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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)

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)

 IRAQ FIVE YEARS ON

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)

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

 <IT WORLD>

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.

 THE MOGAMBO GURU

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.

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.




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




1. Why Spitzer was Bushwhacked

2. Bernanke running out of bliss room

3. The peculiar theology of black liberation

4. Shocked, awed and left to rot

5. An inflation reality check

6. US aims high in Afghanistan

7. Obama's women reveal his secret

8. Sorry, I wasn't pessimistic enough

9. Malaysia rocked to the economic core

10. Already counting to six

11. Stepping up the spending surveillance

12. China and India: Oh to be different

(24 hours to 11:59 pm ET, Mar 19, 2008)




ATol Specials


The Gates
Inheritance
By
Roger Morris
 
(June '07)



Syed Saleem Shahzad reports on the Afghan war from the Taliban side
(Dec '06)

How Hezbollah defeated Israel
By
Mark Perry and
Alastair Crooke
(Oct '06)

Mark Perry and
Alastair Crooke
talk to the 'terrorists'
(Mar '06)

China: The
Impossible
Revolution

By
Francesco Sisci 

The Coming
Trade War


By Henry C K Liu

A series
by Henry C K Liu
 

Sinoroving

Pepe Escobar in China

Money, Power
and
Modern Art


A series by Henry C K Liu

Andre Gunder Frank on Uncle Sam and his shrinking dollar


By Pepe Escobar with photographs by Kevin Nortz

   Nir Rosen goes inside the Iraqi resistance

Nir Rosen rides with the US 3rd Armored Cavalry in western Iraq

Vietnam Travel & Hotels in Vietnam. Book now!

On an Australian island: Real estate for sale -- Accommodation.

Air Purifier

 
 


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