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China, India, play it again for Uncle Sam

With US Secretary of State Condoleezza Rice in Beijing and Secretary of Defense
Robert Gates in New Delhi, the US's evolving Asian strategy is on display.
Washington is out to convince China and India that each is a privileged partner
of the US's global strategies, a part of which is containing a resurgent
Russia. Beijing has welcomed the US "invitation", but Delhi is convinced the US
is building up Indian capabilities just to make it a counterweight to China. - M
K Bhadrakumar (Feb 29, '08)
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Pakistan, US raise militant tempo
Thursday's missile attack by a US Predator drone in the Pakistan tribal areas
has a significance far beyond the dozen or so militants killed. The pilotless
craft was launched from a Pakistani airbase - a first - and the targets were
hit in an Islamic seminary. In the border regions, these madrassas are
widely used by militants to transfer weapons and for meetings - and until now
they have fallen under the intelligence radar. - Syed Saleem Shahzad
(Feb 29, '08)
Medvedev ready for his Russian
moment
Judging
by his record, the presumptive next president of Russia, Dmitry Medvedev, can
be expected to pursue a concerted liberalization of politics as the next
logical stage in the country's evolution. He aims to make business in Russia
the most profitable in the world. And in foreign policy, the likely leitmotif
is that security will be enhanced when countries share risk - that is, the West
and Russia should cooperate. - Nicolai N Petro
(Feb 29, '08)
BOOK REVIEW
From local fight to global
struggle
Russia's Islamic Threat by Gordon M Hahn
Although the Chechen war started as a nationalistic exploit, with the desire to
liberate Chechens from Russia and build an independent state, it has
transformed itself into a jihadi movement with global appeal. - Dmitry
Shlapentokh (Feb 29, '08)
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A whole new game for Thailand's
Thaksin
Thaksin Shinawatra's return to Thailand on Thursday marks the first time an
elected prime minister who has been deposed from power has come back with
politically active support and with the party in power backing him. All the
same, Thaksin says it's sport he'll be playing, not politics. And fighting law
suits. (Feb 29, '08)
Taliban can't stop Korean missionary
zeal
The Taliban's abduction last year of 23 South Korean Christian volunteers
shocked their country and prompted the leader of the missionaries' church to
say there would be no more work in Afghanistan. Now, he's singing a different
hymn and plans to send more people to the same area once his government lifts a
travel ban. - Sunny Lee (Feb 29, '08)
SEX
IN DEPTH
Cell swingers in Cambodia
From university sweethearts married in Paris to kingpins in the brutal Khmer
Rouge regime in Cambodia, 82-year-old Ieng Sary and his wife Khieu Thirith, 75,
now bide their time in detention awaiting trial for crimes against humanity.
They're in separate cells, and Sary has requested conjugal visits. While the
two await an answer, they could reflect on one of the Khmer Rouge's practices -
separation of man and wife. (Feb 29, '08)

William Sparrow writes a weekly column looking at issues relating to sex
in Asia.

THE ROVING EYE
A long road from Kosovo to
Kurdistan
The embrace by Washington of Kosovo's declaration of independence has less to
do with democracy than with hard-nosed pragmatism. The US's biggest foreign
military base since the Vietnam War - Camp Bondsteel - is in Kosovo, and the
region will be home to a US$1.1 billion pipeline that will get oil from the
Caspian Sea ultimately to refineries in the US. Kurds in Iraq, believing Kosovo
to be a precedent for an independent Kurdistan, will be disappointed: the
US-sanctioned Turkish invasion of northern Iraq has seen to that. - Pepe Escobar
(Feb 28, '08)
Ambac bailout may cause crisis
There are solutions to the US financial crisis - the proposed injection of US$3
billion into bond insurer Ambac is not one of them. Prices have to come down,
banks have to be recapitalized, risk premiums have to go up. But with little
interest in tough medicine, we face higher inflation and a substantially weaker
dollar. - Axel Merk (Feb 28, '08)
Indonesia's appetite for arms
grows
Checks on US military aid to Indonesia are gone, and the floodgates are now
wide open. Washington hopes beefing up Indonesia's military will help Jakarta
counter terrorism and emerge as a regional leader able to thwart North Korea's
nuclear ambitions and deter China's military build-up. Meanwhile, Washington is
watching Russian President Putin's recent overtures to Jakarta with a wary eye.
(Feb 28, '08)
Australia
offers India hope on uranium
The decision of the Australian government under Prime Minister Kevin Rudd to
pull out of an agreement reached under his predecessor to supply India with
uranium may be reversed. First New Delhi will have to resolve its nuclear
differences with Washington. (Feb 28, '08)
A sour note in Pyongyang
The music was great, but the New York Philharmonic Orchestra's performance in
the North Korean capital this week was overshadowed by those who did not
attend. Dear Leader Kim Jong-il and his chief nuclear negotiator were
conspicuously absent, sending a message that is reverberating in the echo
chamber of negotiations over Pyongyang's nuclear program and the future of US
relations on the Korean Peninsula. - Donald Kirk
(Feb 28, '08)
THE MOGAMBO GURU
TFC goes down on the upside
Growth in Total Fed Credit is slowing even as the absolute amount climbs
towards the trillion-dollar mark. That is no comfort to hungry folk in Yemen
getting wasted as they riot in protest at the rising cost of bread. But then
they didn't have the foresight to build a bunker and stock it with that
essential of inflationary times - gold. (Feb 28,
'08)
IN THE DRAGON'S LAIR
US prowls for China in the
Philippines
With China fast becoming the US's greatest competitor, Washington
needs the Philippines more than ever. Not only is it ideally located, its
government has been far more willing than other Southeast Asian countries to
align itself with the demands of the US. Thus Washington is steadily
transforming and deepening its military presence and intervention in the
Philippines in preparation for any face-off with China. In return, Beijing is
aggressively courting Manila. - Herbert Docena
(Feb 27, '08)
Washington reaches out to
Muslim rebels
The American envoy's recent meeting with the leader of the separatist Moro
Islamic Liberation Front in the Philippines signals a softening of Washington's
stance on the Muslim rebel group it once considered adding to its terror
blacklist. The secretive meet also hints at a larger deal in which Washington
will help to broker peace in Mindanao - as long as the rebels sever ties with
any groups the US has identified as terrorists, including the Abu Sayyaf. - Romer
S Sarmiento (Feb 27, '08)
DISPATCHES FROM AMERICA
'The world' according to Washington
According to Anglo-American rules of discourse, "the world" is the political
class of Washington, London and their allies of the moment. For an example,
take the recent killing of Hezbollah doyen Imad Moughniyeh, one of "the most
wanted militants in the world". But, if "the world" adopted the perspective of
the real world, other criminals would be worthy of the epithet "wanted the
world over". - Noam Chomsky (Feb 27, '08)
THE BEAR'S LAIR
Booby-trapping the economy
If George W Bush left office next week, he could regard himself among the best
of those outgoing presidents whose successors have to take the rap for the
economic mess they inherit. But the 2009 president may just attack Bush's
legacy head on. - Martin Hutchinson (Feb 27, '08)
CAMPAIGN
OUTSIDER
Ding-dong, the witch is
... no, wait ...
Hillary Clinton's team says it faces do or die tests in Ohio and Texas next
week, but it will carry on whatever the outcome. The real question is how did
things get so grave in Hillaryland? - Muhammad Cohen
(Feb 26, '08)
Turkey offers oil pipe lifeline
Turkey
is offering India access to its network of pipelines running from oil-rich
Central Asia - with Israel serving as a key link in the chain. A deal would be
attractive to New Delhi, if it could secure the oil to course through the
pipes. - Sudha Ramachandran (Feb 26, '08)
SUN
WUKONG
Shares drive may
drown a golden goose
The Chinese government, keen to reduce the amount of cash in the economy, is
encouraging more companies to raise money in the stock markets rather than
through bank loans. The result is a plethora of proposals for new share issues
by listed companies such as insurance giant Ping An, whose need for the cash is
open to question. - Wu Zhong (Feb 25, '08)
Turkey's offensive comes at a price
Turkey is clearly acting in concert with the United States and Israel over its
incursion into northern Iraq to attack Kurdish rebels. As a result, Ankara can
shrug off international - including Iraqi - condemnation of its actions. But
there will be a cost: Turkey will be expected to play a major role as the
guardian of the stability of northern Iraq, and as important, to play a bigger
role in Afghanistan. - M K Bhadrakumar (Feb
25, '08)
SPENGLER
Obama's women
reveal his secret
The public knows less about Barack Obama than any other presidential hopeful in
American history. His career bears no trace of his character. But there is a
real Barack Obama - a man shaped by the imprint of an impassioned mother, and
the influence of a brilliant wife. Ultimately, the probable next president is a
mother's revenge against the America she despised. (Feb
25, '08)
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Mouth-to-mouth
will fail economies

The US government might yet pull the economy out of the jaws of recession
through the short-term fix of raising spending on the military or the related
disaster capitalism complex. But one way or another, the forces making for
long-term global stagnation are now too heavy to be shaken off by the
equivalent of mouth-to-mouth resuscitation. - Walden Bello
MARKET RAP
Beware the wings
of the butterfly
The fear that an American downturn will significantly hurt Asian corporate
earnings seems to have been at least temporarily overcome. Yet the future of
structured investment vehicles remains a threatening shadow that can engender
yet another crisis with incalculable effects far from the US.
R M Cutler runs his eye over the ups and downs in the week's markets.

Heads I win,
tails I break even
It's bad enough that fewer than a third of workers aged 36 to 43 have any
pension plan coverage. Now folk who have coverage are bankrupting their
retirements to keep up payments on a house that they couldn't afford in the
first place, that they can't afford now, and is worth less than they owe! And
it's going to get worse!
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Pakistan site swipe
exposes web fragility
Pakistan's efforts to prevent its citizens from viewing a YouTube video
affected the Internet far beyond its borders. No less worrying, the country's
censors indicate they have no inclination to prevent a repeat of the global
blackout.
Martin J Young
surveys the week's developments in computing,
gaming and gizmos.
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CREDIT BUBBLE BULLETIN
Confirmations
on the bleak side
Availability of credit continues to falter, yet the Fed's reflation options are
circumscribed by growing investor preferences to purchase "things" as opposed
to securities. The days when compliant hedge fund managers could be nudged into
buying stocks and junk bonds are over. (Feb 25, '08)
Doug Noland reviews the previous week's events each Monday.
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[Re
Cultural bias a drag on China business, Feb 29] ... Does
China being democratic or autocratic matter to these people who came here to
make money? China's road to democracy, no matter how long and arduous, is
something that has to be determined and experienced by the Chinese, not these
Westerners ...
Juchechosunmanse
Beijing
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ATol Specials
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The
Gates
Inheritance
By
Roger Morris
(June '07) |
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Syed Saleem Shahzad reports on
the Afghan war from the Taliban side
(Dec '06)
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How
Hezbollah defeated Israel
By
Mark Perry and
Alastair Crooke
(Oct '06)
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Mark
Perry and
Alastair Crooke
talk to the 'terrorists'
(Mar '06)
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China:
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Impossible
Revolution
By
Francesco Sisci
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The Coming
Trade War
By Henry C K Liu
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A series
by Henry C K Liu
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Sinoroving
Pepe Escobar in China
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Money, Power
and
Modern Art
A series by Henry C K Liu
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Andre Gunder Frank on Uncle Sam and his
shrinking dollar
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By Pepe Escobar with
photographs by Kevin Nortz
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Nir Rosen goes inside the Iraqi
resistance
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Nir Rosen rides with the US 3rd
Armored Cavalry in western Iraq
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