Pentagon report: China’s military expanding its capabilities

China’s military is developing longer-range ballistic and anti-ship missiles that are "shifting the balance of power in the region" and could help Beijing secure resources or settle territorial disputes, a report released by the Pentagon said Wednesday. China also continues to build up short-range missiles and increase its “coercive capabilities” against Taiwan.

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Five Lessons from the AIG Bonus Blowup

Last week, outlets reported that “the clock was ticking” for “embattled” Treasury Secretary Tim Geithner, with a few members of Congress openly calling for his ousting. His boss, President Barack Obama, was criticized for not engaging in the congressional furor over the $165 million in bonuses paid out to top executives at AIG — the insurance giant that has received more than $180 billion in federal money. This week Obama remains relatively untouched in the polls, and Geithner is basking in his best week of media coverage yet

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Dalai Lama denied visa for South Africa peace conference

South Africa has refused the Dalai Lama a visa to attend an international peace conference in Johannesburg this week, a presidential spokesman said. The Tibetan spiritual leader and Nobel Laureate did not receive a visa because it was not in South Africa’s interest for him to attend, said Thabo Masebe. South Africa thinks that, if the Dalai Lama attended the conference, the focus would shift away from the 2010 World Cup — the global soccer championship it will host next year.

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Pentagon video: ‘Chinese aggression … details at 11’

Sailors aboard a U.S. ocean surveillance ship reacted with a mix of bemusement and profanity to what they said was harassment by Chinese ships earlier this month, according to video released Friday by the Pentagon.

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China Says ‘Keep Out’ to Coca-Cola

China has picked a strange time to lay down a marker in defense of economic nationalism — and an even stranger industry in which to do it. Amid a global recession, with Beijing’s state-owned companies fanning out across the globe trying to invest in or buy foreign producers of minerals, precious metals, oil and gas, China’s Ministry of Commerce on March 18 formally blocked what would have been the largest acquisition by a foreign company in China, a $2.4 billion deal

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