World Links 7/16

To Revalue or Not to Revalue, That is the Question Facing China’s Leaders Read this very carefully, then go read the entire article – it’s not that long. Further proof of the ignorant bastards that we put in office who are either too stupid or just don’t give a rat’s ass about anything other than their overinflated ego.
China gets it. CHINA GETS IT! And in more ways than one.

American officials and a wide range of American economists argue that the yuan is significantly undervalued. This market-distorting intervention subsidizes Chinese trade, makes Chinese exports artificially cheap, and causes huge job losses in the U.S., they maintain. The result is an alarming trade deficit with the PRC ($110 billion in 2002 and rising this year), and the concomitant huge buildup by China’s central bank of foreign-currency reserves ($350 billion) and U.S. government bonds ($122 billion). China’s trade imbalance with the U.S. has resulted in Beijing becoming one of Washington’s biggest creditors, and this provides the PRC government significant leverage over its American counterparts. American officials and a wide range of American economists argue that the yuan is significantly undervalued. This market-distorting intervention subsidizes Chinese trade, makes Chinese exports artificially cheap, and causes huge job losses in the U.S., they maintain. The result is an alarming trade deficit with the PRC ($110 billion in 2002 and rising this year), and the concomitant huge buildup by China’s central bank of foreign-currency reserves ($350 billion) and U.S. government bonds ($122 billion). China’s trade imbalance with the U.S. has resulted in Beijing becoming one of Washington’s biggest creditors, and this provides the PRC government significant leverage over its American counterparts.

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Indeed, it is only because a recession is defined by output declines, rather than employment declines, that the U.S. economy is officially in recovery. It certainly does not feel like much of a recovery to most “blue collar” workers.

Holocaust Survivors in Need of Long-Term Hospital Care Strapped for Funds Why is there any question of these survivors being provided for. WHY?!

Itzhak Widder says that his father now weighs the same as when he was liberated from the Mauthausen death camp in 1945 – 41 kilograms. Shalom Widder, 90, has been at Hartzfeld Geriatric Hospital in Gedera for the past month. He has lost the ability to swallow, so relies on an abdominal feeding tube. Two weeks ago, his sons got a bill for their father’s hospitalization - NIS 97 per day.

…But they got a call this week from the hospital’s billing department demanding payment and warning that legal steps would be taken otherwise.

…“My father was deprived all these years. I served the country for 26 years in the army. I was wounded in the Yom Kippur War. Is there no sensitivity? They want to suck Dad’s blood dry,” Itzhak Widder said. Then, he burst into tears.

God, what is wrong with people.

Increase in Rhino Poaching

As per latest figures, Kaziranga shelters around 1,855 of the world’s estimated 2,700 one-horned rhinos in the wilds of Kaziranga. However, considering the past, this figure has seen a firm downfall with constant slaughtering of the giant mammal.

Poachers who kill rhinos inside the park kill just because of the high demands of the rhino horn, which many belive contain aphrodisiac qualities, besides being used as medicines for curing fever, stomach ailments and other diseases in parts of South and East Asia.

Not My Grilz!

The tough economy has people taking drastic measures to pay the bills these days.

While some have been pawning-off old coins or jewelry, others are apparently opening their mouths and saying “ahh.”