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Category Archives: politics
In forthright remarks on the intertwined nature of US and Chinese finances, Wen told a news conference he was “worried” about Beijing’s holdings of American government debt. Analysts believe China has $1trn (£716bn) of US treasury bills in its coffers, implying a delicate balance between two powers whose fortunes are interlinked.
“We have lent a huge amount of money to the US. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” In rare comments on another country’s financial health, he added: “I’d like to take this opportunity here to implore the United States … to honour its words, stay a credible nation and ensure the safety of Chinese assets.”
I’m worried too Wen.
McClatchy Newspapers) adds this:
Still, Wen’s criticism reflects a misunderstanding of China’s own risks. In questioning the U.S. ability to make good on its debts, China threatens to undermine the value of the very assets it’s holding.
“In a formal sense, China has lent money to the United States because they bought our Treasury paper … but in reality China is holding its international reserves, its international cash, in the safest place possible because that is in its best interests,” Keidel said of China’s dollar reserves. “The U.S. has a long track record of financial responsibility to guard against the kind of inflation that would threaten” China’s holdings.
The flap over Wen’s remarks also underscores how interconnected the world’s two economic engines have become.
“It shows us how interlinked our economies are and long term, if China did start selling Treasuries, it could be hurting itself, since the value of the rest of the Treasuries could go down,” Schrage said. “We’re really in the same boat on many of these issues.”
China’s Xinhua News agency didn’t exactly ignore today’s 50th anniversary. It was briefly mentioned in an otherwise rosy travelogue:
LHASA, March 10 (Xinhua) — Norbu Lingka, in western Lhasa, was the last residence for the 14th Dalai Lama before he started his life in exile following a failed armed rebellion in 1959.
Traces of the turmoil have faded over the past five decades in the fast-changing Tibet and can hardly be spotted in the tranquility of early spring in the garden park.
And buried somewhere near the end:
Fifty yeas ago, the upper ruling class in Tibet staged an armed rebellion to preserve serfdom and theocracy and the Norbu Lingka was the location of the rebellion headquarters.
And China Daily gives us this when China on Tuesday called for the withdrawal of a proposed US congressional resolution on Tibet:
As this year marks the 50th anniversary of end of feudal serfdom in Tibet, Ma said,”The democratic reforms are the widest, most profound and most comprehensive social reforms in Tibetan history, blazing a new path for Tibet’s prosperity.”
In March 1959, the Chinese government dissolved the aristocratic local government of Tibet and freed more than 1 million serfs.
“Over the past 50 years, Tibet has undergone profound changes in the political, economic and cultural sectors and the millions of serfs have become the new owners of Tibet,” Ma said.
So everything there is great – right?
The announcement comes after three weeks of fighting in the coastal strip, as Israel launched a massive military offensive aimed at halting years of daily rocket fire on its southern communities. Palestinian sources say that more than 1,100 Gazans have been killed since the offensive began on December 27. Three Israeli civilians and 10 Israel Defense Forces have been killed during that period.
Hamas, however, said it would continue fighting in Gaza as long as Israeli troops remained in the Hamas-ruled Strip.
“If the Israeli military continues its existence in the Gaza Strip, that is a wide door for the resistance against the occupation forces,” Osama Hamdan, a Hamas official in Lebanon told Al Jazeera.
Fawzi Barhum, a Hamas spokesman, said: “The Zionist enemy must stop all its aggression, completely withdraw from the Gaza Strip, lift the blockade, and open the crossings. We will not accept the presence of a single soldier in Gaza.
“The enemy’s declaration of a unilateral ceasefire confirms that this is a unilateral war launched in one direction, from the enemy upon our people,” Barhum, who is in Gaza, said in a statement.
Speaking at a forum in Beirut, Hamdan called on Arab leaders to stand by the Palestinian “resistance” and urged European nations to cut ties with Israel for its “crimes” in Gaza.
At least 51 Palestinian civilians, including women and children, were confirmed to be among those killed in the Gaza Strip.
On Monday, Egyptian authorities allowed ambulances carrying several wounded Palestinians to cross into Egypt through the Rafah border crossing for medical treatment.
Hospitals in Gaza have been overwhelmed by casualties since Israel started its aerial blitz on the territory.
Egypt also allowed lorries loaded with humanitarian aid to enter its border crossing with the Gaza Strip. Lorries with food and medical supplies have been lining up outside the Egypt-Gaza border since early morning.
The UN relief and works agency said on Monday that at least 51 Palestinian civilians, including women and children, were confirmed to be among those killed in the Gaza Strip.
Twenty years after the killing of Chico Mendes the threat of assassination looms large for those involved in opposing the destruction of Brazil’s rainforests…
“Each year on 22 December I ask myself if he died in vain or not. And today, after all these years, the answer is not yet clear to me,” said Alfredo Sirkis
It’s like a child telling Santa, “If you don’t bring every single item on my list, then stay out of my chimney.”
Other than his taste for Hummers (FU H2!), I can’t think of a huge reason for having been really pissed off at Schwarzenegger in the past. But his current refusal to sign the budget is asinine. Funding for dozens of environmental projects our company is currently engaged in now stand in question. In fact it appears that Arnold has chosen to follow in the regressive, destructive path of George W. Bush by eliminating environmental regulations in an attempt to boost construction in the state. What an idiot! Rather than see forward to a green economy, he would rather send us back to the dark ages of mindless development, unconcerned with the impact on future generations. Thanks Arnie.