Economists write letter to the wrong address

Trump Calms Global Markets as ‘Buy America’ Trade

Gold Silver Reports (GSR) – Economists write letter to the wrong address – As of last count, 1,157 economists had sent a letter to US President Donald Trump warning him not to repeat the mistake of the Smoot-Hawley Tariff Act of the 1930s. The one-page letter was a copy-and-paste job from the letter that economists sent to the then president in 1930 because the fundamental principle, according to them, has remained unchanged since then.                                

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Karnataka Elections 2018: Supreme Court Refuses To Stay BJP Government Formation In Karnataka Today

Gold Silver Reports (GSR) – Karnataka Elections 2018: Supreme Court Refuses To Stay BJP Government Formation In Karnataka Today — In a dramatic turn of events, the Supreme Court of India, at a middle-of-the-night hearing, refused to stop the Bharatiya Janata Party from taking oath on Thursday morning as the new government in Karnataka. Though it did direct the Attorney General of India, KK Venugopal, to produce the letter written by BJP Karnataka leader BS Yeddyurappa to the state’s governor, by the next hearing on Friday, May 19. The letter states the number of legislative assembly members supporting the BJP. 

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The Double Standards of US Trade Policy

Gold Silver Reports (GSR) – The Double Standards of US Trade Policy — A high-profile US trade delegation appears to have returned empty-handed from its mission in China. The result is hardly a surprise, given the scale and one-sided nature of the US demands. The Americans pushed for a wholesale remaking of China’s industrial policies and intellectual property rules, while asking China’s government to refrain from any action against Trump’s proposed unilateral tariffs against Chinese exports.       

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Karnataka Election Results 2018, INDIA Keep Eye on 10 Things

Karnataka Election Results 2018, INDIA Keey Eye on 10 Things

Gold Silver Reports (GSR) – Karnataka Election Results 2018, INDIA Keey Eye on 10 Things — The Karnataka assembly election is a three-cornered battle between the Congress, the Bharatiya Janata Party and Janata Dal (Secular). The race is to get to a majority of 113 seats in the 224-member assembly. All three parties have been in power at some point in the last over 15 years, either in alliance with each other or on their own.           

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Karnataka Election 2018 Exit Polls Predict Split Verdict With BJP In The Lead

Gold Silver Reports (GSR) – Karnataka Election 2018 Exit Polls Predict Split Verdict With BJP In The Lead – The poll of exit polls say the BJP will get 100 seats and the Congress 90 seats – considerably below the 113 needed for majority for the 222 seats on which elections were held today. It gives 30 seats to the JD(S). The counting of votes will take place on Tuesday.

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Foreign Investors Can Invest In T-Bills, Says RBI

Gold Silver Reports (GSR) – Foreign Investors Can Invest In T-Bills, Says RBI — As per the revised framework, foreign investors can invest in government debt without any residual maturity restrictions. In 2014, the RBI has said that foreign investors can only invest in government securities with a residual maturity of three years. The restriction had been put in place after foreign investors sold short term Indian debt heavily once the U.S. Federal Reserve indicated that it will start to taper down its quantitative easing program.

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