[Update inserted at the end] The U.S. Fed chairman Bernanke gave some amazing recycled remarks to the International Monetary Conference on June 3, 2008. In that speech, he offered some gems of wisdom such as: In the financial sphere, the three longer-term developments I have identified are linked by the fact that a substantial increase in the net supply of saving in emerging … [Read more...] about So China is responsible for the sub-prime loan crisis as well?
Archives for June 2008
Can those "putting it on the tab" go on a diet?
For average Chinese, one of the most common complaints about the Chinese government is the pervasive spread of "gray income" corruption in many government departments. At all levels of government, officials have opportunity to benefit themselves using public taxpayer money. Many officials eat and drink outrageously with public funds. Some officials are given the right to a … [Read more...] about Can those "putting it on the tab" go on a diet?
Taiwan and Diaoyutai
Two different Diaoyutai's are front-page news today. First, Diaoyutai islands: a Taiwanese fishing ship collided with a Japanese patrol ship off of the disputed Diaoyutai islands. One man was slightly injured as the boat sank; the passengers have been repatriated, but the crew remains held under Japanese custody. The sovereignty of Diaoyutai is disputed by all sides on the … [Read more...] about Taiwan and Diaoyutai
Olympic torch arrives in Shangri-La
The Olympic torch has arrived in its first Tibetan Autonomous county, and will arrive in Lhasa later this month. Reuters gives us this report of the torch's visit to Shangri-La in Yunnan province, with responses both positive and negative from Tibetans in China: … [Read more...] about Olympic torch arrives in Shangri-La
Tent Donation Campaign
According to government forecasts, up to 3 million tents are desperately needed in the earthquake zone. Every available tent in China has been redirected to this effort, and other international donors have done their best to help as well. (Pakistan, notably, has apparently donated every tent it owns to China.) Not satisfied with just donating money to a nameless charity, a … [Read more...] about Tent Donation Campaign