“There is no judicial basis for this process of impeachment,” Rousseff said. “I am not accused of crimes of corruption, diversion of public funds, nor do I have accounts abroad or any accusations of money laundering.” She said even some members of the opposition are beginning to support her, not necessarily because they agree with her policies, but rather because they see the impeachment push as a threat to Brazil’s democracy.
Source: News from The Associated Press
I have described how recent events in China’s economic trajectory have set off alarm bells for many observers. I have also described how these same incidents, set against a slightly more textured background, are actually nuanced in their implications.China is not imminently in meltdown.None of this is to say China’s economy will continue growing at double digit rates forever. Nor does it argue China’s policy-makers have consistently done the right things. But neither are those policy-makers obviously guilty of incompetence or excessive interventionism.Steep challenges lie ahead. China’s pile of debt is a tricky mix of privatized, local governmental, and national obligations, and there remains considerable uncertainty how this debt hangover will work out. China’s industrial restructuring, its anti-corruption campaign, its transition past the Lewis Turning Point and out of the middle-income trap, and its environmental and demographic challenges all remain daunting. These challenges are substantive and long term, and China’s policy-makers will have to deal with them in a properly measured and considered way.2015.11.03-Marry-Me-for-Chinese-Citizenship-Beyond-ChinatownPerhaps one day China too will be a beacon that attracts humanity to it, the same way the US has done so successfully the last two centuries. That day, however, is clearly not yet here.But China’s exchange rate and stock market gyrations? They have likely already attracted far too much attention relative to substance.
Source: China’s Collapse. Any Day Now | DQ-en
Japanese members of parliament visited a Tokyo war shrine Friday. The ritual will no doubt anger China and South Korea, with memories of Japan’s military record still very raw.
(and the relative of hundreds of thousands of people in South East Asia, US, Australia, New Zealand… of service people who died at the hands of Japanese lead by a government bent on enslaving peoples for their fascist government’s advantage.)
Source: Japanese MPs visit Tokyo war shrine, China and South Korea displeased