Global Recession?

The following Citation is from China Daily of today: "The State Council has approved 2 trillion yuan ($292 billion) for the construction of a series of railway projects, to help boost economic growth amid the worldwide financial crisis. Increasing investment in fixed assets has remained a catalyst of China's economic development. By 2010, the total length of China's railway will reach 90,000 km, according to the Ministry of Railways. A number of major railway projects will be started soon, - the country's leading economic news portal - quoted Wang Yongping, spokesman for the Ministry of Railways, as saying on Friday. About 1.2 trillion yuan has already been allocated, he said. Zheng Xinli, a senior government policy advisor, said: "In 1997, we dealt with the Asian financial crisis by stimulating domestic economic growth by investing in the construction of highways. This time the money will go on improving the rail network." The National Development and Reform Commission is developing plans to improve the country's railway systems, he said. (China Daily October 25, 2008)"

The Mumbai Dharavi slum

The description of the Dharavi slum in the Economist reminded me the Book Shantaram from which I learned the first time that these big slums are not these places of pure despair but human communities of a tremendous complexicity.
And I like Marxists of the type of Mr. Korde!!!!!

read the excerpt from

Intelligent Burocracy

This is a Snippet from "The World is flat"

"As venture capitalist John Doerr once remarked to me 'You talk to the leadership in China and they are all engineers, and they get what is going on immediately. The Americans don't, because they are all lawyers'. Added Bill Gates: ' The Chinese have risk taking down, hard work down, education, and when you meet with Chinese politicians, they are all scientists and engineers. You can have a numeric discussion with them - --"

The Gini Coefficient

The Gini Coefficient measurs inequality in countries ( A high Gini coefficient means high inequality. The lowest Gini coefficient among industrialized countries has Norwegia with 19, many countries in Latin America are high upto 60, the extremest measured values. China went up from values in the 20 during communism to a 44 by the Deng reforms ( The West European Countries have lower Gini coefficients than the USA.

Speech of President Koehler for "Tag der Deutschen Einheit 2007"

Attached you will find the speech of Bundespraesidend Koehler for the German National Day 2007. I like it. What I most like is the title. I also agree that we have the tackle the problem that the globalization creates dispartment within the countries more than between the countries. We have tobe careful that the globalization loosers in the rich countries do not turn against globalization (see .

Internal Globalization

I am Back to the United States. This time on holidays; we picked up Matilde at UCLA (which is the LA part of the same University to which belongs Berkeley) and we will travel California for two weeks. After 3 days in Los Angeles another difference between Europe and the States seems clear to me: The United States are much more "internally globalized". I had read, that going from one neighbourhood of LA to another is like crossing the border between San Diego and Tijuana. happens very seldom

that the Economist is in agreement with Fidel Castro.   But too much is too much, also for the Ultra-liberals from my favourite newspaper.  They criticise explicitely the silly policy of the American government to fancy the production of Ethanol from maize.  This is not ecological, this is against free trade, this is against globalization

Ethanol | Castro was right |


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