China, Russia Kick Off Major ‘Island-Seizing’ Drill In South China Sea

THE DAILY CALLER The Chinese and Russian militaries are training to seize islands and hunt down submarines in the South China Sea, in their largest joint operations drill yet. A Russian fleet arrived in Zhanjiang, Guangdong, China Monday for the start of the eight-day China-Russia “Joint Sea 2016” naval exercise, a series of war games which will take place in the South China Sea, reports the Xinhua News Agency. This year’s drill will focus on anti-submarine warfare and island-seizing op...
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China Setting The Stage For Global Financial Order

by Ariel Noyola Rodríguez During the first Annual Summit organized by the Asian Infrastructure Investment Bank (AIIB) in Beijing, China has shown her intention to take over the global leadership in infrastructure investment. By the end of this year, AIIB would have more than 100 members, making it the first lending institution in multilateral loans in history, under the control of the most important emerging countries. Yet, it is expected that she makes the decision of dropping off the Dollar...
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China’s Anti-Terror Law Mandates Tech Firm Cooperation

China passed a new, wide ranging anti-terror law this week that includes provisions requiring telecom operators and Internet service providers to provide technical assistance, including decryption, to government authorities investigating terrorist activities. According to the report by China's official Xinhua news agency, those firms will also be called on to "prevent dissemination of information on terrorism and extremism." Li Shouwei, deputy head of the parliament's criminal law division...
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What China’s Anti-Terrorism Legislation Actually Says

On December 27, China’s National People’s Congress passed the country’s much-debated anti-terrorism legislation. Although the text is still being translated into English, numerous analyses have already emerged, some based on apparently outdated versions of the law. As a service to future commentators, below is a brief analysis—based on the original Mandarin—on which portions of the legislation did, and did not, make the final cut. Foreign observers have been most concerned by Beijing’...
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Stop the Putin Worship! He’s a Former KGB Thug Working for the Bankers

By Dave Hodges Being a former college basketball coach, I marvel at the skill of a good strategist who can carry out a game plan. Vladimir Putin would have been a great college basketball coach, a masterful poker player, great chess player, a top used car salesman and he is an excellent leader of his country when it comes to foreign policy. Putin has made the Federal Reserve, Wall Street and our government look amateurish. If it wasn’t for the fact that Putin has the potential to be one of...
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China Formally Establishes AIIB

The Chinese-led Asian Infrastructure Investment Bank (AIIB) was formally established on Friday, and is expected to be operational by early next year, local media reported Friday."The AIIB is legally established as the Articles of Agreement take effect today," Chinese Finance Minister Lou Jiwei was quoted by the Xinhua news agency as saying. The bank will become fully operational after its board of directors and executive council meet at an opening ceremony scheduled for January 16-18, Xin...
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BRICS New Development Bank Gains Traction Quietly

While Beijing's Asian Infrastructure Investment Bank (AIIB) has won overwhelming support (to the surprise of many, including China itself), another bank headquartered in China seems to be flying under the world's radar. Few people have heard of the BRICS New Development Bank (NDB). This was the strong impression I got after visiting Washington, Sydney and Canberra over the last couple of months. The NDB idea was proposed in 2011 by the Nobel Laureate Joseph Stiglitz, and it initially encou...
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US Fears Losing Greece to Russia

Throughout the prolonged showdown between Greece and its creditors, the Obama administration has largely sat on the sidelines, issuing the occasional warning about the potential economic impact of a default. But with Greece now on the verge of bankruptcy, the US is also beginning to worry about the political fallout from a deeper crisis and the potential for Russia to gain increased influence over a Nato member. As Washington tries to maintain a united western front in support of sanctions on ...
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China, US Sign ‘Rare Agreement’ to Deepen Military Ties

The US and China have signed a rare agreement to strengthen ties and develop a more productive military relationship. However, mistrust still remains, with Beijing saying progress can only be made if Washington respects China’s South China Sea ambitions. The understanding mainly concerns a deepening of cooperation between the two nations, following a meeting between Fan Changlong, the vice chairman of China’s Central Military Commission and US Defense Secretary, Ashton Carter. Fan and US a...
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China Replacing Humans with Robots

This is the first episode in a Bits video series, called Robotica, examining how robots are poised to change the way we do business and conduct our daily lives. Faced with an acute and worsening shortage of blue-collar workers, China is rushing to develop and deploy a wide variety of robots for use in thousands of factories. Waves of migrant workers from the countryside filled China’s factories for the last three decades and helped make the nation the world’s largest manufacturer. But ...
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Shocking UN Child Sex Abuse Claims Emerge

http://www.youtube.com/watch?v=SY6c4gRgy4s The boys said they approached the French soldiers because they were hungry. Some were so young that they didn't quite understand the acts the soldiers demanded in return. One boy, 8 or 9 years old, said he did it several times to the same soldier, "until one day an older kid saw him and told him what he was doing was bad." Another boy, 9, said he thought the soldiers had been urinating. United Nations investigators heard such stories of sex...
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BRICS Nations & the Global Nuclear Power Industry

The BRICS nations (Brazil, Russia, India, China and South Africa) are major drivers for the global nuclear power industry was the unanimous view of the panelists at the 7th ATOMEXPO 2015 held here on Sunday. "Forty out of 76 nuclear power plants under construction are in BRICS. Out of the 358 reactors that are operational in the world 86 are in BRICS," Aleksey Khokhlov, partner, PwC Strategy & Services (Rus) said. Speaking on "Nuclear Power Industry in the BRIC countries" he said: "In ...
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The building of the BRICS bank

Last week, India named veteran banker K.V. Kamath to be the first President of the New Development Bank, popular as the BRICS bank. The focus of this bank will be to invest in infrastructure. Mr. Kamath, 67, is a veteran banker, who was credited with developing ICICI Bank into India’s second-largest lender. He headed the bank for 13 years until 2009 and is now its Non-Executive Chairman. He is also Non-Executive Chairman of India’s second-biggest software services exporter Infosys. What is BRIC...
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Putin and Xi Display Friendship on Victory Day

At first sight, things look very different now. When President Xi Jinping of China took pride of place next to Vladimir Putin of Russia on Saturday, they looked like any other modern world leaders: pragmatic men-in-suits, full of smiles, temporary possessors of power rather than dictators-for-life. Back in 1949, when Chairman Mao Tse-tung paid his first visit to Moscow to celebrate Comrade Joseph Stalin's 70th Birthday, it was a paean of old-school Communism. Children in Yo...
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Asian & African Leaders to form New Rival Bank to IMF

Leaders of emerging countries in Africa and Asia have pushed for the establishment of a new development bank to rival the World Bank. The new bank idea was discussed during the 60th commemoration of the Asia-Africa conference last month in Jakarta, Indonesia. The leaders agreed that, to succeed, the bank must be totally separated from the World Bank and the International Monetary Fund (IMF) because the two could no longer be trusted to fully fund development infrastructure projects. Pre...
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