Get flash to fully experience Pearltrees
Those worrying about jobs being shipped out of Wyoming and over to Kunming can take heart. China is starting to create more jobs in ‘land-rich’ countries (like the US) in the form of fruit-pickers. In fact, China is heading straight into a deficit – at least when it comes to the balance of trade in fruit. The latest piece of research from StanChart’s Stephen Green explains. Despite exploding watermelons , China’s production of fruit is growing – enabling exports to increase at about 15 per cent a year since January 2009.
August 1 is Army Day in China. Recent improvements in Sino-US military ties are welcome, but conflicting interests mean tensions might still be inevitable. In a recent piece in the New York Times, Mike Mullen, Chairman of the US Joint Chiefs of Staff, stressed the importance of improving Sino-US military relations. Mullen acknowledged that PLA-Pentagon ties have frequently been characterized by ‘misunderstanding and suspicion,’ and complained that Beijing continues to employ bilateral defence ties as ‘a sort of thermostat to communicate displeasure. When they don’t like something we do, they cut off ties.
The US continues to rack up more and more debt, with a deficit in the trillions. But how did we get here? Teresa Tritch for The New York Times examines : In 2001, President George W. Bush inherited a surplus, with projections by the Congressional Budget Office for ever-increasing surpluses, assuming continuation of the good economy and President Bill Clinton’s policies. But every year starting in 2002, the budget fell into deficit.
Editor’s note : Guest contributor Jon Bischke is a founder of RG Labs and an advisor to Altius Education , Fatminds and Udemy . You can follow him @jonbischke . It was the best of times. It was the worst of times. -Charles Dickens from A Tale of Two Cities For people who spend most of their days within a few blocks of tech start-up epicenters such as South Park in San Francisco, University Avenue in Palo Alto or the Flatiron district in New York, last week’s jobs report must have created some cognitive dissonance.