With Iceland close to bankruptcy and the world’s financial system going to hell, China stands somewhat apart in its relative isolation. Asia Times has an intriguing article on this:
“In the past, China has been blamed for the low-degree of internationalization of its financial industries. Now it seems we are profiting from this ‘fault’,” the commentary said.
Many Chinese economists share this view. “Our not-fully-open financial system and not-fully-convertible currency saved China from being rattled during the 1997 Asian Financial Crisis. And now again this seems to be a strong dam to protect us against the current financial tsunami,” an economics researcher with the Chinese Academy of Social Sciences (CASS) said.
“It is evident that the financial industries cannot become entirely market oriented. The semi-market, semi-government-control system may prove a better [system]. The problem in China is that the part of ...
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The Walking Dude writes “A lengthy article published in Culture Mandala details how China is using cyber warfare (PDF) as an asymmetric means to obtain technology transfer and market dominance. Case studies of Estonia, Georgia, and Project Chanology point towards a new auxiliary arm of traditional warfare. Political hackers and common Web 2.0 users, referred to as useful idiots (PDF), are being manipulated through PSYOPS and propaganda to enhance government agendas.”
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N. Sumatra laborers rally to demand govt cancel wage decree
About a thousand workers staged a rally Monday in front of the North Sumatra legislative council building in Medan demanding the government revoke a recent joint ministerial decree allowing companies to determine minimum wages .
The laborers , grouped under the United Laborers Movement to Fight Slavery (Gebrak), said the decree took into account only the interests of businessmen .
“The government shou... more
Bernie Schaeffer, editor of the Option Advisor, says professional and individual sentiment isn’t bearish ample to indicate a market bottom has been reached.Original post by Richard@RichardCWilson.com (Richard C. Wilson)
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On that blog, we just can’t get adequate of Sir John Templeton. A memorial was held for him on Saturday at Christ Church Cathedral in Nassau (another had been held earlier that month in Princeton, New Jersey). Jesse Hempel writes a remembrance of the man in honor of the occasion in Fortune.Hempel pl…
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A new dinosaur species named Hushiyaolong, which was very closely related to birds, has been discovered by scientists from the Institute of Vertebrate Paleontology and Paleoanthropology with the Chinese Academy of Science. &$ &$The fossil specimen of "Hushiyaolong" (Xinhua photo)&$ &$ The "Hushiyaolong" is named after the name of "Hu Yaoming", a young deceased Chinese paleomammalogist. This new species c ...
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Sun Qingfeng with the Lab for Condensed Matter Theory and Materials Computation, Chinese Academy of Sciences (CAS) Institute of Physics made an intensive study on the electron transport through graphene p-n junctions.... more
Beijing Daily Messenger October 31, 2008
In the wake of a string of melamine-related food safety scares, netizens are pointing their fingers at the Chinese Academy of Sciences for inventing and promoting fodder supplements containing melamine.
The evidence is an advertisement that appeared on the Internet about nine years ago.
The advertisement, which was originally put online in 1999, is about a technology used to manufacture an animal feed supplement called "DH Composite High-p... more
The brand is Sanlu, one of the best known domestic manufacturers of milk products in China. The scandal involves babies falling ill across the country with kidney stones after consuming Sanlu brand baby formula that have since been found to contain melamine, which can boost the apparent protein content of the product in quality control tests. How did this happen? Sanlu says it got a tainted source of milk; nevertheless many people still speculate — based on similar “black-heart foo... more
Malaysia over the years has been known for its share of ethnic violence against Chinese and other minorities. Most recently, Ahmad Ismail, a district chief in the United Malays National Organization ruling party, has been quoted to pronounce :
I urge the Chinese not to become like the Jewish in America, where it is not enough that they control the economy, but they also want to dominate politics.
Consider this a warning from the Malays … the patience of the Malays has a limit. Do n... more
America has the Bald Eagle, a powerful symbol of might, individuality, and freedom — even if Benjamin Franklin thought it was a bird of “bad moral character” inferior to the Wild Turkey.
What does China have as a national bird? Well, it doesn’t yet.
The house sparrow, so common in China, and named one of the four vermins during the 1950’s (and killed en masse), has received a plurality of votes among ten birds in an unofficial online poll for China... more
The recent political turmoils have received relatively scant coverage in the Western Press. Nevertheless, many of us here at Foolsmountain think the events in Thailand are important and interesting because they touch upon so many interesting issues - including the rule of law, democracy, class warfare, public education, and the role of military - all of which are also pertinent to China.
At the risk of oversimplifying, here is a brief synopsis of events that has taken us to the current cri... more
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