East Asia is trapped in a vicious cycle of escalating tensions, with China’s rising power giving Japanese hawks legitimacy in their bid to bolster the military — exactly what Beijing says it fears.
“This is a battle about pride,” said Takehiko Yamamoto, international security professor at Japan’s Waseda University. “I cannot, for now, see there being any compromises.” Continue reading
U.S. immigration officials are considering a proposal from Chinese investors to create a multibillion-dollar development in New York’s Catskills called “China City” — raising concerns among critics about the potential cost to U.S. taxpayers and, according to one analyst, the possibility it could be a “stalking horse” for the Beijing government.
A spokesman from the U.S. Citizenship and Immigration Services told FoxNews.com that the proposal for Thompson, N.Y., has not been approved but is under consideration. Continue reading
As the EU situation continues to get worse, the only consistent solution Europe has thought up and pushed for has been to further consolidate. The world’s next superpower is bringing its European Army with it.
An effective European security and defence policy would allow the EU to ‘project influence globally’, argues Maria Eleni Koppa.
European security and defence is a topic that has been attracting a lot of attention after the decision of the European council to hold a special discussion dedicated on security and defence – for the first time since 2008 – at the forthcoming December summit. In this context, on 21 November, the European parliament adopted the report on the implementation of European security and defence policy, concerning the positions of the parliament for the future of the common security and defence policy (CSDP). Continue reading
MOMBASA, Kenya, Dec. 4 (UPI) — The Chinese, investing heavily in Africa to secure its oil and other raw materials for their expanding economy, are spearheading a new era of railroad building to unlock the continent’s interior.This is an echo of the long-gone colonial empires when a century ago British and French engineers first opened up Africa to plunder its riches.
The railroad frenzy is being accompanied by a massive push to build several major ports along the coast of East Africa to accelerate exports across the Indian Ocean, mostly to China, India and Japan, as well as lay down a network of oil and gas pipelines to these ports. Continue reading
The stories have been nothing new, but to actually find one drives up the interest level profoundly. Some years ago, the I-401 was found. The Panama Canal was to be bombed and destroyed by one or more in this series of subs, thus making it impossible for American warships to enter the Pacific, which could’ve changed the tide in the war. Both the I-400 and 401 missions were put to a halt at the last minute via surrenduring when America dropped the nuclear bombs on Imperial Japan and broke their will to fight.
For additional and thorough background information on the I-400, click on the following worthwhile link: The Transpacific Voyagee of H.I.J.M.S. I-400
(CNN) – Researchers in Hawaii have found a mammoth World War II-era Japanese submarine scuttled by the U.S. Navy in 1946 to keep its advanced technology out of the hands of the Soviet Union.
The Hawaii Undersea Research Laboratory at the University of Hawaii discovered the I-400 in 2,300 feet of water off the southwest coast of Oahu, according the school. Continue reading
Should it transpire, Frankfurt would likely be the winner as it’s slowly becoming the world’s new financial center. Paris only toes the German line.
Invetsment bank could switch European operations to Paris and Frankfurt
Goldman Sachs has said it would move much of its European business out of London if Britain leaves the European Union.
The warning from the world’s most powerful investment bank comes as political pressure for Britain to leave the EU mounts. Continue reading
Whether it’s the renminbi/yuan or the Euro, for example, the world could indeed live on without the Dollar and has already created a way to circumvent it — just as the BRICS nations are attempting to launch their own internet system, separate from the currently U.S. dominated version. This article serves as a case-in-point.
An announcement Tuesday by the obscure-sounding Society for Worldwide Interbank Financial Telecommunication, better known as SWIFT, may not get much ink. China’s currency, it reported, was used in 8.66 percent of global trade finance transactions in October, the group said. It’s now the No. 2 most widely used currency for trade finance, supplanting the euro.
But that is a lot more important than it might sound. It gives an important window into how the global economy is changing–and why America’s long reign of economic dominance is at risk. Continue reading
Iran’s semi-official Fars news agency “reveals” that Saudi Arabia and Israel’s Mossad are “co-conspiring to produce a computer worm more destructive than the Stuxnet malware to sabotage Iran’s nuclear program.” The report appeared Monday, Dec. 2, during foreign Minister Javad Zarif’s tour of Arabian Gulf capitals,with the object of easing tensions between the emirates and Tehran. Riyadh was not on his itinerary.
The Iranian agency now claims that Saudi intelligence director Prince Bandar Bin Sultan and the head of Israel’s Mossad Tamir Pardo met in Vienna on Nov. 24, shortly after the six world powers signed their first interim nuclear agreement with Iran in Geneva. Continue reading
BERLIN (Reuters) – An American who won this year’s Nobel Prize for economics believes sharp rises in equity and property prices could lead to a dangerous financial bubble and may end badly, he told a German magazine.
Robert Shiller, who won the esteemed award with two other Americans for research into market prices and asset bubbles, pinpointed the U.S. stock market and Brazilian property market as areas of concern. Continue reading
Republican lawmakers are balking at President Obama’s choice of Federal Reserve chairman, Janet Yellen, worried she will favor enhanced government intervention in the economy, including flooding the market with more dollars.
A review of her previous work finds she divined a theory that was a precursor to the current progressive campaign for the government to ensure “fair” pay to employees. Continue reading
Essentially, what we have is an overvalued market where investors have seen a prolonged period of rises and have jumped to the conclusion that the markets are all good again. However, they’re missing the critical fact that it’s all built on hot air. The best examples, like the article pointed out are Facebook, Pintrest and Twitter… all of which have never seen a profit, yet are suppoed to be worth millions and billions (Facebook). It’s a fool’s rush to the top of the financial mountain to see who the biggest idiot is before it all implodes in a financial crash likely worse than 2008′s, or possibly the worst in U.S. history.
One of the men that won the Nobel Prize for economics this year says that “bubbles look like this” and that he is “most worried about the boom in the U.S. stock market.” But you don’t have to be a Nobel Prize winner to see what is happening. It should be glaringly apparent to anyone with half a brain. The financial markets have been soaring while the overall economy has been stagnating. Reckless injections of liquidity into the financial system by the Federal Reserve have pumped up stock prices to ridiculous extremes, and people are becoming concerned. In fact, Google searches for the term “stock bubble” are now at the highest level that we have seen since November 2007. Despite assurances from the mainstream media and the Federal Reserve that everything is just fine, many Americans are beginning to realize that we have seen this movie before. We saw it during the dotcom bubble, and we saw it during the lead up to the horrible financial crisis of 2008. So precisely when will the bubble burst this time? Nobody knows for sure, but without a doubt this irrational financial bubble will burst at some point. Remember, a bubble is always the biggest right before it bursts, and the following are 15 signs that we are near the peak of an absolutely massive stock market bubble… Continue reading
The former heads of two of the most powerful intelligence agencies in the world, speaking Sunday, Dec. 1, in different parts of the world, were of the same opinion: Iran has reached the point of a nuclear threshold state and can build several nuclear bombs in a matter of weeks. By this diagnosis, Gen. Michael Hayden, former director of the CIA and NSA, and ex-general Amos Yadlin, ex-chief of AMAN, Israeli military intelligence indicted their respective governments of the US and Israeli for their failure to stop this happening. Continue reading