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Desperation fuels North Korea's leniency

North Korea's release of American missionary Robert Park comes as the debilitating effects of a botched currency reform raises fears of famine and as a power struggle erupts among Pyongyang's elite. With the North reportedly reeling from rice riots and inner-party purges, Seoul and Washington see the perfect chance to turn the screws on Pyongyang over its nuclear weapons program.
- Donald Kirk (Feb 5, '10)

Okinawa call to shape new US-Japan era
Washington is pressuring Japanese Prime Minister Yukio Hatoyama to stick to a 2006 agreement on the relocation of US Marines stationed on Okinawa, saying that any other call risks bilateral ties and Japan's national security. Even if the dispute ends in compromise, Hatoyama's defiant stance may signal the end of the asymmetric US-Japan alliance. - Axel Berkofsky (Feb 5, '10)

Nepal trying to march in step
Nepal, striving for lasting peace after a decade of insurgency, has two standing armies: a state-funded military and 20,000 Maoist combatants living in United Nations-monitored camps. Divisions over how they should be integrated into one force have the power to disrupt preparations for a new constitution and even draw the involvement of neighbors. - Dhruba Adhikary (Feb 5, '10)

Darwin and illusory pigeons
The works of Charles Darwin and the 19th-century pioneers who opened ancient Asia to the West will be the focus of an upcoming seminar at Kolkata's path-setting Asiatic Society. These include the efforts of a remarkable museum curator, Edward Blyth, who gave Darwin much of the voluminous information he sought on living creatures and specimens to study directly. - Raja Murthy (Feb 5, '10)

DISPATCHES FROM AMERICA
30-second warnings
Super Bowl Sunday is about as close as America gets, without a presidential election, to taking the pulse of the nation. From Iraq to Afghanistan, Mississippi to the West Coast, Americans and others gathered around television sets will witness snapshots of the national zeitgeist in the game's multi-million-dollar advertising slots; these will include voyeuristic horndogs, flatulent slackers and a pro-life message delivered by a quarterback. - Robert Lipsyte (Feb 5, '10)

BOOK REVIEW
Look who's come to dinner
Superfusion by Zachary Karabell
This insightful book examines the alternatives to fearing China's inevitable rise as a super-economy and global political force and asks whether American hostility to making room at the table for an upsetter of the old economic order is more a reflection of its own lost confidence. - Benjamin A Shobert (Feb 5, '10)



US fires off new warning in Pakistan
With its biggest drone attack to date in Pakistan - nine unmanned vehicles firing 19 missiles in one evening - the United States has underscored its invigorated desire to wipe out Taliban and al-Qaeda sanctuaries in the Pakistan and Afghanistan border areas. The efforts are backed by a new intelligence-gathering network tapping into Afghan tribesmen. - Syed Saleem Shahzad (Feb 4, '10)

Iran launches new phase in nuclear crisis
Tehran's acceptance of a "fuel-for-fuel" deal that would defuse concern over its nuclear program comes as the United States announces plans to encircle Iran and introduce tougher new sanctions on the Islamic Republic. Iran says its gesture is an unclenching of its fist, while skeptics dismiss it as a ploy to buy time and garner international support. - Kaveh L Afrasiabi (Feb 4, '10)

THE ROVING EYE
Staring at the abyss
On Indonesia's tropical island of Bali, everything is about sekala and niskala, ritual and the occult. In the United States, the Pentagon has its occult as it continues its descent into the ghostly abyss of its "long war". When President Obama visits Indonesia next month, he'd do well to do some soul-searching on Bali if he is to avoid being permanently engulfed by hungry ghosts. - Pepe Escobar (Feb 4, '10)

Dalai Lama firm on Obama meeting
A United States rebuttal of warnings from China against the Dalai Lama meeting Barack Obama adds to the growing list of tensions between Washington and Beijing. The issue has spilled over into talks between Beijing and envoys of the Dalai Lama, who stressed that a meeting between the Tibetan spiritual leader and the US president was a tradition unbroken since 1991, one of the envoys tells Asia Times Online. - Saransh Sehgal (Feb 4, '10)

Shanghai wishing on a fading Disney star
China's financial center, Shanghai, may be losing its warm, fuzzy feelings over getting the third Disneyland theme park in Asia, scheduled to open in 2014. As the city’s politicians look south to the magic kingdom in Hong Kong, where the reality of losses mock the expectations of a bonanza for the economy, they see a warning of what their dreams may bring about. - Olivia Chung (Feb 4, '10)

Anwar trial another black eye for Malaysia
To many, Anwar Ibrahim is not the only defendant in the dock in a sodomy trial that is the talk of Malaysia. Amid explicit language and allegations, everyone from the prime minister and the political establishment to the police and judiciary itself could be dragged through the mud if, as in Anwar's first trial, the courtroom drama turns into a high-stakes soap opera stretching out for months. - Anil Netto (Feb 4, '10)

India's awards lose honorable luster
India's highest civilian awards are increasingly being distributed to those who have friends in positions of power. Adding to a string of questionable choices in recent times, this year's top award-winners include a former militiaman and an alleged crook. - Sudha Ramachandran (Feb 4, '10)

US's strike threat catches China off guard
The United States' plans for a "Prompt Global Strike" system that could launch a conventional weapons attack on anywhere in the world within an hour are unsettling China. The US combat strategy has traditionally relied on nuclear might, and this change is seen by Beijing as a maneuver in America's quest for domination of the world and of space. - Peter J Brown (Feb 3, '10)

Pakistani Taliban has its work cut out
If Hakeemullah Mehsud, the leader of the Tehrik-e-Taliban Pakistan, did indeed die in a United States drone attack last week, there is a ready replacement for him in a young battle-hardened commander with a set agenda: to continue the relationship that Mehsud's group forged with al-Qaeda as a component of its regional plans. - Syed Saleem Shahzad (Feb 3, '10)

US ups the ante in Iran nuclear game
By expanding its missile defense systems in the Persian Gulf, the United States is sending its strongest message yet to Iran over the stalemate in talks over Tehran's nuclear program. The move can also be seen as a sign that neo-conservative voices are being heard in Washington. - Mohammed A Salih (Feb 3, '10)

Obama expectations revised in Indonesia
Confirmation that United States President Barack Obama will make a much-awaited visit to his childhood home of Indonesia has had a mixed reception. Fading hopes that Obama will upgrade Jakarta's strategic importance in Washington mirror discontent with Indonesia's own president, raising doubts whether Obama's visit will benefit the Indonesian leader. - Sara Schonhardt (Feb 3, '10)

Brinjal a political hot potato in India
The battlelines are drawn in India's brinjal wars between proponents of the introduction of a variant as the country's first commercial genetically modified vegetable, who say it will cut pesticide use, and those who say it is harmful. The government stumbled late into the debate over the crop, also known as eggplant, and has a tough decision to make. - Neeta Lal (Feb 3, '10)

Bernanke who?
China's efforts to cool its economy are already having an impact elsewhere - notably on export-related stocks in the United States, such as those involved in steel, shipping and natural resources. The most important monetary official in the world may now be based, not in Washington, but in Beijing. - Julian Delasantellis (Feb 3, '10)

The Iraqi oil conundrum
Dreams nurtured in the United States that the overthrow of Saddam Hussein would be quickly followed by oil revenues flowing into the coffers of US-based companies have long turned sour. Now, even the involvement of China has failed to get the black gold flowing. - Michael Schwartz (Feb 3, '10)

Taliban take on the US's surge
The Taliban, rather than demand that all foreign troops be pulled out of Afghanistan before negotiations begin with the United States or any other country, have proposed that if the US stops its surge of 30,000 troops, dialogue can start immediately. In addition, the Taliban say they will take measures to reduce hostilities. The dilemma for the US is how desperate is it to take the Taliban's word. - Syed Saleem Shahzad (Feb 2, '10)

South Korea marks a painful centenary
Northeast China, March 26, 1910. A Korean nationalist is executed for pumping four bullets into Hirobumi Ito, architect of the Meiji Restoration and Japan's colonial administrator for Korea. The shots fired by Ahn Jung-geun ushered in a 35-year Japanese occupation of Korea marked by killings, "comfort women" and a merciless "Japanization". They also rang out across Northeast Asia, raising questions of Pan-Asian unity that remain unanswered to this day. - Ronan Thomas (Feb 2, '10)

Turkey changes course on Armenia
Though there has been much criticism of the Turkish government wanting to initiate a commission to look at the evidence relating to the 1915 killing of more than one million Ottoman-Armenian civilians during World War I, it's an important step as Ankara tries to move away from the country's traditionally dogmatic view of its official history. - Caleb Lauer (Feb 2, '10)

Tomb warriors battle in China
The battle between ancient warlords Cao Cao and Liu Bei has been renewed in death. As archaeologists seek recognition that they have identified their final resting places - the one in Henan province, the other in Sichuan - truth and authenticity are being overshadowed by officials' hunger for increased tourism revenue. - Kent Ewing (Feb 2, '10)

Temasek and Thaksin lost in space
A corruption case against exiled former Thai premier Thaksin Shinawatra is overshadowing Shin Satellite, which he sold before being ousted from power. Singapore's Temasek Holdings, the present owner, faced with the prospect of a canceled tax holiday, may find it best to get rid of its stake, but attracting a buyer for the debt-burdened, loss-making unit could be tough. - Peter Brown (Feb 2, '10)

SPENGLER
Profits, not principals,
move the age

What brought United States and other Western banks down was not speculative bets in volatile markets but the necessary pursuit of profit in what appeared to be ultra-safe investments. The sources of the crisis remain unchanged: the industrial world's need to fund the greatest retirement wave in history. (Feb 1, '10)
David P Goldman
(Feb 4, '10)
Everything looks bad, so buy the less bad (and short the worst against it).



CHAN AKYA
Hair of Damocles' sword
United States Treasury Secretary Timothy Geithner's future in office might be short, with a warning by Moody's Investors Service that the US is at risk of losing its triple A credit rating giving more ammunition to critics of his handling of the financial crisis. Whenever his successor takes over, humiliating deals with China are likely to be part of a thankless work load.

Teves in race to fix
Philippines' economy

Philippines' Finance Secretary Margarito Teves is scrambling to control a ballooning budget deficit while boosting revenues to pay for past pump-priming efforts. Selling off state assets will help, but time is running out as he has only until elections in May to sort out what he can. "It's been a very difficult period for us," he tells Asia Times Online. - Jennee Grace U Rubrico

MARKET RAP
Friday blues come up trumps
End-of-week trading brought sell-offs across the region, with the largest weekly declines in more than two months. Yet few indexes are technically highly oversold, and further downward moves can be expected.
R M Cutler runs his eye over the ups and downs in the week's markets.

FROM THE BLOG
Not working
The world is discovering that the US government's attempts to pump up the economy through spending simply won't work. The latest employment figures are just the latest to bear this out. - David Goldman





Re US's strike threat catches China off guard: "[I]f you lived in a nation that spent such an insane amount of money on killing people and blowing things up you'd inevitably try and come up with something like this ..." - lemuel

"[In my opinion,] that Star Wars had some meaningful impact in the collapse of the CCCP is a fairy tale spun by the campaign to deify Reagan. Yes Reagan did contribute, by helping the Taliban against the Red Army, but Star Wars? Silly. I don't think China will be shaken or stirred over one Pentagon 'review'. ..." - ding73ding

From Our Mailbox
Any Republican who shows even a hint of amity to President Barack Obama is subject to excommunication and exile. The vilification of Obama in every aspect of US culture is simply astounding; every position he has taken has been distorted, twisted and mangled to reflect the willful demonization of "the other".
Hardy Campbell
Houston TX USA
   Go to Letters to the Editor



1. US fires off new warning in Pakistan

2. Iran launches new phase in nuclear crisis

3. US's strike threat catches China off guard

4. Staring at the abyss

5. Dalai Lama firm on Obama meeting

6. Profits, not principals, move the age

7. Shanghai wishing on a fading Disney star

8. Anwar trial another black eye for Malaysia

9. Pawns in a nuclear chess game

10. What's next for the dollar?

(24 hours to 11:59pm ET, Feb 4, 2010)

Pick of the month Jan 2010
Obama's Yemeni odyssey targets China
- M K Bhadrakumar







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   Nir Rosen goes inside the Iraqi resistance

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