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China role in world economy - the 3rd Wave







China role in world economy - the 3rd
Wave

China role in world economy - the 3rd
Wave
02/16/2004 08:04 PM

And if Google is successful in setting new benchmarks on IPO valuation multiples, it will likely be a shortlived record because shortly following the Google ...




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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 PM
There 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 AM
Seattletimes.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 AM
Reuters - 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 PM
Well, 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 AM
The 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 PM
Sanjay 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 AM

Joho the Blog: My Tuesday with the World
Economy Forum


Joho the Blog: My Tuesday with the World
Economy Forum
09/24/2004 01:46 AM
reports 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 AM
Interfax 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 PM
Just 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
diceThe 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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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 PM
AP - 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 PM
Boston Globe May 23 2004 8:09PM GMT

China Struggles With Spam (PC World)


China Struggles With Spam (PC World) 05/28/2004 05:04 AM
PC 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 AM
PC 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 PM
Did 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 AM
Xinhua 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 PM
WatchMouse, 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 PM
Reuters 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 PM
Reuters 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 PM
Reuters 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 AM
Computer 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 PM
Interfax 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 AM
ChinaTechNews.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 PM

CHINA: Web users want China to clarify
subversion law


CHINA: Web users want China to clarify
subversion law
02/12/2004 10:16 PM
Asia Media Feb 13 2004 3:02AM GMT

CHINA: China issues more internet
regulations


CHINA: China issues more internet
regulations
06/22/2004 01:09 AM
Asia Media Jun 22 2004 5:14AM GMT

Made-in-China played in China


Made-in-China played in China 12/17/2003 10:38 PM
CNET 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 PM

Dagobah Wave


Dagobah Wave 01/18/2004 02:45 PM
A 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 AM

Aside 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 PM
If 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 PM
A 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 PM
A digital audio workstation for Unix/OS X.

WAVE Utilities 1.16


WAVE Utilities 1.16 12/30/2004 09:12 AM
Utilities for analyzing, simplifying, and repairing WAVE audio files.

XO Wave Beta 6


XO Wave Beta 6 09/24/2004 06:00 PM
A digital audio workstation for Unix/OS X.

XO Wave Beta 5


XO Wave Beta 5 09/01/2004 11:51 AM
A digital audio workstation for Unix/OS X.

Hoth Wave And More


Hoth Wave And More 12/07/2003 01:57 PM
Entertainment reports several of the latest case assortments arriving and ready to ship!
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