Sheldon Adelson's financial dealings in Chinese/Macau casino's under investigation

The NY Times reports that Sheldon Adelson is under investigation for questionable dealings related to the casino's Adelson has built in Macau (China).  The videos below are a pair of excellent reports by Rachel Maddow and Ed <??> both of MSNBC.  They go into details about what Adelson did to set up the casino's in Macau, including what amounts to bribery of local officials as well as massive missing amounts of money.

In the U.S., Adelson is acting as a kingmaker in the Presidential race, as one of the better known richer-than-God people who are funneling unlimited amount of money to support chosen Republican causes.  For example: "On Tuesday, Mitt Romney’s running mate, Representative Paul D. Ryan, is to appear at a fund-raiser at the Sands’s Venetian casino in Las Vegas; Mr. Adelson is likely to attend, according to a person close to him."

According to a WSJ report the dealings are under investigation by the Justice Department and the Securities and Exchange Commission.


http://www.nytimes.com/2012/08/14/us/politics/sheldon-adelsons-dealings-in-china-are-under-investigation.html?emc=na

http://online.wsj.com/article/SB10000872396390443537404577578900341481654.html

Visit NBCNews.com for breaking news, world news, and news about the economy

Visit NBCNews.com for breaking news, world news, and news about the economy

Is China rattling their sabers towards Japan? Geopolitics in Asia

China is no longer a 3rd world country. They are rapidly industrializing and their military is growing stronger and stronger. Maybe they'll try to use that military against other countries in addition to the economic power they're exerting on the world stage. According to Defense Tech, Japan is reporting a higher rate of jet fighter intercepts where Japanese fighters scrambles to intercept Chinese jets attempting to enter Japanese airspace.

The record-setting 83 times between April and September of this year was three times the number of interceptions made by the Japanse Air Self Defense Force against Chinese planes during the same six-month period in fiscal year 2010, according to the Japanese paper Asahi Shimbun.

This comes as China is fielding its first aircraft carrier, anti-ship ballistic missiles, a ton of spy satellites and even MRAPs. Oh yeah, it’s also developing a stealth fighter and a host of new UAVs.

Chinas policy is to "protect that which is ours" but they haven't clearly stated what they think is theirs.

“I’d be a lot happier if knew exactly what their intent was,” said Bruce Carlson, National Reconnaissance Office director while discussing the Pentagon’s space warfare preparations last month. “They’re an incredibly modern society but their military philosophy goes all the way back to probably, 4,000 years ago. They believe in deception, that’s just one of their mantras so I remain concerned about their intent and exactly what it is, I do not know — but I’m concerned about it.”

Japan Intercepting Record Numbers of Chinese Planes

America's Growing Trade Deficit Is Selling The Nation Out From Under Us. Here's A Way To Fix The Problem--And We Need To Do It N

This is a opinion piece by Warren Buffet warning the U.S. about the dangerous situation we've gotten ourselves into. He uses an analogy of Thriftville and Squanderville, two neighboring communities, one of whom takes over the other through purchase rather than through conquest.

At that point, the Squanders are forced to deal with an ugly equation: They must now not only return to working eight hours a day in order to eat--they have nothing left to trade--but must also work additional hours to service their debt and pay Thriftville rent on the land so imprudently sold.

...More important, however, is that foreign ownership of our assets will grow at about $500 billion per year at the present trade-deficit level, which means that the deficit will be adding about one percentage point annually to foreigners' net ownership of our national wealth.

...The likely outcome of an IC plan is that the exporting nations--after some initial posturing--will turn their ingenuity to encouraging imports from us. Take the position of China, which today sells us about $140 billion of goods and services annually while purchasing only $25 billion.

Article Reference: 

America's Growing Trade Deficit Is Selling The Nation Out From Under Us. Here's A Way To Fix The Problem--And We Need To Do It Now

extvideo: