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Chinese company Anbang Insurance to buy B.C. retirement home chain


Reading this article today, I am dumbfounded that Anbang managed to get this far in the purchase of B.C. commercial real-estate without red flags going up. This mysterious Chinese company, Anbang Insurance Group has attracted the attention of The New York Times, The Wall Street Journal, Forbes, Fortune Magazine, and government authorities in the United States and other countries. A months-long investigation by the New York Times revealed an extremely opaque structure, empty offices, obscure shareholders, and extensive political connections to the Chinese elite. Anbang has all the earmarks of Chinese money laundering, corruption at the highest levels, and mysterious shell companies. It is a cautionary tale for Canadian authorities fretting over foreign real-estate buyers and skyrocketing real-estate prices.

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Boris Johnson is a clown who has united the EU against Britain


Britain can be proud of itself. Once again, it had already shown the world the way. In propelling Boris Johnson and Nigel Farage to triumph on 23 June, it demonstrated well before 8 November that Donald Trump was nothing new. In fact foolishness, vulgarity, inconsistency, and irresponsibility seem actually to be British inventions that have been painstakingly copied – once more – by the Americans. The age of such drab characters as Margaret Thatcher and David Cameron is over. No more, it appears, must we suffer leaders equipped with a brain and a sense of the common interest. The hour of the political clown has come.

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The Collapse of the Trans-Pacific Partnership


The Trans-Pacific Partnership began modestly years ago with New Zealand and a few other southeast Asian countries and mushroomed into a Pacific regional plan as the cornerstone of Obama’s pivot towards Asia. It has attracted the ire of both left-wing progressives and now Donald Trump, who has announced his intention to cancel U.S. participation in TPP. The criticism has ranged from it being part of the New World Order conspiracy to loss of jobs, damage to the global environment, and a host of other issues. It is considered to be a crucial factor in the populist revolt against so-called “free” international trade, and the rise of protectionism. Regrettably, it will likely go ahead in some form, regardless, with China in the leadership role, not the United States. The probable consequences of this are grave

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China warns Trump against abandoning climate change deal


We are now seeing the first indications of the consequences of a Trump withdrawal from the international community. China has seen an opportunity to displace the United States and to advance China’s own aspirations to take a more aggressive and visible leadership role in the COP21 agreement. The simultaneous announcement of the de facto death of the TransPacific Partnership (TPP) has also opened a new opportunity for Chinese hegemony in the Asian economic and geopolitical world. Regardless of the Trumpist views on climate change and foreign trade, we are proverbially cutting off our noses to spite our faces.

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Trump, Brexit And The Rise of Populism


We are witnessing an extraordinary global upheaval, the outcome of which seems very uncertain at best. In my view, it is a populist reaction to globalization, and a dramatic shift in politics around the World, from economic issues to cultural issues. I see globalization as ultimately an inevitable evolution of human culture, but which by its very nature and the acceleration in the pace of change with the World Wide Web, is fomenting unrest and reaction. Marshall McLuhan, the great Canadian visionary correctly predicted the rise of the “global village” in the 1960’s. But neither McLuhan nor we foresaw the backlash against the Internet and efforts by China, Russia, Turkey and other countries to block free access to the Internet. The global economy also has essentially stagnated since the Global Financial Meltdown. This has been a warning of greater issues rising up around the World. Xenophobia, racism, gender issues, freedom of expression, environmentalism, and terrorism have displaced economics as the top political issues. How this all plays out in the “global village” is anyone’s guess.

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Bayer’s Proposed $56 Billion Monsanto Acquisition No Done Deal


The global agribusiness industry has recently seen a feeding frenzy of merger and acquisition activity. The announcement this week of Bayer’s proposed purchase of Monsanto after months of difficult negotiation is only one among other such industry consolidation deals. Dow Chemical and DuPont agreed last year to merge their crop science businesses, a deal currently under Justice Department review. Canadian fertilizer companies Potash Corp. and Agrium also agreed to merge this week. Finally, Swiss pesticide giant Syngenta AG agreed to a $43 billion takeover by China National Chemical Corp., a state-owned conglomerate that already sells generic agricultural chemicals. The bigger picture suggests severely reduced competition, higher prices for farmers and consumers, and increased global corporate control of crop seeds, particularly GMO’s. So what is going on here?

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Something Is Rotten In Canada: Chinese Real-Estate Fraud On A Global Scale


In the last three days, both The Globe & Mail and CBC News have published disturbing stories about the scale of the Chinese infiltration of the Vancouver housing market that go well beyond anything understood or encompassed by BC government or federal government action on the problem. The CBC reported that at least $13.5 Million in cash has been confiscated from Chinese recently entering Canada at Vancouver International Airport. The following story, reblogged from The Globe & Mail, tells a tale of fraud, manipulation, and tax evasion on a massive scale. It also tells an embarrassing tale of gross incompetence by Canadian authorities. All of this is consistent with other investigative journalists reports from the United States on other similar fraudulent Chinese real-estate activities. Some of these reports go back years. The original Mossack Fonseca “Panama Papers” revelations that indicated that many of the Chinese elite with family links to Li Xinping, and The People’s Liberation Army had Mossack Fonseca accounts should have been a red flag for Canada, but was not. We are living in an entirely new global economy manipulated by dark forces. What will we do now that Vancouver has been ruined for decades to come?

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Cultural Revolution II? South China Morning Post Closes Its Chinese Language Website


This has just hit the wires tonight, September 11th. The South China Morning Post, perhaps the most influential and important bilingual, English and Chinese, media outlet in Hong Kong has suddenly and somewhat mysteriously announced that it is ceasing operations of its Chinese-language website nanzao.com. SCMP is owned by Jack Ma and Alibaba. It should also be noted that local elections in Hong Kong last week elected at least six new “pro-democracy” legislators.

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Mysterious Chinese Firm On Real Estate Spending Spree A Cautionary Tale For Canada


A mysterious Chinese company, Anbang Insurance Group has attracted the attention of The New York Times, The Wall Street Journal, Forbes, Fortune Magazine, and government authorities in the United States and other countries. The cause of the scrutiny has been Anbang’s sudden involvement in a number of massive multi-billion dollar real estate investments around the World. Formed in 2004, Anbang apparently holds assets worth at least $295 Billion, but a months-long investigation by the New York Times has revealed an extremely opaque structure, empty offices, obscure shareholders, and extensive political connections to the Chinese elite. Analysis of Anbang and its operations holds a potential lesson for Canadian authorities fretting over foreign buyers and skyrocketing real-estate prices.

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Apple €13 Billion Tax Bill Really A Fight Over Who Gets the Money: EU or US?


Today’s long-expected announcement that the European Union has assessed that Apple owes €13 Billion ($14.5 Billion) in back taxes to Ireland and the EU, is only one part of a much larger story of multinational corporations global tax jurisdiction and tax avoidance, and a looming fight between the EU and US over which one gets the €13 Billion. There is not much disagreement whether Apple actually owes the money. It also reopens the as yet unresolved matter of multinational corporate taxation, most recently exposed by Pfizer’s announcement that it would move its HQ to Ireland to avoid U.S. taxation, which was later blocked by the U.S. government.

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