Wealth

China Continues To Leverage Resources

HANGHAI—bustling Chinese companies have been on a shopping spree in the past month, snapping up tens of billions of dollars' worth of key assets in Iran, Brazil, Russia, Venezuela, Australia and France in a global fire sale set off by the financial crisis. The deals have allowed China to lock up supplies of oil, minerals, metals and other strategic natural resources it needs to continue to fuel its growth. The sheer scope of the agreements marks a shift in global finance, roiling energy markets and feeding worries about the future availability and prices of those commodities in other countries that...

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Citizen Outburst #855

HO SAYS THE CHEAP JUNK is cheap for America? This junk is horrid for our economic infrastructure, writes someone I'll just call Citizen. The textile workers all across the south lost their jobs while the fat cats took their business to China, Mexico, and elsewhere for their cheap goods to be sold back here in America. Take a look at the teen shops for clothing, those $25.00 blouses are absolute junk. When washed tiny holes show up, buttons are gone, why? the weaving is very poor quality and it falls apart. Examine other foreign-made products that fall apart. Contemplate cars...


Why America, Why?

The fine line between the nanny state hypothesis of the Left and the police state of the Right was drawn even fuzzier today. The Big Round-up appears closer than ever. But to some of us, this is no surprise. Clinging to the last shreds of constitutional glory left to us by this modern state, we tremble even as this shred is melting away from our clutches with every despicable new sway of the three branches representing "we the people" not so much by the book as off the books, preparing this century for the lures of warfare, chaos, much bloodshed...


You're Speaking My Language, Tony B

ITH THE OH SO HISTORIC INAUGARATION now just a week away, many Americans—fearful about the economy and uncertain about the future—are desperately pinning their hopes on Barack Obama and his "historic new New Deal." But hopeful rhetoric, new programs with massive price tags, massive cuts to military budgets, and "green investments" are not the solution, says bestselling author and syndicated columnist Tony Blankley. The solution lies in us; the solution lies in American Grit. American Grit, Blankley's controversial new book, calls for a bold new nationalism—based on hard work, sacrifice, and policies that put America first—to tackle the global and...


China Exports Fall Sharply

EIJING—China's trade growth collapsed in November as global consumer demand plunged, adding to pressure on Beijing to reverse a worsening economic slump and avert heavy job losses, data showed Wednesday. November's exports fell 2.2 percent from the year-earlier period, the first decline in seven years, the government reported. That was down sharply from October's export growth of 19.1 percent and well below analysts' forecasts of a 13 to 15 percent rise. Imports fell by 17.9 percent, pushing China's trade surplus to a new high of $40.1 billion. The decline adds to mounting signs that China's downturn is worsening in areas...