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The US is heading for a debt-driven “financial meltdown” within five to seven years, according to Judd Gregg, the outgoing Republican senator for New Hampshire.
In a robust and at times testy video interview for the Financial Times’s View from DC series, Mr Gregg also complimented China for showing rising alarm about the US’s [...]
Much of the Northern Hemisphere is in the grip of arctic air and record snowfalls that have been inflicting hardship and havoc from China to Russia to Western Europe and over to the American Plains.
Meanwhile, the Southern Hemisphere has been experiencing a warmer than average summer.
Planetwide, the weather has become remarkably unpredictable.
There are few [...]
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Health experts say extraordinary measures against swine flu — most notably quarantines imposed by China, where entire planeloads of passengers were isolated if one traveler had symptoms — have failed to contain the disease.
Despite initially declaring success, Beijing now acknowledges its swine flu outbreak is much larger than official numbers show.
China’s official count of some [...]
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 [...]
A stinging attack by John Hartigan, the CEO of Rupert Murdoch’s News Limited, labels bloggers and alternative media outlets as “political extremists”. Hartigan implies that bloggers should be jailed as they are in oppressive police states like China and Burma.
In a speech to the National Press Club, Hartigan savagely dismissed blogs as, “Something of such [...]
A stinging attack by John Hartigan, the CEO of Rupert Murdoch’s News Limited, labels bloggers and alternative media outlets as “political extremists”. Hartigan implies that bloggers should be jailed as they are in oppressive police states like China and Burma.
In a speech to the National Press Club, Hartigan savagely dismissed blogs as, “Something of such [...]
Beijing has ordered Google to stop users of its Chinese-language service accessing overseas websites in the biggest blow to the world’s leading search engine in China since it started operating there four years ago.
In a move that could disrupt Google’s growth in China, which now has more internet users than the US, the Chinese government [...]
The world’s great powers slapped North Korea with more sanctions Friday, to punish the regime for defiantly setting off atomic blasts despite previous promises and international pleas.
In a unanimous vote, the world’s five, veto-wielding great powers – Britain, China, France, Russia and the United States – were backed by the 10 other members of [...]
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"The way I think we should get there is have a voluntary one child per family for the next hundred years… like they do in China now." Ted Turner, father of 5.
SOME of America’s leading billionaires have met secretly to consider how their wealth could be used to slow the growth of the [...]
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Professor Roubini, of New York University’s Stern business school, believes that while such a major change is some way off, the Chinese government is laying the ground for the yuan’s ascendance.
Known as “Dr Doom” for his negative stance, Prof Roubini argues that China is better placed than the US to provide a reserve currency for [...]
China, wary of the troubled US economy, has already “canceled America’s credit card” by cutting down purchases of debt, a US congressman said Thursday.
China has the world’s largest foreign reserves, believed to be mostly in dollars, along with around 800 billion dollars in US Treasury bonds, more than any other country.
But Treasury Department data shows [...]
China’s State Reserves Bureau (SRB) has instead been buying copper and other industrial metals over recent months on a scale that appears to go beyond the usual rebuilding of stocks for commercial reasons.
Nobu Su, head of Taiwan’s TMT group, which ships commodities to China, said Beijing is trying to extricate itself from dollar dependency as [...]
A vast electronic spying operation has infiltrated computers and has stolen documents from hundreds of government and private offices around the world, including those of the Dalai Lama, Canadian researchers have concluded.
In a report to be issued this weekend, the researchers said that the system was being controlled from computers based almost exclusively in China, [...]
Emerging markets, led by China and Russia, plan to jointly challenge the U.S. dollar’s role as the world’s sole benchmark currency at the April 2 meeting of the Group 20 nations – a move that underscores the currency’s weakness and fading support around the world.
The creation of a new reserve currency to be issued by [...]
Emerging markets, led by China and Russia, plan to jointly challenge the U.S. dollar’s role as the world’s sole benchmark currency at the April 2 meeting of the Group 20 nations – a move that underscores the currency’s weakness and fading support around the world.
The creation of a new reserve currency to be issued by [...]
Emerging markets, led by China and Russia, plan to jointly challenge the U.S. dollar’s role as the world’s sole benchmark currency at the April 2 meeting of the Group 20 nations – a move that underscores the currency’s weakness and fading support around the world.
The creation of a new reserve currency to be issued by [...]
China on Thursday slammed a Pentagon report on its growing military might, saying criticism of China’s lack of transparency betrayed Washington’s “Cold War” mindset and risked damaging ties.
China had complained to Washington about the annual report, which was released on Wednesday, because it distorted the truth and amounted to meddling in China’s affairs, Foreign Ministry [...]
North Korea confirmed Saturday that it had detained two American journalists on charges of “illegally intruding” into the North through its border with China.
The journalists, Laura Ling, a Chinese-American, and Euna Lee, a Korean-American, both working for Current TV, were on a reporting trip along the border when they were detained by North Korean border [...]
Source: BBC
The biggest challenge facing China is not slowing growth but unemployment, which could trigger social unrest, a Chinese government minister has said.
Commerce Minister Chen Deming told the BBC that when economic growth slowed “the chances of possible social unrest increase as well”.
Mr Chen also said China was taking steps to improve social security.
He [...]
Source: Global Research
by F. William Engdahl
Global Research, February 5, 2009
Moscow has correctly assessed that the announced Obama troop buildup in Afghanistan has no relevance to the stated aim of combatting the ‘Taliban’, but rather with a new attempt by the Pentagon strategists to encircle both Russia and China on Eurasia in order to retain [...]
Source: Global Research
by F. William Engdahl
Global Research, February 5, 2009
Moscow has correctly assessed that the announced Obama troop buildup in Afghanistan has no relevance to the stated aim of combatting the ‘Taliban’, but rather with a new attempt by the Pentagon strategists to encircle both Russia and China on Eurasia in order to retain [...]
That’s quite the horde indeed…
Source: guardian.co.uk
Around 20 million migrant workers have returned to the Chinese countryside after failing to find work in the cities because of the economic downturn, a senior official said today.
The figure – greater than the population of Australia – is double a previous official estimate and will heighten the concerns [...]
Source: CNN.com
A woman from China’s far northwest has died from bird flu, health authorities said Saturday, making her the country’s fourth fatality from the deadly avian influenza so far this year.
The 31-year-old woman, who was identified by her first name Zhang, fell ill on January 10. She died Friday morning, according to the health department [...]
Source: Reuters
China faces surging protests and riots in 2009 as rising unemployment stokes discontent, a state-run magazine said in a blunt warning of the hazards to Communist Party control from a sharp economic downturn.
The unusually stark report in this week’s Outlook (Liaowang) Magazine, issued by the official Xinhua news agency, said faltering growth could spark [...]
Source: Reuters
The financial crisis is shattering global confidence, with three quarters of households cutting spending and consumers in emerging countries feeling especially squeezed, a survey showed on Tuesday.
While countries like China, India and Russia have helped fuel world growth in recent years, the survey of 22 states in November found consumer optimism in such emerging [...]
Source: CNN.com
Six Chinese infants may have died from consuming melamine-tainted milk powder, twice the number previously reported by the government, the Ministry of Health said Monday.
The Ministry of Health said it has screened more than 22 million infants and children since September 10 and found that contaminated milk has sickened nearly 300,000 children — a [...]
Source: Yahoo! Finance
A gauge of U.S. manufacturing activity that fell to a 26-year low Monday followed similarly weak readings in Europe and China, fueling fears of a deepening global downturn.
The Institute for Supply Management’s index of manufacturing activity for November fell to 36.2 from October’s 38.9. The reading was worse than Wall Street economists’ [...]
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Supplies against Swine Flu These are some supplies you should consider acquiring, wherever you can obtain them from, but you should act quickly because I suspect they will be going fast.
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