Local time Monday (June 14), a survey by the New York Federal Reserve showed that American households’ expectations for next year’s inflation, housing prices, income and expenditure growth all rose in May; the median one-year inflation expectation in May increased from 3.4 in April. % Rose to 4.0%, a new high since the inflation expectations index was launched in 2013.

On the same day, another data released by the New York Fed also received attention. The data shows that the Fed accepted US$583.9 billion in fixed-rate reverse repurchase, which continued to hit a record high and exceeded US$500 billion for four consecutive trading days. This reflects the increasing liquidity in the US dollar financing market.

In addition, data released by the U.S. Department of Labor last Thursday (June 10) showed that the U.S. May unseasonally adjusted CPI annual rate was 5%, the highest since August 2008, with an expected 4.7% and a previous value of 4.2%; the United States 5 The monthly unseasonally adjusted core CPI annual rate was 3.8%, a new high since 1992, expected to be 3.4%, and the previous value was 3.0%.

Inflation continues to soar and liquidity is rampant. More and more institutions believe that the Fed will start the process of debt reduction at the end of this year or early next year. Some institutions even warn the Fed to ignore the risks caused by inflation!

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase, is more direct. He said that JPMorgan Chase has been “efficiently hoarding” cash instead of using it to buy U.S. Treasury bonds or other investments because it is more direct. High inflation may force the Fed to raise interest rates.

In fact, the performance of the market may also reflect some situations. Last Friday (June 11), in the absence of heavy data or event stimulus, the US dollar index rose significantly and once touched 90.60, while gold fell by more than 20 US dollars. The above-mentioned market may be as simple as non-profit-taking, and it is not ruled out that investors are beginning to bet that the Fed will tighten policy soon. But the final decision is in the hands of the Fed.

“Terror data” + Federal Reserve interest rate, this week the market ushered in the ultimate test?

On Tuesday (June 15), the United States will release data such as the monthly retail sales rate in May, the PPI in May in the United States, the manufacturing index of the New York Fed in June in the United States, the industrial output in May in the United States, and the NAHB real estate market index in June in the United States. Among them, the US retail sales data in May has attracted much attention.

The market expects the monthly rate of retail sales in the United States to fall by 0.7% in May, which was unchanged from the previous value. If the data is in line with or lower than expected, or suggest that the effect of the White House fiscal stimulus is gradually fading, it may weaken the Fed’s expectations of tightening policy. Since consumer spending accounts for about 70% of US economic output, US retail sales data often trigger huge market shocks, so it is commonly called “terrorist data.”

In addition, the performance of the US PPI in May cannot be ignored. As a leading indicator of price trends, the performance of the PPI indicator will reflect the relevant situation of production costs. The market expects that the US PPI will rise at an annual rate of 6.3% in May, which will further reveal the pressure on the transmission of production costs. The overall performance of the above two data may cause greater interference to the short-term trend of the US dollar.

But the market is more concerned about the upcoming Federal Reserve interest rate decision. At 02:00 AM Beijing time on Thursday (June 17), the Federal Reserve FOMC announced interest rate resolutions, policy statements and economic expectations; at 02:30, Fed Chairman Powell held a press conference.

As the CPI data for two consecutive months “exploded”, whether the Fed will change its description of inflation in this policy statement will be one of the focuses of the market’s attention. If the bank still insists that inflation is temporary, it implies that it should not rush to change the current easing policy, which may cause the US dollar to suffer a new round of crit. However, if the Fed admits that inflation poses risks, it will increase expectations for tightening policies, thereby providing strong support for the US dollar.

In addition, because the scale of reverse repurchase frequently hits new highs, whether the Fed makes a relevant statement on this is also worthy of attention. At the same time, the Fed’s latest quarterly economic outlook and dot-map will provide more guidance for judging the FOMC’s economic outlook, labor market, inflation expectations, and interest rate trends, and they cannot be ignored.

In short, if the Fed releases its hawkish tendencies, especially on the issue of inflation, it will be considered by the market as a signal that the bank is about to turn, and may become the fuse for the dollar to initiate a bull market; however, if the Fed still insists on inflation If it is temporary, the market will interpret that the bank is not in a hurry to tighten policy, which may cause more plunges in the dollar.

Technical analysis of the US dollar index: the performance of a position is extremely critical

The daily chart of the US dollar index shows that the price fell to 89.54 (May 25 low, A point) after hitting 90.91 (X point) on May 13 and then the market rose and hit 90.63 (June 4 high, Point D), but quickly retreated significantly and formed a bearish Gartley pattern: 0.618XA=AB, 0.886AB=BC, 1.27BC=CD, 0.786XA=AD, AB=CD.

However, the downward market was supported by 0.786AD (89.77) and stabilized the downward trend line since March 31, avoiding further expansion of the decline. The key pressure above is at 90.63. If it breaks through effectively, in addition to destroying the above-mentioned Gartley pattern, the market will also constitute a bullish 123 rule, or confirm a phased bottom. It does not rule out expanding the increase to 91.00 or even 91.50.

If the price drops significantly below 89.77, the market does not rule out falling to 89.50 or even 89.21 levels for support.

EU funds for holiday flyers Aid for Condor declared null and void

As of: 06/09/2021 1:00 p.m.

The EU court annulled a decision of the EU Commission that allowed German aid for the Condor airline. Ryanair had sued against the release. Ryanair has achieved a success against state corona aid for the German airline Condor before the EU court (EGG). The judges overturned the EU Commission’s decision to approve the aid. The decision of the Brussels authority was not sufficiently justified, said the court in Luxembourg. In practice, however, this initially has no consequences: the effect of the declaration of invalidity was suspended until the EU Commission has passed a new decision. This means that Condor does not have to repay the money immediately.

Loan of 550 million euros

Germany had registered the aid in favor of Condor in Brussels in April 2020. This involved two government-secured loans with reduced interest rates in the amount of 550 million euros. The background was damage caused by the cancellation or postponement of flights due to travel restrictions in the corona pandemic. The low-cost airline Ryanair complained, among other things, of violations of the free movement of services and filed a lawsuit against the release.

Connection with bankruptcy proceedings?

At Condor, the situation had worsened due to the bankruptcy of the parent company Thomas Cook in autumn 2019, which preceded the corona crisis. The airline was only able to continue working with rescue aid of 380 million euros, which was also approved by the EU. The insolvency proceedings initiated at the time had to be extended after the outbreak of the Corona crisis because the new owner, the Polish aviation company PGL, had jumped off. The 550 million euros in government aid also included costs that resulted from the extension of the insolvency proceedings at Condor. Ryanair had argued that the commission had not explained why it had even included the extended insolvency period when calculating the damage to Condor from the corona crisis. The Condor case is one of many in which Ryanair is taking action against state corona aid for competitors. So far, the plaintiff has succeeded in some cases but not in others. (Case T 665/20)

The root cause is believed to be 30 years of not trying to clear people’s doubts about vaccine side effects, according to the above article. Nikkei Asia 10/5. The landmark court ruling of 1992 During the 1980s, Japan possessed world-leading vaccine technology for the treatment of chickenpox, encephalitis, and pertussis. These technologies are licensed to the US and other countries. But vaccine development in Japan came to a near complete halt following a 1992 court ruling ordering the government to compensate people for side effects after vaccination. The Japanese people see this as a landmark ruling that opens the way for victims to seek compensation on a broader scale. A Japanese official injects a vaccine against Covid-19. Photo: Reuters. The Japanese government did not appeal the ruling. Vaccination was also no longer mandatory after the government revised the law in 1994. Since then, vaccination rates in Japan have declined as parents become more concerned about side effects. The AIDS crisis also has a negative impact. In 1996, a Japanese health ministry official was convicted of negligent manslaughter following a scandal involving HIV-contaminated blood products. Despite the government’s efforts to hold responsible, the incident still made officials in Japan feel that they would suffer the consequences if anything happened, while the politicians were unharmed. Gaps in policy Japan is currently facing a “vaccine gap”. In the US and Europe, the product licensing process takes only a few years, but in Japan it is more than 10 years. The Japanese Ministry of Health has issued a special license for the Pfizer vaccine to be administered to the elderly, but this licensing process only applies to foreign vaccines. Meanwhile, the US administration has accelerated vaccine development since the 2001 anthrax attack. When there is a public health crisis in the country, the US Department of Health and Human Services will coordinate with other agencies. research institutes and pharmaceutical companies to respond appropriately. The agency also supports development budgets, clinical trials, as well as emergency approvals. The global vaccine market is growing by nearly 7% per year. New vaccines are released every time a new deadly infectious disease emerges, such as Middle East Respiratory Syndrome (MERS) and Ebola. The mRNA technology used in making vaccines has been studied for the past 20 years and is being applied to fight Covid-19. But private companies in Japan can hardly solve this problem alone because of the lack of motivation to promote the development, purchase, or stockpile of vaccines. Japan currently does not have a domestically produced vaccine. Photo: AFP. “There is a gap in the vaccine because there is still a gap in policy,” said Tetsuo Nakayama, a professor at Kitasato University in Tokyo. One can mention the case of UMN Pharma, a Japanese biotech company that uses new technology to develop flu vaccines. UMN Pharma used to spend more than $100 million to build a manufacturing plant, but the company’s application for a license was rejected in 2017. The grounds for the rejection were that the product “lacked clinical importance” compared to vaccines. available. UMN Pharma currently has negative total assets and is owned by Shionogi – another Japanese pharmaceutical company. The vaccine made by UMN Pharma has been approved in the US. This has led one in the Japanese vaccine industry to question whether anyone still wants to make new vaccines in the country. Complicated legal regulations Technology and research talent are also flowing outside of Japan. “Japan has a lot of regulations but it has a weak support system,” said one virus expert. The country has only two research facilities that can handle the most dangerous viruses. But one of the two establishments has only recently reopened because it was previously opposed by the local people. Public Administration Reform Minister Taro Kono was appointed on January 18 as the person in charge of Japan’s vaccination campaign. Photo: Japan Times. Vaccine research in Japan is subject to complicated regulations by many ministries. Experiments involving gene editing are limited to the Cartagena Protocol. This is an international legal document on biosafety management with genetically modified organisms that Japan has approved. Meanwhile, Europe exempts pharmaceutical companies from applying the Cartagena Protocol. The United States has not yet ratified this document. Japanese manufacturers even ignore the domestic market. Takeda Pharmaceutical, for example, has no plans to license its dengue vaccine in Japan. The same thing happened with the vaccine made from tobacco leaves of Mitsubishi Tanabe Pharma company. In the immediate future, Tokyo has quickly appointed a minister in charge of the Covid-19 vaccine. But products made by AnGes, Shionogi, and other Japanese companies are not expected to be approved before 2022.

Amazon’s distribution center in Las Vegas, Nevada, USA, April 25, 2020. Documentary photo: AFP/VNA The appeal comes after the LuxLeaks scandal exposed in 2014 revealed 500 tax agreements between Luxembourg and more than 350 international businesses, including many billion-dollar tax frauds and involving corporations. such as Apple, IKEA, Pepsi… These corporations have had tacit agreements with the tax authorities of Luxembourg to enjoy lower tax rates than prescribed. In the case of Amazon, in 2017 European Competition Commissioner Margrethe Vestager accused Luxembourg of having an illegal arrangement with the online commerce giant to pay less tax than other businesses. other profession. Accordingly, Luxembourg has offered a preferential tax policy for Amazon, helping nearly three-quarters of the company’s profits not be taxed. At the heart of the EU’s allegations is Amazon’s violation of the so-called “market price principle”, which ensures that transactions between subsidiaries are based on prices that other independent companies in the market would charge. must return. At the time of the EU case, Amazon said it had not received any special treatment from Luxembourg, and insisted it had paid taxes in full in accordance with both Luxembourg and international tax law. However, analysts are not too optimistic about the ability of the EU’s requirements to be upheld. Less than a year ago, iPhone maker Apple won a spectacular victory in this same court against the European Commission’s request that Apple pay 13 billion euros in taxes to Ireland in 2016. But whether it wins or loses in the appeal, the European Commission will likely emphasize its goal of targeting corporate profits. The agency is also developing new rules to close tax loopholes, especially for tech giants. In recent weeks, the US side has gradually embraced the idea of ​​a global minimum corporate tax. Negotiations on cross-border corporate tax are underway at the Organization for Economic Cooperation and Development (OECD). If successful, this tax policy will make special transactions for multinational companies a thing of the past.

However, the accusations of Chanel did not receive the consent of the court. Although Chanel tried to argue that if the Huawei logo were rotated horizontally, there would be similarities between the two symbols, the court disagreed with this argument. Chanel accused Huawei of “stealing” their logo ideas. Photo: Android Authority. “The differences have to be compared like what was registered, not changing its direction,” said the reviewer. This is the second time that Huawei and Chanel have entered into a legal struggle in European courts. Prior to that, Chanel was sued. According to the Android Authority , the famous fashion brand still has a chance to appeal this ruling, when the case will be brought to the Court of Justice of the European Union, the highest authority in the country. Logo is an important element in the brand identity of any company. Well-known logos not only signify brand status, but can also become cultural markers. Some well-known brands show cultural symbols such as Coca-Cola, Nintendo and FedEx.

Every time you step onto the red carpet, Ariel Winter has the feeling that hundreds of thousands of eyes around you are only focusing on your bust. Before the stares, murmurs, rumors, the actress still smiled and walked away, but deep inside, the unpleasant emotion almost eroded her. “15 years old, I have an F-size bust and it keeps growing until one day I never find a shirt that fits in the store again.” At the age of 18, Winter realizes that clothing isn’t the only problem. “Every time I bow, I feel pain that I can’t stand it.” In 2015, after many hesitations, Winter finally decided to have breast reduction surgery to end the misfortune that not everyone understands. By the age of 18, Winter realizes that clothing isn’t the only problem. Gazi Hussain, president of the Australian Association of Plastic Surgeons, told The Sydney Morning Herald : “About 95% of women have breast reduction surgery because they feel tired of constant pain: neck, back, shoulder, wound caused by a bra strapped deep into the shoulder”. Unlike breast augmentation, breast reduction surgery is related more to health problems instead of appearance. However, in many cases they are overlooked and turned into jokes to others. “I don’t dare run.” When he first met his friends after surgery, Zoe still looked the same but seemed to be thinner. Many people asked if she would lose weight. As this type of surgery became more and more common, patients like Zoe were no longer too afraid of their problems. Similarly, Ansanda Munyu (29 years old) recently performed breast reduction after years of suffering both health problems and psychological trauma. “I’ve been struggling with my oversized breasts since I was 12. It was the last time I could wear a bra because I couldn’t find a size that fits and kept hurting.” After many years, Munyu suffered from severe back and neck pain, back problems, and chronic cervical vertebrae. But health is only part of the reason why her determination to operate. “I don’t dare to run and feel guilty when doing any body movement. The gazes, vulgar comments, harassing are the real battle for me,” Munyu said. Like other cosmetic surgeries, breast reduction comes with risks and costs. Being too big can lead to a series of diseases. Photo: Banner Health. According to Dr. Hussain, patients will have to undergo many examination and consultation before going to the operating table. The whole process costs 10,000-20,000 USD, similar to cosmetic breast augmentation. “Most women seek surgery because of their medical symptoms but then quickly realize that their life is almost turning over,” said Mr. Hussain. This is true of Munyu. The 29-year-old woman said the surgery changed her life completely. “I no longer have to spend thousands of dollars on a simple bra, anxious to find the shirt that fits and put an end to the pain that seems to hang on me for a lifetime.” Aesthetic changes According to the CNN Breast surgery has become very popular from the US, Brazil, UK to China, Korea … For many years, female breast reconstruction has been an attractive topic on reality television and sentences. stories of obsession in celebrity culture. The first breast augmentation surgery using silicone implants was performed in 1962 at Jefferson Davis Hospital in Houston, Texas. The patient at that time, Timmie Jean Lindsey, a 30-year-old mother of 6, received a breast augmentation from Cup B to Cup C. Before that a few years, Barbie dolls and magazines Playboy appear. During the 1950s, Hollywood stars like Marilyn Monroe, Rita Hayworth and Jayne Mansfield transformed the hourglass figure with plump breasts into ideal beauty. Entering the 21st century, with the development of magazines and television programs for men, the size of 3 rings on a woman’s body continues to be converted into tenderness and femininity. At this time, breast augmentation surgery even surpassed abdominal liposuction to become the most popular cosmetic procedure in America. But in recent years, the story has completely changed. “The unusually large, fake breasts are no longer a sign of sexism,” said Ruth Holliday, professor of gender and culture at the University of Leeds. They synonymous with fake and most women no longer want to involve it “. An hourglass body with a plump bust was the standard of beauty in the years 1950-1960. Photo: Getty. The depletion of oversized breasts is motivated by the changing aesthetic conception. “A new trend is taking the throne: Natural beauty,” said Gemma Sharp, clinical psychologist and senior research fellow at Australia’s Monash Alfred Center for Psychiatric Research (MAPrc). Studies also show that in the US and UK, demand for breast reduction procedures has increased by 6% between 2018 and 2019. According to Google Trends, the number of people searching for “breast reduction surgery” has increased. has been steady in other countries since the outbreak of Covid-19 in 2020. For example, South Africa recorded a 100% increase in searches for this term over the previous year. Dr. Caroline Payne, London-based specialist in plastic and plastic surgery and a member of the British Association of Plastic Surgeons (BAAPS), said: “Among my patients Now, almost no one wishes to increase breast size ”. A year after breast reduction surgery, Ariel Winter appeared at the 22nd Film Actors Guild’s Awards Ceremony in a black dress with a chest cup. From the deep styled lines of the dress, the scar from the actress’s bust surgery was evident. However, it was not the costume malfunction as many thought. “There’s no reason for me to try to hide my scar! It’s a part of me and I’m not ashamed of it at all,” the 1998-born star said.

Hundreds of tanks contain radioactive wastewater outside the Fukushima Daiichi nuclear power plant in Japan. Photo: AP Since then, the authorities have used millions of tons of water to cool the reactors, and store waste water in giant tanks on site. 10 years have passed, the operator of the nuclear plant Tokyo Electric Power Co (TepCo) is now alerting the danger of running out of water storage space from the cooling process, estimated to reach a threshold of about 1.3 million tons of water. year 2022.
Environmental groups, including Greenpeace, have recommended the Tokyo government to build more tanks to keep water outside the plant, rather than opting for an ocean discharge option. Japan has considered several other options, such as evaporation or underground storage of contaminated water from factories. In the end, however, the Tokyo government decided to dilute the huge mass of polluted water and release it into the sea, when it found this option more technically feasible and cost-effective. The process is expected to begin in the next 2 years. Currently, all wastewater is filtered to remove most of the radioactive elements, but some dangerous substances remain, including Tritium, which has been identified as harmful to humans.
Evaluation of Tokyo’s solution, expert Ken Buesseler at the Woods Hole Oceanographic Institute in Falmouth, Massachusetts, noted: “Tritium is light and can float as far as the west coast of the United States within 2 years”. More serious problems are thought to lie in potentially dangerous radioactive isotopes in water, including strontium-90 and iodine-129. In theory, filtration can reduce their concentration, to about 70% for water that has not undergone secondary filtration. But scientists are not sure whether the actual filtration results are according to plan.
A poll conducted by the Asahi Shimbun newspaper in January 2021 found that 55% of Japanese respondents opposed the Tokyo government’s plan to discharge radioactive wastewater from Fukushima into the sea, while 32% said that they support. At the Tokyo government’s earlier hearing on the release of nuclear radioactive water into the sea, some industry and local representatives continued to oppose the decision believed to undermine efforts to revive the affected areas. disaster, blowing past efforts to restore the reputation for local products. “We will die from releasing polluted water into the oceans, as it could have a catastrophic impact on the future of the Japanese fishing industry” – Hiroshi Kishi, head of the Federation of Water Cooperatives National real estate said. Mr. Kishi emphasized that the discharge of radioactive water into the ocean may cause other countries to tighten restrictions on imports of Japanese seafood products, reversing the recent trend of loosening policies.
Japan’s April 13 announcement also immediately drew concerns in neighboring countries, including China and South Korea, about the possible impact on human health as well as seafood businesses. . Beijing calls for Tokyo’s “responsible” attitude, along with “prudent” disposal of nuclear waste, arguing that it involves “the interests of the international community and the vital interests of neighboring countries ”. Meanwhile, Seoul said that “it will be unacceptable if the Japanese side decides to discharge polluted water from the Fukushima nuclear power plant without full consultation”.

Previously, Google was sued by the Australian Competition and Consumers Commission (ACCC), accusing the company of illegally collecting user location data via Android phones in 2017 and 2018. into two specific Google settings that affected the location data collection, “location history” and “web and app activity”. Google’s headquarters in Mountain View, California, USA Photo: theonlinecitizen.com Google once stated that it only collects information from the location history feature on users’ devices from January 2017 to December 2018. However, when users enable browsing and application usage controls, Google also allows Google to collect, store and use this data by default. Google hasn’t told users that they need to turn both of these features off in order to stop the company from collecting data. The April 16 ruling of the Australian Federal Court sided with the ACCC, claiming that Google violated Australian consumer laws by collecting location history of some users even when they refused to share information. believe. However, Federal Court Judge Thomas Thawley only partially agreed to the ACCC’s anti-Google lawsuit, arguing that not all consumers were deceived by Google. In the past, there have been many studies around the world showing that location data is still collected through Android and iPhone devices, even after users believe they have not allowed this. Advertisers need these valuable data to find ways to drive location-related sales and services. However, the Australian Competition and Consumers Commission (ACCC), the body suing Google, affirms that the above ruling is the first legal action in the world on this issue. According to ACCC Chairman Rod Sims, this is a major win for consumers, especially those concerned about privacy online. The court’s decision sent a strong message to Google and other tech firms that big corporations must not deceive consumers. This decision, he stressed, is an important step towards ensuring digital platforms clearly inform consumers about the intended use of data and what they need to do to protect this information. Regarding the Australian Federal Court’s ruling, Google said that the company is considering many options, including the possibility of a complaint. According to Google, the company has provided tight controls on location data, such as the option to automatically delete location history, making it easier for users to control the data. According to the ABC News source, with this lawsuit, Google could face a penalty of up to $ 1.1 million per violation. However, this is not the first time that Google has been sued for unauthorized collection of user locations. Previous lawsuits have accused the tech giant of tracking users through location, browsing behavior, and even collecting personal information from children without parental consent. .. Google has spent millions of dollars in the US alone on privacy fines, but this is not worth considering the giant’s annual revenue.

Comrade Pham Van Hieu gave the decision to the officials. Photo: ANH DUNG

According to the decisions, the Member of the Party Committee decided, Comrade Le Thi Suong Mai, Member of the Standing Committee, Deputy Head of the Standing Committee of the Party Committee for Propaganda of the City Party Committee, now resigns from the position of Deputy Head of the Standing Committee of the Party’s Propaganda Department, to change work on the city Labor Confederation. Assigned the Party of the City Labor Confederation to lead the introduction of comrade Le Thi Suong Mai to elect the Chairman of the city Labor Confederation for the term 2018-2023. The Member of the Party Committee decided that Mr. Tran Van Tam, member of the Party Committee, Secretary of the Party Union, Chairman of the City Labor Confederation, now resigns from the position of Secretary of the Party Union, Chairman of the City Labor Confederation for the 2018-2023 term, to change his job. to Vinh Thanh District Party Committee, join the Executive Board, the Supervisory Board and hold the position of Secretary of Vinh Thanh District Party Committee, term 2020-2025.

Speaking at the decision announcement ceremony, comrade Pham Van Hieu acknowledged and highly appreciated the efforts and growth of comrade Le Thi Suong Mai and comrade Tran Van Tam. Through many working positions, the comrades performed well their assigned tasks, trusted and trusted by the collective and cadres, civil servants and public employees. Comrade Pham Van Hieu wished, in the new position, comrade Le Thi Suong Mai and comrade Tran Van Tam continue to strive with the collective agencies and units to well perform the assigned tasks. At the same time, it is requested that the Party Youth Union, the Board of Supervisors, the Executive Committee of the City Labor Confederation and the District Party Committee, the Executive Committee of the Vinh Thanh District Party Committee create the best conditions for comrades Le Thi Suong Mai and Tran Van Tam to successfully complete their tasks.