–To save, South Koreans use credit cards – Koreans are learning about the convenience and dangers of credit cards. I wish the article had some statistic on the average debt load of the Korean household as compared to American, or the percentage of defaults as compared to Americans. I would be my money, that they handle their credit much better, despite the number of cards, and this is especially true of married couples. I can not imagine the average S.Korean woman (who will be doing most bill paying) spending as recklessly as an American.
–Hollywood officials say China has started banning American movies – Seems the rumors were true and do not just apply to Will Smith movies. 🙂 This is not just about the international property rights case at the WTO. China has been perturbed about a few things, including American support for Taiwan and praise of the Dalia Lama.
–CHINA: China rejects demand on communique – Just a brief update on Chinese denial.
–Inter-Korean rail service resumes after five decades – More “Sunshine Policy” news.
–Vietcombank says foreign buying capped to benefit local investors – Big bank about to go public.
–Nigeria: President’s Visit Represents Start of New Relationship – Nigeria’s president visits the “George Dubya” in Washington. The topics on the table are the Nigerian Delta (read: Oil), African peace keeping, and continued political stability.
–No White Hair in the Chinese Leadership – This is funny, I was just talking about this to my wife last night. LOL