Sunday, June 30, 2024

Trump Policies 6-30-24

There has never been a presidential candidate like Donald Trump, 78. Trump, who announced he would seek reelection in November 2022, could become the first ex-president to win back the White House since Grover Cleveland. He is already the first major candidate to face the prospect of four criminal trials during an election year. Throughout his campaign, Trump has proposed giving the president more power to hire and fire government employees, replacing civil servants with political followers. 

Climate change

Trump opposes most climate change legislation, a position that hasn’t changed since his term in the White House. During his presidency, he withdrew the United States from the Paris Agreement, a global climate initiative that Biden rejoined once he took office. Trump also says supporters of climate change are trying to destroy the nation’s energy industry. As president, Trump rolled back swaths of the nation’s environmental regulations, and he has regularly minimized the effects of climate change around the world. He has vowed to increase domestic oil and gas production and has said he opposes existing government subsidies for wind power development.

Crime & policing

Trump is making public safety concerns, particularly crimes committed by undocumented immigrants, a centerpiece of his campaign. He supports increased powers for police and says Democratic policies are leading to crime sprees in big cities. A Gallup poll found 77% of Americans agree with him that crime is on the rise, despite FBI evidence to the contrary. Meanwhile, opponents say his proposed crackdowns threaten civil liberties. During his term in office, Trump did sign the First Step Act into law, which expanded some early-release programs for people convicted of crimes and reduced certain mandatory minimum sentences, among other changes. He also issued several high-profile pardons and commutations while in office, working alongside Kim Kardashian on some efforts.

Education

Trump has called for closing the U.S. Department of Education. He wants to turn education over to the states, although states already control funding and school curriculum, and give parents more say in running schools. While education has not been a major focus of his campaign, he has taken firm stances on cultural issues that often impact education. He supports a ban on transgender students’ participation in school sports and has praised the Supreme Court’s rulings targeting affirmative action programs in higher education. He has criticized Biden’s efforts to cancel student loan debt for millions of borrowers. In 2023 he also praised the Supreme Court justices for striking down a chunk of Biden’s plan, which Trump called unfair for people who have paid back their educational loans.

Economy

Trump receives some of his highest marks from voters on his handling of the economy. A Wall Street Journal poll in March found a majority of voters said they trust him to do a better job than Biden in bringing down inflation, a top economic concern. In 2017, Trump and his fellow Republicans passed a $1.5 trillion tax overhaul, which would expire during the next president’s term in 2025. He has criticized the growing federal debt, though his critics point out that the nation’s budget and debt increased under Trump’s watch. The former president has also been more skeptical of free trade initiatives and agreements than some of his Republican counterparts, going so far as to start a trade war with China during his term in office.

Foreign policy

As he did in 2016, Trump is promoting an “America First” agenda that is suspicious of free trade and alliances with other countries, such as NATO. Trump also wants to pull back on U.S. defense commitments, throwing into doubt aid to Ukraine in its war with Russia. He has a tendency to praise authoritarian leaders in Russia, China and North Korea, but has criticized the actions of China and Iran. Trump has promised to support Israel in its ongoing war against Hamas, but he has also been critical of Israeli leaders.

Health care

Trump tried and failed to repeal the health care law signed by his predecessor, former President Barack Obama. Now, Trump says he does not want to repeal it but to improve it and make it cheaper. He has not released a specific plan. As president, he did sign legislation to increase funding for substance use disorder treatment in the wake of the opioid epidemic, and in 2017 he declared the opioid crisis a public health emergency. However, on the campaign trail Trump has been more focused on addressing the spread of fentanyl in the U.S., taking aim at drug cartels in Mexico.

Immigration

Trump has promised the biggest deportation and border arrest programs in American history, and the border has been his signature issue since he entered politics. The former president has said he will expand upon his past policies with plans to direct law enforcement and the National Guard to deport millions of undocumented immigrants. During his White House term, Trump famously vowed to build a wall on the U.S. southern border, though he did not complete that goal while he was in office. His administration’s policy of separating immigrant families prompted international condemnation. He also made efforts to ban travelers from a group of Muslim-majority countries.

Reproductive rights

Trump says individual states should set their own laws on abortion, not the federal government. His stance disappointed abortion opponents, as did his warning to Republicans against supporting bans across the country that are too restrictive. He has criticized six-week bans that are law in several states but has not specified what he would support. He has also not specified whether he supports access to mifepristone, the abortion pill, a question before the Supreme Court. Trump says abortion laws should include exceptions for rape, incest and several medical emergencies. Trump appointed three of the six pivotal Supreme Court justices who voted to overturn Roe v. Wade.

https://www.usatoday.com/elections/voter-guide/2024-11-05/candidate/donald-trump

Norb Leahy, Dunwoody GA Tea Party Leader

Malawi Economy 6-30-24

Nominal GDP $13.176B, Per capita GDP $579.70, Population 20,931,751, Debt to GDP 68.0%, Inflation 16.8%, Unemployment 5.0%, Labor force participation rate 69%, Land area 45,745 sq miles, Arable land 42.43%, Urban 18% Rural 82%, Exports $1.19B, Imports $2.15B, Trade Deficit $0.96B.

The top exports of Malawi are Raw Tobacco ($435M), Gold ($225M), Tea ($84.3M), Ground Nuts ($81.4M), and Dried Legumes ($57.5M), exporting mostly to United Arab Emirates ($255M), 

Belgium ($143M), Tanzania ($72.8M), Kenya ($58.8M), and South Africa ($56.2M).

The top imports of Malawi are Refined Petroleum ($245M), Nitrogenous Fertilizers ($110M), Crude Petroleum ($97.6M), Mixed Mineral or Chemical Fertilizers ($77.5M), and Packaged Medicaments ($75.8M), importing mostly from South Africa ($442M), China ($333M), United Arab Emirates ($240M), India ($132M), and Kuwait ($105M).

Stagnant growth, unsustainable debt, and the adverse effects of multiple shocks, including an outbreak of cholera and Cyclone Freddy last year, have compounded Malawi's economic challenges.

https://oec.world/en/profile/country/mwi

Comments

Malawi has the lowest per capita GDP at $579.70.

Norb Leahy, Dunwoody GA Tea Party Leader

 

 

 

Malawi Problems 6-30-24

Stagnant growth, unsustainable debt, and the adverse effects of multiple shocks, including an outbreak of cholera and Cyclone Freddy last year, have compounded Malawi's economic challenges. Feb 2, 2024 

Malawi faces continued challenges of deforestation, constrained water resources, declining fisheries, limited institutional capacity to manage natural resources, and farming practices that lead to soil erosion and reduced fertility, among others.

Malawi remains one of the poorest countries in the world despite making significant economic and structural reforms to sustain economic growth. The economy is heavily dependent on agriculture, which employs over 80% of the population, and it is vulnerable to external shocks.

Poverty in Malawi is caused by various factors. Many of these are constraints on the economic productivity of land, labor, capital, and technology. Constraints on the productivity of land include rapid environmental degradation and limited or inadequate access to land.

Imports are expected to continue rising, driven in particular by the need for increased food imports to address domestic shortages. While exports are also projected to recover, the impact of prolonged dry spells on agricultural production may constrain export growth.

With limited availability of external financing and high levels of domestic borrowing, public debt continues to rise, resulting in debt servicing requirements in excess of 35% of revenues.

Norb Leahy, Dunwoody GA Tea Party Leader

Saturday, June 29, 2024

Trump Wins Debate 6-29-24

The initial reaction to the Presidential debate between Trump and Biden is that Trump won. This is consistent with the polling numbers that favor Trump to anticipate that Trump will be the likely winner in November. 

Democrats have cooked their own goose. Their support for the Climate Change Hoax prompted them to increase spending by $2 trillion in 2022 for wind, solar and EVs. Wind and solar show signs of failure to maintain the electric grid and nobody wants EVs, because they are too expensive and unreliable. They followed Soros and opened the borders to allow 12 million additional illegal migrants into the US without vetting. Soros also funded 75 bad Democrat District Attorney candidates in Democrat Cities, who refused to prosecute violent criminals. Crime rose and has been traced back to these released criminals and unvetted illegal migrants. Citizens in “sanctuary cities” have had enough and want the illegals removed and deported. Soros District Attorneys. Biden mishandled the Afghanistan withdrawal, abandoned our citizens, allies, air bases and equipment and showed weakness. After that Biden used “appeasement” as his strategy to control Russia, China and Iran, ensuring their advances against Ukraine and Israel.  Money laundering Evidence is mounting that shows that Biden began operated an influence peddling scheme as Vice President from 2009 to 2016 to ensure appeasement.   

Biden’s claim that Trump poses a threat to “democracy” falls flat. Democrats define “democracy” as the continued democrat control of the government.  Biden’s open borders scam is designed to ensure that illegal migrants will become “democrat voters”.

If Republicans can win despite Democrats’ long-held ability to stuff ballot boxes, we may have a chance to restore the US economy, end the wars and drain the swamp.

Future polls are worth watching, especially in swing-state cities.

Norb Leahy, Dunwoody GA Tea Party Leader

Rwanda Economy 6/29/24

Nominal GDP $13.927B, Per capita GDP $1,031.69, Population 14,094,683, Debt to GDP 63.3%, Inflation 16.8%, Unemployment 14.95%, Labor force participation rate 39.89%, Land area 10,169 sq miles. Arable land 4.43%, Exports $1.77B, Imports $4.32B, Trade Deficit $2.55B.

The top exports of Rwanda are Gold ($542M), Tin Ores ($124M), Coffee ($112M), Malt Extract ($86.9M), and Niobium, Tantalum, Vanadium and Zirconium Ore ($83.4M), exporting mostly to United Arab Emirates ($568M), Democratic Republic of the Congo ($450M), Thailand ($83.9M), United States ($61.7M), and Ethiopia ($55.2M).

The top imports of Rwanda are Refined Petroleum ($593M), Gold ($404M), Palm Oil ($124M), Rice ($112M), and Raw Sugar ($107M), importing mostly from China ($808M), Tanzania ($474M), Kenya ($439M), United Arab Emirates ($416M), and India ($309M).

https://games.oec.world/en/profile/country/rwa

Rwanda's public-sector-led development model has shown its limitations, with public debt increasing significantly in recent years. The country's heavy reliance on large public investments (at 13% of GDP in 2019) has led to substantial fiscal deficits, financed through external borrowing.

Since 1959 Rwanda's political and social instability has had serious economic repercussions. Intense demographic pressure, the shortage of arable land, and lack of access to the Indian Ocean have been three critical problems in Rwanda's economic development.

Rwanda’s $2.55B Trade Deficit needs to be reduced.

Norb Leahy, Dunwoody GA Tea Party Leader

Rwanda Problems 6-29-24

Since 1959 Rwanda's political and social instability has had serious economic repercussions. Intense demographic pressure, the shortage of arable land, and lack of access to the Indian Ocean have been three critical problems in Rwanda's economic development. 

Beginning in 1994 and lasting only 100 days, the Rwandan Genocide is one of the most notorious modern genocides. During this 100-day period between April and July 1994, nearly one million ethnic Tutsi and moderate Hutu were killed as the international community and UN peacekeepers stood by.

Water, electricity, and internet are all reasonably reliable. Rubbish is collected at the door. Moreover, the social climate is pleasant; people are mild-mannered and sweet. So day-to-day life in Rwanda today is quite unlike anything in Rwandan history.

Weaknesses. The country is landlocked and exposed to geopolitical tensions in the Great Lakes region. Tensions with the DRC have intensified, but a direct military confrontation between the two countries remains unlikely.

Norb Leahy, Dunwoody GA Tea Party Leader

Friday, June 28, 2024

Congo Economy 6/28/24

Nominal GDP $14.407B, Per capita GDP $2,857.61, Population 6,106,869, Debt to GDP 13.3% Inflation 16.8%, Unemployment 21.6%, Labor force participation rate men 69% women 62.7% Land area 875,313 sq miles, Arable land sufficient, Exports $12.4B Imports $3.76B Trade Surplus $8.64B.

The top exports of Republic of the Congo are Crude Petroleum ($8.19B), Refined Copper ($3.23B), Rough Wood ($218M), Sawn Wood ($144M), and Tin Ores ($122M), exporting mostly to China ($4.82B), India ($2.44B), United Arab Emirates ($1.87B), Italy ($589M), and Vietnam ($537M).

The top imports of Republic of the Congo are Poultry Meat ($194M), Vaccines, blood, antisera, toxins and cultures ($144M), Wheat ($117M), Refined Petroleum ($93.6M), and Palm Oil ($82.5M), importing mostly from China ($976M), France ($339M), United Arab Emirates ($230M), Belgium ($209M), and India ($179M).

https://oec.world/en/profile/country/cog

The Republic of Congo remains in debt distress due to the ongoing restructuring and audit of domestic arrears as well as the recurrent accumulation of temporary external arrears. GDP is expected to grow at a rate of 3.5% in 2024 and 3.4% on average in 2025-2026.

Norb Leahy, Dunwoody GA Tea Party Leader

 

 

 

Congo Problems 6-28-24

The resource-rich country, now facing a major rebel attack, has been racked by conflict for more than 30 years. Escalating tensions in the Democratic Republic of the Congo (DRC) have once again drawn global attention to the security crisis in the African country's mineral-rich eastern region. Feb 21, 2024 

Currently, DRC is embroiled in an ongoing political confrontation with Rwanda. In 2022, M23 rebels resurfaced after five years of inactivity and gained control of large parts of North Kivu province by July 2023.

Under colonial rule, the Congo was exploited for resources like rubber and ivory and had little economic growth. They also failed to develop strong political institutions and rather than a gradual hand-off, independence was granted haphazardly, which helped create disorder.

In the aftermath of flawed, violent national elections in the Democratic Republic of Congo (DRC; the Congo) in December 2023, severe clashes between the military and insurgents—most prominently, M23 and the Allied Democratic Forces (ADF)—continue in eastern DRC. M23 is a primarily ethnically Tutsi rebel group with ties to the Rwandan and Ugandan governments, while ADF is an ISIS-affiliated militia group; over one hundred nonstate armed groups are active in the region.

Clashes dramatically increased in February 2024, provoking international outrage and desperate humanitarian conditions. Though the eastern regions of DRC are the most violent, political violence exacerbated by December’s elections has contributed to a national state of political disorder and insecurity. In October 2023, the UN announced that the number of internally displaced people in DRC had reached a record high of 6.9 million. The humanitarian disaster resulting from cyclical, violent conflict in the Congo, which has killed millions over the past three decades, continues to deepen.

Since 1996, conflict in eastern DRC has led to approximately six million deaths. The First Congo War (1996–1997) began in the wake of the 1994 Rwandan Genocide, during which ethnic Hutu extremists killed an estimated one million minority ethnic Tutsis and moderate Hutus in Rwanda (DRC’s neighbor to the east). During and following the genocide, nearly two million Hutu refugees crossed the Congolese border, mostly settling in refugee camps in the North Kivu and South Kivu provinces. A small subset of those Rwandans who entered DRC were Hutu extremists who began organizing militias within the Congo. Pressure intensified as Tutsi militias organized against the Hutu groups and as foreign powers began taking sides.

Following the Rwandan Patriotic Front’s (RPF) victory against the genocidal Rwandan government, the new Tutsi-led government began its involvement in DRC (then known as The Republic of Zaire). Rwandan troops, under the leadership of President Paul Kagame, and Congo-based Tutsi militias with Rwandan backing launched an invasion of Zaire, which was ruled at the time by Dictator Mobutu Sese Seko. Kigali justified both efforts by arguing that Hutu groups in eastern DRC were still a threat to their Tutsi population and that the Mobutu regime was harboring Hutu extremists who had fled across the border. Rwanda waged the First Congo War against Zaire with the help of other African states (most significantly Uganda, but also Angola and Burundi), who had their own security concerns related to Mobutu’s support of rebel groups across the continent. The Rwandan coalition’s invasion was coordinated with the help of Zaire’s then-opposition leader, Laurent Kabila. Thousands died; some casualties were former Hutu militants and members of armed groups, but many were refugees and non-combatant Congolese in North and South Kivu, in eastern DRC. Methods of warfare were brutal, especially those employed by Rwandan soldiers and Tutsi groups. The Kabila-Kagame coalition won the First Congo War in 1997 when Mobutu fled Kinshasa. Kabila was installed as president of Zaire and changed the country’s name back to The Democratic Republic of Congo. 

In 1998, the Second Congo War broke out following the deterioration of relations between Kigali and Kinshasa. In an attempt to diminish the impression that Rwanda held undue influence over the Congolese government, Kabila denied claims that Rwanda had been responsible for winning the war and placing him in power. Kabila also began removing ethnic Tutsis from his government and took measures to weaken Rwanda’s military presence in eastern DRC. By the late 1990s, it was becoming clear to the world that targeted campaigns against Hutu populations during the First Congo War (mostly led by Kagame’s army) amounted to war crimes, a growing international consensus that reflected poorly on the fledgling Kabila regime.

In a reversal of alliances, Kabila ordered all foreign troops out of the Congo and allowed Hutu armed groups to organize at the border once again. Rwanda responded by invading in 1998. Kigali’s stated aim was to create a zone in the DRC-Rwanda borderlands controlled by its own troops in order to create more distance from Hutu groups in eastern DRC. Congolese forces supported by Angola (which also reversed alliances following the ascent of Laurent Kabila), Namibia, and Zimbabwe fought the Rwandan, Ugandan, and Burundi militaries, as well as various rebel groups supported by Kigali and Kampala.

Amidst the chaos of war, Laurent Kabila was assassinated in a 2001 coup attempt planned by his own aides and guards. Those involved were imprisoned, and Kabila’s son, Joseph Kabila, took power.

The Second Congo War was formally brought to a close under the junior Kabila in 2002, and while estimates vary greatly, the death toll of the Second Congo War and the associated humanitarian disaster may have reached over three million people by 2004. 

Between 2002 and 2003, Rwanda, Uganda, and DRC began implementing a set of peace agreements that authorized a transitional government in Kinshasa led by Joseph Kabila. Despite these agreements, the establishment of truth and reconciliation commissions, and the presence of a renewed UN peacekeeping force, unrest and clashes persisted in eastern DRC. Joseph Kabila was formally inaugurated following a long-awaited popular election in 2006. 

One of the most prominent rebel groups to emerge in the early 2000s was known as the March 23 Movement (M23), made up primarily of ethnic Tutsis. Between 2012 and 2013, M23 became an undeniable force in eastern DRC, and Kinshasa accused Kigali of backing the group. In 2013, The UN Security Council authorized a rare offensive brigade under the mandate of the UN Organization Stabilization Mission in the DRC (MONUSCO) to support the Congolese army in its fight against M23. MONUSCO was effective in its support of the Congolese army, and M23 called off its initial campaign in 2013. Evidence of Rwanda’s support for M23 caused lasting damage to the Kigali-Kinshasa relationship.

Other flashpoints have arisen over the past two decades in states on the Congo-Rwanda border, such as Ituri, most often involving ethnic and militant groups with contestations going back to the Congo Wars. The 21st century brought one more complication to peace efforts in the Democratic Republic of Congo: the proliferation of mining operations. DRC is home to some of the world’s largest reserves of metals and rare earth minerals used to produce advanced electronics. As the world has become more reliant than ever on cobalt, copper, zinc, and other minerals, local and external groups have become more incentivized to get involved in the Congolese conflict. 

Félix Tshisekedi was declared the winner of DRC’s December 2018 elections and was inaugurated in January 2019. The transfer of power from President Joseph Kabila marked the first peaceful transfer of power in the DRC’s history. However, the 2018 election results have since been questioned, and some polling data indicates that a different candidate, Martin Fayulu, may have won. Upon his inauguration, Tshisekedi inherited a number of crises, including outbreaks of Ebola and ongoing violence in eastern DRC.

The abundant natural resources—especially precious minerals—found in Congolese soil have globalized the conflict in eastern DRC. While U.S. companies once owned vast cobalt mines in the Congo, most were sold to Chinese companies during the Barack Obama administration. Chinese companies connected to Beijing now control the majority of foreign-owned cobalt, uranium, and copper mines in DRC, and the Congolese army has been repeatedly deployed to mining sites in eastern DRC to protect Chinese assets. The Joe Biden administration has acknowledged that China’s virtual monopoly in DRC’s mining industry plays a significant role in boosting China’s comparative advantage in the energy and technology arenas and hinders U.S. clean energy aspirations.

China is involved in Congo’s internal conflict as well as its economy: the Congolese government is fighting M23 rebels with the help of Chinese drones and weaponry, and Uganda has purchased Chinese arms to carry out military operations within DRC’s borders. The deals China negotiated with Congolese leadership, especially during the Joseph Kabila regime, have helped Chinese firms secure unprecedented access to metals that allow them to mass produce electronics and clean energy technologies. The Beijing-Kinshasa relationship came under international scrutiny leading up to President Kabila’s resignation in 2019 when evidence emerged that Chinese capital—intended for infrastructure investment as repayment for mining rights—was being funneled to Joseph Kabila and his associates.

China and DRC’s complex, multi-layered economic and military relationship has resulted in limited access to the Congo’s vital resources and profits for other countries and the Congolese people themselves. China’s presence in resource-rich eastern DRC is not without its risks. In September 2023, Chinese nationals were among the casualties of a militant group’s deadly robbery of a mining company convoy. Additionally, a U.S. congressional human rights commission heard testimony in July 2022 regarding the use of child labor and other illegal practices in Congolese mines, allegedly including those owned and operated by Chinese companies. While the United States does maintain a relationship with DRC, the trade relationship is minimized by U.S. restrictions on imports from conflict-affected states and bans on importing “conflict minerals,” which are resources such as tin and gold mined for the profit of armed groups in the Congo and neighboring countries.

https://www.cfr.org/global-conflict-tracker/conflict/violence-democratic-republic-congo

Norb Leahy, Dunwoody GA Tea Party Leader

Thursday, June 27, 2024

US Job Openings Down 6-27-24

The Jobs Opening Rate fell to 4.80% in April 2024.

US Job Openings Rate: Total Nonfarm is at 4.80%, compared to 5.00% last month and 6.00% last year. This is higher than the long term average of 3.61%.

https://ycharts.com/indicators/us_job_openings_rate_total_nonfarm#:~:text=US%20Job%20Openings%20Rate%3A%20Total%20Nonfarm%20is%20at%204.80%25%2C,long%20term%20average%20of%203.61%25.

Job Openings 

On the last business day of April, the number of job openings changed little at 8.1 million; this measure was down by 1.8 million over the year. The rate was little changed at 4.8 percent in April. Job openings decreased in health care and social assistance (-204,000) and in state and local government education (-59,000) but increased in private educational services (+50,000). (See table 1.)

March 2024 Revisions: The number of job openings for March was revised

down by 133,000 to 8.4 million, the number of hires was revised up by

117,000 to 5.6 million, and the number of total separations was revised

up by 130,000 to 5.3 million. Within separations, the number of quits

was revised up by 80,000 to 3.4 million and the number of layoffs and

discharges was revised up by 75,000 to 1.6 million. (Monthly revisions

result from additional reports received from businesses and government

agencies since the last published  estimates and from the recalculation

of seasonal factors.)

https://www.bls.gov/news.release/jolts.nr0.htm

Comments

65% of our 12 million Illegal migrants are working for cash and receiving welfare. 2 million students are available to work from June to August 2024 and these students are finding jobs away from illegal migrant locations. Revisions to the May 2024 BLS jobs report will be available in July 2024.

Norb Leahy, Dunwoody GA Tea Party Leader

Mauritius Economy 6-27-24

Mauritius is an island off the coast of eastern south Africa with an above average per capita GDP and a below average population. 

Nominal GDP $14.819B, Per capita GDP $11,751.51, Population 1,300,557, Debt to GDP 69.3% Inflation 16.8%, Unemployment 6.1%, Labor force participation rate   Land area 790 sq miles, Arable land 40%, Urban 40.78% Rural 59.22%, Exports $6.85B, Imports $2.6B Trade Surplus $ 4.25B.

The top exports of Mauritius are Processed Fish ($265M), Raw Sugar ($211M), Diamonds ($125M), Non-Knit Men's Suits ($122M), and Knit T-shirts ($86.5M), exporting mostly to Zimbabwe ($288M), South Africa ($277M), France ($268M), Madagascar ($209M), and United States ($186M).

The top imports of Mauritius are Refined Petroleum ($1.15B), Coal Briquettes ($314M), Cars ($248M), Non-fillet Frozen Fish ($229M), and Packaged Medicaments ($147M), importing mostly from China ($1.12B), South Africa ($670M), United Arab Emirates ($616M), India ($599M), and Oman ($544M).

The fiscal deficit is projected to further narrow to 5.4% of GDP in 2023 and 4.7% in 2024, financed predominantly through domestic borrowing and, to a lesser extent, external borrowing. Inflation is projected to moderate to 7.0% in 2023 and 5.5% in 2024.

https://prod.oec.world/en/profile/country/mus?redirect=true

Norb Leahy, Dunwoody GA Tea Party Leader

Mauritius Problems 6-27-24

Weaknesses. Commercial, economic, and political dependence on Europe and Asia, especially China and India, because of their extreme dependence on food and energy imports. Island location, small domestic market and poor infrastructure. Lack of skilled workers and reduced competitiveness of exports. 

52% of the Land Area is cultivated for agriculture. Historically, sugarcane cultivation has been the main agricultural activity in Mauritius.

Mauritius' party system is stable and socially rooted. It is, by and large, able to articulate and aggregate societal interest with little fragmentation.

Mauritius is vulnerable to expected lower gasoline prices that will impact their exports in 2025.

Norb Leahy, Dunwoody GA Tea Party Leader

Wednesday, June 26, 2024

US Nominal GDP 6-26-24

US Nominal GDP Growth is Declining in 2024. 

United States Nominal GDP Growth was reported at 5.379 % in Mar 2024. This records a decrease from the previous number of 5.864 % for Dec 2023. US Nominal GDP Growth data is updated quarterly, averaging 6.149 % from Mar 1948 to Mar 2024, with 305 observations.

   2024                                Q1 

Nominal GDP                  $28,255,928

Private Consumption      $19,164,218

Fixed Investment              $4,074.510

Govt Consumption           $3,899,938

If Nominal GDP remains at Q1 levels, then the estimated Nominal GDP for 2024 would be $113,023,712.

Private consumption would be $76,656,872

Fixed Investment would be $16,298,040

Government Consumption would be 15,599,752

https://www.google.com/search?q=us+nominal+gdp+by+year+2016+to+present&oq=us+no

Comments

The US Nominal GDP is showing signs of private consumption weakening due to high inflation.

Norb Leahy, Dunwoody GA Tea Party Leader