China role in world economy - the 3rd Wave
Grok Headline matches for China role in world economy - the 3rd Wave
In China, Signs of an Overheating
Economy
In China, Signs of an Overheating
Economy
04/14/2004 02:33 PMThere were more worrisome signs of inflationary pressure in China, as
Beijing announced an increase in bank lending.
China economy expected to grow 8.5
percent
China economy expected to grow 8.5
percent
04/06/2005 05:16 AMSeattletimes.nwsource.com - Wed Apr 6, 05:37 am GMT
Premier: China Must Cool Its Economy
(Reuters)
Premier: China Must Cool Its Economy
(Reuters)
04/28/2004 07:17 AMReuters - China needs "very forceful" measures to
cool its fast-growing economy, and steps taken so far will
start to take effect in future and help to avoid economic
volatility, Chinese Premier Wen Jiabao said Wednesday.
My Tuesday with the World Economy Forum
My Tuesday with the World Economy Forum
09/23/2004 01:01 PMWell, that was an interesting way to spend a day! For reasons beyond
my ken, I got asked to talk to the Entertainment and Media section of
a World Economic Forum meeting in NYC on Tuesday. How could I say no?
Besides, the organizers are completely charming, open-minded, smart
people. (Thank you, Alex.) Dinner the night before The event began
with a gala dinner for all the assembled industries, held on Governors
Island in NYC. From 800 yards away, the bottom of Manhattan looks like
a really bad idea, an experiment in how much weight you can add until
a...
World economy 'in good health'
World economy 'in good health'
09/26/2004 08:48 AMThe head of the International Monetary Fund says the world economy is
at its strongest point for five years.
CA World: Former CEO Kumar clarifies his
new role
CA World: Former CEO Kumar clarifies his
new role
05/24/2004 04:00 PMSanjay Kumar, who was ousted as CA's CEO last month, and several other
officials yesterday spelled out the various roles company executives
will play in the coming months.
FT.com / World / International economy -
Annan son received $300,000 in payments
FT.com / World / International economy -
Annan son received $300,000 in payments
03/24/2005 12:08 AMJoho the Blog: My Tuesday with the World
Economy Forum
Joho the Blog: My Tuesday with the World
Economy Forum
09/24/2004 01:46 AMreports at length on his visit to, and participation in the World
Economic Forum .. facts of
life
hyperorg.com/blogger/mtarchive/003089.html
track this
site | 4 links
China begins new crackdown on Internet
pornography, role of law enforcement
agencies increased
China begins new crackdown on Internet
pornography, role of law enforcement
agencies increased
07/21/2004 05:58 AMInterfax Information Agency Jul 21 2004 9:47AM GMT
Toy Palace News: Medal of Yavin, Ozzel
Wave, Jabba Ultra Wave IN STOCK
Toy Palace News: Medal of Yavin, Ozzel
Wave, Jabba Ultra Wave IN STOCK
04/16/2004 01:06 PMJust like the weather, Toy Palace is hot this weekend with plenty of
new additions and even the return of some old favourites. Check out
their latest stock announcement and then visit their
website.
IMF REPORT
SAYS US DEFICITS THREATEN WORLD
ECONOMY
IMF REPORT
SAYS US DEFICITS THREATEN WORLD
ECONOMY
01/10/2004 03:19 PM
The N
YT reports:
"With its rising budget deficit and ballooning trade imbalance, the
United States is running up a foreign debt of such record-breaking
proportions that it threatens the financial stability of the global
economy, according to a report made public today by the International
Monetary Fund. In nearly 60 pages of carefully worded analysis, the
report sounded a loud alarm about the shaky fiscal foundation of the
United States, questioning the wisdom of the Bush administration's tax
cuts and warning that large budget deficits posed significant risks
not
just for the United States but for the rest of the world."
I told you
so.
Historically, this kind of fiscal mismanagement, and the commensurate
warnings from the IMF if ignored (and the Bush administration has
already said it will ignore them), trigger the following
consequences:
- Collapse of the offending country's currency. This has
already begun, and the only reason it hasn't been more precipitous is
that so many countries are owed so much by the US, repayable in US
dollars, that these other countries will do everything they can to
mitigate the decline until they can be repaid.
- Inability of
the offending country to borrow in domestic
currency. Lenders, burned or threatened by the currency collapse,
insist that future and replacement debt be denominated in a more
stable, reliable currency. The obvious choice would be the Euro. When
(not if) lenders insist on being repaid in Euros, they no longer have
any reason to prop up the US dollar, which will then fall to a level
commensurate with the near-bankrupt status of the US
economy.
- Ballooning cost of borrowing for everyone. When a
country
tries to borrow more money than it can comfortably repay, the risk to
the lender soars, and the interest rate jumps quickly to double
digits.
This flows through the domestic economy, since banks and investors
aren't going to loan money to American companies and individuals at a
lower rate than they can get loaning money to the US government.
Mortgage and corporate and consumer loan interest rates therefore jump
to double digits too. Foreclosures and bankruptcies soar.
- The domestic stock and bond markets crash. As bond
yields
soar to reflect higher cost of borrowing, bond prices fall to the
floor. The cost of borrowing to American companies soars, wiping out
margins. Profits disappear. Stock prices fall. And since P/E ratios
reflect the opportunity cost of lower-risk debt investments, stock
prices fall much faster than earnings. Layoffs soar. Savings and
pensions are wiped out.
- Cutoff of credit by the IMF. The IMF under its
charter is
charged with regulating international borrowings to ensure stability
of
global financial markets. They did this to the UK during the Suez
Crisis -- basically telling the UK that they could not
borrow any more money abroad until the economic fundamentals improved
to the point repayment was reasonably assured. They've done it to many
African and Latin American countries since then, and few of the
countries affected have yet recovered.
- With no ability to
borrow abroad and domestic lenders
tapped out, there is no alternative but to radically slash government
spending. There is no money available for even basic programs. Tax
cuts
are history, and steep tax increases are imposed to get the money to
pay back the crushing, now high-interest debt. Financing of foreign
wars is out of the question.
This is not an exaggeration. Ask anyone in a country that has faced
it.
And while no one in the world wants to see this happen in the US
(because it will have a domino effect, pushing the whole world into a
depression), the world cannot afford to allow any country to borrow
wildly beyond its means. Bush is playing brinkmanship here, rolling
the
dice and hoping that the economy will somehow recover and achieve
unprecedented and sustained record prosperity for at least a
generation
to repay his staggering debt, before global investors lose their nerve
and stop lending to the US, and the IMF is left with no alternative
but
to step in.
The Times reports: "Though the International Monetary Fund has
repeatedly criticized the United States on its budget and trade
deficits in the last few years, this report was unusually lengthy and
pointed...Fund officials warned that the long-term fiscal outlook was
far grimmer, predicting that underfinancing of Social Security and
Medicare would lead to shortages as high as $47 trillion over the next
several decades, or nearly 500 percent of the current gross domestic
product in the coming decades."
This is the first warning from the IMF. It will be ignored, as it was
in Argentina. The consequences, for all of us, will be devastating.
You
know who to thank.
|
China Trying to One-Up Technology World
(AP)
China Trying to One-Up Technology World
(AP)
05/23/2004 03:00 PMAP - DVD? China's trying to do it one better with a technology
called EVD.
China trying to one-up technology world
China trying to one-up technology world
05/23/2004 04:32 PMBoston Globe May 23 2004 8:09PM GMT
China Struggles With Spam (PC World)
China Struggles With Spam (PC World)
05/28/2004 05:04 AMPC World - Foreign spammers export junk e-mail from Chinese servers,
as country fights incoming spam problems of its own.
China Finds Freedom Behind Great
Firewall (PC World)
China Finds Freedom Behind Great
Firewall (PC World)
05/27/2004 04:48 AMPC World - Country's first decade online has seen changes in
restrictions, access.
Wave 1 Coming In, Wave 2 ETA 5 Minutes
Wave 1 Coming In, Wave 2 ETA 5 Minutes
11/10/2003 11:14 PMDid you know toys are release in ?waves?? Star Wars action figures
come to use in boxes labeled like the following: Release 3 Wave 4....
Former women's world champion Zhu Chen
of China lost to laptop computer 'Star
of Unisplendour' here on Tuesday
Former women's world champion Zhu Chen
of China lost to laptop computer 'Star
of Unisplendour' here on Tuesday
06/09/2004 02:55 AMXinhua News Agency Jun 9 2004 6:58AM GMT
WatchMouse Opens New Monitoring Stations
in China and London - Largest Monitoring
Network World-Wide
WatchMouse Opens New Monitoring Stations
in China and London - Largest Monitoring
Network World-Wide
12/17/2004 06:44 PMWatchMouse, active in monitoring websites world-wide, has opened two
new monitoring stations: in Hong Kong and London. At the same time,
the company’s station in Sydney, Australia, has been completely
renewed. With this expansion, WatchMouse is responding to the
explosive growth in interest in real-time site monitoring from
e-commerce companies. With nine stations, the Netherlands-based
company is now the largest monitoring network world-wide. [PRWEB Dec
16, 2004]
Miss Ireland Wins Miss World in China
Miss Ireland Wins Miss World in China
12/06/2003 02:15 PMReuters via Wired News Dec 6 2003 12:32PM ET
Miss Ireland Is Crowned Miss World in
China
Miss Ireland Is Crowned Miss World in
China
12/06/2003 07:57 PMReuters via Wired News Dec 6 2003 6:40PM ET
Miss Ireland Crowned Miss World in China
Miss Ireland Crowned Miss World in China
12/06/2003 02:15 PMReuters via Wired News Dec 6 2003 12:32PM ET
China Expert Technology awarded $10m
e-government contract in China
China Expert Technology awarded $10m
e-government contract in China
03/19/2005 02:27 AMComputer Business Review Mar 18 2005 5:40AM GMT
China agrees to take neutral position on
3G standards at China-U.S. JCCT
China agrees to take neutral position on
3G standards at China-U.S. JCCT
04/22/2004 10:45 PMInterfax Information Agency Apr 23 2004 2:25AM GMT
China Mobile And China UnionPay Launch
Wireless Banking
China Mobile And China UnionPay Launch
Wireless Banking
03/28/2005 01:29 AMChinaTechNews.com Mar 28 2005 5:54AM GMT
"China (yes, that China) won't support
the UN resolution on US international
legal immunity because it would look as
if they were condoning our war crimes in
Iraq. Sorta makes you proud to be an
american, don't it?"
"China (yes, that China) won't support
the UN resolution on US international
legal immunity because it would look as
if they were condoning our war crimes in
Iraq. Sorta makes you proud to be an
american, don't it?"
06/19/2004 04:26 PMCHINA: Web users want China to clarify
subversion law
CHINA: Web users want China to clarify
subversion law
02/12/2004 10:16 PMAsia Media Feb 13 2004 3:02AM GMT
CHINA: China issues more internet
regulations
CHINA: China issues more internet
regulations
06/22/2004 01:09 AMAsia Media Jun 22 2004 5:14AM GMT
Made-in-China played in China
Made-in-China played in China
12/17/2003 10:38 PMCNET Asia Dec 17 2003 9:50PM ET
The NEW New Wave
The NEW New Wave
09/07/2004 11:58 PM
Underground French Cinema (literally) Three days later,
when the police returned accompanied by experts from the French
electricity board to see where the power was coming from, the phone
and electricity lines had been cut and a note was lying in the middle
of the floor: "Do not," it said, "try to find
us." A secret underground cinema is found in the
Catacombs of Paris,
"You guys have no
idea what's down there." Perhaps it's the work of a group of
cataphiles called the
"Perforating Mexicans".
"Big Wave"
"Big Wave"
09/01/2004 03:22 PMDagobah Wave
Dagobah Wave
01/18/2004 02:45 PMA well-connected, but anonymous source has confirmed that Hasbro plans
to release a Dagobah wave, made up of at least R2-D2, Luke, Obi-wan
Kenobi (spirit) and Yoda. As always nothing is official until Hasbro
announces it so keep an eye on their website for upcoming
revelations.
The Brazilian wave
The Brazilian wave
06/30/2004 02:45 AMAside from the hype and deart
h of useful ideas, social software has exposed some interesting
trends that I didn't know existed. I know I'm not alone in this, but
I'm fascinated by a trend that has been going on for about a year and
shows no signs of stopping: Brazilians are dominating social software
networks.
I guess it makes sense when you think about it. They've got a
country with fairly free laws that
promote creativity. While they're generally poor on a per capita
basis, they have the largest online population in South
America.
Recently, Orkut put
them neck and neck with Americans on the system and new language
tools were added so you could basically cruise the site entirely
within groups that posted in just Brazilian Portuguese, or just
English. Fotolog had the famous case
of Brazilian cam
girls competing neck and neck with American photographers last
summer. I suspect even with pricing changes at Fotolog, the
Brazilians won out in terms of membership numbers since then. Ever
since Globo's Blogger install
launched a couple years ago, the service has skyrocketed in user
numbers. T
his person claims Brazil is likely to be the second largest group
of bloggers after Americans.
Thanks to the enthusiasm of Brazilian users and the democratic
nature of these networks, you see Brazil outpacing the participation
and number of Americans. The virtual world is relatively new and
doesn't have many limitations beyond the obstacles of getting online
in the first place, so the world is on an even playing field so to
speak. I find it fascinating that in this new, more open, and more
equal environment, Brazil is doing so well. I don't know what it means
for the future of Brazil or America, both online and offline, but it's
certainly an interesting trend worth watching.
Using Technology To Do The Wave For You
Using Technology To Do The Wave For You
12/24/2004 12:18 PMIf there ever were a story made for the "Too Much Free Time" category,
this one is probably it. A year in the making, yesterday was the
unveiling of the very first SMSWave. If you're a sports fan,
you're probably familiar with "The Wave" whether you like it or
consider it to be ruining the sport (there are some who feel that
way). This is where everyone in the stands is so bored by what's
happening on the field that they stand up and sit down one after
another in a pattern that makes it look like there's a wave going
through the stands. Well, apparently that wasn't good enough for some
people, who decided to update The Wave for the digital, mobile age.
They set up a system where fans SMS their seat location to a specific
phone number. The system then calculates where everyone is, and sets
off their phones flashing and making noise in a pattern to make a
similar wave effect in mobile phone noise and sound. Sounds lovely,
right? Even better, they've now patented the idea, so don't go around
trying to copy it yourself. Please. We'll all be better off.
Animated Wave 3?
Animated Wave 3?
01/09/2004 09:55 PMA new Probe Droid has just been launched; this week we're looking for
fans to chime in with their thoughts on a third wave of Clone Wars
animated figures. Is it a slam dunk, would it depend on the
characters, or should it be a no go? Look for the new Probe Droid
ballot now and cast your vote today!
XO Wave Beta 3
XO Wave Beta 3
08/02/2004 05:37 PMA digital audio workstation for Unix/OS X.
WAVE Utilities 1.16
WAVE Utilities 1.16
12/30/2004 09:12 AMUtilities for analyzing, simplifying, and repairing WAVE audio files.
XO Wave Beta 6
XO Wave Beta 6
09/24/2004 06:00 PMA digital audio workstation for Unix/OS X.
XO Wave Beta 5
XO Wave Beta 5
09/01/2004 11:51 AMA digital audio workstation for Unix/OS X.
Hoth Wave And More
Hoth Wave And More
12/07/2003 01:57 PMEntertainment reports several of the latest case assortments arriving
and ready to ship!
Grok Description matches for China role in world economy - the 3rd Wave
GrokA matches for China role in world economy - the 3rd Wave
China role in world economy - the 3rd Wave