Carlos Ghosn- Emerging in Public- Lays Out His Defense – By Motoko Rich – The New York Times

 

By Motoko Rich

“TOKYO — Carlos Ghosn and his lawyers are laying out the most comprehensive case yet for his innocence, nearly two months after his arrest shook the auto business and tarnished the reputation of an industry titan.

Still, it may not be enough to free him from jail for months, as prosecutors try to build a case against the ousted Nissan Motor chairman and onetime leader of an automaking juggernaut that builds more than 10 million cars annually.

Mr. Ghosn’s chief defense lawyer in Japan said on Tuesday that prosecutors had no basis for holding him in jail on allegations that he improperly transferred personal losses to Nissan’s books, saying that board members had approved the transactions.

Late Tuesday, that lawyer, Motonari Otsuru, submitted a request to the court to release Mr. Ghosn from detention on the grounds that Nissan did not ultimately bear any losses and that he was not a flight risk.”

Source: Carlos Ghosn, Emerging in Public, Lays Out His Defense – The New York Times

Posted in: Business and Finance, Japan

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 The Rise and Fall of Carlos Ghosn – by Amy Chozick and Motoko Rich – New York Times

“Carlos Ghosn was tired. At 64 years old, the chairman of an auto empire that spanned several continents and included Nissan, Renault and Mitsubishi wasn’t bouncing back from jet lag the way he used to. Melatonin wasn’t working anymore, and he had bouts of insomnia, phoning his children in the middle of the night or going on long walks around his Tokyo or Paris neighborhood. He planned to retire soon, stepping back from spending his life on an airplane, albeit a luxurious one paid for by Nissan.

Last month, just before Thanksgiving weekend, Mr. Ghosn headed to Tokyo to meet his youngest daughter and her boyfriend and attend a board meeting. He was scheduled to land at Haneda Airport at 4 p.m.

The daughter, Maya Ghosn, 26, had spent most of her childhood in Japan and wanted to introduce her boyfriend, Patrick, to her favorite places. Bringing a boyfriend home is a common rite of passage, but a particularly intimidating prospect when growing up Ghosn — a child of one of the most romanticized and ruthless chief executives the global business community has ever seen.

Ms. Ghosn had made a 7:30 dinner reservation at Jiro, the Michelin-starred sushi counter hidden in a basement in the city’s Ginza district.

On the tarmac in Beirut, Lebanon, Mr. Ghosn opened WhatsApp and texted his four children on a group chain labeled “Game of Ghosns,” for his favorite TV show, “Game of Thrones,” the bloody HBO drama about dynasties under siege. “On my way to Tokyo! Love you guys!” Mr. Ghosn texted as his jet lifted off.

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Police officers outside the Tokyo jail where Carlos Ghosn, the former head of Nissan, has been detained since his arrest in November.CreditCarl Court/Getty Images

He never made it to dinner.

On Nov. 19, Japanese prosecutors surrounded Mr. Ghosn’s Gulfstream after its arrival and arrested him on allegations that for years he had withheld millions of dollars in income from Nissan’s financial filings.”

Source: The Rise and Fall of Carlos Ghosn – The New York Times

David Lindsay:  This is a fascinating tragedy for Carlos Ghosn.  I have just scratched the surface. It appears, he never understood Japanese culture or values, and insulted both. He also did a great job turning around Nissan, when it needed a dose of change.

Posted in: Business and Finance, Japan

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Opinion | Don’t Fall for Facebook’s ‘China Argument’ – by Tim Wu – The New York Times

America’s global dominance in technology requires fierce competition at home, not the coddling of monopolies.

Tim Wu

By Tim Wu

Mr. Wu is a law professor who specializes in antitrust.

 Image
CreditCreditAlex Merto

“Over the last year or so, Mark Zuckerberg of Facebook and other American tech leaders have issued a stark warning to those who want to see more competition in the industry. It goes something like this: “We understand that we’ve made mistakes. But don’t you realize that if you damage us, you’ll just be handing over the future to China? Unlike America, the Chinese government is standing behind its tech firms, because it knows that the competition is global, and it wants to win.”

This — Big Tech’s version of the “too big to fail” argument — has a superficial nationalistic appeal. It’s certainly true that the Chinese technology sector is growing and aggressively competitive, and that many of its companies are embraced and promoted by the Chinese state. By one count, eight of the world’s 20 largest tech firms are Chinese. That would seem to suggest a contest for global dominance, one in which the United States ought not be considering breakups or regulation, but instead be doing everything it can to protect and subsidize the home team.

But to accept this argument would be a mistake, for it betrays and ignores hard-won lessons about the folly of an industrial policy centered on “national champions,” especially in the tech sector. What Facebook is really asking for is to be embraced and protected as America’s very own social media monopolist, bravely doing battle overseas. But both history and basic economics suggest we do much better trusting that fierce competition at home yields stronger industries overall.

That’s the lesson from the history of Japanese-American tech competition. During the 1970s and into the ’80s, it was widely believed that Japan was threatening the United States for supremacy in technology markets. The Japanese giant NEC was a serious challenger to IBM in the mainframe market; Sony was running over consumer electronics, joined by powerful firms like Panasonic and Toshiba. These companies enjoyed the support of the Japanese state, through the Ministry of International Trade and Industry, which pursued a nationalistic industrial policy thought to be infallible.”

Source: Opinion | Don’t Fall for Facebook’s ‘China Argument’ – The New York Times

Posted in: Japan, Monopoly or Monopsony

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Opinion | The Real China Challenge: Managing Its Decline – The New York Times

Bret Stephens

By Bret Stephens

Opinion Columnist

Sculptures on the campus of the Alibaba Group in Hangzhou, China.CreditCreditBryan Denton for The New York Times

“In 2009, The Economist wrote about an up-and-coming global power: Brazil. Its economy, the magazine suggested, would soon overtake that of France or the U.K. as the world’s fifth largest. São Paulo would be the world’s fifth-richest city. Vast new reserves of offshore oil would provide an added boost, complemented by the country’s robust and sophisticated manufacturing sector.

To illustrate the point, the magazine’s cover featured a picture of Rio de Janeiro’s “Christ the Redeemer” statue taking off from its mountaintop as if it were a rocket.

The rocket never reached orbit. Brazil’s economy is now limping its way out of the worst recession in its history. The murder rate — 175 people per day in 2017 — is at a record high. One former president is in jail, another was impeached. The incoming president is an admirer of the country’s old military dictatorship, only he thinks it should have killed the people it tortured.

Those whom the gods wish to destroy, they first tout as countries of the future.

I thought about The Economist story while reading a deeply reported and thought-provoking series in The Times about another country of the future: China. The phrase “rise of China” has now become so commonplace that we treat it more as a fact of nature than as a prediction of a very familiar sort — one made erroneously about the Soviet Union in the 1950s and ’60s; about Japan in the ’70s and ’80s; and about the European Union in the ’90s and ’00s.”

Source: Opinion | The Real China Challenge: Managing Its Decline – The New York Times

David Lindsay:

Bret Stephens, as my father liked to say, you’re not as dumb as you look.  Thank you for another terrific, mind-bending piece.

I hope your are right, but fear you are wrong. The Chinese appear to be preparing for the future, fighting for our lives and the lives of our grand children against climate change, better than the United States, which is deeply troubling. You do not appear to understand that climate change is rapidly becoming a crisis. Humans are putting 110 million metric tons of carbon dioxide into the atmosphere every What.

Take a guess. Every year, month, week, day or hour. Take a guess.

Unfortunately the answer is daily. No wonder the coral and the shellfish are dying all over the oceans. Scientist who study the sixth extinction predict gloomily, that not only are we humans the cause of the sixth extinction, but we will be one of the myriad species that fails during it.

David Lindsay Jr. has written and performs a folk music concert and sing-a-long about Climate Change and the Sixth Extinction.

Posted in: China, David Lindsay, Decline and Renaissanace, The Sixth Extinction of Species

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After a Hiatus- China Accelerates Cyberspying Efforts to Obtain U.S. Technology – The New York Times

“WASHINGTON — Three years ago, President Barack Obama struck a deal with China that few thought was possible: President Xi Jinping agreed to end his nation’s yearslong practice of breaking into the computer systems of American companies, military contractors and government agencies to obtain designs, technology and corporate secrets, usually on behalf of China’s state-owned firms.

The pact was celebrated by the Obama administration as one of the first arms-control agreements for cyberspace — and for 18 months or so, the number of Chinese attacks plummeted. But the victory was fleeting.

Soon after President Trump took office, China’s cyberespionage picked up again and, according to intelligence officials and analysts, accelerated in the last year as trade conflicts and other tensions began to poison relations between the world’s two largest economies.

Source: After a Hiatus, China Accelerates Cyberspying Efforts to Obtain U.S. Technology – The New York Times

Posted in: China, Espionage & Soft Power, Military Affairs and Espionage

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Five Takeaways From Our New China Project – by Megan Specia – The New York Times

By Megan Specia Nov. 21, 2018 阅读简体中文版閱讀繁體中文版Leer en español How did China do it? When The New York Times set out to take a big-picture look at China, the what was obvious enough: Across the Pacific Ocean from the United States lies the world’s newest superpower, a rival to American interests both economic and political. The how was another matter. How did the land once commonly — and with some disdain — known in the West as Communist China

“How did China do it?

When The New York Times set out to take a big-picture look at China, the what was obvious enough: Across the Pacific Ocean from the United States lies the world’s newest superpower, a rival to American interests both economic and political.

The how was another matter.

How did the land once commonly — and with some disdain — known in the West as Communist China come to lead the world in the number of homeowners, internet users, college graduates and, by some counts, billionaires?

How did a once-cloistered nation with a flailing economy drive extreme poverty down to less than 1 percent? How did it achieve social economic mobility unrivaled by much of the world?

And perhaps most of all, how did a country that rejected all of the conventional wisdom Western economists had to offer arrive at a moment when it is on track to surpass the American economy and become the world’s largest?”

Source: Five Takeaways From Our New China Project – The New York Times

Posted in: China, Foreign Affairs and U.S.ForeignPolicy

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The World Needs to Quit Coal. Why Is It So Hard? – By Somini Sengupta – The New York Times

“HANOI, Vietnam — Coal, the fuel that powered the industrial age, has led the planet to the brink of catastrophic climate change.

Scientists have repeatedly warned of its looming dangers, most recently on Friday, when a major scientific report issued by 13 United States government agencies warned that the damage from climate change could knock as much as 10 percent off the size of the American economy by century’s end if significant steps aren’t taken to rein in warming.

An October report from the United Nations’ scientific panel on global warming found that avoiding the worst devastation would require a radical transformation of the world economy in just a few years.

Central to that transformation: Getting out of coal, and fast.

And yet, three years after the Paris agreement, when world leaders promised action, coal shows no sign of disappearing. While coal use looks certain to eventually wane worldwide, according to the latest assessment by the International Energy Agency, it is not on track to happen anywhere fast enough to avert the worst effects of climate change. Last year, in fact, global production and consumption increased after two years of decline.”

Source: The World Needs to Quit Coal. Why Is It So Hard? – The New York Times

Posted in: Climate Change, Climate Change Polluters, Post War Problems in Vietnam

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Vandana Shiva: There Is No Reason Why India Should Face Hunger and Farmers Should Commit Suicide – EcoWatch

Vandana Shiva: There Is No Reason Why India Should Face Hunger and Farmers Should Commit Suicide

There is no reason why India should face hunger and malnutrition and why our farmers should commit suicide. India is blessed with the most fertile soils in the world. Our climate is so generous we can, in places, grow four crops in a year—compared to the industrialized west where sometimes only one crop is possible per year. We have the richest biodiversity of the world, both because of our diverse climates and because of the brilliance of our farmers as breeders. Our farmers are among the most hardworking, productive people in the world. Yet India faces an emergency, in our food and agricultural system. This emergency is man-made.

Firstly, the poor and vulnerable are dying for lack of food. According to the Deccan Herald, Lalita S. Rangari, 36, a Dalit widow and mother of two children of the Gondiya tribal belt, allegedly died due to starvation. Justice Bhushan Gavai and Justice Indu Jain of the Nagpur Bench of the Bombay High Court have served notice to the government of Maharashtra seeking its reply to the starvation death of a Dalit widow.

Photo credit: Nourishing Revolution”Even as India gets richer, we have emerged as the capital of hunger and malnutrition. According to the National Family Health Survey (NFHS), 42.5 percent of children under five years old were underweight. This is more than double the African average of 21 percent, which until recently was the face of hunger.

The second tragedy is that our food producers, the small farmers who have provided food to more than a billion Indians and hold the potential to provide healthy food for all, are themselves dying because of agriculture and trade policies which put corporate profits above the rights and well being of our small farmers. More than 300,000 farmers have committed suicide in India since 1995, when the rules for the globalization of agriculture of the World Trade Organization (WTO) were implemented, transforming food into a commodity, agriculture into corporate business and shifting control over seeds and food from farmers to a handful of giant multinational corporations.

The third tragedy is that even those who get food are being denied their right to healthy and nourishing food. The explosion of junk food, of pesticides and toxics in our food, have created a disease epidemic that is a human tragedy and an economic burden. There is an epidemic of diseases related to our lifestyle and food, such as diabetes, cancer, hypertension, infertility and cardiovascular diseases.

The recent Maggi noodle scandal highlights the rapid invasion of junk food in the Indian diet. We are what we eat. When we eat food full of toxic chemicals, we pay the price with our health. India has emerged as the epicenter of diabetes.

In 2004, 8.2 lac Indians were diagnosed with diabetes and 2.6 lac succumbed to the disease. In 2012, the diabetes numbers jumped to 180 lac diagnosed and 7 lac dead. In 2010 alone, India spent 32 billion dollars on diabetes care. Cancer has also seen an increase by 30 percent in the last 5 years, with 180 million people affected in India. At 10 lac treatment per cancer victim this multiplies to 300 billion dollars, or 18 lac crores in rupees.

In extensive studies reported in “Poisons In Our Food” by Navdanya, elevated levels of PCBs, DDE and DDT have been found in the blood of women suffering from breast cancer. Studies show that 51 percent of all food commodities are contaminated by pesticides.”

Source: Vandana Shiva: There Is No Reason Why India Should Face Hunger and Farmers Should Commit Suicide – EcoWatch

Posted in: Agriculture, Climate Change, India

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59000 farmer suicides in India over 30 years may be linked to climate change- study says – By Vidhi Doshi – The Washington Post

August 1, 2017


A farmer sits on a dried-up patch of land in the southern Indian state of Karnataka in May 2015. (Jagadeesh Nv/European Pressphoto Agency)

“Every year, thousands of Indian farmers commit suicide. Now one researcher thinks it may have something to do with climate change.

Tamma Carleton, a researcher at the University of California at Berkeley, compared almost five decades worth of suicide and climate data and concluded that temperature variations in India may have “a strong influence” on suicide rates during the growing season.

In her study, published in the Proceedings of the National Academy of Sciences of the United States of America, Carleton estimates that more than 59,000 farmer suicides over the past 30 years can be linked to global warming.

Carleton’s findings are particularly worrisome and come just two months after the Trump administration pulled out of the Paris climate accord, which was adopted by 196 countries, including the United States under the Obama administration in December 2015. As part of the agreement, world leaders committed to holding the average global temperature rise to “well below” two degrees Celsius, or 3.6 degrees Fahrenheit. After President Trump pulled out of the accord, many countries, including India and China, said they would continue to honor their commitments under the accord.”

“. . . . High temperatures in the growing season reduce crop yields, putting economic pressure on India’s farmers, she writes. “These crop losses may also permeate throughout the economy, causing both farming and nonfarming populations to face distress as food prices rise and agricultural labor demand falls.”

Rainfall in the growing season, too, is important, Carleton suggests. More rain means higher yields, she writes, noting: “Suicide rates fall as growing season rainfall increases.”

According to the World Health Organization, India accounts for the highest number of suicidesin the world. A staggering 133,623 people took their own lives in 2015, according to data from the National Crime Records Bureau. More than 12,000 of those were farmers and agricultural laborers, almost one-tenth of the total.

According to Indian authorities, bankruptcy and indebtedness or farming-related issues are cited as the major causes of suicide among farmers in India.”

Source: 59,000 farmer suicides in India over 30 years may be linked to climate change, study says – The Washington Post

Posted in: Climate Change, India

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1,000 Pieces of Plastic Found Inside Dead Whale in Indonesia – By Daniel Victor – The New York Times

“More than 1,000 assorted pieces of plastic, including 115 cups, 25 bags, four bottles and two flip-flops, have been found inside a dead sperm whale in Indonesia, according to local officials.

The whale, found washed ashore Monday in Wakatobi National Park, was already decomposing when rescuers arrived, so investigators were unable to determine if the plastic caused its death, said Lukas Adhyakso, the conservation director of the World Wildlife Fund in Indonesia. The plastic weighed about six kilograms, or 13 pounds, he said.

But images of the dead whale resonated in Indonesia, a country that has started to reckon with its outsize use of plastics. Indonesia, a nation of about 260 million people spread over thousands of islands in Southeast Asia, was the world’s second-biggest producer of plastic waste in 2015, behind only China, according to a study in the journal Science.”

Source: 1,000 Pieces of Plastic Found Inside Dead Whale in Indonesia – The New York Times

Posted in: Indonesia, Population Growth

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