Lecturing others amounts to schadenfreude. Wait. What? An interesting phenomenon seems to be in the air. With the current financial crisis in America and unrest in Britain, it appears that multiple western media outlets cannot resist the temptation to interpret China's and other countries' responses in terms of "schadenfreude". Although not as amusing as … [Read more...] about All your Schadenfreude are belong to us?
China
Dalai Lama Retires…
There is a lot going on in the world. A natural disaster in Japan. Ravages of war from Pakistan, Afghanistan, Iraq, Palestinian territories, to now Libya. The world is still in a recession. There is global warming. And population is still set to reach 9 billion by 2045. Still I think there is still time for some comic relief. Obama made his NCAA picks last week. And the … [Read more...] about Dalai Lama Retires…
The Five Principles of Peaceful Coexistence
After contemplating a while what to write for Day one of 2011, I thought it worthwhile to simply remind everyone what the Five Principles of Peaceful Coexistence are. They form the bedrock of Chinese foreign policy. Chinese President Hu Jintao's 2011 New Year's address reaffirmed China's adherence to them: China will develop friendly cooperation with all other countries on … [Read more...] about The Five Principles of Peaceful Coexistence
EU Investigates Google
The EU begins officially to investigate Google for alleged anti-competitive practices. According to this aljazeera report, European Union regulators are to investigate whether Google has abused its dominant position in the online search market in what will be the first major inquiry into the internet giant's business practices. The competition watchdogs formally announced … [Read more...] about EU Investigates Google
Russia and China pour water on U.S. ‘quantitative easing’
Russian President Vladimir Putin and Chinese Premier Wen Jiabao has just jointly announced in St. Petersburg to no longer use the U.S. dollar in their two country's bilateral trade. China Daily reported the news, headlining, "China, Russia quit dollar." This is a reaction to the yet another round of printing by the Fed ($600 billion in fact). "Quantitative easing" are new … [Read more...] about Russia and China pour water on U.S. ‘quantitative easing’