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)
Open Public Not-So-Specter of Racism and Xenophobia
I have long complained about the overt racist tone in the US government's crusade against "China IP theft", and others have reflected similar sentiments. My main complaint is that "IP theft" actually occurs ALL the time in US, between US companies and individuals, but we rarely ever see any kind of accusations of criminal wrong-doing. Companies often settle out of court, … [Read more...] about Open Public Not-So-Specter of Racism and Xenophobia
“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!”
China Will Relax its One-Child Policy to Increase its Population Growth
The on-going Third Plenary Session of 18th CPC Central Committee has handed down several important decisions recently. One of them involves the relaxation of the one-child policy to spur China's population growth. Xinhua has a good report. An excerpt is provided below: BEIJING, Nov. 15 (Xinhua) -- China will loosen its decades-long one-child population policy, allowing … [Read more...] about China Will Relax its One-Child Policy to Increase its Population Growth
Typhoon Haiyan’s Destructive Path
The news is still enfolding on the destruction Typhoon Haiyan - now barreling its towards Vietnam and on into southern China - left in the Philippines. For those with the means, it appears the best way to help for the public now is to donate money. Two organizations with the capacity to help on the ground are: Doctors without Borders, and International Red Cross. … [Read more...] about Typhoon Haiyan’s Destructive Path