Christmas spirit in China: Rioting over toy factory layoffs.

From Asia:
On November 26, China cut interest rates by 1.08 percentage points to 5.58%, the lowest level in 11 years and the largest one-off cut since the Asian Financial Crisis in 1997. The economy is crumbling and millions of jobs will be lost before Christmas.

It is also the fourth interest rate cut by the Chinese central bank in the last ten weeks. "China is out to save itself," said Patrick Bennett, an analyst with Societe Generale in Hong Kong.

In recent weeks, laid-off factory workers have rioted across central and southern China. Government officials in Beijing have warned that dissent and threats to social stability will be crushed.
***Some things never change***