Olympics Highlight Human Rights in China

Child labor. Forced abortions. Religious persecution. Jailed dissidents. Cultural cleansing in Tibet and ethnic cleansing in Africa.

For China, the run-up to next summer's Olympics in Beijing is looking like a marathon through a human-rights minefield.

It's been decades since the games focused on which athletes were faster or stronger. But the Olympics have not been this politicized since the U.S.-Soviet boycotts of the 1980s.

China sees a chance to wow the world as it hosts its first event watched by billions of people. The increasingly image-conscious country will measure success both with medals and whether the 2008 Olympics burnish its rising star. That gives activists, governments and celebrities with a cause an opportunity to influence policies they've long assailed.

The games raise a difficult question for a government famously dismissive of outside pressure: What accommodations might be made without losing face?

Even China's sharpest critics don't anticipate major shifts before the games begin Aug. 8, 2008. Cosmetic changes are possible on issues such as free speech and labor conditions. Concessions on Tibetan autonomy or the Falun Gong spiritual movement are off the table.

Link

If Chinese stock bubble bursts, fallout will be global

It will be interesting to see just how far-reaching the inevitable tumble the Shanghai Composite takes will be. Last February we saw a decline in other international markets after a 9% drop and then a recovery. This time the drop and recovery may not be as friendly.

NEW YORK -- Nobody likes not being invited to a party. That's why investors often choose to ignore warnings that their stock buying is getting out of hand.

Alan Greenspan famously tried to cool things down in 1996 by questioning whether "irrational exuberance" had gripped stock buyers in the United States. It didn't work: Prices would continue to climb for more than three years before plunging into a prolonged downturn.

Now Chinese securities regulators are hoping to knock some sense into investors there. So much money is pouring into stocks that the benchmark Shanghai Composite Index has more than doubled in the last year to a record high.

Link