Search Results for: china

iSlave: Foxconn says underage workers used in China plant

Apple iPhone iSlave Foxconn

Foxconn Technology Group, the world’s largest contract electronics maker, has acknowledged hiring teenagers as young as 14 in a Chinese factory, in breach of national law, in a case that raises further questions over its student intern program. Labor rights activists in China have accused Foxconn and other big employers …

Read More »

Chinese survival pods to defend against ‘apocalypse’

As believers across the globe prepare for the forecast Mayan apocalypse, a Chinese villager says he’s going to save humanity with his giant tsunami proof survival pods. The pods are made using a fiberglass casing over a steel frame, cost $48,000 each to make and are equipped with oxygen tanks, …

Read More »

Chinese workers get only $8 from each Apple iPad 2

apple factory workers

I’m sure we’re supposed to be outraged about this, that the Chinese workers who assemble Apple‘s iPad 2 in China only get, collectively, $8 from each unit produced. That’s certainly the way my sometime employers (that declaration of interest there, I freelance for them sometimes) The Register are playing it: As Apple …

Read More »

IMF set to include Chinese yuan into SDR currency basket

IMF meeting IMFC International Monetary Fund

From Filip Karinja, for Birch Gold Group The International Monetary Fund (IMF) is set to meet in just over a week – on November 30 – to discuss what will almost certainly see the Chinese yuan added to the Special Drawing Rights (SDR) currency basket. IMF Chief Christine Lagarde has already …

Read More »

20 places that don’t look real (20 pictures)

Mount Roraima South America

This is the beautiful world we inhabit… 1. Bamboo Forest (China) 2. Black Forest (Germany) 3. Fields of Tea (China) 4. Hang Son Doong (Vietnam) 5. Hitachi Seaside Park (Japan) 6. Lake Hillier (Australia) 7. Lake Retba (Sengal) 8. Antelope Canyon (USA) 9. Lavender Fields (France) 10. Mendenhall Ice Caves …

Read More »

Venezuela ditches the US dollar and prices its oil in Chinese yuan

Venezuela US dollar oil price Chinese yuan

President of Venezuela, Nicolas Maduro, has made good on his promise to forsake the US dollar and publish their oil prices in yuan, which is the currency of China. This highly controversial move is likened to Venezuela giving the US “the middle finger”. Former Venezuelan leader, Hugo Chavez has threatened …

Read More »

Australian economy has burst, worst yet to come

Flag australian

Curve Watchers Anonymous has its eye on the Australian dollar. As expected, it has taken a big dive in conjunction with a housing bust and a slowdown in China that impacts the demand for commodities. The only thing surprising to me about this plunge is how long it took, but …

Read More »

North Korea claims to have fired its first ICBM

North Korea ICBM

North Korea conducted another ballistic missile test Tuesday morning, South Korea’s Joint Chiefs of Staff has said. The projectile, described by the South as an “unidentified ballistic missile,” was launched towards the Sea of Japan. “North Korea fired an unidentified ballistic missile into the East Sea from the vicinity of …

Read More »

Farmers awarded $218m in Syngenta GMO corn lawsuit

Syngenta GMO corn lawsuit farmers

A Kansas federal jury awarded nearly $218 million on Friday to farmers who sued Swiss agribusiness giant Syngenta over its introduction of a genetically engineered corn seed variety. Syngenta vowed to appeal the verdict favoring four Kansas farmers representing roughly 7,300 growers from that state in what served as the …

Read More »

A world on the verge of war?

US navy

Here is a summary of where the world stands: – Unable to reach a compromise over the weekend, South Africa is now in an all out labor strike, with the police again firing rubber bullets at miners with lethal escalation guaranteed – Back from vacation, the once again penniless citizens of Spain, Greece, and Portugal …

Read More »

A history of the world: BRIC by BRIC

Goldman Sachs — via economist Jim O’Neill — invented the concept of a rising new bloc on the planet: BRICS (Brazil, Russia, India, China, South Africa). Some cynics couldn’t help calling it the “Bloody Ridiculous Investment Concept.” Not really. Goldman now expects the BRICS countries to account for almost 40% of global gross domestic product …

Read More »

Gold backed ruble and yuan to trigger global de-dollarization

Gold in hand

A gold-backed ruble and gold-backed yuan could start a ‘snowball exit’ from dollar F. William Engdahl notes, adding that it will diminish America’s ability to use the reserve dollar role to finance Washington’s perpetual overseas wars. The irony of the situation is that the central banks of China, Russia, Brazil and other …

Read More »

Central banks secretly invest $29 trillion to keep global markets from crashing

rising chart

Another conspiracy “theory” becomes conspiracy “fact” as The FT reports “a cluster of central banking investors has become major players on world equity markets.” The report, to be published this week by the Official Monetary and Financial Institutions Forum (OMFIF), confirms $29.1tn in market investments, held by 400 public sector institutions in 162 countries, which …

Read More »

‘US doesn’t need UN to oust Assad’ – Clinton

Hillary Clinton Syria

Hillary Clinton threatens the US and “like-minded states” might pursue regime change in Syria in circumvention of the UN if the new resolution on Syria is “toothless”. Russia’s Foreign Minister believes the conflict is still solvable diplomatically. Having conducted talks with Russian President Vladimir Putin and Foreign Minister Sergey Lavrov, …

Read More »

Vladimir Putin: Russia and the changing world

“We are ready for mutually beneficial cooperation and open dialogue with all our foreign partners. We aim to understand and take into account the interests of our partners, and we ask that our own interests be respected. ” – Vladimir Putin In my previous articles I have discussed some of the …

Read More »