China booming? How long for?

photo credit: neurmadic aesthetic
Increasingly polluted, operating in thin margins and with a growing staffing problem, China’s boom may be ready to burst anytime now…
The day China’s sweatshop workers rose up in mutiny and looted the plant | the Mail on Sunday
At the same time, Western firms, including companies such as Marks & Spencer and Primark, must consider relocating production to countries such as Vietnam, Thailand, Cambodia, India and Bangladesh, where labour costs are in some cases lower.
Could personal chipping be made mandatory in the future?
Human ID Chips Get Under My Skin
As citizens, we need legal safeguards ensuring that any use of this technology adheres to publicly acceptable guidelines. At a minimum, any chipping must be truly voluntary rather than mandatory. But I am afraid this will be almost impossible to ensure without legislation such as that enacted by Wisconsin last year, barring all mandatory human chipping.
Also privacy-related:
Tracking cars reduces insurance spending in exchange for privacy
More participation of young people in elections
Good news for a change!
Flawed economic models and consumer’s attitude changes towards money
Can analysts have been so blind to what was coming, or they simply chose to ignore the facts?
Mish’s Global Economic Trend Analysis: US Homeowners Confound Predictions
This is not what the models predicted. Part of the explanation for this is related to the continuing shift in social mood toward debt repudiation and the relative attractiveness of scaled down living. And some of it is simply a rational response to deflation and negative home equity. Why fight to save something that is going down in value?
In any case, we are already seein a Change in attitude towards credit and money slowly becoming mainstream
Today, Ms. Merhaut, 44, manages her money the way her father did. Despite a household income reaching six figures, she uses cash for every purchase. “What we have is what we have,†Ms. Merhaut said. “We have to rely on the money that we’re bringing in.â€The shift under way feels to some analysts like a cultural inflection point, one with huge implications for an economy driven overwhelmingly by consumer spending.
