China's City Bubble
To meet China's #1 goal of growth, the government is investing heavily in infrastructure. This entails building new cities where nobody lives and whose property is owned by speculators.
What's the Latest Development?
The #1 task of China's political establishment is to maintain economic growth, both to benefit the country's bottom line and to keep revolution at bay. Toward this end, regional ministers receive money from Beijing to invest in infrastructure which often means constructing entirely new cities. Comparable to the world's contrived national capitals like Brasilia, these new Chinese cities struggle to find an identity and a population. "Analysts have recently bandied about a number of 64 million empty apartments in China at the present moment."
What's the Big Idea?
Are we witnessing the inflation of a Chinese city and housing bubble similar to that which crashed the American domestic consumer economy? Though massive building projects are underway, government records are poorly kept so making definitive conclusions is difficult. It is estimated, however, that real estate projects now account for 70 percent of the nation's G.D.P. This rate is far higher than any other country in history and, if true, is clearly unsustainable. But for the moment, more houses will not hurt the modernizing nation.
Pfizer's partnerships strengthen their ability to deliver vaccines in developing countries.
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- Pfizer is helping to drive the UN's sustainable development goals through partnerships.
- Pfizer partnered with AMP and the World Health Organization to develop a training program for healthcare workers.
Entrepreneur and author Andrew Horn shares his rules for becoming an assured conversationalist.
- To avoid basing action on external validation, you need to find your "authentic voice" and use it.
- Finding your voice requires asking the right questions of yourself.
- There are 3-5 questions that you would generally want to ask people you are talking to.
Sarco assisted suicide pods come in three different styles, and allow you to die quickly and painlessly. They're even quite beautiful to look at.
Death: it happens to everyone (except, apparently, Keanu Reeves). But while the impoverished and lower-class people of the world die in the same ol' ways—cancer, heart disease, and so forth—the upper classes can choose hip and cool new ways to die. Now, there's an assisted-suicide pod so chic and so stylin' that peeps (young people still say peeps, right?) are calling it the "Tesla" of death... it's called... the Sarco!
Swiss researchers identify new dangers of modern cocaine.
- Cocaine cut with anti-worming adulterant levamisole may cause brain damage.
- Levamisole can thin out the prefrontal cortex and affect cognitive skills.
- Government health programs should encourage testing of cocaine for purity.
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