News Analysis Warning signs are flashing all over China’s banking sector. Chinese regulators have seized and bailed out lenders at an unprecedented pace amidst a surge in bad debt all the while forcing banks to step up lending at increasingly lower interest spreads. It’s a way to keep banks in business but not a recipe for future longevity. Increasing worries about the health of China’s financial system have hit investor confidence in banks and hurt recent capital raising efforts as well. I wrote in August that after three Chinese bank bailouts in three months, more will follow. After a few months of calm, two local bank runs in November have added fuel to the fire. Yingkou Coastal Bank is the latest to suffer a bank run. Yingkou faced a “flash…
President Donald Trump and Secretary of State Mike Pompeo criticized Democrats for holding the first House Judiciary Committee impeachment hearing at the same time as his London meeting with other NATO members.
“The do-nothing Democrats decided when I’m going to NATO… that was the exact time—this is one of the most important journeys that we make as president,” Trump told reporters before he left Washington for the United Kingdom on Monday.
“The Radical Left is undercutting our Country. Hearings scheduled on same dates as NATO!” he added.
Pompeo said during an appearance on “Fox & Friends” that he felt the move to hold a hearing in the House while Trump is abroad is without precedent.
“I regret that they’ve chosen to hold these hearings at the same time that the president and our entire national security team will be traveling to Europe to London to work on these important matters,” Pompeo said. “It’s very unfortunate.”
The president is expected to attend a meeting with NATO Secretary-General Jens Stoltenberg and French President Emmanuel Macron. He will also attend a NATO leaders reception hosted by Queen Elizabeth II.
Later in the week, he will partake in a NATO ceremony before meeting German Chancellor Angela Merkel and will have lunch with representatives from Estonia, Greece, Latvia, Poland, Romania, Lithuania, Bulgaria, and the UK, Fox reported. He will have two bilateral meetings with Italian Prime Minister Giuseppe Conte and Danish Prime Minister Mette Frederiksen.
Trump has long complained that European nations have to pay their fair share for U.S. military protection.
“The European Union, for many years, has taken advantage of us on Trade, and then they don’t live up to their Military commitment through NATO. Things must change fast!” he wrote last week.
A week ago, Macron complained that the United States is contributing to the demise of NATO.
“So as soon as you have a member who feels they have a right to head off on their own, granted by the United States of America, they do it,” Macron told The Economist.
However, his comments were panned by Merkel, who viewed them as extreme.
The chancellor, calling Macron’s statement “drastic words,” said it “is not my view of cooperation in NATO and I think that such a sweeping blow is not necessary, even if we do have problems, even if we must pull together.” Stoltenberg also rejected the French president’s claim.
This article is from the Internet:Trump, Pompeo Fault Democrats for Having Impeachment Hearings During NATO Meetings
Protesters could be heard shouting slogans such as “disband the police force,” and “the heavens will eliminate the Chinese Communist Party, let the entire Party die.” The peaceful march, which was organized by a local netizen who identified himself as Swing, had been granted police approval. But soon after it took off, police interrupted the scene. A sizable force had gathered, with at least nine police vans in the area. At around 4:50 p.m. local time, riot police suddenly charged at protesters at an area near the intersection between Salisbury Road and Nathan Road, which is right before Salisbury Garden. The police fired pepper spray and tear gas, before making at least two arrests. The police then put up a blue flag, declaring that people are engaging in an illegal…