Recently, one sees again a torrent of articles in the Western press about how China is escalating tensions in the the East China Seas By Creating an Air Defense Identification Zone. The response from the U.S. and its lackey Japan has been swift. NYT reports: China’s announcement appeared to be the latest step in what analysts have called a strategy to chip away at Japan’s … [Read more...] about Is China Escalating Tensions in the East China Seas By Creating an Air Defense Identification Zone?
politics
United Nations Climate Change Conference, Warsaw 2013
In a perfect world, we would have free press that report objective and fair news. We are also told that western developed countries are responsible in their dealing with global issues, especially one as important as climate change. However, if you think there is no invisible hand behind what is selected to be reported by press, privately or government held, think again. … [Read more...] about United Nations Climate Change Conference, Warsaw 2013
Another Housing Bubble in US? (Under the Cover of China’s Housing Bubble)
http://www.nbcnews.com/business/housing-sales-drop-worrisome-signs-west-2D11624125 Apparently, the lure of money makes people forget lessons of the past. So when recently the housing prices started to rise again in the Western regions of US, People are starting to dump houses, hoping to cash in on the higher prices. (either that, or just trying to get themselves out of … [Read more...] about Another Housing Bubble in US? (Under the Cover of China’s Housing Bubble)
“Capitalism Has Gone Nuts!”
That's what I said to my parents-in-law who asked me to explain the "market" behavior that turns on every bit of news. To the ordinary people, American or Chinese or anyone else, the "market" is hard to explain/understand. That's because it really is nuts/bonkers/crazy/insane/irrational. This is NOT some "rational market", because this "market" of today responds to … [Read more...] about “Capitalism Has Gone Nuts!”
New Internet Economy Puts Dent In “Boycott China”
I have long maintained that boycotts rarely work well as a tool of political protest. Even when mobilized as a collective national action like a trade embargo, history has not shown much effectiveness in causing political change, other than merely increasing bitterness (like the Embargo against Cuba). Against a much larger target, with even broader scope, such as "boycott … [Read more...] about New Internet Economy Puts Dent In “Boycott China”