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Worldwide loss of oil supply heightens Syria attack risk

"Libya's oil output has crashed to a near standstill over the past year as warlords and strikes paralyse the country, tightening the screws on global crude supply as the crisis in Syria comes to a head. There are still pockets of rising oil output, notably in the US where shale oil is rapidly reducing US dependence on energy imports. The geo-strategic effect of shale is double-edged for the US: it lowers the incentive for Washington to commit forces to the Middle East, but it also means the US is better able to handle the consequences of any oil spike. The biggest losers would be those emerging economies such as India and China that rely on fuel imports and operate inefficient industries." Continue reading →

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Deloitte Rep. Warns China, Hong Kong To Sign FATCA Agreement

"'If the BVI and Caymans comply with the FATCA [Foreign Account Tax Compliance Act], this speaks volumes about the importance of this legislation to the world at large, let alone China and Hong Kong,' said Patrick Yip, deputy national mergers and acquisitions leader at Deloitte Touche Tohmatsu. 'China and Hong Kong financial firms that think by putting assets and income into BVI and Cayman companies they can avoid the reach of FATCA, they need to think again.' Although a US law, FATCA applies worldwide to every financial institution that receives payments from US sources. The mainland and Hong Kong should sign the agreements with the US to soothe their worries, he urged." Continue reading →

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22 Reasons Why Starting World War 3 In The Middle East Is A Really Bad Idea

"Russia and China are sternly warning the U.S. government not to get involved in Syria, and by starting a war with Syria we will do an extraordinary amount of damage to our relationships with those two global superpowers. Could this be the beginning of a chain of events that could eventually lead to a massive global conflict with Russia and China on one side and the United States on the other? Of course it will not happen immediately, but I fear that what is happening now is setting the stage for some really bad things. The following are 22 reasons why starting World War 3 in the Middle East is a really bad idea." Continue reading →

Continue Reading22 Reasons Why Starting World War 3 In The Middle East Is A Really Bad Idea

Why Is the U.S. Destabilizing One Country After Another?

"[..] Sixth, the military-industrial complex and its lobbies on the Hill thrive on the profits, the work of war, the advancements, and the demand for their services that instability brings. The DHS thrives on an atmopshere of war and fear. Members of Congress thrive on making speeches about promoting rights and democracy, even though they are promoting war, instability, refugees and death. The State Department appears to have abandoned diplomacy and become subservient to the neocon influences. Seventh, the U.S. has a ready-made pro-war interest group in many churches. [..]" Continue reading →

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U.S. and China announce cybersecurity collaboration amid hacking dispute

"China and the US, which are embroiled in a bitter dispute over hacking, have agreed to set up a cybersecurity working group, US Secretary of State John Kerry said on Saturday. 'All of us, every nation, has an interest in protecting its people, protecting its rights, protecting its infrastructure,' he told reporters on a visit to Beijing. 'Cybersecurity affects everybody,' he said. 'It affects airplanes in the sky, trains on their tracks, it affects the flow of water through dams, it affects transportation networks, power plants, it affects the financial sector, banks, financial transactions. So we are going to work immediately on an accelerated basis on cyber.'" Continue reading →

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Two U.S. sailors admit to Okinawa rape charges

"Okinawa is the reluctant host of more than half of the 47,000 US military personnel in Japan. The rape provoked outrage and led to a nationwide curfew on all American military personnel in Japan. Despite the curfew, misconduct involving US servicemen, much of it drunken, has continued to fuel anti-US sentiment in communities with bases. The attack came amid already high tensions in Okinawa, which saw demonstrations last year against the US deployment to the island of Osprey aircraft. Local activists charge they have a poor safety record. Washington sees the island as a vital strategic base in a region that is increasingly wary of the power of China’s rising military." Continue reading →

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Military ready to act over Syria says U.S. Defense Secretary Chuck Hagel

"US officials said Washington wanted to cultivate military ties with Malaysia and other governments in Southeast Asia to ensure stability in the region and to encourage a peaceful resolution of territorial disputes in the South China Sea. China’s assertive stance over the waterway has raised concerns in Washington. Beijing claims virtually all of the South China Sea and has stoked rising concern among rival claimants, particularly the Philippines, of a gradual takeover of disputed islets. The Pentagon is offering help to Southeast Asian countries with ships, aerial reconnaissance, joint training and other initiatives as they try to better monitor their coastal waters." Continue reading →

Continue ReadingMilitary ready to act over Syria says U.S. Defense Secretary Chuck Hagel

Scientists: Legalize horn sales to save endangered rhinoceroses

"Attempts to discourage the use of rhino horn have failed, the scientists said, and, without a legal avenue to obtain the ingredient, the black market has stepped in. 'Rhino horn is now worth more than gold,' the scientists noted, saying that a kilogram that cost $4,700 in 1993 would fetch around $65,000 in 2012. Poachers, enticed by the high price tag, have swarmed, and 'poaching in South Africa has, on average, more than doubled each year over the past 5 years.' They liken their proposal to the legal trade in farmed crocodile skins, which has saved the endangered reptiles from over-hunting. A similar proposal for the rhinoceros was rejected 20 years ago." Continue reading →

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Life in a Toxic Country

"I recently found myself hauling a bag filled with 12 boxes of milk powder and a cardboard container with two sets of air filters through San Francisco International Airport. I was heading to my home in Beijing at the end of a work trip, bringing back what have become two of the most sought-after items among parents here, and which were desperately needed in my own household. China is the world’s second largest economy, but the enormous costs of its growth are becoming apparent. Residents of its boom cities and a growing number of rural regions question the safety of the air they breathe, the water they drink and the food they eat." Continue reading →

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Paris Pickpockets Are Profiling Chinese Tourists

"Chinese visitors are descending on Paris in record numbers and their lavish spending on luxury brands has made them an irresistible target for thieves. Petty crime between January and the end of June in one of the world’s most-visited cities jumped 7.8 per cent compared with the same period in 2012 – but it was up by more than 24 per cent when it came to Chinese tourists. Jean-Francois Zhou, a tour operator based on the Champs-Elyseés, says that thieves see the hordes of Chinese as prime targets because they carry far more cash than visitors from other countries." Continue reading →

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