Friday, January 15, 2010

UN efforts to curb Iran’s nuclear plans hit by Chinese diplomatic snub

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Don't Be Evil vs. Serve the People: Is Google Just a Benign Version of China?

Posted: January 15, 2010 07:12 PM

"There's an interesting dynamic between Google and China," Jaron Lanier, the Internet philosopher and author of the new book You Are Not a Gadget, said last night after a talk at the 92nd Street Y. "The Chinese Communist Party would like to be the central place where everybody has to move through to move communication. The reason the Communist Party wants to do that is both for power purposes but also to control what is said. They want to control reality traditionally. Obviously this is a bad program and we'd like them not to succeed in that.

"But on the other hand... Google also wants to be the single node through which everybody has to connect. Their purpose is to sell advertising. But in a sense the style of power they want does have some overlap with what the Chinese want. And so they're in a unique position of wanting to compete in a somewhat similar way." READ MORE ...

http://www.huffingtonpost.com/alex-pasternack/dont-be-evil-vs-serve-the_b_425476.html

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If the word GOOGLE does not immediately bring up the reality of this corporation functioning for globalist business interests - such as the gigantic porn industry, but also for the military-government-banking complex in gathering information about each individual in the populous - you need to increase your knowledge base regarding this 'search engine'.

This is very similar to also perceiving that the NSA was working with Microsoft in the development of your Windows operating system - if you think ANYTHING you do on your computer is 'private' ... that is just what they want you to falsely believe.


I would like to point out once again that Google sits on the Corporate Board of the CFR (Council on Foreign Relations) along with banksters such as Goldman Sachs, J P Morgan Chase, etc.

Notable current Council on Foreign Relations CFR members

A VERY quick search of some CFR News Articles to provide insight into this 'think tank':




1. CFR Recording Suggests Creating False Scarcity To Drive Up Demand ...
    "3 Nov 2009 ... Steve Watson | Laughter as dignitaries discuss making vaccine mandatory, tricking public into taking it."

2. CFR Unveils Global Governance Agenda
    "31 Mar 2009 ... Daniel Taylor | The Council on Foreign Relations, often described as the real state department, has launched an initiative to promote and ..."

3. Obama Picks CFR Insider to Head Treasury
    "Kurt Nimmo | Federal Reserve Bank of New York president, CFR member, and Rockefeller Group of Thirty insider Tim Geithner fits the bill for the sort of ..."

4. CFR Boss Richard Haass on Colbert
    "Colbert Nation | Richard Haass believes this century has the potential for America to cooperate with other countries to make the world safer, says Colbert ..."

5. Obama Feigns Ignorance of CFR, NAU
    "Kurt Nimmo | Makes a funny about secret handshakes and pretends he has never heard of the NAU."

6. CFR backs amnesty for illegals, opposes Arpaio-style raids
    "Pheonix BizJournal | A CFR task force headed by ASU professor Raul H. Yzaguirre and fmr. Gov. Jeb Bush outlines plans for guest workers and amnesty mirror ..."

7. Corporate CFR Members Get Most of the Bailout Money
    "25 Apr 2009 ... New American | Treasury Secretary Timothy Geithner served as a staff member of the New York City-based Council on Foreign Relations before ..."

8. We Are Change Confronts CFR Vice Chairman Robert Rubin
    "Rubin tells Change he is on the other side, that is to say the side that wants to destroy American sovereignty and marshal in a New World Order, ..."

9. CFR: Vaccines No More Harmful Than Tuna Sandwich
    "Kurt Nimmo | The 1500 percent increase in autism since 1991 is directly related to thimerosal in vaccines, not the consumption of tuna salad."

10. Napolitano Reports to CFR on Stasi Snoop Network
    "Kurt Nimmo | Napolitano says the state needs to recruit an army of spies, snoops , and rat finks."

11. Bill Richardson at 2008 CFR-meeting: Bilderberg Bankers are all ...
    "15 Apr 2009 ... New Mexico Governor and former democratic presidential candidate Bill Richardson has stated that Barack Obama was favoured for the American ..."

12. CFR Professor Reveals Plot for Military Coup in 2012
    "FederalJack.com | During at panel session at the FIU New World Order Summit, Dr. Mark B. Rosenberg raised the concern about the possibility of a military ..."

13. Goldman Sachs Vice Chairman, CFR Member Picked for State ...
    "Wall Street Journal | The Obama administration picked Goldman Sachs Group Inc. Vice Chairman Robert Hormats to be the State Department's undersecretary for ..."

14. Obama Appoints Top Notch CFR, Bilderberg Members
    "Kurt Nimmo | The Obama administration is rife with CFR and Bilderberg operatives ."


Google - China 'battle' - raises questions about the relations between China and the U.S.


US to rebuke Chinese government over Google incident

Washington Post
The United States will issue an official protest to the Chinese government over a major espionage attack targeting Google's computer ...

Inappropriate to play up Google China's withdrawal threat

Liu Si BEIJING, Jan. 15 (Xinhua) -- Discussions included China's web environment, the China-U.S. trade relationship, and others. But it's inappropriate to play up the issue, or turn it into a political one.

Google's corporate development and chief legal officer, David Drummond, posted a statement Tuesday on the company's official blog, saying it was "reviewing the feasibility of our business operations in China."

According to the statement, the disputes with the Chinese government on Internet regulation and major cyber attacks on his company allegedly originated from China have forced Google to consider exiting.

For overseas businesses, including Google, they should respect laws and regulations as well as relevant policies of their host countries, which is a standard international practice for multinational companies.

Chinese Foreign Ministry spokeswoman Jiang Yu said Thursday at a regular press conference that "China welcomes international Internet companies to conduct business within the country according to law."

The world Internet giant has been blamed by the Chinese government for showing too many links to pornographic contents in its search results and thus breaking the Chinese law.

Currently, Google is also handling a case with Chinese writers over online books copyright disputes.

According to a list provided by Google at the end of 2009, its on-line library involves some 80,000 categories of Chinese books, 10 percent of which were works of 2,600 members of the Chinese Writers Association.

On the other hand, cyber attacks are a commonplace issue across the globe even if countries have been making every effort to combat hackers.

"China's law prohibits cyber crimes including hacker attacks," Jiang said

On Tuesday, China's largest Internet search engine Baidu, which is also Google's major rival in the Chinese market, suffered an hacker attack that paralyzed its website for more than three hours.

Microsoft's CEO Steve Ballmer has said that "There are attacks every day ...We're attacked every day from all parts of the world and I think everybody else is too. We didn't see anything out of the ordinary."

So it's far-fetched to blame China as a scapegoat for cyber attacks just because Google said something about that....


Baidu, Google Rival in China, Financed by Americans Friday, January 15, 2010

If Google does pull out of China, it will yield its 36% market share to rival Baidu, a Chinese Internet portal and search service that’s not as “home grown” as Beijing claims. Baidu got to where it is today, controlling 58% of the Chinese Net search world, thanks to investments from American banks and venture capitalists. U.S.-based venture capital firms Draper Fisher Jurvetson and IDG Technology

Attack Code Used to Hack Google Now Public

PC World
The dangerous Internet Explorer attack code used in last month's attack on Google's corporate networks is now public. ...

Yahoo Was Also Target in Hacker Attack

Wall Street Journal
Yahoo Inc. was among the companies targeted in the recent cyber attacks that hit Google Inc. and other companies, ...


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CaveNews YouTube Channel - Animated Magnetosphere - January 15, 2010


OUR PLANET'S PROTECTIVE MAGNETOSPHERE UPDATE
About Real-Time Magnetosphere Simulation
http://www2.nict.go.jp/y/y223/simulation/realtime/index.html





http://www.youtube.com/watch?v=46xvadijM2Q

JANUARY 15, 2010 AT 6:06 PM CDT





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CaveNews YouTube Channel | Sun from Dec 8, 2009 through Jan 13, 2010 (Old Sunspot 1035 becomes renamed New Sunspot 1040)



http://www.youtube.com/watch?v=dc6kPrvmDXY

Old Sunspot 1035 become renamed as New Sunspot 1040

EIT (Extreme ultraviolet Imaging Telescope) images the solar atmosphere at several wavelengths, and therefore, shows solar material at different temperatures. In the images taken at 304 Angstroms the bright material is at 60,000 to 80,000 degrees Kelvin. In those taken at 171, at 1 million degrees. 195 Angstrom images correspond to about 1.5 million Kelvin. 284 Angstrom, to 2 million degrees. The hotter the temperature, the higher you look in the solar atmosphere.

Source: NASA / ESA / SOHO / LASCO, EIT and MDI teams

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George Ure's UrbanSurvival.com | Another Linguistic Note - 6 Great Earthquakes to Come


13:15 - Another Linguistic Note

Six Great Quakes to Come

Had a chance to chat with Cliff briefly today about the predictive linguistics and what's ahead for the balance of this year. For one thing, he's had time to look at the data again and nope, although Haiti is a terrible mess, and there's some linguistic fill beginning which could link 'diaspora' to the Haiti quake, a review of the data says no, the diaspora/people moving about due to changing circumstances really is 220-million.


True, there's some linkage of Canada and fast-track immigration for refugees, and the rising use of the term 'diaspora', but there's a lot more to be worried about later this year.


The problem is that as we look at the data, there are at least six great quakes due during calendar 2010 and possibly many more. After six, we stopped looking - not a pretty sight. We assume you know a 'great' quake is one with magnitude 8.0 or larger, but in a social sense, Haiti is a 'great' quake based on extreme loss of life.


From the period (approximately) July 7th onward, the data features six clusters of data that will be larger than the global horror that followed the 2004 tsunami. And - sad to report - the data suggests that 220-million will be moving around just on the [american continent] which means additional quakes can be expected this year of larger magnitude including some hints that one will be on the US West coast.


Among the problems with predictive linguistics technology is that it's not precise. How people use language is drifty on a good day. Although the US quake(s) seems to be California'ish, it could be as far north as Vancouver Island. Such is the imprecision of the data. No, can't narrow it down to the Long Valley caldera, Yellowstone, or something as simple as that.


What is clear is that our 'context shift' is 'terra entity', we can't offer any further insight except to say that the data also suggests that by the end of this year, we may see more than a billion people involved in diaspora else; particularly India/Pakistan/China and there are some indications that dislocated people will stream north toward Siberia/Mongolia as a result.


You might ask "Why wasn't this in the Shape of Things to Come report? Fair question: not trying to hide anything...remember, though, we've been saying for the past 9-months (roughly, could be longer) that looking into the data from late 2009 onward for quake activity was pretty much pointless. Gets to be too much. Our accuracy is occasionally very good with isolated near-great quakes like our call on the May 2008 China event, but even if we had been translated into mandarin prior to the May 'wedding quake', would it have modified anyone's behavior or saved lives? Likely not.


Add to that the problems we had sorting out the 'print through" on the Lacey Peterson trial/Redwood City (Sept. 2004) quake which preceded the Dec. 2004 tsunami? The Peterson trial was interrupted by the Redwood City quake and some linguistics (courthouse emptied) were fulfilled, ;leavings us to scratch our heads and pondering "Damn...where's the land driven back to previous age, 200-thousand dead and all that language?" Showed up - all right - about 120 days later.



All of which is not supposed to make you feel better - or worse- about what's ahead in the second half of this year - our timing sucks when there gets to be overlap, print-through, and multiple images of the same thing. Go look at how clear the Wedding Quake hit was before and after the event. (Scroll down to the May 12, 2008 entry "Oh, THAT Quake...)


So whether we get a half dozen seven-oh's this year with huge loss of life or a series of 8's and larger is really outside the scope of this project. Not much anyone can do about it, except have food, water, seeds and a mindset that will allow you to start over and prosper under the most adverse adverse conditions imaginable which by year-end maybe upwards 1.4-billion people will experience..


Best we hope for is to be wrong and it will be media buzz only - always hard to distinguish from physical/objective reality. Our fishing grounds are internet fora, which oh, by the way, may go down in late summer as a global phenomena. So yeah, in addition to working on his survival pod-boat, Cliff's looking at a satellite-based internet system.


Mine's been in for a couple of years seeing this period coming. Oh, might want to mark down your home/residence's lat/lon by GPS and keep it handy for a couple of years. If it starts changing outside the 2DRMS error of SA(ASM if you're in green), it'll be time to gear up.


Why, I bet hardly any of your friends noticed the proximity of Haiti's quake to the news stories about how the "Earth's magnetic north pole marching toward Siberia at 37 miles per year" did they ....



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Study: Raising Kids Lowers Blood Pressure



http://www.redorbit.com/news/video/health/4/study_raising_kids_lowers_blood_pressure/30505/index.html?utm_id=Miniplayer&utm_source=Miniplayer%2Bon%2BRedorbit&utm_medium=Miniplayer%2BSource&utm_campaign=Miniplayer
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NASA Investigates Cocaine Found In Shuttle Hangar

NASA officials have launched an investigation after finding cocaine in a processing hangar for a space shuttle at Kennedy Space Center in Florida — a violation of the zero-tolerance policy on drugs for all NASA employees.

http://www.redorbit.com/news/space/1810022/nasa_investigates_cocaine_found_in_shuttle_hangar/index.html
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Veterans Today | Headlines - Friday, January 15, 2010

  1. Counterfeit Conservatives
  2. Haiti’s “pact with the devil” myth
  3. The COIN Myth: Searching for Human Intelligence
  4. Marines to aid Haitian earthquake relief. But who’s in command?
  5. Alan Grayson Introduces Bills To Fight Corporate Money In Politics



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Alex Jones' InfoWars.com | Headlines - Friday January 15, 2010


Obama’s Favorite For Supreme Court Justice Sunstein Wants To Ban Guns, Free Speech
Steve Watson | Regulatory Czar has already been tapped for senior position.

Thank You, Governor
Chuck Baldwin | In the coming Brave New World currently being manufactured by today’s globalists, even believing “conspiracy theories” might soon be illegal.

 Al Jazeera Documentary Links Tea Party Movement to White Supremacists
We Are Change San Francisco | It seems that opposing our president and the policies of the big banking cartels means we are racists, or even worse.

Sunstein Attacks Second Amendment
Kurt Nimmo | In order to gain confirmation last year, Cass Sunstein lied about his views on the Second Amendment.

FBI Times Square Billboard Mirrors Running Man Police State
Paul Joseph Watson | 1987 movie portrayed America as a dictatorship after an economic collapse.
JPMorgan investment bankers to see record payday
Reuters | On a per employee basis, JPMorgan investment bankers, sales staff and traders, on average, are set to make about $379,000 for 2009.

11 Clear Signs That The U.S. Economy Is Headed Into The Toilet
The Economic Collapse | The vast majority of the talking heads on television are still speaking of the current economic collapse as if it is a temporary “recession” that will soon be over.

Liberals Call for Moving Money Out of Large Banks
The Nation | The campaign was launched just before New Year’s Eve by Arianna Huffington of the Huffington Post and Rob Johnson of the Roosevelt Institute.
It’s Official: A Majority Of Americans Would Give Up Liberty In Order To Be Safe From Terrorism The Truth | Only 36 percent of those polled agreed with this statement: “some of the government’s proposals will go too far in restricting the public’s civil liberties.”

Kansas police chief charged with child molestation
Hutchinson News | Inman’s police chief is accused of sexually abusing three girls and one boy between the ages of 9 and 14.

Meet Mikey Hicks, 8: U.S. has him on watch list
New York Times | The Transportation Security Administration, under scrutiny after last month’s bombing attempt, has on its Web site a “mythbuster” that tries to reassure the public.
Missouri Sheriff’s Dept. to receive device to extract cell phone data
Columbia Missourian | The Mid-Missouri Internet Crimes Task Force will use the device to copy cell phone data — including phone numbers, contacts, pictures, videos, texts, call logs and even information the owner thinks has been deleted.

US drones collecting ‘too much information’
London Telegraph | US remote-controlled spy drones used over Afghanistan and Iraq are producing so much video intelligence that analysts are finding it more and more difficult to keep up with it.

Body scanners can store, send images, group says
NN | A privacy group says the Transportation Security Administration is misleading the public with claims that full-body scanners at airports cannot store or send their graphic images.
U.S. to further raise airline security
NBC News | The Department of Homeland Security is further increasing aviation security in response to intelligence indicating Islamist terrorists were planning another attack on the United States.

FBI Revitalizes Osama Bin Laden Myth
ABC News | Using sophisticated digital enhancement techniques, the FBI today published “aged progressed” mug shots of Osama bin Laden and 17 other top terrorists wanted by the U.S.

New Saudi air raids claim more civilians in Yemen
Press TV | Yemen’s Houthi fighters say Saudi war planes have once again pounded civilian areas in the country’s north, killing three members of a family.
Kansas Legislators To Be Vaccinated Against H1N1
WIBW | The Kansas Department of Health and Environment (KDHE) and the Shawnee County Health Agency hosted an H1N1 flu vaccination event featuring several state legislators.

More than half the experts fighting the ‘pandemic’ have ties to drug firms
Mail Online | More than half the scientists on the swine flu taskforce advising the Government have ties to drug companies.

Europeans snub vaccine and states cancel orders
WSJ | European governments are canceling orders and trying to sell or give away extra doses as they sit on a glut of the vaccine.
Hutchison’s Border Plan: Merge Homeland Security and Local Law Enforcement
KWTX | Hutchison’s plan for security along the Texas-Mexico border includes expanding state participation in Homeland Security programs that let local law enforcement officials enforce some federal immigration laws and that verify whether a person can legally work in the country.

Artists Develop Tool To Guide Illegal Border Crossers To Water
KPBS | A group of art and technology activists have decided to develop what they call the Transborder Immigrant Tool.

Immigrants riot in Italy amid racial unrest
Reuters | Thousands of immigrants protested against racism in a southern Italian town on Friday, after a night of rioting sparked by an attack on African farm workers by a gang of white youths.
Dutch inquiry says Iraq war had no mandate
BBC | An inquiry into the Netherlands’ support for the invasion of Iraq says it was not justified by UN resolutions.

UK troops ‘executed Iraqi grandmother’
Independent | Allegations that a 62-year-old Iraqi grandmother was tortured and executed by British soldiers after her family home was raided three years ago are being investigated by the Royal Military Police.

Army Imprisons Iraq Vet for Hip Hop Song
AllGov.com | The Army threw Hall in jail on December 11, 2009, in Liberty County Jail, Georgia.
Pentagon: No evidence that Iran seeking nukes
Press TV | The Pentagon had seen no indication that Tehran was planning to resume the program allegedly aimed at developing nuclear weapons.

Iran: We had information Israel, U.S. intended to attack us
Haaretz | Iran received information days ago that Israeli and U.S. intelligence intended to carry out terrorist acts in Tehran

The March Towards War
Economic Policy Journal | The United States and five other countries have tentatively agreed to meet this weekend to discuss what to do about Iran’s nuclear defiance of the UN Security Council.
Save the People of Iceland: the Official Petition
Infowars.com | Iceland may be the first Western democracy to be forced into South-American style debt-slavery.

Turkey warns Lebanon that Israel may be planning attack
Haaretz | Erdogan called on the five permanent members of the United Nations Security Council to pressure Israel over its nuclear program in the same way that the international community has been dealing with Iran.

Fake gold bars in Bank of England and Fort Knox
Pakistan Daily | A recent discovery — in October of 2009 — has been suppressed by the main stream media.
Protesters Gunned Down In Southern Afghanistan
Eurasia Review | Hundreds of Afghans took part in the demonstration, which had to be dispersed by police and the military.

Israel Hints at New Invasion of Lebanon
Ynet | “Should the (security) situation deteriorate, we’ll hold the Lebanese government and all those who help Hezbollah responsible,” said Barak at an IDF outpost overlooking south Lebanon’s villages.

Blackwater/Xe mercs arrive in Somalia, Al-Shabab says
Press TV | At least 18 people have been killed in clashes between rival factions in southern and central Somalia, and there are reports that Blackwater/Xe mercenaries have entered the country.
Obama Extends Power over Governors
Robert Stevens | Tyranny and abuse always begin with what first seems to be harmless acts of legislation.

Gun Control Advocate Shoots Intruder
Bob Ellis | What would you think if a long-time gun control advocate ended up shooting someone? Might the word “hypocrite” come to mind?

The Constitution Will Never Enforce Itself
Geoff Broughton | It is common sense that the states must have some recourse available to them should the Federal Government overreach its powers.
U.N.’s World Health Organization Wants Tax on Internet
Fox News | The World Health Organization (WHO) is considering a plan to ask governments to impose a global consumer tax on such things as Internet activity or everyday financial transactions like paying bills online.

Sacked government drugs adviser vows to tell truth
BBC | The government’s sacked former chief drugs adviser Professor David Nutt has vowed to tell the “truth about drugs” as he launched a rival advisory group.

Monsanto’s GMO Corn Linked To Organ Failure, Study Reveals
Huffington Post | Researchers found that agricultural giant Monsanto’s GM corn is linked to organ damage in rats.
‘Palpable level of angst’ over terror threat
CNN | Federal officials say there is no imminent threat of a terrorist attack on U.S. soil, but a source cites a “palpable level of angst” among those in the intelligence community.

Actor Danny Glover Says Haitian Earthquake Caused by Climate Change
Daily Telegraph | “When we see what we did at the climate summit in Copenhagen, this is the response, this is what happens.”
Unions Get Special Treatment On Obamacare
New York Post | Big Labor got some big love from President Obama and congressional Democrats yesterday.

Volcker Says New Taxes Not an “Unreasonable Response” to Federal Banker Bailout CNN | Former Fed boss neglects to mention proposed taxes on banks will be passed on to consumers.

Majority Would Vote Against Obama
Reid Wilson | A year into his tenure, a majority of Americans would already vote against Pres. Obama if the ‘12 elections were held today.
A Cass Sunstein Primer
Joe Wäges | A comprehensive list of Sunstein’s writings.

Obama’s “Green Jobs” Go to Prison Slaves
Infowars | The average prisoner makes 23 cents an hour.

Avatar Script Reveals Cameron’s Hatred for Gun Owners
John Nolte | Cameron — “I regret my choice of language in the Avatar screenplay.”
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RMN.com | The Iron Triangle - Who Is The Carlyle Group?

WHO IS THE CARLYLE GROUP?

(snip)

It is hard to imagine an address closer to the heart of American power. The offices of the Carlyle Group are on Pennsylvania Avenue in Washington DC, midway between the White House and the Capitol building, and within a stone's throw of the headquarters of the FBI and numerous government departments.

The address reflects Carlyle's position at the very center of the Washington establishment, but amid the frenetic politicking that has occupied the higher reaches of that world in recent weeks, few have paid it much attention. Elsewhere, few have even heard of it.

This is exactly the way Carlyle likes it. For 14 years now, with almost no publicity, the company has been signing up an impressive list of former politicians - including the first President Bush and his secretary of state, James Baker; John Major; one-time World Bank treasurer Afsaneh Masheyekhi and several south-east Asian powerbrokers - and using their contacts and influence to promote the group.

Among the companies Carlyle owns are those which make equipment, vehicles and munitions for the US military, and its celebrity employees have long served an ingenious dual purpose, helping encourage investments from the very wealthy while also smoothing the path for Carlyle's defense firms.

But since the start of the "war on terrorism", the firm - unofficially valued at $13.5bn - has taken on an added significance.

Carlyle has become the thread which indirectly links American military policy in Afghanistan to the personal financial fortunes of its celebrity employees, not least the current president's father.

And, until earlier this month, Carlyle provided another curious link to the Afghan crisis: among the firm's multi-million-dollar investors were members of the family of Osama bin Laden.

The closest the Carlyle Group has previously come to public attention was last May, when a Seoul-based employee called Peter Chung was forced to resign from his £100,000-a-year job after sending an email to friends - subsequently forwarded to thousands of others - boasting of his plans to "f*** every hot chick in Korea over the next two years".

The more business-oriented activities of Carlyle's staff have been conducted much more quietly : since it was founded in 1987 by David Rubenstein, a policy assistant in Jimmy Carter's administration, and two lawyer friends, the firm has been dispatching an array of former world leaders on a series of strategic networking trips.

Last year, George Bush Sr and John Major traveled to Riyadh to talk with senior Saudi businessmen.

In September 2000, Carlyle hired speakers including Colin Powell and AOL Time Warner chair Steve Case to address an extravagant party at Washington's Monarch Hotel.

Months later, Major joined James Baker for a function at the Lanesborough Hotel in London, to explain the Florida election controversy to the wealthy attendees.

We can assume that Carlyle pays well.

Neither Major's office nor Carlyle will confirm the details of his salary as European chairman - an appointment announced shortly .... READ MORE ......

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Carlyle to Form Buyout Fund With Beijing Government

(snip)

Jan. 12 (Bloomberg) -- Carlyle Group, the world’s second- largest private-equity firm, said it will set up a domestic Chinese private equity fund with the Beijing government.

The fund, to be registered in China’s capital, will be established by the Beijing Municipal Bureau of Financial Work and Carlyle Asia Partners, Carlyle said in an e-mailed statement.

The yuan-denominated fund will be entitled to “preferential treatment” from the government, it said.

Carlyle follows Blackstone Group LP, which became the first global private-equity firm to set up a 5 billion yuan ($731 million) fund with the Shanghai government in August to target investments in the eastern coastal city and neighboring areas.

China is stepping up efforts to build its own private equity industry as the government seeks to foster corporate governance and strengthen capital markets.

“You’ll see this trend continue with more global private equity titans seeking to raise domestic money in China with government-backed institutions,” said Alfred Lam, research associate at the Asian Venture Capital Journal.

“It helps deal sourcing and capital is more readily available than in other parts of the world.”

The Carlyle Asia Partners renminbi fund will invest alongside the Asia buyout group of Carlyle, which signed a memorandum of understanding with the Beijing Municipal Bureau of Financial Work, and pursue independent investments, according to the statement.
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SteveQuayle.com | Hot Headlines - January 15, 2010





Platinum to Beat Gold, Says Goldman Sachs

 Gold Investment Is Top Money-Maker of the Decade

 A Global Fiasco is Brewing in Japan

 4 Economic Scenarios You'd Better Hope Won't Materialize

 Is America's Financial Collapse Inevitable?

 Gold Rises as Traders Add Positions after CFTC

 Washington Monument's Connection to the Devil

 Obama's Secret Vault

U.S. Attorney General's 5,000 DOJ Pending Indictments Targeting Financial Fraud, And National Security

 Measuring California’s Earthquake Threat

 Slow Volcanic Eruption in Eastern Congo

Gangs Armed with Machetes Loot Port-Au-Prince

Brazil Offers to Build Voodoo Cemetery for Haiti Quake Dead

Cyber Vigilante Prompts Debate on Internet Terror Fight

Pakistan Warns Against 'Massive' Indian Arms Build-Up

 China Missile Test Tells U.S. to Back Off over Taiwan

 Tourist Killed by 'Dinosaur-Sized' Shark off South African Beach

 NASA Photographs 'Trees' on Mars

 Proof of Martians 'to Come this Year'

Sheep Gives Birth to Human-Faced Lamb in Turkey
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