"Sinocism is the Presidential Daily Brief for China hands"- Evan Osnos, New Yorker Correspondent and National Book Award Winner

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• US Feds Falsely Censor Popular Blog For Over A Year, Deny All Due Process, Hide All Details… | Techdirt – China would be proud
• Should Pearson Its Buy of Beijing’s Global Education Due To Insider Trading?– Absaroka says short global education and technology $gedu because Pearson may now cancel the deal. Pearson should kill the deal, as this blindingly obvious insider trading shows management both stupid and willing to cheat, and Pearson will lose a lot more if they actually give GEDU money.Call it an embarrassing lesson for Pearson in China
• All Things Nuclear • More on the Chinese Warhead Issue – The various reports presented by Dr. Philip Karber of Georgetown University have focused on two main issues: Chinese tunnels and the number of warheads China may have. The vast majority of his reporting and the reference material his students collected are about the tunnels. I have tried to be clear from the beginning that I am only talking about the warhead numbers, since that is the issue where the Union of Concerned Scientists has expertise.
  While the warhead issue is a relatively small part of the presentations Dr. Karber has been giving, it has been prominent and attracted attention because the number of Chinese nuclear weapons he has discussed is 10 to 15 times larger than most estimates. Not surprisingly, those of us who follow these issues have wanted to understand the source of those numbers, since this issue is important for U.S. policy.
• All Things Nuclear • The Sources of Karber’s Sources – For several months now, I have been researching the origin of the very high estimates of Chinese warheads presented recently by Georgetown professor Phillip Karber—a search that has taken me to Hong Kong and the Caltech library. Based on that, here is what I believe the story is. I am continuing to track down the details.
• Alibaba seeks $4 billion in financing for Yahoo stake: sources | Reuters –
• U.S. Miffed Over India’s Internet Crackdown – India Real Time – WSJ –
• Hong Kong luxury IPOs chase the dragon – Asia Stocks to Watch – MarketWatch– Luxury brands are flocking to list in Hong Kong in a bid to tap the region’s swelling middle class, and while trading conditions are tough, the Chinese zodiac could deliver an unlikely boost to top-end retailers.By 2015 China will account for around 20% of global luxury sales, according to McKinsey & Co., surpassing Japan as the world’s largest luxury market. Total sales are expected to hit $27 billion.
• Australia wants transparent appeal from China – Yahoo! News –
• ‘Magic Mushrooms’ Return to Psychology Labs 40 Years After Leary – Bloomberg – The new research, largely driven by the psychiatric community, is also testing psychedelics for use against depression, chronic headaches and addiction as current scientists, much like their 1960s predecessors, seek to understand the “consciousness-expanding” effects of the drugs.
  New Generation
  “There’s a renaissance of interest,” said Charles Grob, a professor of psychiatry and pediatrics at the UCLA, who researches psychedelics. “It took some decades for a new generation of scientists to step up, but there was never any doubt these compounds had potential. It was the ‘60s that intruded.”
• 乡亲们——李克君“留给未来的文化记忆” – 鲍昆的博客 | 鲍昆的博客 | 博联社 –
• TechCrunch Disrupt Beijing Winner OrderWithMe Raises $3 Million From Infinity Venture Partners, SOSventures | TechCrunch –
• Video: “Man without money is trash. Marriage is a colossal-sum transaction.” | Ministry of Tofu 豆腐部 – A video, filled with face-to-face interviews with single men and women in Beijing, sparks debate on Chinese Internet. Even though the video serves as a trailer for a comedy titled “A Big Deal,” literally “A Colossal-sum Transaction,” and should not be taken as a news documentary, many of the hard-hitting arguments have touched upon the problem of materialism that is believed to stem from China’s breakneck speed of economic growth, income disparity, rising cost of living and degenerating moral standards. Many of net users consider the video an accurate reflection of reality, and harshly denounced the mentality of women in the video. However, the video was also criticized by a small number of users as being one-dimensional and inflammatory.
• Pivot Capital On China’s Investment Boom (And Pending Bust) | ZeroHedge –
• 内蒙古自治区原副主席被审查起诉 多名部下已被查办_资讯频道_凤凰网 –
• Air France 447 Flight-Data Recorder Transcript – What Really Happened Aboard Air France 447 – Popular Mechanics –
• Drone Crash in Iran Reveals Secret U.S. Surveillance Bid – NYTimes.com – The stealth C.I.A. drone that crashed deep inside Iranian territory last week was part of a stepped-up surveillance program that has frequently sent the United States’ most hard-to-detect drone into the country to map suspected nuclear sites, according to foreign officials and American experts who have been briefed on the effort.
• Names of China’s Secret Astronauts Revealed by Autographed Envelope – Yahoo! News – Could a collectible have just outed the names of China’s second group of astronauts?
  That is the conclusion reached by two international space observers, who found an offer for a postmarked envelope — or “philatelic cover,” as collectors refer to it — signed by seven Chinese pilots. The group included two women, one of whom may soon be China’s first female astronaut, or “taikonaut,” to reach space.
• China Arrives in Durban Greener than Ever – The Chinese are slowly changing course, however. Chinese emissions are steadily rising due to their strong economic growth but the country is working hard to manage its growing middle class and economic growth in a sustainable manner, as this column will show. China’s ability (or inability) to slow its emissions growth will have a huge impact on global warming.
• Nina Hachigian-Senior Fellow at American Progress –
• MF Global and the great Wall St re-hypothecation scandal– (Business Law Currents) A legal loophole in international brokerage regulations means that few, if any, clients of MF Global are likely to get their money back. Although details of the drama are still unfolding, it appears that MF Global and some of its Wall Street counterparts have been actively and aggressively circumventing U.S. securities rules at the expense (quite literally) of their clients.MF Global’s bankruptcy revelations concerning missing client money suggest that funds were not inadvertently misplaced or gobbled up in MF’s dying hours, but were instead appropriated as part of a mass Wall St manipulation of brokerage rules that allowed for the wholesale acquisition and sale of client funds through re-hypothecation. A loophole appears to have allowed MF Global, and many others, to use its own clients’ funds to finance an enormous $6.2 billion Eurozone repo bet.

  If anyone thought that you couldn’t have your cake and eat it too in the world of finance, MF Global shows how you can have your cake, eat it, eat someone else’s cake and then let your clients pick up the bill. Hard cheese for many as their dough goes missing.

• Three Months After Bartz’s Firing, It’s Hurry Up and Wait at Yahoo (A Big Honking Update) – Kara Swisher – Media – AllThingsD – There is also pressure from activist shareholders like Daniel Loeb of Third Point, who has attacked Yang and others on the board and is ready to pounce with a proxy fight if Yahoo tries to override shareholders too egregiously. And, of course, the inevitable lawsuits over any arrangement that seems to block a whole-company bid.
  That said, such a mega-deal seems unlikely, since it is too pricey and despite a lot of noise that Yahoo’s Asian partners were ready to strike with a takeover in order to get back Yahoo’s big stakes in their companies.That’s kind of like buying a store to get back the cool pair of shoes you sold, but bankers love to scheme up this stuff. While it certainly could happen, it would be a bear of a deal.
• Alibaba Is Desperate To Cut A Deal With THIS Yahoo Board–Before It’s Replaced By A Smarter One –
• Entrepreneur’s Rival in China – The State – NYTimes.com– According to Cathay, a factory manager stole its secrets and started a rival company that has begun selling a suspiciously similar ingredient, undermining Cathay’s profits. Instead of planning to go public, Cathay is now struggling to stay in business.In this counterfeit-friendly nation, employees run off with manufacturing designs almost daily. But according to Cathay, this was copying with a special twist: the new competitor, Hilead Biotech, is backed by the Chinese government.
• LumDimSum » Blog Archive » The New and Improved 1949 Duck de Chine Jinbao Jie –
• Former Chambersburg man indicted for international kickback scheme – Chambersburg Public Opinion – According to the indictment, Malinowski was employed by ASF-Keystone for more than 15 years and worked in the company’s office on Simpson Ferry Road in Camp Hill. Allegedly the managing director of international activities for Amsted Rail/ASF-Keystone, Malinowski traveled frequently to other countries, including China, and dealt with Li Juan and Sinorail.
  Li Jian worked for Sinorail Information Engineering Group, a wholly owned subsidiary of the Chinese Ministry of Rails, a member of the State Council of the People’s Republic of China, according to the indictment. Tang Yuhua, a Chinese national, is in the United States as a correspondent for a Shanghai newspaper [UN correspondent for Shanghai Wenhui Bao].
  The grand jury found that Li Jian allegedly arranged with Tang Yuhua to illegally divert nearly $100,000 in commission payments made by Amsted Rail to Sinorail, according to the indictment.
• 明鏡新聞網: 快訊：上海文匯報駐聯合國記者在美國遭逮捕 – 根據美國媒體的報導，兩名中國公民被指控轉移將近10萬美元的回扣，其中一人為上海媒體駐聯合國特派記者，根據明鏡得到的消息，此名人士為上海《文匯報》駐聯合國首席記者唐宇華，目前唐宇華已遭逮捕。
• Chinese Firms Tired of Wall Street Shift to H.K. – Bloomberg – China Renaissance Partners, a Beijing-based investment bank that advised New York-listed E-Commerce China Dangdang Inc. (DANG) and NetQin Mobile Inc., is working on potential deals that may result in listings in Hong Kong, Chief Executive Officer Bao Fan said. Some involve U.S.-listed companies that may be taken private, he said without naming them.
  “Hong Kong, over time, will overtake the U.S. as the preferred place of listing for Chinese technology companies,” Bao said. “In the long term, the core group of holders in these Chinese technology firms will have to be Chinese,” rather than overseas, investors, he said.“Most of the U.S. investors don’t understand China very well,” Bao said.//LOL. Bao has raised billions from US investors for Chinese firms. That well almost tapped given the post-ipo collapses?
• Sino-Forest May Go Private, Seek Merger as Martin Tries to Exit ‘Morass’ – Bloomberg –

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