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alstry (35.42)

Now China Joins The Punch

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12

February 09, 2010 – Comments (2)

Senior Chinese military officers have proposed that their country boost defense spending, adjust PLA deployments, and possibly sell some U.S. bonds to punish Washington for its latest round of arms sales to Taiwan.


The calls for broad retaliation over the planned U.S. weapons sales to the disputed island came from officers at China's National Defence University and Academy of Military Sciences, interviewed by Outlook Weekly, a Chinese-language magazine published by the official Xinhua news agency.

http://www.reuters.com/article/idUSTRE6183KG20100209

Step by step........getting closer each day as we leave the Industrial Age.

2 Comments – Post Your Own

#1) On February 09, 2010 at 5:02 PM, alstry (35.42) wrote:

This guy sounds pretty upset.

"Our retaliation should not be restricted to merely military matters, and we should adopt a strategic package of counter-punches covering politics, military affairs, diplomacy and economics to treat both the symptoms and root cause of this disease," said Luo Yuan, a researcher at the Academy of Military Sciences.

"Just like two people rowing a boat, if the United States first throws the strokes into chaos, then so must we."

Luo said Beijing could "attack by oblique means and stealthy feints" to make its point in Washington.

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#2) On February 09, 2010 at 5:08 PM, alstry (35.42) wrote:

But at least we may be able to give people jobs......

Job Openings Plunged by One Quarter Last Year

The black swans are really flying now.....

Feb. 9 (Bloomberg) -- Venezuelan President Hugo Chavez declared a national emergency in the electricity sector as the country’s worst drought in 50 years dries up water supplies in hydroelectric dams.

ZOMBULATOR STILL STRONG IN JAPAN....

McDonald's Corp. (MCD) is closing 430 restaurants in Japan, the latest sign of the faltering economy in the Asian country.

A 50% owned affiliate will shutter the locations over the next 12 to 18 months in conjunction with the strategic review of the company's real estate portfolio. The world's largest restaurant chain plans to take charges of $40 million to $50 million in the first half of the year.
McDonald's Holdings Co. (Japan) has 3,700 stores.

"These actions are designed to enhance the customer experience, overall profitability and returns of the market," the company said in a press release.

McDonald's also is opening 90 new restaurants and refurbishing 200 in Japan. Clearly, McDonald's is retrenching. The fast food market in Japan is bad because of the weak economy.

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