China

Edward Snowden rejects suggestions he is a spy for China

The Treasury International Capital report each month is not normally looked at with much scrutiny because, truth be told, it's usually a non-event. Foreign sovereigns buy enough U.S. government securities to increase their total holdings between 0.5% and 1.0% month over month. The U.S. Treasury almost always has a surplus of buyers for its debt which allows it to continue to run up trillion-plus dollar budget deficits and export the inflation to the rest of the world. But, what happens when that doesn't happen? And what does that mean for Gold (GLD)?In April, the T.I.C. report was the most negative one I've seen since China dumped $100 billion in U.S. Treasuries in August 2011. That caused gold to spike to $1926 per ounce, the Swiss to peg the Franc to the euro (FXE) and eventually the five major central banks to open up a $500 billion coordinated swap

Chen Guangcheng claims China pressured NYU into asking him to leave

There's no foolproof way to know the future for Park Electrochemical (NYS: PKE) or any other company. However, certain clues may help you see potential stumbles before they happen -- and before your stock craters as a result. A cloudy crystal ball In this series, we use accounts receivable and days sales outstanding to judge a company's current health and future prospects. It's an important step in separating the pretenders from the market's best stocks. Alone, AR -- the amount of money owed the company -- and DSO -- the number of days' worth of sales owed to the company -- don't tell you much. However, by considering the trends in AR and DSO, you can sometimes get a window onto the future. Sometimes, problems with AR or DSO simply indicate a change in the business (like an acquisition), or lax collections. However, AR that grows more quickly than revenue, or ballooning DSO, can, at times, suggest a desperate company that's trying to boost sales by giving its customers overly generous payment terms. Alternately, it can indicate that the company sprinted to book a load of sales at the end of the quarter, like used-car dealers on the 29th of the month. (Sometimes, companies do both.) Why might an upstanding firm like Park Electrochemical do this? For the same reason any other company might: to make the numbers. Investors don't like revenue shortfalls, and employees don't like reporting them to their superiors. Is Park Electrochemical sending any potential warning signs? Take a look at the chart below, which plots revenue growth against AR growth, and DSO: Source: S&P Capital IQ. Data is current as of last fully reported fiscal quarter. FQ = fiscal quarter.The standard way to calculate DSO uses average accounts receivable. I prefer to look at end-of-quarter receivables, but I've plotted both above.Watching the trends When that red line (AR growth) crosses above the green line (revenue growth), I know I need to consult the filings. Similarly, a spike in the blue bars indicates a trend worth worrying about. Park Electrochemical's latest average DSO stands at 58.5 days, and the end-of-quarter figure is 59.4 days. Differences in business models can generate variations in DSO, and business needs can require occasional fluctuations, but all things being equal, I like to see this figure stay steady. So, let's get back to our original question: Based on DSO and sales, does Park Electrochemical look like it might miss its numbers in the next quarter or two?The raw numbers suggest potential trouble ahead. For the last fully reported fiscal quarter, Park Electrochemical's year-over-year revenue shrank 2.3%, and its AR grew 10.0%. That's a yellow flag. End-of-quarter DSO increased 21.2% over the prior-year quarter. It was up 7.5% versus the prior quarter. Still, I'm no fortuneteller, and these are just numbers. Investors putting their money on the line always need to dig into the filings for the root causes and draw their own conclusions.If you're interested in companies like Park Electrochemical, you might want to check out the jaw-dropping technology that's about to put 100 million Chinese factory workers out on the street - and the 3 companies that control it. We'll tell you all about them in "The Future is Made in America." Click here for instant access to this free report.Add Park Electrochemical to My Watchlist.

Colleen Flaherty in Inside Higher Ed: Jason Richwine swiftly resigned from the Heritage Foundation this month following revelations of his 2009 Harvard University dissertation on IQ and race, but the blogosphere continues to buzz with the story. In the aftermath, as Richwine continues to defend his research, some human biodiversity, or “HBD,” experts charge that a new generation of eugenicists may be coming of age. A recurring name is that of Stephen Hsu, the Michigan State University physicist and vice president for research and graduate studies who is researching intelligence and genetics at the world’s biggest genomics sequencing lab in Shenzhen, China. “Richwine would probably also find a friend in Stephen Hsu, a theoretical physicist by training who is currently searching for an intelligence gene,” wrote Yong Chan, research director for the racial justice website ChangeLab. “Even though mainstream science has pretty much scrapped the notion that race has any kind of biological basis long ago, that hasn’t stopped [Hsu] from trying to link intelligence with race and getting a billion and a half dollars for research based in China.” Michael Scroggins, a Ph.D. student at Teachers College of Columbia University, echoed Chan on Ethnography.com: “Suffice to say, [Richwine and Hsu] offer nothing new to debates over IQ, or poverty or immigration. Their innovation lies in the naked, unreflective application of a naïve sociobiology to policy debates over access to democratic institutions – citizenship and public education.” Much of the controversy surrounding Hsu stems from a recent Vice article alleging Hsu's cognitive genomics project is ultimately helping China engineer “genius babies.” “At BGI Shenzhen, scientists have collected DNA samples from 2,000 of the world’s smartest people and are sequencing their entire genomes in an attempt to identify the alleles which determine human intelligence,” the piece reads. “Apparently they’re not far from finding them, and when they do, embryo screening will allow parents to pick their brightest zygote and potentially bump up every generation's intelligence by five to 15 IQ points.”

Date: Jun 18th 2013 11:38a.m. Contributed by: mengsta

The finalists for the 2013 British Fantasy Awards have been announced: Best Fantasy Novel (the Robert Holdstock Award) Blood and Feathers, Lou Morgan (Solaris) The Brides of Rollrock Island, Margo Lanagan (David Fickling Books) Railsea, China Miéville (Macmillan) Red Country, Joe Abercrombie (Gollancz) Some Kind of Fairy Tale, Graham Joyce (Gollancz) Best Horror Novel (the August Derleth Award) The Drowning Girl, Caitlin R. Kiernan (Roc) The Kind Folk, Ramsey Campbell (PS Publishing) Last Days, Adam Nevill (Macmillan) Silent Voices, Gary McMahon (Solaris) Some Kind of Fairy Tale, Graham Joyce (Gollancz) Best Novella Curaré, Michael Moorcock (Zenith Lives!) (Obverse Books) Eyepennies, Mike O’Driscoll (TTA Press) The Nine Deaths of Dr Valentine, John Llewellyn Probert (Spectral Press) The Respectable Face of Tyranny, Gary Fry (Spectral Press) Best Short Story “Our Island”, Ralph Robert Moore (Where Are We Going?) (Eibonvale Press) “Shark! Shark!” Ray Cluley (Black Static #29) (TTA Press) “Sunshine”, Nina Allan (Black Static #29) (TTA Press) “Wish for a Gun”, Sam Sykes (A Town Called Pandemonium) (Jurassic London) Best Collection From Hell to Eternity, Thana Niveau (Gray Friar Press) Remember Why You Fear Me, Robert Shearman (ChiZine Publications) Where Furnaces Burn, Joel Lane (PS Publishing) The Woman Who Married a Cloud, Jonathan Carroll (Subterannean Press) Best Anthology A Town Called Pandemonium, Anne C. Perry and Jared Shurin (eds) (Jurassic London) Magic: an Anthology of the Esoteric and Arcane, Jonathan Oliver (ed.) (Solaris) The Mammoth Book of Ghost Stories by Women, Marie O’Regan (ed.) (Robinson) Terror Tales of the Cotswolds, Paul Finch (ed.) (Gray Friar Press) Best Small Press (the PS Publishing Independent Press Award) ChiZine Publications (Brett Alexander Savory and Sandra Kasturi) Gray Friar Press (Gary Fry) Spectral Press (Simon Marshall-Jones) TTA Press (Andy Cox) Best Non-Fiction Ansible, David Langford The Cambridge Companion to Fantasy Literature, Edward James and Farah Mendlesohn (eds) (Cambridge University Press) Coffinmaker’s Blues, Stephen Volk (Black Static) (TTA Press) Fantasy Faction, Marc Aplin (ed.) Pornokitsch, Anne C. Perry and Jared Shurin (eds) Reflections: On the Magic of Writing, Diana Wynne Jones (David Fickling Books) Best Magazine/Periodical Black Static, Andy Cox (ed.) (TTA Press) Interzone, Andy Cox (ed.) (TTA Press) SFX, David Bradley (ed.) (Future Publishing) Shadows and Tall Trees, Michael Kelly (ed.) (Undertow Publications) Best Artist Ben Baldwin David Rix Les Edwards Sean Phillips Vincent Chong Best Comic/Graphic Novel Dial H, China Miéville, Mateus Santolouco, David Lapham and Riccardo Burchielli (DC Comics) Saga, Brian K. Vaughan and Fiona Staples (Image Comics) The Unwritten, Mike Carey, Peter Gross, Gary Erskine, Gabriel Hernández Walta, M.K. Perker, Vince Locke and Rufus Dayglo (DC Comics/Vertigo) The Walking Dead, Robert Kirkman and Charlie Adlard (Skybound Entertainment/Image Comics) Best Screenplay Avengers Assemble, Joss Whedon Sightseers, Alice Lowe, Steve Oram and Amy Jump The Cabin in the Woods, Joss Whedon and Drew Goddard The Hobbit: An Unexpected Journey, Fran Walsh, Philippa Boyens, Peter Jackson and Guillermo del Toro Best Newcomer (the Sydney J. Bounds Award) Alison Moore, for The Lighthouse (Salt Publishing) Anne Lyle, for The Alchemist of Souls (Angry Robot) E.C. Myers, for Fair Coin (Pyr) Helen Marshall, for Hair Side, Flesh Side (ChiZine Publications) Kim Curran, for Shift (Strange Chemistry) Lou Morgan, for Blood and Feathers (Solaris) Molly Tanzer, for A Pretty Mouth (Lazy Fascist Press) Saladin Ahmed, for Throne of the Crescent Moon (Gollancz) Stephen Bacon, for Peel Back the Sky (Gray Friar Press) Stephen Blackmoore, for City of the Lost (Daw Books) The winners of these categories will now be decided by the following juries. Main jury, deciding the categories of fantasy novel, h

China to cut emissions 30 percent by 2017

The Team USA U19 roster has been determined, per USABasketball.com.The roster includes Oklahoma State point guard Marcus Smart, Tennessee forward Jarnell Stokes, Duke guard Rasheed Sulaimon and top 2013 recruits Aaron Gordon (Arizona) and Nigel Williams-Goss (Washington). Team USA U19 World Championship Roster Player Position School Michael Frazier G Florida Aaron Gordon F Archbishop HS/Arizona Jerami Grant F Syracuse Montrezl Harrell F Louisville Jahlil Okafor C Whitney Young HS Elfrid Payton G Louisiana-Lafayette Marcus Smart G Oklahoma State Jarnell Stokes F Tennessee Rasheed Sulaimon G Duke Mike Tobey F/C Virginia Nigel Williams-Goss G/F Findlay Prep/Washington Justise Winslow F St. John's HS Smart could have been a top-five pick if he would have declared for the NBA draft this year. He averaged 15.4 points, 5.8 rebounds, 4.2 assists and 3.0 steals in his freshman year at Oklahoma State. That included posting 14 points, nine rebounds, four assists and five steals against Oregon in the 2013 NCAA tournament.Stokes averaged 12.4 points, 9.6 rebounds and 1.1 blocks in his sophomore campaign at Tennessee. That includes registering 14 points and 13 rebounds against Mercer in the 2013 NIT tournament.Sulaimon averaged 11.6 points while shooting 37 percent from beyond the arc in his freshman season at Duke. He posted a combined 37 points against Creighton and Michigan State in the NCAA tournament.Gordon and Nigel Williams-Goss were ranked as the No. 4 and No. 34 recruits in the 2013 class, respectively, according to 247Sports.com.In the FIBA U19 World Championship two years ago, Team USA finished fifth. That was after finishing first in 2009 and second in 2007. Team USA has won the World Championship four times, dating back to 1979.The tournament will be hosted by the Czech Republic this year from June 27 to July 7. The United States is part of Group D, which includes China, Ivory Coast and Russia. Russia placed third in the tournament in 2011.

Chinese civil servant somehow manages to support his TV anchor mistress with $1625/day allowance, Audi, Porsche.