IMF: China and India will lead economic recovery

China buys gold and the world follows

By Myra P. Saefong, MarketWatch

SAN FRANCISCO (MarketWatch) — Gold prices have lost around $75 an ounce this year but analysts are unfazed by the drop, with many betting the slump in prices will soon be cut short as the Chinese New Year feeds an increase in global demand that’s destined to last.

“We are entering a period of strong seasonal growth in gold demand and Chinese New Year is a big part of that,” said Brien Lundin, editor of Gold Newsletter. “Physical demand has been supporting the gold prices on the downside even during the typical slack periods, and I expect that upcoming increase in demand will also support the price, but at higher levels.”


MarketWatch Article

China's new stealth fighter may use US technology

SLOBODAN LEKIC and DUSAN STOJANOVIC

(AP:BRUSSELS) Chinese officials recently unveiled a new, high-tech stealth fighter that could pose a significant threat to American air superiority _ and some of its technology, it turns out, may well have come from the U.S. itself.

Balkan military officials and other experts have told The Associated Press that in all probability the Chinese gleaned some of their technological know-how from an American F-117 Nighthawk that was shot down over Serbia in 1999.


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Thomas Friedman On China And America

In a somewhat confusing and very rambling discussion, Friedman notes how he envies China's Reaganism, not Maoism.

Once again, there is no doubt that Friedman remains suspect and his geopolitical views are tainted.