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<channel>
	<title>ERWIN.co</title>
	<atom:link href="http://erwin.co/feed/" rel="self" type="application/rss+xml" />
	<link>http://erwin.co</link>
	<description>thoroughly chinafied american business geek in shanghai</description>
	<lastBuildDate>Thu, 12 Aug 2010 09:58:29 +0000</lastBuildDate>
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			<item>
		<title>iTunes: Disable Backups / Enable Backups</title>
		<link>http://erwin.co/2010/08/12/itunes-backup/</link>
		<comments>http://erwin.co/2010/08/12/itunes-backup/#comments</comments>
		<pubDate>Thu, 12 Aug 2010 09:58:27 +0000</pubDate>
		<dc:creator>ryan</dc:creator>
				<category><![CDATA[Geeking Out（奇客通道)]]></category>

		<guid isPermaLink="false">http://erwin.co/?p=855</guid>
		<description><![CDATA[iTunes does not provide an menu option for enabling or disabling backups, but you can manually update the iTunes preference file to do the trick. There is a preference called &#8220;﻿DeviceBackupsDisabled&#8221;. If you do decide to disable backups on a regular basis, note that MOST of your data will automatically be synced to your phone [...]]]></description>
			<content:encoded><![CDATA[<p>iTunes does not provide an menu option for enabling or disabling backups, but you can manually update the iTunes preference file to do the trick. There is a preference called &#8220;﻿DeviceBackupsDisabled&#8221;. If you do decide to disable backups on a regular basis, note that MOST of your data will automatically be synced to your phone &#8212; but your Text Messages are not synced outside of the normal iTunes Backup process.</p>

<p>To disable backups:</p>

<ol>
<li>Quit iTunes</li>
<li>Open Terminal.app</li>
<li>defaults write com.apple.iTunes DeviceBackupsDisabled -bool true</li>
<li>Open iTunes</li>
<li>Sync</li>
</ol>

<p>To enable backups:</p>

<p><ol>
<li>﻿Quit iTunes</li>
<li>Open Terminal.app</li>
<li>defaults write com.apple.iTunes DeviceBackupsDisabled -bool false</li>
<li>Open iTunes</li>
<li>Sync</li>
</ol></p>

<p>Enjoy <img src='http://erwin.co/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' /> </p>
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		</item>
		<item>
		<title>Today&#8217;s Pithy, Cautionary Note on Economic Trends &#8211; Politics &#8211; The Atlantic</title>
		<link>http://erwin.co/2010/07/24/todays-pithy-cautionary-note-on-economic-trends-politics-the-atlantic/</link>
		<comments>http://erwin.co/2010/07/24/todays-pithy-cautionary-note-on-economic-trends-politics-the-atlantic/#comments</comments>
		<pubDate>Sat, 24 Jul 2010 07:49:43 +0000</pubDate>
		<dc:creator>ryan</dc:creator>
				<category><![CDATA[Uncategorized (无大类）]]></category>

		<guid isPermaLink="false">http://ryanerwin.com/?p=851</guid>
		<description><![CDATA[Today&#8217;s Pithy, Cautionary Note on Economic Trends &#8211; Politics &#8211; The Atlantic: &#8220;Just now at the Aspen Ideas Festival, Bharat Balasubramanian &#8212; generally addressed as &#8216;Dr. Bharat,&#8217; left &#8212; an engineering executive from Daimler AG in Germany, made an off-hand observation of what globalization and tech innovation will mean for the US economy:


&#8216;I will state [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.theatlantic.com/politics/archive/2010/07/todays-pithy-cautionary-note-on-economic-trends/59496/">Today&#8217;s Pithy, Cautionary Note on Economic Trends &#8211; Politics &#8211; The Atlantic</a>: &#8220;Just now at the Aspen Ideas Festival, Bharat Balasubramanian &#8212; generally addressed as &#8216;Dr. Bharat,&#8217; left &#8212; an engineering executive from Daimler AG in Germany, made an off-hand observation of what globalization and tech innovation will mean for the US economy:</p>

<blockquote>
<p>&#8216;I will state that there will be a polarization of society here in the United States. People who are using their brains are moving up. Then you have another part of society that is doing services. These services will not be paid well. But you would need services. You would need restaurants, you would need cooks, you would need drivers et cetera. You will be losing your middle class.</p>

<p>&#8216;This I would not see in the same fashion in Europe, because the manufacturing base there today can compete anywhere, anytime with China or India. Because their productivity and skill sets more than offset their higher costs. You don&#8217;t see this everywhere, but it&#8217;s Germany, it&#8217;s France, it&#8217;s Sweden, it&#8217;s Austria, it&#8217;s Switzerland&#8230;. So I feel Europe still will have a middle level of people. They also have people who are very rich, they also have people doing services. But there is a balance. I don&#8217;t see the balance here in the US.&#8217;</p>
</blockquote>

<p>Dr. Bharat was here mainly to talk about engineering developments at Mercedes, notably a car designed to respond to collisions just before they occur (via radar and other sensors to detect imminent crashes) and apply a variety of pre-protective, hunkering-down measures. Details on the &#8216;Pre-Safe&#8217; system here. But his matter-of-fact observation of why companies in the United States might match any firms anywhere in raw innovativeness and profitability, while American society as a whole becomes more polarized and caste-like, was sobering to put it mildly. Not a new theme, obviously, but presented quite starkly. Andy Grove of Intel to the same effect here;  background from the Atlantic here and here.</p>

<p>__</p>

<p>Bonus &#8216;it&#8217;s a big world&#8217; note: Dr. Bharat is originally from Madras/Chennai and is an alum of the storied Indian Institute of Technology/Bombay. But he went to work for Daimler as a very young man and (as he jokingly pointed out himself) now speaks English with a rich Jawohl!-style German accent rather than Indian English. This is a more charming combination than you might think.</p>
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		</item>
		<item>
		<title>Longest Gap without a Post&#8230;</title>
		<link>http://erwin.co/2010/07/19/longest-gap-without-a-post/</link>
		<comments>http://erwin.co/2010/07/19/longest-gap-without-a-post/#comments</comments>
		<pubDate>Mon, 19 Jul 2010 15:43:15 +0000</pubDate>
		<dc:creator>ryan</dc:creator>
				<category><![CDATA[Geeking Out（奇客通道)]]></category>

		<guid isPermaLink="false">http://ryanerwin.com/?p=849</guid>
		<description><![CDATA[I think this is the longest I&#8217;ve ever gone between regular blog posts. Someday I&#8217;ll have to explain why  

I&#8217;ve been getting ready to upgrade to IOS4.0, however IOS is inferior to Android unless you Jailbreak. Unfortunately, several of the jailbreak apps I rely on are still not yet compatible with IOS4. You can [...]]]></description>
			<content:encoded><![CDATA[<p>I think this is the longest I&#8217;ve ever gone between regular blog posts. Someday I&#8217;ll have to explain why <img src='http://erwin.co/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' /> </p>

<p>I&#8217;ve been getting ready to upgrade to IOS4.0, however IOS is inferior to Android unless you Jailbreak. Unfortunately, several of the jailbreak apps I rely on are still not yet compatible with IOS4. You can check out the full <a href="http://spreadsheets.google.com/lv?key=tz1lkTAAwtDi_7HJxef0Vgg&#038;toomany=true">IOS4 Compatibility Chart</a>, but the ones I&#8217;m concerned with are:
* <a href="http://www.idevmobile.com/callclear.asp">CallClear</a> 
* Insomnia isn&#8217;t available for IOS4, but SBSettings has a replacement called &#8220;Keep Awake&#8221; that may due the trick for you.
* iProtect 
* MyWi 4.0 (v3.52 no doesn&#8217;t work with IOS4)
* Recent Call Delete (like Call Clear) doesn&#8217;t work with IOS4
* UDIDFaker
* WeatherIcon
* USB Drive</p>

<p>Hopefully I can get most of these worked out and install IOS4 sometime next week&#8230;</p>
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		</item>
		<item>
		<title>Infographics: worthless ones giving them a bad name</title>
		<link>http://erwin.co/2010/04/11/infographics-bad-name/</link>
		<comments>http://erwin.co/2010/04/11/infographics-bad-name/#comments</comments>
		<pubDate>Sat, 10 Apr 2010 16:48:12 +0000</pubDate>
		<dc:creator>ryan</dc:creator>
				<category><![CDATA[Laugh (哈哈哈哈)]]></category>

		<guid isPermaLink="false">http://ryanerwin.com/?p=845</guid>
		<description><![CDATA[
]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.flickr.com/photos/philgyford/4505748943/sizes/o/"><img src="http://farm5.static.flickr.com/4007/4505748943_6dcb4894f7_s.jpg"></a></p>
]]></content:encoded>
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		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>Protected: Dollar Peg: Bad Business For China</title>
		<link>http://erwin.co/2010/03/18/dollar-peg-bad-business-for-china/</link>
		<comments>http://erwin.co/2010/03/18/dollar-peg-bad-business-for-china/#comments</comments>
		<pubDate>Wed, 17 Mar 2010 21:04:00 +0000</pubDate>
		<dc:creator>ryan</dc:creator>
				<category><![CDATA[China (中国）]]></category>
		<category><![CDATA[Economics （经济学）]]></category>

		<guid isPermaLink="false">http://ryanerwin.com/?p=836</guid>
		<description><![CDATA[There is no excerpt because this is a protected post.]]></description>
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    <p>This post is password protected. To view it please enter your password below:</p>
    <p><label for="pwbox-836">Password: <input name="post_password" id="pwbox-836" type="password" size="20" /></label> <input type="submit" name="Submit" value="Submit" /></p>
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		</item>
		<item>
		<title>The Internet Bubble &#8211; Popped &#8211; 10 Years Ago Today</title>
		<link>http://erwin.co/2010/03/14/the-internet-bubble-popped-10-years-ago-today/</link>
		<comments>http://erwin.co/2010/03/14/the-internet-bubble-popped-10-years-ago-today/#comments</comments>
		<pubDate>Sun, 14 Mar 2010 07:44:32 +0000</pubDate>
		<dc:creator>ryan</dc:creator>
				<category><![CDATA[Economics （经济学）]]></category>

		<guid isPermaLink="false">http://ryanerwin.com/?p=830</guid>
		<description><![CDATA[BBC put together an interesting review of Internet stock bubble, that ended on March 10, 2000.

February 2000:


  David: If your not a media stock, dot-com stock or a telecom stock, valuations are very low.
  
  BBC: So what you&#8217;re saying David is that it&#8217;s really the result of this asset bubble. In [...]]]></description>
			<content:encoded><![CDATA[<p>BBC put together an <a href="http://www.bbc.co.uk/worldservice/business/2010/03/100311_dotcomboom.shtml">interesting review of Internet stock bubble</a>, that ended on March 10, 2000.</p>

<p>February 2000:</p>

<blockquote>
  <p>David: If your not a media stock, dot-com stock or a telecom stock, valuations are very low.</p>
  
  <p>BBC: So what you&#8217;re saying David is that it&#8217;s really the result of this asset bubble. In other words, the actual stock market value of these companies was way out of line, compared to their potential to earn money.</p>
  
  <p>David: Right, and I think that was fairly widely known. In our consciousness, it was just way out of whack. But, every day you heeded it, or you got left behind. These things were going up by the day, they were going up by the rate of warp seed, regardless of whether they had earnings or not.</p>
  
  <p>BBC: Though you though it was all a bit ridiculous, you still felt you had to keep recommending these dot-com shares to your clients.</p>
  
  <p>David: Looks, this seems kinda ridiculous, maybe we should look at pulling back on the aggressiveness of your styles, because they had all of the proof they needed &#8211; in their track record. It was fabulous. And it was very difficult to convince them of any other type of approach to what they were doing. I think it was quite difficult to tell clients to pull back, when every month they were making another 5-10%.</p>
</blockquote>

<p>The Internet stock bubble was a classic stock market speculative bubble. The 2007 subprime crisis is a bubble in credit and the price of money. The discussions people were having about Internet Stocks in February 2000 sure sound a lot like discussions about the Chinese Real-Estate market.</p>

<p><em>They had all of the proof they needed &#8211; in their track record.</em></p>

<p><object width="466" height="138"><param name="movie" value="http://www.bbc.co.uk/emp/external/player.swf"></param><param name="allowFullScreen" value="true"></param><param name="allowScriptAccess" value="always"></param><param name="FlashVars" value="playlist=http%3A%2F%2Fwww%2Ebbc%2Eco%2Euk%2Fworldservice%2Fmeta%2Fdps%2F2010%2F03%2Femp%2F100311%5Fwbn%5Fdotcom%5Fbubble%2Eemp%2Exml&#038;config_settings_showPopoutButton=true&#038;config_settings_language=en&#038;config_settings_displayMode=audio&#038;config_settings_showFooter=true&#038;"></param><embed src="http://www.bbc.co.uk/emp/external/player.swf" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="466" height="138" FlashVars="playlist=http%3A%2F%2Fwww%2Ebbc%2Eco%2Euk%2Fworldservice%2Fmeta%2Fdps%2F2010%2F03%2Femp%2F100311%5Fwbn%5Fdotcom%5Fbubble%2Eemp%2Exml&#038;config_settings_showPopoutButton=true&#038;config_settings_language=en&#038;config_settings_displayMode=audio&#038;config_settings_showFooter=true&#038;"></embed></object></p>
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		</item>
		<item>
		<title>Run WordPress Locally. No need to modify the DataBase!</title>
		<link>http://erwin.co/2010/03/13/run-wordpress-locally-no-need-to-modify-the-database/</link>
		<comments>http://erwin.co/2010/03/13/run-wordpress-locally-no-need-to-modify-the-database/#comments</comments>
		<pubDate>Fri, 12 Mar 2010 20:59:44 +0000</pubDate>
		<dc:creator>ryan</dc:creator>
				<category><![CDATA[Geeking Out（奇客通道)]]></category>

		<guid isPermaLink="false">http://ryanerwin.com/?p=826</guid>
		<description><![CDATA[Simply add the following lines to your &#8220;wp-config.php&#8221; and you&#8217;ll be able to run your same WordPress code and use your same WordPress database on both your live server and your local development server.

function WP_LOCATION () {
    $script_path = realpath(dirname($_SERVER['SCRIPT_FILENAME']));
    $wp_base_path = realpath(dirname(FILE) . DIRECTORY_SEPARATOR . '..');
   [...]]]></description>
			<content:encoded><![CDATA[<p>Simply add the following lines to your &#8220;wp-config.php&#8221; and you&#8217;ll be able to run your same WordPress code and use your same WordPress database on both your live server and your local development server.</p>

<p><pre>function WP_LOCATION () {
    $script_path = realpath(dirname($_SERVER['SCRIPT_FILENAME']));
    $wp_base_path = realpath(dirname(<strong>FILE</strong>) . DIRECTORY_SEPARATOR . '..');
    $web_subfolder = substr( $script_path, strlen($wp_base_path)); 
    $wp_path = $web_subfolder ? substr( dirname($_SERVER['SCRIPT_NAME']), 0, -strlen($web_subfolder) ) : dirname($_SERVER['SCRIPT_NAME']) ;
    $retval = 'http' . ($_SERVER['HTTPS'] ? 's' : null) . '://' . $_SERVER['HTTP_HOST'] . $wp_path ;
    return $retval;
}
define('WP_HOME',WP_LOCATION());
define('WP_SITEURL',WP_LOCATION());</pre></p>

<p>If you use BBpress, you can so something very similar, but edit the <tt>bb-config.php</tt>
<pre>function WP_LOCATION () {
    $script_path = realpath(dirname($_SERVER['SCRIPT_FILENAME']));
    $bb_base_path = realpath(dirname(<strong>FILE</strong>) . DIRECTORY_SEPARATOR . '..');
    $web_subfolder = substr( $script_path, strlen($bb_base_path));
    $retval = 'http' . ($_SERVER['HTTPS'] ? 's' : null) . '://' . $_SERVER['HTTP_HOST'] . $web_subfolder ;
    return $retval;
}
$bb->uri = WP_LOCATION();</pre></p>

<p>I&#8217;ve updated the WordPress documentation under <a href="http://codex.wordpress.org/Running_a_Development_Copy_of_WordPress">Running Development Copy of Wordpress</a> to note the discovery.</p>

<p>If manually running SQL updates make you feel happy and productive, then you may prefer running the manual database update on your local development system each time you copy the database off live. For your reference, the SQL command to do the trick is:</p>

<p><pre>SELECT * FROM wp_options WHERE option_name = "home" OR option_name = "siteurl";
UPDATE wp_options SET option_value = "<b>http://localhost/local_folder_name</b>" WHERE option_name = "home" OR option_name = "siteurl";</pre></p>

<p>Don&#8217;t forget to change <b>local_folder_name</b> to you&#8217;re actual local WordPress path. To make development simpler, I recommend updating your <tt>/etc/hosts</tt> and adding aliases for your local sites. For example:</p>

<p><pre>127.0.0.1 localhost XYZproject.local PDQproject.local otherProject.local</pre></p>

<p>Then setup separate VirtualHosts for each of your projects, and access them with the alias defined in your hosts file.</p>
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		<slash:comments>1</slash:comments>
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		<item>
		<title>Safari Session Management</title>
		<link>http://erwin.co/2010/03/08/safari-session-management/</link>
		<comments>http://erwin.co/2010/03/08/safari-session-management/#comments</comments>
		<pubDate>Sun, 07 Mar 2010 19:21:33 +0000</pubDate>
		<dc:creator>ryan</dc:creator>
				<category><![CDATA[Geeking Out（奇客通道)]]></category>

		<guid isPermaLink="false">http://ryanerwin.com/?p=822</guid>
		<description><![CDATA[Ever since Safari 3, the History Menu added &#8220;Reopen Last Closed Window&#8221; and &#8220;Reopen All Windows from Last Session&#8221;. The session information is stored inside ~/Library/Safari/LastSession.plist. When Safari crashes, the crash causing tab will typically be opened again, and Safari will crash again. Download the &#8220;LastSession&#8221; python script from radiotope to get a list of [...]]]></description>
			<content:encoded><![CDATA[<p>Ever since Safari 3, the History Menu added &#8220;Reopen Last Closed Window&#8221; and &#8220;Reopen All Windows from Last Session&#8221;. The session information is stored inside ~/Library/Safari/LastSession.plist. When Safari crashes, the crash causing tab will typically be opened again, and Safari will crash again. Download the &#8220;<a href="http://www.radiotope.com/filemanager/active?fid=21">LastSession</a>&#8221; python script from <a href="http://www.radiotope.com/content/reading-safaris-lastsessionplist">radiotope</a> to get a list of the Safari sessions that were last active.</p>

<p><img src="http://ryanerwin.com/wp-content/uploads/iw/safari-history-session.jpg" width="281" height="135" alt="" /></p>

<p>For easiest use, download the LastSession python script, make it executable, and save it to your /usr/bin or /usr/local/bin folder:<pre>
chmod 755 ~/Downloads/readLastSession..py
sudo mv ~/Downloads/readLastSession..py /usr/bin/lastsession</pre></p>

<p>You can also use the Window/Merge All Windows command followed by Bookmarks &#8220;Add Bookmark for These 99 Tabs&#8221; to easily save you&#8217;re entire workspace.</p>

<p>Mac OS X Hints posted about creating <a href="http://www.macosxhints.com/article.php?story=20080801103030495">&#8220;Time Machine&#8221; like Session History for Safari</a> by storing version history of the ~/Library/Safari/LastSession.plist file. Version history can be combined with the &#8220;readsession&#8221; script to get an even longer list of URLs&#8230;</p>

<p>There are currently three session management options for Safari, all of which have been updated to work with Safari v4.0.</p>

<ul>
<li><p><a href="http://haoli.dnsalias.com/Saft/index.html">SAFT</a>: InputManager plugin, SIMBL plugin, or Safari Launcher. $15.</p>

<ul>
<li>Add bookmark folder here and add bookmark here in every bookmark menus</li>
<li>Save and load browser windows</li>
<li><img src="http://ryanerwin.com/wp-content/uploads/iw/saft-browser-menu.png" width="279" height="54" alt="" /></li>
</ul></li>
<li><p><a href="http://hetima.com/safari/stand-e.html">Safari Stand</a>: <a href="http://www.culater.net/software/SIMBL/SIMBL.php">SIMBL plugin</a>. Free.</p>

<ul>
<li>Bookmark Shelf for visually managing multiple browsing sessions</li>
<li><img src="http://ryanerwin.com/wp-content/uploads/iw/saft-bookmark-shelf.png" width="328" height="123" alt="" /></li>
<li>Restore Last Workspace Window that is 100% crash proof</li>
<li><img src="http://ryanerwin.com/wp-content/uploads/iw/Screen%20shot%202010-03-08%20at%2001.54.01.png" width="322" height="337" alt="" /></li>
</ul></li>
<li><p><a href="http://www.machangout.com/">GLIMS</a>: Free.</p>

<ul>
<li>Re-open last session when Safari starts</li>
<li>Re-open tabs in single window</li>
<li>Undo Close Tab (CMD+Z)</li>
<li>Unfortunately, GLIMS &#8220;re-open last session&#8221; is only updated when Safari exits, so it doesn&#8217;t protect you when Safari crashes. GLIMS provides a ton of interesting options, primarily related to the Safari &#8220;Search Field&#8221;, but doesn&#8217;t do much in the way of Session Management.</li>
</ul></li>
<li><p><a href="http://www.math.ohio-state.edu/~fowler/software/forget-me-not/">Forget Me Not</a>: <a href="http://www.culater.net/software/SIMBL/SIMBL.php">SIMBL plugin</a>. Open Source. Free.</p>

<ul>
<li>Reload windows and tabs when you relaunch Safari</li>
<li>File / Unclose Window</li>
<li>Edit / Undo Close Tab</li>
<li>Forget Me Not is about making Safari easier to use, rather than specifically about managing your session in Safari.</li>
</ul></li>
</ul>

<p>Bottom line: The only plugin that really brings Saft session management to the next level is Saft.</p>

<p>To minimize Safari crashes, you can also use the excellent <a href="http://rentzsch.github.com/clicktoflash/">Click To Flash</a> plugin, which has the pleasant side effect of forcing Youtube to play back in QuickTime rather than Flash.</p>

<p>Next project: Synchronize Safari sessions across multiple machines</p>
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		<item>
		<title>Protected: Why Tibet will not be Free</title>
		<link>http://erwin.co/2010/02/07/why-tibet-will-not-be-free/</link>
		<comments>http://erwin.co/2010/02/07/why-tibet-will-not-be-free/#comments</comments>
		<pubDate>Sat, 06 Feb 2010 20:18:08 +0000</pubDate>
		<dc:creator>ryan</dc:creator>
				<category><![CDATA[China (中国）]]></category>

		<guid isPermaLink="false">http://ryanerwin.com/?p=809</guid>
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		<title>The Economist comments on Bihar, India &#8211; just across Nepal from China</title>
		<link>http://erwin.co/2010/01/30/bihari/</link>
		<comments>http://erwin.co/2010/01/30/bihari/#comments</comments>
		<pubDate>Sat, 30 Jan 2010 09:51:59 +0000</pubDate>
		<dc:creator>ryan</dc:creator>
				<category><![CDATA[China (中国）]]></category>

		<guid isPermaLink="false">http://ryanerwin.com/?p=805</guid>
		<description><![CDATA[India’s most notorious state is failing to live up to its reputation


  And to overcome what one minister describes as a “crisis of implementation”—teachers who don’t teach, nurses who don’t nurse, roads built but not maintained, funds received but not spent—he will have to overcome the most obdurate caste of all: the local bureaucracy.
 [...]]]></description>
			<content:encoded><![CDATA[<p>India’s most notorious state is failing to live up to its reputation</p>

<blockquote>
  <p>And to overcome what one minister describes as a “crisis of implementation”—teachers who don’t teach, nurses who don’t nurse, roads built but not maintained, funds received but not spent—he will have to overcome the most obdurate caste of all: the local bureaucracy.</p>
  
  <p>More than the floods that frequently test Bihar’s embankments, local officials fear the rising expectations of people who no longer meekly accept their lot in life. Their instinct is to contain the waters by discouraging such self-assertion. But it is only by giving people their say, by turning unmet need into a political demand, that the state apparatus will begin to do its job.</p>
</blockquote>
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		<title>Christian Science Monitor weights in on China bubble</title>
		<link>http://erwin.co/2010/01/30/christian-science-monitor-weights-in-on-china-bubble/</link>
		<comments>http://erwin.co/2010/01/30/christian-science-monitor-weights-in-on-china-bubble/#comments</comments>
		<pubDate>Sat, 30 Jan 2010 09:30:32 +0000</pubDate>
		<dc:creator>ryan</dc:creator>
				<category><![CDATA[China (中国）]]></category>
		<category><![CDATA[Economics （经济学）]]></category>
		<category><![CDATA[ChinaBubble]]></category>

		<guid isPermaLink="false">http://ryanerwin.com/?p=803</guid>
		<description><![CDATA[Gordon Chang, author of &#8220;The Coming Collapse of China&#8220;, published in 2001. The book predicted the China would collapse by around 2005, or perhaps as late as 2010. He predicts that widespread unemployment, government corruption, inefficient state owned enterprises, and a lack of leadership would lead to the undoing. Publishers Weekly comments:


  His invocations [...]]]></description>
			<content:encoded><![CDATA[<p>Gordon Chang, author of &#8220;<a href="http://www.amazon.com/Coming-Collapse-China-Gordon-Chang/dp/037550477X">The Coming Collapse of China</a>&#8220;, published in 2001. The book predicted the China would collapse by around 2005, or perhaps as late as 2010. He predicts that widespread unemployment, government corruption, inefficient state owned enterprises, and a lack of leadership would lead to the undoing. <a href="http://www.publishersweekly.com/">Publishers Weekly</a> comments:</p>

<blockquote>
  <p>His invocations of the &#8220;power of the Chinese people,&#8221; or of an imaginary individual who will one day &#8220;end the Chinese state as it now exists,&#8221; read more like political soap opera than judicious analyses.</p>
</blockquote>

<p>One of the Amazon commenters summarized Mr Chang&#8217;s POV as:</p>

<blockquote>
  <p>&#8220;The Coming Collapse of China&#8221; is an angry book written by the son of a man who &#8220;left China before the end of the Second World War and [the son] grew up hearing him say that Mao Zedong&#8217;s regime would have to fall.&#8221; The son returned to China to work as a lawyer in Shanghai. When he wrote this book &#8211; his first &#8211; it was a polemic in which he pounded away at the evils of Communism and predicted that Jiang Zemin&#8217;s regime would have to fall.</p>
</blockquote>

<p>The Christian Science Monitor published Mr Chang&#8217;s &#8220;<a href="http://www.csmonitor.com/Commentary/Opinion/2010/0121/China-the-world-s-next-great-economic-crash">China: the world&#8217;s next great economic crash</a>&#8221; article in the Opinion section this week. The truth is probably somewhere in between the current China Euphoria (<a href="http://www.reuters.com/article/idUSSP49253620091208">rise of China is story of decade</a>) and Mr. Chang&#8217;s China Collapse POV. For the record, I&#8217;m optimistic that China will be in a very strong position by 2050, with living standards in the largest cities (Beijing, Shanghai, Guangzhou) at parity with Taipei and Hong Kong. However there is a massive asset bubble in China that is hurting all but the wealthiest 0.5% (<a href="http://ryanerwin.com/2009/12/28/cass-85-of-chinese-families-cant-afford-houses/">85% of families can&#8217;t afford basic housing</a>). 40% of local gov&#8217;t revenues come from land sales (<a href="http://chovanec.wordpress.com/2009/12/26/china-radio-real-estate-bubble/">Professor Chovanec</a>) and current GDP growth is fueled by real estate development.</p>

<p>The following is an [objective?] look at the current China situation:</p>

<blockquote>
  <p>Beijing, ignoring advice from Washington and other capitals, did not in the boom times try to restructure its economy to favor consumption. Instead, the Chinese government sought to take maximum advantage of then-surging foreign demand. The role of consumption, therefore declined – falling from a historical average of 60 percent of the economy to about 30 percent last year. No country has a lower rate.</p>
  
  <p>To make up for slumping demand abroad and sluggish consumer spending at home, the State Council, the central government’s cabinet, announced a stimulus plan in November 2008. Beijing originally said it would spend $586 billion through 2010. In the first full year of the program however, it has directly and through state banks disbursed about $1.1 trillion in stimulus funds.</p>
  
  <p>The plan, not surprisingly, is creating gross domestic product, but growth is an artificial “sugar high.” For one thing, Beijing’s stimulus spending last year was around a quarter of the total economy. Now, perhaps as much as 95 percent of China’s growth is attributable to state investment, as a Chinese analyst noted recently.</p>
  
  <p>Despite the massive state spending, the country’s economy is not particularly robust. Power consumption statistics, a crucial indicator of economic activity, show the economy expanding at only two-thirds the announced rate.</p>
  
  <p>Moreover, essentially flat consumer prices last year belie official reports of roaring retail sales. So does the full-year 11.2 percent decline in imports, another sign of sluggish domestic demand. And if the economy is really growing by double digits, why is Beijing insisting on continuing its stimulus?</p>
  
  <p>New York Times columnist Thomas Friedman, however, thinks none of this will be a problem. Arguing that China is not the next Enron, he gives this advice to Mr. Chanos: “Never short a country with $2 trillion in foreign currency reserves.”</p>
  
  <p>Yet Beijing’s record-setting reserves – now $2.4 trillion – are essentially unusable for this purpose. Why? China’s leaders need local currency, the renminbi, to deal with domestic needs. If they convert reserves into renminbi, they will cause the currency to zoom up in value and choke off the critical export sector. Foreign reserves have only limited uses in domestic crises.</p>
  
  <p>Second, the state’s stimulus plan is taking the nation in the wrong direction. It is favoring large state enterprises over small and medium-sized private firms, and state financial institutions are diverting credit to state-sponsored infrastructure. Over the past three decades, China’s economy has expanded at an average annual rate of 9.9 percent because of the private sector, but now Beijing is renationalizing the economy with state cash.</p>
  
  <p>Third, Beijing’s flooding of state enterprises with government cash will undermine their competitiveness, as a similar tide of money severely damaged Japan’s corporations during the bubble years.</p>
  
  <p>Japanese managers discovered they could make more money managing cash than from anything else, and they therefore neglected their underlying businesses. Essentially the same thing is happening in China.</p>
</blockquote>
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		<title>The USA and Regional Security in Asia (Part 2)</title>
		<link>http://erwin.co/2010/01/30/the-usa-and-regional-security-in-asia-part-2/</link>
		<comments>http://erwin.co/2010/01/30/the-usa-and-regional-security-in-asia-part-2/#comments</comments>
		<pubDate>Fri, 29 Jan 2010 22:18:42 +0000</pubDate>
		<dc:creator>ryan</dc:creator>
				<category><![CDATA[China (中国）]]></category>

		<guid isPermaLink="false">http://ryanerwin.com/?p=801</guid>
		<description><![CDATA[Until the Real Estate Super Bubble finally pops here, I&#8217;ll smile anytime I see &#8220;China&#8221; and &#8220;Bubble&#8221; in one sentence. From The Economist&#8217;s asia column titled &#8220;Japan&#8217;s love-bubbles for China&#8220;.


  WHAT our colleague, Charlemagne, calls “bubbles of optimism” over China have been popping in Western capitals, as China has taken a hard line against [...]]]></description>
			<content:encoded><![CDATA[<p>Until the Real Estate Super Bubble finally pops here, I&#8217;ll smile anytime I see &#8220;China&#8221; and &#8220;Bubble&#8221; in one sentence. From The Economist&#8217;s asia column titled &#8220;<a href="http://www.economist.com/world/asia/displaystory.cfm?story_id=15393357">Japan&#8217;s love-bubbles for China</a>&#8220;.</p>

<blockquote>
  <p>WHAT our colleague, Charlemagne, calls “bubbles of optimism” over China have been popping in Western capitals, as China has taken a hard line against internal dissent, proven unhelpful in efforts to tackle both climate change and Iran’s growing nuclear threat, manipulated its currency and launched cyber-attacks on Western computer networks. China, muscling its way to global prominence, is not quite the partner the West had been cultivating. Striking, then, that in Japan the bubble of optimism, among the country’s new leaders, is only inflating.</p>
</blockquote>

<p>Reuters&#8217;s most read story of the decade is the &#8220;<a href="http://www.reuters.com/article/idUSSP49253620091208">Rise of China</a>&#8220;. The rise started with China&#8217;s entry into the WTO &#8211; in contrast to Russia who&#8217;s never been a WTO member. Western businesspeople and politicians believed that WTO membership would mean China plays by the same rules as the rest of the allies: UK, Germany, France, Japan, Korea, etc. Open markets. Rule of law. Migrating their way toward first world standards. That&#8217;s what we&#8217;ve seen from the Chinese in Hong Kong and in Taiwan, but there is ever growing skepticism that the same transformation will happen in China.</p>

<blockquote>
  <p>Now rumors suggest Mr Hatoyama may make a visit of remorse, the first by a Japanese prime minister, to Nanjing, site of a massacre by Japanese forces in 1937. In return (and at less political cost), Mr Hu may pay respects to the nuclear victims of Hiroshima.</p>
</blockquote>

<p>In the eyes of Chinese people, the &#8220;Little Japanese Devils&#8221; are their mortal enemy. The Japanese raped and pillaged in <a href="http://en.wikipedia.org/wiki/Manchukuo">Manchukuo</a>, and even committed specifically horrible atrocities in Nanjing. The Gov&#8217;t regularly stokes up anti-Japanese sentiment, so the potential patching up of the relationship could immediately alter the balance of power in asia.</p>

<blockquote>
  <p>History wars, still far from resolved, point to the limits of <a href="http://en.wikipedia.org/wiki/Rapprochement">rapprochement</a>. So too do maritime disputes over territory. But a huge constraint is the fiscal one. Greying Japan is burdened with deflation, stagnant growth and a national debt close to 200% of GDP. Japan lacks the resources (and the will) for the kind of bold strategic moves, putting Japan at the heart of Asia, at which Mr Hatoyama and Mr Ozawa hint. Even a more autonomous security policy, out from under America’s wing, is almost a non-starter. Japan has cut its defense spending in recent years, to just 1% of GDP. It has grown more dependent on the United States, not less.</p>
</blockquote>

<p>The commonly accepted debt numbers are: Japan @ 200% of GDP, USA @ 100% of GDP, and China @ 15-30% of GDP. These numbers are interesting, however the Chinese public debt to GDP ration is <a href="http://www.pivotcapital.com/reports/Chinas_Investment_Boom_the_Great_Leap_into_the_Unknown.pdf">probably actually closer to 62%</a> &#8211; comparable to the western european average.</p>

<p>Due to the <a href="http://en.wikipedia.org/wiki/One-child_policy">one-child-policy</a>, China is also greying, though not quite as fast as Japan. China also has a 117:100 male to female ratio, meaning that 1 in 5 boys won&#8217;t be able to find a mate. Compared to 105:100 in Japan and the USA.</p>

<p>Moreover, <a href="http://ryanerwin.com/2009/12/28/cass-85-of-chinese-families-cant-afford-houses/">only 15%</a> of Chinese Chinese can <a href="http://english.peopledaily.com.cn/90001/90782/90872/6835669.html">afford to purchase a home</a> &#8211; not even the basic 50 sqm (550 sqft) that most Chinese families reside in. Under these circumstances, even getting married and having a family is a luxury beyond the reach of far too many mainland Chinese.</p>

<p>Note: public debt is the cumulative total of all government borrowings less repayments that are denominated in a country&#8217;s home currency. Public debt should not be confused with external debt, which reflects the foreign currency liabilities of both the private and public sector and must be financed out of foreign exchange earnings.</p>
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		<title>The USA and Regional Security in Asia (Part 1)</title>
		<link>http://erwin.co/2010/01/30/the-usa-and-regional-security-in-asia-part-1/</link>
		<comments>http://erwin.co/2010/01/30/the-usa-and-regional-security-in-asia-part-1/#comments</comments>
		<pubDate>Fri, 29 Jan 2010 20:50:05 +0000</pubDate>
		<dc:creator>ryan</dc:creator>
				<category><![CDATA[Uncategorized (无大类）]]></category>

		<guid isPermaLink="false">http://ryanerwin.com/?p=799</guid>
		<description><![CDATA[In Does American Need a Foreign Policy, Henry Kissinger suggests that America&#8217;s best role in Asia is similar to the UK&#8217;s role in europe.


  A hostile Asian bloc combining the most populous nations of the world and vast resources with some of the most industrious peoples would be incompatible with the American national interest. [...]]]></description>
			<content:encoded><![CDATA[<p>In <a href="http://www.amazon.com/Does-America-Need-Foreign-Policy/dp/0684855674">Does American Need a Foreign Policy</a>, Henry Kissinger suggests that America&#8217;s best role in Asia is similar to the UK&#8217;s role in europe.</p>

<blockquote>
  <p>A hostile Asian bloc combining the most populous nations of the world and vast resources with some of the most industrious peoples would be incompatible with the American national interest. For this reason, America must retain a presence in Asia, and its geopolitical objective must remain to prevent Asia&#8217;s coalescence into an unfriendly bloc (which is most likely to happen under the tutelage of one of its major powers). Americas relationship to Asia is thus comparable with that of Britain toward the content of Europe for four centuries. Winston Churchill described that situation eloquently:</p>
  
  <blockquote>
    <p><em>For four hundred years the foreign policy of England has been to oppose the stronger, most aggressive, most dominating Power on the Continent&#8230; These four centuries of consistent purpose amid so many chances of names and facts, of circumstances and conditions, must rank as one of the most remarkable episodes which the records of any race, nation, state, or people can show. Moreover, on all occasions England took the more difficult course. Faced by Philip II of Spain, against Louis XIV under William III and Marlborough, against Napoleon, against Wiliam II of Germany, it would have been easy and must have been very tempting to join the stronger and share the fruits of his conquest. However, we always took the harder course, joined with the less strong Powers, made a combination among them, and thus defeated and frustrated the continental military tyrant whoever he was, whatever nation led. Thus we preserved the liberties of Europe, protected the growth of its vivacious and varied society&#8230; It is a law of public policy which we are following and not a mere expedient dictated by accidental circumstances, or likes and dislikes, or any other sentiment.</em></p>
  </blockquote>
  
  <p>In the twenty-first century, an analogous objective for the United States in Asia poses a more complex challenge. The European balance of power was sustained by nation states of substantially homogeneous ethnic composition (with the exception of Russia); many of the major Asian states (China, Russia, India, Indonesia) are continental in size and multiethnic in composition. The European equilibrium was seamless in the sense that all major states were part of it &#8211; that is, the interplay of their alliances constituted the balance of power; thus a crisis over Serbia in the Balkans escalated into the First World War. The Asian balance of power is more differentiated and therefore more complex.</p>
  
  <p>In Europe, two world wars and the insufficient scale of the European nation-state in the face of global challenges have made the nineteenth-century balance of power irrelevant. The nations of Europe no longer treat one another as strategic threats; threats from outside Europe have been dealt with by the alliance with the United States.</p>
  
  <p>By contrast, the nations of Asia have never acknowledged a common danger, having quite differing views about what threatens their security. Some have historically feared Russia; others worry mostly about China; still others are concerned about a resurgent Japan; some in Southeast Asia consider Vietnam the principal danger. India and Pakistan are each obsessed with the threat of the other.</p>
</blockquote>

<hr />

<blockquote>
  <p>To be sure, it is in the American national interest to resist the effort of <em>any</em> power to dominate Asia &#8211; and, in the extreme, the United States should be prepared to do so without allies. But a wise American policy would strive to prevent such an outcome. It would nurture cooperative relations with all of the significant nations of Asia to keep open the possibility of joint action should circumstances require it. But it would also seek to convey to China that opposition to hegemony is coupled with a preference for a constructive relationship and that America will facilitate and not obstruct China&#8217;s participation in a stable international order. Confrontation with China should be the ultimate recourse, not the strategic choice.</p>
</blockquote>
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		<title>Chinese Numbers: NetEase and Others</title>
		<link>http://erwin.co/2010/01/29/chinese-numbers-netease-and-others/</link>
		<comments>http://erwin.co/2010/01/29/chinese-numbers-netease-and-others/#comments</comments>
		<pubDate>Fri, 29 Jan 2010 11:15:44 +0000</pubDate>
		<dc:creator>ryan</dc:creator>
				<category><![CDATA[China (中国）]]></category>

		<guid isPermaLink="false">http://ryanerwin.com/?p=797</guid>
		<description><![CDATA[Why is &#8220;NetEase&#8221; known as 163.com? Originally, China Telecom (电信) and China Mobile (移动) we&#8217;re both part of China Post (邮政局). During those days, Chinese people who wanted to use the internet all dialed up via modem to: 163. That&#8217;s right, 163 was the phone number to access the internet &#8211; no other digits required. [...]]]></description>
			<content:encoded><![CDATA[<p>Why is &#8220;NetEase&#8221; known as 163.com? Originally, China Telecom (电信) and China Mobile (移动) we&#8217;re both part of China Post (邮政局). During those days, Chinese people who wanted to use the internet all dialed up via modem to: 163. That&#8217;s right, 163 was the phone number to access the internet &#8211; no other digits required. In those days, you would buy a pre-paid card to get a temporary username and password.</p>

<p>Why <a href="http://6.cn/">6.cn</a>, <a href="http://www.56.com/">56.com</a>, <a href="http://www.ku6.com/">ku6.com</a>? In Chinese 6 is just a very lucky number. When Chinese people turn 60, it&#8217;s a very big deal &#8211; called &#8220;dàshòu (大寿)&#8221;. Why 60? Because it means that you went through all 12-years of the terrestrial cycle shēngxiào (生肖) 5-times.</p>

<p>Nine is also a lucky number both because 9 is the biggest number and it sounds like &#8220;久&#8221; (jiu) &#8211; the word for permanence.</p>

<p>Of course 8 is the luckiest of them all. Why? Because 8, in Chinese is pronounced &#8220;bā&#8221; which is very similar to &#8220;fā&#8221;, as in fācái (发财) &#8211; to get rich!</p>

<p>There are also lots of times you&#8217;ll see &#8220;168&#8243;. Why? 168 means &#8220;一路发&#8221; (yi lu fa) &#8211; the road to riches.</p>

<p>However 0, 1, 2, 3, 6 and 7 don&#8217;t have any special meaning. They&#8217;re neither positive or negative.</p>

<p>Office on the 4th floor? Not likely, because most Chinese buildings don&#8217;t have a 4th floor. The Chinese word for death sǐ (死) sounds a lot like the number 4 (四), pronounced sī. Most western buildings don&#8217;t have a 13th floor.</p>

<p>On that note, do you know why western culture is sensitive to the number 13? Legend has it Friday the 13th was the day Jesus was crucified, additionally the 13th guest at the last supper was Judas &#8211; the apostle who betrayed Jesus to the romans resulting in crucifixion. Ancient Persians, assigning the twelve constellations of the Zodiac to the months of the year, and though the 13th represented the destruction that would follow the completion of the Zodiac cycle. More about <a href="http://wiki.answers.com/Q/Why_is_13_an_unlucky_number">unlucky 13</a>.</p>
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		<title>State of the People&#8217;s Republic</title>
		<link>http://erwin.co/2010/01/29/state-of-the-peoples-republic/</link>
		<comments>http://erwin.co/2010/01/29/state-of-the-peoples-republic/#comments</comments>
		<pubDate>Fri, 29 Jan 2010 05:56:49 +0000</pubDate>
		<dc:creator>ryan</dc:creator>
				<category><![CDATA[Uncategorized (无大类）]]></category>

		<guid isPermaLink="false">http://ryanerwin.com/?p=795</guid>
		<description><![CDATA[From President Obama&#8217;s State of the Union address.


  We can&#8217;t afford another so-called economic &#8220;expansion&#8221; like the one from the last decade &#8212; what some call the &#8220;lost decade&#8221; &#8212; where jobs grew more slowly than during any prior expansion; where the income of the average American household declined while the cost of health [...]]]></description>
			<content:encoded><![CDATA[<p>From President Obama&#8217;s State of the Union address.</p>

<blockquote>
  <p>We can&#8217;t afford another so-called economic &#8220;expansion&#8221; like the one from the last decade &#8212; what some call the &#8220;lost decade&#8221; &#8212; where jobs grew more slowly than during any prior expansion; where the income of the average American household declined while the cost of health care and tuition reached record highs; where prosperity was built on a housing bubble and financial speculation.</p>
</blockquote>

<p>Interesting that this sounds a whole lot like the <em>so-called economic &#8220;expansion&#8221;</em> here in China&#8230;</p>
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