Philippine Navy Adds To Regional Arms Build-Up As China Words (And Deeds) Escalate

Submitted by Luke Hunt via The Diplomat,

The Philippine navy hopes to add two more warships to its fleet as Southeast Asian countries continue to expand their militaries in response to the Chinese government’s increasingly assertive territorial ambitions in the South China Sea, also known as the West Philippine Sea.

 

Armed forces chief of staff General Emmanuel Bautista said the new acquisitions would come under the fresh U.S. military assistance plan announced last month by U.S. Secretary of State John Kerry when he visited the Philippines.

China began widening its territorial claims about five years ago to include nearly all of the seas dividing Southeast Asian countries and their northern neighbor. The claims defy international standards and maritime law, and Beijing refuses to have the dispute heard before an international court.

Its attitude has angered Vietnam, Malaysia, Brunei and the Philippines, but the four countries have struggled to forge a united front within the 10-member Association of Southeast Asian Nations (ASEAN) when dealing with Beijing over the issue.

Adding to recent tensions was Liu Yazhou, political commissar at the People’s Liberation Army National Defense University, who said in a magazine interview that the Chinese military could match the U.S. by “seizing opportunities.”

“An army that fails to achieve victory is nothing,” Liu was quoted as saying by a defense magazine “Those borders where our army has won victories are more peaceful and stable, but those where we were too timid have more disputes.”

That type of language again irritated its neighbors.

The Vietnamese have for the first time publicly marked a naval battle fought against China over disputed islands 40 years ago. Commemorations came a month after the Chinese government published new rules requiring foreign fishing vessels to seek Beijing’s permission to operate in much of the South China Sea.

Taiwan has rejected those regulations, described by some as potentially state piracy, while others have rejected or ignored them.

Vietnam has also moved to bolster its own defenses, taking delivery of its first Russian-made Kilo class submarine, which is part of substantial military upgrade by Hanoi – primarily through a multi-billion-dollar deal with Moscow. Malaysia has also added two French-made Scorpene submarines, boosting its own maritime capabilities.

Indonesia and Singapore are also expanding their fleets in what The New York Times described as “The Submarine Race in Asia.” The paper noted that much of this arms competition was being propelled by growing wealth in Southeast Asia but added these countries and China should realize that increasing their armaments can only undermine their security as well as the stability that nurtures their economies.


    



via Zero Hedge http://ift.tt/Kokvmt Tyler Durden

Chinese Money Markets Spooked Despite Slight Beat (And Miss!) In GDP

Chinese overnight repo rates were already on the rise (several trades at 5.5%: 200bps above Friday's close) as contagion concerns over wealth management product default spreads and the Chinese Business Climate Index tumbled to its lowest since June 09. Equity futures were sliding also with JPY strength and the Shanghai Composite was testing down towards the 1-handle once again. Then, amid the glorious nashing of spreadsheets and in the face of missed manufacturing and services PMIs, Chinese GDP (according to the Chinese government) came in at a better-than-expected 7.7% YoY (7.6% exp.) and handily above the all-too-crucial-to-hit 7.5% target GDP growth – but in keeping with the Schrodinger plan missed QoQ expectations (+1.8% vs +2.0% exp.). Industrial production also miraculously met expectations of 9.7% perfectly; and (shocker) Retail Sales perfectly matched expectations of 13.6% YoY. The results of all this 'meeting expectations' – JPY weakness (back down to 104 instantaneously) and implicitly US equity futures regain some momentum and scramble back close to unchanged.

 

Chinese money markets are concerned…

 

China's 4Q Business Climate Index dropped to 119.5 from 121.5 (lowest since June 09); and the Entrepreneur Index also fell to 117.1 from 119.5 (also the lowest since June 09)

 

But GDP beat expectations on a YoY basis…

 

But misses on a QoQ basis – QoQ annualized growth only 7.4% down from 9.1%

 

The response – JPY weakness and US equit yftures picks up

For a sense of just how well "managed" (or how well "trained" the analysts are) the Chinese economy is – by that we mean goal-seeked –

  • US Q4 GDP "guess" at 3.3% has a +/-0.4% error… (about a 13% standard error)
  • China's Q4 GDP "guess" at 7.6% had a +/-0.1% error… (about a 1.3% standard error)

So does that mean China is 10-times better at Central Planning?

 

As Bloomberg's Michael McDonough ( @M_McDonough ) pointed out, here are the countries most dependent on Chinese demand for their exports…


    



via Zero Hedge http://ift.tt/Ko6uoN Tyler Durden

Senoia-area cyclists ride for Lonnie

The Jan. 12 “Ride for Lonnie” fundraiser to lend a helping hand to one of Senoia’s residents had nearly three dozen cyclists from Senoia, Fayetteville, Moreland and Newnan turn out for the 17-mile and 26-mile ride through the city. The fundraiser was sponsored by Senoia Cycle Works and Katie Lou’s Cafe in downtown Senoia. Photo/Ben Nelms.

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54W corridor study gets $70K from PTC Council

A $70,000 corridor study to gauge future improvements for traffic-choked Ga. Highway 54 West was approved Thursday night on a 3-2 vote of the Peachtree City Council.

Councilman Eric Imker strenuously objected to the study, saying it was too expensive and that the city should wait and see the benefit of a traffic signal timing improvement project that should be operational by April.

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Senoia updates historic structure rules

Sometimes it’s a good idea to review local guidelines and practices to make sure they are still relevant to current needs. That was the case last week when the Senoia City Council approved a small number of changes to the city’s guidelines for the rehabilitation and maintenance of historic structures.

“This is a modernized version of what we’ve had for years,” said City Manager Richard Ferry prior to the unanimous vote to accept the updated guidelines which had been reviewed over the past few months. “Guidelines need to be reviewed from time to time.”

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Firing Squads Set To Return With A Bang, As Lethal Injection Shortage Persists

Chalk this one up to US (f)austerity, and a $1.1 trillion omnibus spending bull that forgot to add Pentobarbital among the billions in pork spending.

Two months ago we reported that due to a shortage of Pentobarbital, Ohio would be unable to execute death row convicts. It appears that the shortage has persisted into the new year, and now some states are taking matters into their own hands. Or rather the hands of the firing squad. As NBC reports, due to the lethal drug shortage, lawmakers in at least two states to call for the return of firing squads. “Missouri state Rep. Rick Brattin, a Republican representing Harrisonville, introduced legislation Friday (.pdf) that would add five-person firing squads as an alternative to the state’s current method of capital punishment, lethal injection.”

Ostensibly, the reason why firing squads may be back with a, well, bang, is due to the “unethical” and “inhumane” prolonged death death last Thursday of Dennis McGuire in Ohio who was executed using a new combination of drugs that had never been used in a US execution before.

It took almost 25 minutes for McGuire, who was executed for raping and murdering a 22-year-old pregnant newlywed, to die gasping and choking Thursday from a new combination of drugs that had never before been used in a U.S. execution. McGuire’s family said Friday it intends to sue Ohio prison officials for what they called McGuire’s “torture.”

And while Missouri can still enforce the death penalthy using lethal gas, its gas chamber hasn’t been functional since 1965. Which means that should the legislation pass, a firing squad may be used as soon as January 29: “With the state’s next execution scheduled for Jan. 29, “we’ve been having all of these troubles getting the drugs to administer the lethal injection,” Brattin told the statewide radio network Missourinet on Friday. “I was just looking at a second option, something we could do if we had to utilize the death penalty and we could not administer the lethal injection,” Brattin said. Besides being “quick and something we could do at a moment’s notice,” he said, an execution by firing squad would be more humane than McGuire’s ordeal.”

While Oklahoma law provides for firing squads if lethal injection is ever ruled unconstitutional, only Utah actually continues to use them, and then only for inmates convicted before 2004 as it seeks to phase them out.

The current shortage of the traditional lethal injection of Pentobarbital may mean this changes soon:

State Sen. Bruce Burns filed a similar bill (.pdf) Monday in Wyoming, saying the state would have to do something soon before it runs out of approved drugs for lethal injections.

The good news: bullets are cheap.

State Sen. Bruce Burns filed a similar bill (.pdf) Monday in Wyoming, saying the state would have to do something soon before it runs out of approved drugs for lethal injections.

The better news: an all too ethical and too easily distracted society will very soon have even more violent and absolutely meaningless Twitter fights over the ethics of said firing squads (while it is actively pretending to look for a job)… and the NSA will be just as busy recording all of it.


    



via Zero Hedge http://ift.tt/1miHfjE Tyler Durden

Symposium for Fayette, Coweta focus on human trafficking

Some in the communities spanning Fayette and Coweta counties might be surprised to learn that human trafficking is a problem not only in America, but in Georgia. A symposium calling for an end to human trafficking will be held Feb. 1 at Cornerstone United Methodist Church in Newnan.

The “End Human Trafficking” panel will feature Ga. Attorney General Sam Olens, Assistant U.S. Attorney Susan Coppedge, Wellspring Living representative Mary Frances Bowley, and members of the Ga. Bureau of Investigation and U.S. Immigration and Customs Enforcement.

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Battle of Brown’s Mill reenactment slated for next weekend

Those interested in American history will be able to get an up-close look at a portion of it later this month. The weekend of Jan. 24-26 will feature the Battle of Brown’s Mill-Hospital Town Reeanctment 2014.

To be held at the historic battlefield site on Millard Farmer Road, the event will be the kick-off for the upcoming 150th anniversary of the Battle of Brown’s Mill which will include a reenactment of the battle and of Newnan as a “hospital town” during the Civil War.

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Battle of Brown's Mill reenactment slated for next weekend

Those interested in American history will be able to get an up-close look at a portion of it later this month. The weekend of Jan. 24-26 will feature the Battle of Brown’s Mill-Hospital Town Reeanctment 2014.

To be held at the historic battlefield site on Millard Farmer Road, the event will be the kick-off for the upcoming 150th anniversary of the Battle of Brown’s Mill which will include a reenactment of the battle and of Newnan as a “hospital town” during the Civil War.

read more

via The Citizen http://ift.tt/LDYb9j