Thursday, November 18, 2010

Mental Health Break

Twitter problem

This will never happen in America because the United State is the land of the freedom, which means they have right to say whatever they want. However, Chinese do not have that right. And like Facebook, China blocked the twitter, so people cannot have freedom of speech, but this woman is imprisoned for re-twitting. 
A Chinese woman was sentenced to one year in a labor camp on Wednesday after she forwarded a satirical microblog message that urged recipients to attack the Japanese Pavilion at the Shanghai World Expo, human rights groups said Thursday. The woman, Cheng Jianping, 46, was accused of “disturbing social order” for resending a Twitter message from her fiancĂ© that mocked young nationalists who held anti-Japanese rallies in several cities last month. The original message sarcastically goaded protesters to go beyond the smashing of Japanese products and express their fury at the heavily policed expo site.
She used the twitter by burrowing beneath the government's firewall and I do not understand why she had to use twitter so badly. I think imprisoning her for a year for twitting is kind of harsh, but she needs some punishment because she disobeyed the law.

Ireland in big trouble

Ireland have never accepted any financial aids from any country before. But this time, they are looking for help from other countries and group like International Monetary Fund and the European Central Bank because they cannot bailout by themselves.
 Ireland had been reluctant to accept any bailout that came with strings attached. But on Thursday, Finance Minister Brian Lenihan told the Irish Parliament that it would be a “very desirable outcome” if a contingency capital fund could be established with the European Union, the International Monetary Fund and the European Central Bank. Ben May, an economist with Capital Economics in London, said the size of any bailout would depend on what the examiners found on the books of the Irish banks. He said that 60 billion euros ($82 billion) might suffice if it was to cover only the government’s financing needs for the next few years but that more might be necessary to have firepower in reserve.
I personally do not understand why Ireland did not get loan from IMF or other countries earlier, but I think it is really good they are trying to get loan from them because South Korea was once in a financial deficit, and overcame it by getting loans from IMF. Of course it does not mean they are going to be a strong nation again, but they at least get a shot at becoming better country than they are right now.