People wearing protective face masks use a smartphone on a street amid coronavirus (COVID-19) concerns in Kiev, Ukraine March 17, 2020. REUTERS/Valentyn Ogirenko
Reuters: WTO report says 80 countries limiting exports of face masks, other goods
WASHINGTON (Reuters) - Eighty countries and customs territories have banned or limited the export of face masks, protective gear, gloves and other goods to mitigate shortages since the coronavirus outbreak began, the World Trade Organization reported on Thursday.
It said the bans were imposed by 72 WTO members and eight non-WTO member countries, but only 13 WTO members had notified the global trade body as required by its regulations.
Lack of transparency about restrictions and failure to cooperate internationally could undermine efforts to slow the spread of the COVID-19 disease, which has infected 2.64 million people around the world and killed 184,910, the WTO said.
“While the introduction of export-restrictive measures is understandable, the lack of international cooperation in these areas risks cutting off import-reliant countries from desperately needed medical products and triggering a supply shock,” the WTO report said. “And by interfering with established medical supply chains, such measures also risk hampering the urgently required supply response.”
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WNU Editor: Truth be told. Most countries are now prioritizing their needs first.
6 comments:
Never underestimate the power of self interest.
Never underestimate the power of self interest.
A thinking being of whatever corporeal form has to think that way. The defining or important thing is what are the limits.
Why we need to disengage from China totally. So much for the "Global world order", everyones a brother, we help each other. Only the Dems and some RINO Republicans haven't woke up to the new reality. Thank god for the revival of nationalism.
Trump owes tens of millions to the Bank of China — and the loan is due soon
Look at 9:01 a locoweed posted.
Locoweed did not read the article.
All locoweed wanted to do was to throw up an alarmist headline up against the wall and see, if it would stick. Locoweed did not give the article any thought. I am sure, if locoweed tried to give any thought about the article's subject that locoweed would make in synaptic connections. Locoweed is just fucking stupid.
Trump owns 30%. Locoweed never asks, who owns the other 70%.
The office building generates rent. The question is does the rent cover taxes, mortgage, utilities and upkeep.
The dishonest headline written by the dishonest news media is what? That there might be a default? And a shit of person dishonestly posts the dishonest article.
Any large business is broken up into separate entities so that if one fails it does not take the others with it. It is compartmentalization. You have it on ships for watertight integrity and you have it on business. Maybe locoweed does not know this?
If you are needing a loan, you shop around. You try to get a loan with a low rate. Well most people do.
________________________________________________________________
Trump and the others could have gotten a loan from another company. Maybe a little higher rate (we would have to look into that), but they could have got a loan.
However, little baby Biden could not have gotten entree to business opportunities at all without his father's misuse of his office.
BIG Difference
"In 1989, Exxon announced that it was moving its headquarters and around 300 employees from New York City to the Las Colinas area of Irving, Texas. Exxon sold the Exxon Building, its former headquarters, to a unit of Mitsui Real Estate Development Co. Ltd. in 1986 for $610 million. John Walsh, president of Exxon subsidiary Friendswood Development Company, stated that Exxon left New York because the costs were too high. Its New York offices moved to Brooklyn; it no longer retains a presence in Rockefeller Center."
"1290 Avenue of the Americas skyscraper ... the property valued at more than $1 billion"
One could approximate average inflation over the time period.
One could look at NYC financial health. Who was a previous owner of the building? Exxon. they moved? Why?
One could look at office occupancy for the city & the building?
www.statista.com/statistics/430070/office-vacancy-rate-new-york/
Fitzpatrick, Cella, Harper & Scinto $3,100,000
Bryan Cave LLP $2,500,000
Hachette Book Group $2,300,000
State Street Corp. $2,200,000
One could, but a locoweed could not.
Locoweeds need TPM.
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