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Sake Bombs, Japanese Beer, and Raw Fish: Merry Chinese Christmas

28 minutes ago ago from Lost in China

As I mentioned in a previous post, we spent our Christmas in China at a Japanese restaurant.  I know, I know, Americans, an Australian, a Dutch guy, and some Chinese in China on Christmas eating Japanese food, it just doesn't make sense.  Well, welcome to China. There were really just two big motivating factors for us going to this place: 1) We wanted something nice.  And for 168 yuan each (approximately $24 US), this is a pretty ...

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Japan: 20 Years of Lessons for America?

15 hours ago ago from Uncle Leo Rumbles

On Dec. 29, 1989, the Nikkei 225, Japan's stock market benchmark, closed at an all time high of 38,915.87. On Friday, Dec. 25, 2009 (a trading day in Tokyo), the Nikkei 225 closed at 10,494.71. It's been lower, with a post-1989 low of 7,603.76 in April 2003. That's about an 80% drop, not quite as bad as the Dow Jones Industrial Average's 89% drop during the Great Depression but still pretty awful. An investor who bought the Nikkei 225 at its ...

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