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As a result, we’re seeing significantly elevated correlations between bond markets," said Andy Sparks, head of portfolio management research at MSCI. "The high level of correlation across global bond markets means that allocating to ex-U.S. bonds is that much less effective," said Gregory Peters, co-chief investment officer at PGIM Fixed Income. Peters doesn't expect the correlations to moderate until central banks' monetary policies diverge significantly, and he has reduced his exposure to sovereign bonds outside the U.S. "That's something that brings these global issues on U.S. investors' radars, because they are becoming first order market drivers." Martin Harvey, portfolio manager of the Hartford World Bond Fund, expects monetary policy regimes to start diverging next year.
China is using civilian ships to enhance navy capability and reach
  + stars: | 2022-09-26 | by ( ) www.cnbc.com   time to read: +8 min
Aerial view of fishing boats setting sail to South China Sea for fishing on August 16, 2022 in Yangjiang, Guangdong Province of China. Hundreds of fishing boats anchored for months at a time among disputed islands in the South China Sea. The civilian vessels do more than just augment the raw numbers of ships, performing tasks that would be difficult for the military to carry out. "Because they are ostensibly civilian fishing vessels, navies' ships are unable to deal with them lest China accuse the Philippines of provoking an incident and using force against civilians," he said. In the event of a conflict, China's use of civilian vessels would complicate the rules of engagement, he said.
China is utilizing a range of civilian ships to bolster its navy resources, AP reports. But a fleet of scientific ships, fishing boats, and ocean ferries also offer a military dimension. Poling added that the use of civilian vessels for military purposes complicates military interactions. Chinese authorities have commanded civilian fishing trawlers for military purposes for decades. China has also launched ships for ostensibly civilian purposes that could potentially be converted to military use quickly.
Sursa foto: libertatea.roScandal în rândul presei din Chicago: Primărița a anunțat că va acorda interviuri față în față doar jurnaliștilor de culoarePrimarul din Chicago, Lori Lightfoot, a anunțat că la aniversarea a doi ani de mandat va acorda interviuri față în față doar jurnaliștilor de culoare, în condițiile în care - spune ea - jurnaliștii din Chicago sunt în proporție copleșitoare albi, scrie US Today, citat de hotnews.ro. ”Am candidat pentru a sparge status quo-ul ce îi lăsa pe atât de mulți pe dinafară”, a scris ea pe Twitter, potrivit sursei citate. Mary Ann Ahern, jurnalistă (albă) cu vechime la WMAQ-TV, cea care a dat prima știrea despre decizia primăriței Lightfoot, a afirmat că pare că Lightfoot pare că evită jurnaliștii cu care are des diferențe de opinie. Alții, printre care și TriiBE, o platformă digitală cu accent pe populația de culoare, consideră că revolta stârnită de decizia primarului este jignitoare. ”Cu toată indignarea asta, voi dați de înțeles că jurnaliștii negri și latino nu sunt capabili să pună întrebări grele”, a scris TriiBE pe Twitter, adăugând că a obținut un interviu cu primărița.
Persons: Primărița, Lori Lightfoot, Gregory Pratt, Mary Ann Ahern Organizations: US, Chicago Tribune Locations: Chicago, Primărie, SUA, edil, primărița
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