Iran's Cheap Oil

Upon surfing the internet I found a very interesting article published by Bloomberg Business an article titled "Asia Readies for Iran Oil Bargains on Potential Nuclear Deal," by Sharon Cho, Debjit Chakraborty and Yuji Okada. The article is about how Asia is excited to hear that maybe the sanctions on Iran will be lifted and they are ready to buy cheap oil. Six Asian refiners want the oil form Iran and cannot wait to get the deal cheap oil from Iran. Asia has to pay top dollar for Oil because they have to import the oil as far as Colombia. The U.S. is currently negotiating with Iran to lift the sanctions that limit Iran's economy. Iran can produce 2.5 million barrels a day meaning that gas prices could drop even more if sanctions are lifted. But, Asian countries will benefit the most of Iranian crude oil the top countries are Japan, China, South Korea, and India. Although the sanctions did not prevent oil trade between Iran and Asia, but it does limit how much oil they can purchase. India's Mangalore Refinery said that it would help the country of India.  

No More Cheap Chinese Labor

I found an article online that caught my attention titled "A Tightening Grip," by Jiaxing and Yangon. The article starts with some obvious facts that China is one of the largest manufactures of the world and they have the best machinery and tools that only China has to develop products. They can make steering wheels and major car parts. The article also states that cheap Chinese Labor has helped the development of China to the power that it is today. Then, we go into some historical facts about Asia and its development of becoming the manufactural power it is today. It began in the 1960 the leader of this movement was Japan it began to export electrical goods. By the 80's Japan began to open up plant in South East Asia, but when China got involved in the game China became the top manufacturer in the world real quick. China today accounts for 46.5% of everything that is exported from Asia. The issue is that since 2001 the wages for Chinese workers have rise 12% and this is supposedly bad for Chinese people. This means according to the article that Chinese days of manufacturing are limited.    

Large Imports of Firearms are going towards Monsoon Asia

According to DW it states that Asia is accounting for 30% of global arm imports. Even in the title of the article "Asia Accounts for "Nearly a third' of Global Arms Imports". The country in Monsoon Asia that has the most significant growth of fire arms is India that has increased its imports of weapons by 34 percent. China in the other hand has decreased its military spending and does not import firearms. The drop of importing firearms to China does not mean that they are not amping their military they actually are it means that China is making their own firearms now. Furthermore, China does not need to import arms when it can produce them cheaply. China is also the major supplier of firearms. China has surpass Germany in being the greatest weapon manufacturer; it supplies mostly to Myanmar, Bangladesh, and Pakistan. India has imported weapons at a high number I wonder what are they about to do with all those weapons. The article also states that North Korea is also purchasing a lot of weapons. When the article talks about weapons it actually means weapons that can cause damage assault weapons, tanks, rockets, and aircraft carriers. The major suppliers to Monsoon Asia are Russia and the United States of America.  

U.S. Ambassador Attacked in South Korea

I found an article online titled "South Korea Probing US Envoy Attacker's Visits to North," by Channel News Asia. In this article it talks about an attack on the US Ambassador to Seoul being attack by a Korean man. I find this article interesting because according to our readings people who live in monsoon Asia the residents to not commit crimes because it is shameful for the family, but this guy is an exemption. The U.S. Ambassador is named Mark Lippert who was attacked and needed 80 stitches on his face. The attacker says that he wanted to protest US and South Korean military exercise and decided the best way of protesting this is to cut the U.S. Ambassadors face with a knife. According to the news reporter the attacker by the name of Kim Ki-Jong has gone to North Korea seven times from 1999 through 2001. This is interesting because it is impossible for people to cross over I remember that it is impossible to cross between the borders because of heavily military presence from both sides. North Korea called the action the knife of freedom not claiming responsibility for the action committed by Kim Ki-Jong.