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>A China-Russian Army of 200 Million – How Will America Defend?

>The following is by my good friend Randy Michaux

        I have many associates and friends on my contact list; but this e-mail goes strictly to my “A” List.  As a Citizen, a Patriot, Veteran, and Member of the LDS Church, involved in thousands of hours of research and study, I feel obligated to share the attached documents with you. 
        The three attached documents witness the fall of the greatest economic power ever devised in the history of mankind.  If you are a student of the Scriptures, the history of the rise and fall of nations/empires, of current economic, political, and military reality, then you must sense that we are witnessing “first hand” the demise of, and transfer of the reigns of power from the “First Great Dictatorship” to the final and Last Great Dictatorship.”
         No icon of America is more representative of its greatness/corruption then the New York Stock Exchange.  Shortly to follow the exchanges sale to Germany, will be the demise of the U.S. Dollar as the world’s Reserve Currency.   This reality will be catastrophic beyond anything I care to attempt to describe.  I can state with utmost confidence is that the Last Great Dictatorship will consist the a confederation between China and Russia.  Together, they will eventually be able to field an army numbering “two hundred million”.  Rev. 9:11-18
        So what is my bottom line?  Preparation .  .  . Spiritually, Temporally, and Emotionally.  All three are a combination in one; and if one element is found lacking, not only will the individual suffer but all those who depend upon the same.  “Normalcy Bias” is the all to common mental state that prohibits the human mind from corrective action: spiritually, temporally and emotionally. 
The information provided is but a capsulation of hundreds of authoritative research papers done by proven experts in their fields.  Much of this “hard truth” requires a paradigm shift in our thought processes.  None of the many seminal events that are taking place before our vary eyes, almost on a daily basis, are by accident.  Our political leaders of all parties are simply unwilling to take the necessary corrective action.  The Press is criminally negligent in its obligation to keep the public informed of not only of the symptoms; but even more critical, the causes.
If any of this information is too much for you, simply fire the messanger and I will remove you from my contact list. 
“It is natural for man to indulge in the illusions of hope.  We are apt to shut our eyes against the painful truth, and listen to the song of that siren till she transforms us into beast.  For my part, whatever anguish of spirit it may cost, I am willing to know the whole truth, to know the worst and to provide for it.”        Thomas Paine
Randy Michaux

“The Spirit itself beareth witness with our spirit, that we are the children of God: And if children, then heirs; heirs of God, and joint-heirs with Christ; if so be that we suffer with him, that we may be also glorified together. For I reckon that the sufferings of this present time are not worthy to be compared with the glory which shall be revealed in us.” 
“I the Lord am bound when ye do what I say; but when ye do not what I say, ye have no promise.”

Thanks for coming. Please leave a comment. Your opinion is as valuable as mine or anyone’s. Let’s create an active dialog. Let’s stand up for what we want, what we think and believe America should be like. Fight for your rights – and I don’t mean take to the street with guns. Do your fighting with the pen and conversation – friendly persuasion. Remember, we’re Americans living in the greatest nation on earth. Act like it. Don White

>State Capitalism:China Practices And Obama Aspires

>If you cannot get people to change, change the term to a new term so you can fool the people.  I.E. Socialism to State Capitalism.

State Capitalism

There is a lot of talk these days about “state capitalism”. What is it?
The best definition is perhaps, “a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.”
In other words, it is textbook socialism. 
But just as liberals now call themselves progressives, they now call socialism “state capitalism”.
Socialism is largely inefficient because the state does not have to worry about shareholders, profits, employees, or any of the rest. The state merely raises taxes and places the money in the hands of unelected and largely unaccountable bureaucrats.
And who practices “state capitalism”? China and other communist countries.
The left will descend into a lot of chest beating over this, but the facts and definitions speak for themselves. To roughly quote Obama, “words mean something.” And “state capitalism” means “socialism.”
The left is targeting corporations and other private sector job producers as evil and corrupt because they want to undermine capitalism and move us to socialism.
Barack Obama is a socialist. And the public is starting to see where things are headed and really does not like it.

>Japan is coming Out of Recession, And USA?


Investment News Briefs

With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world.

Japan’s Economy Grows; Home Builder Confidence Up; New York Manufacturing Rises; Credit Card Defaults Stabilize in July; MSNBC Buys “Hyperlocal” News Aggregator; Reader’s Digest Files for Bankruptcy; Lowe’s Profit Falls 19%

  • Japan’s economy is once again growing, with its gross domestic product (GDP) rising 3.7% in the second quarter. A rebound in exports to China and a large stimulus program helped Japan bounce back from contraction that, at an annualized rate of 11.7%, was more than double that of the United States’ in the first quarter. Officials at Japanese companies think the nation’s worst recession since World War II is nearly over, according to a survey released last weekend.
  • The National Association of Home Builders/Wells Fargo confidence index rose to 18 this month, a one-year high, Bloomberg News reported. Still, a reading below 50 means most respondents view conditions as poor. “Inventory is being cleared and that is starting to benefit the new-home market,” Julia Coronado, a senior economist at BNP Paribas SA in New York told Bloomberg. “With a few months’ lag, that will lead to a turnaround in construction activity.”
  • The Federal Reserve Bank of New York’s general economic index rose to 12.1, higher than forecast and the first increase since April 2008. Any reading above zero indicates that manufacturing is growing. “Inventories were drawn down to such amazingly low levels that companies need to start bringing them back,” said Tom Porcelli, a senior economist at RBC Capital Markets Corp. in a Bloomberg News interview. “We are coming out of the recession. It’s probably over at this point.”
  • Credit card default rates showed signs of stabilization in July, Reuters reported, citing regulatory filings by multiple large U.S. banks. Bank of America Corp. (NYSE: BAC), the bank with the highest default and delinquency rates saw its charge-off rate shrink slightly to 13.81% in July from 13.86%. “It just seems to bear out what we heard in the second-quarter calls, that things seem to be getting marginally better — and I would stress marginally — on the consumer side,” Nancy Bush, founder of NAB Research, said of Bank of America.
  • Microsoft Corp. (Nasdaq: MSFT) and General Electric Co. (NYSE: GE) joint venture has acquired “hyperlocal” news and information Web site EveryBlock. Terms were not disclosed, but in June Time Warner Inc.’s (NYSE: TWX) AOL acquired a similar Web site, Patch for $7 million, The Washington Post reported. EveryBlock offers news in 15 cities. “Joining with gives us the resources to turn EveryBlock from a cool, useful service into something much bigger,” said Adrian Holovaty, founder of EveryBlock. Holovaty and the company’s staff of five will remain based in Chicago.
  • Reader’s Digest Association Inc., whose namesake magazine says it is the bestselling magazine in the world, has filed for Chapter 11 bankruptcy protection as a part of a prearranged plan with lenders to cut debt by 75%. If the court approves the deal, Reader’s Digest’s debt would be reduced to $550 million from its current $2.2 billion. “Our deal has already been negotiated and hammered out with a majority of our creditors,” said Chief Executive Officer Mary Berner in an interview with Reuters. The announcement “doesn’t affect our employees, it doesn’t affect the vast majority of vendors, it doesn’t mean we’ll do mass layoffs, it doesn’t mean we’re going to be selling off assets. It’s business as usual.”

  • Continuing weak demand, bad weather and charges related to the halting of its expansion contributed to a 19% drop in Lowe’s Cos.’ (NYSE: LOW) second quarter earnings. The world’s second-largest home improvement retailer after Home Depot Inc. (NYSE: HD) saw its profit fall to $759 million, or 51 cents a share for the quarter ended July 31. That compares to a net income of $938 million, or 63 cents a share in the same period last year. Sales fell 4.6% to $13.84 billion and same-store sales dropped 9.5%.

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>The Only True Fix For Capitalism

>How we got into this financial mess is a relevant question

The question of the hour is what can we learn from our experience so that when our economic system — remember, I didn’t say government — works itself out of whatever we’re in we will never want to go there again.

But unless we quickly diognose the problem, we are doomed to repeat our past failures.

It was Albert Einstein who said We can’t solve problems by using the same kind of thinking we used when we created them.

So away with all of the living — and dead — economists. There are no smart economists and never have been. If you want a debate, just get two economists together. No two economists agree on anything.

America was a creditor nation until 1988 under Ronald Reagan. It wasn’t necessarily his fault. We just stopped making things that other countries bought. In other words, countries like China started producing all our furniture because their labor rates were lower than ours. That was the beginning of the job drain from America — when our own wages got to be too expensive relative to Mexico and other developing nations. Unions helped propel wages upward in America. In that way, yes, you could say unions participated in our demise as a creditor nation. True capitalism requires that a nation be a creditor nation, not a debtor like America.

Capitalism requires cash, but we squandered ours. The American credit-card system of spending is not only a trap to our people, our politicians don’t know how to tighten their belts, either. America’s spending mentality has taken a real tailspin lately, and we’re left to debate how to get out of this funk. If the definition of a capitalistic nation is one that has the cash to lend to others, then China, Japan and Saudi Arabia are the world’s finest examples of capitalism. Forget the Chinese repression; forget the Saudi’s terrorist activities. They’re capitalists, we’re merely beggars at the door.

And now, due to Obama-mania and all his spending, there is word in the credit markets that the U.S. is soon going to find it’s credit rating reduced to that of Great Britain and Kenja, Africa — barely acceptable to do business with.

That’s what happens to nations whose president keeps saying this is a much worse problem than I thought. If Obama is so smart, why is he advertising through his loquous mouth that America can’t get back on top again, or that we don’t know when this monstrous problem will be defeated? Or hurry up and throw some money around or we’re all doomed?

Obama should be saying things like Roosevelt said during World War II: “We have nothing to fear but fear itself.” That the eternal optimist Ronald Reagan said in the 1980s about the Iron Curtain and the wall separating East and West Germany: “Mr. Gorbachev, tear down that wall.”

Leaders find ways to be positive, even in the midst of calamity. So far Obama has not found out how to lead positively. He’s still in the campaign mode and until he changes gears, he will be a failed president and will take America down with him.

He should be whistling positive vibes, not spewing all the negativity that other nations hear and upon which they make decesions not to lend to that nation because they may be done as a nation.

A poor credit rating means we soon will be paying some of the highest interest rates in the world and when Obama spends another $800 trillion you can count on something like $800 trillion in interest payments — if, indeed, China, Japan, and several middle eastern nations will continue to loan us money because now they are angry at us for pulling them down with us.

Our entire productivity and economy has been based on spending more than we take in. Government teaches it to our kids by example every time Congress passes a bill. They have to go to China or Saudi Arabia for the money to pay for their excesses. If they won’t lend to us, the Treasury will resort to printing money, an act that will severly deflate the dollar.

How about this? From now on we run our businesses on a cash basis. We no longer use banks. Put all the banks out of business and see what we would have. This may take a while, because businesses don’t have operating funds. Part of Obama’s bailout should be to give each American some money. Let businesses borrow from private individuals and circumvent the banks. We would experience a period of stagnant growth for once. The growth of a nation depends on its ability to borrow funds for growth. If we deprived ourselves of that luxury for a while until we got back on our feet, we could solve this riddle. But be prepared to carve out some exceptions.
This is where this kind of solution gets real dicy and political.

What I just suggested won’t work in housing. The entire housing industry is based on the credit-worthiness of home buyers — solid, bill paying people with credibility and the ability to pay back over 20 or 30 years the borrowing they engage in.

We pride ourselves for being the epitome of capitalism. Well, if not us, who is? It’s the nations to whom we look for loans when we run out of money. Like I said, China, Japan and the Saudis. It’s a nation with a cumulative balance of payment surplus. A creditor nation has positive net investment after recording all of the financial transactions completed between it and the rest of the world. Oh, if we were only that . . .

Investopedia Says

Investopedia explains Creditor Nation
Creditor nations have invested more resources in other countries than the rest of the world has invested in them. To determine if a country is a creditor nation, one must account for the the nation’s overall debt balance when calculating the balance of payments.

Creditor nations can sometimes lose their status and become debtor nations. This happened to the United States in 1988 when its balance of payments turned negative.

>World Recession and Discrimination Against The Little Guy


The following is written by an investment manager. Don’t be taken in by anything he writes, however I do believe the recession is international and is having devastating effects on many parts of the world–even worse than that here at home in the U.S.A. See what you think. Why is it on this Discrimination page? Because, when the rich get rich and cause money crunches it always comes back to bite the poor. That is the most basic and hurtful kind of discrimination.

Don White

Looming Collapse of Russia, China and more …
by Martin D. Weiss, Ph.D. Dear Don,

Martin D. Weiss, Ph.D.

I hope you’ve had a great start to your New Year!
At the same time, however, I trust you are not counting on the latest holiday rally in the stock market — or the most recent incarnation of the Obama rescue package — to transform 2009 into a positive year for the economy.
The reasons: In addition to the massive wealth destruction I told you about two weeks ago and the continuing debt collapse I’ve been warning you about for many months now, the overseas engines of global growth are also collapsing.
This does not negate my long-term view that certain overseas economies offer great future opportunities. But it does represent a major short-term threat to U.S. investors, U.S. companies and the U.S. economy as a whole.
The undeniable reality: The debt crisis that first appeared in the U.S. subprime mortgage market … then precipitated a Wall Street meltdown … and has now driven the American economy into its sharpest decline since the Great Depression … has now spread to the entire world.
It is driving the economies of Western Europe and Japan into an unprecedented tailspin. It threatens the economic — and potentially political — stability of Russia, China and several emerging market nations. And it’s setting the stage for a global depression of epic dimensions.
Here are some of the most vulnerable major economies …
Russia Smashed by Oil Price Collapse
Never in modern history has the success or failure of a major emerging economy been so dependent on one single commodity! And never before has that commodity fallen so far and so fast as Russian crude oil!
Russia does have other resource and revenue sources. But in just the past six months, Urals crude, Russia’s primary export blend, has plunged from a high of nearly $141 per barrel to a low of a meager $32.34 — a 77% crash that’s pounded Russian stocks like a sledgehammer and sliced through the Russian economy like a serrated sickle.
The big dilemma: To balance its federal budget, Russia must get a minimum of $70 per barrel for its crude oil. But at $32 and change, it’s getting less than HALF that amount. The entire country is losing money hand over fist.
No wonder Russia’s stock market has plunged 72%, forcing 25 separate stock exchange shutdowns!
Transneft, the Russian oil transporter, is down from $2,025 in January 2008 to a recent low of $270. Gazprom, the natural gas monopoly, has lost more than two-thirds of its market capitalization since May. Meanwhile, Lukoil fell from a May peak of $113 to a recent low of $32.
Russia’s oil-driven real estate bubble is also collapsing. That’s why Russian construction and real estate giant Sistema-Hals lost more than 94% of its value last year alone … why PIK Group, another major construction giant, collapsed by 96% … and why the entire RCP Shares Index of Russian developers has sunk 92% since its record high in June 2007.
Ford, Renault and Volkswagen are halting production at Russian assembly lines. Unemployment is likely to surge to 10% and beyond. Massive amounts of foreign capital are fleeing the country.
In a desperate attempt to stem the tide, the Russian government has devalued the ruble 11 times since November, and thrown a quarter of its foreign currency reserves at the raging debt crisis. But it’s still not enough. Russia’s primary source of revenues — energy exports — is in shambles; and unless crude oil prices could somehow DOUBLE in a big hurry, Russia’s economic and financial decline cannot end.
Standard & Poor’s has cut Russia’s long-term debt rating for the first time in nine years, citing dangerous outflows and a “rapid depletion” of currency reserves. And more downgrades are in the offing. Even a major debt default is not unthinkable.
The biggest danger: Political upheaval and social unrest.
Even before this crisis, Russia’s middle class earned less than $500 per month. Now, with the devastating plunge in oil revenues already in place, those numbers are falling to even lower levels. For a nation with a cost of living that rivals that of the U.S., Western Europe and Japan, the last thing the Russian people needed was a depression. Yet that’s exactly what they’re getting.
I visited Russia last year before the collapse in oil prices. I spoke to a variety of professionals and people on the street. And I stayed with friends who work in government jobs.
From everything I had read, I had anticipated signs of greater prosperity. Instead, I was surprised to see how little average citizens had benefited from the recent years of rapid economic growth.
Yes, they have more access to a wider variety of goods that were scarce during the Soviet era. But most professionals — such as teachers, doctors, nurses and government employees — are still living on the edge of poverty.
Equally surprising is the popular disgust and disdain for the government. Public opinion surveys and press reports may indicate broad support for the Kremlin’s foreign policy, and they seem to be accurate. But support for domestic policies is another matter entirely.
My view: Any major disappointment with respect to pocketbook issues could lead to major political changes, the outcome of which is largely unpredictable.
China Far More Vulnerable Than Expected
China’s extraordinary expansion of the past decade fueled booms in global trade, commodities and emerging markets. It was a major growth engine that turbo-charged Australia, Brazil, Southeast Asia and even Japan.
Now, however, that engine is grinding to a screeching halt. Indeed, when historians look back to major pivot points of this global economic crisis, they will undoubtedly point to the abrupt end of China’s boom.
Many of us assumed that because China’s economy was growing so quickly — at a breakneck pace of 10% or more per year — it could easily afford to slow down by a few percentage points and still be in far better shape than most other economies.
But now I seriously question that theory. Indeed, more often than not, companies, industries and entire nations that enjoy the biggest booms are also vulnerable to some of the biggest busts. Instead of a mere slowdown, as many still seem to expect, China’s economy could suffer a wholesale collapse.
Exports, which still represent two-fifths of the Chinese economy, are already sinking fast. And the domestic economy, much of which depends directly or indirectly on the revenues flowing from exports, is also beginning to sink.
Warning signs are everywhere: Stocks, down 60% just in the last 12 months; imports, down 17.9% in November alone; foreign investments to China, off 36.5% last year.
In response, the government has slashed interest rates and pledged a $582 billion stimulus package. But that’s mere pocket change compared to China’s trillions in vulnerable exports. Moreover, it has done little to help millions of small- and medium-sized businesses which are already shutting down and laying off millions.
A big problem: 45% of the Chinese government bailout is earmarked for the cement and housing industry. Meanwhile, cash-flow problems are sweeping through the entire economy, downing airlines, manufacturers and property companies.
Airlines like China Southern and China Eastern, for example, have been losing money hand over fist. China’s auto sales are plunging. Its shipbuilding industry is in a tailspin. And its real estate market is collapsing.
Next, expect surging unemployment … mass reverse migrations from urban centers to the countryside … spreading popular unrest … and a major challenge to authority. Chinese leaders have already admitted that an economic downturn would test their ability to govern. Now, that downturn is here — and the ultimate test, on the near horizon.
Meanwhile …
India, also heavily dependent on foreign demand for its goods, is suffering its worst export slump in recent memory. Overseas shipments plunged 12.1% in October and another 9.9% in November, forcing companies like Tata Motors, India’s biggest truck maker, and Hyundai Motor to cut output, fire workers and shut down factories.
Brazil, which was growing at a record pace until the third quarter, has suddenly frozen in its tracks. Much of the foreign money it counted on has vanished, leaving acute capital shortages in its wake. Auto sales have gone dead, leaving biggest-ever inventories of unsold cars. Credit, abundantly available just a few months ago, is now gone.
Japan has been slammed by its worst recession since World War II … with stock prices plunging to new 18-year lows … industrial output suffering the largest monthly drop since records were kept … Toyota reporting its first loss in 70 years … layoff victims filling tent parks … and worse.
Everywhere from Argentina and Mexico to Australia, New Zealand and even the once-rich Middle East, the worldwide debt crisis, the bust in commodities and the sharp slowdown in global trade are transforming massive booms into instant recessions.

>India, China, Russia, USA Have Space Programs


Science –

India Shoots for the Moon with New Probe

33 minutes ago

BANGALORE, India – Five years after being formally approved and following a series of late delays, India’s first-ever planetary mission is on track to launch the morning of Oct. 22 Local Time, with arrival in lunar orbit scheduled to occur 17 days later.

  • Planets Thought Dead Might Be Habitable Tue Oct 21, 6:15 AM ET

    Astronomers have long talked about a “habitable zone” around a star as being a confined and predictable region where temperatures were not to cold, not to hot, so that a planet could retain liquid water and therefore support life as we know it.

  • This image provided by NASA Tuesday Oct. 7, 2008 shows the planet Mercury taken  on Oct. 6, 2008, at roughly 4:40 a.m. ET, when MESSENGER flew by Mercury for the second time this year. MESSENGER is the first mission sent to orbit the planet closest to the sun. During the encounter, the probe swung just 125 miles (200 kilometers) above the cratered surface of Mercury, snapping hundreds of pictures and collecting a variety of other data from the planet as it gains a critical gravity assist that keeps the probe on track to become the first spacecraft ever to orbit the innermost planet beginning in March 2011. The spectacular image shown here is one of the first to be returned. It shows Mercury about 90 minutes after the spacecraft�s closest approach. (AP Photo/NASA)

    Strange Weather on Alien Planets Explained Mon Oct 20, 7:31 AM ET

    Though scientists have yet to find alien life on distant exoplanets, much about those planets certainly seems alien — especially the weather.

  • Satellite Business Booming in the Middle East and North Africa: Highly Competitive Region Has 13 Operators Mon Oct 20, 7:31 AM ET

    The 13 commercial satellite-fleet operators active in the Middle East and North Africa showed a 73 percent fill rate on their 41 Ku-band satellites in mid-2008 when measured in booked megahertz compared to total megahertz of capacity, according to a mid-2008 survey of capacity taken from Dubai, United Arab Emirates, by the London Satellite Exchange (LSE) and Euroconsult. The satellites were spread over 31 orbital slots.

  • Space Tourist Settles in Aboard Station Sat Oct 18, 11:31 AM ET

    American space tourist Richard Garriott is settling into life aboard the International Space Station and learning firsthand the lessons learned by his astronaut father.

  • This NASA file image shows the Hubble Space Telescope resting in the Space Shuttle Discoverys cargo bay during a repair mission in 1999. New technical problems on the telescope, which is currently undergoing more repairs, will further delay the resumption of the it's regular duties, according to NASA officials.(AFP/HO/File)

    NASA Hits Snag in Reviving Hubble Space Telescope Fri Oct 17, 5:45 PM ET

    NASA’s attempt to revive the ailing Hubble Space Telescope has hit a snag, leaving the iconic observatory’s return to science observations in limbo until two new glitches can be solved, agency officials said Friday.

  • New Observatory Set to Scan Solar System’s Edge Fri Oct 17, 2:45 PM ET

    A new space observatory that aims to investigate the edge of the solar system is poised to launch Sunday.

  • Europe to Delay Mars Rover Mission Fri Oct 17, 2:45 PM ET

    PARIS — European Space Agency (ESA) governments tentatively have agreed to delay the launch of Europe’s first-ever Mars rover by a little more than two years, to 2016, as part of a broader effort to rein in project costs and seek deeper cooperation with NASA and the Russian space agency, European government officials said.

  • Doorstep Astronomy: Mercury in the Morning Fri Oct 17, 12:45 PM ET

    If there ever was a planet that has gotten a bad rap for its inability to be readily observed, it would have to be Mercury, known in some circles as the “elusive planet.”

  • One Mystery of Jet Streams Explained Fri Oct 17, 10:30 AM ET

    Planetary scientists have long puzzled over why fast-moving rivers of air called jet streams flow eastward at the equator of Jupiter and Saturn, but go westward on Uranus and Neptune. Now a new simulation has begun unraveling that mystery by showing how turbulent thunderstorms create the jet streams.

  • FAA Approves Rocket Races Fri Oct 17, 9:31 AM ET

    Rocket-powered racers received the go-ahead this week from the Federal Aviation Administration (FAA) to soar at over 20 venues across the United States.

  • Mysterious Mars Moon a Pile of Rubble Fri Oct 17, 9:30 AM ET

    New observations of Mars’ moon Phobos show the object is more like a pile of rubble than a single solid body.

  • Hubble Space Telescope is seen in this picture taken from Space Shuttle in March 2002. (NASA/Handout/Reuters)

    NASA: Hubble Space Telescope’s Reboot Going Well Thu Oct 16, 4:45 PM ET

    NASA’s long-distance effort to revive the ailing Hubble Space Telescope is going well, with the orbital observatory on track to resume science observations by week’s end, agency officials said Thursday.

  • Hottest Planet Ever Discovered Thu Oct 16, 2:32 PM ET

    In the hunt for extrasolar planets, a new find is shattering records left and right.

  • China’s Space Capability Could Surpass United States, Panel Warns Thu Oct 16, 2:32 PM ET

    WASHINGTON — The Shenzhou 7 mission and spacewalk should serve as a reminder that China is building space capabilities that could surpass U.S. technological advances and boost China’s diplomatic and economic ties with its allies, a panel of experts said here Oct. 8.

  • Bush Signs NASA Authorization Bill into Law Thu Oct 16, 12:45 PM ET

    WASHINGTON – U.S. President George W. Bush signed into law the NASA Authorization Act of 2008 (H.R. 6063), a policy bill that endorses U.S. plans to return to the Moon, sets budget targets for NASA programs and requires the agency to conduct an additional space shuttle flight to deliver a multibillion dollar science payload to the International Space Station.

  • Impact Crater Exhumed from Mars Ice Thu Oct 16, 12:45 PM ET

    New images taken by NASA’s Mars Reconnaissance Orbiter have revealed rare evidence of an impact crater in Mars’ north polar region.

  • A Major Moon Dust-Up Thu Oct 16, 7:02 AM ET

    Like Rodney Dangerfield, dust don’t get no respect. If you make a laundry list of the material contents of the cosmos, you’ll be sure to put stars, planets, gas clouds and dark matter on the ticket. But dust? Who cares about such tiny, sticky bits of carbon, silicon and other boring stuff?

  • ‘Alien’ Water Bears Amaze Scientists Thu Oct 16, 7:02 AM ET

    Astrobiologists work at the cutting edge of scientific research, investigating the possibility of life elsewhere in our universe. They are, however, plagued by a single, potentially critical problem: a lack of samples. Studying alien organisms is naturally difficult when none have been discovered.

  • This image taken July 14, 2008 by the Surface Stereo Imager on  NASA's Phoenix Mars Lander' and released by NASA July 15, shows the silver colored rasp protruding from the lander's robotic arm scoop.  REUTERS/NASA/JPL-Caltech/University of Arizona/Texas A&M University/Handout

    Phoenix Lander Survives Martian Dust Storm Wed Oct 15, 4:15 PM ET

    NEW YORK – NASA’s Phoenix Mars Lander weathered its first dust storm on the red planet this past weekend, though the dust did lower the lander’s solar power and put the brakes on some of its planned activities.

>Has China Overtaken America?

>by Don White
Not long ago it seemed almost inconceivable to think that China would be headed for World supremacy and the United States would be in decline. But that, my friends, is where we find ourselves today.

One writer believes the only safe place to invest right now is in China. I hope this thinking doesn’t persist and become a trend. If it does it means the end of our superiority as a nation, the end of the dollar as a true standard of value, the end of millions of jobs created here in this country, and the emergence of China as the true superpower and leader of the world.

He is writing for “Money and Markets” and here are his comments. Some of you may want to weigh in on what he says. I’ll also have a link at the end so you can read the entire piece.

Why I’m so bullish on China …
by Larry Edelson

Dear Don,

Larry Edelson

Other than cash, gold, and a few select natural resource stocks, the only other investments I’d make in these wild and crazy times are in Chinese companies, buying them hand over fist for the long haul.

Yes, that’s right. Even bearing in mind the recent milk/melamine scandal, which is outrageous.


If you own a house you would like to sell, don’t do a thing before buying Don White’s new must-read book, exclusively available in PDF format. It is called SELLING FAST: WE SOLD OUR HOUSE IN ONE DAY AND YOU CAN TOO, and it sells for less than ten dollars. If you care anything about the huge investment you have in your home you will want to read this stunning book even before hiring an agent or doing anything. Preparation is the theme of the book, so don’t spoil it by going ahead without reading this 250-page book by experts in real estate. It will literall save you thousands of dollars.

You see, China is about the only economy on the planet with both short- and long-term growth potential. Just take a look at the latest economic stats …

China’s August retail sales exploded 23.2% higher to their fastest growth rate in nine years.

If you haven’t already gotten a stake in this economic juggernaut, consider doing so now!

Two of my favorite China plays are the iShares FTSE Index (FXI), which tracks China’s Shanghai stock market, and the U.S. Global Investors China Regional Opportunities Fund (USCOX).

Both offer incredible profit potential, are easy to buy, and are great ways to play China without having to open a foreign brokerage account or buy stocks overseas.

Two more things to be on the lookout for with China …

First, China will continue to buy up oil and lend underlying support to the oil market for years to come. It’s the chief reason oil prices have remained above the $90 level, and China will be the chief reason we will eventually see $200-a-barrel oil.

Second, I have strong reason to believe that Beijing is soon going to substantially increase its gold reserves, which at 600 metric tons, are among the lowest in the world as a percent of the country’s foreign exchange reserves.

Why? Beijing now has almost $2 TRILLION in reserves in its piggy bank. I have no doubt that central bankers at the People’s Bank of China have held high level discussions with Treasury Secretary Henry Paulson.

And Chinese central bankers are prepared to buy oodles of the U.S. Treasury securities that Paulson is going to have to auction off to raise funds for the $700 billion plus U.S. bank bailout.

Put simply, China is going to use a large portion of its $2 trillion in reserves to help bail out the U.S.
Gold bars

But the authorities in Beijing are no dummies. They also know that the U.S. dollar is in a long-term downtrend. So, they don’t want to see any of the investment they are about to make in the U.S. go down the tubes because of a falling dollar.

They have only one choice: Bolster the country’s gold reserves while they’re investing in U.S. Treasuries.

Bottom line: In addition to driving oil prices higher, soon you will be hearing that China is a big, big gold buyer.

So hold those core gold holdings I’ve recommended!

Best wishes,


P.S. For more insight on China, oil, gold, and the entire natural resource sector, be sure to subscribe to Real Wealth Report. It’s on the leading edge of all these trends.

>Home Depot Acquires Beijing Firm

Despite the economy, Home Depot continues to expand its presence in foreign countries.

The Home Depot®, the world’s largest home improvement retailer, this week joined with U.S. Commerce Secretary Carlos Gutierrez and Vice Minister Yi Xiaozhun of the Chinese Ministry of Commerce to announce it has signed a definitive agreement to acquire The Home Way, China’s first home improvement retailer. The transaction has received the necessary Chinese government regulatory approvals and is expected to close by the end of the year. Terms of the deal were not disclosed.

As part of The Home Depot’s strategy to expand its business globally, The Home Way provides the Company with an immediate retail presence in China with 12 stores in six cities. Home Depot knows what it is doing. In the deal it acquired The Home Way’s knowledgeable, established management team as well as the stores and inventory.

This way HD doesn’t have to start at the bottom of the knowledge chain in a difficult country, China. The Home Depot will accelerate its understanding of consumers and retail operations in the Chinese home improvement market, which today is valued at nearly $50 billion and has been growing at a compounded annual rate of 20 percent.

“This acquisition provides us with a great point of entry in one of the world’s largest and fastest-growing home improvement markets,” said Bob Nardelli, chairman, president & CEO, The Home Depot. “The Home Way is a strong brand that is already established as a value and price leader among Chinese consumers.

>Why Gas Is So High At The Pumps

>Please take a close look at this map. Then print it out and place it on your fridge where you will see it every day. This November on election day, take a long hard look at it before you go vote! Please forward this to everyone in your address book.

Gas at $4.00 a gallon. Who’s to blame?

Thanks to the environmentalist lobby and its influence on Democratic legislators in Congress, the U.S. has, for decades, been prohibite d from drilling for oil in places that we know contain billions of barrels of proven reserves.

Check out this map:

All of the ‘NO’ zones are places where the U.S., thanks to the Democratic Party, is prohibited from drilling for oil.

But wait . it gets better.

*** China, Cuba, Canada and others continue to drill off our shores where US companies are not allowed to drill because of Democratic policies!

Yes, that’s right . China and Cuba are actively exploring oil fields 50 miles from Key West, Florida while U.S. companies are barred from working in this area because of U.S. policy . So, instead of allowing the most environmentally responsible companies to operate there and increase our domestic supply, China, who has a dismal environmental record, is preparing to suck our close, lucrative oil reserves dry.


Investor’s Business Daily recently explained how irresponsible the Democrats have been on the energy crisis. They lay into what they consider to be the worst Congress ever for …

~ Failing to allow drilling in ANWR. We have, as President Bush noted, estimated capacity of a million barrels of oil a day from this source alone — enough for 27 million gallons of gas and diesel. But Congress won’t touch it, fearful of the clout of the environmental lobby. As a result, you pay through the nose at the pump so your representative can raise campaign cash.

~ Refusing to build new refineries. The U.S. hasn’t built one since 1976, yet the EPA requires at least 15 unique ’boutique’ fuel blends that can be sold in differ ent areas around the nation. This means that U.S. refinery capacity is stretched so tight that even the slightest problem at a refinery causes enormous supply problems and price spikes. Congress has done nothing about this.

~ Turning its back on nuclear power. It’s safe and, with advances in nuclear reprocessing technology, waste problems have been minimized. Still, we have just 104 nuclear plants — the same as a decade ago — producing just 19% of our total energy. (Many European nations produce 40% or more of their power with nuclear.) Granted, nuclear power plants are expensive — about $3 billion each. But they produce energy at $1.72/kilowatt-hour vs. $2.37 for coal and $6.35 for natural gas.

~ Raising taxes on energy producers. This is where a basic understanding of economics would help: Higher taxes and needless regulation lead to less production of a commodity. So by proposing ‘windfall’ and other taxes on energy companies plus tough new rules, Congress only makes our energy situation worse.

These are just a few of Congress’ sins of omission — all while India, China, Eastern Europe and the Middle East are adding more than a million barrels of new demand each and every year. New Energy Department forecasts see world oil demand growing 40% by 2030, including a 28% increase in the U.S.

Americans who are worried about the direction of their country, including runaway energy and food prices, should keep in mind the upcoming election isn’t just about choosing a new president. We’ll also pick a new Congress.

If you agree with the need to let the American people know who’s REALLY responsible for the sky-high gasoline prices we’re seeing today, please forward this e-mail to everyone you know.

If we elect a liberal Democrat as president in the Fall and keep the same Democrat-controlled Congress, nothing will change .. except gasoline prices, which will keep going up.

>Anger in The Aftermath

Facts of this article were gathered from Yahoo and AP accounts

Juyuan, China, May 15, 2008—Like most national disasters, feelings of the Chinese are razor taut. Friends and family of the victims have begun pointing fingers because there is a feeling of hopelessness and grief all around them. It happened in Hurricane Katrina and it’s happening in China, as recovery of the dead drags on.

Parents say they were only allowed to begin identifying their children on Wednesday. The disaster occurred on Monday. The bodies had remained inside the gated grounds of Xinjian Primary School for two days until officials began transporting them to the morgue on Wednesday.

The earthquake struck at 2:28 p.m. on Monday, and many parents rushed to the school. Xinjian had about 600 pupils, ages from roughly 7 to 12. When parents arrived most of the building had collapsed. They frantically pulled away bricks and chunks of concrete with their bare hands.

“We pleaded with the administrators to help us,” said one mother, Chen Li, 39, who came to the morgue on Wednesday to identify her son, a sixth grader. “We yelled, ‘Where are the soldiers? Send them to help us!’ ”

Ms. Chen said her son, Zhang Yuanxin, was discovered the same day as the earthquake but then left uncovered in the rain with other bodies on the playground. She said two trucks arrived Wednesday and carried away bodies shortly before Mr. Wen arrived for his inspection.

“I think there were 50 bodies in two trucks that were carried away,” Ms. Chen said. “I asked those people, ‘Are you taking the bodies away?’ ”
But she said local officials lied to her and said they were only taking away tents.

Parents say they became so angry over the situation at the school by Tuesday that they formed a committee and complained to local officials. Officials in Dujiangyan could not be reached by reporters for comment, but parents say the officials relented on Wednesday by moving the children’s bodies to the morgue and providing shuttle buses for people waiting outside the school.

At the morgue on Wednesday, parents walked through rooms lined with bodies on the floor, lifting sheets in the unwanted search to identify a lost child. Cai Changrong, 37, held an urn containing the ashes of his cremated 9-year-old daughter. His wife, Hu Xiu, could not stop wailing.

“We didn’t find any bruises or injuries on her body,” said Ms. Hu, the mother. “But she lost all her nails. She was trying to scratch her way out. I think my daughter suffocated to death.”

Several parents have called for an investigation into the construction quality of school buildings in Dujiangyan. They say six schoolhouses collapsed in the city, even as other government buildings remain standing. One man said officials built two additional stories on the Xinjian school even though it had failed a safety inspection two years ago — allegations that could not be verified.

Mr. Li, the father dressing his dead daughter, also said he believed that the school was poorly built. He arrived at the school minutes after the quake and spent the next four hours searching for his daughter. His forearms were bruised and his fingernails were split and bloodied from digging.

He proudly handed over his cellphone and showed a picture of his daughter, Ke, taken last week. But Thursday morning, he and his wife were preparing for her cremation. They struggled to slip her into the pink pajamas and then dressed her in a gray sweatshirt and pants. Her mother placed a white silk mourning cloth under her clotted black hair.

Mr. Li said he lost his job in 1997 and had been living on a meager welfare payment. He said the school was filled with children from poor families. “My daughter was a very good student,” he said. “She was a quiet girl, and she liked to paint. We’re putting her in these clothes because she loved them.”

He said he was angry and sad. He said his daughter’s body was still warm when he found her at the morgue on Wednesday. He wondered how long she lived beneath the rubble. And then he turned away, leaning down slightly, and whispered in her ear.

“My little daughter,” he said quietly. “You used to dress yourself. Now I have to do it for you.”