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Asia Times Online is taking a
short break. Our next upload will be Tuesday, March 25.

Same
game, new rules in Afghanistan

Obituaries for the Taliban's spring offensive are premature, though instead of
trying to engage opposition forces head-on, the Taliban will open up new fronts
in both Pakistan and Afghanistan. In return, North Atlantic Treaty Organization
and United States-led troops will target the Taliban's safe havens straddling
the border with Pakistan. - Syed Saleem Shahzad
(Mar 20, '08)
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Pyongyang cashes in on US row
Just how "welcome and wanted" US forces remain in South Korea will depend to
some extent on whether Seoul is prepared to pick up the tab for an extra US$10
billion in connection with the relocation of a US base in the country. The
issue goes to the core of the US military presence in South Korea, something
North Korea has been quick to exploit. - Donald Kirk
(Mar 20, '08)
Economic and strait-talk as Taiwan votes
A sluggish economy is of greatest concern as Taiwan heads for the weekend's
presidential polls. The island's relationship with China, as always, is a
key issue, while the ethnic backgrounds of the two candidates - the
Kuomintang's Ma Ying-jeou and Frank Hsieh of the ruling Democratic Progressive
Party - are a bitter debating point. - Cindy Sui
(Mar 20, '08)
Politics of poverty in the
Philippines
With the Philippine economy seemingly steaming along (7.3% growth last year),
President Gloria Macapagal-Arroyo has some figures with which to deflect her
mounting political troubles. But as long as she plays statistical tricks, such
as with unemployment data, and the poor remain poor, she's fighting a losing
battle. - Joel D Adriano (Mar 20, '08)
BOOK REVIEW
Larger than life
Tell Me a Story by Kevin Sinclair
Sinclair epitomized the swashbuckling, hard-drinking journalists of yesteryear,
and his memoir is sure to stir nostalgia for the days of inebriated gatherings
of close-knit China scribes in Hong Kong. Sinclair was the leader of the pack,
and his descriptions of crazy stories and eccentric personalities are an
important backdrop to the history of Hong Kong and China. - Kent Ewing
(Mar 20, '08)
SEX
IN DEPTH
My short time with Tito
It all started innocently enough: a simple research outing to uncover the
underworld of Western sex workers in Asia. But then, at the unsubtle urging of
an over-bulked Baltic bouncer named Tito, the venture became a tour of the sex
trade "circuit". What came out was the naked truth about organized crime,
immigration, sex and the story behind some of Asia's most notorious ports of
call girls.
William Sparrow writes a weekly column looking at issues relating to sex
in Asia. (Mar 20, '08)

Why Spitzer was Bushwhacked
Disgraced New York State governor Eliot Spitzer had cause to feel frisky when
he visited Washington in February. As he was paying off a call girl, the press
was preparing to run a Spitzer broadside against the world's biggest financial
powers and President George W Bush, whom he described as a fugitive from
justice and a partner in crime with predator lenders. It was a politically
fatal coincidence. - F William Engdahl
(Mar 19, '08)
Bernanke running out of bliss
room
US Federal Reserve chief Ben Bernanke and his pack of merry pranksters, having
given Wall Street yet more interest rate cuts, now have only a few months
before they must conjure up other tricks to end the rot in the US economy as
rate levels head toward their floor and inflation concerns mount. - Julian
Delasantellis (Mar 19, '08)
An inflation reality check
With US monetary policy setting the pace for inflation in as much as 60% of the
global economy, unconcerned central bankers - and investors - should hold their
next meeting in Zimbabwe; other destinations from Vietnam to Venezuela also
offer evidence of the damage uncontrolled price rises can cause. And this is
not going to stop in the near future, abroad or at home.
(Mar 19, '08)
US aims high in Afghanistan
In remote northeastern Afghanistan close to the Pakistan border, US troops
fight an elusive enemy they can seldom get their hands on. They're convinced
al-Qaeda fighters are involved. But until the insurgents are rooted out from
the high ground they occupy, it will remain a battle of hit and miss. - Philip
Smucker (Mar 19, '08)
THE ROVING EYE
Shocked, awed
and left to rot
US Vice President Dick Cheney is spot on when he talks of "phenomenal changes"
in Iraq. Millions of Iraqis have lost their homes, their jobs, their families,
their dreams and in countless cases their own lives because of a pre-emptive
war. And anti-American Muqtada al-Sadr will ultimately be the lord of what
remains of Iraq. - Pepe Escobar (Mar 19, '08)
DISPATCHES FROM AMERICA
Already counting to six
When it comes to the American position in Iraq, short of an act of God, the
sixth anniversary of George W Bush's war of choice is going to dawn much like
the fifth one, no matter who's elected US president in November. - Tom
Engelhardt (Mar 19, '08)
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Malaysia rocked to the economic
core
In the wake of opposition party victories in Malaysia's industrialized states
of Penang, Perak and Selangor, new state governments are scrambling to make
good on campaign promises to end the decades-old New Economic Policy in favor
of their own economic agendas. It's no easy task as ethnic Malays will fight
hard to avoid being sidelined. - Anil Netto (Mar
19, '08)
SUN
WUKONG
Stumbling towards
Confucius-ville
As part a Beijing-sponsored "cultural renaissance", the 2,500-year-old
teachings of Confucius are back in vogue as a counterbalance to the meteoric
rise of modern China. But a plan to erect a US$4.2 billion "Chinese Cultural
Symbolic City" in the philosopher's hometown has hardly inspired the peace and
social harmony of which Confucius wrote. - Wu Zhong
(Mar 19, '08)
China and India: Oh to be different
Once again, with the unrest in Tibet, Beijing has been caught unprepared and
has revealed its inability to deal with dissent and difference, despite the
stated goal of creating a harmonious society. In direct contrast, India's
diverse polity has flourished against all the odds precisely because of its
ability to acknowledge difference. - Pallavi Aiyar
(Mar 18, '08)
Now the Tibet blame game begins
Chinese Prime Minister Wen Jiabao on Tuesday assured that "social order" has
all but been restored in Lhasa, the capital of Tibet, which
has been scarred by anti-Chinese demonstrations. Beijing is now left
to limit the damage from the high-profile disturbances, and is doing so by
squarely blaming the Dalai Lama, the exiled Tibetan leader, for not only
instigating the unrest, but also for trying to sabotage China's Olympic dream.
- John Ng (Mar 18, '08)
THE BEAR'S LAIR
Sorry,
I wasn't pessimistic enough
Early forecasts of declines in US house prices and of mortgage bad-debt losses
have fallen far short of the mark and a far grimmer picture is developing.
Losses to come are probably large enough to wipe out the banking system and
failure of any one major house could be sufficient to bring down the world
economy. - Martin Hutchinson (Mar 18, '08)
Khomeini's grandchild breaks her
silence
The outspoken views of Zahra Eshraghi, granddaughter of Ruhollah Khomeini,
the leader of the Islamic revolution in Iran, have put her at odds with
Tehran's conservative hardliners and have drawn a gag order from her own
prestigious family. But the recent mass disqualification of reformists in the
March 14 parliamentary elections and what she feels are "delusions" maintained
by the current regime have moved her to break her silence.
(Mar 18, '08)
Two-horse race for Pakistan's hot
seat
The battle within the Pakistan People's Party, the dominant group in the new
coalition government, is a race between Asif Ali Zardari, the widower of
Benazir Bhutto, and party stalwart Makhdoom Amin Fahim. Zardari carries a lot
of baggage, while Fahim would be the preferred candidate of President Pervez
Musharraf and Washington. The "street-smart" Zardari is up for the fight. - Syed
Saleem Shahzad (Mar 18, '08)
CAMPAIGN OUTSIDER
Checklists for the next big vote
There are weeks or months to go until the next vote that matters for US
presidential candidates, but it's no time to relax - each campaign needs a
to-do list to keep them on the winning path. (Mar
18, '08)
Muhammad Cohen puts
the US presidential campaign into sharper focus
from afar.
SPENGLER
The peculiar theology
of black liberation
US presidential nominee candidate Barack Obama belongs to a Christian church
whose doctrine casts Jesus Christ as a "black messiah" and blacks as "the
chosen people". At best, this is a radically different kind of Christianity
than most Americans acknowledge; at worst it is an ethnocentric heresy. (Mar
17, '08)
India awakes to a Tibetan headache
The Dalai Lama, the spiritual leader of the Tibetan government in exile based
in India, is reveling in all the attention from the hordes of Western media
people who have descended on his Himalayan township. For now, Beijing's
crackdown on protesters in the Tibetan capital, Lhasa, plays into his hands as
a fierce critic of China. But a delicate three-way diplomatic tango is
commencing, involving the United States and China, with India providing the
turf - which can only turn out messy for India, as well as for the Dalai Lama.
- M K Bhadrakumar (Mar 17, '08)
My Lai probe hid policy that led
to massacre
The My Lai massacre of as many as 400 Vietnamese civilians by US troops in 1968
has long been perceived as the rogue act of overzealous GIs and a clear
violation of official policy on the treatment of non-combatants. But a newly
obtained document suggests the responsibility for My Lai could be linked
directly to the top US commander in Vietnam, General William C Westmoreland. - Gareth
Porter (Mar 17, '08)
Russia throws a wrench in NATO's
works
President Vladimir Putin has made the North Atlantic Treaty Organization an
offer it will find extremely difficult to resist - making Russia a participant
in the alliance's Afghan mission. The pressure is now on the United States to
embrace the idea of Russia becoming a transit route for supplies going to
Afghanistan. The trouble is, Washington knows Moscow will incrementally want a
bigger role for itself and its allies in Afghanistan, and those allies include
China.- M K Bhadrakumar (Mar 14, '08)
THE SHAPE OF US POPULISM
Part 2:
Long-term effects of the Civil War
The present deepening and widening financial crisis is laying naked the
wealth-making mechanisms of society's elites while wreaking havoc with the
lives of low-paid workers. It is also making imminent a wave of populist reform
that may extend for several decades. In this are echoes of the New Deal era and
much earlier reactions to economic depressions. - Henry C K Liu
This is the second article in a four-part series

Part 1:
A rich free-market legacy - for some
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CHAN
AKYA
Why markets
love dictators
This week's developments once again highlight the reasons for markets to prefer
dictatorships over freewheeling democracies. Clarity in decision-making is
more important than preserving the rights of individuals, for the benefit of
society at large, as seen by the market reactions to recent political changes
in India, Taiwan, Japan, Malaysia and China.
MARKET RAP
What goes up must come down
The purchase of Bear Stearns by JP Morgan Chase marks another turn in the US
financial drama as it deepens even further into a solvency crisis. The Fed's
latest rates cut persuaded few investors that the end is in sight, with most
markets barely breaking their downward slide on the news.
R M Cutler runs his eye over the ups and downs in the week's markets.
Medvedev holds key to WTO
Dmitry Medvedev's ascension to power in Russia heralds a new opportunity for
resolution of differences that bar the way to the country joining the World
Trade Organization. Yet even if membership remains elusive, internal debate on
the issues involved has proved an innovative experience. - Kaveh L Afrasiabi
and Natalia Gold

One down, many to go
"Spam King" Robert Soloway's guilty plea in a Seattle court this week marked a
notable victory in the battle against junk mail, but Internet users have no
reason yet to lower their defenses against unwanted emails.
Martin J Young
surveys the week's developments in computing,
gaming and gizmos.
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A bunch of government
gobbledy-gook
Liquidity crisis? When extra money is entering the US economy at a pace not
seen since a few weeks before president Richard Nixon imposed wage and price
controls? We are awash with the stuff - unless you are one of the unemployed,
whose numbers are already half way up to Great Depression levels.
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CREDIT BUBBLE BULLETIN
The worst-case scenario - live
The Fed's failure to forestall a run on Bear Stearns indicates that the US
financial crisis has attained alarming momentum, with confidence in leveraged
securities finance possibly irreparably damaged. The worst-case scenario is
unfolding before our very eyes, and it all imparts a bad feeling.
(Mar 17, '08)
Doug Noland reviews the previous week's events each Monday.
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Regarding Why
Spitzer was Bushwhacked [Mar 20] by F William Engdahl: Spitzer's $4,300
prostitution fee for one hour sounds like chicken feed compared to the
political prostitution ring who sold us Bush for eight years and for how many
US billions?
Beryl K
Minnesota, USA |
Go
to Letters to the Editor |
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ATol Specials
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The
Gates
Inheritance
By
Roger Morris
(June '07) |
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Syed Saleem Shahzad reports on
the Afghan war from the Taliban side
(Dec '06)
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How
Hezbollah defeated Israel
By
Mark Perry and
Alastair Crooke
(Oct '06)
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Mark
Perry and
Alastair Crooke
talk to the 'terrorists'
(Mar '06)
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China:
The
Impossible
Revolution
By
Francesco Sisci
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The Coming
Trade War
By Henry C K Liu
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A series
by Henry C K Liu
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Sinoroving
Pepe Escobar in China
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Money, Power
and
Modern Art
A series by Henry C K Liu
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Andre Gunder Frank on Uncle Sam and his
shrinking dollar
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By Pepe Escobar with
photographs by Kevin Nortz
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Nir Rosen goes inside the Iraqi
resistance
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Nir Rosen rides with the US 3rd
Armored Cavalry in western Iraq
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