American capitalism and the social safety net would function much better without the drain on the budget of the military/security complex. It is more correct to say that the military/security complex wants a major threat, not an actual arms race. Stateless Muslim terrorists are not a sufficient threat for such a massive US military, and … Continue reading What is Henry Kissinger Up To?
By Johan Nylander Standing in line at a Starbucks in downtown Shenzhen, I suddenly realize that no one in front of me is paying with cash. They aren’t paying by credit card either. In fact, I can’t see a single customer holding a wallet or a purse. Instead, they just hold their mobile phones over a reader and – beep! – the … Continue reading China is rapidly becoming cashless society
Singapore The Dragon Kilns at Jalan Bahar don’t do as much pottery selling as they did in their heyday. The industry has shrunk from 20 companies to 2 and the art-form has become part of the vanishing … Source: Clay Pottery Making at Thow Kwang
By Doug Tsuruoka Source: ASIA TIMES Chinese students pouring billions into US local economies A December 13 front-page story in the Wall Street Journal reported that Alabama’s Auburn University is offsetting an estimated 7,000 factory jobs lost to China in surrounding Lee County by serving as a local employer, workforce trainer and magnet for new businesses. … Continue reading Education – Chinese students in USA
Establishing balance of power in the Far East.