A few days ago, from the city of Chongqing Municipal Administration Committee was informed that in order to ensure the safety of city sewers, the main city of Chongqing has set up 350 monitoring points which are equipped with security cameras to early warning.
Once the toxic gas or inflammable gas exceed the standard, the monitoring facilities will automatically report. And the work staff will go to the scene and deal with it in the first instance.
It is understood that the sewers early warning system to monitor is an important component of the digital management system in Chongqing City. The system define the main urban population centers, business areas, gas stations and chemical plants as monitoring points.
The infrared camera will be placed in the wells and the information transmission equipment is located on the wall, is responsible for the collection and transmission of the information.
When the concentration of the sewer gases to reach the standard, the information will be returned to the control center. The center will turn yellow or red alrm. If a yellow alarm, it is need to send people to go to see it and remove hidden dangers. If a red alarm, it is need to immediately take action to disperse the crowd.
Originally Posted: China Business Daily
Author: Angulo Fu
Saturday, September 20, 2008
Chongqing Set Up 350 Security Cameras to Monitor Sewers
Tuesday, September 16, 2008
Obama: The Wall Street Regulatory Rules should be Rapid Innovated
The U.S. Democratic presidential candidate Obama Monday said that a comprehensive reform of Wall Street regulatory rules is the key for restoring the confidence in financial markets. He said that if he is elected as the president successfully, he will launch a new scheme for it.
Obama said, as to this unprecedented trouble, policy makers are lack of the tools to deal with it.
As for the short-term measure to appease the anxiety of the market, Obama said that the government should take more measures to stabilize the real estate market, because the real estate market is the centre of the crisis.
Obama said he is worried that the market will happen vicious circle. That is real estate investors suffered huge losses, leading Wall Street credit crunch, corporate and investment difficult to hire, which in turn may aggravate the financial market crisis.
Obama think we must act quickly, because he doubt the confidence of entire credit market and financial market is constantly deteriorating. It is very difficult to restore.
Originally Posted: China Business Daily
Author: Angulo Fu
Bush: Minimize the Impact of Lehman Brothers on Financial Market
On Monday, U.S. President George W. Bush said that the U.S. government is working to reduce the impact on the financial markets which was caused by the bankruptcy of Lehman Brothers and related events progress. But Bush also expressed optimism that the capital market with toughness.
After the conference with Ghana President, Bush said they are trying to reduce impact of these financial markets and minimize the impact on the economic entities of the United States.
He said that in short term, the adjustment of the financial markets may be painful; but the long term, The American capital market is of flexibility and toughness. He is very confidence on the market can respond to these adjustments.
Originally Posted: China Business Daily
Author: Angulo Fu
Paulson: Take Action to Ensure the Stability of Financial Market
United States Secretary of the Treasury Paulson said Monday, despite face pressure, but the U.S. financial sector remained strong. He said, ready to take further action, if it is necessary to ensure the stability of financial market.
Paulson gave a speech at the White House that the real estate market is a key challenge. He pointed out that the government took over the Fannie Mae and the US Mortgages in order to reduce the volatility of market.
Paulson said he is determined to Cooperate with the domestic and international regulatory bodies, as well as the decision-makers in Congress, to take additional measures to protect our financial market's stability and order. He plans to release a testimony about the latest situation in Congress on Tuesday.
Originally Posted: China Business Daily
Author: Angulo Fu
New York Governor: Wall Street may Layoff 30,000 People
On Monday, New York Governor David Paterson said the Wall Street may layoff 30,000 people in the worst situation.
Paterson made the above remarks to respond to the bankruptcy of Lehman Brothers and Bank of America acquisition of Merrill Lynch last week. He also announced a plan to help the American International Group (AIG) in a conference.
Paterson said it would not put the taxpayers' money at risk. But in addition to AIG, there is no other company had request for assistance to the state government.
Originally Posted: China Business Daily
Author: Angulo Fu
Greenspan: U.S. Financial Crisis will Induce Global Instability
On the 14th, the former Chairman of U.S. Federal Reserve Board Alan Greenspan said the United States is in a century financial crisis. This financial crisis will trigger an economic recession.
Greenspan in the U.S. NBC interview, said that this is the most serious financial crisis in his career, will continue quite a long time, and will continue to affect the U.S. real estate prices.
Greenspan believes that this crisis will continue to be a corrosive power until the U.S. real estate prices stabilized. The crisis will also induce a series of global economic turmoil.
When be asked whether the chance of the United States could avoid the risk of economic recession can exceed 5 percent, Greenspan replied that he thought the probability is less than 50 percent.
Greenspan also predicted that there will be more financial giants fall in this crisis.
Originally Posted: China Business Daily
Author: Angulo Fu
Lehman Brothers Collapse
Following the March of this year the fifth-largest U.S. investment bank Bear Stearns was made acquisition by JP Morgan because it is due to the brink of bankruptcy. Yesterday, the Wall Street released alarming news again. The third-largest U.S. investment bank Merrill Lynch was acquired by the Bank of America in early 44 billion U.S. dollars. The fourth largest U.S. investment bank Lehman Brothers filed for bankruptcy protection because the abortion of negotiations on the holdings takeover.
It is difficult to foresee that within only half a year, the three of top five investment banks on Wall Street will collapse.
As a giant of Wall Street, the bankruptcy of Lehman Brothers' shock wave must spread to the entire financial market.
Originally Posted: China Business Daily
Author: Angulo Fu
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