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Due to holidays, Asia Times
Online will next upload on Tuesday, April 10.
US
playing cat and mouse with Pakistan

The United States has placed a bounty of US$10 million on the head of Hafiz
Mohammad Saeed, accused by Delhi of masterminding the militant mayhem in the
Indian city of Mumbai in 2008. The action has surprised Pakistan, where
Saeed lives openly, and casts a shadow over moves for detente between
Delhi and Islamabad. Washington's motive may be even more sinister. - Karamatullah
K Ghori (Apr 5, '12) |
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Small wars loom
large on China's horizon
China's rising naval dominance in the western Pacific could soon see it launch
small-scale wars against rival claimants for energy-rich waters, with the
fallout more manageable than expected for Beijing. While attacking major US
allies like South Korea would stir too much trouble, testing new toys against
adversaries like Vietnam or the Philippines is unlikely to spark World War III.
- Jens Kastner (Apr 5, '12)
THE
ROVING EYE
We want war,
and we want it now
A full-fledged mercenary army paid for by autocrat Arabs to overthrow an Arab
government in Syria is pure and simple regime change - United States rhetoric
about "democracy" and "freedom" notwithstanding. It's all about classic,
imperial divide and rule, profiting from pitting Sunnis against Shi'ites.
- Pepe Escobar (Apr 5, '12)
The Lady and the generals
meet half-way
The sweeping by-election victories in Myanmar by Aung San Suu Kyi's party and
the government's tolerance of the voting outcome have made it possible for the
United States to start relaxing sanctions against the country. The next
challenge is the 2015 general election and whether the army will stand back
then too. - Brian McCartan (Apr 5, '12)
Fears over floating currency
Stability in Myanmar will now be reflected in a floating exchange rate
for its currency as the government moves to abandon an overvalued fixed
rate in line with the more widely used black market value. Badly managed,
the float could lead foreign capital now rushing in to flee just as quickly. - Joseph
Allchin (Apr 5, '12)
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Loyalty drive may stifle China
reforms
A plethora of wild rumors surrounding the downfall of Chongqing's Communist
Party secretary Bo Xilai confirms there are serious ills in China's body
politic. Amid attempts to shore up stability ahead of the wholesale changing of
the guard at the 18th Party Congress in November, it is doubtful whether the
party elite will heed Premier Wen Jiabao's repeated calls for genuine political
reform. - Willy Lam (Apr 5, '12)
Modi garlanded abroad, stained
in India
Gujarat
Chief Minister Narendra Modi, burnishing his image ahead of a likely bid to
lead India in 2014, is being lauded abroad by sources such as Time magazine.
The problem for Modi at home is that the achievements they cite fail to glow,
while his brand of Hindu nationalism and part played in sectarian riots in 2002
won't wash away outside of Gujarat.- Sudha Ramachandran
(Apr 5, '12)
Explosive escalation of Thai
insurgency
Whether the coordinated car bomb attacks in two southern Thai cities were
essentially operational, or squarely political, is a moot point. What is clear
is the changed landscape of the low-intensity insurgency - and the pressing
need to come up with a solution that won't aggravate the situation. - Anthony
Davis (Apr 5, '12)
INTERVIEW
Revisiting the science
behind 9/11
Even as the blood-stained dust of the World Trade Center was still smoking, the
attacks triggered one of history's most enduring "whodunit" mysteries. In this
interview with Asia Times Online contributor Victor Fic, Australian
scientist Frank Legge indicts the United States. (Apr
5, '12)
SPEAKING FREELY
Saudi Arabia's Syrian jihad
While the United States and its allies are wary of seeing Syria become a
sectarian battleground, Saudi Arabia is enthusiastically hurtling towards it.
Power brokers in Riyadh have clearly calculated that the potential fruits of
toppling President Bashar al-Assad, and enthroning a Sunni-aligned regime, are
well worth the political risk.
- Joshua Jacobs (Apr 5, '12)
To submit to
Speaking Freely click
here.
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World impotent as North Korea shoots
The satellite launch in North Korea this month is an important step towards
acquiring capacity to fire a long-range missile, which makes international
outrage and China's uncharacteristic voicing of displeasure understandable. But
these are noises off-stage; even if China accepts more sanctions, it will make
sure they will not bite too harsh. For Pyongyang, cancelation of the blast is
unthinkable. - Andrei Lankov (Apr 4, '12)
US risks emotion on China's clean
energy
As the United States government imposes tariffs in response to alleged Chinese
subsidies on manufacture and export of solar panels, US legislators must ask
whether protectionism or competition should be used to deal with China's goal
of dominating clean technology. Emotionally satisfying protectionism will
unfortunately be the one chosen. - Benjamin A Shobert
(Apr 4, '12)
SINOGRAPH
Dreams - and nightmares
Chinese leaders have come to realize the country should become a great paladin
of the free market and democracy, and embrace them very strongly, just as the
West is rejecting them because it is realizing they are backfiring. This is the
"Chinese Dream" - working better than the American dream. Or is it just too
fanciful?
- Francesco Sisci (Apr 4, '12)
Data
mining you
A US$2 billion bunker in Utah five times the size of the US Capitol is one of
many sprouting like mushrooms in the sunless forest of the US intelligence
world. With a boggling septillion bytes of storage space for information on
everyone, that network is a faceless and Kafkaesque bid to capture our very
identities.
- Tom Engelhardt (Apr 4, '12)
US toys with East Asian peace
Despite North Korea's invitations for US experts to verify the peaceful nature
of its satellite launch and past US acceptance that Pyongyang is capable of
launching such devices, Washington continues to threaten East Asian peace with
its ultimatums, says the North's unofficial spokesman. By bravely back-tracking
on its bluffs, the US could break the cycle of tensions on the Korean
Peninsula.
- Kim Myong Chol (Apr 4, '12)
AN ATOL INVESTIGATION
All of Kim Jong-eun's men
Key managers of North Korea's illicit ballistic and nuclear weapons programs
have moved to the center of Kim Jong-eun's inner circle in the first leadership
reshuffle after his father's death, confidential foreign intelligence documents
show. The shadowy power brokers have already tested their leader's mettle with
missile launch plans that sabotaged the recent US food-aid deal. - Nate Thayer
(Apr 3, '12)
US keeps eye on Syria, ties in
Gulf
The "Friends of Syria" meeting on April Fool's Day exposed the international
impotence of attempts at regime change, including the sniff of a bid by Gulf
monarchies to bribe President Bashar al-Assad's forces into defection. There
was only one winner in Istanbul: having wisely kept her own counsel, United
States Secretary of State Hillary Clinton walked away from the circus laughing.
- M K Bhadrakumar (Apr 3, '12)
Israeli experts back Bibi's
bluff
That there isn't much outcry in Israel against a war with Iran is down to
Israelis knowing the game Benjamin Netanyahu is playing. Their prime minister's
poker face on an irrational threat to attack Iran is seen as a highly
successful bluff that has succeeded in heaping international sanctions on their
enemy.
- Gareth Porter (Apr 3, '12)
SPENGLER
Rick Santorum's mission
from God
Rick Santorum can one day become the president of the United States, just not
now. First, he needs to act as a beacon for generosity and disinterested
patriotism by suspending his campaign and backing Mitt Romney's bid. By making
the president in 2012, the path will be clear for Santorum's God-given future
as one of America's senior statesmen. (Apr 2, '12)
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A
sinking ship
in Vietnam
Nine former officials with Vietnam Shipbuilding Industry Group received upwards
of 20-year jail terms for their role in the near collapse of the state-owned
company. Unfortunately, the trial last week focused only on individual
criminality instead of systemic malfeasance - Duy Hoang
India slips on Iranian oil bills
India's plans to pay for Iranian oil through barter are looking impractical,
raising the prospect that payment could be done by funding a prospective
transport network from Russia through Iran to India. - Robert M Cutler
Iran sanctions take their toll
Sanctions against Iran are working sufficiently well to dent trade (Turkey's
exports to Iran have fallen 25%), prompt a currency collapse and have Iranians
ask whether the nuclear program is worth the pain? Pressed too hard, they could
still backfire on the West. - Antoine Blua
The US as number two
The Chinese economy may already be 20% larger than that of the United States,
its growth increasing the options available to other countries, such as in
raising capital. Beijing's policies may yet help ease others from the wasteful
straightjacket of US patent and copyright rules. - Dean Baker
CREDIT BUBBLE BULLETIN
Financial repression?
Returns for the rationally risk-averse investor are being depressed. Yet it is
an altogether different story for the financial speculator: Instead of
repression, it's financial liberation. Never has the investment landscape been
so stacked against the saver and investor in favor of the speculator community.
Doug Noland looks at the previous week's events each Monday.
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Three cheers
for
the Home Ministry
From appearances, Indian cabinet ministers are back to their old selves as the
2G scam fades from the limelight. That is the impression one gets from a
sensational story in the Indian press about usual troop movements near the
capital on January 16. - M K Bhadrakumar
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