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Thursday, 11 August 2016

THAAD will not protect ROK but cripples UN unity on NK nukes; Sino-US ties should surmount saber-rattling



Public opinion in the Republic of Korea is divided over whether the deployment of the United States' Terminal High-Altitude Area Defense anti-missile system is in the national interest.

Many of those in their 20s, 30s or 40s disagree with the decision. And anti-THAAD lawmakers have demanded an open debate in the National Assembly to discuss whether the THAAD is really in the ROK's interests militarily, diplomatically and economically.

THAAD is incapable of defending against the potential missile threat from the Democratic People's Republic of Korea, as the DPRK's missiles travel at a lower altitude than those THAAD is designed to intercept. Even if that was not the case, one THAAD battery would not be able to provide protection against all the DPRK missiles. The capital Seoul and its adjacent metropolitan area, the country's most populous regions, are even outside the protection range of THAAD.

However, the system's X-band radar has a range of at least 2,000 km, which is the real reason the United States wants it deployed in the ROK as it will be able to snoop deep into Chinese and Russian territories.

Seoul claims that it will adopt the radar with a detectable range of 600-800 km, but the mode change can be made at any time in accordance with the needs of the US military that will operate the THAAD battery in the ROK.

If THAAD is deployed, it will sour the ROK's relations with China and Russia, trigger an arms race and damage trade. It will make it difficult for the country to seek cooperation from China and Russia in denuclearizing the peninsula.

Seoul should heed the voices saying the only way to denuclearize the peninsula is through peace talks and changing the armistice treaty after the 1950-53 Korean War into a peace treaty. - China Daily

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South Korean leader should listen to anti-THAAD voices
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THAAD cripples UN unity on NK nukes


The UN Security Council failed to agree on a US-drafted statement that condemns North Korea's latest ballistic missile launch on Tuesday, because China demanded the statement oppose any provocative moves that take advantage of North Korea's nuclear threat and missile project to enable a deployment of anti-missile systems in Northeast Asia.

China's proposition is aimed at the Terminal High Altitude Area Defense (THAAD) missile system that will be stationed by the US in South Korea. Since the US and South Korea announced the plan, the UN Security Council has failed twice to reach agreement over North Korean missile launches because of the major split between China and the US.

The planned deployment is adding a new challenge to the vulnerable geopolitical landscape of Northeast Asia. The international collaboration against North Korea's nuclear project has been crippled. A degenerative aura of the Cold War is emanating from the US-Japan-South Korea alliance.

China does not have a motive to encourage North Korea to develop nuclear weapons or ballistic missiles, because at the cost of its ties with the North, it has been a backer of the UN Security Council's sanctions against it. However, the US and South Korea went too far and made use of North Korea's nuclear threat to deploy THAAD, which will cause great harm to China's national security. Given China's cooperation in sanctioning North Korea, it is nothing but a stab in the back.

North Korea's nuclear ambition was primarily triggered by long-standing military pressures imposed by South Korea and the US. The escalating pressures have met bolder nuclear projects. China being a well-intentioned and responsible mediator has been paid back by a threatening advanced military system.

The US and South Korea are strongly convinced that they are absolutely right in this case, and any disagreement is totally wrong. The narrow-mindedness renders all proposals fruitless and futile.

The Korean Peninsula is intertwined with too many complications and concerns. The deployment of THAAD is a selfish and reckless move that will break the fragile balance with terrible outcomes: There will be a huge setback in the Sino-South Korean relationship; the susceptible Sino-US collaboration over Northeast Asia will collapse - all will result in a reconfiguration of each stakeholder's policy on the region.

Although unwilling to go to war, all players in the big game should reflect on their policies as growing tensions have turned them more defensive rather than open.

The major-power rivalry between China and the US is behind many disputes in East Asia. Beijing and Washington seem to have a tacit understanding that their rivalry won't explode into a physical conflict. However, some countries cannot look at the big picture, and are eager to pick sides, but they will only find that they are cannon fodder.

China and the US are exchanging blows over THAAD, but they won't get into a real fight. However, if South Korea leaps headlong into this round of games and becomes a US agent, it will put itself in the middle of a new crisis.

South Korea is a confused player in the big game. It might eventually find out that THAAD will not bring about what it really expects.- Global Times

Sino-US ties should surmount saber-rattling


US naval ship visits Qingdao after disputed South China Sea ruling


https://youtu.be/wkOwZwuDOyg

US naval ship visits Qingdao after disputed South China Sea ruling

A US Navy guided missile destroyer has arrived in the northern Chinese port of Qingdao. This is in the first visit by an American warship to China, after China refused to accept an arbitration ruling on the South China Sea dispute.US Navy guided missile destroyer the USS Benfold arrived in the northern Chinese port of Qingdao on Monday, marking the first visit by a US military ship to China since the South China Sea arbitration. This visit is believed to be a signal and an opportunity for both countries to ease tensions between them.

Before the arbitration award was announced, Washington deployed two aircraft carriers in and around the South China Sea, an obvious move to flex their muscles, pile pressure on China and encourage its allies. China responded in kind with a large military drill in the region and a routine combat patrol. Both countries have engaged with each other in a fierce tug of war.

This is not the whole picture of Sino-US relations, not even their military relationship. Not long ago, the US kept its invitation for China to participate in its Rim of the Pacific military exercise, which is mainly attended by its allies.

The Chinese shouldn't always push the USS Larson's provocations in the South China Sea into the limelight, nor can they easily turn over a new leaf with the US as the USS Benfold came in peace. We shouldn't be tricked by a single gesture from Washington. Both China and the US must admit that the undefined Sino-US ties will continue being shaped in the future.

China and the US are exercising more precautions against each other, and they should get used to the new developments, such as a limited arms race, and not having to take the other's defensive actions as unacceptable.

Throughout the history of human civilization, China and the US have engaged in the most peaceful rivalry between an emerging power and an established power. The Chinese should know as a dominant powerhouse, the US is relatively rational, and has not opted for harsh gambits. Washington also admits that China is a rational and careful emerging power, and pays enough respect to US national interests.

However, both China and the US still feel their own national security is being challenged by each other. Frankly speaking, China feels more insecure than the US. The US doesn't have to overreact as for a long time to come, China won't be powerful enough to launch a showdown against the US.

China should speed up its military modernization and narrow the gap with the US in military strength. The priority should be an increase in strategic military deterrence. The US shouldn't see this as a hostile move. It must know that it cannot sustain an overwhelming military advantage over other countries forever. A strategic balance is essential to world peace in the nuclear age.

China has no plan to dominate Asia with its military prowess. What is happening in the East and South China Seas are simply territorial disputes, not a prelude for China to overturn the current world order.

China and the US should nurture a strong awareness of risk control and strategic trust to ensure the incessant frictions won't become a real conflict.

Saber-rattling remarks do not mean both sides are ready for a war. Both sides must strive to avoid a military showdown. Whether they like it or not, they should respect the other's core national interests. - Global Times

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Wednesday, 10 August 2016

Bitcoin is not money, judges rules in victory for backers


Ruling means no specific licence needed to buy or to sell crypto-currency


Bitcoin, a Florida judge says, is not real money. Ironically, that could provide a boost to use of the crypto-currency which has remained in the shadows of the financial system.

The July 22 ruling by Miami-Dade Circuit Judge Teresa Pooler means that no specific license is needed to buy and sell bitcoins.

The judge dismissed a case against Michel Espinoza, who had faced money laundering and other criminal charges for attempting to sell $1,500 worth of bitcoins to an undercover agent who told the defendant he was going to use the virtual money to buy stolen credit card numbers.

Espinoza's lawyer Rene Palomino said the judge acknowledged that it was not illegal to sell one's property and ruled that this did not constitute running an unauthorized financial service.

"He was selling his own personal bitcoins," Palomino said. "This decision clears the way for you to do that in the state of the Florida without a money transmitting license."

In her ruling, Pooler said, "this court is unwilling to punish a man for selling his property to another, when his actions fall under a statute that is so vaguely written that even legal professionals have difficulty finding a singular meaning."

She added that "this court is not an expert in economics," but that bitcoin "has a long way to go before it is the equivalent of money."

Bitcoin, whose origins remain a mystery, is a virtual currency that is created from computer code and is not backed by any government. Advocates say this makes it an efficient alternative to traditional currencies because it is not subject to the whims of a state that may devalue its money to cut its debt, for example.

Bitcoins can be exchanged for goods and services, provided another party is willing to accept them, but until now they been used mostly for shady transactions or to buy illegal goods and services on the "dark" web.

Bitcoin was launched in 2009 as a bit of software written under the Japanese-sounding name Satoshi Nakamoto. This year Australian programmer Craig Wright claimed to be the author but failed to convince the broader bitcoin community.

In some areas of the United States bitcoin is accepted in stores, restaurants and online transactions, but it is illegal in some countries, notably France and China.

It is gaining ground in countries with high inflation such as Argentina and Venezuela.

But bitcoin values can be volatile. Over the past week its value slumped 20 percent in a day, then recouped most losses, after news that a Hong Kong bitcoin exchange had been hacked with some $65 million missing.

Impact across US, world

Arthur Long, a lawyer specializing in the sector with the New York firm Gibson Dunn, said the July court ruling is a small victory for the virtual currency but that it's not clear if the interpretation will be the same in other US states or at the federal level.

"It may have an effect as some states are trying to use existing money transmitting statutes to regulate certain transactions in bitcoin," Long told AFP.

Charles Evans, professor of finance at Barry University, said the ruling "absolutely is going to provide some guidance in other courts" and could potentially be used as a precedent in other countries to avoid the stigma associated with bitcoin use.

Bitcoins can store value and hedge against inflation, without being considered a monetary unit, according to Evans, who testified as an expert witness in the Florida trial.

"It can be used as an exchange," he said, and may be considered a commodity which can be used for bartering like fish or tobacco, for example.

Evans noted that "those who are not yet in the bitcoin community will be put on notice: as long as they organize their business in a particular way they can avoid the law."

But he added that "people who are engaged in illegal activities will continue to do what they are going to do because they are criminals.- AFP"


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Tuesday, 9 August 2016

Rio 2016 Olympics sets good example; Smug Aussie swimmer won’t cloud Rio



Congratulations, and many thanks to Rio de Janeiro, for the innovatively choreographed and beautifully executed opening ceremony for the Olympic Games, which was mesmerizing, inspiring, and thoroughly entertaining.

From supermodel Gisele Bundchen's elegant walk across the stadium floor and the first-ever refugee team to the all-green Olympic rings and the Samba, there was indeed plenty to enjoy and remember.

What amazed us even more is the way Rio has achieved it, and in such a graceful manner, when so many thought it was impossible.

The Rio Games could not have come at a worse time for Brazil, under the triple pressures of an economic recession, the like of which the country has not seen in decades, a domestic political crisis and the Zika threat.

The prospect of Rio hosting a decent Olympics once seemed so bleak that some even suspected the International Olympic Committee had made a bad choice awarding the city the 2016 Summer Games.

With Beijing and London setting a high bar for opening ceremony theatricality, few had anticipated anything this impressive from Rio. After all, opening ceremonies are increasingly costly these days with host countries competing to invest in effects they deem commensurate with the self-image they intend to project.

Rio, on the other hand, had a budget that was reportedly 12 times less than London's and 20 times less than Beijing's. It was operating on a comparative shoestring.

But the show they presented was nothing short of spectacular. Which prompted one Chinese commentator to gasp in admiration, "Who needs money when you have a conscience?"

Money does matter when it comes to hosting an international sporting event like the Olympic Games. But Rio offered a loud reminder that money is not everything, and conscience and creativity can go a long way.

Besides visuals that were hardly less fabulous than what we saw in Beijing and London, and the strong message about climate change, this aspect of the opening ceremony challenges future hosts and the Olympic community to rethink the way the world's largest sporting gala is handled.

We particularly admire the organizers' idea that it was unnecessary to spend large sums of money on the opening ceremony, when such undertakings as education and public health in Brazil are crying out for funds.

Like the "Avatar-like allegiance" to the environment demonstrated in the opening ceremony, this is a poignant Brazilian statement on conscience and social responsibility we sincerely wish will reach the hearts of all future Olympic hosts. Including those in Beijing, who are preparing for the upcoming 2022 Winter Olympics. - (China Daily)

Rio 2016 medals tally

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Smug Aussie swimmer won’t cloud Rio



The Chinese Swimming Association (CSA) has called its Australian counterpart, to demand Australian swimmer Mack Horton apologize to Chinese swimmer Sun Yang, against whom Horton initiated a personal attack. To no one's surprise, the Australian side declined, saying Horton "is entitled to express a point of view."

The CSA's protest is a consolation for Sun, and the one voice from the Chinese media and public backing Sun shows the unity of Chinese society and the people's human touch.

Horton won the first gold medal for Australia at the Rio Olympics, and has become a hero for the country. It is understandable if Swimming Australia finds it difficult to teach him a lesson right now for his rude and irresponsible words.

The problem is that it seems the entire sports circle and media in Australia do not have a problem with Horton's ill-mannered and provocative remarks. In a response to the CSA, Swimming Australia didn't forget to flaunt the "freedom of speech" cliché with a swaggering ego. According to their logic, it seems that no matter how derisive and slanderous the remarks could be, it is all free speech, which should be praised.

If so, the focus of the squabble will go beyond Horton's ill manners and silliness. The whole level of Australia's awareness of sports ethics and glory is as low as that of a young and brash kid.

Australia's aberrant response is confusing not only to the Chinese, but also to many other Westerners. How come the Australians are not ashamed of Horton's personal attacks, but are shamelessly climbing to the moral high ground in this case?

From China's perspective, Australia, an English-speaking and developed country, is a typical part of the Western world. But actually, Australia has always been a "second-class citizen" in the West, and many people from Western Europe, especially the UK, feel condescension toward Australians.

Australia used to be a land populated by the UK's unwanted criminals, and this remains a stigma attached to Australian culture.

Eager to be completely accepted by the Western world and afraid of being overlooked, Australia has grown docile and obedient in face of the US and the UK.

However, in front of Asian countries, it cannot help but effuse its white supremacy. The tangle of inferiority and superiority has numerous reflections in Australia's foreign exchanges.

We don't have to take seriously the tinge of barbarism that comes out of some Australians, nor should we pay keen attention to some vindictive provocations. China cannot be distracted from its own path of development, so it should turn a blind eye to what should be despised.

Horton and his backers represent the dark side of Australian society, and it is time for us to look at the bright side of the Olympic Games. This trifling botheration won't ruin our beautiful memories of this grand event. - Global Times

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There is a line between free speech and "trash talk" : IOC
The International Olympic Committee (IOC) supports freedom of speech but there should be a line drawn between freedom to speak and "trash talk".


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