Danny S. March 31, 2015 Lew back in San Fran today-
Special Address by Hon. Jacob J. Lew, Secretary of the U.S. Department of the Treasury
Asia Society Northern California
Tuesday, March 31, 2015 from 1:00 PM to 2:00 PM (PDT) San Francisco, CA
About Asia Society: Founded in 1956 by John D. Rockefeller III, Asia Society is the leading educational institution dedicated to promoting mutual understanding and strengthening partnerships across people, leaders, and institutions of Asia and the United States in a global context.
Across the fields of arts, business, culture, education, and policy, the Society provides insight, generates ideas, and promotes collaboration to address present challenges and create a shared future.
LifeTalk > Danny S. Will this be the pre-recorded message that some intel people told us about a year ago? : )
Danny S. > LifeTalk It's sold out.... http://www.eventbrite.com/e/special-address-by-hon-jacob-j-lew-secretary-of-the-us-department-of-the-treasury-tickets-16303899402
R.V. / GCR March 31, 2015 at 1:29pm APRIL FOOLS
R.V. / GCR March 31, 2015 at 1:29pm The new USA CURRENCIES are not note they are certificates....i.e. gold certificates silver certificatez and banks are selling Gold again all of this could be yours if the PRICE IS RIGHT.........TIMBERKIDS
EXOGEN March 31, 2015 OPERATION SKYNET GOES INTERNATIONAL TO STOP CORRUPTION
EXOGEN March 31, 2015 CHINA'S OPERATION SKYNET BAGS FIRST VICTIMS TO BE EXECUTED
Danny S. March 31, 2015 at 12:56pm Crazy market behavior....
"Biggest Jump In General Collateral On Record" Leaves Experts Stumped
Submitted by Tyler Durden on 03/31/2015 - 10:30
"The overnight general collateral rate jumped to 0.38% this morning. The GC rate has seen sharp moves at quarter end in the past, although today's jump is the largest we have on record."
EXOGEN: March 31, 2015 Last Minute Twists Before China Bank Deadline
Last updated on: March 31, 2015 8:38 AM
More than 40 countries have added their names to a growing list of those seeking to become founding members of China’s multi-billion dollar Asian Infrastructure Investment Bank, but the United States and Japan say they will remain on the sidelines.
Just days before the deadline at the end of March, Russia added its name to the list that has more than doubled since China announced its plans to build the bank late last year.
A growing number of Washington’s allies in Asia and Europe have lined up to participate, and in a last minute surprise, Taiwan announced its desire to join.
The Taiwan bid to become a founding member came late Monday. It was not immediately clear whether Beijing would accept the application.
China and Taiwan do not have official diplomatic relations, and while the island economy has huge strengths it is not a member of the United Nations or any organization that is similar to the AIIB, such as the World Bank or Asian Development Bank.
China and Taiwan split amid a civil war in 1949, but relations between the two governments have improved since President Ma Ying-jeou was elected in 2008. Membership in the AIIB requires statehood and Beijing considers the self-ruled island to be a part of its territory.
Taiwan’s Premier Mao Chih-kuo says the application to join was sent through channels the two sides use to communicate. “It would suit Taiwan’s national interests, if it could participate in Asian Infrastructure Investment Bank with dignity,” Mao told reporters in Taipei.
Almost immediately after the announcement, opposition lawmakers in Taiwan were raising concerns about the proposal.
Shi Yinhong, a political scientist at Beijing’s Renmin University said it is likely China will not give Taiwan’s request or other special requests from international organizations high priority.
“From China’s perspective this would show its good will toward cross-strait relations,” Shi said. “On the other, if it opposes Taiwan’s incorporation that would be lost - the opportunity to attract popularity on the Taiwan island.”
The key attraction for many of those seeking to join the bank is the massive business opportunities in Asia for infrastructure development. According to the Asian Development Bank, Asia needs $800 billion each year for roads, ports, power plants or other infrastructure projects.
Beijing says countries that want to be involved include those from Africa, Europe, South America, Asia and the Pacific.
Shi said the rapid increase in the number of those seeking to become members has exceeded China’s expectations and helped Beijing win diplomatic prestige. But he said that from Beijing’s perspective this has benefits and costs.
“The membership of European powers, South Korea and Australia will make China’s leading role much (more) reduced than it otherwise would have been,” Shi said.
He adds that China cannot and will not play a prominent role other than being an initiator for the bank and given their number Western powers could have an advantage in pressing for international standards.
Similarly Shi said Russia’s decision to become a founding member has risks, noting Moscow has long been suspicious of China’s Silk Road Initiative and efforts to extend its reach into Central Asia. Its participation in the bank could help ease some tensions, he said.
“I don’t think Russian membership will add much of a positive element in operation of the bank and in the making of the rules, because Russia generally (speaking) in this field is a maverick,” Shi said.
For Russia, it is an opportunity to build investment and business opportunities in Asia while its economy is struggling under the weight of international sanctions over the Ukraine crisis and a slide in oil prices.
The United States and Japan say they are holding off joining, citing concerns about how the bank will be run and what it will do to guarantee social and environmental standards are upheld. Most of the crucial details about voting rights and standards for loans will be worked out after the final list of founding members is announced in mid-April.
Washington’s decision to wait has been criticized by some economists and scholars in the United States.
Douglas Paal, vice president of the Washington-based Carnegie Endowment for International Peace said he thought some of the concerns about the bank were misplaced. Paal said he did not believe the bank is a threat to institutions the United States led the way in establishing following World War II.
“This has come very slowly to the U.S. government,” Paal said in a recent interview with Chinese state-run broadcaster CCTV. “I'm rather embarrassed that my government was not foresightful enough to take a hold of this issue and shape it to the mutual benefit of all the participants from the beginning, but took a hostile attitude toward it, which I think was counter-productive and diminished American influence in the process."
But Paal added there is still plenty of room for institutions such as the World Bank and Asian Development Bank to cooperate with the AIIB.
China has taken the snub in stride and officials have said they welcome U.S. participation whenever that may happen.
On Tuesday, the overseas edition of the Communist Party run People’s Daily argued that by citing concerns about “high standards,” Washington risked isolating itself internationally.
The article argued that the U.S. decision to hold off was driven in part by concern about the threat the bank might pose to Washington’s leadership in global finance and global influence.
China’s Asian Infrastructure Investment Bank is expected to be launched with funding of as much as $100 billion, most of it Chinese money.
Poppy3 I WAS TOLD BUT CAN'T FIND IN PRINT THAT IF THE BUDGET IS NOT INSTALLED BY THE END OF THE FIRST QUARTER THEY WILL BE PREVENTED FROM MAKING THE PAYMENT TO WIDOWS, ORPHANS, RETIRED MILITARY RETRO ACTIVE BACK TO JAN 1.
IF TRUE PEOPLE WILL BE HIGHLY P***** OFF.
[sunny] Sat. I was visiting a Dinarian friend here in Phoenix area when a 3rd Dinarian dropped by to tell us her son overheard a conversation at the Mercedes dealer where he worked. The customer was telling the salesman how he'd just "exchanged" currency and had $300,000. He paid on the spot for a new $90,000 Mercedes
DLR » March 31st, 2015, “If something is important enough, even if the odds are against you, you should still do it.” – Elon Musk
jdtolle » March 31st, 2015, Extrapolation
It’s great to learn from what you experience. Yet it’s important to remember that your experience, as varied and extensive as it may be, does not represent everything there is.
As valuable as your experience is, be careful not to extrapolate it too far. A little knowledge about something is great, as long as you remind yourself you don’t know everything about the subject.
Just because someone hurt you once, does not mean that everyone will hurt you. Just because you’re experienced at walking through your neighborhood, doesn’t mean you’re prepared to walk across the continent.
See your experience as a starting point, not as a complete and finished product. Be eager to admit what you don’t know and cannot yet do, and then build on your experience to steadily add more skills and wisdom.
A little bit of experience puts you in position to gain even more experience, so take advantage of that opportunity. Do the work to extend your experience rather than assuming you can instantly extrapolate it.
Your experience is valuable. Add greatly to that value with a little humility.
Ralph Marston Wishing All a safe and blessed day JDT
P.S. How wonderful it is that nobody need wait a single moment before starting to improve the world. -- Anne Frank