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China has become the most trading nation in the world
China has become the most trading nation in the world, according to last statistics. It surpassed USA, just as it did this as the biggest exporter that happened in 2009 (surpassing Germany). But more interesting is something else. China's foreign trade is almost half of its GDP. While US foreign trade is about 25% of its GDP. Obviously both economies are open ones, but it is also obvious that China is simply extracting businesses and income from USA (and from other nations too). Without this high trade, including the enormous trade surplus, China would not have such a good economic growth. I.e. China is not so much creating new economy and new markets, than is redistributing the old economy in its favor. And this process is deepening because more and more US businesses are going to China.
Read more...Is Mark Carney a fool... Or just a liar (politician)...
The people like to save. They need this. And it is not a question of money. People have always saved - since the ancient times of living in caves. They saved meat, corn, wood, weapon, hide... And they do knew what they have and what they can rely on. Saving money is an evolution of saving. Money is an universal tool of obtaining anything else. It is small as weight and size, and can cover much future needs almost immediately. So money is an universal saving option. And then... Mark Carney said inflation must not be the only target of the Central Bank...
Read more...Dell: 2 gambles at a time
The idea of Michael Dell to make Dell Inc. a private company looks a very strange move to me. If you are a good CEO, it doesn't matter if the company is public or private. Steve Jobs took an almost bankrupted Apple and made it again IT giant. The restructuring of Apple was much bigger that the expected restructuring of Dell. And the redirection of the business model was even more rapid. So in fact the ownership and shareholders does not obstruct you to do a good business. In fact in current corporate structure in large corporations in US, the influence of shareholders is very limited in favor of the board. So turning Dell private is a very strange decision.
Read more...It is not with the guns only, it is with the economy
Are USA the most armed nation in the world? This is a very interesting question in times of an extreme gun violence on streets, and some attempts from The President to implement a regulation. The answer is "No". The most armed nation in the world in terms of personal weapons (and without counting atomic bombs, submarines and aircraft carriers) is... Switzerland. Yes - a country richer that USA, measured in income per capita. A country much more social and leftish than USA, and a country located in Europe, where usually the gun control is stronger than in USA. But in Switzerland the average citizen owns more weapons that the average American.
Read more...Touch-screen laptops are better than the tablets
At the end of last year the Acer boss Jim Wong predicted that touch-screen laptops will dominate the market and will beat the tablets. His words were backed by an internal test in the company that showed good results. Some time ago the Apple guru Steve Jobs said exactly the opposite. And again based of "tons of user testing". I think Wong is right.
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