“Derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal,” Warren Buffett wrote in 2002
Lindsey Williams Highlight – Derivatives to Implode Economy
How the perfect derivative storm could cost you 90% of your retirement
Those on the wrong end of the coming crash are going to be absolutely wiped out.
Most Americans do not understand what “derivatives” are, so they kind of tune out when people start [...]
Sept. 8 (Bloomberg) — Chinese President Hu Jintao said a slowdown in exports is putting downward pressure on the world’s second-biggest economy, and he pledged to boost domestic demand and promote more balanced growth.
“Economic growth is facing notable downward pressure, some small and medium enterprises are facing a hard time and exporters are facing more difficulties,” Hu said today at the Asia-Pacific Economic Cooperation CEO Summit in Vladivostok, Russia. “We have an [...]
There has been huge controversy over the outfits being produced abroad
Boss of clothing firm says lower costs in China keep clothes affordable
The Chinese manufacturer who made the USA’s Olympics uniform has hit back over criticism at it being produced overseas, questioning whether America would be capable of anything comparable.
Li Guilian, who owns Dayang Trands, pointed to the cheaper cost of labour and materials in China, which allows the country to [...]
BEIJING (AP) — Chinese President Hu Jintao on Thursday pledged African governments $20 billion in credit over the next three years and called for more China-Africa coordination in international affairs to defend against the “bullying” of richer powers.
South African President Jacob Zuma also took take a swipe at European trade partners who he said tended to engage Africa for their sole benefit. But Zuma said Africa must be cautious and avoid allowing [...]
Thousands of people have protested against Chinese rule in Hong Kong. With the inauguration of the new government protesters interrupted a speech by the Hu Jintao. He called for an end to one-party rule.
Hong Kong – The incident occurred during the observation of the Chinese president. Hu Jintao was flown in for the inauguration of the new Government of Hong Kong, Leung Chun-ying. A protester interrupted Hu’s speech with an interjection. He loudly demanded an [...]
HONG KONG (AP) — A Hong Kong reporter briefly threw Chinese President Hu Jintao’s tightly scripted visit to the semiautonomous city off course Saturday by asking about the 1989 military crackdown on protesters in Tiananmen Square.
The reporter for the Apple Daily newspaper said he was detained for about 15 minutes after the incident by three to four security officers, who told him he was too noisy and had broken rules. [...]
China announced today that the Shanghai Cooperation Group military alliance (SCO) has “a bigger role” to play in Afghanistan.
Think about this: most of history’s major empires have occupied Afghanistan at some point. Alexander the Great, Ghengis Khan, the Mugals, the British Empire, the Soviet Union, and currently NATO.
China feels its alliance’s turn is coming up next.
BEIJING — China, Russia and four Central Asian countries have vowed to play a bigger role [...]
Protester ran 50m before collapsing in flames outside Indian Parliament
Over 30 have performed self-immolation this year in protest at China’s rule over Tibet
A Tibetan protester has been treated for severe burns after setting himself on fire in a demonstration during the Chinese president’s visit to India.
The unidentified male protester sprinted for 50m through New Delhi today engulfed in flames as hundreds demonstrated against China’s rule over Tibet.
The protester carried out [...]
WASHINGTON (AP) — George Clooney’s capital blitz to bring attention to the humanitarian crisis in border regions between Sudan and South Sudan arrived at the Oval Office on Thursday, and the actor said he came away from a meeting President Barack Obama encouraged that there is high-level interest in doing more to help a region that soon could suffer mass starvation.
Clooney, whose visit to Washington has drawn outsized press coverage [...]
When British Prime Minister David Cameron visits President Barack Obama this week, one detail may stay bottled up: the labels on the wines the White House pours at the state dinner tomorrow night.
For Obama’s first three state dinners, honoring the leaders of India, Mexico and China, the White House released the name, year and appellation of wines — all-American — paired with each course.
Part of a tradition observed by previous presidents, includingGeorge W. Bush, [...]
Chinese navy warship, the DDG-171 Haikou destroyer, is seen in the Gulf of Aden 2009. …
From Yahoo News:
Chinese President Hu Jintao on Tuesday urged the navy to prepare for military combat, amid growing regional tensions over maritime disputes and a US campaign to assert itself as a Pacific power.
The navy should “accelerate its transformation and modernisation in a sturdy way, and make extended preparations for military combat in order to make greater [...]
Chinese President Hu Jintao (front) arrives in Moscow, Russia, June 15, 2011. Hu Jintao arrived in Moscow Wednesday for a state visit to Russia to deepen pragmatic cooperation between China and Russia. He will attend the St. Petersburg International Economic Forum during visit. (Xinhua/Rao Aimin)
Chinese President Hu Jintao arrived in Moscow on Wednesday for a state visit aimed at deepening pragmatic cooperation between China [...]
Julia Gillard, fourth from left, and Chinese President Hu Jintao, fourth from right, attend a meeting at the Great Hall of the People in Beijing. Photo: AP Photo/Minoru Iwasaki
CHINESE warships could be heading to Australian ports this year after the Prime Minister, Julia Gillard, took “a few small steps” towards military transparency and co-operation with President Hu Jintao.
Ms Gillard told the Herald last night her [...]
Iran will soon begin attacks on Israel via Hezbollah and Hamas proxies to divert and blame the “little Satan”. The “Big Satan” led by the Nobel prize awardee will join the house of Faisal and the E.U. against the Iranian regime. After all, the Prez bowed to the King for all to see. Oil to $200 & the Fed will make a flood that a [...]
China’s biggest bank signed an agreement that would make it the first Beijing-controlled financial institution to acquire retail bank branches in the U.S., though regulators could still block the deal.
Under the deal, Industrial & Commercial Bank of China Ltd., by some measures the world’s largest bank, agreed to acquire a majority stake in Bank of East Asia Ltd.’s U.S. subsidiary. The price tag wasn’t disclosed. People familiar [...]
WASHINGTON (AP) â€” Despite the pomp, pageantry and vows of cooperation, tensions between the United States and China are likely to grow â€” not shrink â€” after President Barack Obama’s summit meeting with Chinese President Hu Jintao.
While the United States struggles with near-chronic unemployment and a continuing housing crisis, China was the first major economy to power out of the global downturn and [...]
When borrowing money it’s always good to have a Plan B in case a big creditor pulls the plug. That should be true whether the sum is a few thousand dollars or about a trillion, the size of the United States government’s debt to China.
With Chinese President Hu Jintao due to arrive in Washington on Tuesday, it is worth asking about U.S. officials’ [...]
The U.S. may face a debt crisis without action to limit federal spending, according to Neel Kashkari, a former Treasury official who headed the taxpayer- funded $700 billion Troubled Asset Relief Program.
â€œOur debt is now starting to get away from us,â€ Kashkari, a managing director at Pacific Investment Management Co., said in an interview on Bloomberg Televisionâ€™s â€œInBusinessâ€ with Margaret Brennan. â€œIndicators in the Treasury market are flashing [...]