British media recently exposed a group photo of U.S. President Barack Obama, like Obama like where to put your feet?

Everyone has their own behavior, the British media has exposed a group of U.S. President Barack Obama’s office photos. The original Mr. President quirks – the White House regardless of the size of the occasion, the natural with the president is always free to put his feet on their desks, no “rules” at all.

The photos

, Obama is always in a tense and serious atmosphere showed a relaxed state – legs crossed, knees slightly bent on their desks. With the White House staff to discuss affairs of state, or sitting at a conference table to listen to all political views, or will enjoy the spring sunshine with colleagues at the Rose Garden, the president is always the habit of legs on the table in front of a very casual natural look.

Have to say, “Rocker” the most frequent presidential office desk great background – this resolutely table “(Resolute desk) is the British Queen Victoria donated to the” goodwill and friendship “in the name gift, for more than a dozen U.S. President office use.

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The

Buffett comic

“In the next period of time, the United States and China will become the most powerful of the two countries.” U.S. Central Time 54 days, “Warren” Warren Buffett force some to speak on China’s economy, so that the other side of the ocean Investors also lifted.

The same day,

arm of Berkshire Hathaway in Omaha, Nebraska, United States, Warren Buffett (Berkshire Hathaway) convening Annual General Meeting, the industry as the “gold partner” Buffett and Charlie Munger and approximately 35,000 shareholders from around the world to exchange, to become the focus of attention of the global capital markets and the vast majority of investors.

In the general meeting of the Q & A session, someone asked Buffett: “will not be worried that one day the U.S. dollar is not the global reserve currency?” Buffett said he was not worried, at least the next few not, China and the United States will become the economic superpower force, but does not mean that the dollar will lose global reserve currency status. Munger also believes that if the dollar lost global reserve currency status can be understood, no one will always be king, but 20 can not occur.

Buffett believes that the current into the timing of new insurance business. He said: “I think you will see Berkshire play a key role in the global commercial insurance, the business profits to be made to billions.” At the same time, Buffett said not optimistic about the airline. Buffett said that since the Wright brothers invented the airplane, the airline industry has always been attracting everyone’s “sexy” investment, but the aviation industry with high fixed costs, and in order to sell the last seat to play the cheap card, are labor-intensive, capital-intensive industries, investors “death trap”.

A

from Shanghai Investors Buffett to talk about investment in emerging industries, and asked Buffett to invest in China will choose what industries and companies. Buffett replied that he has not really started in a particular country prepared to invest in emerging industries, whether it is China or India, we observed, but did not really do anything. “Reporter learned that Buffett has invested BYD (002594) (1211.HK). 20089, Buffett spent HK $ 1.8 billion, BYD subscribed 225 million shares at HK $ 8/share price, book profit of more than HK $ 9.1 billion, an increase of more than 500%.

The disclosure

data display Berkshire Hathaway company’s net profit in the first quarter of this up to $ 4.89 billion, an increase of 51%, earnings per share of $ 2,977. This positive to promote the company’s share price soared to $ 162,859/share, reaching the highest level, the market value of up to $ 269.532 billion, five of the largest listed companies in the world. Before 48, Buffett acquired the helm of the company when its stock price is only 19 U.S. dollars/share.

Links

Taught

Buffett’s stock picking Ten Tips

Buffett was known as the “stock god”, naturally invest in stocks because he created the myth of wealth. Insiders are reviewed, concluded Buffett to pass on to investors in public stock picking ten strokes.

The

, a mind free shares. Most people are concerned about the trend of the stock, and the Buffett Advice investor: you do not buy the stock, but the company, as long as the company’s profitability continues to grow, the share price will sooner or later rose.

, Safety first. The secret of happiness is to lower expectations. Investment, be sure to keep in mind safety, rather than to make money, only grasp investment security, Never blindly adventure.

, Stock selection like the election of his wife. In fact, Buffett’s stock-picking more prudent comparison wife.

Know ourselves. Buffett said, you can not become the expert of all types, but you must be very familiar with the company you invest.

, First-class business. Class core business of the company is being reflected in the first-class brand, first-class brand must have three elements: brand, a veteran big.

6

, first-class management. Requirements for investment managers, he summed up as the ability and political integrity, especially moral demanding, to be honest, sincere, loyal.

Seven first-class performance. Buffett believes that to promote the company’s long-term stock price continued to rise in the end, only a force – profit continued to grow.

8, valuation. If you can not valuation analysis based on company fundamentals, did not concern the company.

IX concentrate investments.

10

of long-term investment. Buffett said the key investment in a reasonable price to buy a really good company stock, and then forget about it, has held a long long time.

United States often beat China waving the big stick of intellectual property. Recently, issued by the Office of the U.S. Trade Representative, “2013 Special 301 Report, in turn included in the” watch list “in China, said China” failed to stop the rampant theft of U.S. trade secrets behavior. China is already the ninth consecutive “list”, China is deeply regretted, and expressed willingness to strengthen cooperation with the United States and other countries, and jointly promote the World Intellectual Property raise the level of protection. The experts pointed out that the protection of intellectual property rights in China, though started late, but has made great progress, has been recognized by the international community, including U.S. firms. United States frequently put pressure on the protection of intellectual property rights in other countries, the purpose is to enable the United States to maintain long-term technical competitive advantage.

Accused of “theft of trade secrets”

“Special 301 Report of the United States Trade Representative’s office in accordance with Article 301 of the Trade Act of 1974″ the world judge made the protection of U.S. intellectual property rights. The report is posted in every three or four when, according to the assessment of the situation of countries, in turn divided into “priority countries” “key observation national”, “general observation of the Nation” or “Section 306 monitoring country” list.

2013 Report China and other 10 countries included in the “watch list”, said the behavior of Chinese theft of U.S. trade secrets and trade secrets stolen “the economic power of the United States with the vitality of blood”, victims of companies, including General Motors, Ford, DuPont, Dow Chemical, Motorola, Boeing and other “threat to the national security of the United States.

United States accused China’s IPR protection work for a long time, different from the past is now accused with some new changes. Foreign Economic and Trade University, WTO China Tu Xinquan, vice president, said in the interview with this reporter, the United States accused China of intellectual property protection in the past there are legislative and institutional set up, and now more on the implementation of laws and effects dissatisfaction. Multi-accused in the past of the area of ??trade problems, such as piracy, counterfeit goods are now turning to the field of investment, worried that U.S. companies to invest in China because of intellectual property rights have been infringed and damage the interests of.

Sanctions against other countries in order to maintain a competitive advantage

As the world’s largest economy, the United States has the advantage of most countries can not match the knowledge and technology, this is the pride of the United States, has also become weapons suppress the sanctions at any time other countries to protect their own interests.

Under Section 301, the

can it considered “unfair” trade practices of other countries to investigate, and finally possible to take retaliatory measures to raise tariffs, import restrictions, to stop the agreement. For the countries on the list of “priority countries”, the United States will negotiate with, such as negotiation minors, the implementation of high tariffs and other means of retaliation. 306 more stringent than 301, found each other efforts to implement bilateral intellectual property agreements loss, the Office of the U.S. Trade Representative’s no investigation, take direct trade sanctions. Section 301 in the exterior of the protection of intellectual property rights, with the nature of trade protectionism.

Experts pointed out that the United States attaches great importance to the protection of intellectual property rights, not only to protect their own intellectual property rights owner, to enhance the competitiveness of enterprises in the United States and strength, but also the United States to maintain a long-term technical advantage. Tu Xinquan, innovation, technology leadership is a competitive advantage in the United States, but also the housekeeping magic, so they are very sensitive to the issue of intellectual property rights.

Protection of

Intellectual Property stage

The United States has been to seize the issue of IPR protection in China and hold China has been trying to strengthen the protection of intellectual property rights and achieved significant results. Tu Xinquan said, a lot of progress in IPR protection in China, U.S. companies have also acknowledged. A survey shows that 47 percent of U.S. companies believe that IPR enforcement in China has changed in the past five, only 9% of that deterioration. The overall satisfaction of IPR protection in China, the United States in improving vertical ratio improved, but the absolute value and the reality is not enough.

The efforts

always seem to exist with the high demands of the United States Distance. “China’s progress will not be included in the report of the United States, or how to put pressure on China,” said Tu Xinquan.

Insiders pointed out that there are objective reasons in the generation of distance. From the time point of view, the United States intellectual property development through the history of more than 200 IPR protection in China before the 30 or blank. Tu Xinquan, countries, intellectual property protection stages; from the space point of view, China’s national, regional disparities, such as Beijing and other cities of the law enforcement capacity and a relatively high level team, and some less developed region backward.

Treaty and Legal Affairs of the Ministry of Commerce official said, Recently, the Sino-US Strategic and Economic Dialogue, the Joint Commission on Commerce and other occasions a good cooperation and communication, and in 2011 signed the Sino-US intellectual property rights cooperation protocol. China believes that the protection of intellectual property rights is an international problem that requires the joint efforts of the international community. The Chinese side is willing to work together with the United States and other countries and regions, strengthen cooperation and jointly promote the improvement of the level of protection of intellectual property rights worldwide.

“2013, the degree of economic recession in Europe may be higher than previously expected worse, while in 2014 the European economy to return to growth speed of the track will therefore slow down the budget deficit reduction will be more slow speed.” European Commission 53 release of “Spring economy is expected to report in the case of prediction.

Largest economy will fall into the trap of a recession

According to the European Commission assessment report on the economic situation in the next two top five economies in the euro zone in four countries, namely France, Spain, Italy and the Netherlands are now in recession, the euro zone’s largest economy, Germany, may barely able to maintain growth.

EU the euro zone economy is expected to also cut its 2013 economic growth down from -0.3% to -0.4%, Ming growth down to 1.2% from 1.4%. The budget deficit remains a serious problem, the top five economies in the euro zone, France, Spain and the Netherlands will not be able to achieve the deficit target of 3%.

Face all the way down “economic analysis in the report, the EU, mainly because employment bleak and the real economy continued credit scarcity. Give up the reform cause internal division, high unemployment and financial market fragmentation (ECB vocabulary used to describe the low interest rate policy can not play a role in the final financing costs for troubled countries such as Italy and Greece) EU 3 The biggest concern, which makes “slow and unstable economic recovery process damage.

Which the employment problem is particularly prominent. The report shows that the entire European continent, the unemployment rate will remain at historically high levels, is expected to 2013 euro-zone unemployment rate was 12.2% in 2014 the employment situation is difficult to improve the unemployment rate of 12.1%. , Greece and Spain, the unemployment rate in 2013 reached a record 27%, in marked contrast with the 4.7% of Austria’s unemployment rate is expected, which also makes the further widening the gap between the euro-zone countries.

Rely on the urgent needs of export obscure

Unemployment problem is fundamental, but the focus of the debate or whether to continue to implement stringent fiscal consolidation policy. “At present, Spain, Italy and other countries have made it clear, it may refuse to continue with the implementation of fiscal consolidation.” Xiao Li Sheng, debt problems in Europe experts, the Chinese Academy of Social Sciences World Economics and Politics International Financial Research assistant researcher in the “International Finance News” reporter interview that the reason why the European countries not in a hurry to talk about the unemployment problem because the problem is long-term, not short-lived fad can be solved.

In addition, the program to solve the debt crisis and economic recession, with the United States, the European Union targeting the export, based on lower labor costs. But I am afraid that the traditional method of export obscure urgent needs. Xiao Li Sheng, “International Finance News” reporter “from the 2011 ‘real effective exchange rate’ analysis point of view, the EU is indeed on the rise, but to continue to rely on exports, provided that sufficient external demand, which in the weak global economic development the backdrop, only as a long-term strategy. “

The EU’s economic decline on the global economy will have a severe concussion and far-reaching influence. In 52 days, the European Central Bank cut interest rates for the first time in 10 years, lowered the benchmark interest rate by 25 basis points to 0.50%, a historical low, and said there is still room for further interest rate cuts in the future may be.

Analysts believe that this will further quantitative easing and Japan, the U.S. and India and other countries to promote the appreciation of the renminbi. Xiao Li Sheng said, “The European Central Bank cut interest rates will promote China’s ‘shadow banks’ credit to promote domestic investment, disrupted the structure of the domestic economy, at the same time in international trade continue to drive down China’s domestic profit, produce a significant impact on Chinese exports.”

This is a major breakthrough in history. Palestinian President Mahmoud Abbas, Israeli Prime Minister Benjamin Netanyahu will also visit China, the former time from 55 days to 7 days, which is 6 to 10 days, 6, 7, two days will overlap.

After a lapse of 10, Palestine and Israel again simultaneous access to a country, just access the object by 10 before the United States becomes. In the context of the United States gradually fade from the Middle East, China actively coordinating the situation in the Middle East, there has been extremely rare in the history of this world and diplomatic access arrangements.

“China’s position in the Middle East can only be ‘superficial’, from the beginning of the visit, and perhaps the history of the Middle East will be rewritten.” MAO, Shanghai Academy of Social Sciences, said in an interview with the “International Finance News” reporter .

China has become the most “appropriate” countries

“U.S. policy in the Middle East is withdrawn out of the world’s hope for peace in the Middle East countries, China.” MAO, energy dependence, diplomatic layout strategies, norms governing international relations, determines the Middle East countries and China closer and , farther and farther away from the United States, the main reason for this trend.

MAO believe that China’s dependence on Middle East oil reached a record high. Per 80 million barrels of oil imports from the Middle East, energy reform as the United States, the sources of oil become increasingly dependent on Mexico, Brazil and other countries in the Western Hemisphere, greatly reduced with the stakeholders of the countries in the Middle East. The amount of China’s oil imports from the Middle East may soon be the United States 5-6 times.

In the norms governing international relations, the

taken by the United States in the Middle East “aircraft carrier” strategy is to rely on the hard fist of the military to achieve control, China mainly rely on the peaceful coexistence of the Middle Eastern countries to achieve regional stability, by the soft power. ” China and between the Palestinian-Israeli bilateral relations firm, won a large room for maneuver to promote the Palestinian-Israeli peace talks. China has long maintained a solid relationship with the Arab world, also has a good relationship with Israel, and advocated a peaceful, stable, neutral attitude has won the trust of the countries in the Middle East.

The same time, the United States in the Middle East more than a dozen have been performed favoritism policy, can not be neutral and objective handling of the Middle East problem, a “neutral” middleman “gradually lost the trust of the majority of Arab countries.

Stable

Middle East, China is essential

Distinguished Research Fellow

China Institute of International Studies Huihou “International Finance, said the two leaders of the Palestinian-Israeli front and rear legs to China, unique in the history of Chinese Foreign. “The two leaders to visit, not only embodies the CMB, good bilateral relations, but also that they attach great importance to China as a big developing countries to play a role in promoting the Middle East peace process.”

In a particularly noteworthy detail is that the Chinese government made it clear to visiting Palestinian leader Mahmoud Abbas posts positioned as the President of the country “, instead of” President of the Union “that explicitly recognize Abbas The head of state “, that is clear that Palestine as an independent state,” instead of “regional” has legitimacy as an independent country. 2012, successful Palestinian UN observer status, if in 2013 successfully apply to become official members of the United Nations, that they become formally independent countries. This requires as a world power and a permanent member of the UN Security Council – China’s support, also requires the recognition of Israel, the visit to China, might be able to dialogue with Israel, Palestinians may be “too”.

Chinese interests in the Middle East needs a peaceful and stable environment guaranteed. Mr. LI Shao believes that China’s influence in the Middle East recently increased significantly, the increasingly close relationship between the countries in the Middle East, especially in the context of the international financial crisis, China’s trade with the Middle East countries, China Contemporary International Relations Research Institute growing rapidly. At the same time, experienced a big change in the situation in the Middle East, the willingness to develop relations with China are also increasingly enhanced. “In fact, with the development of China, the Chinese side is willing to assume more international responsibility in the affairs of the Middle East.”

Stable

Middle East to usher in a new era?

“Nature of the situation in the Middle East between the great powers of the world game.” MAO analysis, the United States is willing to let the Palestinian Israeli peace talks in China’s mediation, will be key factors. Palestine, Israel’s own internal differences and forces the game will also be important factors.

Shaoxian from

1993 Oslo agreement since the signing of the Palestinian-Israeli issue has been pushed back to 20. Future resumption of peace talks must have two conditions: First, the Palestinians and Israelis must persist in advancing the peace process, as the only way out; international community should spare no effort to promote from the outside. “The upside is that the international community has fully recognized the importance of promoting the Palestinian-Israeli peace talks, understand that if there is no Israeli-Palestinian peace talks, it is impossible to end unrest in the Middle East.” Said Shao-first.

Palestinian-Israeli peace talks has been the time is ripe? Israel, although the surface is tough, but the actual pursuit of peace and does not want all day long in a state of war, the Palestinians and the Israelis have been willing to sit down and talk. “MAO” International Finance News “reporter, but asserted the Palestinian-Israeli peace talks, the time is ripe for the early, The visit to China will probably become a major turning point.