China

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Monkey See, Monkey Beat
 Monkey See, Monkey Beat 
Dec 18, 2008 3:45 AM CST

Monkey See, Monkey Beat

Abused monkeys go ape after beating from trainer

(Newser) - A Chinese animal trainer found his trio of performing monkeys to be quick learners when he tried to give one a public beating, the Daily Mail reports. One of the bicycle-riding monkeys twisted the man's ear while another sank its teeth into his head. A third picked up the man's...

China May Launch Pirate Patrol
 China May Launch Pirate Patrol 
Dec 18, 2008 2:09 AM CST

China May Launch Pirate Patrol

Officials weigh Chinese naval mission in 500 years

(Newser) - China is poised to embark on its first naval combat mission in 500 years—to take on pirates off the coast of Somalia, reports the Financial Times. Any patrols launched would be closely monitored by the US, Russian and British navies, concerned about China's growing  military power. 

4 Financial Doomsday Scenarios
 4 Financial Doomsday Scenarios 
ANALYSIS
Dec 17, 2008 11:20 AM CST

4 Financial Doomsday Scenarios

(Newser) - James Rickards is far more pessimistic about the economic crisis and its global implications than most of his analyst colleagues, Politico reports. But he’s also well respected by US intelligence and defense services. Here are four of his nightmare scenarios.
  • Terrorism: Al-Qaeda has long sought to disrupt the US 
...

Madoff Scheme Not Much Worse Than Legal Ones
Madoff Scheme Not Much Worse Than Legal Ones
OPINION
Dec 17, 2008 10:30 AM CST

Madoff Scheme Not Much Worse Than Legal Ones

End of communism let Wall Street become unhinged: Friedman

(Newser) - Wall Street used to be the epicenter of capitalism that the whole world wanted to emulate, but, on a trip to Hong Kong, Thomas Friedman discovers that the American financial establishment has lost its credibility. "We don’t just need a financial bailout," he writes in the New ...

Pirates Step Up Attacks After UN OKs More Force

Security Council says foreign forces can pursue Somali miscreants onto land

(Newser) - Pirates attacked more vessels off the coast of Somalia today despite a UN Security Council decision green-lighting foreign military forces to pursue them on land, reports the BBC. Four ships were attacked, and three—a tugboat, merchant ship, and private yacht—were being held by the pirates. A Chinese ship...

China's Great Firewall Back Up
 China's Great Firewall Back Up 
Dec 16, 2008 3:43 PM CST

China's Great Firewall Back Up

Censorship, relaxed during Olympics, on rise again as economy slows

(Newser) - China has quietly reinstated the web censorship lifted during its Olympics image cleanup, the New York Times reports today. As in the past, the tightening comes as growing unemployment raises the government’s fears of social unrest. The government defended its right to censor sites that violate Chinese secession laws,...

China to Lop Off Tall Buildings in Hangzhou

Hangzhou aims to become World Heritage site

(Newser) - Hoping to turn the city into a World Heritage site, China is lopping top floors off tall buildings in Hangzhou, the BBC reports. Two hotels, a TV tower, and other buildings will get the shrinking treatment in a $5.8 million effort; the city’s government has said that all...

Chinese Exports See First Drop in 7 Years

Unexpected 2.2% fall has analysts fearing major crisis for powerful economy

(Newser) - China’s exports have taken a sudden, unexpected hit from the global economic crisis, possibly an early indication that the world’s fourth-largest economy is on the verge of crisis. Exports, expected to rise at least 15%, shrunk instead by 2.2%, marking the first such fall in 7 years...

Despite Reforms, Russian Firms Most Likely to Bribe

Survey names Belgium, Canada most graft-free nations

(Newser) - Russian and Chinese companies are most likely to mix business with bribes when traveling abroad, a corruption watchdog found, despite promises from their governments to root out graft. Transparency International, which said the kickback trend points to firms from emerging economic powers, cited the practice’s “damaging impact on...

Books Map A-Bomb's Spread
 Books Map A-Bomb's Spread 
Dec 9, 2008 11:49 AM CST

Books Map A-Bomb's Spread

Authors track nations' paths to nuclear club

(Newser) - When it comes to the spread of nuclear weapons, all paths lead back to the US, the New York Times reports in a look at two books. In The Nuclear Express, the authors chart the rise of the world's nine nuclear nations and conclude that "since the birth of...

Hong Kong Reports Bird Flu Outbreak

(Newser) - Three dead chickens tested positive for bird flu in Hong Kong, prompting the city to suspend poultry imports for 21 days and begin slaughtering tens of thousands of birds, an official said today. "We feel that Hong Kong is facing a new alert for bird flu," said the...

Recession Has US Recycling Industry in Dumpster

Scrap fetching a fraction of the price it used to—if it's not cheaper to send it to landfills

(Newser) - With the economy tanking, recyclable material is selling like, well, trash. Mixed paper, which sold for $105 per ton as recently as October, now fetches $20-$25, the New York Times reports. “It’s awful,” said one recycling rep, who says her yard is packed with refuse that can’...

China Warns of Sanctions for Sarkozy-Dalai Lama Meeting

Dalai Lama criticism of China's lack of 'moral authority' sparks Beijing fury

(Newser) - China is making noises about possible trade sanctions against France to protest President Nicolas Sarkozy's plans to meet tomorrow with the Dalai Lama in Poland, reports the Times of London. Such a meeting threatens the "long-term development of ties" with France, warned a Chinese official. China has already pulled...

Quake-Bereft Chinese Sow New Baby Boom

Parents who lost state-mandated only child rush to conceive again

(Newser) - Some parents who lost their state-mandated only child in China’s May earthquake—which crushed at least 19,000 students under shoddy school buildings—are rushing to conceive again, the Wall Street Journal reports. The Chinese government announced an exemption from its one-child policy for such victims, and more than...

Scientists Sniff Out Ancient Stash of Pot

2 lbs. of green plant material found in 2700 year-old grave

(Newser) - Scientists excavating a grave in China’s Gobi desert have found what they believe is the world’s oldest marijuana stash, reports Discovery News. Two pounds of still-green plant material were found in a 2,700-year-old grave belonging to a Caucasian man researchers believe may have been a shaman.

Nader: Obama Should Pitch a Worldwide Carbon Tax

Because China won't agree to a cap-and-trade

(Newser) - The cap-and-trade system Barack Obama favors to deal with climate change won’t work, Ralph Nader and Toby Heaps write in the Wall Street Journal, and it’ll lead to “trade anarchy.” Any unilateral action we take must be global; otherwise, companies will simply relocate, taking jobs and...

Dow Off 679 on Dour Data
 Dow Off 679 on Dour Data 
MARKETS
Dec 1, 2008 3:20 PM CST

Dow Off 679 on Dour Data

Global manufacturing indexes report contraction

(Newser) - The stock market tumbled today amid dismal global economic data, MarketWatch reports, including a report by a group of economists that, by their measure, the US economy has been in recession since December 2007. The Dow fell 679.95 to close at 8,149.09. The Nasdaq dropped 137.50,...

Finish My Fight With Big 3: Gore to Obama

We need urgent action, Gore warns

(Newser) - Al Gore doesn't want a White House job, but he does have advice for Barack Obama: Use the bailout plan to transform the Big Three automakers. As vice-president, Gore rolled out a billion-dollar program to pay for fuel-efficient Detroit vehicles—"but as soon as they felt they were...

China Scraps Summit Over EU Meetings With Dalai Lama

Relations between Brussels and Beijing hit a new low

(Newser) - The Chinese government canceled a summit with leaders of the EU in response to the plans of several European countries to host the Dalai Lama next month, the Financial Times reports. The summit was to address the global financial crisis, and an EU statement expressed regret that China pulled out....

China's Richest Man Vanishes Amid Probe

Tycoon was said to be under investigation for insider trading

(Newser) - China's biggest electronics retailer is trying to find out what happened to its founder, Marketwatch reports. Huang Guangyu, ranked the richest man in China in a recent report, has been not been seen since last week. The tycoon was being investigated for insider trading, but company representatives said government officials...

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