Re: CCTV. World Wide Watch
Dec 8th. 2008 Part 1: http://www.youtube.com/watch?v=f5SWEpNkjb4 Part 2: http://www.youtube.com/watch?v=TJu7VIxGQMI On Dec 7, 6:22 am, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: Dec. 7th. 2008 Part. 1:http://www.youtube.com/watch?v=6zRrS1NsLYA Part. 2:http://www.youtube.com/watch?v=DrinOT139rk --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: Perp
Good to know that this person is not on board. Peace and best wishes. Xi On Dec 7, 9:09 am, Mercury.Sailor [EMAIL PROTECTED] wrote: - From: Perplexed92 - To: Sailor.Girrl - 32 of 59 - Dec-6 Nah, my brother wasn't like your dad. And I don't have perpes whatever that is, nor do I have those nasty crusty sores from h er pes that you apparently got from your dad. Again, why didn't you just have an abortion or shoot him rather than take out your mental illness on strangers your entire life? - From: Perplexed92 - To: Sailor.Girrl - 27 of 59 - Dec-6 Must really blow to be you, mercury. What a sad, pathetic person you are. You really should talk to someone about that guilt for causing your son's mental re ta rdation instead of taking it out on strangers. Seriously. - From: Perplexed92 - To: Sailor.Girrl - 29 of 59 - Dec-6 Thanks for that; I just posted it on the other board so everyone can see after your posts are wiped clean from this one. I guess it makes sense to you to make up lies about others so you don't simply drown in your guilt about your son, huh? - From: Perplexed92 - To: Sailor.Girrl - 30 of 59 - Dec-6 The other person thats been on my leg all night comes from a crazy family as well ,her father raped her and she needed an abortion, --- Is THAT why your son is re ta rded? Your dad raped you? Here I thought it was because you had him vaccinated. Why didn't you have an abortion instead of spending 30 years blaming others for your guilt? - From: Perplexed92 - To: Sailor.Girrl - 32 of 59 - Dec-6 Nah, my brother wasn't like your dad. And I don't have perpes whatever that is, nor do I have those nasty crusty sores from h er pes that you apparently got from your dad. Again, why didn't you just have an abortion or shoot him rather than take out your mental illness on strangers your entire life? - From: Perplexed92 - To: Sailor.Girrl - 32 of 59 - Dec-6 Nah, my brother wasn't like your dad. And I don't have perpes whatever that is, nor do I have those nasty crusty sores from h er pes that you apparently got from your dad. - From: Perplexed92 - To: Sailor.Girrl - 34 of 59 - Dec-6 Did your bucked teeth come from your dad making you blow him while your teeth were still developing? I'd have shot him in his sleep if I were you. No child should have to live with that kind of abuse. My God...look what it's done to you. Again, why didn't you just have an abortion or shoot him rather than take out your mental illness on strangers your entire life? --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: Perp
Yes, Justice probably banned her and removed those messages. I did not read such crap, fortunately. Of course, that sort of messages are not allowed here. Thank you very much. Peace and best wishes. Xi On Dec 7, 10:40 am, Mercury.Sailor [EMAIL PROTECTED] wrote: Justice would have banned her on day one. And you, would NEVER allow someone like her to post here to begin with, Thanks! On Dec 7, 4:13 am, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: Good to know that this person is not on board. Peace and best wishes. Xi On Dec 7, 9:09 am, Mercury.Sailor [EMAIL PROTECTED] wrote: - From: Perplexed92 - To: Sailor.Girrl - 32 of 59 - Dec-6 Nah, my brother wasn't like your dad. And I don't have perpes whatever that is, nor do I have those nasty crusty sores from h er pes that you apparently got from your dad. Again, why didn't you just have an abortion or shoot him rather than take out your mental illness on strangers your entire life? - From: Perplexed92 - To: Sailor.Girrl - 27 of 59 - Dec-6 Must really blow to be you, mercury. What a sad, pathetic person you are. You really should talk to someone about that guilt for causing your son's mental re ta rdation instead of taking it out on strangers. Seriously. - From: Perplexed92 - To: Sailor.Girrl - 29 of 59 - Dec-6 Thanks for that; I just posted it on the other board so everyone can see after your posts are wiped clean from this one. I guess it makes sense to you to make up lies about others so you don't simply drown in your guilt about your son, huh? - From: Perplexed92 - To: Sailor.Girrl - 30 of 59 - Dec-6 The other person thats been on my leg all night comes from a crazy family as well ,her father raped her and she needed an abortion, --- Is THAT why your son is re ta rded? Your dad raped you? Here I thought it was because you had him vaccinated. Why didn't you have an abortion instead of spending 30 years blaming others for your guilt? - From: Perplexed92 - To: Sailor.Girrl - 32 of 59 - Dec-6 Nah, my brother wasn't like your dad. And I don't have perpes whatever that is, nor do I have those nasty crusty sores from h er pes that you apparently got from your dad. Again, why didn't you just have an abortion or shoot him rather than take out your mental illness on strangers your entire life? - From: Perplexed92 - To: Sailor.Girrl - 32 of 59 - Dec-6 Nah, my brother wasn't like your dad. And I don't have perpes whatever that is, nor do I have those nasty crusty sores from h er pes that you apparently got from your dad. - From: Perplexed92 - To: Sailor.Girrl - 34 of 59 - Dec-6 Did your bucked teeth come from your dad making you blow him while your teeth were still developing? I'd have shot him in his sleep if I were you. No child should have to live with that kind of abuse. My God...look what it's done to you. Again, why didn't you just have an abortion or shoot him rather than take out your mental illness on strangers your entire life?- Hide quoted text - - Show quoted text - --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: Mumbai attacks fail to fuel vengeance
Do not worry. Verbally attack is attack yet. Share it in the group if you want or not, it is up to you. If I can be of any help just tell me. I think that I speak as anyone else in this group, we all are picked carefully although we can make mistakes that we fix as soon as we see it. Peace and best wishes. Xi On Dec 7, 10:41 am, Mercury.Sailor [EMAIL PROTECTED] wrote: Im sorry Xi for posting this here. But I had to. Verbally attack, Not physically. On Dec 7, 4:15 am, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: Of course, but who has attacked your child? Peace and best wishes. Xi On Dec 7, 7:37 am, Mercury.Sailor [EMAIL PROTECTED] wrote: I have NO Patience when it comes to scum that have attacked my disabled child. sorry. On Dec 7, 12:30 am, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: CCTV Insight. Beyond Mumbai attack. http://www.youtube.com/watch?v=8DXJYmSQpks Peace and best wishes. Xi On Dec 4, 3:00 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: http://www.youtube.com/watch?v=GWzPgMJf0Ak Peace and best wishes. Xi- Hide quoted text - - Show quoted text -- Hide quoted text - - Show quoted text - --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: Mumbai attacks fail to fuel vengeance
No need to apologize, you did not do anything wrong. But, anyway, thank you very much for your gift !!! It is really nice :) (Mercury) Peace and best wishes. Xi On Dec 7, 7:55 pm, Mercury.Sailor [EMAIL PROTECTED] wrote: I removed my post from the other link, I apologize for posting filth on your board. Please accept my sincerest apology. http://icanhascheezburger.files.wordpress.com/2007/01/i-sorry.jpg On Dec 7, 6:12 am, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: Do not worry. Verbally attack is attack yet. Share it in the group if you want or not, it is up to you. If I can be of any help just tell me. I think that I speak as anyone else in this group, we all are picked carefully although we can make mistakes that we fix as soon as we see it. Peace and best wishes. Xi On Dec 7, 10:41 am, Mercury.Sailor [EMAIL PROTECTED] wrote: Im sorry Xi for posting this here. But I had to. Verbally attack, Not physically. On Dec 7, 4:15 am, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: Of course, but who has attacked your child? Peace and best wishes. Xi On Dec 7, 7:37 am, Mercury.Sailor [EMAIL PROTECTED] wrote: I have NO Patience when it comes to scum that have attacked my disabled child. sorry. On Dec 7, 12:30 am, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: CCTV Insight. Beyond Mumbai attack. http://www.youtube.com/watch?v=8DXJYmSQpks Peace and best wishes. Xi On Dec 4, 3:00 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: http://www.youtube.com/watch?v=GWzPgMJf0Ak Peace and best wishes. Xi- Hide quoted text - - Show quoted text -- Hide quoted text - - Show quoted text -- Hide quoted text - - Show quoted text - --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: Mumbai attacks fail to fuel vengeance
CCTV Insight. Beyond Mumbai attack. http://www.youtube.com/watch?v=8DXJYmSQpks Peace and best wishes. Xi On Dec 4, 3:00 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: http://www.youtube.com/watch?v=GWzPgMJf0Ak Peace and best wishes. Xi --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: The Rebirth of Keynes, and the Debate to Come (Robert Reich)
Where are the journalists? They don't go to speak with these companies either? Is there a reason? Excellent questions. :) Peace and best wishes. Xi On Dec 4, 5:23 pm, Justice [EMAIL PROTECTED] wrote: Yep I agree. Only for all my money I want an ownership stake. The non-voting rights we are given is like handing a starving person some mud and telling them to eat hardy (oh, I forgot that's exactly what the world is doing with Haiti, Darfur, Congo, etc.). Well -- we're going to have struggles on our hands. Shelby has already said he will fight the auto bailout tooth and nail. You see he has companies in Alabama that he feels will be the receipients of such good fortune if these companies are allowed to die. (Wonder if he's checked with management at Toyota and Honda to see if they feel the same way, or is he such an ideologue that he can imagine what their responses would be. Where are the journalists? They don't go to speak with these companies either? Is there a reason? Yuck -- I'm too disappointed that we have not yet come together to fight these problems together, and that republicans will once again be the fly in the honey jar. On Dec 4, 9:07 am, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: A Bottom-Up Bailout Rather Than Trickle-Down http://robertreich.blogspot.com/2008/11/bottom-up-bailout-rather-than... Hank Paulson has just about burned through $300 billion, and it's not clear what the public has got out of it. Perhaps things would be worse without the bailout but they're certainly no better. Wall Street banks have not significantly stepped up their loans to small businesses, college students, car buyers, or distressed homeowners. Much of the auto industry is on the verge of bankruptcy. And the rate of foreclosures is rising. What happened to all the money? About a third has gone into dividends the banks are paying their shareholders. Some of the rest into executive salaries and bonuses. Another portion toward acquisitions designed to raise share values. Another chunk for bailing out giant insurer, AIG. That's not what taxpayers bargained for. Paulson originally told Congress he'd use the money to buy mortgage-backed securities that were clogging the financial system. He'd create a market for them by holding a kind of reverse auction, buying them from the banks at the lowest prices they'd be willing to sell them for. But Paulson has abandoned that strategy and is now just handing the money directly to the big banks, and AIG -- all of which are using the money for their own purposes. It's the worst type of trickle-down economics. Taxpayers are sending the money upward, and almost none of it is trickling back down. The lame-duck Congress should amend the so-called Troubled Asset Relief Program to prohibit banks that are receiving the money from paying dividends, executive bonuses or deferred compensation, or doing acquisitions. And Congress should save the rest of the $700 billion program for a new administration that will put it to better uses. For example, as FDIC Chair Sheila Bair has suggested, use the money to guarantee payment of mortgages whose terms are eased by lenders. Use it also to restructure automobile companies whose creditors, executives, shareholders, and workers agree to put up money as well. Use it to guarantee loans made to credit-worthy small businesses, college students, car buyers, and others who at this moment cannot get credit -- and who therefore cannot keep this economy moving forward. In other words, use it for a bottom-up bailout, rather than trickle down. Peace and best wishes. Xi On Dec 4, 3:04 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: My comments: I do not want to emphasize my differences with his approach basically because they are minor compared with the whole approach, that I agree, of course. http://robertreich.blogspot.com/2008/11/rebirth-of-keynes-and-debate-... The economy has just about come to a standstill – not so much because credit markets are clogged as because there’s not enough demand in the economy to keep it going. Consumer spending has fallen off a cliff. Investment is drying up. And exports are dropping because the recession has now spread around the world. So are we about to return to Keynesianism? Hopefully. Government is the spender of last resort, which means the new Obama administration should probably be considering a stimulus package in the range of $600 billion, roughly 4 percent of national product -- focused on building and repairing the nation’s crumbling infrastructure, providing help to states to maintain services, and investing in new green technologies in order to wean the nation off oil. But between now and late January, when the stimulus package will be voted on, we're likely to be treated to a great debate over the wisdom of Keynesianism
Re: 5th Round of China-U.S. Strategic Economic Dialogue
Chinese President Hu hails fruitful SED dialogue 2008-12-05 18:23:57 China, U.S. agree to further cooperate on energy, environment China says SED insightful, productive 2008-12-05 20:03:43 Official: China, U.S. should carry on SED mechanism 2008-12-05 19:34:07 Finance ministry: China's foreign exchange investment bases on profitability, liquidity, security China, U.S. end high-profile economic dialogue with important consensus 2008-12-05 11:02:59 China expresses bilateral trade concerns to U.S. 2008-12-05 00:08:39 Links inside main page: http://news.xinhuanet.com/english/2008-12/03/content_10451094.htm Peace and best wishes. Xi On Dec 4, 2:56 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: My comment: This is probably the less relevant of all meetings in the last years. US administration is changing and the new one did not engage this meeting, therefore its scope is merely technical. Also, the new US administrations has not unveiled whether it wants to continue these meetings or will break it. It means that, even if they decide to continue them, this meeting cannot prepare further agreements and cooperation will have a break that make take some months (in case they continue) or years, if new US administration freeze high level cooperation with China. In any case, these meeting have been great steps forward not just for USA and China but also for the world. http://news.xinhuanet.com/english/2008-12/03/content_10451094.htm Top news China: jointly coping with financial crisis a common task of China, U.S BEIJING, Dec. 4 (Xinhua) -- The most pressing issue we have to deal with is coping with global financial turmoil, Chinese Vice Premier Wang Qishan said here Thursday when addressing the opening ceremony of the fifth Sino-U.S. Strategic Economic Dialogue (SED). China, U.S. agree to further cooperate on energy, environment BEIJING, Dec. 4 (Xinhua) -- A senior Chinese official said hereon Thursday that China and the United States have reached consensus in five major areas to step up energy and environmental protection cooperation during the on-going fifth round of the Strategic Economic Dialogue (SED). China urges progress in investment protection pact with U.S. BEIJING, Dec. 4 (Xinhua) -- China hopes to join with the United States to actively promote negotiation for a bilateral investment protection accord, said Chinese Vice Premier Wang Qishan here Thursday. Vice Premier: China, U.S. should cooperate on energy, environment and food safety BEIJING, Dec. 4 (Xinhua) -- China and the United States should further cooperate on energy, environment, as well as the safety of products, food and drugs, said Vice Premier Wang Qishan here on Thursday. More stories China, U.S. start strategic economic dialogue amid financial crisis U.S. Agriculture Secretary very confident of food safety in China China, U.S. to hold 5th SED at critical timing Holding high hopes for Sino-U.S. joint solutions China side Chinese economists say yuan depreciation normal, but not long-term trend China, U.S. should cooperate on energy, environment,food safety China urges progress in investment protection pact with U.S. Vice premier: Effective mechanism has strengthened ties FM: China hopes for successful economic dialogue with U.S. China eyes more strategic dialogue with U.S. under new president U.S. side U.S. Agriculture Secretary very confident of food safety in China Paulson says engagement with China yields results Sullivan: SED importance stressed in presidential transition (links to each topic inside main link) Peace and best wishes. Xi --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: U.S. ‘Black Friday’ Sales Rise 3%, ShopperTrak Says
Yes, it is a great idea. The current low price of oil will not last forever. The true price that oil produces need to make profits is closer to $150 or $200 than to $50, including intermediation and risk fees. Also, the flip-flops of US dollars into international markets that has stopped international trade will not last forever, bsides the new global financial architecture that is beeng designed around the IMF, countries are finding new mechanisms to work around those troubles and to prevent them in the future. The agreement reached last week between Venezuela and Russia to use their own national currencies for bilateral trade is just another example. The trend of energy -and most commodities- is to rise its price, although temporarily (even during one or two years) it may remain flat or falling. Depending on how global demand behaves. Peace and best wishes. Xi On Dec 4, 10:05 pm, Mercury.Sailor [EMAIL PROTECTED] wrote: It seems that Obama plans to do something related to weatherize (is this word correct?) Well it depends on who you ask, If you ask me, I say it looks like a good enough word. Who says we have to use certain words, I mean who makes up these damn rules anyways? My dad drove me crazy when I was a kid, Dont use that word, I must have heard it a million times, I told him, why not? :o) Just because some man says its not proper? Who the hell is he? hehehe I think its a great idea to weatherize your home. Especially those who live in newer homes, They are insulated so poorly. On Dec 4, 10:38 am, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: LOL I read something that might change my advise. It seems that Obama plans to do something related to weatherize (is this word correct?) homes to save energy. Maybe he plans to subsidiase those investments, I do not know yet. Then, my advise would not be to weatherise homes (isolate them from heat and cold outside) but to save money and weatherise them once we know his plan, we could save some money if he subsidiase it. In my opinion, that would be a great plan, of course. Peace and best wishes and enjoy your shopping :) Xi On Dec 4, 4:27 pm, Mercury.Sailor [EMAIL PROTECTED] wrote: Hey ! I never said said do not spend any money !!! LOL! Good , because I am not finished with my Christmas shopping! :o) On Dec 2, 9:16 am, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: I am sorry, no good news for 2009. Well, the best feasible news would be same as in 2008 or so so, but it is totally unrealistic. As soon as some people have accurate predictions I will post predictions and comments. Hey ! I never said said do not spend any money !!! :) Yes, of course, save money, as much as you can and invest it on cutting future expenses such as food production, energy, isolation of houses to save energy, etc. Of course, farmland with good water supply. Large or small, all farmland counts. Within next coming weeks, or maybe after Christmas shopping season, we have to pay atention to bubbles. If a bubble appears and is detected it is an opportunity as far as you sell before the bubble burts. Peace and best wishes. Xi On Dec 2, 2:23 am, Mercury.Sailor [EMAIL PROTECTED] wrote: authorities would manipulate most markets to rise price, i.e. stock markets I feel like Americans were hoodwinked last week, when the stock market kept going up everyday. It gave a sense of false security right before the biggest weekend spending spree in America. Than boom, here comes Monday! Do you think its possible thats what they did to get people out into the store this weekend? Starvation will grow, unemployment will grow up to 9% (in my opinion), at the end of the year there will be shortage of basic goods such as food. Thanks for the prediction, I was hoping for good news. Do you have any advice you could share. I know, DONT spend any money. Perhaps I should not buy any more gifts this year. Thank you so much for your help, Xi! You are the bestest! On Dec 1, 10:22 am, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: It is darker than 2008, of course. But there are two different scenarios. And I wish that I could see a third one. 1) US authorities create a bubble. It probably would happen next month or so. As many economists say, US authorities would manipulate most markets to rise price, i.e. stock markets (US authorities would buy stocks), futures (US authorities would buy grain and other products), etc. In this case, it could create a bubble that would last as long as government (taxpayers) can sustain the bubble, even one year. It would not create real wealth, of course, unemployment would rise, homeless would rise, etc. but it could look like things are improving
CCTV. World Wide Watch Dec. 5th. 2008
Part 1: http://www.youtube.com/watch?v=8eTgOyAKbNw Part 2: http://www.youtube.com/watch?v=7Wg--GN69nc Part 3: http://www.youtube.com/watch?v=YCSpDLuHhO8 --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: U.S. Economy: October Consumer Confidence Plunges to Record Low
My comment: I have tried topost as little as posible about US economy because it is just a waterfall of bad news. Unfortunely this one is too bad to pass silently through it. Peace and best wishes. Xi U.S. Economy: Employers Eliminate 533,000 Jobs, Most Since 1974 http://www.bloomberg.com/apps/news?pid=20601087sid=aLgwfpZSD.R0refer=home On Nov 3, 10:09 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: U.S. Economy: Factory Index Declines to 26-Year Lowhttp://www.bloomberg.com/apps/news?pid=newsarchivesid=aCB8T2i79n_8 The Institute for Supply Management's factory index fell to 38.9 from 43.5 in September; 50 is the dividing line between expansion and contraction. On 30 oct, 17:29, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: My comment: The purchasing power falls. U.S. Economy: GDP Shrinks at Fastest Pace Since 2001 (Update2)http://www.bloomberg.com/apps/news?pid=20601087sid=al..RukPocIorefe... On 28 oct, 18:04, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: My comment: I have told several times that, nowadays, this index is extremely important as, in normal circumstances, it predicts social cohesion when its value is very high, and social unrest when its value is very low. Its current value, 38, is extremely low for a normal society. As I told by e-mail to some of you, I thought that it would be slightly above 50. I, and many other economists according to this report, was wrong. Anyway, the expectation that a new president can improve the situation probably will refrain demostrations, riots, etc. as would be the normal consequence of this value. I guess that this short period of relief that US economy is living this month and maybe one or two months ahead, will make this index to rise slightly until the next wave of bad news. Anyway, this index becomes extremely important nowadays and has to be monitored very close in the near future.. Peace and best wishes. Xi http://www.bloomberg.com/apps/news?pid=20601087sid=a08qtJ.tt8ngrefe... Oct. 28 (Bloomberg) -- U.S. consumer confidence fell to the lowest level on record in October as stocks plunged and banks shut off credit, raising the risk spending will collapse. The Conference Board's confidence index tumbled to 38, lower than forecast and the worst reading since monthly records began in 1967, the New York-based research group said today. A separate report showed home values continued to drop in August. Stocks pared gains on the outlook for consumer spending, which accounts for more than two-thirds of the economy. The report strengthened expectations that the Federal Reserve will lower interest rates again after a likely reduction tomorrow. ``It'll be a prolonged recession,'' said Carl Riccadonna, a senior economist at Deutsche Bank Securities Inc. in New York. ``We're looking at a very sharp pullback in consumer spending. As go consumers, so goes the broader economy.'' Whirlpool Corp., the world's largest appliance maker, said today it will cut 5,000 jobs and forecast lower annual profit as the global credit crunch and U.S. housing slump clips appliance sales. Royal Caribbean Cruises Ltd., the world's second-largest cruise operator, forecast profit that trailed some analysts' estimates because of a ``significant deterioration'' in bookings. The confidence report underscored voter discontent with the country's direction heading into the Nov. 4 presidential election. A majority of voters think Illinois Senator Barack Obama, the Democrat, will be better able to handle the economic turmoil than Republican rival John McCain, according to polls. Consumer confidence was projected to drop to 52, according to the median estimate in a Bloomberg News survey of 66 economists. Forecasts ranged from 45 to 56.6. September's reading was revised up to 61.4 from an originally reported 59.8. Heading South ``The economy feels like it is contracting at a rapid pace,'' Lewis Alexander, chief economist at Citigroup Global Markets Inc. in New York, said in a Bloomberg Television interview. ``It's clear that consumers have really been affected by the volatility we've seen in the last six weeks.'' The Standard Poor's 500 index rose 9.4 points, or 1.1 percent, to 858.34 as of 11:50 a.m. in New York, after being up almost 33 points earlier. Treasury securities fell. The 23.4-point drop in confidence this month was the third- biggest on record, trailing two plunges in the early 1970s linked to oil shocks. Measures on current conditions and expectations both declined. Home prices in 20 U.S. metropolitan areas dropped 16.6 percent in August from the same month in 2007, the fastest pace since year-over- year records began in 2001, a report from SP/Case-Shiller today showed. For a fifth consecutive month, all areas registered a decrease in prices from a year
5th Round of China-U.S. Strategic Economic Dialogue
My comment: This is probably the less relevant of all meetings in the last years. US administration is changing and the new one did not engage this meeting, therefore its scope is merely technical. Also, the new US administrations has not unveiled whether it wants to continue these meetings or will break it. It means that, even if they decide to continue them, this meeting cannot prepare further agreements and cooperation will have a break that make take some months (in case they continue) or years, if new US administration freeze high level cooperation with China. In any case, these meeting have been great steps forward not just for USA and China but also for the world. http://news.xinhuanet.com/english/2008-12/03/content_10451094.htm Top news China: jointly coping with financial crisis a common task of China, U.S BEIJING, Dec. 4 (Xinhua) -- The most pressing issue we have to deal with is coping with global financial turmoil, Chinese Vice Premier Wang Qishan said here Thursday when addressing the opening ceremony of the fifth Sino-U.S. Strategic Economic Dialogue (SED). China, U.S. agree to further cooperate on energy, environment BEIJING, Dec. 4 (Xinhua) -- A senior Chinese official said hereon Thursday that China and the United States have reached consensus in five major areas to step up energy and environmental protection cooperation during the on-going fifth round of the Strategic Economic Dialogue (SED). China urges progress in investment protection pact with U.S. BEIJING, Dec. 4 (Xinhua) -- China hopes to join with the United States to actively promote negotiation for a bilateral investment protection accord, said Chinese Vice Premier Wang Qishan here Thursday. Vice Premier: China, U.S. should cooperate on energy, environment and food safety BEIJING, Dec. 4 (Xinhua) -- China and the United States should further cooperate on energy, environment, as well as the safety of products, food and drugs, said Vice Premier Wang Qishan here on Thursday. More stories China, U.S. start strategic economic dialogue amid financial crisis U.S. Agriculture Secretary very confident of food safety in China China, U.S. to hold 5th SED at critical timing Holding high hopes for Sino-U.S. joint solutions China side Chinese economists say yuan depreciation normal, but not long-term trend China, U.S. should cooperate on energy, environment,food safety China urges progress in investment protection pact with U.S. Vice premier: Effective mechanism has strengthened ties FM: China hopes for successful economic dialogue with U.S. China eyes more strategic dialogue with U.S. under new president U.S. side U.S. Agriculture Secretary very confident of food safety in China Paulson says engagement with China yields results Sullivan: SED importance stressed in presidential transition (links to each topic inside main link) Peace and best wishes. Xi --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
The Rebirth of Keynes, and the Debate to Come (Robert Reich)
My comments: I do not want to emphasize my differences with his approach basically because they are minor compared with the whole approach, that I agree, of course. http://robertreich.blogspot.com/2008/11/rebirth-of-keynes-and-debate-to-come.html The economy has just about come to a standstill – not so much because credit markets are clogged as because there’s not enough demand in the economy to keep it going. Consumer spending has fallen off a cliff. Investment is drying up. And exports are dropping because the recession has now spread around the world. So are we about to return to Keynesianism? Hopefully. Government is the spender of last resort, which means the new Obama administration should probably be considering a stimulus package in the range of $600 billion, roughly 4 percent of national product -- focused on building and repairing the nation’s crumbling infrastructure, providing help to states to maintain services, and investing in new green technologies in order to wean the nation off oil. But between now and late January, when the stimulus package will be voted on, we're likely to be treated to a great debate over the wisdom of Keynesianism. Fiscal hawks will claim government is already spending way too much. Even without the stimulus package, next year's budget deficit is likely to be in the range of $1.5 trillion, considering the shrinking economy and what’s being spent bailing out Wall Street. The hawks also worry that post-war baby boomers are only a few years away from retirement, meaning that the costs of Social Security and Medicare will balloon. What the hawks don’t get is what John Maynard Keynes understood: when the economy has as much underutilized capacity as we have now, and are likely to have more of in 2009 and 2010 (in all likelihood, over 8 percent of our workforce unemployed, 13 percent underemployed, millions of houses empty, factories idled, and office space unused), government spending that pushes the economy to fuller capacity will of itself shrink future deficits. Conservative supply-siders, meanwhile, will call for income-tax cuts rather than government spending, claiming that people with more money in their pockets will get the economy moving again more readily than can government. They're wrong, too. Income-tax cuts go mainly to upper- income people, and they tend to save rather than spend. Even if a rebate could be fashioned for the middle class, it wouldn't do much good because, as we saw from the last set of rebate checks, people tend to use extra cash to pay off debts rather than buy goods and services. Besides, individual purchases wouldn't generate nearly as many American jobs as government spending on infrastructure, social services, and green technologies, because so much of we as individuals buy comes from abroad. So the government has to spend big time. The real challenge will be for government to spend it wisely -- avoiding special-interest pleadings and pork projects such as bridges to nowhere. We’ll need a true capital budget that lays out the nation’s priorities rather than the priorities of powerful Washington lobbies. How exactly to achieve this? That's the debate we should be having between now and January 20 or 21st. --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: U.S. ‘Black Friday’ Sales Rise 3%, ShopperTrak Says
LOL I read something that might change my advise. It seems that Obama plans to do something related to weatherize (is this word correct?) homes to save energy. Maybe he plans to subsidiase those investments, I do not know yet. Then, my advise would not be to weatherise homes (isolate them from heat and cold outside) but to save money and weatherise them once we know his plan, we could save some money if he subsidiase it. In my opinion, that would be a great plan, of course. Peace and best wishes and enjoy your shopping :) Xi On Dec 4, 4:27 pm, Mercury.Sailor [EMAIL PROTECTED] wrote: Hey ! I never said said do not spend any money !!! LOL! Good , because I am not finished with my Christmas shopping! :o) On Dec 2, 9:16 am, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: I am sorry, no good news for 2009. Well, the best feasible news would be same as in 2008 or so so, but it is totally unrealistic. As soon as some people have accurate predictions I will post predictions and comments. Hey ! I never said said do not spend any money !!! :) Yes, of course, save money, as much as you can and invest it on cutting future expenses such as food production, energy, isolation of houses to save energy, etc. Of course, farmland with good water supply. Large or small, all farmland counts. Within next coming weeks, or maybe after Christmas shopping season, we have to pay atention to bubbles. If a bubble appears and is detected it is an opportunity as far as you sell before the bubble burts. Peace and best wishes. Xi On Dec 2, 2:23 am, Mercury.Sailor [EMAIL PROTECTED] wrote: authorities would manipulate most markets to rise price, i.e. stock markets I feel like Americans were hoodwinked last week, when the stock market kept going up everyday. It gave a sense of false security right before the biggest weekend spending spree in America. Than boom, here comes Monday! Do you think its possible thats what they did to get people out into the store this weekend? Starvation will grow, unemployment will grow up to 9% (in my opinion), at the end of the year there will be shortage of basic goods such as food. Thanks for the prediction, I was hoping for good news. Do you have any advice you could share. I know, DONT spend any money. Perhaps I should not buy any more gifts this year. Thank you so much for your help, Xi! You are the bestest! On Dec 1, 10:22 am, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: It is darker than 2008, of course. But there are two different scenarios. And I wish that I could see a third one. 1) US authorities create a bubble. It probably would happen next month or so. As many economists say, US authorities would manipulate most markets to rise price, i.e. stock markets (US authorities would buy stocks), futures (US authorities would buy grain and other products), etc. In this case, it could create a bubble that would last as long as government (taxpayers) can sustain the bubble, even one year. It would not create real wealth, of course, unemployment would rise, homeless would rise, etc. but it could look like things are improving. If this manipulated rise of price spreads to other industries, such as housingas they expect, it would rise the price again. This bubble could last all year 2009. 2) Authorities act according to monetarist-alike principles. They do not act on the real economy but only on financials. Starvation will grow, unemployment will grow up to 9% (in my opinion), at the end of the year there will be shortage of basic goods such as food. But there are some politic decissions that I cannot predict: Will the next administration allow foreign sovereign funds to invest in USA taking above 50% of equities? If that happens in 2009, step by step the US economy will stop falling in 2009. Will the next administration balance the Federal budget cutting military expenses? If this and the previous question is yes, US economy could enjoy some good years. 3) In my opinion, the best scenario: Itincludes decissions of the scenario 2. Balanced budget and access to foreign sovereign funds in particular in banking industry. And: US authorities create a huge development plan to create and improve public infrestructure (windmills for power supply, railways, roads, etc.). They promote (directly or through subsidies) cheap houses across the country. US authorities subsidiase current mortgage loans, in particular those related to cheaper houses. In this scenario, 2009 would still be as bad as 2008, but not worse, and 2010 would be better than 2009. But, along next weeks, some economists will make more accurate and elaborated predictions that I will post here. Peace and best wishes. Xi On Nov 30, 11:55 pm, Mercury.Sailor [EMAIL
Re: To involve USA, India and Pakistan in a war? - Eventually Pakistan Nukes India
Why would Pakistan attack India? Its army is smaller, USA is attacking Pakistan already, and obviously USA supports India, Pakistan has lot of domestic problems, as much as India or even more, extreme poverty is almost as high as in India, inequality rate too, etc. And neither Pakistan nor India can defend themselves against an attack of the other. Beside the usual reasons of wars (profits for Halliburton, Boeing, etc.), which could be a serious reason for a war? Peace and best wishes. Xi On Dec 3, 4:27 pm, Morpheal [EMAIL PROTECTED] wrote: It is interesting to see the essential futility of American Secretary of State Rice's visit to India. Growing Islamist pressures upon Pakistan have forced it into a political game of deception in its attempts to appease two opposed sides (the western world including India, and the Islamists). India's polytheist tradition and growth in military power make it a more immediate target as militants attempt to cripple and eliminate obstacles to an Islamic empire in the region. India is in a position of increasing nuclear threat from Pakistan. Should the political situation in Pakistan shift towards a more pro Islamist position, as it will eventually be forced to do, the potential for Pakistan's martyrdom grows immensely more probable as the scenario of Islamist choice. Unfortunately India lacks the requisite technology to defend adequately against the launch of nuclear weapons from Pakistan. It can retaliate but it does not have the ability to defend. Robert Morpheal [EMAIL PROTECTED] wrote: My comment: As we have discussed here, it seems that they are cooking such war against Pakistan. Poor people. Bush Vows Aid to India, Says Terror Not Final Word --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: Traditional dress: qi pao or geongsam
Yes, so true. I am sorry for Vera Wang, for the model, for everybody at the backstage, and for everybody in the organization. It had to be embarrasing. But it is past. Now, for me, it is just funny. And all of them are still great professionals and designers. :) Peace and best wishes. Xi On Nov 30, 1:57 am, CincyBabe [EMAIL PROTECTED] wrote: It's too bad those dresses don't fit! It does not look so hot for a model to have to hike up her strapless gown repeatedly, in order to make sure it continues to stay on her body! I love Vera Wang's designs, but that's just not right. On Nov 29, 12:19 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: LOL mmm that qipao yours must be really cute. Some Vera Wang´s designs. http://www.youtube.com/watch?v=R6KjaYCkGDI Peace and best wishes. Xi On Nov 29, 4:30 pm, Mercury.Sailor [EMAIL PROTECTED] wrote: Vera Wang! Is that you??? :o) I love the long dresses with the slits up the sides, i have a black one with white flowers. On Nov 29, 9:40 am, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: Distinct features of qi pao. http://www.youtube.com/watch?v=WH1oyRizxh8 Some history and other stuff about these cute dresses. Part 1:http://www.youtube.com/watch?v=CWOKhKmSkuQ Part 2:http://www.youtube.com/watch?v=XB2CCzsWAZ8 Part 3:http://www.youtube.com/watch?v=2q3gDDvfp2w And a fashion show at a silk factory. http://www.youtube.com/watch?v=zlaaUnjzZFo I hope you like it. :) Peace and best wishes. Xi- Hide quoted text - - Show quoted text - --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
U.S. ‘Black Friday’ Sales Rise 3%, ShopperTrak Says
this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: Rumsfeld babbles in New York Times
I remember that two or three days before the earthquake, I told you
that the best place for elders to live in China would be Sichuan or a
province in the South. Therefore I will not tell something like that
again.
Laos is a great country, extremely cheap yet. Vietnam too. I think
that Cambodia is a Western democacry, therefore we should expect
politic troubles, I cannot recommend it to anyone. In China, provinces
like Yunan or some areas in Guangxi are great, peaceful and cheap too.
The Hmong, or miao, minority is very traditional and peaceful, there
are lot of children over there as they are not subject to one child
policy. Some years ago, I met a teacher who went over there and he
fell in love to them. I bet they always welcome a good elder who
teaches them about life.
Parents and grandparents give so much and ask so little. Just a few
smiles a year and to share with them our happiness from time to time,
even by email, is enough for them. I hope that I and my hb can exceed
their expectations in few years.
Peace and best wishes.
Xi
On Nov 28, 10:40 pm, Justice [EMAIL PROTECTED] wrote:
What is really pathetic its usually the older folks that buy into all
of the scare tactics,
Its like the older generation can not think for themselves.
=
Don't be hard on us Mercury -- most are afraid of dying, and that's
the sole reason they cling to the old ways, or the conservative ways
or the ways that they are told will make us safe.
Few have accomplished what they set out to do -- they have been
stymied in one way or another, either by their own hand, or by the
circumstances in which they found themselves, or most likely a
combination of the two.
People like what they know -- they are afraid of what they don't
know. Change is not something, even as a society, that we appreciate,
unless the old way is so bad that many are suffering. Obama's
message of change came at the perfect time, when everything else had
failed. And still the vote was close enough.
We don't revere our elderly. We push them aside. This is bad for
society as a whole -- for the children who have nothing to look
forward to in their own old age, and for the elderly who are not
treated with care and distinction. People are not given the chance to
rise to their positions in life, so they stay child-like to the end
with no role models to help them into the later years of learning,
meditation and acceptance.
Our culture is short-sighted and as a result, no one wants to grow
old, they fight against it, don't accept the main responsibility of
old age (they are pitted against the young, fighting over dollars.
Children's health versus Medicare, Medicaid and Social Security) which
is to take care of the young.
There are a combination of reasons why the elderly are so afraid --
the most important reason is that we don't have good ways of dying,
and after all, that's the next big thing to happen to people my age.
Revere your mother and father. It's the one thing each child can do
to help an old person reach their full potential and the final
acceptance of death itself.
On Nov 26, 9:06 pm, Mercury.Sailor [EMAIL PROTECTED] wrote:
I am very astonished how Americans are keeping such crap people continue
to babble around them, as if the facts and events never showed to date
how idiot he/ they is/ are.
Some people are just deaf dumb and blind in America.
The reason I dislike Rumsfeld as much as I do is for evil ways of
making money by using the Bird Flu Scare He made millions selling
his
Tamiflu(The only thing that would help against the Avian flu
(Something you
don't here much about anymore, I wonder why? ARGH! I wish people
in my country would use thier brain and think. What is really pathetic
its usually the older folks that buy into all of the scare tactics,
Its like
the older generation can not think for themselves.
Not only did Rummy make lots and lots of money scaring
innocent Americans into buying a drug, He also is involved in
Monsanto and God knows I would not want anything more in this
world than to see men like him in prison, ForEVER!!
On Nov 24, 10:36 am, Sumerian.. [EMAIL PROTECTED] wrote:
I made some comments initially, but then I siezed to continue. This man
does not worth any respect even in reading what he writes. I am very
astonished how Americans are keeping such crap people continue to babble
around them, as if the facts and events never showed to date how idiot
he/ they is/ are.
S1000+
PS/ Surely NYT pays him. I believe 3 dollars are more than enough for
this article.
p-Ed Contributor | Transitions
One Surge Does Not Fit All
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To involve USA, India and Pakistan in a war?
My comment: As we have discussed here, it seems that they are cooking such war against Pakistan. Poor people. Bush Vows Aid to India, Says Terror Not ‘Final Word http://www.bloomberg.com/apps/news?pid=20601087sid=arkR4ufD7DT8refer=home Nov. 29 (Bloomberg) -- President George W. Bush pledged his administration’s full support to the Indian government after militants attacked Mumbai in the South Asia nation’s deadliest terrorist assault in more than 15 years. “The killers who struck this week are brutal and violent, but terror will not have the final word,” Bush said as he arrived at the White House after spending Thanksgiving at Camp David in Maryland. India “can count on the world’s oldest democracy to stand by their side.” The president conferred with Secretary of State Condoleezza Rice and his national security advisers today in a secure video conference at Camp David for updates on the attacks, White House spokeswoman Dana Perino said in an e-mailed statement. U.S. Ambassador to India David Mulford in New Delhi also participated in the call at 7:30 a.m. Washington time. At least 195 people died in the attacks on the Taj Mahal Palace and Tower and Oberoi-Trident hotels, a Jewish center, a railway station and a restaurant, said S Jadhav, an official at the Mumbai’s disaster management unit. More than 295 people were injured in a 60-hour siege that ended early today, Mumbai time. Six Americans died in the carnage, and an unknown number are missing, Mulford said. India, with 1 billion people, is the world’s largest democracy. “We pledge the full support of the United States as India investigates these attacks, brings the guilty to justice and sustains its democratic way of life,” Bush said in a statement on the South Lawn of the White House. India, U.S. Accord Bush on Oct. 8 enacted a law that lets U.S. companies such as General Electric Co. sell atomic fuel and technology to India’s burgeoning energy sector for the first time in three decades. The U.S.-India Civil Nuclear Cooperation Agreement lifts a ban on supplying fuel to the world’s largest democracy, imposed after India tested an atomic bomb 34 years ago. Throughout the past four days, the president said he’s kept President- elect Barack Obama informed of step-by-step developments and shared information, as U.S. authorities work “to ensure that American citizens in India are safe.” Obama called Indian Prime Minister Manmohan Singh last night to offer condolences. “He told the prime minister that there is one president at a time, but that he would be monitoring the situation closely,” said Nick Shapiro, an Obama spokesman, in an e-mailed statement. Bush said Indians are “resilient” and “strong,” and have built a multiethnic democracy that “can withstand this trial.” Mumbai, the financial capital, will bounce back and “continue to be the center of commerce and prosperity.” Improved Ties Nuclear-armed India and Pakistan have sought improved relations since 2003, a year after they came close to fighting a fourth war since the countries were formed. The two countries are in talks on issues including control of the disputed Himalayan territory of Kashmir, commercial cooperation, terrorism and drug trafficking. Bush made no comment on whether the U.S. was concerned about the potential for increased tensions between the two nuclear-armed South- Asian neighbors, nor did he elaborate about the kind of the U.S. may be offering. Perino said in response to a question that she couldn’t be specific about whether the FBI is helping authorities in India with the investigation. “We’ve offered assistance, and that’s all we can say for now,” she said in an e-mail. “As the people from the world’s largest democracy recover from these attacks, they can count on the world’s oldest democracy to stand by their side,” the president said. While more than 300 people have died in attacks on Indian markets, mosques and theaters this year, the indiscriminate killing of businessmen and tourists in five-star hotels marks an escalation in the country’s fight again Islamic extremism. Singh will convene an all- party meeting tomorrow to seek support for a nationwide agency mirroring the Federal Bureau of Investigation to probe terror-related attacks. --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: Organic Farming 'Could Feed Africa'
Absolutely right from my perspective. Human life is the most precious thing under the heaven. Unfortunately the UN could not do anything, the problem is wrong bilateral trade agreements. Win-lose that some years later become loss- loss, as usual. One day we all will learn that only win-win agreements work. Peace and best wishes. Xi On Nov 27, 3:53 am, Mercury.Sailor [EMAIL PROTECTED] wrote: Well, Do I feel small right now! These two videos of yours are my favorites you have done. I read something yesterday about the global food crisis. The UN knew there was trouble way ahead, before the crisis, yet they didnt do anything. Why do they wait until there is a crisis before action is taken? This is human life, and should be protected at all cost, right? On Nov 24, 9:53 am, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: http://www.organicconsumers.org/articles/article_15278.cfm A new study released by the United Nations indicates that the best way to increase food production in Africa is to shift to organic farming practices. According to the study, African farmers who have already transitioned to organic production are seeing yield increases, on average, of 128% percent. Organic farming practices build healthier top soil, allowing plants to develop deeper root systems, thus providing greater resilience in extreme drought conditions. Vids on this crisishttp://www.youtube.com/watch?v=_hylxONK3Es http://www.youtube.com/watch?v=__Tme-MyPaM Peace and best wishes. Xi --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
IMF Loans Total $41.8 Billion in November, ‘Busiest’ Month Ever
Comments: from http://www.rgemonitor.com IMF's monthly disbursements record of $26.6b in 2002, according to records that date back to 1984 was beated in Nov-2008 when a total of $41.8b in loans were agreed by the fund. The largest bailout in IMF history was the September 2002 approval of $30.4b for Brazil. South Korea got $21b in December 1997, in the midst of the Asian financial crisis of that year in which Indonesia received $11.2b and Thailand got $4b The institution is basically providing funds through two different ways. A less conditional borrowing facility (SLF) (1) in which countries can borrow up to 5 times their quota, with a three month duration and, borrowing for countries in need of longer term programs, which will likely be subject to more specific conditions. However, the IMF may be less likely to dictate policies than in the past. On the IMF's Role: Asia-Europe summit Oct 24/25 suggests IMF play a major role in providing funds to emerging markets and in reforming the international financial system Rogoff: it would be a terrible mistake simply to super-size the IMF in its current guise by greatly scaling up its lending facilities, as many propose. Rather, the IMF's role, even in the current crisis, should be sharpened as an interlocutor between lenders and developing country borrowers, rather than simply as a replacement for all other loan sources Martin Wolf: It is not only possible but necessary to change the global architecture to reflect changing economic weights. The world must also give the IMF more financial resources in support of its new short-term lending facility Jeffrey Frankel: Bill Rhodes has proposed that the Fund facilitate expansion of currency swap arrangements, to allow emerging markets to have the same access that has been made available to developing countries; and that it should try to resurrect a lending facility known as Contingent Credit Lines. The Fund would have to turn to newly- wealthy countries like China to help finance such new facilities and programs. Michael Bordo and Harold James have suggested that the Fund could manage reserve assets of the new surplus countries; but it is not clear why the latter should want it to. Economist: IMF remains the institution most suited to dealing with such crises. It has $255 billion in uncommitted usable resources and the ability to elicit funds from countries that may be reluctant to act on their own—as with the Japanese and Nordic contributions to the Iceland package. The IMF-led route is better for troubled countries than making ad hoc approaches to others Other countries might turn to regional level financing such as those promoted by the IDB for Latin American countries or an Asian crisis fund. Overall, Asian countries are less likely to face balance of payments crises than those in EMEA, but Indonesia may get standby loans from the World Bank and ADB in 2009 BNY: IMF Head, Dominique Strauss Kahn notes that no country is immune to the crisis and that the IMF is willing to provide financial assistance not only to emerging markets, but also Western countries. Japanese Finance Minister Nakagawa suggested Japan might provide funds to support such efforts (1) Short Lending Facility. Peace and best wishes. Xi http://www.bloomberg.com/apps/news?pid=20601087sid=aSCYZI5nYCskrefer=home --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: Life
Congratulations (Mercury) Do not feel guilty. It is your money, you do not borrow it, why to feel guilty if you spend your money as you want? My perspective is life is to enjoy it according to our posibilities, what we really can afford, not beyond it. I should spend more, but I still save a lot. I have plans for the near future and I have to save money to make them real. That is ok although I should save less. Peace and best wishes. Xi On Nov 26, 3:50 am, Mercury.Sailor [EMAIL PROTECTED] wrote: I LOVE shopping, I haven't really done any shopping all year, But damn have I been making up for it and enjoying every second of it Yesterday I spoke to the wife of a famous scientist over the telephone, They live in New Mexico, The husband Sterling C*lgate works at The Los Alamos National Laboratory, Very intelligent couple. Well, during our conversation the wife started talking to me about old age and how when we get older and our bodies don't do what we would like to do, That's when you really learn to appreciate the smaller things in life such as walking, hiking, appreciating the beautiful sunsets. I just let her talk and I listened, Than I thought about it for a long time, Damn I learned to appreciate all of these things when I was in my early 20's. I'm glad I learn these important lessons at such an early age in life, When I go hiking or skiing, walking or just out for a ride on the back of my husbands motorcycle, That's when I appreciate how great life is and its here today and could be gone tomorrow. I know the economy isn't all that great and I shouldn't be out having such a great time spending my money like a drunken U.S President, But hey, Its my guilty pleasure and its Christmas time! So, I am simply having a wonderful Christmas shopping time! --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: China's local stimulus plans hit US$1.46 trillion ???
China to invest 120 bln yuan in second railway for Xinjiang http://news.xinhuanet.com/english/2008-11/25/content_10410141.htm Construction is expected to begin next year, with investment from the central and local governments and other sources. The new line will be parallel to the existing Lanxin Railway linking Gansu, Qinghai and Xinjiang. Only passenger trains will run on it. When the new line is completed, the old Lanxin railway, running1,892 kilometers, will be used by cargo trains only. Peace and best wishes. Xi On Nov 24, 3:30 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: As soon as I know the stimulus package from the central government I had a similar thought, but I had not time for discussions those days. Inmediately after the G20 summit in Washington, we had a discussion about this topic with our boss. The is a first reason to dismiss it, but a further reson to see the real meaning of the whole plan, central plus local governments. This package, as the central government package, is a multi-year budget and mostly (70%-80%) based on projects that are in progress already as a consequence of the former Peoples Congress this year related to the aim of the harmonious society in 2020. Somehow, we could say that the announcement is 70%-80% propaganda. That was my initial thought. But we have to watch at the marginal investment, the other 20%-30%. They are mostly funds that will go to areas where return on investment are not the right decission in economic terms but are mandatory in human terms. I made a video to tell that this crisis would be paid by the poorest among the poor, remote rural areas, lowest economic classes, etc. I should, but I did not, tell unless we take policies for social inclusion. We will not reach the harmonious society in 2020 unless we make those investments now, in the middle of a huge crisis, and addressed exactly where they are addressed to the poorest among the poor, in social terms and in geographic terms. We will not gain much, but we will not lose years losing what we gained last decades. It is a huge investment by local governments, but local governments have much more funds that the central government. It is time for redistribution of wealth. For example, if Beijing, Shanghai and Guangdong have to pay alone the whole high speed railway Beijing- Shanghai-Shenzhen and the areas in-between pay nothing that is fine, probably, amid this crisis, is the only way to make that railway real. If not, the project could be delayed due to difficulties of the lesses developed areasareas in between. Also, it is important not just for China, also for countries in the neighbourhood. Yunan will play a crucial role in the development of the continental ASEAN countries (Myanmar, Thailand, Laos, Vietnam, etc.) and in trade China-Asean-India. It will be the main connection between the future two larger economies, China and India, and probably the thrid area, Asean. Without huge investmnets in Yunan now, we could lose years or even a decade. Yunan (combined with the trans-Himalaya railway to Nepal) will connect 50% of the total population under the heaven. Its railways, roads and power supply plants should not suffer a delay because of a crisis. That 20%-30% is required to avoid the difficulties that some provinces will suffer because of this crisis. Peace and best wishes. Xi antidefm wrote: http://www.youtube.com/watch?v=bLDILgN1qlA The four trillion Yuan (US$586B) stimulus plan from the China government is already very impressive enough. But, do you believe another 10 trillion Yuan stimulus plans from the local governments, that is US$1.46 trillion?! I am not too sure that these local governments know how large the amount of money they are talking about?! Any comment? --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
IMF Survey. Magazine November 2008
http://www.imf.org/external/pubs/ft/survey/2008/113008.pdf This issue is specially interesting after the G20 meeting and the short term lending facility that the IMF launched. Also, the new role of the IMF is covered, but not in depth as it was not decided in detail and could be politically unconvenient. Peace and best wishes. Xi --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
President Hu puts forward proposals at APEC meeting
of financial regulation and take into account the specific development stage and unique features of different economies, he said. It should seek a balance among the interests of all parties and reflects, in particular, the interests of emerging markets and developing countries, he added. Third, from a long-term perspective, it is necessary to change those models of economic growth that are not sustainable and to address the underlying problems in member economies. We should also pay adequate attention to the impact of the financial crisis on the developing world and provide necessary support to relevant countries to help them maintain growth momentum, he pointed out. APEC'S FURTHER DEVELOPMENT On APEC's development, President Hu said China is ready to work with other APEC members to promote its further development. Since its launch almost 20 years ago, APEC has done a great deal in promoting trade and investment liberalization and facilitation and economic and technical cooperation, thus making positive contribution to regional economic integration and the building of an Asia-Pacific family, President Hu said. The host of major reform measures adopted within the APEC framework in recent years have improved APEC's organizing and coordinating capabilities and significantly enhanced the dynamism and efficiency of APEC cooperation, Hu said. To promote the further development of APEC, we should maintain the nature of APEC as a forum for economic cooperation and its approach of conducting cooperation on a non-binding basis, as this best suits the diversity prevailing in the Asia-Pacific, the Chinese president said. He said that the APEC members should continue to promote balanced progress in economic and technical cooperation and trade and investment liberalization. In particular, we should increase input in economic and technical cooperation to enhance capacity-building in developing members and narrow the development gap. Hu arrived here on Wednesday for a state visit to Peru and the Economic Leaders' Informal Meeting of the Asia-Pacific Economic Cooperation (APEC). The APEC economic leaders' meeting opened in Lima on Saturday to discuss such issues as the ongoing global financial crisis, the Doha Round trade talks and food security. The two-day meeting would also discuss the APEC regional economic integration, corporate social responsibility, human security, APEC institutional reform, trade and investment, structural reform, anti- corruption and transparency, economic and technical cooperation, and climate change. (1) Bush asks countries to support G20 plan. Financial Times. http://www.ft.com/cms/s/0/f395dba0-b83a-11dd-ac6d-779fd18c.html?nclick_check=1 --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: SIGNS THAT YOU ARE SUFFERING FROM DESPOTIC TOTALISM:
Maybe here are some more signs of depotism and fight against it The blue man Rock concert movement #237 http://www.youtube.com/watch?v=PJ01GtJk3xo I hope you enjoy it and it can be helpful. Peace and best wishes. Xi On Nov 25, 2:22 am, Morpheal [EMAIL PROTECTED] wrote: SIGNS THAT YOU ARE SUFFERING FROM DESPOTIC TOTALISM: Now remember these are signs, indicators, and everything can happen, by chance in unmanipulated life, outside of a dictatorship, totalism or despotic system. However, the violently destructive patterns causing resigned despair among the many, who urge a “sane” sense of futility of striving, as their answer to what they see as “reality” is something different. Distinguishing normative bad luck from totalistic despotism is not always easy, but if the signs are too persistent and repetitively experienced, you have a strong indication of where you are pinned down. 1). You recognize a strong pattern, with few or no exceptions to that pattern, across a significant number of instances, which is outside of normal life expectations. This is harder for people who have lived for a significant part of their lives under a totalistic, despotic, regime. They are too accustomed to the patterns being abnormal and do not know what a normal experiential pattern really is like. The pattern you recognize has strong personal significance, and is an obstacle rather than nurturing or facilitating development of your own potential, contrary to personal aptitudes and interests, and peculiarly damaging to efforts at achievement. 2). You experience social manipulation where you function as if free to associate with whomever you happen to choose and who in return allows you to associate with them, but the chosen relationships never work out to any reasonably expected results. You find that the development of those freely chosen relationships is peculiarly difficult, or outright thwarted. Even if you severely limit your expectations below social norms, the results still fall below those expectations with routine predictability. This is to be distinguished from outright hostility against your joining. The social door appears open. You can enter. No one stands in your way or challenges you in any significant manner. Nevertheless, you find that the results of social investment do not have a payback, whereas you find other groups, whom you have no desire or interest as to joining or participating in pay a higher dividend, for nearly no social investment. Clearly you feel someone is messing with your social capital and thwarting your freedom to invest where you choose. Clearly you are not in a social “free market” even if you were taught that you are and are expected to claim that you actually are “free” to invest socially and reap increase in social capital according to your own free choice. 3). You experience sudden, inexplicable, repeated instances of loss where you have reasonable expectations of continuity of social dividends, from having invested more heavily than you tend to invest in relationships on average. The relationships you value, for the sake of social capital, are terminated without reasonable expectation, or warning, often in exceptional ways, under peculiarly suspicious but unexplained circumstances. You lose your investment. You get no social dividends. You are discouraged from further investments of that type by repeated instances of that type of unpredictable and exceptional failure of social investment, and the damage from the loss is damage tied to your efforts at achievement, in terms of your own potential, personal interests and aptitudes, and your own free choices from among the social spectrum that is accessible to you in your socio-economic circumstances. 4). That brings us to that point of repeated disappointment. You invest in what you believe in, are interested in (often shared interests in common with others), and you find that the positive beginning and the social investment, even if it appears to be going well, is doomed to create disappointment. When this exceeds the statistics of what is normative, and you know you have done nothing unusually wrong, you know you are a victim of toalistic despotism. 5). You experience an unusually rigid class structure barrier which stops you from communicating, relating, and collaborating with those who are doing better than you are, in relation to your personal interests, aptitudes, and goals. You find you simply don’t have any of those chances, and you find that others at your own level start pointing out how they, with less interest, less aptitude, lower aspirations as to goals, and sometimes some very negative characteristics and habits, have the chance, and can boast about it to you with surprising regularity even if you never told them about your own experience. They don’t know you that well, but their behavior is strangely relevant, rubbing it in, outside
Re: Automaker bailout.
state largesse, would have collapsed without it, Rhys said. Many Rescues “Just about every one of the European automakers, apart from Mercedes, have had a rescue of some sort or another,” Rhys said. And Toyota has benefited from Japan’s “incredible low cost of credit,” he added. “It wasn’t technically state aid, but it certainly wasn’t the sort of conditions companies in Europe or North America could borrow at.” Any complaints that grow out of the current bailout-proposal war will be complicated by the industry’s web of cross-border subsidiaries, said Ed Kim, an analyst at consulting firm AutoPacific Inc. in Tustin, California. If Ford gets U.S. help, that may indirectly benefit Hiroshima, Japan- based Mazda Motor Corp., because the American company owns 13 percent of it. GM controls GM Daewoo Auto Technology Co. of Inchon, South Korea, and it acquired the bankrupt Daewoo Motor Co. in 2002. Chrysler is negotiating a partnership with China’s Chery Automobile Co. Chery already has agreed to provide a model for Chrysler to sell in South America. Back in 1979, when the U.S. bailed out Chrysler, things were “remarkably straightforward” because the company lacked a significant international presence, said Maryann Keller, an independent automotive analyst and consultant in Greenwich, Connecticut. “Chrysler today would be more complicated,” she said. “Do we subsidize Chrysler so they can work with Chery and create a stronger automotive competitor?” On Nov 18, 10:22 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: My comment: Is it really aimed to protect jobs in USA? To be honest, I do not care who owns SAIC, which share belong to whom, whether it is called Zhang or Smith, it is a deal among them. etc. General Motors Aims to Raise Stake in China Venturehttp://www.bloomberg.com/apps/news?pid=newsarchivesid=aJB4pTi0X5lo China's SAIC May Pass Combined Value of GM, Ford: Chart of Dayhttp://www.bloomberg.com/apps/news?pid=20601087sid=aoMt5O0srAOMrefe... --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Butterfly lovers. Liang Zhu
My comment: this is another version of one of my favourite themes ever. You may see the whole story in this thread. http://groups.google.com/group/world-thread/browse_thread/thread/77a51c05b3339342/5d0e25808828fa6f?lnk=gstq=butterfly+lovers#5d0e25808828fa6f and a vid that I love. Here is a great performance of it. Part 1: http://www.youtube.com/watch?v=qdFi1FgsTgM Part 2: http://www.youtube.com/watch?v=atUzcx7iuW0 Part 3: http://www.youtube.com/watch?v=6gX20e-Z_r4 The Butterfly Lovers or Liang Zhu is a Chinese legend about the tragic romance between two lovers, Liang Shanbo and Zhu Yingtai A young woman named Zhu Yingtai from Shangyu, Zhejiang, disguised herself as a man travelling to Hangzhou to study. During her journey, she met and joined Liang Shanbo, a companion schoolmate from Kuaiji (會 稽, Kuàijī, now known as Shaoxing) in the same province. They studied together for three years, during which their relationship strengthened. When the two parted, Zhu offered to arrange for Liang to marry her 16 year-old fictitious sister. When Liang travelled to Zhu's home, he discovered her true gender. Although they were devoted and passionate about each other at that point, Zhu was already engaged with Ma Wencai (馬文才, Mǎ Wéncái), a man her parents had arranged for her to be married to. Depressed, Liang died in office as a county magistrate. On the day Zhu was to be married to Ma, whirlwinds prevented the wedding procession from escorting Zhu beyond Liang's tomb. Zhu left the procession to pay her respects for Liang. Liang's tomb split apart, and Zhu dived into it to join him. A pair of butterflies emerged from the tomb and flew away. Peace and best wishes. Xi --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Gazprom strategy amid economic turmoil
A very interesting vid as Gazprom is not only a giant oil producer but it controls some other countries oil production, and also we could expect that Russia follows same strategy for other commodities. (26 mins.) http://www.youtube.com/watch?v=tqlcNg4DX6U --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Arthur progress: Chopin: Prelude in B Minor. op. 28, no. 6.
http://www.youtube.com/watch?v=SV7Althn7EA --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Hu Tells Leaders China Growth Will Help World Economy
http://www.bloomberg.com/apps/news?pid=20601087sid=at5fHW4Wz5M0refer=home Nov. 15 (Bloomberg) -- Chinese President Hu Jintao, speaking to leaders from the Group of 20 nations in Washington, said China can help alleviate the impact of the financial crisis and slowing global growth by stoking its own economy. ``Steady and relatively fast growth in China is in itself an important contribution to international financial stability and world economic growth,'' Hu said today, according to the official Xinhua News Agency. The nation ``has taken an active part in the international cooperation to deal with the financial crisis.'' Last week China announced a $586 billion economic stimulus, focused on building low-rent housing, roads, railways and airports. The package also allows tax deductions for fixed assets such as machinery to stimulate investment. Farmers will also benefit from more subsidies. ``What China's doing is really important, and really necessary,'' U.S. Treasury Secretary Hank Paulson said yesterday in an interview on CNBC television. China accounted for 27 percent of global economic growth last year under purchasing power parity calculations, more than any other nation, according to the International Monetary Fund. April. Purchasing power parity accounts for differences in the exchange rates of national currencies. Premier Wen Jiabao's stimulus announcement came amid signs that growth in the world's fourth-largest economy is slowing. Gross domestic product grew by 9 percent in the third quarter from a year earlier, the least in five years, while industrial output last month expanded at the slowest pace in seven years. Financial Reforms The Chinese president added his voice to calls from Russian President Dmitry Medvedev and Indian Prime Minister Manmohan Singh for changes to the international financial system. Reform ``should aim at establishing a new international financial order that is fair, just, inclusive and orderly and fostering an institutional environment conducive to sound global economic development,'' Hu said, according to Xinhua. As head of the world's second-biggest exporting nation, Hu also urged countries not to raise trade barriers to protect their economies. ``The international community should prevent all kinds of trade and investment protectionism and promote the Doha round of trade talks to achieve positive progress,'' Xinhua quoted Hu as saying. He urged industrialized nations to play their part in tackling the global financial crisis, which triggered an equities rout that's halved the market value of worldwide stocks to about $30 trillion so far this year. China benchmark CSI 300 Index of shares has dropped 64 percent and Hong Kong's Hang Seng Index has slumped 51 percent. Developed nations ``should undertake their due responsibilities and obligations'' by stabilizing their economies, restoring growth and taking ``active steps to stabilize their own and the international financial markets and safeguard investors' interests,'' Xinhua reported Hu as saying. --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: Bretton Woods 2. How much can we expect?
standards should be raised, they said, particularly for banks' structured credit and securitization activities. The leaders directed their finance ministers to work on recommendations for enhancing disclosure by investors and institutions, including hedge funds, of their financial conditions. Debt-rating companies, which blessed many of the products that have since gone into default, should be registered, and oversight of their actions strengthened to ensure they provide unbiased information and avoid conflicts of interest. Accounting Standards Accounting standards should be harmonized around the world, the group said, and regulators should consider whether current rules properly value securities, particularly complex, illiquid products, during times of stress. The leaders endorsed the use of clearinghouses for financial derivatives to back trades and absorb losses in case of a dealer failure. The first central clearinghouse for the $33 trillion credit- default swap market should be in operation by year-end in the U.S., under an agreement signed last week by three U.S. financial regulators. Such products should be traded on exchanges or electronic trading platforms, the leaders said, and more disclosure should be required for other derivatives traded over the counter. The leaders said executive compensation should be managed to ``avoid excessive risk-taking,'' while stopping short of calling for any caps. Trade Talks Warning against protectionism as a way to fight recession, the G-20 vowed not to raise any trade barriers for the next year. They also said they will seek ways by the end of the year to conclude the Doha round of trade talks that collapsed in July. An accord ``would be a signal that would be of equal weight as an economic stimulus program,'' German Chancellor Angela Merkel said. The governments will review the ``adequacy of resources'' at the IMF and World Bank, and look for ways to increase them, along with buttressing the role of smaller economies. Some emerging-market nations with large reserves have been reluctant to raise contributions to the IMF unless they are given more of a say in how the organization is run. Leaders will meet again before the end of April, most likely in London, when a new American administration is in office. President- elect Barack Obama didn't attend the meeting, sending former Secretary of State Madeleine Albright and former Republican Representative Jim Leach to meet delegations instead. Work Together Obama ``asked us to represent him in receiving the views of these important partners,'' Albright and Leach said in a statement, adding that they held meetings with more than a dozen delegations. ``We also conveyed President-elect Obama's determination to continuing to work together on these challenges after he takes office in January.'' Heads of emerging-market nations said the G-20 should now replace the Group of Eight as the forum for addressing economic issues. Brazilian President Luiz Inacio Lula da Silva said the G-8 has ``become a group of friends'' and there's ``no sense in making political and economic decisions without the G-20 countries.'' The G-20 members are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the U.S., the U.K. and the European Union. The Netherlands and Spain were also represented, as were the IMF, World Bank, Financial Stability Forum and United Nations. On 6 nov, 16:45, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: During the last weeks most think tanks, governmental agencies and departments, international organizations, universities, etc. are working hard (or should have been) to prepare the summit on November 15th., Which are the current positions? Basically three, or two dot five. The first one, although it has no posibility at this point, is the right wing wish, to do nothing too significant except to take funds from developing countries to fund recovery in developed ones in the hope that, somehow, it will produce developent in dveloping countries later. Again the top-down approach. The third one, although it has no posibility to win today, is to approve the road map to fix the real problems. It means not just a change in the financial order and its institutions, such as the IMF, but also to change the monetary practices and in particular the international currency. I must understand that public opinions in the West, and in particular in USA, are not ready for such announcements, specially when a new administration will come within some weeks. Politics is above economics, I accept it. Then, we will have to see more emergency summits along the next two years. In the middle, the second one. As I wrote some weeks ago, that summit will approve three strategies: 1. To set up a new financial toolkit that becomes mandatory for financial institutions of any sort since rating agencies
Re: As Expected the Crooks Demand No Oversight
I think that we should see this as a two years (aprox.) process. And recall the true goals of this first meeting. It is to open the door for further actions and decissions.The IMF is already working in changes. I think the thread Bretton Woods 2. How much can we expect? http://groups.google.com/group/world-thread/browse_thread/thread/238abe7c71803a2c# can help. I think that now the world goes around despite some people wants to stop it. I wrote somewhere that the EU would urge for second meeting in March or April after the end of this summit to check progress. It seems that they are urging it during the summit. That is a politic change that was unexpected for me. Peace and best wishes. Xi On 15 nov, 18:43, Justice [EMAIL PROTECTED] wrote: In an effort to keep markets free (from regulation, oversight and accountability) the United States argued to the G-20 that global regulation would be bad for business. Monkey Business? The United States has just perpetrated the largest fraud in the history of markets, and now demands to be treated as if nothing has happened. The press in the United States has hinted, only hinted, that the global depression might have something to do with Wall Street, by saying that the downturn began in New York. Let me tell you an analogy that will make this lie very clear. Wall Street strangled the goose that laid the golden egg and is telling the world she died of a heart attack. If Washington will not be accountable now, then when? If there are no public apologies and the admission of wrong-doing, how can the US ever be trusted again? Won't central banks and Sovereign Funds be told by their governments never to purchase another American-only instrument? The only way these issues get clear is for the guilty to apologize, for the fraud to stop and the crooks to pay a penalty -- but that's not the case here. Bush is demanding free markets -- as if he knew the meaning. == G-20 to Back Stimulus, Call for More Market Oversight (Update1) By Michael McKee and Simon Kennedy Nov. 15 (Bloomberg) -- World leaders meeting in Washington are moving to shore up the deteriorating world economy while papering over differences on additional regulation of financial markets. In a draft of the statement to be issued after their meeting today, members of the Group of 20 endorse steps already underway to fight a global recession by pursuing active monetary and fiscal policies, French officials told reporters on condition they not be named. There are also proposals to bolster the role of the International Monetary Fund and complete the Doha round of world trade talks by the end of the year. The leaders hide disagreements between the U.S. and European governments over the future shape of the global financial system by agreeing each should pursue more effective regulation of markets and institutions in their own countries. They will commit to meet again by the end of April, after President-elect Barack Obama takes office, the French officials said. I'm pleased that we're discussing a way forward to make sure that such a crisis is unlikely to occur again,'' President George W. Bush told reporters before today's meeting. ``There's some progress being made, but there's still a lot of work to be done.'' Tumbling stock markets and forecasts for global recession are putting pressure on the G-20 leaders, who met last night for a dinner of quail, roast lamb and pear torte at the White House. Fiscal Stimulus Figures released yesterday showed the euro area entered a recession in the third quarter for the first time since the single currency was introduced a decade ago, and retail sales in the U.S. fell by the most on record in October. The Standard Poor's 500 index fell 38 points yesterday to close at 873, a loss of 6 percent for the week and 41 percent this year. The first step in countering those developments is raising government spending to boost growth where necessary, the leaders will say. Some G-20 countries including the U.K., Japan, China and Germany are rolling out stimulus packages. So far, Bush is resisting Democratic lawmakers' calls for a second round of stimulus in the U.S. Brazil's President Luiz Inacio Lula da Silva urged countries to increase spending, saying his country is working to ``stoke domestic demand'' and other should, too. The best solution to keep the financial crisis from worsening is for the rich countries to solve their economic problems,'' he said. The communique will also offer a long list of measures for countries to study in improving oversight of financial institutions whose operations, and problems, cross national borders. Brazilian Foreign Minister Celso Amorim said the G-20 will also set a year-end deadline for concluding the Doha round after trade talks collapsed in July. Ratings Companies The list includes improving regulation of credit ratings agencies, extending
Are you attending the obituary in Washington this weekend?
applaud and join. The party is over. Let us release the cables and let the patient die sweetly within two or three years. A new system is rising vigorously. A rescue plan that proved how to grow two digits along decades and how to rescue hundreds of millions away from poverty. Dynasties come and go, empires come and go, politic systems come and go, economic systems come and go. Only clocks remain, always telling us make love not war. While the little human being who makes that world go around, as usual, just want a nice job, decent wages, a nice family, good friends, some entertainment from time to time and to feel that they do their best with their life. While the clock still sings tic-tac for us. Chinese features http://www.youtube.com/watch?v=VXqSPJpuDBM Western features http://www.youtube.com/watch?v=HDFmuOtKrBc Latinamerican features http://www.youtube.com/watch?v=k85X3ZGwYtk Let us enjoy the gathering in Washington this weekend. A civilization dies, long life to the new civilization Peace and best wishes. Xi Sources and praise to those who rise the early signs and predicted all this: The Beatles. All you need is love http://www.youtube.com/watch?v=rLxTpsIVzzo John Paul Young - Love Is In The Air (1978) http://www.youtube.com/watch?v=NNC0kIzM1Fo Simon Garfunkel Scarborough Fair http://www.youtube.com/watch?v=BYQaD2CAi9A Bridge over troubled waters Simon Garfunkel http://www.youtube.com/watch?v=qFruKvAq8PQ Sound Of Silence - Simon Garfunkel (live sound) http://www.youtube.com/watch?v=eZGWQauQOAQ --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: Are you attending the Memorial Service in Washington this weekend?
Thank you very much, Justice ! (Justice) No, I did not intend to publish it. It is just thoughts for friends. But, I would like to keep this message because I am pretty sure that I will use it within two years. If you fix it for me it would be wonderful. Thank you very much. (Justice) About its content. There is no change with my first message on the thread, Bretton Woods 2. How much can we expect?. http://groups.google.com/group/world-thread/browse_thread/thread/238abe7c71803a2c# We have talked millions of hours, we have wasted tonnes of paper and electricity. But the destiny and the roadmap is what it is. It will look like very littlle, but it is a huge and decissive leap ahead. This weekend we are crossing the point of no return. Peace and best wishes. Xi On 14 nov, 17:38, Justice [EMAIL PROTECTED] wrote: Beautifully written! APPLAUSE!!! I have changed the title to reflect American English usage. You could also have written, Are you attending the Reading (or the Writing) of the Obituary in Washington this Weekend? == My comments: I hope you are correct. Washington, under this President, will retain some elements of Capitalism. He cannot go home empty-handed. In addition, this group of 20 will not be prepared to force Washington or even the IMF to disgard the old principles because none are ready to turn their backs on Washington -- something they would have to do since this President is ill-prepared philosophically as well as intellectually to face complete failure. Like you wrote, in one or two years, if the US is not prepared to go along, they will be left along side of the road. It will be up to Obama. There are a few words I would like to change in this to make the English perfect. I will do so and send it to you by gmail in case you ever wish to print this in another publication. On Nov 14, 10:35 am, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: Most fantasized with terrible nuclear wars, famine, Blade Runner style societies, etc. Others maybe fantasized with Star Wars chapter 2, once its counterpart, the soviet economy, died or was killed with Plutonium, with chapter 1. Few would believe that Capitalism would die in Washington, and in a peaceful meeting that counted among its attendees with the president of the USA, premiers from United Kingdom, Germany, Japan, etc. Probably all of them will applaud at the end of that meeting, who could predict that moment one year ago or in 1945?. I would not miss such historic, glorious and funny moment if I would be in your shoes. Capitalism was born vigorously in England, two centuries ago. People from everywhere attended business meetings to raise capital in order to acquire vapour engines, machinery, coal, factories, with such capital. To pay wages. To sell, to produce, to acquire more, to sell more, to produce faster, to raise fresh capital faster, more, more, more, faster, faster, faster in a race against time and against the history of the humankind where everything needs its cooking time. But Capital was power at that time. At that time some people from Liverpool chanted All you need is capital, while others in America replied Capital is in the air. That air was polluted with Capital but also with smoke from the factories of Liverpool, New York, Manchester, London, Hamburg, etc. Politicians told to poor workers (politely called citizens since now on) go to work, go to bed, go to work, go to bed, like the tic-tac of a clock. Years later, in America, around 1980 other politicians added “go shopping !” . And, at its peak, we had the final macroeconomic theory of Capitalism “go work, go shopping, go to bed”. Which sickness could murder such perfect clock? A crisis from 1968 to 1973 gave the first sign. From global charming the Capitalist world moved to global warning. People in Liverpool chanted All you need is love, and the Americans replied Love is in the air. Pollution in the air finally gave way to global warming after 200 years producing smoke in Liverpool and Chicago that Asians, Africans and Latinamericans had to suffer silently along those 200 years. Kissinger asked Mao to integrate China in the global economy and the Soviet Union and USA were signing treats to have less weapons. The little human being asked to itself why not “make love not war” instead of “go work, go shopping, go to bed”? The world woke up on October 1973 and went to the warm ro factories, then shopping and went to bed, again and again as a clock, as capitalists told to that little human beings. Was “make love, not war” just a dream? Not really. In Vietnam and then years later in Iraq and Afghanistan, Capitalism realized the hidden cost of wars, trillions of dollars to the trash can, millions of human beings to death and years lost. Asia invented a new way to raise capital, without stock markets, without wars. Just exports
Re: News and comments about China´s economy
My comment: Excellent news, the best posible news are happening these days. Finally it seems that also householders are joining the effort to boost consumption moderately. Roughly, it means that saving rate will move from 30% to around 20% this year. Also, foreign account are in line. Export slow down as a consequence of the global slow down, but import also slow down at a similar pace. Peace and best wishes. Xi China Retail Sales Rise 22%, Help to Counter Slowdown http://www.bloomberg.com/apps/news?pid=20601087sid=alXgzyRr0I6Arefer=home China reports $35.2 bln record high trade surplus in Oct. http://news.xinhuanet.com/english/2008-11/11/content_10341604.htm On 11 nov, 05:03, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: My comment: Besides to ease financial rules that the Peoples Bank will do without any doubt. We could take advantage of this momentum to reduce subsidies to some products such as gas for private cars. It will not last forever and then we should use that funds for other energy sources. China CPI eases to 4% in October. PPI 6.6%http://news.xinhuanet.com/english/2008-11/11/content_10339778.htm China's Inflation Slows, Giving Room for Rate Cutshttp://www.bloomberg.com/apps/news?pid=20601087sid=abFzM2IfLNNIrefe... Peace and best wishes. Xi On 1 nov, 15:25, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: My comment: Once the basic welfare system is close to be extended across the whole China and in particular the basic infraestructrure of education and healthcare is on its way, China has been trying to change its growth model since some years ago. From low value added manufacturing (such as metal processing) toward higher value added jobs, and from an export oriented economy to a balanced export- domestic consumption economy. Obviously a crisis like this is not the best time to produc such huge changes. But that is the time that we have to deal with and, on the other hand, to produce such dramatic changes while economy growth is still high is almost mandatory for any country that does not want to produce a human crisis. Most of those industries are moving toward other countries (mostly Vietnam). We do not see a serious negative human impact on unemployment or human conditions in China due to this process. But this crisis makes that authorities will have to play even closer attention to those indicators to avert any damage to Chinese people. China Manufacturing Contracts as Crisis Trims Exports (Update1)http://www.bloomberg.com/apps/news?pid=20601087sid=asxpXKBhstjUrefe... On 20 oct, 19:41, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: My comment: Excellent news. Growth is slowing down as a consequence of global slow down and Chinese fight against inflation. But its pace, 9% in Q3, is still really high. Investments are strong enough to sustain development. Investment in urban areas grew 27.6 percent to 9.9871 trillion yuan, 1.2 percentage points higher than the same period of last year, and rural fixed assets investment rose 23.3 percent to 1.6375 trillion yuan, 2.1 percentage points higher. Good news, investments in rural areas grew faster than in urban areas, probably it means that the fight to trimm inequalities between urban and rural areas are producing good results. China's CPI rises 4.6% in Septemberhttp://news.xinhuanet.com/english/2008-10/20/content_10222532.htm China's GDP up 9.9% in Jan.-Sept. period, 9 percent for the third quarterhttp://news.xinhuanet.com/english/2008-10/20/content_10222493.htm China's fixed assets investment up 27.0% in 1st three quartershttp://news.xinhuanet.com/english/2008-10/20/content_10222671.htm Peace and best wishes. Xi On Oct 15, 3:24 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: My comment: It means that if China is the engine of global growth, to keep it on track despite global crisis is contribution enough to the global economy. China airs resolve to keep economy in good shapehttp://news.xinhuanet.com/english/2008-10/14/content_10195060.htm BEIJING, Oct. 14 (Xinhua) -- China on Tuesday reaffirmed its resolve to keep its economy on track amid the global financial turmoil. In a meeting with visiting U.S. Senator Chuck Hagel, Vice Premier Wang Qishan said the financial crisis, triggered by the U.S. credit crunch, had exerted a grave impact on the global financial market. As a responsible country, China has always valued the communication and cooperation with other nations to ensure world financial and economic stability. Wang said China would make great efforts to keep its economy on the right track, which would be the country's greatest contribution to the world. China had implemented and would continue measures to ensure the stability of finance, economy and the capital market, he said, referring to a package of new
Re: Bretton Woods 2. How much can we expect?
of commodity prices have decreased inflationary pressures especially in advanced economies and permitted central banks to decide on monetary easing. In those economies facing currency depreciation and still suffering from second round effects, inflationary pressures may be more persistent. In this context, monetary authorities will need to continue to carefully monitor economic developments, including the consequences of financial deleveraging, in order to take appropriate action if needed. 12. We underscored that the Bretton Woods Institutions must be comprehensively reformed so that they can more adequately reflect changing economic weights in the world economy and be more responsive to future challenges. Emerging and developing economies should have greater voice and representation in these institutions. We welcome the progress made this year in reforming the IMF. We also noted the first step in the ongoing process of reform of the World Bank Group, which is to be followed by a wider share realignment. We emphasized our commitment to further reform the Bretton Woods Institutions in order to increase their legitimacy and effectiveness. Such reforms should also take into account the interests of the poorest countries and reflect their distinct mandates. 13. At this juncture, the IMF, the World Bank Group and other international financial institutions have an important role to play, consistent with their mandates, in helping to stabilize and strengthen the international financial system, advancing international cooperation for development and assisting countries affected by the crisis. To meet this task, we should review the adequacy of the resources of the IMF, the World Bank Group and other multilateral development banks and stand ready to increase them where necessary. In this context, we welcome the use of the IMF´s emergency procedures to provide substantial assistance quickly to countries in need, and also the creation of a new short-term liquidity facility, which allows quick disbursements without traditional conditionality for countries with strong economic policy track records. We urge the IMF to continue to review and adapt its lending instruments to adequately meets its member needs and revise its lending role in the light of ongoing financial crisis. 14. We agreed that we must draw policy lessons from the current crisis and take all necessary steps to restore market confidence and stability and to minimize the risk of a future crisis. Given its near universal membership and core macro-financial expertise, the Fund should take a leading role in this task consistent with its mandate. We believe that the IMF must enhance its early warning capabilities with due regard to systemically important economies, in order to anticipate stresses and identify at an early stage vulnerabilities, systemic weaknesses and spillover risks across financial markets that can endanger both the international financial system and the global economy. We also underline the importance of strengthening the IMF surveillance and policy advice leading to appropriate and timely macroeconomic policy responses from all countries. 15. In response to the challenges presented by the global financial situation, and recognizing the global nature of financial markets, we believe that the FSF must expand to a broader membership of emerging economies. 16. We agreed that the G-20 plays a vital role in responding to challenges facing the world economy and must maximize its effectiveness.G-20 deliberations should focus primarily on concrete policy outcomes. Consideration should be given to holding G-20 Ministers and Central Bank Governors’ meetings in the run-up to the meetings of the Bretton Woods institutions with the flexibility to hold ad hoc Ministerial meetings when necessary. 17. We thanked our Brazilian hosts for chairing the G-20 this year, and looked forward to further effective collaboration in the G-20 next year under the United Kingdom’s chair. We welcome the Republic of Korea as a member of the Troika in 2009 and chair of the G-20 in 2010. On 9 nov, 22:46, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: G20 economic and financial meeting main conclusions and letter from IMF Managing Director. My comments: No difference to what was expected and stated in my first message in this thread. Not stated in news yet: the European Commision will call to a new summit, after the Nov 15th summit, to track the results of the summit in Washington. IMF managing director urges to enhance the role and the power of the IMF and a network of international institutions for early alarm, monitoring, management and isolation of future crisis. The emerging and developing group calls for measures to sustain growth. G-20 Ready to Urgently Boost Growth, Stimulus Neededhttp://www.bloomberg.com/apps/news?pid=20601087sid=afct4fkQ5lpMrefe... Letter from Mr. Dominique Strauss-Kahnhttp://www.imf.org/external/np/sec/pr/2008/pr08278.htm
Re: 2008 Land Grab
Thank you very much for your message Justice. About farmland, yes, from an investment perspective we should not expect any change within the next many months (24 to 36 months). And from an American perspective, within the next few years (probably 4 or 5). From an optimistic perspective. About that bailout. Well, as part of the humankind, and therefore sharing the same DNA that the people who lives between the Southern border of Canada and the Northern border of Mexico, to accept the truth is embarrasing for me too. I have never been too enthusiatic on the financial rules taking over there in the last ... I cannot count how many years sorry. As usual the only answer is development from below. Peace and best wishes. Xi On 4 nov, 21:18, Justice [EMAIL PROTECTED] wrote: The 2008 Land Grab for Food and Financial Security GRAIN, October 25, 2008 Straight to the Source Today's food and financial crises have, in tandem, triggered a new global land grab. Food insecure governments that rely on imports to feed their people are snapping up farms all over the world to outsource their own food production and escape high market prices. Private investors, hungry for profits in the midst of the deepening financial crisis, are eyeing overseas farms as an important new source of revenue. As a result of both trends, fertile agricultural land is being swiftly privatised and consolidated by foreign companies in some of the world's poorest and hungriest countries. A new report from GRAIN examines 100 cases of agricultural land grabbing -- whether for food or simply for profit -- that have exploded this year. Saudi Arabia and China are just two nations out buying farms, from Sudan to Cambodia, to satisfy their own food needs. In these cases, governments, sometimes through sovereign wealth funds, are negotiating rights to foreign land -- whether by purchase, concession or lease -- so that their corporations can come in and produce food to export back home. In return, they are offering oil contracts, soft loans, infrastructure projects and development funds. The food-hungry land grabbers include China, India, Japan, Malaysia, Korea, Egypt, Libya, Bahrain, Jordan, Kuwait, Qatar, Saudi Arabia and United Arab Emirates. Those giving up their land, in exchange for the oil deals or investments, include the Philippines, Mozambique, Thailand, Cambodia, Burma, Laos, Indonesia, Pakistan, Sudan, Uganda, Brazil, Paraguay, Uruguay, Ukraine, Russia, Kazakhstan and Zimbabwe. Investing in farms abroad to produce food for a tight world market is also, apparently, a hot way to make money these days. Throughout this year, an army of investment houses, private equity managers and hedge funds have been out purchasing farmland throughout the world. The plan is to capitalise on low land costs and high food prices wherever fertile farmland is available, such as in Ukraine, China, Russia, Nigeria, Argentina, Brazil and Kazakhstan. The money-hungry land grabbers include familiar names such as Goldman Sachs, Morgan Stanley, BlackRock and Louis Dreyfus, but there are plenty of others. And they are getting help from agencies like the World Bank, its International Finance Corporation and the European Bank for Reconstruction and Development, who are pressing target countries to change their laws and make stronger land ownership by foreigners possible. While political leaders and UN bodies are trying to manage the potential backlash, farmers' organisations, opposition parties, human rights groups and others are challenging and resisting these deals. But much more needs to be done to stop this massive sell-out of the very basis of food sovereignty. More at:http://www.grain.org/go/landgrab = At this point, you are a sage. You have been urging people for over a year now to purchase farm land with arable water. Certainly all your predictions about the US economy have come true -- and we are still in a mess. The bailout has turned out to be a giveaway to the financial houses. Now we need curbs on the bailout before the CEO's and top employees use the money to pay out bonuses. I imagine you read that we gave Goldman $8 billion and they announced a few days ago that they will be using $11 billion to pay out bonuses. Not loaning money, for which taxpayer money was given -- but to pay out to top employees. Shareholders be damned. And no one could have predicted! That's the beauty of it isn't it??? No one could have predicted that the wealthiest people in the US would continue to be greedy even while they're standing in line looking for welfare? --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http
Hu: China contributes to global financial stability
http://news.xinhuanet.com/english/2008-10/24/content_10248292.htm BEIJING, Oct. 24 (Xinhua) -- China's sound economic growth is in itself a major contribution to global financial stability and economic growth, Chinese President Hu Jintao said here on Friday, referring to the global financial crisis that has shocked the world financial markets. That's why China must first and foremost run its own affairs well, Hu told leaders of 45 Asian and European nations and organizations at the opening ceremony of the Seventh Asia-Europe Meeting. In his key-note speech, the president recalled China's recent development, saying that since the beginning of this year, China had taken robust measures to address the complex changes in the global economic environment and the grave challenges from nature. We have maintained relatively fast economic growth and steady development of the financial sector. The fundamentals of the Chinese economy have not changed, Hu said. On the other hand, he added, however, the global financial crisis had noticeably increased the uncertainties and factors for instability in China's economic development. China is now confronted with many difficulties and challenges in our economic endeavor. China is a developing country with 1.3 billion people, and the Chinese economy is increasingly interconnected with the global economy. China's sound economic growth is in itself a major contribution to global financial stability and economic growth. That is why we must first and foremost run our own affairs well, Hu said. He said, in the light of the changing domestic and international economic situation, China would make its macroeconomic regulation measures more proactive, focused and effective, and make timely adjustments to the policies. China would vigorously expand domestic demand, especially consumer demand, maintain economic and financial stability and stability of the capital market, while continuing to promote sound and fast economic and social development, he said. --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: US attacks Pakistan
Pakistan's Zardari Tells U.S. Officials Drone Raids Must Stop http://www.bloomberg.com/apps/news?pid=newsarchivesid=aCB8T2i79n_8 On 29 oct, 17:55, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: Pakistan summons U.S. ambassador over missile strikeshttp://news.xinhuanet.com/english/2008-10/29/content_10274819.htm ISLAMABAD, Oct. 29 (Xinhua) -- Pakistani foreign ministry on Wednesday summoned the United States ambassador to Pakistan and expressed its strong protest over the missile strikes by American drones in the country's tribal regions, Pakistani Foreign Office said in a statement. The U.S. ambassador was called to the Foreign Office today and a strong protest was lodged on the continued missile attacks by U.S. drones inside Pakistani territory, said the statement. It was underscored to the ambassador that the government of Pakistan strongly condemns the missile attacks, which resulted into the loss of precious lives and property, the statement noted. A copy of the Senate resolution adopted on Monday against the missile strikes was handed over to the ambassador, it said. It was emphasized that such attacks were a violation of Pakistan sovereignty and should be stopped immediately, the statement stressed. The U.S. drones based in Afghanistan have carried out 34 strikes and intrusions into Pakistani territory in the last seven months, according to News Network International news agency. Suspected U.S. drones fired missiles targeting local militants in South Waziristan tribal region who gathered to offer prayers last Sunday night. As a result, at least 20 people were killed, according to local media reports. On 27 oct, 14:31, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: Syria Protests U.S. Helicopter Raid, Says Eight People Killedhttp://www.bloomberg.com/apps/news?pid=20601087sid=adJ_B4pQ2bw0refe... Oct. 27 (Bloomberg) -- Syria protested to the U.S., saying American military helicopters carried out a raid yesterday on its territory bordering Iraq that killed eight people. The Foreign Ministry summoned the U.S. envoy in Damascus to protest ``this dangerous aggression,'' Syria's state-run news agency, Sana, reported on its Web site. U.S. government officials declined to comment when contacted by Bloomberg News. The raid targeted a network of al- Qaeda-linked fighters using Syria to reach Iraq, the Associated Press reported, citing a U.S. military official who spoke on condition of anonymity because of the political sensitivity of raids across the border. The U.S. has long pressed Syria to prevent fighters entering Iraq to join the Sunni-led insurgency. While Secretary of State Condoleezza Rice said last month the government in Damascus has slowed the flow, relations between Syria and the U.S. have ``a long way to go.'' Four U.S. helicopters, flying from Iraq, fired on a civilian building in the al-Boukamal region, Sana said. Four children were among those killed, it said. Syria ``holds the U.S. forces responsible for this aggression and its repercussions,'' the news agency said. Protest to Iraq Iraq's envoy in Damascus was also summoned by the Foreign Ministry and told Iraq must ``make an immediate investigation into this dangerous violation'' and prevent its territory being used to conduct aggression against Syria, according to Sana. U.S. Defense Department spokesman Darryn James and White House press secretary Dana Perino declined to comment. State Department spokeswoman Joanne Moore and Gordon Johndroe, a spokesman for the White House National Security Council, also declined to comment. Johndroe said in an e-mail that it was ``unlikely'' he would have any comment later. The area targeted is near the Iraqi city of Qaim where fighters cross into Iraq and weapons and money used to fuel the insurgency are brought into the country, AP reported. U.S. soldiers are trying to secure the border with Syria, which has become an ``uncontrolled'' gateway for gunmen, AP cited Major General John Kelly, commander of U.S. forces in western Iraq, as saying last week. Rice met last month for 10 minutes with her Syrian counterpart, Foreign Minister Walid al-Moallem, during the annual United Nations General Assembly in New York. Syria's human rights record, its involvement in nuclear weapons and its support for groups the U.S. considers terrorist organizations, such as the Palestinian Hamas group and Hezbollah in Lebanon, are some of the issues standing in the way of improving relations, she said in a Sept. 29 interview with Bloomberg TV's ``Night Talk with Mike Schneider.'' On Sep 25, 9:18 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: PakistanFires at U.S. Helicopters on Afghan Borderhttp://www.bloomberg.com/apps/news?pid=20601087sid=aXhqABuYaLuQrefe... On Sep 15, 9:53 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: I will answer
Re: News and comments about China´s economy
My comment: Once the basic welfare system is close to be extended across the whole China and in particular the basic infraestructrure of education and healthcare is on its way, China has been trying to change its growth model since some years ago. From low value added manufacturing (such as metal processing) toward higher value added jobs, and from an export oriented economy to a balanced export- domestic consumption economy. Obviously a crisis like this is not the best time to produc such huge changes. But that is the time that we have to deal with and, on the other hand, to produce such dramatic changes while economy growth is still high is almost mandatory for any country that does not want to produce a human crisis. Most of those industries are moving toward other countries (mostly Vietnam). We do not see a serious negative human impact on unemployment or human conditions in China due to this process. But this crisis makes that authorities will have to play even closer attention to those indicators to avert any damage to Chinese people. China Manufacturing Contracts as Crisis Trims Exports (Update1) http://www.bloomberg.com/apps/news?pid=20601087sid=asxpXKBhstjUrefer=home On 20 oct, 19:41, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: My comment: Excellent news. Growth is slowing down as a consequence of global slow down and Chinese fight against inflation. But its pace, 9% in Q3, is still really high. Investments are strong enough to sustain development. Investment in urban areas grew 27.6 percent to 9.9871 trillion yuan, 1.2 percentage points higher than the same period of last year, and rural fixed assets investment rose 23.3 percent to 1.6375 trillion yuan, 2.1 percentage points higher. Good news, investments in rural areas grew faster than in urban areas, probably it means that the fight to trimm inequalities between urban and rural areas are producing good results. China's CPI rises 4.6% in Septemberhttp://news.xinhuanet.com/english/2008-10/20/content_10222532.htm China's GDP up 9.9% in Jan.-Sept. period, 9 percent for the third quarterhttp://news.xinhuanet.com/english/2008-10/20/content_10222493.htm China's fixed assets investment up 27.0% in 1st three quartershttp://news.xinhuanet.com/english/2008-10/20/content_10222671.htm Peace and best wishes. Xi On Oct 15, 3:24 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: My comment: It means that if China is the engine of global growth, to keep it on track despite global crisis is contribution enough to the global economy. China airs resolve to keep economy in good shapehttp://news.xinhuanet.com/english/2008-10/14/content_10195060.htm BEIJING, Oct. 14 (Xinhua) -- China on Tuesday reaffirmed its resolve to keep its economy on track amid the global financial turmoil. In a meeting with visiting U.S. Senator Chuck Hagel, Vice Premier Wang Qishan said the financial crisis, triggered by the U.S. credit crunch, had exerted a grave impact on the global financial market. As a responsible country, China has always valued the communication and cooperation with other nations to ensure world financial and economic stability. Wang said China would make great efforts to keep its economy on the right track, which would be the country's greatest contribution to the world. China had implemented and would continue measures to ensure the stability of finance, economy and the capital market, he said, referring to a package of new policies to spur economic growth. The central bank cut interest rates on Sept. 15 for the first time in six years. The People's Bank of China, the central bank, announced the deposit and lending rates would be lowered by 0.27 percentage points and the reserve-requirement ratio would be reduced 0.5 percentage points starting Oct. 15. With tools at our disposal, we are confident and capable of prevailing over the overall difficulties and challenges, Wang told Hagel. He added the overall bilateral relations of the two countries had moved forward and become increasingly interdependent since forging diplomatic ties in 1979. To promote China-U.S. ties was in the fundamental interests of the two nations, he said. Wang proposed the two deepen a strategic trust and take a candid and pragmatic approach in addressing differences. They should work more closely on economy, trade, investment, energy, environment and high-tech. He also urged the United States to observe the three joint communiques, refrain from anything harmful to bilateral ties and the stability of the Taiwan Straits, so as to ensure the sound and steady progress of bilateral constructive cooperation. As all nations were becoming more connected, Hagel, a Republican senator from Nebraska, said the stronger cooperation between the United States and China would help ensure world financial and economic stability
Re: More about the economic war that we see nowadays: OPEC Risks Split on Cuts as Economies Reel, Oil Drops
Developing Nation Yields Soar on Bailouts, Russia Rating Threat http://www.bloomberg.com/apps/news?pid=20601087sid=aAXz7yGSpXM4refer=home Oil Falls as Saudi Arabian Minister Fails to Endorse OPEC Cut http://www.bloomberg.com/apps/news?pid=newsarchivesid=a9ogUG3HZOpA Oct. 23 (Bloomberg) -- Crude oil fell, giving up earlier gains, after Saudi Arabia failed to endorse Iran's call for an OPEC production cut when the group meets tomorrow. Oil prices lost earlier gains after the oil minister of Saudi Arabia, the group's biggest producer, declined to express his support for a possible cut on his arrival in Vienna. Iranian Oil Minister Gholamhossein Nozari had earlier called for the group to slash production by 2 million barrels a day. ``OPEC's major problem is that they have never faced a demand-led surplus before,'' David Hufton of London-based PVM Oil Associates Ltd. said in an e-mailed note today. ``Cutting supply when the other leg is being cut off faster does not restore the balance.'' Crude oil for December delivery fell as much as 85 cents, or 1.3 percent, to $65.90 a barrel on the New York Mercantile Exchange. The contract traded at $66.88 at 1:57 p.m. London time. It earlier rose as much as $1.75 to $68.50 a barrel. ``Who said anything about a cut?'' Saudi Arabia's Ali al- Naimi said when asked whether he supports the possibility of the group agreeing to reduce output when it meets tomorrow. ``Prices will be determined by the market.'' Prices have more than halved since rising to a record $147.27 on July 11 on concerns that the global economic slow down will cut oil demand. Yesterday, futures fell $5.43 to $66.75, the lowest settlement since June 13, 2007. U.S. Demand Falls U.S. fuel demand during the past four weeks was down 8.5 percent from a year ago, according to an Energy Department report yesterday. Gasoline demand averaged 8.8 million barrels a day in the past four weeks, down 4.3 percent from the same period last year, the report showed. The global economy will be in a recession through most of next year as weak demand in the U.S. spreads to Europe and beyond, Dow Chemical Co. Chief Executive Officer Andrew Liveris said in a telephone interview today. ``The rate of reduction in demand is good for cutting,'' Iran's Nozari told reporters today. Brent crude oil for December settlement fell as much as 52 cents, or 0.8 percent, to $64 a barrel on London's ICE Futures Europe exchange. It traded at $64.51 at 1:45 p.m. local time. On Oct 22, 4:05 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: Crude Oil Falls to 15-Month Low on Weakening Demand for Fuelshttp://www.bloomberg.com/apps/news?pid=20601087sid=akVUWReOJLmMrefe... Oct. 22 (Bloomberg) -- Crude oil fell more than $3 a barrel to a 15- month low as weakening fuel consumption outweighed prospects of a production cut by OPEC at a meeting this week. The global financial crisis, which helped send U.S. fuel use to the lowest since 1999, is spreading to emerging markets. OPEC, supplier of more than 40 percent of the world's oil, will decide on Oct. 24 to lower output by 1 million barrels a day, according to a Bloomberg survey. ``The market is more concerned about slowing demand than OPEC right now,'' said Phil Flynn, senior trader at Alaron Trading Corp. in Chicago. ``Any OPEC cut will probably be outpaced by the rate demand is falling.'' Crude oil for December delivery declined $3.50, or 4.9 percent, to $68.68 a barrel at 9:05 a.m. on the New York Mercantile Exchange. Futures touched $68.48, the lowest since June 27, 2007. Prices, which have tumbled 53 percent since reaching a record $147.27 on July 11, are down 21 percent from a year ago. Argentina's planned seizure of $29 billion of private pension funds stoked concern the nation is heading for its second default in a decade. President Cristina Fernandez de Kirchner's decision hurt markets already reeling from slumping commodity prices and slower growth. U.S. gasoline demand dropped 6.4 percent last week from a year earlier, the 26th consecutive weekly decline, a MasterCard Inc. report showed yesterday. Fuel demand in the U.S. averaged about 18.6 million barrels a day during the four weeks ended Oct. 10, the lowest since June 1999, according to an Energy Department report last week. The department is scheduled to release its report on U.S. supply in the week ended Oct. 17 at 10:35 a.m. today in Washington. Higher Inventories The report will probably show that crude oil inventories climbed 2.65 million barrels in the week ended Oct. 17, the fourth-straight weekly gain, according to the median of responses in a Bloomberg News survey. The Organization of Petroleum Exporting Countries may disregard pleas from oil-consuming nations on the brink of recession and cut output this week, a Bloomberg survey showed. Thirty of 33 analysts surveyed yesterday and today forecast that OPEC will lower production by 1 million barrels a day or more
A lesson that we all, the West and the East, should learn.
relations from Johns Hopkins University, spent more than two decades climbing Iceland's political ladder. He entered parliament in 1987, became finance minister in 1998 and Independence Party chairman in 2005. He assumed the premiership in 2006. When Oddsson was prime minister and Haarde was finance minister, the government began selling the biggest state-owned banks, cut taxes and otherwise sought to free the economy from ``the shackles of political intervention,'' as an October 2001 government report put it. Eliminating Distortions The government promoted asset sales to ``increase economic efficiency by eliminating the distortions inherent in state- ownership,'' Haarde said in February 2003. This contrasted with the Scandinavian welfare-based, high-tax programs of Norway, Sweden and Denmark. The tax cuts reduced 2007 revenue -- about $7.8 billion -- to 41.4 percent of the economy, compared with 48.9 percent in Denmark and 48.2 percent in Sweden, according to the Organization for Economic Cooperation and Development. Freed of government control, banks racked up debt that grew to 12 times the size of the economy, most of it in foreign currency loans they now can't afford to repay. The banks in turn lent to entrepreneurs, including 40-year- old Jon Asgeir Johannesson, chairman of retail investor Baugur Group hf. His company bought stores including Hamleys toy shop and clothing retailer Karen Millen, and now Johannesson is trying to sell parts of his business to raise cash and offset some of the debt held in Iceland's collapsed banks. `Scar on Our Souls' Much of the Icelanders' anger is directed at Oddsson, a lawyer by training, who spearheaded the sale of the banks. ``The governors of the central bank have failed miserably, and there are vocal demands now from all directions for their removal,'' said Gylfason. ``Precious time has been lost.'' Sigfusson, the opposition leader, agrees the bank made mistakes, though says the ``overall responsibility'' lies with Haarde. ``It would be too cheap for the government just to point to one official and get rid of him,'' he said. ``It's going to be a scar on our souls for a long time.'' --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: News and comments about China´s economy
My comment: Excellent news. Growth is slowing down as a consequence of global slow down and Chinese fight against inflation. But its pace, 9% in Q3, is still really high. Investments are strong enough to sustain development. Investment in urban areas grew 27.6 percent to 9.9871 trillion yuan, 1.2 percentage points higher than the same period of last year, and rural fixed assets investment rose 23.3 percent to 1.6375 trillion yuan, 2.1 percentage points higher. Good news, investments in rural areas grew faster than in urban areas, probably it means that the fight to trimm inequalities between urban and rural areas are producing good results. China's CPI rises 4.6% in September http://news.xinhuanet.com/english/2008-10/20/content_10222532.htm China's GDP up 9.9% in Jan.-Sept. period, 9 percent for the third quarter http://news.xinhuanet.com/english/2008-10/20/content_10222493.htm China's fixed assets investment up 27.0% in 1st three quarters http://news.xinhuanet.com/english/2008-10/20/content_10222671.htm Peace and best wishes. Xi On Oct 15, 3:24 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: My comment: It means that if China is the engine of global growth, to keep it on track despite global crisis is contribution enough to the global economy. China airs resolve to keep economy in good shapehttp://news.xinhuanet.com/english/2008-10/14/content_10195060.htm BEIJING, Oct. 14 (Xinhua) -- China on Tuesday reaffirmed its resolve to keep its economy on track amid the global financial turmoil. In a meeting with visiting U.S. Senator Chuck Hagel, Vice Premier Wang Qishan said the financial crisis, triggered by the U.S. credit crunch, had exerted a grave impact on the global financial market. As a responsible country, China has always valued the communication and cooperation with other nations to ensure world financial and economic stability. Wang said China would make great efforts to keep its economy on the right track, which would be the country's greatest contribution to the world. China had implemented and would continue measures to ensure the stability of finance, economy and the capital market, he said, referring to a package of new policies to spur economic growth. The central bank cut interest rates on Sept. 15 for the first time in six years. The People's Bank of China, the central bank, announced the deposit and lending rates would be lowered by 0.27 percentage points and the reserve-requirement ratio would be reduced 0.5 percentage points starting Oct. 15. With tools at our disposal, we are confident and capable of prevailing over the overall difficulties and challenges, Wang told Hagel. He added the overall bilateral relations of the two countries had moved forward and become increasingly interdependent since forging diplomatic ties in 1979. To promote China-U.S. ties was in the fundamental interests of the two nations, he said. Wang proposed the two deepen a strategic trust and take a candid and pragmatic approach in addressing differences. They should work more closely on economy, trade, investment, energy, environment and high-tech. He also urged the United States to observe the three joint communiques, refrain from anything harmful to bilateral ties and the stability of the Taiwan Straits, so as to ensure the sound and steady progress of bilateral constructive cooperation. As all nations were becoming more connected, Hagel, a Republican senator from Nebraska, said the stronger cooperation between the United States and China would help ensure world financial and economic stability. On Oct 14, 3:33 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: My comment: Thanks to the drop of commodity prices, price inflation will be under control. Because of that, and because global slow down, we can and have to focuss our effort on development. Not just on growth but on a certain type of growth. I already posted about what sort of consumption we can address (mostly services, rural development, etc.). The main decissions of the CC of the CPC target it, to enhance healthcare, to develop rural areas, education, environmental opportunities, consumption. Lot of work ahead. China's Trade Surplus Widens to Record $29.3 Billionhttp://www.bloomberg.com/apps/news?pid=newsarchivesid=aX4Pl63eHKbA On Sep 15, 11:30 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: As expected, China's central bank reduces credit interest rate, reserve requirement ratiohttp://news.xinhuanet.com/english/2008-09/15/content_10011166.htm It will allow banks to improve their profit and loss account, as 17.5% was extremely high. If price inflation goes down and down as expected, we should expect more cuts of rates. Also, it will release the economy a little bit. But not much. Higher taxes will keep growth at a healthy 9%-10%. Higher would be too risky as commodities
(Never too late for good news) Stock Manipulation Probe Launched After Prices Spike
sold on a distressed basis to meet margin calls,'' Byron Wien, a former Morgan Stanley strategist who now helps oversee $7 billion at Westport, Connecticut-based Pequot Capital Management Inc., wrote in an Oct. 15 report. Fairfield, Connecticut-based GE, the world's fifth-biggest company by market value, closed at $21.50 on Oct. 10, up 4.3 percent from the midpoint of the last bid and ask quotes. Before 2008, the stock hadn't gained or lost that much in a full day of trading since March 2003, according to Bloomberg data. Also on Oct. 10, Oak Brook, Illinois-based McDonald's rallied 14 percent in the final hour of trading, climbing from $50.55 to peak at $57.78 as orders poured into the NYSE's closing auction. Even though the stock was last quoted at about $55.55, the shares fell in the final trade to close at $53.35 for a daily gain of 2.4 percent. ``If you see unstable prices, it makes you not want to invest,'' said Barry Savitz, senior managing partner at Stamford, Connecticut-based Greenwich Prime Trading Group, which trades for hedge funds. ``That's not investing, it's gambling.'' --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: While Krugman is awarded. CCP to strength the rural China
My comment: It is difficult to skip some economic and social phases. While the property of land is and will remain collective, at least as long as I can foresee, efficient use of arable land requires flexibility. If someone cannot work on land along a certain period of time he or she should have the right to lease such land (or rather to lease the right to work such land) to someone else at a reasonable price. As usual, Sichuan 30 years ago, led the use of land (not land property) from collective to individual. t triggered the devopment of Chinese economy while in the industrial side Hong Kong and overseas Chinese triggered exports. Now again, Sichuan, and more in particular Chengdu area, leads industrialization of food processing. Their experimental work has reached great success, hopefully the rest of the country will reach similar success now. It requires both the cooperative effort (what in English might be called rural unions) as well as individual investments that only releasing some people from rural work can be achieved. This rule that the CCP approves intends to permit this inmense transformation. Peace and best wishes. Xi China liberalizes farmers' land use right to boost rural development http://news.xinhuanet.com/english/2008-10/19/content_10218172.htm BEIJING, Oct. 19 (Xinhua) -- The Communist Party of China (CPC) issued a landmark policy document on Sunday to allow farmers to lease their contracted farmland or transfer their land-use right to boost the scale of operation for farm production and provide funds for them to start new businesses. The Decision on Major Issues Concerning the Advancement of Rural Reform and Development was approved by the CPC Central Committee on Oct. 12 at a plenary session. According to the full text of the document, markets for the lease of contracted farmland and transfer of farmland use rights shall be set up and improved to allow farmers to sub-contract, lease, exchange and swap their land use rights, or joined share-holding entities with their farmland. Such transfers of land-use rights must be voluntarily participated by farmers, with adequate payment and in accordance with the law, the CPC Central Committee said. According to domestic law, farmland is collectively owned, but meted out to farmers in small plots in long term leasing contracts. The new measures adopted are seen by economists as a major breakthrough in land reforms initiated by late leader Deng Xiaoping 30 years ago, which will avail farmers of opportunities to conduct scale management and new business operations. When the document was drafted, some have argued that the new policy might create a few landlords and many landless farmers who will have no means for a living. And arable lands to be used for non- farming purposes, might threaten the country's food safety. To ease such fears, the CPC Central Committee also provided in the document that the country would carry out the most stringent farmland protection system and urged local authorities to firmly safeguard the 1.8 billion mu (120 million hectares) minimum farmland set line. China is facing a sharp conflict between land supply and demand. The area of arable land shrank 610,100 mu in 2007 to 1.826billion mu, only slightly above the government's set target. The CPC Central Committee also called on local governments to stick to the most stringent land conservation system to strictly ontrol the total scale of the land used for urban development. The government would strive to double the per-capita disposable income of rural residents from the 2008 level to more than 1200 U.S. dollars by 2020, the Party document said. China will unswervingly stick to and improve the household contract responsibility system that entrusts the management and production of publicly-owned farmlands to individual households through long-term contracts, according to the document. The CPC Central Committee also urged more support be given to quicken the development of special rural cooperatives. This was in a bid to turn them into modern agricultural organizations to guide farmers to participate in domestic and global market competition. The committee also promised to revise relevant laws to regulate and push forward the rural land management system reform in a normative manner. On Oct 13, 5:09 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: My comment: It could not be a better day thatn today, when Prof. Krugman is awarded with the Nobel prize for his contribution to explain the urban phenomenon, to spread the decission of the CC of the CPC made this former weekend to strength development of rural areas in China. What Prof. Krugman taught is probably rigorously true. It just proves the giant effort that is necesary to create in Chinese rural areas similar standard of life than in Chinese urban areas as soon as in 2020. And also the giant effort to move China from a mass production, low
William Engdahl about Europe.
My comment: I am not familiar with the Eastern Europe perspective. Probably Antidefm is much better informed. About Western Europe, I think that William Engdahl is partly correct. I know from what I perceive and talk that another important share of European economists, and people in general, see those financial failures are a result of lack of professional skills at the other side of the ocean and ingenuity (as premier Brown told) at this side of the ocean. I do not know how much percentage would vote for curruption and how much for lack of professional skills. I must say that once the rest of the world took control of the situation last days, the sentiment improved a lot. People in Western Europe now know that that this crisis will have an strong influence in Europe, but they trust that people around the world will handle it since now on. Therefore, although Europeans are furious, that is true, it is also true that it is also mixed with some sort of disdain, a sentiment of never again. We have to understand that somehow, they also have looked ridiculous before their public opinion because they trusted too much, too long on their American colleagues. I have not been in touch very much with Chinese people lately, but through the very little information that I have exchanged, IMO lack of professional skills is perceived as the basic reason, rather than corruption. http://www.youtube.com/watch?v=ivVhuj6Klo0 http://www.youtube.com/watch?v=90PlRqCgAtY Peace and best wishes. Xi --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: Brown showers his nation with lies against OPEC
I applaud OPEC if they produce as much oil as the world demands, no aditional barrel. If they produce some barrels below such level I would applaud harder, as it would help to develop renewable energy. Did you read something about the oil bank? Venezuela, Russia and Iran agreed. It sounds to me as a sovereign wealth fund rather than a bank, but not sure. Thank you for the article. (Sumerian) Peace and best wishes. Xi On Oct 17, 10:51 pm, Sumerian.. [EMAIL PROTECTED] wrote: Most if not all of Middle East OPEC countries are pro American, that is how and why when Brown states such an insult against OPEC, he knows that no one will respond. There is enough oil and even more than the world demand in the market which was pumped based on west pressure on OPEC. Oil prices are set on daily bases in London. London increased oil prices to US150/bbl only to donate the poor moneys to the western Oil Companies. There is a lot of intentional baffling to the public by these below irresponsible statements. And I say why not the nation of England condemn Brown for his criminal solution of helping ailing thief banks by the money of the people. S1000+ Brown condemns OPEC move to cut supply (RTTNews) - British Prime Minister Gordon Brown said it was absolutely scandalous that the Organization of Petroleum Exporting Countries (OPEC) is planning a meeting to consider cutting oil production in a move to drive prices higher. Accusing the oil cartel of manipulating prices, he said his government would certainly try and prevent this happening. It is feared that a ministerial-level meeting of OPEC members will vote to reduce supplies to reverse the trend that has seen a sharp fall in oil prices lately. Worries about weakness in the global economy, spurred by the recent financial crisis, have pushed oil prices to around $70 per barrel, well off the all-time high of more than $140 set earlier this year. Oil prices rebounded Friday above $71 a barrel on speculation that next week's emergency meeting of the crude producers' cartel may decide to reduce output. The OPEC meeting, originally scheduled for next month, was advanced to October 24 to discuss the global financial crisis and its impact on the oil market. Speaking to business leaders in Nottingham Friday, Brown attributed the price rise to forecasts that said demand would exceed the supply in long-term. People thought, looking ahead, that there was no way other than the price going up, he said. He called upon oil firms to pass on the benefit of price falls to the consumers. He urged oil giants such as Esso and Total to reduce the price of unleaded petrol to less than a pound for a liter, as done by supermarkets. Wednesday, Britain's supermarket networks Asda and Morrisons slashed the price of unleaded petrol to 99.9 pence a liter, the first time since last December that petrol has been under £1 - the equivalent of about $1.73- in the country. Brown said he wants to reduce Britain's dependence on oil. We don't want to be dependent on unstable regimes or regimes that want to dictate the terms of the oil they are providing for reasons other than commercial. The retail price rates of petroleum products remain the same in most of the countries even after the global trade prices of crude more than halved from a peak of around $147 per barrel, marked in July. The almost daily-diminishing prices slashed the cartel's revenues considerably. OPEC members such as Iran and Ecuador, which are heavily dependent on oil revenues, want production to be cut to minimize the prospect of prices falling any further. If what Qatar's energy minister Abdullah bin Hamad Al Attiyah said Friday is an indicator, OPEC will cut oil output by at least one million barrels a day, which, in turn, is expected to reflect in an upward trend in prices. For comments and feedback: contact [EMAIL PROTECTED]://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20081017\ACQRTT200810171409RTTRADERUSEQUITY_0875.htmmypage=newsheadlinestitle=Brown%20condemns%20OPEC%20move%20to%20cut%20supply === S1000+ === __ Do You Yahoo!? Tired of spam? Yahoo! Mail has the best spam protection aroundhttp://mail.yahoo.com --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: Cherrypickism spreads in USA.
I prefer not make any comment, obviously. I understand your message and your feelings, of course. Peace and bnest wishes. Xi On Oct 16, 10:37 pm, Justice [EMAIL PROTECTED] wrote: How sweet that the government wouldn't even secure the price of the stock -- instead letting it rise and costing the taxpayers millions more just to purchase the shares. NOTHING THEY DO IS FOR THE COMMON MAN. Every turn to share in the wealth always causes them to favor the wealthy. Paulsen made the announcement today and should have said WE WILL PURCHASE THE STOCK AT TODAY'S PRICES. They already have access to cheap money from the Fed. In fact they MUST take money from the fed so as to encourage other banks to follow suit. If they don't Bernanke threatened them with limited and/or expensive access to funds in the future. The increased share price means we pay more initially -- what keeps CEOs and others from selling as the price rises and before the US government actually purchases the shares? He announces today but it doesn't take effect for 12 days -- plenty of time to make a fortune. And if CEOs want to limit their income because it doesn't look nice -- they simply write deals to purchase stock below the price of today and watch as the share price rises over next 12 days. SCUM OF THE EARTH PAULSEN -- Dante has a place for him. May he reach it sooner than later. On Oct 14, 11:35 am, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: Paulson Anticipates Buying Stakes in Thousands of U.S. Bankshttp://www.bloomberg.com/apps/news?pid=20601087sid=avTU6YuLG_Mwrefe... Oct. 14 (Bloomberg) -- Treasury Secretary Henry Paulson plans to use $250 billion of taxpayer funds to purchase stakes in thousands of financial firms to halt a credit freeze that threatened to bankrupt companies and hammer the job market. ``Leaving businesses and consumers without access to financing is totally unacceptable,'' Paulson said in Washington. He rolled out the emergency program after a crisis of confidence in the financial system last week spurred the biggest stock sell- off since 1933. Paulson urged companies getting the government funds to ``deploy'' the money in loans. The Treasury chief was forced to change tack from an initial plan to buy distressed assets from banks after the financial panic caused banks to hoard cash and send money market rates to record levels. In its biggest effort yet to halt the 14-month credit rout, officials will also offer guarantees on new bank debts and start purchasing commercial paper in two weeks. The Treasury's stock buying program will begin with nine banks, which it didn't name. People briefed on the matter said $125 billion will be put in the nine: Citigroup Inc., Goldman Sachs Group Inc., Wells Fargo Co., JPMorgan Chase Co., Bank of America Corp., Merrill Lynch Co., Morgan Stanley, State Street Corp. and Bank of New York Mellon Corp. ``These are healthy institutions, and they have taken this step for the good of the U.S. economy,'' Paulson said. ``These institutions, along with thousands of others to come, will have enhanced capacity to perform their vital function of lending,'' President George W. Bush's working group on financial markets said in a separate statement. White House Meeting Bush today said ``this is an essential short-term measure to ensure the viability of the U.S. banking system,'' after meeting with Paulson, Federal Reserve Chairman Ben S. Bernanke and other members of the working group, which includes the Securities and Exchange Commission and Commodity Futures Trading Commission. Stocks rose around the world on expectations the rescue will help alleviate the credit crisis. The Standard Poor's 500 Stock Index gained 3.1 percent to 1,034.14 at 9:42 a.m. in New York after climbing 12 percent yesterday. The index lost 18 percent last week. With the equity purchases, Paulson is using more than a third of the $700 billion in government support Congress gave him the authority to use on Oct. 3. Participating banks will need to accept limits on executive pay and so- called golden parachute payments. They also will need to give the Treasury warrants for an amount equal to 15 percent of the senior preferred investment, with a strike price determined by the bank's share price at the time of issuance. Dividend Payments The senior preferred shares will pay a dividend of 5 percent for the first five years and 9 percent after that, the Treasury said. The purchase price of the stock will be the market price of the banks' common shares at the time of the transaction. Companies will be able to buy back the equity at par after three years. The government expects to purchase equity in the nine banks within days and to use the full $250 billion by year-end, a Treasury official told reporters on condition of anonymity. While banks would not be forced to cut
The railway effort
My comment: It is very important, and now authorities worldwide should see it easier after Prof. Krugman was awarded with the Nobel prize. The second news (Beijing-Hebei railway network) is very important for the area and for me too. It does not reaches my hometown, but it will be close enough. :) China to Push Ahead With Rail IPOs to Fund Expansion (Update1) http://www.bloomberg.com/apps/news?pid=20601087sid=aaolpLxEl6tErefer=home Beijing, Hebei to build high speed rail network http://www.chinadaily.com.cn/bizchina/2007-07/10/content_5425063.htm Beijing Municipality and Hebei Province are to collaborate on a new passenger railway network capable of speeds of 250 up to 350 kilometers per hour before the end of the 11th Five-Year Plan period (2006-2010). In total, the 82.6 billion yuan (US$10.9 billion) network will add 844 kilometers of rail, including high speed and passenger railway and will cover parts of the Beijing-Shanghai, Beijing-Guangzhou, and Tianjin-Qinhuangdao lines. From its center in Beijing, the railway network will spread in every direction to cities nearby, including Baoding, Shijiazhuang, Langfang, Tangshan, Qinhuangdao, and Zhangjiakou. The network will also connect with the high speed passenger railway in Taiyuan, Shanxi Province. The existing railway inside Hebei Province, which is also currently under transformation, will soon be able to travel at speeds of between 160 and up to 200 kilometers per hour. --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Iceland
Iceland can be an early example of the situation and what awaits ahead in economies very dominated by the financial system or developed economies if we do not stop this crisis. Oct. 14: Iceland's benchmark stock index dropped 77%, its biggest decline on record, as trading resumed after a three-day suspension and the nationalization of the country's 3 largest banks, whose assets are 12 times Iceland's economy. Iceland may ask for a loan from the IMF in addition to opening formal talks to borrow as much as EUR4 billion ($5.5 bn) from Russia; such a loan would bolster the Central Bank's fx reserves and stabilize the krona exchange rate Pension funds were urged to repatriate overseas assets, while banks have been asked to help solve their liquidity problems by selling foreign assets and government has sought loans from Nordic central banks Govt fully guaranteed domestic bank deposits Iceland Holds Talks With Russia on $5.5 Billion Loan (Update1) http://www.bloomberg.com/apps/news?pid=newsarchivesid=aVNt_HM4FeSY --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
For my friends: Please, stay in crisis mode.
The rebound of the stock markets, maybe unfreeze of credit markets, etc. might give the perception that the crisis is over. I post yesterday an interview where the recent Nobel prize, Prof. Krugman, states very clearly that this is just the begining. I posted the predctions from the IMF for 2008 and 2009, optimistic as usual. Banks and think tanks are much more pessimistic. As many economists say, and Nouriel Roubini described clearly on July 6th. 2008, the coming end game of Bretton Woods 2, we most agree that we are changing the whole financial system. Many among them agree that we are also changing the whole economic model. And US in particular, has to make a third change, its own economic model based on cheap oil and its domestic inbalances in federal budgets, consumption vs. savings, foreign trade, etc. Those changes are are giant efforts that take lot of effort, lot of funds and lot of time. I mean, this is just the begining. The year of the rat. The tide rises, new waves higher and higher will come soon. Save, try to produce food at home as much as posible, etc. same advise than usual. Peace and best wishes. Xi --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008. for his analysis of trade patterns and location of economic activity
International Trade and Economic Geography Patterns of trade and location have always been key issues in the economic debate. What are the effects of free trade and globalization? What are the driving forces behind worldwide urbanization? Paul Krugman has formulated a new theory to answer these questions. He has thereby integrated the previously disparate research fields of international trade and economic geography. Krugman's approach is based on the premise that many goods and services can be produced more cheaply in long series, a concept generally known as economies of scale. Meanwhile, consumers demand a varied supply of goods. As a result, small-scale production for a local market is replaced by large-scale production for the world market, where firms with similar products compete with one another. Traditional trade theory assumes that countries are different and explains why some countries export agricultural products whereas others export industrial goods. The new theory clarifies why worldwide trade is in fact dominated by countries which not only have similar conditions, but also trade in similar products – for instance, a country such as Sweden that both exports and imports cars. This kind of trade enables specialization and large-scale production, which result in lower prices and a greater diversity of commodities. Economies of scale combined with reduced transport costs also help to explain why an increasingly larger share of the world population lives in cities and why similar economic activities are concentrated in the same locations. Lower transport costs can trigger a self-reinforcing process whereby a growing metropolitan population gives rise to increased large-scale production, higher real wages and a more diversified supply of goods. This, in turn, stimulates further migration to cities. Krugman's theories have shown that the outcome of these processes can well be that regions become divided into a high- technology urbanized core and a less developed periphery. On Oct 13, 4:37 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: Paul R. Krugman http://wws.princeton.edu/people/display_person.xml?netid=pkrugman; Title: Professor of Economics and International Affairs Area(s): International trade/finance Urban economics Japan The author or editor of dozens of books and several hundred articles, primarily about international trade and international finance, Krugman is also nationally known for his twice-weekly columns in The New York Times and his monthly columns in Fortune Magazine and Slate. He was the Ford International Professor of International Economics at the Massachusetts Institute of Technology and has served on the U.S. Council of Economic Advisers. He was the recipient of the 1991 John Bates Clark Medal, an award given every two years by the American Economic Association to an economist under 40. Ph.D. Massachusetts Institute of Technology. On Oct 13, 4:19 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: http://nobelprize.org/nobel_prizes/economics/laureates/2008/ --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
While Krugman is awarded. CCP to strength the rural China
My comment: It could not be a better day thatn today, when Prof. Krugman is awarded with the Nobel prize for his contribution to explain the urban phenomenon, to spread the decission of the CC of the CPC made this former weekend to strength development of rural areas in China. What Prof. Krugman taught is probably rigorously true. It just proves the giant effort that is necesary to create in Chinese rural areas similar standard of life than in Chinese urban areas as soon as in 2020. And also the giant effort to move China from a mass production, low value goods to an harmonious society as soon as in 2020. Only through a new civilization, using different patterns this giant effort is feasible. China aims to double income of rural residents in 12 years http://english.peopledaily.com.cn/90001/90776/90785/6513622.html CPC closes major meeting with decision on rural reform, development http://english.peopledaily.com.cn/90001/90776/90785/6513620.html CPC solicits opinions from non-Communist parties on rural reform, development http://english.peopledaily.com.cn/90001/90776/90785/6514278.html These three articles are official. Peace and best wishes. Xi --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Fed Releases Flood of Dollars through Europe without swap.
, Paul Krugman said the U.K.'s ``combination of clarity and decisiveness hasn't been matched by any Western government.'' U.S. Proposal The U.S. Treasury today fleshed out its new proposal to buy stakes in financial firms. The program will be optional and aimed at ``healthy firms,'' Treasury Assistant Secretary Neel Kashkari, who oversees the $700 billion rescue package, said in a speech in Washington. U.S. Treasury Secretary Henry Paulson has identified purchasing stocks as his top priority. The U.S. may now have to match Europe in guaranteeing interbank loans, said Win Thin, an economist at Brown Brothers Harriman Co. in New York. ``It would appear that it has no choice but to follow suit,'' he said. The collapse of New York-based Lehman Brothers Holdings Inc. precipitated the latest chapter of the 14-month crisis, causing banks to stop lending to each other out of concern they may not get their money back. The world's largest financial companies have posted more than $635 billion in writedowns and credit losses since the start of last year after the U.S. housing market slumped. Today's move by central banks is ``another welcome measure,'' said Ross Walker, an economist at Royal Bank of Scotland in London. ``We'll have to see what comes out of it. We all expect more rate cuts, whether they're coordinated or not is another matter.'' --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008. for his analysis of trade patterns and location of economic activity
Vid http://www.youtube.com/watch?v=kjgZQKU6_Ec On Oct 13, 4:49 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: Official web pagehttp://web.mit.edu/krugman/www/ On Oct 13, 4:37 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: International Trade and Economic Geography Patterns of trade and location have always been key issues in the economic debate. What are the effects of free trade and globalization? What are the driving forces behind worldwide urbanization? Paul Krugman has formulated a new theory to answer these questions. He has thereby integrated the previously disparate research fields of international trade and economic geography. Krugman's approach is based on the premise that many goods and services can be produced more cheaply in long series, a concept generally known as economies of scale. Meanwhile, consumers demand a varied supply of goods. As a result, small-scale production for a local market is replaced by large-scale production for the world market, where firms with similar products compete with one another. Traditional trade theory assumes that countries are different and explains why some countries export agricultural products whereas others export industrial goods. The new theory clarifies why worldwide trade is in fact dominated by countries which not only have similar conditions, but also trade in similar products – for instance, a country such as Sweden that both exports and imports cars. This kind of trade enables specialization and large-scale production, which result in lower prices and a greater diversity of commodities. Economies of scale combined with reduced transport costs also help to explain why an increasingly larger share of the world population lives in cities and why similar economic activities are concentrated in the same locations. Lower transport costs can trigger a self-reinforcing process whereby a growing metropolitan population gives rise to increased large-scale production, higher real wages and a more diversified supply of goods. This, in turn, stimulates further migration to cities. Krugman's theories have shown that the outcome of these processes can well be that regions become divided into a high- technology urbanized core and a less developed periphery. On Oct 13, 4:37 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: Paul R. Krugman http://wws.princeton.edu/people/display_person.xml?netid=pkrugman; Title: Professor of Economics and International Affairs Area(s): International trade/finance Urban economics Japan The author or editor of dozens of books and several hundred articles, primarily about international trade and international finance, Krugman is also nationally known for his twice-weekly columns in The New York Times and his monthly columns in Fortune Magazine and Slate. He was the Ford International Professor of International Economics at the Massachusetts Institute of Technology and has served on the U.S. Council of Economic Advisers. He was the recipient of the 1991 John Bates Clark Medal, an award given every two years by the American Economic Association to an economist under 40. Ph.D. Massachusetts Institute of Technology. On Oct 13, 4:19 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: http://nobelprize.org/nobel_prizes/economics/laureates/2008/ --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Some music that I like
Jay Chou has worked as an actor in several movies. One with Zhang Yimou, one of my heroes. And the creator of the openning and closing ceremonies at Olimpics in Beijing 2008. Here are some picture from that movie The curse of the golden flower. http://www.imdb.com/media/rm1534564608/tt0473444?slideshow=1 This is a song that I like very much. Blue and white porcelain. By Jay Chou. http://www.youtube.com/watch?v=jsrz0VnEZnM another vid for the same song http://www.youtube.com/watch?v=AMHuRzqfmgg Translation into English su pei gou le chu qing hua bi feng nong zhuan dan The brush outlines a beautiful pattern, brush strokes becoming lighter ping shen miao hui de mu dan yi ru ni chu zhuang The peony on the bottle, simplest beauty, just like you ran ran tan xiang tou gou chuang xin shi wo liao ran Whiffs of incense smoke bring your troubles to my heart xuan zhi shang zou bi zhi ci ge yi ban I pause halfway while painting you se xuan ran shi nv tu yun wei bei si cang The glazing of the lady's portrait hides her charm er ni yan ran de yi xiao ru han bao dai fang Your smile, to me, like a budding flower ni de mei yi lv piao san / qu dao wo qu bu liao de di fang But your beauty dissipates like smoke, to a place I can never reach *tian qing se deng yan yu / er wo zai deng ni The perfect shade of blue awaits the right weather, like how I wait for you chui yan niao niao sheng qi / ge jiang qian wan li From a thousand miles away, I gaze at the curling chimney smoke zai ping di shu han li fang qian zhao de piao yi The calligraphy beneath the bottle, elegance of the Han Dynasty jiu dang wo wei yu jian ni fu bi Our meeting I foreshadowed **tian qing se deng yan yu / er wo zai deng ni The perfect shade of blue awaits the right weather, like how I wait for you yue se bei da lao qi / yun kai liao jie ju The moonlight smudged away the remnants of our ending ru zhuan shi de qing hua ci zi gu zi mei li / ni yan dai xiao yi Like legendary porcelain obsessed with itself, your eyes full of laughter se bai hua qing de jin li yue ran yu wan di Those blue carp seem to come alive on the white bowl lin mo song ti luo kan shi que dian ji zhe ni While I am imitating the Song inscription I'm thinking of you ni yin cang zai yao shao li qian nian de mi mi The eon of secrets you buried in the kiln ji xi ni you ru xiu hua zhen luo di It's exquisiteness like an embroidery needle lian wai ba jiao re zhou yu men huan re tong lv The banana tree outside brought the sudden downpour, and in turn the copper rust on the door handle er wo lu guo na jiang nan xiao zhen re le ni My passing by Jiangnan brings me to you zai po mo shan shui hua li / ni cong mo se shen chu bei yin qu Yet you fade away into the deep abyss of the Chinese painting translation from http://www.youtube.com/watch?v=NtMnmMC_MRk I like Naruto, Haruno Sakura, and the heroes from Konoha, but for this song I prefer the vid that I linked first. I hope you like it too. Peace and best wishes. Xi --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups World-thread group. To post to this group, send email to world-thread@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~--~~~~--~~--~--~---
Re: Damn you Xi!!
Great story ! Thank you :) You are right. Some people does not realize how much valuable is their basic expertise such as fishing or farming. Peace and best wishes. Xi On Oct 13, 12:06 am, Mercury.Sailor [EMAIL PROTECTED] wrote: But do you know how to grow grain? LOL That sounds like more work than fishing!! When my son was 10 years old, During that summer I took him to Lake Norman(Its one of the largest Lakes in my state) Almost every day to try and catch a fish. People told me to try this and that, Not one little fish did we catch the whole summer! Then we went to Florida in Sept. We went deep sea fishing(A charted boat with a fish radar that finds school of fish, They stop right above and you drop your fishing line) Well, everyone was catching fish but my son, He looked so disappointed. I knew I had a fish at the end of my line, So I told my son that I think he has the bad luck fishing pole, So I said; lets trade, A few seconds later I said maybe you need to reel your line in and there it was, a big fish! I never thought fishing was something that needed to be taught, but once my son felt that fish at the end of his pole he just kept reeling them in. On Oct 12, 5:55 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: Right and the newly educated fisherman can provide me fish, it gives me time to produce grain and sell grain to him. We both can cooperate in such way. LOL Peace and best wishes. Xi On Oct 12, 11:44 pm, Mercury.Sailor [EMAIL PROTECTED] wrote: Charity is not the answer. The answer are those sorts of economic strucutres. For example, you know Muhammad Yunus, one of my heroes :) Yes, he is great. One of the Elders! :o) Teach a man to fish and he will eat for a life time. On Oct 10, 3:01 pm, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: Maybe we are not taught to combine selfishness and selflessness. Not always, but most times, there is a way where both meet through cooperation, mutually beneficial deals, etc.Selfushness is as bad as selflessness. Only both combined bring good for all. This is another example of the evil asymmertric information. There is a great article about such topic written by nobel prize in economics George Akerlof titled The market for lemons: Quality uncertainty and the market mechanism available at a certain cost, but an abstract is here.http://www.jstor.org/pss/1879431 It shows how in many circumstances, selfishness ruins all agents in a certain market. Also, we are not taught how the wealth that we create locally brings wealth to many other places around the world. Sometimes we believe that the economy is a zero sum game, if one wins someone else must lose, that is not true. That can be true or not depending on how we create such wealth. But, always, the best way is in cooperation mode. I can help the undernourished kids that we see in that video while I gain myself. If I do it in the right way, once those kids (or rather adults) create wealth for them, I will get benefit from their wealth as well, in a mutually beneficial and sustainable cycle. Charity is not the answer. The answer are those sorts of economic strucutres. For example, you know Muhammad Yunus, one of my heroes :) Peace and best wishes. Xi On Oct 10, 8:22 pm, Mercury.Sailor [EMAIL PROTECTED] wrote: Sad world we live in. One time my older son said these words to me regarding his disabled brother.. Mom, Kevin is so lucky. I said what do you mean? He said, Well, Kevin never has to worry about where he will live, what he will eat, school, or money, He doesnt even have to worry about wiping his own butt. I was taken back by what my son had said, Because I had never thought about it the way my son did. So, I answered him and said you are so right, But, would you want to trade places with your brother, Of course he said, No! Kevin doesnt know about injustice in our world, And I think thats a good thing! But MOST of us do see the pain and suffering in this worldAnd yet, some close a blind eye to what we see, Why? How can anyone not care about people? What makes people become so callous? I dont think we are born callous, I believe this is something that is learnt. On Oct 10, 10:34 am, [EMAIL PROTECTED] [EMAIL PROTECTED] wrote: Thank you very much ! Good to know that you like it. (Mercury) Peace and best wishes. Xi On Oct 10, 5:03 am, Mercury.Sailor [EMAIL PROTECTED] wrote: http://www.youtube.com/watch?v=_hylxONK3Es You have a way to bring me back to reality and to see what is real important in this life! You are an amazing person, Thanks!- Hide quoted text - - Show quoted text -- Hide quoted text - - Show quoted text -- Hide quoted text - - Show quoted
