Innovative word of the week: Chimerica
Yesterday on the op-ed pages of the Wall Street Journal (sub req), Harvard Business School professor Niall Ferguson, author of bestselling books like Colossus and Empire, coined a new word to describe the economic relationship between America and China: Chimerica. (The word has the added bonus of sounding a lot like "Chimera," to invoke the Chinese dragon, presumably). Is it just me, or does Chimerica sound like a description of the relationship between East Germany and West Germany during the heyday of the Soviet Union?:
"To understand the current and persistent disconnect between returns on and the cost of capital, think of a single Sino-American economy. Chimerica accounts for only 13% of the world's land surface, but a quarter of its population and fully a third of its GDP. What's more, it's accounted for over 60% of the cumulative growth in world GDP over the past five years.
West Chimericans are wealthy and hedonistic; East Chimericans are much poorer... But the two halves of Chimerica are complementary. West Chimericans are experts in business administration, marketing and finance. East Chimericans specialize in engineering and manufacturing. Profligate West Chimericans cannot get enough of the gadgets mass produced in the East; they save not a penny of their income and are happy to borrow against their fancy houses. Parsimonious East Chimericans live more humbly and cautiously. They would rather save a third of their own income and lend it to the West Chimericans to fund their gadget habit - and keep East Chimericans in jobs."
[image: Berlin Wall Dragon]
Swipe right to make the connections that could change your career.
Swipe right. Match. Meet over coffee or set up a call.
No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.
The legacy of Felix Dzerzhinsky, who led Soviet secret police in the "Red Terror," still confounds Russia.
- Felix Dzerzhinsky led the Cheka, Soviet Union's first secret police.
- The Cheka was infamous for executing thousands during the Red Terror of 1918.
- The Cheka later became the KGB, the spy organization where Russia's President Putin served for years.
She met mere mortals with and without the Vatican's approval.
- For centuries, the Virgin Mary has appeared to the faithful, requesting devotion and promising comfort.
- These maps show the geography of Marian apparitions – the handful approved by the Vatican, and many others.
- Historically, Europe is where most apparitions have been reported, but the U.S. is pretty fertile ground too.
Research by neuroscientists at MIT's Picower Institute for Learning and Memory helps explain how the brain regulates arousal.
The big day has come: You are taking your road test to get your driver's license. As you start your mom's car with a stern-faced evaluator in the passenger seat, you know you'll need to be alert but not so excited that you make mistakes. Even if you are simultaneously sleep-deprived and full of nervous energy, you need your brain to moderate your level of arousal so that you do your best.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.