Static Chaos's blog

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U.S. stocks dropped more than one percent on Tuesday with two Korea's exchanging fire adding to the already worrisome Irish debt crisis in Europe. Europe's debt crisis has mostly been factored in, so the new development in Korea is what really jolted the market.

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Jailed Chinese dissident Liu Xiaobo won the 2010 Nobel Peace Prize on Friday for "two decades of non-violent struggle for human rights". China is totally livid and called the award "an obscenity".

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Google unveiled a “transparency tool” that gives information about requests it receives for user data or content removal from government agencies. The most recent data set--Jan. 2010 to Jun. 2010--the U.S. reign supreme this time around with 4,287 data requests, up almost 20%.

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A Third Sino-Japanese War?

For centuries, the relationship between China and Japan may be best described as tense to turbulent with two Sino-Japanese wars all within the last century or so. However, the fuse was lit again this month when Japan seized a Chinese fishing boat near a disputed border. The Third Sino-Japanese War could be brewing, but with brand new battle formation this time around.

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Both the U.S. and EU governments allege that a planned tax cut by Taiwanese government on domestic rice wine will create an unfair competition to imported whisky, cognac and brandy,and have threatened to file a WTO case against Tawian. As battle clouds are gathering at the WTO, it seems high time for some quick cross-cultural understanding....on rice wine.

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New Jersey (and several banks for that matter) got the luck of the Irish as they were able to pull an Enron accounting trick without any consequences after settling a related suit with the SEC.