apertura Tokyo?

The last  weekend was SO full of events. Samples:

– Sat’day, at the annual Forex meeting, min. Tremonti strategically innovated language; now, besides toxic there are radioactive financial products as well; they are riskier, but easier to detect if you want to (we decode so, the language creativity of the Minister so friendly with banks);

– Sunday in Berlin, the European summit confirmed that, as G20 started being useless at its 1st meeting last Nov. (see our post at the time), it will carry on even worst than that. First of all, they took an infinite list of engagements by March, we wonder what they are up to (perhaps they just delegated everything to the already established international committee coordinated by Mr Draghi – that’s the 1st reason why G20 is useless).

2nd: they don’t answer the FAQs. As prof. Masciandaro put it at “Focus Economia” (radio24) on Monday the 23rd:

FAQ 1. What is bank and what is not (the spread of shadow finance under a savage deregulation regime, allowing reguated banks to hide their risky biznezz in the shadow).

FAQ 2. Wh’happens when a bank becomes a State or para-State institution? The issue of credit becoming a field invaded by  political imperfect competition, with its fights and retaliations.

FAQ 3. Wh’happens to the entire, multi-authority commercial credit-finance-insurance control system, as the controller (State) becomes also the controlled instance (State Bank)? The required controlling agencies-system change, in order to guarantee, and re-establish independence of control.


Overnight markets: Weak start
Posted by Gwen Robinson on Feb 23 04:10.
Asian stocks were mixed on Monday, although technology and finance companies rose largely on speculation that the US government will raise its stake in Citigroup to ease the global financial crisis.  Futures on the US S&P500 Index rallied 1.2% following the Citi news, after the index dropped 1.1% on Friday.
Asian markets (Mon)
04:10am GMT
Nikkei  down 51.49 (-0.69%) to 7,364.89
Topix down 8.41 (-1.14%) 731.12
Hang Seng down 230.27 (1.81%) at 12,929.44



Asian Stocks, U.S. Futures Advance on Citigroup Speculation

By Shani Raja and Chan Tien Hin

Feb. 23 (Bloomberg) — Asian stocks and U.S. futures rose on optimism that the U.S. government will raise its stake in Citigroup Inc., reducing the risk of bank failures. Treasuries and the dollar fell.


Tokyo Falls on SFCG Bankruptcy; U.S. Futures Gain on Citigroup

SINGAPORE — Asian share markets were mixed Monday with the Nikkei lower as financial services company SFCG filed for bankruptcy protection, and some other indexes higher on hopes the U.S. government would secure the future of Citigroup.

U.S. stock futures rose 1% and Treasurys fell after people familiar said that Citigroup was in talks that could result in the U.S. government substantially expanding its ownership of the bank.


Mi veniva in mente una canzone, noi in coro in fondo al pullman, davanti don Rino (futuro Abate sulla cattedra di San Zeno, Verona), al ritorno delle gite di  Gioventù Studentesca.

L’ho appena ricalibrata – in primis da  monsignori a lorsignori. E’ la secolarizzazione …

E colapele – de’ lorsignori, – farem scarpelowcost ai – lavoratori …

sulle note di avanti o popolo.

Va nella linea, ormai certa (nel dibattito strisciante) di Politica Industriale in Occidente, di sbaraccare le varie Cattedrali Detroit /anzi, a momenti di liberarci delle loro macerie) e mettersi a fare anche qui del low cost manifatturiero, anche un po’ manuale, ma dev’essere sui generis. Appunto!

Ma  è una cruna di ago.

Bisogna costruire – con NUOVI supporti istituzionali di governance inter-regionale nel mondo, e qui casca l’asino –  un disegno sofisticato, demanding di DdL: lo accenna alla fine anche  un  rapporto Istituto Levy (gli eredi di Minsky, in senso proprio) di inizio anno:


Published in: on February 23, 2009 at 6:55 am  Leave a Comment  
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photo of the crying year



Liang Kexin, 7, who lost her left leg during the earthquake, plays with toy bricks in a ward at the Xiehe Hospital. More than ten thousand injured people were moved to eighteen provinces by train and air, according to the Ministry of Health.

Photo: © by Qiu Yan, photographer. Photo Director of the Changjiang Daily.

Born in Hubei Province in China and still living there, World Press Photo winner Qiu Yan is 46 and used a Canon 1D Mark II for his images.  “Most of the photographs were taken there about a week after the earthquake had happened,” on the 12th of May  in  China’s Sichuan Province.

The December issue of “Enter”, a publication of the World Press Photo Educ. Dept,  has chosen this set of photo for one in a group of 4 galleries, where also one notes, for their bio-social meaning, the coloured takes in Capetown refugee camps,  by  Eren Aytug who went there from Turkey. Enter’s cover has another earthquake photo.

Burma and Sichuan, China

From BBC week in picture.  Photo AP. A statue of Buddha sits in water at a temple heavily damaged in Rangoon’s periphery.More than a week after Cyclone Nargis hit Burma, aid is still very slow to reach parts of the country worst affected by the disaster. Photo AFP. A terrible earthquake has affected the Sichuan Province, China. The army has been deployed, and specialized rescue teams arrived in solidarity from Taiwan (which the PRC considers part of its territory), Japan, Russia, Singapore and South Korea.  

Published in: on May 17, 2008 at 2:43 am  Leave a Comment  
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Shangise No Paradise? Boy, let’s move to Hanoi!

WE REPORT FROM chinachallenges.blogs.com, May the 5th: 

China’s New Labor Law Creates Growing Concern

At CSR China, Kevin Jones and Stan Abrams write:

We all saw this coming. Since last year, there have been countless articles and commentaries about China’s new employment law, so by now employers should have already implemented new labor regimes without further incident and employees should be quite satisfied. Right?

Not quite. Implementation has been slow, litigation has picked up markedly this year, and China’s new Employment Contract Law continues to pose huge problems for employers. The new law has the potential to become a compliance nightmare, with labor costs widely anticipated to increase by 20% for manufacturers, squeezing profit margins further at a time when costs for other economic inputs are rising and preferential tax treatment is being rolled back. According to a study recently released by the American Chamber of Commerce in Shanghai and Booz Allen Hamilton, 20% is also the percentage of foreign invested companies that are planning to move at least some of their operations elsewhere.

To read more:



That Chamber of Commerce is always the same, unrepented  PRO-SLAVERY Chamber of Corruption:

– lobbying with CIA for the sake of US based multinationals shortrun profit interests,

– oiling the GIRA  and New Slavery mechanisms,

– monitoring it by corrupting politicians,

– stopping for years and watering down ANY DECENT CHINESE LABOUR LAW, 

– working for an as far as possible prolonged Unbalanced Golden Age (Asian baby slaves, adult quasi-slaves filling Wal Mart shops with cheap products, for impoverished US middle class)

–  boycotting any attempt to a humanisation of the rough Chinese Capitalism.

Forget the Olympic Torch, make a demo AGAINST THE US CHAMBERS OF CORRUPTION (an ingredient of COMMERCE) IN SHANGAI AND ALL OVER CHINA!!! Fucking Imperialists, they still reason as BEFORE THE  1850s U.S. CIVIL WAR. Now they prefer slaves overseas, not at home in the Deep South

AsiaTimes: let’s help Burma by invasion

UPDATE: May 11 8 am. This appeal came from the Hong Kong based news portal Asia Times, the best info source on Asia. But even the much more popular US weekly Times, perhaps independently got the same idea the same day! The US naval forces are already on site, Ms Laura Bush the First Lady already invited Burmese people to insurrection on Orange side a few months ago (see picture): LET’S GO !!!       

Any minute is precious, will save lives now and improve them tomorrow. Acting on UN basic rights aims, the US might reap a secondary effect of great momentum 4 the next decades: a US stronghold on China borders – a “Cuba 2, the revenge” (PRC always very embarassed with  the Burmese golpistas, but did nothing to help people).

The case for invading Myanmar
By Shawn W Crispin    

BANGKOK – With United States warships and air force planes at the ready, and over 1 million of Myanmar’s citizens left bedraggled, homeless and susceptible to water-borne diseases by Cyclone Nagris, the natural disaster presents an opportunity in crisis for the US. 

A unilateral – and potentially United Nations-approved – US military intervention in the name of humanitarianism could easily turn the tide against the impoverished country’s unpopular military leaders, and simultaneously rehabilitate the legacy of lame-duck US President George W Bush’s controversial pre-emptive military policies. 





Published in: on May 11, 2008 at 2:24 am  Leave a Comment  
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SocGen: an equity meltdown is coming

ITALY REMEMBERS TODAY, WITH PRESIDENTE ALDO MORO, ALL THE TERRORISM VICTIMS. including Italian State Terrorism italian victims (Piazza Fontana 1968, etc.).


30 years ago, on May the 9th,  1978, Washington and Moscow (as we always guessed, but now we know for sure from a vast literature)  joined together (through a Yalta-based compensation room located in Paris: Vanni Molinari’s Hyperion liaison office), commanding the Red Brigades to kill Aldo Moro. The DC leader that, with excess foresight, was about to bring Berlinguer’s PCI into a bipartisan government in Rome (but the Cold War was still on: feeding geopolitical wars, spy “faux frais” and protected markets for Military Industrial Complexes). Moro joined his fellow Enrico Mattei, the ENI CEO killed by the Mafia on behalf of the 7 Sisters: he was even more foresighted than Aldo Moro, therefore they were obliged to kill him much earlier.


ASSASSINI! US imperialists still consider Italy their Mediterranean “big ship”, and Craxi was the only one with the attributes: a 100% NATO supporter, but not a Washington puppet. The fucking imperialists used and abused the DC, but didn’t like much its leaders, if they killed the two most outstanding ones (apart de Gasperi). With such a sense of impunity, as not even hiding the smoking gun. 

Edwards: “We are on the cusp of an equity meltdown that will slash and shred portfolios like Freddie Krueger”

Someone was doing the last attempts to deny the ongoing global recession: e.g., by arguing:   “there is no such credit crunch nor Bernanke’s accelerator –  in Europe nonfinancial firms are  increasing their debts and paying the spread, since the stock market is as  thin as a fashion model”.

Crunchy credit (FT 2 days ago): “the new consensus is that the monetary easing already administered by the Federal Reserve could combine with the “stimulus” tax rebates that Americans are about to receive to create a V-shaped recovery.” Well, listen to today’s global strategy weekly  by  Albert Edwards to SocGen clients: 

–  We are trying to give our readers the strongest possible warning (ever!) that we are on the cusp of an equity meltdown that will slash and shred portfolios like Freddie Krueger.

– We see a global recession unfolding. Nowhere and nothing will be immune.

– One of the clearest impressions that I will take away from working in this industry is how darned bullish everyone wants to be. To be sure, nobody likes to be a party-pooper but the bias towards optimism in this industry is truly staggering…

reported by Paul Murphy on alphaville 

Prof. Roubini confirms his view that there is a bifurcation behind: between either a V or U (or W) recession in the US; but he adds today that its outcomes will reverberate in Asia, Chindia (therefore – by feedback – a U shape might last even longer, and become more L-shaped).

Effects of the US recession on Asian growth

 Nouriel Roubini | May 8, 2008

Will this region decouple from the US economic contraction?

The answer depends on the severity of this recession. If the US recession is short and shallow (a V-shaped recession lasting six months) then there is enough of a domestic growth dynamics in the rest of the world and in Asia that the global economic slowdown would be very modest. But if the recession is more severe (a U-shaped recession lasting 12 to 18 months) then that US contraction, together with the sharp slowdown in the other G8 economies (…) will negatively affect growth in China and Asia.

While oil prices take the first pages going beyond $126 (but, Paolo Leon is right commenting on radio Rai3, that this does not yet bring back nuclear energy to cost effectiveness), a $ bottom is called by the FT: Europe and US unite on stronger dollar.

PARIS STYLE. A virtual guillotine at Moody’s. Their CEO and President will leave in July. WSJ:

Moody’s Investors President Steps Down

Clarkson’s Exit Marks Highest-Profile Casualty to Date

Over Role of Credit-Rating Firms in Subprime Rout


End of a long, long Labour wave to Tipperary


8 May update – THAT NIGHT (May the 1st) IN MY TOWN, Verona, A NEO-NAZI BAND HAS KILLED NICOLA, 29 years. RAI 1 has reproduced the video, taken by a camera in the street (Biblioteca Civica), showing the gratuitous aggression. Nicola died later on in the hospital.

Rai 2 has posted a short analysis about the killers: this band was well known, but was not stopped before. Perhaps security-maniac Leghisti, like Flavio Tosi (Verona’s Mayor) have a bias about security risks?

3 may update. KEN LOSES LONDON BY JUST 140,000 VOTES (circa 5%). LONDON MAYORAL RESULTS: Johnson CON  1,168,738 Livingstone LAB 1,028,96.

A) Today’s ABCD. Apparently the BBC got  it right, or almost right on early morning, announcing the Labour Party was ranking third, just behind the LibDem. Even if Ken the Red (not so populist, since he introduced road pricing)  had to win his tete-a-tete in London, he represents the Oldie Classic Labour (with TUs as stakeholders at yearly Brighton rendez-vous), not the Blairian one in Government. Blair himself, a deep throat said last week, knew Gordon Brown was going to lose VS Cameron. But the catastrophe became a bandwagon, for: sharp credibility fall of the Labs and Brown’s stupidity; the UK economy and City finance the hardest hit by the recession, with Wall Street and the US. The young Cameron,  whatever he says,  receives the free wind of an anti-Labour impolitical bandwagon (see our April 25 blog post on the Impolitico\Populism demand-supply duality).

The Blair’s witch prophecy was the reason WHY THE NORTHERN ROCK BAIL OUT WAS DELAYED FOR 5 LONG MONTHS !!! Shame on these people, let us send them home forever. Zapatero last of the Mohicans:

socialdemocracies  disappeared yesterday, May the 1st, from the Euromap.

As pursuers of True Socialist parties, we are happy and at work on this “ground 1” space.

Adieu revolution, le PSF s’en va.


Two decades since the collapse of Soviet Stalinism, the French Socialist party has finally decided that it no longer wants a revolution.  The main opposition party has put aside its feuding to agree on a new charter that for the first time commits it to inflicting capitalism even to the next generations.

B) BEWARE! Left of SocDem much worst, sometimes not even decent: e.g., the vetero-Nazi Social Centers’ youngsters in Italy.

C_1) Casalesi: the Italian camorra clan  was confirmed in government of the Caserta province, early this morning: not by election.

C_2) China’s Communism: a factory of baby-slaves (9 to 16 years old) discovered in the Guandong Earth Paradise. No surprise.

D) DEATH of an important, independent voice in China:  Bo Yang.


a) BBC: Labour’s clock 40 years back –  The last time Labour did this badly in a local election, the Beatles were in the charts and Flower Power was all the rage.


b) http://it.notizie.yahoo.com/ansa/20080501/tpl-bertinotti-contestato-a-torino-962521b.html

Torino, Fiera del Libro. Ultra-leftist vetero-nazi against the invitation of Jewish pacifist writers at the important cultural event: burning US and Israeli flags. Democracy must defend itself by such Nazi aggressions.

c1) http://it.notizie.yahoo.com/rtrs/20080502/tts-casalesi-ucciso-bidognetti-ca02f96.html

NAPOLI (Reuters) – Il padre di Domenico Bidognetti, esponente di spicco del clan dei Casalesi che sta collaborando con la giustizia, è stato ucciso stamattina a Castel Volturno, nel Casertano, riferiscono gli inquirenti.

The Casalesi construction-and-finance conglomerate has killed today the father of Domenico Bidognetti, a dissenting manager. The company’s immense power was publicly revealed last year by Roberto Saviano’s best-seller, Gomorra. The Casalesi HQs have emitted a Fatwa against him: Roberto is now forced to a secret life, and became an involuntary hero in an almost entirely corrupted nation. He belongs to Borsellino’s, Generale della Chiesa’s and Falcone’s Italy. LA NOSTRA PATRIA, per la quale potremmo dare la vita.

c2) il Manifesto, May 1st, p.10: A journalist discovered 167 baby-slaves in Dongguan, Guandong. You could buy them cheap and they worked hard, unsustainably  for €30c per hour, under a death threat. Police got them free yesterday.

Cina, un reporter scopre la fabbrica dei baby-schiavi

Inviato si finge padroncino nel Guandong, il paradiso dei prodotti taroccati, e gli vengono offerti i bambini: pochi spiccioli per averli, 30 centesimi di euro l’ora per farli lavorare
I maschi erano 107, le femmine 60. Comprati, alcuni rapiti, e costretti a lavorare in fabbriche a ritmi forsennati e paghe disumane. Minacciati di morte, nel caso avessero provato a fuggire. Un commercio di bambini-schiavi in piena regola. Ieri la polizia del Guandong ha liberato 167 minorenni, utilizzati come lavoratori nelle fabbriche di Dongguan. Comprati per pochi spiccioli. Pagati 3 yuan all’ora, circa 30 centesimi di euro. Età media dai 9 ai 16 anni.

d) La Cina è più brutta senza di lui – francesco sisci (La Stampa). AN UGLIER CHINA WITHOUT HIM. Death of Bo Yang, 88, the politically uncorrect Author of “The Ugly Chinese“, a fatalist essay on the cultural crisis and loss, facing modernity and the West.

Senza di lui la Cina è più brutta. La scomparsa a 88 anni dello scrittore Bo Yang, autore di satire, poesie, traduzioni, saggi leggeri, velenosi, lascia tutta la Cina priva di una grande voce che aveva trovato il modo, lungo i decenni di raccontare il politicamente scorretto della cultura cinese.

Bo era infatti riuscito nel difficile compito di essere scomodo a entrambe le parti, ai comunisti e ai loro avversari nazionalisti.



Tibet: Breaking News – GOOOD NEWS!

Heard now on the radio, a big success for: Olympics; peace; contractual, limited and peaceful self-determination. Also a tactical good point of the moderate Tibetans (even though got by using a violent revolt wild card), besides an intelligent move by Hu Jintao. HE IS READY TO DEAL WITH THE DALAI LAMA. The sincere part of Tibet solidarity fronts also won (not the monopolists media information bubble: now obliged to invent another story: any new bare first lady Carla Bruni? Pamela, no thanks: an old chicken).

BAD NEWS: Interpol informs Al Qaeda might attack the Olympics. In fact, 3 are the main pro-WW3 forces, and one is rooted in Middle East turmoils. This is the sad world without peace, we live in.

MORE: AN IN-DEPTH ANALYSIS UPDATED TODAY; THE HISTORICAL BACKGROUND, a bibliography  in our workinprogress TIBET page (an Arcapedia item in Italian, but with always enlarged English sections):


Prof. Montessoro has just given an important, timely and useful comment on Italian Radio3, local 1.45 pm news, www.gr3.rai.it. In synthesis:

(a) this is both a Chinese Government tactical shift, and a strategic one at the same time (you know, communism, power’s art and strategies require some Machiavelli-Hegel dialectics), that is:

(b) on the one hand. Hu Jintao opens to the Dalai Lama because of the international pressure: he doesn’t want to lose his face from here to the Olympics, nor ruin and waste  the big party, ads, propaganda, etc.

(c) on the other hand, there is substance as well. The Chinese govt. (as we had already concluded, beforehand, in the analysis of our Arcapedia page “Tibet”, accessible here from the right column) is perfectly aware that he has to change some detalils (NOT TOO MUCH) of the status of Tibet within PRC.

(d) dealing with the Dalai Lama has immense, unique and valuable advantages for Peking: every peace-lover suggested that since long! But there was a balance of power game behind. Time, maturation and more pressure was needed: finally the Olympics dynamics accelerated events and got it (Olympics propaganda aura –  Tibetan popular revolts in March – worldwide solidarity, although infiltrated by anti-China Hawks – boomerang into Olympic games –  today’s Beijing decision to start colloquia).

(e) Beijing knows it has to better CALIBRATE his Tibetan policy, just that and up to a given, prefixed  limit: more provincial autonomy; a larger personal role of the Dalai Lama. Nothing, no concession to  the Nationalist components of the Tibetan society.

(f) Beijing and the Dalai Lama have both a close, and increasing interest to close their 1959 gap: the 2008 Tibet base movement has marked a further step towards pure nationalism and separatism, that has taken more and more space in the last 20 years (according to prof. Montessoro).

(g) DALAI LAMA value added to enter a contractual game: the traditional Tibetan élite is close behind him, no problem. But things  have changed across decades: who’s the emerging local élite, how much do they, and how many do listen to him? For how long? DAKAI LAMA IS BUYING PRECIOUS TIME, by accepting to deal with Hu Jintao (also buying time, while this authoritative Dalai Lama is alive: LONGLIFE!). Nationalism and independentism is necessarily arising, it happened everywhere in close cases in the world, even after the most advanced and even excessive concessions (feeding the separationist process). There are hundreds nationalities unfitting Nation States geography all over the word, it’s a big mess: there is something wrong in the whole of it, the bloody Nationalism. One thing is the terroir, the roots: another an ideology of hate and separation, in a continuum of geography and humanity. Therefore: no blessing, no solidarity to Tibetan Nationalists. They’re intrinsically as  fascists as anyone else, from the Basque  country to everywhere.

(h) Take – as a benchmark –  Austrian speaking people in the  Bolzano\ Bozen province, Italy: they have every possible and imaginable privilege; they are amongst the richest in Europe, with one of the lowest unemployment rate in the world (1%; 2% in recession times !!!); and they’d much, very much poorer, did the province move to Austria’s domain (NEVER !). Decency and self-esteem limits of a nation state (Italy) have been humiliated and trespassed by far, in the postwar  settling De Gasperi-Gruber Italy-Austria agreements (deeply unfavourable and unjust for Italy: a major failure of the excellent De Gasperi). Well, many of them (I think the most irrational, stubborn and stupid ones – in any case the nationalist wing), still want to join Austria, and live in Italy at the same time. And we, the too much Christian, peaceful Italians, we don’t send them behind the Alps, into Austria A CALCI IN CULO (boots in the bum), AS THEY DESERVE!!!  I am not sure it’ll not end up this way, sooner or later: in nearby provinces (like the Dolomites) there is a sweeping revolt, for the unfair tourism competition coming from over-subsidised Bozen Italians, paid by all over Italy taxpayers, and still thinking – the Nazis –  they’re Austrians (90 years after 1918 war end. YA BASTA). You go to a hotel there, you pay just €20 or max 30  a night, in the high season, but  they receive the double as a subsidy (they cash a normal €60 to 100): how can one compete with them in unsubsidised Cortina d’Ampezzo, one valley far away?

(i) Lots of sympathy and understanding for Hu Jintao, in THIS RESPECT! The opposition and resistance to bare Nationalism.  First, the Chinese Empire de facto did not explode as the contemporary Roman one did, so it’s still alive. Second, on this tradition he’s not the devil. Just a tyran among many: including those fabricated by Western “democratic-at-home” monopolies,  secret services, their allied-satellite forces and mafias. At least, he’s autoctone, genuine, home made and, BASICALLY: stemming from CP stronger resistance to Jap Imperialists (the Nanking rape murderers), compared to the Kuomintang. And history never goes backward.

(j) Unless you stop it, with concessions and a fair compromise, Tibetan Nationalism would quickly escape any real control even by the Exile Govt., therefore  leading to a tit-for-tat of mass revolts and repressions, eventually: an unequal civil war and likely democide, in such a case (NB: according to our analysis and independent sources, a democide already happened; but a new one would be the end of it, last Tibetans escaping from Tibet: Who wants this? Perhaps some cynical Western Imperialist? Even a few suicidal Tibet martyr nationalists?).

FAQ. IN SUM, who wins, who loses this game round, with an announced Tibet Table?

See the answer, at the end of the initial English section of  Arcapedia’s TIBET,

THIS, AND MUCH MORE IN OUR TIBET PAGE: here on the right, static pages column.