Tag Archives: Asia

U.S. military helicopter crashes in Japan’s Okinawa

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“A U.S. military helicopter crashed on Japan’s southern island of Okinawa on Monday, U.S. Forces in Japan said, an incident which may stoke anger over the concentration of U.S. military bases on the island. Prime Minister Shinzo Abe wants to move the U.S. Marines’ Futenma airbase to a less crowded part of the island, but stiff opposition from Okinawa residents is stalling the plan. Residents of Okinawa, host to the bulk of U.S. military forces in Japan, have long resented bearing what many feel is an unfair share of the burden for the U.S.-Japan military alliance. Many associate the U.S. bases with accidents, crime and pollution.”

http://www.rawstory.com/rs/2013/08/05/u-s-military-helicopter-crashes-in-japans-okinawa/

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Japan nuclear body says radioactive water at Fukushima an ‘emergency’

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“Highly radioactive water seeping into the ocean from Japan’s crippled Fukushima nuclear plant is creating an ’emergency’ that the operator is struggling to contain, an official from the country’s nuclear watchdog said on Monday. This contaminated groundwater has breached an underground barrier, is rising toward the surface and is exceeding legal limits of radioactive discharge, he told Reuters. Countermeasures planned by Tokyo Electric Power Co are only a temporary solution, he said. Tepco’s ‘sense of crisis is weak,’ Kinjo said. ‘This is why you can’t just leave it up to Tepco alone’ to grapple with the ongoing disaster.”

http://www.rawstory.com/rs/2013/08/05/japan-nuclear-body-says-radioactive-water-at-fukushima-an-emergency/

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Gold imports jump 102% in Pakistan; ban imposed

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mineweblogo4

“Following the Indian government’s decision to discourage gold import by imposing 8% duties, buyers have reportedly shifted to Pakistan where the precious metal is allowed to be imported duty free since 2001. An official handout by Pakistan’s Economic Coordination Committee (ECC) of the Cabinet, headed by Finance Minister Ishaq Dar, has noted that there have been serious apprehensions that the duty free import of gold is being abused by unscrupulous elements.”

http://www.mineweb.com/mineweb/content/en/mineweb-political-economy?oid=199685&sn=Detail

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India July silver imports highest in 5 years

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“Silver imports in July 2013 are the second highest in any month in the last five years.  On the other hand, gold has seen a steep decline in imports in June (only 8.908 MT) compared to 37.618 MT in May, the second lowest in last five years. Experts say traders are importing more silver because of trade restrictions on gold by the Government of India since June 3. The decrease in silver prices over the last three months is also driving imports. ‘Due to restrictions on gold, these figures were expected and traders are waiting for gold prices to fall further before they start buying,’ said Kishore Javeri of Javeri and Company.”

http://articles.timesofindia.indiatimes.com/2013-08-02/ahmedabad/41006340_1_silver-imports-gold-imports-world-gold-council

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500,000 Indian workers lose jobs as jewellers curb gold imports

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“Vijay Gopal, a goldsmith at one of India’s leading branded jewellery manufacturing unit in Coimbatore, lost his job last month. ‘Since last three decades I was working in this market and never felt the need to learn any other skill. I am clueless on how I will feed my family of six,’ said Gopal.  Gopal is not alone.  The government’s move to tighten the screws on gold imports, and the decision by major jewellers such as Tata Group’s Tanishq, TBZ, Geetanjali Jems and others to curb gold sales, have caused some collateral damage: a cloud over the future of industry workers.  Mrityunjay Sarangi, secretary, ministry of labour, refused to comment on the issue.”

http://www.hindustantimes.com/business-news/Markets/500-000-workers-lose-jobs-as-jewellers-curb-gold-imports/Article1-1102555.aspx

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State Sponsored Terrorism: Another Anniversary

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“August 6 marks the 68th anniversary of a truly horrific example of state sponsored terrorism.  It was on this date that the United States government dropped a nuclear bomb on the city of Hiroshima, Japan.  This was followed by an even more callous example of state sponsored terrorism three days later, with the nuclear bombing of Nagasaki.  There was no military reason for these acts of state sponsored terrorism.  This military myth has been exposed for the lie that it is.  Don’t take my word for it: ask Admiral Leahy and General Eisenhower.  That the myth persists is a testament to the indoctrination schemes of public education and mainstream media.”

http://bionicmosquito.blogspot.com/2013/08/state-sponsored-terrorism-another.html

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South Korea’s $4 Million Teacher

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“Tutoring services are growing all over the globe.  But nowhere have they achieved the market penetration and sophistication of hagwons in South Korea, where private tutors now outnumber schoolteachers.  The bulk of Mr. Kim’s earnings come from the 150,000 kids who watch his lectures online each year.  For decades, the South Korean government has been trying to tame the country’s private-education market. Politicians have imposed curfews and all manner of regulations on hagwons, even going so far as to ban them altogether during the 1980s, when the country was under military rule. Each time the hagwons have come back stronger.”

http://online.wsj.com/article/SB10001424127887324635904578639780253571520.html

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Protest over Taiwanese military conscript’s death draws 100,000

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“More than 100,000 Taiwanese people took to the streets Saturday in protest over the death of a young conscript who was allegedly abused in the military. Protesters rallied at a square near the presidential office in Taipei, mostly dressed in white — a colour symbolising truth in local culture. It was the second mass protest since Corporal Hung Chung-chiu died of heatstroke on July 4 — apparently after being forced to exercise excessively as punishment for taking a smartphone onto his base — just three days before the end of his compulsory year-long military service.”

http://www.rawstory.com/rs/2013/08/03/protest-over-taiwanese-military-conscripts-death-draws-100000/

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Confusion, not regulation the major dampener for Indian gold demand

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mineweblogo4

“While it is likely that imports will be dampened as a result of the new regulations, at least part of the reason for that will be because of the sheer confusion as to exactly what is going on. As UBS explains, ‘The difficulty is that the new regime appears quite complex from implementation and logistical standpoints. How exactly are customs authorities going to track all this flow and ensure that all the required quotas are met? Where will the bonded warehouses be located? Will there be enough warehouse capacity in necessary locations? How does this new framework fit in with participants’ business models in terms of logistics and distribution?'”

http://www.mineweb.com/mineweb/content/en/mineweb-whats-new?oid=199387&sn=Detail

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Indian central bank has debased the rupee 99% vs the dollar; no hope in next Guv too

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“The rupee has lost almost 99 percent of its value against the US dollar since 1947 when the rupee was at parity with the dollar. The dollar itself has been no great paragon of virtue and has lost 98 percent of its value against gold in the same period  ($35/ounce in 1947 to around $1,330 today). So to state the the RBI has decimated the value of the rupee would actually be an understatement of sorts. But it continues to amaze me when I see the RBI Governors being extolled to the realm of divinity by the media. ‘Headless Chicken’ would be a much more appropriate description of how they have performed over the last few decades.”

http://www.firstpost.com/economy/the-bond-bubble-bursts-how-mr-market-has-humbled-the-rbi-990653.html

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