Taking Orders?

Is that what Philippine President Rodrigo Duterte is doing with his just-acquired colonial master?  Or is this just another outcome from President Barack Obama’s (D) trailing along leading from behind?

The Philippine defense chief said Friday that he had suspended participation in any joint patrols with the US of the disputed South China Sea, the first concrete sign of a crack in the military alliance following the election of President Rodrigo Duterte.

Defense Secretary Delfin Lorenzana also said he also would ask a small detachment of American troops providing counterterrorism assistance on the southern island of Mindanao to leave as the president requested.

That last comes with Duterte’s proviso that our troops would not be asked to leave until the Philippine military can carry out its own counterterrorism operations.  That’s a judgment, though, that Duterte can make at any time.  Or when the PRC is ready to make its next move vis-à-vis the Philippines and leading us from the region.

Duterte’s rationale for halting the joint patrols is a reflection of the PRC’s growing influence over him:

Mr Duterte has said he wanted the patrols halted to avoid antagonizing Beijing….

Indeed.

Apparently Bureaucrats Don’t Have Enough Control Already

The European Commission is considering unilaterally expanding the scope of its authorities.

The European Union’s antitrust authority on Friday said it was considering changes to its merger review rules to include a wider swath of technology and pharmaceutical deals that normally wouldn’t fall within its purview but could possibly harm the bloc’s internal market.

…the European Commission said it was fielding opinions from the public on whether the regulator should also probe mergers involving companies with smaller revenues.

Because instructing the big companies on the business decisions the Commission would permit them to take doesn’t have enough juice for them anymore.

Such a move would be especially significant for the digital and pharmaceutical sectors, the EU said, where an acquired company might generate little turnover but holds commercially valuable data or owns products under development that haven’t yet been marketed.

That’s an area of regulatory vacuum, and we can’t have that, now can we?  Besides those data and nascent products represent action on which the EU wants its vig.

What Are You Going To Do?

President Barack Obama (D) has (finally) decided to identify publicly the Russian government as being behind Democratic Party associated email systems and as attempting to interfere with our elections,

The intelligence agencies, in a joint statement, alleged the hacks were directed by the most senior officials in the Russian government.

“We believe, based on the scope and sensitivity of these efforts, that only Russia’s senior-most officials could have authorized these activities,” the statement said.

Now that you’ve said that through the intelligence community, what are you going to do about it, Mr Obama?  What concrete actions is the United States going to take in response to these provocations?  Besides more of your idle chit chat, I mean.

An administration official said the US government could activate numerous measures in response to the alleged Russian operation, including diplomatic and economic steps as well as criminal charges.

So, we’ll stop talking to the Russians about this, like we did over their Syrian activities?  They’ll really be bothered by that.  Sure.

Criminal charges?  Do you seriously expect Russia to extradite their miscreants for trial here in their enemy’s jurisdiction?

Economic sanctions?  How well has that worked in getting Russia out of Ukraine and Georgia?  How well did that work in stopping the Russians from moving nuclear missiles into Kaliningrad?

As I said, besides your idle chit chat, what are you going to do?

Restricting Supply or Demand?

Only in a centrally planned economy would either be tried, much less both on the same item.

Seventeen Chinese cities have imposed restrictions on buying real estate in the past week as China’s leadership tries to cool a home-purchasing frenzy that is sending prices soaring.

These restrictions come with the justification that demand is too high—there’s too much money running in—for the supply of housing that’s actually available.  And, in addition to increasing the down payment required to get into a house (which should be a bank decision, not a government one (except that the PRC’s banks are controlled by governments at various levels of the hierarchy)), the government is requiring that

families who have two or more properties [are barred] from taking out mortgages and buying more.

By restricting demand in this way, the government also is restricting the supply.  While it’s true that capital projects—house and apartment building, in this case—take more time to come to fruition than money takes to come into the demand side, this artificial restriction on demand eliminates incentive to supply.

The PRC is ignoring the fact that, in a properly free market, supply and demand do a fine job of restricting each other—and at prices satisfactory to both suppliers and demanders.

Must Be

…a pretty all right guy.

Supporters for Democratic presidential nominee Hillary Clinton and Senator Harry Reid (D) attacked Donald Trump after the Republican presidential nominee told his supporters about the “correct” way to pronounce Nevada.

And

“If Donald Trump wants to come down from the penthouse his daddy bought him to lecture us on how to say Nevada, he could at least pronounce it correctly,” Reid said in a statement. “Instead, Trump told us we pronounce the name of our state wrong minutes before he refused to take a position on Yucca Mountain.

“I have news for Donald: it’s pronounced Nev-AD-a….”

After all, this is the only criticism the Democrats can come up with in Nevada.