This country has been having a nationwide nervous breakdown since 9/11. A nation of people suddenly broke, the market economy goes to shit, and they’re threatened on every side by an unknown, sinister enemy. But I don't think fear is a very effective way of dealing with things—of responding to reality. Fear is just another word for ignorance.”

- Hunter S. Thompson, gonzo journalist

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In 2024, there have been notable developments in China’s banking sector. Jiangxi Bank of China faced bankruptcy, causing significant concern in the financial industry. The bank’s assets and loans played a crucial role in this situation, leading to protests by depositors who demanded their money back. Additionally, Zhongzhi, a shadow bank, filed for bankruptcy due to its inability to repay debt and insufficient assets. These events highlight the challenges China is grappling with in managing its financial stability.
A new technical proposal by Chinese scientists for conventional computers breaks the speed record of Sycamore, Google's quantum computer!! Sycamore is the most powerful quantum computer currently owned by Google. Due to the peculiarity of qubits, its basic units of information, it is capable of solving a task in 200 seconds that would take a conventional supercomputer 10,000 years to complete.

The dream of riding in an unmanned aerial taxi is set to become a reality in Guangzhou, Guangdong province, with a local company engaged in the development and operation of electric vertical takeoff and landing aircraft expected to obtain operational certification soon.

"We are expecting to receive operational certification this year to make riding in an aerial taxi a reality," said Wang Zhao, chief operating officer of EHang Holdings, one of the world's leading urban air mobility companies, which is based in Guangzhou.

The world wasn't ready for Trump in 2016 — it's not making that mistake this time. More than six months before the next American president takes office, there is already an extraordinarily advanced allied effort to manage a potential transfer of power in America.

On Monday, Japan and the Philippines signed a new defense pact that will allow the two nations to deploy troops to each other’s territory, a step being taken as part of the US-led military buildup against China in the region.

According to AP, the deal was signed by Philippine Defense Secretary Gilberto Teodoro and Japanese Foreign Minister Yoko Kamikawa in Manila during a ceremony witnessed by President Ferdinand Marcos Jr.

South Korean President Yoon Suk Yeol has announced that he plans to discuss a security topic which is somewhat unusual for NATO when he travels to the NATO annual summit in Washington D.C. this week. 

He plans to present info on the 'distinct threat' North Korea poses to Europe at a moment leaders Kim Jong Un and Vladimir Putin are deepening their ties, including on the defense cooperation front.

Authored by Pepe Escobar,

It’s impossible to overstate the importance of the 2024 summit of the Shanghai Cooperation Organization (SCO) this week in Astana, Kazakhstan. It can certainly be interpreted as the antechamber to the crucial BRICS annual summit, under the Russian presidency, next October in Kazan.

The ministry noted that the training, which is in accordance with this year's plan and a mutual agreement between the two countries, will focus on counter-terrorism operations, Xinhua reported.

Through mixed-team training exercises, soldiers from both sides will jointly carry out hostage rescue operations and counter-terrorism missions.