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Sunday, September 30, 2012
Japan and China ?heading for military clash?
S ource: DNA
A military conflict between China and Japan is looming, with neither willing to back down over a disputed chain of islands, one of China?s leading foreign policy experts has warned.
The spat over the Diaoyu or Senkaku islands has escalated dramatically in the past month with violent protests in China. But with a national election approaching in Japan, and a change of leadership in China, politicians on both sides have refused to step back from the brink, afraid of appearing weak.
?There is a danger of China and Japan having a military conflict,? said Yan Xuetong, one of China?s most influential foreign policy strategists, and a noted hawk. ?I do not see either side making concessions. Both sides want to solve the situation peacefully, but neither side can provide the right approach.?
He warned that unless one side backed down, there could be a repeat of the Falklands conflict in Asia.
?Generally speaking, according to the theory of international relations, unless one country makes concessions to the other, the escalation of a conflict between two countries will not stop until there is a military clash, like between the UK and Argentina,? he said.
He said that China was tolerant with smaller powers. ?But the case of Japan is different. There is history between us. Japan is a big power. It regards itself as a regional, and sometimes a world power. So China can very naturally regard Japan as an equal. And if we are equal, you cannot poke us. You cannot make a mistake,? he said.
Yan is the dean of international relations at Tsinghua university, the elite college that schooled both China?s president, Hu Jintao, and his likely successor, Xi Jinping. He is also one of China?s representatives to the Council of Security Cooperation in the Asia-Pacific, a non-governmental body that coordinates security in the region.
Chinese and Japanese diplomats have met this week for talks over the crisis, but no agreement has been reached.
Yesterday (Thursday), a spokesman for the Chinese foreign ministry attacked Yoshihiko Noda, the Japanese prime minister, for telling reporters at the United Nations that the islands belonged to Japan.
Noda said: ?There are no territorial issues as such. Therefore, there cannot be any compromise that represents a retreat from this position.?
A Chinese foreign ministry statement in reply said: ?China is strongly disappointed and sternly opposes the Japanese leader?s obstinacy regarding his wrong position on the Diaoyu Islands issue.?
In the balance is some pounds 216?billion of bilateral trade. Last year, exports to China accounted for three per cent of the Japanese economy.
Several Japanese businesses on the Chinese mainland have had to shut down because of the crisis. Nissan, which relies on the Chinese market for as much as 25 per cent of its revenues, has closed until October 7 after demand for its cars plummeted.
All Nippon Airways said 40,000 reservations had been cancelled on flights between China and Japan from this month to November.
Yan predicted that if there was a military confrontation, the United States would not intervene physically.
?I do not think they will send soldiers to fight against the People?s Liberation Army,? he said. ?They [the US] will be involved, but they can be involved in many different ways, providing intelligence, ammunition, political support, logistical help and so on.?
He expected whoever wins the US presidential election to continue to toughen policy on China. ?In terms of the economy, China and the US are partners. But in terms of security, they are rivals. American hegemony is based on military capability and the military gap with China. When China narrows that gap, it will scare the US,? he said.
He added that China increasingly needed to change the ideology that guides its foreign policy, namely to focus on the economy and not take a leading role in international relations.
?We have reached the point where China needs to seriously consider having a new policy consistent with its international status,? he said. ?I do not know when it will happen, but it will not be too long.?
Source: http://feedproxy.google.com/~r/StratRisks/~3/3dGnLIwzd2Q/8361
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gwendolyn arri: Daily Tips for Business: Solo Professionals - Typepad
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Source: http://sparksjohnathan83.typepad.com/blog/2012/09/gwendolyn-arri-daily-tips-for-business-solo-professionals.html
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Source: http://yukikojackson69.blogspot.com/2012/09/gwendolyn-arri-daily-tips-for-business.html
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Sharp says it's making enough iPhone 5 displays
5 hrs.
Sharp is making "adequate volumes" of displays it is known to supply for Apple's new iPhone5, a company executive said, indicating that a possible bottleneck in supplies of screens may have eased.
Analysts had blamed a shortfall in supplies of display for leaving Apple with too few iPhones to meet burgeoning demand at its launch this month.
At the end of Aug., three weeks before the new iPhone went on sale, Sharp, which was supposed to be mass producing at its Kameyama plant in central Japan, had fallen behind schedule, a source earlier told Reuters.
Sharp, the source said, was struggling to improve low production yields, raising the question of whether Apple would be prepared to sweeten financial incentives to secure an acceleration of production.
Apple also buys screens from Japan Display and Korea's LG Display.
Apple began offering the iPhone?5 on Sept. 21, selling over 5 million in the first three days, topping the iPhone 4S, which sold more than 4 million units in its first weekend. On the fourth day, Apple said it had run out of its initial supply and many pre-orders were scheduled to go out in Oct.
"The iPhone 5's 4-inch low-temperature polysilicon (LTPS) touch-panel display with in-panel switching (IPS) is exceptionally difficult to produce at high yields," Deutsche Securities analyst Yasuo Nakane said in a report on Sept. 14.
Nakane estimates iPhone screen capacity at Japan Display and LG Display at eight million a month each, and at six million at Sharp. Displays for Apple's first lot of new iPhones likely came from only LG and Japan Display, Nakane added.
Sharp and Japan Display do not publicly admit to the relationship even though Apple, in a list of component makers published last year, identified both Japanese companies as suppliers.
The Sharp executive made the comment at a press briefing in Osaka, western Japan, speaking on condition he wasn't identified.?
(Reporting by Tim Kelly and Yoshiyuki Osada; Editing by Muralikumar Anantharaman)
(c) CopyrightThomson Reuters 2012. Check for restrictions at:?http://about.reuters.com/fulllegal.asp?
Source: http://www.nbcnews.com/technology/technolog/sharp-says-its-making-enough-displays-iphone-5-6150502
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Saturday, September 29, 2012
Fx currency trading ? Euro flops in spite of Spain's audit - Forex trading
The study was commissioned to estimate how bad the damage years of reckless lending to building developers during the country?s boom years deepened Spain?s debt?
leaving the country awash with an unbearable debt, public protests and the prospect of a financial bailout that would certainly augment the country?s social problems.?
The report, carried out by consultancy Oliver Wyman, lists seven banks that will certainly need bailout money or must raise further capital themselves by the middle of next year.?
?The results of the Spanish financial solvency are an important step towards re-establishing trust in the Spanish financial system and should allow for the first round of recapitalization for November?, the European Commission informed on Friday.?
Despite the positive audit report, in early afternoon fx currency trading the euro fell against the dollar for a second straight week on Friday, going down 0.4 percent at $1.2859, not far from Thursday?s two-week low of $1.2828.?
?There is still a lot of questions regarding Spain, mainly related to whether or not it would seek a bailout?, said Brian Kim, currency strategist at RBS Securities in Stamford, Connecticut.?
On Thursday, Madrid announced its 2013 budget, mainly based on spending cuts, something analysts see as a pre-condition for the much expected bail-out.?
Neighbors France are also stirring fx currency trading with their own 2013 budget asking for an ?unprecedented effort? to find ?36.9bn in savings and taxing the superrich an astounding 75 percent.?
However, the Socialist government sidestepped cuts in public spending, including pensions and state salaries.?
As expected, the ?supertax? has attracted a lot of criticism, especially of course, from the ?superrich?. The climate of tension will surely have an effect in fx currency trading markets, as business leaders are claiming that the new measures will prevent France from attracting the cream of executives and drive the wealthy into tax exile.?
Something the opposition is trying to get some political credit out of, with Marine Le Pen, president of the far-right Front National describing the budget as ?an absurd hyper-austerity that will take France through the same way as Greece, Spain, Portugal and Ireland? , and Former agriculture minister Bruno Le Maire saying ?France is going to the wall?.?
Stateside, the Thomson Reuters/University of Michigan consumer perception index went down to 78.3 against the previous 79.2.
Source: http://www.tradeviewforex.com/forex-blog/fx-currency-trading-euro-flops-in-spite-of-spains-audit
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Media leaders, others react to death of Sulzberger
Reaction to the death of former New York Times publisher Arthur Ochs Sulzberger, who died Saturday:
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"Punch, the old Marine captain who never backed down from a fight, was an absolutely fierce defender of the freedom of the press. His inspired leadership in landmark cases such as New York Times v. Sullivan and the Pentagon Papers helped to expand access to critical information and to prevent government censorship and intimidation." ? Arthur Ochs Sulzberger Jr., Sulzberger's son and the current publisher of the Times.
___
"As an editor you knew that if you went to the publisher and sought his support on an issue that you deemed to be of high importance you could pretty much count on getting it. He knew how to back his people. ... As well as a publisher and a colleague he was a good friend. The last years have been extremely difficult with his health problems. He bore them with great courage. I admired him hugely." ? Former Times executive editor Joseph Lelyveld.
___
"It was Punch Sulzberger who made the decision to resist the government's effort. In making that decision he set in motion a litigation which not only preserved but protected the First Amendment for generations. It was Punch Sulzberger who decided that this was a case that had to be fought. That decision was one that will be honored among not only journalists but future generations of Americans." ? Floyd Abrams, the lawyer who represented the Times in the Pentagon Papers case.
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"He was a firm believer in the importance of a free and independent press ? one that isn't afraid to seek the truth, hold those in power accountable, and tell the stories that need to be told." ? President Barack Obama.
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"Thanks to Arthur Sulzberger's leadership and his ability to not only survive but thrive in the face of challenging industry dynamics, The New York Times has remained a cultural touchstone and a dynamic global enterprise for decades. Arthur was a great New Yorker and a luminary in one of our city's biggest industries, and his loss will be felt by many. My thoughts and prayers are with his friends and relatives as well as the larger New York Times family." ? New York City Mayor Michael Bloomberg.
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"It also became increasingly clear that the system of monarchy helped save the New York Times as a great newspaper. Punch made some bad calls as a businessman, along with some great ones, but by far the most important fact about him and his family was that they never wavered in their commitment to great journalism." ? Times columnist Nicholas D. Kristof.
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"If you weren't around then, you forget the unbelievable outrage that greeted those sections. But in retrospect it was the right decision both editorially and economically." ? Nicholas Lemann, dean of the Columbia University Graduate School of Journalism, on Sulzberger's move to expand the Times to sections such as Living and Weekend.
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"Punch Sulzberger was a giant in the industry, a leader who fought to preserve the vital role of a free press in society and championed journalism executed at the highest level." ? Associated Press President and CEO Gary Pruitt.
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"With enormous power and authority he was as humble a person as you could ever meet. ... People with enormous power often dominate a room. He did not. And yet the power and authority was there." ? Former New York City Mayor Ed Koch.
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"He was a very approachable person. He was a little shy. ... You saw him in the elevator and he talked to anybody and everybody." ? Gay Talese, former Times reporter and author of "The Kingdom and the Power: Behind the Scenes at The New York Times."
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"I found him always a gentleman and always ready to at least listen." ? Public relations maven Howard Rubenstein, who brought many clients to meet with Sulzberger and Times editors.
Source: http://news.yahoo.com/media-leaders-others-react-death-sulzberger-184509410.html
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GDP up in Q2
The economy continued to expand in Q2 with real GDP increasing at a tepid annualized rate of 1.3% from Q1 2012, according to the Bureau of Economic Analysis.
This chart shows real gross domestic product since 1999. The latest quarterly results indicate that the most notable source of weakness in the economy came from durable goods spending, according to SoldAtTheTop.
SoldAtTheTop
EnlargeToday, the?Bureau of Economic Analysis?(BEA) released their third?"estimate" of the Q2 2012 GDP reportshowing that the economy continued to expand with real GDP increasing at a tepid annualized rate of 1.3% from Q1 2012.?
Skip to next paragraph SoldAtTheTopWriter, The PaperEconomy Blog
'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.
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On a year-over-year basis real GDP increased 2.14% while the quarter-to-quarter non-annualized percent change was 0.31%.
?
The latest quarterly results indicate that the most notable source of weakness in the economy came from durable goods spending which declined at a rate of 0.2% from Q1 2012 while government spending declined across the board.?
Other categories such as residential structures also saw notable slowing from the prior quarter registering a still respectable rate of 8.5% while non-residential fixed structures expand by just 0.6%.??
Keep in mind that these results are likely very poorly estimated and are sure to be revised notably in following quarters and even years to come.
The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here.To add or view a comment on a guest blog, please go to the blogger's own site by clicking on paper-money.blogspot.com.
Source: http://rss.csmonitor.com/~r/feeds/csm/~3/xNOAvy6RnCg/GDP-up-in-Q2
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