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    Front Page
    
Tibet, the 'great game' and the CIA

The main beneficiary of the death and destruction in Tibet could be the United States. For Washington and the Central Intelligence Agency, with its deep involvement in the Free Tibet Movement, this is a heaven-sent opportunity to create significant leverage against Beijing, with little risk to American interests. For China, the seriousness with which it is treating the unrest is illustrated by the deployment of a large number of important army units. - Richard M Bennett (Mar 25, '08)

Pakistan's new leaders target militants
Freshly installed Pakistani Prime Minister Yousuf Raza Gillani has already made his mark by freeing judges detained last year on President Pervez Musharraf's orders. In dealing with militancy, many expect the government to similarly unravel Musharraf's policies by treading softly. This will not mean an easy ride for al-Qaeda and radical jihadis, however. - Syed Saleem Shahzad (Mar 25, '08)

Promises and pandas for Taiwan's Ma
Saturday's decisive presidential victory by Kuomintang candidate Ma Ying-jeou was a clear mandate to rule the island and a humbling end for the era of President Chen Shui-bian. But with a sluggish economy, internal party divisions and complex relationships with Beijing and Washington, Ma faces an enormous balancing act. - Ting-I Tsai (Mar 25, '08)

SPENGLER
The mustard seed
in global strategy

With Pope Benedict's baptism of Magdi Allam, a prominent Muslim-born journalist who converted to Catholicism during Easter mass, the global agenda is changed through the soul of a single man. Since September 2001, the would-be wizards of Western strategy have tried to conjure variations of Islamic "reform" or "democracy". None of this matters now, as Magdi Allam's case confirms.
(Mar 25, '08)

CAMPAIGN OUTSIDER
Black and white and
barely read at all

US presidential candidate Senator Barack Obama gave an intelligent speech on race relations to the wrong country. America doesn't want to think about much, least of all about a topic on which everyone's already an expert. - Muhammad Cohen (Mar 25, '08)

   What Obama's pastor really said (video)

DISPATCHES FROM AMERICA
Bonfire of puppy-tossers, and the beer test
A widely viewed Internet video of a US Marine throwing a cute puppy to its death in a ditch in Iraq has Americans gnashing their teeth at the appalling actions of a native son. It's disturbing stuff, but where's America's all-consuming concern for the hundreds of thousands of dead Iraqi humans? It's this dichotomy that exposes the real reasons for the war, and the real risks that those who advocate its quick conclusion are taking. - Julian Delasantellis (Mar 25, '08)



Same game, new rules in Afghanistan
Obituaries for the Taliban's spring offensive are premature, though instead of trying to engage opposition forces head-on, the Taliban will open up new fronts in both Pakistan and Afghanistan. In return, North Atlantic Treaty Organization and United States-led troops will target the Taliban's safe havens straddling the border with Pakistan. - Syed Saleem Shahzad (Mar 20, '08)

Pyongyang cashes in on US row
Just how "welcome and wanted" US forces remain in South Korea will depend to some extent on whether Seoul is prepared to pick up the tab for an extra US$10 billion in connection with the relocation of a US base in the country. The issue goes to the core of the US military presence in South Korea, something North Korea has been quick to exploit. - Donald Kirk (Mar 20, '08)

CHAN AKYA
Why markets love dictators
This week's developments once again highlight the reasons for markets to prefer dictatorships over freewheeling democracies. Clarity in decision-making is more important than preserving the rights of individuals, for the benefit of society at large, as seen by the market reactions to recent political changes in India, Taiwan, Japan, Malaysia and China. (Mar 20, '08)

SEX IN DEPTH
My short time with Tito
It all started innocently enough: a simple research outing to uncover the underworld of Western sex workers in Asia. But then, at the unsubtle urging of an over-bulked Baltic bouncer named Tito, the venture became a tour of the sex trade "circuit". What came out was the naked truth about organized crime, immigration, sex and the story behind some of Asia's most notorious ports of call girls.
William Sparrow writes a weekly column looking at issues relating to sex in Asia. (Mar 20, '08)

THE MOGAMBO GURU
A bunch of government gobbledy-gook
Liquidity crisis? When extra money is entering the US economy at a pace not seen since a few weeks before president Richard Nixon imposed wage and price controls? We are awash with the stuff - unless you are one of the unemployed, whose numbers are already half way up to Great Depression levels.

Why Spitzer was Bushwhacked
Disgraced New York State governor Eliot Spitzer had cause to feel frisky when he visited Washington in February. As he was paying off a call girl, the press was preparing to run a Spitzer broadside against the world's biggest financial powers and President George W Bush, whom he described as a fugitive from justice and a partner in crime with predator lenders. It was a politically fatal coincidence. - F William Engdahl (Mar 19, '08)

Bernanke running out of bliss room
US Federal Reserve chief Ben Bernanke and his pack of merry pranksters, having given Wall Street yet more interest rate cuts, now have only a few months before they must conjure up other tricks to end the rot in the US economy as rate levels head toward their floor and inflation concerns mount. - Julian Delasantellis (Mar 19, '08)

 IRAQ FIVE YEARS ON

THE ROVING EYE
Shocked, awed and left to rot
US Vice President Dick Cheney is spot on when he talks of "phenomenal changes" in Iraq. Millions of Iraqis have lost their homes, their jobs, their families, their dreams and in countless cases their own lives because of a pre-emptive war. And anti-American Muqtada al-Sadr will ultimately be the lord of what remains of Iraq. - Pepe Escobar (Mar 19, '08)

DISPATCHES FROM AMERICA
Already counting to six
When it comes to the American position in Iraq, short of an act of God, the sixth anniversary of George W Bush's war of choice is going to dawn much like the fifth one, no matter who's elected US president in November. - Tom Engelhardt (Mar 19, '08)

SUN WUKONG
Stumbling towards
Confucius-ville

As part a Beijing-sponsored "cultural renaissance", the 2,500-year-old teachings of Confucius are back in vogue as a counterbalance to the meteoric rise of modern China. But a plan to erect a US$4.2 billion "Chinese Cultural Symbolic City" in the philosopher's hometown has hardly inspired the peace and social harmony of which Confucius wrote. - Wu Zhong (Mar 19, '08)

China and India: Oh to be different
Once again, with the unrest in Tibet, Beijing has been caught unprepared and has revealed its inability to deal with dissent and difference, despite the stated goal of creating a harmonious society. In direct contrast, India's diverse polity has flourished against all the odds precisely because of its ability to acknowledge difference. - Pallavi Aiyar (Mar 18, '08)

THE BEAR'S LAIR
Sorry, I wasn't pessimistic enough
Early forecasts of declines in US house prices and of mortgage bad-debt losses have fallen far short of the mark and a far grimmer picture is developing. Losses to come are probably large enough to wipe out the banking system and failure of any one major house could be sufficient to bring down the world economy. - Martin Hutchinson (Mar 18, '08)

Khomeini's grandchild breaks her silence
The outspoken views of Zahra Eshraghi, granddaughter of Ruhollah Khomeini, the leader of the Islamic revolution in Iran, have put her at odds with Tehran's conservative hardliners and have drawn a gag order from her own prestigious family. But the recent mass disqualification of reformists in the March 14 parliamentary elections and what she feels are "delusions" maintained by the current regime have moved her to break her silence. (Mar 18, '08)

Russia throws a wrench in NATO's works
President Vladimir Putin has made the North Atlantic Treaty Organization an offer it will find extremely difficult to resist - making Russia a participant in the alliance's Afghan mission. The pressure is now on the United States to embrace the idea of Russia becoming a transit route for supplies going to Afghanistan. The trouble is, Washington knows Moscow will incrementally want a bigger role for itself and its allies in Afghanistan, and those allies include China.- M K Bhadrakumar (Mar 14, '08)

THE SHAPE OF US POPULISM
Part 2: Long-term effects of the Civil War
The present deepening and widening financial crisis is laying naked the wealth-making mechanisms of society's elites while wreaking havoc with the lives of low-paid workers. It is also making imminent a wave of populist reform that may extend for several decades. In this are echoes of the New Deal era and much earlier reactions to economic depressions. - Henry C K Liu
This is the second article in a four-part series

 Part 1: A rich free-market legacy - for some
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IMF blows whistle on Tajik corruption
The International Monetary Fund this month revealed that the National Bank of Tajikistan and the Finance Ministry have been fiddling the country's accounts and concealing the disappearance of millions of dollars of international loan funds. Yet the Asian Development Bank continued to approve loans even as the IMF said the country had breached its financial obligations. - John Helmer

SPEAKING FREELY
China risks caution overkill after Bear prudence
CITIC Group's decision to cancel its US$2 billion cross-shareholding deal with Bear Stearns highlights China's new mood of caution on investing in Western banks and may coincide with a rethink regarding its own financial organizations. Yet a return by China to the world of rigid financial sector compartmentalization would be in neither its own nor the global financial system's interests. - Sebastian F Bruck

CREDIT BUBBLE BULLETIN
Nationalization and dislocation
Many investors may believe the Fed and the administration have discovered the right antidote to the credit crisis - witness the recent stocks rally. Yet rule changes regarding Fannie Mae and Freddie Mac are nothing less than a transfer of massive prospective credit losses directly to the taxpayer and the US and global markets in reality had "dislocation" written all over them.
Doug Noland reviews the previous week's events each Monday.

Cambodian dam plans suffer information drought
Cambodia, with its own fast-growing economy and a shortage of energy, plans to build a series of hydropower projects that would help to supply its own needs while creating an opportunity to supply electricity to neighboring countries. Yet even projects underway lack transparency while the strong presence of Chinese companies is also raising concern.

 THE MOGAMBO GURU

Economic stupidity is no solution
The International Monetary Fund surprises nobody with its call for taxpayers to bail out everybody caught in the subprime crisis. But it's another matter when a Financial Times editorial urges inflation. Don't folk understand that keeping the existing structure intact requires the same degree of economic stupidity all over again?

MARKET RAP
What goes up must come down The purchase of Bear Stearns by JP Morgan Chase marks another turn in the US financial drama as it deepens even further into a solvency crisis. The Fed's latest rates cut persuaded few investors that the end is in sight, with most markets barely breaking their downward slide on the news. (Mar 20, '08)
R M Cutler runs his eye over the ups and downs in the week's markets.




[Re Shocked, awed and left to rot, Mar 20] ... One vital element missing ... from Senor Escobar's otherwise excellent description of the course of the [Iraq] war and the current situation is an analysis of the discrepancy between the updated figures for the "additional deaths" caused by the war - some 1.3 millions ...
M Henri Day, PhD, MD
Stockholm
   Go to Letters to the Editor



 <IT WORLD>

One down, many to go
"Spam King" Robert Soloway's guilty plea in a Seattle court this week marked a notable victory in the battle against junk mail, but Internet users have no reason yet to lower their defenses against unwanted emails.
Martin J Young surveys the week's developments in computing, gaming and gizmos.



1. Why Spitzer was Bushwhacked

2. The peculiar theology of black liberation

3. My short time with Tito

4. Same game, new rules in Afghanistan

5. What goes up must come down

6. Pyongyang cashes in on US row

7. Why markets love dictators

8. Bernanke running out of bliss room

9. A bunch of government gobbledy-gook

(Mar 20-24, 2008)




ATol Specials


The Gates
Inheritance
By
Roger Morris
 
(June '07)



Syed Saleem Shahzad reports on the Afghan war from the Taliban side
(Dec '06)

How Hezbollah defeated Israel
By
Mark Perry and
Alastair Crooke
(Oct '06)

Mark Perry and
Alastair Crooke
talk to the 'terrorists'
(Mar '06)

China: The
Impossible
Revolution

By
Francesco Sisci 

The Coming
Trade War


By Henry C K Liu

A series
by Henry C K Liu
 

Sinoroving

Pepe Escobar in China

Money, Power
and
Modern Art


A series by Henry C K Liu

Andre Gunder Frank on Uncle Sam and his shrinking dollar


By Pepe Escobar with photographs by Kevin Nortz

   Nir Rosen goes inside the Iraqi resistance

Nir Rosen rides with the US 3rd Armored Cavalry in western Iraq

Vietnam Travel & Hotels in Vietnam. Book now!

On an Australian island: Real estate for sale -- Accommodation.

Air Purifier

 
 


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