Due to to the severing of undersea cables near Taiwan, much of Asia is currently experiencing a severe loss of internet connectivity.
This site will be on a brief hiatus until internet service improves. While we hope that will happen quickly, reports have indicated that repairs may take as long as three weeks. Most international websites either cannot be accessed from Mainland China or take an excessively long time to load. Access to RSS feeds is also spotty.
The outage is — to various degrees — affecting most of East Asia, including Singapore, Malaysia, Thailand and Hong Kong.
Technorati Tags: east asia
One of Asia’s staple food products is a health risk. A commentator for the conservative US site World Net Daily has warned that “a devil food is turning our kids into homosexuals.”:
Soy is feminizing, and commonly leads to a decrease in the size of the penis, sexual confusion and homosexuality. That’s why most of the medical (not socio-spiritual) blame for today’s rise in homosexuality must fall upon the rise in soy formula and other soy products. (Most babies are bottle-fed during some part of their infancy, and one-fourth of them are getting soy milk!) Homosexuals often argue that their homosexuality is inborn because “I can’t remember a time when I wasn’t homosexual.” No, homosexuality is always deviant. But now many of them can truthfully say that they can’t remember a time when excess estrogen wasn’t influencing them.
A comment AP has received from a friend in Canada debunks the article:
There are a host of things wrong with this article. The assumption that being gay is bad, and should be curtailed. The anecdotal presentation of unnamed scientific studies as fact (cite them, darn it, and check literature reviews for other research). The assumption that sexual preference is connected to hormones. (If it makes penises smaller, it must make men gay!) The logical contradiction provided in his conclusion, when he says some soy is okay. The avoidance of contrary evidence - if soy is more prevalent now than in the past, and causes gayness, then one would expect population studies to show this. Where is “today’s rise in homosexuality” that he talks about? Television sitcoms? Same-sex legislation?
AP had already disregarded the validity of the article due to the use of “devil food’ in the headline. As we are of Irish ethnicity, we reject the idea that Soy milk is the devil when another beverage can make a claim that is much more solid. And this site will not speculate about what high soy content in a national diet may mean for penis size (commentors can fire away).
That said, Rutz — to his credit– does note that there is no risk from the consumption of soy sauce or other products that contain fermented soy. With that, readers can rest assured that neither natto nor stinky tofu will cause shrinkage or impotence (although the associated bad breath may limit attractiveness)..
No, China has not yet decided to dump its Treasury bonds… but give it time.
AsiaPundit closely tracks both the Chinese currency and the US dollar. However, we don’t pay nearly as much attention to global prices for base metals. As such, we are a bit late in bringing you details of a global currency meltdown that is so severe that the United States is passing new capital control measures.:
WASHINGTON — People who melt pennies or nickels to profit from the jump in metals prices could face jail time and pay thousands of dollars in fines, according to new rules out Thursday.
Soaring metals prices mean that the value of the metal in pennies and nickels exceeds the face value of the coins. Based on current metals prices, the value of the metal in a nickel is now 6.99 cents, while the penny’s metal is worth 1.12 cents, according to the U.S. Mint.
Under the new rules, it is illegal to melt pennies and nickels. It is also illegal to export the coins for melting. Travelers may legally carry up to $5 in 1- and 5-cent coins out of the USA or ship $100 of the coins abroad “for legitimate coinage and numismatic purposes.”
For those who, like ourselves, are deficient in mathematics that means that a US nickel is worth almost 40 percent more melted down than it based on its denomination. Chinese demand for base metals is generally cited as a prime reason for rising prices.
And it is not just the US. This is indeed a global currency meltdown. As this 2003 article notes China has been seeking European coins for melting. Within Asia, there is massive smuggling of the Philippine peso to buyers in China.:
MANILA : With a face value of less than two US cents the humble Philippine one peso coin may be worth next to nothing at home but in metal-hungry China it spells big bucks.
So much so that smuggling of the coins has become something of a growth industry in the Philippines and a major headache for the central bank.
According to local media reports, the coins are sold in China for 1,000 pesos (US$20) per kilogramme and the metal derived from melting them down is used in the manufacture of electronics goods like mobile phones.
As we have not heard any reports of the melting of the Chinese yuan, we assume that either the nickel-plated steel material is worth more in coin rather than base-metal form or that owners of blast furnaces in China are betting on further appreciation of the local currency.
However, if anyone knows differently please comment — AP may yet consider requesting that our employer pay us in coins.
The turmoil inside Hong Kong’s South China Morning Post continued Monday with the forced resignation of the paper’s business editor,
“This weekend, an editorial in China Youth Daily, a newspaper published by the Chinese Communist Youth League, said the debate over the proposed real-name Web registration system in China, while “animated”, had shown an unprecedented degree of civility, with emotions less prominent and more “reasoned criticisms approaching [the question] from a technological standpoint”.
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