So the world economy is not going to collapse at the hands of a few rich, power-hungry, self-serving minions of the powerful? Or maybe not. Moody’s doesn’t seem to think so. Watch this space. Actually, watch some others.
China would be a good example. This article explains why China’s economy may be more precarious than previously believed, and its demise may be a lot worse than the past few years’ American-led event.
Oh, and did the rich get even a small part of the bill? Did the politicians address the trillions being spent on useless wars in Asia? Was there any consideration for the real financial hardship faced by so many American people? Of course not. Don’t be ridiculous.
The euro is still in danger.
The revolutions that swept the Middle East are going nowhere, fast.
I’m eating Aussie beef here, just in case you were wondering.
As I’ve noted before, the conflicts of the future will be over access to water, not oil.
Another quiet, but scary crisis is devolping over the world’s missing women. Increasing sex selection in favour of males has possibly led to as much as 163 million fewer women being born. That’s like erasing the entire female population of the United States, the entire population of Japan (and then some) or six Australias.
It’s no secret that Australia’s tourism industry is struggling. The number of incoming visitors has been falling some time due, in part, to the stronger Aussie dollar, a fall in hospitality standards and the increase in attractiveness of other destinations. Why the Australian government seeks to make the situation worse by cutting the number of customs and immigration staff is a mystery to many. Now incoming passengers will be expected to stand in line for around an hour – at least. Shooting itself in the foot? Think higher…