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Thread: Events in Asia thread...

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    Events in Asia thread...

    to balance out the rather numerous mid east threads here

    1. Japan politics recieved a bombshell yesterday when Ichiro Ozawa left the ruling Democratic Party with around 30-40 parlimenary members, which would be close to 1/3 of the entire Ruling party's seats and around 1/6 of the total seats. Ozawa has been a highly controversial figuer his entire political career often known as "the destroyer of parties" and it seems like he's up to the same act again... the big controversial debate was Japan wanting to raise it's sales tax from 5 to 10% in an effort to reduce their insane public debt level.

    2. Speaking of Japan, it had shut down almost all it's nuclear reactor over the last few months as a result of the Tsuanami Crisis last year, however as summer rolls in it's becomming impossible to go without what's about 30% of their entire power production so now several are being turned back on again.


    3. It's odd that no one's meantioned it here that last week China's latest manned flight into space sets several records, including the first Chinese female Astronaught, and the first time they were able to dock on their own space station, a huge step foward for them, and certainly puts them much closer to the US in terms of aero tech.

    Another major event was that the Chinese submarine set a new wolrd record for the deepest manned dive in the same week.

    4. In more local news in Taiwan, a cabinet member of the ruling party was arrested and has admitted to corruption charges. obviously a pretty big blow to the ruling party in many ways , since the man arrested was their most capable younger generation politician in Southern Taiwan, where they have historically struggled in, the charge which he confessed to is accepting bribes of around 2 million USD to help a private contractor get a deal with a (mostly public) company for a rather lucrative deal. after said contract expired he asked the contractor for almost 3 million USD to extend the contract which the contractor refused... and then revealed the tapped message of their conversation to the press... obviously the press and opposition are having a field day here.

    On the other hand, it's good to see that a established politician from the ruling party can be taken down so quickly . the news was only revealed last week and he's already in jail and custody and looking at at least 10 years behind bar and a massive fine. so there's at least the merits of this being a pretty good boost to the credibiltiy of the judiciary branch.


    In somewhat related to US news, the US ambassador to Taiwan (not actually called ambassodor due to Taiwan's tricky international situation, but called the director of the American Institue in Taiawn ) William A. Stanton is about to end his term, he says he plans to simply retire and remain in Taiwan as a professor or something like that.

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    Conley (07-03-2012),Rousseau (03-28-2013),wingrider (07-03-2012)

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    Thanks for starting something up on the East RW.....Btw, check out the Science Room I believe I put up a thread on the First Chinese Woman In Space. The Chinese and their talks of setting up a lab in this space station.

    I caught some of the News on the Japan's Nuclear reactors being turned back on yesterday. Course I knew about Stanton.

    If Romneys wins the Presidency do you think he will make Hunstman as SOS?
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    The Japanese debt situation is something I don't fully understand. From what I've read and this is in very basic terms, their debt isn't that bad because it's debt owed to the Japanese people, not at all comparable to say, the debt in Greece where it's owed outside of the country. So if Japan needs to cut it's debt it could easily do so by cutting back on entitlements along with the increased sales tax. Is that about right? Also, since all the debt is in yen they have a much greater degree of control as well.

    "Japan's debt is almost entirely denominated in yen, which Japanese authorities can create at will, even at the risk of future inflation. This is in sharp contrast to the euro-zone debt crisis where no single nation can decide to monetize its debt."

    http://online.wsj.com/article/BT-CO-...02-715531.html

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    What Submarine would that be RW? How can it compare to the Bathascale Sub?
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    Japan: yes almost all of the debt is really just fancy accounting work where their own central bank / public banks "loans" to their own government, which is why it has been able to sustain a debt level to the GDP nearly twice of as high as the what's crippling PIIGS. but many economist still warn that this isn't without limits either, sooner or later invester will also lose confidence in the Yen and you'll have to massively deflate the currency which in itself is questionable since deflation is relative if the world goes on a currency deflation race then the result is basically everyone lose.

    Also, the real problem for Greece isn't that the debt is owned by foreign entity either, it's that they can't dictate the amount of Euro that is printed.... the US debt to GDP ratio and private debt ratio isn't that much better than Greece but it's not really nearly as close to a total implosion.

    For the submarine see
    http://en.wikipedia.org/wiki/Jiaolong_(submersible)

    IIRC, the bathyscape subs' difference with the Jiaolong is that the later can actually move around with a reasonablly degree of effectiveness once down there. where as the bathyscape essentially can only go up or down. of course, it was also made 50 years ago.

    Also, the deep 7000 meter dive happened right at the same time as the astronaught flew into space, and they send communication signals to each other which was obviously pretty interesting..

    As for Huntsmen, I dunno, though i'm still getting harrass...errrr I mean "introduced" by young Mormom missionaries here every once in a while (though less since I moved into a more urban area.) I even got dragged into a LDS church here a few years back... those guys are everywhere heh.
    Last edited by RollingWave; 07-03-2012 at 10:29 PM.

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    Yeah the LDS is all over the place now. Do you know anything much about Hunstman when he was over in China. They say he can speak like 4 or 5 dialects. How do you think the Chinese view him?

    Would you happen to have a pic of the Chinese Sub RW? Didn't have one in your link.

    I heard Branson is working on a Sub that will kinda look like a plane. Which he is saying will be able to manuever around down there.

    So whats the trading like in the East? Meaning are they conducting buisness with each other. Say like Japan and China. What about S Korea? Isn't their economy growing?
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    Was this the Thread you were looking for Trinnity?
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    Quote Originally Posted by MMC View Post
    Yeah the LDS is all over the place now. Do you know anything much about Hunstman when he was over in China. They say he can speak like 4 or 5 dialects. How do you think the Chinese view him?

    Would you happen to have a pic of the Chinese Sub RW? Didn't have one in your link.

    I heard Branson is working on a Sub that will kinda look like a plane. Which he is saying will be able to manuever around down there.

    So whats the trading like in the East? Meaning are they conducting buisness with each other. Say like Japan and China. What about S Korea? Isn't their economy growing?
    Huntsmen: he and the current Chinese ambassador Gary Locke is generally viewed positively, especially in that they talk / live / act a lot less holier than thou compare to their Chinese counterparts (even those of much lower rankings). though there was a joke in China that Huntmens' the "Whity that can speak Chinese" and he was replaced by the "Chinese that can't speak Chinese" (Locke apparently only understands a very limited degree of cantonese and nothing of Mandarin.)

    Pic of Jiaolong from XinHua net


    and from a HK newpaper



    As for trade, of course all the east asian country trade with each other (well other than North Korea) that doesn't mean they don't usually hate each other for one reason or another though but money comes first.

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    on a general level, Japan's busniess has the widest reach in East Asia, though for China Taiwan and Hong Kong are in reality the biggest investors (so the irony is that the open of "foriegn investment" in chinese is in it's biggest part opening "chinese investments" ) Korea is making the most waves in recent years of course but almost eveyone knows that China's going to be huge going foward.

    In the 60s Japanese cars were something of a joke in the US, only that the jokes was spinned on the US carmakes in the insuing decades... likewise even a few years back Hyundai was still the butt end of many Leno jokes but today? not so much... likewise, in a decade or two Chinese brands are likely going to be a significant part of the international car busniess (it already is in China anyway. and the sole fact that new cars are being sold most in China itself is going to lead it down that road)

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    Quite a feat.....their Sub. Kinda looks like the bathascale. Wish ya had a pic of it from the front. Thats one of those things that they could offer me a million dollars and I wouldn't do it. One problem down there and there is no coming back.

    Heya RW that would be interesting about the Chinese Car Manufacturers. Perhaps you can show us some of these Chinese Cars. Makes and Models. I am sure many have not seen them. Don't the Russians have some too? They make a lot of One Seater Cars over there, don't they?
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

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