May
2
2010
Mitchell Blatt
The “Fundamental Transformation” of America.
Partisanship is running high these days, if you listen to any of the commentators, but one thing that partisans from both sides agree on is this: big changes are quickly coming to America.
Conservatives have been saying that Obama is a radical president intent on bringing socialism to America. Obama said that he was going to “fundamentally transform” America, prompting Glenn Beck to ask, “Transform into what?”
The passage of Arizona’s recent immigration law, according to liberals, signals America’s first steps into Nazi-ism or apartheid. This view has even been endorsed by Rep. Jared Polis of Colorado: “It is absolutely reminiscent of second class status of Jews in Germany prior to World War II.” (And they say Beck’s investigation into FEMA camps was conspiracy-mongering…)
Bertha Lewis, CEO of ACORN, recently told the Young Democratic Socialists that we are entering a new age of McCarthyism. (True, the tea partiers are routinely accused of being un-American seditionists by liberals.)
But the truth is, America isn’t fundamentally changing because of Obama and Congressional Democrats’ actions. America faces great change from large scale global and domestic events that would have came about no matter what Obama did. Obama is only hastening some of the economic changes.
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no comments | posted in Asia, China, Columns
Dec
16
2009
Mitchell Blatt
China Hush has some thoughts from Zhang Hongliang on why China’s trade partnership with America is bad for them: The “Disaster” of Chimerica: Are Both Sides Losers?
No, but both sides are behaving like sore losers.
Here’s Zhang Hongliang:
1.) The US enjoys the accomplishments of industrialization while China bears the burden of the negative effects of industrialization. … environmental pollution and the depletion of resources, overproduction, and inflation.
Of course China bears the pollution; THEY CREATE THE PRODUCT!
So that means they get the money and the jobs, and the US is losing jobs to China. China bears the burden and also reaps massive rewards.
2.) The formation of a new pattern of the distribution of wealth: Whatever China has, the US gets to enjoy.
Distribution of wealth=Americans give money to China. The US pays Chinese companies for products, the Chinese enjoy increased prosperity from America, their economy growing faster than any other in the world, and thus there are rising wages and rising standard of living.
Generally speaking, when you pay someone, you get something in return, so yeah, that’s how the US gets to enjoy Chinese products, and the Chinese get to enjoy US wealth.
3.) Continue reading
no comments | tags: Dollars | posted in Asia, China, Chinese Economy
Nov
21
2009
Sumantra Maitra
Our Managing Director is ecstatic. Not only ’cause yesterday we got record traffic (Thanks, Neil Boortz!)…even 1 hit from China!…which is a cause for celebration in itself…but also I wrote this post entirely focusing on China and its relation with U.S. and other relevant news snippets. As you know, President Barack Obama’s Asia trip was a public relations disaster…which scoffed both time-tested allies like Israel, and India, but it also resulted in Chinese diplomatic victories on every front…and even snubbing of U.S. suggestions on some points…
Even just a month back, India and the U.S. were training for wars together. The U.S.-India relationship thrived under Bush, and they are a key ally in the War Conflict Against Terror.
Now, in China, Indian media is reporting that Obama’s comments about getting China more involved in the Pakistan are causing controversy.
India and Pakistan have had a tenuous relationship since the 1947 partition of India and the and the Indo-Pakistan War. India has had conflicts with China, too, over border lands, and just this summer, both countries were increasing troop levels on their border.
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no comments | tags: China, Featured | posted in Asia, China, Chinese Economy, India
Nov
9
2009
Mitchell Blatt
God came to Arunachal Pradesh in an Indian army helicopter. Dalai Lama, who is known as an avatar of God, continued on his visit to Indian territory of Arunachal Pradesh, which is also claimed by China, as they claim or previously claimed all other territories, including Taiwan, Manchuria, Kashmir, and Singapore-Hongkong. Nevermind that.
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no comments | posted in Asia, China, India
Nov
6
2009
Sumantra Maitra
It’s a weird thing among communists, the infighting that takes place among them. Sino-Soviet border clash, Vietnam-Cambodia rift…and now China lambasted Obama government for the anti-dumping duties on steel pipes, carefully timed a week before President Obama’s visit.
But at last, after ages, they also claimed to be a market economy and wanted Washington to recognize the fact! (That a victory for capitalism, Mr. Chomsky?)
U.S., just out of recession and arrogant again, imposed anti-dumping duties of $2.63 billions, the biggest trade action against China ever. China is now countering this, by launching it’s own investigation against American products, which if goes true, will hit the already in coma car industry of U.S. the most.
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no comments | tags: barack obama, China, Dollar, Dollars, duties, economy | posted in Asia, China, Chinese Economy
Nov
5
2009
Mitchell Blatt
Congratulations, China!
As confirmation of their status as an Economic Power, China is building one of the world’s trademark tourist attractions of exuberance: a Disney theme park.

China (mainland) joins Japan, France, Hong Kong and America (twice) in the Land of Disney.
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no comments | tags: Dollars | posted in Asia, China, Chinese Economy
Nov
2
2009
Mitchell Blatt
When Obama said that his stimulation package has created 1 million jobs, did he include Chinese jobs in the calculation?
China’s manufacturing sector expanded at its fastest rate in 18 months in October, the eighth straight month of expansion, and Obama just happens to have gotten back to trying to push cap-and-trade last week.
The actual amount of new jobs stimulation has created is… Well, 2.7 million have been lost.
We should remember that Obama thought the unemployment rate would only reach 9 percent if the stimulation package didn’t pass.
Again, it’s just a question of who is going to be stimulated.
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1 comment | tags: barack obama, Dollar, Featured | posted in Asia, China, Chinese Economy, Obama Failure
Nov
2
2009
Mitchell Blatt
Apple is now launching the iPhone in China.
Which means you can now buy an iPhone for $1,024 instead of $170… Also, Apple’s iPhone won’t have Wi-Fi, even though the Chinese people still wouldn’t be able to search for “Tiananmen Square” even with Wi-Fi…
So the iPhone will have to compete with these other versions of the iPhone already popular in China:


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no comments | tags: iPhone | posted in Asia, China, Chinese Economy