead, Hu said China should expend more effort convincing the rest of
the world that it has no intention of building an economic model that is
different from the current global system.
Following the markets on both sides of the Atlantic since 1968. A dinosaur, who evolved with the financial system as it was perverted from capitalism to banksterism after the great Nixonian error of abandoning the dollar's link to gold instead of simply revaluing gold. Our money is too important to be left to probity challenged central banksters and crooked politicians.
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