Monday, December 08, 2008

Jim Rogers on rise of China

Economist and investor Jim Rogers speaks in the Netherlands about the economic rise of China.

He thinks it's possible that China's markets have bottomed, but whatever the case, he sees the Chinese as among the world's best capitalists, if not the best, despite being a communist country. Rogers is teaching his daughters Chinese and lives in Singapore.

Personally, while I think China may indeed be the most important single economic power in the future, we will see a trend were regions rather than nations set the trends. Thus blocks like the Asian Union, European Union, etc. will be important to watch.


Saturday, December 06, 2008

Dalai Lama to meet Nicolas Sarkozy in EU

The Dalai Lama will meet with France's President Nicolas Sarkozy in Poland amidst protests from China.

France holds the presidency of the European Union and Sarkozy is in Poland to meet with Eastern European members of the EU on climate change goals.

Beijing canceled an EU-China meeting last week and has threatened to cut multi-billion-dollar bilateral trade deals. Groups in China have also called for boycotts of French products. The Dalai Lama has called for "genuine autonomy" for Tibet and insists he is not a "separatist." He advocates "strictly non-violent methods" in his campaign.

Sarkozy would be the first leader to meet with the Dalai Lama while holding the EU's rotating six-month term as president.



BBCSerbian.com

Dalai Lama to meet Sarkozy in EU
BBC News - 1 hour ago
French President Nicolas Sarkozy is to meet the Dalai Lama in Poland, in a move that has angered Beijing. China has warned France that multi-billion-dollar bilateral trade deals could be harmed if the meeting with the Tibetan spiritual leader goes ...
Sarkozy set to meet Dalai Lama Aljazeera.net
France's Sarkozy meets Dalai Lama as China fumes Sydney Morning Herald

Friday, December 05, 2008

India and Russia ink nuclear deal

After cementing an agreement with the United States for nuclear reactors earlier this year, India signed a nuclear pact with Russia for four new nuclear power plants.

Russia has built reactors for India in the past and is the main supplier of high tech weaponry for India's armed forces. The two signed a deal for 80 military helicopters and for more work on nuclear-powered submarines.

India is a massive country experiencing rapid growth but has few petroleum resources. However, India has major uranium and thorium reserves and is pursuing nuclear power to meet its energy needs.



Chandigarh Tribune

India: Nuclear Deal With Russia
New York Times - 2 hours ago
By REUTERS President Dmitri A. Medvedev signed agreements Friday to develop new nuclear plants in India. India had earlier signed a nuclear pact with the United States.
Video: Russia and India strike nuclear deal RussiaToday
India-Russia nuclear deal signed BBC News