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Keyword: china

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  • China Bans Use Of Terms “Equity Disaster” And “Rescue The Market"

    07/07/2015 11:28:26 AM PDT · by Perseverando · 13 replies
    Zero Hedge ^ | July 7, 3015 | Tyler Durden
    Although it’s not possible to know exactly what the mood is among Party officials in China regarding the inexorable slide in stock prices that’s unfolded over the course of the last three weeks, it’s reasonable to assume that at least some officials in Beijing are in the throes of Politburo panic after watching some $3 trillion in market value disappear into thin (and probably polluted) air. Amid the turmoil, China has resorted to an eye-watering array of policy maneuvers, pronouncements, and plunge protection schemes aimed at arresting the slide. Nothing has worked. Not suspending compulsory liquidation for unmet margin calls,...
  • Chinese chaos worse than Greece

    07/07/2015 11:18:21 AM PDT · by Perseverando · 26 replies
    News.com.au ^ | July 7, 3015 | FRANK CHUNG and AFP
    WHILE the world worries about Greece, there’s an even bigger problem closer to home: China. A stock market crash there has seen $3.2 trillion wiped from the value of Chinese shares in just three weeks, triggering an emergency response from the government and warnings of “monstrous” public disorder. • LATEST: CHINESE INVESTORS FLEE FOR SAFETY And the effects for Australia could be serious, affecting our key commodity exports and sparking the beginning of a period of recession-like conditions. “State-owned newspapers have used their strongest language yet, telling people ‘not to lose their minds’ and ‘not to bury themselves in horror...
  • Long-Range Bomber May Be In China's Plans

    07/07/2015 10:34:32 AM PDT · by sukhoi-30mki · 16 replies
    China Daily ^ | Jul 7 2015
    A fast-flying, heavy strategic aircraft is needed and long overdue, defense experts say. "Please try your best to develop new bomber aircraft." That was the last wish of the dying Lieutenant General Liu Yudi, 92, a flying ace from the Korean War and a former senior officer of the People's Liberation Army air force. Lying on his deathbed in the PLA Air Force General Hospital in Beijing, the legendary war hero used his last strength to write those words on a piece of paper and give it to General Ma Xiaotian, the air force commander who came to bid him...
  • Where Are the China Hawks?

    07/07/2015 10:30:26 AM PDT · by Theoria · 6 replies
    The Atlantic ^ | 03 June 2015 | Peter Beinart
    On Monday, Lindsey Graham announced his presidential candidacy in a speech devoted mostly to foreign policy. He mentioned variations of the word “Islam” six times. He said “the nuclear ambitions of the radical Islamists who control Iran” constitute the “biggest threat” to the United States. He twice emphasized his devotion to Israel. And once, about halfway through his remarks, he mentioned China. In American politics today, especially in the GOP, Graham’s priorities are typical. Two years ago, during Secretary of Defense nominee Chuck Hagel’s contentious seven-and-a-half-hour grilling by the Armed Services Committee, senators mentioned Israel 178 times and Iran 171...
  • Israel, China in Talks to Become Major Financial Allies

    07/07/2015 6:57:33 AM PDT · by lbryce · 8 replies
    Arutz Sheva ^ | July 7, 2015 | Ari yashar
    Israel has been rapidly expanding ties with leading Asian nations even as threats of boycotts continue to emanate from Europe, and a major breakthrough regarding Israel's presence in Asia appears to be imminent as the state moves towards a Free Trade Agreement (FTA) with China. Chinese media began discussing the prospect of a FTA with Israel last December, and on Monday Economics Minister Aryeh Deri (Shas) met in Jerusalem with Chinese Ambassador to Israel Zhan Yongxin for the first time to discuss establishing a free trade zone. In the meeting Deri expressed Israel's strong desire to establish a free trade...
  • Stock bubble in China is bursting

    07/07/2015 6:15:38 AM PDT · by Enlightened1 · 17 replies
    CNBC ^ | 07/07/15 | Matthew J. Belvedere
    Looking to bargain hunt the recent plunge in Chinese stocks—bid up in an "enormous speculative frenzy" over the past year—would be like "catching a falling knife," former Morgan Stanley Asia Chairman Stephen Roach said Tuesday, just days after returning from a trip to China. Chinese stocks were volatile again overnight, but closed well off session lows, as investors remained doubtful of the efficacy of Beijing's recent market rescue measures. "The bubble is bursting" and predicting the bottom is anyone's guess, Roach told CNBC's "Squawk Box" in an interview. He added, however, that China's efforts to transform its economy remain unchanged....
  • Greek crisis is nothing compared to China

    07/06/2015 4:02:22 PM PDT · by Signalman · 20 replies
    cnnmoney ^ | 7/6/2015 | Paul LaMonica
    The population of Greece is slightly less than the state of Ohio's, while its gross domestic product is just a little bit bigger than the economies of Kazakhstan, Algeria and Qatar. Instead of focusing on Athens, investors should be much more worried about what's going on in China. You know, that country with about 1.4 billion people and the world's second largest GDP? The Shanghai Composite and Shenzhen Composite have both plunged about 30% from their highs due to legitimate concerns that Chinese stocks are in a bubble. China's government is taking steps to try and minimize any more pain...
  • Financial Markets Crumble As Greece Rejects Austerity, China Teeters On Collapse

    07/06/2015 10:50:57 AM PDT · by SkyPilot · 84 replies
    Addicting Info ^ | 6 July 15 | Nathaniel Downes
    In 2011 the biggest fear from the Greek financial crisis was that it would cause a ripple effect throughout the global economy. But despite years given to de-leverage themselves, banks worldwide are still exposed to Greece, carrying more derivatives than ever tied to the tiny European state. Now that the Greek citizens have rejected the austerity measures proposed by the EU, we are facing a real potential of a Greek default, which could trigger a cascade collapse of credit default swaps and cause the implosion of the German central bank. Then, a continent away, we are facing trouble of a...
  • Oil prices tumble after Greek no vote to bailout, China stock market turmoil

    07/05/2015 6:55:28 PM PDT · by 2ndDivisionVet · 54 replies
    Reuters ^ | July 5, 2015 | Aaron Sheldrick and Henning Gloystein
    Oil prices fell sharply in early trading on Monday after Greece rejected austerity measures demanded in return for bailout money and as China rolled out an unprecedented series of steps over the weekend to prevent a full-blown stock market crash. In a referendum on Sunday, Greeks overwhelmingly rejected austerity measures demanded in return for bailout money, putting in doubt its continued place in the single currency and pulling down the euro EUR= in early trading on Monday. In China, stock markets face a make-or-break week after officials rolled out a series of measures to prevent a full-blown stock market crash...
  • Did China's Stock Market Crash Just End Economic Reform?

    07/05/2015 6:43:39 PM PDT · by BenLurkin · 22 replies
    forbes ^ | 7/05/2015 @ 9:59AM
    The beauty of markets is that they have a mind of their own. For the Chinese government, this has been a tough pill to swallow. Try as it might, the Chinese government was unable to arrest the decline in the domestic stock market last week. The central bank cut benchmark interest rates and the amount of money banks must keep with it on reserve. A government investment vehicle made it known that it was buying ETFs. The securities regulator eased regulations on margin trading and the Stock Exchange cut transaction fees. Despite this, the benchmark Shanghai Composite Index declined 12%...
  • Clinton has strong words on Chinese hacking

    07/05/2015 9:33:34 AM PDT · by McGruff · 23 replies
    CNN ^ | July 5, 2015 | Dan Merica and Mariano Castillo
    Democratic presidential candidate Hillary Clinton unleashed some of the strongest words to date about China's hacking of U.S. computers. "They're also trying to hack into everything that doesn't move in America," Clinton said at a campaign event in Glen, New Hampshire. "Stealing commercial secrets, blueprints from defense contractors, stealing huge amounts of government information. All looking for an advantage."
  • Hillary Clinton accuses China of 'stealing US secrets' ('biting the hand' that fed her and Bubba?)

    07/05/2015 9:51:50 AM PDT · by NormsRevenge · 40 replies
    BBC News ^ | 7/5/15 | BBC
    US Democratic presidential hopeful Hillary Clinton has accused China of stealing commercial secrets and government information. She accused China of "trying to hack into everything that doesn't move in America", and urged vigilance. US officials had named China as the chief suspect in the massive hack of the records of a US government agency earlier this year. China had denied any involvement, and called US claims "irresponsible".
  • Greece, China, and Russia – a Plan B for Greece

    07/05/2015 5:21:37 AM PDT · by RKBA Democrat · 3 replies
    Golem XIV ^ | 7-3-15 | Pseudonym
    If the Greeks were to vote ‘No’ what would happen next? Well no one can say. But here is a quick thought on what I hope the Greek government might have been exploring if they are excluded from the euro. It’s just food for thought nothing more. They have to be prepared to have a currency that does not depend on Europe supplying Euros. So they will need another currency – hopefully their own. I think we can be sure no western company has been printing them. There are few such companies and there is, I think, no possibility that...
  • China curbs IPOs, enlists brokers in all-out bid to end market rout

    07/04/2015 5:40:57 PM PDT · by BenLurkin · 6 replies
    rueters ^ | Sat Jul 4, 2015 8:19pm EDT | Michael Martina and Samuel Shen
    China froze share offers and set up a market-stabilization fund on Saturday, the Wall Street Journal said, as Beijing intensified efforts to pull stock markets out of a nose-dive that is threatening the world's second-largest economy. Beijing's reported suspension of initial public offers (IPOs) came a few hours after extraordinary announcements by major brokers and fund managers, which collectively pledged to invest at least $19 billion of their own money into stocks. China's government, regulators and financial institutions are now waging a concerted campaign to prop up the nation's two main share markets, amid fears that a meltdown would rock...
  • Fund in China Aims to Stabilize Stock Markets

    07/04/2015 8:46:19 AM PDT · by Rockitz · 5 replies
    HONG KONG — Struggling to respond to precipitous declines on China’s stock markets over the last three weeks, the country’s biggest brokerage firms unveiled a government-endorsed plan on Saturday to buy shares starting on Monday, in a bid to stabilize the markets. The government-controlled Securities Association of China said that 21 big brokerage firms had agreed to set up a fund worth at least 120 billion renminbi, or $19.4 billion, to buy shares in the largest, most stable companies, and would stop liquidating their own portfolios of shares. But some experts said that this might not be enough to stop...
  • The Great Wall Of China Is Falling Apart. The Reason? Wind, Rain, And People Stealing Its Bricks!

    07/03/2015 12:01:46 PM PDT · by SunkenCiv · 26 replies
    Indiatimes ^ | June 30, 2015 | AFP
    Construction first begun in the third century BC, but nearly 6,300 kilometres were built in the Ming Dynasty of 1368-1644, including the much-visited sectors north of the capital Beijing. Of that, 1,962 kilometres has withered away over the centuries, the Beijing Times reported. Some of the construction weathered away, while plants growing in the walls have accelerated the decay, said the report Sunday, citing a survey last year by the Great Wall of China Society. "Even though some of the walls are built of bricks and stones, they cannot withstand the perennial exposure to wind and rain," the paper quoted...
  • China State Official Hints Beijing May Bailout Greece

    07/03/2015 6:57:07 AM PDT · by SeekAndFind · 15 replies
    Zero Hedge ^ | 07/03/2015 | Tyler Durden
    On Monday, after Greek PM Alexis Tsipras’ dramatic referendum call sparked a run on Greek ATMs, grocery stores, and gas stations, we did our part to help ameliorate the situation by sending a subtle message to Athens: Dear Greece, if you want to apply for a loan from the Asian Infrastructure Investment Bank, send an email to: information@aiibank.org— zerohedge (@zerohedge) June 28, 2015 Indeed, now may be an opportune time to tap Beijing for a few billion given that China officially launched the AIIB this week. As a reminder, the success of China’s AIIB membership drive was a political disaster...
  • Chinese cultivated tea 6,000 years ago, new archaeological evidence suggests

    07/02/2015 5:38:47 PM PDT · by Fractal Trader · 11 replies
    Daily Mail ^ | 2 July 2015 | POPPY DANBY and EDWARD CHOW
    Tea is one of the most popular drinks around the world and new research has revealed that people in China were enjoying the brew long before the pyramids were being built. The findings were made by a Chinese research team, who investigated the Tianluo Mountain, in the city of Yuyao in east China, to find China's earliest remains of human tea brewing. After nearly 10 years of analysis, archaeologists found that people had been brewing tea for around 6,000 years, reported People's Daily Online. The findings from the decade-long excavation were announced at the Archaeological Institute of Zhejing Province, on...
  • China close to finishing airstrip on reclaimed South China Sea island

    Runway could be used for military purposes, US think tank says Johnson South Reef features a small port and two helipads. China has nearly finished building an airstrip that could be used for military purposes on one of its biggest artificial islands in the disputed South China Sea, according to satellite images released by a US think tank yesterday. The Centre for Strategic and International Studies (CSIS) said images taken on June 28 by DigitalGlobe showed China had almost completed the construction of a 3,000-metre airstrip at Fiery Cross Reef, which China calls Yongshu Reef. The defence ministry refused to...
  • China's "Ancestral" Claim to South China Sea Islands (Video)

    07/01/2015 1:31:49 PM PDT · by Mount Athos · 6 replies
    China Uncensored ^ | Jul 1, 2015
    China has vowed to never back down from its aggressive territorial expansion into the South China Sea because it would shame their ancestors. What their ancestors would say about angering all their neighbors by building fake islands in the middle of the ocean is still unknown. China is locked in territorial conflicts with the Philippines, Vietnam, Brunei, and Malaysia over what amounts to $5 trillion dollars a year in shipping lanes. And sharing does not seem to be an option.
  • Global support for ISIS includes up to 42M Muslims, group claims

    07/01/2015 6:21:31 AM PDT · by SeekAndFind · 9 replies
    Fox News ^ | 07/01/2015 | By Brooke Singman
    Global support for ISIS may be much bigger than previously known, according to a new report that found as many as 42 million Muslims around the world have positive feelings about the black-clad army of barbarians that established a so-called caliphate in Syria and Iraq last year. The report from the New York-based research institute Clarion Project crunched numbers from four recent polls surveying Arab public opinion toward ISIS. Clarion found the terror group's supporters are 8.5 million strong, but more than 42 million of the world's estimated 1.5 billion Muslims feel at least somewhat positively about the terror group....
  • China claims to have the world’s first material for light-propelled spaceflight (Graphene)

    06/30/2015 8:50:21 PM PDT · by 2ndDivisionVet · 18 replies
    China Daily Mail ^ | June 30, 2015
    The following is based on a translation of a report in Chinese media: According to xinhuanet.com’s report on June 19, through 3 years of research, Prof. Chen Yongsheng of the College of Chemistry and Prof. Tian Jianguo of the Institute of Physics, Nankai University have obtained a special graphene material for light-driven flight. Due to the special electronic characteristic of graphene and the macrostructure and form of the material, the material is able to get driving force from light 1,000 times greater than ordinary light pressure. The website’s reporter claimed to have seen with his own eyes a graphene sponge...
  • China Makes It Official, Launches The Bank That Humiliated Washington

    06/30/2015 10:22:19 AM PDT · by aMorePerfectUnion · 13 replies
    Zero Hedge ^ | 6-30-15 | Tyler Durden
    In March, China was “handed a propaganda coup” (to use WSJ’s words), when the UK decided, in the face of loud protestations from Washington, to support Beijing’s efforts to launch a new development bank aimed at filling the gaps left by traditional post-war multilateral institutions such as the IMF and the ADB. The US claims it has concerns about governance and adherence to international norms around corruption and environmental protocol, but as even the most casual observers are well aware, the real concern in Washington (and in Tokyo) is that China will use the bank as an instrument of...
  • China's Great Wall 'is disappearing'

    06/29/2015 4:47:22 PM PDT · by NormsRevenge · 20 replies
    AFP on Yahoo News ^ | 6/29/15 | AFP
    Around 30 percent of China's Ming-era Great Wall has disappeared over time as adverse natural conditions and reckless human activities -- including stealing the bricks to build houses -- erode the UNESCO World Heritage site, state media reported. The Great Wall is not a single unbroken structure but stretches for thousands of kilometres in sections, from Shanhaiguan on the east coast to Jiayuguan in the windswept sands on the edge of the Gobi desert. In places it is so dilapidated that estimates of its total length vary from 9,000 to 21,000 kilometres (5,600 to 13,000 miles), depending on whether missing...
  • 10 Mysterious Underwater Cities You Haven't Heard Of

    12/14/2014 3:38:25 PM PST · by SunkenCiv · 32 replies
    Listverse ^ | August 5, 2013 | Andrew Handley
  • John Kerry: U.S., China Agree to Bilateral Civil Space Cooperation Dialogue

    06/29/2015 9:24:42 AM PDT · by Cincinatus' Wife · 13 replies
    Space News ^ | June 26, 2015 | Marcia S. Smith
    During recent meetings with Chinese officials, Secretary of State John Kerry agreed to establish a "U.S.-China Civil Space Cooperation Dialogue." A State Department spokesman says the first meeting will be held before the end of October, but could not provide any other details. The lengthy list of "outcomes" from the seventh round of the U.S.-China Strategic and Economic Dialogue (S&ED) held in Washington, DC June 22-24, 2015, includes a section on cooperation in science, technology and agriculture. Under that heading, the two countries agreed as follows: "101. Space: The United States and China decided to establish regular bilateral government-to-government consultations...
  • U.S. Manufacturing costs are almost as low as China’s, and that’s a very big deal

    06/29/2015 8:41:40 AM PDT · by thackney · 47 replies
    Fortune ^ | JUNE 26, 2015 | Brian Dumaine
    “Made in the U.S.A” is becoming more affordable. The reason? Fracking. You don’t need to a Nobel Prize in economics to know that the fracking revolution has been good for the U.S. What’s not so well known is just how competitive cheap oil and gas has made American manufacturing. BCG, the Boston consultancy, estimates the average cost to manufacture goods in the U.S. is now only 5% higher than in China and is actually 10% to 20% lower than in major European economies. Even more striking: BCG projects that by 2018 it will be 2% to 3% cheaper to make...
  • Marriage Policies in America Similar to Communist China

    06/29/2015 5:05:23 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | June 29, 2015 | Bethany Blankley
    It’s astounding to review the requirements to be legally married in America. Even more astounding is the reality that Americans, and especially Christians, comply with them. Worse still— Christians continue to demand that the government regulate a predominantly Christian practice. (Monogamous heterosexual marriage is a unique New Testament Christian concept. Nearly all non-Christian faiths advocate polygamy and pedophilia as part of acceptable social marriage norms.) America’s oligarchic-republican-democratic government currently requires citizens to receive government permission to be legally married—similar to requiring the Chinese to receive government permission to legally have a child. Imagine living in a country where couples are...
  • Obama Ignores Another Red Line After Massive Chinese Cyberattacks

    06/29/2015 2:20:14 AM PDT · by IBD editorial writer · 8 replies
    Investor's Business Daily ^ | 06/26/2015 | Staff
    Cyberwar: The damage done by Chinese hackers grows worse by the day, with news that they stole a treasure trove of blackmail-worthy material on those with high security clearances. What's Obama's reaction?
  • Chinese Stocks Are Collapsing, Despite PBOC Hail Mary

    06/28/2015 8:40:36 PM PDT · by tcrlaf · 19 replies
    Zerohedge ^ | 6-28-2015 | Durden
    The bounce is dead. CHINEXT - China's tech-heavy high beta 'Nasdaq' - is down 5-6% today, 19% in 3 days, and 33% from highs in early June! All that pent-up demand to be ignited among the farmers and housewives of China thanks to a double rate cut (RRR and benchmark) enabled a mere 2.5% bounce in Chinese stocks at the open which has now completely been erased as Shanghai enters a bear market. Decidely not what the doctor ordered. And as The South China Morning exclaims, many Chinese investors who have a planned economy mindset, believing government should help them,...
  • China central bank eases policy again to support economy

    06/28/2015 11:15:02 AM PDT · by BenLurkin · 3 replies
    reuters. ^ | Sat Jun 27, 2015 9:00am EDT | Kevin Yao and Nicholas Heath
    China's central bank cut lending rates for the fourth time since November and trimmed the amount of cash that some banks must hold as reserves, stepping up efforts to support an economy that is headed for its poorest performance in a quarter century. Saturday's combined easing highlights Beijing's concerns that money isn't flowing to some of the most-needed sectors in the economy and that stubbornly high borrowing costs that could fuel bankruptcies and job losses. The last time the central bank simultaneously cut interest rates and reserve requirements was at the height of the global financial crisis in late 2008....
  • 'Echoes of Apollo' is an action packed technothriller about the first space war

    06/27/2015 6:04:39 AM PDT · by Marcus · 4 replies
    Houston Space Examiner ^ | June 27, 2015 | Mark R. Whittington
    “Echoes of Apollo” by George Thompson is the sort of space faring technothriller that Tom Clancy would have been proud to have placed his name on if he was still alive. The novel is a near future story of what amounts to the first space war between China and the United States. “Echoes of Apollo” not only involve the sort of cutting edge technological toys inherent in the genre, but also makes clever use of the technology of the past. The story also casts a new light on the ongoing debate as to whether or not to return to the...
  • Putin promises 40 new nuclear missiles in 2015

    06/17/2015 2:04:08 AM PDT · by SaveFerris · 30 replies
    UPI.Com ^ | Updated June 16, 2015 at 11:03 AM | By Ed Adamczyk
    MOSCOW, June 16 (UPI) -- Russian President Vladimir Putin announced Tuesday Russia's nuclear arsenal would be would increase by 40 intercontinental ballistic missiles in 2015. Speaking at Army-2015 Expo, an international military trade show near Moscow, Putin said the new missiles could "overcome even the most technically advanced anti-missile defense systems," adding a new long-range early-warning radar "to monitor in the western direction" was also being prepared. It was a reference to plans by NATO to permanently place troops and heavy armaments in Poland, a Russian neighbor and former Warsaw Pact country. In reference to apparent plans to reinforce NATO's...
  • China lashes out at US racial bias in human rights report

    06/26/2015 8:28:53 AM PDT · by 2ndDivisionVet · 9 replies
    The Associated Press ^ | June 26, 2015
    BEIJING (AP) -- Racial discrimination and police abuses are rife in the United States, China's Cabinet said Friday, in a report intended as a counterpoint to U.S. criticism of Beijing's own human rights record. The report issued by the State Council Information Office cited the killing of black teenager Michael Brown in Ferguson, Missouri, and other cases in which African-Americans were shot and killed by white police officers....
  • Thailand to buy 3 submarines from China

    06/25/2015 6:52:32 PM PDT · by sukhoi-30mki · 9 replies
    Bangkok Post ^ | JUNE 26, 2015
    BANGKOK — The Thai navy has picked Chinese submarines costing 12 billion baht (S$447.5 million) each to be commissioned in the force, a source on the procurement committee says. The majority of the 17-strong committee voted to buy three Chinese submarines, saying it was the “best value for money”. The rest were split between submarines from Germany and South Korea. The navy also received offers from Russia, Sweden and France. The source said China beat other competitors as it offered subs equipped with superior weaponry and technology. Its subs are also able to stay underwater longer. Deputy Prime Minister and...
  • Russia Tested Hypersonic Glide Vehicle in February

    06/25/2015 4:02:51 PM PDT · by lbryce · 5 replies
    Washington Free Beacon ^ | June 25, 2015 | Bill Gertz
    Moscow is developing a new, ultra-high speed strategic attack vehicle similar to China’s hypersonic weapon, according to military analysts. However, unlike high-profile strategic bomber flights and large-scale nuclear war games that U.S. military commanders have called provocative, details about the Russian hypersonic vehicle remain one of Moscow’s closely held military secrets. The Russians have been developing the new Yu-71 vehicle for several years and conducted the most recent flight test in February, according to an article published this month in Jane’s Intelligence Review. A Pentagon spokeswoman declined to comment on the Russian hypersonic test.
  • China busts gangs smuggling 40-year-old meat

    06/24/2015 3:53:04 PM PDT · by Oldeconomybuyer · 25 replies
    Market Watch ^ | June 24, 2015
    Chinese authorities have broken up an international smuggling ring that was trying to sell chicken wings and pork, some of it more than 40 years old. The smugglers reportedly bought cheap meat overseas and brought it into the country via Vietnam. While traveling this circuitous route, the meat thawed and was refrozen several times before it finally reached the market. “The products fully filled an entire compartment. It was smelly, and I nearly threw up when I opened the door,” Zhang Tao, a government official, told the China Daily.
  • Pentagon Rushing to Open Space-War Center To Counter China, Russia

    06/23/2015 6:22:27 PM PDT · by familyop · 20 replies
    Defense One ^ | 23JUN15 | Marcus Weisgerber, Patrick Tucker
    The Pentagon and intelligence community are developing war plans and an operations center to fend off Chinese and Russian attacks on U.S. military and government satellites. The ops center, to be opened within six months, will receive data from satellites belonging to all government agencies, Deputy Defense Secretary Robert Work said Tuesday at the GEOINT symposium, an annual intelligence conference sponsored by the United States Geospatial Intelligence Foundation. [...] The center will help the military and government coordinate their preparations for and responses to any attack, said Lt. Cmdr. Courtney Hillson, a spokeswoman for Work. The hope is that it...
  • $50 billion canal in Nicaragua could allow Chinese submarines to cross from the Atlantic to…

    06/20/2015 9:27:08 PM PDT · by Olog-hai · 33 replies
    Daily Mail (UK) ^ | 13:15 EST, 19 June 2015 | James Dunn
    A $50 billion canal to be built by a Chinese tycoon in Nicaragua would be deep enough to allow submarines to pass through undetected. Billionaire Wang Jing has spearheaded what is one of the biggest engineering projects in the world and is three times the size of any other canal, yet shipping forecasters don’t anticipate a need for such a route in terms of trading. Many believe that Wang, who has not disclosed who his investors are, may be backed by the Chinese Government who hope to get a foothold in the continent where business has traditionally been dominated by...
  • Trump sends Perino into near meltdown

    06/21/2015 8:40:03 PM PDT · by 2ndDivisionVet · 83 replies
    Enter Stage Right ^ | June 22, 2015 | John Bender
    Donald Trump's claim that as President he would build a wall between Mexico and the U.S. and make Mexico pay for it has the political establishment fuming. Dana Perino, co-host of The Five on Fox News was practically foaming at the mouth over the idea. Perino is an ayatollah of the Bushiban who offers little to the show except regurgitated establishment talking points and mindless defense of anything any Bush says or does. On Tuesday Perino had the following exchange with co-host Eric Bolling. Mr. Bolling said Trump "was not afraid to take shots at other countries. He took shots...
  • China Yulin dog meat festival under way despite outrage

    06/22/2015 4:38:00 AM PDT · by Oldeconomybuyer · 30 replies
    BBC News ^ | June 22, 2015
    An annual dog meat festival in south-west China has begun, amid uproar on the part of animal rights activists. About 10,000 dogs will be slaughtered for their meat at the Lychee and Dog Meat Festival in Yulin in Guangxi province on Sunday and Monday to mark the summer solstice, state media said. City officials have distanced themselves from the gathering. "Some residents of Yulin have the habit of coming together to eat lychees and dog meat during the summer solstice," the city's news office wrote on Weibo.
  • The Pope joins the EU in a sad world of make-believe

    06/21/2015 4:44:27 PM PDT · by HomerBohn · 22 replies
    Telegraph ^ | 6/21/2015 | Christopher Booker
    What has a Papal Encyclical calling on the world to end its use of fossil fuels and to pray to God for the success of the global “climate summit” in December got in common with the Greek euro crisis, the ominous rift between the West and Russia, and the shambles Europe is making over the desperation of African and Syrian refugees to find safety this side of the Mediterranean? They are all different aspects of the two greatest acts of political make-believe of our time, so all-pervasive that it is hard for us to grasp just how much effect they...
  • Iran's Parliament Bans Nuclear Inspectors from Military Sites: 'Death to America'

    06/21/2015 3:03:34 PM PDT · by xzins · 56 replies
    CNS News ^ | June 21, 2015 | AP
    <p>With some lawmakers chanting "Death to the America," Iran's parliament voted to ban access to military sites, documents and scientists as part of a future deal with world powers over its contested nuclear program.</p> <p>The bill, if ratified, could complicate the ongoing talks in Vienna between Iran and the six-nation group — the U.S., Britain, France, Russia, China and Germany — as they face a self-imposed June 30 deadline. The talks are focused on reaching a final accord that curbs Iran's nuclear program in return for the lifting of economic sanctions.</p>
  • Why Is HSBC Leaving Brazil and Turkey?

    06/14/2015 1:24:54 PM PDT · by Lorianne · 4 replies
    Foreign Policy ^ | 11 June 2015 | Daniel Altman
    Because they have economies with flattening income inequality. And that's bad for business. ___ he world’s local bank is about to get a little less local. HSBC is going on a cost-cutting tear, trimming branches in major markets and selling off entire operations in emerging ones. The bank’s leadership says they’re narrowing its business to improve profitability, but there’s a much bigger message — and possibly an important twist — in its new approach. To understand HSBC’s decision, it helps to think about its business model. Retail banks that serve consumers and businesses make their money primarily through loans and...
  • Saudi Arabia, Russia sign nuclear power cooperation deal

    06/21/2015 9:13:05 AM PDT · by mac_truck · 33 replies
    Reuters ^ | 6/19/15 | Reem Shamseddine
    Saudi Arabia and Russia have signed an agreement to cooperate on nuclear energy development, a Saudi government body in charge of such projects said. The government body, the King Abdullah City for Atomic and Renewable Energy, announced the cooperation deal on its website on Thursday but gave no further details. Saudi-owned al-Arabiya TV, citing unnamed sources, said the kingdom planned to build 16 nuclear reactors in which Russia would play a significant role in operating them. The Saudi atomic and renewable energy body has already signed nuclear cooperation deals with countries able to build reactors, including the United States, France,...
  • China orders civilian ships adapted for military use: report

    06/21/2015 8:27:38 AM PDT · by tcrlaf · 16 replies
    Yahoo/AFP ^ | 6-18-2015 | AFP
    China's government has passed new guidelines requiring civilian shipbuilders to ensure their vessels can be used by the military in the event of conflict, state-run media said on Thursday. The regulations require five categories of vessels including container ships to be modified to "serve national defence needs", the state-run China Daily newspaper said. The regulations "will enable China to convert the considerable potential of its civilian fleet into military strength", it said. The report said that China had about 172,000 civilian ships at the end of last year, suggesting the measure could be a major boost to China's navy. China's...
  • Unimagineable. Incredible. Incompetence and Dereliction of Duty US Gov. re: China hack

    06/21/2015 7:08:15 AM PDT · by beebuster2000 · 9 replies
    self w ref to NYST story and other sources ^ | june 21 2015 | self w ref to NYT
    Have you been following the hack story? Chinese hackers compromised key US Govt database and stole the records of everyone who had a security clearance, including their SS number, and personal, medical, financial, and family and relative information. they also appear to have stolen similar data for most everyone who is, or who has been, a government employee. The databases were unencrypted and not subject to any real security protection including the most basic intrusion detection systems. As reported, the security that is standard on an iPhone is superior to what the US Govt was using, in spite of having...
  • Donald Trump Accuses China of Stealing Jobs From U.S. Citizens

    06/21/2015 5:09:29 AM PDT · by Cringing Negativism Network · 16 replies
    China Topix ^ | By Adelyn Torralba | Jun 20, 2015 12:30 PM EDT | By Adelyn Torralba | Jun 20, 2015 12:30 PM EDT
    Donald Trump has not been shy about saying how China and Mexico stole U.S jobs, making the State's local people having a hard time finding a job. According to Reuters, China denied the allegations thrown at them by business mogul Trump, after he blasted the country of stealing U.S. jobs through sneaky business trade that only profits the Asian country, dubbing it as a "win win situation." Following his announcement to join the Republican party, he immediately started a tirade on job stealing, dragging Mexico and Saudi Arabia alongside China. (link to article) http://www.chinatopix.com/articles/54530/20150620/donald-trump-accuses-china-stealing-jobs-u-s-citizens.htm
  • EXCLUSIVE: Trump Slams Obamatrade, Stands up for American Jobs

    06/20/2015 5:15:31 PM PDT · by dragnet2 · 80 replies
    breitbart.com ^ | 6/19/2015 | Alex Swoyer
    GOP presidential candidate and billionaire businessman Donald Trump slammed President Obama’s trade agreements – especially the Trans Pacific Partnership (TPP) – which Obama argued the United States needs in order to better compete with China. However, according to a recent report by Politico, China may be trying to enter the TPP – defeating Obama’s main argument for finalizing the deal. “Of course China wants to join the trade negotiation because the deal is so pathetic and so bad,” Trump told Breitbart News. He added that China would continue to take advantage of America’s stupid politicians, who don’t know what they’re...
  • Girls, Gardening, Puppies, And Pigs: Life On China's Disputed Man-Made Islands

    06/19/2015 5:31:51 PM PDT · by Former Proud Canadian · 11 replies
    Zero Hedge ^ | June 19, 2015 | Tyler Durden
    Amid the rhetoric, China has maintained it has every right to protect its “legitimate” territorial claims by constructing thousands of acres of sovereign land and, if necessary, enforcing a no-fly zone above the new islands. But while Beijing admits its Spratly sand castles will indeed be used for military purposes, it also says the primary goal of the entire dredging effort is to assist China in carrying out the country's “various civilian demands and international obligations and responsibilities in the area such as maritime search and rescue, disaster prevention and mitigation, marine scientific research, meteorological observation, ecological environment conservation, navigation...