A new cultural revolution is brewing! Adios, cheap China goods.
Authorities in the eastern Chinese city of Ningbo announced the suspension of a planned $US8.9 billion petrochemical plant expansion on Sunday, after three days of protests by thousands of residents concerned about the health and environmental implications.
The decision affects not only a proposed refinery facility owned by the state-owned energy giant, China Petrochemical Corporation (Sinopec), but also the production of the [...]
Saturday, July 14, 2012
On the Friday, July 13, edition of the Alex Jones Show, Alex talks with former FBI Weather Underground informant Larry Grathwohl who quoted Obama confidant and the former leader of the Weathermen as stating that those Americans who could not be re-educated in communist camps after the Revolution would be eliminated in Mao cultural revolution style. Grathwohl authored a book, Bringing Down America, following his testimony before [...]
Debt jubilee will be announced in 2013, once China has been contained (already dozens of army bases surround her), and the US controls the Strait of Hormuz oil.
Debt jubilee is inevitable. War is probably inevitable at this point (at the very least, VERY LIKELY). The U.S. political class will do ANYTHING to prevent austerity. Austerity would compromise their power. Money is just a means to an end. Power is their [...]
By Caixin Online
BEIJING ( Caixin Online ) — People who care about China’s future are likely to have been surprised and heartened by what Premier Wen Jiabao said during his press conference at the end of the National People’s Congress meeting this year, broadcast live on March 14. Over three hours, Wen spoke several times of reforms, particularly political reform.
This time, though, he highlighted three relationships: that between political [...]
In Wednesday’s Cashin’s Comments, Art Cashin pointed to an under-reported moment from Chinese Premier Wen Jiabao’s recent speech.
…another part of the speech caught my eye.
Wen warned that major political change is needed lest the nation fall victim to another “cultural revolution”. Was this a slightly veiled reference to the recent actions and statements of that other Chinese leader, Party Leader Bo Xilai? We’ll try to do some research on that [...]
Chinese premier Wen Jiabao fired a parting shot at conservative officials in the ruling Communist party, warning them that China could face another Cultural Revolution unless it undertakes urgent political reforms.
“Without successful political structural reform, it is impossible for us to fully institute economic structural reform and the gains we have made in this area may be lost,” Mr Wen said at his farewell briefing at the National People’s Congress, [...]
Wen Jiabao vows to use his last year in power to attack mounting discontent he says could end in chaos
He warns China could see a new Cultural Revolution
Chinese Premier Wen Jiabao today warned that the country needs to embrace democracy and make urgent political reforms.
Mr Wen said that the changes are needed to prevent China’s economy from faltering and to spread wealth more evenly.
He vowed to use his last year [...]
Bryce G. Hoffman/ The Detroit News
General Motors Co. has quietly begun laying off white-collar workers as it works to consolidate its global operations.
The numbers are small — a dozen here, a dozen there — but more are coming before the end of the year.
“GM is continually seeking ways to improve our operating performance and reduce complexity to deliver a world-class cost structure and profit margins,” spokesman Jay Cooney told The Detroit News. [...]