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Recently, South Korea made an astonishing archaeological discovery that sheds light on the ancient ties between Korea and China. Four ancient wooden tablets with Chinese characters dating back to over a thousand years were unearthed in the city of Buyeo, South Korea."The Chinese people are so miserable," read a social media post in the wake of yet another mass killing in the country earlier this year. The same user also warned: "There will only be more and more copycat attacks." "This tragedy reflects the darkness within society," wrote another. Such bleak assessments, following a spate of deadly incidents in China during 2024, have led to questions about what is driving people to murder strangers en masse to "take revenge on society" . Attacks like this are still rare given China's huge population, and are not new, says David Schak, associate professor at Griffith University in Australia. But they seem to come in waves, often as copycat attempts at garnering attention. This year has been especially distressing. From 2019 to 2023, police recorded three to five cases each year, where perpetrators attacked pedestrians or strangers. In 2024, that number jumped to 19. In 2019, three people were killed and 28 injured in such incidents; in 2023, 16 dead and 40 injured and in 2024, 63 people killed and 166 injured. November was especially bloody. On the 11th of that month, a 62-year-old man ploughed a car into people exercising outside a stadium in the city of Zhuhai, killing at least 35. Police said that the driver had been unhappy with his divorce settlement. He was sentenced to death this week. Days later, in Changde city, a man drove into a crowd of children and parents outside a primary school, injuring 30 of them. The authorities said he was angry over financial losses and family problems. That same week, a 21-year-old who couldn't graduate after failing his exams, went on a stabbing rampage on his campus in Wuxi city, killing eight and injuring 17. In September, a 37-year-old man raced through a Shanghai shopping centre, stabbing people as he went . In June, four American instructors were attacked at a park by a 55-year-old man wielding a knife. And there were two separate attacks on Japanese citizens, including one in which a 10-year-old boy was stabbed to death outside his school. The perpetrators have largely targeted "random people" to show their "displeasure with society", Prof Schak says. In a country with vast surveillance capabilities, where women rarely hesitate to walk alone at night, these killings have sparked understandable unease. So what has prompted so many mass attacks in China this year? A major source of pressure in China right now is the sluggish economy. It is no secret that the country has been struggling with high youth unemployment, massive debt and a real estate crisis which has consumed the life savings of many families, sometimes with nothing to show for it. On the outskirts of most major cities there are entire housing estates where construction has stopped because indebted developers cannot afford to complete them. In 2022, the BBC interviewed people camping in the concrete shells of their own unfinished apartments , without running water, electricity and windows because they had nowhere else to stay. "Optimism certainly does seem to have faded," says George Magnus, a research associate at Oxford University's China Centre. "Let's use the word trapped, just for the moment. I think China has become trapped in a sort of cycle of repression. Social repression and economic repression, on the one hand, and a kind of faltering economic development model on the other." Studies appear to point to a significant change in attitudes, with a measurable increase in pessimism among Chinese people about their personal prospects. A significant US-China joint analysis, which for years had recorded them saying that inequality in society could often be attributed to a lack of effort or ability, found in its most recent survey that people were now blaming an "unfair economic system" . "The question is who do people really blame?" Mr Magnus asks. "And the next step from that is that the system is unfair to me, and I can't break through. I can't change my circumstances." In countries with a healthy media, if you felt you had been fired from your job unfairly or that your home had been demolished by corrupt builders backed by local officials, you might turn to journalists for your story to be heard. But that is rarely an option in China, where the press is controlled by the Communist Party and unlikely to run stories which reflect badly on any level of the government. Then there are the courts – also run by and for the party – which are slow and inefficient. Much was made on social media here of the Zhuhai attacker's alleged motive: that he did not achieve what he believed was a fair divorce settlement in court. Experts say other outlets for venting frustrations have also narrowed or been shut down altogether. Chinese people often air their grievances online, says Lynette Ong, a political science professor at the University of Toronto, who has carried out significant research on how the Chinese state responds to push back from its people. "[They] will go on to the internet and scold the government... just to vent their anger. Or they may organise a small protest which the police would often allow if it's small-scale," she explains. "But this sort of dissent, small dissent, has been closed off in the last couple of years." There are plenty of examples of this: Increased internet censorship, which blocks words or expressions that are deemed controversial or critical; crackdowns on cheeky Halloween costumes that make fun of officialdom; or when plain-clothed men, who appeared to have been mobilised by local officials, beat up protesters in Henan province outside banks which had frozen their accounts. As for dealing with people's mental and emotional responses to these stresses, this too has been found wanting. Specialists say that China's counselling services are vastly inadequate, leaving no outlet for those who feel isolated, alone and depressed in modern Chinese society. "Counselling can help build up emotional resilience," says Professor Silvia Kwok from Hong Kong's City University, adding that China needs to increase its mental health services, especially for at-risk groups who have experienced trauma or those with mental illness. "People need to find different strategies or constructive ways to deal with their emotions... making them less likely to react violently in moments of intense emotional stress." Taken together, these factors suggest the lid is tightening on Chinese society, creating a pressure cooker-like situation. "There are not a lot of people going around mass killing. But still the tensions do seem to be building, and it doesn't look like there is any way it is going to ease up in the near future," Mr Magnus says. What should worry the Communist Party is the commentary from the general public blaming those in power for this. Take this remark for example: "If the government truly acts fairly and justly, there would not be so much anger and grievance in Chinese society... the government's efforts have focused on creating a superficial sense of harmony. While it may appear that they care about disadvantaged people, their actions have instead caused the greatest injustices." While violent attacks have been rising in many countries, according to Professor Ong, the difference in China is that officials have had little experience dealing with them. "I think the authorities are very alarmed because they've not seen it before, and their instinct is to crack down." When China's leader Xi Jinping spoke about the Zhuhai attack, he seemed to acknowledge pressure was building in society. He urged officials across the country to "learn hard lessons from the incident, address risks at their roots, resolve conflicts and disputes early and take proactive measures to prevent extreme crime". But, so far, the lessons learnt seem to have led to a push for quicker police response times using greater surveillance, rather than considering any changes to the way China is run. "China is moving into a new phase, a new phase that we have not seen since the late 70s," Prof Ong says, referring to the time when the country began opening to the world again, unleashing enormous change. "We need to brace for unexpected events, such as a lot of random attacks and pockets of protest and social instability emerging."
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NoneHow major US stock indexes fared Monday, 12/23/2024No. 3 Penn State eyes second Big Ten championship under James Franklin
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Title: Captain of South Korean 707 Special Forces Chokes Up, Elite Forces Become the Subject of RidiculePresident Biden has overseen nearly four years of a two-tiered justice system, as his pardoning of Hunter Biden and the political persecutions of then-candidate Donald Trump make all too clear. But there have been quieter attacks on justice, like “debanking” — and few people realize they could be the next victims because they are a “politically exposed person,” that is someone who disagrees with the liberal status quo. Debanking is a kind of financial blackballing that has appeared within just the last 20 years. It started under then-President Barack Obama as a war to punish those seen as political enemies, like firearm manufacturers. Government documents unsealed at the end of 2020 proved that the federal government used its regulatory authority over financial markets to attack political opponents. Government regulators essentially make it impossible for certain people or businesses to make online transactions, or to have a bank account or a credit card. Dr. Joseph Mercola, a critic of the COVID vaccine, found his business accounts shut down by JP Morgan Chase, a move his chief financial officer claimed was at the same time Mercola spoke out against the Food and Drug Administration. In her new memoir, Melania Trump says her bank account was terminated after the riots of Jan. 6, 2021, and her son Barron was unable to open his own account. She called it “political discrimination.” In the modern world, exclusion from electronic financial services is an economic death sentence. Regulators will claim that they’re not technically forbidding a private bank from doing business with an individual, and that the bank is freely choosing not to have that person as a customer. But the reality is very different — because of the undue influence and control in the hands of today’s bloated administrative state. A bureaucrat can make someone’s life so difficult that the victim is forced to comply — the government strong-arming a private individual or institution into doing what the government itself cannot do by law. It’s like when the Biden administration pressured social-media companies into deplatforming anyone who questioned political talking points about the COVID pandemic. The debanking scourge under President Biden has hit the crypto world particularly hard. The Securities and Exchange Commission has unleashed a plague of investigations, some real and some merely threatened, to force innovators and investors out of that space. Dozens of tech and crypto founders have been debanked under Biden, and their inventions smothered. On Joe Rogan ‘s podcast, venture capitalist Marc Andreessen blamed the Consumer Financial Protection Bureau, a group set up at the behest of Sen. Elizabeth Warren (D-Mass.) to go after crypto firms in particular. “Basically every crypto founder, every crypto startup, either got debanked personally and forced out of the industry, or their company got debanked,” Andreessen said. Andreessen added that others, like Kanye West, have been debanked, “For having the wrong politics. For saying unacceptable things. Under current banking regulations, after all the reforms of the last 20 years, there’s now a category called a politically exposed person, PEP. And if you are a PEP, you are required by financial regulators to kick them off, to kick them out of your bank.” President-elect Donald Trump’s nominee for Treasury Secretary, Scott Bessent , has pointed out that many Democrats have been on an anti-crypto crusade as they attempt to wash off the stink of FTX and Sam Bankman Fried — the crypto scammer and fraud who gave massive campaign donations to Democratic politicians. The problem goes far beyond crypto or the tech industry, however. And it’s bigger than just the Biden administration, which uses surrogates like the Southern Poverty Law Center to fallaciously label any conservative institution a “hate group.” Doing business with a group that engages in “hate” can get a financial institution dinged by regulators for increased “reputational risk.” What does that have to do with a creditor’s ability to repay a loan or the solvency of a bank or the worth of an individual’s assets? Nothing. The radical left’s push to debank anyone with whom they disagree has nothing to do with sound financial principles — it’s all politics. Anyone who appreciates freedom and the rule of law should be supremely grateful that the incoming president has put the bureaucrats on notice: Their days of covertly forcing political compliance are numbered. E.J. Antoni, a public-finance economist, is the Richard F. Aster fellow at the Heritage Foundation.
The year 2024 has brought both opportunities and threats to private banks, forcing them to reevaluate their strategies and rethink their business models. With the rise of digital banking and fintech disruptors, traditional private banks are facing increasing pressure to adapt to the changing market dynamics. Those that fail to embrace innovation and technology risk being left behind in an increasingly crowded and competitive environment.
National Labour Commission initiative measures to curb industrial disputes, strikes(CNN) — President-elect Donald Trump is expected to offer Kelly Loeffler the job of secretary of the Department of Agriculture, two people familiar with the matter told CNN. He is set to meet with her at Mar-a-Lago Friday afternoon, but as is always the case, nothing is final until Trump announces it. Loeffler, who briefly represented Georgia in the Senate, had fundraised for Trump during the 2024 race and raised several million dollars for his campaign over the summer when she hosted a debate watch party with Republican National Committee Chair Michael Whatley. Several of Trump’s other Cabinet picks — including Sen. Marco Rubio and Rep. Elise Stefanik — were at that party. Loeffler is also co-chairing Trump’s inauguration, as CNN previously reported. The agriculture job will likely be a significant one — especially as Trump’s pick to run the Department of Health and Human Services, Robert F. Kennedy Jr., has promised to assert his influence over the agriculture industry. Loeffler, appointed to the Senate by Georgia Gov. Brian Kemp over the wishes of Trump, lost her seat in a 2021 runoff to Democratic now-Sen. Raphael Warnock. Loeffler was a staunch Trump ally in Congress, saying prior to the violence on January 6, 2021, that she planned to vote against certifying her state’s electoral results in support of Trump’s broader effort to upend Joe Biden’s 2020 election victory. After the US Capitol attack, Loeffler backed off her objection, saying on the Senate floor: “When I arrived in Washington this morning, I fully intended to object to the certification of the electoral votes. However, the events that have transpired today have forced me to reconsider, and I cannot now in good conscience object to the certification of these electors.” In the same speech, Loeffler condemned the violence at the Capitol, calling it “abhorrent.” Loeffler was among the witnesses who appeared before the grand jury as part of Trump’s 2020 election subversion criminal case in Georgia. Before joining the Senate, Loeffler served as an executive at a financial services firm in Atlanta. She was also a co-owner of the WNBA’s Atlanta Dream. She was among the wealthiest lawmakers during her short time in Congress. Her husband, Jeffrey Sprecher, is the CEO of the Intercontinental Exchange. When running for election in 2020, she announced she and her husband were divesting from individual stocks amid sharp criticism over trades she and other lawmakers made ahead of the market downturn caused by the coronavirus. Kemp had appointed Loeffler to fill the seat of Johnny Isakson, who had left the Senate before the end of his term because of health concerns. Trump, however, had pressed the governor to appoint then-Rep. Doug Collins, who then challenged Loeffler for the remainder of Isakson’s term. The two Republicans sought to one-up the other and showcase their loyalty to Trump, moving further and further to the right in a state where Atlanta’s more moderate suburban voters were key. Collins fell short in the November 2020 election, while Loeffler and Warnock advanced to the January 2021 runoff. This year, Trump has selected Collins to lead the Department of Veterans Affairs.
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