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Why China is vulnerable to its own economic crash… and why it’s so desperate to keep screwing America with unfair trade deals

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(Natural News) The administration of President Richard Nixon sought to ‘normalize’ relations with China in the early 1970s in large part to use the Asian giant as a bulwark against our superpower rival, the Soviet Union.

It made sense since China and the USSR had recently fought a vicious border war (1969) and though both were communist nations, they did not trust or like each other. 

Over the next few decades, the U.S. sought to integrate China into the West as a means of cracking open its vast market; a billion people is a tempting economic magnet. But also, it was hoped that by strengthening China economically, that would mitigate the authoritarian leadership of the Communist Party and even lead to its demise as the Chinese people embraced capitalism and the freedom it embodies.

By all accounts, U.S. policy objectives did not bear fruit. 

“The United States made a gamble that as China became more and more involved on the global stage, it would open up domestically and become a constructive stakeholder in the … international system. It’s pretty clear that gamble hasn’t paid off in the way we hoped it would,” said Rep. Eliot Engel (D-N.Y.), chairman of the House Foreign Relations Committee during a hearing on China’s rise May 8.

For years, subsequent U.S. administrations ignored not just China’s rise but the manner in which it was rising: Grossly unfair trading arrangements with the U.S., China’s largest (by far) export market. 

Donald Trump promised to fix this massive trade imbalance during his 2016 campaign and he’s certainly giving it his best effort, having implemented a tariff regime aimed at forcing Beijing’s ruling Communist Party to accept better trade terms with Washington.

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However, according to a report this week from SinoInsider, the Chinese Communist Party (CCP) may be about to unveil an economic “Pearl Harbor” attack on the U.S. in order to not simply save their own economy but also to remain in power.

China’s leaders may be getting desperate

According to the analysis website, it’s possible due to a confluence of events allegedly occurring inside China now, the CCP may decide that “unrestricted warfare” strategies to include potential military action as well may be ‘necessary’ in order to perpetuate party leadership:

— China is currently being pressured by a deteriorating economy and rising social unrest around the country;

— As the Trump administration’s tariff regime continues and, perhaps, grows (POTUS threatened to expand tariffs to even more Chinese goods after the upcoming G-20 meeting), the CCP could begin to get more desperate.

That means:

— The Chinese may seek to disrupt American financial markets (even as POTUS Trump’s policies and the GOP tax cut have led to record growth). This could come as soon as this month as new 25-percent tariffs on $200 billion worth of Chinese goods take effect.

— “The CCP could seek to influence and interfere in U.S. politics and society,” the report noted. No doubt this would take the form of Russian interference in the 2016 election (few people doubt that Moscow attempted to interfere; it’s just that the Trump campaign wasn’t in on it).

— The CCP may “find ways to influence politicians in both major parties to disrupt governance or Trump’s policies.” For example, the party could seek to have the president’s tariff authority restricted, though there doesn’t seem to be a congressional majority in both chambers of Congress for that to happen over a presidential veto.

There are other potential disruptions as well, SinoInsider reports, including increased Chinese influence in Europe and Asia to fracture American alliances and weaken Washington’s position around the world — though China’s money only goes so far because it comes with CCP authoritarianism. (Related: Gingrich: China’s economy ‘can’t take the battering’ POTUS Trump is set to deliver.)

The Chinese economy could be in a similar position as the U.S. economy in 2007-08: Dangerously overextended and on the verge of collapse. That would have negative global economic implications, just like our collapse did.

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Residents fear Lincoln Fields revitalization will be just another suburban mall

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Plans are taking shape for the future of Lincoln Fields: demolishing the aging shopping mall, building a new Metro grocery store in the near future and hundreds of rental units in residential towers somewhere down the road.

Neighbourhood groups say they have no problem with intensification, but they want redevelopment done in step with the city’s plans to revitalize Carling Avenue and a new LRT station that will turn the neighbourhood into a transit hub.

“We want it to be pedestrian and transit-friendly,” said Jonathan Morris, president of the Britannia Village Community Association. “This is about a third of the size of LeBreton Flats and it’s also on the LRT. We should give it some serious thought.”

There’s no dispute that Lincoln Fields is a dying shopping centre sitting on 16.2 acres of increasingly prime real estate. The mall first opened its doors in 1972. A Loblaws store departed in 1984. Walmart arrived in 1994, occupying 120,000 square feet, and departed in 2016. That space remains empty. A Wendy’s restaurant located just outside the mall was demolished following a fire in November.

The city’s plans for the Lincoln Fields area include converting bus rapid transit lanes into light rail. The Lincoln Fields station is scheduled to open in 2025.

“We’re all excited about the redevelopment. It would be better than what is there now. But we don’t want it to be another Centrum, just a bunch of big box stores,” said Annie Boucher, president of the Lincoln Heights Parkway Community Association. “What’s missing is the city’s vision for how this huge hub will connect to the LRT.”

Two weeks ago, representatives from owner RioCan and Metro met with representatives from six community associations and outlined plans for the shopping centre. A new Metro and Rexall will be built on the site to replace stores in the mall. Wendy’s will also rebuild and Pizza Pizza will remain in its current location, said Terri Andrianopoulos, RioCan vice-president of marketing and communications.

Phase 1 of Lincoln Fields redevelopment. RIO-CAN Rio-Can

Demolition is expected to start in November, although the city has not yet received a demolition application for the mall, said Derrick Moodie, the city’s manager of development review.

Alex Cullen, president of the Belltown Neighbours Community Association, said residents wanted to see “main street frontage” where stores were street-oriented, not separated from the street by parking lots.

Although the number of parking spots will be reduced, there will still be room for hundreds of cars. The two parking lots near former Walmart will lose 103 parking spots, leaving 487. The parking lot in front of the new Metro will have 270 spots, an increase of 30, while the lot near the old Wendy’s will lose 44 spots, leaving 276.

RioCan’s draft master plan shows the two new retail buildings could fit into a larger mixed-use development with high rise apartment buildings and ground-floor retail space, but that’s intended only to illustrate possibilities, Andrianopoulos said.

“This will be determined by the city’s secondary plan process. We will work with the city to explore additional opportunities for growth, but we will not finalize our future intensification plans until their review process is complete.”

The city’s planning policy staff is undertaking the process of creating a secondary plan. The current draft boundary is from about Richmond Road/Maplewood Avenue at the west, Ancaster Avenue to the east, Regina Street to the north and the southern edge of Woodroffe High School to the south, Moodie said.

The study will identify appropriate built form, building heights and density and orientation, specifically frontages along the main roads, and general land uses. “We will examine infill development, differentiating between stable areas and candidates for significant intensification. The study also includes analysis of the transportation network to identify opportunities to enhance the pedestrian environment, safe cycling, and connections to the O-Train station,” said Moodie. He expects consultations will begin this fall, with the plan to be adopted on the same timeline as the new official plan in 2021.

Kathy Vandergrift stands in the Lincoln Fields shopping centre parking lot. Jean Levac / Postmedia News

Residents consider the site to be a barrier to be crossed, said Kathy Vandegrift, vice-president of the Queensway Terrace North Community Association and chairwoman of its planning committee. The shopping centre’s parking lot is a “wasteland,” she said.

“We’re all eager to see revitalization,” Vandegrift said. “The tension now is in the shape of that and how it relate to the neighbourhood around it. It’s a missed opportunity if we don’t do this well.”

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Rideau Canal’s new Flora Footbridge to open Canada Day long weekend

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Residents and visitors will have another option for walking or biking across the Rideau Canal starting this weekend, with the opening of the Flora Footbridge. 

The pedestrian bridge connects Clegg Street in Old Ottawa East to Fifth Avenue at Queen Elizabeth Drive in The Glebe.

Minister of Environment and Climate Change and Ottawa Centre MP Catherine McKenna and Ottawa Mayor Jim Watson were on hand for the announcement, Wednesday. 

The $21-million bridge was originally scheduled for completion in the fall of 2019. Money for the project came through a funding partnership between the Government of Canada, the Province of Ontario, and the City of Ottawa, under the federal Public Transit Infrastructure Fund and the Ontario Municipal Commuter Cycling Program.

Along with improving safety and connectivity between mid-town Ottawa neighbourhoods, the new crossing is expected to shorten commute times and offer a dedicated active and sustainable transportation route to schools, work, entertainmentand shopping sites, such as Lansdowne in The Glebe. 

“By connecting our neighbourhoods and helping people get around Ottawa on foot, by bike or on transit, we are making our communities safer and healthier, supporting local businesses, and protectingour environment,” said McKenna. “After years of planning, community involvement and coordination among the city, the province and our government, it’s great to see the Flora Footbridge becoming a reality for people living near or travelling along the Rideau Canal.” 

The bridge will also link up with pathways connecting to Ottawa’s O-Train Confederation Line at Hurdman and Lees Transit Stations. 

“The whole community has been eagerly anticipating the completion of the Flora Footbridge,” added Watson. “Thanks to the great work of City staff and Pomerleau construction crews, we are able to open it ahead of schedule, providing a new way for residents and visitors to cross the canal without using a car, and making it easier for everyone to get out and experience Ottawa to the fullest.” 

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Ottawa city council extends transit fare freeze until after LRT opens

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One week after learning the Confederation Line would miss its June 30 deadline, Ottawa city councillors on Wednesday voted unanimously to delay a scheduled OC Transpo fare increase once again, this time until after the light-rail train has opened to riders.

A majority of council, however, refused to entertain a proposal to reduce transit fares for that period put forward by one councillor, a request that triggered a heated and lengthy debate around the council table.

Council had previously approved a transit fare freeze until July 1, 2019, after finding out the $2.1-billion LRT system wouldn’t launch in 2018.

The builder of the east-west line, the Rideau Transit Group (RTG), has since missed two other handover dates. No new deadline for the train — delayed now for more than a year — has been announced.

At city council’s meeting on Wednesday, Coun. Allan Hubley, who chairs the transit commission, put forward a motion proposing that the city implement the 2019 fare changes “on the first day of the month following the opening of O-Train Line 1 to transit customers.” Mayor Jim Watson seconded Hubley’s motion.

WATCH (March 4, 2019): Ottawa city councillors, staff invited to experience LRT simulator
Continuing the fare freeze until August 1 would cost the city about $328,000, according to the text of the motion; pushing it until September 1 would cost the city a total of $616,000.

The city will initially use funds from the municipality’s transit capital reserve to foot that bill, but the motion also directed the city manager try and recoup the costs of continuing the fare freeze from RTG.

Councillor’s request to explore fare reduction triggers heated debate; proposal defeated

Coun. Diane Deans proposed an amendment to Hubley’s motion, asking staff to look into and report back on the feasibility of reducing OC Transpo fares beginning on Sept. 1, 2019 and deducting the cost of that fare reduction from the city’s cheque to RTG.

“The fare reduction should be commensurate with the reduction in service reliability and remain in place until such time as Phase 1 LRT is fully operational,” Deans’ motion read.

The LRT delays have strained Ottawa’s bus system, leading to widespread delays and cancellations throughout the winter. A number of route changes and detours were implemented in anticipation of the LRT’s launch.

Deans argued that OC Transpo riders aren’t getting what they’re paying for right now and the city needs to “show some respect”  to its “severely inconvenienced” transit customers.

“When I go to the grocery store and buy a pound of grapes, if I only get half a pound, I don’t expect to pay for a pound. And it’s the same principle. If I’m not getting the full service, I don’t expect to pay for the full service,” she told reporters after council’s meeting.

A quarter of city council backed Deans’ proposal, including councillors Rick Chiarelli, Theresa Kavanagh, Shawn Menard, Rawlson King and Catherine McKenney. Carol Anne Meehan, who called the state of the city’s public transit system a “disgrace,” expressed some support for Deans’ idea but didn’t vote in favour in the end.

Other members of council fervently opposed a fare reduction, including the mayor. Watson claimed that reducing fares by 30 per cent would cost taxpayers $29 million over six months and argued that the city won’t improve its bus service by lowering fees while it waits for LRT.

Hubley said the city would be “gambling” if it reduced fares at a higher cost with no guarantee that RTG would agree to foot that bill. Coun. Keith Egli, for his part, described the proposal as “a shell game.”

“It’s a sham. It’s not going to fix the problem,” Egli said. “It sounds really good but at the end of the day it doesn’t fix the issue, which is people’s frustration with the service.”

Deans’ amendment was defeated 6-18.

“I don’t think it goes far enough just to say, ‘I’ll tell you what, the service is so unreliable we won’t charge you more for it,’” Deans told reporters.

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