Thursday, January 26, 2006

Growth and China (good news)

Well if reports are to be believed the ChiComs just finished the year with a sizzling 9% growth in GDP. At this rate (assuming the US growth slows to 2% and stays there) the Chinese people will enjoy a comparable GDP per capita with the USA in around 30 years. Now the good thing...long before then, somewhere around $15,000 GDP per capita, they will hit a wall. This is the point at which the "low hanging fruit" of development have been harvested and a country really needs to begin harnessing the creative impulses of its citizens to grow beyond....the catch is that history would tend to imply that a totalitarian society cannot grow beyond this point. So the good news is that somewhere around 2015 or so, the ChiCom's will have to relinquish their grip on power or face stagnation. As for believing officially reported data, understand that reporting anything other than the targetted results probably would land the reporting official and his family in a labor camp...so there's an incentive to report expected results whether or not they actually exist.


More expansive thoughts here

Friday, May 27, 2005

Things that make you go hmmm.....

From the Wall Street Journal Online comes the following blurb...

"Pfizer stock declined after the FDA said it is examining rare reports of blindness among impotence-drug users."

Way back when didn't "they" say something about going blind? Athough if you suffer from ED doesn't it seem a bit extreme to be using Viagra when you're all alone?

Wednesday, May 25, 2005

Democracy, EU-style...

Well the enlightened apparatchiks that run the EU have shown their complete lack of comprehension of representative government along with their utter contempt for anyone that disagrees with them. From the Financial Times

"France and the Netherlands should re-run their referendums to obtain the "right answer" if their voters reject Europe's constitutional treaty in imminent national ballots, Jean-Claude Juncker, the holder of the EU presidency, said on Wednesday.
The Luxembourg prime minister said all 25 EU member countries should continue their attempts to ratify the treaty whatever the outcome of the French and Dutch votes.
His comments reflect a mood of deepening pessimism among Europe's leaders about the outcome of the referendums.
"The countries which have said No will have to ask themselves the question again. And if we don't manage to find the right answer, the treaty will not enter into force," he said in an interview with the Belgian Le Soir newspaper. "

If senior EU officials have the stones to make public statements like this now, just imagine the totalitarian horror that awaits the poor citizens of "Europe" if this is ever officially ratified.

hat tip Drudge

Thursday, February 17, 2005

Great Moments In Shopping I


All I can say is "What a bargain! What a bargain for me."
(apologies to those old enough to remember Eddie Murphy's standup days...)

Saturday, February 05, 2005

We Should be live now...