Cash-Cow Monday
(belle lundi)
If you love God, you hate money.
Your success in business must be to show glory of God.
So, Christians often eat a bull or a cow.
SECTION I: 20 American Companies Valued at $100+ Billion
US Company....-.....Total Market Value
1. Exxon Mobil...-...$471 billion
2. Microsoft...-...$249 billion
3. Wal-Mart Stores...-...$231 billion
4. Johnson & Johnson...-...$199 billion
5. P&G.....-...-...$192 billion
6. IBM.....-...-...$192 billion
7. AT&T...-...-...$184 billion
8. Apple..-...-...$174 billion
9. GE.....-...-...-...$192 billion
10. Google...-...-...$166 billion
11. Chevron...-...-...$165 billion
12. Roche...-...-...$160 billion
13. Cisco Systems...-...$151 billion
14. Coca-Cola...-...-...$137 billion
15. Oracle...-...-...$131 billion
16. Intel.....-...-...$127 billion
17. Pfizer.....-...-...$127 billion
18. Hewlett-Packard...-...$123 billion
19. Verizon...-...-...$108 billion
20. Pepsi Co...-...-...$105 billion
(As of August 2009; Figures reconverted to the dollar from yen data at 80 yen/dollar;
http://ameblo.jp/hukumenanalyst/entry-10540205057.html )
As you suspect, they can lower the American unemployment by half to 5.0%, in my feeling.
But, how many workers in total have they employed in China?
SECTION II: U.S. Liquidation & Contraction of Credit
If a bank lends you $5 million, you can surely put it into the foreign exchange market to take back $5 million plus $400 in a month or so.
If a bank lends you $500 million, you can surely put it into the foreign exchange market to take back $500 million plus $40,000 in a month or so. Over a year, you may earn 480,000 dollars.
What breaks this dream of yours is your lack of credit.
But, as this dream scheme was broken with Lehman Brothers in September 2008, American consumers have lost credit to be in a state of being debt-strapped. When they return all the debts to financial institutes, they might enjoy power of credit again. But, it looks like taking a generation or more.
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Props to BR; Bond Bubble; Deleveraging
By Invictus - June 21st, 2010, 10:14AM
...The real problem is that the economy remains mired in a debt-deflationary cycle from which the only way out is through paying down the debt. Nomura chief U.S. economist David Resler says that, even after households paid down debt for the seventh straight quarter in the first quarter, the process still has a long way to go. That, even with a $374 billion reduction in household borrowing from its peak of $13.9 trillion in the second quarter of 2008, with most of the drop coming in mortgage debt.
http://www.ritholtz.com/blog/2010/06/props-to-br-bond-bubble-deleveraging/
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According to a Japanese female economist, the level of total American private credit will be eventually half of that before 2008.
The total energy American households consume must be also reduced to half.
The total amount of cheeseburgers American households consume must be also reduced to half.
But, can the total American military power be also reduced to half? If so, what will happen? The Great Depression was indeed better than WWI and WWII.
SECTION III: A Taiwanese Comment
So, I tried a search using multi-key words "Senkaku Ming Ching Ryukyu" in Google.
Then I found a site:
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Yglesias » The Not-So-Great Game
5 Nov 2010 ... Tell that to the Uighurs, Tibetans, Hui, Min, Manchurians, Mongolians, … .... who was explaining to an AP interviewer why the Senkaku Islands, ... particularly when the kings of the Ryukyus [acceded to the ... So during the process, there were dozens of special envoys sent by the Ming and Ching ...
http://yglesias.thinkprogress.org/2010/11/the-not-so-great-game/
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It argues China's possible ambition for territorial expansion and Russia's complicated worry about it.
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Nov 5th, 2010 at 12:31 pm
The Not-So-Great Game
...I suppose this is like how if Communists take over South Vietnam next thing you know they'll be running Malaysia, Indonesia, the Philippines and probably Australia and Japan to boot.
I would say that one of the major lessons of the past fifty years has to be that it's extremely difficult to coercively dominate foreign populations who have nationalist objections to your rule. It's not impossible, but it's damn hard and the government of China would need to be pretty crazy to want to try to govern Kazakhstan. Crazy things do happen—look at Iraq—so I don't think it's totally safe to assume that the Chinese won't ever do anything crazy. But part of the craziness of any course of action along these lines is that Russia would have any number of low-cost ways to make things difficult for China by sending supplies and weapons across the very long and hard to police Kazakh-Russian border...
Much like with the idea that the Taliban somehow poses a threat to Russia, there just seem to be a group of people in the Russian security establishment who really want to be involved in the former Soviet Republics. This desire is leading them to hallucinate a whole host of possible threats...
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Showing 30 comments:
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I fear that the Russians well understand China, and American liberals don't. I'd like to quote the statement of President Ma Ying-jeou of the ROC on Taiwan, who was explaining to an AP interviewer why the Senkaku Islands, currently part of Japan, should belong to China.
"Well, on the East China Sea, for instance, the Diaoyutai or Senkaku [Islands], they were actually discovered and named by the Chinese more than 600 years ago, and during the process, they were used as navigation aids and that included the sea defense of Ming and Ching dynasties, ironically, against the Japanese. There are many historical records, particularly when the kings of the Ryukyus [acceded to the throne], they actually paid tribute to mainland China, to the Ming and Ching dynasties, for almost 500 years. So during the process, there were dozens of special envoys sent by the Ming and Ching courts to officiate their inauguration, so there were [many] historical records on using those islands."
Ma, who is an ardent right-wing Chinese nationalist ideologue, is one with everyone in the Chinese right on this: he thinks the Senkakus are part of Okinawa and thus belong to China because [drumroll] Okinawa belongs to China. I have got the lecture on Okinawa belonging to China from scores of Chinese right-wingers, and I suspect the feeling must run deep throughout the Han population. A prominent scholar recently published this claim in the Beijing press to official approval.
Just last month China's map service (its answer to GoogleMaps) started showing that Arunuchal Pradesh is part of China, although it is Indian territory. The reason is that it is populated by ethnic Tibetans and since China has conquered Tibet, all ethnic Tibetans are Chinese, everywhere they may be. Think about what kind of mentality could evolve that claim, Matt.
Then start thinking to how this principle might apply to central Asia.
China is in the midst of a long-term project to get post 1911 China identified with the Qing dynasty, actually an empire run by the Manchus which included what had been Ming China plus all or part of many states around it. They base their claim to a number of areas on the fact that they were Qing holdings -- Taiwan is an example of this. This nonsense is as if Ankara were claiming Serbia, Egypt, Jordan, and Saudi on the grounds that they had been part of the Ottoman empire. We would reject that if the Turks did that, but when China does it, we regard it as normal.
In the Chinese mind anybody who at anytime ever paid tribute to the Qing court is a possible victim of the current wave of Chinese expansionism. That would include any number of Khanates in central Asia, which may have sent gifts (tribute!!!). I suggest you dial up maps of the Qing dynasty's holdings through different periods and then use your imagination, Matt. What will the Chinese claim?
This leads me to conclude that it is not that the Russians are paranoid, Matt. Rather, it is that you, like almost all westerners, really do not understand how the Chinese nationalists think, and about what kind of history is being made as we speak.
http://yglesias.thinkprogress.org/2010/11/the-not-so-great-game/
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The Senkaku Issue is not only for Japan's interest but also for interest of the free and democratic world that needs prevent China from violently behaving on the earth with its 1.3 billion population and quasi-world No.2 GDP.
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When I read some about the history of the Sumerian Civilization, I was surprised that there were so many vivid human activities and a variety of civilized work before the era of Abraham.
The history of Sumerians could tarnish glory of Abraham, at least, in terms of history of mankind, since Abraham was not even from ancient Egypt.
I do not think it is very reasonable for any Christians, Judaists, and Muslims to think that Abraham was just a son of the chief of a nomad clan having lived around a great city called Ur situated in the middle of the Sumerian Civilization.
One of the reasons why Christianity, Judaism, and Islam cannot prevail the world as the God wished is that all of the Christians, Judaists, and Muslims think that Abraham was just a son of the chief of a nomad clan having lived around a great city called Ur situated in southern Mesopotamia 4000 years ago, namely 2000 years before the birth of Christ Jesus.
To find any historical and archaeological evidence that links Abraham to Sumerians is one of the most important academic challenges for mankind.
So, I recommend President Mr. Barack Obama to send 1000 researchers to Iraq, since Iraq seems to be from Urq, another key city near Ur in the era.
If you happen to meet the President in Tokyo or Yokohama this weekend, please say so.
(http://www.youtube.com/watch?v=Aus1PA5-SyI&feature=related
A roller skater is not necessary a Chaplin...)
Heb 11:7 By faith Noah, being warned of God of things not seen as yet, moved with fear, prepared an ark to the saving of his house; by the which he condemned the world, and became heir of the righteousness which is by faith.
Heb 11:8 By faith Abraham, when he was called to go out into a place which he should after receive for an inheritance, obeyed; and he went out, not knowing whither he went.
Heb 11:9 By faith he sojourned in the land of promise, as in a strange country, dwelling in tabernacles with Isaac and Jacob, the heirs with him of the same promise:
Heb 11:10 For he looked for a city which hath foundations, whose builder and maker is God.