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This morning’s key headlines from GenerationalDynamics.com: China warns Australia not to side with America in case of war China warns Australia not to side with America in case of war Senior Colonel Liu Mingfu of China’s National Defence University has raised the specter of a nuclear war, and warned Australia not to side [...] The saga of Liu Han—a Sichuan mining billionaire who has gone missing, leaving a trail of uncompleted global financing deals in his wake—illustrates the extreme risks of doing business with Chinese tycoons who may suddenly find themselves out of favor with Beijing.
International commodities companies who had partnered with Liu are scrambling to find out what on earth has happened to him, amid reports by state-owned media that he was detained for protecting his brother [...] BEIJING: A Chinese military officer has raised the spectre of nuclear weapons and warned Australia not to side with the United States and Japan as a territorial dispute in the East China Sea continues to escalate. America is the global tiger and Japan is Asia’s wolf, and both are now madly biting China. Colonel Liu Mingfu Senior Colonel Liu Mingfu, of the National Defence University, blamed America’s ‘‘orchestration’’ and Japan’s ‘‘militarism’’ for rising tensions [...] Bloomberg TV’s Betty Liu traveled to Willcox, AZ (population 4,000), for a one-on-one with Howard Buffett–Warren’s son–as he prepares to step in for his father as the non-executive chairman of Berkshire Hathaway
Howard, who is on four boards including Berkshire and Coca-Cola, contemplates his future, saying that he’s “been preparing all my life. I’ve always had this great opportunity to observe my Dad and watch his behavior and watch his interactions [...] PIMCO’s Bill Gross told Bloomberg Television’s Betty Liu on “In the Loop” today that the Federal Reserve’s latest round of monetary stimulus will enable Treasury to issue debt for no cost. Gross said, “what really happens, and this is critically important, is that the Treasury issues bonds and the Fed buys them and then it remits interest to the Treasury…It basically means that the Treasury is issuing debt for free…Inflation is [...] Farmer Liu Qiyuan has built seven pods consisting of a fibreglass shell around a steel frame
With just ten days to go before the Mayan apocalypse supposedly spells the end of the [...] CINCINNATI, Ohio (CBS Cleveland) – Married couples tend to live longer and adapt better to health setbacks than their single counterparts. The number of Americans who live together without being married continues to rise — from 400,000 in 1960 to 7.6 million in 2011, according to Census data. However, new research indicates that married people live longer than those that cohabit. Researchers Hui Liu of Michigan State University and Corinne Reczek at the [...] Sept. 26 — Former FDIC Chairman Sheila Bair talks with Bloomberg’s Betty Liu about her frustration with U.S. Treasury Secretary Timothy Geithner.
“Citigroup and Merrill Lynch were both clearly insolvent.” Here’s what we’ve learned so far from Bair’s book: Bair wanted Volcker for Treasury Secretary.
dailybail Bloomberg Rep. Ron Paul, R-Texas, speaks with Bloomberg’s Betty Liu about Mitt Romney’s convention speech last night. They speak on Bloomberg Television’s “In The Loop.” Bill Gross, co-CIO of PIMCO, appeared on Bloomberg TV’s “In the Loop” with Betty Liu and said that Mario Draghi disappointed investors by not offering concrete policy steps: “we were hoping for, at least temporarily, some type of specific effort on the part of the central banks.”
Gross also responded to Jeremy Siegel’s comments on Bloomberg TV earlier today that Gross doesn’t know economics by suggesting that he “hasn’t even read [...] Stephen Roach, former non-executive chairman of Morgan Stanley in Asia, appeared on Bloomberg TV’s “In the Loop” with Betty Liu this morning, saying that he “absolutely” sees more Fed stimulus next week and that “they have no choice…the markets are setting themselves up and discounting the next QE2. They will not disappoint the markets.”
Roach went on the say that “Jon Hilzenrath [of the Wall Street Journal] is actually the chairman [...] Warren Buffett co-hosted Bloomberg TV’s “In the Loop” with Betty Liu this morning, where he discussed the U.S. economy, JPMorgan, Wells Fargo, Bank of America and other Berkshire Hathaway holdings. On JPMorgan, Buffett said, “I’ve had enough mistakes of my own that I’m very forgiving when something like that happens” and advice to Jamie Dimon is to “keep your head down.” Buffett said that Wells Fargo has “a sensational mortgage operation.”
Buffett went [...] China joined Russia on Thursday in boycotting a meeting aimed at coordinating efforts to stop the bloodshed in Syria, where three senior army officers were among more than 150 people reported killed in 48 hours. Moscow confirmed that some Western countries had asked it to offer Syrian President Bashar al-Assad a haven in exile, saying it had dismissed the idea as a “joke.” In Beijing, foreign ministry spokesman Liu Weimin said China would not attend the so-called “Friends of Syria” [...] Marc Faber, publisher of the Gloom, Boom and Doom Report, spoke with Bloomberg Television’s Betty Liu this morning and said that, “If I were running Germany, I would have abandoned the eurozone last week.” Faber went on to say, “In the case of Greece, one should have kicked out Greece three years ago. It would have been much cheaper.”
BLOOMBERG TELEVISION
Faber on the eurozone crisis:
“If you put one or 100 sick banks [...]
China Tells US What It Can Do With Its Iran Oil Sanctions
While the US magnanimously decided to exempt several nations from U.S. sanctions on Iranian oil imports, it appears the Chinese government has indicated it has no plans to change its position on oil purchases from Iran. As Voice of America reports, China’s FinMin spokesman Liu Weimin said the purchases are necessary, because of its economic development, describing their ‘purchase channels’ as [...] It is a condition which has resulted in little Liu Jiangli going through more trauma in her six years than most people do in a lifetime. The schoolgirl was born with a coating of coarse black fur on her face and across more than 60 per cent of her body. But if that was not bad enough, worse was to follow. Picture: http://i.dailymail.co.uk/i/pix/2012/06/10/article-2157113-13825330000005DC-202_634x1000.jpg Because of her rare condition – which effects just one in a [...] From FT:
At the Tiger Lane Bridge recruitment centre in Beijing, a handful of men scan a board plastered with job ads. Waiters, cooks, teachers, security guards, welders, telephone operators and drivers are all in demand. But the job seekers, – who are outnumbered roughly ten-to-one by the positions advertised – are in no great rush.
“Actually, I’ve got a job already. I just come here every now and again to see if [...] Liu Zhijun, the former Railways Minister in China and once one of the country’s most important men, has been ousted from the Communist Party of China (CPC) after being found guilty of corruption, official paper People’s Daily reports.
While the removal of Liu has long been expected (he was removed from his government post in October and has been unavailable for comment since, WSJ reports), its likely to come under increased scrutiny [...] HONG KONG (AP) — Over the past two years Wang Wei and her husband Liu Yiqian dropped a reported $317 million on their hobby. Now they need somewhere to display the collection they’ve amassed. The solution: a private art museum that Wang hopes will impart some class to China’s flashy nouveau riche.
Wang and billionaire investor Liu are part of a new generation of wealthy Asians that is better known for splashing [...] SHREWSBURY (CBS) — A Shrewsbury man has been charged with murder in the gruesome killing of his wife. Prosecutors say he also ate part of her arm. WBZ NewsRadio 1030?s Mark Katic reports
Seventy-nine-year-old Jieming Liu was arraigned Friday afternoon in Westboro District Court, a day after his wife, Yuee Zhou, 73, was found dead in their home. Investigators said the couple’s son went to visit his parents at their condominium Thursday afternoon and found [...] At the Chinese Foreign Ministry’s regular press conference last week, spokesperson Liu Weimin’s revealed that Chinese Premier Wen Jiabao was awarded ”the Best Friend of American Worker” by the US International Longshoremen’s Association. The Chinese ambassador to the United States reportedly received the award on his behalf. Liu explained: It is learned that this year marks the 10th anniversary of the cooperation between China Cosco Group and the US port of Boston. The past [...] AP/Washington Post BEIJING — China, the world’s second-largest economy, said Thursday the next World Bank president should be selected on merit, going against a tradition that dictates the bank’s head is an American. World Bank President Robert Zoellick said Wednesday he will step down on June 30 at the end of a five-year term, during which he led the bank’s response to the global financial crisis. Foreign Minister spokesman Liu Weimin [...] BLOOMBERG EXCLUSIVE: Warren Buffett and Rep. Scott Rigell (R-VA) spoke with Bloomberg Television’s Betty Liu in Omaha, NE during their first in-person meeting following Rigell’s pledge to give 15% of his salary to help pay down the national debt.
Buffett said he would donate 15% of his income if 10% of Congress would, but that donations are ultimately insufficient and “what is effective is changing the law.”
Buffett also blames Congress for [...] Dec. 29 (Bloomberg) — Gold is poised to complete its 11th consecutive annual gain, the longest winning streak in at least nine decades, on the brink of a bear market. George Soros, the billionaire who two years ago called it the “ultimate asset bubble,” cut 99 percent of his holdings in the first quarter, Securities and Exchange Commission data show. Betty Liu reports on Bloomberg Television’s “In the Loop.” (Source: [...] John Taylor, founder of currency hedge fund FX Concepts, spoke with Bloomberg Television’s Betty Liu and Dominic Chu this morning and said that the euro is in a “death struggle” as European policy makers seek to salvage the currency amid the region’s crisis. Taylor also said that the outlook for the euro surviving in its present form is “bleak.” BLOOMBERG TELEVISION Taylor on the outlook for the euro: “It is absolutely incredible. It’s a [...] Jim Chanos, founder of hedge fund Kynikos Associates Ltd., talks about China’s banking system and outlook for the nation’s economy and real estate market. Chanos speaks with Betty Liu on Bloomberg Television’s “In the Loop.” (This is an excerpt of the full interview. Source: Bloomberg) BEIJING (AP) — China’s foreign ministry said Monday the Occupy Wall Street movement highlights issues that are worth considering, but that debates generated by the protests should promote global economic growth. The movement began a month ago in Manhattan’s Zuccotti Park with loosely organized protests against what demonstrators consider unbridled corporate greed. It has swelled to include demonstrations on Saturday elsewhere [...] NOW: Tune into Bloomberg Television for special live coverage of the passing of 56-year old Steve Jobs, who built the world’s most valuable technology company by creating the devices that changed how people use electronics and revolutionized the computer, music and mobile phone industries.
Bloomberg Television’s Erik Schatzker and Betty Liu will anchor live coverage from Bloomberg’s headquarters in New York, with Bloomberg editor-at-large Cory Johnson and anchor Emily Chang in [...] Good afternoon, Warren Buffett spoke with Bloomberg Television’s Betty Liu this morning about his proposed tax on the ultra-rich, the economy and jobs creation. Buffett said that the tax on the ultra-wealthy may “raise as much as $20 billion per year” and that if there were a group that would agree to write a check to the government, he “will join them.” BLOOMBERG TELEVISION: Buffett on stepping out to advocate the tax rule for [...] |
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Marc Faber: markets will crash like in 1987 if stocks rally without QE3
Marc Faber, publisher of the Gloom, Boom & Doom report, spoke with Bloomberg TV’s Betty Liu and said that, “I think the market will have difficulties to move up strongly unless we have a massive QE3 and if it moves and makes the high above 1422, the second half of the year could witness a crash, like in 1987.”
Faber went on to say that, “I do not have a high [...]