28 July 2016   Leave a comment

China and Russia have announced that they are going to holding joint naval exercises in the South China Sea in September. The announcement raises tensions in the area since Russia has strongly backed China’s maritime claims in the region.  China and the US have been playing cat and mouse in the South China Sea, but the rules of interaction have been fairly civil and non-provocative.  The same cannot be said for Russia air activities close to NATO’s eastern border and over Syria.

We are beginning to get solid economic data from Great Britain after the Brexit vote, and the preliminary information suggests that the British economy has taken a big hit with rising unemployment and a sharp drop in consumer confidence.  The critical question right now is whether these preliminary results simply reflect the shock of the vote or a more structural change in the British economy.  And the question after that is how the EU will navigate difficult economic times without the British.

The opening ceremony for the Summer Olympics is a week away.  It was awarded to Brazil several years ago when the Brazilian economy was one of the top-performing economies in the world.  Since that time, however, the economic and political situation in Brazil has deteriorated precipitously.  Today protesters stole the Olympic torch as it was being passed to the city of Rio de Janeiro and extinguished the flame.  The protesters believe that all the money being spent on the Olympics should have been spent on the people of Brazil.

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Posted July 29, 2016 by vferraro1971 in World Politics

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