Thursday, November 18, 2010
Twitter problem
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 fiancé 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 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.
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