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Satchu's Rich Wrap-Up
 
 
Wednesday 02nd of November 2016
 
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Africa

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Macro Thoughts

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Sofia Loren Everything you see I owe to spaghetti
Africa


The rains came last night and in the early morning. The Temperature
always spikes just before the rains arrive, I find. So its always a
relief. This morning my Bathroom was infused with a beautiful essence
- fleeting momentary made me remember being with my Mum - I don't
think it was the Petrichor and might well be some other plant the
Gardener [from Karen and Malindi] planted. It was a beautiful aroma.

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Petrichor
Africa


Petrichor (/ˈpɛtrᵻkɔər/) is the earthy scent produced when rain falls
on dry soil. The word is constructed from Greek petra, meaning
"stone", and ichor, the fluid that flows in the veins of the gods in
Greek mythology.

The term was coined in 1964 by two Australian CSIRO researchers,
Isabel Joy Bear and Richard G. Thomas, for an article in the journal
Nature.[1][2] In the article, the authors describe how the smell
derives from an oil exuded by certain plants during dry periods,
whereupon it is absorbed by clay-based soils and rocks. During rain,
the oil is released into the air along with another compound, geosmin,
a metabolic by-product of certain actinobacteria, which is emitted by
wet soil, producing the distinctive scent; ozone may also be present
if there is lightning.[3] In a follow-up paper, Bear and Thomas (1965)
showed that the oil retards seed germination and early plant
growth.[4] This would indicate that the plants exude the oil in order
to safeguard the seeds from germination under duress.

In 2015, MIT scientists used high-speed cameras to record how the
scent moves into the air.[5] The tests involved approximately 600
experiments on 28 different surfaces, including engineered materials
and soil samples.[6] When a raindrop lands on a porous surface, air
from the pores forms small bubbles, which float to the surface and
release aerosols.[5] Such aerosols carry the scent, as well as
bacteria and viruses from the soil.[5] Raindrops that move at a slower
rate tend to produce more aerosols; this serves as an explanation for
why the petrichor is more common after light rains.[5]

Some scientists believe that humans appreciate the rain scent because
ancestors may have relied on rainy weather for survival.[7]

Then this morning Hannah asked me about Hillary Clinton and Donald
Trump and I said ''Hannah, Donald is ahead by 1%''

Hannah asked me ''How?''

And I told her about Abedine and Weiner and the computer and that it
was obvious Emails deleted elsewhere were not deleted on Weiner's
computer. And then I told her that I had spent an Evening in Tramp
with Donald Trump, Cosima van Bulow and last but by no means least Lin
Menuhin.

She was impressed,

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Tramp is a private, members-only nightclub located on Jermyn Street in central London, England.
Africa


Founded in 1969 by Johnny Gold with business partner Oscar Lerman, and
Bill Ofner (Luishek) Tramp is considered to be one of the most
exclusive member's clubs in the world and is a regular haunt for
celebrities. It was sold by founder Gold in 2003.[1]

Over its 40-year history Tramp has been frequented by many
celebrities, socialites, aristocrats and royalty.

Peter Sellers, Joan Collins, Liza Minnelli and Ringo Starr have all
had their wedding receptions at the glitzy club. Infamous stories that
took place under the Tramp chandeliers include a young Shirley
MacLaine falling asleep on top of a table overnight, The Who's Keith
Moon dancing naked on the dance floor, and comedian Mel Brooks getting
on all fours and running around under the tables barking like a dog.

Tramp's Gold, a book about the club written by Gold himself and with a
foreword from Michael Caine, was published in 2001.

Rajput prince Ankit, candidate for the 2016 London Mayoral elections
in March 2015 had made claim to the titles of the Maharaja of Jammu
and Kashmir at the neighboring Hotel Café Royal and held his
post-coronation reception at Tramp.[2][3] Attendees for his reception
had included Nicole Coste, Lindsay Lohan and Ethiopian prince
Sebastyanos Beyene.[4]

Entering it's fifth decade of operations in the early 21st century
Tramp continued to remain an exclusive preserve of an elite clientele
with the likes of Drake, Rihanna, Lara Stone, Noel Gallagher, Yasmin
Le Bon and Ashley Cole revelling into the early hours of the night at
the club.[5][6][7]

David Beckham had taken his newly single son Brooklyn to Tramp after
his split with Chole Moretz.[8] Kate Moss sang Happy Birthday to Sam
McKnight for his 60th Birthday party at Tramp.[9] Her younger sister
Lottie Moss along with her friend Tallia Storm have also attended
festivities at the club.[10]

According to MI5, the Russian spy Anna Chapman frequented the club
with a view to seduce the royal princes.[11]

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Chicago Cubs @Cubs Nov 1 Wrigley Field was quite the treat this year.
Africa


My Brother Jamil lives just down the road and they are big Fans. Big
Moment for the Chicago @Cubs

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Trump Leads Clinton by 1 Point in New Poll as Enthusiasm Declines via @ABC
Law & Politics


While vote preferences have held essentially steady, she’s now a slim
point behind Donald Trump -- a first since May -- in the latest ABC
News/Washington Post tracking poll, produced for ABC by Langer
Research Associates.

Forty-six percent of likely voters support Trump in the latest
results, with 45 percent for Clinton. Taking it to the decimal for
illustrative purposes, a mere .7 of a percentage point divides them.
Third-party candidate Gary Johnson has 3 percent, a new low; Jill
Stein, 2 percent.

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Weaponized social media has been a thing since at least 2009 Alan W. Silberberg
Law & Politics


@Realdonaldtrump has been an extraordinarily effective Weaponiser of
Social Media and Exponent of  Information warfare

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From "Little Marco" to "Crooked Hillary" and everyone in between, here's a look at Trump's top pet names:
Law & Politics


 “I call him little Marco. Little Marco. Hello, Marco,” Trump said

“I call him lying Ted,” Trump said about the Texas senator on Super Tuesday.

 “Let’s say, this is impossible to imagine, low-energy Jeb Bush
becomes president,” Trump said of his fellow GOP candidate back in
January at a rally in Burlington, Vermont.

Conclusions

Donald trump is a linguistic Warfare Specialist

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17-SEP-2012 "One of the defining bifurcations of the future will be the conflict between information masters and information victims."
Law & Politics


This information warfare will not be couched in the rationale of
geopolitics, the author suggests, but will be “spawned” - like any
Hollywood drama - out of raw emotions. “Hatred, jealousy, and greed -
emo- tions, rather than strategy - will set the terms of [information
warfare] struggles”.

Now what are the consequences of this new 21st century madding crowd?
A madding crowd which can be inflamed by a fellow with a camera and an
account with YouTube.

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Trump, Putin, Xi and the cult of the strongman leader @FT
Law & Politics


From Moscow to Manila, Beijing to Budapest, Ankara to Delhi, the
nationalist “strongman” leader is back in fashion. If the US elects
Donald Trump next week, it would be following an international trend,
not leading it.

The fascination with strongmen spans autocracies and democracies.
China last week took a further dangerous step down the road to
personalised autocracy when it announced that President Xi Jinping now
represents the “core leadership” of the Communist party, a title with
Maoist overtones. President Xi has just played host to Rodrigo
Duterte, president of the Philippines, who came to power through an
election but whose swaggering style and scant respect for the law is
typical of the new breed of autocrats. The patron saint of the world’s
strongman leaders is Vladimir Putin of Russia, whose personalised rule
still retains some of the outward trappings of democracy.

The same mixture of democratic forms with autocratic reality is
displayed by other strongman leaders, such as Recep Tayyip Erdogan,
president of Turkey, and, to a lesser extent, Viktor Orban, prime
minister of Hungary. And then there are the strongmen who still
operate within genuinely democratic systems, such as Narendra Modi in
India and Shinzo Abe in Japan, but whose political appeal is based
around the idea of decisive leadership, with a distinct dash of
nationalism.

Alarmingly, Mr Trump’s political style has most in common with some of
the most autocratic strongmen, such as Presidents Putin and Erdogan.

The Russian and Turkish leaders portray the outside world as full of
hostile forces, conspiring against their nations. They point to
“enemies within”, often allegedly working with outside enemies. Mr
Putin and Mr Erdogan, like Mr Xi, also promise to lead national
revivals that will avenge previous humiliations at the hands of
foreigners.

Mr Trump has adopted a strikingly similar political narrative —
containing the same elements of nationalism, self-pity, conspiracy
theory and promises of national rejuvenation. He claims that the world
is laughing at the US and that his domestic opponents are in league
with foreign lobbyists — but that he will “make America great again”.

The Republican candidate for the presidency insists that the entire
American system is corrupt and promises to “drain the swamp”. This
(often cynical) promise to control corrupt elites is a common trait of
the new strongmen. Mr Putin has staged theatrical clashes with Russian
oligarchs. Mr Xi has unleashed a ferocious anti-corruption drive.

To different degrees, all of these strongmen have encouraged
personality cults. In recent years, popular songs in praise of
President Xi have been churned out in China. The Russian media have
presented Mr Putin in a range of macho poses.

Mr Trump has yet to risk posing bare-chested. But when I attended one
of his rallies in Florida last week there was little doubt that a
leader cult was in full swing. The expectant crowd at Sanford airport
were treated to the sight of their leader’s jet — with “Trump”
emblazoned on the side — landing, then taxiing towards them. Thumping,
dramatic music played for several minutes until finally the aircraft
door opened and the leader emerged to tumultuous cheers.

The parallel with the 1930s is, unfortunately, all too obvious. Then,
the economic shock of the Great Depression radicalised politics all
over the world. Something similar may have happened following the
financial crisis of 2008. A sense that the threat of international
conflict is rising in Europe, the Middle East and Asia may also have
fuelled a demand for strong leaders.

Intriguingly, the rise of macho strongman leaders has coincided with a
counter-fashion for powerful female politicians whose style is much
more low-key and consensual. Angela Merkel, the German chancellor, is
the most obvious example. Theresa May, Britain’s prime minister, fits
this mould. The feminisation of western politics might even be driving
a yearning for macho leaders among some nostalgic male voters. Hillary
Clinton, if she makes it to the White House, would also strike a blow
against the strongman cult. That is one more reason to pray for a
Clinton victory next week.

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"Nation state as a fundamental unit of man's organized life has ceased to be the principal creative force" - Zbigniew Brzezinski
Law & Politics


“Nation state as a fundamental unit of man’s organized life has ceased
to be the principal creative force: International banks and
multinational corporations are acting and planning in terms that are
far in advance of the political concepts of the nation-state.” —
Zbigniew Brzezinski, “Between Two Ages: The Technetronic Era”, 1971

First, we have to acknowledge that the decimation and de facto
balkanization of these countries is part of a plan. If it wasn’t part
of a plan, than the decision-makers would change the policy. But they
haven’t changed the policy. The policy is the same.

Brzezinski not only refers to this in the opening quote, he also
explains what is taking place: The nation-state is being jettisoned as
the foundation upon which the global order rests. Instead, Washington
is  erasing borders, liquidating states, and removing strong, secular
leaders that can mount resistance to its machinations in order to
impose an entirely new model on the region, a new world order.

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FBI releases documents from 2001 investigation into Bill Clinton pardoning late tax evader Marc Rich
Law & Politics


Via its twitter feed, the FBI dumped 129 heavily redacted pages
relating to the 2001 investigation of Marc Rich, a former hedge fund
trader who had been convicted of tax evasion and who was pardoned by
former president Clinton on his last day in office.

That investigation was closed in 2005 and no charges were filed
against Mr Clinton.

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Currency Markets at a Glance WSJ
World Currencies


Euro 1.1067
Dollar Index 97.64
Japan Yen 103.85
Swiss Franc 0.9730
Pound 1.2247
Aussie 0.7631
India Rupee 66.835
South Korea Won 1149.55
Brazil Real 3.2375
Egypt Pound 8.8791
South Africa Rand 13.6132

Dollar Index 3 Month Chart INO 97.64

http://quotes.ino.com/charting/index.html?s=NYBOT_DX&v=d3&t=c&a=50&w=1

Dollar Canada 1.3393 Target 1.4500
http://quotes.ino.com/charting/index.html?s=FOREX_USDCAD&t=f&a=50&w=1&v=d6

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Commodity Markets at a Glance WSJ
Commodities


#Gold rose for a 5th day to the highest level in almost a month as
tight US race spurs haven demand. Holger Zschaepitz

https://twitter.com/Schuldensuehner/status/793681232001392640

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Brazil's drought has gotten so bad that the country's instant-coffee makers, the world's top suppliers, are no longer entering into new export contracts
International Trade


Producers have stopped entering into sales commitments since September
because of depleted stockpiles of the beans, according to a Abics, a
group representing the nation’s soluble coffee industry. Brazil is the
world’s No. 1 maker and exporter of instant coffee.

Coffee prices have soared this year as Brazil’s dry weather shrank its
robusta crop to the smallest in more than a decade. The South American
woes followed drought in Asian growers including Vietnam, the top
producer of the bean variety. With robusta getting harder to find,
more coffee roasters are using arabica beans, the smoother type
favored by Starbucks Corp., tightening supplies and pushing up prices
for that variety as well.

The “soluble industry can’t replace robusta with arabica as roasters
do,” Lima said. “We are being asphyxiated.”

Brazil’s domestic prices for robusta beans surged about 44 percent
this year, reaching all-time highs. That nation’s crop will drop to an
11-year low of 9.4 million metric tons, the government’s crop agency
estimates. Benchmark robusta futures traded in London have climbed in
eight of the past nine months.

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Emerging Markets


#Dubai sponsors US $ 3 billion airports finance deal to enable
passenger traffic target of 146 million by 2025 across its airports

https://twitter.com/DXBMediaOffice/status/793397930178772992

24-FEB-2014 Dubai is the real transit state, a connection point in an
interconnected century

http://www.rich.co.ke/media/docs/038NSX2402.pdf

Frontier Markets

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17-OCT-2016 :: what is clear now is that the dissent has metasized to the point that the regime has seen fit to impose a six month state of emergency @TheStarKenya
Africa


17-OCT-2016 :: The Cushion Bearer [Emperor was very short and
therefore had to perched on cushions so as not to be beneath his
subjects] became an all-powerful figure at the Imperial Court.
@TheStarKenya

http://www.rich.co.ke/media/docs/PX_014NSX1710.pdf

17-OCT-2016 ::  Kapuściński recounts the tale of Lulu, Haile
Selassie’s lap dog @TheStarKenya

http://www.rich.co.ke/media/docs/PX_014NSX1710.pdf

Ethiopian Emperor Haile Selassie holds his dog Lulu in Vancouver
on April 26, 1967.

http://www.montrealgazette.com/cms/binary/8297064.jpg

Don't think any African president has ever  done this. Kagame
drove King Mohammed VI to the airport. Photo courtesy @ali_naka

https://twitter.com/SureKamhunga/status/793333255370076160/photo/1?ref_src=twsrc%5Etfw

'Time to account for crippling the state' - Mandela Foundation
takes a swipe at Zuma

https://twitter.com/SundayTimesZA/status/793431740136259584

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Apartheid Torture Steeled Gordhan for Political Warfare @BloombergEM
Africa


Pravin Gordhan has ''captured'' @SAPresident Zuma and applied the
Tangled weave strategy to the President.

This outcome is bullish for the Rand.

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South Africa All Share Bloomberg +0.61% 2016
Africa


Dollar versus Rand 6 Month Chart INO 13.6132 [Gordhan supports the ZAR]

http://quotes.ino.com/charting/index.html?s=FOREX_USDZAR&v=d6&t=c&a=50&w=1

Egypt EGX30 Bloomberg +20.58% 2016

http://www.bloomberg.com/quote/CASE:IND

Nigeria All Share Bloomberg -4.85% 2016

http://www.bloomberg.com/quote/NGSEINDX:IND

Ghana Stock Exchange Composite Index Bloomberg -13.38% 2016

http://www.bloomberg.com/quote/GGSECI:IND

AIMnews ‏@MozNewsAgency  #Mozambique publicly-owned electricity
company EDM increased its prices, as of Tuesday, by between 27 and 40
per cent.

https://twitter.com/MozNewsAgency/status/793457659076829184

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31-OCT-2016 ::Mozambique from Boom to Bust - A Cautionary Tale @TheStarKenya
Africa


We visited in 2012 and I recall the wife being seriously astonished
when we jumped in a taxi and the driver turned out to be Portuguese.

I said ‘’Mozambique could be the next Qatar.’’ as we stuffed ourselves
with wonderfully flavour some tiger prawns.

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DRC Opposition Buries Members Killed During Unrest
Africa


KINSHASA, DRC — Simmering political tensions in the Democratic
Republic of Congo were on display Tuesday as the country’s largest
opposition party buried six people who were killed when the party's
headquarters was attacked amid violent protests in September.

At the funeral service, hundreds of mourners made no secret of who
they hold responsible for their loss. They chanted that President
Joseph Kabila is killing people in Congo and must resign immediately.

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Ecobank will be closing nearly a third of its branches by end of April next year as it seeks to push business through digital channels.
Kenyan Economy


They are Chambers, Ongata Rongai, Gikomba, Embakasi, Thika Road Mall
(TRM), Meru, Kitale, Busia and Malindi branches. Ecobank will remain
with 20 operating branches.

"The decision to close the nine branches was arrived at early this
year after we reviewed our business operating model and elected to use
a more effective and efficient way of serving our customers," said
chief executive Sam Adjei.

Conclusions

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29-AUG-2016 . I called this a "Schumpeter moment" for banking a little while ago. @thestarkenya
Kenyan Economy


According to Schumpeter, the “gale of creative destruction” describes
the “process of industrial mutation that incessantly revolutionises
the economic structure from within, incessantly destroying the old
one, incessantly creating a new one”.  ‘’a gale of creative
destruction’’ blew through the banking sector.

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Kenya Shilling versus The Dollar Live ForexPros
Kenyan Economy


Nairobi All Share Bloomberg -5.07% 2016

http://www.BLOOMBERG.COM/quote/NSEASI:IND

Nairobi ^NSE20 Bloomberg -20.13% 2016

http://j.mp/ajuMHJ

3,227.24 -1.98 -0.06%

Every Listed Share can be interrogated here

http://www.rich.co.ke/rcdata/nsestocks.php

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by Aly Khan Satchu (www.rich.co.ke)
 
 
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November 2016
 
 
 
 
 
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