Turkey seeks to become full SCO member

Gesara.news » News » Turkey seeks to become full SCO member

Share via:

News Date: September 17, 2022

Turkey's Erdogan targets joining Shanghai Cooperation Organization, media reports say.
'Now our next process will be steps towards this end. This is our goal,'
he said in reply to a journalist's question whether Turkey was considering the possibility of becoming a member of the SCO.
Source: reuters.com

Basel III endgame strikes the Federal Reserve

U.S. Federal Reserve officials, led by Fed Vice Chair Michael Barr, are exploring changes to the 'Basel III endgame' overhaul for bank capital regulations.
This includes reconsidering operational risk calculations and potential offsets for mortgage servicing.
It marks a significant shift as the Fed acknowledges concerns from the banking industry about the policy's impact on lending.
Here is Michael Barr's statement:
'We want to make sure that the rule supports a vibrant economy that supports low - and moderate-income communities, that gets the calibration right upon things like mortgages.
So the public comment that we're getting on this is really critical for us getting it right. We take it very, very seriously.
That program was really designed in that emergency situation. It was designed for that emergency to say, we want to make sure that banks and creditors of banks and depositors banks understand that banks have the liquidity they need.'

Trump predicts a market crash in the next 12 months

Former President Donald Trump anticipated a US economic crash and expressed a hope that it would happen within a year, prior to a potential second term in office, if he were to win the November election.
'When there's a crash, I hope it's going to be during this next 12 months because I don't want to be Herbert Hoover. The one president - I just don't want to be Herbert Hoover,' Trump stated in an interview Monday on Lindell TV.
In 1929, during Herbert Hoover's first year as president, the US stock market crashed, triggering the start of the Great Depression, leading to widespread economic hardship and unemployment across the nation.

Student debt relief announcement

The Biden administration is canceling up to $20,000 in student debt for Pell Grant recipients, up to $10,000 for individual borrowers who make under $125,000 per year, and extending the pause on repayments by four months, the White House announced on Wednesday.
Sources: axios.com

USA Is Going Back To The Bill Of Rights And The Constitution

Conclusions of the Report of the Commission on Unalienable Rights:
1. It is urgent to vigorously champion human rights in foreign policy.
2. The power of example is enormous.
3. Human rights are universal and indivisible.
4. The universality and indivisibility of human rights do not mean uniformity in bringing them to life.
5. A degree of pluralism in respecting human rights does not imply cultural relativism.
6. Nation-states have some leeway to base their human rights policy on their own distinctive national traditions.
7. Although human rights are interdependent and indivisible, certain distinctions among them are inherent in the Universal Declaration itself, as well as in the positive law of human rights that follows from the UDHR.
8. Freedom, democracy, and human rights are indissolubly linked.
9. Social and economic rights are essential to a comprehensive foreign policy.
10. New claims of rights must be carefully considered.
11. National sovereignty is vital to securing human rights.
12. The seedbeds of human rights must be cultivated.
Full report: www.state.gov

Executive Order on Preventing Online Censorship

Trump signs social media executive order that calls for removal of liability protections over censoring.
The executive order calls for new regulations under Section 230 of the Communications Decency Act to make it so that social media companies that engage in censoring any political conduct will not be able to keep their liability shield, the president said.
Source:whitehouse.gov