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    Front Page
    

Why China has it wrong on Myanmar

China, in the face of the latest unrest in Myanmar, has reverted to its traditional stance of non-interference in another country's internal affairs, despite its extensive clout and commercial interests there. The opportunity exists, though, for Beijing to enhance its image considerably by putting pressure on the generals, and in the process distinguish itself from regional rival India, which prefers to look the other way. - Bernt Berger (Oct 2, '07)

China cherishes its 'jade kingdom'
Described in China as a "jade kingdom on Earth", Myanmar has long been viewed as a country of riches from which successive Chinese dynasties commanded tributes. Given this history of involvement in Myanmar's fortunes, Beijing can be expected to hold on to its unique capacity to influence its future. (Oct 2, '07)



A crack opens in the Korean wall
To the surprise of some, North Korean leader Kim Jong-il did personally welcome South Korean President Roh Moo-hyun in Pyongyang on Tuesday. But what counts is that Kim gave the clear impression that their summit might be more than show, more than a highly scripted affair confined to platitudes about the need for reconciliation, peace and economic cooperation. - Donald Kirk (Oct 2, '07)

Tajikistan struggles for power
Tajikistan is desperately short of electricity, with most of it consumed by the Talco aluminum plant, the country's major earner of foreign currency by far. The United States, Russia, China, India and the European Union are all bidding the billions of dollars required to build the dams and power stations needed to provide more energy. And this despite the extremely dubious example of Talco's dealings with foreign partners. - John Helmer (Oct 2, '07)

SUN WUKONG
Beyond Confucius
and communism

While China long ago officially discarded Confucian rituals in favor of communism, old traditions die hard, including ones that are being perverted by corrupt officials glorifying their personal fiefdoms. President Hu Jintao's solution, a simple moral code of "Eight Honors and Eight Shames", will shortly be enshrined in the Chinese constitution, but what is needed is a blend of old respect for order enforced by a detailed and modern rule of law. - Wu Zhong (Oct 2, '07)

THE ROVING EYE
The southern axis of evil
After Iranian President Mahmud Ahmadinejad's frosty reception in New York, the red carpets were rolled out for him in Bolivia and Venezuela, Iran's key strategic allies in South America. The trade deals Ahmadinejad signed are significant, as is his realization of which way the winds are blowing in a new world order. - Pepe Escobar (Oct 2, '07)

KEBABBLE
A meaty tale of sordid murder
The Turkish term for cannibalism is yam yam, which sounds disturbingly similar to the English "yum yum". That's about the tastiest aspect of the story of Ozgur Dengiz, who has been accused of killing a man and eating him. - Fazile Zahir (Oct 2, '07)



SPENGLER
The devil and Alan Greenspan
Former US Federal Reserve chief Alan Greenspan points a finger at credit rating agencies for not knowing what they were doing and causing the crisis in the financial world. It might just as well have been the devil, for the world deserves just that sort of imp for its sloth, complacency and humbug. Either way, Americans have to learn they cannot surf the wave of the world's savings forever, and Asians must learn that they cannot avoid risk by placing their savings in America. (Oct 1, '07)

No such thing as a Sure Thing
While the analytical theories and blame casting has been fast and furious since the international market spasms of August, it all boils down to the same lessons lowly gamblers have been learning - and forgetting - at the race tracks for decades. - Julian Delasantellis (Oct 1, '07)

Cracks emerge in Myanmar military unity
While there's a lull in the bloody protests that have rocked Myanmar, it's now clear that part of the artificial calm is the result of a growing rift between the nation's two top military leaders over the next step - more brute force or dialogue, conceivably with a UN special envoy and detained opposition leader Aung San Suu Kyi. Reports that individual soldiers also resisted firing on protesters are also emerging. - Larry Jagan (Oct 1, '07)

Al-Qaeda wants a part of Afghan talks
Although the Taliban have rejected Afghan President Hamid Karzai's latest offer of peace talks, this is by no means the end of this avenue, given the intense political jockeying in such sensitive matters. What does remain a major stumbling block, though, is al-Qaeda, which also wants to be accommodated if any deals are being made. - Syed Saleem Shahzad (Oct 1, '07)

China reshuffle sends message to Taiwan
An expected shakeup of China's Central Military Commission at the upcoming 17th National Congress will bring in at least five generals with previous Taiwan-related credentials. It's a not-so-subtle signal by President Hu Jintao concerning his displeasure with Taiwan's push for UN membership. - Fong Tak-ho (Oct 1, '07)

FILM REVIEW
A failed kingdom
The Kingdom directed by Peter Berg
Using explosive real events as its base, this fictional film strains to stir emotions, despite all the action. It plays fast and loose with facts and is disturbingly rife with anti-Arab bias. In short, it is a cliched, slick, manipulative effort that fails. - Kaveh L Afrasiabi (Oct 1, '07)

Ahmadinejad and Bush: Mirror men
An in-person meeting with Iranian President Mahmud Ahmadinejad reveals someone quite unimpressive. With his rambling platitudes and inclination to twist his faith to meet his ideological convictions he's alarmingly like his nemesis, President George W Bush. He's also a lame duck president with a faltering following in his own country. - Stephen Zunes (Oct 1, '07)

China's trillion-dollar kitty is launched
To utilize part of its over US$1 trillion in foreign-exchange reserve for overseas investing, Beijing has officially unleashed China Investment Corp. It has already invested $3 billion in the US private equity firm, Blackstone Group. Transparency is pledged, but so far it's too early to judge. (Oct 1, '07)

A massive wrench in Putin's works
Turkmenistan, the energy-rich gas powerhouse of Central Asia, was all but in Moscow's pocket, having agreed to allow Russia almost exclusive access to its vast reserves and exports. Russian President Vladimir Putin was poised to deal a death blow to Western plans to bring Turkmen gas to the European market bypassing Russian territory. Almost overnight, Turkmenistan appears to be responding to desperate US and European Union moves to recover lost ground. With Iran and China pulling in other directions, the great game has taken a dramatic twist. - M K Bhadrakumar (Sep 28, '07)

Myanmar's blogs of bloodshed
With the borders virtually sealed, foreign journalists barred and news censored, bloggers in Myanmar have become citizen journalists, detailing their first-hand experiences in words and pictures of chaos, gunfire and death and enabling the world to watch. But now, in an ominous development, even this outlet is being blocked by the junta. - Richard S Ehrlich (Sep 28, '07)

Anti-Iran hawks win partial victory
It's official. The US Senate has approved an amendment calling for the White House to designate Iran's Revolutionary Guard Corps a "foreign terrorist organization". Meanwhile, infighting between Vice President Dick Cheney's hawkish cabal and more cautious US military brass has intensified. - Jim Lobe (Sep 28, '07)

COMMENT
Unveiling men in the Arab world
While Islamic clerics debate minutiae such as breast-feeding, or whether actors portraying a wedded couple are really "married" or not under Islamic law, or vent their fury at Danish cartoons, they are ignoring larger, more meaningful issues such as the invisible veil of ignorance worn by men. The veil not only blinds them; more important, it also diminishes Islam in others' eyes. - Sami Moubayed (Sep 28, '07)

CHAN AKYA
Capitalism does work
America's subprime problems have unleashed a torrent of left-wing chest-beating among the world's media, a lot of which casts the borrowers as victims of unscrupulous lenders. Much of the criticism, especially in Europe and Asia, appears to have extended to capitalism and free markets in general. For economies across Asia, though, now is hardly the time to experiment with any alternative systems.

 MYANMAR: HOLY MEN AND MAYHEM

Monks in the vanguard for regime change
As they have done on numerous occasions over the decades, Buddhist monks have taken to the streets calling for political change. But with the first of their ranks reportedly gunned down and having captured the popular imagination, the monks have raised their demands from dialogue between the government and opposition political parties to full-blown regime change. - Brian McCartan (Sep 27, '07)

The man behind the madness
Ailing, aloof and said to be deeply superstitious and paranoid, Myanmar's military despot General Than Shwe is rarely seen, virtually never heard in his own voice, but also a man who maintains a vise-like grip on his impoverished nation through psychological and physical terror. The current chaos, though, provides another ambitious soldier a pretext to seize power for a new, and perhaps more moderate, military faction. - Richard Ehrlich and Shawn W Crispin (Sep 27, '07)


FILM REVIEW
How the 'gang of four' lost Iraq
No End in Sight directed by Charles Ferguson
There's nothing "new" in this fresh, lucid documentary that details the Bush administration's tragic mismanagement of the Iraq war, but what Ferguson brings into sharp, jarring focus is the sheer incompetence - often from the lips of those involved - that spawned the current maelstrom. - Khody Akhavi (Sep 27, '07)

THE ROVING EYE

Buddha vs the barrel of a gun
With the United Nations as his stage, US President George W Bush announced to the world his decision to slap new economic sanctions on Myanmar. This is just for internal American consumption. The outcome of the showdown between thousands of Buddhist monks and the military rulers in Myanmar will in all likelihood be decided in China. - Pepe Escobar (Sep 26, '07) 

The Iraq oil grab that went awry
US officials have consistently dismissed the notion that the Iraq war was all about oil as too simple-minded for serious debate. Now former Federal Reserve chief Alan Greenspan has waded in, writing that "the Iraq war is largely about oil". The dreams of black gold have spawned a story of greed, mismanagement and incompetence of spectacular proportions. -
Dilip Hiro (Sep 26, '07)

Russia is far from oil's peak
Russia has a radically different scientific approach to discovering oil, turning the Peak Oil theory on its head. With Moscow possessing this geopolitical trump card, it is not surprising that the US has gone about erecting a "wall of steel" - military bases and anti-missile shields - around Russia to cut its pipeline and port links to western Europe, China and the rest of Eurasia. - F William Engdahl (Sep 26, '07)

THE ROVING EYE
'Hitler' does New York
Despite his demonization by the White House, US media and his Columbia University host, Iranian President Mahmud Ahmadinejad's skillful and manipulative Big Apple blitz has wowed the audience that really matters: the global Muslim "street". For those who listened, unlike the many who simply branded the man as too evil to speak, Ahmadinejad coolly turned American disinformation on its head, to his own advantage. - Pepe Escobar (Sep 25, '07)

ASIA HAND
Burning down Myanmar's Internet firewall
Despite being under one the most extreme Internet censorship regimes in the world, Myanmar's tech-savvy citizen journalists have found ways to burrow under the junta's firewall. From hidden Internet cafes, proxy servers, proxy sites, encrypted e-mail accounts and http tunnels are keeping the information flowing about the current unrest. - Shawn W Crispin (Sep 20, '07)

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Hang Seng turns a
brighter shade of red

What the likes of Warren Buffett unload is seen as gold by eager mainland Chinese investors who are increasingly replacing foreign forces as the primary players on the Hong Kong stock market. - Olivia Chung

Afloat: The new
economics of trade

Since the former General Electric chief executive launched his "every plant you own on a barge" concept, globalization has enabled Jack Welch's vessel to float from country to country in search of cheap labor. The voyage has been both at the expense of countries that can't successfully anchor the barge as well as ones, such as China, that have traded environmental and labor protection in favor of the quick buck. - Thomas I Palley

Emerging markets beckon
new IMF chief

As expected, former French finance minister Dominique Strauss-Kahn, the EU nominee, has beaten out Russia's candidate to head the International Monetary Fund. He insists he will push reforms sought by poorer nations and emerging markets, but critics say it's too late: poor countries are turning to China instead of the IMF.

 THE MOGAMBO GURU

The not-so-tragic dollar/oil disparity
Oil exporters don't want dollars, see? They want units of buying power that they can use right now (like ordering some pizza and liquid refreshments for everybody), or to use in the future (to order some pizza and liquid refreshments as soon as The Mogambo goes home) ...  

CREDIT BUBBLE BULLETIN
Clash of the paradigms
The US's current fragile boom - characterized by unprecedented imbalances and maladjustments - can only be sustained by ongoing massive credit creation. In an increasingly risk-averse world, this poses a colossal risk-
intermediation challenge. Wall Street will be hard-pressed to meet the new reality. Doug Noland wraps up the previous week's developments each Monday.




Re Al-Qaeda wants a part of Afghan talks [Oct 2] ... If [Afghan President Hamid] Karzai and his regime and associates are sincere in the negotiations, then they should declare the intention and schedule of withdrawal of foreign troops and start such withdrawal immediately ...
Rashid Hassan 
   Go to Letters to the Editor





1. A massive wrench in Putin's works

2. The devil and Alan Greenspan

3. No such thing as a Sure Thing

4. Cracks emerge in Myanmar military unity

5. China's trillion-dollar kitty is launched

6. FILM REVIEW: A failed kingdom

7. China reshuffle sends message to Taiwan

8. Ahmadinejad and Bush: Mirror men

9. Al-Qaeda wants a part of Afghan talks

(24 hours to 11:59 pm ET, Oct 1, 2007)







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