Miscellaneous News

caudaceus

Senior Member
Registered Member
Speaking about IB. I'm still puzzled why there's no major Chinese IB. At least having some gravitas like Goldman, JPMorgan, etc.
 

emblem21

Major
Registered Member

Can anyone confirm if this load of nonsense is true, because from what I have already heard, Putin's personal popularity is over the moon right now due to the referendums and the fact that he is making a stand for his nation and basically ensuring that his nation is well stocked for the winter along with not backing down like a bit$h against the collective west, honestly what gives, I once respect this commentator but ever since Biden has been elected, he has simply lost it
 
Last edited:

AndrewS

Brigadier
Registered Member
Speaking about IB. I'm still puzzled why there's no major Chinese IB. At least having some gravitas like Goldman, JPMorgan, etc.

Because IBs don't actually make any money.
Their returns are the same as their real cost of capital, as per the Economist.

Even worse, the profits are privatised for years when times are good.
Then when there is a financial crisis, the government has to bail them out. So ordinary taxpayers cover those losses.

Just look at what happened during the 2008 Financial Crisis.
 

baykalov

Senior Member
Registered Member
Please, Log in or Register to view URLs content!

Solomons Signs US-Led Pacific Deal After Historic Meeting
  • Biden commits more than $810 million to new Pacific initiative
  • Washington is trying to counter Beijing’s diplomacy in Pacific
The Solomon Islands has joined 13 other Pacific nations in signing a wide-reaching US-led partnership agreement, after early indications it would refuse.

The ten-point US-Pacific Partnership deal was announced by the White House on Thursday evening, following the first-ever meeting between a US president and the leaders of every major Pacific nation. It includes commitments for increased action on climate change, economic development and security cooperation.

Earlier, US President Joe Biden committed more than $810 million to a new Pacific initiative. “A great deal of the history of our world is going to be written in the Indo-Pacific over the coming years and decades, and the Pacific Islands are a critical voice in shaping that future,” Biden said.

The agreement is similar in tone and reach to a deal which the Chinese government attempted to strike with Pacific nations in May, which was ultimately rejected by regional leaders, the Australian Broadcasting Corp. reported. The head of the Pacific Islands Forum said in July Beijing hadn’t given leaders enough time to consult on the agreement.

The Solomon Islands government had initially indicated to other Pacific nations that it would refuse to sign the US agreement, according to the ABC.

Solomons Prime Minister Manasseh Sogavare stood at the left side of Biden during a group photograph after the summit.

In addition to establishing a Solomon Islands embassy, the US Federal Bureau of Investigation and the State Department will provide law enforcement training in the Pacific nation, according to a copy of the agreement released by the White House.

In the past year, the US and Australia have been increasingly concerned about growing Chinese government influence in the Pacific and have escalated diplomatic activity in the region. The unexpected announcement in April of a security agreement being struck between China and the Solomon Islands was a major diplomatic win for Beijing.

Chinese Foreign Ministry spokeswoman Mao Ning said Friday at regular press briefing in Beijing that her country had an “open attitude” regarding cooperation between Pacific Island nations and the rest of the world.

“We hope the US will offer support for these countries’ development and revitalization, instead of using cooperation as a pretext to engage in geopolitical rivalry and replicate bloc confrontation,” Mao said.


Joe Biden, center, and Pacific Island leaders during a group photograph on the sidelines of the US-Pacific Island Country Summit at the White House on Sept. 29. Photographer: Bonnie Cash/UPI/Bloomberg

f895aadd9f1a06fc55bd4adea8b43d3c7a484195.jpg
 

Overbom

Brigadier
Registered Member
Please, Log in or Register to view URLs content!

Solomons Signs US-Led Pacific Deal After Historic Meeting
  • Biden commits more than $810 million to new Pacific initiative
  • Washington is trying to counter Beijing’s diplomacy in Pacific
The Solomon Islands has joined 13 other Pacific nations in signing a wide-reaching US-led partnership agreement, after early indications it would refuse.

The ten-point US-Pacific Partnership deal was announced by the White House on Thursday evening, following the first-ever meeting between a US president and the leaders of every major Pacific nation. It includes commitments for increased action on climate change, economic development and security cooperation.

Earlier, US President Joe Biden committed more than $810 million to a new Pacific initiative. “A great deal of the history of our world is going to be written in the Indo-Pacific over the coming years and decades, and the Pacific Islands are a critical voice in shaping that future,” Biden said.

The agreement is similar in tone and reach to a deal which the Chinese government attempted to strike with Pacific nations in May, which was ultimately rejected by regional leaders, the Australian Broadcasting Corp. reported. The head of the Pacific Islands Forum said in July Beijing hadn’t given leaders enough time to consult on the agreement.

The Solomon Islands government had initially indicated to other Pacific nations that it would refuse to sign the US agreement, according to the ABC.

Solomons Prime Minister Manasseh Sogavare stood at the left side of Biden during a group photograph after the summit.

In addition to establishing a Solomon Islands embassy, the US Federal Bureau of Investigation and the State Department will provide law enforcement training in the Pacific nation, according to a copy of the agreement released by the White House.

In the past year, the US and Australia have been increasingly concerned about growing Chinese government influence in the Pacific and have escalated diplomatic activity in the region. The unexpected announcement in April of a security agreement being struck between China and the Solomon Islands was a major diplomatic win for Beijing.

Chinese Foreign Ministry spokeswoman Mao Ning said Friday at regular press briefing in Beijing that her country had an “open attitude” regarding cooperation between Pacific Island nations and the rest of the world.

“We hope the US will offer support for these countries’ development and revitalization, instead of using cooperation as a pretext to engage in geopolitical rivalry and replicate bloc confrontation,” Mao said.


Joe Biden, center, and Pacific Island leaders during a group photograph on the sidelines of the US-Pacific Island Country Summit at the White House on Sept. 29. Photographer: Bonnie Cash/UPI/Bloomberg

f895aadd9f1a06fc55bd4adea8b43d3c7a484195.jpg
Good. SI has angered the US enough already

Another rebellion and SI will be summarily couped. Gotta learn to play the game. Give them a win here and go back to your old tricks when you go home
 
Top