Purush wrote:Amazing pics of the chinese oil spill including a few of a man being rescued from drowning in the oil
http://www.boston.com/bigpicture/2010/0 ... china.html
A must-view image set.
A firefighter who was submerged in thick oil during an attempt to fix an underwater pump
Huawei won't be/can't be touched. Netzilla tried in 2003. Many others have tried before and failed. First off, the co doesn't seem to care much about bad PR, esp in NA. They seem a lot more sensitive to bad press in India than in NA. The scene in 2010 is slightly different from 2003 in the sense that Huawei has a a bit more at stake in the NA market now compared to the near zero levels of exposure it had earlier. But the levels are still a mere drop in the ocean when Huawei's total sales are concerned.
Yu Chin and his wife Sanshan Du of Troy, Mich., have been charged with, among other things, unauthorized possession of trade secrets and wire fraud.
According to the charges, from December 2003 to May 2006 Du conspired to obtain trade secrets about the automaker's hybrid vehicle technologies and passed that information to her husband who used it for the couple's own company, Millennium Technology International (MTI).
In January, 2005 GM offered Du a severance package. About five days later, she copied thousands of GM documents to a computer hard drive used for MTI business, authorities allege.
MTI later entered into a business venture to provide hybrid technology to the Chinese automaker Chery Automobile, a company that is a competitor of GM's in China.
In May 2006, the couple drove to a dumpster behind a grocery store where they discarded bags of shredded documents related to the case, authorities charge.
GM estimates the stolen information to be worth about $40 million, according to an announcement from U.S. Attorney's Office for the Eastern District of Michigan.
...China has devised a novel strategy to relieve pressure on its overcrowded prisons: employ convicts as laborers on overseas projects in the developing world. The practice has exposed another facet of China’s egregious human-rights record, which, when it comes to the overseas operations of Chinese companies, includes the government’s failure to enforce its own regulations.
...The 2009 “World Prison Population List” compiled by the International Center for Prison Studies at King’s College, London, put the total number of inmates in Chinese jails at 1.57 million – larger than the population of Estonia, Guinea-Bissau, Mauritius, Swaziland, Trinidad & Tobago, Fiji, or Qatar.
Thousands of Chinese convicts, for example, have been pressed into service on projects undertaken by state-run Chinese companies in Sri Lanka, a strategically important country for China as it seeks to enhance its regional position in the Indian Ocean. After providing Sri Lanka’s government with offensive weapon systems that helped end the country’s decades-long civil war, China has been rewarded with port-building, railroad, and other infrastructure projects.
Chinese convicts also have been dispatched to the Maldives, where the Chinese government is building 4,000 houses on several different islands as a government-to-government “gift” to win influence. So far, however, China has failed to persuade the country’s president to lease it one of the 700 uninhabited Maldivian islands for use as a small base for the Chinese navy.
A week after the Agricultural Bank of China raised nearly $20 billion from global investors in one of the biggest stock offerings in history, analysts are warning about growing risks to China’s banking system.
A report released on Wednesday by Fitch, the credit ratings agency, said Chinese banks were increasingly engaging in complex deals that hid the size and nature of their lending, obscuring hundreds of billions of dollars in loans and possibly even masking a coming wave of bad real estate and infrastructure loans, The New York Times’s David Barboza reported.
The report also said that Chinese regulators understated loan growth in the first half of the year, by 28 percent, or about $190 billion, and that many banks continued to secretly shift loans off the books, creating a “pervasive understatement of credit growth and credit exposure.”
http://www.telegraph.co.uk/news/worldne ... bbish.htmlNearly three tonnes of refuse are collected from the world's largest dam every day, but operators are struggling with inadequate manpower and equipment as rubbish accumulates more quickly due to rain-triggered floods. "The large amount of waste in the dam area could jam the mitre gate [a type of lock gate] of the Three Gorges Dam," Chen Lei, an official with the China Three Gorges Corporation, told the China Daily, the government's English-language newspaper.
ore than 150 million people live upstream from the dam. In several nearby cities, household rubbish is dumped directly into the river - China's longest - because municipalities are ill equipped for waste disposal.
Mr Chen said 5.7 million cubic feet of rubbish were collected from the dam last year
The Chinese ministry of Environmental Protection said it would not approve any further dams on the Jinsha river in the southern province of Yunnan.The ministry reacted furiously after discovering that China's two largest power companies, Huadian and Huaneng, had started work on two hydroelectric dams in January without permission.
The two companies, which generate around a fifth of China's electricity between them, were planning to spend 200 billion yuan (£20bn) on eight dams along the Jinsha, which turns into the Yangtze river as it flows into Sichuan.The project is a similar size to the Three Gorges Dam project. A statement on the ministry's website said both companies had breached the law and that it would not issue any permits to either of them for any new project.A spokesman for the ministry said the construction of the two dams without proper designs and environmental protection measures would damage the ecology of the river and hurt the local communities.
What a continuing tragedy. Contrary to all the stories about "greedy capitalists" and "impeliarist lunning dogs" , it is actually the "communist and sociarist lunning dogs" that are actually putting people's lives at risk for purely profit motive.15 month to 4 year old babies develop breasts in China
Actually, it's still the greedy capitalists and imperialistic dogs who are doing this, they just call themselves socialists nowvina wrote:There you go.What a continuing tragedy. Contrary to all the stories about "greedy capitalists" and "impeliarist lunning dogs" , it is actually the "communist and sociarist lunning dogs" that are actually putting people's lives at risk for purely profit motive.15 month to 4 year old babies develop breasts in China
[url-http://news.yahoo.com/s/afp/20100809/wl ... ymilkchild]China Milk Powder blamed for baby breasts[/url] . The boast about China becoming one of the worlds largest milk producers now falls flat. Milk is simply not a part of China's culture and most Chinese are lactose intolerant.
Just like most chinese products these seem to be be substandard adultrated scam that is having tragic consequences on people's lives.
Recently I have gone thru a four day Credit Risk Modeling class and I too can develop credit risk score cards/ratings. In fact all major financial firms and hedge funds etc have their own credit risk models and score cards.Sanjay M wrote:A Chinese Rival to S&P, Fitch, and Moody's?
Dagong Global Credit Rating wants to go global and take on its rivals' bias toward debtor countries in the West
Milk powder imported from NZ: China dairy http://timesofindia.indiatimes.com/worl ... 293811.cmsvina wrote:There you go.What a continuing tragedy. Contrary to all the stories about "greedy capitalists" and "impeliarist lunning dogs" , it is actually the "communist and sociarist lunning dogs" that are actually putting people's lives at risk for purely profit motive.15 month to 4 year old babies develop breasts in China
China Milk Powder blamed for baby breasts . The boast about China becoming one of the worlds largest milk producers now falls flat. Milk is simply not a part of China's culture and most Chinese are lactose intolerant.
Just like most chinese products these seem to be be substandard adultrated scam that is having tragic consequences on people's lives.
Nice! Is that a 3rd rail we see in the bottom right of the video (it looks like that to me). If it is, it is sort of baffling. The Chinese high speed trains seem to operate on a 3rd rail instead of a catenary, while the older train (which got passed) seems to be a 2 rail system with an overhead catenary.wrdos wrote:A train on the recently opened Nanjing~Shanghai high speed railway is overtaking another high speed train on the old existing railway.
The video was personally taken by myself in last week.
http://www.youtube.com/watch?v=MiJCULW6fnM
vina wrote:Nice! Is that a 3rd rail we see in the bottom right of the video (it looks like that to me). If it is, it is sort of baffling. The Chinese high speed trains seem to operate on a 3rd rail instead of a catenary, while the older train (which got passed) seems to be a 2 rail system with an overhead catenary.wrdos wrote:A train on the recently opened Nanjing~Shanghai high speed railway is overtaking another high speed train on the old existing railway.
The video was personally taken by myself in last week.
http://www.youtube.com/watch?v=MiJCULW6fnM
Does that mean that the new High speed trains cannot operate in the older lines (even though the gauges are the same)?
TOKYO — Japan lost its place as the world's No. 2 economy to China in the second quarter as receding global growth sapped momentum and stunted a shaky recovery.
Gross domestic product grew at an annualized rate of just 0.4 percent, the government said Monday, far below the annualized 4.4 percent expansion in the first quarter and adding to evidence the global recovery is facing strong headwinds.The figures underscore China's emergence as an economic power that is changing everything from the global balance of military and financial power to how cars are designed. It is already the biggest exporter, auto buyer and steel producer, and its global influence is expanding.
Is China Turning Japanese?
China is now the world's second largest economy. Here's why Beijing, not Washington, should be worried.
China has formally overtaken Japan as the world's second largest economy. Yet, for all the recent excited commentary, there's less cause for baijiu toasts in Beijing than they might think. That's because China's economic growth has followed what's sometimes called "the Japanese model." In Japan and other Asian countries, this model has proved extraordinarily successful in the short term in generating eye-popping rates of growth -- but it always eventually runs into the same fatal constraints: massive overinvestment and misallocated capital. And then a period of painful economic adjustment. In short: Beijing, beware.
The scions of the party might be the wealthiest members but their middle class is by no means small. The latest ADB report puts the Chinese middle class at over 810 million with annual spending power of $1.8 trillion. By comparison, our numbers are 205 million with yearly expenditures of $256 billion.wig wrote:sir, if they manage to turn the economy inwards, it follows that the chinese will get into self actualisation mode. i do not think that the CCP would desire the chinese people moving on that path. right now the maximum wealth is concentrated in the hands of persons who are lineal descendants of communist party leaders.
chola wrote:The scions of the party might be the wealthiest members but their middle class is by no means small. The latest ADB report puts the Chinese middle class at over 810 million with annual spending power of $1.8 trillion. By comparison, our numbers are 205 million with yearly expenditures of $256 billion.wig wrote:sir, if they manage to turn the economy inwards, it follows that the chinese will get into self actualisation mode. i do not think that the CCP would desire the chinese people moving on that path. right now the maximum wealth is concentrated in the hands of persons who are lineal descendants of communist party leaders.
As long as the communist party is getting wealthy on the current path they will not veer from it. But it would be a mistake to believe that it is not making the rest of Chinese wealthier as well.