Top News Headline Podcast- Oct 15, 2019

Top News Headline Podcast- Oct 15, 2019

US-China Trade Deal Boosts Optimism for Farmers, Banks, and Markets  

In a deal that will boost optimism among farmers, banks, and markets, President Trump announced this week that the United States reached a partial trade agreement with China.  President Trump said, “ There’s never been a deal of this magnitude for the American farmer.”  Beijing agreed to purchase up to $ 40 billion to $ 50 billion in agriculture products from the U.S.  The President also commented, “ That’s the largest order in the history of agriculture by far.”  He suggested farmers ‘immediately buy more land and get bigger tractors!’

The phase-one agreement should be completed and signed over the next four weeks said Trump and phase-two negotiations would start immediately after that.  The President also announced there would be another meeting in Chile five weeks from now and that there could be an official signing done there.  The leaders will meet at the Asia-Pacific Economic Cooperation Summit in Mid-November.

 

Search and Rescues in Japan Ongoing After Typhoon Hagibis Kills More Than 50, Floods Thousands of Homes 

 Saturday major typhoon Hagibis made landfall in Japan’s Shizuoka Prefecture at 7 pm with winds upwards of 90 mph, according to Japan Public Broadcasting. More than 3,4000 homes across the country were flooded, with 38,000 people in shelters.  At least 55 people were killed and 16 reported missing,  100  people have been injured, according to the Kyodo News Agency.  Government spokesman, Yoshihide Suga told reporters, “ The major typhoon has caused immense damage far and wide in Eastern Japan.”

Near the city of Nagano, a fleet of bullet trains parked at a railyard were submerged in high floodwaters.  More than 375,000 homes are without electricity and 14,000 have no running water.  A tornado hit parts of Chiba Prefecture on Saturday destroying 12 homes and damaging 70 others. There was a landslide that swept away homes in Gunma Prefecture killing four people. Then there was a 5.2 earthquake that hit the Chiba area at the same time, no tsunami was reported.

Bernie Sanders Slams Elizabeth Warren as  ‘Capitalist’  

Vermont Senator Bernie Sanders  is now concerned that Mass. Sen. Elizabeth Warren’s surge in the Democratic Primary could threaten his standing in the polls. He is now cutting into her surge by dismissing her as a ‘capitalist’.  Bernie said during an interview with ABC, “ Elizabeth, I think as you know, has said she is a capitalist through her bones, I’m not.” Last year when Warren was asked if she was a capitalist, she reportedly said, “ I am a capitalist to my bones.”

These comments come amid a rise in socialism in the Democratic Party.  Candidates have openly embraced socialism over capitalism.  Recent polls show that Democrats now view socialism more positively than they do capitalism. Under one of Sander’s proposed plans to distribute wealth, billionaires could face a 97.5% average tax rate. In a recent report from Bloomberg, It was pointed out that Sanders has said that under his economic plan that the number of billionaires in the U.S. would be cut in half within 15 years.  Elizabeth Warren has topped Bernie in recent Democratic polls taken in Iowa and New Hampshire and she is now even with long-time front runner former Vice President Joe Biden.

Mexico Military Police Halt 2,000- Strong Migrant Caravan on Its Way to US 

This saturday Mexico’s military police halted and turned back a caravan of up to 2,000 migrants from Africa, the Caribbean, and Central America.   They intercepted the caravan hours after they had started towards the United States border, according to Reuters and eyewitnesses.  The group, including people pushing children in strollers, were walking on foot and had gone 19 miles before being apprehended on the road in Huehuetan.

500 members of Mexico’s National Guard wearing helmets and tactical vests blocked the highway on both sides, while some pursued migrants who tried to flee into the neighboring fields. Officials from Mexico’s National Immigration Institute detained most of the group and put them on buses back to Tapachula. 150 of the migrants decided to return on foot.   In a video documentary of the incident, activist Irineo Mujica of Pueblo Sin Fronteras, ( people without borders) said, “ The vast majority were taken to Tapachula, the caravan was dismantled.”

 

Today’s quote is from  George Washington,

“ There is nothing so likely to produce peace as to be well prepared to meet an enemy.”