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Tag: China

Christie-Backed Casino Goes Bust in NJ

Christie-Backed Casino Goes Bust in NJ

On Friday, the $2.2 billion Revel Casino in Atlantic City was back in bankruptcy court for the second time in 2 years. Lawyers for the mega-casino argued it was a “melting ice-cube” that would have to close this summer unless

NSA Hurting Millennials' Way of Life

NSA Hurting Millennials' Way of Life

Millennials are criticized for broadcasting too many intimate details of our everyday lives online. We readily publish what we had for lunch, when we went to the gym, relationship status updates, and more. Things more senior generations might deem “TMI”

Hong Kong Is Becoming Dangerously Polarized

Hong Kong Is Becoming Dangerously Polarized

From The Economist: For years after the return of Hong Kong to Chinese sovereignty in 1997, China’s leaders surprised the world by adhering scrupulously to Hong Kong’s unusual political set-up of “one country, two systems”. Under the terms of the

Jerry Brown Signs California State Budget in San Diego

Jerry Brown Signs California State Budget in San Diego

“The budget reflects the parameters of the rainy day fund that the legislature unanimously approved last month. No budget is perfect and no one got everything that they wanted, but with this budget, that insures stability and expands opportunity, we

Iraq Is Now Asia's Problem

Iraq Is Now Asia's Problem

With the United States becoming a net energy exporter in early 2014 and expected to be the world’s largest producer of oil in 2015, the United States’ 40 years of investing massive financial resources and diplomatic clout to maintain stable

'Sick notes' For Sale As World Cup Fever Grips China

'Sick notes' For Sale As World Cup Fever Grips China

The 11-hour time difference between China and Brazil has given Chinese wheeler-dealers a lucrative opportunity selling fake sick notes to football fans staying up all night to watch World Cup games. A search by AFP for “Beijing” and “sick notes

China Jails Citizen Activists up to 6 1/2 Years

China Jails Citizen Activists up to 6 1/2 Years

BEIJING (AP) — A court in eastern China on Thursday sentenced to up to 6 ½ years in prison three activists who were part of a nascent civil rights movement that has urged government officials to publicly disclose their assets.

Canada Approves New Pipeline to Pacific Coast

Canada’s government has approved the creation of a new pipeline which could move tar sands oil to Asian markets. The pipeline, if built, could replace a significant portion of the proposed Keystone XL pipeline’s capacity in case it is not

Armenians Smuggled Through U.S.-Mexico Border

Armenians Smuggled Through U.S.-Mexico Border

Illegal aliens from around the globe have been sneaking into the U.S. through the southern border. Recently the suspected head of a human smuggling ring was captured at the San Ysidro Port of Entry. Two other men suspected as part

17 Chinese Soldiers Killed In Armory Blast

17 Chinese Soldiers Killed In Armory Blast

On June 17 “an accidental explosion” at a central China armory “killed 17 soldiers while they were stacking ammunition.” The armory is located “on the outskirts of Hengyang.” The Associated Press reports that China’s Xinhua News Agency says the cause

World Cup Highlights Asia's Illegal Betting Boom

World Cup Highlights Asia's Illegal Betting Boom

HONG KONG (AP) — As teams battle for football glory at the World Cup in Brazil, the biggest winners from the tournament may be illegal bookmakers in Asia. Since kickoff, Chinese officer worker Chen has already wagered 2,000-3,000 yuan ($320-$480)

Five Things to Know About Inflation Heating Up

Five Things to Know About Inflation Heating Up

Buffeted by slow growth and too few jobs, Americans now have to deal with more inflation. In May, consumer prices rose at more than a 4 percent annual pace, and inflation has been heating up the last several months. Rapid growth

BP says to sign $20bn gas supply contract with China

BP says to sign $20bn gas supply contract with China

British energy giant BP will sign a long-term deal with Chinese state-owned peer CNOOC in London on Tuesday to supply China with liquefied natural gas, BP chief executive Bob Dudley said. The LNG deal, worth around $20 billion (14.75 billion

'Godzilla' Stomps Competition at Chinese Box Office

'Godzilla' Stomps Competition at Chinese Box Office

The summer’s glitzy reboot of the famed Japanese monster Godzilla proved a hit with American audiences. Still, domestic ticket buyers seemingly prefer the Captain America reboot as well as X-Men: Days of Future Past. Not in China, where the big,

Foreign Holding of U.S. Debt Hits New Record

Foreign Holding of U.S. Debt Hits New Record

WASHINGTON (AP) — Foreign buyers of U.S. Treasury securities increased their holdings in April to another record high even though China cut back on its holdings for a third straight month. The Treasury Department reported Monday that total foreign holdings

Economics and the Failure of US Foreign Policy

Economics and the Failure of US Foreign Policy

U.S. foreign policy is failing. Russia is pushing into Ukraine and threatening Eastern Europe; China is bullying Japan, the Philippines, and Vietnam in the East and South China Seas; and terrorist groups in the Middle East and Africa can be