Morning Reading
Excellent collection of Chinese "Friendship Projects". I can't help but think this is a far more effective foreign policy than the American role of stepping in when war comes. China gets to be the "fun dad", the US is the "mean mom". Be sure to read the comments at the end, always interesting to see the issues that concern the netizens - Ministry of Tofu
http://www.ministryoftofu.com/2012/02/photos-generous-gifts-to-less-developed-countries-from-china/
Continuing the discussion of ISM seasonality . . . they are making historical revisions - Calculated Risk Blog
http://www.calculatedriskblog.com/2012/02/ism-seasonality.html
Continuing aftermath of cadmium spill in Southern China - Wall Street Journal
http://blogs.wsj.com/chinarealtime/2012/01/31/photos-china-struggles-to-clean-up-cadmium-spill/tab/slideshow/
Rapid iron ore capacity expansions in Australia still needed? Bonus "Australia in a picture" in this article: a kangaroo on iron ore boulders - Wall Street Journal (Robb Stewart)
http://blogs.wsj.com/dealjournalaustralia/2012/01/31/chinas-slowing-no-worries-for-aussie-iron-ore-miners/
Continuing the discussion on the Catholic Church not covering birth control in their health insurance (a little bird tells me that a certain Catholic institution in DC does offer employees an alternate option from "Catholic care", but students are tied in and possibly others). For me, the question is not of right or wrong here, it is: how much freedom over medical freedom are you willing to give up for government management of healthcare? Difficult questions like "does the Catholic Church have a right to pursue its values through its health insurance" only get messier when you substitute the "Federal Government" for "Catholic Church" in that statement. How many people can say that they feel well-aligned with the values of the US Federal Government? - The Atlantic (Megan McArdle)
http://www.theatlantic.com/national/archive/2012/01/should-the-church-have-to-dispense-birth-control/252321/
A book review that doubles as a criticism of much of current coverage of China. Interesting throughout. But it does beg the question of why we feel so comfortable with our stereotypes of some countries and so vehemently challenge others. Possibly due to the incredibly complicated relationship the US has with China . . .
http://chinageeks.org/2012/01/book-review-why-china-will-never-rule-the-world/
The Efficient Markets Hypothesis lives - TheMoneyIllusion (Scott Sumner)
http://www.themoneyillusion.com/?p=12801
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