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Weekly Update by Mark Armstrong – November 18, 2022
Greetings from Tyler, We’re seeing some astonishing photos of protests in Brazil, and there is some question as to how things work out going forward. An AP story says the photos being circulated are from years ago, and the protests are not nearly that big. Nevertheless, there is some question about the legality of the…
LEI for the U.S. Declined Again in November
The Conference Board Leading Economic Index® (LEI)for theU.S. decreased by 1.0 percent in November 2022 to 113.5 (2016=100), following a decline of 0.9 percent in October. The LEI is now down 3.7 percent over the six-month period between May and November 2022—a much steeper rate of decline than its 0.8 percent contraction over the previous…
Indonesia, US seal trade deal with 19% tariff and exemptions for goods like coffee
JAKARTA – Indonesia and the United States signed a trade pact on Feb 19, finalising a 19 per cent tariff on most Indonesian exports to the US, as well as a pledge by the South-east Asian country to purchase about US$33 billion (S$42 billion) worth of American goods. Indonesian textile exports – up to a volume to be decided – are…
Breaking News | Germany | NewsGermany’s defense minister to overhaul military command to enhance war capabilities
Boris Pistorius voiced the necessity for the military to become ‘war-capable’ in light of potential Russian threats Germany’s defense minister on Thursday announced a plan to streamline and reorganize the country’s military command as part of efforts to make the armed forces of NATO’s most populous European member “war-capable.” Chancellor Olaf Scholz set in motion…
UN says 2,000 peacekeepers to leave eastern Congo in withdrawal’s first phase
KINSHASA, Jan 13 (Reuters) – About 2,000 U.N. troops will leave restive eastern areas of the Democratic Republic of Congo by the end of April in the first phase of the peacekeeping mission’s planned withdrawal from the country, the head of mission said on Saturday. The U.N. Security Council approved the end of the mission…
Tariffs and ‘trade wars’ — Trump asks tough questions critics won’t answer
Ten tariff questions aren’t being asked — but should be. 1) President Trump’s so-called “trade war.” Many call the American effort to obtain either tariff parity or a reduction in the roughly $1 trillion trade deficit and 50 years of consecutive trade deficits a “trade war.” But then what do they call the policies of…


