It's fox news so take it with as a grain of salt. URL: www.foxnews.com
China equates Tibetan traditions with U.S. slavery
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In a bid for understanding from U.S. President Barack Obama, Beijing argues it liberated the controversial region |
Was Mao Zedong the Abraham Lincoln of China? |
In an attempt to convince U.S. President Barack Obama of its claim to Tibet, the Chinese government has likened the 1959 Communist takeover of the area to the American Civil War, inferring that Mao freed Tibetans from slavery much as Lincoln ended slavery in the United States. |
Chinese Foreign Ministry spokesman Qin Gang suggested that Mr. Obama – who arrives in China this weekend on his first presidential visit – should understand China’s controversial Tibet policy better than other world leaders because “he is a black president and he understands the slavery abolition movement.” Mr. Obama claims Mr. Lincoln as a hero who, he says, helped make it possible for someone of part African descent to win the White House. Read more at www.theglobeandmail.com |
She looks like a bad ass! Mafia ‘godmother’ jailed in China |
BEIJING — A court in China Tuesday sentenced the “godmother” of an organised crime gang to 18 years in jail after a sensational trial which gripped the nation with lurid tales of sex and corruption. |
The ruling by a municipal court in Chongqing was the latest in a series of trials stemming from a huge crackdown on the underworld in the southwestern city of more than 30 million. |
“Godmother” Xie Caiping, 46, allegedly ran 20 illegal gambling dens in hotels, nightclubs and tea houses, was involved in illegal drug activity, and bribed police to turn a blind eye to her crimes, earlier press reports said. |
Xie, who reportedly drove a Mercedes-Benz, owned several luxury villas and kept a stable of 16 young men to provide her with sexual services. Read more at www.google.com |
What I don’t get is why/how does Japan and China have more $$ than the USA? Oh - yeah……we had everything made there and keep buying everything from those countries. I guess that is where they keep getting the continued cash flow. | US May Face ‘Armageddon’ If China, Japan Don’t Buy Debt |
The US is too dependent on Japan and China buying up the country’s debt and could face severe economic problems if that stops, Tiger Management founder and chairman Julian Robertson told CNBC. |
“It’s almost Armageddon if the Japanese and Chinese don’t buy our debt,” Robertson said in an interview. “I don’t know where we could get the money. I think we’ve let ourselves get in a terrible situation and I think we ought to try and get out of it.” |
Robertson said inflation is a big risk if foreign countries were to stop buying bonds. |
“If the Chinese and Japanese stop buying our bonds, we could easily see [inflation] go to 15 to 20 percent,” he said. “It’s not a question of the economy. It’s a question of who will lend us the money if they don’t. Imagine us getting ourselves in a situation where we’re totally dependent on those two countries. It’s crazy.” Read more at www.cnbc.com |
China is hiring, and young Americans are going |
Many find it easier to get work as their friends are idled at home |
BEIJING - When the best job Mikala Reasbeck could find after college in Boston was counting pills part-time in a drugstore for $7 an hour, she took the drastic step of jumping on a plane to Beijing in February to look for work. |
A week after she started looking, the 23-year-old from Wheeling, West Virginia, had a full-time job teaching English. |
“I applied for jobs all over the U.S. There just weren’t any,” said Reasbeck, who speaks no Chinese but had volunteered at the 2008 Beijing Olympics . In China, she said, “the jobs are so easy to find. And there are so many.” |
“China is really the land of opportunity now, compared to their home countries,” said Chris Watkins, manager for China and Hong Kong of MRI China Group, a headhunting firm. “This includes college graduates as well as maybe more established businesspeople, entrepreneurs and executives from companies around the world.” Read more at www.msnbc.msn.com |
This is just not a good thing. China Hired for Homeland Defense |
As if we didn’t have enough to worry about – what with the trillions in taxpayer bailouts of the failed banks, quasi-government mortgage lenders and automakers – listen to this tale of madness from Washington. |
A company run by the son of Chinese Pesident Hu Jintao, who does business with Iran, Cuba and Venzuela, was hired a year ago for $1.9 million to X-ray cargo being loaded on to cruise ships in Los Angeles. |
Maybe that’s what officials thought when the awarded the contract to low bidder Nuctech Inc. (Yes, that’s actually the name of the company.) |
That is the question being raised by U.S. and British competitors. They suggest Nuctech wanted the deal primarily to get its high-tech scanning machines into a major U.S. port. Or, maybe the company so closely tied to the Chinese government wanted to get hooked up to the Department of Homeland Security’s databases. Read more at www.fourwinds10.com |
I have to question this quote, since when did they really ever have “freedom”?
“I’m really furious!” said 21-year-old Li, furrowing her brow as she sipped kiwi juice at a cafe after a compulsory jog that began at 6:30 a.m. “We have completely lost our freedom!” China students upset over mandatory summer drills |
BEIJING (AP) — Until last week, Alice Li’s summer plans were simple: work part-time at a convenience store, study for graduate exams and go to the amusement park with friends. |
The upcoming celebration of 60 years of communist rule in China has changed all that. For many students in Beijing, the summer holidays will instead center around government-mandated drills for an elaborate parade to mark the Oct. 1 event. |
Li, a third-year student at the Capital Institute of Physical Education, will have to quit her job and put everything else on hold to attend practice. For now, the sessions before class last only about half an hour — but will stretch to three when school lets out at the end of July. |
“I’m really furious!” said 21-year-old Li, furrowing her brow as she sipped kiwi juice at a cafe after a compulsory jog that began at 6:30 a.m. “We have completely lost our freedom!” Read more at www.google.com |
Looks like 3 of the 4 BRIC, all but Brazil, are questioning the strength and dominance of the US dollar. Wonder where this will head in terms of economics? | India Joins Russia, China in Questioning U.S. Dollar Dominance |
July 4 (Bloomberg) — Suresh Tendulkar, an economic adviser
to Indian Prime Minister Manmohan Singh, said he is urging the
government to diversify its $264.6 billion foreign-exchange
reserves and hold fewer dollars. |
“The major part of Indian reserves is in dollars — that
is something that’s a problem for us,” Tendulkar, chairman of
the Prime Minister’s Economic Advisory Council, said in an
interview yesterday in Aix-en-Provence, France, where he was
attending an economic conference. |
Singh is preparing to join leaders from the Group of Eight
industrialized nations — the U.S., Japan, Germany, Britain,
France, Italy, Canada and Russia — at a summit in Italy next
week which is due to tackle the global economy. China and Brazil
will also send representatives to the summit. |
As the talks have neared, China and Russia have stepped up
calls for a rethink of how global currency reserves are composed
and managed, underlining a power shift to emerging markets from
the developed nations that spawned the financial crisis. Read more at www.bloomberg.com |
Hard to determine if this was true, but nonetheless the photo is interesting. Thousands of dolphins block Somali pirates |
Thousands of dolphins blocked the suspected Somali pirate ships when they were trying to attack Chinese merchant ships passing the Gulf of Aden, the China Radio International reported on Monday.(Photo: Cri.cn)
Photo Gallery>>> |
BEIJING, April 14
(Xinhuanet) — Thousands of dolphins blocked the suspected Somali pirate ships
when they were trying to attack Chinese merchant ships passing the Gulf of Aden,
the China Radio International reported on Monday.
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| The Chinese merchant ships escorted by a China’s fleet
sailed on the Gulf of Aden when they met some suspected pirate ships. Thousands
of dolphins suddenly leaped out of water between pirates and
merchants when the pirate ships headed for the China’s.
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| The suspected pirates ships stopped and then turned
away. The pirates could only lament their littleness befor the
vast number of dolphins. The spectacular scene continued for a while.
Read more at news.xinhuanet.com |
This could add to the already complicated mess of economics. The Euro was moving in the direction of trying to become a world currency. I am not an economist, but it would seem the downside of a global currency is that it would end up having no respected value. Simply because it would be easier to replicate, easier for each country to mint more when they wanted, and not respected by everyone. More headaches then it would be worth. Anyone see any positive sides to this? China Takes Aim at Dollar, Urges New Global Currency |
China calls for the creation of a new currency to eventually replace the dollar as the world’s standard, reflecting a growing
unhappiness with the U.S. role in the world economy.
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BEIJING — China called for the creation of a new currency to eventually replace the dollar as the world’s standard, proposing
a sweeping overhaul of global finance that reflects developing nations’ growing unhappiness with the U.S. role in the world
economy. |
The unusual proposal, made by central bank governor Zhou Xiaochuan in an essay released Monday in Beijing,
is part of China’s increasingly assertive approach to shaping the global response to the financial crisis. |
Zhou’s proposal
comes amid preparations for a summit of the world’s industrial and developing nations, the Group of 20, in London next week.
At past such meetings, developed nations have criticized China’s economic and currency policies. |
This time, China is
on the offensive, backed by other emerging economies such as Russia in making clear they want a global economic order less
dominated by the U.S. and other wealthy nations. Read more at www.foxnews.com |
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