Monday, December 27, 2010

China Builds an Aircraft Carrier. Peaceful Rise?


On the last night of our visit to China a few years back, we took our crew out to dinner for a final celebration. Our Mr. Jong, our driver, told us that he had been one of China's few fighter pilots during the 1979 war with Vietnam. China's war with Vietnam did no go any better than ours.

Mr. Jong told us the Vietnamese beat the Chinese so quickly at the border that he and a handful of other pilots were ordered to Beijing to defend the city against the air attack the Chinese leadership feared would soon follow. It was another humiliation for a proud country where elites refer to the 19th century colonial period as a "century of humiliation."

After telling us this story, Mr. Jong grew wistful, telling us he hoped that one day he would live to see China build an aircraft carrier of its own so it could become a mighty nation.

Mr Jong may soon be getting his wish. The Chinese government today confirmed plans to develop into a naval power, complete with an aircraft carrier.

For years China has assured the world it intends a "peaceful rise." Developing what the military calls a "blue water navy" capable of operating far from China's shores will inject new uncertainty and tension into geopolitics. After all, the United States has a pretty big navy that operates around the world. What happens when these two navies bump up against each other?

I'm not sure I want to find out.

Republicans in the new Congress will take notice of China's ambitions. A complicated relationship is about to get more interesting. What do the Chinese say about living in "interesting times?"

Source: http://www.pbs.org/nbr/blog/2010/12/china_builds_an_aircraft_carri.html

Home Sales Outlook Housing Starts President Obama Hope for home owners

West Wing Week: "AKA Santa Claus"

Welcome to the West Wing Week, your guide to everything that's happening at 1600 Pennsylvania Ave. Walk step by step with the President as he signs the repeal of “Don’t Ask Don’t Tell,” looks back at an historic lame duck session, reads to kids for the Holiday season, and receives the Census report.

Learn more about the events featured in this edition of West Wing Week...

December 17, 2010

December 20, 2010

December 22, 2010

Arun Chaudhary is the official White House videographer

Source: http://www.whitehouse.gov/blog/2010/12/24/west-wing-week-aka-santa-claus

Housing Starts President Obama Hope for home owners Fannie Mae

Weekly Wrap Up: "Some Good News for the American People this Holiday Season"

A quick look at the week of December 13, 2010:

Quote: “We are here with some good news for the American people this holiday season,” said President Obama before signing the Middle-Class Tax Cuts Bill -- legislation that will prevent tax hikes on middle class families, keep the economy growing, and maintain lifelines for millions of those who are unemployed through no fault of their own. Watch the video.

Digg the White House: The White House is now on digg.com. Take a peek and start following us right now.

Holidays in Photos: Go behind-the-scenes as the White House celebrates the holidays in this photostream.

Healthy Kids: The President signs the Healthy, Hunger-Free Kids Act at a local DC school. The new law improves the nutritional value of school meals and increases the number of children eligible to receive them. Watch the President’s and the First Lady’s remarks.

The Night Before Christmas: The President reads to children at a local elementary school and the First Lady to patients, parents and staff at Children’s National Medical Center. Watch the video of the President here and the video of the First Lady here.

Elmo at the White House: Elmo joins Assistant White House Chef Sam Kass in the White House Kitchen to talk about healthy and tasty school meals -- and Elmo does the melon dance. Watch the video.

Lie of the Year: Politifact calls the claim that Health Reform is a "Government Takeover of Health Care" the lie of the year.

read more

Source: http://www.whitehouse.gov/blog/2010/12/17/weekly-wrap-some-good-news-american-people-holiday-season

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Triple Play 2010 the Movie by Trulia

Last week, Trulia attended the 2010 Triple Play Realtor convention in Atlantic City, New Jersey. What a great show!
We met so many amazing brokers, agents and association leaders over the course of 4 days. Way too many to list here. Some of them shared their Trulia experiences on video with us like Sandy and Bob [...]

Source: http://feedproxy.google.com/~r/TruliaBlog/~3/o0la6HEGXz4/

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Originator Compensation: MBA Pushes for Postponed Implementation of New Regs

The MBA agrees with us, the mortgage industry is no where near ready to implement new originator compensation regs. Originator Compensation Reform: Putting the Cart Before the Horse From the MBA.... On Thursday, December 16, 2010, the Mortgage Bankers Association (MBA) sent the attached letter to Ben Bernanke, Chairman, and Saundra Bernstein, Director, Consumer and Community Affairs Division, of the Federal Reserve, requesting written guidance to help the industry implement the Board’s final rule on loan originator compensation and steering published on September 24, 2010. In the letter, MBA President and CEO John Courson asks for written guidance confirming previous direction that the Board staff has graciously provided MBA and its members either verbally or in person. MBA, on behalf...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: http://www.mortgagenewsdaily.com/12172010_delay_originator_comp_reform.asp

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Former Treasury Secretary John Snow on China Reforms

U.S. - China relations are framed almost exclusively in terms of currency. But that's not the whole picture. For some perspective, I spoke with former Treasury Secretary John Snow.

Source: http://www.pbs.org/nbr/blog/2010/10/darren_gershjohn_snow.html

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Celeb Tidbits: Jesse James Sells Home; Jermaine Jackson?s Rental in Foreclosure; Ronnie James Dio?s Home for Sale

Happy Holidays, Jesse James
West Coast Chopper CEO Jesse James (the former husband of actress Sandra Bullock) got an early Christmas present: the home (above) he shared with Bullock while news of his affair broke, was just sold. James’ Sunset Beach house was originally on the market since May 2010 at a price of $6,750,000. It [...]

Source: http://www.zillow.com/blog/celeb-tidbits-jesse-james-sells-home-jermaine-jacksons-rental-in-foreclosure-ronnie-james-dios-home-for-sale/2010/12/22/

Home Sales Outlook Housing Starts President Obama Hope for home owners