One of the reason why Australia was able to stay out of the economic crisis is due to China’s interest in Australia’s resources. Regardless of past criticisms, the trade and business between the two countries…
Tag: China
The latest news from XINHUA shows that China’s Purchasing Managers Index (PMI),is rising for the fourth consecutive month to the highest level since October last year. Such PMI reading shows that the Chinese economy, despite talks of a Chinese…
PARIS, Feb. 26 (Xinhua) — Two controversial ancient Chinese relics were auctioned on Wednesday night for 14 million euros (17.92 million U.S. dollars) each to anonymous telephone bidders at Christie’s sale of the collection of…
Seven months after the official announcement on 9/21/11 of “Operation Twist” not much progress has been made at the long end of the market to reduce yields.The yield on the 10-year T-note has gone from 1.88% to 2.3% and the 30-year bond went from 3.03% to 3.41%. The episode has been marred by hedge fund and sovereign selling, which has left the short end a little higher, but the long end much higher. The question now is how much did this cost the Fed for such disappointing results? Or in fact was this really their objective? We may never know, because the Fed hides what they do not want anyone to know. These results might not seem important but US Treasury instruments are the foundation of the global monetary system.
Combating Chinese Economic Encroachment in Central Africa Since the time of the British Empire and the manifesto of Cecil Rhodes, the pursuit of treasures on the ‘hopeless continent’ has demonstrated the expendability of human life….
Coincidently, the US military is now attempting to increase its presence in what is widely considered the world’s most resource rich nation, the Democratic Republic of the Congo. The DRC has suffered immensely during its history of foreign plunder and colonial occupation; it maintains the second lowest GDP per capita despite having an estimated $24 trillion in untapped raw minerals deposits. During the Congo Wars of the 1996 to 2003, the United States provided training and arms to Rwandan and Ugandan militias who later invaded the eastern provinces of the DRC in proxy. In addition to benefiting various multinational corporations, the regimes of Paul Kagame in Rwanda and Yoweri Museveni in Uganda both profited immensely from the plunder of Congolese conflict minerals such as cassiterite, wolframite, coltan (from which niobium and tantalum are derived) and gold. The DRC holds more than 30% of the world’s diamond reserves and 80% of the world’s coltan, the majority of which is exported to China for processing into electronic-grade tantalum powder and wiring.
“… even our children will pay for this. Now they have done it and taken their revenge.” RESIDENTS of an Afghan village near where an American soldier is alleged to have killed 16 civilians are convinced that the slayings were in retaliation for a roadside bomb attack on US forces in the same area a few days earlier. In accounts to The Associated Press and to Afghan government officials, the residents allege that US troops lined up men from the village of Mokhoyan against a wall after the bombing on either March 7 or 8, and told them they would pay a price for the attack. The lawyer for Army Staff Sergeant Robert Bales, who is accused in the March 11 killings of the 16 civilians, has said that his client was upset because a buddy had lost a leg in an explosion on March 9. It’s unclear if the bombing cited by lawyer John Henry Browne was the same as the one described by the villagers that prompted the alleged threats. After a meeting at a military prison in Fort Leavenworth, Kansas, Mr Browne said Sgt Bales told him a roadside bomb blew off the leg of one of his friends two days before the shootings occurred.
According to their website, the American NGO, Invisible Children, claims now to have had over 80 million viewers to their YouTube video, “Kony2012,” since its release on YouTube a few weeks ago. For anyone with the patience to sit through the entire YouTube of Kony2012, it is questionable how truthful the figure of 80 million viewers is. Eighty million is unprecedented in YouTube history by all accounts. The video features such prominent Hollywood personalities as Angelina Jolie, George Clooney, Lady GaGa, Bill Gates, Bill Clinton, Sean “Puff Daddy” Combs and other notables. It’s a slick, sentimental story directed by Jason Russell, a 33-year-old now-hospitalized American filmmaker who apparently just underwent a bizarre mental disconnect on the streets of San Diego.[1] The YouTube video depicts a young Ugandan, Jacob Acaye, whom Russell claims he befriended some ten years earlier after Acaye escaped conscription into Joseph Kony’s Lord’s Resistance Army (LRA) as an 11-year-old killer. The film portrays Kony as the world’s worst beast and terrorist, in effect, Africa’s Osama bin Laden. [2]
Continues from Part I, “The Jeju Naval Base Another US Base in Korea: Strategic Threat to China I”: http://www.4thmedia.org/2012/03/16/emergency-report-the-entry-to-jeju-island-by-3-american-vets-for-peace-members-were-denied-forcibly-deported-by-s-korean-authorities/ Introduction to Part II Prof. Bruce Cumings, the Chicago University Professor, the world’s most renowed and…
The south Korean puppet forces are busy with an odd smear campaign over the issue of DPRK’s launch of Kwangmyongsong-3. Afloat on Saturday alone were rumors aimed to disturb negotiations between the DPRK and the…