A little history from my bank…

From the “You find history in the weirdest places file,” Wells Fargo actually has its own history blog, and I suppose well it should since the company’s history is so intertwined with that of the US West and especially California. (Think: “The Wells Fargo wagon is a-comin’ round…”)

Two posts this week take the bank’s history even further. “Wells Fargo in Japan” tells the story of a Japanese employee of Wells Fargo who helped assist a distressed ship from Japan off the coast of San Francisco in 1858 and the bank opening a branch in the Yamato Department Store in Los Angeles in 1912. The post on Wells Fargo’s involvment with the Chinese community runs even deeper. A Chinese translator named Tam Tong worked for Wells Fargo in San Francisco as early as 1863-1864 and the bank published bilingual merchant directories and a Chinese-English dictionary for its customers. Apparently, a group of local Chinese even helped to feng shui the Parrot Building, built in 1855, which would become the head office of Wells Fargo in San Francisco.————Images via the Wells Fargo history blog, Guided by History.

Koreas to make historic train cross of Cold War line

From Reuters: Two passenger trains–one heading north and one heading south–will cross the last frontier of the Cold War later today. It will make the first time North and South Korea have been linked by rail in 56 years.

While the ‘train exchange’ is mostly symbolic (the trains are going only about 15 miles in either direction and will return the same day) it’s another sign that relations between the two Koreas are warming somewhat.

Beyond dreams of reunification, South Korea has a practical reason for attempting to re-establish rail links with the North. Seoul wants to establish direct freight service with China and Russia which would mean lower shipping costs for South Korean exports. (h/t HNN)

More on parking in Beijing

After ranting yesterday on the parking situation in Beijing, I came across an article in this week’s Economist on how the new property law will affect the competition for parking spots in the city. In March this year, despite vocal opposition by party conservatives, the leadership ensured passage of a new property law in parliament. This was widely hailed as a further salve for landlords. Although much of it merely consolidated existing legislation, it contained important new provisions concerning the rights of property owners in new housing estates, including principles governing the ownership of parking spaces.

But there is…of course…a catch: The new law makes clear that parking spaces occupying what the law considers to be land owned collectively by the home-owners, such as roads within estates, are also collectively owned. It obliges developers to give priority to the parking needs of estate residents. It is vaguer on the subject of how home-owners and developers are supposed to cooperate. Some developers, fearing that home-owners will gain a greater say over prices, have rushed to sell off as many spaces as that they can before the law takes effect on October 1st. Disputes continue to simmer.

On a related note, the

National Geographic: "Great Wall of China Overrun, Damaged, Disneyfied"

Not exactly a newsflash to anyone who has been to Badaling lately, but a nice overview of the situation along the Wall. From the purposeful destruction of the 1950s and 1960s to the “killing through kindness and commercialization” of today, the Wall has been through a lot in the last few years. It would be sad if package tourists can undo in a few decades what took centuries to finish. (h/t HNN)

AFP: "Demolitions spark outrage in historic Beijing"

h/t CDT: A hutong not too far from the Granite Studio is going under the wrecker’s ball (er, hammer) to make way for a new residential development. Gentrification marches on, if you like your nice hutong home, be very nervous about the yuppy with the espresso, the laowai with an expat package, or the Taiyuan coal mine boss with a man purse and two ernai (would that be a sinai?).

About 24 homes in Dongsi Batiao (just inside the second ring, south of the main Dongsi Shitiao and not too far away from the CCP-kitsch restaurant The Red Capital Club) will be razed to make way for the new building project. And people are pissed.

Richard Spencer, who happens to live in the neighborhood, blogged about the planned demolition and the spirited response: The latest cause celebre in the Chinese papers is the “chai” or demolition order handed out to residents of Dongsi Ba Tiao…

There has been an outcry in all the papers, from the Beijing News to China Daily. But it’s too late. Even though there is a preservation order in place over the whole area, this doesn’t matter. Various reasons are given – the deal to hand

日历

May 2007
M T W T F S S
« Apr   Jun »
 123456
78910111213
14151617181920
21222324252627
28293031