I wrote a piece for Forbes explaining that contrary to what many analysts say, the enormous investments in infrastructure in China will be good for the economy and also visionary on the part of China’s leadership: http://www.forbes.com/sites/annlee/2012/07/22/why-chinas-high-investment-levels-wont-hurt-them/
Pew released a report that shows that for the first time, Asian Americans surpassed Hispanics in the U.S. population. In the Fiscal Times, Editor in Chief Jacqueline Leo provides a news analysis about the implications of this development and widely quotes me in her article that is linked here.
“We’ve displayed to this world leader our work ethic, No. 1, and our value for friendship; that’s No. 2,” Mayor DeWayne M. Hopkins said in an interview at City Hall. “If that message can be disseminated into the rest of the United States in encouragement for people to be interested in Muscatine and perhaps relocate here – and I mean people all the way from households up to retail and manufacturing – then that’s a plus.”
The above quote refers to the visit to Iowa by Xi Jinping where the Chinese president in waiting once spent time as a young man. His visit underscores the desire for the Chinese to maintain strong relations with the U.S., but his choice of cities also underscores his sympathies for the common man. Continue reading
1. The Chinese Central bank (PBOC) will relax interest rates.
2. The Chinese banks will return to easy lending.
3. The expected real estate bubble will not
burst the Chinese economy because the Chinese government will soften real estate
4. Chinese consumption will creep towards
40% of GDP.
5. Wang Qishan will be the Premier.
6. China will create more small banks to
lend to SMEs and TVEs.
7. China will use the north Canton area to
experiment with democracy as a way to solve the land grab issue.
8. The Hong Kong Stock Exchange will be
allowed to trade in China and link up with the Shanghai Stock exchange to
create a world powerhouse.
9. China will team up with the Eurozone to
set up an International Currency Regulatory Authority.
10. China will create an Asian currency bloc with Japan and S.
Herman Cain has revealed an embarrassing truth about his politics which is that he lacks even superficial knowledge about the world outside of U.S. borders. When he said that China is a threat to the U.S. because it is developing nuclear weapons and later retracted his statement with a new statement saying China doesn’t have a nuclear capability close to that of the U.S., he not only undercut his original assertion, but he displays an ignorance that poses a danger to Americans and the world at large if he came to power.
Leadership selection is the most important job the citizens of a nation must do in a democracy; otherwise we might as well continue with monarchies. Continue reading