China will overtake the U.S. as world’s top economy in 2020, says Standard Chartered Bank

The report also predicts India's economy will surpass the U.S. by 2030.

  • The Standard Chartered Bank, a British multinational banking and financial services company, recently issued a report to clients outlining projections about the world economy up until 2030.
  • The report predicts Asian economies will grow significantly in the next decade, taking seven of the top 10 spots on the list of the world's biggest economies by 2030.
  • However, the researchers formed their predictions by measuring purchasing power parity at GDP, which is an approach that not all economists would use in these kinds of projections.
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How financial literacy impacts youth prostitution, AIDS, and women’s survival

Financial literacy programs turns girls into powerful economic contributors.

  • Around the world, girls are in positions of extreme vulnerability and risk. How can we increase the survival and empowerment of girls and women who have no education, who are married off as children, forced into prostitution, and who live in regions where AIDS/HIV is common?
  • One proven strategy is financial literacy programs, from as early as age six. It is the bedrock of change. When girls understand finance, savings, and how to think assess opportunity and risk, it is proven to impact seemingly unrelated areas of life, such as understanding their risk of contracting HIV/AIDS, explains Judith Bruce.
  • Invest in the poorest girls in the poorest countries early, says Bruce. Financial literacy affects their future decisions on health, education, and gives them their own economic agency. This benefits flow on to their children and will build a better, safer world.

Fake news is everywhere. Even in places that were once legitimate.

Consider the decline and fall of the South China Morning Post.

Photo credit: rawpixel on Unsplash
  • The South China Morning Post is a respected paper with a long and noble history that has recently made more than a few missteps.
  • Critics of the paper allege that it has fallen into the hands of Beijing and is now little more than a propaganda outlet.
  • The use of a legitimate news source to peddle propaganda is nothing new, but it may be the shape of things to come.
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Why not all uncivilized people are barbarians

Oppression causes many people to run for the hills. Literally.

ROBERTO SCHMIDT/AFP/Getty Images
  • We often imagine that civilization was formed when people agreed to from societies together and then attracted others out of the wildreness to join them.
  • Some historians and anthropologists argue that a huge part of Asia is filled with people who did the opposite.
  • If true, the idea could flip our understanding of how states and civilizations form on its head.
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5 different New Year celebrations from around the world

Explore the many different iterations and times of New Year's celebrations around the world.

  • The majority of countries around the world follow the Gregorian calendar, but still have special days to celebrate their cultural or religious New Year's celebrations.
  • Some calendars are based off of the lunar cycle or a mix of the lunar and solar cycle, which the Chinese use. They then dedicate an entire two weeks for celebration.
  • Thailand's New Year hosts a huge water fight on their New Year that people around the world flock to.
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