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Generational Dynamics Web Log for 25-Jul-2011
25-Jul-11 World View -- Asian stocks fail to crash

Web Log - July, 2011

25-Jul-11 World View -- Asian stocks fail to crash

China public furious at government incompetence in train disaster

This morning's key headlines from GenerationalDynamics.com.

Asian stock markets fail to crash after debt ceiling talks collapse

Washington politicians predicted that Asian stock markets would crash if a debt ceiling agreement was not reached by Sunday afternoon. But no agreement was reached and as of this writing on Sunday evening, Asian stock markets have fallen 0.8%, but have not crashed. From the point of view of Generational Dynamics, a panic and crash will occur when it's least expected. Bloomberg

China public furious at government incompetence in train disaster

Rescuers clear wreckage at crash site (Rex Features)

Rescuers clear wreckage at crash site (Rex Features)

China's government run news service says that "substandard construction and lax safety supervision" have threatened people's lives in some regions of the country, in an article on Saturday's disastrous bullet-train accident, killing at least 35 people, and injured 200. One high-speed train rear-ended another train that had lost power and stalled, after allegedly being hit by lightning, on a bridge near the city of Wenzhou in Zhejiang province. Four coaches from one of the trains was fell off the bridge. Xinhua

China's bloggers are expressing fury, as stories of the details of the accident come out.

"Specifically, one train (D3115) was struck by lightning and lost power. Stopped on the track, it was then impacted by the train behind it (D301) on the same track. The trains were apparently not in communication with each other because despite operating on the same tracks, they were administered by two different railway bureaus. D3115 was administered by the Shanghai Railway Bureau, and D301 by the Nanchang Railway Bureau."

Not only is this massively incompetent, but furthermore, lightning strikes are a common occurrence, and they should not have stopped the train. Bullet trains in France and Japan have a much better safety record. "If nothing else, I suppose this accident in China will once and for all dispel the rumors that China copied their high-speed train from Japan’s." China Geeks

China sees investment opportunities in Greece

Thanks to Greece's debt crisis, and the need to privatize and sell off assets, China sees a good opportunity to invest in Greece. Kathimerini

Pakistan's spy agency watching and intimidating Pakistanis in US

Operatives of Pakistan's military spy agency, the Inter-Services Intelligence (ISI) agency, working in the U.S., have been posing as FBI agents to stalk and intimidate Pakistani journalists, scholars and others living here. Boston Globe

Spain's 'Indignant' austerity protesters walk across country

Protesters in Madrid (AFP)

Protesters in Madrid (AFP)

Thousands of Spain's "Indignant" protesters have been braving 100+ degree temperatures and walking across the country on foot for weeks, before arriving in Madrid on Sunday. They're protesting unemployment and the economic crisis. AFP

UN delays flotilla report as Israel considers apologizing to Turkey

The UN report on the "Freedom Flotilla" that was intended to break Israel's sea blockade of Gaza but instead ended up in a military confrontation with Israel that cost the lives of nine Turkish activists, is being delayed again. The report had been delayed twice before, and was scheduled for release on Wednesday, before this latest postponement. The postponement was requested by Israel to give them more time to negotiate with Turkey over the apology that Turkey's Prime Minister Recep Tayyip Erdogan has demanded, to normalize relations between the two countries. Israel's nationalistic Foreign Minister Avigdor Lieberman had previously threatened to walk out of the coalition government led by Prime Minister Benjamin Netanyahu, but on Sunday Lieberman backed off from that threat. Haaretz

(Comments: For reader comments, questions and discussion, see the 25-Jul-11 World View -- Asian stocks fail to crash thread of the Generational Dynamics forum. Comments may be posted anonymously.) (25-Jul-2011) Permanent Link
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Generational Dynamics Web Log for 25-Jul-2011 25-Jul-11 World View -- Asian stocks fail to crash

Asian stock markets fail to crash after debt ceiling talks collapse

China public furious at government incompetence in train disaster

China sees investment opportunities in Greece

Pakistan's spy agency watching and intimidating Pakistanis in US

Spain's 'Indignant' austerity protesters walk across country

UN delays flotilla report as Israel considers apologizing to Turkey

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Generational Dynamics Web Log for 25-Jul-2011
25-Jul-11 World View -- Asian stocks fail to crash