Beware, the ides of recession - baton passes to Asia


	Beware, the ides of recession - baton passes to Asia

hitchhiker08

4-1-2008 5:51 AM

274 views

tags:

recession, china, india, guld, dubai, nyt, asahi shimbun, globalization, economy, currency

hitchhiker08 says:

Shake your head in disbelief, it doesn't change the truth...its happening!

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/fb97fc0b-8027-4b5a-8525-5072d350a0ae/C37A70B8-9DB8-47E8-A903-3FBDC419C5FE/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.nytimes.com/2008/03/31/opinion/31cohen.html?_r=1&scp=1&sq=The+baton+passes+to+Asia&st=nyt&oref=slogin" href="http://www.nytimes.com/2008/03/31/opinion/31cohen.html?_r=1&scp=1&sq=The+baton+passes+to+Asia&st=nyt&oref=slogin" style="font-size: 11px;">www.nytimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/03/31/opinion/31cohen.html?_r=1&scp=1&sq=The+baton+passes+to+Asia&st=nyt&oref=slogin"><H1>
<NYT_HEADLINE _moz-userdefined="" type=" " version="1.0">
The Baton Passes to Asia
</NYT_HEADLINE>
</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/03/31/opinion/31cohen.html?_r=1&scp=1&sq=The+baton+passes+to+Asia&st=nyt&oref=slogin"><P>HONG KONG</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/03/31/opinion/31cohen.html?_r=1&scp=1&sq=The+baton+passes+to+Asia&st=nyt&oref=slogin"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/www.nytimes.com/img/1E09ADE3-1076-4BE1-9FED-3E1001316A18" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/03/31/opinion/31cohen.html?_r=1&scp=1&sq=The+baton+passes+to+Asia&st=nyt&oref=slogin"><P class="caption">
Roger Cohen 
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/03/31/opinion/31cohen.html?_r=1&scp=1&sq=The+baton+passes+to+Asia&st=nyt&oref=slogin"><P>It’s the end of the era of the white man.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/03/31/opinion/31cohen.html?_r=1&scp=1&sq=The+baton+passes+to+Asia&st=nyt&oref=slogin"><P>I know your head is spinning. The world can feel like one of those split-screen TVs with images of a suicide bombing in Baghdad flashing, and the latest awful market news coursing along the bottom, and an ad for some stool-loosening wonder drug squeezed into a corner.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/03/31/opinion/31cohen.html?_r=1&scp=1&sq=The+baton+passes+to+Asia&st=nyt&oref=slogin"><P>The jumble makes no sense. It just goes on, like the mindless clacking of an ice-dispenser.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/03/31/opinion/31cohen.html?_r=1&scp=1&sq=The+baton+passes+to+Asia&st=nyt&oref=slogin"><P>On the globalized treadmill, you drop your eyes again from the screen (now showing ads for gourmet canine cuisine) to the New Yorker or Asahi Shimbun. And another bomb goes off.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/03/31/opinion/31cohen.html?_r=1&scp=1&sq=The+baton+passes+to+Asia&st=nyt&oref=slogin"><P>There’s a lot of noise and not much signal. Everywhere there is flux and the reaction to it: the quest, sometimes violent, for national or religious identity. 
These alternate faces of globalization — fluidity and tribalism — define our frontier-dissolving world.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2008/03/31/opinion/31cohen.html?_r=1&scp=1&sq=The+baton+passes+to+Asia&st=nyt&oref=slogin"><P>The breaking sound right now is that of the end of the era of the white man.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C37A70B8-9DB8-47E8-A903-3FBDC419C5FE/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>