During the 2008 financial crisis, it is well known that nobody went to jail because of it. However, it is relatively unknown that only one bank did get charged for mortgage fraud. Abacus Federal Savings Bank is a relatively small bank which has 6 branches in NY, PA and NJ, has uncovered improper behavior of one employee and was subsequently fired and reported the proper … [Read more...] about Abacus: Small Enough to Jail
North Korea; Has the nuclear calculus been changed?
In the past, the US stance on North Korea gone from the 'appeasement' during the Clinton Era, "Axis of Evil" Era during Bush Era and "Strategic Patience" during the Obama Era. In the advent of Bush Era and Obama era, the US has been trying to hatch a plan of trying to overthrow the North Korean government, very much like what happened to Syria and Libya years after the "Axis of … [Read more...] about North Korea; Has the nuclear calculus been changed?
Hong Kong: Is One Country 2 system actually hurting them?
Hong Kong was once a prosperous 20 years ago, but its economic stagnation is dwarfed compared to the Rise of China, even to a point that I see where neighboring Providences like Guangzhou and Shenzhen is equal or better than Hong Kong in terms of technological innovation and lack of economic integration to Hong Kong. Let's be accurate here, the Rise of Hong Kong in the years … [Read more...] about Hong Kong: Is One Country 2 system actually hurting them?
Rise of China and the decline of Baizuo?
About 15 years ago, the term "China's Peaceful Rise" was coined and the use of soft power was to be used by China as a way to spread its influence to other countries and eventually overcome the US as the dominant country. Many western skeptics at the time laughed at the notion but China knows better and this won't happen in a few years but rather in a few decades. One of the … [Read more...] about Rise of China and the decline of Baizuo?
Obama’s Foreign Policy, World Less Safe and America not a Shining Beacon to the World.
Donald Trump has taken over the presidency and Obama's foreign policy has taken to the scrapheap. Many other presidents try to aim to use their goodwill to set an example as a world power by Obama is just trying too much to impose America's will over other countries at the same time, namely China and Russia, that ultimately backfired and made China and Russia less dependent on … [Read more...] about Obama’s Foreign Policy, World Less Safe and America not a Shining Beacon to the World.