August 23, 2013–Weekend news from the old man
Yea, just as I though another 24-48 hours out of the cox worker
himself. He said it was a bad phone (My phone) Duh, we exchanged phones from another section of the house and works. Ok, Strange the other phone all of a sudden works as well. Well, since I restarted the system, they also had to do same in office and have a ticket on it now. Ok, that takes me into next Monday. Maybe the’ll get it working by then. Too tired and really mean tired. Back to see what is happening around th world to calm this cox crap down!
Yellow journalism that relies on misleading headlines that essentially say everything that the hollow articles carry and have little or no newsworthy material is not politically neutral. It is a weapon of war. All these articles are agitating for bloodletting in the Middle East, specifically between Shias and Sunnis. This type of journalism either directly or indirectly stokes the fires of sectarianism in Lebanon and the Middle East with the intentions of spreading sectarian animosity. This is why it deliberately ignores and refuses to even acknowledge the main points of Nasrallahs speech that clearly pointed the finger at Israel and the US and said that the terrorist attacks had nothing to do with Sunni Muslims. Yes, YELLOW as all hell is the majority of these reporters, as I would do as my newspaper employer stated if he was paying to say untruths, then I did. The newspaper business is a rotten racket and I know that as a fact! I started out as a paper boy and continued all the way into circulation to anything I had to, in order to get that green back. That’s when it was called a silver certificate. Worth real silver and gold. Nothing but paper, and worth whatever you can trade for it so far. But, even that is coming to an end soon. But, wait I hear the USA may do away with money and all of us will get credit cards for all transactions. No more dealing with cash at all. Hmm wonder if that is because China, Russia, Germany, Japan all what to go back to the gold standart. Bet it is. No body wants our dollars now they want ownership of the united states our ports, towns etc. Should look up and see what China owns here in the United State. What the hell you sheep would never believe it anyways. Then other countries as well buying up parts of America even. Russia is going to get Alaska back as well. Oh you have not heard any of this yet, have you. Yes, but not getting it as you think. We owe, and we have no gold so all we have is to sell America. When will the yellow media start telling the truth? Never as everyone wants to have a roof and a full stomach. China now owns 22% of the total of $5.6758 trillion held by foreign countries. China would not call in its debt all at once. If it did so, the demand for the dollar would plummet like a rock. This dollar collapse would disrupt international markets worse than the 2008 financial crisis. China’s economy would suffer along with everyone else’s. It’s more likely that China would slowly begin selling off its Treasury holdings. Even when it just warns that it plans to do so, dollar demand starts to drop. This hurts China’s competitiveness, as it raises its export prices, so U.S. consumers start buying U.S.-made products instead. China must further expand its exports to other Asian countries, and increase domestic demand, before it can call in its U.S. debt holdings. China became the world’s largest exporter. China needs this growth! Its GDP per capital was only $9,100 per person, compared to $49,800 per person for the U.S. This low standard of living allows China to attract overseas manufacturers to outsource jobs by paying its workers less. Therefore, despite its threats, China will continue its position as the world’s largest holder of U.S. debt.
Then what do I know, after all just an old man. LOL
It’s no secret that China exports a lot of stuff, nor that the country’s ports are the busiest in the world — seven of the top 10 ports by container volume are Chinese. But it’s harder to get information about how productive those ports are. For competitive reasons, ports themselves don’t want to disclose how quickly ships are loaded and unloaded, and most national governments don’t require it.
But here’s who does want to know that: Shipping lines, as well as the companies that own the goods they carry. Five years ago, a shipping trade publication called the Journal of Commerce embarked upon a project to collect that data, and convinced 17 carriers representing 70 percent of global ocean transport to turn over what they knew about how quickly containers move and how long their vessels remain in their berths. The result is a white paper ranking the world’s ports by how effective they are in moving cargo for their size. Surprise surprise: U.S. ports come out looking pretty dismal.
China’s maritime interests already reflect its status as the world’s largest exporter and second-largest importer. Many of the world’s biggest container ports are in China. It controls a fifth of the world’s container fleet mainly through giant state-owned lines. By weight, 41% of ships built in 2012 were made in China.
Japanese and Korean firms built a presence in Californian ports in the 1980s and 1990s. Now China’s muscle in trade and shipping is being mirrored in ports too. At first this was about building. China Harbour Engineering Company has constructed projects around the world. In 2012 its state-controlled parent firm had orders of $12 billion for construction deals abroad.
By buying companies, exploiting natural resources, building infrastructure and giving loans all over the world, China is pursuing a soft but unstoppable form of economic domination. Beijing’s essentially unlimited financial resources allow the country to be a game-changing force in both the developed and developing world, one that threatens to obliterate the competitive edge of Western firms, kill jobs in Europe and America and blunt criticism of human rights abuses in China.
Ultimately, thanks to the deposits of over a billion Chinese savers, China Inc. has been able to acquire strategic assets worldwide. This is possible because those deposits are financially repressed — savers receive negative returns because of interest rates below the inflation rate and strict capital controls that prevent savers from investing their money in more profitable investments abroad. Consequently, the Chinese government now controls oil and gas pipelines from Turkmenistan to China and from South Sudan to the Red Sea.
Another pipeline, from the Indian Ocean to the Chinese city of Kunming, running through Myanmar, is scheduled to be completed soon, and yet another, from Siberia to northern China, has already been built. China has also invested heavily in building infrastructure, undertaking huge hydroelectric projects like the Merowe Dam on the Nile in Sudan — the biggest Chinese engineering project in Africa — and Ecuador’s $2.3 billion Coca Codo Sinclair Dam. And China is currently involved in the building of more than 200 other dams across the planet, according to International Rivers, a nonprofit environmental organization.
China has become the world’s leading exporter; it also surpassed the United States as the world’s biggest trading nation in 2012. In the span of just a few years, China has become the leading trading partner of countries like Australia, Brazil and Chile as it seeks resources like iron ore, soybeans and copper. Lower tariffs and China’s booming economy explain this exponential growth. By buying mainly natural resources and food, China is ensuring that two of the country’s economic engines — urbanization and the export sector — are securely supplied with the needed resources.
In Europe and North America, China’s arrival on the scene has been more recent but the figures clearly show a growing trend: annual investment from China to the European Union grew from less than $1 billion annually before 2008 to more than $10 billion in the past two years. And in the United States, investment surged from less than $1 billion in 2008 to a record high of $6.7 billion in 2012, according to the Rhodium Group, an economic research firm. Last year, Europe was the destination for 33 percent of China’s foreign direct investment.
Government support, through hidden subsidies and cheap financing, gives Chinese state-owned firms a major advantage over competitors. Since 2008, the West’s economic downturn has allowed them to gain broad access to Western markets to hunt for technology, know-how and deals that weren’t previously available to them. Western assets that weren’t on sale in the past now are, and Chinese investments have provided desperately needed liquidity.
This trend will only increase in the future, as China’s foreign direct investment skyrockets in the coming years. It is projected to reach as much as $1 trillion to $2 trillion by 2020, according to the Rhodium Group. This means that Chinese state-owned companies that enjoy a monopolistic position at home can now pursue ambitious international expansions and compete with global corporate giants. The unfairness of this situation is clearest in the steel and solar- panel industries, where China has gone from a net importer to the world’s largest producer and exporter in only a few years. It has been able to flood the market with products well below market price — and consequently destroy industries and employment in the West and elsewhere.
THIS is the real threat to the United States and other countries. However, most Western governments don’t seem to be addressing China’s state-driven expansionism as an immediate priority.
On the contrary, European governments dealing with their own economic crises see China as a country that can help, either by buying sovereign debt or going ahead with investments in their countries that will create jobs.
The Chinese state-owned company Cosco currently manages the main cargo terminal in the biggest Greek port, Piraeus, near Athens — a 35-year concession deal. And China’s sovereign wealth fund, C.I.C., took a 10 percent stake in London’s Heathrow Airport in 2012, as well as a nearly 9 percent stake in the British utility company Thames Water. The state-owned firms Three Gorges Corporation and State Grid are the main foreign investors in Portugal’s power-generation sector, and C.I.C. also bought a 7 percent stake in France’s Eutelsat Communications.
In the Greek port the Chinese have been able to triple capacity, amid local unions’ criticism of worsening labor conditions. It’s too early to measure China’s impact in the other investments, but the fact that Chinese companies are able to invest in sectors that are closed or restricted for European firms in China says a lot about how minimal Europe’s leverage with China is.
Take Germany, which accounts for nearly half of the European Union’s exports to China. It’s highly unlikely that Berlin would make unfair competition the cornerstone of its China policy. Moreover, the lack of leverage and leadership in Brussels means that the union is unable to take firm action to force China into adopting measures that would level the playing field or guarantee reciprocity in its domestic market.
The only exception is the United States, which seems to be addressing the issue by pushing forward the Trans-Pacific Partnership, a regional trade association that is seen by critics in Beijing and elsewhere as an American-led policy to contain China. The club is thought to be restricted to countries that meet high American standards on issues like free competition, labor and environmental standards and intellectual property rights. As China doesn’t meet those standards, it will have to reform or risk regional isolation. Moreover, the United States has made life difficult for the Chinese telecom giant Huawei by refusing to grant it contracts from leading American telecom companies. This is not just about national security concerns but also about sending Beijing a clear message that the United States government is willing to block one of China’s most visible and successful companies.
While Western companies complain about barriers to public procurement and bidding and struggles to compete in restricted sectors in China, Chinese companies enjoy red carpet treatment in Europe, buying up strategic assets and major companies like Volvo and the German equipment manufacturer Putzmeister.
The perception is that China is now unavoidable and, consequently, the only option is to be accommodating — offering everything from a generous investment environment to essentially dropping human rights from the agenda. “We don’t have any stick. We can just offer carrots and hope for the best,” a senior European official told us.
Greenland, a massive resource-rich territory largely controlled by Denmark, is a case in point. Last year, it passed legislation to allow foreign workers into the country who earned salaries below the local legal minimum wage (the minimum wage there is one of the highest in the world). Chinese representatives had made it clear that Chinese state-owned banks and companies would invest in the high-risk, costly exploitation of Greenland’s vast mining resources only if the modification of local regulations would allow the arrival of thousands of low-wage Chinese workers.
The Arctic territory didn’t have too many alternatives. No other country is in a position to become Greenland’s strategic partner for its future development, given the business risks involved in the Arctic region and the scale of the investment needed in a territory bigger than Mexico but without a single highway. An American oil company couldn’t have handled the task alone. The Chinese state capitalist system, by contrast, allows multiple state-owned companies to work together, making it possible for the China National Petroleum Corporation, for instance, to extract oil while China Railway builds basic infrastructure.
Greenland’s leaders accepted China’s terms because they likely believed these costly projects might never go ahead if the Chinese didn’t get involved; only China has the money, the demand, the experience and the political will to proceed. Moreover, there are not enough skilled workers in Greenland for such projects, so the Greenlandic government made an exception to the law, allowing Chinese laborers to earn less than minimum wage figuring that local residents would benefit from new infrastructure and royalties.
China’s deep pockets, as well as its extensive labor force and unlimited demand for natural resources, made all the difference, and accordingly Greenland was prepared to pass tailor-made legislation to meet Chinese needs. Even Denmark, which holds authority in Greenland in areas like migration and foreign policy, decided not to interfere.
IT is even happening in progressive bastions like Canada. President Obama’s refusal thus far to approve the Keystone pipeline project has made Prime Minister Stephen Harper’s conservative government turn to China to secure an export market for Canadian crude oil reserves. The Calgary-based oil industry has lobbied Mr. Harper to adopt a new diversification strategy that includes the construction of a controversial pipeline to western British Columbia, despite strong opposition from environmental groups, the First Nations aboriginal communities and the public. In the meantime, Canada also signed a Foreign Investment Promotion and Protection Agreement with China, which gives remarkably generous investment protection to the Chinese.
With China in the center of debates over FIPA and the west coast pipeline, Canada’s government then approved the takeover of the Canadian energy giant Nexen by the Chinese state-owned oil firm Cnooc. The $15.1 billion transaction was China’s largest foreign takeover.
Closer economic ties have had political side effects; the Harper administration now seems much more cautious in criticizing China’s human rights record. Given that Canada was until very recently one of the fiercest voices on China’s handling of dissidents, this is not only a remarkable 180-degree turn, but also a clear indication of how China’s economic influence can push the political agenda to the sidelines, even in the West.
In Australia, Chinese accumulated investment inflows at the end of 2012 surpassed $50 billion. The trend is striking: Chinese direct investment in Australia in 2012 increased 21 percent from 2011 levels to reach $11.4 billion, making it an important player in Australia’s mining industry. Australia’s trade portfolio remains highly diversified, but the Chinese share is growing rapidly.
China has also become the biggest investor in Germany (in terms of the number of deals), surpassing the United States. Chinese companies are looking for companies that, like Putzmeister, have a technological edge and have become world leaders in niche markets. Those takeovers also allow them to absorb Western know-how on branding, marketing, distribution and customer relations. Others are more opportunistic. Faced with recession, struggling European firms like Volvo quickly welcomed Chinese partners who were ready to inject capital and take full control.
The loans that Beijing is giving worldwide are even more significant, in dollar terms, than direct foreign investment. These loans include $40 billion to Venezuela and more than $8 billion to Turkmenistan in recent years. China’s policy banks (China Development Bank and Export-Import Bank of China) are the key institutions supporting China’s “Go global” strategy, as they provide billions of dollars in loans to foreign countries to acquire Chinese goods; finance Chinese-built infrastructure; and start projects in the attractive and other industries.
This is clearest in countries where the West claims to link its aid to human rights and good business practices. Chinese loans have been crucial in countries like Angola that have faced threats of a cutoff in financing from Western creditors, the World Bank and the International Monetary Fund. Ecuador, Venezuela, Turkmenistan, Sudan and Iran have all faced such difficulties, and China has stepped in without political or ethical strings attached. Chinese statistics reveal little about these loans, but a study by The Financial Times showed that, between 2009 and 2010, China was the world’s largest lender, doling out $110 billion, more than the World Bank.
It is important to remember what is really behind China’s global economic expansion: the state. China may be moving in the right direction on a number of issues, but when Chinese state-owned companies go abroad and seek to play by rules that emanate from an authoritarian regime, there is grave danger that Western countries will, out of economic need, end up playing by Beijing’s rules.
As China becomes a global player and a fierce competitor in American and European markets, its political system and state capitalist ideology pose a threat. It is therefore essential that Western governments stick to what has been the core of Western prosperity: the rule of law, political freedom and fair competition.
They must not think shortsightedly. Giving up on our commitment to human rights, or being compliant in the face of rapacious state capitalism, will hurt Western countries in the long term. It is China that needs to adapt to the world, not the other way around. But as you noticed with all these badge wearers as well as new creations like Homeland security, Airport whatever they are called and many other fly by night badge wearing so called government officials above the law of the average citizen. This should show, why human rights are coming worst as well as humans being killed. So called CIA attacks in which there is no so called Americans there killing towns of people no matter who or how many.
War or the big war as they call it soon to take place as World War Three? Well, sheep, I would say were already seeing the future. Able to start living at lower wages for more hours or less hours and very much less wages as well as no medical. It’s coming and is already here folks. But, what do I know I just watch and report as I see it and guess what for no pay as well. It’s now called just an old man’s hobby today!
Want to hear on any subject about any country were involved in even if the media states were not. With facts to prove it? Great I have them at hand, no not on any computer at home, all you stupid ass clowns with badges. On the internet across the world. Hell, I had to use a library and pay even at air ports and hotels as well as internet coffee shops to continue a lot of information because of these clowns stealing computers on grounds of whatever. All computers always come back clean by the way. They have had one now for over three years. But, until this silly trail is over with we can’t have it back. Stone fase what his name states it is evidence. No evidence of course, but the judge has no idea as they don’t say but what they want to to the judge until they can or try to make a case. Even if no case they still do whatever they can to get people to take a deal. Hell, last one was when a dirty clown tried to chrge someone with being under the influence. Wasn’t but had that smell after all just drank a rum shot. Still cited and court and plead not guilty and if would accept a $100.00 fine for court costs then case dismissed. yup, that is all it is. the money. of course takes months to fight dirty people even courts so if no time then majority take whatever and pay over time even if not guilty to get on with their lives. Others, will fight no matter what. But, less people fighting for their rights now days! Why? With over 47 million on snap or food stamps that should tell you something! Forty-seven million Americans, half of them children, receive SNAP benefits—up 67 percent from four years ago. Thus 58 percent of beverages purchased by households receiving SNAP benefits. A lot of sugar? Unemployment rates are down from the peak of the recession, but the national unemployment rate, stuck stubbornly high at 7.4 percent, only tells part of the story. It neglects to tell you about the millions of long-term unemployed workers who have been unemployed for six months or more. It fails to capture those who have discontinued fruitless job searches. It overlooks the story of those who have returned to work, but for much lower wages than they received before the recession. As we approach Labor Day, 2013, the real state of employment and opportunity in America remains a serious challenge for many.
Of the 11.5 million individuals who were unemployed in July, more than a third (about 4.3 million) were long-term unemployed. An additional 8.2 million people were working part time either because their hours had been cut back or they could not find full-time work. Moreover, a majority of the jobs created since the recession (58 percent) are in low wage occupations.
With an increased number of discouraged workers and insufficient incomes, the need for food assistance is at an all-time high. Thankfully our nation’s anti-hunger programs were in place to meet the increased need. As the number of unemployed people increased by 94 percent from 2007 to 2011, food stamps (now the Supplemental Nutrition Assistance Program, or SNAP) responded with a 70 percent increase in participation over the same period. The program worked as intended to provide temporary, immediate food assistance in tough times.
With need at record levels, now is not the time for Congress to cut benefits or restrict access to SNAP. And yet, the nutrition-only farm bill that House Republican Leadership is expected to bring up after the August recess would do just that, cutting SNAP by a proposed $40 billion. Instead of applauding the program for responding quickly and effectively to increased need and protecting their constituents from hunger, they would slash SNAP funding and cut benefits and eligibility for millions of struggling, low-income individuals at a time of historic need. With the highest poverty rate in the state of Ohio in my district, I know that many constituents are deeply worried about making ends meet. They tell me of their struggles and literally choosing between paying for medicine and food because they cannot afford both.
According to an estimate by Feeding America, the nation’s largest hunger-relief charity, 15 billion meals would be lost over the next 10 years as a result of the House proposal. Put differently, every food bank in Feeding America’s national network would have to provide an additional 7.5 million meals each year for the next ten years to replace the meals lost by the SNAP cut. I am not sure if you have visited your local food bank recently, but I have, and they will be the first to tell you that charity cannot make up the difference if Congress cuts SNAP.
Some members of Congress have pointed to the growth in participation in SNAP as a sign of bloated government, lack of program accountability, or erosion in the American values of work and self-sufficiency. None of these allegations are true. In fact, SNAP is highly efficient. Over 95 percent of federal SNAP dollars go directly to benefits. The remaining 4.8 percent includes important services like employment and training services that help participants move from welfare to work, fraud prevention and federal oversight of the roughly 200,000 retail stores that accept SNAP benefits. In 2012, SNAP had a payment accuracy rate of 96.2 percent, an all-time program high for the program and one that is considerably higher than other major benefit programs. Among SNAP households with at least one working-age, non-disabled adult, more than half work while receiving SNAP–and more than 80 percent work in the year prior to or the year after receiving SNAP. Only 8 percent of SNAP participants receive Temporary Assistance for Needy families (TANF) benefits.
Yes, even I will and still would buy food and pay half price as it’s a big savings and also keeps me happy! Those selling their snap, for cash are just wanting to buy other things that snap won’t allow like Beer, toilet paper, and so on. After this month (August 2013) there will be a big fight in Congress over this as well as many people wanting to cut out soda’s. Yea right. Hate to tell you but donations in the millions are donated by these companies to food banks. Do that and watch and see what happens.
In fact there is so much that is going to take place in the next few months, people’s heads will swing. Hell, I remember taking chicken and grounding it up and adding beef flaors to it, so everyone felt they gor real beef. Prisoners, low income never know the difference. Well not for awhile until they get nill later on and never knowing why. Still goes on in jails and prisons today in order to budget for more money in one way or another. This is enough for today. Hopefully a few more sheep have been awaken. Oh yes donations. Send them anytime as I love to eat as well as drink and need to keep buying those stay alive pills so I can continue to party! email@example.com
Here are all stories for different sites. Seems badge wearers have no idea how to find everything at once. Try this you silly clowns.