2 good pieces of news:
lowering the tariff on raw materials for US manufacturers (http://news.xinhuanet.com/english2010/world/2010-08/12/c_13440711.htm)
higher visa fees for Indian firms who fly in low paid workers rather than hire Americans(http://voices.washingtonpost.com/political-economy/2010/08/indian_government_calls_h1b_vi.html)
If its Made in India or China it needs to be taxed so its competitive with Made in EU/ Japan/ Taiwan to make it a level playing [...]
http://money.cnn.com/2010/01/27/technology/china_clean_energy.fortune/index.htm
I quit – being optimistic about America. First we said (lied) that we will only export low skill manufacturing jobs (which destroyed our factories and families dependent on those factories).
Then we sent away call center, research, analysis, processing, programming jobs with a promise that that won’t hurt us a bit as we’ll be doing other high [...]
Aug. 12 – State-owned Air India announced on Wednesday that it is asking U.S.-based aircraft manufacturer Boeing for US$840 million to compensate for an almost three-year delay in the delivery of 27 Dreamliner commercial jets.
In the original agreement, Boeing was scheduled to deliver the first 787 Dreamliner in May 2008, but now the Indian carrier [...]
Aug. 12 – The Chinese government announced on Wednesday that is was exempting offshore service outsourcing companies from business tax as it looks to grow the country’s IT industry in a bid to compete with other regional outsourcing powers, India and the Philippines.
The tax exemption will cover revenue derived from business process outsourcing, information technology [...]
Aug. 11 – Thailand’s health authorities are urging its population to stop wearing black leggings, a recent trend among the country’s youth, due to the clothing’s tendency to attract mosquitoes carrying the dengue virus.
“I’m worried about how people dress, especially teenagers,” Deputy Public Health Minister Phansiri Kulanartsiri said in a statement released on Sunday. “The [...]
Aug. 11 – Escalating temperatures will drive down rice production in Asia, where more than 90 percent of the world’s rice is produced and consumed, according to an international study published in the Proceedings of the National Academy of Sciences of the United States on Monday.
A team of researchers from the United States, the Philippines, [...]
Aug. 10 – Rupert Murdoch’s News Corp. announced on Monday that it is selling off controlling stakes in three Chinese television stations and a movie library to a government-backed fund after years of frustrated dealings with Beijing.
Under the deal, China Media Capital will take a controlling stake in News Corp.’s Xing Kong, Xing Kong International, [...]
Aug. 10 – The International Society of Aesthetic Plastic Surgery (ISAPS) recently released the first ever independent study on global cosmetic surgery trends covering the industry’s 25 most popular countries and regions.
The ISAPS Biennial Global Survey confirmed that the United States and Brazil are in fact the top markets for plastic surgery, but the report [...]
Op/Ed Commentary: Chris Devonshire-Ellis
Aug. 10 – One of the great things about living in Asia is the sheer diversity of culture and, especially for someone who writes a lot about etymology, an abundance of words. Words that are now Anglicized used to belong to different, often ancient, Asian cultures and their meanings or origins have [...]
Aug. 9 – China’s Ministry of Industry and Information Technology ordered over 2,000 companies to clean up or close down obsolete production facilities by the end of September as part of an effort to improve energy efficiency in the country, according to a statement posted on the ministry’s web site Sunday.
“Outdated capacities consume energies heavily, [...]
Aug. 9 – Indian Foreign Secretary Nirupama Rao believes that the relationship between India and China has grown stronger over the years and that bilateral relations between the two emerging Asian powers are set to be the “big story of the 21st Century.”
Speaking with Karan Thapar during a televised interview on India’s CNN-IBN Network, Rao [...]
Raghuram Rajan’s POV on Inequalities and Free Enterprise.
This blog does not endorse his views, but he is an intelligent man and I hope readers of this blog could gain some insight from his views, even though they may entirely disagree with his view point.
The first part is here . The second part follows below
Now [...]