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Curated by Kenneth Weene
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India Builds Highway to Thailand to Counter China's Silk Road

India Builds Highway to Thailand to Counter China's Silk Road | enjoy yourself | Scoop.it
When Prime Minister Narendra Modi’s government approved $256 million to upgrade a section of a remote border road last month, few took notice.
Kenneth Weene's insight:
This is what the US should have been doing during those Vietnam years, building a unified Southeastern Asia economy by improving the infrastructure and encouraging trade. It is what China is doing in Africa. For my part, I'm delighted to see Delhi competing with China. I only hope that the US will get over its empire-orientation and start cooperating with some of the other potential giants to get our share of this world economy and build our share of roads and railroads instead of military bases. Our natural allies against China are Russia, Iran, Japan, and India. However, Japan is the least useful because of declining population. Instead of keeping our eye on the ball of the world's economic development, we're chasing the outside pitch of North Korea. I sure wish somebody in Washington would start looking at things through my eyes. I want to see American 18-wheelers tying the world together not our bombers and missiles trying to keep an old order. 
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Donald Trump, Negotiator-in-Chief

Donald Trump, Negotiator-in-Chief | enjoy yourself | Scoop.it
Another take on Trump and Carrier
Kenneth Weene's insight:
Here's another take on Trump and Carrier that makes pretty much the same point. Not a great deal, not really smartly executed and most likely to not in the end help anyone. Meanwhile, Trump could have used United Technologies to open a defense related plant to take up that employment slack. Making air conditioners in Indiana makes little sense. This was a rational manufacturing move and Trump/Pence are interfering with the free market side of things instead of helping to encourage growth. Bad economics. 
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The world economy explained with just two cows. - StumbleUpon

The world economy explained with just two cows. - StumbleUpon | enjoy yourself | Scoop.it
Kenneth Weene's insight:

This has been around for ages, but it's worth repeating now and again.  Of course they forgot the Chinese cows, which died of overwork and pollution and the Indian cows who don't do anything because they're sacred.

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Brownback: Despite Sales Tax Hike, It's 'Not Accurate' That We're Raising Taxes

Brownback: Despite Sales Tax Hike, It's 'Not Accurate' That We're Raising Taxes | enjoy yourself | Scoop.it
UPDATE: June 17, 2015, 10:09 AM EDT

TOPEKA, Kan. (AP) — Republican Gov. Sam Brownback said Tuesday that Kansas isn't really increasing taxes even though the state will raise its sales and cigarette taxes to balance the budget.
Kenneth Weene's insight:

Once again the Kansas Republican party demonstrates its indifference or perhaps downright hostility to the average person. Sales taxes are the most regressive of taxation since the labor drafts of feudal times. In effect, they want the poor and average income person to shoulder the preponderance of the weight of the government while the rich reap the greatest rewards. This is totally at odds with what I grew up believing as a young Republican voter in the time of Eisenhower. I cannot fathom why Americans still vote for such Republican misogyny.

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Why America's Internet Is So Shitty and Slow

Why America's Internet Is So Shitty and Slow | enjoy yourself | Scoop.it
You may have heard that the internet is winning: net neutrality was saved, broadband was redefined to encourage higher speeds, and the dreaded Comcast-Time Warner Cable megamerger potentially thwarted. But the harsh reality is that America's internet is still fundamentally broken, and there's no easy fix.
Kenneth Weene's insight:

It is important that the actual infrastructure of the Internet be properly developed and managed. That requires either government ownership or a far better solution, true capitalism. The problem is that true capitalism requires government supervision so that an oligopoly doesn't take us all down a dark path to their profits. Here is an informative essay on the current state of things.

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US job openings near 13-year high, hiring rises

US job openings near 13-year high, hiring rises | enjoy yourself | Scoop.it
WASHINGTON (AP) — The number of U.S.
Kenneth Weene's insight:

Quick, let's blame Obama. Whoops, wait a minute, things are getting good. Well, everyone should hate him anyway. Right? Maybe in five years we'll figure out that the man has done a decent job.

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Why Is the Nash Equilibrium So Important?

Why Is the Nash Equilibrium So Important? | enjoy yourself | Scoop.it
Answer by Balaji Viswanathan, currently working on From Tryst to Tendulkar: The History of Independent India: Game theory is a study of strategies involved in complex games. Almost every human interaction—politics, economics, law, and religion—can be modeled as a game. You are in a game if your fate is impacted...
Kenneth Weene's insight:

A basic view of game theory. As an economics major, I did my thesis on price leadership. Too bad I had no knowledge of game theory, or I might have made a better contribution.

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Trump Still Has Lots of Face at This Chinese Factory

Trump Still Has Lots of Face at This Chinese Factory | enjoy yourself | Scoop.it
At a Donald Trump mask factory in China, workers aren’t worried that a potential trade war with the U.S. could slow their production line.
Kenneth Weene's insight:
I have no use for a Trump mask nor a Clinton one, but these hard working folks in China are turning them out to great demand.  Clearly, a job that China is stealing from the United States...or is it? Any takers here? Somehow, I don't even see this one getting traction in Mexico. And there in lies an economic truth that American workers have to face, that we don't want to do the work and receive the wages for most of those jobs that are leaving the country. Maybe once, but not any longer. 
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Pentagon Agency Handled Record Foreign Arms Sales in 2015

Pentagon Agency Handled Record Foreign Arms Sales in 2015 | enjoy yourself | Scoop.it
The Pentagon agency charged with shepherding US arms sales to foreign nations hit a high of $46.6 billion in sales in fiscal 2015.
Kenneth Weene's insight:

The good news is the U.S. economy gets lots of outside money. The bad news is we are becoming the merchants of war. What a said world we are creating, one in which the real threats of global warming, over-population, and the every easier spread of disease and invasive species are ignored while we waste energy and lives making and using the machines of killing. If god made us to be stewards of the earth, we humans sure aren't doing our job.

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Chinese Textile Mills Are Now Hiring in Places Where Cotton Was King

Chinese Textile Mills Are Now Hiring in Places Where Cotton Was King | enjoy yourself | Scoop.it
Chinese textile manufacturers drawn by cheap cotton, falling labor costs and government incentives are helping revive depressed mill towns in the American South.
Kenneth Weene's insight:

So American productivity is good but can Chinese industry learn to live with American workers who might expect more freedom, more control, and most importantly more material reward once the plant is running full-tilt? Or does management expect American workers to take on the driven desperation of the traditional Chinese? It will be interesting to see if once the investment is made and the contracts for product written if labor will want — as it should — a bigger piece of the pie.

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How Cheap Oil Is Changing the World

How Cheap Oil Is Changing the World | enjoy yourself | Scoop.it
From Russia to your local gas station, the consequences of low fuel prices are clear. But the consequences of those consequences are less apparent.
Kenneth Weene's insight:

One of my fears is that we Americans will go back to petroleum-guzzling ways instead of pushing for better mileage vehicles and renewable energy. 

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How income inequality holds back economic growth | Al Jazeera America

How income inequality holds back economic growth | Al Jazeera America | enjoy yourself | Scoop.it
Wealth divide cost US roughly 7 percentage points of GDP growth from 1990 to 2010, OECD report finds
Kenneth Weene's insight:

If a man can't buy products, then the demand for that product is lessened so it's production is smaller. And so on round and round. Siphoning wealth into the "Ponzi scheme" of the stock market only appears to grow the economy. The real economic wealth of a nation is in the actual goods and services it produces and the wellbeing of its citizenry.

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India launches bank accounts for all

India launches bank accounts for all | enjoy yourself | Scoop.it
Kenneth Weene's insight:

To issue the necessary papers and to clear the bureaucratic hurdles to make this happen will not be easy, but to bring the poor of his country into the modern economy is a major goal. Good luck to Mr. Modi.

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Underspending During the Recession

Underspending During the Recession | enjoy yourself | Scoop.it
With the economy slowly but steadily improving over the last 18 months, it's becoming increasingly clear how horribly we botched public policy during the downturn.
Kenneth Weene's insight:

Yet another analysis of why austerity during recession is bullcrap. Of course the political right won't listen or learn. They will go on chanting, "Taxes bad. Greed good!" until we all are living under the remains of a bridge.

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