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There’s a difference between China and the China Bubble. China is a middle-income developing country bumping up against the limits of a growth model built on massive exports of manufactured goods. There are lots of bubbles inside China, largely because both national and local governments have pursued a mix of stimulative policies even as the health of the underlying growth model deteriorated. Massive over-investment in real estate, infrastructure and manufacturing capacity, overvalued stock prices and poorly priced financial assets have created an increasingly toxic and dangerous economic situation inside China, and a rattled government is doing its best to keep the system from imploding. The government is hoping to achieve a “soft landing” as China switches away from growth led by manufacturing for export to growth led by services and internal consumption. We shall see; China’s regulators and managers are skilled and have a lot of ammunition. But this is a difficult maneuver to execute and as Chinese society and the Chinese economy both become more complex, the task of running the country keeps getting harder.
Read the story about David wanting to use bits from one of Camille's books in a song, and Camille thinking someone was trying to prank her by asking for her phone #.
A thoughtful and rather sobering column from Jazz Shaw on assisted suicide. For the record, I still think it's a bad idea generally because I see it as highly likely to be abused. But there are some good points made in favor.
Cousin Dave
at January 13, 2016 10:07 AM
Futurama was almost spot-on when it comes to colleges:
Obviously someone using his "white privilege". (Damn pirate!)
http://dailycaller.com/2016/01/11/marxism-failed-in-the-world-but-conquered-western-academia/
Bob in Texas at January 13, 2016 6:41 AM
Wussification of America continues... "no taunts at h.s. sporting events" http://www.postcrescent.com/story/sports/2016/01/08/prep-athlete-suspended-tweet/78525606/
the other Patrick at January 13, 2016 7:04 AM
Walter Russell Mead on the looming China bubbles.
I R A Darth Aggie at January 13, 2016 9:18 AM
Camille Paglia remembers David Bowie.
Read the story about David wanting to use bits from one of Camille's books in a song, and Camille thinking someone was trying to prank her by asking for her phone #.
I R A Darth Aggie at January 13, 2016 9:22 AM
More crony capitalists moving to Amy's neighborhood (more or less).
I R A Darth Aggie at January 13, 2016 9:25 AM
A thoughtful and rather sobering column from Jazz Shaw on assisted suicide. For the record, I still think it's a bad idea generally because I see it as highly likely to be abused. But there are some good points made in favor.
Cousin Dave at January 13, 2016 10:07 AM
Futurama was almost spot-on when it comes to colleges:
http://futurama.wikia.com/wiki/Mars_University/Quotes
Check Leela's quote.
Sixclaws at January 13, 2016 11:44 AM
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