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POPSDid you know? This is a great video everyone should take some time to watch. We see daily many different advances on science, technology, internet... Everywhere, journals, blogs, radio, TV, here, on Clipmarks, reading some very interesting clips about many new creations, advances, innovations, new things that we just find awesome. But at the end of the day, putting everything together, do we ask ourselves what does all this means in a more general context?
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POPSJapan Abandons America During the run-up to the election, Hatoyama’s finance minister told the bbc he was worried about the future value of the dollar, and that if his party were elected in the upcoming national elections, it would refuse to purchase any more U.S. treasuries unless they were denominated in Japanese yen. Japan is the world’s second-largest economy. It is also America’s second-most-important creditor. The U.S. government owes Japan over $724 billion! The only nation America owes more money to is China ($800 billion). The U.S. also imports $140 billion worth of goods from Japan each year. If Japan were to follow through with its threat to only lend in yen, the dollar would probably fall hard. What would that mean? America gets more expensive consumer goods, higher unemployment, and currency inflation. If other nations like China follow suit, we would be looking at a currency crisis—Zimbabwe-style.
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POPSAhmadinejad Quotes "How can the crimes of the occupiers against defenseless women and children and destruction of their homes, farms, hospitals and schools be supported unconditionally by certain governments, and at the same time, the oppressed men and women be subject to genocide and heaviest economic blockade being denied of their basic needs, food, water and medicine," the Iranian President stated.
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POPSThe USS America is Sinking Japan is the world’s second-largest economy. It is also America’s second-most-important creditor. The U.S. government owes Japan over $724 billion! The only nation America owes more money to is China ($800 billion). The U.S. also imports $140 billion worth of goods from Japan each year. If Japan were to follow through with its threat to only lend in yen, the dollar would probably fall hard. What would that mean? America gets more expensive consumer goods, higher unemployment, and currency inflation. If other nations like China follow suit, we would be looking at a currency crisis—Zimbabwe-style. America’s ship of state is sinking. Japan’s lifeboat has already left.
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POPSG-20 Summit Begins The speakers at the rally were diverse internationally, if not philosophically. They included Walden Bello, an antiglobalist professor at the University of the Philippines and representative in that country's Congress; James Quilligan, economic adviser to former President Jimmy Carter, former Canadian Prime Minister Pierre Trudeau and former French President Francois Mitterand; and Anna Pinto, program director of the Center for Organization, Research and Education in northeast India. Generally, the speakers believe the G-20 controls the global economy on behalf of banks and transnational corporations, at the expense of most citizens. "The G-20 as a mechanism to save globalization is doomed to fail," Bello said. Quilligan mocked security preparations, including plans for more than 3,000 police officers downtown, as the "biggest mobilization of security in Pittsburgh history since the French and Indian War."
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POPSPolitcs, Profits, Protection US penalizes Chinese tires, infuriating Beijing President Barack Obama's decision to impose trade penalties on Chinese tires has infuriated Beijing at a time when the U.S. badly needs Chinese help on climate change, nuclear standoffs with Iran and North Korea and the global economy. For the Chinese government, the tire dispute threatens an economic relationship crucial to China's economic growth. There was speculation before the decision that new tariffs could produce public pressure on Beijing to retaliate, potentially leading to a trade war. http://bit.ly/Chinese_trade_war
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