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Hot Money is alike Solos Asian Financial Crisis

motormafia

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http://www.businessdictionary.com/definition/hot-money.html

hot money

Definitions (3)

1. General: Alternative term for discretionary income.

2. International finance: Extremely volatile short-term capital that moves on a short notice to any country providing better returns. Powerful speculators can quickly pump massive sums into a high-yield economy, giving it an artificial aura of success and propriety. But, on a mere suspicion of a downturn or other negative factor, they can (and do) withdraw it almost overnight causing a near collapse of the country's financial structure.

3. Local finance: Money obtained through illegal means such as drug trafficking. Also called dirty money.

<hr>

PAP love to have this kind of HOT MONEY to burn their ASS.
 

ponzii

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Singapore Inflation to hit 5% 2011! China another 10% inflation! Chinese pay more for food than USA!

USA inflation 0.9%!!!!

WTF!!!!!!!
 

obama.bin.laden

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Singapore Inflation to hit 5% 2011! China another 10% inflation! Chinese pay more for food than USA!

USA inflation 0.9%!!!!

WTF!!!!!!!

USA can still produce and even export food such as corns & oranges, while importing less than other countries. SGP imports 99% of it food.
 

csjcsjcsj

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http://tw.news.yahoo.com/article/url/d/a/101229/19/2jum8.html

美州長:中國面對大雪不會畏縮
法新社 更新日期:"2010/12/29 03:50" 陳政一

(法新社華盛頓28日電) 美國東部賓州州長倫德爾(Ed Rendell)抨擊為本周暴風雪所採取的防範措施,認為這是美國日益衰弱的一個跡象,並表示中國人面對這樣的風雪絕不會畏縮。

倫德爾昨天告訴費城廣播電台:「我們已成為軟腳蝦國家,中國人在各方面都比我們行。」

國家美式足球聯盟(National Football League,NFL)因天氣預報將降下大雪,將費城老鷹隊(Philadelphia Eagles)26日在主場迎戰明尼蘇達維京人(Minnesota Vikings)的比賽延期,令倫德爾感到難過。

費城是美國第6大城市。費城降下15公分雪,較天氣預報少,不過包括紐約市在內的東岸地區,降下的雪量較大。

倫德爾問道:「如果這是在中國,中國人會取消這場比賽嗎?」

他告訴體育電台97.5 The Fanatic:「他們會走向體育場,一邊走還一邊算微積分。」(譯者:中央社陳政一)
 

csjcsjcsj

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http://www.aolnews.com/2010/12/28/is-ed-rendell-right-when-he-says-china-is-kicking-our-butt/

Is Ed Rendell Right When He Says China Is 'Kicking Our Butt'?
Dec 28, 2010 – 5:07 PM
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Dave Thier

Dave Thier Contributor
Does Beijing have our number?

Ed Rendell certainly thinks so. During a rant in which the Pennsylvania governor criticized the NFL for postponing Sunday's Vikings-Eagles game until today because of the monster blizzard, he also said the league's decision reflected a broader lack of toughness in the country.

"We've become a nation of wusses. The Chinese are kicking our butt in everything," he said in an interview with a Philadelphia radio station. "If this was in China, do you think the Chinese would have called off the game? People would have been marching down to the stadium, they would have walked and they would have been doing calculus on the way down."

Is Rendell right? Surge Desk comes up with some answers.

Military
China may wield significant geopolitical influence, but despite some of the chatter about "war with China," The Washington Post still finds its military lacking when compared with America.

According to reporter John Pomfret, Chinese engineers still can't make the military hardware they need, and as a result they remain dependent on Russian arms.

"They've made remarkable progress in the development of their arms industry, but this progress shouldn't be overstated," Vasily Kashin, a Beijing-based expert on China's defense industry, told the Post. "They have a long tradition of overestimating their capabilities."

Infrastructure
There was a time when this question would have been laughable, but in its quest to become a powerhouse economy, the Chinese government has poured billions upon billions into improving transportation and utility systems. At the same time, those calling for updates to America's aging infrastructure are hampered by budget concerns.

An example: New York City has big plans to expand its subway system with a Second Avenue line; it may even move on the project soon -- only 90 years after it was first proposed.

But consider this: In 15 years, Shanghai has built 261 miles of subway.
 

csjcsjcsj

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http://www.theatlantic.com/politics/archive/2010/12/the-wussification-of-america/68652/

The Wussification of America

Dec 29 2010, 11:05 AM ET

Updated at 6:20 a.m. on December 29.

Pennsylvania Gov. Ed Rendell, three weeks from the business end of his state's two-term limit on office, isn't going gently, although he thinks America is.

The governor, who moonlights as a football commentator, kicked up a snowstorm earlier this week when he blasted National Football League officials and Philadelphia Mayor Michael Nutter-- a fellow Democrat -- for postponing Sunday's scheduled matchup between the Philadelphia Eagles and the Minnesota Vikings on account of the blizzard that dumped more than a foot of snow on the City of Brotherly Love.

In an interview with National Journal hours before the rescheduled kickoff of what is now the NFL's first Tuesday night game since 1946, Rendell seemed more interested in expanding upon, rather than retracting his controversial remarks. He sees the missed opportunity for a snow game as a metaphor for "the wussification of America," evidenced by a laundry list of irritants, including, but not limited to, the country's sluggish economic growth, the District of Columbia's school-closing policies, and the lengthy medical warnings affixed to the end of pharmaceutical commercials.

"I'll give you an idea of the wussification of America," Rendell said in a phone interview. "Have you ever watched those commercials for the most ordinary product, and after you're through hearing the disclaimers, thought: 'Who in the world would take that product?' ... We're so worried about liability."

A onetime chairman of the Democratic National Committee, Rendell sounded downright Republican as he inveighed against the decision-makers who deprived Americans of a Sunday night football game in the driving snow. "We've got the nanny state; now we've got the nanny NFL," he lamented.

Rendell is ceding nothing to Sarah Palin when it comes to mushing ability. As a young district attorney in the 1980s, "I walked a mile and a half to the office, through 24 inches of snow, and none of it was shoveled," he said. "People don't do that anymore."

The NFL's slavish respect for Mother Nature is a sign of a larger national timidity, the governor added. "Forget this football game; how many times have you seen schools close? Washington, D.C., closes with two inches of snow," he said.

"We've lost our boldness, we've lost our courage, we've lost our pioneer spirit, we've lost our sense of adventure," Rendell continued. "I don't think Americans are willing to take prudent risks anymore. It's symptomatic of the fact that business is reluctant to invest, and they use every excuse in the world.... In the old days, entrepreneurs believed in themselves, they believed in their product -- they would've been out there pumping."

Rendell's rant has made him a celebrity in the closing days of his term. It started last weekend when the NFL pushed the game back two days, leaving fans with a Sunday night devoid of pigskin drama. "Football is a cold-weather sport," Rendell snapped during an interview on Philadelphia's Fox 29. "It should be played unless there are blizzard conditions. This is in no way, shape, or form a blizzard.... It's football. Good Lord."

He then broadened his lament, borrowing some of the outrage -- and a few choice lines -- from Philadelphia Daily News columnist Will Bunch. "We've become a nation of wusses. The Chinese are kicking our butt in everything," Rendell said. "If this was in China, do you think the Chinese would have called off the game? People would have been marching down to the stadium; they would have walked, and they would have been doing calculus on the way down.

"What do you think Lombardi would say?" Rendell added, invoking the five-time championship ring-winning Vince Lombardi, the legendary Green Bay Packers coach and a talisman of toughness.

Since then, the governor has been everywhere -- lighting up the Web with his opening salvo; bullying into snickering submission Philadelphia meteorologist John Bolaris in a Sunday-night interview; popping up on ESPN; being celebrated on blogs for his tough-guy commitment to the game. Among other things, Rendell said he's penning an op-ed for The Washington Times. The list of interview requests, one Rendell aide said, is "a mile long."

The attention comes at an opportune time for Rendell. After leaving office, he plans to continue teaching one night a week at the University of Pennsylvania, appearing on Comcast SportsNet Eagles game-day shows, and is working on a book, but he also wants to "do something more," said his press secretary, Gary Tuma.

The governor says he's "astounded" at the interest he has stirred.

"I wish that my comments about early-childhood education created one-third the amount of interest I've created here," Rendell said.

For the record, his early-education stance is in favor of full-day kindergarten and smaller class sizes.

And, one would think, tackle (and not touch) football during recess.
 
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