Debt Ceiling: China Calls for World to Be 'De-Americanised'

[Phurfur 70]

Link to where I said you said Fox news is never wrong

 

Did you forget your Geritol this morning grandpa?

 

The lack of a link shows you were OWNED and you immediately go into personal attack mode.

[MDC 7,887]

Another potentially awesome thread full of insight and ideas, rooned through my participation.

[peenie 1,963]

Unlike here where lobbyists pay 50K for a lunch with a Senator because he is fascinating company.

 

i think it's deeper than that and more pervasive. it's seems that sort of influencing takes place from bottom to top:

 

The building of relationships (guan xi in Chinese, pronounced ‘gwan she’) drives successful business development in China. This is absolutely key to getting things done in the country and is built on the exchange of gifts, meals, entertainment and favors. This includes providing moon cakes during the Mid-Autumn Festival, as well as small gifts and client entertainment (commonly karaoke or spa treatments). The giving of moon cakes is frequently cited as an example of corruption risk in China, although it is more likely that the cakes are simply what people are nibbling on when they are discussing the real bribes. Although it is almost impossible nowadays in China for a decision-maker to decide contracts purely on the basis of a box of moon cakes or a free spa treatment, these exchanges of gifts, as common as handshakes in the West, are seen as quite necessary in the business relationship-building process.

It is well known that in China, business generally gets done at the dinner table and the lavishness of these dinners is considered a mark of your respect for the client. What is less commonly known is that Chinese businessmen love a good drink just as much as their UK counterparts. One client tells us her stories of nightly drinking sessions with her clients, involving the purchase of high-priced beers, wines and liquors – the more expensive the beverage, the more respect and ‘face’ for the client.

In China, face is not an asset that can be held onto – rather, it must be given to others. ‘Giving face’ essentially means doing what the client asks for, regardless of legality or moral or ethical standards. This gives salespeople strong motives to test the boundaries of law and regulation, which can be easy or impossible to achieve, depending on their guan xi. The extent of business that is reliant on guan xi and face will be critical in identifying risks in a company’s practices and corporate governance.

Because Chinese business practices and culture weigh heavily on relationships and networks, handshake deals and oral agreements can be deemed more binding than contracts by some companies. Not surprisingly, on more than one occasion we have come across a multi-million-dollar business without any written agreements with its key clients. This can create a myriad of legal issues and may expose companies to increased corruption risk and potential erosion of business upon key persons leaving or the business being acquired by a new owner.

Conducting effective anti-corruption due diligence is particularly difficult in China due to management’s unwillingness to cooperate, incomplete books, high employee turnover, weak internal control and lack of public information and resources.

 

[IGotWorms 4,063]

 

i think it's deeper than that and more pervasive. it's seems that sort of influencing takes place from bottom to top:

 

Don't try to explain cultural differences to the 'tards. They're incapable of understanding any idea that is even remotely nuanced

[drobeski 3,061]

Another potentially awesome thread full of insight and ideas, rooned through my participation.

Awwww jerrys wittlewittle insult hurt mduhc's feelings, awww boo hoo poor little queerbate cant handle the criticism

[MDC 7,887]

Awwww jerrys wittlewittle insult hurt mduhc's feelings, awww boo hoo poor little queerbate cant handle the criticism

More evidence of the type of incisive political analysis you can expect from the Geek Club.

[Recliner Pilot 61]

Awwww jerrys wittlewittle insult hurt mduhc's feelings, awww boo hoo poor little queerbate cant handle the criticism

[Phurfur 70]

"In this present crisis, government is not the solution to our problems; government is the problem."- Ronald Reagan

[NewbieJr 541]

Wow. a quote from the mental midget, Phurfag. How original.

[TimmySmith 2,783]

Don't try to explain cultural differences to the 'tards. They're incapable of understanding any idea that is even remotely nuanced

Right, no "mooncakes" in DC, just cold hard cash. Incredibly different.

[drobeski 3,061]

Don't try to explain cultural differences to the 'tards. They're incapable of understanding any idea that is even remotely nuanced

Admit it, you wear a scarf, have a beard and rarely shower right ?

[IGotWorms 4,063]

Admit it, you wear a scarf, have a beard and rarely shower right ?

No, no, and no.

 

But other than that you're spot on

[Voltaire 5,491]

Mooncakes are like fruitcakes in two ways: no taste isn't one. I mean they only come out once a year for a holiday and they are super dense and heavy with a metric ton of calories.

 

The mooncake festival is in early autumn. This year, it was whatever day the full moon was around September 20th. The idea is for sharing time to think about or get in contact with loved ones who are separated. "We can't be together but we can enjoy this same moon."

 

I never connected the mooncake holiday with corruption. It's a gift exchange. Now, the cakes themselves are pretty expensive, but I liked that to bakers taking advantage of the holiday for big profits like toymakers at Christmas, florists at Valentine's Day, or candymakers at Halloween..