Haiti Protests: What Is PetroCaribe and Why Is It Fueling Unrest? | Time

For more than four months, Haitians have been taking to the streets to demand the resignation of President Jovenel Moïse amid allegations he embezzled hundreds of thousands of dollars of government funds earmarked for badly needed social programs.

A damning report on government corruption, delivered to the Haitian senate by official auditors on May 31, has triggered fresh demonstrations, with thousands marching through the capital, Port au Prince, and other cities throughout June. On June 20, a delegation from the Organization of American States traveled to Haiti in hopes of “[lowering] the political temperature,” an official told the Miami Herald.

Source: Haiti Protests: What Is PetroCaribe and Why Is It Fueling Unrest? | Time

Boeing at Paris releases optimistic global commercial aircraft forecast of $8.7 trillion over next decade | Military & Aerospace Electronics

Over the next 20 years, Boeing forecasts a $9.1 trillion market for commercial aircraft services with annual growth of 4.2 percent, Boeing says, and an aircraft market of $6.8 trillion.

Boeing’s Franco-German rival, Airbus at Paris unveiled plans for a long-range version of its A321neo, with reports adding it may announce 200 orders for its A321XLR aircraft.

Source: commercial aircraft Paris Air Show 737 MAX | Military & Aerospace Electronics

Boeing staff in flurry of high-fives with showstopper 737 MAX deal in Paris: first post-grounding sale | Military & Aerospace Electronics

This year was shaping up to be particularly difficult for the U.S. manufacturer, which is reeling from two deadly crashes that grounded its all-important 737 MAX jet. Chief Executive Officer Dennis Muilenburg came to the event with a focus on “humility and learning” rather than chasing deals.

That was until the second day, when Boeing managed to pull off a stunning turnaround with the help of one of the world’s most respected airlines. British Airways owner IAG SA signed a letter of intent for 200 of the single-aisle MAX planes, in a commitment valued at $24 billion that gives Boeing the opportunity to turn around the negative narrative surrounding its biggest source of profit.

Source: Paris Air Show 737 MAX deal | Military & Aerospace Electronics

How the Pentagon Nickel-and-Dimed Its Way Into Losing a Drone | Defense One

Wednesday’s downing of a U.S. drone by Iran’s Revolutionary Guard exposes a weakness in U.S. operations.

The United States has some of the world’s most sophisticated drones for intelligence, surveillance, and reconnaissance. But they were designed for past wars, for use against insurgent forces such as ISIS or the Taliban that cannot track and destroy high-flying aircraft.

Iran and other potential adversaries, by contrast, have radar and missiles that can turn some of the U.S. military’s most important drones into expensive, conspicuous targets.

Source: How the Pentagon Nickel-and-Dimed Its Way Into Losing a Drone – Defense One

Why aren’t oil markets reacting to the attacks on tankers in the Persian Gulf?

Tensions are rising in the Persian Gulf, following a string of attacks on oil tankers over the last month. The United States just announced that it is sending 1,000 additional troops to the region to address threats to U.S. personnel and interests.

Nonetheless, oil markets seem unperturbed, reacting more to economic news than fears of disruption and shortage.

Source: Why aren’t oil markets reacting to the attacks on tankers in the Persian Gulf?

The central role of free college and loan forgiveness in the Democratic primary

In a prior post, I argued that charter schooling had become the litmus test issue for Democrats on the K-12 side.

In higher education policy, that mantle is clearly held by college affordability and, specifically, free college and loan forgiveness policies.

These will be key topics of conversation from now through the Democratic convention.

Source: The central role of free college and loan forgiveness in the Democratic primary

GE, CFM Wrap Paris Air Show With Record $55 Billion In New Deals | GE Reports

The aircraft can jump across the pond so efficiently in part because of a pair of LEAP jet engines developed by CFM International, a 50-50 joint venture between GE and France’s Safran Aircraft Engines.

The same engine also lifted CFM and GE to record highs at the show, one of the premier aviation events in the world, providing the bulk of $55.3 billion tally they are bringing home in deals.

“It has been an absolutely incredible week,” said Gaël Méheust, president and CEO of CFM International.

“We have had follow-on orders from long-time customers while welcoming new LEAP operators, including IndiGo for the LEAP-1A and the recently announced letter of intent from IAG for 200 Boeing 737 MAX airplanes for which we look forward to finalizing the LEAP-1B portion of the deal.”

Source: GE, CFM Wrap Paris Air Show With Record $55 Billion In New Deals – GE Reports

Factbox: What is Slack? | Reuters

Slack Technologies Inc, whose instant messaging app has taken workplaces by storm, went public via a direct listing on June 20, instead of the more popular initial public offering route.

Unlike a traditional IPO in which companies sell shares to raise proceeds, a direct listing is a way for existing shareholders to sell stock.

Here are some facts about Slack.

Source: Factbox: What is Slack? – Reuters

Why Xi Jinping Won’t Back Down on Trade

In his nearly seven years in office, Xi has relentlessly centralized decision-making authority in his hands. He has manipulated the military, the security services, and the CCP’s propaganda machine to silence his opponents and effectively coup-proof his rule.

Doing so has allowed him to pursue an assertive style of Chinese statecraft, one less awestruck by American power than in the past.

In a revealing moment on a recent trip to Jiangxi Province, he invoked the spirit of the Long March, the almost mythical retreat of the Chinese Red Army that preceded its triumph, to declare that every generation of the CCP leadership must face its own revolutionary test. The coming struggle with the United States, he implied, is the test that the current generation must weather under his stewardship.

In the end, Xi’s decision to backpedal on the draft trade agreement can be explained by the contradiction at the heart of the new narrative he is spinning for China.

The path to economic independence—and to the prosperous new era Xi has promised—runs through the United States and its high-tech industry. As a result, Xi must steer a difficult political course, one best navigated from the nationalist high ground.

But instead of giving him a chance to climb down, the Trump administration risks forcing him to dig in.

Source: Why Xi Jinping Won’t Back Down on Trade

Why Blacklisting Huawei Could Backfire

Last spring, when the U.S. Department of Commerce added the Chinese telecommunications company ZTE to a trade blacklist, effectively severing ZTE from its vital U.S. suppliers, Chinese President Xi Jinping told an audience at a tech company that the Chinese people must “cast aside the illusion and rely on ourselves.”

“The illusion” was the idea that China can prosper even as it relies on foreign technology.

The United States could have maintained the rift between government and industry in China if it had ensured China’s continued dependence on U.S. technology. Instead, the Trump administration’s actions against ZTE and Huawei have turbocharged China’s self-reliance drive, aligning the interests of government and industry.

Although in the short term the pain imposed on China’s tech industry by the blacklisting might appear to vindicate the administration’s move, over the long term its actions will pave the way to a more technologically formidable China.

Source: Why Blacklisting Huawei Could Backfire