Thursday, October 26, 2017

Xi Jinping follows in Putin's footsteps

The general secretary of the Communist Party, and president, of China Xi Jinping was initially chosen as a compromise by the Central Committee and Party delegates in 2012. It was a compromise between the desire to stay close to the Communist ideals and the desire to capitalize on the modern era reality that China has become a global economic power to be reckoned with.

But this son of an elite founding member of China's Communist Party, who has taken many twists and turns along his way to the top, is anything but a compromising figure. Throughout his first term as the general secretary, he has shown his willingness to dispose of the government of years past, instill a unified economic identity, continue to censor outside world, as well as cement his place in China's history books.

Soon after his father was imprisoned for being vocal and confrontational within China's Communist Party, the teenager Xi Jinping found himself target of the scorn of many of his peers and authorities that now viewed his family in a negative light. He learned his first lesson from his father - that being vocal in opposition to authority is an approach that doesn't achieve the desired result in China. So he immersed himself in his studies, went to the farm lands to perform manual labor with the country's peasant population. This was the call of Mao Zedong to all of China's population living in large cities.

This experience toughened up the young Xi and he soon found himself accepted as a member of the Communist Party, despite his father's tainted legacy. He began to establish a network of influential party members that would turn out to be his main support base in his pursuit for the top of the party hierarchy. He finally achieved that goal in 2012, when he was selected as the new general secretary of the Communist Party.

His actions after he took power in China, mimic those of the actions taken by Vladimir Putin, when he was elected to the reigns in Russia in 2000. A house cleaning of all the corrupt officials and a crackdown on unwritten, but previously accepted, bribe to conduct business policy. Just like Putin, Xi Jinping dismissed and imprisoned former long standing security and economic officials, that may have presented obstacles to his policies and vision. And just like Vladimir Putin, Xi Jinping did it all under the guise of performing a service to the country and upholding the moral high ground for which every man, woman, and child should strive.

Xi Jinping, in a remarkably similar fashion to Putin, was able to consolidate power by antagonizing elements within the ruling party, and within China, which would have stood in his way of making unilateral decision on their behalf. This was something Vladimir Putin coined the "verticals of power" a decade earlier.

Unlike Russia, China does not have democratically elected leaders. Xi Jinping does not need the same trick that Putin used from 2008 through 2012, when Putin served as Russia's Prime Minister, to side step consecutive term limit law. Xi Jinping's continuity in power solely depends on the Communist Party election every five years. So this year, he brought down the hammer.

Having already brushed aside many of his potential opponents early on in his reign, he has now enshrined his name and ideology into the Chinese constitution. The "Xi Jinping Thought for the Modern Era with Chinese Characteristics" is an ideology that has been unanimously adopted by the Party Congress and has now been written into the constitution. With no apparent understudy declared to take over for him in the future, this new Mao-degree status paces the way for Xi Jinping to rule for decades without any significant opposition.

While Xi Jinping certainly started by following Vladimir Putin's blueprint for the consolidation of power, he has since then surpassed it. Xi Jinping doesn't have any real opposition within the country at this point in time, while Vladimir Putin's opposition keeps growing. But that is largely due in part to Russia's remaining free press coverage and recent economic woes. Neither of theses factors are present in China.

Will Xi Jinping rule China until his death? Does the economic trouble that has forced the Russian people to re-evaluate its leadership have a chance to do the same in China? Leave me your thoughts and questions in the comments below.

Monday, October 23, 2017

China Sees Opportunity

For as long as I can remember, in every economics class of the latter 20th century and early 21st, we have been taught that the United States is the industrial leading behemoth that cannot be surpassed because of its sheer fiscal might. Every currency exchange in the world still compares its local currency to the US Dollar and the United States is still the target for every worldwide consumer innovation, as it is the largest most lucrative market in the world today.

But times are changing. Let's step back and understand the passing of the torch that saw the United States rise as the worldwide economic leader. People who don't study or pay attention to history, may not realize that by the turn of the end of the 19th century and the beginning of the 20th, Great Britain was the world leader in most major industrial and financial measurements. However, by this time the British Empire grew beyond its means. With its empire stretching across the globe and the financial stresses inflicted by various conflicts, that standing became very tenuous. The beginning of the end was the beginning of World War I, where Britain extended itself further fiscally, and just could not keep up with the rising growing economy of the United States.

Despite going through the Great Depression, the United States kept growing in every phase of its economy. The final straw that unseeded Britain from the top spot was the havoc World War II inflicted upon its people, infrastructure, and finances. Soon their colonies, once the cornerstones of their financial income, began to break away as independent sovereign nations. Then their industries began to be nationalized. Finally, their national budget proportionally became a shadow of its former self. This made the economy grow at a snail's pace and even contract at times.

The United States had none of these problems. The younger nation was buoyed by the end of the Civil War. The United States saw its greatest leaps in industrialization and natural resource discoveries push the growth margin higher than ever during the "gilded age", leading up to the start of the 20th century. By the time of the roaring 20s, the country was now an economic contender on the world stage. But because neither of the world wars saw any extensive damage to the United States infrastructure, there was no pause and no rebuilding cost. This freed up the United States to invest in its growth further and leap past its European competitors with a seemingly insurmountable advantage into first place.

It is a spot which we, as a nation, have not relinquished since. However, our supremacy on the world stage has diminished over time. Since the late 20th century, the United States government has continuously mismanaged its budget to the tune of a financially devastating fiscal deficit. As the GDP and per capita income increased, so did the manufacturing costs. As a result, we have transformed our economy into a service, credit, and consumer economy. All the while shipping our blue collar manufacturing jobs overseas. With that transition we have also given the technical expertise and the income, which was previously kept in house, to nations we never saw as our competitors, let alone our equals.

But this is exactly where China finds itself today. Having absorbed decades of manufacturing and assembly handover from Western nations, China has acquired both the infrastructure and the technical knowledge base necessary to compete on the world stage as equals. Furthermore, Chinese government has acquired sufficient sovereign debt of every Western nation, including the United States, to be able to have political and economic leverage it previously dreamed of.

But now, having accumulated sufficient wealth, China is transitioning. It finds itself at the exact same inflection point that the United States found itself in the late 19th and early 20th century, when it was breathing down Great Britain's neck. Except now it is China ready to overtake the United States as the leading economy in the world. Chinese government is well poised for the role, with a bank roll of foreign debt and a national cash surplus that now seems more attractive to global investors than ever before.

As the conflicts of the world swirl around, the safest place for foreign cash is still the United States, as it is being recognized for its past fiscal dependability. But the winds are changing, and the Asian powerhouse that is China sees opportunity in this crisis. Up until now, they have been able to manipulate its currency and keep the value of the Yuan down to keep its manufacturing infrastructure viable on the world stage, and its Yuan-denominated sovereign debt purchases high in value. But their per capita incomes and currency value is growing beyond these controls. Soon enough, China will find itself in transition to a consumer economy. And that's exactly when the United States will be faced with a similar fate that Great Britain faced in the 20th century.

What do you think? Will China become a major consumer economy within the next decade? Will foreign investors see it as the new capital safety market? Will the US Dollar Standard crumble within the next decade? Please Leave your thoughts below in the comments section.

Friday, October 20, 2017

Catalonia Indecision

Among the many brewing flares of discontent around the world today, I bring your attention to the Northeastern Spanish region of Catalonia. This region has been fighting to be recognized as an independent sovereign state for 300 years. Catalonia is beautiful and wealthy with an abundant array of historical, artistic, and popular culture highlights. In fact, I found it to be enchanting and very friendly on my visit to the region last year.

But it is also restless in its desire to break away from the rest of Spain. Throughout Barcelona I have seen the Pro-Independence red and blue striped flags with a white star on blue triangle hanging from windows and balconies that signify the desire of the Catalan people. Some people believe that Catalonia is often taken advantage of by the Madrid government, with its cash flow often used to make up the financial shortcomings found across the rest of the nation. Others believe that Catalonia is an important compliment to the rest of Spain that should remain as one. So we see a split in Catalonia between Unionists and Pro-Independence supporters. We also see animosity by the Spanish government toward a region that already has a healthy degree of autonomy thanks to the Spanish Constitution.

As Democratically as it can appear to be, the Catalan government headed by Carles Puigdemont held a referendum on the will of the people for Catalonia to secede from Spain. On the heels of the previous referendum held in 2014, it appeared to have a wide-ranging support among the public. After all, that three year old vote produced an 80% support for Catalonia's independence from a 41% voter turnout. The Unionists said that people who did not want to so secede did not take part in the vote. While the Pro-Independence supporters said that usual voter turnout is in the same percentage range anyway. This time, it wasn't enough for Madrid's Constitutional Court to rule the referendum illegal.

For Spain, losing Catalonia would mean a complete economic and political disaster. It would forever change the Spanish national budget, put its obligations to the European Union at risk, and could result in a default on its outstanding Sovereign debts. This is why the Spanish prime minister Mariano Rajoy, who still remembers the vote three years ago, mobilized the Spanish Civil Guard and additional law enforcement bodies to intervene and prevent the public from voting.

Catalonia responded with fierce defiance. A convoy of tractors dubbed the "Tractorada" drove into the Catalan capital Barcelona to block Central Government's law enforcement from preventing the vote taking place. School teachers and elected officials set up social media communication centers to distribute information on how the voting process will evade Madrid's efforts to curtail the vote. Local police, Mossos d'Esquadra, chose to defy Madrid's orders and instead protected their own Catalan people. Despite Madrid's law enforcement violence in its suppression of the vote on October 1st, more than 43% of Catalonia voted on the referendum with 90% voting in favor of independence from Spain.

Now comes the hard part. According to the Spanish Constitution, Madrid has article 155 at its disposal in the event the autonomous region of Catalonia attempts to secede from Spain. However, its measures are limited and could backfire in cementing Catalonia's opposition to Madrid even further. The article grants Spain the ability to temporarily suspend autonomy in the region, dissolve existing local governing body, and impose new elections. However, with such a widespread support for Catalonia's independence, it is highly unlikely that the elections will yield a new governing body that won't be dead set on the region's independence.

The Central Government in Madrid hasn't been doing itself any favors either. By imprisoning two of the secessionist activists, Jordi Cuixart and Jordi Sanchez, prominent in this independence movement, prime minister Mariano Rajoy has only cemented Catalonia's resolve. Tensions are running high, and nobody wants to make the first move. In fact, Mr. Puigdemont is cognizant what the declaration of independence would mean for Catalonia with respect to Spain. So he has suspended the implementation of independence in order to seek dialogue for a smoother transition. To decode that last sentence - Mr. Puigdemont does not want to seem like the guy who began civil unrest here, so he has thrown the hot potato into Madrid's hands.

For Mariano Rajoy's part, he has remained resolute on this matter. He has thrown this dialogue right back into Mr. Puigdemont's court, issuing an ultimatum on whether or not independence has been declared. After not getting the clarification from Catalonia's governing body and Mr. Puigdemont, the Spanish Prime Minister has invoked article 155 and will impose elections in January that will first see Catalonia's governing body dissolved.

With so many Catalan people rallying for independence and so close to realizing their vision, I doubt that any election will stop them. We have seen that both diplomatic and coercive measures have failed. In my view, in the highly unlikely event that the January elections do yield a Unionist governing body, it will be widely rejected in Catalonia by the people and create an even more fierce opposition to Madrid's rule.

What are your views on this matter? Will the Catalan people realize their vision? Will Madrid subdue opposition? Will Catalonia remain a part of Spain in any capacity? Drop me a line in comments below to share your thoughts.

Sunday, October 15, 2017

Heroin and Oxycodone

You cannot escape the terms Opioid Abuse, Opioid Epidemic, and Opioid Crisis, in today's news articles and political debates. The reason behind it is the steady increase in how many people have died from prescription painkillers over the past two decades.

I have an inside perspective into this state of affairs, as I have worked for a pharmacy around the time when pain management centers began to pop up and prescribe painkillers for every kind of ailment over 17 years ago. In addition, I have had two close people who have been engulfed by this epidemic. Luckily both of them are still alive and on an endless path to recovery.

The recovery is endless, because this kind of addiction never goes away. It stays with the person for the remainder of their life. And any anomaly in terms of mental or physical stress, coupled with availability of the drug, always puts an addict into a prime position to relapse.

The proliferation of the Oxycodone type medication began to amplify in the late 90s, as an effective painkiller. The Pharmaceutical companies were called to testify before Congress regarding the medication's safety. Despite having the knowledge that Oxycodone is very similar in molecular structure to Heroin and more study was necessary, the Pharmaceutical Executives lied through their teeth and said that addiction to the medication is rare and avoidable.

After all we shouldn't be that surprised. It was the Pharmaceutical giant Bayer, who over a century ago certified Heroin to be safe. It was sold in every Pharmacy for decades, until it was summarily pulled off the shelves due to its apparent addictive property.

That's right, the Pharmaceutical companies, their suppliers, and retailers put profit before the well being of the very people whom they claimed would avoid feeling the pain. The Pharmaceutical companies were very effective in their marketing technique. They went to every doctor, hospital, and pharmacy to tout the benefits of their medication and entice them to be prescribed for everything from headache, toothache, to recovery from surgery and cancer treatment.

But people became addicts, and in much greater numbers than the Congress or Pharmaceutical companies could foresee. The State Department and the Drug Enforcement Agency caught on to the early signs of this deadly trend and had competent attorneys lead successful cases to restrict these medications and contain the Opioid crisis.

The only problem was that the private Pharmaceutical companies have more money than the DEA or the State Department. So the Pharmaceutical companies began to recruit the most competent DEA attorneys and make them work against the very same cases the attorneys constructed for the government.

And this is where we find ourselves today. The Opioid Crisis has now reached Epidemic proportions, with over 15,000 Americans dead in 2015 due to prescription painkiller overdoses alone. We have over two million Americans who have been identified as having at least a degree of dependency on prescription painkillers. These are two million lives, each with a lifetime of recovery ahead of them... if they are lucky.

We need to act on this matter. We need to call our local elected officials to put pressure with our votes. We, as human beings, cannot stand idly by while the greedy Pharmaceutical companies extract profit at the expense of human life. This is a serious matter, and nobody is immune. Because the next time you go to a hospital for something minor, it may be you who receives a painkiller prescription.

Sunday, October 8, 2017

Review: The Mummy

Having fond memories of the original late 90s Brendan Fraser movie, I had some hesitation to watch this reboot of a series. I held true to this hesitation, as I didn't want to pay money for this amalgamation of stories that are as predictable as the trailer foreshadows them to be.

However, when no other good movie was available on the return flight from my Bermuda vacation, I decided to spend the two hours watching this work of corporate art. After watching this movie, I have a far greater appreciation for Brendan Fraser's acting skills over those of Tom Cruise. Tom really is a very terrible actor when it comes to real human expressions without any dialogue.

Moving on, the story line is highly speculative due to the wild gaps in logic all along. Such as, if Tom Cruise and his comic relief sidekick are soldiers, they would have been long deemed AWOL and court marshaled, before any question of black market adventures arose.

But it doesn't stop there, the mystery of the organization that keeps order between good and evil devolves into British literary villain of dual nature played by Russell Crowe. Something that has nothing to do with ancient Egypt. At this point, I got the suspicion that even before establishing this movie as entertaining enough on its own, it already began to set up for a sequel.

Furthermore, when the mummy does reanimate, her minions appear to be not the ancient soldiers of movies past, but zombified humans she collects along the way. The way she completely reanimates is also reminiscent of the way vampires regain strength, rather than mummified royalty.

Lastly, the main character's "sacrifice" does not make sense and runs counter to the manner in which the story should have easily resolved the main conflict. It also tends to be very silly in suggesting that an ordinary human being can "will" themselves over the all powerful god of death.

Aside from these shortcomings, this movie is only good for a brainless action thrill ride full of computer generated imagery that is the very well crafted. If you're a fan of Universal's Dark Universe, you may enjoy some of the characters involved. But this is not a movie I would recommend for anyone that enjoys the story line or the plot.

I give this movie 2.5 out of 5 gummy bears.

Wednesday, October 4, 2017

Review: Beatriz At Dinner

I found this movie to be very well paced, with expressive and human touch at every turn. The dialogue between the main characters of the story was executed in a flawless and consistently connected fashion. Beatriz at dinner is a very well scripted and acted portrayal of a practical modest spiritual therapist that unintentionally enters the world of the well off and often oblivious to reality.

A good mannered client invites Selma Hayek's character (Beatriz) to the dinner party, after she is stranded on location by her stalled vehicle. She soon learns that she is surrounded by people who aren't interested in their own health, spiritual satisfaction or their environment.

Their only pursuits are image, self-gratification, and money. At the dinner table, the values clash in a very direct but well mannered fashion. However, all manners are eventually stripped away when Beatriz finds out what the guest of honor's business and hobby involve.

The sparring escalates to a full blown confrontation. And while Beatriz defends her position with concern for humanity and spiritual well being, the hosts and guests of the dinner party are only concerned with their finances and status.

The evening's main guest is a very brash Real Estate mogul named Doug Strutt, played masterfully by John Lithgow. He is a man who is engulfed by his own ambitions and aura of infallibility, requiring an occasional adrenaline rush that he achieves through big game hunting expeditions.

The screenplay soon reveals that there are two connections between him and Beatriz. She first realizes that Doug shares the same profession as the man who destroyed her hometown with a hotel project, and initially thinks they are one in the same.

Despite animal hunting and passion for real estate finance that rub Beatriz the wrong way, she feels a sudden overwhelming desire for revenge when she realizes that Doug is the man who killed her goat. At the last minute, she comes to her senses and does not go through with it. Instead, the movie ends on a note of letting go and cleansing herself in the ocean.

My thoughts is that the movie is a very excellent portrayal of clashing values between the people who are true to themselves and their humanity, as opposed to those who are trapped in the pursuit of material satisfaction at the expense of others. It also offers a view of what effects of any given action can have on the lives of others. Finally, it truly underscores that the action of revenge and violence are not the way to resolve conflict between people. Instead, the moral of the film is to let go of the pain and let go of the hate.

Outside of the incredibly overly sensitive Beatriz, whose character was by design made such to contrast with the rest of the characters, the movie hits every mark as far as entertainment and message delivery is concerned. Beatriz's sentiments border on unbelievable, which is why I cannot give it the perfect mark it otherwise deserves.

I give Beatriz at Dinner 4.5 out of 5 gummy bears.

Tuesday, October 3, 2017

Vegas Murders

I am incredibly saddened by the mass murder of concert goers outside of Mandalay Bay in Las Vegas this past Sunday night. Stephen Paddock, with unclear motives, stocked his hotel room with a sizable arsenal of automatic weapons and unleashed a deadly barrage upon the unsuspecting crowd. To me it is tragic, shocking, and sad. I mourn for the victims and the city.

The reason I encourage everyone to stop using the term 'shooting' and start using the term 'murder', is because it is the most accurate term for intentional loss of life. We have become so desensitized to the term 'shooting', that the only way we can truly grasp the reality of what happened Sunday night is to use the term 'murder'.

The second thing I encourage everyone to do is to stop using the term 'terrorism' until it is confirmed to be valid. The term 'terrorism' is defined as the 'unlawful use of violence and intimidation, especially against civilians, in the pursuit of political aims'. While the violence aspect of what Stephen Paddock did at the Las Vegas country music festival this past Sunday night is clearly evident by the 59 attendees killed and another 527 injured, there is no political motives that have been uncovered at all as of yet.

Both of the aforementioned terms are excessively used by the media to grab the headlines, viewers, and internet traffic. Such is the reality of the entertainment news delivery vehicles we live with. But news should not be entertainment. The news delivery vehicles should be impartial, objective, and avoid instilling fear or confusion in the minds of its viewers.

Politicians also hijack such tragedy for their own political agenda. They usurp the lives that were lost and changed forever in order to achieve their selfish crusade. Do not let them influence you. Think for yourselves and learn to recognize when exaggerated fear is being applied as a manipulative tactic in order to get a desired response from you.

Stephen Paddock was an independently wealthy reclusive individual with no political or religious affiliations. He owned various properties across the United States, gambled a lot, but was generally known as a nonviolent person. He texted his brother to check on their mother's health, after hurricane Irma ravaged Florida. He successfully passed Federal background checks at every gun shop he ever purchased a firearm from and showed no abnormal psychological tendencies before he turned violent Sunday night.

Those of you who know me are aware that the Las Vegas strip has been an annual destination to me over the past two decades. New York may be the city that never sleeps, but Las Vegas is the city where time is irrelevant. To many it serves as a destination for celebrating life's joyous events, a fun spot for business conferences, and an escape from everyday reality. In addition to the incredibly painful human tragedy, after Sunday night's events that image has lost some of its luster.

I sincerely ask all of you to not fall under the entertainment news media's influence of panic and fear. It causes needless confusion, division, and antagonism toward each other. It prevents us from uniting together as human beings and achieving a common voice with the politicians who should represent all of us. Think independently and find trustworthy news outlets like the BBC, that provides unbiased objective information and has no ulterior motives to pursue. We should all expose and shame the politicians who usurp tragedies for their own political means. Such people should never be allowed to hold an elected office ever again, because they are unable to represent anyone's interests except their own.