Chinese Want To Buy the Big 3 Automakers
All the Shock Doctrine fanatics cheering to drive the the Big 3 into bankruptcy "restructuring," like Mitt Romney, might want to think about the implications of this.
HuffPost's QuickRead
Memo to Americans Spying for Another Country or Considering It
A recent Defense Department report cites cases of 173 Americans arrested between 1947 and 2007 for passing state secrets to al-Qaeda, China, Egypt, Cuba, Poland, Germany, Russia, North Korea, France, among others.
Eleven Other Countries with Big Auto Industry Problems
Here's some of what's happening, mostly with GM, in Europe and Asia, two markets outside the U.S. hit hardest by the slowing automobile business.
Obama's Foreign Policy: It Depends What You Mean by "Pragmatic"
What alarms me slightly about the new team is that its China experience is so thin. From Jones to Susan Rice to Clinton to Steinberg and Gates, there are glimmers of China experience, but not much.
China and Rock from John Denver to Axl Rose: A Top 5 List
I think that this Rose (album) by any other name would have been quite different in terms of impact in China.
A Thanksgiving Lesson From Tom Joad
Like Tom Joad returning to his home only to find his family gone and the house half covered by the encroaching rows of cotton, each of us this Thanksgiving will find something at home that we did not expect.
Scandal of the Ages: Documents Reveal Underage Chinese Gymnast
Not only was He Kexin, the Chinese gymnast in question, born in 1994 and ineligible to compete in the Olympics, but Chinese officials, over the last few weeks, have tried to cover it all up.
China's Skyping on you ...
BEIJING: When in China, don't use Skype. Well, at least not the Chinese version called Tom-Skype, a joint venture between eBay (owner of Skype) and To...
Tibetan Plateau Water Reserves at Risk
The UN estimates that two-thirds of the world's population will live in areas of water stress within the next 20 years. By the numbers, much of that population is in Asia.
China's Gold Medals Found to Have High Lead Content
The medals, which were supposed to be made entirely of gold, were instead found to be composed of 99% lead alloy and coated with a gold-colored lead-based paint.
"No water, no sex" - New films take on not-so-subtle meanings when it comes to water
TRAVERSE CITY, Mich. -- By strange turn of fate or my wife's careful selection, almost every film we saw this summer at the Traverse City Film Festiva...
Are There Just too Many People in the World?
To achieve the green goal of dealing with overpopulation, it's necessary to mix some oestrogen into the environmentalist palette.
Finding the Toilet in Stockholm
Last week a mix of water and sanitation experts gathered for World Water Week in Stockholm, Sweden to mull over the world's biggest public health crisis. The problem is that not enough people paid attention.
Obama and Africa: The Change We Have Been Waiting For?
The 53 countries of Africa have remained profoundly attached to a vision of America as land of justice, opportunity and freedom. Obama's election will only make such feelings much more intense.
Two Million Minutes Takes a Lifetime to Endure
Toward the end, when the Indian or Chinese kids were on the screen, I wanted to yell at it: "Get a Life!" Not as a put-down, but as a wake up call.
The Beijing Olympics and Chinese Women
The contradictions in the way Chinese women are portrayed for the Olympics symbolizes the confusion and complexities of what Chinese femininity means in a globalizing world.
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Links
- Trouble in China - Larry Kudlow - The Corner on National Review Online
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- Deborah Seligsohn: A "Green Lining" in China's Economic Stimulus Plan
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Zachary Karabell: The Rise of the Rest
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I don't think we will ever fully recover from this pending economic collapse, and we haven't seen the worst of it yet by far...
OK, how about this: a crisis that was decades in the making will take decades to undo?
You can trace the problems today back to consumerism and short term thinking that has been with the baby boomers for most of their lives. The boomers are now in their fifties and sixties. How likely is it that they will learn? Old people don't learn, they just take their mistakes with them to the retirement home. So it will take a new generation to pick up the tab and pay for the bill the boomers have run up.
We will recover, but it will take us the rest of our lives to undo the poor decisions of our parents.
We'll recover when the excesses are purged from the system and the businesses that need to fail actually fail so new investment can begin. The excesses include the mortgage backed securities which should be written off and destroyed and the consumer debt which needs to be expunged, and the businesses include those that are over-leveraged (not that many luckily), inefficient (see GM), and those in sectors with overcapacity (retailers, financial services). I think the purge could happen quickly if govt lets it happen.