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Beijing Ready To Impose Air Defence Identification Zone To Thwart US "Provocation"

Beijing Ready To Impose Air Defence Identification Zone To Thwart US "Provocation"

The last time China set up an air defense identification zone, or ADIZ, was in late 2013, when tensions with Japan had escalated so far, many were speculating if the two nations would not engage in limited warfare. Back then, China set up its first ADIZ in the East China Sea in November 2013 to cover the Diaoyu Islands, which Japan calls the Senkakus. Both countries claim the uninhabited outcrops but Tokyo controls them. The ADIZ triggered a backlash from Japan, South Korea and the US.

The Stunning Idiocy Of Steel Tariffs

The Stunning Idiocy Of Steel Tariffs

Submitted by Pater Tenebrarum via Acting-Man.com,

Victims of the Boom-Bust Cycle

The world is drowning in steel – there is huge overcapacity in steel production worldwide. This is a direct result of the massive global credit expansion that has taken place over the past 15 years. Much of this capacity is located in China, but while the times were good, iron ore and steel production (and associated lines of production) was expanded everywhere else in the world as well.

 

Steel factory

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