China eyes resources security with Rio deal
by Fran Wang, AFP
Sun Feb 15, 12:14 am ET
BEIJING, Feb 15, 2009 (AFP) – China’s record investment in a foreign firm has underlined the nation’s drive to get more control over the natural resources that have helped fuel its rapid rise, analysts say.
State-owned aluminium firm Chinalco said last week it was putting 19.5 billion dollars into troubled Anglo-Australian mining giant Rio Tinto — the most money China has ever invested in an overseas company.
For Rio, the deal provides cash to help pay off its vast debt load.
China confident of overcoming economic difficulty: Wen
AFP
Sun Feb 15, 7:43 am ET
BEIJING (AFP) – China’s Prime Minister Wen Jiabao expressed confidence in his government’s ability to overcome the nation’s economic downturn, his cabinet said Sunday.
“We are fully confident that we have the conditions and the capability to overcome the challenges we are facing,” Wen was quoted as saying in comments posted on the government’s website.
“We should fully realise the severity and uncertainty of the global financial crisis… and take firmer action.”
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Finished with my woman cause she couldnt help me with my mind
People think Im insane because I am browning all the time
All day long I think of things but nothing seems to satisfy
Think Ill lose my mind if I dont find something to pacify
Can you help me thought you were my friend
Whoah yeah
I need someone to show me the things in life that I cant find
I cant see the things that make true happiness, I must be blind
Make a joke and I will sigh and you will laugh and I will cry
Happiness I cannot feel and love to me is so unreal
And so as you hear these words telling you now of my state
I tell you to enjoy life I wish I could but its too late
Greg Palast explains why “Tiny Tim Geithner is the Wrong Choice”
From The Palast Report, January 23, 2009:
Fmr Merril Lynch CEO John Thain