“If we are going to move out of this recession, Asia is going to be part of that equation. Asia is where we are going to grow.”-Ernest Bower, Southeast Asia Program at the Center for Strategic and International Studies
Next week the 21 members of the Asia Pacific Economic Cooperation (APEC) will meet in […] Continue Reading…
Honda wants to cut north American production by 50%, and they’re blaming the latest flooding in Thailand.
Output at all six of its factories in the United States and Canada will be cut in half from November 2 through 10. Also, they will stop all production in North America for one day on […] Continue Reading…
Japanese Defense Minister Yasuo Ichikawa announced that he will send about 200 troops to the new country of South Sudan in 2012. They will take part in UN peacekeeping operations.
Interestingly Ichikawa said the international community has been asking Japan to take on more UN peacekeeping roles, however I’ve not noticed any mention of that […] Continue Reading…
“I’m running for president in the Republican party, I’m doing very well. And last time they wondered about it, but, you know the whole thing is, is boy the people are really frustrated. You go to New Hampshire there are more Independents than Republicans or Democrats.”-Ron Paul
There was a time that U.S. […] Continue Reading…
On October 29, presidential candidate Ron Paul won the National Federation of Republican Assemblies’ (NFRA) Iowa Straw Poll, twice! Yet they endorsed Rick Santorum!
What’s the point of holding an election if the winner (twice) is the loser? I wonder how many Iowa republicans are thinking of jumping ship?
Was Paul ignored by the NFRA because […] Continue Reading…
“This may be the time not to expand production capacity. It might be better to just hoard the cash.”-John Lonski, Moody’s Capital Markets Group
This statement came after the Greek Prime Minister announced that he will let the Greek people decide if their country will accept the latest bailout offer. It seems likely they will […] Continue Reading…
The United Nations Educational, Scientific and Cultural Organization (UNESCO) granted Palestine full UN membership on October 31!
The United States quickly retaliated against the UN by refusing to pay the U.S. share of funding for UNESCO. Israel also ended its funding of UNESCO.
Palestine is now the 195th member of the U.S. created organization known as […] Continue Reading…
SAAB has new Chinese owners. The car maker was sold at a loss, after it filed for bankruptcy in September. SAAB hasn’t made any cars in its factory in Sweden, since April!
SAAB was originally offloaded by GM to Dutch company Spyker (now Swedish Automotive). Chinese distributor Pang Da Automobile Trade, and auto manufacturer […] Continue Reading…
“We got our hands on it and found it is doing much more than it is legally allowed to do.”- Frank Rieger, Chaos Computer Club
The German government allows cell phone conversations to be spied on, but hackers discovered that the software used actually violates the government’s own legal limits.
It’s called Bundestrojan. Germany’s Federal […] Continue Reading…
That’s right, it wasn’t just U.S. taxpayers and the U.S. central bank (Federal Reserve) that bailed out Corporate America’s big financial institutions in 2007/08. China Investment Corporation played a part and lost.
So when it comes to bailing out European governments, China’s financial sector is willing but cautious: “The $3 trillion in reserves are the […] Continue Reading…