Monday, March 4, 2013

3/4-FORMER FRENCH PRESIDENT CHARLES De GAULLE ONCE WROTE, "CHINA IS A VAST COUNTRY INHABITED BY MANY CHINESE". CHINESE REAL ESTATE BOSSES WONDER WHERE THEY ARE.



It feels strange for Sara and Barry to be applauding CBS's "Sixty Minutes" program, but Sunday evening, March 3, they put on an eye-popping show about China's building "mile after mile after mile"of empty buildings, entire "ghost" cities and then sitting back and wondering whatever happened to "build it and they will come"!  Completely ignored in this otherwise praiseworthy report were the implications of the one you borrowed trillions of dollars from and from whom you need still more, much more, getting wiped out in a building-bubble.  That's the lead on this evening's show, to be followed by a high school basketball story the media hailed as a stunning example of "good sportsmanship" which may have sent exactly the wrong message.


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