Economist Nouriel Roubini, chairman of New York-based research firm RGE Monitor, earned the nickname “Dr. Doom” by warning as early as 2005 that America’s speculative housing boom could trigger an economic crisis
Tag Archives: chinese
China Goes on a Smart Shopping Spree
The world might be sinking into its worst recession in generations, but China is on a wild shopping spree. Sitting some $2 trillion of cash reserves, Beijing is taking advantage of the woes of others to cement its grip on new sources of commodities ranging from olive oil to crude oil —often at fire-sale prices. China’s growth rate may be slowing in concert with the world economy, but even at that slower rate, its economy continues to expand, requiring a steady increase in supplies of oil, copper, aluminum and other minerals.
China: Man starts eatery for disabled son
Zhao Jiuhe sweeps the floors at his dad’s restaurant, chats with customers and waitresses whom he calls "older sisters," and clears the tables. But he is no ordinary 19-year-old. Jiuhe, who suffers from cerebral palsy, could not walk until he was four or talk until he was five
Nepal beefs up security ahead of Tibet anniversary
Authorities in Nepal said Saturday they have beefed up security near the Chinese Embassy to stop any possible anti-Chinese demonstrations in the run-up to the 50th anniversary of the Dalai Lama’s flight from Tibet. “The area within 200 meters (218 yards) of the Chinese Embassy visa section has been declared a prohibited area from Friday,” Nabaraj Silwal, the chief of the Kathmandu city police, said. “Rallies, sit-ins and sloganeering will not be allowed within the prohibited area.” The decision comes a day after visiting Chinese Vice Foreign Minister Hu Zhengyue had an hour-long meeting with Nepalese security officials in Kathmandu to discuss prevention of anti-Chinese activities.
China protest overshadows $470M YSL auction
China has criticized Christie’s auction of two Qing dynasty bronzes looted by invading French and British forces in 1860, saying the sale would hurt the auction house.
Pig liver dish in China sickens 14
A dish of stir-fried pig’s liver served at a dinner party in Guangzhou, China, poisoned 14 people with what authorities think was an animal feed additive, a Chinese state-run news agency reported. Investigators made 52 arrests in overnight raids in California, Minnesota and Maryland, increasing to more than 750 the number of suspects detained in the coast-to-coast operation to disrupt the Sinaloa cartel, Holder said.
China accuses U.S. of interference
China accused the United States of interfering in its internal affairs and those of other nations on Thursday after the State Department issued a report sharply critical of Beijing’s human rights record, state-run media reported.
Three set themselves on fire in Beijing
Three men set themselves on fire in a shopping area in downtown Beijing Wednesday, Chinese state-run media reported. Ivan Cameron, six, passed away early Wednesday, the UK’s Press Association reported a Conservative Party spokesman as saying.
Chinese mothers lose children, livelihoods in fatal wreck
The three mothers hail from the same province in China, but they’d never met until a reckless driver in central Ohio killed their only children.
Newspapers in Asia: A Positive Story
There’s a motorcycle-taxi stand near my home in Bangkok, and many of the drivers’ hands are dirty. Not from urban grime or motor oil, but from newsprint.