We have the fourth highest military spending per capita in 2008 (US$1,625/person), according to the chart below from The Economist. The chart is based on data from Stockholm International Peace Research Institute, which said that global military expenditure rose by 4% in 2008 to a record US$1.46 trillion. So much for the recession… Defense budgets… Read More »
朝鲜：大哥，我要核试验中国：恩，知道了，啥时候朝：10中：10？10什么？10天？还是10小时？朝：9，8，7 。。。中：你大爷的！
Wall Street apologist Geoff Colvin has done it again. In his recent Value Driven article (“Sympathy for the Devils“, FORTUNE, May 25), Colvin argued that Wall Street shouldn’t be punished [for the excesses] because “restoring profitability to the banks will require paying bonuses”. He further tried to lay blame for the public outrage on a… Read More »
Here comes Dickhead Cheney again, trying to save his “legacy” (or rather his sorry ass from being tried for crimes against humanity). It’s disheartening to see The Economist pander so shamelessly to the neo-cons: “THE contrast was stark: on the one hand Barack Obama, young, idealistic, wet-behind the ears, and on the other Dick Cheney,… Read More »
If you have been following this blog, you will notice that I haven’t updated for a while. The reason is simple. Access to my Blogger account has been blocked since May 15 by the Great Firewall of China, perhaps in anticipation of the Tiananmen anniversary on June 4. (The proxy server that I have been… Read More »
In his recent Value Driven column (“Chris Dodd Wants to scrap Your Bonus“, FORTUNE magazine, March 16), Geoff Colvin argued that the proposed tough new limits on Wall Street bonuses in the US stimulus package will “inadvertently reward nonperformance and drive talented financiers away from the companies that need them most”. Ignoring the simplistic examples… Read More »