BEIJING -- Last week, with the backing of the World Trade Foundation (WTF), the WTO declared that China's policy of allowing the goods to be imported only by state-run firms "broke global trade rules." This US-initiated investigation is yet another example of how the United States are helping other nations and fixing their political and economic systems.
Explaining that China's centrally-planned communist system was naturally inferior to its own free-market capitalist establishment, America filed the WTO complaint against China's import regulations. It ruled that, in essence, Chinese central planning and state-run trade policy, a pillar of the communist political system, was incompatible with the US, requiring it to adjust.
The WTF applauds America's determination to--just like in Vietnam and Iraq--forego a nation's right to sovereignty when necessary to assist that nation and help it conform its political systems to the Americans'. In a few years' time, the Chinese economy will start to resemble its American counterpart much more and the Chinese people will finally have wide-spread and proper access to important services such as McDonald's, Coca-Cola, and Ford vehicles.
Hoping to further minimize the potentially negative influence of Chinese culture, the US is also considering imposing import restrictions on major exports, such as car and truck tires, from the Asian manufacturing giant. In turn, the US aims to be able to better reach Chinese customers through China's privatized distributors, thus aiding the materialization of a more global American Dream.
Related reading: http://news.bbc.co.uk/2/hi/business/8205014.stm
Monday, August 17, 2009
Monday, August 10, 2009
Ethical Investing
FRANKFURT -- Ever since man first laid aside resources for better use elsewhere, man has been investing. This practice has come a long way since then. Even the days of speculation seem to be over; the notion of more traditional and longer-term loyalty investments is slowly reconquering the minds of bankers and investors around the world. This is a special report by the World Trade Foundation (WTF) documenting the rise of this latest fad.
One of the pioneers and principal supporters of this trend is religion. More and more banks are now offering special banking services to suit the requirements of various religions, reflected in the growing availability of options such as Sharia banking in the world today.
However, a recent incident at a German Roman Catholic bank reveals that some of these banks are already abusing their clients' trust. In this particular case, invested some of its clients' assets in impious ventures such as defence, birth control, and tobacco.
Following the revelation of this trespass of beliefs and values, the bank issued a statement of apology. Nonetheless, the WTF warns that similar abuse of trust is imminent and poses a significant threat to modern society.
In our modern day and age, church and the state are separate. However, in order to continue to preserve the positive morals and values of our society and ancestors, the church must exercise some form of power: religious ethical banking is the solution. Yet if our banks continue to invest in these sinful practices, no matter how profitable, society will never be able to rid itself of evils such as birth control and stem cell research.
Related reading: http://news.bbc.co.uk/2/hi/europe/8180739.stm
One of the pioneers and principal supporters of this trend is religion. More and more banks are now offering special banking services to suit the requirements of various religions, reflected in the growing availability of options such as Sharia banking in the world today.
However, a recent incident at a German Roman Catholic bank reveals that some of these banks are already abusing their clients' trust. In this particular case, invested some of its clients' assets in impious ventures such as defence, birth control, and tobacco.
Following the revelation of this trespass of beliefs and values, the bank issued a statement of apology. Nonetheless, the WTF warns that similar abuse of trust is imminent and poses a significant threat to modern society.
In our modern day and age, church and the state are separate. However, in order to continue to preserve the positive morals and values of our society and ancestors, the church must exercise some form of power: religious ethical banking is the solution. Yet if our banks continue to invest in these sinful practices, no matter how profitable, society will never be able to rid itself of evils such as birth control and stem cell research.
Related reading: http://news.bbc.co.uk/2/hi/europe/8180739.stm
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