Miscellaneous News

Gatekeeper

Brigadier
Registered Member
Well this shows the character of the USA on human rights. We lie, we cheat, we steal Pompeo apparently have different standards for human rights. Who would have guessed!

Pompeo says US should limit which human rights it defends
By BEN FOXJuly 16, 2020

WASHINGTON (AP) — Secretary of State Mike Pompeo argued Thursday for a more limited U.S. view of global human rights advocacy based on the principals laid out by America’s Founding Fathers, a suggestion critics assumed meant stepping away from more modern concepts such as support for women and the LGBQT communities around the world.

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localizer

Colonel
Registered Member
Well this shows the character of the USA on human rights. We lie, we cheat, we steal Pompeo apparently have different standards for human rights. Who would have guessed!

Pompeo says US should limit which human rights it defends
By BEN FOXJuly 16, 2020

WASHINGTON (AP) — Secretary of State Mike Pompeo argued Thursday for a more limited U.S. view of global human rights advocacy based on the principals laid out by America’s Founding Fathers, a suggestion critics assumed meant stepping away from more modern concepts such as support for women and the LGBQT communities around the world.

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"Property" to give casus belli to invade other nations.
"Religion" to give right to interfere with other nations' domestic affairas.
 

supercat

Major
Unalienable property rights? Really? Try to skip paying your property tax and see what happens:
A Michigan Man Underpaid His Property Taxes By $8.41. The County Seized His Property, Sold It—and Kept the Profits.
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Religious rights? How about all those millions of Muslims who were killed, maimed, and displace by U.S. directly and indirectly through their open support of Syria and Libya "freedom fighters" and their covert support of ISIS? How about all those Palestinians under the boot of Israel? The hypocrisy stinks to high heaven!
 

localizer

Colonel
Registered Member
Unalienable property rights? Really? Try to skip paying your property tax and see what happens:
A Michigan Man Underpaid His Property Taxes By $8.41. The County Seized His Property, Sold It—and Kept the Profits.
Please, Log in or Register to view URLs content!

Religious rights? How about all those millions of Muslims who were killed, maimed, and displace by U.S. directly and indirectly through their open support of Syria and Libya "freedom fighters" and their covert support of ISIS? How about all those Palestinians under the boot of Israel? The hypocrisy stinks to high heaven!

@Gatekeeper

When US talks about "rights" it's more about the "right" to screw with other countries under the guise of freedom and democracy and human rights.
 

Red Moon

Junior Member
Does the 37% annualized refer to the fact that GDP decreased by 9% in Q2? Otherwise there is no way they could hit only -6.6% for full 2020 considering Q1 was already -5% and I doubt that there will be positive growth in Q3.
The full year "prediction" is simply pie-in-the-sky. Sure, it assumes a huge turnaround in the third quarter. That's the way it was supposed to be, since the talk was all re-opening back in June. Obviously, things are moving in the opposite direction and Covid cases are still rising exponentially. As to the second quarter, 37% annualized works out to an 11% drop for the quarter (fourth root of .63), and a 12% drop for the first half.
 

localizer

Colonel
Registered Member
The full year "prediction" is simply pie-in-the-sky. Sure, it assumes a huge turnaround in the third quarter. That's the way it was supposed to be, since the talk was all re-opening back in June. Obviously, things are moving in the opposite direction and Covid cases are still rising exponentially. As to the second quarter, 37% annualized works out to an 11% drop for the quarter (fourth root of .63), and a 12% drop for the first half.

37% annualized should just be divided by 4 right? @manqiangrexue

Shouldn't -5%/4 + -37%/4 = -10.5% annualized assuming the other 2 quarters are 0% annualized.


I would expect atleast more than 10% drops in Q3 and Q4. Which should give atleast a -15% drop the year.
 
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Red Moon

Junior Member
37% annualized should just be divided by 4 right? @manqiangrexue

Shouldn't -5%/4 + -37%/4 = -10.5% annualized assuming the other 2 quarters are 0% annualized.


I would expect atleast more than 10% drops in Q3 and Q4. Which should give atleast a -15% drop the year.
37% drop would mean the 2nd quarter gdp is 63% of 1st quarter. But "annualized" means the actual figure is raised to the 4th power. So the 4th root of 63% is about 89.09%, so the actual drop for the quarter is about 11%. For the first quarter is a bit over 1%.

I would expect a further drop this quarter, but I wouldn't hazard a guess on the amount. As for the 4th quarter, keep in mind that the new Covid spike in the US is very much connected with politics, and the election is not until November. Moreover, by that point you start to see repercussions from bankruptcies, etc.
 

j17wang

Senior Member
Registered Member
37% annualized should just be divided by 4 right? @manqiangrexue

Shouldn't -5%/4 + -37%/4 = -10.5% annualized assuming the other 2 quarters are 0% annualized.


I would expect atleast more than 10% drops in Q3 and Q4. Which should give atleast a -15% drop the year.

This is hilarious... if you think about next year, China's growth in 2021 will likely be ~6% (good, not great). Vaccines do seem to be moving along at a healthy pace though, so US should be able to post some amazing numbers for Q2,Q3,Q4 in 2021. Heck, with how bad a hammering the US is taken this year, Biden might be able to be the first president to preside over a US economy which will grow faster than China's! I know its still early stages, but a US GDP of -10% in 2020 and +8% in 2021 is probably not unreasonable at this point.
 

manqiangrexue

Brigadier
37% drop would mean the 2nd quarter gdp is 63% of 1st quarter. But "annualized" means the actual figure is raised to the 4th power. So the 4th root of 63% is about 89.09%, so the actual drop for the quarter is about 11%. For the first quarter is a bit over 1%.

I would expect a further drop this quarter, but I wouldn't hazard a guess on the amount. As for the 4th quarter, keep in mind that the new Covid spike in the US is very much connected with politics, and the election is not until November. Moreover, by that point you start to see repercussions from bankruptcies, etc.
No I don't think so. A 37% drop is year-on-year. It is compared to 2019 Q2, NOT 2020 Q1, which would be quarter on quarter. I can see the US playing with that so when Q3 comes out at a 10% drop from 2019 Q3, they'll play it off like a 27% recovery from Q2 or something like that. But those numbers are all supposed to be year-on-year.
 
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