What is Henry Kissinger Up To?

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?

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China is rapidly becoming cashless society

“I hardly use my regular bank account anymore. My salary comes in at Alipay and I make most payments with the app. They also offer better interest rates than the regular banks,” said Allen Yu, a PhD in mathematics who runs MJL, a stock picking service based on quantitative analysis. “If I borrow money, I’ll go to a peer-to-peer platform, not a bank.”

  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

Education – Chinese students in USA

beneficial economic impact of Chinese students on US colleges and universities and their local economies

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