Nobel Peace Prize 2010 Chinese Writer Wife to Accept Awards?

The 2010 Nobel Peace Prize was awarded to a Chinese author who is in jail for going against the Communist regime. The government of China is upset that the jailed author would be getting the award, and as such has tried to block the award from going to this individual.

However, his wife is hoping to claim the award. Last year, the choice was controversial as well as it was given to President Obama despite the US fighting two wars. Choosing a war time president for a peace award felt like an oxymoron.

The Nobel Peace Prize this year went to Liu Xiaobo. Everyone is really quiet about the win, as the Chinese Government has publicly denounced it. It's really sad to see that the Nobel Peace prize is causing such a heartache for the recipient, who is truly deserving based on his literary works.

UFO in China Closes Xiaoshan Airport - UFO Sighting

A UFO sighting at China's Xiaoshan airport closed the airport. The UFO in China is one of the most controversial 2010 UFO sightings yet. The sighting comes just days after a different sighting which was claimed to be nothing more than debris from an American intercontinental missile.

What does the UFO sighting mean? Although there are claims that military involvement is evident, the Russian, Chinese, and American governments are surprisingly tight lipped about the whole ordeal, which makes those who fear world-wide military issues a little nervous. It also excites those who at least believe in UFO's and extraterrestrials.

If the UFO is indeed from an alien source, could that mean that the world as we know it is going is going to change? Could it mean that instead of other nations that our biggest threat is actually located in another world?

There was another high profile UFO sighting in China in 2009, which was seen pretty close to a solar eclipse. Could it be that if there are extraterrestrials, that their first point of contact will be the Chinese?

It could just be that the Chinese UFO sighting was little more than just some space debris or a part of an intercontinental missile. It could be that it's part of a top secret military exercise or something else. Still yet, there are many looking to this strange event as an indication that there is something beyond our world that could be trying to make contact with us.

Geithner and Obama Applaud Chinese Decision to Relax Exchange Rate

Recently, China announced that it would “ relax” the exchange rate on it’s currency hoping that it would help the economy. President Obama welcomed the move, as he has been working on it since he took office.

Markets will be watching come Monday for the effects of the announcement, which was timed just before President Hu Jintao's trip to the G-20 summit in Toronto. It is a positive sign that the Chinese are willing to relax the exchange rate but the Obama administration will be working hard for even more fair trade from the Asian country.

The true test, however, will be how fast the country allows their currency to appreciate in value. Many trading partners claim that the currency is undervalued putting the country at an unfair disadvantage.

The Chinese had kept the exchange rate frozen for some time to help their frail economy, but with pressure mounting around the world the Chinese finally made the decision to relax the rate. Treasury Security Timothy Geithner applauded the move calling it an “ important step”.

However, members in Congress are not happy with the move, stating that the undervalued Chinese currency gives them an unfair advantage against the hard working American people.

When the markets open on Monday we will see if the move by the Chinese will help or hurt the market. The globally economy is in a slow recovery so every little bit will help.

Considering that the Chinese government is the largest holder of US Treasuries, keeping a good trade relationship with the Asian country is very crucial to the American economy. However, many hope that the country will work with the rest of the world to create a fair trading environment.