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Keyword: china

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  • Chinese Company Replaces Humans With Robots, Production Skyrockets, Mistakes Disappear

    08/01/2015 8:00:38 PM PDT · by SeekAndFind · 57 replies
    Zero Hedge ^ | 08/01/2015 | Tyler Durden
    "I believe that anyone who has a job and works full time, they should be able to pay the things that sustain life: food, shelter and clothing. I can't even do that."That rather depressing quote is from 61-year old Rebecca Cornick. She’s a grandmother and a 9-year Wendy’s veteran who spoke to CBS News. Rebecca makes $9 an hour and her plight is representative of fast food workers across the country who are campaigning for higher pay. The fast food worker pay debate is part of a larger discussion as "states and cities across the country [wrestle] with the idea of...
  • Vast hidden 'ocean' found under Chinese desert

    07/31/2015 1:22:24 PM PDT · by Red Badger · 42 replies
    www.ibtimes.co.uk ^ | July 30, 2015 20:30 BST | By Yasmin Kaye
    Workers digging a well for underground water are dwarfed by the sand dunes of the Taklimakan Desert, 13 September 2003, outside of Tazhong, in China's northwest Xinjiang province. ================================================================================================================== Chinese scientists have discovered what could be a huge hidden ocean underneath one of the driest places on earth, the South China Morning Post reported on 30 July. The Tarim basin in northwestern Xinjiang, China, is one of the driest places on Earth, but the vast amount of salt water concealed underneath could equal 10 times the water found in all five of the Great Lakes in the US. "This is...
  • Obama team, Navy at odds over South China Sea

    07/31/2015 12:42:39 PM PDT · by ghost of stonewall jackson · 13 replies
    Politico ^ | 7/31/15 | Austin Wright
    The Pentagon has repeatedly maintained it reserves the right to sail or fly by a series of artificial islands that China is outfitting with military equipment. The Navy won’t say what it has or hasn’t done, but military officials and congressional hawks want the U.S. to make a major demonstration by sending warships within 12 miles of the artificial islands and make clear to China that the U.S. rejects its territorial claims. By not doing so, they charge, Washington is tacitly accepting China’s destabilizing moves, which are seen by U.S. allies in the region such as Japan, the Philippines and...
  • China is asking for stock trading records from Chinese and foreign brokerages .... shorting stocks

    07/31/2015 6:42:41 AM PDT · by TigerLikesRooster · 13 replies
    Reuters ^ | 2015/07/31 | Michelle Price, Pete Sweeney
    China is asking for stock trading records from Chinese and foreign brokerages to find investors who are shorting stocks Michelle Price, Pete Sweeney Today at 6:06 PM HONG KONG/SHANGHAI (Reuters) – China is asking foreign and Chinese-owned brokerages in Hong Kong and Singapore to hand over stock trading records, sources with direct knowledge of the requests told Reuters, extending its pursuit of investors shorting Chinese stocks to overseas jurisdictions. Three sources at Chinese brokerages and two at foreign financial institutions said the China Securities Regulatory Commission (CSRC) had sought to identify traders and investors who had taken net short positions,...
  • Beijing to host 2022 Winter Olympics

    07/31/2015 5:56:41 AM PDT · by C19fan · 23 replies
    The Hill ^ | July 31, 2015 | Ben Kamisar
    Beijing will host the 2022 Winter Olympics, the International Olympic Committee announced Friday morning. The Chinese capital will have the shortest gap between games in modern Olympic history — and become the first city to host both summer and winter games.
  • Top US general says Iran deal lowers near-term atomic arms risk

    07/30/2015 8:08:39 PM PDT · by WilliamIII · 30 replies
    Reuters ^ | July 29 2015 | David Alexander
    The top U.S. military officer supported a proposed nuclear deal with Iran on Wednesday, saying it reduced the risk of Tehran developing atomic arms while buying time to work with allies to confront the Islamic Republic over other "malign activities." Army General Martin Dempsey, chairman of the Joint Chiefs of Staff, told a Senate hearing he had advised the White House to keep sanctions on Iran's ballistic missile program and arms trafficking for "as long as possible." The deal between Iran and the United States, China, Russia, Britain and France would lift the ban on ballistic missile technology for eight...
  • Iran orders from China 150 J-10 fighter jets that incorporate Israeli technology

    07/30/2015 10:25:56 PM PDT · by sukhoi-30mki · 29 replies
    DEBKAfile ^ | July 30, 2015
    Iran is about to conclude a transaction with China for the purchase of the Chengdu J-10 multirole jet fighter, known in the West as the Vigorous Dragon, according to an exclusive report from DEBKAfile’s military and intelligence sources. Beijing has agreed to sell Tehran 150 of these sophisticated jets. While the Chinese J-10 is comparable to the US F-16, our sources report that it is virtually a replica of the Lavi, the super-fighter developed by Israel’s aerospace industry in the second half of the 80s. Israel sold China the technology, after Washington insisted on Its discontinuing the Lavi’s production. The...
  • China’s Expert Fighter Designer Knows Jets, Avoids America’s Mistakes

    07/30/2015 5:55:15 AM PDT · by sukhoi-30mki · 16 replies
    War is Boring ^ | July 29, 2015 | ROBERT BECKHUSEN
    There’s aircraft designers, and then there’s ace designers. There are thousands of engineers around the world producing planes, but ace designers only come along once every few decades. The United States had Kelly Johnson, the designer of the SR-71 Blackbird. Germany’s Willy Messerschmitt produced a line of famous fighter planes. The Soviet Union’s Mikhail Simonov created the muscular Su-27 fighter-bomber to compete with America’s F-15 Eagle. Each of these aces were highly skilled, but they also owed much of their success to circumstance. They came along when their respective governments invested millions — or billions — of dollars into transforming brainpower into cutting-edge combat...
  • ISIS preparing to attack India to provoke confrontation with the US, says report

    07/30/2015 2:53:46 AM PDT · by 2ndDivisionVet · 26 replies
    Mumbai DNA India ^ | July 29, 2015
    "The document warns that 'preparations' for an attack in India are underway and predicts that an attack will provoke an apocalyptic confrontation with America," the report said. The ISIS is preparing to attack India to provoke an Armageddon-like confrontation with the US, according to an internal recruitment document of the feared group which also seeks to unite the Pakistani and Afghan Taliban into a single army of terror. An investigative story published yesterday by the USA Today and reported by American Media Institute refers to a 32- page Urdu document obtained from a Pakistani citizen with connections inside the Pakistani...
  • China sets up first unmanned factory

    07/30/2015 3:13:22 AM PDT · by 2ndDivisionVet · 57 replies
    The Business Standard ^ | July 27, 2015 | Press Trust of India
    A Chinese firm specialising in precision technology has set up the first unmanned factory at Dongguan city where all the processes are operated by robots, regarded as futuristic solution to tide over China's looming demographic crisis and dependence on manual workers. In the plant, all the processes are operated by computer- controlled robots, computer numerical control machining equipment, unmanned transport trucks and automated warehouse equipment. The technical staff just sits at the computer and monitors through a central control system. At the workshop of Changying Precision Technology Company in Dongguan, known as the "world factory", which manufactures cell phone modules,...
  • Your Green Car Could Cause Black Rain in China

    07/28/2015 9:27:51 PM PDT · by Up Yours Marxists · 8 replies
    National Observer ^ | July 28, 2015 15:12 GMT | Charles Mandel
    You may have a "green" car, but it could be causing black rain in China from the graphite mined and used in its lithium ion battery. Two academics at Toronto's York University, Carla Lipsig-Mumme and Caleb Goods, applaud many of the new advances in green technology in recent years, but at the same time warn that those very technologies may come with a host of environmental issues. The pair issue a caution about “superindustrialization” in which the answer to climate change is a matter of “technological adjustment.” In an article recently published in The Conversation and picked up by the...
  • Chinese buyers feed new energy into Texas real estate

    07/28/2015 7:44:00 PM PDT · by TigerLikesRooster · 5 replies
    CNBC ^ | 2015/07/28 | Diana Olick
    Chinese buyers feed new energy into Texas real estate "Investors in Chinese equity markets will flee to safe assets, and few assets offer the combination of relatively modest risk and high returns as U.S. real estate," says a researcher at Zillow. Diana Olick | @DianaOlick With investors nervously watching the Shanghai stock market, Chinese are the now biggest foreign buyers of American real estate, and they are setting their sights on the biggest state in the Lower 48. Texas is seeing a huge influx of Chinese buyers, both investors and owner occupants, thanks to more affordable housing. And recent turbulence...
  • China Pushes to Rewrite Rules of Global Internet

    07/28/2015 6:24:08 PM PDT · by Crazieman · 16 replies
    Wallstreet Journal ^ | 7/28/2015 | James T Areddy
    SHANGHAI—As social media helped topple regimes in the Middle East and northern Africa, a senior colonel in the People’s Liberation Army publicly warned that an Internet dominated by the U.S. threatened to overthrow China’s Communist Party. Ye Zheng and a Chinese researcher, writing in the state-run China Youth Daily, said the Internet represented a new form of global control, and the U.S. was a “shadow” present during some of those popular uprisings. Beijing had better pay attention. Four years after they sounded that alarm, China is paying a lot of attention. Its government is pushing to rewrite the rules of...
  • Gruesome Find: 100 Bodies Stuffed into Ancient House

    07/28/2015 9:40:40 AM PDT · by BenLurkin · 29 replies
    livescience.com ^ | July 27, 2015 07:07am ET | Owen Jarus
    The bodies of juveniles, young adults and middle-age adults were packed together in the house...before it burnt down. Anthropologists who studied the remains say a "prehistoric disaster," possibly an epidemic of some sort, killed these people. The site, whose modern-day name is "Hamin Mangha," dates back to a time before writing was used in the area, when people lived in relatively small settlements, growing crops and hunting for food. The village contains the remains of pottery, grinding instruments, arrows and spearheads, providing information on their way of life ... An anthropological team at Jilin University in China is studying the...
  • How A Chinese Farmer Lost More Than Everything Trading Stocks

    07/28/2015 7:40:29 AM PDT · by SeekAndFind · 15 replies
    Zero Hedge ^ | 07/28/2015 | Tyler Durden
    Last night, just six weeks after one Chinese farmer Liu Jianguo invested his life savings in the Chinese market, proclaiming "it's a lot easier making money from stocks than farm work," we wondered if it was time for a sequel: It's time for the sequel: how the Chinese farmer bet on stocks and lost everything http://t.co/l1EEAHFiEg— zerohedge (@zerohedge) July 28, 2015 A few hours later we find out that it was because as CNBC reported in its sequel, another farmer has lost it all... and more. As CNBC's Eunice Yoon reports, just a few weeks after his glorious gamble...
  • A Chinese state newspaper ran this racist cartoon of Obama in Africa

    07/28/2015 6:50:28 AM PDT · by SoFloFreeper · 25 replies
    Washington Post ^ | 7/28/15 | Ishaan Tharoor
    Under the title "Homecoming," it shows Obama in ostensibly "native"or tribal garb, clutching a spear as he surveys zebra in an open expanse. It ran in last Friday's English-language newspaper without any other textual explanation or accompanying article.
  • Deep Designs (India has ground on submarine front)

    07/28/2015 6:28:06 AM PDT · by sukhoi-30mki · 3 replies
    The Week, India ^ | August 02, 2015 | Ajit Kumar Dubey
    The Dragon is breathing fire under water. And, Pakistan is close on India’s heels. Over the years, India has lost ground on the submarine front. Hence, the need for more subs, and fast They do it every time. Before the Chinese send their president or prime minister to visit a neighbouring country, they send a few troops across the border—just to test the neighbour’s military and political will. Thus, ahead of Prime Minister Li Keqiang’s May 2013 visit, a few People’s Liberation Army (PLA) troops forayed into western Ladakh and stayed there for close to a month. They moved back...
  • Message Of China's Meltdown: The Growth Miracle Is Over

    07/28/2015 4:06:14 AM PDT · by expat_panama · 38 replies
    Investors Busniness Daily ^ | 07/27/2015 | IBD Editorial
    Markets: China's stock market retreat has turned into a panic and, despite massive intervention, its government is helpless. Fact is, after a long period of super economic growth, China is downshifting to a much lower speed. China's benchmark Shanghai Composite plunged 8.5%, the biggest daily loss since 2007. Of course, the market is largely retracing its extraordinary 150% surge over the last year or so. Still, since their June peak, Chinese stocks have plunged 28%, or roughly $1.9 trillion. Reuters calculates that the government of Xi Jinping has spent close to $800 billion — or nearly 10% of China's total...
  • China aghast as woman crushed by escalator at shopping mall

    The scene can only be described as horrific: On an otherwise unremarkable morning, a woman is riding up a shopping center escalator in central China with her son. When she reaches the top and begins to disembark, she steps onto a metal footplate covering the machinery. The plate collapses, dropping the woman into the gears. She shoves her child into the arms of two mall employees, and is crushed to death. Security-camera video of the incident (Note: The video contains disturbing images.) hit Chinese social media late Sunday, hours after it occurred, with local media identifying the woman as Xiang...
  • China: Shanghai shares open down more than 4% after plunge

    07/27/2015 7:49:37 PM PDT · by TigerLikesRooster · 20 replies
    AFP ^ | 2015/7/27
    Shanghai shares open down more than 4% after plunge AFP – 29 minutes ago China's benchmark Shanghai stock index slumped 4.09 percent at the open on Tuesday, despite a renewed government vow to support the market following the biggest fall in eight years a day earlier. The Shanghai Composite Index plunged 8.48 percent on Monday, the biggest fall since February 27, 2007, despite a broad-based government effort to shore up prices following a weeks-long rout. The benchmark narrowed some of the losses in morning trade Tuesday and was down 2.12 percent, or 78.88 points, to 3,646.68 later. The Shenzhen Composite...
  • [Red] China’s Market-Intervention Folly

    07/27/2015 5:36:52 PM PDT · by BenLurkin · 2 replies
    Wall Street Journal ^ | Burton G. Malkiel
    The biggest drop in Chinese stocks in eight years Monday is another sign that Beijing’s efforts to prop up prices have failed. Moreover, the interventions themselves have made China’s equity markets more volatile and damaged their credibility in the long run. To stabilize stock prices, Beijing has employed numerous techniques, including suspending trading for a time on well over half of listed A-shares. Short sales were banned, and major shareholders were prohibited from selling. New initial public offerings were disallowed. China needs more professional participants in its equities markets. But why should institutions buy when the government can control if...
  • [Red] China launches two satellites as it builds GPS rival

    07/27/2015 11:24:19 AM PDT · by BenLurkin · 4 replies
    phys.org ^ | Julhy 26, 2015
    The satellites are the 18th and 19th launched by China as it develops its domestic navigation system Beidou, or Compass. They take the total number launched this year to three. Beidou is currently centred on the Asia Pacific region but is slated to cover the whole world by 2020. "The successful launch marks another solid step in building Beidou into a navigation system with global coverage," the satellite launch centre was quoted by Xinhua as saying. Beidou—named after the Chinese term for the plough or Big Dipper constellation—was announced in 2012, joining the US's GPS, Russia's GLONASS and European Union's...
  • China's Christians protest 'evil' Communist campaign to tear down crosses

    07/27/2015 11:19:17 AM PDT · by detective · 1 replies
    The Guardian ^ | July 27, 2015 | Tom Phillips
    Christian leaders – including an 89-year-old bishop – have taken to the streets of eastern China to protest against an “evil” campaign to remove crosses that many see as a coordinated Communist party attack on their faith. Activists say more than 1,200 crosses have been stripped from churches in Zhejiang province since the government initiative began in late 2013. There has been a spike in such actions in recent weeks. On Friday, around 20 Catholic clergy staged a rare public demonstration in Wenzhou – a coastal city known as the “Jerusalem of the East” – including Vincent Zhu Weifang, its...
  • What Loss Of Control Looks Like: Chinese Regulator Urges Traders To Rat Out "Malicious Sellers"

    07/27/2015 10:27:06 AM PDT · by SeekAndFind · 13 replies
    Zero Hedge ^ | 07/27/2015 | Tyler Durden
    After pledging a whopping 10% of China's GDP, or just about $1 trillion, to its various (at last check over 40) discrete measures to prop up its collapsing market, among which such threats as arresting shorters of stock and "malicious sellers", actions which have merely slowed down the bursting of the world's biggest stock bubble in recent years, China has finally reverted to what the communist regime does best to preserve "order" - implement witch hunts in which the population rats out any criminals who dare to go against the protocols of the communist party. In this case, the...
  • Stocks off lows amid China, commodity slide; energy lags

    07/27/2015 7:15:53 AM PDT · by Biggirl · 6 replies
    CNBC.com ^ | July 27, 2015 | Evelyn Cheng
    U.S. stocks traded lower on Monday as the continued selloff in commodities and an overnight plunge in Shanghai stocks pressured sentiment amid a lackluster earnings season. The S&P 500 briefly dipped below its 200-day moving average of 2,064.14 and attempted to hold above it.
  • Chinese Stocks Suffer Second Biggest Crash In History, 1,500 Companies Halted Limit Down

    07/27/2015 4:17:49 AM PDT · by Zakeet · 40 replies
    Zero Hedge ^ | July 27, 2015
    This was not supposed to happen.After pledging, investing and otherwise guaranteeing the Chinese stock market to the tune of 10% of GDP, and intervening on at least 40 different occasions in the past month ever since China's stock bubble burst in late June, with the subsequent crash nearly taking the Shanghai Composite red for the year, overnight China officially lost control for the second time, when after a weak start to the Monday trading session, things turned very ugly in the last hour, when the Shanghai Composite plunged by 8.48%, closing nearly at the lows, and tumbling some 345 points...
  • Social media a marriage killer in China: Experts

    07/26/2015 10:53:37 AM PDT · by Jyotishi · 2 replies
    The Times of India ^ | Sunday, July 26, 2015 | IANS
    Beijing: While social media was designed to bring people together, it can sometimes drive them apart — more Chinese people are switching their status from married to single and social media could be responsible, say experts. A report by the ministry of civil affairs in June found that 3.637 million couples divorced in 2014, up by 3.9 per cent from the previous year, Xinhua reported. Statistics from the ministry show the country has been witnessing a continuous rise in divorces since 2002. Su, a white collar worker from Shanghai, was stunned and furious after discovering her husband's secret romances online....
  • India Rising? Modi’s Landmark Tax Bill Will Likely Pass, Says Eurasia

    07/24/2015 11:07:39 AM PDT · by entropy12
    Barron's Asia Edition ^ | 23-7-15 | Shuli Ren
    China’s loss is India’s gain. International investors are pulling out of China and plowed $705 million into India since June 12, sending the Sensex Index 7% higher. But does India have any near-term catalysts? The buzz on Narendra Modi‘s landmark reform Goods & Taxes Bill is back. An important panel in the Upper House of the parliament, which Modi’s political party does not have majority in, already approved the GST bill. Now Modi just needs to get this bill passed in the Upper House. But worryingly, the monsoon session of the parliament, which opened on Tuesday and will end on...
  • China to provide eight submarines to Pak in largest-ever defence deal

    07/24/2015 6:31:00 AM PDT · by sukhoi-30mki · 7 replies
    China is to provide eight submarines to Pakistan in a multi-billion dollar deal, which is touted to be the largest-ever defence contract signed by Beijing with any nation so far. According to The Express Tribune, the Pakistani government did not provide any details and even declined to confirm the size of the transaction, despite the magnitude of the agreement. However, the composition of the Chinese delegation, with whom the agreement was reached, suggested that the accord involved purchase of eight submarines. Sources in the finance ministry said that the payments would be made to China in four instalments and the...
  • Western parents need to chill out about their kids

    07/23/2015 4:46:53 PM PDT · by Pining_4_TX · 17 replies
    Spiked online ^ | June 9, 2015 | Frank Furedi
    The author of Paranoid Parenting says that far from needing a stricter ‘Asian’ approach, Western parenting is already way too intensive. Last night, in a debate in London titled ‘Western parents don’t know how to bring up their children’, regular spiked contributor Frank Furedi clashed with Amy Chua, author of Battle Hymn of the Tiger Mother , and others. Furedi’s opening remarks are published below. When it comes to discussing parenting, everyone thinks they are warranted to take their own personal story and recast it as a philosophy. On no other issue are you allowed to communicate such prejudices and...
  • THE Overcomer's Crown [Charismatic Caucus]

    07/23/2015 12:01:23 PM PDT · by Jedediah
    Bible. The Joshua Chronicles ^ | 7-23-15 | Jedediah
    I am alabaster in beauty ; the pearl in your crown , The voice of wisdom ; my words never fall to the ground , My majesty surrounds you for my heart you obey , My kingdom goes before you each and every day , There is no other that you serve , Your feet remain steady ; they never swerve , My heart is the path you joyfully anticipate , I AM your inheritance you pant for yet never need to wait , I AM your Shepherd ; your gateway , the pool of mercy you know , My...
  • EXCLUSIVE: Entire US national security system possibly compromised by year-long cyber-assault

    07/23/2015 9:33:20 AM PDT · by SeekAndFind · 68 replies
    Fox News ^ | 07/23/2015 | By George Russell
    The prolonged hacking into the White House Office of Personnel Management, which put the personal information of at least some 21.5 million past and current federal employees in jeopardy, is only the beginning of the security threat to the Obama Administration and its successors, a number of top-level experts in cybersecurity have told Fox News. The attack has been frequently sourced as coming from China. The experts warned that the entire U.S. national security clearance system could be compromised, that future senior government leaders and advisors could be targeted even before taking office, and hundreds, perhaps thousands, of government officials...
  • China's Record Dumping Of US Treasuries Leaves Goldman Speechless(90 days $520 billion U.S. T-Bonds)

    07/23/2015 5:20:22 AM PDT · by Enlightened1 · 39 replies
    Zero Hedge ^ | 07/22/15 | Tyler Durden
    On Friday, alongside China's announcement that it had bought over 600 tons of gold in "one month", the PBOC released another very important data point: its total foreign exchange reserves, which declined by $17.3 billion to $3,694 billion. We explained all of his on Friday in "China Dumps Record $143 Billion In US Treasurys In Three Months Via Belgium", and frankly we have been surprised that this extremely important topic has not gotten broader attention. Then, to our relief, first JPM noticed. This is what Nikolaos Panigirtzoglou, author of Flows and Liquidity had to say on the topic of China's...
  • Fetal Cannibalism, Planned Parenthood Style

    07/22/2015 8:07:11 PM PDT · by Morgana · 15 replies
    pop.org ^ | 2015 Jul 17 | Steven Mosher and Jonathan Abbamonte
    In China, they eat babies; Planned Parenthood kills them and then sells their organs. Which is worse? On the menu of some exclusive Chinese restaurants is an item that goes by the name of Spare Rib Soup. Very expensive, it is usually served only in the back rooms to known customers, who are willing to pay to premium for this delicacy. So what is Spare Rib Soup? Brace yourselves. Spare Rib Soup…. is actually a human soup, made from the bodies of aborted babies. It is regarded by the Chinese—at least some Chinese—as a rejuvenating potion. A kind of fountain...
  • China gambles on North Korea to help revive city in northern ‘rust belt’

    07/22/2015 1:41:30 PM PDT · by Gamecock · 2 replies
    At China’s very farthest limits, a town sandwiched between North Korea and Russia stands at the heart of Beijing’s plan to revitalise its bleak, frigid northeastern rust belt. Beijing has a vision of turning the nondescript outpost of Hunchun into a regional Asian trading hub and is spending tens of billions of dollars to turn it into reality. Less than 70 km away in North Korea, the port of Rason offers access to the sea and a shorter trade route to Japan, one of China’s biggest trading partners, than almost any of its own harbours. But the ambitious plan relies...
  • Donald Trump's success? It's because he's saying what everyone else is afraid to

    07/22/2015 2:20:47 AM PDT · by 2ndDivisionVet · 43 replies
    The Birmingham News ^ | July 21, 2015 | Leada Gore
    Imagine if you will you were crafting the perfect presidential candidate. It's likely the following would not be on your list: two-time divorcee with multiple bankruptcies; bombastic reality television star who has appeared on professional wrestling shows; loud-mouth uncensored ego maniac with questionable hair. In other words, Donald Trump. But among the 2016 GOP presidential nominees, it's Trump that's taking the headlines. It's Trump who has people talking. And, most tellingly, it's Trump who is surging in the polls, with the latest numbers showing him with almost twice the support of his closest rival. Why? There a several reasons. First,...
  • Nuclear Arms Race: Saudi Source Reveals Plan for the Bomb

    07/21/2015 11:29:35 AM PDT · by ScaniaBoy · 19 replies
    Arutz Sheva ^ | 21 July 2015 | Ari Yashar
    Head of state-affiliated Saudi TV channel reveals Saudi Arabia will 'seriously try to get' nuclear weapons following Iran deal. While US President Barack Obama claimed he prevented a nuclear arms race in the Middle East when he presented the Iran deal last Tuesday, a key source in Saudi Arabia laid bare that claim by expressing the country's sense of urgency to acquire its own nuclear weapon. Jamal Khashoggi, head of the Saudi Al Arab news channel that is owned by a prince of the ruling Saudi royal family, and who previously was the media aide to Saudi Arabia's ambassador to...
  • 'Chinese naval vessels in Indian Ocean should not be taken as a threat'

    07/20/2015 10:16:33 PM PDT · by Jyotishi · 5 replies
    Rediff.com ^ | Tuesday, July 21, 2015 | Press Trust of India
    Justifying the docking of Chinese submarines in Karachi and Colombo, a Chinese think tank questioned criticism in India of the presence of Chinese naval ships in the Indian Ocean, saying China has a right to protect its interests and India should be "broad-minded" to accept it. "But even if Chinese naval ships and submarines appear regularly in the Indian Ocean, so what?," an article in the state-run China Daily questioning the criticism of Chinese vessels in the Indian Ocean said. Written by Zhou Do, an honorary fellow with Centre for China American Defence Relations of Beijing-based Academy of Military Science,...
  • UN Security Council unanimously approves Iran deal; EU Ministers Approve Pact Ahead of UN Vote

    07/20/2015 7:55:05 AM PDT · by SeekAndFind · 15 replies
    Times of Israel ^ | 07/20/2015 | BY MARISSA NEWMAN AND AP
    The UN Security Council on Monday unanimously adopted a resolution endorsing the Iran nuclear deal and paving the way to lifting longstanding sanctions on the Islamic Republic. The 15-0 approval of the Iran nuclear deal clears one of the largest hurdles for the landmark pact, which will now go before the US Congress where it may face an uphill battle for confirmation. The UN vote came shortly after the European Union approved the nuclear deal, okaying the pact between the five permanent members of the Security Council plus Germany and Iran that lifts punishing economic sanctions on Tehran in exchange...
  • Gold prices plunge to five-year low

    07/20/2015 8:08:32 AM PDT · by Citizen Zed · 7 replies
    cnn money ^ | 7-20-2015
    Gold plunged to its lowest level in five years on Monday, triggered by heavy selling overnight and signs Chinese demand may be weaker than expected. Prices plunged by as much as $40 an ounce in minutes when Asian markets began trading around 9.30 pm ET on Sunday, before stabilizing in European trade. By 9.15 am ET, the metal was down about 2% at $1,110, having dived below $1,100 -- a level not seen since 2010.
  • A Chinese group just bought Spain's infamous billion-dollar 'ghost' airport for $10,000

    07/20/2015 8:15:00 AM PDT · by SeekAndFind · 27 replies
    Business Insider ^ | 07/20/2015 | GUY HEDGECOE, THE TELEGRAPH
    Spain's "ghost airport" - that cost hundreds of millions of euros to build and which became a notorious symbol of the excess of the country's bonanza years has been sold to a group of British and Asian investors for just €10,000 ($10,835). Ciudad Real airport airport, in the central Castilla-La Mancha region, has been closed since 2012, despite opening only four years prior to closure. The regional authorities raised an estimated €1billion in private investment to build it. They had hoped it would draw millions of visitors each year to Ciudad Real and the surrounding area, which is known as...
  • China Creates a Supercity Around Beijing, Changing Lives (130 million people)

    07/19/2015 1:59:07 PM PDT · by 2ndDivisionVet · 7 replies
    The New York Times ^ | July 19, 2015 | Ian Johnson
    YANJIAO, China — Every morning at 5:30, Liu Desheng joins a dozen retirees waiting for the express bus to Beijing from this small city in Hebei Province. They stand at the front of the line but never board, instead waiting as bus after bus pulls up, each picking up 50 people from the ever-lengthening line behind the retirees. Around 6:30, their adult children arrive. The line, now snaking down the street, has become an hourlong wait. People cut in, and a shoving match breaks out. But the retirees have saved their children this ordeal. When the next bus pulls up,...
  • Okinotorishima-ization: South China Sea arbitration case enters middle game

    07/19/2015 12:07:59 PM PDT · by Lorianne · 5 replies
    Asia Times ^ | Peter Lee
    Two disputed geographic features in the South China Sea that are the focus of island-building by the People’s Republic of China (PRC), Fiery Cross and South Johnson Reef, were both originally endowed with natural pre-existing rocks protruding above the waterline at high tide. That’s big news. This state of affairs was pointed out by Bill Hayton, author of the highly-regarded The South China Sea: The Struggle for Power in Asia on his Twitter feed. What’s even bigger news is that the Philippines has already admitted the fact, in its “Notification and Statement of Claim in the West Philippine Sea” delivered...
  • China deports 20 foreigners for watching ‘terrorist’ videos

    07/18/2015 9:00:53 PM PDT · by Olog-hai · 7 replies
    Associated Press ^ | Jul 18, 2015 11:18 PM EDT
    China has deported 20 foreigners from Britain, South Africa and India for watching video clips that advocated terrorism and religious extremism, the official state media reported. Xinhua News Agency said late Saturday that the foreigners watched an unspecified documentary in a hotel room and later some of them watched video clips that advocated terrorism. Police also found similar clips on a cellphone belonging to one of the South Africans, Xinhua said. …
  • Chinese firm buys 'ghost airport' for cargo hub plan at shocking bargain price

    07/18/2015 7:28:01 PM PDT · by george76 · 21 replies
    Bidder offers just €10,000 for showpiece in Spanish bankruptcy auction. A Chinese company that was the only bidder for one of Spain's "ghost airports" wants to revive the site as a cargo hub for the Asian market. Ciudad Real airport, one of the most notorious emblems of Spain's economic crash, cost €1 billion (HK$8.4 billion) to build and was on sale at a knockdown price of €40 million. Tzaneen International was the sole bidder in the bankruptcy auction, however, and it offered just €10,000. The facilities of the deserted site, 160km south of Madrid, include a runway long enough to...
  • The West, the Family, and the Big Picture Which Side of History is the U.S. On?

    07/18/2015 4:06:34 PM PDT · by ReformationFan · 12 replies
    Colson Center's Breakpoint ^ | July 16, 2015 | Eric Metaxas
    July 16, 2015 (BreakPoint) -- The world is leaving us and our values behind. If we don't get with the times, we may soon find ourselves isolated and irrelevant. If you think I'm talking about Christians and the recent Supreme Court decision on same-sex “marriage,” think again. Of course, if you don’t read international and Christian news sources, you probably didn’t know that last week the UN Human Rights Council passed The Protection of the Family resolution. Not surprisingly, the mainstream U. S. media ignored the story. The resolution, approved by a vote of 27 to 14, urges member states...
  • Navy's newest combat ship in water

    07/18/2015 3:11:00 PM PDT · by george76 · 32 replies
    CNN - WJXT ^ | Jul 18 2015 | Brad Lendon
    The U.S. Navy's newest combat ship, the USS Little Rock, slid into the waters of Marinette Marine Shipyard in Wisconsin on Saturday morning. .. the 378-foot-long, 3,000-ton littoral combat ship with only a 13-foot draft is ideal for the missions the Navy faces in shallow waters around Pacific Rim, where the Navy is increasing presence as it keeps an eye on China, which is expanding its naval forces and its presence in the South China Sea. Navy Secretary Ray Mabus said the launching of the Little Rock is emblematic of the Navy's commitment to have a fleet of 304 ships...
  • China's Uyghur Problem (eye opening)

    07/18/2015 6:54:53 AM PDT · by RoosterRedux · 16 replies
    American Thinker ^ | China's Uyghur Problem
    While politically correct history likes to play down the contributions of "dead white men," this is one area where propaganda runs into hard fact. Indo-Europeans (IEs) once roamed further east than present historians care to admit. Even the people we call Mongols may originally have had a higher proportion of Indo-European (IE) ancestry. In fact, Genghis Khan reputedly had red hair. [The] Persian chronicler Rashid al-Din, who claimed Genghis had red hair and green eyes. Al-Din’s account is questionable -- he never met the Khan in person -- but these striking features were not unheard of among the ethnically diverse...
  • China Dumps Record $143 Billion In US Treasurys In Three Months Via Belgium

    07/18/2015 5:43:55 AM PDT · by Enlightened1 · 5 replies
    Zero Hedge ^ | 07/17/15 | Tyler Durden
    When the latest Treasury International Capital data was released yesterday, many were quick to conclude that not only had China's selling of US Treasury ceased, but that with the addition of $7 billion in US government paper, China's latest total holdings of $1270.3 billion were the highest since May of 2014. And if one was merely looking at the "China" line item in the major foreign holders table, that would be correct. However, as we have shown before, when looking at China's Treasury holdings, one also has to add the "Belgian" Treasuries, which is where China had been anonymously engaging...
  • Senator: SEAL Team 6 At Risk After OPM Hack

    07/16/2015 1:23:50 PM PDT · by Kaslin · 23 replies
    The Washingon Free Beacon ^ | July 16, 2015 | Elizabeth Harrington
    John Boozman says breaches targeted ‘most sensitive information’Sen. John Boozman (R., Ark.) said personal information on the Navy’s most elite special operations team could be in the hands of America’s adversaries following the cyber attack on the Office of Personnel Management (OPM). Boozman told a gathering of reporters in Washington, D.C., on Thursday that the attacks, suspected to have originated from China, targeted the “most sensitive information we have.” “The breach there was really staggering, this magnitude some of the most sensitive information,” Boozman said. “A lot of people when you fill out a form to get a top security...