Want China Times Zhou Yongkang, the retired Communist Party heavyweight whose graft investigation was announced this week, is alleged to have had affairs with more than 400 women, our sister newspaper China Times reported on July 30. Rumors circulating concerning the country’s former public security
Shanghai Daily CHINA will ensure the “orderly” migration of about 100 million rural workers into cities by 2020, supported by expanded social welfare and more job opportunities, the government said yesterday, as part of plans to push its urbanization program. Authorities have pledged to loosen
Something is amiss…Duh..no shit. Unlimted free money for bankers and importing the poor of Latin America will only collapse what is left of the American middle class. Labor supply goes up…Labor prices go down. Simple economics 101. Americans have been betrayed by their leadership, elite,
A river today became blood red due to illegal dumping of something. Investigation is underway. “Then the third angel poured out his bowl on the rivers and springs, and they became blood. And I heard the angel who had authority over all water saying, “You
With nothing left to offer the world but Vulture funds and IOU’s, the world is walking away from the U.S. The nation of China is upending the global order by creating and funding institutions which will loan and build infrastructure across the global to the
FT Qualcomm became the latest US technology company to suffer a reversal in China, as it warned on Wednesday that a government investigation there had added to its difficulties in collecting licensing fees on new mobile devices. The mobile chipmaker’s shares slid by as much
American firms have now found themselves on the outside of the world’s largest I.T. market, China, thanks to NSA spying. As we reported just after the Snowden leaks became public the Central government in Beijing was shocked at the extent of collaboration of American I.T.
The U.S. has been slowly evolving into the new evil empire and their elites don’t even notice it. A tragedy has occurred with Russian separatists no doubt shooting down a commercial airliner. Instead of questioning the foresight of commercial airlines about trying to save money
Want China Times
Zhou Yongkang, the retired Communist Party heavyweight whose graft
investigation was announced this week, is alleged to have had affairs
with more than 400 women, our sister newspaper China Times reported
on July 30.
Rumors circulating concerning the country’s former public security tsar
include charges of corruption, attempting to murder Xi Jinping, now
president, and defection. What can be confirmed is that the state newswire
Xinhua announced at 6pm on July 29 that the party’s Central Commission for
Discipline Inspection has officially established an investigation into Zhou.
It was noted that Xinhua’s report did not refer to Zhou as “comrade,”
suggesting he is no longer one who enjoys the protection of belonging.
China Times repeated claims of investigators who said Zhou owns at least
six “private residences” for him to “have fun with different women” in Beijing.
The 71-year-old man was alleged to have had sex in a car with CCTV anchor
Ye Yingchun on Nov. 29, 2013, two days before he was arrested and detained.
Zhou recently underwent surgery for bladder cancer, the paper claimed.
China Times reported claims that Zhou began to have extramarital affairs
from 1999, when he was the party secretary of Sichuan province. He would
allegedly be supplied with women by officials who wished him to use his
influence in their favor.
Jia Xiaoye, (pictured below) a CCTV anchor who became Zhou’s second wife,
is alleged to have been a “gift” from Li Dongsheng, former vice minister
of public security and former vice president of CCTV, although the 43-year-
old former anchor for CCTV claimed she met Zhou via regular news interviews.
After he was made head of the Central Politics and Law Commission in 2007,
it is alleged that Zhou had sex in his office, and former Chongqing party
secretary Bo Xilai and Bo’s police chief Wang Lijun were said to be his “pimps.”
Zhou is also alleged to have engaged in wife-swapping activities with his
colleagues or subordinates. He was also reported to have had an affair with
Bo’s wife Gu Kailai. Gu was jailed in 2012 for the murder of British businessman
Neil Heywood, while Wang was jailed the same year in part for his role in
helping to cover up the murder. Bo, who was at one time accused of plotting with
Zhou to undermine the party’s leadership transition in 2012, was given a life
sentence last year for corruption
CHINA will ensure the “orderly” migration of about 100 million rural workers
into cities by 2020, supported by expanded social welfare and more job
opportunities, the government said yesterday, as part of plans to push its
Authorities have pledged to loosen their grip on residence registration, or
hukou, which stops migrant workers and their families from getting access to
education and social welfare outside their hometowns.
The government aims for 60 percent of the population of almost 1.4 billion
to be living in cities by 2020, turning millions of rural dwellers into
consumers who could be a driving force for the world’s second-largest economy.
Something is amiss…Duh..no shit. Unlimted free money for bankers
and importing the poor of Latin America will only collapse what is
left of the American middle class. Labor supply goes up…Labor prices
go down. Simple economics 101. Americans have been betrayed by their
leadership, elite, and political parties. Until they wake up to
that fact, things will only get worse.
Economic inequality in the United States has been receiving a lot of attention.
But it’s not merely an issue of the rich getting richer. The typical American
household has been getting poorer, too.
The inflation-adjusted net worth for the typical household was $87,992 in 2003.
Ten years later, it was only $56,335, or a 36 percent decline, according to a
study financed by the Russell Sage Foundation. Those are the figures for a
household at the median point in the wealth distribution — the level at which
there are an equal number of households whose worth is higher and lower.
But during the same period, the net worth of wealthy households increased
The Russell Sage study also examined net worth at the 95th percentile.
(For households at that level, 94 percent of the population had less wealth
and 4 percent had more.) It found that for this well-do-do slice of the
population, household net worth increased 14 percent over the same 10 years.
Other research, by economists like Edward Wolff at New York University, has
shown even greater gains in wealth for the richest 1 percent of households.
For households at the median level of net worth, much of the damage has occurred
since the start of the last recession in 2007. Until then, net worth had been
rising for the typical household, although at a slower pace than for households
in higher wealth brackets. But much of the gain for many typical households came
from the rising value of their homes. Exclude that housing wealth and the picture
is worse: Median net worth began to decline even earlier.
“The housing bubble basically hid a trend of declining financial wealth at the
median that began in 2001,” said Fabian T. Pfeffer, the University of Michigan
professor who is lead author of the Russell Sage Foundation study.
The reasons for these declines are complex and controversial, but one point seems
clear: When only a few people are winning and more than half the population is
losing, surely something is amiss.
A river today became blood red due to illegal dumping of something.
Investigation is underway.
“Then the third angel poured out his bowl on the rivers and springs, and they
became blood. And I heard the angel who had authority over all water saying,
“You are just, O Holy One, who is and who always was, because you have sent
these judgments.Since they shed the blood of your holy people and your prophets,
you have given them blood to drink.
It is their just reward.”
With nothing left to offer the world but Vulture funds and IOU’s, the world
is walking away from the U.S.
The nation of China is upending the global order by creating and funding
institutions which will loan and build infrastructure across the global to the
benefit of emerging countries and Chinese companies.
To make matters worse, Chinese GDP is expected to be 2-3 times as large as the
United States in only 15 years. And that number assumes a optimistic 2% growth
for the United States until 2030.
Qualcomm became the latest US technology company to suffer a reversal in
China, as it warned on Wednesday that a government investigation there
had added to its difficulties in collecting licensing fees on new mobile
The mobile chipmaker’s shares slid by as much as 5 per cent in after-market
trading after it forecast that it would miss out on licensing fees on as
many as a quarter of a billion smartphones and tablets made in China this year.
American firms have now found themselves on the outside of the
world’s largest I.T. market, China, thanks to NSA spying.
As we reported just after the Snowden leaks became public the
Central government in Beijing was shocked at the extent of
collaboration of American I.T. firms with the U.S. intelligence
community. Directives quickly went out to limit sales of
U.S. tech equipment. Purchasing departments were to buy Chinese
at all costs, if the tech was not available at a reasonable price
they should buy European. Sure enough, we soon saw the sales and
earnings of U.S. tech companies go down with the companies blaming
China for the earnings woes.
Now further evidence has surfaced with Huawei set to double revenues.
The U.S. has been slowly evolving into the new evil empire and their
elites don’t even notice it. A tragedy has occurred with Russian separatists
no doubt shooting down a commercial airliner. Instead of questioning the
foresight of commercial airlines about trying to save money by flying through
a civil war zone where military planes are getting shot down, the U.S.
secretary of State John Kerry instantly went on the media networks trying to
pin the blame on Putin. Why on earth would Putin want to take down a commercial
plane? Of course, he would not. Kerry’s CIA conceited backstory of course was
then carried through by the American state media outlets such as CNN.
(Note: Kerry’s son is now on the board of the Ukrainian gas company)
The U.S. instantly saw the deaths of so many people as just one more propaganda
ploy in projecting power into the region. The U.S. will not stop until the Oligarchs
are back in charge of Russia, and the same group is controlling the countries
Central Bank and oil reserves.
Jim Rogers is probably better now known in China now than even the U.S.
In this interview on Chinese television he expects Gold prices will
struggle, but then skyrocket. He tells the truth that the U.S. government
is lying about inflation and tells the audience, to NEVER sell your
RMB. The Japanese Yen went up 700-800% and still run trade surpluses
against the U.S. It will be the same for China. What is telling is that
the Chinese presenter, like most Chinese I know still don’t understand
that a stronger currency equals national strength. Factories in China
can no longer find workers, you need to let the RMB rise and balance the
economy with more service industries while at the same time making all
of the imported commodities cheaper. It is the holding down of the RMB
that has led to over investment in factories and the resulting pollution
while at the same time stunting the service sector.
What U.S. viewers may find interesting is the reaction of the Chinese
presenter when she asks” Why doesn’t the U.S. bring back manufacturing to
the country so that people have jobs?” She looks dumbfounded and can’t
understand why a country would actively unemploy its working class.
Argentina has been under attack by New York Vulture
funds for close to a decade. The New York Capital funds
have been able to close Argentina out from global capital
markets. In a shocking turn of events, Argentina is now
walking away from global capital markets and turning to China.
Rail lines and hydroelectric plants will now be funded by
China not the Western backed agencies such as the World
Bank or IMF. The countries have also signed an $11 billion
dollar swap agreement as trade between the countries will
be converted to RMB.
By Eliana Raszewski
(Reuters) – Argentina signed deals on Friday to borrow $7.5
billion from China at a time when the Latin American country
cannot tap global capital markets because of disputes over
Among the deals signed, Argentine President Cristina Fernandez
and her Chinese counterpart, Xi Jinping, agreed on a loan for
$4.7 billion from the China Development Bank for the construction
of two hydroelectric dams in Patagonia. China Gezhouba Group Corp
and Argentina’s Electroingenieria SA won contracts last year to
build the two dams, which will have a combined generating
capacity of 1,740 megawatts.
The Chinese bank also granted a $2.1 billion loan to help finance a
long-delayed railway project that would make it more efficient to
transport grains from Argentina’s agricultural plains to its ports.
“It’s a day we can define as foundational in the relations between
our two countries,” Fernandez said after signing the deals.
China is Argentina’s second-largest trading partner after neighbor
Brazil. In 2013, Argentina’s trade deficit with the Asian country
increased more than 20 percent to $5.8 billion.
Argentina is the world’s third-largest exporter of soy and corn.
China is the main buyer of its soybeans.
Xi, China’s first president to visit Latin America’s third-largest
economy in a decade, arrived in the capital city of Buenos Aires on
Friday after participating in a summit of emerging economies of the
BRICS nations – Brazil, Russia, India, China and South Africa – in
Fortaleza, Brazil, earlier this week.
He also signed a three-year agreement for an $11 billion swap
operation between the central banks of Argentina and China that
will let the Latin American country pay for Chinese imports with
the yuan currency.
“The exchange will mainly serve to facilitate investments in the
currency of the country providing the funds and to strengthen the
level of international reserves,” the Argentine central bank said
in a statement.
Fernandez said the deal between the two central banks could offer
“stability in exchange rates at the moment we are, as a country,
suffering speculative attacks by vulture funds.”
David Chazan, The Telegraph
The head of France’s business federation has called for an end to the
75pc tax rate and to the 35-hour working week, saying the country’s
economy is “catastrophic”.
Pierre Gattaz, president of the Medef – France’s equivalent of the CBI –
said the 75pc tax that companies are forced to pay on employees’ annual
salaries above €100,000 (£79,000) was damaging France’s competitiveness.
“It’s a symbol which, like the 35 hours, has gone around the planet, and
it’s destructive. I never meet a single Chinese or American who doesn’t
bring it up,” said Mr Gattaz. “The economic situation of the country is
catastrophic … if France was a company, it would be going bankrupt.
Americans may have finally had enough. Protesters around the country
are fighting back against having illegal aliens dumped into their
towns and cities. Second revolution flags are going up everywhere
across the country. A protester in a small town in Michigan, Rod
Diener, 53, said it best when asked about the hundreds of illegals
dumped into his small Michigan town which is near bankruptcy with
bordered up factories all across town. ” I don’t know why they
chose us, we have nothing.”
As the richest city in the country, the government capital , continues
to dump illegal children in cities across the country, the point that
is missed by the mainstream media is that it is not the Federal government
that will foot the bill but the local communities which will have to pay.
Everything Americans need in daily life, schools, police, fire departments
are paid for by local taxes. The Federal government takes 35% of the top
for a new class of Apartichuck government employees while the average
American is hung out to dry.
Finally…today, one governor has stood up and taking responsibility
deploying the national guard of Texas to the border. All southern
states will join them if a Texas vs D.C. clash escalates.
‘OUR CITIZENS ARE UNDER SIEGE’: PERRY SENDS NATIONAL GUARD TO BORDER
Monday, Texas Gov. Rick Perry (R) announced he is deploying 1,000 Texas
National Guard to the U.S. border with Mexico, saying he can not idly
sit by while “our citizens are under siege.”
Pointing out the tens of thousands pf unaccompanied minors only make up
roughly 20 percent of those being apprehended illegally crossing the border,
Perry said he can no longer wait for the president to act as gang members
and drug cartels flood into Texas, causing crime to skyrocket. Perry pointed
out Texas tax payers can not bear the expense of processing and housing the
surge of illegal immigration caused by President Obama’s 2012 executive action
“Dream Act” which has given people in Central America the idea children will
be allowed to stay once in the U.S.
Perry has repeatedly called on President Obama to visit the border, calling
his refusal Obama’s “Katrina,” moment.
Hedge Fund Assets Hit $2.8 Trillion
Jul 21 2014 | 10:55am ET
Another quarter, another all-time high for hedge fund assets.
The global hedge fund industry took in $30.5 billion in new money
in the second quarter, pushing its asset base to a new record of
$2.8 trillion, according to Hedge Fund Research.
The second quarter’s inflow is the eighth straight for the industry,
and topped the first quarter’s $26.3 billion. In fact, last quarter’s
was the largest infusion of new capital into hedge funds since the
first quarter of 2011.
Hedge Funds Slash Long Oil Holdings
Jul 21 2014 | 10:53am ET
Hedge funds exited bullish bets on oil en masse earlier this
month. Hedge funds and other money managers cut their net-long
positions in Brent crude by nearly 25% in the week ended July
15, the IntercontinentalExchange said. The move comes as oil
prices hit a three-month low, and increase the reduction in
bullish bets to nearly 40% since last June.
Speculators also exited nearly $6 billion in long oil bets on
the New York Mercantile Exchange last week, capping the largest
four-week reduction by hedge funds and others in the exchange’s
Shanghai has shut a factory of US food producer OSI Group for selling out-
of-date meat to restaurant giants including McDonald’s and KFC, authorities
said Monday, in China’s latest food safety scandal.
A Shanghai television channel, which reported the original allegations, said
that workers at the plant mixed expired meat with the fresh product and
deliberately misled quality inspectors from McDonald’s.
Television footage showed workers in white suits picking up meat and hamburger
patties from the floor before putting them back into processing machinery,
and one employee handling out-of-date beef and calling it “stinky meat”.
The United States and Japan are in the early stages of integrating their
space programs to prevent China from stalking their satellites, according
to a Bloomberg Businessweek article.
The Chinese were probably testing a mobile rocket booster for an
antisatellite weapon last May under the name of science space mission,
said Brian Weeden, a retired US Air Force officer. As Weeden described,
the weapon could reach targets in geostationary orbit about 22,236 miles
above the equator.
The range is the stomping grounds of expensive US spacecraft that monitor
battlefield movements, detect heat from the early stages of missile launches,
and help orchestrate drone fleets, making any activity there worrisome to
Washington. China has launched at least six antisatellite missile tests
since the destruction of a defunct Chinese weather satellite in 2007.
American and Japanese analysts say China has the most aggressive
satellite attack program in the world.
In addition, Lance Gatling, president of Nexial Research, an aerospace
consultant in Tokyo, said that China has studied ground-based lasers that
could take down a satellite’s solar panels and satellites equipped with
grappling arms that could co-orbit and then disable expensive US hardware.
Bremner added that the United States is most vulnerable to a Chinese laser
attack since 43% of all satellites in orbit belong to the Pentagon or
China is also dispatching a fleet of smaller, mobile satellites such as the
GF-1 that would be harder for adversaries to find and destroy. Their primary
mission is to locate and follow US satellites in orbit before the People’s
Liberation Army launches the attack against them. Lockheed Martin won a US$914
million contract from the United States Air Force on June to build a ground-
based radar system that will track objects as small as a baseball, which
could help identify a satellite attack as it is happening.
Guo Meimei Arrested By Beijing Police for Sports Gambling, Rumors
That She Owes 260 Million RMB. According to a tip, Guo Meimei has
been arrested by Beijing Police for sports gambling! Guo Meimei
loves gambling and has previously shown off gambling large sums in
Macau. As police have been cracking down on online World Cup
gambling, Guo Meimei has been netted.