Recently, I’ve been reading Edward Glaeser’s "Triumph of the City." It’s an excellent read and looks at how cities have thrived, failed, and have created greater economic and intellectual prosperity that would have been unachievable otherwise.
While reading Glaesar's work, I could not help but to notice parallels with modern China. China’s central planners might be in agreement with Glaeser’s basic thesis, on one level. After all, has any nation in the history of the world promoted more rapid upward urbanization than the People’s Republic of China? China’s urban population percentage more than doubled from 1980 to 2010; an astonishing figure. [more]
Oil price predictions are getting outlandish again. A Martin Hutchinson article today talks about how a Middle East meltdown could mean oil prices over $300/barrel. Are you f@#$ing kidding me?!! [more]