Hillary Clinton’s Golden State ATM

Summary

California, also called the Golden state as a popular name, is where Hillary Clinton has no less than 71 fund-raisers.  A CNN analysis based on ticket prices and attendance figures shows that she raises over $100 million in 2015 and 2016 as a candidate.  You can understand from this, California is the most profitable state.   Although she holds more fund-raisers in New York, events held in New York earn just over $81 million based on the same calculation.  It is because she has spent more time than recent candidates to headline events.  In September, her campaign raised a record $154 million, exceeding the record set by Barack Obama’s campaign in August 2008.

 

Opinion

The political fund is indispensable to fight through an election campaign, all the more when it comes to the presidential election.  However, excessive financing and misunderstanding a purpose will result in problems linking politics and money.   There is no end to news about the unjust acquisition and unjust use of political fund use also in Japan.  What is can be raised as an example of measures to stop abusing of the political fund?  One is to oblige a politician to make a funding source and a way of use clear.

Scottish referendum

summary

The second referendum may be done in Scotland. Nicola Sturgeon is one of the people who think Scotland has to declare independence from UK. According to her statement, independence referendum bill would be published next week. She thinks that UK is unstable now because of withdrawal from EU, so Scotland should declare independence from UK and protect its own profit. However Scottish Secretary David Mindel disagrees second referendum. He thinks second independence referendum is creating uncertainty and damaging the Scottish economy at a time when our growth is lagging behind the UK as a whole.

opinion

I think Scotland shouldn’t declare independence from UK. There are two reasons. First, Scottish oil industry relays on UK. Actually, almost all of the oil that Scotland consumes annually is supplied by UK. Therefore Scottish oil industry will decline if Scotland declare independence from UK. Second, not declaring independence from UK has been already decided once by referendum. The mind of the general public is likely to be overturned easily. If independence referendum will be done again, many people choose to be independent from UK, which spoils the meaning of the result of the first referendum. This is a serious problem. Because of these two reasons, I think Scotland shouldn’t declare independence from UK.

Voice Shaking, Michelle Obama calls Trump Comments on Women ‘Intolerable’

Summary

According to the article, we will know the first lady have claimed that the statement of Mr. trump is clearly assaulting women. Michelle Obama said the statement of Trump is not normal and is not politics as usual. The end of the first lady’s speech says women should stand up and say enough, most importantly is Trump doesn’t deserve women’s vote.

Personal opinion

As far as I am concerned, I am convinced that Mr. Trump’s statement is totally inappropriate. But should not be accused by the first lady. Because we all know the first lady is supporting the democratic, thus, the first lady might be attacking the republican. And use the statement to destroy the election of the republican. Furthermore, the title of women’s right is boosting the supporter of Mrs. Hillary, and giving a good imagination to the first lady, I think Michelle Obama is maybe using this opportunity to join the politics of the US.

Mosul: Iraq and Kurdish troops make gains in battle

Summary

Iraqi government troops and Kurdish fighters started military operations to recapture Mosul from IS in the early hours of Monday. Mosul, the second-largest city in Iraq, was seized by IS in June 2014. An Iraqi military source told the BBC that their attacks were operated well at the moment. IS-linked news agency, Amaq, reported information about their military actions, but IS has not made an official comment. However, the situation is further complicated. The battle between not only Iraqi-government and IS but also Sunni Arabs and Shia Arabs are occurred. Also, Mosul is the diverse city including Kurds, Assyrians, Turkmens and a variety of religious minorities. In short, It has become confusing.

Opinion

Religious conflicts are very serious and sensitive questions because religion is deeply related to people’s mind which cannot be changed easily. Nevertheless, one thing we have to keep in mind is that not all extreme or sensational actions are concerned with religion. For example: Although IS has made some terrible actions, Islam is not necessarily bad. Not all Muslims are cruel. Furthermore, another thing I want to say is that Japanese people ought to have more interest with religion. Sometimes Japanese people say that it is important for us to be tolerant to other religions. But I want to ask them: Do you know how profound religions are? Do you know how high “the mental wall” between one religion and others? I cannot answer.

US creates 156,000 jobs in September

Summury
There are many points of improvement and the points of issue in the US economy in September.
According to official figure, the US economy creates 156,000 jobs in September but it doesn`t satisfy US economy`s expectation. On the other hand, the employment growth in August was over anticipation.(the anticipation was 151,000 and the real figure was 167,000)
The unemployment rate reached to 5% from 4.9%. This fact shows the US economy doesn`t always go well.
Some analysts made comments both for and against about these facts.
On the plus side, Chris Beauchamp told that it wasnt a bad report and would help to burnish the case for a rate rise by the end of thos year.
On the contrary James Athey told that he thought the chances of a rate rise would have receded.

Opinion
I think the way of solving yhe employment issue is to become less long work hours and less overtime work and more hiring regular employee. According to statistics, this way can increase regular employee more than 1.6 million. However, this method may be fraught with risks too.
This risk is afraid of leading company to red.
Employment issue is very tough problem and will not be what can be settled simply.

Young Japanese to get income will fall.

This article is written about income. Middle class’s (China, India) income rise.  Lower earners (USA, UK) income fall, but some richest individuals get big money.

I think that globalization in the world make Japanese employ worse, because richest people ask South East Asia to work. The work is to make cloths, to cut down tree, to manufacture food or something.  In 20 century, large Japanese take charge of the works, but now young Japanese having a problem.  They cannot employ the work.  It is called “Syusyoku Hyougaki”.  These cause is globalization.

Recently, South East Asian, Chinese and Korean are working in a convenience store or super market. I often see it. They speak not only Japanese but also English, Chinese or something very well, moreover they look very fun while they work.  So, young Japanese are lost their jobs.

However, globalization has some good points. Japan imports various cultures, and get chance to work in the world. CEO can make South East Asian work very cheap, then they get big money.  But, only a few people can acquire the chance.  So, I think that economic disparities will swell.

In conclusion, Japan will go forward globalization, therefore young Japanese do more effort. For example, language, investigation about your specially and studying.

Business leaders plead against hard Brexit

Today’s our topic was about Brexit.Brexit means the UK’s leaving from EU.especially,we talked about hard and soft Brexit.Hard Brexit means that the UK will leave the EU without any negotiation and soft one means leaving with negotiation.Hard one can make the UK’s economy more serious. The reason the UK’s government prefer hard Brexit is that the UK can’t accept refugees or immigrants any more.The basic notion of the EU is free moving of people,staffs and money.So it’s really hard just to use the EU market and not to accept people outside.
I think the best way for this problem is different depending on which field you focus on.In terms of politics,the hard Brexit make the UK free from refugees and immigrants.but if you focus on economy the hard Brexit can make the UK’s economy worse because of losing the market of EU which occupied the big part of the UK’s benefit.I,for one,the damage which is caused by Brexit is more serious than that caused by refugees.

China slowdown is global economy’s biggest threat

summary

The previous chief economist of the International Monetary, Fund Ken Rogoff has told a slowdown in China is the greatest threat to the global economy. China is going through a big political revolution. This shows the slow down of the economy will be much more than the officials expects. So if we want to know to look at the  part of the world that has a debt problem look at China. This caused because of the credit fuelled growth that won’t last forever. Last week, the Bank of the International Settlements, said that China’s credit to GDP “gap” stood at 30.1%. This shows that China’s economic boom was based on an unstable credit bubble.The global economy is pretty sharp landing already and China is becoming more of the problem.

opinion

No matter how we tackle to the negative interest rate, we cannot create an inflation. It is not a phenomenon only for Japan. From now on, it is believed that the global economy will be more and more threatened. China is a state which owns everything they can control, except for the worry of hard landing. So if the hard landing of China become realized, the damage to the economy will be unfathomable. Every state in the world is working for the economic down but there isn’t really a substitute for China. China should make every effort to stop the hard landing as fast as they could.

Wealth of people in their 30s has ‘halved in a dacade’

Summary

The report of Institute for Fiscal Studies tell us that today’s thirty-something people are half as wealthy as the same age people ten years ago. In particular, the average wealth of people born in 1970s is £53,000, but people born in 1980s have a wealth of £27,000 averagely. According the think tank, people born in 1980s were the first post war generation and didn’t get higher incomes in early adulthood than people born in 1970s. So, people born in 1980s have missed out on house price increases and better pensions. One of the causes of this situation is a great recession in this article.

 

My opinion

I feel it is very important news for all young people including me, because all future generations maybe have lower incomes than the preceding generations. It means that our generation is poorer than 1980’s generation. This article says the problem of UK society, but it is Japanese problem also. Japan has the long recession called “lost 20 years” and Japanese elderly people have a lot of property against Japanese younger people. A part of young people can’t buy a house and get married because they have small incomes. We should solve the problem that is poverty of young generations as soon as possible.

China’s yuan joins the IMF’s special drawing rights basket

Summary
China’s currency, the yuan (also known as the renminbi) is being added the IMF’s special drawing rights (SDR). This is a supplementary foreign exchange reserve assets and defined and maintained by the IMF. Dollar, euro, yen and pound are already joined it. IMF acknowledged the advances China has made improve the infrastructure of its financial market. They think the yuan will support the growth and stability of China and the global economy.
However some critics argued this move because the yuan does not fully meet SDR that is freely usable or widely used to settle trade in financial markets.
U.S. republican presidential nominee Donald Trump has said he will make China a currency manipulator.

Opinion
I do not know the world economy but this move was a great shock to me. I have known China’s society gradually grow. Recently I see many Chinese doing some shopping in Tokyo. Always Chinese eats and drinks much in the restaurant at that I work part-time. Surely society advances mean economy developments. However I did not realize it.
Japanese postwar economy advances were helped by big country U.S. but China develop by themselves using their large territory and population. The yen already was gotten ahead by the yuan. I think the future that the yuan become the top currency in the world will come soon.
Japan should take measures against world economy to endure China.