Swedish Meatballs
1 day ago
As most of the world bets on China to help lift the global economy out of recession, Mr. Chanos is warning that China's hyperstimulated economy is headed for a crash, rather than the sustained boom that most economists predict. Its surging real estate sector, buoyed by a flood of speculative capital, looks like "Dubai times 1,000 -- or worse," he frets. He even suspects that Beijing is cooking its books, faking, among other things, its eye-popping growth rates of more than 8 percent.Read More......
"Bubbles are best identified by credit excesses, not valuation excesses," he said in a recent appearance on CNBC. "And there's no bigger credit excess than in China." He is planning a speech later this month at the University of Oxford to drive home his point.
“I’m not known as a social liberal, that’s for sure.’’Brown is opposed to same-sex marriage, even though same-sex couples have been getting married in his state for over five years. And, he's backed away from previous pro-choice views.
Local people clapped and cheered yesterday as hundreds of Africans were moved by police out of a small town in Calabria following clashes in which immigrant farmworkers were shot at, severely beaten and run over.Read More......
More than 300 immigrants were loaded on to buses in the riot-torn town of Rosarno, destined for immigrant holding centres. Meanwhile, an immigrant was shot from a moving car with a pellet rifle, bringing to five the number who have been shot.
The first shooting, last Thursday, provoked a violent protest march by Africans through Rosarno, which left 66 injured. A second immigrant was beaten with metal bars yesterday despite a heavy police presence in and around Rosarno.
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