On Monday, Gordon Chang, the author of The Coming Collapse of China and regular contributor at Forbes.com, was interviewed on Yahoo’s Daily Ticker, where he observed, “If you look at all of [China’s] indicators, they all point down.”
Among those indicators were electricity consumption (flat), car sales (flat), property prices (collapsing), and industrial orders (down). And there is more to come, much more. The Chinese communist government is slowing the rate of growth of the money supply in order to “fight inflation,” the natural result of nearly 30 years of expanding that money supply in order to catapult the Chinese agrarian economy into the 21st century. And such slowing is having the same expected effect: As the economy slows down, bankruptcies increase, tax revenues decrease, and the economy slows down further.
Chang added, “We’ll see more obvious signs of deterioration in the Chinese economy over the next six months.” He noted that one of those signs is the increasing civil unrest including riots, bombings, and insurrections taking place across the country.
Texas Republican Congressman Ron Paul engaged in sharp exchanges during the December 15 Fox News debate with fellow GOP presidential candidates Minnesota Congresswoman Michele Bachmann and former Pennsylvania Senator Rick Santorum on whether the United States should attack Iran.
Fox News Channel host Bret Baier started the discussion on Iran in the Sioux City, Iowa, debate with a question that claimed "GOP nominee Paul would be running left of Obama on the issue of Iran." Baier had noted that Paul proposes removing economic sanctions against Iran, including the sanctions that Obama had imposed.
Paul responded by claiming the war-weary American people would be on his side. "But I would be running with the American people because it would be a much better policy," Rep. Paul replied, stressing that there's no evidence Iran is near to obtaining a nuclear weapon. "To me, the greatest danger is that we would overreact." Paul also likened the anti-Iran propaganda to the lead-up to the Iraq war, a war he opposed because he discounted exaggerated claims that Iraqi dictator Saddam Hussein possessed stockpiles of weapons of mass destruction. "That’s how we got involved in the useless war in Iraq and lost so much in Iraq."
Here's the latest "Freedom Index: A Congressional Scorecard Based on the Constitution."
The U.S. government lost a spy drone over Iran. Is it part of an ongoing covert war? Either Iranian forces shot it down or it fell out of the sky. We may never know which, but now the Obama administration wants it back. Iran says no. It is apparently studying the craft’s advanced stealth and other technology — and perhaps attempting to reverse engineer it.
This is not analogous to playful kids who accidentally throw a baseball into a neighbor’s yard and ask for it back. The U.S. government has been making war sounds in Iran’s direction for years, and these belligerent noises have grown louder in recent months. While there are grounds for believing the U.S. military does not want to attack Iran, which is far larger and more populous than Iraq and would require a long, bloody involvement throughout the region, President Obama and Secretary of State Hillary Clinton insist that “all options are on the table.”
U.S. forces will not be leaving Afghanistan when Afghan troops are scheduled to take responsibility for the country's security in 2014, American officials in Kabul have said.
“If you're waiting for us to go, we're not leaving,” Marine General John Allen, the top commander of U.S. and NATO forces, said, according to a report in Monday's USA Today. The United States has 90,000 troops in Afghanistan, along with 30,000 from NATO allies. By the end of next summer, the American troop level is expected to be reduced the 68,000. Americans will be training the Afghan Air force until 2016, but how many troops will remain or what additional roles they will play has not been announced and may not yet be decided.
"This is a work in progress," Allen said. "The continued work beyond '14 in terms of development of economic capability and governance will continue. We will also see, probably, a U.S. military capability beyond '14."
“I don’t know what we’re going to be doing in 2014,” Ryan C. Crocker, U.S. Ambassador to Afghanistan told journalists earlier this month. A continued American military presence would be contingent on the wishes of the government in Kabul, he said. “They would have to ask for it,” Crocker said. “I could certainly see us saying, ‘Yeah, makes sense.’ ” That request will likely be forthcoming, since Afghan leaders earlier this year called for continued political and military support for at least another decade. That would extend America's military involvement to 20 years from the time U.S. forces invaded Afghanistan and toppled the Taliban government in the fall of 2001.
North Korea’s official government-controlled media announced that the country’s “Dear Leader,” Kim Jong-Il, died on Saturday at age 69 from “physical and mental overwork.” A teary-eyed TV anchorwoman claimed, “It is the biggest loss by the party … and it is our people and nation’s biggest sadness … [but we must] change our sadness to strength and overcome our difficulties.”
Those "difficulties" can be traced back to at least the assumption of power by Kim Il-Sung in 1945 as he established a Stalinist totalitarian system in the country and enforced it with iron rule until his death in 1994. His son, Kim Jong-Il assumed the mantle of dictator after having been groomed for the position for years prior to his father’s death.
A “cult of personality” was firmly established by the “Eternal President” (a title given to Kim Il-Sung at his funeral service) and extended by his son: Portraits of them hang in every building and every North Korean wears a Kim Il Sung lapel pin.
Use this "Agenda" issue to set goals for yourself and to explain the JBS to others.
JBS CEO Art Thompson's weekly video news update for December 19-25, 2011.
Former Vice President Dick Cheney has faulted President Barack Obama for requesting the return of an unmanned U.S. spy plane downed in Iran. Cheney said in an interview with CNN News that the United States should have taken military action to destroy the plane before the Iranians could gather critical intelligence and technological data from it.
Nearing the end of nearly nine years of American military occupation of Iraq, President Barack Obama Monday warned other nations against interfering in Iraq's internal affairs.
"Just as Iraq has pledged not to interfere in other nations, other nations must not interfere in Iraq," Obama said after meeting Iraqi Prime Minister Nuri al-Maliki at the White House. The statement is seen as a warning to Iran not to interfere in the affairs of its neighbor. Iran and Iraq warred against one another in the 1980s when Iraq was under the rule of Saddam Hussein, but forged new ties since Maliki's government has been in power in Baghdad. The United States, fearing Iran may develop nuclear weapons, is using sanctions and other means to pressure the Tehran government to abandon its nuclear program and is hoping neighboring Iraq will retain its close ties to the United States. The United States has the world's largest embassy in Iraq and will retain some 16,000 employees there. But the Baghdad government is expected to exercise its independence in relations with Iran as well as other countries in the region.
"I think that obviously the US troop withdrawal will mean that there's less influence, less US influence," Ali al-Saffar, an Iraq analyst with the Economist Intelligence Unit in London, told the French international news service Agence France-Presse (AFP).