GENEVA, SWITZERLAND – The new US ambassador to China, Gary Locke, told reporters at his first press conference in Beijing Sunday 14 August that the US is committed to “getting our fiscal house in order”, in response to Chinese criticism in recent days of what official media have called the American “addiction to borrowing”. China reportedly held $1.16 trillion in US debt, government securities, at the end of May, more than any other country. The criticism followed the downgrading of US credit by rating agency Moodie’s earlier this month.
Locke is a third-generation Chinese-American, whose family emigrated from Hong Kong, with roots in southern Guangdong province. He became the first US state governor of Chinese descent in 1996, re-elected to the post in 2000. He has most recently served as US secretary of commerce. He speaks fluent Cantonese.
He and his wife and three children arrived in Beijing 11 August.
Links to other sites: Economic Times of India, New York Times, Politico, Xinhua
Ongoing battle over press postal subsidy continues
Bern, Switzerland (GenevaLunch) – The upper house of the Swiss parliament’s transport and telecommunications commission has agreed to back motions by the lower house that will slow down the deregulation of the Swiss postal system. The two houses have agreed that the ruling Federal Council should provide an interim report showing the impact of the first two years of deregulation before further measures to open the market are adopted.
The upper house commission also agreed to go along with a lower house motion to increase by CHF20 million a subsidy to the post office for the rebates it offers the press.
The web site is much easier to use since they revised it in November 2008 but you now get a limited number of articles for free if you register; for months they advertised registration as free.
