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Monday 04th of October 2021
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Morning
Africa
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Register and it's all free
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I am sorry but seems to me the new / big distressed Evergrande buyers are not quite aware where China is on the map. Let alone know what they are buying. @sunchartist
World Of Finance
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Mirrors on the ceiling, The Pink champagne on ice
World Of Finance
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Today, over four decades later, the wild has reclaimed old Pakuba Lodge Lions and spotted hyenas slink through the rubble, and leopards stash their kills in surrounding trees. BBC Earth Video
Africa
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Murchison Falls National Park @africageo
Africa
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Murchison Falls National Park is home to the second largest elephant population in Uganda
Africa
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Last Evenings on Earth By Roberto Bolaño @NewYorker
Misc.
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His father’s car is a 1970 Ford Mustang. At six-thirty, they get into the car and head out of the city. The city is Mexico City, and the year in which B and his father leave Mexico City for a short vacation is 1975.
Time for dinner, B’s father says. B and the ex-diver follow him back to the Mustang. They eat an assortment of shellfish in a place that’s long and narrow, like a coffin.
Then, before he knows what is going on, B is back in the car with his father and the ex-diver, who talk about boxing all the way to a place on the outskirts of Acapulco.
It’s a brick-and-wood building with no windows, and inside there’s a jukebox with songs by Lucha Villa and Lola Beltrán. Suddenly, B feels nauseous.
Inside, his father is sitting at a table with the ex-diver and two other guys. B comes up behind him and whispers in his ear: Let’s go. His father is playing cards. I’m winning, he says, I can’t leave now. They’re going to steal all our money, B thinks.
A tequila, B says. A woman hands him a half-full glass. Don’t get drunk again, kid, she says. No, I’m all right now, B says, feeling perfectly lucid.
Then two other women approach him. What would you like to drink? B asks. Your father’s really nice, says the younger one, who has long black hair.
You were kind of jumpy before, one of the whores says. You want some? Some what? B says. He is shaking and his skin is cold as ice.
Some weed, says the woman, who is about thirty years old and has long hair like the other one, but dyed blond.
Acapulco Gold? B asks, taking a gulp of tequila, while the two women come a little closer and start stroking his back and his legs.
Yup, calms you down, the blonde says. B nods, and the next thing he knows there is a cloud of smoke between him and his father.
You really love your dad, don’t you? one of the women says. Well, I wouldn’t go that far, B says. What do you mean? the dark woman says. The woman serving at the bar laughs.
Through the smoke, B sees his father turn his head and look at him for a moment. A deadly serious look, he thinks.
Do you like Acapulco? the blonde asks. Only at this point does he realize that the bar is almost empty. At one table there are two men drinking in silence; at another, his father, the ex-diver, and the two strangers playing cards. All the other tables are empty.
The best thing for you to do would be to get your father out of this place, one of the women whispers in his ear. B orders another tequila. I can’t, he says.
B’s father finishes counting his money and looks at the three men standing in front of him and at the woman in white. Well, gentlemen, he says, we’re leaving.
Come over here, son. B pours what is left of his beer onto the floor and grips the bottle by the neck. What are you doing, son? B’s father says. B can hear the tone of reproach in his voice.
We’re going to leave calmly, B’s father says, then he turns around and asks the women how much they owe. The woman at the bar looks at a piece of paper and reads out a sizable sum.
The blond woman, who is standing halfway between the table and the bar, says another figure. B’s father adds them up, takes out the money and hands it to the blonde: What we owe you and the drinks.
Then he gives her a couple more bills: the tip. Now we’re going to leave, B thinks. The two strangers block their exit. B doesn’t want to look at her, but he does: the woman in white has sat down in one of the vacant chairs and is examining the cards scattered on the table, touching them with her fingertips.
Don’t get in my way, his father whispers, and it takes a while for B to realize that he is speaking to him. The ex-diver puts his hands in his pockets. The one who was shouting before starts insulting B’s father again, telling him to come back to the table and keep playing.
The game’s over, B’s father says. For a moment, looking at the woman in white (who strikes him now, for the first time, as very beautiful), B thinks of Gui Rosey, who disappeared off the face of the earth, quiet as a lamb, without a trace,
while Nazi hymns rose into a blood-red sky, and he sees himself buried in some vacant lot in Acapulco, vanished forever, but then he hears his father, who is accusing the ex-diver of something, and he realizes that unlike Gui Rosey he is not alone.
Then his father walks toward the door stooping slightly and B stands aside to give him room to move. Tomorrow we’ll leave, tomorrow we’ll go back to Mexico City, B thinks joyfully. And then the fight begins.
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Good stuff @KenyaRailways_ @MacOtani
Africa
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The two young elephant bulls who have been wandering between Guinea, Liberia and Cote d’Ivoire have brought a mixture of wonder, excitement and fear to many people who have never encountered elephants before. @ste_kenya
Africa
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Elephant kisses @SheldrickTrust
Africa
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Lava blasts out of new vent on La Palma volcano @Reuters
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He said that snakes had been known to bite their own tails Roberto Bolaño Last Evenings on Earth
Misc.
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He said that snakes had even been known to swallow themselves whole & if you see a snake in process of swallowing itself you better run because sooner or later something bad is going to happen some dislocation of reality
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“A snake who cannot cast its skin has to die. As well the minds who are prevented from changing their opinions; they cease to be mind.”— Nietzsche @coloradotravis
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LA GRANDE BELLEZZA AT HOTEL EITCH BORROMINI
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La Grande Bellezza - La Festa #LaGrandeBellezza #PaoloSorrentino
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Time in dreams is frozen. You can never get away from where you've been.” ― @MargaretAtwood The Blind Assassin
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“When you're young, you think everything you do is disposable. You move from now to now, crumpling time up in your hands, tossing it away. You're your own speeding car. You think you can get rid of things, and people too—leave them behind. You don't yet know about the habit they have, of coming back.
''Time in dreams is frozen. You can never get away from where you've been.”
― Margaret Atwood, The Blind Assassin
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“the dream of our youth / the most valiant dream of all.” Roberto Bolaño @NewYorker
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Sunrise on Mount Kenya @jayhagani13 @kenyapics
Africa
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‘Your rainbow panorama’, ARoS Aarhus Kunstmuseum, Denmark, 2011 @olafureliasson
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In chaos theory, the butterfly effect is the sensitive dependence on initial conditions in which a small change in one state of a deterministic nonlinear system can result in large differences in a later state.
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‘The weather project’, 2003, Turbine Hall, Tate Modern @olafureliasson
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Political Reflections
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The 8 members of the politburo standing committee @adam_ni
Law & Politics
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“Longing on a large scale makes history.” wrote Don DeLillo
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A total of 39 Chinese air force aircraft entered Taiwan's air defence zone on Saturday, the defence ministry in Taipei said, setting a new high for missions @CNBCTV18News
Law & Politics
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Taiwanese fighters scrambled against the 39 Chinese aircraft in two waves on Saturday, the Taiwan Defence Ministry said. It said Taiwan sent combat aircraft to warn away the Chinese aircraft, while missile systems were deployed to monitor them.
That was one more aircraft than on Friday, the day China marked its national day, which was at the time more planes than the country had ever sent before to harry Taiwan's air defence zone.
Taiwan's Defence Ministry said that on Saturday the Chinese aircraft first came during the day - 20 aircraft - followed on Saturday night by a further 19.
Most of the aircraft were J-16 and Su-30 fighters, it added.
The aircraft on both missions flew near the Pratas, the ministry said, in separate statements late Saturday and early Sunday morning.
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23-AUG-2021 :: Xi Jinping is on a winning streak ever since he started salami slicing his then adversary President Obama.
Law & Politics
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It is inevitable he will roll the dice on Taiwan and imminently.
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Xi told a new class of mid-career cadres to "discard illusions" and "dare to struggle" in the world. @neilthomas123
Law & Politics
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The ‘’Wolf Warrior’’ Strategy #Wuheqilin
Law & Politics
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That big thing may be that he who rules Taiwan rules the world @bopinion @nfergus
Law & Politics
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23-AUG-2021 :: There is a fluidity at the Apex of World Power and this brings friction, increases risk and creates ‘’Geopolitical’’ Tail Risks across the spectrum.
Law & Politics
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Latest @WHO #COVID19 Sit Rep #COVID19 Case incidence & deaths continue to trend⬇️ 3.4 million cases & 55,830 deaths reported last week @mvankerkhove
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Conclusions
Last week clocked the Lowest weekly count for 11 weeks.
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19-JUL-2021 :: COVID-19
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The Virus remains unresolved.
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Weekly epidemiological update on COVID-19 - 28 September 2021 @WHO
Misc.
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Globally, the numbers of weekly COVID-19 cases and deaths continued to decline.
Over 3.3 million new cases and over 55 000 new deaths were reported during the week of 20 – 26 September 2021, decreases of 10% as compared to the previous week for both cases and deaths.
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New global cases are drifting down still, but the up currents are building slowly. @video4me
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23-AUG-2021 :: But Holmes was startled. “This virus has gone up three notches in effectively a year and that, I think, was the biggest surprise to me”
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"The greatest shortcoming of the human race is our inability to understand the exponential function." - Professor Allen Bartlett
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Preprint with @aashishg_ on India's pandemic excess deaths (April 20-June 21): central estimate: 3.8M optimistic estimate: 2.8M pessimistic estimate: 5.2M @muradbanaji
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―They fancied themselves free, wrote Camus, ―and no one will ever be free so long as there are pestilences
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There are exactly two possibilities for the virus' origins. @HansMahncke
Misc.
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Either the Wuhan lab made a virus according to Daszak's furin cleavage site specifications and it escaped.
Or a virus naturally evolved in precise accordance with Daszak's specifications before emerging in Wuhan.
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01-MAR-2020 :: The Origin of the #CoronaVirus #COVID19
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What is clear is that the #COVID19 was bio-engineered The Science [and I am not a Scientist is irrefutable and in the public domain for those with a modicum of intellectual interest.
This information is being deliberately suppressed.
This took me to Thomas Pynchon
“If they can get you asking the wrong questions, they don't have to worry about answers.”
“There's always more to it. This is what history consists of. It is the sum total of the things they aren't telling us.”
Now Why are we being led away from this irrefutable Truth
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“No matter how the official narrative of this turns out," it seemed to Heidi
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Thomas Pynchon in Bleeding Edge “No matter how the official narrative of this turns out," it seemed to Heidi, "these are the places we should be looking, not in newspapers or television but at the margins, graffiti, uncontrolled utterances, bad dreamers who sleep in public and scream in their sleep.”
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It was idiocy. Predictable idiocy. @R_H_Ebright
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Only a compete and total idiot would believe a country that holds $1 T in US debt would share results of its bioweapons discovery program with the US in exchange for $0.000002 T and karaoke with the community-college grad serving as bagman.
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Cars wait in line to refill at a Tesco fuel station in south London, Britain, October 3, 2021. REUTERS @dylanmpix @GuyReuters
Minerals, Oil & Energy
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Now Is The Winter Of Our Discontent
Law & Politics
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“Now is the winter of our discontent” is the opening of a speech by William Shakespeare from Richard III.
It was also used to describe the profound industrial unrest that took place in 1978—9 in the United Kingdom.
Prime Minister Callaghan was asked by a reporter
"What is your general approach, in view of the mounting chaos in the country at the moment?" and replied:
Well, that's a judgment that you are making. I promise you that if you look at it from outside, and perhaps you're taking rather a parochial view at the moment, I don't think that other people in the world would share the view that there is mounting chaos.
The next day's edition of The Sun headlined its story "Crisis? What crisis?"
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The head of the Food and Drink Federation said that when businesses first raised problems at Easter, ministers only wanted to talk about Covid and Brexit transition. @thetimes
Law & Politics
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“There was also a degree of scepticism about what we were saying. Remember most politicians never go shopping.”
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Welcome to Portugal…2. Meanwhile in the EU queue @KayBurley
Law & Politics
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In terms of whether vaccination can go it alone: watch Portugal. They have basically vaccinated everyone eligible in that country. @DFisman
Misc.
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A number of restrictions were lifted yesterday...if their numbers start to rise, you know that we have no choice but to use other tools now.
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23-AUG-2021 :: We have now crossed peak Vaccine Euphoria
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What happens next depends not only on vaccination, but also on how the virus might mutate. @derspiegel
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"This virus keeps surprising us," agrees Mary Bushman, a mathematician and population biologist at Harvard University’s T.H. Chan School of Public Health.
"No one expected such large jumps in contagiousness.”
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19-JUL-2021 :: So, my Point is this, our Attention span is short and Many Folks seem to feel we are in the final Act of the COVID-19 Play. I would be limit short that particular narrative.
Misc.
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International Markets
World Of Finance
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Currency Markets At A Glance
World Currencies
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Euro 1.1598
Dollar Index 94.027
Japan Yen 111.03
Swiss Franc 0.9308
Pound 1.3544
Aussie 0.7271
India Rupee 74.167
South Korea Won 1181.695
Brazil Real 5.3692
Egypt Pound 15.7193
South Africa Rand 14.8963
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#DXY Dollar Index Chart @BDesmot 94.027
World Currencies
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Euro versus the Dollar Chart 1.1598
World Currencies
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Commodity Markets At A Glance
Commodities
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Gold INO 1761.00
Commodities
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Crude Oil INO 75.81
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African currencies are some of the best performing currencies globally this year: @BBGAfrica @MwangoCapital
Africa
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African Region Weekly epidemiological update on COVID-19 - 28 September 2021 @WHO
Africa
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The African Region reported over 87 000 new cases and over 2500 new deaths, a 12% decrease and a 5% increase respectively as compared to the previous week.
Since the latest peak early July, the number of weekly cases has been decreasing continuously for almost three months; while weekly deaths remain elevated.
Approximately one third of countries (29%; 14/49) in the Region reported an increase in new cases, ranging from 17 to 61%, highlighting the heterogeneity of trends in the Region.
The highest numbers of new cases were reported from
United Republic of Tanzania (24 307 new cases, a country which has not reported regularly)
South Africa (15 627 new cases; 26.3 new cases per 100 000; a 40% decrease)
Ethiopia (8842 new cases; 7.7 new cases per 100 000; a 5% decrease).
The highest numbers of new deaths were reported from
South Africa (885 new deaths; 1.5 new deaths per 100 000 population; a 35% decrease)
United Republic of Tanzania (664 new deaths this week)
Ethiopia (254 new deaths; <1 new deaths per 100 000; a 22% increase).
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Africa is currently reporting a million new infections about every 45 days @ReutersGraphics
Africa
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Tanzania Gabon Angola & Lesotho are at their peak
Countries reporting the most new infections each day *
TANZANIA 3,497
SOUTH AFRICA 1,377
ETHIOPIA 1,018
LESOTHO 989
CAMEROON 984
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19-JUL-2021 Many Folks seem to feel we are in the final Act of the COVID-19 Play. I would be limit short that particular narrative.
Africa
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COVID-19 Africa Daily Tracker 14,472 2nd October Daily cases versus 41,520 on 12th July 2021
Africa
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Total number of #covid19 Cases Per Capita reported in #African countries. Top 5 countries as at yesterday: #Seychelles #Botswana #CapeVerde #Tunisia #Namibia. @BeautifyData
Africa
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Total number of #covid19 Deaths Per Capita reported in #African countries. Top 5 countries as at yesterday: #Tunisia #SouthAfrica #Namibia #Seychelles #Eswatini. @BeautifyData
Africa
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‘We haven’t been spared, we’re just not counting’: Sudan’s hidden Covid death toll @Telegraph
Africa
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Drinking the Kool Aid
Africa
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In every one of 34 African countries that @afrobarometer surveyed a large majority of citizens – 76% on average – said their presidents should be limited to a maximum of two terms in office. @thecontinent_
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Turning to Africa
Africa
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Democracy has been shredded.
We are getting closer and closer to the Virilian Tipping Point
“The revolutionary contingent attains its ideal form not in the place of production, but in the street''
Political leadership in most cases completely gerontocratic will use violence to cling onto Power but any Early Warning System would be warning a Tsunami is coming
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Thousands of Swazis marched to the US Embassy in eSwatini on Friday to deliver a petition seeking the US intervention in ending King Mswati dictatorship. @SwaziNews
Africa
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Rwanda flexes muscles in fight against terror in Mozambique @FT @AndresSchipani
Africa
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Rwanda’s 1,000-strong brigade of soldiers and police achieved in weeks what Mozambican and other forces had been unable to do in years.
The turn of events in Cabo Delgado illustrates Kigali’s willingness under president Paul Kagame to reach beyond its borders and act as police officer in regional disputes.
About 10 per cent of Rwanda’s 30,000 troops are on missions elsewhere in Africa and it “is the willingness to partake in these operations what has given us a good reputation globally. It’s got a lot to do with African solutions for African problems”, said Col Ronald Rwivanga of Rwanda’s Defence Forces.
“This is about responsibility to protect,” said a senior Rwandan military officer in Cabo Delgado. He added: “This is also about projecting Rwanda’s power.”
‘A strong public relations exercise’
In late September Kagame showed up in northern Mozambique in military fatigues to inspect his troops.
He dismissed speculation that the Rwandan deployment was linked to French interests, despite a pledge in late May by France’s president Emmanuel Macron of €500m in development aid during a visit to Kigali.
In a stark contrast, Rwandan soldiers have shiny new equipment and crisp new uniforms, their professionalism, discipline and military prowess prompting some observers to call them the “Israel of Africa” — a nod to the Jewish state’s military standing and the two countries’ shared history of the suffering of genocide.
Crucially for Mozambique the Rwandan efforts could herald the return of Total and the restart of the $20bn gas project.
The company “will return” Nyusi told the Financial Times in Pemba, “when everything is calm; we are working on it.”
Total warned at the end of September, though, that even if it restarts next year the development in the Afungi peninsula may only produce its first LNG in 2026, delaying a project meant to transform Mozambique’s economy.
Kagame said the troops will stay as long as needed, but not forever.
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China tends to co-operate with the governments that it finds in place, and accommodates the status quo – as long as the status quo supports its position on the issue of Taiwan.@thecontinent_
Africa
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9-APR-2020 :: China Africa Win Win a freewheeling China has favourited elites,
Africa
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If they don't crush #Tigray, either by war or starvation, their governments could be in real trouble @martinplaut
Africa
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9-JUL-2021 :: The Contagion will surely boomerang as far as Asmara and destabilise the Horn of Africa for the forseeable future
Africa
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Oromo celebrations in Addis Ababa this morning turned into a protest against Colonel Abiy, demanding the release of Jawar Mohamed, Bekele Gerbe & all #Oromo prisoners. @BashirHashiysf
Africa
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This morning in Addis Ababa, there is a down town Abiy in Addis Ababa #Ethiopia
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‘The genie out of the bottle’ @AfricanBizMag
Africa
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The Tigray War in the north has cost $2.5 billion and international investors are staying away, according to Louw Nel, a senior political analyst at NKC African Economics CGTN
Africa
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November 8, 2020 Ethiopia which was once the Poster child of the African Renaissance
Africa
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Central bank has floated more than 200 billion Br in T-bills this fiscal year, receiving offers for 122 billion Br. This was supply representing a 10-fold increase from auctions held during the same period last year. @addis_fortune
Africa
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Ethiopia's financial situation is dire. Conflict, slow growth, forex crunch creating perfect "Venezuela style crash" says one economist. @RAbdiAnalyst
Africa
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Guinea swears in coup leader as interim president @ReutersAfrica
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Le couple présidentiel guinéen @Prom_Ivoire
Africa
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Burundi: Between grenades and a hard place @mailandguardian @thecontinent_
Africa
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On the eve of President Évariste Ndayishimiye’s trip to the United Nations General Assembly in New York, an unexploded bomb landed in the VIP section of the Melchior Ndadaye International Airport in Bujumbura, Burundi.
Two other bombs are said to have detonated in the airport’s vicinity with minimal damage.
RED-Tabara, a rebel group, claimed responsibility. A high-level army official dismissed the whole episode as “a publicity stunt by RED-Tabara”.
What happened the day after President Ndayishimiye flew to New York, however, was anything but a stunt.
Two grenades, launched at a bus station at peak traffic hours, killed two innocent people and left at least 104 wounded.
Downtown Bujumbura, Burundi’s economic capital, was sent scrambling. Burundi’s social media fumed with anger.
Two days earlier, grenade explosions in Gitega, the country’s political capital, had killed three and wounded more than 30.
The airport shelling capped a week that was otherwise dominated by headlines that described the abhorrent human rights record of the Ndayishimiye regime.
These headlines quoted the United Nations’ Commission of Inquiry on Burundi’s September 2021 report.
This states: “Agents of the National Intelligence Service, placed under the direct responsibility of President Ndayishimiye, were the main perpetrators of executions, enforced disappearances, arbitrary arrests and detentions, and torture in connection with armed attacks and have continued to operate with absolute impunity.”
The report adds that “Police officers of the Rapid Mobile Intervention Group and members of the Imbonerakure [ruling party youth] were also involved in some of the cases of execution, arrest and torture.”
Paragraph 51 of the report is the grimmest: “Corpses have regularly been found in public areas, including near roads and waterways. The local authorities have continued to bury them without seeking to identify the deceased or to investigate the cause of death and possible perpetrators even though most of the bodies present signs of violent death.”
Where will salvation come from? In a recent angry tirade, President Ndayishimiye told Burundi’s judges he has heard they are the ones “behind the killings in the country ... because people are taking justice into their own hands ... People are desperate.”
A judge at the meeting mustered enough courage to tell Ndayishimiye that judges weren’t blameless, but that, in their defence, they were under the influence of ruling party officials and army and police generals.
There is so much blame game, you wonder if anyone is in charge.
Whatever is happening, Burundi is losing dearly. ■
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South Africa All Share Bloomberg
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Dollar versus Rand Chart INO 14.8967
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Egypt Pound versus The Dollar Chart INO 15.7129
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In a speech marking independence day, President @MBuhari said country’s ban on @Twitter would be lifted. people could use it for “business and positive engagements”. @mailandguardian @thecontinent_
Africa
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Ghana Stock Exchange Composite Index Bloomberg
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Agriculture is a large portion of economic activity in major SSA economies (ex-SA), yet SSA govts are spending a lot less on the sector than many industrialized nations @AmakaAnku
Africa
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Agriculture is a large portion of economic activity in major SSA economies (ex-SA), yet SSA govts are spending a lot less on the sector than many industrialized nations where it is employs a lot fewer ppl (US is included here as a reference but dynamics are similar in others).
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Kenya Revenue Authority collected taxes totaling 476.6 billion shillings ($4.31 billion) in the three months through September, exceeding a target of 461.7 billion shillings @economics
Kenyan Economy
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Kenya Revenue Authority collected taxes totaling 476.6 billion shillings ($4.31 billion) in the three months through September, exceeding a target of 461.7 billion shillings.
Customs taxes during the first quarter of the government’s fiscal year totaled 173.2 billion shillings, compared with a target of 161.8 billion shillings, the agency said Sunday in a statement in Nairobi-based Standard newspaper.
Domestic taxes totaled 302.1 billion shillings compared with a target of 298.6 billion shillings, it said.
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Kenya's public debt has grown annually at a rate of 18% for the past 10 years to reach Kshs. 7.71 trillion in June 2021. It is projected to reach Ksh. 8.7 trillion in FY 2021/22 @MihrThakar
Kenyan Economy
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Now amounting to Kshs. 1.17 trillion (or 9% of GDP), debt service to revenue is up from 25% in 2014 to 66%. @MihrThakar
Kenyan Economy
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Kenya Tea Development Agency Ltd. said smallholder farmers delivered 1.25 billion kilograms (2.76 billion pounds) of green leaf to factories in the 12 months through June compared with a record 1.45 billion kilograms the previous year. @markets
Kenyan Economy
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Average prices of the commodity at the Mombasa tea auction dropped 8% to $2.18 per kilogram during the period, the agency said Sunday in an email.
“The relatively favorable exchange rate of the Kenya shilling to the U.S. dollar has, however, helped shore up earnings from the sale of tea, which is generally dollar-denominated,” according to the statement.
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Kenya Shilling versus The Dollar Live ForexPros
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