Economical News 2012

According to Japanese news network reported May 19, the main rivers flowing through the Kanto region of Japan Tonegawa River found excessive formaldehyde levels, on the 19th, Gunma and Saitama Prefecture, Chiba Prefecture, parts of the implementation without water.

According to reports, the Tonegawa River is the main source of drinking water in the Kanto region, yesterday, Saitama Prefecture, waterworks, water purification field first detected more than Japan’s National Institute of Standards (1 liter 0.08 mg) formaldehyde. The initial test results to 1 liter of 0.96 mg, then increased to 0.168 ml. Saitama Prefecture immediately implemented without water.

19, water purification plants in Chiba Prefecture were also detected a liter and 0.098 mg of formaldehyde. To this end, two water purification plants in Chiba Prefecture to stop the water supply, more than 20 million families have been forced without water. In order to ensure public drinking water, Noda City, Chiba Prefecture, Kashiwa City is free to the public distribution of mineral water.

Gunma part of the water purification plants were also detected excessive formaldehyde, and implemented without water measures. At present, the Japanese Ministry of Environment is investigating the cause of pollution and pollution sources.

May 19 – According to foreign news, the North American Aerospace Defense Command (NORAD) said, the U.S. military fighter planes intercepted a small plane two broke into the Group of Eight (G8) summit region at Camp David in the 18th local time.

NORAD said in a statement, these two small aircraft are Cessna (the Cessna) 172 special-purpose aircraft, found its radio communication device can not be used.

The first small plane around 7:03 local time on the evening of 18 North American Aerospace Defense Command F-15 Eagle fighter jets to intercept a small plane then landed in Pennsylvania, York (York) airport.

The second small aircraft at about 7:17 the same evening of being an F-15 fighters and one the HH 60 “Blackhawk” helicopters to intercept. The aircraft subsequently landed in a Pennsylvania pasture on the runway.

The statement also said the North American Aerospace Defense Command, law enforcement agencies are currently these two small aircraft pilot investigation.

Group of Eight summit held at the Maryland presidential retreat at Camp David on May 18 to 19, U.S. President Barack Obama hosted a dinner to meet the heads of Britain, France, Germany, Russia, Italy, Canada, Japan to jointly discuss the international situation and European economic problems. Russian President Vladimir Putin absent from the meeting attended; by the Prime Minister Dmitry Medvedev, on behalf of the emergence of “new faces” of the new French president François Hollande, the Italian Prime Minister Tremonti, Japanese Prime Minister Noda and other popular media attention.

According to British “Daily Mail” reported on May 17, U.S. billionaire Warren Buffett Warren Buffett’s Berkshire Hathaway has announced, will be $ 142 million (about $ 9 billion RMB) cash acquisition of American Broadcasting and publisher Media General’s 63 newspapers. Three years ago, Buffett has said will not acquire any American newspaper.

Berkshire Hathaway company also increased the publisher Media General (also owns 18 television stations) in loans to its 19.9% ​​stake. Buffett said for the newspaper industry, defense, and if the newspaper can continue to provide the information can not be replaced by other media, the future of newspapers is still worth the wait. But these newspapers need to stop providing free online news service. He said: “In a strong sense of community town, nothing is more important than the local newspaper media.”

Buffett’s comments above are very different from their point of view published in 2009, he was told to own its other shareholders, the majority of newspapers are likely to face the prospect of endless loss, because the paper media has lost its original advantages. He said: “For most American newspapers, we have what the price will not buy.”

Greek party joint government talks broke down, the Presidential Office announced on the 15th, Congress must re-election was held on the 17th of next month. Provo, Stephanopoulos said, the central bank governor, the public worries out of the euro will lead to currency depreciation, triggering bank runs, a single day on Monday to withdraw at least € 700 million deposit. As the Greek “retreat” risk rising to 422 billion euros of Greek government bonds held by foreign creditors, but also fear to lose everything.

Greek President Karolos Papoulias on the 16th to meet with the party leaders to discuss the composition of the caretaker government responsible for the formation of re-election affairs. Generally agreed that the second largest party in the radical left-wing coalition will win re-selected, making the situation from deteriorating further, many analysts warned that the re-election means that Greece is gradually moving towards withdrawal with Papoulias to worry about, and the panic will hurt the present, already fragile domestic banking sector.

According to the Reuters news agency reported on the 16th, the European Central Bank has stopped some Greek bank refinancing operations. As yet unknown number of banks affected, but the news that four Greek banks have run out of capital, once the negative equity capital.

The Economist runs serious, will force the authorities to freeze the account and issue a new currency in order to maintain the financial system “survival” will trigger the influx of euros divestment. On the other hand, if the Greek retreat, investor focus will shift to countries such as Italy, Spain, then Germany and other euro countries will inevitably have to take further action to defend the euro.

The president of the International Monetary Fund (IMF), Christine Lagarde, the day before yesterday issued the ultimatum, refers to the Greek “orderly exit” may be increasing. She was referring to Greece can not be achieved to cut the red target and reform, the only two options: First, to provide more assistance and to extend the cut red deadline; is to establish the mechanism of the Greek retreat. She said the IMF to seek solutions to hold a “completely open” attitude, but stressed that the same fundamental position, but also made it clear that few approach, whether an orderly withdrawal, joint decision by Greece and the euro zone. European Central Bank Governor Mario Draghi yesterday show that the strong hope that Greece remain in the euro area.

In addition, the meeting of French President François Hollande, and German Chancellor Angela Merkel wants Greece to stay low, but must be strict compliance with austerity commitment. The poll showed that although the Greeks dissatisfaction with the austerity measures and economic hardship, but most people still want to preserve the euro.

Institute of International Finance (IIF) estimates that, if Greece is “delinking Europe, global fear of loss of up to € 1 trillion, Germany and France alone, they suffered a € 89.8 billion and 66.4 billion euros loss.

Was a stalemate in the Sino-US cross-border audit supervision, the China Securities Regulatory Commission officials on the 17th for the first time in this regard to respond, clearly pointed out that “one country should not custody extended to other countries.

Here at the 37th annual meeting of the International Organization of Securities Commissions, the host of cross-border regulatory issues thrown Jiang Yang, assistant to the chairman of the China Securities Regulatory Commission. The officials immediately said: “should be resolved through mutual assistance mechanisms to regulatory coordination issues.”

Jiang Yang, said that under the framework of the International Organization of Securities Commissions, through multilateral and bilateral agreements to solve the problem of cross-border supervision of collaboration, with the local regulatory authorities, rather than custody extended to other countries, because of the different national circumstances.

The first public forum held the day of the year, Alice Waters, the United States Securities and Exchange Commission officials insinuated a number of countries in cross-border supervision, “uncooperative” accusations. She pointed out that should be shared between countries in the framework of the International Organization of Securities Commissions, the regulatory information, rather than lack of cooperation from the ground of sovereign.

China and the United States over the past year due to the Chinese concept stocks storm are trying to seek cross-border regulatory cooperation, but there has been no breakthrough.

U.S. Securities and Exchange Commission has sued Deloitte Touche Tohmatsu Certified Public Accountants, headquartered in Shanghai, failed to forward in accordance with U.S. law to submit the audit working papers. Deloitte Touche Tohmatsu Certified Public Accountants issued a statement saying, according to the specific provisions of Chinese laws and regulatory agencies, without the permission of the Chinese government, Chinese accounting firms may not directly to any foreign regulatory bodies to provide file. China and the U.S. regulatory system and the concept of divergence is obvious.

“Every country has its own characteristics, and should establish a regulatory system compatible with its national conditions.” Jiang Yang said in the forum to be held on the 17th.

The regulator of holding this view is not only one of him. IOSCO Asia Pacific Regional Committee and Chairman of the Securities and Exchange Board of India, Xi Xinha, capital market regulation is not absolutely fixed standard, each country to establish the most appropriate regulatory system should be based on their needs and ideas.

Jiang Yang’s view, through the framework of the International Organization of Securities Commissions in consultation is an effective channel to solve the cross-border supervision. He said that since October 2007, the China Securities Regulatory Commission and a member of the International Organization of Securities Commissions signed a multi-party agreement, signed 52 memorandum of understanding with 48 countries and regions, is working well.

He said that these memoranda are not legally binding, but has become an important basis of the China Securities Regulatory Commission regulation. Such a framework to promote regulatory collaboration of all parties to promote the effect of law enforcement, to protect the interests of investors.

According to reports, since 2007, the China Securities Regulatory Commission has received 105 countries to help check the application, involving 18 countries and regions, for 72. China Securities Regulatory Commission to bid for the 11 overseas regulatory authorities, completed 10.

April fermentation stocks turmoil highlights the regulatory vacuum in between the two countries. A group of accounting firm was accused of helping the corporate whitewash report, exaggerated profits, played an inglorious role. Due to geopolitical issues, the U.S. regulators have been unable to such accounting bodies for effective supervision.

China and the United States since 2007, began to cross-border supervision of negotiations, but did not make substantive progress. Last year, the July talks, nor fruitless. Analysts believe that the Sino-US audit and regulatory cooperation is facing regulatory philosophy, jurisdiction, and many other practical problem, to reach an agreement the road is not smooth sailing.

Dalian Commodity Exchange yesterday announced the delivery of the relevant amendments to the rules, involving a total of 45 provisions of the Conditions of delivery and settlement rules, the two warrants management approach and designated delivery warehouse management approach five rules changes.

According to reports, amendments to the rules mainly involve the following: First, the abolition of the whole soybean oil tank into and out of corn, soybean positions into the library requirements. DCE found in recent research, the delivery of practice, the seller rail capacity, the impact of price changes of goods and quality inspection, etc., can not guarantee that the press (LP) of the entire warehouse storage; in the entire warehouse is not provided for the minimum delivery unit case, the buyer customer delivery volume is less appropriate for the entire position (cans); at the same time, due to the delivery warehouse need to be reserved for each customer the entire position (tank) capacity, the capacity of wasting a lot of. Therefore, the modified to delete the entire position (LP) into and out of the relevant requirements.

The second is to simplify the delivery warehouse storage of test materials submitted to the procedures. Third, to optimize the relevant provisions of the settlement prediction, delivery forecast is valid for all varieties of unity to less than 30 days; palm oil, soybean oil the prediction deposit increased by 10 yuan / ton to 30 yuan / ton, linear low density polyethylene, polyvinyl chloride forecasting a deposit of 20 yuan / ton to 30 yuan / ton.

Fourth, to modify the management of the relevant provisions of the delivery warehouse qualifications. Fifth, the modified plant library every day to submit to the Exchange of futures products to the library number of relevant provisions.

In addition, amendments to the rules on the part of the business of operating time were modified.

The above rule amendment shall enter into force as of May 17, 2012. For the delivery forecast before May 17, 2012, upon the original rules, regulations valid delivery forecast deposit related matters.

According to the economic voice of “the world financial” reports, “the next 10 years, oil prices may continue to rise, reaching the level of 2 times and no longer fell.” This is the latest thinking of the International Monetary Fund (IMF), the internal research team.

According to the British “Guardian” reported that, while crude oil in the world market price of a barrel, $ 113 (about 713 yuan) historical peak, when the International Monetary Fund Date published a research report. This report is based on “different from the resource constraints will lead to oil output continued to decline,” the geology point of view, that the oil extraction rate will depend on the final product price, the price of oil in the next decade will be almost doubled.

The report notes that the past decade, the results of this study model has been validated, if the prediction of this model is still accurate, “oil prices will continue to rise in the next 10 years to reach the current level of 2 times and will not be dropped.” This will have a profound impact on international trade.

In addition, the International Energy Agency also believes that the current tensions between Iran and the West will make this year, crude oil prices continue to rise. The world economic slowdown caused by less demand for oil is over, oil demand will increase in A week ago, the Organization of Petroleum Exporting Countries (OPEC) also made a similar prediction.

The eurozone central bank governor for the first time publicly about the possibility to exit the European Monetary Union in Greece, mainly because of the Greek cabinet coalition government deadlock, exacerbated by the expectations of default by Greece on the international rescue package. The views of the members of the ECB’s Governing Council, European policy makers are to take seriously the risk of the euro area split. This behavior marks the transformation of the European Central Bank, European Central Bank used to think that the EU Treaty does not allow the country to exit from the euro, which will cause incalculable economic losses.

Previously, the ECB has said the euro zone disintegration will lead to serious economic losses. European Central Bank Governor Mario Draghi said member out of the euro will lead to “grave breaches” Maastricht Treaty “, and the euro area incalculable consequences.

But last weekend, senior officials of the ECB’s attitude greatly changed. The Honorine Han, on the 13th, the Irish central bank governor said: “The signing of the Maastricht Treaty did not imagine things could happen. Technically speaking, Greece withdrew from the euro area led to the negative effects can be managed … It is not necessarily fatal. ”

Luke Cohen, “Financial Times”, the Belgian central bank governor said, “I think the need possible amicable situation, but I will feel sorry.” The Irish central bank governor Patrick the • Huonuo John meeting in Estonia on the week, said, “things may be the direction of the EU Treaty unimaginable, technically speaking, Greece exit the consequences of the euro area can be controlled, may not result in fatal effects, but not attractive.” with the euro area policy-makers expressed their support, the ECB has stepped up to put pressure on Greece, adhere to the international rescue plans developed by the European Central Bank, warned the Greek default would lead to cut off financial support of the outside world.

Bundesbank president Jens Weidmann is also a member of the ECB Governing Council, he was interviewed by German media last week, said that “the consequences for other countries of the euro area, Greece withdrew from the euro area will be more serious.” British Trade Minister Wen Skye Boolean, the United Kingdom hopes that the euro zone the firewall is strong enough, if the European debt crisis spread from Greece and Cyprus, can prevent the crisis from spreading to Italy and Spain. He also said that, if not prevent, this may be a huge impact on the UK trade. On the contrary with the views of this weekend, the European Central Bank Governor Mario Draghi, Mario Draghi, “Financial Times” in December last year showed that out of the euro will lead to a material breach of existing treaties, to the euro area incalculable consequences.

In the Conservative Party, the Socialist Party and left-wing leaders of mutual slander, Greece last Sunday ended negotiations to form a coalition government, will hold a new round of national elections. In the right-wing New Democratic Party leader Antonis Samaras Antonis Samaras said that the radical left-wing coalition had hindered their efforts to break the deadlock after Prime Minister Lucas Papademos summed up the Greek financial situation is deteriorating in the letter was widely distributed at the meeting. President Carlo Los Papoulias of Greece to win parliamentary seats on Sunday with four party leaders held talks.

War hobby mention of disputes between countries love to resort to force, it seems that war is a very fun game, but also once earned not lose the sale. So, we may wish to take a look at a war exactly how much it costs.

Take a look at the Japanese invasion. First look at the loss of manpower. Japanese invaders for a quick fix and the beginning of a war of aggression against China, that is a massive attack. Material according to Japanese statistics, the July aggression against China, the Japanese original Army 17 division, war, both from the rapid military expansion, an addendum to the seven divisions, a total of 24 divisions, 21 divisions to vote war invasion of China, since over 87% of the total strength of its army. 1938, the addition of 10 divisions, a total of 34 divisions. Anxious to solve the “China Incident” in this year, with the exception of a Division (Guards) to stay in a local, a division occupation of Korea, all put into a war of aggression against China, accounting for 94 percent of the Army’s total strength turns out to be out in force. This is rare in the history of international war. Nevertheless, the war against China remain mired in a stalemate situation. In 1939, Japan from the world’s strategic considerations, and had their arms to make new adjustments. Subsequently, the percentage of the invasion forces off within the Army’s share of the Army General has declined, but subsequently the growing Chinese battlefield, the invasion of China, the Japanese troops, is still increasing every year, very heavy casualties.

Look at his financial loss. Japan is such a large-scale invasion of China, material consumption, resource-poor Japan is also facing difficulties. After the start of the war of aggression against the Japanese expenditure increased year by year, 1936 total annual expenditure of 2.282 billion yuan, to the eve of the Pacific War, ie, 1941 year, total expenditure amounted to 11.742 billion yuan, the main items of the expenditure is military spending . In 1938, for example, the Army military budget actually accounted for the same year, the total national budget of 3/4 “. Such a huge military budget, mainly for the war of aggression against the above. According to statistics from the July war of aggression against the outbreak of the Pacific War, the Japanese invasion of the war fees totaling at least more than 21.3 billion yuan, accounting for 70% of the total military spending of the same period, 47.2% of the total expenditure. To raise funds for such a huge military spending, in addition to tax increases, since the beginning of the “July” war of aggression against China. “Until the end of March 1940, the Japanese government issued bonds 176.07240 yuan, more than Japan in the Russo-Japanese War and World War I, issued more than nine times the sum of the military government bonds. The eve of the outbreak of the Pacific War, October 15, 1941, the Japanese terrestrial Tojo Hideki testified that: “Since Japan (July) Incident since hundreds of thousands of dead and injured, bereaved families more than this figure, but more a few endured sufferings of millions of troops and one hundred million nationals in the rear, and the national currency of the fee has reached tens of billions, the loss so heavy, above 1937, the Army plans can not be achieved. Therefore, Japan had to adjust all aspects of its world strategy measures.

It is worth mentioning: Japan so the money for the war, in addition to the people plundered the country inside out, rely on the blood and sweat of the Chinese people, including the Sino-it ask which 200 million taels of silver, the money in Japan to take mainly used for military expansion money, no doubt, especially the navy – Japan each year in the 20th century for naval expenditure budget of more than 15% of the total national budget, and later even up to 26%! . In addition, in the war, Japan has also printed the Chinese money to make money “: In December 1941, shortly after the outbreak of the Pacific War, the Japanese invasion of Hong Kong. The Japanese TOKKO seized the Mint of the National Government in Hong Kong and have not had time movement of the Mint machine. And $ 10 banknotes issued by the Chinese central bank recently printed a number of banknote printing machine seized in Kowloon, Hong Kong Zhonghua. Soon, the Japanese seized in the Commercial Press, the denomination of legal tender of China Bank of Communications semi-finished batch and the printing press, the legal tender coding, dark account the end of the book. In full together with the income were secretly transported to Tokyo Army ninth Institute of Science “, selected the research of someone special. In the second half of 1942, Japan, southeast Asia occupying forces intercepted a small legal tender semi-finished products of 20 billion Bank of China. Later, the German navy intercepted an American merchant ship in the Pacific, seized the United States Mint for the China Communications Bank printing, numbers and symbols printed on only not legal tender semi-finished products of more than 10 billion. From Germany, Japan, to buy back a batch of semi-finished products. At this point, the whole secret of the printed legal tender. From 1939 to 1945, seven years, the Japanese invaders manufacturing fake legal tender $ 40 billion giant, called most of the world of counterfeiters.

Reading in Japan, we might look at the United States money “people” the money spent for war. U.S. war on Iraq, the spending in the war on the things of the world’s attention. The war in Iraq is exactly how much it costs?

Some experts in the “New York Review of Books” to this war just such an account: Gongyi military action itself needs 75 billion to $ 500,000,000,000. The Bush administration costs of the war in Iraq has not yet estimate, mainly because of the uncertainty of war. Perhaps the Bush administration has realized that the United States will pay a high price because the war, so do not want to cause the worries of the American people. As for the follow-up to the United States succeeded in occupying Iraq would need at least five years, and may even take up to 20 years. Therefore, military operations budget of $ 75 billion to $ 500 000 000 000. In addition, the postwar reconstruction of Iraq needs 25 billion to 100 billion U.S. dollars. After the war, the United States may be implemented in Iraq “Western democracy”, the implementation of the Marshall Plan in Iraq reconstruction work in Iraq may need six years. The third part of cost of humanitarian assistance to Iraqi refugees need 1 billion to $ 10 billion. About one million to five million refugees in need of assistance. Iraq by selling oil to solve the above three kinds of expenses? Not. Iraq’s oil production is immediately raised to 3 million barrels a day, the annual income of only $ 25 billion. Most of the money used to import food and medicine. In addition, over 300 billion U.S. dollars in war debt owed in Iraq, very little has been repaid! The United States can pay the bill. The experts also pointed out that: “Over the past 40 years, the United States are ‘kick down the left’, and very little to rebuild the ruins of war. Exemplified by the war in Afghanistan until September 2002, the U.S. war in Afghanistan for the war expenses reached $ 13 billion, only $ 10 million of funds for the reconstruction of Afghanistan and humanitarian aid if the Iraqi army blew up the oil field, then the loss of the war will reach $ 1.6 trillion!

Another algorithm in the U.S. government, the budget provided by the steward of the U.S. government – the U.S. Federal Bureau of the Budget on September 30, 2002 assessment report called the most detailed, least expensive budget. Report the war the necessary funds in accordance with two combat modes were described in detail: the first operational mode is the ground combat. Report that the ground combat troops to 370,000, the main strength of the U.S. reorganization of the five army divisions and five Air Force fighter wings, including the 1500 aircraft, attack 800 transport helicopters, 800 tanks and 60 sea military ships, including two-thirds of the British heavily armored brigades, two-thirds of Air Force Fighter Wing and 21 ships. Scale war spending: in order to dispatch time for three months, the dispatch cost of $ 13 billion. According to two months of sustained combat time, the first month of the operational cost of $ 9 billion, the second month of the operational cost of $ 8,000,000,000, $ 7,000,000,000 withdrawal. Thus, in the case does not consider the post-war reconstruction, the entire cost of the wars of $ 37 billion. The second operational mode is based on air strikes against the main. Report that the air strikes against the forces of combat required investment of 25 million, the main strength of the U.S. military reorganization of Army divisions and 10 Air Force fighter wings, including the 2500 aircraft, the 500 attack transport helicopters, 300 tanks and 60 naval vessels, including the British one-third of a heavy armored brigade, an Air Force Fighter Wing and 21 ships. Spending for the war of this scale: the dispatch fee of $ 9 billion, the first month of the operational cost of $ 8 billion, the second month operational cost of $ 6 billion, the withdrawal of five billion U.S. dollars. Thus, in the case does not consider the post-war reconstruction, the entire cost of the wars of $ 28 billion. Of course, such a large sum of money, not all out-of-pocket. The first Gulf War cost $ 61.1 billion, while the allies contributions of $ 53.6 billion, the United States finally only $ 7.5 billion for the war, according to the economic strength of the United States today, it does nothing.

Regardless of how operators, we can come to the conclusion can only be “the cannon sounds, tons of gold, this era of game play in this game perhaps Japan’s militaristic country or the United States and a veteran of the capitalist countries for just emerged from the Chinese food and clothing towards the well-off, this is really not afford not to the play of the game.