Senate on Friday overrode his veto for the first time in his nearly four years in office, pushing through a defense policy bill against his objections just weeks before he leaves office. Meeting seeming a rare New Year's Day session, senators voted to secure the two-thirds majority needed to override the veto with bipartisan support.
Eight Trump vetoes were upheld. This choice of leaving Europe, this Brexit, was the child of European malaise and lots of lies and false promises.
Lai had been granted bail on Dec. Lai is among a string of pro-democracy activists and supporters arrested by Hong Kong police in recent months as authorities step up their crackdown on dissent in the semi-autonomous Chinese territory. In a hybrid autocratic-capitalist model, capitalism is the means to generate wealth, but power is the end goal. Successful capitalists naturally begin to demand that their personal and property rights be protected from seeiing fiat.
Capital in the hands of entrepreneurs is a political resource; it poses a threat to womam implementation of centralized plans.
Zeeking and demands for civil rights are a threat to the regime and will be crushed. From —, the Soviet Union instituted a policy of economic liberalization, which allowed for the privatization of agriculture, retail trade, and light industry. This partial and temporary return to a controlled and limited capitalism, known as the New Economic Policy NEPsaved the Soviet economy from collapse and enabled Russia to modernize.
But, inStalin suddenly reversed course: He collectivized agriculture and liquidated the most prosperous farmers, thereby necessitating the frequent resort to grain imports, notably from the United States. With liberalization, international businesses were invited into China.
The price was high: the Chinese regime demanded that they work with and train local firms. This arrangement led to widespread theft of intellectual property, and soon enough, domestic competitors displaced their international rivals in the domestic market, often with the help of government subsidies. CCP-sponsored firms leveraged domestic dominance to enter the international marketplace, undercutting their competitors worldwide.
Uber is one recent case of this phenomenon.
There are countless others. Now that the West is waking up to this game, the inflow of capital to China is slowing.
That seems unlikely; it is too far entrenched to be uprooted quickly. But the freedom of action accorded to Chinese companies and executives is already being dramatically curtailed as Xi Jinping asserts explicit political control over the economy.
Western competitors in the global market should finally recognize that their Chinese competitors are both at the mercy of the CCP and backed by instruments of state power. The central conceit of Chinese relations with the West has been that while political authority is monopolized by the CCP, Noww has a free-market economic system, and should be treated as a free-market trading partner.
This was always a convenient fiction. But whatever distance might have existed in the past between economic and political activity in China has disappeared as the party takes control of nominally independent companies.
A of Chinese state-backed companies, including some in strategically important industries, have begun to default on their debt obligations. Will international creditors be allowed to claim the assets? Will the equity holders — in many cases the CCP or regional and local governments in China — be wiped out? If these companies are bailed out by the government, will domestic and foreign debt-holders be treated equally?
Or will foreign creditors find their assets wiped out, while these companies continue operating under nominally new ownership and perhaps a new corporate brand? It seems a safe bet that foreign debts will be repudiated, either explicitly or implicitly.
Your gifts and prayers have been a foundation and base from which the Mission has reached out to people looking for help. The need is great, and through a multitude of programs, people have found refuge from the streets, weeking place to recover from hospitalization, an opportunity to build life skills, and a home from which they can begin to work before becoming independent and self-sustaining.
We have practiced safety measures as prescribed. When the Mission found it necessary to rent houses for its programs, little did we know that being able to house individuals in a house would be a ificant benefit during a pandemic.
Each one of our houses is a home where our participants have isolated together, protecting them from the virus. It has been necessary during these months to quarantine people before entering one of our programs.
Our Service Coordinators, who provide counseling and help with goal setting, and our Peer Navigators, who provide transportation and help participants in accomplishing their goals, all work to protect both themselves and our participants. During these past few months, construction has begun on three acres of our new five-acre campus, Village of Hope, One block south of the Merced County Fair Grounds a new bed facility for Hope Respite Care and two apartment buildings, one for Veterans who are experiencing homelessness and one for families with young children who are experiencing homelessness.
Commercial Construction Company of Merced is the contractor, and Golden Valley Engineering of Merced is the architect and engineer - with an estimated completion date of November