China’s Asian Bank may herald a new world order

•November 25, 2014 • 7 Comments



Beijing has drawn in 21 countries so far in an ambitious plan to meet the $8-trillion budget for Asia’s development

Since the 2008 economic meltdown, Europeans and the Americans have been asking the Chinese to contribute more to the Bretton Wood institutions. But, in turn, the Chinese have been demanding reforms to the hegemonic system of management and voting rights in these institutions that favour the Americans and the Europeans. Both appeals have mainly landed on deaf ears.

Now the Chinese have decided rather than using their enormous financial reserves to prop up a world economic order that does not give them a say in its governance procedures, they will set up their own institutions. Many of the emerging nations seem to agree with China.

In July this year, the BRICS (Brazil, Russia, India, China and South Africa) announced the formation of the BRICS Development Bank with a reserve fund of $100 billion that aims to strengthen the global financial safety net. Last week, at the Asia Pacific Economic Cooperation (Apec) meeting in Beijing, China announced the launch of the Asian Infrastructure Investment Bank (AIIB) with an initial Chinese investment of $50 billion.

The Chinese have been working on the idea for over a year and lobbied many of the regional government to join. In spite of heavy US pressure, 20 other Asian and Gulf states signed the MOU on October 24 in Beijing to set up the bank, that will begin to function at the end of 2015.

India, which may have buckled to US pressure a year ago, has enthusiastically embraced the new bank under Narendra Modi’s leadership and hinted at a substantial contribution to its capital. Staunch US allies Singapore, Philippines, Qatar and Kuwait have joined in. Only South Korea and Australia have caved into US pressure and not signed in, while Japan don’t seem to have been invited.

Just over a week after taking office, Indonesia’s new president Joko Widodo overturned a decision of his predecessor and told the visiting Chinese Foreign Minister Wang Yi on November 5 that Indonesia will also sign the MOU. Now Australia’s Prime Minister Tony Abbot says that his country is also keen to join the new regional bank.

The 21 founding members of the AIIB are Bangladesh, Brunei, Cambodia, China, India, Kazakhstan, Kuwait, Laos, Malaysia, Mongolia, Myanmar, Nepal, Oman, Pakistan, Philippines, Qatar, Singapore, Sri Lanka, Thailand, Uzbekistan and Vietnam. Indonesia will also join this list.

The purpose of the AIIB will be to provide infrastructure development funds to countries in the Asian region that was earlier dominated by the Japan, Australia and US dominated Asian Development Bank (ADB).

Estimates have put the infrastructure development needs of the Asian region up to 2020 at $8 trillion with Indonesia alone needing $230 billion. The existing institutions were not supposed to provide this unless China was willing to invest its huge reserves.


this is in direct opposition to the world bank, ADB and the IMF..and it will happen..the AIIB will be the friend of emerging countries who dont want to be owned by the western bureaucracies..but will this be any different when all the dust settles?

“the Chinese have been demanding reforms to the hegemonic system of management and voting rights in these institutions that favour the Americans and the Europeans.”

and i guess they lost patience?


Iran nuclear talks: Diplomats ponder extending deadline

•November 25, 2014 • 3 Comments


Foreign ministers trying to reach an agreement on Iran’s nuclear programme are considering extending negotiations, as Monday’s deadline for a deal looms.

The diplomats still report “serious gaps” at the talks in Vienna, and may look to agreeing an interim framework.

The six nations – the US, UK, Russia, China, Germany and France – want Iran to curb its nuclear program in return for the lifting of UN sanctions.

Iran says it is not seeking nuclear weapons, but wants atomic energy.

It says its nuclear program is solely designed to provide peaceful, civilian projects.

On Sunday evening, the so-called P5+1 group and Iranian officials said they were discussing the possibility of extending the negotiations, as a comprehensive agreement was still far away.

Significant differences reportedly remain over the scope of Iran’s uranium enrichment programme and the timing of sanctions relief.

A senior US state department official told reporters: “Our focus remains on taking steps forward toward an agreement, but it is only natural that just over 24 hours from the deadline we are discussing a range of options… an extension is one of those options.”


and its a fail..placed into the to hard basket..

such a waste of money and time..iran is not making a wants to have nuclear energy like countries around it..

401 computer spying bug discovered by Symantec..”one of the most sophisticated pieces of malicious software ever seen”

•November 25, 2014 • 8 Comments


A leading computer security company says it has discovered one of the most sophisticated pieces of malicious software ever seen.

Symantec says the bug, named Regin, was probably created by a government and has been used for six years against a range of targets around the world.

Once installed on a computer, it can do things like capture screenshots, steal passwords or recover deleted files.

Experts say computers in Russia, Saudi Arabia and Ireland have been hit most.

It has been used to spy on government organisations, businesses and private individuals, they say.

Researchers say the sophistication of the software indicates that it is a cyber-espionage tool developed by a nation state.

They also said it likely took months, if not years, to develop and its creators have gone to great lengths to cover its tracks.

Sian John, a security strategist at Symantec, said: “It looks like it comes from a Western organisation. It’s the level of skill and expertise, the length of time over which it was developed.”

Symantec has drawn parallels with Stuxnet, a computer worm thought to have been developed by the US and Israel to target Iran’s nuclear program.

That was designed to damage equipment, whereas Regin’s purpose appears to be to collect information.


“It looks like it comes from a Western organisation. It’s the level of skill and expertise, the length of time over which it was developed.”

i see..and its attacking russia, saudi arabia and ireland..

“They also said it likely took months, if not years, to develop”

thats state backed..

“It has been used to spy on government organisations, businesses and private individuals”


Bill to have all Russians fingerprinted and DNA profiled submitted to parliament

•November 25, 2014 • 6 Comments


MPs from the populist nationalist party LDPR have prepared and drafted a motion requiring universal fingerprinting and DNA profiling of all Russian citizens for reasons of security.

The main sponsor of the bill is Roman Khudyakov, known for previously wanting the urban population of the country, including visitors and foreigners, to be fingerprinted. This time the lawmaker opted for the “biometrical registration” of all Russians, which essentially means fingerprinting and DNA-profiling of everyone. The information would be held in a central government database and each citizen would be provided with the details on a so called “bio-card.” The bill suggests the setting up of a special federal agency in charge of the biometrical scanning, reporting either to the Interior Ministry or to the Federal Security Service, the FSB.

In comments to the popular daily Izvestia, Khudyakov urged his plan be put into practice as soon as possible saying that it would help law enforcers and society. The politician said that in the near future the program would allow the scrapping of other forms of ID and significantly cut red tape. In addition he assured reporters that ordinary Russians should not fear over the security of their personal data.

All information will be protected. It is like a bank card. We will also toughen the criminal responsibility for officials who have access to the data. When people face three years in prison for leaking the data no one would be tempted to do this,” he said.

Khudyakov also suggests keeping the data for 150 years from the date of collection, and then it would be destroyed. The biometric cards of the dead could be kept by state agencies for the same period of time and then disposed of.

The bill allows for voluntary biometrical registration by citizens, and by parents for their children, in which case the applicants will have to pay for it. However, the procedure will be obligatory and free for all civil servants, law enforcers, military and security personnel, convicts, firemen, rescuers and people applying for a driving license or gun permit. Biometrical scanning will be done for those who want to travel abroad and for foreigners who arrive in Russia and also for many other categories. Experts have noted that if introduced the procedure would cover all Russian residents over age of 14.

At present Russian law enforcers use the Automated Fingerprint Identification System or ADIS to hold data on convicted criminals and military personnel.

The universal and obligatory fingerprinting was suggested by Russia’s top prosecutor Aleksandr Bastrykin in 2010, but lawmakers put off a decision citing the high costs of the system and the need to ensure its legality.


sounds probably is..and it will come to your country as well..via wont even know you are doing it as you use finger scans and other bio-metric indicators for security..and then upload DNA samples for ease of medical issues..


UN: Big Oil, corruption and Islamist weapon sales blight UK-Somalia relations

•November 25, 2014 • 2 Comments

Britain’s relationship with Somalia has come under scrutiny after a report detailing corruption in the east African nation was published by the UN. The Security Council report claims Somalia has traded arms with Islamist militants.

The publication of the document coincides with further questions about the British-Somali relationship after it was reported that a UK firm had obtained licenses from the Somali government to drill for oil.

Green MP Caroline Lucas plans to table questions about the legitimacy of Britain’s ties to Somalia in parliament next month. She is seeking information regarding the government’s response to both allegations of corruption and the UK’s oil investments.

Lucas said the UN monitoring group had “raised some serious concerns” about corruption in Somalia. She voiced anxieties about the “activities that may be undermining the arms embargo, which the UK has formally supported.

She further expressed a wish “to get the facts into the public domain.”

“The allegations relating to the negotiation of oil company deals with the Somali government and exploitation of loopholes in an arms embargo are deeply worrying.”

The UN report, published on October 10, suggests the Somalia-Eritrea Monitoring Group believe Somali army weapons and ammunition are being diverted onto the open market.

In the report, Musa Haji Mohamed Ganjab, whom the authors claim was acting as an advisor to the Somali president, is condemned for his alleged involvement in arms deals with the militant jihadist group Al-Shabaab.

President Hassan Sheik Mohamud denies any links to Ganjab.

The man you call Musa, there isn’t someone called Musa who is my adviser or has ever been in an advisory position in my office,” the Somali president told France24. “I would have liked the monitoring group to clarify where Musa Haji has ever become an adviser to me.”

Gnajab also denied the allegations.

The claims have cast further doubt upon the behavior of Mohamud, who became president in 2012.

The report said: “Underlying corruption as a system of governance has not yet fundamentally changed and, in some cases, has arguably worsened.

“The monitoring group has consistently found patterns of misappropriation, with diversion rates of between 70 and 80 percent. The indications are that diverted funds are used for partisan agendas that constitute threats to peace and security,” the report added.

The UN Security Council partially lifted the arms embargoes on the country in 2013, despite fears among some members of the council it would exacerbate weapons problems in the country. The sanctions were lifted to allow Somalia to gain arms to fight al-Qaida.

Britain, along with other countries, has pledged millions towards the rebuilding of Somalia.

A Foreign Office (FCO) spokesperson said that the UN Security Council had “tightened the compliance requirements” of the partial suspension, and was urging Somalia to improve its compliance.

The partial suspension is designed to allow the government to obtain the equipment needed to develop the national security forces, which are critical for Somalia’s long-term security,” the FCO spokesperson said.

Further damage to the relationship comes as a UK firm has reportedly signed a deal for 12 oil licenses in the country, covering 60,000 square meters.

Soma Oil has invested $37 million in a program to gather and digitalize old seismic information and collect new offshore data.


oil, corruption and islamist issues equal a recipe for invasion and takeover..

“The UN Security Council partially lifted the arms embargoes on the country in 2013″


“a UK firm has reportedly signed a deal for 12 oil licenses in the country, covering 60,000 square meters.”

oh..its all about the pirates..

puntland is the jewel in the crown..


Prescription drug vending machines now being installed on college campuses in America

•November 25, 2014 • 2 Comments


The total insanity of over-medication in America has reached a new low as Arizona State University has installed a prescription drug vending machine called InstyMeds.

American college students — who are already the most over-medicated population on the planet — now have an even easier way to pollute their brains with SSRI drugs, antidepressants, antipsychotics and prescription “speed” amphetamines which are routinely abused by students for final exam cram study sessions.

“School officials didn’t specify exactly what kind of drugs will be available in the machine, but said it would contain 50 medications that are most commonly prescribed to college students,” reports CBS News.

“You know, the things that you’d like to have right now to feel better,” said InstyMeds Vice President Bob Bang, according to CBS News.

No doubt if cocaine were somehow patented by Glaxo Smith Kline, there would also be cocaine vending machines on college campuses by now, too, and marketed as a “performance booster” for students.

I don’t assign any particular blame to the InstyMeds machine company, by the way. The machine looks like a competent invention to bypass the usual inefficiencies found in most pharmacy operations. The real problem with medications in America is found across the culture, in the quack science corruption and criminality of the drug industry, the “give me a pill, doc!” patient mindset, and the “quick fix” mentality where people think they can pop a pill to solve a problem.

An InstyMeds vending machine has been installed on Arizona State University’s campus, allowing any student or university employee to pick up prescription drugs from the dispenser.

Any ASU student or university employee who receives a prescription from ASU health services will be able to simply walk to the school’s Health Services Building and use a voucher with identification to receive their meds, KPNX-TV reports. The prescription drug vending machine fills the service left unavailable after the school’s pharmacy closed in September.

“This is a great solution for students who want to access their medications right after their appointment,” said Christiana Moore, a health services spokeswoman.


so handy..just what the kids need..pharma drugs on demand..i wonder if they accept bitcoin payments?

“the “give me a pill, doc!” patient mindset, and the “quick fix” mentality where people think they can pop a pill to solve a problem.”


Chinese central bank cuts interest rates

•November 24, 2014 • Leave a Comment


China’s central bank succumbed to political and market pressure and cut interest rates for the first time in more than two years, in a sign that the country’s leadership is leaning toward more sweeping measures to bolster flagging economic growth.

The surprise move by the People’s Bank of China late Friday comes after a series of piecemeal easing measures that failed to encourage banks to lend and companies to borrow. Several economic indicators—from investment growth to factory production to retail sales—showed weakness last month. Economists say China could miss its annual growth target—set at about 7.5% for 2014—for the first time since the 1998 Asian financial crisis.

China’s economy, the world’s second-largest after the U.S., grew by 7.3% year-over-year in the third quarter, its slowest pace in more than five years.

On Friday, the central bank said it cut its benchmark one-year loan rate by 0.4 percentage point to 5.6%, making it cheaper for business to borrow in order to hire or expand and marking the first interest-rate cut since July 2012. The PBOC also reduced the benchmark one-year deposit rate to 2.75% from 3% but gave banks greater flexibility to raise deposit rates above that benchmark.

The bank’s move contributed to a surge in global stock markets as well as a strengthening of the currencies against the U.S. dollar in countries anticipating higher demand from China.


“cut interest rates for the first time in more than two years”

trying to spur activity..thats a worrying sign in my opinion..

“Economists say China could miss its annual growth target—set at about 7.5% for 2014—for the first time since the 1998 Asian financial crisis.”

uh huh..



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