Power Up

Good one!
Recession does seem to be opening opportunities for some!
Incidentally there is an interesting website that is specifically dedicated to recession victims.It offers help and discusses all issues related to recession-www.angstcorner.com. It???s worth a visit!

Hi,
This is a wonderful opinion. The things mentioned are unanimous and needs to be appreciated by everyone.

William

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The moment something good about India appears in the Magazines, our jealous neighbours jump in. By the way they post here, I can see that it is these "good neighbours" trying to slime India. I hope these people try to save their countries first before they burn from Jealousy to progressive democratic country of India. These fanatics don't have anything against the repressive one party regime that is China but has everything against India. So what if India dominates Indian ocean, what kind of problem do you have with that? Is your cousin one of those pirates?
Burn Burn inside!

What a difference a mere month makes. Perhaps Newsweek should be a bit more on guard over romanticizing the fortunes of the BRIC economies.

Uh oh, I guess that challenges the idea that Socialism does not work.

really a good discussion.

I thought that the standard line for politically-correct, left-leaning people is "the economic crisis hits the world's poor hardest".

The first banknotes were used in China in the 7th century, and the first in Europe issued by Stockholms Banco in 1661.
[The percentage of global market cap that U.S. equities make up has fallen from 35% at the start of 2007 to 28.35% at the moment. At the start of 2007, China made up just 1.89% of global market cap, ranking 12th out of the top 18 countries. Chinese equities currently rank second and make up 8.12% of global market cap! China is followed by Japan, the UK, France and Hong Kong. ]
[After another IPO in Shanghai in November, PetroChina (PTR) became the largest company in the world and made headlines as the first trillion dollar company. While it still ranks number one in its quest for global dominance, it has lost quite a bit of its value since then and is now worth just under $700 billion. PetroChina is followed by Exxon (XOM), General Electric (GE) and Gazprom. ]
(http://seekingalpha.com/article/60431-global-equity-market-caps-u-s-loses-ground-to-china)

In just 2 years US market cap decreases by 20%; while China increases by MORE THAN 300 PER CENT. It???s shocking, but understandable for the country that invented the banknotes.
The real challenge is how to improve China human and civil rights. Otherwise the whole country is just a bigger jail with better shops.

Interesting article; it suggests that recovery from the economic crisis is more likely to be a stabilizing of a smaller economy.
As such the days of the US being regarded as the worlds only superpower are clearly numbered.
Globalization that by its very nature requires the American worker to become equal to workers in China and India appears to extend to the whole country and its status as a superpower.
At some point the US will be lucky to just be on the list of superpowers, let alone be the only one on the list.
Seems the Republican and the globalists vision of what America should be is within sight and its not pretty.
Perhaps this Adminitration can at least keep us on the list of superpowers. But unless production and free enterprise is revived even that may be unlikely.

If you haven't already, read Euro think-tanker Mark Leonard's "What Does China Think?" for a good look at a nation firmly determined to maintain its independence and internal cohesion in the face of what they term "flat world" globalists.

Leonard has been allowed access to a wide variety of Chinese intellectuals, economists, and commoners on both the "New Left" and the "New Right" over there, and the economic and social debates now current on the mainland are considerably more vibrant and effect-producing on the Communist Party than we are generally led to believe. (Not that they are courting "representative democracy" or anything like it; the concept is still anathema, but the ruling clique has recognized that ways must be sought to gain the often valuable input that always rises only from the less-exalted tiers of the social order.)

Just as interesting are the closing thoughts concerning a possible war with the US -- whom the Chinese have analyzed as so overdependent on advanced battlefield technology that it constitutes an exploitable weakness. Rather than try to compete in the hardware department (beyond a certain amount of necessary modernization; they know they can never reach our level), they have devised a rather impressive array of asymmetrical countermeasures, from economic pressures to coalition/consensus building to field tactics -- most based on good ol' Sun-Tzu's centuries-old dictums.

It's a quick, easy, almost breezy summation of the current state of Chinese thought, no doubt a tad oversimplified for effect, but well worth the time and effort to get hold of (found mine at the Erna Ferguson Library in Albuquerque) and read.

And -- not that I'm fixin' to move there any time real soon -- this is NOT your father's Red China, y'all ...

The fall of US is within itself. Anything too powerful for its own good crumbles. Im not saying it should god hope not but a wise one once said. A downfall of an empire is within itself. Look at the roman empire and others. All of U.S is now corrupted. From the banks to the leaders almost like a 3rd world country.

Do not dismiss your soon to be Chinese and Indian masters. We have been Slouching Towards Gemmorrah ( thank you, Judge Bork ) for 45 years and are now an immoral and decadent society. As we decline China and India are poised to take full control, and we have done this to ourselves.