2013 San Francisco Book Festival Award Winners

May 6, 2013

Running with the Enemy by Lloyd Lofthouse was awarded an honorable mention in general fiction at the 2013 San Francisco Book Festival.


Pageflex Persona [document: PRS0000035_00034]

The winner of the general fiction category went to John Irving’s In One Person published by Simon & Schuster, and the grand prize was awarded to The Power of Starting Something Stupid: How to Crush Fear, Make Dreams Happen & Live Without Regret by Richie Norton with Natalie Norton — Shadow Mountain Publishing.

John Irving won the National Book Award in 1980 for The World According to Garp, and he received an O. Henry Award in 1981 for the short story “Interior Space. In 2000, he won the Oscar for Best Adapted Screenplay for The Cider House Rules.

Richard Norton, the grand prize winner of the 2013 San Francisco Book Festival, is the CEO of Global Consulting Circle. He is a sought after speaker and consultant for the corporate growth and personal development industries. Norton has shared the stage with bestselling authors such as Stephen Covey, author of The 7 Habits of Highly Effective People, and Kevin Rollins, former CEO of Dell Computers.

Lloyd Lofthouse is the author of the award winning My Splendid Concubine and Running with the Enemy. His short story, A Night at the ‘Well of Purity’ was named a finalist in the 2007 Chicago Literary Awards. Anchee Min, Lloyd’s wife, is the author of Red Azalea, a New York Times Notable Book of the Year—in addition to national bestsellers Becoming Madame Mao and Empress Orchid, which was a finalist for the British Book Awards. Min’s memoir, the sequel to Red AzaleaThe Cooked Seed—will be released May 7, 2013.

The award winners for the 2013 San Francisco Book Festival will be honored on May 18, 2013 at a public free festival and a private awards ceremony held at the Sir Francis Drake Hotel in San Francisco.

_______________

Lloyd Lofthouse is the award-winning author of My Splendid Concubine [3rd edition]. When you love a Chinese woman, you marry her family and culture too. This is the love story Sir Robert Hart did not want the world to discover.

Subscribe to “iLook China”!
Sign up for an E-mail Subscription at the top of this page, or click on the “Following” tab in the WordPress toolbar at the top of the screen.

About iLook China


A “found” corruption

March 11, 2013

Have you ever heard of a “found” poem?

If not, this is what it means: “Found poems take existing texts and refashion them, reorder them, and present them as poems. The literary equivalent of a collage, found poetry is often made from newspaper articles, street signs, graffiti, speeches, letters, or even other poems.” Source: Poets.org

Well, I found something about consumer related corruption, but it wasn’t linked to China. It took place in the United States, and I’m going to write a “found” post by piecing together a collage of corruption with one example from China compared to similar private sector corruption in the United States where greedy CEOs took short cuts to boost profits.

On “60 Minutes” Sunday night, March 10, 2013, I first heard about the NECC Drug Scandal: Fake names used to bypass regulations (the story first broke September 2012).  I then Googled “NECC Drug Scandal” and came up with 786,000 hits.

Then I Googled “Chinese drywall import scandal” (2001) and came up with more than 4.4 million hits.

Since the late 1990′s there has been a conservative political agenda in the United States to take away and/or limit Federal government regulatory and watchdog protection for consumers. One of those exemptions from FDA over-site led to the NECC Drug Scandal. That same conservative political agenda also led to the 2007-08 global financial crises.

Wiki reports that from the NECC scandal (started September 21, 2012 and still ongoing) there have been 48 deaths, 720 injuries and more than 400 lawsuits filed against NECC.

Let’s compare that to the potential for injury from the Chinese drywall scandal: “The Center for Disease Control, in collaboration with The Agency for Toxic Substances and Disease Registry released a guide indicating the residents of affected homes reported irritated and itchy eyes and skin, difficulty breathing, persistent cough, bloody noses, runny noses, recurrent headaches, sinus infection, and asthma attacks.”

Out of curiosity, I Googled, “the Ford Pinto Case (1972) where, due to a cover up at Ford, people died.”The cases involving the explosion of Ford Pintos due to a defective fuel system design led to the debate of many issues, most centering around the use by Ford of a cost-benefit analysis and the ethics surrounding its decision not to upgrade the fuel system based on this analysis.” My Google search came up with 719,000 hits. Twenty-seven deaths were attributed to Ford Pinto fires.

Does this “found” post on corruption and good-old-fashioned universal human greed reveal that a scandal in China will cause more of an uproar than a similar or worse scandal in the United States? If so, why?  After all, no one has died yet from that tainted drywall that was made in China and sold in the US.

If the fungus tainted drugs from NECC had been made in China and exported to the United States, how many Google hits do you think would result?

Discover High Speed Rail Tragedy in China Reveals Small Minds in West (39 people died and it was an accident not linked to corruption) and More on China’s July 2011 Rail Accident (Note: a Google search of this topic came up with 22.2 million hits)

_______________

Lloyd Lofthouse is the award-winning author of My Splendid Concubine [3rd edition]. When you love a Chinese woman, you marry her family and culture too. This is the love story Sir Robert Hart did not want the world to discover.

Subscribe to “iLook China”!
Sign up for an E-mail Subscription at the top of this page, or click on the “Following” tab in the WordPress toolbar at the top of the screen.

About iLook China


No Way is Tibet a Democracy in Exile!

February 18, 2013

I read a misleading post at Global Voices that was titled China and Tibet: Democracy in Exile. My first thought was, “When was Tibet ever a Democracy?”

Let’s see, how did the United States become a Republic? The answer is simple: the American colonists rebelled against the British Empire and fought the American Revolution 1775 – 1783.  There was the Declaration of Independence and then there was the US Constitution followed by twenty-seven ratified amendments. The 27th Amendment was enacted on May 7, 1992, but was proposed September 25, 1789. It only took two-hundred and three years for approval. Wow!

Tibet does not have a similar history. The only thing that is similar is that some Tibetans took part in an uprising against the CCP, and they lost. The same thing could have happened in America from 1775 to 1783. If  the colonists had lost, a reluctant US might still be ruled by the UK.

In fact, it doesn’t matter what the Richard Geres of  the world say or want us to believe—Tibet has never been a republic or a democracy.

Here’s what the Global Voices author said in the first sentence, “Being a Tibetan in exile is a loss that manifests in many forms: the loss of homeland and natural rights fall within that.”

What were the natural rights that were lost?

Most Tibetans in exile (represented by about 1% of the total Tibetan population) gave up land and thousands of serfs who were treated no better than slaves. What was lost were positions of power and wealth.

Before 1950, when Mao’s Red army reoccupied Tibet for China, there had been no democracy or republic in Tibet – ever.

The following quotes show us what Tibet was like before 1950.

“Lamaism is the state religion of Tibet and its power in the Hermit Country is tremendous. Religion dominated every phase of life. … For instance, in a family of four sons, at least two, generally three, of them must be Lamas. Property and family prestige also naturally go with the Lamas to the monastery in which they are inmates.

“Keeping the common people or laymen, in ignorance is another means of maintaining the power of the Lamas. Nearly all of the laymen (serfs) are illiterate. Lamas are the only people who are taught to read and write.”  Source: October 1912 National Geographic Magazine, page 979.

I’m sure that under Lamaism, there was no freedom of religion, no freedom of speech, and the people did not vote.  Need I saw more?

Between 1912—when those words appeared in National Geographic—and 1950, Tibet did not change, because it stayed the same as it had been for centuries. The only difference was that there was no Chinese governor in Tibet appointed by the Emperor and supported by Chinese troops.

What we have in Global Voices is clever manipulation to elicit support for the Tibetan separatist movement.

There’s nothing wrong with supporting a separatist movement. After all, there are at least eight known and active separatist movements in the United States: the Alaska Independence Party; Hawaiian sovereignty movement; Lakotah Oyate; Puerto Rico Independence Party; League of the South; Texas Secession Movement; Second Vermont Republic and the Cascadia Independence Movement.

In addition, Tibetans have the same odds to be free from China as Hawaiians and the Lakota Sioux have of being free of the United States.

It is a fact that a reluctant Tibet was ruled over by the Yuan (Mongol), Ming (Han) and Qing (Manchu) Dynasties from 1277 to 1913, when Great Britain convinced Tibet to break from China at the same time the Qing Dynasty was collapsing.

Discover Why Tibet?

_______________

Lloyd Lofthouse is the award-winning author of My Splendid Concubine [3rd edition]. When you love a Chinese woman, you marry her family and culture too. This is the love story Sir Robert Hart did not want the world to discover.

Subscribe to “iLook China”!
Sign up for an E-mail Subscription at the top of this page, or click on the “Following” tab in the WordPress toolbar at the top of the screen.

About iLook China


A US President’s half brother and Disneyland in China

January 1, 2013

President Obama’s half brother, Mark Okoth Obama Ndesandjo, has lived in Shenzhen, China since 2002, and he is married to a Chinese woman. Ndesandjo speaks fluent Mandarin and practices Chinese calligraphy. In a TIME interview, he said, “I’ve experienced the warmth and the graciousness of the Chinese people.” Ndesandjo is overwhelmingly positive about his life in China.

Mark runs an Internet company called WorldNexus that advises Chinese corporations how best to reach international customers.He graduated from Brown University, studied physics at Stanford University, and received an MBA from Emory University.

In 2008, TIME magazine reported that a Shanghai Disneyland was approved in China, and according to a report by the Burbank, California based Themed Entertainment Association, “Chinese consumers have a lot of love for Disney. They’re more excited about Disneyland than the EXPO 2010 Shanghai China.”

The opening ceremony for the construction of Shanghai Disneyland was held on April 8, 2011 and the park is expected to open December 2015 on 963 acres in Pudong, Shanghai.  It will be about three times the size of the Hong Kong Disneyland Resort.

Hong Kong Disneyland opened in September 2005 and is located on reclaimed land in Penny’s Bay, Lantau Island and has hosted over 25 million guests.

To give you an idea how much Chinese love the American lifestyle, visit Zhang Yimou’s musical, the Impressions of Liu Sanjie. This musical with a cast of hundreds is staged on and alongside the Li River in Southeast China near Vietnam. The theater reminded me of similar theaters at American theme parks like Six Flags or Disneyland but the music was local and ethnic.

Discover Eating Turkey in China

______________

Lloyd Lofthouse is the award-winning author of The Concubine Saga. When you love a Chinese woman, you marry her family and culture too. This is the love story Sir Robert Hart did not want the world to discover.

Subscribe to “iLook China”!
Sign up for an E-mail Subscription at the top of this page, or click on the “Following” tab in the WordPress toolbar at the top of the screen.

About iLook China


The HORROR of killing children – knife or gun – murder is murder

December 14, 2012

This morning, two news reports grabbed my attention. One was from China and the other took place in the US. Both were similar and elementary-age children were the targets.

From China, the BBC News reported, “A man with a knife has wounded 22 children – at least two of them seriously – and an adult at a primary school in central China. The attack happened at the gate of a school in Chenpeng village in Henan province. … Security at China’s schools has been increased in recent years following a spate of similar knife attacks in which nearly 20 children have been killed.”

So far, in China’s most recent grade school assault, no one has been reported dead but in the US, in a similar incident, the death toll was shocking.

Fox News reported, “At least 26 dead in shooting at Connecticut elementary school. … Authorities say at least 26 people, including 18 children, were killed Friday when a gunman clad in black military gear opened fire inside a Connecticut elementary school.

“A law enforcement official said the shooter, who is dead, was from New Jersey and had ties to Sandy Hook Elementary School in Newtown. Authorities recovered a Glock and Sig Sauer 9mm handgun, but it was unclear who killed the shooter, who wore black combat garb and a military vest.”

To understand why, I Googled “profile of mass murderers” and discovered that unlike serial killers mass murderers are hard to profile and are unpredictable.

Dr. Michael Stone told The Daily Beast, “Usually you’re dealing with an angry, dissatisfied person who has poor social skills or few friends, and then there is a trigger that sets them off.” … adding that 96.5 percent of mass murderers are male, and a majority aren’t clinically psychotic. Rather, they suffer from paranoia and often have acute behavioral or personality disorders.

The only difference that I can see is that in America, the US Constitution, the law of the land, says citizens may buy weapons such as the pistols and rifles used in the assault in Connecticut, but in China deranged mass killers have no choice but to resort to a knife leaving more survivors.

Because these types of killing sprees offer no explanation and are unpredictable, then what is similar between these two tragedies?  Is it because of rampant consumerism? Is it because of nutrition-starved fast food and sugary drinks changing the environment of the body and mind? Is it the virtual social media world of the Internet? After all, China and the US have the most Internet users—China has more than 500 million and the US 245 million. For example, third place goes to India that has more than 150 million Internet users or 12.4% of the population.

When I checked the list of school massacres by rampage killers, 155 were listed as killed in the US and 58 in China.

What is it about the changing environments and cultures of these capitalistic, consumer oriented nations that leads to such attacks? Have family values changed that much?

Discover The United States versus the People’s Republic of China — Who is more AGGRESSIVE?

______________

Lloyd Lofthouse is the award-winning author of The Concubine Saga. When you love a Chinese woman, you marry her family and culture too. This is the love story Sir Robert Hart did not want the world to discover.

Subscribe to “iLook China”!
Sign up for an E-mail Subscription at the top of this page, or click on the “Following” tab in the WordPress toolbar at the top of the screen.

About iLook China


Cyber War – Who is the Enemy?

November 13, 2012

China rejects claims of Internet hacking attacks by Gillian Wong, Associated Press Writer.

Why is it that everything that happens in China is that government’s fault?

At least that’s how the Western media and politicians seem to report it. If the Chinese government is to blame for what every Chinese citizen does, then every senator, congressmen, Supreme Court justice and the president of the United States are responsible for everything happening in America.

China has every right to deny they are responsible. After all, where is the evidence? I always thought people were considered innocent until proven guilty. Shouldn’t governments have the same right. Isn’t that the foundation of American justice? China has a huge population using the Internet. Anyone could be doing this.

In fact, there are 485 million Internet users in China, more than any other country in the world.

How would you like to keep track of 1.3 billion people? Heck, the government of the United States can’t even control its people, and I know that China does not control their people as much as many in the West want to believe it does.

Here’s an example of what happens when Yellow journalism in the West and politicians stir the pot. One Blogger Who Found Them Guilty is evidence that “simple” minds jump to conclusions based on propaganda, which is a two way street.

In addition Hacker Statistics.com says, “The United States currently leads as the country that suffered the most attacks in regards to online cyber threats with 35% of these aimed at citizens of the US; the US was also the country that hosted the most attacks, with 60% of phishing attacks starting from the US.”

Then there is this ranking of countries that are good in computer programming and the best in computer hacking. First place goes to Russia.

2. India
3. Poland
4. The United States of America …
15. China
Source:Share Ranks.com

However Rediff.com ranks the United States tops in malicious Internet activity, the number one country of orgin for Web-based attacks in 2009, accounting for 34 percent of the worldwide total.

______________

Lloyd Lofthouse is the award-winning author of The Concubine Saga. When you love a Chinese woman, you marry her family and culture too. This is the love story Sir Robert Hart did not want the world to discover.

Subscribe to “iLook China”!
Sign up for an E-mail Subscription at the top of this page, or click on the “Following” tab in the WordPress toolbar at the top of the screen.

About iLook China


Scapegoating China and Manipulating the Opinions of Americans – Part 4/4

November 8, 2012

In conclusion, how many ignorant adult voters are there in America that a presidential candidate can fool to gain votes? I think the answer may be found from the number of adult Americans that do not read books and watch too much reality TV.

According to Mental Floss, Where Knowledge Junkies Get Their Fix, in the United States:

1. One-third of high school graduates never read another book for the rest of their lives.

2. Forty-Two percent of college graduates never read another book after college.

3. Eighty percent of U.S. families did not buy or read a book last year.

4. Seventy percent of U.S., adults have not been in a bookstore in the last five years.

5. Children who watch four or more hours of TV per day spend less time on school work, have poorer reading skills, play less with friends, and have fewer hobbies than children who watch less TV. Source for #5: Reading.org

However, according to A. C. Nielsen Co., the average American watches more than 4 hours of TV each day, and the number of hours per day that TV is on in an average U.S. home: 6 hours, 47 minutes. Source: csun.edu

No matter what we hear from an American politician running for election, the Bureau of Labor Statistics proves that education/literacy pays, because the unemployment rate for adult Americans with less than a high school diploma is 14.1% (medium weekly earnings in 2011 was $451) while unemployment for workers with a college BA degree is 4.9% (medium weekly earnings in 2011 was $1,053).

In fact, about 39% of voters ages 18 and older that do not have a high school degree vote, while 77% of college graduates vote. In addition, you may suspect that low-income voters would vote Democratic, but the top sixteen states with very high or high level of persons living below poverty (43% of adults with low literacy skills live in poverty), twelve  of these states vote solidly Republican. Source: Election 2012 Factors: Poverty Level Households by State

Answer this question: If you cannot read or understand what you read, where do you get information to help decide how to vote or what to think about China?

A. talk radio (dominated by conservative talk shows such as Rush Limbaugh)

B. television

C. reading informative Blogs such as this one

D. reading newspaper, books, and magazines to become better informed

E. other sources – for example, the barber shop or a bar

I think that Abraham Lincoln should have also said, “It is easier to fool someone that is uneducated and does not read than someone that is educated and reads.”

Note: If you want to learn about the impact of watching too much TV, I suggest you read TV Turns Kids Into Zombies, Retards Development, and eventually, these children grow up to be adults that vote.

Return to Scapegoating China … Part 3 or start with Part 1

______________

Lloyd Lofthouse is the award-winning author of The Concubine Saga. When you love a Chinese woman, you marry her family and culture too. This is the love story Sir Robert Hart did not want the world to discover.

Subscribe to “iLook China”!
Sign up for an E-mail Subscription at the top of this page, or click on the “Following” tab in the WordPress toolbar at the top of the screen.

About iLook China


Scapegoating China and Manipulating the Opinions of Americans – Part 3/4

November 7, 2012

In Part 2, we discovered that China’s unemployment rate among rural Chinese working in manufacturing reached 16.4% in early 2009 (while unemployment in the United States was only 9.3%), and from Forbes on October 18, 2012 we learn: Manufacturing jobs stand poised for a rebound as jobs get reshored from China — creating 2.5 million to 5 million U.S. jobs in manufacturing and support jobs. Worries about a severe job skills gap are largely misreported according to results from a Boston Consulting Group (BCG) analysis – part of the firm’s ongoing series entitled Made in America, Again.” 

In comparison, unemployment in the United States stands at 7.8% today. In another comparison, during 2007 – 2009 while China lost 23 million manufacturing jobs, the United States lost only 2 million in that job sector. Source: bls.gov

With numbers like these, would someone explain how China is stealing manufacturing jobs from the US?

In addition, the average credit card debt per household in the US (I’m not talking about the Federal national debt) is about $16,000 while total U.S. Consumer debt was $2.43 trillion as of May 2011.


The History of Economic Booms and Busts

US Mortgage Debt is more than $14 trillion and 40% of Americans have no retirement savings while 25% have no personal savings. In fact, 38% of American adults have no emergency funds to fall back on.

However, in China the average household saves almost 30% of its annual income. The average business saves about 45% of net profits and the government has a surplus savings rate of more than 50% of tax revenues instead of the US that has a national debt more than 100% of GDP–more than $16 trillion. The US has been spending more than a trillion dollars a year that it doesn’t have while China saves half of its tax revenues and invests in infrastructure and in other countries such as the US. Source: VoxEU.org

Does that sound as if China is a threat to the US and is stealing manufacturing jobs from America? Many in the US are self centered and do not consider that China trades with the world–not just America. In 2011, China exported about $1.6 trillion in goods to other countries while importing about $1.4 trillion. At the same time, China bought about $104 billion in goods from the US. Source: US-China.org

In addition, outside the US, the world sees China differently. The Pew Global Attitudes Project surveys thousands of people in 59 countries. For 2012 China had a 94% favorable rating while the United States had 40%.


The Hidden History of the Financial Crisis

Back to Abraham Lincoln, who said, “You can fool some of the people all of the time, and all of the people some of the time, but you cannot fool all of the people all of the time.”

We will discover what that means today in the last post in this series.

Continued on November 1, 2012 in Scapegoating China … Part 4 or return to Part 2

______________

Lloyd Lofthouse is the award-winning author of The Concubine Saga. When you love a Chinese woman, you marry her family and culture too. This is the love story Sir Robert Hart did not want the world to discover.

Subscribe to “iLook China”!
Sign up for an E-mail Subscription at the top of this page, or click on the “Following” tab in the WordPress toolbar at the top of the screen.

About iLook China


Scapegoating China and Manipulating the Opinions of Americans – Part 2/4

November 6, 2012

Once we discover how many times the United States has had one financial disaster after another, we start to understand why China must be used as a scapegoat to distract many Americans and give them a victim to blame for lost jobs and low pay.

In another example, Business Pundit.com mentions the 10 Most Bizarre Economic Bubbles in History.  One example was US Dot-com Bubble that burst on March 10, 2000 resulting in a mild but long-felt recession, and the stock market crash of 2000-2002 caused the loss of $5 trillion in the market value of US companies from March 2000 to October 2002.

I’ve left out many other global financial disasters such as those taking place in Israel (1983), Sweden (1990s), Japan (1990), Mexico (1994), Russia (1998), Turkey (2001), Argentina (2001), Iceland (2008), etc.

Then there is the global financial disaster of 2007 – 2008. Total losses are estimated in trillions of U.S. dollars globally. Between January and October of 2008, owners of stocks in U.S. corporations suffered about $8 trillion in losses while losses in other countries averaged about 40%.


Financial Crisis History Lesson – Part 2

Global Issues.org says, “While the Western mainstream media has often hyped up a threat posed by a growing China, the World Bank’s chief economist, (Lin Yifu, a well respected Chinese academic) notes ‘Relatively speaking, China is a country with scarce capital funds and it is hardly the time for us to export these funds and pour them into a country profuse with capital like the U.S.’”

I think what Lin Yifu is talking about is not the US National Federal Debt but the fact that US corporate profits just hit an all-time high … Source: Business Insider.com

During the second 2012 Presidential Debate, Romney mentioned China seven times. He blamed China’s currency manipulation for the loss of manufacturing jobs in the US, and promised to “crack down on China when they cheat.” Source: The New Republic.com

However, what Mitt Romney did not say is the number of jobs lost in China due to the 2007 US financial crisis that swept the globe. “After August 2008, the number of orders filled by many export oriented enterprises dropped precipitously, and thousands of factories in the coastal region, especially in the Pearl River Delta, were closed. The impact was most serious on the rural migrant labor force. … In absolute terms, it corresponds to a loss of 23 million jobs. Rural migrant labor dropped from 140 million to 117 million with an unemployment rate of 16.4% in early 2009.” Source: The Global Economic Crisis and Unemployment in China

Continued on October 31, 2012 in Scapegoating China … Part 3 or return to Part 1

______________

Lloyd Lofthouse is the award-winning author of The Concubine Saga. When you love a Chinese woman, you marry her family and culture too. This is the love story Sir Robert Hart did not want the world to discover.

Subscribe to “iLook China”!
Sign up for an E-mail Subscription at the top of this page, or click on the “Following” tab in the WordPress toolbar at the top of the screen.

About iLook China


Scapegoating China and Manipulating the Opinions of Americans – Part 1/4

November 5, 2012

If the traditional media in the United States or politicians campaigning for election are not bashing China, he or she may lose votes and/or an audience.

Why? Because many people want to believe what they want to believe. It does not matter what the facts from reputable unbiased sources reveal.

“Older Americans and Republicans are especially concerned about China’s emergence as a world power. About six-in-ten people ages 50 to 64 (62%) and 65 or older (59%) consider this a major threat to the U.S., compared with 48% of 30- to 49-year-olds and 43% of people younger than 30. Similarly, 60% of Republicans consider the rise of China as a world power a major threat, while 48% of Democrats share this view.” Source: Pew Global.org

In fact, I still run into Blog comments where people bash China for the tainted drywall (2009) or infant formula (2008).  However, these same China bashers will not mention that “Foodborne illnesses kill 3,000 Americans each year. Nearly 130,000 more are hospitalized. The aggregate cost of foodborne illnesses to the U.S. economy in 2011 was $77.7 billion.” Source: The Daily Ticker


Financial Crisis History Lesson – Part 1

Another example is when the US media focuses on economic problems in China that may lead to a financial disaster there. “China’s economic model that delivered three decades of double-digit growth is running out of steam and the country’s next leaders face tough choices to keep incomes rising.” Source: Yahoo! Finance and the Associated Press

Is it possible that all this attention on China is to take American minds off problems in the United States?

For example, during the three decades of double digit growth in China, in the United States there was Black Monday on October 19, 1987 when stock markets around the world crashed. In the US alone, the value of stocks dropped 22.78%.

Then the savings and loan crises in the US led to the failure of 747 out of 3,234 savings and loan associations caused in part by the tax reform act of 1986 that removed many tax shelters, especially for real estate investments.

Continued on October 30, 2012 in Scapegoating China … Part 2

______________

Lloyd Lofthouse is the award-winning author of The Concubine Saga. When you love a Chinese woman, you marry her family and culture too. This is the love story Sir Robert Hart did not want the world to discover.

Subscribe to “iLook China”!
Sign up for an E-mail Subscription at the top of this page, or click on the “Following” tab in the WordPress toolbar at the top of the screen.

About iLook China


Follow

Get every new post delivered to your Inbox.

Join 567 other followers