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Weeks before a new leader takes office, China chastises the US for allowing a ship to transit across the Taiwan Strait.

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Weeks before a new leader takes office, China chastises the US for allowing a ship to transit across the Taiwan Strait.

Taiwan, Taipei — Less than two weeks before the new president of Taiwan takes office, the Chinese military denounced the passage of an American destroyer across the Taiwan Strait, and Beijing and Washington are working incongruously to resume regular military exercises.

China’s Eastern Theatre Command spokeswoman, Navy Senior Capt. Li Xi, charged that the United States had “publicly hyped” the USS Halsey’s passing on Wednesday. The command, which is in charge of operations near the strait, “organised naval and air forces to monitor” the ship’s passage, according to a statement made by Li.

The Halsey “performed a routine Taiwan Strait transit on May 8 through waters where high-seas freedoms of navigation and overflight apply in accordance with international law,” according to the U.S. Navy’s 7th Fleet.

According to a statement from the military, the guided-missile destroyer passed through a strait corridor that is “beyond the territorial sea” of any coastal state.

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As a concept, it stated, “Halsey’s transit through the Taiwan Strait demonstrates the United States’ commitment to upholding freedom of navigation for all nations.” “No one in the global society should be subjected to intimidation or coercion in order to forfeit their rights and liberties. Everywhere that international law permits, the US military operates and flies.

Beijing views the announcements as a way to retaliate against China’s claim to some degree of control over who can pass freely through the strait, so Beijing’s accusation that the transit was “publicly hyped”—basically meaning it was played up for maximum political effect—has become standard procedure. Neither that the Chinese response was any louder nor that the U.S. Navy had behaved any differently in this most recent instance.

The Defence Ministry of Taiwan declared that it was adequately informed of the destroyer’s passing.

According to the ministry, “the Taiwanese military was closely monitoring the surrounding sea and airspace throughout the transit, and the situation remained normal.”

The last time such a passage occurred was on April 17, the day after the defence chiefs of the United States and China met for the first time since November 2022 in an attempt to ease tensions in the area. After then-House Speaker Nancy Pelosi visited Taiwan in August 2022, Beijing halted all military-to-military communication, causing the relationship to come to a standstill. In retaliation, China launched missiles over Taiwan and intensified its military exercises, appearing to be a practice run for an island-wide navy and air defence.

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China and Taiwan, the democratic self-governing island nation where President-elect William Lai Ching-te will take office on May 20, are separated by the 160-kilometer-wide Taiwan Strait. The Democratic Progressive Party of Lai is in favour of Taiwan’s de facto independence, which allows it to have close unofficial ties with the United States and other major countries.

Around critical dates, like the presidential and legislative elections in January of this year, Taiwan’s military raises its state of alertness, fearing that China would try to intimidate voters and sway public opinion in favour of Beijing’s insistence that unification between the sides is inevitable by using its far more powerful military.

The two sides divided after a civil war in 1949, and in a futile attempt to prevent voters from supporting candidates they disliked, China fired missiles close north and south of the island and conducted military drills as recently as 1996. Since then, China has mostly avoided the spotlight when it comes to elections, preferring to gain the favour of business associations and provide lawmakers and local authorities who are interested in unity sponsored trips to the mainland.

China views the passage of warships from the United States, Britain, and other countries as a challenge to its sovereignty, despite the fact that the often traversed Taiwan Strait is an international waterway and essential to world trade.

China attempts to weaken Taiwan’s defences and scare its 23 million people—many of whom solidly support its de facto independence—by sending military ships and warplanes into the strait and other regions surrounding the island virtually every day.

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China nearly daily sends military ships and aeroplanes into the Taiwan Strait and other nearby regions in an attempt to erode Taiwan’s defences and intimidate its 23 million citizens, many of whom firmly support the island’s de facto independence.

The U.S. Navy not only crosses the Taiwan Strait but also engages in what it refers to as freedom of navigation operations, sailing and flying close to South China Sea features that are held by China. Many of these features are man-made islands that have been “militarised” over time with radar stations, air strips, and other equipment.

China reacts angrily to such actions, blaming the United States of destabilising the region, and claims almost all of the South China Sea, a major maritime route for international trade. It frequently uses its own resources to follow American ships and aircraft and demands that they leave the region right away. China’s claims have been rejected by an arbitration tribunal supported by the United Nations, a decision Beijing has disregarded, while the United States maintains that it has the legal authority to sail in the area.

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Donald Trump declares that “winning over” the South Bronx, a Democrat stronghold, was a “lovefest” with a sizable turnout.

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Donald Trump, the former US president, staged a boisterous rally in the South Bronx on Thursday. In an attempt to win over minority voters, he sought to target one of the most Democratic counties in the country; he claims that the outcome was a huge victory for the campaign.

Days before a Manhattan jury is scheduled to deliberate on felony charges in his criminal hush money trial, the rally in Crotona Park was his first significant campaign appearance in New York since 2016.

Trump spoke to a boisterous assembly of supporters, many of whom were Hispanic and Black. He presented himself as President Joe Biden’s inferior when it came to representing minority groups, particularly when it came to immigration-related matters. Even though the park can only hold 3,500 people, thousands more congregated outside.

“Build the wall” cries from the audience followed Trump’s statement that “the biggest negative impact of the influx of migrants in New York is against our Black population and our Hispanic population who are losing their jobs, losing their housing, and losing everything they can lose.”

Trump stated as he concluded his speech that he was unsure of the welcome he would receive in the Bronx when he got up on Thursday.

“I said, ‘I wonder, will it be hostile or will it be friendly?’” he replied. “It was quite cordial. It was an extravagant romantic event.

Importance of South Bronx’s big turnout for Trump
In New York City, the Bronx has historically been the most Democratic borough. In 2012, Barack Obama received the greatest percentage of votes in the borough—91.2%—of any state. In 2020, Biden secured 83.5% of the borough. Merely 16% of the vote went to Trump.

There were also protests, with union members holding posters that said, “The Bronx says no to Trump,” and the Bronx Democratic Party hosting a counter-event. State Representative Amanda Septimo, a Democrat, denounced Trump’s visit and charged that he was taking advantage of the community’s problems without providing answers.

According to U.S. Census data, the area Trump visited is predominately non-white, with 31% of population being Black and 65% of residents being Hispanic. Roughly 35 percent of people are impoverished.

Trump’s New York campaign for the presidency
While he is confined to New York awaiting his trial, Trump has scheduled a number of local events, including this rally. He’s been to a firehouse, a construction site, and a bodega in Harlem in the last six weeks, but this was his first public gathering in the Bronx.

Rep. Byron Donalds, a Republican from Florida and possible running mate, stated at the rally, “The strategy is to show the voters of the Bronx and New York that this isn’t your typical presidential election.” “To represent everyone and put our nation back on track, Donald Trump is here.”

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During his speech, Trump attacked Biden’s handling of the problems facing New York City, such as the filthy subway system, the abundance of needles lying around, and the difficulties presented by immigrants. Trump claimed, “Joe Biden is not getting the job done for the Bronx.” “Our subways look worse than a Third World country, are filthy and dangerous, and the ceiling tiles are falling down.”

Reactions from Bronx residents to Trump’s meeting are varied as thousands assemble.
There were demonstrations against Trump, despite the fact that many residents agreed with his message. Longtime Bronx residents Margarita Rosario and Muhammad Ali, an immigrant from Bangladesh, expressed their dissatisfaction with the current government and their confidence in Trump’s capacity to change their financial circumstances.

With placards reading, “The Bronx says no to Trump,” some demonstrators accused the president of taking advantage of the problems facing the neighbourhood without providing answers.

The Trump team thinks he can weaken the support that Biden has among Hispanic and Black voters, especially among younger males who are dissatisfied with their economic opportunities. In addition, he made the argument—vehemently disputed by Biden’s allies—that his legal struggles make him accessible to Black voters fed up with the criminal justice system.

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Emmanuel Macron of France on AI: “Work will undergo a revolution, both good and bad”

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In an effort to combat inequality, Emmanuel Macron called for a worldwide wealth tax while applauding France’s digital sector and stating that it has the ability to spur economic growth and social mobility. Emmanuel Macron called technology a “key factor of transformation of our economy” in a CNBC interview. “It provides growth, it provides innovation…it created a lot of opportunities for qualified and unqualified people,” he stated in reference to France’s “Choose France” event.

“Artificial intelligence will be a revolution for work, for good and bad,” declared Emmanuel Macron, acknowledging the effects of AI on the workforce and raising worries about it. Okay, there’s no doubt about it now that productivity will rise.However, it will force us to change a lot of our qualifications.

The president of France expressed his goal for his nation to lead the world in artificial intelligence (AI) and recognised the necessity of “accelerating, innovating, and investing.” He also emphasised the significance of international cooperation in AI regulation, saying that “regulating at the appropriate scale, meaning the global one.”

He stated that we must make sure AI advances mankind rather than acting as a “substitute of humanity.”

“The more AI companies choose to locate in Europe, the more the European governments will find themselves in a similar situation as the governments of the United States and China,” he continued. Our problem with AI is to invest, innovate, and accelerate while still regulating at the right scale.”

After US Treasury Secretary Janet Yellen referred to the idea of a wealth tax as “a pity,” he addressed income disparity and stated that “having a wealth tax is a global debate” and that it would be a successful solution.

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Is Joe Biden or Donald Trump? US stock market expert forecasts unexpected outcome of presidential poll based on movement of indices

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Who will win the US election that is set for November 5, 2024? Given the intense rivalry between Joe Biden and Donald Trump, the stock market has historically shown itself to be a trustworthy predictor.

President Joe Biden’s odds of winning re-election vary widely, ranging from less than 38% to as high as 76%, according to recent surveys of well-known prediction markets.

Trump has a 45% chance of winning the poll, compared to Biden’s 44% chance, according to an Economist survey.

The poll prediction’s methodology

In order to obtain understanding of substitute indicators, Mark Hulbert carried out a study that included a range of financial, sentiment, and economic metrics. The real GDP, the Conference Board’s consumer confidence index, the University of Michigan’s consumer sentiment survey, and the U.S. stock market were all included in this analysis, with an emphasis on how each had changed year over year before Election Day.

The stock market was the only one of these indicators to show a statistically significant correlation with the likelihood of victory of the incumbent party at the 95% confidence level.

Analysis results indicate that Joe Biden will win.

His research demonstrates a strong correlation between the stock market’s year-to-date performance and the likelihood that the current party will win the presidency. He demonstrates how this correlation is supported by historical data going back to the Dow Jones Industrial Average’s founding in 1896.

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President Biden’s odds of winning reelection are 58.8% based on this historical correlation and the Dow’s current year-to-date price-only gain of 5.6%. If there are any more gains or losses in the stock market before Election Day, these odds will change appropriately.

Hulbert contends that it’s difficult to make the case that electronic prediction markets have better track records than the stock market, even in the absence of their ambiguity. It is more difficult to identify statistically significant patterns with small sample sizes. As an illustration, the Iowa Electronic Markets (IEM), one of the earliest prediction tools, has only been used in nine presidential elections since its founding in 1988.

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