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Monday, October 25, 2010


USA flooding the world with greenbacks is causing havocs!

Ancient Italian Town Turns Against Chinese Migrants.

VOAvideo | October 23, 2010 - An estimated 40,000 Chinese, both legal residents and illegals, are living in the Italian town of Prato, not far from Florence. They constitute a quarter of the town's population and are one of the biggest concentrations of Chinese in Europe. Most come from one town in China, Wenzhou near Shanghai. Nearly all are involved in manufacturing textiles and cheap clothes on a huge scale - producing up to one million garments a day. In recent months, tensions in Prato between Italian residents and the Chinese have spiked with accusations that the migrants aren't playing by the rules. Henry Ridgwell visited this town in the heart of Tuscany confronting the reality of a globalized world.

Sunday, October 24, 2010

China's Rare Earths Leverage

Dispatch STRATFORvideo | October 20, 2010 - Analyst Matt Gertken examines the geopolitical ramifications of China constricting exports of rare earth elements for its own economic reasons.

Saturday, October 23, 2010

UK budgets cuts vs US stimulus spending.

Counting the Cost - Anarchy in the UK?

AlJazeeraEnglish | October 23, 2010 - We look at George Osborne's budget cuts for the UK and explore the notion of spending versus austerity.

Friday, October 15, 2010

Currency war!

China yuan warning ahead of US currency report

yuan notesCountries including the US have accused China of keeping the yuan artificially low
The US should not use the weak yuan as a "scapegoat" for its own economic problems, a Chinese government spokesman has said.
At a regular briefing, commerce ministry spokesman Yao Jian said China would continue to reform its currency policy, but at its own pace.
The US government has delayed a report - which was expected on Friday - which could officially brand China a "currency manipulator".
Despite criticism, the US has so-far stopped short of that formal move.

Read full report:-

Thursday, October 14, 2010

'Euro sheer lunacy, get national money back'.

RussiaToday | October 13, 2010 - It is not the people of Germany but rather the political class, that wants to support the euro, said business consultant and author, Professor Max Otte. "The political class almost unanimously wants it supported. There are some dissidents, but it is part of the German reason of state that we are good Europeans, we are good citizens of the world," he said. "We forgot that Germany also has national interests of its own. Of course, we should cooperate. Of course, we should be good partners, but we do not have to do everything. The political class is firmly behind the euro, so in this case it does not matter what the population is thinking."

Tuesday, October 5, 2010

US weddings halted by poor economy & UK Austerity.

AlJazeeraEnglish | October 05, 2010 - Wedding ceremonies are usually big business in the United States. More than $70 billion dollars are spent on average per year on the glamourous occasion in the country.

But in the current economic climate, almost half of American adults have decided to put off a walk down the aisle in hopes for a more promising future that will let them fulfill their ideal wedding experience.

John Terret reports from Washington DC, the US capital