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Archive for the ‘Global’ Category

China Arrests Former Security Czar in Major Political Purge

Posted by Ram Kumar Shrestha on December 7, 2014

Zhou Yongkang faces serious corruption charges

Zhou’s suspected rapsheet is extensive, according to Xinhua, the Chinese state newswire:

“The [party’s] investigation found that Zhou seriously violated the Party’s political, organizational and confidentiality discipline. He took advantage of his posts to seek profits for others and accepted huge bribes personally and through his family, the statement said. He abused his power to help relatives, mistresses and friends make huge profits from operating businesses, resulting in serious losses of state-owned assets. Zhou leaked the Party’s and country’s secrets. He seriously violated self-disciplinary regulations and accepted a large amount of money and properties personally and through his family. Zhou committed adultery with a number of women and traded his power for sex and money.”

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China becomes world’s largest economy – putting USA in second place for the first time in 142 years

Posted by Ram Kumar Shrestha on December 7, 2014

By HUGO DUNCAN and DAVID MARTOSKO,

  • Figures show the Chinese economy is worth $17.6 trillion, compared to America’s $17.4 trillion
  • The IMF estimates China’s economy will be worth a whopping $27 trillion in 2019
  • The US has been the global economic performance leader since it overtook Britain in 1872 
  • White House seemed oblivious on Wednesday, crowing that ‘the economic policies that this president put in place are the envy of the world’

China has toppled America to become the biggest economy in the world, according to figures from the International Monetary Fund.

The White House seemed caught flat-footed by the news, crowing on Wednesday about America’s relative economic strength in comparison with the rest of the world.

The US has been the global leader since it overtook Britain in 1872, but has now lost its status as top dog.

The latest IMF figures show the Chinese economy is worth $17.61 trillion compared with $17.4 trillion for the U.S.

Economic battle:The International Monetary Fund has indicated that China, and not the US, is now the biggest economy in the world 

Economic battle:The International Monetary Fund has indicated that China, and not the US, is now the biggest economy in the world

Out of the loop? US President Barack Obama touted America's manufacturing economy during an Oct. 3 speech at an Indiana steel company, claiming that jobs and work orders were no longer 'moving to China or other countries'

Out of the loop? US President Barack Obama touted America’s manufacturing economy during an Oct. 3 speech at an Indiana steel company, claiming that jobs and work orders were no longer ‘moving to China or other countries’

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Immortal Love: AMA2014 | Selena Gomez Sensational Performance – The Heart Wants What It Wants (Videos)

Posted by Ram Kumar Shrestha on November 25, 2014

By

Photo: Reuters
Who needs Justin Bieber? Selena Gomez looked as happy as ever at the 2014 American Music Awards. She hoped others would relate to her emotional AMAs performance of “The Heart Wants What It Wants.”

Selena Gomez’s performance of “The Heart Wants What It Wants” was one of the most emotional moments of the 2014 American Music Awards. Gomez has openly admitted that the hit song is about her tumultuous relationship with Justin Bieber.

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Economic Study: World’s Ultra-rich Getting Much Richer

Posted by Ram Kumar Shrestha on November 22, 2014

The report said 211,275 people qualify as “ultra-high net worth” (UHNW) – those with assets above US$30 million. 

A bare 0.004 per cent of the world’s adult population controls nearly US$30 trillion in assets, 13 per cent of the world’s total wealth

WASHINGTON: A bare 0.004 per cent of the world’s adult population controls nearly US$30 trillion in assets, 13 per cent of the world’s total wealth, according to a new study released on Thursday (Nov 21). And perhaps unsurprisingly, the study by the Swiss bank UBS and luxury industry consultant Wealth-X said the concentration of money in the hands of the ultra-rich is growing.

The report said 211,275 people qualify as “ultra-high net worth” (UHNW) – those with assets above US$30 million. Of them, 2,325 have more than US$1 billion. Their numbers grew 6 per cent over the past year, but their wealth grew 7 per cent, as asset markets like stocks and property soared in many places around the world.

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Putin: Economic blockade of E. Ukraine a ‘big mistake’

Posted by Ram Kumar Shrestha on November 16, 2014

Russian President Vladimir Putin (RIA Novosti / Mikhail Klimentiev)

                                Russian President Vladimir Putin (RIA Novosti / Mikhail Klimentiev

READ MORE: Ukraine scraps human rights treaty for rebel areas, cuts services, freezes banks

“I don’t understand why Kiev authorities are cutting off those territories with their own hands. Well one can understand – to save money. But it’s not the time or the case to save money on,” he said.

Putin compared Kiev’s debacle with the Donetsk and Lugansk regions to Russia’s own armed conflict in the Chechen Republic that erupted several times since the early 1990s and officially ended in April 2009. But even at the worst moments, Moscow did not stop paying pensions and other social benefits to the Chechen people, he said.

“At moments that appeared to be stupid, because the people who were in control there not only embezzled that money but also could use them for obviously less-than-noble goals. But we did it due to our moral obligations to the common people. And in the end it turned out to be the right decision, as Chechens appreciated what Russia did to support the common people,” Putin said.

Russia's President Vladimir Putin attends a news conference at the end of the G20 summit in Brisbane November 16, 2014. (Reuters/Mikhail Klimentyev)

Russia’s President Vladimir Putin attends a news conference at the end of the G20 summit in Brisbane November 16, 2014. (Reuters/Mikhail Klimentyev)

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Kissinger warns of West’s ‘fatal mistake’ that may lead to new Cold War

Posted by Ram Kumar Shrestha on November 16, 2014

Former U.S. Secretary of State Henry Kissinger (Reuters / Gero Breloer / Pool)

                           Former U.S. Secretary of State Henry Kissinger (Reuters / Gero Breloer / Pool)

Former US Secretary of State Henry Kissinger has given a chilling assessment of a new geopolitical situation taking shape amid the Ukrainian crisis, warning of a possible new Cold War and calling the West’s approach to the crisis a “fatal mistake.”

The 91-year-old diplomat characterized the tense relations as exhibiting the danger of “another Cold War.”

“This danger does exist and we can’t ignore it,” Kissinger said. He warned that ignoring this danger any further may result in a “tragedy,” he told Germany’s Der Spiegel.

READ MORE: Europe may become irrelevant due to short-sighted policies – Gorbachev Read the rest of this entry »

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‘Economic isolation breach of intl law’: Top 5 takeaways from Putin ahead of G20

Posted by Ram Kumar Shrestha on November 16, 2014

 If you did not hear more about Putin in G20 due to US block, here you will not be banned to get that opportunity.
Russian President Vladimir Putin (RIA Novosti/Mikhail Klementiev)

                                    Russian President Vladimir Putin (RIA Novosti/Mikhail Klementiev)

Vladimir Putin says the G20 must address global imbalances together, and economic isolation, especially in the case of sanctions, which not only leads nowhere but is a crude violation of international economic law.

Here are the Russian president’s top takeaways he gave in an interview to TASS ahead of the G20 summit being held in Brisbane, Australia from November 14-15.

Full speech: Putin on G20: Russia sanctions contradict club principles

G20 great for ground work, but decisions often just hot air

Putin believes the G20 is still a good and relevant platform for world leaders, however, decisions at the summit are often nothing but words. Decisions made there are only carried out when there are in line with the interests of certain global players, like the US.

Decisions are neglected if they don’t fit the agenda of an individual power.

An example is when US Congress blocked the IMF quota, which was intended to enhance the role of developing economies and redistribute quotes. That move was counterproductive, Putin said.

“The very fact that US Congress has refused to pass this law indicates that it is the United States that drops out of the general context of resolving the problems facing the international community,” the president said.

“Everyone must understand that the global economy and finance these days are exceptionally dependent on each other,” he said. Read the rest of this entry »

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Can You Guess Her Age? — Raw Vegan Diet Is Woman’s Fountain of Youth

Posted by Ram Kumar Shrestha on November 13, 2014

 

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U.S., China Unveil Ambitious Climate Change Goals

Posted by Ram Kumar Shrestha on November 13, 2014

3BEIJING (AP) — The United States and China pledged Wednesday to take ambitious action to limit greenhouse gases, aiming to inject fresh momentum into the global fight against climate change ahead of high-stakes climate negotiations next year.

President Barack Obama announced that the U.S. would move much faster in cutting its levels of pollution. Chinese President Xi Jinping agreed to cap China’s emissions in the future — a striking, unprecedented move by a nation that has been reluctant to box itself in on global warming.

“This is a major milestone in the U.S.-China relationship,” Obama said, with Xi at his side. “It shows what’s possible when we work together on an urgent global challenge.”

The unexpected declaration from the world’s two largest polluters, unveiled on the last day of Obama’s trip to China, reflected both nations’ desire to display a united front that could blunt arguments from developing countries, which have balked at demands that they get serious about global warming. Yet it was unclear how feasible it would be for either country to meet their goals, and Obama’s pledge was sure to confront tough opposition from ascendant Republicans in Congress.

The U.S. set a new target to reduce its emissions of heat-trapping gases by 26 percent to 28 percent by 2025, compared with 2005 levels. That’s a sharp increase from earlier in Obama’s presidency, when he pledged to cut emissions by 17 percent by 2020. Read the rest of this entry »

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The Sexiest Vegetarian Celebrity!

Posted by Ram Kumar Shrestha on November 13, 2014

Help PETA Pick the Sexiest Vegetarian Celebrity!

Doesn’t it seem like one celebrity after another is going vegetarian or vegan? It’s not just your imagination: As knowledge spreads about cruelty to animals on factory farms and in slaughterhouses as well as how eating meat wreaks havoc on the environment and our health, more and more stars are taking on a new role—as models for a compassionate, healthy, and Earth-friendly lifestyle. Read the rest of this entry »

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New History: Rosetta’s Spacecraft Successfully Lands On Comet (Video)

Posted by Ram Kumar Shrestha on November 13, 2014

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European Space Agency’s Rosetta space probe on Wednesday successfully deployed its robotic lander Philae on the Comet 67P/Churyumov-Gerasimenko.2

This is the first time a spacecraft has ever landed on the surface of a comet. The mission was ten years in the making.

EU science chief Anne Glover tweeted that, “I think Europe just boldly went where no one else has gone before.”

Philae touched down on an area of the comet named Agilkia, using harpoons and screws to latch on to the surface.

rosetta

                                             Here’s a timeline of the spacecraft’s historic mission, courtesy of the AP: Read the rest of this entry »

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Alayne Fleischmann costs JPMorgan $US9 billion

Posted by Ram Kumar Shrestha on November 9, 2014

alayne-fleischmann

JP

The key witness in one of the most significant white-collar crime cases in US history has spoken out for the first time.

Alayne Fleischmann, whose testimony was used by US prosecutors to negotiate a $US 9 billion ($10.4 billion) settlement with her former employee JPMorgan, said her attempts to stop the bank’s sale of dodgy loans were repeatedly silenced.

In an interview with Rolling Stone, The Cornell Law grad said she witnessed “massive criminal securities fraud” in the bank’s mortgage sales in the months leading-up to the financial crisis.

“It was like watching an old lady get mugged on the street,” she says. “I thought, ‘I can’t sit by any longer.'”

Ms Fleischmann, who started working at the bank as a transaction manager in 2006, said when she reviewed random samples of loans, her team found that about 40 per cent were based on overstated incomes.

One mortgage involved a manicurist who claimed to have an annual income of $117,000. Ms Fleischmann calculated that the woman would have need to work 488 days a year to make that income possible.

“And that’s with no overhead,” Ms Fleischmann said. “It wasn’t possible.” Read the rest of this entry »

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Four young terrorists’ plan to assassinate Queen Elizabeth failed

Posted by Ram Kumar Shrestha on November 9, 2014

Queen-Elizabeth_1

Four young Islamic terrorists planned to assassinate Queen Elizabeth by stabbing her at the Royal British Legion Festival, a military party held in Royal Albert Hall. The event is scheduled on Saturday, November 8.

The Sun reports that the four extremists, aged 19 to 27, were arrested by British police on Thursday night. Besides a knife, the police found in their possession firearms. They were arrested on suspicions of committing, preparing or instigating acts of terrorism, according to the Metropolitan police.

Authorities informed the 88-year-old Queen about the assassination plot, but despite the threat to her life, she and Prime Minister David Cameron would still attend to her royal duties this weekend such as wreath-laying rites at the Sunday Remembrance celebration to mark the end of World War I in 1918.

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Man Who Shot Bin Laden Revealed (Video)

Posted by Ram Kumar Shrestha on November 7, 2014

LK

In 15 years of dangerous missions — from midnight raids on al-Qaeda safe houses in Iraq to battling Somali pirates from the deck of a heaving Navy ship on the high seas — there had never been one so shadowed by dread. As Robert James O’Neill contemplated his jump from a helicopter into Osama bin Laden’s private garden, he was positive it would be his last.

“I didn’t think I would survive,” the former Navy SEAL said.

O’Neill, one of dozens of U.S. special operators to storm bin Laden’s hideout on May 2, 2011, said he mentally prepared himself to face death from heavily armed gunmen or from the elaborate booby traps that would surely line the approaches to the al-Qaeda leader’s inner sanctum. What he never expected was that he would secure a place in history that night, as the man who fired the bullet that ended bin Laden’s life.

O’Neill confirmed to The Washington Post that he was the unnamed SEAL who was first to tumble through the doorway of bin Laden’s bedroom that night, taking aim at the terrorist leader as he stood in darkness behind his youngest wife. In an account later confirmed by two other SEALs, the Montana native described firing the round that hit bin Laden squarely in the forehead, killing him instantly.

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Putin Vs. Obama: The World’s Most Powerful People 2014

Posted by Ram Kumar Shrestha on November 6, 2014

Power has been called many things. Pretty isn’t one of them.

No one would call Vladimir Putin a good guy. In 2014 he strong-armed his way into possession of Crimea and waged an ugly proxy war in neighboring Ukraine, during which an almost certainly Russian-supplied surface-to-air missile downed a civilian jetliner. But as the undisputed, unpredictable and unaccountable head of an energy-rich, nuclear-tipped state, no one would ever call him weak.

So who’s more powerful: the omnipotent head of a feisty former superpower or the handcuffed head of the most dominant country in the world? For the second year running, our votes went with the Russian president as the world’s most powerful person, followed by U.S. President Barack Obamaand Chinese leader Xi Jinping.

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Our annual ranking of the World’s 72 Most Powerful People (one for every 100 million people on the planet) is based on voting by a panel of FORBES editors, who consider things like financial resources, scope and use of power, and the number of people they impact. (See full methodology here.)

This is not a lineup of the most influential or an anointing of the new establishment. It is an evaluation of hard power. We insist the people on our list wield the kind of power that shapes and bends the world, and moves people, markets, armies and minds. All of this, of course, is open to debate, and we welcome it. Join the conversation and leave your comments below.
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