A Hindu Nationalist Perspective
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OT: Chinese state-owned train manufacturer, China CNR, will recall 54 bullet trains, as problems continue to plague the industry ."We will suspend for the time being the examination and approval of new railway construction projects," the State Council said in a statement.
I read somewhere that Chiease stole the technology from a German company which was given a contract to build one line/train. Later when the company was expecting continuing business (on account of doing good job), it was dealt a hard lesson in real economics. The Chinese government gave contracts for further business to a Chinese company which stole the technology.Maybe we are seeing the results of Chinese being too smart by half.
If you think Dr Roubini is a Keynesian idiot who thinks Gold is in a bubble, you have not seen the real idiot.... Mr. (Noble Prize Winner ConMan) Paul Krugman has been openly and freeing advocating a war to get US out of recession.
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