Yep..The Times they are A-Changin' ....

[Don1]

...More business fi di USA!!

Building a High-Speed Silk Road
China's vision for Asian infrastructure represents a big step forward for the whole region.



By Nicholas Choa April 14, 2015 | 9:00 a.m. EDT + More


Long frustrated with being relegated to the margins of the International Monetary Fund and World Bank, Beijing has boldly taken the initiative in establishing a potential rival.

That entity, known as the Asian Infrastructure Investment Bank, is now gaining momentum. Recently, Iran became the latest in a long list of countries to announce its intention to join the bank, following the United Kingdom, France, Germany and virtually every American ally in Asia (apart from Japan). The bank’s surging popularity is telling. Founded only late last year, it will provide support for Asia’s rapid economic growth by financing infrastructure projects throughout the region, beginning in 2016.

The Chinese project looks likely to undercut the U.S.-backed and largely Western-dominated Asian Development Bank, World Bank and IMF.

[Don1]

Regrets for the Buchanan flub,Mebbe dis Babylon outlet betta

Amid U.S. Paralysis, China Cashing In
While Congress has failed to move forward with IMF reforms, Beijing is poised to boost its banking power.

By Andrew Soergel
US News & World Report
June 10, 2015 | 12:01 a.m. EDT + More

When 57 countries soon RSVP to a party the U.S. is pressuring them not to attend, it'll be at least partially Congress' fault for stubbornly refusing to deal with an economic elephant that wandered into the Capitol about five years ago.

Charter members of the Asian Infrastructure Investment Bank are expected to sign the bank's Articles of Agreement – a document serving as bylaws and, essentially, a new member sign-up sheet – by the end of June. The bank, first proposed by China in 2013, will be a government-supported financial institution designed to lend cash for infrastructure and development projects across Asia. Member nations will make individual contributions to the bank's resource pool, helping back those projects while getting in on the ground floor of the new institution.

That's all well and good, except a similar bank already exists: The Asian Development Bank (in which the U.S. holds the second-highest percentage of voting power, behind Japan) has been around since 1966 and essentially serves the same purpose. And although the two institutions have vowed to play nicely and work together in the region, some see the new bank as yet another move by Beijing to increase its influence on the world stage, with the U.S. making largely impotent attempts to counter its rise.