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Satchu's Rich Wrap-Up
 
 
Wednesday 25th of January 2017
 
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"There are decades where nothing happens; and there are weeks where
decades happen." - @MurphyEoghan #eff17

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What is a micro expression? @PaulEkman
Africa


When someone conceals emotions, leakage of that emotion can often be
found on that person’s face. This leakage may be seen on one region of
the face, or flashed in a millisecond across the whole face.

Haggard and Isaacs were the first to describe micro expressions
(calling them “micro momentary expressions”) in their study of
psychotherapeutic interviews. They explained the appearance of
“micros” as the result of repression; the patient did not know how he
or she was feeling. Haggard and Isaacs also implied that these
fleeting expressions could not be recognized in real time, but Ekman
and Friesen later showed that, with training, anyone could learn to
see “micros” when they occurred. Ekman and Friesen also broadened the
explanation of why micros occur.

In 1967, Dr. Ekman began to study deception, starting with clinical
cases in which the patients falsely claimed not to be depressed in
order to commit suicide when not under supervision. In the very first
case, when films were examined in slow motion, Ekman and Friesen saw
micro facial expressions which revealed strong negative feelings the
patient was trying to hide.
Micro expressions happen when people have hidden their feelings from
themselves (repression) or when they deliberately try to conceal their
feelings from others. Importantly, both instances look the same; you
cannot tell from the expression itself whether it is the product of
suppression (deliberate concealment) or repression (unconscious
concealment).

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PAUL AUSTER'S NOVEL OF CHANCE In "4 3 2 1," one man's life unfolds along four diverging narrative arcs.
Africa


According to a currently popular line of philosophy, a self is merely
the sum of all the stories we tell about a particular human body. It’s
an idea that resonates through the work of the writer Paul Auster, in
whose fiction both selves and stories are precarious constructions,
fascinating but unstable, more illusion than reality. In “4 3 2 1”
(Holt), Auster’s first novel in seven years and, at eight hundred and
sixty-six pages, the longest by far of any book he has published, a
single man’s life unfolds along four narrative arcs, from birth to
early adulthood. “Clearly you’ve read Borges by now,” the faculty
adviser remarks to one of these iterations of Archie Ferguson, a
character who, like most of Auster’s heroes, is fanatically bookish.
“4 3 2 1” is indeed a doorstop of forking paths.

Sudden death has been a preoccupation of Auster’s since his own
summer-camp days. At the age of fourteen, while hiking during a storm,
he was part of a line of boys crawling under barbed wire when
lightning struck the fence, killing the boy in front of him. Chance,
understandably, became a recurring theme in his fiction, and in “4 3 2
1” it contributes to the four distinct paths of Archie’s life. So,
too, does character.

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PHOTO BOOTH BLACK COWBOYS, BUSTING ONE OF AMERICA'S DEFINING MYTHS NewYorker
Africa


“What a magnificent body, how I should like to see it on the
dissecting table.” ― Ivan Turgenev, Fathers and Sons

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Chinese ICBMs designed to strike targets in the United States @engpravda
Law & Politics


"Judging from the photos that appeared in December, one brigade was
deployed in Heilongjiang, most likely near the city of Daqing. This
province is adjacent to Russia, but the border with Russia is a few
hundred kilometers away. In the north-east of China, there are
medium-range missiles deployed, and those missiles are capable of
striking the territory of Russia. Yet, the Chinese ICBMs  are designed
to strike targets in the United States. The Dunsan-4, for example, is
a heavy, solid-fuel intercontinental missile of new generation capable
of delivering a large amount of warheads to the continental United
States."

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VANITY FAIR @VanityFair Graydon Carter: Welcome to Trumpistan
Law & Politics


A preening and vindictive strongman at the top, living in gilded
opulence, and surrounded by generals and business cronies. Is this
what a junta looks like? Or—with the Twitter-storms, the
Cabinet-selection runway show, and the erratic broadsides at
everything from the media and the C.I.A. to a local labor-union
official—does the walk-up to a Donald J. Trump presidency seem like
one long string of Onion headlines? Bit of both, actually. We’re on
our way down the rabbit hole, and nothing is what it seems. Trump’s
“Thank you” tour prior to being sworn into office wasn’t that at all.
It was an ego-boosting victory lap. It was his “You’re welcome!” tour.
Making vulture investor Wilbur Ross and Hollywood moneyman Steven
Mnuchin the guardians of the nation’s economy? I mean, really? A
climate-change denier at the head of the Environmental Protection
Agency? An oil executive with no political experience but close ties
to Russian president Vladimir Putin at the head of the State
Department? When the best-read member of the Cabinet is nicknamed “Mad
Dog” you know we are in uncharted waters. Trump is draining the swamp
of tadpoles and filling it with Gila monsters.

I always felt that the pendulum in America just swung in a wider arc
than it did everywhere else in the West. The 50s were politically
darker in the U.S. than they were in other democracies. They were also
sunnier and bikinier. The 60s were more exuberant in America than they
were elsewhere—and also more troubled. The 80s in the U.S. had more
excess than anywhere else—and more disparity. Rippling through every
American dec ade is a racial tension unique in Western democracies.

During the campaign, Hillary Clinton pitched to the donor class,
treating New York and the wealthier precincts of America as giant
A.T.M.’s. Trump went straight to the voting class—specifically, that
great swath of Americans who feel they have been left behind in the
wake of epic technology disruptions, the banking scandals of the Great
Recession, and the influx of immigrants from places they have trouble
finding on a map

Many of them found this new, moneyed iteration of the American Dream.
But the ones who didn’t—and they are the majority—feel like diners who
have come late to a buffet where all the shrimp and lobster have been
taken. Trump, still gnawing on his shrimp, tapped into this
disaffection with great gusto. And his supporters bought his act—that
he was a successful businessman, despite much evidence to the
contrary. As Fran Lebowitz says, Trump is “a poor person’s idea of a
rich person.”

As Special Correspondent Sarah Ellison points out in “Ivanka’s
Apprentice,” the Trump “brand” has been a defining aspect of both
daughters’ lives. During her parents’ divorce, Ivanka once tearfully
asked her mother if the split meant that she wouldn’t be “Ivanka
Trump” anymore.

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.@realDonaldTrump travels with a claque via @Bershidsky
Law & Politics


Reports that President Donald Trump travels with a claque -- a group
of supporters that creates the impression of support for him at
functions like a recent meeting with Central Intelligence Agency staff
-- have added to a growing list of ways his administration resembles
Russian President Vladimir Putin's.

Over the weekend, Trump press secretary Sean Spicer all but invited
comparisons to his Russian counterpart by offering "alternative facts"
about the inauguration crowd's size. With a straight face, Putin's
spokesman, Dmitri Peskov, has denied the involvement of Russian troops
in Crimea and eastern Ukraine and claimed that a $620,000 watch he
wore was a present from his wife, an Olympic figure skater.

Putin operates in a bubble in part to protect a retiring,
inward-looking man from unwanted interactions. It's essentially a
shell.

Trump is creating a bubble because he wants to be admired, to win,
always to be the best. He doesn't shrink from unnecessary contact as
Putin does -- just from any reality in which he is not Number One. His
bubble is an aquarium.

The striking difference between the two men doesn't preclude
dictatorial tendencies in both. A flamboyant dictator, however, is
likely more vulnerable than a reticent one -- something that should
concern those who will help Trump prepare for inevitable negotiations
with Putin.

Conclusions

vainglorious
Etymology
From Old French vain glorios, from Latin vānus ‎(“empty”) + glōriōsus
Adjective[edit]
vainglorious ‎(comparative more vainglorious, superlative most vainglorious)
With excessive vanity or unwarranted pride.
vainglory

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Currency Markets at a Glance WSJ
World Currencies


Euro 1.0724
Dollar Index 100.25
Japan Yen 113.62
Swiss Franc 1.0015
Pound 1.2515
Aussie 0.7539
India Rupee 68.135
South Korea Won 1165.20
Brazil Real 3.1698
Egypt Pound 18.9765
South Africa Rand 13.3789

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"He knew he was going down, internally and externally," Halifa Sallah said of Jammeh
Africa


“He knew he was going down, internally and externally,” Halifa Sallah,
a spokesman for Gambia’s incoming administration, said of Jammeh. “The
use of force was very clear. ECOWAS was around the border. The fact
that he would be alone, he would have fallen like a house of
cards.”“The use of force was very clear. ECOWAS was around the border.
The fact that he would be alone, he would have fallen like a house of
cards.”

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"We get outrageous proposals telling us, 'if you sign with Beijing we'll offer you $50 billion or even more," Barry
Africa


Taiwan’s last two African allies have no plans to switch allegiances
and break ties with Taipei as Beijing tries to woo the self-ruled
island’s diplomatic partners.

Burkina Faso won’t cut relations with Taiwan despite people and
companies with links to China offering funding in return for
recognition of the One-China principle, according to Foreign Minister
Alpha Barry. Swaziland said its relationship with Taiwan is based on
mutual interests, not on money.

“We get outrageous proposals telling us, ‘if you sign with Beijing
we’ll offer you $50 billion or even more,’’’ Barry said in an
interview in the capital, Ouagadougou, this month. “Taiwan is our
friend and our partner. We’re happy and we see no reason to reconsider
the relationship.”

Competition between China and Taiwan for diplomatic allies has
intensified since Tsai Ing-wen became the island’s president last
year. She has refused to explicitly endorse the One-China policy, an
acknowledgment that the two are part of the same China even if they
disagree on what that means. China, which considers Taiwan a breakaway
province, won’t have diplomatic relations with countries that
recognize Taiwan as a separate nation.

Last month the tiny island nation of Sao Tome and Principe split with
Taiwan because it’s facing dwindling support from its traditional
partners, mainly oil-producing nations hit by the slump in the crude
price. Taiwan said Sao Tome had asked for more than $100 million to
maintain relations, and called the move that cut to 21 the number of
its diplomatic partners “reckless and unfriendly.”

Taiwan’s growing isolation amid tensions with China was further
highlighted when Nigeria on Jan. 11 ordered Taipei to close its trade
mission in the capital, Abuja. Nigeria’s foreign affairs minister,
Geoffrey Onyeama, announced the measure after meeting with his Chinese
counterpart Wang Yi, who said his government planned to invest $40
billion. Onyeama said the trade office was an “anomaly” and should be
moved to the commercial hub, Lagos.

That’s left Taiwan with Burkina Faso and Swaziland, two landlocked
nations with a combined population of less than 20 million people and
economies worth $11 billion and $4 billion respectively. Burkina Faso
resumed relations with Taiwan in 1994 following a 21-year hiatus,
while ties between Swaziland and Taiwan date to 1968, making Swaziland
the African partner with the longest history.

read more


Mauritian Premier Succeeded by Son, Opposition Plans Protest
Africa


Pravind Jugnauth took over as Mauritius’s new prime minister, a day
after his father resigned and bequeathed the premiership to his son,
as the opposition announced plans to demonstrate against the transfer
of power.

Jugnauth, 55, was sworn in Monday at a ceremony in the capital, Port
Louis, and said he would retain his portfolio in the Finance Ministry.
Opposition parties will gather in the city on Friday to protest the
“indecent way the country is run,” Xavier Luc Duval, the head of the
Parti Mauricien Social Democrate, said.

“The handing over of power was done in accordance with the law and
with respect for the institutions and the constitution,” Jugnauth said
in a phone interview. “If there is anyone who thinks that my
appointment was made without respecting the law, he can have recourse
to justice.”

Jugnauth, who served as Mauritius’s finance minister from 2003 to 2005
and 2010 to 2011, was reappointed to the post in May, hours after he
won an appeal against a conviction on charges of corruption. In July,
he delivered an annual budget that targeted development of the
manufacturing, financial-services, tourism, and aquaculture industries
to help lift the country’s economic growth rate.

The economy is expected to grow as much as 4 percent this year,
compared with 3.6 percent in 2016, helped by the first expansion in
the construction industry since 2011, Jugnauth later said in a
statement read on MBC, the state-owned broadcaster. Foreign direct
investment is expected to reach 17 billion rupees ($475 million) this
year, he said.

“I am determined to create a new momentum for our economy with the
setting up of major projects in order to have adequate infrastructure
to attract large investments,” Jugnauth said. The government will
spend 30 billion rupees over three years on transport infrastructure,
25 billion rupees on renewable energy and other energy projects, and
13 billion rupees modernizing its port, he said.

Mauritius is the easiest place in Africa to do business, according to
the World Bank, while the African Development Bank ranks it as the
most competitive economy in sub-Saharan Africa. The sugar- and
textile-exporting nation is targeting becoming a high-income country,
which is defined as an economy with a gross national income per capita
above $12,735, by 2025.

“We want to expand our economic space, especially in Africa,” Jugnauth
said. “The tourism industry, supported by an appropriate air-access
policy, and investment in new hotels, will also be called to continue
its diversification.”

Jugnauth is the leader of the Mouvement Socialiste Militant that has
ruled Mauritius since December 2014, when it came to power in an
alliance with the PMSD and Muvmen Liberater. The PMSD quit the
government in December, citing a disagreement over policy.

His father Anerood Jugnauth, 86, stepped down four months after saying
he probably wouldn’t complete his term that was scheduled to end in
2019.

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Investors started to factor in Pravin Gordhan's fight-back against rogue policy-making
Africa


South African asset prices have of course been battling a ''Zuma''
haircut which began to ebb into year end 2016 [The Rand closed the
Year +11% versus the Dollar] as Investors started to factor in Pravin
Gordhan's fight-back against rogue policy-making.

South African reserve bank keeps repo rate at 7 percent

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South Africa All Share Bloomberg +5.31% 2017
Africa


Dollar versus Rand 6 Month Chart INO 13.3789

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

Egypt Pound versus The Dollar 3 Month Chart INO 18.9765

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

The fundamental paradox at the heart of President Buhari's government
is the Naira. Investors are sidelined waiting for President Buhari's
moment of Epiphany.

http://growthcrossings.economist.com/article/sub-saharan-africa-finding-opportunities-in-disequilibrium/

#Nigeria holds main interest rate at 14 percent

Nigeria All Share Bloomberg -2.44% 2017

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

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The new President of Ghana Nana Akufo-Addo is saying all the right things
Africa


Ghana looks primed to move from a policy-making haircut to a
policy-making premium

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Ghana Stock Exchange Composite Index Bloomberg +4.50% 2017 [expected to do well this year]
Africa


"South Sudan needs an institutional reform – independent, accountable
and transparent central bank. Otherwise, recent changes in Central
Bank can be analogistic," economist Garang Atem

http://www.sudantribune.com/spip.php?article61470

.@BBC_NickCavell  As John Denver once sang I'm Leaving on a Jet
Plane... #Algeria board their plane home from #AFCON2017

https://twitter.com/BBC_NickCavell/status/823861302707765248

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A South African activist who campaigned to remove a statue of Cecil Rhodes has been given a place at Oxford - as a Rhodes scholar.
Africa


Joshua Nott, 23, has been branded a hypocrite on social media for
accepting the £40,000 ($49,925) scholarship.

Mr Nott was a key figure in the Rhodes Must Fall movement at the
University of Cape Town.

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Kenya Shilling versus The Dollar Live ForexPros
Kenyan Economy


Nairobi All Share Bloomberg -7.54% 2017 [levels last seen in July 2013]

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

@Kenya_Re +2.22% in 2017 and this outperformance has been
activated on good volume action @NSEKenya

http://www.rich.co.ke/rcdata/company.php?i=NTQ%3D

Nairobi ^NSE20 Bloomberg -9.83% 2017 [Fresh 2008 Low]

http://j.mp/ajuMHJ

Every Listed Share can be interrogated here

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

read more



 
 
by Aly Khan Satchu (www.rich.co.ke)
 
 
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January 2017
 
 
 
 
 
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