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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)
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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)
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)
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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.

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?
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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.
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[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 |
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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.
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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:
The
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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permission.
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(Holdings), Ltd.
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