ASIA – CHINA – U.S. Chinese yuan set to replace dollar – Asia News: “Beijing has launched the experiment of using the yuan as a reserve currency in relations with 8 countries. Chinese exporters are asking to charge in yuan instead of dollars, because the U.S. currency is losing value. But China needs to revise its model of development, too much inspired by eighteenth century mercantilism.”
Japan sent uranium to U.S. in secret | The Japan Times Online: “Enough highly enriched U.S. uranium to make about 20 nuclear weapons was sneaked back to the United States from Japan over a 12-year period until last summer in a secret operation aimed at keeping it out of terrorists’ hands, a senior U.S. official and Japanese specialists recently revealed.”
BBC NEWS | Technology | How an old phone can make money: “It is unlikely that the global recession has completely dampened people’s enthusiasm for new gadgets this Christmas.
But for cash-strapped consumers with a shiny new mobile in their hands, there is a way of making money from their old, unwanted handsets.”
Daily Times – Leading News Resource of Pakistan – Stratfor warns on dangers of doing business in India: “A US-based geopolitical security and intelligence service – which recently claimed that an Indian deadline for Pakistan to crack down on terrorists expires on Friday – on Thursday warned multinational corporations on the dangers of doing business in India.
“And if military confrontation between India and Pakistan erupts in the wake of the Mumbai attacks, multinational corporations quite possibly could face a number of new threats from terrorist groups, in addition to more traditional security problems,” according to the latest weekly report of Stratfor in the wake of the Mumbai terror attacks.”
This is a interesting report, although it is from a Pakistan newspaper, however it seems like the concerns should be valid.
This is the one I was in. A new experience.
BBC NEWS | Special Reports | Earthquake strikes northern Italy: “Northern Italy has been rocked by a magnitude 5.2 earthquake, Italian officials have said.
The quake struck near the city of Parma, north of Bologna, but was felt in cities from Milan to Florence.”
Looking through some old posts. Do you think that the stocks are cheap
enough yet for Buffet.
I was watching a VODcast on TED the other day. There was a planetary
scientist talking about the cassini huygens mission.
Was very interesting, however at the end she showed the most amazing
photo. It shows the sun being eclipsed by saturn. The blue dot in the
top left quadrant is apparently earth. Amazing photo.
China says lending to US will not go on forever – Yahoo! News: “China warned Wednesday it would not keep lending money to the US economy indefinitely, even as new data showed it had consolidated its position as the top buyer of American government bonds.”
BBC NEWS | Technology | Severed cable disrupts web access: “Internet and phone communications between Europe, the Middle East, and Asia have been seriously disrupted after submarine cables were severed.
It is thought the FLAG FEA, SMW4, and SMW3 lines, near the Alexandria cable station in Egypt, have all been cut.”
Another one, this is starting to get regular.
BBC NEWS | UK | England | South Yorkshire | Man’s £5 debt repaid 39 years on: “A Sheffield man who lent a penniless Australian tourist £5 to pay for a ferry trip in 1969 has been repaid his debt nearly 40 years later.”
This is a nice story of faith in human nature
Homepage – 680News – ALL NEWS RADIO: “By the time the snow storm blows out of the city, about 15-20 centimetres of snow could be on the ground in Toronto and most of the GTA, while the areas of Oakville to Niagara could see up to 35 centimetres of the white stuff by Friday night because of embedded snowsqualls.
Strong easterly winds of 50 kilometres an hour developed early on, with stronger gusts at times.”
Get ready for ‘Toyota shock’: “Those who argue Japan is better positioned than peers to weather the global crisis have a point. Japan’s roughly $US15 trillion of household savings offers a cushion the US, Europe and China lack. Japan also has demonstrated a remarkable ability to live without much growth.
Yet the yen’s powerful rally is knocking down one of the three pillars supporting the country, the others being ultra-low interest rates and super-loose fiscal policy. Its gains fly in the face of conditions in an economy that shrank at an annual 1.8% pace in the three months ended September 30. That’s where the world’s second-biggest economy finds itself.”
The rush to invest in the yen maybe somewhat premature. Same with the Euro maybe.
How to choose a netbook | Small is beautiful | The Economist: “Computing: Netbooks are small computers that are cheaper and lighter than full-scale laptops. They have their merits—but do not ask too much of them”
Well I think my one is great…. largely replaced my desktop
Recession: Bank of England may have to print you a pocketful of cash to spend – Telegraph: “Among the radical plans being considered by economic policy-makers is the possibility that the Bank could directly hand out cash to people.
This could mean a Bank of England Gold Card, it could mean a rebate cheque, it could even mean a bundle of notes arriving in the post. More prosaically, it could mean the Bank giving money to commercial banks for them to lend to customers.
Whatever the ultimate outcome, the message is clear: we are about to enter a weird, parallel universe for monetary policy. Since the Bank was set up in the 17th century, by far and away its most important tool for controlling the economy has been the level it sets for interest rates.”
Deflation virus is moving the policy test beyond the 1930s extremes – Telegraph: “Debt deflation is tightening its grip over the entire global system. Interest rates are creeping towards zero in Japan, America, and now across most of Europe.
We are beyond the extremes of the 1930s. The frontiers of monetary policy are being pushed to limits that may now test viability of paper currencies and modern central banking.”
This is what worries me, I am picking up these articles and opinions in VERY mainstream publications like the Telegraph in the UK.
One More Question… | 44 | washingtonpost.com: “Question No. 58 in the transition team vetting document for the Obama White House asks that applicants: ‘Please provide the URL address of any websites that feature you in either a personal or professional capacity (e.g. Facebook, My Space, etc.)’
Question No. 63 asks that applicants ‘please provide any other information … that could … be a possible source of embarrassment to you, your family, or the President-Elect.’
For a while there this afternoon, President-elect Barack Obama’s immensely talented chief speechwriter, 27-year-old Jon Favreau, might have been pondering how to address that question.
That’s when some interesting photos of a recent party he attended — including one where he’s dancing with a life-sized cardboard cut-out of secretary of state-designate Sen. Hillary Rodham Clinton, and another where he’s placed his hand on the cardboard former first lady’s chest while a friend is offering her lips a beer — popped up on Facebook for about two hours. The photos were quickly taken down — along with every other photo Favreau had of himself on the popular social networking site, save for one profile headshot.
Asked about the photos, Favreau, who was recently appointed director of speechwriting for the White House, declined comment. A transition official said that Favreau had ‘reached out to Senator Clinton to off”
In the non provate world of the internet…. we are going to be seeing more of this
Bank of England mulls “nuclear option” of cash injection – Telegraph: “The Bank of England is working on radical plans to inject cash directly into the economy – the nuclear option to be used only when interest rates approach zero.”
This idea here is truly scary, a recipe for inflation.
The Triangle Of Life – It just might save YOUR life or your loved ones – American Rescue: “Duck and Cover is outdated and should not be used. Standing in doorways during an earthquake is dangerous.
The most experienced rescue organization in the world, American Rescue Team International of San Francisco, California and its founder, Doug Copp, explain in detail new emergency preparedness procedures that can save lives during disasters. Youll see actual footage of earthquake rescues, building collapse demonstration and in general, a new and effective way of preparing for earthquakes and natural or man-made disasters. ‘.”
I don’t know how I came across this, but this seems important to know. It makes much more sense.
SPACE.com — Explore Moon Mountains from Your Backyard: “When is the best time to observe the moon with a telescope? Most astronomy neophytes might say it is when it’s at full phase — but that’s probably the worst time to look at it! When the moon is full it tends to be dazzlingly bright, as well as flat and one-dimensional in appearance.
In contrast, the interval when the moon is at or just past first quarter phase, or at or just before last quarter phase, is when we get the best views of the lunar landscape right along the sunrise-sunset line or terminator.”
Bloomberg.com: News: “Dec. 5 (Bloomberg) — California, the world’s eighth-largest economy, may pay vendors with IOUs for only the second time since the Great Depression, State Finance Director Mike Genest said.
In a letter to legislative leaders Dec. 1, Genest said the state “will begin delaying payments or paying in registered warrants in March” unless an $11.2 billion deficit is closed or reduced. California, which approved its budget less than three months ago, may run out of cash by March, state officials say.”
This is a concern, almost like printing its own money?