China

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Spending Beyond Our Means? It's All China's Fault
Spending Beyond Our Means? It's All China's Fault
analysis
Dec 26, 2008 12:13 PM CST

Spending Beyond Our Means? It's All China's Fault

The time of the reckoning is here, NYT says

(Newser) - The financial crisis is, in part, a result of the uncomfortably tight economic embrace between the US and China, New York Times reports. China has long fostered an unsustainable credit cycle by keeping its currency artificially cheap and lending massive sums to the US. “Nobody wanted to get off...

Chinese Set Sail to Join Fight Against Piracy

First time warships have left home waters in centuries

(Newser) - Chinese warships are leaving home waters today for the first time in centuries, heading to the Gulf of Aden on an anti-piracy mission, CNN reports. Two destroyers and a supply ship are setting out to protect Chinese vessels in response to soaring pirate attacks off Somalia. The warships will join...

China Detains 59 in Tibet for 'Spreading Hate'

Activists accused of targeting ethnic Han migrants via music

(Newser) - Chinese police have arrested 59 people in Tibet for downloading and selling banned “reactionary songs” they say fuel ethnic hatred against migrant Han Chinese, the New York Times reports. The detainees are accused of collaborating with the exiled Dalai Lama to fuel unrest in the troubled region. State media...

WB Won't Show Dark Knight in China
WB Won't Show
Dark Knight in China
Dec 24, 2008 8:16 PM CST

WB Won't Show Dark Knight in China

(Newser) - Just because Batman landed in Hong Kong doesn't mean The Dark Knight will. Warner Bros. has decided not to release the film in China in part because of "cultural sensitivities," the studio said. Warner Bros. did not elaborate, but company execs are apparently concerned that the film's scenes...

Pirate Hostages Brace for Christmas at Sea

More than 260 remain off Somalia's coast in 14 hijacked vessels

(Newser) - More than 260 hostages will spend Christmas with pirates off Somalia’s coast, CNN reports. At least 14 vessels remain in pirate custody as a tumultuous year—with nearly 100 attacks on cargo ships, oil tankers, and yachts—nears its end. The EU, China, and Iran have stationed naval vessels...

China Dispatches Furry Ambassadors to Taiwan

Bears names—Tuan Tuan and Yuan Yuan—spell "reunification"

(Newser) - China is sending a pair of pandas to Taiwan today, a peace offering that’s been in the making for 4 years, the Sydney Morning Herald reports. The nations, not known for being warm or cuddly toward each other, appear to be making amends. Last week, after a 60-year stalemate,...

Stocks Begin Holiday Week Mixed
 Stocks Begin 
 Holiday Week Mixed 
MARKET OPEN
Dec 22, 2008 9:17 AM CST

Stocks Begin Holiday Week Mixed

Fed cuts, auto loan offer boost

(Newser) - Stocks opened mixed today after China cut interest rates and Toyota predicted its first loss in 71 years, the Wall Street Journal reports. Toyota’s US shares dropped 3% after its bleak forecast, and General Motors (16%) and Ford (7%) both fell. The Dow ticked up after the bell but...

Big '09 Trends: Ice Cream, Cuba
 Big '09 Trends: Ice Cream, Cuba 
OPINION
Dec 21, 2008 8:00 PM CST

Big '09 Trends: Ice Cream, Cuba

Goats, yogurt, and ecologically friendly travel also expected to surge

(Newser) - Closing the wallet and opening the palate are set to be big in 2009, says Gourmet, which has served up its predictions of next year's hottest food and travel trends:
  • With the economic slump, home cooking is hot, hot, hot. Learn to cook a casserole and take mom’s advice—
...

Gold's Price Is High, but Human Costs Are Steeper
Gold's Price Is High, but Human Costs Are Steeper
glossies
Dec 20, 2008 7:30 PM CST

Gold's Price Is High, but Human Costs Are Steeper

(Newser) - As the price of gold continues its steady climb—at $271 before 9/11, it's now above $835—National Geographic provides a sobering look at the human and environmental costs of finding it and digging it up. With the world's biggest deposits long gone and new discoveries rare, "it's an...

Chinese Protesters: Stop Nabbing, Eating Our Cats

Thousands of strays transported for food: protesters

(Newser) - Several dozen protesters in Beijing today urged an end to the "shameful" and "cruel slaughter" of cats for food as they unfurled banners in a tearful demonstration. Thousands of cats across the country have been rounded up recently by traders and transported to Guangdong province; protesters claim they...

Monkey See, Monkey Beat
 Monkey See, Monkey Beat 
Dec 18, 2008 3:45 AM CST

Monkey See, Monkey Beat

Abused monkeys go ape after beating from trainer

(Newser) - A Chinese animal trainer found his trio of performing monkeys to be quick learners when he tried to give one a public beating, the Daily Mail reports. One of the bicycle-riding monkeys twisted the man's ear while another sank its teeth into his head. A third picked up the man's...

China May Launch Pirate Patrol
 China May Launch Pirate Patrol 
Dec 18, 2008 2:09 AM CST

China May Launch Pirate Patrol

Officials weigh Chinese naval mission in 500 years

(Newser) - China is poised to embark on its first naval combat mission in 500 years—to take on pirates off the coast of Somalia, reports the Financial Times. Any patrols launched would be closely monitored by the US, Russian and British navies, concerned about China's growing  military power. 

4 Financial Doomsday Scenarios
 4 Financial Doomsday Scenarios 
ANALYSIS
Dec 17, 2008 11:20 AM CST

4 Financial Doomsday Scenarios

(Newser) - James Rickards is far more pessimistic about the economic crisis and its global implications than most of his analyst colleagues, Politico reports. But he’s also well respected by US intelligence and defense services. Here are four of his nightmare scenarios.
  • Terrorism: Al-Qaeda has long sought to disrupt the US 
...

Madoff Scheme Not Much Worse Than Legal Ones
Madoff Scheme Not Much Worse Than Legal Ones
OPINION
Dec 17, 2008 10:30 AM CST

Madoff Scheme Not Much Worse Than Legal Ones

End of communism let Wall Street become unhinged: Friedman

(Newser) - Wall Street used to be the epicenter of capitalism that the whole world wanted to emulate, but, on a trip to Hong Kong, Thomas Friedman discovers that the American financial establishment has lost its credibility. "We don’t just need a financial bailout," he writes in the New ...

Pirates Step Up Attacks After UN OKs More Force

Security Council says foreign forces can pursue Somali miscreants onto land

(Newser) - Pirates attacked more vessels off the coast of Somalia today despite a UN Security Council decision green-lighting foreign military forces to pursue them on land, reports the BBC. Four ships were attacked, and three—a tugboat, merchant ship, and private yacht—were being held by the pirates. A Chinese ship...

China's Great Firewall Back Up
 China's Great Firewall Back Up 
Dec 16, 2008 3:43 PM CST

China's Great Firewall Back Up

Censorship, relaxed during Olympics, on rise again as economy slows

(Newser) - China has quietly reinstated the web censorship lifted during its Olympics image cleanup, the New York Times reports today. As in the past, the tightening comes as growing unemployment raises the government’s fears of social unrest. The government defended its right to censor sites that violate Chinese secession laws,...

China to Lop Off Tall Buildings in Hangzhou

Hangzhou aims to become World Heritage site

(Newser) - Hoping to turn the city into a World Heritage site, China is lopping top floors off tall buildings in Hangzhou, the BBC reports. Two hotels, a TV tower, and other buildings will get the shrinking treatment in a $5.8 million effort; the city’s government has said that all...

Chinese Exports See First Drop in 7 Years

Unexpected 2.2% fall has analysts fearing major crisis for powerful economy

(Newser) - China’s exports have taken a sudden, unexpected hit from the global economic crisis, possibly an early indication that the world’s fourth-largest economy is on the verge of crisis. Exports, expected to rise at least 15%, shrunk instead by 2.2%, marking the first such fall in 7 years...

Despite Reforms, Russian Firms Most Likely to Bribe

Survey names Belgium, Canada most graft-free nations

(Newser) - Russian and Chinese companies are most likely to mix business with bribes when traveling abroad, a corruption watchdog found, despite promises from their governments to root out graft. Transparency International, which said the kickback trend points to firms from emerging economic powers, cited the practice’s “damaging impact on...

Books Map A-Bomb's Spread
 Books Map A-Bomb's Spread 
Dec 9, 2008 11:49 AM CST

Books Map A-Bomb's Spread

Authors track nations' paths to nuclear club

(Newser) - When it comes to the spread of nuclear weapons, all paths lead back to the US, the New York Times reports in a look at two books. In The Nuclear Express, the authors chart the rise of the world's nine nuclear nations and conclude that "since the birth of...

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