War

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Satellite Images Reveal Heavily Damaged Russian Ship at Ukraine Port
Satellite images released Friday by a private U.S.-based company show a Russian Alligator class landing ship burned and partially submerged in the port in the Ukrainian city of Berdyansk.

The images show smoke billowing out of a storage tank at the port with the capsized ship nearby. The ship reportedly had come under fire from Ukraine military forces. The damage was revealed in satellite images by Maxar Technologies, a company that has been tracking Russian forces in Ukraine.

According to CNN, the port had recently been occupied by Russian forces. Several Russian warships were docked there.

Read more: Satellite Images Reveal Heavily Damaged Russian Ship at Ukraine Port | Newsmax.com

The news network said Ukrainian armed forces on Friday identified the damaged ship as the "Saratov."

In a statement, the armed forces said: "In the Azov operational zone, according to updated information, a large landing ship, 'Saratov,' was destroyed during the attack on the occupied ... port. Large landing ships 'Caesar Kunikov' and 'Novocherkassk' were [also] damaged. Other losses of the enemy are being clarified."

The U.S. acknowledged that Ukraine likely did conduct a successful attack against Russian ships at the port on Thursday, according to a defense official. However, it is unclear what type of weapons were used in the attack.

CNN noted an analysis of videos on social media reveals one Russia vessel was able to leave the port right after the explosions on Thursday.

Satellite Images Reveal Heavily Damaged Russian Ship at Ukraine Port

Satellite images released Friday by a private U.S.-based company show a Russian Alligator class landing ship burned and partially submerged in the port in the Ukrainian city of Berdyansk.

www.newsmax.com

 

[DIY-HP-LED]

Pentagon: Russia has lost partial control of first captured Ukrainian city
Russian forces are no longer in full control of Kherson, the first Ukrainian city Kremlin troops captured as part of its invasion into the country, a senior U.S. defense official said Friday.

“We’ve seen reports of resistance there in areas that were previously reported to be in Russian control,” the official told reporters. “We can’t corroborate exactly who is in control of Kherson, but the point is it doesn't appear to be as solidly in Russian control as it was before ... we would argue that Kherson is actually contested territory again.”

The official said Ukrainian forces are fighting to take back control of the vital port city located northwest of Crimea.


However, that U.S. assessment has been challenged by both Russian and Ukrainian officials.

Col. Gen. Sergei Rudskoy, the Russian defense ministry’s deputy head of the general staff, on Friday said the Kherson region was “under full control.”

And Ukrainian officials also said the city still looked to be under Russian control but that there were battles across the broader area, The New York Times reported.

Ukrainian forces have been able to bog down Russian troops across most major fighting hot spots in the country, frustrating the Russians and dealing major blows to President Vladimir Putin’s move to take the former Soviet state.

Should Kherson indeed be contested or eventually taken back, it would make it difficult for Moscow to move to take control of other major Ukrainian ports, including Odessa.

“That would be significant if the Ukrainians were able to take Kherson back. It is a strategically located city,” the official said.

Losing Kherson would also put at risk Russian troops fighting in nearby Mykolayiv, the official added.

Russian forces around Kyiv, meanwhile, are now in defensive positions and have stopped “any interest in terms of ground movement” toward the capital city.

“They’ve not made any advances toward the city, either from the north or northwest, and to the east of Kyiv, we still hold them about where they were before,” according to the official

“They are digging in, they’re establishing defensive positions, they don’t show any signs of being willing to move on Kyiv from the ground,” they said.

The official added that the assessment is in line with the U.S. view that Russia is now “prioritizing” fighting in eastern Ukraine, particularly the contested Donbas region where fighting has occurred since 2014.

“Clearly, they overestimated their ability to take Kyiv, and frankly they overestimated their ability to take any population center,” they said.

Rudskoy confirmed as much in his comments earlier on Friday.

“In general, the main tasks of the first stage of the operation have been completed,” he said. “The combat potential of the armed forces of Ukraine has been significantly reduced, allowing us, I emphasize again, to focus the main efforts on achieving the main goal: The liberation of Donbas.”

The Russians are, however, continuing to bomb cities, with some 1,250 missiles launched at Ukrainian targets since the attack began Feb. 24.

U.S. intelligence has also picked up indications that Moscow has started pulling from its forces in Georgia to send into Ukraine, the official noted.

Washington has seen “movement of some number of troops from Georgia,” — where Kremlin troops have been stationed since they invaded in 2008 — but the defense official could not provide a number.

Pentagon: Russia has lost partial control of first captured Ukrainian city

Russian forces are no longer in full control of Kherson, the first Ukrainian city Kremlin troops captured as part of its invasion into the country, a senior U.S. defense official said Friday.“We’ve…

thehill.com

Like to see them lose Georgia.

He only has part of it, same as Ukraine and if he loses badly in Ukraine, he could have trouble there, NATO has been training the Georgians and they won't get out this time. If Vlad doesn't sign a peace treaty with Ukraine, there could be thousands of Ukrainian troops in Georgia spoiling for a fight and even backing a revolutionary government in Belarus, before he can get his bearings and they blow the railways at the border. This is what he risks, if he doesn't sign a peace treaty with Ukraine and if they get him by the balls and that looks more likely with every passing day.

 

[printer]

Ukraine: Russia Imposing Russian Language Education in Occupied Regions
Russian officials are purging Ukrainian language education in the captured southern regions of Ukraine, are actively looking for publications that don't follow the pro-Russian narrative of the war and are setting up political agitation points for the ruling United Russia political party.

Ukraine's Main Intelligence Directorate of the Ministry of Defense reported the seizure of literature on Thursday. The report focused on eastern territories of Ukraine, which Russia sees as a sympathetic stronghold, as well as freshly captured territories in the north of the country.

Ukraine: Russia Imposing Russian Language Education in Occupied Regions

Russia officials are purging Ukrainian language education in the captured southern regions of Ukraine, are actively looking for publications that don't follow the pro-Russian narrative of the war and are setting up political agitation points for the ruling United Russia party.

www.newsmax.com

 

[printer]

China’s yuan under pressure amid ‘unprecedented’ capital outflows following Russian invasion of Ukraine

• • Investors have pulled money out of China on a huge scale even as flows to other emerging markets held up, the Institute of International Finance says

• • Analysts expect fund outflows in yuan-denominated assets to remain volatile in coming weeks, raising concerns about how authorities will manage the yuan

Global investors have withdrawn money out of China on an “unprecedented” scale since Russia invaded Ukraine in late February, according to a report by the Institute of International Finance (IIF), with the yuan likely to face more pressure in coming months.
High-frequency data detected large portfolio outflows from Chinese stocks and bonds, even as flows to other emerging markets held up, the IIF wrote in a report on Thursday.

China sees ‘unprecedented’ capital outflows after Russia invades Ukraine

Investors have pulled money out of China on a huge scale since Russia invaded Ukraine in late February, even as flows to other emerging markets held up, the Institute of International Finance says.

www.scmp.com

 

[cannabineer]

China’s yuan under pressure amid ‘unprecedented’ capital outflows following Russian invasion of Ukraine

• Investors have pulled money out of China on a huge scale even as flows to other emerging markets held up, the Institute of International Finance says

• Analysts expect fund outflows in yuan-denominated assets to remain volatile in coming weeks, raising concerns about how authorities will manage the yuan

Global investors have withdrawn money out of China on an “unprecedented” scale since Russia invaded Ukraine in late February, according to a report by the Institute of International Finance (IIF), with the yuan likely to face more pressure in coming months.
High-frequency data detected large portfolio outflows from Chinese stocks and bonds, even as flows to other emerging markets held up, the IIF wrote in a report on Thursday.

“Outflows from China on the scale and intensity we are seeing are unprecedented, especially since we are not seeing similar outflows from the rest of emerging markets,” said the IIF report.

“The timing of outflows – which built after Russia’s invasion of Ukraine – suggests foreign investors may be looking at China in a new light, though it is premature to draw any definitive conclusions in this regard.”

According to China Central Depository & Clearing, a depository for government bonds, overseas investors’ holdings of Chinese onshore bonds fell by 67 billion yuan (US$10.5 billion) in February.


“It’s likely that the outflows [out of bonds] would be even larger in March,” said Macquarie Capital on Tuesday.
In the first 21 days of March, China also saw a net outflows of 59 billion yuan through the northbound Stock Connect programme with Hong Kong, although the total amount was smaller than the 70 billion yuan of fund outflows recorded in March 2020, the Macquarie report noted.

Analysts expect fund outflows in yuan-denominated assets to remain volatile in the coming weeks, raising concerns about how the People’s Bank of China will manage the yuan amid predictions that another rate increase by the US Federal Reserve to tackle inflation could exacerbate outflows from emerging markets and weaken currencies.

The war has renewed fears in Taiwan of increasing risks of military aggression from the Chinese mainland, which views the island as a breakaway province to be reunited, by force if necessary. The sentiment, in addition to the expectations of the US Federal Reserve rate decision, has weighed on the island’s stock market.

Foreign investors have sold NT$450.2 billion (US$15.7 billion) worth of stocks in the four weeks since the start of the war on February 20, almost equal to the total equity sales by foreign investors in 2021, according to SCMP calculation based on data from the Taiwan Stock Exchange.

The global market has been volatile since the start of the war, partly also due to the 25-basis-point increase in its short-term benchmark rate by the US Federal Reserve earlier this month.

US Federal Reserve policymakers on Wednesday also signalled they are ready to take more aggressive action to bring down unacceptably high inflation, including a possible half-percentage-point interest rate increase at the next policy meeting in May.

Freya Beamish, head of global macro at London-based research firm TS Lombard, said that China’s “stubborn” management of the yuan would test political limits of low growth.

“Prolonged weak growth would in any case lead to yuan depreciation … eventually,” she said on Thursday.
“If the authorities are not able to get creative about creating liquidity, China is headed for its equivalent of a recession.”
The country’s foreign exchange reserves, the world’s largest, fell to US$3.214 trillion at the end of February from US$3.222 trillion, despite a strong yuan exchange rate with the dollar.

Credit demand was much weaker than expected in February as new bank lending in China fell to 1.23 trillion yuan (US$193.2 billion), down sharply from a record 3.98 trillion yuan in January, raising pressure on the central bank to ease policy further to support the slowing economy. Beijing has set a growth target of “around 5.5 per cent” for 2022.
China’s economy in the first quarter is expected to reflect damage from its worst coronavirus outbreaks in more than two years, as new infections have climbed over the past few weeks.

“As it is already the end of the first quarter, the risk of quarter [gross domestic product] growth falling short of 4 per cent has been on the rise. If that is the case, the entire year’s growth target, at 5.5 per cent, would be facing tremendous uncertainties as well,” said Commerzbank on Friday.
Already, US moves to tackle inflation have resulted in hesitation by China’s central bank over how much loosening – including rate cuts – it needs to bolster the economy, while it also tries to avoid adding pressure on the yuan.

China’s yuan appreciated slightly to 6.3585 per US dollar on Friday, rebounding from a 10-day low seen on the day before.

The currency is among the few in the region on track to end the week stronger than where it started.
Swiss bank UBS said in a note last week that it expected China to allow “limited” depreciation in the yuan.

“The limited yuan depreciation in all cases is in part due to UBS global view that the US dollar will weaken from current levels, but also because we believe the Chinese government would not want to see significant currency depreciation and is likely to tighten controls on capital outflows if necessary to slowdown the depreciation,” UBS said.

China’s foreign-exchange regulator the State Administration of Foreign Exchange said last week it would track cross-border capital flows more closely while trying to help companies defend against forex risks.

“In any case, the pressure for capital outflows does increase this year, due to the Fed hike cycle and the war. As a result, we expect the yuan to weaken modestly to 6.5-6.6 against the US dollar toward the year-end,” said Larry Hu, chief China economist at Macquarie Capital.
“That said, the elevated trade surplus and the large dollar pool built by Chinese banks and corporates over the past couple of years could help cushion the shocks from the external side.

“As a result, the pressure from capital outflows would not constrain the policy easing this year.”

China sees ‘unprecedented’ capital outflows after Russia invades Ukraine

Investors have pulled money out of China on a huge scale since Russia invaded Ukraine in late February, even as flows to other emerging markets held up, the Institute of International Finance says.

www.scmp.com

Hang’em til they admit to knowing what sovereignty is (cough Taiwan cough)

 

[Roger A. Shrubber]

It's all Russia has. Their Gas and Oil is all that keeps the lights on at the Kremlin.
So they are now desperate.
I would think they would want Euros or the traditional Dollars but then again ( HA HA! ) Russia can't Bank like they used to.

Great post!

if other countries are forced to buy rubles to pay for their gas, it will make the value of the ruble rise, which is exactly what we don't want to happen

 

[DIY-HP-LED]

Institute for the Study of War

Russian President Vladimir Putin has consistently sought a set of objectives since his rise to power in 2000: the preservation of his regime, the end of American hegemony, and the reinstatement of Russia as a global power. The West must understand

www.understandingwar.org

 

[Roger A. Shrubber]

I've kept my hopes high. Still do. However, the Russian War Machine is bigger than Ukraine's especially since some factories have been distroyed. Also add that to food has been destroyed.

I really hope NATO (and USA) step up with the weapons and such.

So this is "The Short Game" The Long Game is the Economics and I as I wrote it appears that EU has decided to build Liquid Natural Gas facilities so that places like the USA can sell LNG in the EU.

It's hard to keep up with all the news shows but that one, the LNG, is a deep cut to Russian prosperity going forward. Something like 2032 it will be going in force and also be able to switch to Hydrogen at some point in the future and not LNG.

that's a russian propaganda story he's getting and translating. whenever you see that ria-ru tag at the bottom, that's russiand news translated to english

 

[DIY-HP-LED]

Ukraine: Russia Imposing Russian Language Education in Occupied Regions
Russian officials are purging Ukrainian language education in the captured southern regions of Ukraine, are actively looking for publications that don't follow the pro-Russian narrative of the war and are setting up political agitation points for the ruling United Russia political party.

Ukraine's Main Intelligence Directorate of the Ministry of Defense reported the seizure of literature on Thursday. The report focused on eastern territories of Ukraine, which Russia sees as a sympathetic stronghold, as well as freshly captured territories in the north of the country.

According to the report, Russia is using "military police" in the Sumy and Chernihiv regions in the north and Luhansk and Donetsk regions in the east to enforce the policy.

"They are most interested in books that focus on Ukraine's 'maidans,' the war in the East and other texts that cover revolutionary history," the report stated, using a term used to identify Ukraine's civilian-led insurgent movements. "Also, regular history books, scientific and popular historical literature is considered 'extremist.'"

Additionally, the report identifies historical Ukrainian revolutionary and Cossack figures whose names should not be mentioned in publicly available literature. They include Ivan Mazepa, a Cossack leader who gathered a militia of Ukrainian villagers and waged war against Russia in the 18th century.

Ukrainian language education is the other target.

In the recently captured Melitopol in the southern Kherson region, Mayor Ivan Fedorov reported that Russian forces have been visiting schools to coerce a switch to Russian. Fedorov was abducted and threatened earlier in the war but was released following mass protests. The city's population seems to be defiant to Russia's rule.

"I know that Russians have been going around every school and telling teachers to start using Russian starting April 1. Nevertheless, I always found there to be unity in public education in the city. I'm sure they'll all continue to prioritize our kids and their future," Fedorov said.

Russia is instituting the policy by creating local occupational administrations.

The intelligence report mentions administrations in all of the captured regions. Additionally, new reports have come from the southern port city of Mariupol's city council.

"Just near the city's borders, Russia has opened an office for the 'United Russia' party in the Metro mall," the report said. "According to the remaining population in the city, the office is distributing party literature, campaigning for Russia and giving out SIM cards named 'Phoenix.' The sim cards have been used in occupied Eastern regions since the start of the war in 2014."

One of Russia's justifications for its invasion of Ukraine was the claim that Russian speakers were being oppressed. The polling agency Rating, however, showed that those who consider Ukrainian to be the language most close to them has grown from 57% in 2012 to 76% as of Friday.

Moreover, the number of people who use Russian in day-to-day life has fallen from 40% in 2012 to 18% in 2022. In fact, the invasion has only increased the desire to switch to Ukrainian only in respondents, the poll analysis suggests.

Ukraine: Russia Imposing Russian Language Education in Occupied Regions

Russia officials are purging Ukrainian language education in the captured southern regions of Ukraine, are actively looking for publications that don't follow the pro-Russian narrative of the war and are setting up political agitation points for the ruling United Russia party.

www.newsmax.com

Who do they think they are, republicans!

 

[Roger A. Shrubber]

I believe we need to respect the official exchange rate of 95 rubles to the dollar instead of the international rate of 102.

"we" don't buy oil or gas from russia...gotta talk to those EU people about that shit

 

[cannabineer]

"we" don't buy oil or gas from russia...gotta talk to those EU people about that shit

I can imagine the Germans giggling. They don’t do that often.

 

[Roger A. Shrubber]

And the hits just keep on coming …..


View attachment 5107985View attachment 5107983View attachment 5107984

i posted that clip yesterday

• #6,192

 

[Budzbuddha]

i posted that clip yesterday

• #6,192

Oops - middle of sesh

 

[printer]

Investigation finds at least 34 Russian attacks on Ukrainian medical facilities
The Associated Press has independently documented at least 34 assaults on Ukrainian medical facilities by Russian forces.

AP journalists in Ukraine have seen firsthand the deadly results of Russian strikes on civilian targets, including the final moments of children whose bodies were shredded by shrapnel and dozens of corpses heaped into mass graves.

AP journalists outside Ukraine have confirmed the details of other attacks by interviewing survivors and independently verifying war zone videos and photos posted online.

The accounting is part of the War Crimes Watch Ukraine project, a broader effort by AP and PBS “Frontline” to track evidence of potential war crimes for the duration of the conflict.

The United Nations High Commissioner for Human Rights confirms at least 1,035 civilians, including 90 children, have died and another 1,650 civilians have been wounded since the war started a month ago.

Those numbers are certainly an undercount since scores of bodies now lie under the rubble of demolished buildings or were hurriedly buried in mass graves, or the deaths occurred in areas now under Russian control.

Investigation finds at least 34 Russian attacks on Ukrainian medical facilities

* * *

www.timesofisrael.com

 

[DIY-HP-LED]

Russian artillery control vehicle “Rheostat” seized in southern Ukraine!

 

[DIY-HP-LED]

Number of Russian senior officers killed ‘unprecedented’ : retired Marine officer

Hal Kempfer is the CEO of Global Risk Intelligence and Planning and a retired Marine intelligence officer.

 

[DIY-HP-LED]

Ukrainian Bayraktar TB-2 aided an artillery strike hit the russian army!

 

[DIY-HP-LED]

Surely the helicopters use digital encrypted radios, but might not be able to communicate with ground forces using old analog ones. If the Ukrainians can use their captured radios or use their own, they might be able to call down air strikes on Russian troops, by Russian aircraft. The only place they are operating are over their own areas, so calling down a strike on the Russians using their own aircraft should not be too difficult, their operational security sucks. When they start hammering their own troops on the ground, different radio systems might be preventing them from communicating directly. After that happened an attack on the ground would be more successful.

They use analog radio for artillery and have poor security and discipline when on them, they are in the CB era of the 80's. The Ukrainians, many of whom speak perfect Russian and can even imitate individuals, they could use their radios to call down artillery and rocket fire on the Russians. It's likely they already have, in the fog and chaos of war.
------------------------------------------------------------------------------------------------------------------------------
Russian Ka-52 strike its own forces in Karkov!

 

[Jimdamick]

I coulda put this in the Happy thread because it made me laugh.

Pretty funny, eh

 

[Friendly_Grower]

China’s yuan under pressure amid ‘unprecedented’ capital outflows following Russian invasion of Ukraine

• • Investors have pulled money out of China on a huge scale even as flows to other emerging markets held up, the Institute of International Finance says

• • Analysts expect fund outflows in yuan-denominated assets to remain volatile in coming weeks, raising concerns about how authorities will manage the yuan

Global investors have withdrawn money out of China on an “unprecedented” scale since Russia invaded Ukraine in late February, according to a report by the Institute of International Finance (IIF), with the yuan likely to face more pressure in coming months.
High-frequency data detected large portfolio outflows from Chinese stocks and bonds, even as flows to other emerging markets held up, the IIF wrote in a report on Thursday.

“Outflows from China on the scale and intensity we are seeing are unprecedented, especially since we are not seeing similar outflows from the rest of emerging markets,” said the IIF report.

“The timing of outflows – which built after Russia’s invasion of Ukraine – suggests foreign investors may be looking at China in a new light, though it is premature to draw any definitive conclusions in this regard.”

According to China Central Depository & Clearing, a depository for government bonds, overseas investors’ holdings of Chinese onshore bonds fell by 67 billion yuan (US$10.5 billion) in February.


“It’s likely that the outflows [out of bonds] would be even larger in March,” said Macquarie Capital on Tuesday.
In the first 21 days of March, China also saw a net outflows of 59 billion yuan through the northbound Stock Connect programme with Hong Kong, although the total amount was smaller than the 70 billion yuan of fund outflows recorded in March 2020, the Macquarie report noted.

Analysts expect fund outflows in yuan-denominated assets to remain volatile in the coming weeks, raising concerns about how the People’s Bank of China will manage the yuan amid predictions that another rate increase by the US Federal Reserve to tackle inflation could exacerbate outflows from emerging markets and weaken currencies.

The war has renewed fears in Taiwan of increasing risks of military aggression from the Chinese mainland, which views the island as a breakaway province to be reunited, by force if necessary. The sentiment, in addition to the expectations of the US Federal Reserve rate decision, has weighed on the island’s stock market.

Foreign investors have sold NT$450.2 billion (US$15.7 billion) worth of stocks in the four weeks since the start of the war on February 20, almost equal to the total equity sales by foreign investors in 2021, according to SCMP calculation based on data from the Taiwan Stock Exchange.

The global market has been volatile since the start of the war, partly also due to the 25-basis-point increase in its short-term benchmark rate by the US Federal Reserve earlier this month.

US Federal Reserve policymakers on Wednesday also signalled they are ready to take more aggressive action to bring down unacceptably high inflation, including a possible half-percentage-point interest rate increase at the next policy meeting in May.

Freya Beamish, head of global macro at London-based research firm TS Lombard, said that China’s “stubborn” management of the yuan would test political limits of low growth.

“Prolonged weak growth would in any case lead to yuan depreciation … eventually,” she said on Thursday.
“If the authorities are not able to get creative about creating liquidity, China is headed for its equivalent of a recession.”
The country’s foreign exchange reserves, the world’s largest, fell to US$3.214 trillion at the end of February from US$3.222 trillion, despite a strong yuan exchange rate with the dollar.

Credit demand was much weaker than expected in February as new bank lending in China fell to 1.23 trillion yuan (US$193.2 billion), down sharply from a record 3.98 trillion yuan in January, raising pressure on the central bank to ease policy further to support the slowing economy. Beijing has set a growth target of “around 5.5 per cent” for 2022.
China’s economy in the first quarter is expected to reflect damage from its worst coronavirus outbreaks in more than two years, as new infections have climbed over the past few weeks.

“As it is already the end of the first quarter, the risk of quarter [gross domestic product] growth falling short of 4 per cent has been on the rise. If that is the case, the entire year’s growth target, at 5.5 per cent, would be facing tremendous uncertainties as well,” said Commerzbank on Friday.
Already, US moves to tackle inflation have resulted in hesitation by China’s central bank over how much loosening – including rate cuts – it needs to bolster the economy, while it also tries to avoid adding pressure on the yuan.

China’s yuan appreciated slightly to 6.3585 per US dollar on Friday, rebounding from a 10-day low seen on the day before.

The currency is among the few in the region on track to end the week stronger than where it started.
Swiss bank UBS said in a note last week that it expected China to allow “limited” depreciation in the yuan.

“The limited yuan depreciation in all cases is in part due to UBS global view that the US dollar will weaken from current levels, but also because we believe the Chinese government would not want to see significant currency depreciation and is likely to tighten controls on capital outflows if necessary to slowdown the depreciation,” UBS said.

China’s foreign-exchange regulator the State Administration of Foreign Exchange said last week it would track cross-border capital flows more closely while trying to help companies defend against forex risks.

“In any case, the pressure for capital outflows does increase this year, due to the Fed hike cycle and the war. As a result, we expect the yuan to weaken modestly to 6.5-6.6 against the US dollar toward the year-end,” said Larry Hu, chief China economist at Macquarie Capital.
“That said, the elevated trade surplus and the large dollar pool built by Chinese banks and corporates over the past couple of years could help cushion the shocks from the external side.

“As a result, the pressure from capital outflows would not constrain the policy easing this year.”

China sees ‘unprecedented’ capital outflows after Russia invades Ukraine

Investors have pulled money out of China on a huge scale since Russia invaded Ukraine in late February, even as flows to other emerging markets held up, the Institute of International Finance says.

www.scmp.com

I was remembering something I saw on the Boob Tube.

China is trying to get their employment back up to where it was without success the last I heard. I doubt this event will help.

I'm guessing the Euro and Dollar are getting stronger?