by Phoenix Capital Research
While the cost of living has become a problem for some in the US (courtesy of the Fed’s inflationary policies) it’s become a real nightmare for many in the emerging markets where as much as 50% of income is spent by consumers on food.
As a result, we’re beginning to see more and more workers demanding pay raises.
Farmworkers demanding higher wages in South Africa’s biggest table grape-growing region resumed [...]
Since returning from a trip to southeast Asia on Nov. 21, President Obama has managed to play three rounds of golf but has met face-to-face only once with Speaker John A. Boehner, the man with whom he is trying to strike a deal on taxes and spending that could prevent another recession.
With the deadline for going over the “fiscal cliff” less than three weeks away, the president’s schedule this week is exceptionally light. [...]
BANGKOK, Thailand - Taking a break from deficit negotiations for a whirlwind tour of southeast Asia, President Obama joked this afternoon as he toured a sacred Buddhist temple that he could use some prayer to help reach a budget deal.
“We’re working on this budget, we’re going to need a lot of prayer for that,” the president told a monk at the Wat Pho Royal Monastery.
The president later explained the quip [...]
Chun Han Wong
Wall Street Journal
November 16, 2012
U.S. Defense Secretary Leon Panetta said the U.S. will increase its military cooperation with Southeast Asian nations, part of what he called a long-term shift of the American security presence in the Asia-Pacific, where China has stepped up its military assertiveness.
Mr. Panetta spoke Friday in Cambodia at a briefing for reporters following discussions with his counterparts from the 10-member Association of Southeast Asian Nations, [...]
WASHINGTON — President Obama yesterday announced he’s jetting off on a victory lap around Southeast Asia, despite a new government report warning the Jan. 1 fiscal cliff will plunge the US into a recession and drive the unemployment rate up to 9.1 percent.
Obama and Congress have just 52 days to reach a deal to avoid sailing off that precipice, when a devastating double whammy of tax hikes and budget cuts [...]
Most Americans are eating significant amounts of feces on a regular basis without even realizing it. You might not mind this, but most people out there would not willingly eat feces if they could avoid it. Not only is it disgusting, but feces is also a breeding ground for all kinds of dangerous diseases. Unfortunately, as a result of the never ending quest to cut prices even lower more [...]
BANGKOK, Aug. 25 (Xinhua) – China’s currency could be eventually used as an alternative to the U.S. dollar and Euro by southeast Asian countries, experts said.
Phathanaphong Phusuwan, a senior official of the Bank of Thailand, said in a seminar on Thai-Chinese trade, investment and finance relations on Saturday that the yuan would likely be used more between China and ASEAN member states in the long run.
“In the long run from 2015 [...]
Joe Wolverton, II
The New American
Sunday, July 15, 2012
FLASHBACK: Congress Paves Way for Unmanned Drones in U.S. Commercial Airspace
President Obama’s drone fever is contagious and is spreading worldwide, and the American industries that build the drones are slavering over the chance to supply the demand.
Christopher Ames, the director of international strategy development for Pentagon contractor General Atomics Aeronautical, was almost gleeful in his statement to Reutersregarding the opening of a potentially lucrative [...]
The World Bank recently released their semi-annual “Global Economic Prospects” report. Contained in the report is the institution’s up-to-date growth forecasts.
We pulled the 29 countries with the highest growth over the next two years based on World Bank’s 2013 and 2014 growth estimates.
A caveat – many of the countries shown here are “frontier markets,” starting from low absolute levels of GDP to begin with.
16 of these countries are in Africa, 7 are in Southeast [...]
Early last month, Tausug villagers on the Southern Philippine island of Jolo heard a buzzing sound not heard before. It is a sound familiar to the people of Waziristan who live along Pakistan’s border with Afghanistan, where the United States fights the Taliban. It was the dreaded drone, which arrives from distant and unknown destinations to cause death and destruction. Within minutes, 15 people lay dead and a community plunged [...]
Bundesbank Confirms German Gold Held By FED, BOE and Banque De France
Gold’s London AM fix this morning was USD 1,559.00, EUR 1,213.61 and GBP 969.95 per ounce.
Yesterday’s AM fix was USD 1,563.00, EUR 1,213.79 and GBP 972.62 per ounce.
Gold fell $22.70 to close at $1,558.60/oz in New York yesterday. Gold edged up in early Asian trading to $1,560/oz prior to renewed selling that saw the price fall and gold briefly [...]
Asians are the fastest growing race group in the United States, reflecting a surge in immigration from the entire region over a decade, the US Census Bureau said Wednesday.
As part of an ongoing analysis of the data it reaped from its 2010 census, the federal agency said those who identified themselves as Asian alone, and not mixed race, grew by 43.3 percent from a decade earlier.
That was more than four times faster than the rate [...]
Thanks ScubaRoo for “The Global Risks You Need To Freak Out About In 2012″. I found these two articles linking from it quite interesting:
The 25 Countries That Will Be Screwed By A World Food Crisis
12 Places To Go If The World Goes To Hell
Neither Japan nor Canada is in either category, well minus Yukon, but no one considers Yukon a part of Canada
All you really need to know is [...]
Good news and bad news: Analyst and businessmen Dr. Marc Faber says World War III is near. The good news: He said the same thing last year.
By Tzvi Ben Gedalyahu
First Publish: 1/16/2012, 3:52 PM
Dr. Marc Faber
Israel news photo: Marc Faber website
Dr. Marc Faber, an investor analyst and entrepreneur known as “Dr. Doom” for obvious reasons, predicted this week that World War III will occur in the next five years. His stated [...]
Barton Biggs, founder of Traxis Partners, spoke to Bloomberg TV’s Betty Liu and said he’s still bullish on stocks. Biggs said that “I’m biased on the long side” and that “U.S. big-capitalization, U.S. stocks and Asian stocks are the best houses in a fairly tough, bad neighborhood.”
- Bloomberg Television
Biggs on his current position:
“I am not completely neutral. I am biased toward the long side because I think that U.S. big-capitalization, [...]
October 26, 2011
Cars that were contaminated by radiation during the March nuclear meltdown in Japan are finding their way into the reeling nation’s used car market.
Vehicles from the area around the Fukushima Daiichi nuclear plant, which suffered a series of meltdowns after the earthquake and tsunami of March 11, were supposed to be destroyed. But unscrupulous dealers have registered them under new license plates and sold them, The [...]
Yes, US/NATO militaries put theirs to shame. No argument there.
But if you want to compare militaries, you need to compare China’s to everyone else’s in Central Asia and Southeast Asia. Tibet sure wasn’t impressed with Western military resistance to Chinese expansion.
Chinese military expansion is coming, one way or another. (And I mean geographic expansion). And the West will have little to do with it.
Western militaries [...]
11 May 2011, Rome – Roughly one third of the food produced in the world for human consumption every year — approximately 1.3 billion tonnes — gets lost or wasted, according to an FAO-commissioned study.
The document, Global Food Losses and Food Waste, was commissioned by FAO from the Swedish Institute for Food and Biotechnology (SIK) for Save Food!, an international congress being held in Düsseldorf 16-17 May at the trade fair of the international [...]
“Noam Chomsky made a connection with an unlikely radical in his speech at the Orpheum Theatre last night: Joseph Stack, the 53-year-old software engineer who flew a plane into an IRS building in Texas in February.
“After quoting Stackâ€™s manifesto, Chomsky said Stack was â€œbasically rightâ€ in his critique of the American system of politics and capitalism.
“But, Chomsky, the firebrand liberal who spent most of his life critiquing and attacking US [...]