----Every year that is exactly divisible by four
is a leap year, except for years that are exactly divisible by 100, but these
centurial years are leap years if they are exactly divisible by 400. For
example, the years 1700, 1800, and 1900 are not leap years, but the years 1600
and 2000 are.
The calendar was a revision of the Julian
calendar and had two aspects.[Note
1] It shortened the average (calendar) year by 0.0075 days to stop
the drift of the calendar with respect to the equinoxes.[3]
To deal with the drift since the Julian calendar was fixed, the date was
advanced 10 days; Thursday 4 October 1582 was followed by Friday 15 October
1582.
In the stock casinos this morning, a pause. But for how
long?
Most of yesterday’s real-world news was bad. In America a
scandal broke in the NY Post over candidate Biden’s ties to his son’s
suspicious Ukrainian business dealings. It was promptly censored on Facebook
and Twitter. Hmm, why?
The on again, off again US financial rescue package went
off again. There will be no relief deal until after the US elections on November
3rd.But what if there’s no
rescue deal until well into January?
Trade war team Trump is about to escalate its attack on
China’s firms.
New Covid infections continue to soar in the USA, most of
Europe and India. Reports surfaced the China was aware of cases similar to
Covid-19 in Wuhan in late September. Hmm.
In Europe, GB and the rump-EUSSR have reached Brexit
trade deal or no deal day. No deal looks like a winner to me. But the “free lunch”
bill for all won’t come in for all until next year.
In normal times, bad enough to cause a stock sell-off. But
we are living in far from normal times.
Seven central banks and the BIS release a
report assessing the feasibility of publicly available Central Bank Digital Currencies
in helping central banks deliver their public policy objectives.
To which dinosaur Graeme can only say everyone now needs
to own some fully paid up, securely held, physical gold and silver as insurance.
Our market rigging crooked central banksters now see a gigantic car crash right
ahead.
Global shares slip on pandemic
surge, failing stimulus hopes
October
15, 2020
WASHINGTON
(Reuters) - The U.S. State Department has submitted a proposal for the Trump
administration to add China’s Ant Group to a trade blacklist, according to two
people familiar with the matter, before the financial technology firm is slated
to go public.
It was not immediately clear when the U.S. government agencies that
decide whether to add a company to the so-called Entity List would review the
matter.
The move comes as China hardliners in the Trump administration are
seeking to send a message to deter U.S. investors from taking part in the
initial public offering for Ant Group. The dual listing in Shanghai and Hong
Kong could be worth up to a record $35 billion.
The latest swipe at China also comes in the run-up to the Nov. 3
election, in which U.S. President Donald Trump, trailing in the polls against
his Democratic rival Joe Biden, has made a tough approach to China an important
foreign policy platform.
While the Alipay payment app is currently unavailable for American users
in the United States, according to a spokesperson for Ant, Trump administration
officials fear the Chinese government could access sensitive banking data
belonging to future U.S. users.
A powerful security panel known as the Committee on Foreign Investment
in the United States (CFIUS) stopped its $1.2 billion bid to buy the money
transfer company Moneygram in 2018 over national security risks.
UK urged to conclude trade deal
with EU to limit Brexit cost
By PAN
PYLAS 14 October, 2020
LONDON (AP) — A leading international economic
watchdog urged the British government to conclude a free trade agreement with
the European Union in the coming days and weeks to support the recovery from
the coronavirus pandemic.
In its latest survey of the the British
economy, the Paris-based Organization for Economic Cooperation and Development
said Wednesday that a
trade deal that ensures a close relationship will minimize the costs of
Brexit.
The OECD, which monitors and advises its 37
member countries, said the British economy will likely end this year 10.1%
smaller than it started following the spring slump when a national lockdown was
imposed to suppress the coronavirus outbreak.
Though the British economy recovered around
half the output lost during the summer, when the lockdown was eased, the
resurgence of the virus in the past few weeks has led to further government
restrictions on businesses, both nationally and locally. As a result the
economy is set to lose steam and potentially fall back into recession during
the winter.
The OECD warned that the economy will be
further hobbled by a rise in unemployment, which has been largely held in check
this year by a wage support program. With that ending this month, the OECD is
forecasting a spike in unemployment to 5.3% by the end of this year from 4.3%
at present.
The organization warned that the economy won’t
have recovered all the ground lost during the pandemic by the end of 2021 as it
is estimating growth of 7.6% for next year - assuming the U.K. and the EU will
have reached a free trade arrangement.
Alvaro Pereira, on OECD director, said in a
news conference that any form of Brexit “obviously compounds” the economic
effects of the pandemic but that a trade deal would “help minimize the impact.”
Though the U.K. left the bloc on Jan. 31, it is
in a transition period that sees it remain within the EU’s tariff-free single
market and customs union until the end of this year.
Finally, where our failing Great Nixonian Error of fiat
money is heading. Worthless digital currency, big brother tracking, and
serfdom. Things must be really bad given this level of central bankster
desperation.
Central banks and BIS publish
first central bank digital currency (CBDC) report laying out key requirements
Press
release |
09
October 2020
Seven central banks and the BIS
release a report assessing the feasibility of publicly available CBDCs in
helping central banks deliver their public policy objectives.
Report outlines foundational principles
and core features of a CBDC, but does not give an opinion on whether to
issue.
Central banks to continue
investigating CBDC feasibility without committing to issuance.
A group of seven central banks together with the Bank for
International Settlements (BIS) today published a report identifying the
foundational principles necessary for any publicly available CBDCs to help
central banks meet their public policy objectives.
The report, Central bank digital currencies: foundational principles
and core features, was compiled by the Bank of Canada, the Bank of
England, the Bank of Japan, the European Central Bank, the Federal Reserve,
Sveriges Riksbank, the Swiss National Bank and the BIS, and highlights three
key principles for a CBDC:
Coexistence with cash and
other types of money in a flexible and innovative payment system.
Any introduction should
support wider policy objectives and do no harm to monetary and financial
stability.
Features should promote
innovation and efficiency.
The group of central banks will continue to work together
on CBDCs, without prejudging any decision on whether or not to introduce CBDCs
in their jurisdictions.
The Arctic winter sea-ice expansion and
northern hemisphere snow cover. From around mid-October, the northern
hemisphere snow cover usually rapidly expands, while the Arctic ice gradually
expands back towards its winter maximum.
Over simplified, a rapid expansion of
both, especially if early, can be a sign of a harsher than normal arriving norther
hemisphere winter. Perhaps more so in 2020-2021 as we’re in the low of the
ending sunspot cycle, which possibly also influenced this year’s record
Atlantic hurricane season.
Adding to this year’s winter concerns,
a developing La Nina weather pattern in the Pacific. While the La Nina effect
on the winter weather of western Europe is weaker than that of an El Nino
pattern, which tends to make for a milder winter, a La Nina pattern tends to
make for a colder winter.
"We
shouldn't pour cold water on everything.We, the eight or nine players in global investment banking, have a very
good future."
Deutsche
Bank, CEO Josef Ackermann. Davos, January 2007.
Davos 2021
cancelled due to Covid-19.
Covid-19 Corner
This
section will continue until it becomes unneeded.
Europe Beefs Up Measures; India’s
Covid Cases: Virus Update
Bloomberg News
Updated on October 15, 2020, 5:49 AM GMT+1
Europe intensified efforts to stem a resurgent coronavirus outbreak,
with France announcing further restrictions and London set for a clampdown.
Record cases were reported from Italy to the Czech
Republic. The virus’s comeback in the U.S. has reached the vast majority of the
country, with trends worsening in 46 states and the nation’s capital. India reported
fewer than 70,000 cases for the fourth straight day, though daily infections are
still higher than in the U.S.
In China, the head of the local health authority in Qingdao
was suspended after an outbreak in the city, echoing moves made in Wuhan
earlier in the year. Japanese drugmakers said they don’t think they can roll out a possible vaccine until
2022.
Key
Developments:
Global Tracker:
Cases pass 38.4 million; deaths top 1.09 million
Covid’s deadly U.S. comeback widens, spreads
to 46 states
Who’s succeeding against the
coronavirus and why: QuickTake
FDA chief says vaccine-trial
halts about safety, not politics
How do people catch
Covid-19? Here’s what experts say: QuickTake
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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