Tues 25 August 2009
From the Beijing-based Party magazine Qiushi, translated by David Bandurski of the China Media Project, Hong Kong University:
To keep to the road of peace and development, this is the grand promise China has made to the world. To this end, China has raised high the flags of peace, development and cooperation. It has pursued an independent foreign policy of peace and an open strategy of mutual benefit. It has earnestly practiced what it advocates, with the goal of building a harmonious world of lasting peace and common prosperity. In recent years, China’s path of opening and reform, its unity and initiative, its fairness and friendliness, its honesty and sense of responsibility, have won greater and greater respect in the international community, and led to a more objective, rational and friendly disposition [toward China]. However, China’s efforts and earnestness have met with an international public opinion environment (国际舆论环境) stacked unfairly against it. A small number of Western media have managed to dominate the international news and information order (国际新闻传播秩序), masking the truth, disseminating prejudices, creating through human effort one after another “iron curtain” and “vast divide,” seriously impeding interaction, conversation and mutual understanding between peoples. Read the rest of this entry »
One of the most bothersome questions from 2005 to 2007 used to be whether the Untied States would ultimately submit to inflation or deflation. This is actually the wrong question. Many analysts in my view are incorrect in their conclusion that the US suffers from a powerful deflation episode, since they endorse the wrong definition, confuse effect with cause (as usual), do not properly monitor the money flow, and then draw improper conclusions from prices. They suffer from a type of Keynesian Tunnel Vision. They are confused, and fail to adapt certain key measures after the financial sector highjacked the entire national system in the last two decades. 
In These New Times 