IMF pronounces Bulgaria’s banks safe just two weeks before Bank Run

Friday, 11 July 2014 Earlier this summer, IMF bureaucrats went to Sofia, Bulgaria to study the country’s economic progress. And roughly a month ago, they released an official report which stated, among other things, that Bulgarian banks are “stable and liquid.” Talk about epic timing. Because less than two weeks later, Bulgaria’s banking system was…

Eccentric philanthropist is taking 1,000 homeless New Yorkers out to lunch in the hope it will inspire Wall Street to open its pockets

 EEV Note – If you have any love of country left, do not let this happen Article Quotes: – they must sing for their supper – the patriotic ditty Learn from the Good Model Citizen Lei Feng, named after the supposedly selfless People’s Liberation Army soldier hailed by Mao Zedong. – Overseeing proceedings will be 200 Chinese…

EU members consider selling residency to attract wealthy Chinese

Financially troubled EU countries are reaching out to wealthy foreigners – particularly from China – to offer residency in return for investment UPDATED : Thursday, 06 February, 2014, 3:28am Benjamin Robertson and Patrick Boehler Illustration: Sarene Chan Jason Wu of Shanghai says he loves Portugal’s scenery and climate. He admires Europe’s education system. He’s so…

Mexican cartel smuggling cocaine into Hong Kong amid booming demand for drugs / ‘unholy alliance’ between notorious Sinaloa cartel and local triads

EEV CONNECTION – US government had a deal with Mexican drug cartel Sinaloa that allowed the group to smuggle billion of dollars of drugs in return for information on its rival cartels ( Link ) . If confirmed, corruption is now endemic at the highest levels of Government Fears of ‘unholy alliance’ between notorious Sinaloa cartel…

ChinaLeaks: Chinese elite’s offshore accounts exposed in unprecedented leak

Family members of Deng Xiaoping and Xi Jinping, along with Tencent billionaire and China’s richest woman, are among 20,000 people in Hong Kong, the mainland and Taiwan whose offshore holdings have been exposed UPDATED : Wednesday, 22 January, 2014, 11:10am Patrick Boehler patrick.boehler@scmp.com A combined images of some famous billionaires mentioned in the ICIJ report.…

Leaked Records Reveal Offshore Holdings of China’s Elite

        Illustration: Tim Meko By Marina Walker Guevara, Gerard Ryle, Alexa Olesen, Mar Cabra, Michael Hudson and Christoph Giesen January 21, 2014, 4:00 pm Key Findings Government officials and their families and associates in China, Azerbaijan, Russia, Canada, Pakistan, the Philippines, Thailand, Mongolia and other countries have embraced the use of covert companies and bank accounts.…

China tells Japan it would ‘consider cancelling air zone in 44 years’

UPDATED : Thursday, 28 November, 2013, 6:04pm Chris Luo chris.luo@scmp.com Yang Yujun, spokesman for the Ministry of National Defence, briefs reporters at a recent Beijing news conference. Photo: CNS China’s defence ministry on Thursday hit back forcefully at Japan’s objections to its newly-established Air Defence Identification Zone (ADIZ) in the East China Sea that covers…

China’s influence over the media growing globally, says US think tank

PUBLISHED : Tuesday, 22 October, 2013, 9:00pm UPDATED : Tuesday, 22 October, 2013, 9:36pm Patrick Boehler patrick.boehler@scmp.com Africa Live presenter Beatrice Marshall says that through her news show Africans “are telling the story from our perspective”. Photo: AFP China’s government and state-owned companies are putting more pressure on media outlets around the world to prevent…

China and The Art of (losing) War

Benjamin CarlsonOctober 20, 2013 06:05 Follow @bfcarlson For centuries, China’s leaders have relied on Sun Tzu’s masterpiece of strategy. The result? Tragedy, weakness and defeat to inferior forces. These traditional Russian Matryoshka dolls feature Chinese leaders since the overthrow of the imperial Qing dynasty in 1911, through 2002. Sinologist Edward Luttwak argues that the country…

George Osborne: ‘Second-rate Britain’ needs to be more like China

Chancellor dismisses suggestions that China has a ‘sweatshop’ economy and wishes Britain would be more like the communist country Lewis Smith Friday, 18 October 2013 Britain is no longer great, is defeatist and unambitious and needs to be more like China, the Chancellor has said. In an astonishing trashing of his country’s attitudes, George Osborne…

London to become next offshore yuan trading centre after Hong Kong

    Tuesday, 15 October, 2013 [Updated: 5:32PM] Reuters in Beijing Britain’s Chancellor of the Exchequer George Osborne (left) shakes hands with Chinese Vice Premier Ma Kai after a signing ceremony in Beijing on Tuesday. Photo: EPA China will give London-based investors the right to buy up to 80 billion yuan (HK$101.2 billion) worth of mainland…