Ford’s US auto sales spike, surpassing GM

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Ford’s US auto sales spike, surpassing GM

June 23rd, 2017 | No Comments »
Posted by PG4wp3 under Uncategorized

Wednesday, March 3, 2010

Ford Motor Company said on Tuesday that its sales in the United States rose 43% in February compared to the same period last year, as the automaker outsold rivals Toyota and General Motors.

The strength of our new products … are resonating with customers

Ford said that total sales improved to 142,285 units, compared to 141,951 units sold by GM. Additionally, Ford said that its share of the total US car market rose to 17%, up from 14% a year ago. The increase was better than analysts had predicted, and Ford’s stock rose to a five-year high in morning trading, before declining later in the day. Ford’s sales were significantly influenced by a 74% increase in fleet sales to businesses. Rental car agencies alone accounted for around 30,000 units sold. Sales to retail consumers increased only 28%.

The increases were led by sales of two sedans, the Fusion and Taurus, which rose 166.5 and 93.3% respectively, although sales of other models such as SUVs and pickup trucks also increased. Both models were significantly redesigned last year, and analysts said that improved quality from such cars were driving the increases.

Other companies also reported February sales today, nearly all reporting sales gains as well, although none as large as those of Ford. Toyota was the sole exception to the sales gains, as their sales declined 8.7%, as the company was faced with a global recall during the month that led to a temporary stoppage of production for some models.

“The strength of our new products … are resonating with customers,” said Ken Czubay, Ford’s vice president of sales and marketing. However, he believed that traditional Toyota customers were not buying rival autos, but rather awaiting the results from the recalls.

NASCAR driver Montoya wins pole at New Hampshire

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NASCAR driver Montoya wins pole at New Hampshire

June 23rd, 2017 | No Comments »
Posted by PG4wp3 under Uncategorized

Saturday, June 26, 2010

NASCAR Sprint Cup Series driver Juan Montoya won his first pole position of the season on Friday at New Hampshire Motor Speedway. His time of 28.781 was faster than all others who qualified. Kasey Kahne followed in the second position with a time of 28.820, ahead of Kurt Busch and Mark Martin in third and fourth. Two drivers did not qualify quickly enough; they were Travis Kvapil and Mike Bliss.

I got sideways, still in the gas, and I thought, ‘They’re going to kill me.’ I was about to press the button [on the radio] and say, ‘Sorry, guys, I got loose,’ and they go, ‘Oh, good job!’

Montoya said, “It was a good lap until Turn 3, when I got sideways, still in the gas, and I thought, ‘They’re going to kill me.’ I was about to press the button [on the radio] and say, ‘Sorry, guys, I got loose,’ and they go, ‘Oh, good job!” Montoya is currently in twentieth in the point standings, a long shot to make the {{w|Chase for the Sprint Cup}. He made the Chase last year, but the 2010 season has not been going well for him. “We have more top-10s, more top-fives, and we have much faster race cars than we had last year at this point,” Montoya said.

The race will be held at 13:00 EDT on June 27, 2010. The race will be broadcast on the Turner Network Television in the United States. It will also be broadcast on the radio station Performance Racing Network at 12:00 EDT.

2010 Lenox Industrial Tools 301}
Position Car Number Driver
1 42 Juan Montoya
2 9 Kasey Kahne
3 2 Kurt Busch
4 5 Mark Martin
5 39 Ryan Newman
6 00 David Reutimann
7 87 Joe Nemechek
8 77 Sam Hornish, Jr.
9 33 Clint Bowyer
10 48 Jimmie Johnson

How To Properly Water Your Lawn}

June 23rd, 2017 | No Comments »
Posted by PG4wp3 under Irrigation

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Submitted by: Ti Grant Eckert

Lush green lawns are simply gorgeous-but it can take plenty of work to achieve that stunning emerald look. Watering your lawn correctly is absolutely vital to keeping your lawn healthy and green in any climate. Proper watering of your lawn can even help preserve water, as you’ll be using it more efficiently, with less waste.

When and How to Water

You don’t necessarily need to start watering your lawn as soon as the first few warm summer days appear. You’ll actually achieve a healthier lawn, with a more extensive and deep root system, if you hold off watering until your lawn begins to enter a mild state of drought. When your lawn begins to enter this state, the grass will turn a darker shade of green, and footprints made when you walk across the lawn will remain imprinted, instead of the blades quickly bouncing back up.

If you’re able to, watering your lawn early in the day is best. Midday watering is inefficient and may be detrimental to your lawn, as moisture will evaporate quickly at this time. Watering in the evening can help cultivate lawn diseases, as the grass will remain damp for longer periods. However, if you live in a very hot climate, watering during the evening is preferable, as less moisture will be lost due to evaporation, and temperatures will not be cold enough to prevent grass blades drying completely overnight.

One of thee most important points in watering your lawn is ensuring that you maintain an even distribution of water over the entire lawn, and that no spot is either missed or flooded with excess water.

The best way to achieve this objective is with a sprinkler system, rather than with a hose. To ensure your system is providing even coverage over your lawn, place some empty cans or other straight-sided containers at various spots over the lawn, and then check how much water each contains after a watering session.

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How Much Water?

Thorough, less frequent watering is much more efficient-and healthy for your lawn-than frequent, light watering. A good, heavy watering that penetrates deep into the soil helps to promote a healthy root system, and also discourages the growth of weeds.

In normal conditions, grasses need between three quarters of an inch and one full inch of water per week to maintain that rich green color, and to keep the lawn healthy and actively growing, as well as attractive. In very hot climates, more frequent watering may be needed. Check your lawn for blade ‘bounce’ to ensure your lawn receives enough water.

Remember that this requirement includes both precipitation (rain) and watering. If you receive an inch of rainfall in any given week, you can hold off watering until it’s needed. In addition, it’s important to realize that this one inch isn’t an absolute requirement-your lawn won’t sicken and die if it doesn’t get an inch every week, but too much water in a short time can be harmful. If, for example, you know rain is expected very soon, you can safely hold off watering until after the rain arrives.

How Long?

Each watering of your lawn should provide plenty of water for the active root zone of the grass. The length of time this takes depends on the type of watering system you use, and the type of soil you have. In general, most types of grass need to be soaked to a depth of eight to twelve inches. Some grasses, such as bluegrass, need to be soaked to a depth of six to eight inches.

To calculate how long you’ll need to run your sprinkler system to achieve the right depth, do the following:

1. Run your sprinkler system for fifteen minutes.

2. After 24 hours, drive a screwdriver or other implement into the earth to check how deep the water penetrated. You’ll be able to drive the implement easily through moist soil, but once you hit dry soil it will become difficult.

3. Divide 120 by the depth of moist soil you determined in step 2. If the water soaked in to a depth of three inches, for example, you’ll end up with a figure of 40 minutes. That means it will take two hours for the lawn to be soaked to a depth of nine inches, and two hours and forty minutes to get soaked to a depth of twelve inches.

Water Conservation Tips

If you live in a climate that routinely achieves very high temperatures during the summer, consider letting your lawn go dormant as an alternative to watering.

Purchase a rain gauge so that you can determine how much rain your lawn receives, and avoid over-watering.

Aerate your lawn to allow the grass to use water more efficiently.

About the Author: Grant Eckert is a freelance writer who writes about topics pertaining to home maintenance such as

trugreen.com/

Lawn Care

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‘Davos man’ versus ‘Camp Igloo’; 42nd World Economic Forum convenes in Swiss alps

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‘Davos man’ versus ‘Camp Igloo’; 42nd World Economic Forum convenes in Swiss alps

June 23rd, 2017 | No Comments »
Posted by PG4wp3 under Uncategorized

Thursday, January 26, 2012

Germany’s Chancellor Angela Merkel gave yesterday’s opening address to the 42nd meeting of the World Economic Forum (WEF), which is facing a distinctly different geo-political landscape from twelve months ago. Outside the WEF security cordon, in the sub-zero temperatures of Davos’ train station car park, the local incarnation of the Occupy movement are setting up ‘Camp Igloo’; but, with little hope of the archetypes of the 1%, ‘Davos Man’, arriving by public transport and seeing their sub-zero protest.

David Roth, heading the Swiss centre-left’s youth wing — and an organiser of ‘Camp Igloo’, echoes much of the sentiment from ‘Occupy’ protests around the world; “[a]t meetings the rest of society is excluded from, this powerful ‘1 percent’ negotiates and decides about the fate of the other 99 percent of this world, […] economic and financial concentration of power in a small, privileged minority leads to a dictatorship over the rest of us. The motto ‘one person, one vote’ is no longer valid, but ‘one dollar, one vote’.”

Roth’s characterisation of ‘Davos Man’, a term coined by the Professor Samuel Huntington of Harvard University, is more emotive than that of the late professor who saw ‘Davos man’ as “[having…] little need for national loyalty, view[ing] national boundaries as obstacles that thankfully are vanishing, and see[ing] national governments as residues from the past whose only useful function is to facilitate the elite’s global operations”.

As Reuters highlights, many attendees will opt to make their way from Zurich to Davos by private jet, or helicopter, and the WEF itself provides handouts indicating the cost of such is 5,100 Swiss francs (approx. 5,500 USD, 3,500 GBP, 4,200 EUR). In contrast: travelling by rail, even when opting for first class — without an advance booking, is 145 Swiss francs (approx. 155 USD, 100 GBP).

Shifting fortunes see several past attendees missing this year’s exclusive get-together in the alpine resort; for a second year running — and now caught up in the UK phone hacking scandal being scrutinised by Lord Leveson’s inquiry — media mogul Rupert Murdoch will not be attending. Nor will the former head of financial services company UBS Oswald Gruebel, who resigned in the wake of US$2.3 billion losses incurred through unauthorised trading; likewise, Philipp Hildebrand, the ex-head of the Swiss National Bank, is absent following scandal associated with his wife’s currency trading activities; and, although the sexual assault charges against Dominique Strauss-Kahn were dropped, having stepped down as managing director of the International Monetary Fund Strauss-Kahn will also be absent.

As the #OccupyWEF protesters were building igloos last weekend, an anti-WEF protest in the Swiss capital Berne was broken up by police, who stated their intent to prosecute participants in the illegal protest. Allegations of calls for violent protest action led to a high number of officers being involved. In the aftermath, charges of breach of the peace are to be brought against 153 people, with some targeted for more serious offences. At least one group involved in the protest described the police response as “disproportionate”.

At ‘Camp Igloo’ Roth says he is seeking discussions with the WEF’s expected 2,000 attendees; but his voice, and that of others in the worldwide ‘Occupy’ movement, is unlikely to be given a platform in the opening debate, “Is 20th-century capitalism failing 21st-century society?” He, and others taking part in this Swiss incarnation of the ‘Occupy’ movement, are still considering an invite to a side-session issued by the World Economic Forum’s founder, Klaus Schwab; commenting on the invite Roth told the Associated Press they would prefer a debate at a more neutral venue.

As has been the case for several years now, the annual Forum meeting in Davos was preceded with the release of a special report by the World Economic Forum into risks seen as likely to have an impact the in the coming decade. The 2012 Global Risks Report is a hefty document; the 64-page report is backed with a variety of visualisation tools designed to allow the interrelations between risks to be viewed, how risks interact modelled, and their potential impacts considered — as assessed by the WEF’s panel of nearly 500 experts.

As one would expect, economic risks top both the 2012 impact and likelihood charts. Climate change is pushed somewhat further down the list of concerns likely to drive discussions in Davos. “Major systemic financial failure” — the collapse of a globally important financial institution, or world currency, is selected as the risk which carries the most potential impact.

However, “Chronic fiscal imbalances” — failing to address excessive government debt, and “Severe income disparity” — a widening of the the gulf between rich and poor, top the list of most likely risks.

At the other end of the tables, disagreeing respectively with the weight last year’s Wikinews report gave to orbital debris, and the Motion Picture Association of America’s (MPAA) fight with the Internet over copyright legislation, the 2012 Global Risks Report places “Proliferation of Orbital Debris” and “Failure of intellectual property regime” bottom of the league in terms of potential impact.

In 2011, with the current global economic crisis well under-way, “Fiscal crises” topped the WEF risks with the largest potential impact in the next ten years. However, perceived as most likely a year ago, “Storms and cyclones”, “Flooding”, and “Biodiversity loss” — all climate-change related points — were placed ahead of “Economic disparity” and “Fiscal crises”.

More mundane risks overtake the spectre of terrorism when contrasting this year’s report with the 2011 one; volatility in the prices of commodities, consumer goods, and energy, and the security of water supplies are all now ranked as more likely risks than terrorism — though the 2011 report did rank some of these concerns as having a higher potential impact. A significant shift in perception sees the 2012 report highlight food shortages almost as likely a risk the world will face over the next decade; and, one with a far more significant impact.

Attending the World Economic Forum at Davos is more than just an opportunity to discuss the current state of the global economy, and review the risks which face countries around the world. With such a high number of political and business leaders in attendance, it is an ideal opportunity to pursue new trade deals.

Canadian Prime Minister Stephen Harper is, in addition to being a keynote speaker, expected to pursue improved relations with European and Asian trade partners at private meetings on the Forum sidelines. The Toronto Star reports Harper is likely to push forward an under-negotiation Canadian-European free-trade agreement, and hold closed-door discussions prior to next month’s planned trip to China.

Similarly, Canadian trade minister Ed Fast is expected to meet South Korean counterparts to discuss an equivalent deal to the preferential ones between the Asian nation and the US and Europe. Fast’s deal does, however, face opposition at home; the Canadian Auto Workers union asserts that such a deal would put 33,0000 jobs at-risk.

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British Prime Minister David Cameron and chancellor George Osborne are expected to discuss a possible increase of UK funding to the International Monetary Fund (IMF); however, with the UK responsible for 4.5% of the US$400 billion in the IMF’s lending fund, backbench MPs have warned that committing any additional funds could provoke a Conservative revolt in parliament. Tuesday’s IMF cut of predicted global growth from 4% to 3.3%, warnings of a likely Eurozone recession in 2012, and ongoing problems with Greek financial restructuring, are likely discussion topics at Davos — as well as amongst UK backbench MPs who see adding to the IMF war-chest as bailing out failed European economies.

South Africa, less centre-stage during the 2011 Forum, will be looking to improve relationships and take advantage of their higher profile. President Jacob Zuma and several cabinet members are attending sessions and discussions; whilst former UK Prime Minister Gordon Brown is to moderate a session, “Africa — From Transition to Transformation“, with Nigeria, Guinea, and South Sudan’s presidents on the panel. Wal-mart’s CEO Doug McMillon is to lead a dinner session, “Shared Opportunities for Africa’s Future” — highlighting larger multinationals looking towards the continent for new opportunities.

Davos may also serve as a place to progress disputes out of the public eye; a high-profile dispute between Chile’s state-owned copper mining business, Codelco, and Anglo American plc over the 5.39 billion USD sale of a near-quarter stake in their Chilean operations to Japan’s Mitsubishi, prompted the Financial Times to speculate that, as the respective company chiefs — Diego Hernández and Cynthia Carroll — are expected to attend, they could privately discuss the spat during the Forum.

Broken pipes cause flood in Darwin D. Martin House in Buffalo, New York

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Broken pipes cause flood in Darwin D. Martin House in Buffalo, New York

June 23rd, 2017 | No Comments »
Posted by PG4wp3 under Uncategorized

 Correction — February 13, 2008 The break was a broken sprinkler head in a crawl space above the shop, according to Jeffrey A. Salmon Facilities Manager of the Martin House Restoration Corporation. Not a pipe. 

Tuesday, February 12, 2008

Buffalo, New York — According to radio communications by the Buffalo, New York Fire Department, at approximately 10:15 p.m. EST two water pipes inside the Darwin D. Martin House, a National Historical Landmark, broke causing several rooms to flood.

The breaks were discovered in the gift shop area of the house but quickly began to flood other areas near the shop as firefighters had a difficult time locating the main shut off valves.

At 10:50 p.m., firefighters reported to have shut off “several main valves” stopping the flow of water. The cost of the water damage is not known, but covered several rooms. Recent sub-zero temperatures in the city is said to be the cause of the break. At the time of the call, the temperature was only 10°F with a wind chill of 4°F above zero. On Sunday the temperature was only 3°F with a wind chill of -23°F.

The house, designed by Frank Lloyd Wright, has seen rough times over the years, experiencing problems such as vandalism. The first half of the complex was built in 1903 and finished in 1905. After the pergola, conservatory, and carriage were demolished, restoration and rebuild began in 1992 and is scheduled for completion in 2008 or 2009.

Some Etiquettes To Remember When Party Planning}

June 21st, 2017 | No Comments »
Posted by PG4wp3 under Child Education

Submitted by: Richard Curtain

More than anything else, the one thing that kids all over the world look forward to is their birthday party. Its that time of the year when they can invite their friends (and perhaps some classmates) to come over the house and eat treats and play games.

As you organize your kids birthday party, the excitement can make you forget some etiquettes as the host of the event. Here are a few important factors you can consider to make the planning fun instead of being too stressful:

The Invitations

There are parents who start creating invitations without talking to their child first. Although youre doing the planning, what your kid wants also matters. So make sure you have a chat with him first before making and sending out the invites. Ask him about whom hed like to be around during the party. Be sure to make allowances for your family members and close friends.

Kids are usually accompanied by their parent/s, so make sure your invitation is good for two or three persons. You have to consider this as well when preparing for the food to be served.

It is also important that you send the invitations early enough to allow time for your invited guests to make their plans and fix their schedule if need be. Sending out the invitations two weeks before the bash is the ideal.

Gift-Opening

We all know that kids enjoy opening gifts right during the party. In fact, its something kids cant wait to do. Some children even wish that the party was over just so they can start opening their birthday presents. You can start teaching your child important values during this time. Tell him not to forget thanking the giver every time he unwraps a gift, even he if he doesnt like the gift at all. Dont make the gift-opening a drawn-out affair. You dont want your guests starting to feel bored because your childs spending a lot of time opening his presents. Help him out with the opening if hes stuck with something.

Party Favors

Based on the invitations youll be sending out, you also have to make sure that every single kid that will attend your childs party gets a bag of goodies (if party favors are covered by your budget). If you want to give out different party favors depending on the age of the kids, label the bags so you give each bag to the right child.

Other Considerations

No party is ever perfect. Even if we dont want it, there are certain unexpected things, big or small, that can happen during the event. This underscores the importance of anticipating and planning for such eventualities. Always have a plan B, even a plan C, for everything, from the amount of food youll serve to someone getting hurt during the bash. You just dont know what situations can pop up that can put a damper on the entire event. But if you have backup plans, you can deal with such situations in a much more organized way.

Take heed of these tips so you can be an excellent host during your kids birthday bash (for party ideas, check PartiesOnline).

About the Author: Make the planning for your kids birthday party easy by getting party supplies online. You can check this website,

partiesonline.com

.au, if youre looking for a party shop online.

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All FLDS children returning to parents

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All FLDS children returning to parents

June 21st, 2017 | No Comments »
Posted by PG4wp3 under Uncategorized

Monday, June 2, 2008

A Texas court has announced that all children taken from the Fundamentalist Church of Jesus Christ of Latter-Day Saints (FLDS) compound in Texas are being returned to their parents. Beginning today, parents have been allowed to collect their children, all of whom were in state custody before the announcement.

The more than 460 allegedly abused children were taken into state custody last month after officials say they received a call from a distressed 16-year old girl. The children were found in a 1700-acre compound belonging to the FLDS. It is now believed that the original phone call was actually a hoax.

The decision follows an appeals court ruling that Texas Child Protective Services (CPS) should not have taken the children from the FLDS.

Recently the CPS in Texas filed papers on this issue, saying that the families may choose to flee Texas if they are reunited per the appeals courts ruling. If the families were to do that, they would then be outside the court’s jurisdiction, putting the children at risk of abuse.

The CPS in Texas released a statement regarding the court ruling: “We are disappointed, but we understand and respect the court’s decision and will take immediate steps to comply. Child Protective Services has one purpose in this case – to protect the children. Our goal is to reunite families whenever we can do so and make sure the children will be safe. We will continue to prepare for the prompt and orderly reunification of these children with their families. We also will work with the district court to ensure the safety of the children and that all of our actions conform with the decision of the Texas Supreme Court.”

Hobbies: Arts And Crafts Idea Foam Sheet Glasses Case}

June 20th, 2017 | No Comments »
Posted by PG4wp3 under Crafts

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Hobbies: Arts and Crafts Idea – Foam Sheet Glasses Case

by

Nicholas Tan

Are you a camp director, teacher, or homeschool mom looking for a new arts and crafts idea for your kids? Or maybe you are a recreation director at a senior center or nursing home and could use a new project. Either way, this arts and crafts idea will be interesting and fun for all. This glass case can be used, given as a gift, or converted into a necklace purse.

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To make the glasses case, you will need the following simple materials: a square of craft foam, plastic or large blunt needles, lanyard lace or thick yarn. Cut two rectangles from the foam, each 3-1/2 inches (9 cm.) by 6 inches (15 cm.). With a hole punch, make holes on three sides of each rectangle, leaving one short side unpunched. Make the holes 1/2 inch apart and allow at least 1/4 inch between the hole and the edge of the craft foam. The holes need to line up so that the two pieces can be laced together. If you are preparing the craft for small children, you should make the holes yourself. Otherwise, the crafters can do this step if you have enough pairs of hole punches.

At this point the crafters can cut decorative shapes from other colors of craft foam, or you can buy sets of ready-cut foam shapes. If you are doing the craft at a special event, like vacation Bible school, choose shapes that echo the theme of the event. For instance, if the Bible school or camp has a cowboy theme, find shapes that fit well, such as boots, cowboy hats, and stars. Let the kids choose the shapes they like and glue on as desired. You might also like to provide beads or sequins to glue on as well, especially if the crafters are a little older.

The next step in this arts and crafts idea is to thread the plastic needle with the yarn or lanyard lace. Yarn might be a little easier to handle, but lanyard lace is shiny and attractive. In a pinch, some teachers of small children use a bobby pin as a needle. It is certainly a safe alternative. Simply loop the yarn through the opening and use the open end of the bobby pin as if it were the point of the needle. The children can now begin to lace the front and back of the glasses case together.

To turn this arts and crafts idea into a necklace purse, simply attach a piece of lanyard lace to each corner making a long handle. Kids will enjoy using this case as a place to store secret notes and small objects. If they’d rather, they can give the glasses case to a parent, grandparent, or friend who wears glasses. Either way, this arts and crafts idea will be interesting for all.

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Restrictions imposed in China textile trade with U.S.

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Restrictions imposed in China textile trade with U.S.

June 20th, 2017 | No Comments »
Posted by PG4wp3 under Uncategorized

Saturday, May 21, 2005

In an effort to ease complaints by the U.S. and Europe about a heavy influx of low priced Chinese goods, China will raise export tariffs on 74 categories of textile products in June. This follows plans from the U.S. to impose quotas on Chinese textiles and clothing.

Products likely to see an increase from the Chinese move include synthetic fiber shirts, trousers, knit shirts and blouses, cotton shirts, and combined cotton yarn. Last week, similar restrictions were imposed by the U.S. on cotton trousers, knit shirts, and underwear. Currently, a 2.5 cent charge per item is imposed; the new tariff will raise this to the equivalent of 12 cents per piece now. While this is a fourfold increase, it is not expected to affect consumer prices. Because of this, some doubt the tariff will have any effect on correcting the trade imbalance.

This move is in response to U.S. trade quotas imposed due to concerns that increased Chinese goods would put U.S. textile manufacturers out of business. According to Auggie Tantillo, executive director of the American Manufacturing Trade Action Coalition, a textile industry group in the U.S., the move will preserve 10,000 U.S. jobs. The new U.S. trade quota will limit the growth of Chinese textile imports to 7.5 percent compared with shipments over the past year.

Prior to January 1, a global quota system helped regulate the trade. With the quota system gone, fears have arisen that a flood of Chinese goods could undercut U.S. competitiveness in the market. China is able to market its goods cheaply due to an artificially weak yuan. The U.S. Treasury criticized the China yuan policy as “highly distortionary”, posing a major risk to China’s economy itself and to global economic growth. They challenged China to revalue its currency to bring it to a level they believe will allow fairer competition between global manufacturers.

China has disputed the charges of the U.S. Treasury. Chinese Commerce Minister Bo Xilai said, “I believe they are not reasonable”.

Laura Jones, a representative of large retailers, also criticized the move, saying “These restrictions on imports from China will do absolutely nothing to help the U.S. textile industry — and the government knows it.”

China has seen a boom in economic growth in recent years due to growing trade surpluses with the West, but economists worry that the trade gap will cause longer term global economic problems. China’s textile and apparel exports are the most noteworthy example, with exports up over 1,000 percent in some categories this year and the rapid loss of marketshare and jobs by U.S. textile manufacturers.

Beginning in 1978, the Chinese economy has been transforming from a Soviet-style centrally planned economy to more of a free market style system, under the rigid political control of Communist Party of China.

To this end, the government has leveraged foreign trade to stimulate economic growth. The result has been a fourfold increase in GDP, making China the sixth largest economy in the world. By 2012 the People’s Republic of China may have the highest GDP in the world.

According to U.S. statistics, from 1999 to 2004 China’s trade surplus with the U.S. doubled to $170 billion. Wal-Mart is China’s seventh largest export partner, just ahead of the United Kingdom.

However, the gains from their “socialist market economy” have not been without problems. The Chinese leadership has often experienced the worst results of socialism and capitalism: bureaucracy, lassitude, corruption, and inflation. Inflation rates have been an on-going challenge, reaching as high as 17% in 1995.

Environmental deterioration is a longer-term threat to economic growth. In 1998, the World Health Organization reported that China had seven of the 10 most-polluted cities on Earth. Another concern among some economists is that China’s economy is over-heating, and due to its global economic expansion this could have major repercussions among other nations.

Typically, wages have been low and working conditions poor, with workers living in restrictive dormitories and working at boring factory jobs. However, recent labor shortages have started improving conditions, and raising the minimum wage towards the equivalent of 100-150 US dollars per month. The labor shortages are in part a result of a demographic trend caused by strict family planning.

US novelist Tom Clancy dies at age 66

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US novelist Tom Clancy dies at age 66

June 20th, 2017 | No Comments »
Posted by PG4wp3 under Uncategorized

Wednesday, October 2, 2013

The bestselling US novelist Tom Clancy died yesterday in a hospital in Baltimore, according to his publisher. The sixty-six year old is best known for a series of novels themed around espionage, military affairs and geopolitical intrigue, many of which have been adapted into movies and video games.

The Hunt for Red October, Clancy’s first novel, sold over five million copies and was made into a movie with Alec Baldwin and Sean Connery. President Ronald Reagan described the novel as a “perfect yarn”. The protagonist of Red October, CIA analyst Jack Ryan, starred in a series of Clancy adventures featuring wars, terrorist attacks and international political power games. Ryan has been played by Harrison Ford and later Ben Affleck.

Seventeen of his twenty novels have reached number one on the New York Times bestseller list. In 2002, Forbes magazine estimated Clancy’s earnings at US$47.8m. His final novel, Command Authority, is to be published in December.