Saturday, June 8, 2013

China's Xi Jinping meets with Obama: Will it be a 'Nixon goes to China' moment?

Some hope that it could be.

By Jenna Fisher,?Staff writer / June 7, 2013

Supporters of Chinese President Xi Jinping carry Chinese flags as they wait for the arrival of President Xi in Indian Wells, Calif., Thursday. President Obama and Xi, seeking a fresh start to a complex relationship, are retreating to a sprawling desert estate for two days of talks on high-stakes issues, including cybersecurity and North Korea's nuclear threats.

Jae C. Hong/AP

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President?Obama?and China?s President?Xi Jinping?will meet for at least six hours?this weekend in a rare, informal t?te-a-t?te that some say could reshape the relationship between the two world powers.

Skip to next paragraph Jenna Fisher

Asia editor

Jenna Fisher is the Monitor's Asia editor, overseeing regional coverage for CSMonitor.com and the weekly magazine.

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Not since 1972, when Nixon went to China, have leaders from China and the US sat down for more than a carefully scripted visit lasting more than an hour or so. And Asia-watchers are hoping this unscripted, two-day Sino-US summit ( allowing for an extended six-hour meeting) will have equally dramatic consequences.

?A second great breakthrough in the relationship has become a Holy Grail,? Orville Schell, head of the Asia Society?s Center for US-China Relations in New York, told the Monitor''s Beijing bureau chief, ?Of course it?s hard to do, but that?s their aspiration.?

The Monitor's Peter Ford points out that the second meeting for the two leaders (when Xi was still China's vice president he met with Obama briefly) comes at key time for the US and China:

Strategic trust between the world?s top two economies is at a dangerously low level, worn away recently in a number of ways: Washington has accused Beijing of massive commercial cyberespionage; China is suspicious that President Obama?s military and diplomatic ?pivot to Asia? is a bid to contain the Asian giant?s rise; China has pressed territorial claims and clashed with US allies such as Japan and the Philippines.

Still,?writes the Monitor's Howard LeFranchi in Washington, not everyone is expecting immediate change, particularly if such urgent issues as cybersecurity are not substantially addressed:

Even though the two leaders are expected to discuss everything from military and corporate cybersecurity to?North Korea, territorial disputes in the South China Sea, and US-China trade, the summit?s emphasis on building their personal relationship leaves doubters unimpressed.

?If we actually saw a substantial agreement on countering cyberthreats ? or saw the Chinese throttle back on territorial claims, that would be significant,? says Dean Cheng, a research fellow in Chinese political and security affairs at the?Heritage Foundation in Washington.

For the rest of the story on?the "great new power relationship" between China and the US, click here.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/g-4x4hBOnIY/China-s-Xi-Jinping-meets-with-Obama-Will-it-be-a-Nixon-goes-to-China-moment

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Wednesday, May 22, 2013

Exchange of the Day (Taegan Goddard's Political Wire)

Share With Friends: Share on FacebookTweet ThisPost to Google-BuzzSend on GmailPost to Linked-InSubscribe to This Feed | Rss To Twitter | Politics - Top Stories Stories, RSS Feeds and Widgets via Feedzilla.

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/307577496?client_source=feed&format=rss

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DOTA 2 Breaks Steam Gaming Record - Kotaku

Over the weekend, Valve's DOTA 2 broke the record for most concurrent gamers playing on Steam. It surpassed the previous record set by...Valve's DOTA 2.

On Saturday, 328,713 people were playing the company's still-in-beta MOBA title. At the same time. That's crazy.

Not as crazy as the numbers of its main competitor, League of Legends - which claims to have over 500,000 concurrent players in just one region - but still, impressive.

Steamgraph [via PC Gamer]

Source: http://kotaku.com/dota-2-breaks-steam-gaming-record-508975111

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Manzarek, founding member of The Doors, dies at 74

Ray Manzarek, a founding member of the 1960s rock group The Doors whose versatile and often haunting keyboards complemented Jim Morrison's gloomy baritone and helped set the mood for some of rock's most enduring songs, has died. He was 74.

Manzarek died Monday in Rosenheim, Germany, surrounded by his family, said publicist Heidi Robinson-Fitzgerald. She said the musician's manager, Tom Vitorino, confirmed Manzarek died after being stricken with bile duct cancer.

The Doors' original lineup, which also included drummer John Densmore and guitarist Robbie Krieger, was only together for a few years and they only made six studio albums. But the band has retained a large and obsessive following decades after Morrison's 1971 death. The Doors have sold more than 100 million records and songs such as "Light My Fire" and "Riders On the Storm" are still "classic" rock favorites. For Doors admirers, the band symbolized the darker side of the Los Angeles lifestyle, what happened to the city after the sun went down and the Beach Boys fans headed home.

The Doors' vibe "has more to do with Charles Bukowski than it does with Farrah Fawcett," said John Doe of punk band X, a friend of Manzarek's for more than 30 years, referring to the poet and 'Charlie's Angels' star, respectively. "It has more to do with Raymond Chandler and Nathaniel West, and 'Sunset Boulevard' the movie, than it does with 'Beach Blanket Bingo,' right? ... It's a real dark place out in LA."

Next to Morrison, Manzarek was the most distinctive-looking band member, his glasses and wavy blond hair making him resemble a young English professor more than a rock star, a contrast to Morrison's Dionysian glamour ? his sensuous mouth and long, dark hair. Musically, Manzarek's spidery organ on "Light My Fire" is one of the most instantly recognizable sounds in rock history.

But he seemed up to finding the right touch for a wide range of songs ? the sleepy, lounge-style keyboards on "Riders On the Storm"; the liquid strains for "The Crystal Ship"; the barrelhouse romps on "Roadhouse Blues." The Doors always considered themselves "more" than a rock band and Manzarek, Densmore and Krieger often managed a flowing rapport that blended rock, blues and jazz behind Morrison's self-consciously poetic lyrics.

"There was no keyboard player on the planet more appropriate to support Jim Morrison's words," Densmore said in a statement. "Ray, I felt totally in sync with you musically. It was like we were of one mind, holding down the foundation for Robby and Jim to float on top of. I will miss my musical brother."

The Doors were inducted into the Rock and Roll Hall of Fame in 1993. Their records have been reissued frequently and the band was the subject of a 1991 Oliver Stone movie, "The Doors," starring Val Kilmer as Morrison and Kyle MacLachlan as Manzarek, who complained that the film stereotyped Morrison as a hopeless drunk and also omitted calmer, more humorous times.

The Doors' fame has hardly faded even though they're one of the few groups not to allow their music to be used for commercials, a source of great tension among surviving members. Manzarek and Krieger reportedly supported licensing the songs, and Densmore has resisted. The group also feuded when Krieger and Manzarek formed a new group, Doors of the 21st Century. Densmore objected, and Krieger and Manzarek performed under various names.

Other Doors albums included "The Soft Parade," ''Waiting for the Sun" and their last record with Morrison, "L.A. Woman."

Manzarek briefly tried to hold the band together on the albums "Other Voices" and "Full Circle," neither of which had critical or commercial success. He played in other bands over the years, working with X and Iggy Pop among others. He also wrote a memoir, "Light My Fire," and a novel, "The Poet In Exile," in which he imagines receiving messages from a Morrison-like artist who had supposedly died.

He produced four albums for X, including another landmark album "Los Angeles," and played off and on with the band for three decades. Doe said Manzarek enjoyed his place in rock 'n' roll history.

"He enjoyed people's company greatly. He was always interested in what had been going on with you and he was an incredible teller of stories, a sort of raconteur of spiritualism and wild moments ? 'weird scenes inside the gold mine,'" he said referencing a lyric from "The End."

"Ray loved to talk about and sort of mythologize, but it was all based in truth."

Born and raised in Chicago, Manzarek studied piano as a child and briefly considered a career in basketball. After graduating from DePauw University, he headed west to study film at UCLA. A few months after graduation, he and Morrison met in 1965 on Venice Beach in California. As Manzarek would often recall, Morrison read him some lyrics ? Let's swim to the moon/Let's climb through the tide/Penetrate the evening that the/City sleeps to hide" ? that became the start of "Moonlight Drive."

"I'd never heard lyrics to a rock song like that before," Manzarek told Billboard in 1967. "We talked a while before we decided to get a group together and make a million dollars."

By 1966, they had been joined by Krieger and Densmore and were a sensation live, especially during the theatrical, Oedipal epic, "The End." They were the house band at the famed Whisky a Go Go in Los Angeles before being signed by Elektra Records and releasing a self-titled album in 1967, one of the most talked-about debuts in rock history.

"Well, to me, my God, for anybody who was there it means it was a fantastic time," Manzarek told The Republican in Massachusetts during an interview last year. "We thought we could actually change the world ? to make it a more Christian, Islamic, Judaic, Buddhist, Hindu, loving world. We thought we could. The children of the '50s post-war generation were actually in love with life and had opened the doors of perception. And we were in love with being alive and wanted to spread that love around the planet and make peace, love and harmony prevail upon earth, while getting stoned, dancing madly and having as much sex as you could possibly have."

Manzarek is survived by his wife, Dorothy; his son Pablo and two brothers, Rick and James. Funeral arrangements are pending.

Source: http://news.yahoo.com/manzarek-founding-member-doors-dies-74-043525092.html

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Tuesday, May 21, 2013

How corporations pressure government into tax breaks and subsidies

Google, Amazon, Starbucks, every other major corporation, and every big Wall Street bank, are sheltering as much of their US profits abroad as they can, Reich writes, while telling Washington that lower corporate taxes are necessary in order to keep the US 'competitive.'

By Robert Reich,?Guest blogger / May 20, 2013

An office block at Central St Giles in London where Google has offices. Google is under investigation for manipulating its British sales to pay almost no taxes by using its low-tax Ireland subsidiary, Reich writes.

Luke Macgregor/Reuters/File

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As global capital becomes ever more powerful, giant corporations are holding governments and citizens up for ransom ? eliciting subsidies and tax breaks from countries concerned about their nation?s ?competitiveness? ? while sheltering their profits in the lowest-tax jurisdictions they can find. Major advanced countries ? and their citizens ? need a comprehensive tax agreement that won?t allow global corporations to get away with this.

Skip to next paragraph Robert Reich

Robert is chancellor?s professor of public policy at the University of California at Berkeley. He has served in three national administrations, most recently as secretary of labor under President Clinton. Time Magazine?named him one of the 10 most effective cabinet secretaries of the last century. He has written 13 books, including ?The Work of Nations,? his latest best-seller ?Aftershock: The Next Economy and America?s Future," and a new?e-book, ?Beyond Outrage.??He is also a founding editor of the American Prospect magazine and chairman of Common Cause.

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Google, Amazon, Starbucks, every other major corporation, and every big Wall Street bank, are sheltering as much of their U.S. profits abroad as they can, while telling Washington that lower corporate taxes are necessary in order to keep the U.S. ?competitive.?

Baloney. The fact is, global corporations have no allegiance to any country; their only objective is to make as much money as possible ? and play off one country against another to keep their taxes down and subsidies up, thereby shifting more of the tax burden to ordinary people whose wages are already shrinking because companies are playing workers off against each other.?

I?m in London for a few days, and all the talk here is about how Goldman Sachs just negotiated a sweetheart deal to settle a tax dispute with the British government; Google is manipulating its British sales to pay almost no taxes here by using its low-tax Ireland subsidiary (the chair of the Parliamentary committee investigating this has just called the do-no-evil firm ?devious, calculating, and unethical?); Amazon has been found to route its British sales through a subsidiary in low-tax Luxembourg, and now receives more in subsidies from the British government than it pays here in taxes; Starbucks? tax-avoidance strategy was so blatant British consumers began boycotting the firm until it reversed course. ?

S.Africa's African Bank H1 profit slides as bad debts bite

JOHANNESBURG (Reuters) - South African mass market lender African Bank Investments posted a 26 percent drop in first-half earnings on Monday, hit by rising bad debts from its heavily leveraged customers.

The company also warned its retail furniture business would likely fall to a loss for the year, as demand from cash-strapped consumers wanes.

African Bank, known as Abil, said headline earnings for the six months to March totalled 125.7 cents, compared with 170.4 cents a year earlier.

The bank targets millions of low-income South Africans through loans and furniture, which it sells on credit.

The furniture business is likely to see a "small loss" for the full-year, Chief Financial Officer Nithia Nalliah told reporters on a conference call.

Abil and its rivals are seeing a spike in bad loans after years of aggressive lending in Africa's top economy.

Household debt levels currently stand at around a record of 76 percent of disposable income.

Source: http://news.yahoo.com/africas-african-bank-h1-profit-slides-bad-debts-065206014.html

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Bottom Line ? Regulatory Fairness Meeting for Small Business

On Thursday June 6, small business owners will have an opportunity to discuss issues regarding Federal regulatory compliance and enforcement. SBA Acting National Ombudsman Yolanda V. Swift will meet with members of the Seattle-area small business community to hear issues and comments about Federal regulatory enforcement and compliance actions.?Small business owners, representatives of trade associations, and community and business leaders are invited to participate, comment about compliance actions and enforcement of regulations by Federal agencies, and learn more about the impact of Federal regulations on small businesses.

This Seattle Hearing will be your opportunity to testify/discuss issues regarding Federal regulatory compliance and enforcement and how you have been affected as a small business owner. The SBA?s Office of the Ombudsman?s mission is?to assist small businesses when they experience excessive or unfair federal regulatory enforcement actions, such as repetitive audits or investigations, excessive fines, penalties, threats, retaliation or other unfair enforcement action by a federal agency.

The event will take place on Thursday, June 6 from 8:30 a.m. to 11:30 a.m. at the Rainier Club (820 4th Avenue, Seattle). To RSVP, contact Jose.Mendez@Seattle.gov.

The SBA?s Office of the Ombudsman also allows you to fill out a comment form on your experience working with Federal regulations. The comment form can be found here.

For more information or if you have any questions about this meeting, contact SBA Fairness Board Member Rich Gaspar at Rich@Gaspars.com

Source: http://bottomline.seattle.gov/2013/05/20/regulatory-fairness-meeting-for-small-business/

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