Joseph Dear, who as chief investment officer of the California Public Employees’ Retirement System rebuilt the biggest U.S. public pension after a $96 billion loss, died yesterday in Sacramento. He was 62.
The U.S. and China are discussing ways to improve communication between their militaries to avoid potential conflict at a time of heightened tensions in the region, departing U.S. Ambassador to China Gary Locke said.
Senator Max Baucus, nominated to become U.S. ambassador to China, told lawmakers he would place top priority on boosting trade while also pressing that nation over computer breaches and crackdowns on dissidents.
The Communist Party can’t wait to see the back of Gary Locke, the outgoing U.S. ambassador who ruffled many a feather during his two-plus years in Beijing. The 1.2 billion Chinese who aren’t party members should be begging him to stay.
U.S. Ambassador to China Gary Locke said he is “deeply concerned” that the trial this month of human-rights lawyer and activist Xu Zhiyong is retribution for his efforts to expose government corruption.
President Barack Obama said today he will nominate Senate Finance Committee Chairman Max Baucus to become ambassador to China, slowing the chances of the biggest changes to the U.S. tax code since 1986.